And I think it's gonna be Elon, lon time... 2020 keeps getting better for Rocket Man. Fresh off a historic SpaceX launch, Elon received an S&P 500 Club invite. Tesla will join the famous S&P 500 index on December 21st. It tracks the stocks of the 500 most valuable US public companies — and over $11T is invested in S&P-tracking funds. Fund managers will now have to buy Tesla stock, helping shares jump 20% for the week. But skeptics think the volatile stock could bring risk to the entire index.
The limit does not exist... to how many times you can retile the bathroom. Based on these recent home improvement earnings, the "House Hype" is still strong (going on four quarters now). Home Depot’s same-store US sales jumped 25% last quarter, and Lowe's soared 30%. You were probably ordering your Peacock Blue paint online and picking up curbside — Home Depot's digital sales rose 80%, and Lowe's more than doubled. Even anti-online rebel TJX is launching an ecommerce site for its HomeGoods chain.