🗞️ The Wrap: Hangover
We check in on the biggest IPO over the year that never happened as well as the financial health of the world’s millionaires before a visit to the theatre. Enjoyed the data crunching from last week? There’s more, plus a special message to all FE devs out there!
Top 5 booziest stocks on Stake
- Boston Beer Co. (SAM) +15.84% in the last month
- Craft Brew Alliance (BREW) +12.46%
- Constellation Brands (STZ) +5.69%
- Ambev (ABEV) -5.05%
- Anheuser-Busch (BUD) -4.38%
So close yet so far
We were set for the biggest IPO of the year. If it had gone through, this Wrap would have had a different title, a different top 5 and you wouldn’t even be reading these words right now.
Budweiser is nursing a serious hangover after their planned IPO of their Asian arm fell through on Friday afternoon. Planning to list on the Hong Kong Stock Exchange, this IPO would have topped Uber as the biggest of 2019.
Its parent company, AB InBev, claimed difficult “market conditions” pressured them into folding. Critics simply say there was simply not enough interest!
AB InBev aren’t the only ones feeling worse-for-wear; JP Morgan Chase and Morgan Stanley missed out on between US$140m and US$170m of fees from the IPO.
Down, down, down
Capgemini has revealed the fortunes of the world’s wealthiest decreased last year for the first time since 2011. The combined wealth of all (official) High Net Wealth Individuals fell 3% last year. HNWIs are typically classed as those with over US$1m of investable assets; cash counts, houses don’t. Japan, USA, Germany and China make up 61% of all HNWIs.
More than 25% of the US$1.1trillion in losses were suffered by Chinese investors. This is inline with a 26% fall in Chinese stocks in 2018. Middle Eastern millionaires actually increased their wealth, bucking the global trend.
Data Deep Dive
Last week we had a look at weed stocks and some of the trends we are noticing on Stake. We’re back with more of the factoids and stats we all love so much. Here are 6 we pulled out of all trade data since June 1.
- Zendesk (ZEN) has the highest buy/sell ratio of any stocks at 31–1 i.e. there are 31 buys for every sell. The stock is up 16.7% in this time. Alteryx (AYX) and MercardoLibre (MELI) trail with a B/S ratio of 22–1 and 16–1 respectively.
- The 3 biggest buy orders were for Advanced Micro Devices (AMD), Micron and Barclays Bond Fund; 2 semiconductor manufacturers and a treasuries fund.
- One trader made 1008 trades. Boom!
- There were more cumulative trades of exactly US$1000, US$2000, and US$5000 than any other amount combined.
- Micron (MU) and Spotify (SPOT) were the most active stocks with more sells than buys.
A trader goes to the theatre
Matt L has been in Europe over the last couple of weeks and got to experience some culture (there is a first for everything) while in London. His sister got him tickets to see the Lehman Trilogy, a 3 part play retelling the story of the bank before it was made famous for its failure during the GFC.
Matt’s take — I really had no idea about the story of Lehman Brothers. All I knew was it was the first investment bank to fail during the GFC. The play told the story before all that, an epic tale of the once global powerhouse that was founded by 3 migrant brothers as a cotton trading firm from their shopfront in rural Alabama.
The actual theatre was brilliant — 3 actors (playing 15 characters), no costume changes and on 1 revolving set, the story uncovers the American migrant story and the constant pull of capitalism. With a strong emphasis on markets, trading and finance, I’m hoping it gets to Oz as the Stake crew & mavericks will love it!
Read more about it here: The Lehman Trilogy.
We’re hiring — Ionic Angular JS mobile + web developer
We’re growing and building you a better product. We know it’s been a while, but good sh*t is happening at Stake. That means we’re on the lookout for even more talent. Let us know if you have anyone in mind who would be a great addition to the team as a frontend engineer.
We hire people not positions, so even if you’re not an exact fit but can contribute across the board, drop us a note.
Check out more info here and if you or someone you know is a fit, reach out to Matt (mj@hellostake.com) with a bit of an introduction about yourself and your background.
Trader teaser
If 2+4 = 12,
4+4 = 32,
8+4= 96,
6+7 = 98,
What does 9 + 7 amount to?
As always, first 3 to reply with the correct answer get 50% off their next funding.
Best buy | Elastic +22%
Stay flexible! That’s what this trader did on their way to a 22% gain on Elastic. The Dutch SaaS company slingshotted the buyer from a year long all the way to a six-month high. They endured a 7% loss at first before the stock turned right around.
