🍨 Daily Scoop: A bowl full of scoops

By Hoda Mehr Wed, Jul 24, 2019

What you need to know?

With 700 companies reporting their quarterly earnings results this week, there was more than one delicious scoop of news to send your way. We decided to do something different and give you a bowl full of little news scoops, instead of just sending two highlights. Scroll down to the “What’s up” and “What’s down” sections to have your bowl of scoops.

What does it mean for investors? 

It’s hard to keep up with the news when so many companies are reporting at once. The best course of action for investors is to avoid a knee-jerk reaction to the stories. If you see a stock you own jumps high or falls off the cliff, it’s better to study the reasons behind the move and see whether the movement is an indicator of a much more significant change in the company’s operations, and only then, you may decide what to do.

• U.S. markets: All major stock market indices continued their upward movements and finished Tuesday higher than where they started the day. Scroll to the Overall Market section to read more about what happened. 
• Cryptocurrency: Bitcoin’s price continues to hover around $10,000 per coin. Looks like the stock market is stealing the crypto thunder for now. We don’t think the calmness in the cryptocurrency markets is going to last for too long. Stay tuned!

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Earnings-palooza at full speed.

What happened on Tuesday?

All the good news coming from quarterly earnings, coupled with the newsaround the progress being made by the U.S. and China in the trade negotiations pushed all three major indices higher.

However, behind all the good news, the signs of lower global economic growth are widespread. IMF (International Monetary Fund) lowered its global economic growth forecast in 2019, sighting the U.S.-China trade war, Brexit worries, and inflation as the main reasons for the slower growth rate forecast.

Now What?

Risking the chance of being called Debbie Downer, the suggestion of this editorial team to you is not to get too excited because the market is up two days in a row. Keep investing, and stay invested, but also start building your “crash stash.” The market will eventually turn for the worst, and you’d want to have cash on the side to boost your portfolio. We are not financial advisors, but that’s what we are doing for our own portfolios, despite all the good news in the stock market.

Better than expected result was the stock market’s fuel. 

So what happened? 

• Amazon did it again! The company announced a partnership with a real estate broker, Realogy (Ticker: RGLY), and the news shot up the stock by more than 17%.
• The kids’ favorite social media app, Snap (Ticker: SNAP), grew by more than 16% after a better than expected result, smaller losses, and better forecast for the rest of the year. Oh, Snap!
• Chipotle (Ticker: CMG) was so delicious. We are not talking about the burrito, but the stock turned into a delightful burrito on Tuesday. Looks like the company’s loyalty program and mobile delivery initiatives are working well, and the growth of the company’s online orders sent the stock up another 3%.
• Shares of Harley Davidson (Ticker: HOG) were rumbling on Tuesday after the company talked about how it has found a way to navigate the trade war concerns.
• Avengers: Endgame was not only the good news for Disney (Ticker: DIS), but it also brought a stream of cash to Hasbro (Ticker: HAS) in the form of merchandising revenue and pushed the stock’s price up by close to 10%.
• Who said Coca-Cola has lost its fizz? Not the stock market! Shares of Coca-Cola (Ticker: KO) were up more than 6%, not because of sugary drinks, but because of the excellent performance by its newly acquired Costa Coffee.

From robots to social media, a lot of stocks shed some market cap.

• Looks like the robots are not conquering the world. At least, not the vacuum cleaner kind of robots. iRobot (Ticker: IRBT) guided weak sales in its upcoming quarter. The company’s investors hated the news and sent the stock down by more than 19%.
• Among Tuesday’s losers, you can find some big names. While the price fall for these giants were not drastic, but when titans inch down, the market tends to notice: Shares of Visa (Ticker: V), Facebook (Ticker: FB), Lockheed Martin Corp (LMT), and Amazon (Ticker: AMZN) were some of the losers of Tuesday.

It’s not a burger, I tell y’a! 

So, what happened?

We don’t know about you, but at least one of us at the editorial team is in love with plant-based burgers. However, several regulatory bodies across the United States do not agree with our team members.

Apparently, if it’s not coming from the flesh of animals, it’s not a burger. Where are you standing on this issue? Reply to this email and let us know.

Disclosure: Authors of this Scoop own shares of The Walt Disney Co (Ticker: DIS), Chipotle (Ticker: CMG), iRobot (Ticker: IRBT), Visa (Ticker: V), Facebook (Ticker: FB), and Amazon (Ticker: AMZN). 

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