Tale of the Tape
Good evening everyone and welcome back to le grand casino.
Stocks closed higher and why shouldn’t they? Our cities may be tearing apart at the seams but we’re dropping duffel bags filled with cash from the sky so who cares…
The S&P 500 rose .38% led by Real Estate, Energy, and Financials. Health Care was the only red sector and within Health Care, Biotechnology was especially weak – which is unusual on an up day as these guys have been on a red hot streak.
Here’s one for you. Both the COVID darlings and the Anti-COVID losers rallied. COVID stocks like Zoom, Lululemon, and Novavax outperformed while airlines and small caps did too. No idea what to make of it. 🤔
Blue Apron was up 29% today. lol. The company announced some kind of chef’s partnership plus a new menu but really the stock has already been bludgeoned from 140 to 2 so popping from 9 to 12 or whatever is not as impressive as the percent change sounds.
Here’s your closing prices for the major indices:
We Made It.
It’s not all doom and gloom out there.
On Saturday, SpaceX sent two men to space, landed a rocket on a ship, and astronauts Bob and Doug made their connection with the International Space Station no problem.
This is a fantastic moment for the nation that gets lost amid the chaos occurring across the land.
Kudos Guys and thanks for shining a good deed in a weary world.
Back To Reality – Taser All Time High
Sadly, and back to Earth and reality, Axon, maker of Taser – which is a political unrest play – made an all time high today ripping 18% on the session.
For more, here’s CNBC.
Holy Freaking Zoom
Head’s up y’all – $ZM reports earnings tomorrow after the close. Should be wild.
This stock is shaping up to be the poster child for the Work from Home Wave and an early candidate for stock of the year.
It’s up 200% YTD and rose 13.75% today on crazy volume.
Here’s Steven Place with a solid $ZM preview for your reading pleasure.
Prep your zainy background too, because $ZM will hold an Earnings Webinar tomorrow at 5:30 PM ET and you can hop on here if you’re feeling it.
Here’s a chart of this freakydeak since it began trading in April 2019.
Mobile Gaming, Who Knew 🤷♂️
Today, video game developer Zynga acquired Peak Games for $1.8B in cash and stock. Peak Games created Toon Blast and Toy Blast which have both ranked in Apple’s Top Grossing apps over the last few years.
$ZNGA was up 5.4% today and Friday the stock was up 13.38% – maybe someone knew? 🤷♂️
Here’s more from Investors Business Daily.
Tesla 3 Month Highs
Tesla closed at its highest level since February 21. The news media narrative went that the stock rose after the successful SpaceX launch on Saturday… Maybe the theory is, “Go Elon!” Lol, but SpaceX and Tesla are two completely different companies so we don’t get it.
For whatever reason, the stock was bid. Tesla gained 7.56% and, don’t look now, it’s only 2% from its highest close ever.
Be sure to know when your stocks report earnings. Here’s the full earnings calendar.
Links That Don’t Suck
SimCity-style Modeling Flunks the Real-World Test
Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities
Photos: The Works of Christo
Electric Car Chargers Will Determine America’s Green Future