$SNAP Still Streaks 🔥

Tale of the Tape

Good evening, everyone. This week is a wrap. 

Stocks closed strong. The small-caps continued to outperform. The Dow was down no thanks to Intel

Communications and consumer discretionary led while tech and energy lagged. 

Bitcoin is bouncing between ~12,700 and ~13,250. The crypto had a strong week. We’ll check back on Monday.

Boston Beer beat earnings. $SAM was strong. See more below.

Snap still streaks. The “camera company” was up 55% this week.

Here are the closing prints:

S&P 5003,465+0.34%
Russell 20001,640+0.63%
Dow Jones28,335-0.10%

Earnings Round-Up

American Express reported earnings this morning. The credit card company missed earnings estimates and exceeded revenue estimates. 

Here are the numbers:

EPS: $1.30 vs $1.35 est.
Revenue: $8.75B -20.4% YoY

$AXP charged -3.5%.

Boston Beer beat earnings estimates by a boatload. $SAM soared. 

Here are the numbers:

EPS: $6.51 vs $4.63 est.
Revenue: $492.79M +30.2% YoY

The stock closed at an all-time high. $SAM +19%. Here’s the daily chart: 

$SNAP Still Streaks

The stock is up 55% this week after smashing earnings on Tuesday. Some may think of Snap as a social media company but don’t be fooled… It’s a camera company. lol

Here’s the daily chart with the redonkulous gap:

Will $SNAP need to fill the gap or is it blue skies from here? Who knows… 

Here’s an excerpt on Gaps from the classic, How Charts Can Help You in the Stock Market.

Borat 2 is Here. Very Nice 

Borat 2 is out. And it’s quite the controversy. 

Sacha Baron Cohen brings his daughter to America in the film featuring scenes with American celebrities and politicians.  

Some are not too happy about their feature appearances, though. Rudy Giuliani said: 

At no time before, during, or after the interview was I ever inappropriate. If Sacha Baron Cohen implies otherwise he is a stone-cold liar.

Borat 2 is now available on Amazon Prime. Check out a recent review on ABC

Queen of Nasdaq

Ann Dennison is the new CFO of Nasdaq. She now leads one of five companies in the S&P 500 with female executives. 

With 20 years of experience in the industry, Dennison is Nasdaq’s former controller and chief accounting officer. She was also Goldman Sachs’ lead financial reporter and previously audited for PwC. 

What a queen. 👑 Check out her bio

Dennison will replace current CFO Michael Ptasznik in February 2021. Nasdaq’s CEO said this about her promotion: 

Ann is a dedicated leader with a deep understanding of our business and our long-term vision. She has made significant contributions to Nasdaq’s financial soundness in her five years with the company and her diligence and expertise will be significant factors in our growth strategy. 

Game On In NEON

The world’s largest video game exhibit is using neon lights to bring gamers back to the glory days. 

The Game On exhibit in Madrid doesn’t just look amazing. Guests are able to play 150 of the most iconic video games in history, too. 

Check out these cool photos: 

Here’s Dezeen with more.

Links That Don’t Suck

⛰️ Rocky Mountain States Emerge as New Covid-19 Hotspot

🇸🇩🇮🇱 Israel, Sudan Agree to Normalize Ties in US-Brokered Deal

💵 CWS Market Review – October 23, 2020 Crossing Wall Street

🌞 The Better Letter: Beauty Will Save the World

🔥 2022 BMW M4 Competition Gets Kith Special Edition

📚 Matthew McConaughey on His Success Playbooks, the Powerful Philosophy of Greenlights, and Choosing the Paths Less Traveled

💡 The Hidden World of Failure