Hope you had a great weekend as I can’t complain. Without further ado let’s see what to look for this upcoming week! With riots dominating the news due to the gruesome and brutal death of George Floyd I thought it prudent to look back at the LA riots of Rodney King. The economic impact was felt mostly by insurance, home building, bank and security stocks. Insurance and bank stocks declined as home building and security stocks rose. In other news SpaceX made history launching two astronauts into space! 10 million people watched live as renewed energy was infused into the space exploration industry. We believe this will have a positive impact on Virgin Galactic as SpaceX is not publicly traded. US and China tensions are still there and we are standing by for a response from China to Trumps comments on Friday.
Zscaler (ZS) – I believe we get a follow through from last weeks amazing earnings beat and raised guidance.
Virgin Galactic (SPCE) – Seems like a great time to be a space stock in today’s environment. With SpaceX’s launch on the weekend I believe investors will be looking to get into this as well.
Tesla (TSLA) – Just a hunch that this stock will get a nice boost because who doesn’t love Elon Musk right now??
Zoom Video Communications (ZM) – After it’s meteoric rise to 180$ because the the COVID-19 pandemic ZM is poised to give a record earnings report this week. We will see what guidance looks like as this could be a momentum buy, even at these levels.
Crowdstrike Holdings (CRWD) – Another “from home” stock reporting this week. I’m sure you get the picture by now.
