The Morning Badger (1/9/17): WD-40, The Dow, Bitcoin Investments

Here’s everything you need to know to start your day:

  • WD-40, the popular fix-it-all lubricant in nearly every tool box, is actually a public company, WD-40 Company ($WDFC). They make 2000 Flushes, Lava, and other household item brands used around the world. WD-40 Company will release their quarterly earnings after the market closes. It just goes to show you that there’s a stock for everything.
  • The Dow hit 19,999.631 on Friday before closing at 19,963.80. It came just .369 points away from hitting the 20,000-point milestone. If you don’t know what this means, read this.
  • If you bought $10,000 worth of Bitcoin six years ago, your investment would be worth $38 million today. Talk about gains!

    StockTwits/Charlie Bilelio

Here’s what we’re reading this morning:

Sticker Shock, and Maybe Nausea, Hamper Sales of Virtual Reality Gear” by Nick Wingfield, The New York Times
VR is all the rage these days, but how many people are actually buying virtual reality headsets? Not as many as manufacturers would like.

Theranos starts 2017 by firing 40 percent of its staff” by James Vincent, The Verge
Theranos, the blood test startup with a product that yields highly questionable results, will likely close by the year’s end. These layoffs are just the beginning.

The US dollar is the strongest it’s been since 1986” by Gwynn Guilford, Quartz
Despite slowed inflation, the U.S. dollar is at its highest value in over 31 years. Here’s why.