The U.S markets are headed for a good start to the day with the NASDAQ, Dow, and the S&P 500 all in the green in early morning trading. This is a reflection of the mood across the world where stocks are largely in positive territory today.
This follows increased optimism for a stimulus package deal for the world’s largest economy. Earlier in September, the Federal Reserve had indicated that a fiscal stimulus package was needed as it had exhausted all monetary policy options for holding the economy together. Despite the improved outlook, investors are still cautious about the impact of COVID-19 on the economy.
Recently, the number of deaths from the pandemic crossed the 1 million mark. The numbers keep rising too and some countries such as Spain have gone back into lockdown. In the U.S, major corporations such as Disney have announced they are laying off thousands of Staff due to the pandemic.
The delicate situation is made even more complex by a highly divisive election in just a few weeks. Despite the complexities in the market, there are stocks that are gaining quite strongly and could trade in positive territory all through the day. Some of the stocks to keep an eye on today are as below:
Enlivex Therapeutics Ltd [NASDAQ: ENLV]
Enlivex Therapeutics Ltd is a top performer this morning and is up by over 70% pre-market. This follows the company’s announcement that it had got positive results for its COVID-19 treatment called Allocetra in critically ill patients. The trial included 5 people in critical condition who were released after 5.5 days and 8/5 days respectively of using Allocetra. The company also announced that there were no cases of severe side effects related to the use of Allocetra™. The company stated that if the treatment is approved, it would bridge the gap in the treatment of severe and critical COVID-19 patients.
American Equity Investment Life Holding Company [NYSE: AEL]
This is another top perfumer this morning and is up by over 50%. This momentum comes just a day after the company announced it had named Graham Day to lead Eagle Life. The company stated that Graham was bringing in two decades of experience in sales leadership to the company. The move has excited the market if the current price action is anything to go by.
Advanced Emissions Solutions Inc [NASDAQ: ADES]
Advanced Emissions Solutions Inc is a top performer pre-market and is up by over 40%. This follows the company’s announcement that it had entered into a 15-year activated carbon supply deal with Cabot Corporation.