Is the Stock Market Open on Thanksgiving and Black Friday 2020?

Is the Stock Market Open on Thanksgiving and Black Friday 2020?

Investors will get some time off from the stock market on both Thanksgiving Day and Black Friday, but don't call it a perfect four-day weekend.

It's closer to a three-and-a-half.

SEE MORE The Best Vanguard Funds for 401(k) Retirement Savers

In 2020, the stock market is closed all day on Thursday, Nov. 26, to celebrate Thanksgiving Day. It will reopen on Black Friday at its regular time, but it will be a shortened trading day. Stocks will stop trading at 1 p.m. on Friday, Nov. 27.

The bond market is in the same boat, closing on Thanksgiving Day and opening for a partial session (closing at 2 p.m.) on Black Friday.

The following is a schedule of all stock market and bond market holidays for 2019. Please note that regular trading hours for the New York Stock Exchange (NYSE) and Nasdaq Stock Market are 9:30 a.m. to 4 p.m. Eastern on weekdays. The stock markets close at 1 p.m. on early-closure days; bond markets close early at 2 p.m.

2020 Market Holidays DateHoliday NYSE Nasdaq Bond Markets Wednesday, Jan. 1 New Year's Day Closed Closed Closed Monday, Jan. 20 Martin Luther King Jr. Day Closed Closed Closed Monday, Feb. 17 Presidents' Day/Washington's Birthday Closed Closed Closed Thursday, April 9 Maundy Thursday Open Open Early close
(2 p.m.) Friday, April 10 Good Friday Closed Closed Closed Friday, May 22 Friday Before Memorial Day Open Open Early close
(2 p.m.) Monday, May 25 Memorial Day Closed Closed Closed Thursday, July 2 Day Before Independence Day Open Open Early close
(2 p.m.) Friday, July 3 Independence Day (Observed) Closed Closed Closed Monday, Sept. 7 Labor Day Closed Closed Closed Monday, Oct. 12 Columbus Day Open Open Closed Wednesday, Nov. 11 Veterans Day Open Open Closed Thursday, Nov. 26 Thanksgiving Day Closed Closed Closed

Read more:

Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’?

Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’?

Let’s talk about debt baby.  Let’s talk about you and me.  Let’s talk about all the good things and the bad things that may be.  Let’s talk about debt.  

Do I have you humming the tune to a popular Salt-N-Pepa song circa 1990?  

SEE MORE Debt After Death: What You Should Know

I have to bring some joy during the pandemic!  OK. We talked about the importance of budgeting and cash flow analysis. Now, let’s focus on a related topic: debt. 

True or false? Some debt can be good. Answer: True. But there’s a catch.  You should be responsible with debt and use it to acquire an appreciating asset; in other words, an asset that will increase in value over time.  This takes discipline and focus. 

Good Debt: Mortgages and Student Loans

Most people can’t afford to purchase a home outright, or entirely with cash.  They rely on a mortgage to finance the home purchase.  If you are a first-time homebuyer, I’d strongly urge you to save at least 20% of the home’s purchase price for a down payment.  Otherwise, you may have to take out a secondary loan at a higher interest rate or pay private mortgage insurance, also known as PMI.  What if the value of the value of your home declines after the initial purchase, as happened to me in 2005 near the peak of the real estate market?  I wasn’t a financial adviser then and had only saved 10% for the down payment.  My first home was a big financial mistake — at least a $15,000 loss on a $150,000 starter home when you factor in closing costs, realtor commissions and renovations.  Yet, I learned valuable lessons.

Mortgage debt can be good. In fact, my husband and I recently had the option of taking our Missouri home sale proceeds and providing even more than a 20% down payment on our new home in Florida. However, with the mortgage rates so compelling, we kept the extra cash and invested it in other long-term goals. You can exercise the same judgment when purchasing a new home.

The other “good debt” could be student loans.  In many cases, bachelor’s degrees are required to get into any white-collar position.  Some professions demand additional schooling.  A newly minted doctor or lawyer could easily have over $200,000 in student loan debt.

Is your child entering college soon?  If so, have a candid

Read more:

Stock Market Today: Dow Lunges Over 30,000 as Recovery Rally Continues

Stock Market Today: Dow Lunges Over 30,000 as Recovery Rally Continues

The Dow Jones Industrial Average crossed the 30,000 threshold for the first time Tuesday as investors seemed to cheer what they hope will be a less politically tumultuous next couple months.

