Tale of the Tape

Happy Friday, folks! It’s Friday the 13th & the S&P 500 closed at its highest price ever. 2020. lol

Jay Woods left the floor on top. We wish you the best of luck! 🍻

The small-caps were strong. $IWM gained 2% and also closed at a new record.

Energy was the best sector. $XLE surged 3.7%. Reopening sectors like real estate and industrials both gained > 2%. Tech only jumped 0.8%. Rotation nation. 

COVID cases continue to climb. New York City may close schools on Monday. Be safe, y’all. 😷

DraftKings reported earnings early this morning. The stock settled at former highs. See the chart below.

Here are the closing prints:

S&P 5003,585+1.36%
Russell 20001,744+2.08%
Dow Jones29,479+1.37%

Earnings Round-Up

DraftKings reported earnings early this morning. Revenue nearly doubled year-over-year.

Here are the results:

EPS: ($0.57)
Revenue: $133M +98.5% YoY

In addition to strong sales growth, the Company raised FY2020 revenue guidance.

Jason Robins, DraftKings Co-founder, CEO, and Chairman, said:

The resumption of major sports such as the NBA, MLB and the NHL in the third quarter, as well as the start of the NFL season, generated tremendous customer engagement. In addition to our year-over-year pro forma revenue growth of 42%, DraftKings recorded an increase in monthly unique payers of 64% to over 1 million, demonstrating the effectiveness of our data-driven sales and marketing approach. Our product offerings and scalable platform provide a distinctive and personalized experience for customers across the ten states where we operate mobile sports betting today, and we look forward to entering additional jurisdictions at the earliest opportunity.

Here’s $DKNG’s Q3 highlights:

And here’s the $DKNG daily chart:

Weekly Charts

The weekly charts are complete. Here are a few longer-term charts for your viewing pleasure:

The Russell 2000 rallied to its highest close ever. $IWM settled right at former highs dating back to 2018.

Here’s the weekly chart:

Energy was up big. $XLE jumped 17%. We’ll see if we stay energized next week.

Here’s the weekly chart:

If you zoom out farther, you can see these prices were significant all the way back in 2000.

Here’s an unfinished monthly chart:

Pinduoduo popped to all-time highs. The Company reported earnings yesterday. $PDD was up 32% this week.

DoorDash IPO Filing

DoorDash filed for an IPO today

The Company will trade under ticker, $DASH. 🏃😤

The food delivery company’s revenue skyrocketed to almost $2B during the 2020 pandemic. 

DoorDash waited to file its IPO until after California’s Proposition 22

DoorDash said this about the IPO: 

Technology has changed consumer behavior and driven a wave of demand for convenience. Recent events have further accelerated these trends, pulling the future of e-commerce forward for businesses large and small. 

Gamers’ Galore

Gamers are doing great.

Video game sales exploded to $37.5B in October, jumping 14% YoY.

New game releases like FIFA 21, Watch Dogs: Legion, NHL 21, and Mario Kart Live: Home Circuit were a hit. 

The pandemic’s done wonders for the gaming industry. Just earlier this week, Microsoft and Sony released their next-gen consoles

Gamers rejoice!

The Marlins Made History

The Miami Marlins just hired the first-ever female general manager, Kim Ng. 

Kim Ng started her career with the MLB in 1991 as a White Sox special projects analyst. Ng also managed the Yankees in ‘98, eventually landing her promotion as the Dodgers’ assistant general manager in 2001.

Ng is now the highest-ranking woman in baseball and supposedly the first female GM in all U.S. men’s pro sports leagues. 

Kim Ng said this about her new big role: 

This challenge is one I don’t take lightly. When I got into this business, it seemed unlikely a woman would lead a Major League team, but I am dogged in the pursuit of my goals.

Congrats, Kim! 🥳

The Masters

So you’re saying if I can’t find it, it’s a lost ball?

Today was Round 2 at Augusta National and the tournament favorite, Bryson DeChambeau, needed another search party to find his ball in the bushes.

Rules, roasting, and meltdowns were today’s theme. Here’s ESPN with the details. 

Links That Don’t Suck

✈️ Our Work-from-Anywhere Future

🏙️ Sir David Adjaye and Aston Martin Design Five Stunning New York City Penthouses

The Big Lessons From History

📺 Behind the Scenes of the New Brad Pitt–Narrated Frank Lloyd Wright Documentary

🚀 SpaceX, NASA Ready First Commercial Taxi to Space Station

🦠 A Guide to Overcoming COVID-19 Misinformation

🤖 Which Emerging Technologies are Enterprise Companies Getting Serious About in 2020?