🍨 Daily Scoop: Last week's lightning-round - Trade Stocks
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🍨 Daily Scoop: Last week’s lightning-round

By Mon, Sep 9, 2019

What you need to know?

Hey Scoopers,

The first week of September was super unusual. We shared a 3-part market-crusher series and introduced you to three companies that have grown 500%, 400%, and 200% respectively, despite the doom and gloom in the overall market.

First up, we talked about Enphase Energy (Ticker: ENPH), with more than 500% year-to-date growth. The company combines solar power and solar energy storage units and makes the management of residential solar power as easy as one can imagine. Read more here.

Then, came Roku (Ticker: ROKU). The company was once an underdog with almost no one believing that it can be a standalone company in a few years. However, the underdog has managed to surprise everyone by around 400% year-to-date growth. The company is becoming the operating system of smart TVs and TV advertising. Read more here.

Then, came Snap (Ticker: SNAP). It was once the laughing stock of investor communities. Does Snap want to be a camera company?! Peff! However, a new leadership team, focus on advertising tools, and creating engaging original content, backed by augmented reality technology are doing their magic. The stock is up almost 200% in 2019. Read more here.

Lastly, the overall stock market didn’t have a bad week, either. As friendly phone conversations replaced the tit-for-tat tariff quarrels, investors didn’t care much about anything else. The overall stock market finished the week higher than where it started on Tuesday, after the Labor Day Weekend.

Don’t forget to scroll to the “Economy” and the “Shout-Out” sections.

MARKETS

  • U.S. markets: The stock market ended Friday almost flat, and major indices ended up only slightly higher or lower. Scroll to the Overall Market section to learn more.
  • Cryptocurrency: Bitcoin’s price continued to hover around $10,000 per. Rumor has it that Facebook was initially interested in using Bitcoin as its main currency. But due to Bitcoin’s unstable nature, it had to fall back on to plan B, and create Libra.

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SHOUT-OUTS

Our three favorite Scoopers

Shout-out to Joe V. and James G. who took the time and sent us a few encouraging words. And, Lawrence M., we certainly know what happens if the Scoops end up in the read-it-later bucket. Our number one goal is to skip that bucket at any cost. Hold us true to our word, and let us know if we ever end in that bucket.

To all other Scoopers, thank you for reading, and you can always reply to The Daily Scoops and let us know how we are doing, and what can we do better. We read all our emails.

ECONOMY

The slowdown in job growth

So, what happened?

The U.S. economy added 130,000 more jobs in August, according to the Labor Department’s report on Friday. That’s a couple of thousands of fewer jobs compared to the expected 150,000 jobs. It’s the 3rd month in a row that the job growth is lower than what was expected.

The analysis by CNBC paints a good overview of the slowdown in the job growth rate. You would imagine the slower job growth should scare investors. However, investors seem unphased by the report. Why?

What does this mean?

What do investors like more than faster economic growth? An interest rate cut is a correct answer. Investors are hoping a slightly slower job growth rate encourages the Fed to cut the interest rate further. Investors are a pretty strange bunch, we may argue. Don’t you think so?

WATER COOLER

What do you think?

How did you like the Market-Crusher series last week? If you missed them, make sure to go back and read them here, here, and here.

Also, let us know what other series are you interested in? Reply and let us know. We will plan for more special series similar to the Market-Crushers if you hit reply and tell us what you would like to add more to The Daily Scoops?

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