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KEY POINTS
OVERALL MARKET
Positive Employment Report numbers boosted some of the indices to what was nearly a green stock market.
The market indices ended the day mixed with only the NASDAQ dropping slightly.
The DOW Jones hit a record high today, boosted by the positive Bureau of Labor Statistics' Employment report. 943,000 jobs were added to non-farm payrolls in July, a great indicator of economic growth. However, President Biden warned that despite the great numbers, the threat of the delta variant is still growing by the day. Nevertheless, investors continued to push the market higher. GET THE DAILY MARKET RECAP
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Monster Beverage (MNST) stock jumps on great earnings, as Celsius (CELH) aims to become a player in the same space.
Monster Beverage Co. (MNST) is a leader in the energy drink industry. I noticed that its stock was up over 5% today after a positive earnings report. The company hit a record with net sales increasing by 33.6%, and earnings per share were also up 28.6%. It has maintained upward trends in sales and profitability, despite supply chain issues and the rising cost of aluminum, which management referenced in the earnings report.
The company has a distribution deal with Coca-Cola (KO), and several energy drinks brands. The benefits of its product variety and strategic partnerships are shown by the all-green ratings we see on the Operations section of its Stock Card. It also has no concerns over debt, with great earnings ratios compared to any short or long-term debt obligations. Monster's performance is good for its investors but is showing great signs for another stock's investors. Celsius (CELH) is another company growing in the energy drink and beverages space that has been a darling of the investment community on Twitter. The growth we have seen with Monster proves that there is still plenty of room left in the market for Celsius to grow. Looking at the company’s Stock Card, much like Monster, Celsius has a solid foundation for growth, with no debt worries. Sales growth is trending upwards strongly, and Earnings Per Share are solid. Scrolling further down to past investment returns, it appears you would be a happy camper if you had invested in this company during the past 10 years. Celsius is growing steadily and isn’t showing any signs of stopping. It also differentiates itself from many other energy drink brands by its no preservatives, vegan, soy, gluten, and sugar-free line of products. This is a great investment, hitting the sweet spot between the demand for energy drinks and healthy alternatives. I’m going to keep a close eye on it as I consider adding some shares to my portfolio. I know a few of the portfolio publishers and Stock Card partners already own and have picked Celsuis in the past. If you were a follower of their portfolios, you would have received a notification when they picked the stock. WHATS DOWN?
FireEye (FEYE) and Zynga (ZNGA) both dropped in price today after unimpressive earnings reports.
Cybersecurity company FireEye (FEYE) stock dropped today after an unimpressive second-quarter earnings report yesterday. The company acknowledged that the sale of FireEye Products for $1.2 Billion to Symphony Technology (STG) in June impacted revenue significantly. Despite the increasing need for cybersecurity in nearly every industry, the growth wasn't as impressive. If you are not impressed by FireEye like me, it's worth your time to take a look at the cybersecurity list of stocks on Stock Card by typing cybersecurity in the search bar.
The next loser of the day is Zynga (ZNGA), who forecasted a decrease in mobile gaming, and landed on Stock Card’s losers list today with an 18% drop. The mobile video game company Zynga released its earnings report yesterday, detailing a record cash flow, 11% higher than last year’s second quarter. During the conference call, the CEO admitted that sales had declined towards the end of the quarter as people got out of their houses. This is expected to impact future revenue, and the forecast was updated to reflect that. This is a trend we should be seeing from many entertainment and gaming companies as people go back to normal, and that may mean some market overreaction to your favorite stocks. So keep an eye on your entertainment stocks, and hold on tight! FEATURED PARTNER PORTFOLIO
Did you catch Brian Feroldi and Brian Stoffel’s livestream with Stock Card?
Folks, two of my favorite stock market analysts and diligent stock researchers, Brian Feroldi and Brian Stoffel, have joined the community of Stock Card portfolio publishers. Yesterday, both Brians hopped on a livestream to analyze a stock and highlight some useful features of Stock Card.
Their mission is to spread the knowledge people need for financial wellness. That mission lines up with our goals at Stock Card quite well! I highly recommend visiting the Stock Picks page and look up Brian Feroldi and Brian Stoffle and their portfolios live on our website. Brian Feroldi runs two: a Quality Checklist Portfolio and an interesting Anti-Portfolio, which consists of the stocks he reviews but doesn’t think quite stack up. Brian Stoffel also has two portfolios: the Fragile Portfolio and Anti-fragile Portfolio You can always find our partner investors’ portfolios by searching their name on the left-hand side of the Stock Picks page. Don't forget to follow these four new portfolios on Stock Card to get notified of their future additions. WANT TO RECEIVE THIS DAILY STOCK MARKET RECAP IN YOUR MAILBOX?Comments are closed.
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