Tale of the Tape
Good evening, y’all, and happy Monday!
3 out of the 4 major indices marched higher. The Russell 2000 rallied 1.15% to close at its highest price since March 17. The Dow dropped 0.18%.
Energy was the strongest sector as $XLE inched up 0.67%. Basic materials and tech followed closely behind— both $XLB & $XLK closed at a new all-time high!!⚡Consumer staples stumbled 1.12%.
Crypto charged back with authority. $BTC.X bopped from 49,100 to 54,400 while $ETH.X reclaimed 2,500.
Tesla kicked off an electric earnings week. 🏎️ 💨 Elon’s EV maker ticked ~1.5% lower after hours. 🌌 Read more on the round-up below.
Amazon advanced 2.04% and closed at its highest price since October 13, 2020. Rumors swirled of a stock split— but only time will tell 🤷… Check out the daily chart:
Solar surged as the sun shines bright. ☀️ 💎 $TAN ticked up 1% and closed at its highest price since March 17.
The chip stocks carried higher. Semiconductor ETF $SMH hiked up 1.7%. $AMD advanced 3.2%— $NVDA nestled up 1.4%.
Meanwhile, India faces a deadly COVID spike that has the UK and US pledging aid and medical supplies. Stay safe out there, y’all. 😷 🙏
Here are the closing prints:
Earnings Round-Up 🤠
Tesla — $TSLA
Elon Musk’s pride and joy reported earnings after the close, crushing expectations on both the top and bottom lines. The EV maker also posted record-breaking revenue. 💸 🔋
Here are the numbers:
EPS: $0.93 vs $0.79 est
Revenue: $10.39B, +74% YoY
The company shared record-breaking deliveries as sales of more than 184,400 Model 3 and Model Y cars were reported. $TSLA also offered guidance on 50% delivery growth by the end of 2021. If Tesla hits that target, it will deliver a minimum of 750,000 vehicles.
Oh, and it turns out… Elon might have paper hands. 😳 💀 Tesla sold more than $1.2B worth of Bitcoin in Q1 after its ~$1.5B purchase back in February.
$TSLA is down ~1.5% after hours. Here’s the daily chart:
Tonight’s Supermoon 🔭 🌔
Grab your telescope! Tonight’s sky will feature a larger, brighter ‘supermoon’ than ever before.
Tonight’s moon will appear 7% closer and 14% brighter than normal. In fact, this is the closest ‘supermoon’ to Earth we’ve seen recently. Derrick Pitts, Chief Astronomer of the Franklin Institute, suggests:
You’ll get the biggest effect if you watch the moon as it’s rising over on the eastern horizon just after sunset… then what happens, is it looks really big.
NASA’s Gordon Johnston said:
Different publications use slightly different thresholds for deciding which full moons qualify as supermoons, but for 2021 all agree the two full moons in April and May are supermoons.
Check out CBS News for more info. Here’s the ‘supermoon’ over Bondi Beach in Sydney, Australia:
Tim and the Giant Apple Campus
Early today, Apple announced its plan to build a $1B+ North Carolina campus, employing over 3,000 tech workers in industries like software engineering and machine learning.
This foray into the East Coast is a continuation of Apple’s national expansion efforts that began with its $1B campus in Austin, Texas. The campus is expected to open in late 2021.
The location for this new (and probably breathtaking) campus will be Raleigh’s ‘Research Triangle.’ The area’s named for its 3 surrounding research institutions— Duke, North Carolina, and North Carolina State.
Apple won’t stop there, though. By 2026, the tech giant plans to employ 5,000 people in San Diego, 3,000 in LA’s Culver City, and 700 in Boulder, Colorado. 🧗♀️
Looks like Apples can grow anywhere. 😉 🌱
Reshuffling the House of Representatives
When census data is finally published each decade, the country sees its latest population trends… and the consequent reshuffling of the House of Representatives.
2020’s census data was finally published, and we have the results. Seven states will lose seats in the US House— California, Illinois, Michigan, New York, Ohio, Pennsylvania, and West Virginia.
And six states will gain seats— Colorado, Florida, Montana, North Carolina, Oregon, and Texas.
If you’re interested in population trends over the years, check out this interactive diagram from the Census Bureau!
The funny thing about these changes? If New York counted an additional 98 people, it wouldn’t have lost a Congressional seat. 😂
A Post-COVID World 🌎
Vaccines are flowing, bank accounts are stocked, and consumers are ready to spend some money. 💰 💰
North American and European economies are expected to rebound soon depending on vaccination rates— since most Western consumers saved more than usual during the pandemic, economists anticipate a post-pandemic spending boom. 🧨 💥
Moody’s Analytics estimates worldwide households saved $5.4 trillion from 2020 to 2021, although economists expect continued recession without persistent vaccination efforts. Klaus Baader at Société Generale commented:
The only path to ensuring a reopened economy is through vaccination. It’s the economies that vaccinate most quickly that are going to be top of the growth league.
Nearly 42% of Americans have received at least 1 vaccine dose. The EU just announced its decision to buy 50M new doses of Pfizer’s vaccine. And the WHO’s Covax initiative aims to supply free vaccines to low and middle-income countries with surging COVID cases.
Do the roaring 20s await us? 🤔 💃 Only time will tell…
Earnings This Week
Be sure to know when your stocks report earnings. Here’s the earnings calendar.
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