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– TIMESTAMPS –
0:00 Intro
2:07 Stock Market & Wider Economy
7:00 Kodak
13:42 Nikola
18:10 JC Penney
19:59 Hertz
21:12 Final Thoughts
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⛓️ 🔗 Helpful Links 🔗 ⛓️
► Rise of interest in trading apps: https://techcrunch.com/2020/03/25/financial-markets-may-be-sliding-globally-but-interest-in-stock-trading-apps-soars/?guccounter=1
►Finance news is biggest grower: https://www.axios.com/business-finance-news-politics-coronavirus-3810b815-be69-4c66-bf44-ae9abe25b735.html
►Options trading at retail brokers: https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html
► Kodak 1900% surge: https://markets.businessinsider.com/news/stocks/kodak-stock-price-surges-765-million-government-drug-loan-2020-7-1029444079
► Nikola’ damning SEC filing: https://www.sec.gov/Archives/edgar/data/1731289/000104746920001479/a2240989zs-4.htm
► JCPenney bankruptcy: https://edition.cnn.com/2020/05/15/business/jcpenney-bankruptcy/index.html
► Image credit: Erlich Bachman riding unicorn can be accessed here: http://www.piedpiper.com/pied-piper-pic-behold-a-pale-unicorn/
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📝 Overview 📝
If you have been in crypto for any length of time, then chances are you know all about sh*tcoins. But did you know that those pump and dumps and 90% declines happen in other markets as well?
In this video I’ll be talking about the biggest shitcoin game in town and that would be the stock market. Today, I’ll be going over four stocks that you probably want to avoid like the plague.
📈 What’s Happening In The Stock Market & Economy? 📈
2020 has been a crazy year. In this topsy turvy world, it is maybe not surprising that the financial markets have been wild. We have not only seen the biggest points drop in history, but the biggest gains too.
In this crazy world there are some businesses that are doing well. That would be the likes of Robinhood, who have been able to convince millennials to trade their way out of a pandemic.
It turns out that when you have record unemployment stimulus cheques dropping from the sky and people staying at home, that they will look for alternative ways to make money! It so happens that online trading is a pretty socially distant way to try and make money from home.
If that wasn’t enough, gasoline is being poured on the fire by the mass of trading content being pushed out on social media and YouTube.
All that has led to a retail frenzy in stocks.
4️⃣ Kodak 4️⃣
This is an American technology company that produces camera-related products with a historical focus on photography. Yes, this business is somewhat obsolete given the invention of the smartphone.
This year, the Kodak share price pumped 1900% in two days! Why was that? Well, the company secured a $765 million loan to produce drug ingredients in response to the pandemic. The you had President Trump proclaim that the deal was ‘one of the most important deals in the history of US pharmaceuticals’.
That was enough to unleash a retail feeding frenzy.
I go into all the details and explain why this price increase is totally unjustified. Watch the video if you want to learn about that!
3️⃣ Nikola 3️⃣
This company is an American zero-emissions vehicle company. In short, it is basically Tesla 2.0 creating vehicles powered by hydrogen-electric engines.
The crazy thing is that they have a market cap of $13 billion. Oh yeah, Nikola hasn’t produced a single cent of revenue yet and doesn’t intend to earn anything till 2021.
In my video I go over a crazy SEC report filed by Nikola which discloses the risks with this stock. Honestly chaps, it is eye opening and I thoroughly recommend you watch that.
2️⃣ JC Penney 2️⃣
This US department store has seen better days as evidenced by its delisting from the US stock market.
This year the company actually filed for bankruptcy and cited the pandemic for blowing the business over. However, that did not stop retail investors from Robinhood piling into the stock.
1️⃣ Hertz 1️⃣
Watch my video to find out why you want to avoid this stock!
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Robinhood #nikola #stocks #trading #hertz #jcpenny #wallstreet
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