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Why the Aristocrat (ASX:ALL) share price could jump next week // Motley Fool Australia
Even as the market seems to be losing its puff, the Aristocrat Leisure Limited (ASX: ALL) share price could be poised to rally next week.
The S&P/ASX 200 Index (Index:^AXJO) gave up morning gains and slipped 0.2% during lunch time trade.
The benchmark is up by nearly 9% since the start of the month thanks to news of a potential COVID‐19 vaccine and a Joe Biden US presidency.
Is a market correction looming?
But some experts believe the bounce is an overreaction. The vaccine candidate from Pfizer, as promising as it is, still has some ways to go before it’s available to the general public.
President-elect Biden is also going to face an uphill battle to control the pandemic and execute on his economic agenda.
While experts will…
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