Bearish Wednesday

Again, an update from the Stockchase team…

The exclusion of past top picks in the newsletter makes some users unhappy. 😢

Past Top Picks are now part of the Premium Edition of the Daily Top Picks but you still can read Past Top Picks comments for free on Stockchase.com or even using the free mobile apps. When you receive your Daily Top Picks newsletter, just click on the Stockchase logo at the top. Then, on the site, browse to All Opinions to read all the daily opinions including Past Top Picks.

We did receive positive feedback but we care deeply about the critical comments.

Removing Past Top Picks from the free edition wasn’t an easy decision to make but we did want to offer more value to the paid subscribers. It cost money to pay editors to watch the shows and write the comments and run the web site. We do have some ad revenues when you browse the content online, but no revenues when you read the content from the free newsletter. Operating the site isn’t sustainable without the support of paid subscribers. We are always listening and running experiments to find the right balance between paid and free content. It’s not easy.

Unfortunately, we don’t want to sound dramatic but without revenues Stockchase would simply die. 💀

Stockchase and Wealthica still offer lots of free features…

– We added Allan’s Daily Market Summary to the free newsletter
– We added stock price, logos, stock chart and change data to the free newsletter
– We recently updated the free Mobile Apps with new watchlist features
– We regularly publish free Stock Ideas posts (the latest: seasonality)
– Each Friday, we publish a recap of the Weekly Top Picks
– 50+ new stock opinion summaries available for free each day
– We also make a free app to track your net worth: Wealthica

We do promote the premium offering and appreciate your support if you join Premium, but we still highly value your subscription to the free tier of our apps. Hopefully, you’ll remain a member of the Free Daily Top Picks and you enjoy the new version. If you want to show your support, you really miss the Past Top Picks and would like access to the experts ratings and more, please join Premium.

Now back to our regular programming… 😉

Bearish Wednesday

Sell sell sell. That was the mantra on Wednesday as world markets continued to shed stocks after Tuesday’s brutal PMI reports which stated that U.S. factory output hit a low not seen in a decade. The Nasdaq fell 1.56% to 7,785, the S&P dropped 1.79% to 2,887 and the Dow plunged 1.86% to 26,078.

The TSX wasn’t immune from the American contagion, shedding 0.83% to close at 16,310. Among the sea of red, there were a few silver linings. CAP REIT closed positive, up 0.66% to $54.67 and green utility Northland Power rose 0.47% to $25.48.

However, that was nothing compared to the Stars Group soared 30% to $26.49 upon news that Stars will merge with Flutter Entertainment. The deal would result in combined revenues of 3.8 billion UK pounds, based on 2018 figures and make it the world’s largest largest online betting operator. Market-wide selling may continue, as futures after the Wednesday closing bell were relentlessly negative.