“Everyone remembers how the roaring twenties ended… right?” – Jeff, with a friendly PSA
Hey there carnivores, Markets hit new record highs on the first trading day of 2020… because of course, they did.
And today we’re diving deep into the first trading day of the new decade Keep raging, Jeff & Jason
The roaring twenties The market’s 2019 rally didn’t miss a step after staying up late to watch Gronk spike Steve Harvey’s likeness (you can’t make this sh*t up, folks)… The Dow closed up 330 points yesterday… because of course, it did. At this point, everything investors touch turns to gold and every time the markets are open they hit all-time highs. Today’s market leaders included chip stocks thanks to some zealous analyst price target hikes. AMD, Micron, and Taiwan Semiconductor which rose 7.1%, 3%, and 3% respectively. Not to be outdone, Apple and Tesla had big days to start the new year. Tim Cook’s crew eclipsed the $300 per share mark thanks to a holiday season that could get Jeff Bezos all hot and bothered while Tesla continued its run jumping 2.9% thanks to a late upgrade in its price target. Cash poor News from our frenemies in Asia also boosted markets across the world yesterday as the People’s Bank of China announced a lower reserve requirement for banks to hold cash (read: banks can lend more money). The result is 800B Yuan (roughly $114B) which will become available to the Chinese economy on January 6th. I love the smell of economic stimulus in the morning. The bottom line… Investors are hoping that stocks stay red hot. According to “First Five Days” theory whatever happens in the first week of the new year is a good indication of what is to come for the rest of the year. And it also explains why no one ever sticks with their resolutions.
There are plenty of things you don’t want to be fast and last only five-minutes… But Kyle Dennis’ Fast Five strategy is NOT one of them. You see, KD is making trading the biotech sector fast and easy. Every week he’s going to send you his highest conviction trade. You just need five-minutes to enter the trade and five minutes to exit it.
☑️ It be like that sometimes. Airbus dethroning Boeing as the world’s largest airplane manufacturer for the first time since 2011 is kinda like when the Chicago Bulls finally lost in 1994… without Michael Jordan. It comes as little surprise that Airbus took the top spot from Boeing which has been embroiled in a sh*tstorm of epic proportions over the past year. Still, Airbus isn’t feeling sorry for itself. The new king of the air beat its own PR of 800 aircraft last year and exceeded expectations of 860, rolling 863 airliners off of the assembly line during 2019. And Airbus was not f*cking around, canceling holidays (can they do that?) and adding shifts at year-end to ensure goals were met. ☑️ Drugs are expensive mmkay? Big pharma has to pay for legendary ad spots like this somehow, amirite? As is tradition, the first of the year means prescription drug’s annual price hike. According to the analysis, drug prices rose an average of 5.8% on January 1st. The pharma bros at Pfizer led the way, hiking prices by more than 9% on 40 products. An average increase of 5.8% is lower than 2018 likely due to political and patient pressure. It also probably doesn’t hurt that Shkreli is still locked up. ☑️ STFU. A slew of Amazon employees were pretty butthurt to find out that they can’t actually speak to the press on behalf of the company even if they feel “like really, really, really passionate about” said subject. How upset were they? Enough to… go to the press. Susan from HR has contacted a handful of Amazon employees behind the Amazon Employees for Climate Justice who have publicly spoken out about Amazon’s environmental policy. According to the AECJ, should members continue to speak out, they could be terminated. Bezos had this to say: “I mean, yeah.” ☑️ Late to the party. Better late than never, I suppose. Vanguard is finally taking a page out of Robinhood’s book, eliminating stock commissions altogether. This comes months after Schwab, TD and Fidelity all made the move amid mounting pressure from disruptors in the space. Vanguard, created by Jack Bogle, is no stranger to low-fees, of course. Bogle revolutionized the brokerage business in the 70’s by focusing on lowering fees. ☑️ Stay woke. Papa John has no regard for human life … especially his. While you were resolving to ditch the dad bod, Papa John Schnatter was upping the New Year’s resolution ante… vowing to eat 50 pizzas in 30 days. You might remember that in a November interview, a slovenly Schnatter claimed to have channeled his inner Morgan Spurlock and consumed 40 Papa John’s pies in 30 days. His verdict? They just aren’t the same as when he was CEO. The Papa lost his job as CEO after news broke that he used the n-word on an internal conference call.
|
