🗞️The Wrap: Flying Cars

This week, we dive into the soaring new heights for electric cars, divulge the best place to find a unicorn and tickle the curiosity of your eardrums. Plus, a few new updates from our end and a Trade Teaser to twist your brain.

5 stocks making 52 week highs

  • Virgin Galactic (SPCE) +26.3% 
  • Chemocentryx (CCXI) +16.4%
  • Galapagos (GLPG) +14.6%
  • American Water Works (AWK) +7.7%
  • Aqua America (WTR) +7.0%

Flying Cars

Our traders have certainly been enjoying the rise of Tesla (TSLA). In fact, 15% of the Stake community has traded the stock in the last 6 months. Several have more than doubled their money and a handful are seeing gains well into 6 figures. 

The good times will continue to role according to this investment manager. Ms Wood from Ark Investment sees Tesla reaching 10 figures as it becomes one of the next trillion dollar companies. This would push Musk’s company past US$6000 a share.

But Tesla isn’t the only electric car company around. Nio (NIO) is a Shanghai based EV manufacturer. While it’s down 75% since IPO, the tables may be turning as the stock price has climbed 145% in the last 3 months.

Vancouver based Electra Meccanica (SOLO) is also making strides by producing electric microcars. The one person three wheelers are the main focus of the US$82m company – a fraction of the size of its international competitors.

Britannia Rules the Way

The UK is the Unicorn Capital of Europe. While we wish you could take this literally, we are referring to the 8 start ups which hit the esteemed billion dollar valuation mark in 2019. From health to transport ticketing, founders and investors are enjoying life as owners of a 10 digit disruptor.

Perhaps more surprisingly, Britain outpaced China and the US in startup funding as VC’s poured over 10 billion pounds into the sector. There would have been a few champagne corks hitting ceiling around Hackney, the location of London’s ‘Silicon Valley’

This news comes as Stake opens its doors to our British friends. Know anyone who needs cheering up through the gloomy winter. Let them know we’re there.

5 stocks making 52 week highs

  • Associated Capital (AC) +48.7% 
  • Nio (NIO) +39.7%
  • Endo International (ENDP) +34.6%
  • Virgin Galactic (SPCE) +26.3%
  • Vir Biotech (VIR) +54.5%

5 stocks making 52 week highs

  • Nektar Therapeutics (NKTR) -18.8%
  • WW Intl (WW) -17.3%
  • Valaris (VAL) -16.9%
  • Insmed Inc (INSM) -16.1%
  • Arrowhead Pharma (ARWR) -16.0%

AUDCoin

The Reserve Bank of Australia has been working on a digital Aussie dollar. The Bank’s Innovation Lab has developed a crypto-style AUD asset which will be pegged to the value of fiat AUD. Before you throw away the shrapnel, lobsters and pineapples in your wallet, be aware that the tech won’t be released to the public. Then what’s it for?

It’s being trialled as a way to create a faster, cheaper and more secure way (the sales pitch of every crypto) to settle balances of financial institution’s Exchange Settlement Accounts. In simpler terms; allow banks to pay each other.

On the topic, check out this Blockchain ETF (BLCN) for exposure to a new wave of innovation.

An Update on Our Latest Update UD

In case you missed it, we’re live with the latest version of our app. Starting from the Wall St tab and branching out, there’s an incredible attention to detail in this app.

If you’re already on the new app and making the most of the new features, reply to this email with your feedback. Tell us what you think.

Here’s what you can find inside:

What we’re listening to | Freakonomics

Exploring the “hidden side of everything”, the team behind Freakonomics are geniuses. Their podcast features some amazing content. From the abstract and general (episodes like “Are we running out of ideas?”) to the strange and specific (“The economics of public toilets”), host Stephen Dubner breaks down questions and problems in a unique way. Essentially, never take anything on face value.

To me, some of the best investors are those who can make the secondary and tertiary connections following an event. The Bobby Axelrod type of thinking. Freakonomics help open our eyes to forming such connections 

The book is also a classic, opening up with a chapter on what schoolteachers and sumo wrestlers have in common. Must read. 

Trader Teaser

An NFL team plays in a 16 game season. They have a 50% chance of winning their first game, and every game thereafter their win probability increases by 2% (Week 2 they have a 52% chance of a win). What is the probability they go undefeated? 

You know the drill. First 3 correct replies win a 50% rebate on FX fees for their next AUD to USD transfer.

Best Buy | Nio (NIO) +40.4%

It’s not the first time Nio (NIO) has found the best buy section, and if it continues this run it won’t be the last. After buying a dip and waiting it out, this trader is up 40% this month.

While there have been hundreds of killer trades on Tesla, we thought we’d shine a light on those keeping an eye on its foreign brother.

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