The Weekend RIP: Unicorn Week 🦄

Tale of the Tape

Good evening, folks. We’ve got another wild week ahead. 

Two unicorns are set to IPO and a handful of companies will report earnings.

Chewy and MongoDB are slated for Tuesday. Adobe and RH (Restoration Hardware) should report on Wednesday. Oracle, Costco and Lululemon will close out the week on Thursday. Will we see more earnings gaps? Time will tell. 

The U.S. set a new daily high in covid cases on Friday, more than 225K cases were reported. Here’s a chart from the Wall Street Journal:

Stay safe, y’all. 😷 

The S&P 500 closed at another new all time weekly high. How bout that. Here’s the weekly S&P 500 chart:

S&P 5003,699+1.67%
Russell 20001,892+2.00%
Dow Jones30,218+1.03%
Weekly Percent Changes

Unicorn Week 🦄

It’s unicorn week on Wall Street. DoorDash is expected to trade on Wednesday, December 9. AirBnb should arrive on Thursday, December 10. 

Where will the stocks open? Nobody knows. We’ll wait and see how the first trading day goes but the Street is sizzling with hype. 

Will $DASH dart higher? Place your bets…

Here’s Renaissance Capital with more info.

It’s A Small World

Small caps have soared since the beginning of November. The Russell 2000 is up 23% since October 30. It’s a small world. 😉

Here’s the daily chart:

And the weekly:

The Russell 2000 has rallied for 5 consecutive weeks. Can the small caps go 6 straight? Place your bets… 

Sunday Links:

🔏 Sunday Reads: Lockdowns, Innovation, and Businesses

💹 CWS Market Review – December 4, 2020

🌞 Aptera Taking Orders for EV That It Claims Never Needs Charging

🌱 NBA Officially Suspends Random Marijuana Testing for 2020-21 Season

🇯🇵 Japan’s Asteroid Odyssey: 3 Billion Miles for a Pinch of Dust

🚁 Drones Are Poised to Reshape Home Design

⌂ Dezeen’s Top 10 Cabins of 2020

The Week Ahead

And now a brief and well-organized look ahead at the trading week beginning Monday, December 7th, 2020:

Economic Calendar:

  • 12/10  November Consumer Price Index (8:30 AM ET)
  • 12/11  November Producer Price Index (8:30 AM ET)

Here’s the full Economic Calendar provided by Briefing

Earnings Calendar:

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