Always Home

By Hoda Mehr Tue, Sep 29, 2020

Hey Scoopers,

The market started the week on high notes despite lower expected GDP growth for the 4th quarter. — More on that in the “Overall Market” section.

Beyond the overall market, reaching an agreement with its pilots rallied one airline’s stock price, while FDA’s questions from a COVID-19 vaccine stock dragged the stock price. — More on that in the “What’s Up?” and “What’s Down?” sections.

Oh, by the way, Amazon will always be home, in your home. — More on that in the “Water Cooler” section.

But, first, here is a recap of what happened in the market yesterday:

Market Recap

• U.S. markets: All three indices started the week on high notes and finished Monday in the green. Scroll down to the “Overall Market” section to read more.
• Cryptocurrency: Bitcoin’s price continued to hover under the $11,000 level as analysts predict more global uncertainties may lead to lower Bitcoin prices.

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Green Arrows Despite Lower Growth Forecast

The stock market started the week on high notes, and all indices recovered from last week’s drop. It’s surprising to see the upward movements since the expected economic forecast for the next quarter is lower than expected. According to Morgan Stanly, the fourth quarter’s expected GDP growth is now 3.5%, down from 9.5% expectations before. The revision came after the low likelihood of the second stimulus cheques to boost consumer spending in the fourth quarter.

Agreements Are Good

So, what happened?

Shares of United Airlines (Ticker: UAL) were up more than 5% on Monday. The company reached an agreement with its pilots to reduce schedules without furloughing them. Lower schedules mean lower costs without the hassles of getting rid of the employees until the economy gets a chance to recover and the COVID-19 vaccine arrives.

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FDA Has A Few Questions

So, what happened?

Shares of Inovio Pharmaceuticals Inc (Ticker: INO) were down by more than 28% on Monday. The stock has been an absolute winner in the last few weeks, winning the COVID-19 vaccine race. However, the news broke that the company has to delay its planned phase 2 and 3 trial. The delay is not due to any adverse vaccine results. Instead, the FDA has a few questions that the company must respond to before moving on with its trials as planned.

Amazon Will Always Be Home

So what happened?

You can now trust Amazon (Ticker: AMZN) to be always home, in your home. The company’ Ring unit that makes doorbells with cameras just launched a drone for your home. When you are not home, you can operate the drone to look around every corner of your house for potential intruders. The line between technology enabling you to live a better life and disturbing your privacy is getting blurry with every new innovation. The question is, would our children ever have any privacy, and is privacy a thing of the past?!

Let us know if you have any feedback, question, or suggestions by emailing us at members@tradestocks.com.

Disclosure: Authors of this Scoop own shares of Amazon (Ticker: AMZN).

About the Author

The authors of this Scoop are the editorial team at Stock Card, led by Hoda Mehr. Hoda Mehr is CEO and Co-founder of Stock Card and the host of Renegade Investors podcast. She runs a community of 40,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism, and storytelling to all aspects of her work. Before starting Stock Card, Hoda worked as a strategy and insights lead at technology companies including Symantec, Aimia and Sony. Create a free account to do your stock market research easily and mistake-free: Stock Card Stock Card