Hoi Polloi

“I won’t vote for any Democrat who doesn’t represent Progressive values,” says our first contributor today. “The two candidates I’m considering are Elizabeth Warren and Bernie Sanders, but neither are liberal enough for me.

“I definitely will not vote for Trump, and I’m hoping the Senate impeaches him.”

Our reader might just get his wish. (And, whichever side of the political fence you fall, I think we can all agree that impeachment is a sad legacy.)

Next, a reader answers our question: Do you think Biden’s takeaway from Boris Johnson’s victory is the correct one?

If you recall, Biden intimated only a centrist candidate could win the Democratic party’s nomination.

“No,” a reader says, “although that takeaway works for Biden.

“From what I’ve read, the election was a single-subject referendum on Brexit. I expect the election was a case of: ‘We told you to leave the EU and you wouldn’t. Get out, now!’

“The Labor Party attempted to expand the issues but Brexit was it.”

Thanks for weighing in. Considering the U.S. presidential election is less than a year away, do you think there’s a single issue that’ll unite American voters?

Your Rundown for Friday Dec. 20, 2019:

Harvest Time 

This year at The Rundown we’ve said it’s important to diversify your investments with defensive stocks — consumer staples, for example.

One stock that took flight yesterday is Conagra Brands (CAG); by closing bell Thursday, the stock was up almost 16% or the biggest single-day gain since the 1970s.

chart

The reason? The parent company of familiar brands including Birds Eye and Duncan Hines reported net sales increased 18.3% to $2.82 billion, beating analysts’ expectations for the first time in six quarters, according to MarketWatch.

Conagra’s CEO Sea Connolly attributed some of the company’s success to “on-trend innovation,” particularly when it comes to plant-based meat substitutes.

On that strength, Conagra shares are up 57.6% year to date compared with the SPDR Consumer Staples Select Sector ETF (XLP) that’s up 23% this year.

Diversify. Get defensive with brands consumers will buy — rain or shine.

Market Rundown for Friday, Dec. 20, 2019

S&P 500 futures are up 2 points to 3,208.

Oil’s added 8 cents to its price of $61.20 for a barrel of WTI.

Gold is down $1.40 per ounce to $1,483.

Bitcoin is up $3.33 to $7,311.83.

Have a great weekend. (Getting in that last-minute holiday shopping, no doubt.) We’ll catch up Monday.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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