Your Stock Market Check In Week

Noah Bhalloo (G9)

Published Issue 2 2021-2022

Economics

Strongest Stock Growth:

The Standard and Poor’s 500 stock, S&P 500, is one of the biggest stocks in the market to this day. Just like Dow Jones and GSPTSE, S&P 500 is a stock market index containing some of the most famous stocks such as eBay, Bank of America, and Chevron Corporation. Not only that, but it has lots of potential in upcoming months and years. Why is this important to know? Well, because it has made a major impact on big investors since March of 2021. Although instances such as the pandemic and 2008 stock market crash had interfered with the progression of the stock from increasing, S&P was able to withstand these occurrences and bring a record close and high hovering under $5,000. This achievement was because of the other stocks that impacted its uprise including Tesla which has pulled over $450 in the past year. This has also been the case for other stocks in its index including Netflix, American Airlines, and HP. Inc.

Speaking of Tesla, one of the highest climbs in the stock markets was the Tesla stock, which achieved a goal of over 1,000 USD from recently being 880 USD from the beginning of the week. This is because Tesla has been on fire lately with a ton of owners and potential buyers. Electrical vehicles in recent years have been very popular. This is even shown in the Tesla stock charts because a couple of years ago, Tesla was only at 49 USD. Other proof of the Tesla stock going up is shown through the growth rate of other EV Stocks such as Lucid Motors and Li Motors. And in simpler words, more buyers means more investors.

Other Stocks For Your Watchlist:

Alphabet Inc. (GOOG) This is one of the stocks to look out for as it has made huge progress in the market as it has grown 300 USD in the past month. Alphabet operates on huge international internet companies such as Youtube, Nest, and Waze, also its own basket of shares.

Teladoc Health Inc. (TDOC) Teladoc has been a leading company in virtual health care and telemedicine. In late October, they had gotten an increase in customers by 27% from the beginning of the year. Lately, it has been signed with other companies such as CVS and Centene related to health care agreements. This has really boosted its stock.

Chipotle Mexican Grill. (CMG) Chipotle Mexican Grill has grown in recent years with new locations and new Mexican-based foods that have gotten a lot of attention and popularity. Just recently, Chipotle has released a smoked brisket in their USA and Canadian locations which has already gotten a lot of attention and boosted their stock as one of the fastest-growing stocks in the market.

Moderna. Inc. (MRNA) Moderna has clearly grown in net worth and the stock market based on the vaccine and how much effort they put in to save lives during the pandemic. In October, they boosted their COVID-19 vaccine doses for seniors, which helped them in the stock market.

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