Tale of the Tape
Good evening, folks. Only one more day until Friday, and a 3-day weekend that lies ahead! 🥳
The market of stocks was pretty mellow. Every major index closed within +/- 0.5%. The S&P 500 and Nasdaq both maintained their previous day’s range. Where will the market break next? Place your bets…
Tech cruised to an all-time high. Energy dropped 1.54%, but bounced back from its -3.33% intraday low.
Semiconductor stocks popped. 🍿 The PHLX Semiconductor Sector Index $SOX soared 3.45% and closed at a new all-time high. Nvidia marched to new highs. The stock is now up 12.21% on the week. Here’s the daily chart:
Social stocks stayed hot. The social media ETF extended its winning streak to 9 straight. 👀 Can $SOCL extend the streak to double-digits?? Time will tell…
Pot stocks got pummeled— perhaps self-medication can help ease the pain? 🤷♂️ 🌿
Here are the closing prints:
Love is in the Air ❤️
Bumble and Nasdaq are a match made in heaven. 😇
The Blackstone-backed dating app had its market debut today, and $BMBL shares flew 76% above the company’s $43 IPO price.
Looks like the people are looking for love this Valentine’s Day. 😉 😍
Bumble is thriving during the pandemic with more and more users seeking meaningful relationships… virtually. Not only that, the company’s ‘women make the first move’ schtick boosted its number of active users to 40M. $BMBL CEO Whitney Wolfe Herd commented:
People are building meaningful relationships digitally first, and then the physical follows. This is a really phenomenal shift toward safety and engineering more accountable experiences.
The dating app made $376.6M during the pandemic. With the expected $2.2B from its IPO, the company plans to expand its global presence.
Disney had itself a magical quarter, with investors saying “This is the way.” ✨
The media giant didn’t just record a second straight quarter of profit (despite Wall Street’s loss estimates). $DIS also managed to add 21M new subscribers to its streaming service, bringing its total to 94.9M.
Check out the numbers here:
EPS: $0.32 vs $-0.45 est
Rev: $16.25B, -22.16% YoY
Disney CEO Bob Chapek shared:
We believe the strategic actions we’re taking to transform our Company will fuel our growth and enhance shareholder value, as demonstrated by the incredible strides we’ve made in our DTC business, reaching more than 146 million total paid subscriptions across our streaming services at the end of the quarter. We’re confident that, with our robust pipeline of exceptional, high-quality content and the upcoming launch of our new Star-branded international general entertainment offering, we are well-positioned to achieve even greater success going forward.
DataDog dropped ~3.5% after hours. The company beat expectations, but disappointing guidance led the stock lower.
Read the press release here:
EPS: $0.06 vs $0.02
Rev: $178M, +56% YoY
Cloudflare cleared earnings estimates, but the company also failed to deliver on guidance.
Here are the numbers:
EPS: $-0.02 vs $-0.04
Rev: $125.9M, +50% YoY
$NET was down ~6.5% after hours.
Biden the Builder
Can he build it?
Yes he can We’ll see!
Earlier today, President Biden made a promise to both sides of the aisle that he’d work to modernize US infrastructure… we desperately need it. 😬
According to a recent study, more than 1/3 of all roads and bridges need “repair, replacement or significant rehabilitation.” RIP.
This is also part of Biden’s larger plan to work on Congressional unity by focusing on bipartisan issues (after passing the stimulus bill). Before the meeting, Biden said:
There are not many Republican or Democratic roads and bridges… I really, honest to God, never have thought of infrastructure as being a partisan issue.
If you’ve got some potholes near your house, keep your fingers crossed. 🤞🙏
Poshmark For Pets 🐶 🐱
Poshmark announced its ‘Pets category’ launch to aid millions of pet owners looking for a simple, sustainable way to shop and sell. 🐶 🐱 ♻️
$POSH’s Pets will include new and secondhand pet accessories, supplies, toys, and other essentials for dogs, cats, fish, reptiles, and other pets. Customers can expect budget-friendly items in Poshmark’s P2P marketplace.
Tracy Sun, co-founder of new markets at Poshmark, said:
Many members of the Poshmark community are proud pet owners, myself included, and it’s important that our social marketplace addresses the needs of the entire family. We’re excited to offer pet owners a fun and social way to shop, sell and connect in a way that builds community, considers personal styles and budgets, and drives sustainability.
$POSH popped 10% as it attempts a U-turn on its daily chart. Take a peek:
Girl$ Just Wanna Have Funds
Do you want to start budgeting and don’t know how? How about all those unused subscriptions you still get charged for? Or how in the world do you check your credit score?!
Stocktwits presents Girl$ Just Wanna Have Funds, a podcast hosted by HMBradly’s VP of Finance, Saira Rahman, and co-hosted by her partner in crime, Megan McShane. The duo will break down the intimidating world of finance… and actually make it fun! 🤪 Go ahead and give it a listen!
Oh, and a PSA: you do not have to be a girl to be interested. Everyone benefits from budgeting. 💁 💁♂️
Earnings This Week
Be sure to know when your stocks report earnings. Here’s the earnings calendar.
Links That Don’t Suck
❤️ Valentine’s Day Special: Show your portfolio some love with 2 months of IBD Digital + Print for only $14*
🌌 Stocktwits After Hours: Shortages Spur Strength In Semis
🏡 Remote Workers Spur an Affordable Housing Crunch in Montana
🗽 Gotham Gal Joanne Wilson Discusses How She’s Investing in New York’s Next Big Industries
💰 Bitcoin to Come to America’s Oldest Bank, BNY Mellon
⛸️ Dutch Speed Skaters Waited 24 Years for Canals to Freeze. Then the Pandemic Froze Their Dream Race.
🎨 Digital Art
🌵 Frank Sinatra’s Desert Hideaway Is Back on the Market