We Bet You Didn’t See This Coming
A sleeper social media stock is one of this year’s best performers.
It’s amazing what a few tweaks to operations can mean for a company, and their shareholders.
Today’s Rundown on Twitter begins now.
But first a few letters on pot stocks:
“So how can a cash market for pot ever be regulated and tax payers benefit”
Legal pot operations file all the same paperwork as other publicly traded companies. They also file a myriad of additional regulatory licenses etc. It’s all for keeping tabs on them, and there’s always eyes on the money.
“I bought CRON 1 week ago and it’s already up by 26%.“
Congrats, you’re in the money now! And Canada did in fact pass bill C-45 late Thursday to legalize recreational pot use. We wouldn’t be surprised if you lock in another 26% soon.
Send your thoughts to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Friday, June 8, 2018…
Twitter Joins The Market’s Biggest Boys
Twitter (NYSE: TWTR) stock is up 5% for the week.
CNNMoney noting, yesterday’s positive close marked a 10-day win streak for the company.
Not an easy feat in today’s choppy market.
Year-to-date the stock is up over 60%.
And aside from a correction in late March, the chart is exactly what holders want to see:
And thanks to this impressive run, the popular news and social network is now part of the S&P 500, as reported by Business Insider.
This also means that S&P index funds had to buy up 77.6 million shares of TWTR Thursday.
This of course has powered shares to new 3-year highs.
TWTR’s running with the big dogs now, and it’s a remarkable comeback story.
The past few years were rough on both the company and its shareholders.
Business Insider noting, after an incredible post-IPO run in 2013, the stock lost 80% of its value over the following two and a half years.
Those were some dark days.
But patience is paying off for folks who held onto their positions.
And after some growing pains, it seems TWTR has found the formula for success in the social media landscape.
Comparatively for the year, TWTR is beating the pants of its closest rivals Facebook and Snap Inc.
If you use Twitter you know not a whole lot has changed. You can use more characters, and the overall layout has been updated a few times, sure. Functionally-wise however, it’s still type with your thumbs and post.
But for the past two quarters TWTR has posted profits.
Meaning something new is working for them.
But what is it?
According to CNNMoney, folks love that TWTR has finally embraced live video.
And not just regular users. Advertisers love it too.
Ad dollars mean more revenue.
More revenue means growth, reinvestment, a rise in share value, higher dividends, etc.
A case and point for fundamentals powering shares.
You have it right here with Twitter.
Now, turning to the markets this morning…
Market Rundown for Fri., June 8
Yield on the 10-Year Treasury sits at 2.93% this morning, down 0.003.
S&P 500 futures are down 8.00 at 2,764.
Oil’s down $0.28 to $65.67.
Gold’s down $1.01 to $1,301.
Bitcoin goes for $7,553 this morning, according to CoinDesk.
Send your feedback and questions to TheRundownFeedback@SevenFigurePublishing.com.
We’ll talk again on Monday.
Have a great weekend.
For the Rundown,