February 5, 2020
Just one month into the year and Tesla is already a clear-cut front runner as the stock pick of the year.
After reporting a fourth-quarter earnings beat last week, the stock has been on absolute fire, gaining over 40 percent alone this week, and has already doubled year-to-date.
Tesla CEO Elon Musk reportedly owns 33 million shares of Tesla stock, so he is clocking some serious gains.
Gambling Capital Closes For 2 Weeks: Macau, the gambling capital of the world, said it will close for 15 days as China tries to contain the spread of the coronavirus. The Chinese territory is roughly five times the size of Las Vegas. Surprisingly, all the major casino stocks across the board rallied on the news.
SEC Warns About Coronavirus Scams: The SEC issued a warning to investors on Tuesday, alerting them to be on the lookout for scams tied to the virus’s spread. The SEC says they are becoming aware of a number of online promotions, including on social media, that aim to attract investments in companies that claim they can prevent, detect or cure the infection.
The Best Acquisition In History?: Instagram, acquired for just $715 million in 2012 by Facebook, now accounts for over a quarter of the entire company’s sales. Instagram brought in $20 billion in advertising revenue in 2019. The latest estimates have Instagram valued at well over $100 billion, making it one of the most profitable acquisitions of all time.
The Tesla Casino: Tesla stock is on a run unlike anything we have seen in the market in quite some time. Shares of the electric vehicle-maker are up a whopping 71% in just the past five days. Tesla now has Toyota Motor company in its sights to become the most valuable car company in the world.
How Much Does YouTube Make?: Alphabet, Google’s parent company, disclosed for the first time ever the size of YouTube’s ad sales, which brought in $15 billion in 2019. YouTube’s ad sales are up 86 percent since 2017. Google purchased YouTube in for $1.65 billion in 2006, making it one of the best tech acquisitions of all-time.
Fourth To A Trillion: Amazon is officially the fourth company in history to surpass the trillion-dollar market cap-milestone. The e-commerce giant reported a fourth-quarter sales beat last week, vaulting the company past the historic trillion-dollar mark. Amazon, joins Alphabet, Apple, and Microsoft as the most valuable companies in the world.
Crowdfunding Investing App Gets Offer: Rally Rd., a crowd-funding investment app that enables users to invest in rare collectible items has received a $40,000 offer for its 1971 Muhammed Ali, ‘Fight Of The Century’ contract. The company initially offered shares in the contract at $15.50 each, and investors will walk away with $19.29 per share, a 25 percent increase in less than two months.
Amazon Lending?: Amazon seems to have its hand in virtually every industry, making it no surprise that it is looking to get into the lending business. Amazon is reportedly close to striking a deal with Goldman Sachs to offer small-business loans to its U.S. customers.
Empty Nesters, Behold: With the kids out of the house, have you found yourself with a little more time on your hands and cash in your pockets than usual? For some, this is a great feeling, but how can you make the best use of these newfound funds? Check out What New Empty Nesters Can Do With Their Extra Money and Time
Real Estate For All: Contrary to what many of us have been conditioned to think, investing in real estate is an option for everyone–even if you don’t have thousands of dollars on-hand to get started. Read 4 Ways to Invest in Real Estate with Little Money to Start to see how you can get started.
Debt Free Priorities: 68 percent of Millennials report debt as having a “negative impact” on their daily life (vs. 59 percent of GenXers and 48 percent of Boomers). In fact, it’s their top goal in…life. More on the numbers in 94 Percent of Millennials Say This is Their No. 1 Life Goal
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