surge

Home Improvement Market Sees Surge During Pandemic

Financialnewsmedia.com Market Commentary

PALM BEACH,  Fla., Oct. 13, 2020 /PRNewswire/ — Analysts expect home improvement spending to reach $439.9 billion in 2020 – In the time of a global pandemic, there is indeed no place like home. As millions of Americans practice social distancing while working and learning remotely, the home has become the focal point of our lives. The desire to make residences safer, more comfortable and more enjoyable has led to a home improvement boom.   Mentioned in today’s commentary includes:  NeoVolta (OTCQB: NEOV), Tesla (NASDAQ: TSLA), Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW).

The Home Improvement Research Institute predicts Americans will spend $439.9 billion on home improvement products in 2020. The online home remodeling platform Houzz reports that demand for kitchen and bath remodeling was up 40% year over date in June 2020, while home additions increased 52% and fencing projects jumped 166%. Pool and hot tub installations are seeing a wave of strong demand across the country. 

Home renewable energy is also seeing a surge as storage batteries are being installed in more households. According to the U.S. Energy Storage Monitor, the energy storage industry saw record-breaking deployments during the second quarter of 2020, and rapid expansion is expected to continue. A total of 168 MW and 288 MWh of energy storage was deployed in the quarter, second only to Q4 2019 as the highest on record, according to the joint report by Wood Mackenzie and the U.S. Energy Storage Association.

With Americans nesting like never before, four of the companies active in-home improvement are: NeoVolta (NEOV), Tesla (TSLA), Home Depot (HD) and Lowe’s (LOW).

NeoVolta (OTCQB: NEOV) – San Diego based NeoVolta, whose stock is trading around $4 per share, is the only pure-play energy storage company on this list. Recently NeoVolta announced

Pence, Harris to meet in vice presidential debate as Covid cases surge in the White House

SALT LAKE CITY — Vice President Mike Pence and Sen. Kamala Harris, D-Calif., are set to meet Wednesday night at the University of Utah in the vice presidential debate as both candidates face intensified pressure to demonstrate they are prepared to step in as commander in chief.

The vice presidential debate typically draws little fanfare, Pence and Harris will be examined by voters who are choosing between two senior citizens for president.

President Donald Trump’s coronavirus diagnosis last week sparked questions over the transferral of the powers of the presidency. Democratic nominee Joe Biden has said he sees himself as a “bridge” to the next generation of Democrats, raising speculation as to whether he would seek a second term.

Regardless of who wins, Trump, 74, and Biden, 77, would both set a new record for the oldest president on to take the oath on inauguration day.

The 90-minute debate will be moderated by USA Today’s Susan Page and will begin at 9:00 p.m. ET. It is the only vice presidential debate of the 2020 presidential campaign.

The debate will be divided into nine segments of approximately 10 minutes each and there will be no commercial breaks. Topics are not being disclosed ahead of time.

Harris will also make history as the first Black woman and the first Asian American to participate in a general election debate as a candidate on a major-party ticket.

While Trump’s diagnosis is expected to hang over the debate hall, Wednesday’s event will also feature a visual reminder of the ongoing pandemic and the nearly 20 people tied to Trump who have tested positive for the virus in the past few days.

Sheets of plexiglass will separate the two candidates on the stage, an extra safety measure that Harris requested because of Pence’s potential exposure to