Welcome To The Future

Tale of the Tape

Good evening folks and welcome to the future. 🚀

The Nasdaq Composite Index closed above 10,000 for the first time in its 49 year history while Tesla closed above 1,000 for the first time since it IPO’d 10 years ago. It’s up a cool 5,300% since then lol. Amazing.

Quiet electric cars that drive themselves and trips into outer space are happening now so strap yourself in and enjoy the ride.

Stocks closed mixed today with the Nasdaq rising .67% and the S&P 500 falling .53%.

Tech was the only green sector while Financials and Energy were up to their old tricks, falling 3.75% and 4.92% respectively.

Airlines fell 7%. Turbulence. Small caps got smaller down 2%. Starbucks fell 4% on news their coffee sucks. Just kidding 😉 Really, they posted a business update this AM that was kinda bitter.

Stocks are either keeping us honest here or we’re toppy. Who knows. Covid economy stocks were hot. Zoom, Apple, Docusign, Microsoft all green you know the drill… 

S&P 5003,190-0.53%
Nasdaq10,020+0.67%
Russell 20001,467-2.63%
Dow Jones26,989-1.04%

Everything’s Fine

Fearless Federal Reserve Chair Jerome Powell spoke to the universe today and everyone was listening. 

He had a couple epic quotes. First:

We’re not thinking about raising rates. We’re not even thinking about thinking about raising rates.

Then:

Maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.

They don’t call him J Pow for nothing…

Tesla, Holy Smokes 

Tesla closed above $1,000 today. The stock jumped 8.97% and it’s now up 145% YTD. All-time highs, baby.

Holy smokes. 🔥🔥🔥

There was an internal email leak with CEO Elon Musk telling staff to bring the Tesla Semi to volume production. Hot.

The best part was Elon’s response to a tweet asking if the email was legit. 

How can you not love this guy… lol

Here’s more from Reuters.

Nasdaq Led the Way

Check out the intraday performance of the major market index ETFs.

You can see the pop at 2 o’clock when J Pwow said “everything is fine”. But notice, $QQQ was the only ETF to make a higher high. 🧐 Can the Qs continue to carry the market higher on its shoulders? 

Place your bets… 

NACP ETF Promotes Diversity

Impact Shares is a non-profit Exchange Traded Fund Company that promotes socially conscious investing.

Their $NACP ETF tracks the Morningstar Minority Empowerment Index and provides exposure to US companies with strong racial and ethnic diversity policies.

In addition, Impact Shares contributes net advisory profits to the NAACP.

Here’s the chart relative to the S&P 500 and $NACP has outperformed a bit YTD. Nice.

Impact Shares also have ETFs that track the Morningstar Women’s Empowerment Index ($WOMN) and the Morningstar Societal Development Index ($SDGA).

To learn more about $NACP, check out Impact Shares website.

Grubhub is Merging.

Grubhub announced it will merge with European food delivery company, Just Eat Takeaway.com. The deal values the company at $7.3B or $75.15 a share. $GRUB closed at $59.05 on Wednesday. Did Uber miss big letting this one pass by?

Congratulations to shareholders!

Here’s more from CNBC.

Jeff Bezos as a Teen.

Here’s a pic of Jeff Bezos as a kid. We have no idea what the costume was supposed to be but it’s adorkable. 

Earnings Tomorrow

Be sure to know when your stocks report earnings. Here’s the full earnings calendar.

Links That Don’t Suck

📺 Charting School: Wait For Your Pitch

📃 Autonomous drones demo lunchbox delivery in South Korea

📃 Today’s Federal Reserve Policy Statement

📃 Jaguar trafficking linked to Chinese investment in South America

📺 Las Vegas’ $1.8BN Mega Stadium

📺 How Generation Z Has Changed Who Our Celebrities Are | John Comonitski