The General Services Administration on Monday evening acknowledged Joe Biden’s presidential election victory, allowing the already-delayed presidential transition process to move forward. Biden spent Tuesday introducing new members of national security and foreign policy teams, though the biggest excitement on Wall Street came from Monday's reports that former Fed chair Janet Yellen could be America's next Treasury Secretary.

SEE MORE 15 Best Stocks to Buy for the Joe Biden Presidency

Financial stocks such as JPMorgan Chase (JPM, +4.6%) and American Express (AXP, +3.7%) raced out of the blocks, as did the Dow’s lone energy component, Chevron (CVX, +5.0%). But it wasn’t just the “rotation” at work today: Communication services plays such as Disney (DIS, +3.8%) and Comcast (CMCSA, +5.1%) fared well, as did much of the rest of the market.

The industrial average finished with a 1.5% gain to an all-time high 30,046, while the S&P 500 (+1.6% to 3,635) and Russell 2000 (+1.9% to 1,853) also rewrote the record books.

Other action in the stock market today:

The Nasdaq Composite closed 1.3% higher to 12,036, just 20 points shy of its Sept. 2 high.Gold futures dropped yet again, to multi-month lows, off 1.8% to $1,804.60 per ounce. U.S. crude oil futures climbed 4.3% to settle at $44.91 per barrel. Experts' Reactions to Dow 30,000

What’s in a number? At least for this one, not much more than a bit of hoopla. Here's what a few on Wall Street had to say Tuesday:

SEE MORE All 30 Dow Stocks Ranked: The Pros Weigh In

Ryan Detrick, chief market strategist for LPL Financial: “Although 30,000 isn't much different than 29,999, there is something special about those big milestone numbers."

James McDonald, CEO of alternative investment manager Hercules Investments: “At the end of the day, Dow 30,000 is just a number and the milestone doesn't ho

Read more:

BCSVX: A Foreign Fund With Flair

BCSVX: A Foreign Fund With Flair

Though U.S. investors have had little reason to look abroad for opportunities lately, it’s prudent to keep some of your portfolio in foreign stocks. And if that prudence led you to invest in Brown Capital Management International Small Company (BCSVX), you are no doubt happy that you did. The fund boasts a five-year annualized return that beat its peers (funds that invest in growing small and midsize foreign firms), the MSCI ACWI ex USA index (a broad foreign-stock benchmark) and the S&P 500.

The fund has a unique approach: Four managers work together, picking apart prospective holdings, and everyone must agree on decisions to buy or sell. “We’re a team, and we think the outcome is better than when one person dominates,” says comanager Daniel Boston.

SEE MORE 91 Top Dividend Stocks From Around the World

It’s all part of a deep, research-driven process. The managers want to find “exceptional growth companies” (EGCs), says Boston, with four qualities: solid revenue growth; a competitive, sustainable position in its industry; executives with a vision of the future and an ability to make it happen; and profitability to fuel and sustain earnings growth. The quintessential EGC, the managers like to say, “saves time, lives, money or headaches, or it provides an exceptional value proposition to customers.”

Just over 40 stocks fit the bill these days. Many tilt toward e-commerce, electronic payments, smart logistics, cloud adoption and innovative health care solutions. “Those trends have driven the portfolio during COVID-19 because they were accelerated by the pandemic, not disrupted,” says Boston. German health care firms Evotec and Stratec and Canadian lo­gistics software company Kinaxis are among the fund’s top holdings.

The companies must be small—defined as $500 million or less in revenues at the time of purchase. As long as the firms remain exceptional growth companies, they stay in the fund.

Shares in Argentinian e-commerce and digital-payment company Mercado­Libre, for instance, with $3.3 billion in annual revenues, have been in the fund since 2015. In fact, the managers don’t sell that often. In the fund’s five-year history, they’ve sold only seven stocks outright.

6 Top Robinhood Stocks for Late 2020: Do the Pros Agree?

6 Top Robinhood Stocks for Late 2020: Do the Pros Agree?

The zero-commission trading app Robinhood, which has become popular with millennials, has emerged as a pandemic success story in 2020. And thanks to the well-documented success of young traders on the platform this year, many investors have taken in to monitoring the top Robinhood stocks at any given time.

