July 31, 2020

Tesla Stirs the Pot

Tesla is shakin and bakin as the Market Masters are about to add it to our

favorite dish: the S&P 500.

Thanks to their last earnings report, the company qualifies to join the

legendary index; it would be the largest company added to the pot, and fund

managers would be tasked in rearranging nearly $45 Billion worth of

investments to accommodate the move.

There is no correct way to handle a stock as volatile as Tesla, nor is it easy

to predict the ripple effects this will have for the overall market. No matter

what happens, we at EVO are eager to see how investors handle this

adjustment and can’t wait to trade more!

Photo Worthy Moment

Wouldn’t it have been awesome to load up on Kodak (NYSE: KODK) shares before it

popped this week? And wouldn’t have options been even better?

If you think so, then maybe you should’ve been Jim Continenza, the CEO of Kodak.

Afterall, the day before news of the loan broke, he got loaded up with stock options now worth over $50 million.

It’s not like there’s anyway that he knew it was coming, right? No chance that the Chief

Executive Office had any insight on such a large deal that would move shares of the

company this favorably? We certainly don’t think so, but we’ll leave that decision to the

SEC…

Empire Building

Yesterday’s after hours hype about Amazon’s (NADSAQ: AMZN) earnings may

not have found support immediately at market open, but the stock still ended up

settling above some support half way through $3100 a share.

Maybe it’s the modern day Standard Oil, maybe it's the modern day Dutch East

India Company. Maybe Bezos is Genghis Khan in disguise.

Whatever it is, it will eventually come tumbling down; still, there’s always a

chance it outlives any of us here. Who's to say whether we’re at the top of the ride

or still on the way up?

Social Hour!

The Trump administration reportedly wants the Chinese parent company of TikTok, ByteDance, to sell its US based operations. This, of course, started up the rumor mill--might Microsoft be the one to make that kind of purchase?

If so, the $30 Billion valuation of the platform would make it Microsoft's largest acquisition, topping its previous record, LinkedIn, which they purchased for $28.1 Billion. 

In news more relevant to the kind of people who trade options, Microsoft is allegedly doing away with xbox live gold and making it free for multiplayer along when we get the highly anticipated Xbox Series-X.

Hey alexa, play “All I do is win” by DJ Khaled.