Was That The Best Month Ever?

Tale of the Tape

Good evening, folks. November is over! 

Every major index finished the day lower, but the Dow Jones had its best month since January 1987. See the monthly charts below.

Tech and healthcare were the only sectors to finish positive. Financials fell 2% while energy lagged 5.5%.

It’s 2020, y’all. 🤷

Moderna marched higher. $MRNA is up over 55% the last 3 days. See more on Moderna below.

GM will no longer take an equity stake in Nikola. $NKLA tumbled 27%. Oopsy – daisy!

Zoom zoomed lower on earnings after hours. See the earnings review below.

MongoDB, Roku, and Qorvo all closed at an all-time high. 

And one more thing…  Janet joined Twitter. 🙏 😂

Here are the closing prints: 

S&P 5003,621-0.46%
Russell 20001,819-1.91%
Dow Jones29,638-0.91%

Moderna Marched On

Today, Moderna asked the FDA for Emergency Use Authorization for its COVID-19 vaccine.

The pharmaceutical company also released its Phase 3 efficacy analysis, which shows 94.1% general efficacy against the virus. 🙌

Moderna could be on track to begin distribution by the end of December. Vaccinations will probably not be available to the general public until spring or summer, though.  

The American drug company also announced an agreement to supply the UK with 2 million additional vaccine doses. 

Moderna CEO Stéphane Bancel said: 

We appreciate the collaboration with the UK government as with many other governments and other key partners around the world. For almost a decade, Moderna has invested in creating and developing a novel platform for designing and manufacturing a new class of mRNA-based vaccines. We are proud of the progress on mRNA-1273 we have made to date including the positive interim analysis from our Phase 3 COVE study.

$MRNA is up 680% YTD. Here’s the daily chart:

Monthly Charts

November was nuts. Stocks were hot. Check out these monthly charts:

November was the 5th best month for the S&P 500 since January 1987.  

Here’s the monthly chart going back to the early 90s:

Small-caps soared 18.29%. It was the best month ever for the Russell 2000.

Here’s the monthly chart:

Bitcoin bopped 40% this month. We’re still waiting to see if $BTC.X will break 20K. Place your bets…

Here’s the monthly chart:

The global stock ETF had its second best month ever. $ACWI rallied 11.76%. 🌎

Here’s the monthly chart:

JP Morgan, the largest bank in the United States, jumped 20% in November and had its best month since the global financial crisis. Here’s the monthly chart:

Zoom Earnings 

Zoom Video Communications reported Q3 earnings after the close. The Company has roughly 433,700 customers with more than 10 employees. 👀

Here are the results:

EPS: $0.99 vs $0.76 est.
Revenue: $777.2M +367% YoY

Zoom Founder and CEO Eric Yuan said:

Strong demand and execution led to revenue growth of 367% year-over-year with solid growth in non-GAAP operating income and cash flow in our third fiscal quarter. We expect to strengthen our market position as we finish the fiscal year with an increased total revenue outlook of approximately $2.575 billion to $2.580 billion for fiscal year 2021, or approximately 314% increase year-over-year.

$ZM was down 4.5% after hours.

DraftKings X Detroit Pistons 

DraftKings is now the Detroit Pistons’ Official Daily Fantasy Sports Partner. 

The team will have access to Pistons trademarks, logos, and courtside branding. DraftKings’ Chief Business Officer, Ezra Kucharz, said:

As our first professional team activation in the state of Michigan, we are thrilled to join forces with the Detroit Pistons ahead of our pending market introduction. This deal deepens our relationship with a prominent local team to facilitate more immersive fan experiences, both for Michiganders familiar with regulated gaming products as well as newcomers to the space.

Read the official press release here.

$DKNG is up 389% YTD. Here’s the daily chart:

🌌 Stocktwits After Hours

Tonight on After Hours:

Vaccine Updates: Moderna Marched 20%
Will Certain Chinese Companies Be Forced to De-List?
What Are GM and Nikola Actually Working On?

Listen here: Spotify | Apple | Google

Earnings This Week

Be sure to know when your stocks report earnings. Here’s the earnings calendar.

Links That Don’t Suck

🤘 PATHFINDER – Life Beyond Fear

👔 Facebook Nears Purchase of Startup Valued at $1 Billion – WSJ

💸 S&P Global and IHS Markit to Merge in All-Stock Transaction Valuing IHS Markit at $44B 

🛍 Cyber Monday Set to Be Biggest Online Shopping Day in U.S. History

❓Is Robinhood Good For Investors?

🏀 Investments By Day, Training NBA Players By Night: The Insanely Busy Life of Dylan Kremer