Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so many different factors at play (with the coronavirus vaccines, and upcoming elections) it’s not easy to pinpoint stocks poised to outperform.
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What’s more all six stocks covered below don’t just have the support
Wells Fargo CEO apologizes for saying pool of Black executive talent was shallow
Wells Fargo & Co.’s chief executive officer apologized after comments he made about struggling to find experienced Black executives created a firestorm on social media. “I apologize for making an insensitive comment reflecting my own unconscious bias,” Charles Scharf said in a statement Wednesday. “There are many talented diverse individuals working at Wells Fargo and throughout the financial services industry and I never meant to imply otherwise.” In a June memo that set new diversity targets and tied executive pay to improving those metrics, Scharf cautioned that change wouldn’t happen right away because of the industry’s failure to build a strong pipeline of minority candidates. “While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of Black talent to recruit from with this specific experience as our industry