Wasn’t being a stock hawk this week? We got you covered, every Friday after hours.
September 8th, 2020 – September 11th, 2020
The market is certainly experiencing a pull back, which can be healthy. The major tech stocks have cooled off, with Apple and Tesla underneath their initial price after the split. For how unpredictable the market has been, what will come next is as uncertain as ever.
-Darnel Shillingford
August 24th, 2020- August 28th, 2020
The market roars as the splits are set to come this Monday. Almost everyday the S&P and the NASDAQ touch new highs, when will it give? Royal Caribbean is back on a rise up, growing $10 this week, as it approaches its post corona high of $75 in June. I suspect that it will continue to rise this week and break $75.
-Darnel Shillingford
August 10th, 2020 – August 14th, 2020
The bull run that the tech industry has been on has gotten sweeter after some announcements the past couple weeks. With both Apple ($AAPL) and Tesla ($TSLA) saying that they will be performing stock splits to make their share price more attractive for share holders. Apple announced a 4-1 split and Tesla announced a 5-1 split, effective for shareholders of both on August 31st. I anticipate the share price after the split to be about $105 for Apple and about $310 for Tesla. However, for the week technology took a down turn, and in the days right before the stock split I anticipate that the share prices of these companies may slip slightly as investors reclaim profits in order to get back in once the split occurs.
July 20th, 2020 – July 24th, 2020
With all the commotion 2020 has brought, this week just added into the craziness. The government announced they would be funding the partnership of Pfizer (PFE) and BioNTech (BNTX) and their work on the coronavirus. This initially sent the two stocks surging, and other corona virus hopefuls such as Moderna (MRNA) and Inovio (INO) on a downturn. This announcement has been great for the two healthcare aficionados, but for now it is all speculation, so they will most likely come down over the next couple of sessions.
-Darnel Shillingford
July 13th, 2020 – July 17th, 2020
The NASDAQ finally cooled off from its very expected hot streak, but the Dow Jones and the S&P 500 posted gains for the week. Netflix (NFLX), announced earnings this week after a slight dip from its insane bull run, and despite beating expectations on its subscriber count with over 10 million added this month, the revenue wasn’t there and the stock dropped a whopping 12% on Friday. The market has been fairly hot in the past weeks, especially the technology sector, but as earnings season unfolds the upsetting response to Netflix’s Q2 performance could be a bad sign for the rest of the companies about to announce. Biotechnology and pharmaceuticals had a week however, behind the surges from Moderna (MRNA), as they continue to make strides in the race for the solution to the corona virus.
-Darnel Shillingford
July 6th, 2020 – July 10th, 2020
Bad time to be a bear, especially a NASDAQ bear. Technology is taking over, AAPL, MSFT, and NVDA are all crushing their all time highs. However, NFLX and TSLA are completely skyrocketing at unheard of rates. Tesla finished Friday up 150 points! Netflix was up 40 points! This boom has been completely insane and this week was at a completely different level. The rest of the market was up for the week, but the majority of the gain was from technology, as it has been for quite some time. My one worry: this is similar to how the market was acting before the corona virus crash in March, and while corona was a factor, it was reportedly not the complete reason for the crash…
-Darnel Shillingford
June 29th, 2020 – July 2nd, 2020
A short week that was just as rocky as the rest of 2020, but comparatively not too bad. One sector that was a big winner this week was the financial technology sector, also known as fintech. Companies such as Square (SQ),Visa (V), and Paypal (PYPL) all took a big jump in the middle of this short week, and for the most part kept on climbing. This sector is something I believe will continue to have a strong 2020, but a lot of the stocks in it are more on the expensive side. Another winner is Tesla (TSLA). After completely smoking Wall Street’s expectations for their number of cars delivered in Q2 with 90 thousand, Tesla shot up 89 points on Friday right after a 50 point day Thursday. Whether you like him or not, Elon Musk is doing something very incredible with the Tesla company, and you can only hope and expect that he keeps it going.
-Darnel Shillingford
June 22nd, 2020 – June 26th, 2020
Another week that moved purely off of news. In my opinion this week could be coined “The most news driven week ever.” We saw multiple swings purely off of one piece of news. Monday night, reports came out that the China trade deal was over, Dow futures drop 400 points. Not even an hour later this report was concluded false and not what it seemed, futures recovered from the drop and go up 1%. To end the week, Covid cases reportedly spiked in Texas, New York, and New Jersey. Texas ordered some businesses to shut down again and even Disney is delaying the reopening of their parks. The point is the market is on edge, and trying to feed off any bit of hope they can. However, things are not looking good for bulls at the moment. The very worst thing for them is currently happening. It is not only fear of a second wave, the numbers are there to prove it too. If the numbers keep getting bigger and bigger, we believe more selloff will happen. Maybe not to the March lows, but a significant drop.
-TJ Brescia
June 15th, 2020 – June 19th, 2020
Choppy, choppy, choppy. As 2020 has gone, the market was up and down this week. Although, the NASDAQ proved to be a bright spot. The index is composed of well-known technology stocks, and on days where the Dow Jones and the S&P 500 finished red, the NASDAQ remained green. For investors of indexes, this is a great sign as the NASDAQ is proving its strength and for investors overall, it can be a good sign that despite rising cases, at least one area of the market is rising, for now.
