Tale of the Tape
Good evening, y’all.
Spooky season is here. Halloween is only 30 days away and before we know it it’ll be 2021. 🙏
The markets finished green. The small-cap Russell 2000 and Nasdaq led the way.
Real estate was the strongest sector, energy the weakest. Should we be worried?
Social stocks sizzled. Pinterest pinned an all-time high. Snap soared to its second-highest close ever. Twitter ticked a 2-year high.
Here are the closing prints:
Tonight on After Hours:
Early Twilio Earnings
Justin Bieber To Crocs?
Return of the $SNAP?
Snap closed at its second highest level ever.
The stock gained 2.5% bringing its 2020 YTD performance to +64%.
Here’s the weekly chart. Next stop new highs? Time will tell.
Bed Bath and Beyond 🚀
Bed Bath and Beyond went beyond last quarter.
The company reported Q2 earnings this morning. Here are the numbers:
EPS: $0.50 vs ($0.29)
Revenue: $2.69B -1.1% YoY
Mark Tritton, Bed Bath & Beyond’s President and CEO said:
Our growth strategy is unlocking improved financial performance, and the marked improvement in our second quarter financial results reflects the potential of our digital-first, omni-always transformation and our efforts to build a modern, durable platform for success. We’ve taken direct action to stabilize our business, including reducing our cost structure, enhancing our financial flexibility, and investing where it matters most to our customers.
$BBBY ripped 25%. See the press release here.
Are You a Belieber?
Justin Bieber shared a photo on Instagram teasing a collaboration with Crocs.
Following the pic, $CROX jumped 5% to close at a 13-year high.
This isn’t the first collab for Crocs. The clog maker previously teamed up with Post Malone, Grateful Dead, and Bad Bunny.
We’ll see if Biebs can make a million a minute.
Playboy will return to the public markets by way of SPAC. The company will merge with Mountain Crest Acquisition Corp. as the deal is expected to close early next year.
Playboy will trade under the ticker, $PLBY.
Here’s the Wall Street Journal with more.
Two women watching the tape. 1918.
Links That Don’t Suck
🤙 The First Blank-Check ETF Makes Its Trading Debut
🌒 BIG and NASA Collaborate to Design 3D-Printed Buildings for the Moon
🧒 Future is for Kids
🐕 The Era of Greyhound Racing in the U.S. is Coming to an End
🎬 The First FULL Trailer For ‘Borat 2’ Is Here
🦠 Tennessee Titans Game Postponed Indefinitely as Team’s Covid-19 Case Count Rises
🎿 Home Sales Surge in Resort Towns Even as Covid Looms Large Over Ski Season