🍨 Daily Scoop: Queue The Q2 Earnings

 The market wasn't giddy as some disappointing earnings reports rolled out. Issue #278 // July 10, 2020 Nurphoto | Getty Images S&P 3,152.05 (-0.56%) Nasdaq 10,547.75 (+0.53%) Dow 25,706.09 (-1.39%) 10-yr 0.614 (+0.0049) Gold 1,805.30 (+0.08%) Oil 39.26 (-0.91%) *as of market close Hey Scoopers, The Q2 earnings reports started to roll, and investors didn't like what they heard so far. — More on that in the "Overall Market" section. Beyond the overall market, investing in things that rarely change paid off for some investors, while the expected slowdown in small businesses' transactions due to the COVID-19 pandemic spooked analysts. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, soon, we may have to pay for having a chat on social media. — More on that in the "Water Cooler" section. But, first, here is a recap of what happened in the market yesterday: Market Recap - U.S. markets: Thursday was a rocky day, and the indices didn't agree on the direction. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( is just moving in its place, a little bit up, a little bit down, and not much action. This is so atypical of the cryptocurrency market. [Hot Tech Alert] 32X bigger than 5G? 5G and "AI" are all the rage... But here’s what you likely don’t know: The world’s best investors are lining up behind an explosive new technology that could trump them all. Warren Buffett calls it "ingenious." [You can watch it here.]( The Q2 Earnings Started Some tough earnings report calls and lower-than-expected performance by retailers such and Bed, Bath & Beyond [made their mark]( on the stock market on Thursday. By the end of the day, only the Nasdaq index managed to finish in the green. Everyone is expecting a rocky Q2 earnings report season. Don't forget if everyone is expecting bad news, there is a chance that slightly better-than-expected results even if in the end end up pushing the market up. The earnings can be terrible, and the market may not react as everyone expects it will. Things That Never Change So, what happened? Shares of Waste Connections (Ticker: [WCN]( were up more than 4% on Thursday. The company is the third-largest solid waste and recycling services provider in North America, with roughly 14% of its revenue from the Canadian market. The company's stock price chart is a thing of beauty. Slow, steady, low-volatility climb to the up and right is the movement long-term buy & holders like to see. WCN just announced the dates for its upcoming quarterly earnings call and [shared a quick business update](. It seems that revenue is expected to be higher than what was forecasted before. Not everything was rosy because the leadership also shared the news of the potential negative impact of its energy sector. The company provides waste management services to oil and gas exploration and production sites. Regardless, the company is profitable, generates free cash flow, and pays a small dividend that seems sustainable. Pandemic or not, humans keep producing waste. Although the cost of running the operations during the pandemic is higher, the demand for the services is stable. This company is focused on things that rarely change, and that's where its strengths lie. Master Crypto Course Now Available Investment legend Teeka Tiwari has nailed numerous crypto recommendations over the past few years. Now, he has decided to give away his comprehensive 14-part crypto training course to anyone who wants to claim it. You can read more about this opportunity for free. [Click here to find out more.]( Some Slow-Down Is Logical So, what happened? Shares of Square (Ticker: [SQ]( lost more than 3% on Thursday. The stock is up more than 113% since the start of 2020. Square has profitable and free-cash-flow-generating operations. Why was the stock down then? The answer is not that clear. There was a bit of jump in the stock's trade volume, and financial analysts have been updating their ratings. For example, [analysts from Cowen downgraded the stock]( to a market performer, instead of outperformer. The downgrade is due to the expected impact of the Covid-19 pandemic on small businesses that use Square to process payments. If small businesses suffer, Square would too. It sounds logical to expect a slowdown in the company's performance. But, let's not forget that the stock market movement is never logical, at least in the short-term. Would You Subscribe To Twitter? So what happened? Social media has been anonymous with free service for such a long time and that it's hard for most people to believe Twitter's slow and gradual transition to a subscription model. People in the know are [analyzing the company's job postings]( and believe Twitter (Ticker: [TWTR]( may be working on a subscription-based platform. We don't know whether the main Twitter platform will ever go behind a subscription model. However, this can be the start of a new trend that consumers need to get used to. Good content and conversations are worth something, and Twitter may be the starter of such a shift in the social media business models. The company's stock is already up on the possibility of subscription revenue. This is a watchlist-worthy trend, and we have our eye on. Do you use Twitter, and would you pay to use it? We read all of our emails and would love to hear from you. Our email address is members@tradestocks.com. Hoda Mehr is CEO and Co-founder of [Stock Card]( and the host of Renegade Investors podcast. She runs a community of 10,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism, and storytelling to all aspects of her work. Before starting Stock Card, Hoda worked as a strategy and insights lead at technology companies including Symantec, Aimia and Sony. Create a free account to do your stock market research easily and mistake-free: [Stock Card]( We want to hear from you. 🙏 How are we doing? Please do us a favor... reply to this email and let us know a.) which sections you like the most and b.) what you would like to see more of. We appreciate your feedback. Copyright © 2020 [Trade Stocks]( Our address is 580 Broadway St., Laguna Beach, CA 92651. To update your preferences or unsubscribe, [click here](. (You can also send your request to Customer Care at the street address above.) Â