The platform's key selling point is that users can make unlimited free trades, making the stock market accessible to those who had been previously sidelined by high prices. Thanks to that, and its ease of use, Robinhood has attracted a swath of youthful investors.

It also has attracted its fair share of critics – some argue that Robinhood "gamifies" investing through the use of regular push notifications. Additionally, Robinhood provides access to risky investments like options, and in some cases, users have noted that they didn't fully understand what they were getting into. This year's suicide of a young trader from Illinois highlighted the dangers of providing access to sophisticated investment methods with little vetting.

Robinhood investors have nonetheless piqued the curiosity of the broader community. And it's easy to satisfy one's curiosity about their investing habits: Robinhood itself lists the app's most popular picks at any given time, including how many accounts are invested in each.

Bearing this in mind, our attention shifted to Robinhood's list of the 100 Most Popular Stocks. Using TipRanks' database, we wanted to find out if the analysts agree. Here is the lowdown on its six most popular picks.

SEE MORE 14 Hot Upcoming IPOs to Watch For in 2020 and 2021 Data and Robinhood popularity stats are as of Nov. 23.

Read more:

Parnassus Mid Cap’s Bets on Industrials and Tech Take Off

Parnassus Mid Cap’s Bets on Industrials and Tech Take Off

The past year was full of highs and lows in the stock market overall. But for midsize company stocks, 2020 was less extreme. “I would put it smack in the middle,” says Parnassus Mid Cap (PARMX) comanager Matt Gershuny. Over the past 12 months, the fund, a member of the Kiplinger 25, the list of our favorite no-load funds, gained 9.5%. That beat 76% of its peers, but lagged the 10.0% gain in the fund’s benchmark, the Russell Midcap index.

SEE MORE The Kiplinger Dividend 15: Our Favorite Dividend-Paying Stocks

Gershuny and comanager Lori Keith took over at Mid Cap in late 2008, during the financial crisis. The duo have beaten the benchmark since then by investing in growing, well-run midsize firms that pass strenuous environmental, social and governance measures. Mid Cap’s 11.6% annualized return since the pair took over edges the 11.5% av­erage annual gain in the Russell Midcap index. “We keep up in strong markets and do better when markets go down,” says Gershuny.  

Recently, the fund has gained from strong performances in a handful of industrial stocks, including shipping company FedEx (FDX) (up 73% over the past 12 months) and global logistics company Expeditors International (EXPD) (up 16%), which helps get goods to market or to customers. “Shipping capabilities are down on commercial flights, and FedEx and Expeditors have picked up the slack,” says Gershuny.

Tech holdings have shone, too. Shares in Nuance Communications (NUAN), a speech-recognition software firm that’s helping the health care industry shift to electronic clinical records, climbed 112% over the past 12 months.

Shares in Western Digital (WDC) a maker of data storage drives, tumbled 24% over the past year after sales of some products slowed. Oregon utility Portland General Electric (POR) slipped 23% under pressure from the region’s wildfires and a loss in the third quarter. Still, Keith says, both companies have strong long-term growth prospects.

The pair are focused on resilient businesses that will emerge stronger from the pandemic. “Companies investing in research and development, in their workforces, and in technology will gain market share and accelerate growth,” says Keith. An example is waste-collection firm Republic Serv

Read more:

19 Best Costco Kirkland Signature Products to Buy for the Holidays

19 Best Costco Kirkland Signature Products to Buy for the Holidays

If you're feeling the holiday spirit and your Costco membership is up to speed, you'll find plenty of opportunities to score holiday goods, from gifts to house-party foods, at bargain rates at the warehouse club. In particular, many of Costco's Kirkland Signature store-branded products offer both quality and savings when it comes to holiday entertaining and gift giving.

The difference this year for Costco shoppers? Well, everything’s different in 2020. The ongoing pandemic has, for many, dashed any thoughts of large holiday gatherings. At most, there may be small, socially distanced friends-and-family events. Some of these items will pull double duty for proper everyday cleaning at bargain prices as well as for holiday gift-giving and small celebrations.

After talking to shopping experts and doing our own research, here are 19 great Kirkland Signature products to stock up on for the holidays.

SEE MORE 30 Great Black Friday Deals and Doorbusters for the 2020 Holiday Season

Read more:

National Weather

Click on map for forecast