Welcome to our first issue…
By Thu, May 2, 2019
Good Morning. Welcome to the very first issue of The Daily Scoop. This is a 100% free newsletter geared to helping you start off your trading day right.
Today. May is off to a STRONG start! The old adage of “Sell in May and Go Away” doesn’t not seem to apply this year. The stock market is enjoying its best year in decades and it appears there is no slowing this bull down.
The Fed feeds the Bull. Jerome Powell and his buddies voted unanimously to keep interest rates the same. They seem to be feeling more upbeat about the economy after a slow start early 2019.
MARKETS
- Fed: Dollar falls to 1 ½-Week low after the Fed leaves interest rates unchanged.
- U.S. Markets: Earnings are generally strong which could spur even higher highs in May
TECH
$225.4 BILLION HOARDED IN CASH
Apple, Inc (APPL) now has over $225.4 billion in cash reserves. It is one of the most cash rich companies in the world.
According to its Q2 earnings report, Apple is near it’s all time high in cash reserves. Last quarter that number was slightly higher at $245 Billion.
Cash rich Tim, has aggressive expansion plans that will require putting some of that money to work.
MARIJUANA STOCKS
Cannabis and marijuana stocks are exciting industry right now. According to Cowen & Co’s Viven Azer – a pioneer in cannabis-stock analysis – U.S. marijuna sales are set to reach about $80 Billion by 2030.
The problem for most investors is not getting their hands on pot, but rather finding the right stocks to invest their hard earned dollars into. It’s still early, and by a lot of standards it’s still the wild wild west out there for investors.
Here are 5 stocks worth watching:
- Corbus Pharmaceuticals (CRBP)
- GW Pharmaceuticals (GWPH)
- Zynerba Pharmaceuticals (ZYNE)
- Aurora Cannabis (ACB)
- Constellation Brands (STZ)
ECONOMY
U.S AND CHINA… LOVE STORY OR ENEMIES?
There seems to be a light at the end of the tunnel. Negotiators made some headway on some bitter issues in the U.S.-China trade dispute. Here is what you need to need to know:
- We’ve seem to progress on access to key markets and how to roll back punitive tariffs.
- China still seems reluctant on subsidies and other sticking points holding up a possible deal.
- Getting a deal done (Realistically) may mean agreeing to terms that are less encompassing than what the U.S. originally desired.
DO YOU LIKE IT OR HATE IT?
We hope you’ve enjoyed our first issue of The Daily Scoop! We are just getting started and hope this is your go-to morning read for all things trading and investing. To make this happen we want to hear from you!
So if you have ideas on topics we should cover than please respond to this email with your thoughts. Our editors are waiting to find out if you think they suck… or if they get to keep their jobs 😉 So let us know what you think!
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
