🍨 Daily Scoop: Investors lost some excitement

By Hoda Mehr Wed, Jul 17, 2019

What you need to know?

The U.S. economy is doing fine; one can interpret from Tuesday’s report by the U.S. Department of Commerce. Retail sales were strong in June, and manufacturing output increased. Consequently, forecasting firm Macroeconomic Advisors raised its GDP growth forecast to 2.1%.

What does it mean for investors?

It’s not all said and done yet. Global trade challenges are still threatening, and that might be enough for the Feds to gift the stock market investors a friendly rate cut. No one knows! But, the economy is just chugging along, and counterintuitively, breaking investors’ heart who lost a bit of excitement on Tuesday about the possibility of an interest rate cut.

• U.S. markets: All-around red signs have replaced all-around green arrows. All major stock market indices finished Tuesday lower than where they started the day and the week for that matter. Scroll to the Overall Market section to read more about what happened.
• Cryptocurrency: OMG, Bitcoin price is now hovering around $9,000 per coin. Remember, when it was hitting $14,000 per coin? It was just last week. Investors are blaming President Trump and Secretary Mnuchin for their unfavorable remarks about Bitcoin and Cryptocurrencies.

Watch Newt Gingrich Destroy Liberal Agenda (Shocking Footage) 

If you hate socialism… and love making money…

You owe it to yourself to take a few minutes and watch exactly how Jason did it.

You need to see this…Click Here >>

Red, red, and redder? 

What happened on Tuesday?

After a streak of green days, the Dow, the Nasdaq, and the S&P 500 indices said their goodbyes to the green arrows and finished Tuesday in the red zone.

Now What?

Don’t you rush selling your stocks and hide your money under your mattress. The stock market just hit all-time high records on Monday. Let the market breathe a second, and you breathe with it.

The decline is coming after a better-than-expected retail sales data in the U.S. on Tuesday. That interest rate cut everyone was hoping for may not come after all. If Chairman Powell is looking at the same report as we are, the rate cut is not warranted. And, that’s most likely what has caused the market to hit on breaks for a day. It’s just a day. Wait to see what will happen to investors’ sentiment in the coming days.

A brain for your TV. 

Shares of ROKU (Ticker: ROKU) were up more than 7% on Tuesday. The stock price growth came after Amazon announced that Roku’s sales had been nothing but amazing during Prime Days. It’s hard to imagine that just a few quarters ago, most investors were making fun of ROKU. At the time, investors were comparing the company with Apple TV and Amazon Fire. But Roku has surprised everyone. The company is making TVs smarter and becoming the advertising platform and operating system of TV devices.

The underdog is winning the market.

Delivery is the Achilles’ heel of the king of Pizza. 

Shares of the king of pizza, Domino’s (Ticker: DPZ), were down another 8.5%, after more than 4% decline on Monday.

While global retail sales were up more than 5%, the growth rate was lower than last year’s comparable figures. The company opened 42 net US stores, and 185 net new stores internationally. Everything included, the company’s net revenue was up more than 19.3% over the prior-year quarter. That’s good. No?

Overall, analysts were expecting higher revenue growth rate, and they do not agree with the company’s delivery strategy. And, that has sent the stock down from its glory. It makes sense to remember that the company’s performance is still a dream for many other retailers. However, investors happen to expect higher growth rates from the king of pizza.

Let’s clone them and make more money. 

A startup company, Genies, has a new service offering that takes us into a time machine and way out into the future. The company creates a digital clone of celebrities and the damages their online clone to make them double the money they are making now.

Think about it! Kardashians can do live product endorsement walking on Instagram, while their clone appears on YouTube. As if these people need more money.

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