🍨 Daily Scoop: Stocks To Be Thankful For
By Mon, Dec 2, 2019
Hello Scoopers,
The stock market finished Wednesday in the green as Americans headed to open up their wallets for the holiday shopping season officially. Com’on America, the stock market investors are counting on you.
Beyond the overall market, as is the tradition here at The Daily Scoop, we gathered around the table to eat some turkey (some of us went plant-based, we must say) and discussed the stocks we were thankful for in 2019 — more on that in the “Special Edition” section.
Oh, and by the way, that’s all we’ve got today. It’s Thanksgiving. We wanted to go home early. We will back to our normal format on Monday, December 2nd. Stay tuned.
MARKETS
- U.S. markets: All three indices wrapped up the day before the day of turkey in the green. After all, it’s officially the shopping season, and the stock market loves this time of the year. More shopping, higher returns. Com’on America. Open those wallets.
- Cryptocurrency: Bitcoin’s price hovered in mid-$7,000, early afternoon on Wednesday. Who knows what’s going to happen between now and Monday? Bitcoin is traded all day, every day. Next time you read a Scoop, Bitcoin may be high in the sky or down in a dumpster. No way to know which one, until Monday.
SPECIAL EDITION
On The Lookout Today: What’s up?
Thank you … Roku, for proving that the underdogs can still win.
So, what happened?
As of November 27th, Roku (Ticker: ROKU) was up 428% year-to-date. And, we are so thankful for this stock. It’s not the first company that had grown by almost five times in less than a year. However, it is the underdog of the colossal streaming war.
When Roku was going public, one of us turned to the other one and said ten bucks that this company goes bankrupt before the end of the year.
Pfff, this is a fact, not a bet, said the other one of us.
Fast forward to March 19th, 2019. We picked up Roku at around $60 per share with a unanimous vote around the table. The underdog won the streaming war, or at least, it has left everyone else in its dust. Apple (Ticker: AAPL), Netflix (Ticker: NFLX), and The Walt Disney (Ticker: DIS) are only a few of the names that are fighting to win the streaming battles every day. It’s still possible to be an underdog and win the battle. Roku gave us hope.
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SPECIAL EDITION
On The Lookout Today: What’s down?
Thank you … Beyond Meat, for proving that there is still sanity in the stock market.
So, what happened?
Shares of Beyond Meat (Ticker: BYND) were down more than 65% on Wednesday, compared to its all-time high on July 26th, 2019.
We’ve discussed the stock at length throughout the last few months. What we are thankful for is the sanity of the stock market. For long-term investors, nothing is bothersome than seeing widespread insanity taking over the stock market. Before July 26th, we were worried. How could investors not see that Beyond Meat is not a technology company? It is driving a fascinating (arguably necessary) cultural shift in the food industry, but the excitement and enthusiasm ran way ahead of reality.
We are thankful that the stock is now back down to a reasonable level (although still expensive) to prove that the stock market is still sane.
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
