Tale of the Tape
Good evening everyone. You’ve survived the first half of the craziest year we can recall so give yourself a pat on the back and have a quick laugh at the absurdity of 2020 and life.
It was the best quarter since 1998. The S&P 500 gained 19.95% in Q2. The S&P 500 dropped 20.62% in Q1. Tale of two quarters. Who knows what the second half of 2020 has in store? Place your bets…
Here’s a chart of quarterly returns going back to the 1960s.
It’s the end of the month, so here are a few monthly charts that tell a story.
Zoom ripped 41% in June. Lol
S&P 500 was up 1.84% this month.
Amazon.com Inc finished up 12.96% this month.
Apple Inc rose 14.74% in June.
No Gas Necessary
Tesla had itself a day. The stock closed at a new all time high, gaining 6.98%. It closed with a market cap above $200B for the first time ever.
Check out the intraday chart.
Yesterday, one of Elon’s emails leaked and it’s classic.
Pundits are trying to cite this email as the reason the stock jumped. Who knows, but all-time highs are “super tight”. 🤣
$TSLA is up 158% YTD.
Follow us on Instagram.
S&P 500 YTD
Here’s the S&P 500 heatmap on a YTD performance.
Smith and Wesson Smokin’ Hot
Smith & Wesson is guns a blazin’. The firearm maker’s stock has more than tripled since its March 10th low.
On June 1st, the company changed its name back to ‘Smith & Wesson Brands’ from American Outdoor Brands.
Later this summer Smith & Wesson will spin off its outdoor equipment division under the ‘American Outdoor Brands’ name. This will cut the company in half.
Shares closed up 15% on the news. It’s now up 132% YTD.
The New Bentley
Bentley updated its beloved SUV to keep up with the times. The new Bentayga will be Bentley’s first vehicle under its Beyond100 strategy which focuses on sustainable luxury travel.
In 2019 the Bentayga accounted for ~45% of Bently’s sales. These things are flying like hot cakes.
Here’s an image of the $177,000 chariot.
Read more about Bentley’s vision of the future here.
And here’s a great 7-min video highlighting the new features of the 2021 Bentayga.
Links That Don’t Suck
🏨 Manhattan Hotels Pitch Rooms for Office Space With Travel Frozen
🤖 The Robots Will Handle Your Finances Now
🚀 Virgin Galactic Expects to Receive FAA License Within Next Two Spaceflights
🌋 Volcanoes May Have Helped Life Bounce Back After Dinosaur-Killing Asteroid
⛈ 400-mile-long World Record Lightning Bolt