What a week it was! Riots continued as well as peaceful protests, China vs. US seems to not be a problem, and COVID-19 seems to be becoming an after thought. I once read that the market can stay irrational longer than you can stay solvent. It’s never been more true than now. A surprise in the jobs number gave a fantastic end to the week. Also, the Nasdaq registered it’s highest dollar volume trading day in history today… Just food for thought.
Genius Brands (GNUS) – Undoubtedly the star of the market this week. Completely blew passed my wildest expectations. I believe with all the attention it has garnered we see a cool off going forward. They registered for more dilution selling 60 million shares but have hired the former founding President and CEO of FOX Kids to continue on it’s journey to stardom.
XpresSpa Group Spa (XSPA) – Another no brainer as the economy starts to open up. This company doubled in stock price this week quite easily. I’m not sure where we go from here though. Does it’s COVID-19 testing give it brand recognition going forward? We will see.
Boeing (BA) – This is a pure too big to fail play. Although they are rife with issues, American investors love Boeing. It’s clearly apparent through all their failures that when the market comes back this will quite easily be a 300$ stock again. Ride the wave!
US Airline ETF (JETS) – Since I am not familiar with individual airlines, (quite frankly taking the lazy route) I found it prudent to just invest in all of them. Some will fail, some will come back, and when they do we should be ready to reap the rewards of this industry. Side note.. since COVID-19 hit this ETF has added 3000 % of monetary in flows. Looks like this isn’t an original idea.
Remark Holding (Mark) – Another COVID-19 gem. Although it was quite volatile this week $MARK was able to hold its own and not sell off back to obscurity. That in itself is a positive sign. I do expect more follow through from the infrared scanning stock!
Zoom Communications (ZM) – Last but certainly not least we have our shiny new toy this year. $ZM has literally zoomed passed a lot of it’s competition. As a reversion to mean trader (contrarian) I have to let you know I definitely have a short bias here. I know it has been a great winner of this situation but what will happen to the demand when this is all over? That goes for Wayfair too!
