| What you need to know?
Picture this: There are no sick people on earth! Someone is born blind, there is a fix for that. Someone has cancer, there is a fix for that too. Whoa!
How? Through injecting millions of genetically modified cells that are programmed to solve all sorts of diseases with a fully personalized, customized modifications to the genes of the patient.
Yesterday, the news broke that finally a human adult has been treated using the gene-editing technique known as CRISPER, through a collaboration between two of our favorite gene-editing stocks: Vertex Pharmaceuticals (Ticker: VRTX) and CRISPR Therapeutics (Ticker: CRSP).
What does it mean for investors?
On the same day that the news of such extraordinary human treatment success came out, CRISPR Therapeutics announced its quarterly earnings and the stock lost almost 5% of its market cap. How short-sighted of the stock market! The stock market tends to fluctuate on the news, but that doesn't change the fact that most companies don't shape the future in one quarter. The future is now if you open your time horizon further than quarterly earnings.
Markets
|  | S&P | 3,020.97 | -0.16% | | | | | | Nasdaq | 8,293.33 | -0.44% | | | | |  | Dow | 27,221.35 | +0.11% | | | | | | | | 10-yr | 2.065 | -0.001 | | | | | | | Gold | 1,424.70 | +0.30% | | | | | | | Oil | 57.18 | +0.55% | | | |
*as of market close
- U.S. markets: The Dow was up, and the S&P 500 and the Nasdaq were down on Monday. The ups and downs during the trading day on Monday showed a bit of confusion by investors. Scroll to the Overall Market section to read more about what happened.
- Cryptocurrency: Guess what happened to Bitcoin's price? If you said it hovered below $10,000 per coin, you are correct. Bitcoin is supposed to be the source of action. However, it's turning into a yawn coin these days. Comm'n crypto traders! What happened to your passionate trading volume? Are you calculating the taxes you owe to the IRS?
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Overall Market
Confusion is the name of the game this week.
What happened on Monday?
Major stock market indices started the week in a bit of confusion. On Friday, all three indices finished strong, but on Monday, the S&P 500 and the Nasdaq lost a bit of steam, and The Dow inched up just a tiny bit. What's got the market worried?
Now what?
- The Feds are meeting to decide the fate of the interest rate, and while everyone is hoping for a rate cut, the economy doesn't seem to be needing it.
- The trade talks are getting even more serious this week. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer are on their way to Shanghai for face-to-face meetings.
- More earnings reports are coming this week.
Investors hate uncertainty the most. And, the next few days are going to bring a lot of uncertainties. If the stock market goes down, be ready with a few well-managed companies on your shopping list. If the stock market ends up higher, celebrate your success, and move on.
What's Up
These stocks were on fire.
So what happened?
- Shares of Just Eat (Ticker: JSTTY), The Grub Hub of the U.K., had a great Monday and went up by more than 19%. The celebration came after takeover news by Takeaway.com.
- Just Eat's American peers didn't have a bad day, either. Shares of GrubHub (Ticker: GRUB) were up more than 6% on Monday. Investors are expecting a hot plate of earnings from the company that is reporting its earnings results on Tuesday.
- Are you tired of food delivery stocks? What about coffee? Ha? Have you recently ordered a hot cup of joe through your phone? Apparently, that's what millions of people are doing in China, and those well-caffeinated Luckin Coffee's (Ticker: LK) shareholders are sipping more than 6% stock price increase on Monday.
- From China to Russian, shares of the countries largest tech company, also known as Google of Russia, were up more than 6%. Yandex (Ticker: YNDX) delighted investors with better than expected revenue, and Deputy Prime Minister Maxim Akimov gave some hope that he doesn't support the proposed law to restrict foreign ownership in Russian companies.
What's Down
These stocks didn't have a good day.
- Everyone's favorite not-meat burger lost some of its spice on Monday after the company announced its quarterly earnings. Beyond Meat (Ticker: BYND) surprised investors by announcingthat it plans to offer more shares and that's bad news for the current investors who sent the stock down by more than 15%.
- MongoDB (Ticker: MDB), the disruptor of the database management industry, lost 8% of its market value on Monday for no apparent reason. Some big fund selling its stake in the company is our best guess at this point. Stay tuned.
- Another stock price decline with no apparent reason came for Shopify (Ticker: SHOP). It's strange to hear Shopify's stock price went down by close to 5% because the stock has been a darling of the stock market recently. This decline is most likely due to investors selling off some shares to lock their gains in preparation of the company's upcoming earnings release later this week.
Water Cooler
Do you want a job that pays $3 million?
So, what happened?
It's easy. Here are the steps:
- Download an app called Fortnite
- Pick up a cute character with corny dance moves
- Get parachute into a shrinking island with 99 other people
- Kill everyone and stay the last one standing
- Repeat than for a thousand or better yet a million times
- Sign up for a global competition
- Play, play, play
- Win $3 million
Easy, right? One person did it last week. You can do it too. Aspire to become a millionaire, Fortnite style ...
Disclosure: Authors of this Scoop own shares of CRISPR Therapeutics (Ticker: CRSP), Yandex (Ticker: YNDX), and MongoDB (Ticker: MDB).
About the Author
| | | Brought to you by Hoda Mehr, Editor at Trade Stocks, CEO and Co-founder of Stock Card and the host of Renegade Investors podcast. She runs a community of 8,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism and storytelling to all aspects of her work. Subscribe for free here. | |
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