-Darnel Shillingford
June 8th, 2020 – June 12th, 2020
As much as we loved the bull run it had to slow down eventually, and a slow down this week was anticipated. However, this “slow down” was almost a complete U-turn. An excellent Monday for the market had investors feeling good, and a red Tuesday was inevitable, it was the 7th trading day of June but the first day that had the Dow finishing down. Another red day after that was understandable, but then Thursday happened. The Dow finished down 1,861 points and rumors of another crash similar to what happened in March started to mull among investors. During this week many states that had low corona virus cases also experienced a spike in cases, causing more reason to worry. This poised Friday to have greater significance on the short term for the market. With the Dow rising today finishing up 477 points, it seems like for now, the market just had somewhat a correction this week after weeks of serious gains. The SPY also held on strong despite all the market choppiness, keeping itself over its well-watched level of 300. My winner of this week is Nikola (NKLA), after a complete surge of 104% on Monday finishing at $73, it would be easy for all the profit made in one day to disappear just as fast, but NKLA held on strong and finished the week at $64. With many investors buying puts on the electric vehicle company, the short term could be bleak for the company, but the long term still has promise.
-Darnel Shillingford
June 1st, 2020 – June 5th, 2020
The stock market broke incredible records this week, poising incredible weekly gains. SPY started the week opening at $303 and ended Friday at $320. Gains like this are extremely uncommon and seen almost a few times during your lifetime. Even better news is the job reports data. Analysts predicted more jobs would be lost in May, that just wasn’t the case. 2.5 million jobs were created and filled for the month of May. Data like this gives even more hope that the economy and country opening up is going better than expected. However, this raises the question “Is it too good to be true?” The corona virus still has millions unemployed, businesses are still shut down, there is no vaccine, and protesting and rioting for the BLM movement is still going on. “Can the market keep going up?” We will have to wait and see. I will say this, after incredible green days the following day or days typically are red and vise versa. We saw this during the drop in March. After days were the market fell by hundreds of points, we would sometimes see a green day to follow. Watch out for the low opens, and take profits when you can because times are still so unpredictable.
-TJ Brescia
May 26th, 2020 – May 29th, 2020
This trading week may have missed a day to start the week but was definitely filled with big moves. For the third week in a row, the Dow finished in the red on Thursday, which I believe is because of the unemployment report that comes out every Thursday. Despite the consistent Thursday blunder, May finished up as the second month in a row that the Dow, S&P 500, and the NASDAQ all experienced an overall gain for the month. A press conference from President Trump about China’s restrictions over Hong Kong came late in the trading day on Friday and although many investors had a pessimistic market outlook for what would come from this conference, it was the complete opposite. The market experienced a well need surge at the end of the day, capping off a fairly strong bull week. My winner for this week would most likely be Penn national gaming (PENN) that saw consistent gains each day in light of many casinos planning to open back up.
-Darnel Shillingford
May 18th, 2020 – May 22nd, 2020
The week as a whole was choppy to put it best. Monday started off big green, creating high hopes for the rest of the week however news & noise had other plans. The S&P 500 ended the week where it closed after Mondays session. We experienced hard selling off Tuesday from Moderna’s “not so great vaccine” and Thursdays initial selloff from President Trump’s tweets regarding tension with China. If there is one thing to take away from this week it is buy your option contracts with PLENTY OF TIME! The combination of news, noise, and volatility swings can drive you straight into the water with short-term contracts. Until more solidified news comes out regarding the future of the economy with Corona Virus, it seems like spending more on premium with time for your contracts is the way to go. Be safe, and stay tuned for next week!!
-TJ Brescia
May 11th, 2020 – May 15th, 2020
A dismal week for the market ended with a last second attempt at recovery, but one that was left unimportant. With the Dow finishing down 4 out of the 5 days and the SPY getting rejected once again at 300, positive market performance looks abysmal. The future is starting to look grim, as many analysts have said that they fear more market woes are incoming. Put options will definitely be paying off once the market really gets going downhill, but it is the timing that needs to be perfected. Boeing (BA) took a huge slide this week, but a mistimed put option left me absent on profit, but next week should get me back on track. Despite the slide Amazon (AMZN) still finished the week on a slight high and so did Microsoft (MSFT), but Apple (AAPL) took a slight dip. Nonetheless, the big techs had an overall good week considering the market performance, something to look at in the coming weeks.
-Darnel Shillingford
May 4th, 2020 – May 8th, 2020
We wrap up a fairly choppy but green week for the second week of May. Investors challenged how the market would react following a disappointing earnings week prior and Buffet selling all of his airline positions. The market responded strong overall with various big and essential companies shinning. Apple ($AAPL) pulled through finishing up 20 points and Amazon ($AMZN) finished the week up 100 points. Both companies gave us odd and unexpected earnings reports the week prior. Airlines finished fairly flat considering the biggest investor ever doesn’t believe in their future. However, Chegg ($CHGG), Uber ($UBER) and Tesla ($TSLA) really caught my eye this week. Tesla, saw a huge green week after Elon Musk forced the stock down Friday (5/1) over twitter. Expect Elon to do more of this in the future… Uber still finished up 5 points even after awful news came out about them this week. Tuesday, Uber was hit with a classification lawsuit, and the following morning reported that the company laid off 30% of their workers. Finally, their Q1 earnings sheet gave awful numbers, but the company said they have a plan to be better for Q2. In my opinion steer clear of Uber, I don’t trust them during these times. To wrap everything up Chegg was the biggest winner this week in my opinion. The online education company finished 50% in the green since the prior weeks close!! They blew their Q1 earnings completely out of the water. We’ve seen companies like Zoom ($ZM) step up big from the new online learning environment around the country. If online education becomes more prevalent, Chegg could be a growth stock to add for the long term portfolio. (Trading affordably at $63 a share). Expect the stock to cool off, but don’t miss the buying opportunities. Hope your wallet turned green this week, lets make next week even better! If you have any winners or losers you’d like to talk about with us, don’t hesitate to DM us!
-TJ Brescia
The Common Trader 