The Weekend Rip: Where To?

/ Stocktwits

Good afternoon folks and so long Summer 2020. 

We only have one week until Labor Day Weekend. Time Flies.

Zoom, Crowdstrike, MongoDB, DocuSign, and Broadcom all report earnings this week. These should be fun to watch. See the line-up below.

Last week the markets closed at historic levels. Now we ask the questions, What Now, What Next, Where To?

Here’s the S&P 500 weekly chart. 

And the Nasdaq Composite.

S&P 5003,508+3.26%
Nasdaq11,695+3.39%
Russell 20001,578+1.67%
Dow Jones28,653+2.59%
Weekly percent changes

Happy Birthday, Mr. Buffett

Today is Warren Buffett’s 90th birthday. Seems like he’s old and out of touch and value will never outperform again, although the last time they said that, the internet bubble popped and the Nasdaq went from 5,000 to 1,000.

Place your bets…

Here he is in his 30s explaining it all to you.

Google Is Coming for Universities

Google recently launched a Career Certification Program that looks a lot like disruption in the higher education space.

For a fraction of the price, Google will train and certify students and then possibly hire them in positions that pay well.

Universities are ripe for disruption and they have it coming as we’ve written about previously.

If Google has some success with this program, look for other large tech companies to follow and for an acceleration in the death of traditional EDU’s.

ICYMI 

Last March, Hyundai released its autonomous EV concept car, Prophecy. 

The Prophecy is Hyundai’s vision of the future with the goal to build an emotional connection between humans and vehicles.

The car was designed to mimic the shape of a weathered stone.

Here’s what SangYup Lee, head of Hyundai Global Design Center had to say,

We have brought to life yet another icon that establishes a new standard for the EV segment as well as pushing Hyundai’s design vision to even broader horizons.

A part of that expansion is what we call optimistic futurism, a design concept embodied by Prophecy. With optimistic futurism, our aim is to forge an emotional connection between humans and automobiles.

Here’s Hyundai with more.

Sunday Links:

💡 The surreal art of ‘unnatural lighting‘

🚀 The Next Frontier

🏙 How to help urban street commerce thrive

🚞 The Outdoor Recreation Economy Isn’t As Resilient As We Thought

🧠 One of the Brains Behind Tesla May Have a New Way to Make Electric Cars Cheaper

🕴Humans Take a Step Closer to ‘Flying Cars’

😂 Triller says made $20 billion bid with Centricus for TikTok 

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, August 31st, 2020:

Economic Calendar:

  • 9/04  August Non Farm Payrolls (8:30 AM ET)
  • 9/04  August Unemployment Rate (8:30 AM ET)

Here’s the full Economic Calendar provided by Briefing. 

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