Impartial Markets

By Hoda Mehr Thu, Jun 4, 2020

Hey Scoopers,

Regardless of the social unrest, the stock market continued its upward movement. — More on that in the “Overall Market” section.

Beyond the overall market, a not-so-winner aircraft manufacturer has been announced the winner stock of the month, while video-game companies put social justice ahead of their business priorities. — More on that in the “What’s Up?” and “What’s Down?” sections.

Oh, by the way, we found a picture that can show you quite a few interesting candidates to add to your watchlists. — 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 continued to hover in the green territory on Wednesday. Scroll down to the “Overall Market” section to read more.
• Cryptocurrency: Bitcoin’s price continued to hover under the $10,000 mark for the second day in a row.

Free Training: 60-Minutes to Trading Freedom

Would you like to make more money in one hour of fun trading than working all day at a job?

Then check this out…

Click here to reserve one of the limited spots!

The Market is Impartial To Social Unrest

Historically, the stock market has stayed impartial to social unrest, and it seems this time is no different. All three indices climbed up for one more dare.

Who Is The Winner?

So, what happened?

Shares of Boeing (Ticker: BA) were up more than 16% on Wednesday. The company just got a fresh leasing order for 12 new aircrafts from the all-powerful Amazon.com (Ticker: AMZN). These are cargo planes that Amazon.com needs to deliver the stuff customers order from coast to coast. While investors celebrated the news by sending Boeing’s stock up, the success is more of a testament to Amazon.com’s domination across a variety of industries. Who is the real winner here, Boeing or Amazon?

Moreover, the stock price jump came after the news that an investment fund, Third Point Offshore Fund, Ltd, had chosen Boeing as the winner of the month. But, later, it became clear that the fund’s position wasn’t in the company’s equities, preferably in the company’s newly issued bonds.

A free retirement strategy you MUST see

Want to learn how to retire rich with just 3 stocks?

Get the names and tickers of the 3 stocks you need to get started.

Just click here.

Social Priorities Over Business Priorities

So, what happened?

Shares of Activision Blizzard (Ticker: ATVI) were down more than 4% on Wednesday. The stock price decline wasn’t specific to ATVI. Across the board, most video game makers announced delays in their future releases in response to the social unrest in the U.S. Companies from all backgrounds and industries are sharing their support for America’s demand for justice and social equality; as a result, companies are delaying their product releases to avoid distraction from what matters to the future of America. Social priorities are taking business priority, at least that’s what the company’s Twitter account says.

COVID-19 Lay-Offs In One Chart

So what happened here?

The COVID-19 pandemic impact has already crept into several companies’ operations, especially among startups. Many such publicly-traded or private startups have been forced to lay off their employees to save cash and extend their lives for a few more months. The picture below shows the relative magnitude of lay-offs across some of the most prominent startups. We are happy we don’t own any of them in our portfolios, but we are also thinking of a few of them as potential candidates to add to our portfolios, now that they are available to invest in better prices.

(Source: Visual Capitalist)

Which ones are on your watchlist?

Send us your thoughts, questions, and ideas. We read all of our emails. Our email address is members@tradestocks.com.

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