Happy Wednesday, friends! Yesterday, the S&P 500 hit a new all-time high. This would be surprising, but it seems this has been happening every few months for the last few years. It’s an occupational hazard of being one of the three most popular market indices in the U.S.
Speaking of which, they’re all trading down today! But, there are a few trail blazers jumping today that deserve a shout out 🗣
📚 Over the last few days, we’ve seen RISE Education jump double-digit percentages per day. $REDU provides English classes in China via in-person learning centers and online education. Today, they’re on the top of our Rippers list, jumping 28.5%. The renewed interest in the stock is coming as enrollment more than doubled in Q2.
👩🌾 GrowGeneration, a previous second place Ripper, returns to our list today. $GRWG is a farm supplies company. After upping their guidance for 2020, the stock went on nearly 123% jump over the last 5 days of trading. GrowGeneration’s CEO noted cannabis farming was starting to comprise a larger share of the farms they were servicing. $GRWG is not the kind of stock we typically see on the Rippers list, but it proves there is plenty of money in agriculture servicing.
🛒 Chinese retail company JD.com, one of the two biggest online retailers in China, jumped nearly 5% after JD Health, a subsidiary of the online retailer, announced it had raised nearly $1 billion from a private equity firm. $JD making a move in the healthcare space largely resembles similar moves $AMZN has made in the U.S. healthcare space. Only time will tell if these internet retailers can have a pronounced impact on the healthcare industry with the resources they have.
⛽️ Pacific Ethanol is number two on today’s list with a 13.5% jump. The oil and gas refining company, specifically creating ethanol biofuel, represents the commodities industry on today’s Rippers. Just as we noted last week — commodities are having a moment this year. Investors have started to abandon low-yield companies to seek opportunities in companies with physical presence and value. Given the trends in oil and natural gas production, it’s fair to assume that $PEIX is certainly not the first, nor the last, company from the oil play we will see on the Rippers list. T
That wraps our mid-week Rippers list. Check back on Friday for the recap on all the stocks making moves 🔥🔥🔥