The stock market had a rather normal day with some sectors moving up and others moving down, and there wasn’t any major macro news to sway the market in either direction — more on that in the “Overall Market” section.
Beyond the overall market, a double-digit profit forecast sent one stock to the moon, and investors started asking who eats ketchup — more on that in the “What’s Up?” and “What’s Down?” sections.
Oh, by the way, we believe Jeff Bezos just had the best week of his life — more on that in the “Water Cooler” section.
But, first, here is a recap of what happened in the market yesterday:
- U.S. markets: All three indices agreed on the direction and finished Wednesday in the green. Scroll down to the “Overall Market” section to read more.
- Cryptocurrency: For one more day, the above $10,000 mark was the new norm for Bitcoin’s price.
This Could Be 8x Better Than Buying Amazon In 1997
Discover The Wealth Building Secret That Powered Bill Gates, Steve Jobs And Mark Zuckerberg To The Top Of The Global Rich List.
Don’t miss your “Overnight Fortune” opportunity…
It was a normal day of ups and downs in the stock market.
After a few days of upward movement, the stock market finished in the red, with the Dow losing the most with approximately 0.5% loss. There wasn’t too much macro news beyond the regular updates about the status of coronavirus and the ongoing quarterly earnings reports. The Industrial sector lost the most with approximately 0.6% daily drop, and the Utilities sector gained the most with more than 1% upward movement.
Double-Digit Profit Forecast
So, what happened?
Shares of Expedia (Ticker: EXPE) were up more than 10% on Thursday. The company has been struggling for a while to compete with Google. The main value Expedia creates for its users is the aggregation of travel booking options. And, who does information aggregation better than anyone else? Of course, Google does.
Despite the Google effect, in the latest quarterly earnings report, Expedia announced a double-digit profit growth forecast in 2020, investors loved the news, and sent the stock to the sky.
Finally… A Highly Profitable Options Trading Alert Service Accurate 94.8% of the Time
This totally hands-off trading system has the proven potential to grow your portfolio on auto-pilot.
We are always looking for exciting opportunities in the markets and right now all our members are reaping the rewards of our industry-leading win rate.
Who Eats Ketchup?
So, what happened?
Shares of The Kraft Heinz (Ticker: KHC) were down more than 7% On Thursday. The company announced lower than expected sales with a 5% decline in revenue. Moreover, it wrote off the value of one of its most prized brands, Maxwell Coffee. The CEO called the quarter disappointing and investors seem to be giving up hope. The question that The Kraft Heinz needs to answer is in the age of artisan food and health-conscious consumers who eats Ketchup?
A Very Good Week For Jeff…
So what happened?
I bet you none of us has had a better week than Jeff… Who’s Jeff, you ask?
Jeff Bezos, CEO of Amazon (Ticker: AMZN). Why?
First, he bought the most expensive property in the Los Angeles market. Then, the news broke that his company has won a legal battle against Microsoft (Ticker: MSFT) to potentially gain a portion of a $10 billion cloud storage contract with Pentagon.
Now you see why no one has had a better week than Jeff? Can you top that?