When Life Gives You Lemons ๐Ÿ‹

Tale of the Tape

Good evening folks. Let us all take a moment to give thanks for this 3 day weekend and for this great nation we call home.

Today, we got the obligatory low volume rally into a holiday weekend, although we did give up a bit of it in the last hour.

The S&P 500 gained 0.5% and all the indices performed similarly.

It was quiet.

โ€œInsurtechโ€ darling Lemonade IPOโ€™d today and it was all so sexy we had to write more about it below.

Texas issued a statewide order requiring facemasks. Better late than never.

Elon Musk did crazy things today. Mah Nishtanah? See more below.

The markets are closed tomorrow and we will hit yโ€™all with the Stocktwits Top 25 Lists a day early so donโ€™t miss that.

Hereโ€™s your closing prices for the major equity indices.

S&P 5003,130+0.45%
Nasdaq10,207+0.52%
Russell 20001,431+0.32%
Dow Jones25,827+0.36%

Lemonade ๐Ÿ‹

Lemonade, the โ€œdisruptorโ€ to big insurance began trading today. $LMND was initially priced at $29/share but the stock opened at $50.06 and never looked back.

$LMND ripped from $50 to $70. Check out this beauty intraday chart. 

Lemonade is a B Corporation which is a special distinction for companies that are actually doing good.ย 

Read more about B Corps here.

One last little rant . Finance media is tossing about the term โ€œinsurtechโ€ like itโ€™s so sexydisruptive. And the name Lemonade is adorkable for an insurer especially. 

But nowadays every company is a tech company. Maybe these guys get a window where their digital interface is more intuitive and their data warehouse is more dynamic -but who knows how long this may last. 

Incumbent insurers, as bureaucratized as they may be, wonโ€™t just sit around and let their lunch be eaten.

They may be dumb but theyโ€™re not stupid.

What do we see first?

$LMND $100 or $LMND $50 

Place your betsโ€ฆ

ELON, ELON, ELON ๐Ÿคฃ

Elon went on an epic Twitter rant taunting the SEC as Tesla jumped another 8%. God bless the internet. 

New Bronco ๐Ÿ‘€

Ford will present its redesigned Bronco family on July 13th. 

We canโ€™t wait.

Click here for more info.

NBA Comeback

Courts are being built. Players are getting yolked. Let’s forking go. ๐Ÿ’ช๐Ÿ’ช๐Ÿ’ช The NBA is scheduled to resume on July 30th.

Hereโ€™s an image of 19-year old Zion Williamson. 

Links That Donโ€™t Suck

๐Ÿ• How the Outdoor Industry Responded to Coronavirus

๐Ÿ”Š INFINITE LOOPS: Anthony Pompliano: Building a Brand, Moats, and Bitcoin 

๐Ÿ‘ฝ New Boeing 737 Private Jet Features Spaceship-Like Interiors

๐Ÿž How These Public Spaces Are Safely Reopening in Creative Ways 

๐Ÿคณ The Nifty Fifty and the Old Normal 

๐Ÿš“ Epstein Scandal Widens With Arrest of Ghislaine Maxwell for Conspiracy

๐Ÿ”Š Best of Risk Management

๐Ÿฆ Sanctioned Billionaire Finds a Haven in Tiny Congolese Bank

๐Ÿ‡บ๐Ÿ‡ธ Have A Great Weekend! ๐Ÿ‡บ๐Ÿ‡ธ

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  1. Pingback: nCino, face ripper IPO | The Daily Rip

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