. "Some of these names which maybe fell out of favor going into an election year … are all the sudden back in favor," Kilburg added. "You're seeing Gilead this morning with a really nice pop, but a high tide lifts all boats."jumped more than 9% in early trading to lead big retail stocks higher amid optimism about the U.S. economy possibly reopening sooner than expected. Gap's stock is still down more than 50% for the year.
If the Dow holds these gains, it would mark its first close above 24,000 since March 10, when it closed at 25,018. —led the S&P 500 higher, gaining more than 12% on Friday. The largest mall owner in the U.S. has been beaten down due to the coronavirus shutdown as retail struggles. The REIT's stock is down more than 64% this year. However, hopes of a coronavirus treatment and a reopening of the economy is boosting shares.
The manic enthusiasm of people who think they're making lots and lots of money.
How can you go wrong buying and holding pharmaceuticals at this level?
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