Like A Hawk
Hey Scoopers,
Despite some volatility, the market ended in the green for one more day. — More on that in the “Overall Market” section.
Beyond the overall market, the party has already started for one healthcare stock, while investors weren’t impressed by a tech company’s 46% growth rate. — More on that in the “What’s Up?” and “What’s Down?” sections.
Oh, by the way, the SEC is watching the market like a hawk. — More on that in the “Water Cooler” section.
But, first, here is a recap of what happened in the market yesterday:
Market Recap
- U.S. markets: All three indices ended Tuesday in the green. Scroll down to the “Overall Market” section to read more.
- Cryptocurrency: Bitcoin’s price stayed above $11,000 level, while analysts argued the surge in Gold price is an indicator of a possible rise in Bitcoin price soon.
Bold 5G prediction
5G Prediction for 2020: Michael Robinson has an enviable track record… He called social media “the next big thing” when Facebook stock was just $22 (it’s now over $225)… he picked Bitcoin in 2013… and he recommended cannabis stocks in 2016. Today, he’s issuing his biggest prediction yet. If you’re thinking about investing in 5G, you’ll want to hear this.
One More Green Day
Despite a rather volatile day, all three indices finished Tuesday in the green. We stopped talking about economic indicators in this section because the link between the economy and the stock market is broken. For example, the stimulus checks are still being discussed in Congress, and the market is following a different beat.
The Party Has Already Started
So, what happened?
Shares of NantHealth (Ticker: NH) were up more than 10% on Tuesday. The company isn’t a household name. However, it is worth watching if you are interested in growth stocks. It’s a 300-million dollar company that has grown by more than 300% in 2020. The company works with patients, healthcare providers, and payers to consolidate the data and information related to each patient, especially more critical illnesses such as cancer. The result is more result-driven patient care and better payment. NantHealth’s next quarterly earnings report is expected on August 6th, and it seems investors have already started to party.
Biggest transfer of wealth in U.S. history has begun
A Maryland multimillionaire says the biggest legal transfer of wealth in American history has just gotten underway.
46% Growth Wasn’t Enough
So, what happened?
Shares of Twilio (Ticker: TWLO) were down more than 5% in the after-hours trading on Tuesday. The company announced its latest quarterly earnings report, and it beat analysts’ expectations. Revenue grew more than 46%. However, the growth rate is much slower than a year ago. Moreover, the next quarter’s year-over-year revenue growth is expected to range between 36% – 38%. If any other company put such growth performance, investors would all celebrate by sending the stock to the moon. However, Twilio used to grow by 70% to 80%, and investors are not impressed by the expected growth in the next quarter. The slowdown in the revenue growth may signify that the demand for corporate communications tools and platforms is not unlimited.
As we write this update, the company hasn’t yet started its quarterly calls. We believe it is worth listening to what the management has to say before selling off the stock.
The SEC Is Watching The Market Like A Hawk
So what happened?
The SEC is wondering whether there was something shady when Kodak (Ticker: KODK) got a loan several times bigger than its value, and its stock price jumped more than 2K%. The investigation is mostly about suspicious trading activities before the loan announcement, and it was called by a letter from Senator Elizabeth Warren.
It’s heartwarming to see the SEC is watching the market like a hawk.
Did you buy a few Kodak shares? What was your strategy? Let us know via email. Our email address is members@tradestocks.com.