The trade deal is back in the news, again — more on that in the “Overall Market” section.
Beyond the overall market, the plant-based meat industry is where competitors’ product launch heats up the stock price of a company. Unfortunately, things are not hot and shiny in most other industries — more on that in the “What’s Up?” and “What’s Down” sections.
Oh, and by the way, do you imagine cushy sofas and hip staff when thinking of your next medical appointment? If not, one soon-to-go-public company wants to change that. Also, we are making things interesting in the “Water Cooler” section — scroll down to read more.
But, first, here is a recap of what happened in the market:
- U.S. markets: Thursday was even better than Wednesday, and all three indices finished it in the green zone. Scroll to the “Overall Market” section to read more.
- Cryptocurrency: Bitcoin’s price stayed under the $8,000 mark for another day. Phew…
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The trade deal is back in the news.
No war, for now, less unemployed people, and the chance of a trade agreement fueled the stock market rally for one more day. This thing about phase one of the trade deal with China is back in the media. Not that a trade deal is not important. However, we sure hoped for 2020 to be different.
Nevertheless, the media reported that the Chinese trade delegation is on its way to Washington next week, and President Trump is getting ready to sign the deal. Maybe, this time, it’s different …
Competition heats up? No problem.
So, what happened?
Shares of Beyond Meat (Ticker: BYND) were up more than 11% on Thursday. The company didn’t do anything to deserve it. All that happened is the company’s competitors introducing competing products. First, Impossible Food launched plant-based pork. And, then, Kroger launched its version of plant-based meat. What happened in return is that investors celebrated the competitors’ product launch by pouring money into Beyond Meat.
Also, everybody is excited about the pilot McDonald’s is running with Beyond Meat. That’s also a reason to get excited about the company in 2020.
The lighting industry is not too shiny.
So, what happened?
Shares of Acuity Brands (Ticker: AYI) were down more 13% on Thursday. The company is a leader in the lighting industry. However, it announced a weaker-than-expected demand in 2020 and the stock paid a hefty price for it. It seems that the lighting industry is not too shiny any more.
“Original Marijuana Bull” Declares Top 3 Pot Stocks for 2020
Cushy sofas and hip staff … can this be a medical clinique?
So, what happened?
Comfortable seatings and fun, out-going staff are not things that come to mind when you think of a medical clinique. In the best-case scenario, you may get a decent coffee in your dentist’s office. But, one soon-to-go-public company is changing all that.
OneMedical is a cushy and hip subscription-based medical clinique that just published its IPO documentation.
Scroll down the IPO documentation, and you’d think it’s something out of WeWork’s website. But, this IPO is nothing like WeWork, we must tell you. OneMedica is one of the first 2020 IPOs that is worth paying attention to.
If you’d like us to dig deep and dedicate one full Scoop to researching this one for you, reply with the word “hip”, or send us an email at email@example.com.
Let’s make it even more interesting. If we get 10 hip replies to this Scoop, we will dedicate one full Scoop to digging into OneMedical’s IPO and will give you a detailed review of what this stock is going to be all about. The power is in your hands now…