Order More Fries
By Tue, May 5, 2020
Hey Scoopers,
The hopes for reopening the economy pushed the market into the green zone. — More on that in the “Overall Market” section.
Beyond the overall market, online learning is on the boom, while burgers and bacon are busts. — More on that in the “What’s Up?” and “What’s Down?” sections.
Oh, by the way, you may be able to save a few farmers one fries at a time. — 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 a high note. Scroll down to the “Overall Market” section to read more.
- Cryptocurrency: Bitcoin’s price continued to move upward, and is now almost reaching the $9,000 mark.
Financial pandemic 2020
The Crash of 2020 is here, and it’s happening more quickly than virtually any crash in history.
Consider this: The coronavirus outbreak started in December of 2019. By March 2020, more than 110,000 people in 60 countries were infected.
Reopening Hopes
The stock market indices gained some of the losses they incurred last Friday, and all three ended Monday in the green. The recovery was mostly due to more than 3% gain by the Energy sector and almost a 1% gain by the Technology and the Consumer Cyclical sectors. The Dow futures also surged in the after-hours trading on Monday evening. It looks like investors are getting ready for the reopening of the economy, and things are going back to normal.
What is worrisome is that the reopening hope is growing at the same time as the number of daily deaths from COVID-19 is going up too. This means the market would be shocked if there is a need for a tighter or lengthier reopening process. Hope and excitement typically end with significant fluctuations in the market.
Online Learning As The New Norm
So, what happened?
Shares of Chegg (Ticker: CHGG) were up more than 20% on Monday. The company “specializes in textbook rentals, course assistance, and online tutoring,” and just announced its quarterly earnings report on Monday. It’s not surprising to see that the company has outperformed the expectations. Revenue, the number of subscribers, and the expected outlook for Q2 2020 were all up, and the stock price is reflecting the excitement for the online-education-as-normal era.
Bill O’Reilly’s Stunning Money Revelation
At the height of his hit TV show, Bill O’Reilly was reportedly making a staggering $37 million a year.
But today, something incredible has happened to his wealth.
For the first time publicly, Bill comes clean about it in this video.
This ought to get interesting…
Don’t Mess With Our Burgers And Bacon.
So, what happened?
Shares of Tyson Foods (Ticker: TSN) were down more than 72% on Monday. The company is the largest U.S. producer of processed chicken and beef, and is dealing with plant-shut-down crisis induced by the COVID-19 pandemic. The company said that the demand for meat stays strong. However, it may not be able to keep producing and meeting the demand due to the COVID-19 risk to its employees and product. Investors are scared that the U.S. may be facing meat, bacon, and burger shortage sometime soon, if this plant shutdowns continue.
Save The Farmers, One Fry At A Time.
So what happened here?
Canadian potato farmers want you to order french fries. A lot of it, please.
Restaurants are shut down, and people don’t go to bars and restaurants anymore, and what gets forgotten really fast is the good old crispy fries we all used to order on the side. And, now we don’t.
The types of potatoes that restaurants order to make fries are different from the kinds you buy at your grocery store. That’s why if you buy more potatoes from your grocery stores that won’t solve the problem. So, if you want to help potato farmers of Canada order fries from your local restaurants. They may get soggy by the time they arrive, but you help the farmers one fries at a time.
If you have any potato-related comments, email us at members@tradestocks.com, and share your thoughts, questions, and ideas.
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
