Last week's lightning-round - Trade Stocks

Last week’s lightning-round

By Mon, Dec 30, 2019

Hey Scoopers,

We are back with another lightning-round edition of The Daily Scoop. The week of Christmas was mostly quiet and calm. Except that on the first day after Christmas, the stock market moved up enough for the Nasdaq to hit a new all-time high (Read More).

Oh, and by the way, beyond the overall stock market, Elon Musk gave NASA a figurative heart-attack — more on that in the “Water Cooler” section.

As always, don’t forget to scroll down to read more about what happened in the stock market last week.

Market Recap

    • U.S. markets: All three indices remained relatively flat on the last Friday of 2019. Scroll to the “Overall Market” section to read more.
    • Cryptocurrency: Bitcoin’s price finished the week above the $7,000 market.

We’ve been discussing the stocks we are adding to our 2020 watchlist since the day after Christmas. And, we’ve been looking forward to hearing from our fellow Scoopers about the companies on your radar. Thank you, Fernando C. and Agneta C. for sharing your thoughts and ideas.

Fernando, we used Google Translate to read your message. Hopefully, we go it right? Good idea to monitor small capitalization companies with more than 20% in profit growth. We will be including some of those stocks in our future watchlist and will let you know.

Agneta, Charlottes Web (Ticker: CWEB.TO) is a company on our radar too. It’s been on a steady decline, just like most other cannabis stocks. However, the company’s focus on hemp-based cannabidiol wellness products makes it an interesting stock to watch. It’s also a profitable cannabis stock that is rare to come across— a good one to monitor in 2020.

For the rest of you, our fellow Scooper, our email is members@tradestocks.com. Send us your questions, ideas, and feedback. And, most importantly, tell us about the stocks you are watching for 2020.

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The “everything up” decade

What happened last week?

The last Friday of 2019 turned to be a chill day in the stock market. Although the primary indices didn’t agree on the direction, none of them moved significantly in either direction. Despite a calm Friday, we are only one more business day away from officially closing the best ever decade in the history of the stock market without a recession.

What makes it so special?

What makes this bull market decade so special is that all assets moved up together. Typically, equities, bonds, and gold move in different directions. But they didn’t do so in this decade. That’s why you read so many articles and opinion pieces that are predicting that a recession is upon us. Investors and experts are interpreting this “everything up” situation as a sign of irrational exuberance and call for a recession.

The reality is that this is uncharted waters. For example, we have never seen sustained negative interest rates, as we observed in 2019. Neither, we have ever seen the rise of titans such as Amazon (Ticker: AMZN) that are single-handedly moving the markets without being restricted to the traditional geographical or capital requirements that the old titans used to be bound by.

One thing for sure, as stock market investors, we are so excited that we are getting a chance to experience the phenomenon of “everything up.” Chin up, cheer up, fellow investors. This is a decade truly worth celebrating when that New Year’s bell rings.

Elon gave NASA a heart-attack.

The other day (Read More), We told you about the birth of the space tourism industry when Virgin Galactic merged with an already public special purpose company to go public. The space travel and tourism are among the sectors we are watching for 2019. However, when we told you about it, we didn’t think that space journeys can start as soon as a few months. Apparently, Elon Musk disagrees.

Among many hats that Elon wears is the hat of being the CEO of Space Exploration (SpaceX) company. SpaceX is busy building a space shuttle known at Starship to fly people to the moon and Mars. In a tweet, Elon claimed that the first flight is only a few months away. In response to which NASA executives had a collective figurative heart attack. After a few media announcements, Elon took his promise back and explained announcements such as his tweet is how the company keeps things interesting like that.

Well, good thing SpaceX is not Tesla (Ticker: TSLA). Otherwise, we would have seen some short-sellers recovering from their bunkers. As much as we admire Elon for his interesting management style, we don’t want anything to disturb Tesla’s beautiful run-up t the sky-high. Keep your tweets limited to your other ventures, Elon, and leave Tesla alone.

Disclosure: Authors of this Scoop own shares of Tesla (Ticker: TSLA).

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