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Swaggy's Top Stonks
Together with... The Motley Fool
November 2, 2021
Welcome newcomers to Swaggy's Top Stonks and thank you for subscribing.
Today's edition will be a brief rundown of earnings results -winners and losers. Let's go.
Vig Fantasy Stocks Update
Market Update - Winners & Losers
Twas a great start to November and the bulls were on parade. Your average Joe growth stock was up 5% on Monday, and then this morning came around. Futures turned red and stocks were hit hard after the open as tomorrow's FOMC looms in the Hallowed air. Tune in tomorrow at 2pm for FOMC and interest rate decision as this will be the biggest short-term catalyst, during earnings season as well, which will make for moar volatility... Is the Fed in a catch-22? Raising rates might hurt the economy, while keeping them where they are is creating inflation like we haven't seen in many years. These are unprecedented times so it is definitely worth to listen in.
For those of you that follow crypto, a new coin was born and then obliterated. Riding on the back of the popular new TV show taking over the Internet, Squid Games, some crypto-BROs ended up creating a "Squid Coin". It pumped several thousand percent, before eventually falling to zero. Amazing stuff and the video feed is linked below.
On the other side of things the market has blessed us with some entertainment in the form of big movers to the upside AND downside. Here's a summary of what happened today.
Avis (CAR) was up over 108% today after the company posted better-than-expected earnings.
Ocugen (OCGN) closed +12% on increased retail momentum.
Toast (TOST) was up 14% on no specific news.
Bed, Bath, & Beyond is up 70% after-hours after the company announced an accelerated buy-back plan and a retail partnership with Kroger (KR).
On the other side (the down side), we saw:
Chegg (CHGG) down 48% after missing top and bottom-line on earnings. The company cited a huge slowdown in educational growth.
Zillow (Z) closed -11% (-8% in after-hours as well). The company has shut down their home-flipping business, which has been racking up losses.
Mosaic (MOS) missed revenues and eps estimates and the stock tumbled 10% today.
Is 5G worth investing in?
If you know much about us at the Motley Fool then you probably know how well we’ve done identifying massive technological trends and then finding stocks that can benefit in explosive ways.
Like we did with:
Amazon and the e-commerce revolution, our recommendation up +21,454%* since we first recommended it September 6th, 2002
Or Netflix and the streaming trend, up +34,080%* since December 17th, 2004
Or Booking Holdings and the online travel explosion, up +10,428%* since we recommended it on May 21st, 2004
So what are we seeing today that might be the next big world-changing trend? Well, it’s 5G.
*Returns as of 10/15/21. Past performance is not a guarantee of future results.
*This is an ad.
Notable Earnings Today:
Pfizer (PFE): Pfizer posted a solid quarter and beat analysts estimates. Shares are up 5% in after-hours trading.
BP (BP): BP had a good quarter. The company stated oil demand is very high and they announced a 1.25 billion buyback program. BP shares traded lower by 5% today.
Under Armour (UAA): Under Armour soared 16% today after beating analyst estimates.
Activision Blizzard (ATVI): ATVI is trading down 10% in post-market action as the company provides soft guidance for next quarter. The company also announced delays in two of their up-and-coming hit titles, Overwatch & Diablo 4.
Lyft (LYFT): Shares of LYFT are up 12% post-market as the company had better-than-expected sales results.
Still quite a few more to come this week, keep an eye out for the following:
Roku (ROKU) - AMC
Qualcomm (QCOM) - AMC
Skillz Inc (SKLZ) - AMC
Fastly (FSLY) - AMC
Etsy (ETSY) - AMC
Moderna (MRNA) - BMO
Datadog (DDOG) - BMO
DigitalOcean (DOCN) - BMO
Square (SQ) - AMC
Pinterest (PINS) - AMC
Uber (UBER) - AMC
Airbnb (ABNB) - AMC
MercadoLibre (MELI) - AMC
Peloton (PTON) - AMC
Cloudfare (NET) - AMC
DraftKings (DKNG) - BMO
Coinbase (COIN) - BMO
Vig - Fantasy Stocks
Mr. Swaggy is currently ranked 19th out of 82 participants for the week long VIG Fantasy Stocks Games. I was ranked #5 at one point yesterday, but my call on BTU is holding me back.
The VIG games are free to enter and you can win real cash prizes, for those of you interested there's still a few running this week (and they will run weekly). Check out the free trial.
SPACs are making a comeback and today I found one I liked. It's actually the most talked about from today's chatter.
The ticker is SBEA and they announced a merger with premium coffee company, Black Rifle Coffee Company. SBEA was up 50% at one point today, before closing only +15%.
A new crypto currency was making the top of the list in crypto chatter. The name is Loopring (LRC) and it's up nearly 300% in just one week. Today's hype was built up after the coin shot up 50% in the last several hours.
WallStreetBets - Most Mentioned Equities
Today's most mentioned equities on WallStreetBets. Most names on the list today revolve around earnings results and news (OCGN, CHGG, BBBY, AMC).
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