Net worth tracking
Login Sign Up
Become a Premium Member
  • All Opinions
  • Top Picks
  • Experts
  • Companies
  • Discover
Watch List
Home » Daily

More Washington drama as markets digest the PLT

Allan Tong Posted On September 26, 2019
0
0
Shares
  • Share On Facebook
  • Tweet It

Surprise, Stockchasers! 🙀

Welcome to our new Daily Top Picks newsletter. 🥳

It was long overdue. We hope you like it. We welcome any feedback–comments, complaints, suggestions–so just hit “reply.” Premium members will automatically receive it by midnight after each market close, while free users will find it at 9:30 am the next morning. Also, premium users will receive the new Premium Newsletter, featuring experts ratings and past top picks comments.

Not Premium yet?
Then, you’re missing out on 70% of the value. Just take a look here.

We’re also introducing Allan’s Daily Market Updates. After each trading session, we present a snapshot of the markets, summarizing the day’s highs and lows and the drivers behind them to help you plan for the next session.

To kick things off, here is Allan’s first Daily Market Update.

Enjoy!

American markets continued their see-saw pattern by falling today after rising Wednesday and falling Tuesday. Again, politics was the factor. On Thursday, the House Intelligence Committee in Washington released the whistleblower complaint it received that triggered the Democrats to formally launch an impeachment investigation against Donald Trump for trying to get Ukraine to dig up dirt on his Democratic opponent, Joe Biden.

On Thursday, the Dow fell nearly 80 points or 0.3% to 26,891 while the Nasdaq settled 0.58% lower to 8,030. The TSX closed a shade higher, up six points to 16,790. Meanwhile, Beyond Meat shares soared after the announcement that McDonald’s will offer the PLT (plant, lettuce, tomoto sandwich) at 28 locations around London, Ontario, for 12 weeks starting Sept.30,). BYND-Q jumped nearly 12% to $154.34, though Mickey D’s stayed flat, slipping three cents to $212.60.

Tesla also had a good session, climbing 6% to $242.56, after CEO Elon Musk told employees (in a leaked e-mail) that the company “has a shot” to reach 100,000 deliveries by the end of this quarter. If Tesla accomplishes this, it will be a new company record.

Meanwhile, Peloton launched today, getting off to a rough start down 11.17% from $27.00 to close at $25.76, below its IPO price.

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Royal Bank, Canopy Growth Corp. and More Earnings Reports this Week (May 23-27)
Melisa R. H. May 23, 2022
Target Corp, Inc, Visa Inc. and 18 Stock and 3 ETF Top Picks (May 13-19)
Melisa R. H. May 20, 2022
You may also like
UK Tories win, US and China agree to phase one, but markets mixed
December 13, 2019
Trade hopes push markets to record highs again
December 12, 2019
Markets flat or see-saw on geopolitical news
December 10, 2019
Read Next

A bumpy week

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
  • Popular Posts

    • Royal Bank, Canopy Growth Corp. and More Earnings Reports this Week (May 23-27)
    • Target Corp, Inc, Visa Inc. and 18 Stock and 3 ETF Top Picks (May 13-19)
    • Birchcliff Energy Ltd., Cardinal Energy Ltd and More at 52-week Highs & Lows (May 11-17)
    • Summer stocks fun or summertime blues? 3 stocks to consider this summer
    • 3 fast food stocks to buy this summer
  • Stock Lists

    • Summer stocks fun or summertime blues? 3 stocks to consider...
      May 17, 2022
    • 3 fast food stocks to buy this summer
      May 10, 2022
    • Are mega tech stocks still alive?
      May 3, 2022
    • 3 Consumer Stocks for Summer
      April 26, 2022
    • 3 Booming Resource Stocks: Fertilizer and Natural Gas
      April 19, 2022


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search