The Stock Market is Zooming

By Hoda Mehr Mon, Jun 24, 2019

If you’ve missed any of our daily scoops last week, here are the highlights:

• The Fed did not cut or hike the interest rate.
• Slack became a public company without an IPO.
• President Trump called an air strike on Iran and then called it off.
• There was good news about the U.S. and China negotiations in preparation of the G20 summit.
• Facebook launched Libra to dominate the world of cross-border transactions.

And, the stock market zoomed up a few percentages despite everything happening in the world.

What does it mean for investors?

Last week, we went through an action-packed week of major news about the economy, global trade, global politics and IPOs, and the stock market ended up higher. There were several moments during the week that the investors showed their concerns about the future by pouring more money into Bonds with short-term maturity dates, or even transferred some money into Bitcoin (some are arguing). The lesson we may take is that no one can predict the future and the direction of the market. It’s very hard (some may call it impossible) to call the direction of the market. And, despite all algorithms and tools in our disposal, the market is influenced by so many variables pulling it in all directions. The best thing to do is to stay cautiously optimistic.

Upward with a chance of downfall is the vibe that will keep us on track as we start another week.

• U.S. markets: The stock mark stayed relatively calm on Friday and finished the day slightly lower than where it started. Investors got ready to relax after a week of policy discussions, trade talks, and new public listings among other major political news and conversations. Scroll down to the OVERALL MARKET section to read more about what happened. Tip: Scroll down to the Overall Market section to learn why. 
• Bonds: The world most wanted and traded cryptocurrency has recovered 40% of the value loss it had experienced at the end of December of 2018, and it is now eyeing the $10,000 per coin price tag. Some analysts attribute the growth to investors’ hedge against the stock market volatility and their appetite to grow wealth outside the stock market.

Tech insiders are holding their breath for what’s about to be revealed… 

“….A prediction that could mean the end for market giants like Google, Facebook, Amazon and more…

…And it has the potential to make early adopters as much as $1,000,000.

Click here for all of the details. 

A good week of growth for the stock market, at least by the numbers. 

What happened on Friday?

While Friday was a relatively calm day for the U.S. stock market, the week brought at least 2% growth to all major U.S. market indices. The Dow, for example, is now up for its best June in the last 80 years. And, the main driver of growth was higher Oil prices amidst the back and forth between the U.S. and Iran. The stock market was also boosted slightly by the progress on the U.S. and China trade talks in preparation of the upcoming G20 summit. While the interest rate cut that was expected did not happen, the investors haven’t excluded the possibility of a rate cut in the next Fed meeting. Those are some of the reasons that the stock market in the U.S. ended up with a few percentages higher than where it started last week.

Now, what?

We are getting ready for another week of news that may impact the stock market returns and investors’ expectation about the near-term future. G2 Summit in Osaka, Japan kicks off on Friday 28th, and the U.S.-Iran political push and pull will continue. Stay tuned, consciously upward with a chance of downfall!

The sunglasses empire is back. 

When it comes to sunglasses, you never think of a world-dominating empire. Do you? Well, when you go sunglasses shopping – whether buying a pair of Ray-Ban or Oakley, or any other major brands for that matter – you have so many options to choose from, but in the end, the profit will all end up in the pockets of one true empire, the sunglasses empire, better known as Essilorluxottica (Ticker: ESLOF). The stock has had a few consecutive months of declining share price as the result of leadership disagreements between the chairman and dominant shareholder Leonardo del Vecchio and his deputy. But shares of the Italian behemoth was up almost 10% on Friday as the hostilities are coming to an end and the stock market investors are reminded of the fact that monopolies and empires are making for good investments, especially the ones that almost own the market.

Mix real estate and cannabis, and it doesn’t get hotter than that. 

Shares of cannabis real-estate investor, Innovative Industrial Properties Inc (Ticker: IIPR) fell more than 12% on Friday. The company has been one of the hottest stocks in the cannabis industry. The stock grew more than 60% in June 2019. And, it just announced two new real-estate deals with cannabis producers. It looks like investors are just selling the stock to lock the gain and that’s what dragged the stock price down on Friday.

Adam Sandler is da king.

So, what happened? 

Netflix (Ticker: NFLX) announced the movie Murder Mystery staring the duo, Adam Sandler and Jenniffer Aniston, broke the highest opening weekend viewing record ever on Netflix. You may expect such things from the friendly next door neighbor girl – Rachel (ahem, Jennifer) but, people all around the Internet are wondering who likes Adam Sandler?

Back in 2017, Netflix shocked the world of entertainment and streaming with the news that Adam Sandler is a true king in the streaming-land. The company’s subscribers watched half of a billion hours of Adam Sandler content. Isn’t he da king?

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