8 June Watchlist ๐Ÿ‘€

Table of Contents

ย 

Today we are watching…

1. Crown Resorts Limitedย (#crown)

The casino industry appears to be one of the first to tackle social distancing. There are serious risks of contracting coronavirus in crowds. The likes of Crown Resorts and Wynn have turned each slot machine into a private booth, and every guest to a casino has a thermal temperature test done at the door. Itโ€™s not perfect, though. Guests have to briefly pull down their face masks to make their identities clear to security cameras (no one thought of that, did they?), and bars still remain closed. States want casinos back up and running for tax revenue, and so have given them to all clear. Governors should be aware, though, that however they may feel about being short on cash is the same way other business owners feel who are canโ€™t to reopen on a whim!

2. American Airlines (#amerair)

It was a parabolic week for shares in American Airlines last week as the masses piled in for a 77% ride to the upside. The stock was so beaten up leading into last week that it had started to trade like an option. This means that even though the math says the stock is a zero, itโ€™s still trading, has revolving lines of credit, and could likely avoid officially declaring bankruptcy for some time. The stock cannot go below zero, and thereโ€™s a small chance that flight schedules pick up. The stock at $1 has enormous upside and very little downside. Thereโ€™s no knowing what will happen this week. The traders in American Airlines, Hertz, Luckin Coffee, and more car crash stocks are extremely aggressive. It could be sports betters turned stock betters. Weโ€™ll get confirmation in the days to come!

Share:
More Posts
The Crude Oil Bust ๐Ÿ›ข

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Metaverse Returns ๐Ÿค–

Meta, led by CEO Mark Zuckerberg, is intensifying its commitment to innovation in the Metaverse through the introduction of the Quest 3 VR headset.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.