Stocks soared on Thursday as the market headed into the final trading days of 2022. The S&P 500 went up 1.8% to 3,849, while NASDAQ increased 2.6% to 10,478.
Tweet of the Day
Positive developments towards inflation all across the board
Fertilizer prices are down 40%+ since March
Food prices should follow suit given the close correlation pic.twitter.com/rlAeHP7bDK
— Game of Trades (@GameofTrades_) December 29, 2022
Chart of the Day
Our chart of the day is the one-year chart of Dutch Bros (BROS) as of September 10, 2022, when the stock was at $37.
Dutch Bros Inc. is an operator and franchisor of drive-thru shops that focus on serving hand-crafted beverages.
BROS used to be part of the Aggressive Growth Portfolio, but we sold the stock earlier this year. Now its on the radar.
A year ago, Dutch Bros was about to roll into some unexpected expenses inflation-wise. Dairy Costa, labor costs, even container costs shit up.
Now, looking ahead, profits could bounce back the next few quarters.
BROS could emerge as a stock market leader when the new Bull Market begins in 2023.
– David Sharek, Founder of The School of Hard Stocks
