Hello 2021
Hey Scoopers,
The v-shaped recovery is what would 2020’s stock market be mostly remembered by. — More on that in the “Overall Market” section.
Beyond the overall market, guess which stocks were the best and worst of 2020? — More on that in the “What’s Up?” and “What’s Down?” sections.
Oh, by the way, from the list of companies announcing their earnings report this week, what are you watching? We’ve got two on our radar. — More on that in the “Water Cooler” section.
But, first, here is a recap of what happened in the market Thursday:
Market Recap
- U.S. markets: All three indices finished the last trading day of the year in the green. Scroll down to the “Overall Market” section to read more.
- Cryptocurrency: While stock market investors took a few days off, Bitcoin investors raged on. Bitcoin’s price sat above $32,000 per coin, an all-time high record that not too many people imagined it could have been achieved.
Up to 100,000 companies now using “6G”?
Jeff Brown is a tech investor known for his incredible success rate.
In fact, he’s invested in 111 different tech startups… and made money on 95.3% of them. Like Intabio, which developed a groundbreaking system to test biopharmaceuticals.
Jeff’s stake is up 900%. Or ShapeShift, which Jeff got into very early…
As of today, he estimates his investment is up 25,000%. He made 743% in three days on InfoSpace! And now, he’s just released the details on his number one tech stock for 2020.
Click here to watch this valuable presentation.
Welcome To 2021
The year 2020 finished with an iconic V-shaped recovery in the stock market price. We are now back to the same worries we wrapped last year: more than a decade of upward stock market rallies, overstretched prices, and the ever-growing importance of large technology companies dictating indices’ direction.
With that context, welcome to 2021!
More than 5000% Return
So what happened?
Shares of Bit Digital (Ticker: BTBT) were up by more than 5,389% in 2020. We looked at all the U.S.-listed stocks above $300 million in market cap and more than 10,000 in 30-day daily average trading volume. Bit Digital Inc, a company engaged in the bitcoin mining business, sat on the top of the best-performing stocks of 2020. While we would have intuitively called 2020 a year of COVID-19 vaccine stocks, Bitcoin mining took over the race in the last stretch of the year.
What was your best-performing stock of 2020?
Silicon Valley Visionary: “This Will Be the No. 1 Tech Stock of 2020.”
Jeff Brown is a tech investor known for his incredible success rate.
In fact, he’s invested in 111 different tech startups… and made money on 95.3% of them. Like Intabio, which developed a groundbreaking system to test biopharmaceuticals.
Jeff’s stake is up 900%. Or ShapeShift, which Jeff got into very early…
As of today, he estimates his investment is up 25,000%. He made 743% in three days on InfoSpace! And now, he’s just released the details on his number one tech stock for 2020.
Click here to watch this valuable presentation.
Gone To Zero
So what happened?
Shares of Apartment Investment & Management Co (Ticker: AIV) were down by more than 91.7% in 2020. This is the worst-performing stock of 2020 among the U.S.-listed companies, with a market cap of above $300 million and a 30-day trading average of more than 10,000. Of course, it is not surprising that a real estate investment and management company took the prize for the worst-performing stock in 2020.
What was your worst-performing stock of 2020?
What Are You Watching This Week?
So what happened?
The earnings reports are still coming in. This week Micron Technology (Ticker: MU) and Constellation Brands (Ticker: STZ). What are you watching?
(Source: Stockcard.io)
Among the losers, you can see big names such as Renaissance Technologies and Ray Dalio’s fund. Both firms have been tremendously successful in the past. I guess there is still room for human intuition and judgment, and you can just trust the machines.
If you have any questions, or suggestions let us know by emailing us at members@tradestocks.com. We look forward to hearing from you.