500 point drop…
By Wed, May 8, 2019
Happy Hammer Day. The hammer was dropped by Trump yesterday as he decided to play hardball with China. His power move stressed investors who are worried this could ignite a trade war. With a 438 point drop, the markets had their worst day since January.
Be Optimistic. Some of the smartest guys in the room are saying we should stay ‘shrug’ off Trump’s decision. The market is white hot and this pull back could be good for the bulls who are looking to buy more on the dips.
Is the Lyft IPO a Joke? As one of the worst performing major IPOs in modern history, Lyft is adding insult to injury by taking away crucial information to investors stating it was for their own good. Do you agree?
MARKETS
- Crypto: Bitcoin is up nearly 3% on and is continuing its uptrend as rumor of a $100 million investment emerges.
- U.S. Markets: Stocks are cooling off on bad news regarding the possible trade war with China. With the second consecutive down day buyers are the side lines might get an opportunity to buy if prices continue to fall.
ELECTION
COLORADO VOTES TO LEGALIZE SHROOMS
First weed, now shrooms. Colorado is a pretty progressive state and could be the first state in the U.S. to legalize the use of psychedelic drugs by legalizing shrooms.
Decriminalizing the use of Mushroom could result in a domino effect in our union and would overturn harsh sentences on drug users and save money on jailing offenders as well as bring in additional revenue. Do think this is a good or bad idea?
To see the results click here.
SPONSORSHIP MESSAGE FROM JAMES ALTUCHER
This investment is making my venture capitalist friends FILTHY rich
Today I’m going to talk about a company in Pittsburgh that is making some of my investor friends FILTHY rich.
Early Twitter backer Chris Sacca has already seen his investment grow 933,233% to $2.8 billion.
Bill Gurley, the TechCrunch VC of the Year, is sitting on a position worth $7 billion after his investment soared 58,233%.
Another friend (who I cannot name publicly, but you will definitely know who he is) has seen his $25,000 investment explode to almost $60 million.
I’ve made a private video about the company (please DO NOT share) and in it, I’ve explained how you could benefit from its incredible growth alongside these VCs.
Click here to watch my video.
Regards,
James Altucher
Choose Yourself Media
HOT IPOS
Beyond Meat (BYND) shares soar to 240% after IPO. This stunning rally shows no signs of slowing down. Vegan Founded BYND in 2009 raising a quarter of a billion dollars last week to grow its line of plant based meats.
The big reason for the massive surge in share price is that Beyond Meat is really the on pure-play in the vegan space and is expected to land some major restaurants like Mcdonalds (MCD).
Here are 5 IPOs worth watching:
ECONOMY
CHINA DEFAULTS ON PACE TO TRIPLE FROM ALL TIME HIGHS OF 2018
China has defaulted on over $5.8 billion of nearly $13 trillion of its domestic bonds in the first 4 months of 2019. This is outpacing 2016 and 2018 and is likely to set a new all-time high.
What does mean for their economy?
The government is forcing banks to open up more private lending to businesses. This is a movement first seen in 2017 and now is continuing a more rapid rate. The hope that more.
WATER COOLER
Starbucks (SBUX) shares haven’t rallied off the HBO’s glaring mistake in the latest episode of Game of Thrones. A kean fan noticed the cup in a scene and the post has since gone viral. It is estimated that the exposure is worth at least $1million in free publicity.
The show eventually responded to the cup controversy on Monday night through the official “Game of Thrones” Twitter account, joking that the latte was a “mistake” because Daenerys “had ordered an herbal tea.”
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
