Whoof
Hey Scoopers,
Vaccine hopes and banking earnings pushed the Dow ahead of all the indices. āĀ More on that in the “Overall Market” section.
Beyond the overall market, investors in one pet insurance stock WHOOF’d 20% up, while investors in a tech stock partied down after the company’s stellar quarterly earnings. āĀ More on that in the “What’s Up?” and “What’s Down?” sections.
Oh, by the way, did Google get lucky once, and that was it? āĀ 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 agreed on the direction and finished the day in the green.Ā Scroll down to the “Overall Market” section to read more.
- Cryptocurrency:Ā Bitcoin’s priceĀ reached near the $12,000 level.Ā Younger investors are buying up Bitcoin during the pandemic.
The Top 5 Stocks to Buy and Hold Now
The coronavirus knocked the wind out of stocks.
And while no one can predict what could possibly happen next, thereās no shortage of top blood in the street stock opportunities to start considering right now. In fact, here are some of the top stocks that are showing big signs of life, even with the virus s&ll in the headlines.
The Dow Led The Pack
All three indices continued their green streak. However, this time, the Dow led the pack, which is a sporadic occurrence.Ā Good earnings reports by banks and the COVID-19 vaccine hopeĀ were the fuel for the stocks in the Dow index.
Whoof
So, what happened?
Shares of Trupanion (Ticker:Ā TRUP) were up more than 22% on Wednesday. The pet insurance provider announced itsĀ quarterly earnings report, and all investors could say was WHOOF.
The #1 Stock for the Electric Car Boom
Former Wall Street whiz kid says thereās one small company at the epicenter of the $3 TRILLION electric car boomā¦ and very few people are paying attention to it right now.
Party Down
So, what happened?
Shares of Fastly (Ticker:Ā FSLY) were down more nearly 20% on Wednesday. The company’s stock price has gone up from around $20 per share to more than $100 per share. Fastly support the media corporations in managing their live operations by enabling easier and more efficient online content delivery despite the stellar growth of online content.
The company announced itsĀ quarterly earnings reportĀ on Wednesday, and something spooked investors enough to sell the stock down by 20%. Revenue was up, the number of customers was up, and the company raised its target for the full year. The spooky news was most likely becauseĀ 12% of Fastly’s revenue was coming from Tik Tok. Investors are worried that Fastly may get caught in the political back and forth surrounding Tik Tok, and wanted to lock their gains.
Did Google Get Lucky Once?
So what happened?
The news broke that Google is shutting down itsĀ Google Play Music service, including its podcast hosting services. For a cash-generating machine known as one of the most innovative companies of the 20th century, Google has many embarrassing failures.
The list ofĀ failed bets at GoogleĀ is long and lengthy. It makes you wonder, did Google just get lucky one time, and came up with the right technology at the right time only once and that was it?!
Do you have any questions or feedback to share with us? Our email address isĀ members@tradestocks.com. Send us a few lines.