Tale of the Tape
Good evening everyone. Stocks were mixed today. Tech ripped higher while small caps got sold.
The S&P 500 rose .5%, ho hum, but there were some insane moves among individual names. More on this below.
Apple will reclose stores, the stock dropped a couple bucks on the news, but it still closed flat on the day. $AAPL is less than 1% off its all-time high.
We’re at a place where stocks don’t care about the reemergence of COVID. This could turn on a nickel or maybe stocks are discounting a benign conclusion to the fiasco.
Nobody freakin’ knows, which is infuriating and sublime. Place your bets… 🙂
Real Estate, Communication Services and Utilities all gained more than 2% while Energy dropped 2.43%.
Here’s your closing prices in the major equity indices:
Welcome Wall Street Bound!
Today, Stocktwits announced an ongoing partnership with Wall Street Bound – a non-profit organization dedicated to helping talented urban youth access careers on Wall Street.
This is one of those moments in history where stepping up to do our part is a must and a privilege. We are in!
Hundreds of thousands of market obsessed people visit the Stocktwits Platform everyday and so joining this effort is not only timely but also a perfect fit.
Read the full blog post HERE, including our interview with Wall Street Bound founder Troy Prince.
Let’s do this fam! 💪
Today in Psycho Stock Moves
Sure, the whole year has been insane so far and we all know it. Mad as a hatter. Whatevs…
But even for 2020, we got some psycho stock moves today. Here’s just a few.
Facebook, which was supposed to be suffering a case of the boycotts, reversed and ripped your face off. No hard feelings, shorty.
$FB has rallied 21 points this week and trades just 2% from all time highs.
Here’s an intraday chart from The Market Ear visualizing the Facebook Face Rip.
Shopify crossed the 4 digit mark and is now up 155% on the year. Online shopping… who woulda thought.
Daqo Energy closed at an all-time high today. Shares were up more than 15% on monstrous volume. $DQ is up 50% in the last 10 trading sessions.
Check out this monthly chart. What a freak.
Chinese solar, what could possibly go wrong. 🤪 lol!
Workhorse Group message volume on Stocktwits has taken off like a freight train. Messages were trickling in at the beginning of June and today 31,000 were posted on the $WKHS stream.
Writing this section, we couldn’t help but be reminded of the good Reverend Heat and his Psychobilly Freakout.
Stocks were up & down big. 💩 is crazy out there.
Here are today’s winners and losers from the S&P 500.
Elon and Ye ❤️
Here’s an iconic shot of Elon Musk and Kanye West. Laugh now, but we’ll remember this shot for decades.
Speaking of Elon, Tesla closed above 1100 for the first time ever.
Here’s a table with price milestones from Charlie Bilello. 2020 has been a helluva year for $TSLA.
Links That Don’t Suck
🏠 Historic Frank Lloyd Wright Home Hits the Market in Wisconsin for $425K
🏞 Pretty Italian Village Giving Tourists Free Accommodations for a Week