2 Stocks to Buy Prior to the Election

Is Donald Trump going to be reelected? Or is Joe Biden going to win the White House? I’m not sure. But it would be nice, as an investor, to own stocks that will thrive regardless of which party wins in November. My suggestion is to look to international stocks that are already outperforming the S&P 500.

In particular, investors might want to focus on Bilibili (NASDAQ:BILI) and Tencent (OTC:TCEHY). Here’s why I think these two foreign stocks will outperform in 2021, regardless of how the U.S. election shakes out.

Half of China flag, and half of U.S. flag, with a huge crack in between them

Image source: Getty Images.

Bilibili is up 139% in 2020

My No. 1 investment idea for China is to buy shares of Bilibili. This is a China-specific business that has little do with America or American elections. You don’t have to worry about trade disputes, embargoes, tariffs, or any of that political stuff.

The best way for American investors to

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ConocoPhillips Posts Smaller Loss From Prior Quarter as Oil Prices Recover | Investing News

(Reuters) – U.S. oil producer ConocoPhillips

on Thursday posted a smaller quarterly loss than the prior quarter close on the heels of a blockbuster shale deal, as crude oil prices recovered from the pandemic-driven historic lows.

Its all-stock deal for Concho Resources Inc

, valued at $8.3 billion as of Wednesday’s close, started a wave of consolidation in the shale industry earlier this month as producers look to buy rivals hit hard by weak oil prices.

Crude prices hit a rock bottom in March and April as global travel came to a standstill due to the coronavirus crisis, forcing oil producers to cut output and save cash, while many were forced to merge with big players to survive.

Houston-based Conocophillips said on Thursday its quarterly production, excluding Libya, fell 19.4% to 1.01 million barrels of oil equivalent per day (boepd), while it earned $30.94 for each barrel of oil equivalent

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Navy Contractor Says Rival Can’t Use Info From Prior Suit

Law360 (October 15, 2020, 8:51 PM EDT) — A U.S. Navy contractor urged a D.C. federal court to toss out claims it hurt its competitor’s business with unfavorable testimony in a separate dispute between the competitor and the Navy, saying that the testimony is privileged.

Global Defense Logistics SRL hit back Wednesday at MLS-Multinational Logistic Services Ltd.’s complaint that it committed tortious interference by intervening in 2018 in a bid protest MLS had launched against the Navy. According to MLS, a statement from GDL employee Edwin Myhre endorsing a change in the Navy’s contract language was calculated to ingratiate GDL with the military branch and harm MLS’ standing….

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