🍨 Daily Scoop: Steroid

 The steroid drug became COVID-19's treatment, and video games are not treating ADHD. Issue #261 // June 17, 2020 Nicolas Asfouri | Getty Images S&P 3,124.74 (+1.90%) Nasdaq 9,895.87 (+1.75%) Dow 26,289.98 (+2.04%) 10-yr 0.757 (+0.0272) Gold 1,734.40 (-0.12%) Oil 37.72 (-1.72%) *as of market close Hey Scoopers, The market was on steroids on Tuesday. — More on that in the "Overall Market" section. Beyond the overall market, COVID-19 can be a surprising blessing for one stock, while a chip stock was too good for a financial analyst's taste, so he had to downgrade it. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, video games can now be an FDA approved treatment. — More on that in the "Water Cooler" section. But, first, here is a recap of what happened in the market yesterday: Market Recap - U.S. markets: All three indices had another good day. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( is in the mid-$9000 range, and [more than $900 million Bitcoin options expire on Friday](. With the crypto market, there is never a dull moment. A free retirement strategy you MUST see Want to learn how to retire rich with just 3 stocks? Get the names and tickers of the 3 stocks you need to get started. [Just click here.]( The Market Was On Steroids May was a good month for the retail sector, as sales jumped more than 17%. Also, [there was news about a COVID-19 drug breakthrough](. Who knew a common steroid drug could save lives? However, scientists' hopes are high on the ability of this commonly-used drug to treat COVID-19 patients. That two good pieces of news were enough for the stock market to have another green day. The stock market was figuratively speaking on steroids on Tuesday. COVID-19 As A Blessing So, what happened? Shares of Groupon (Ticker: [GRPN]( were up more than 16% on Tuesday. It's rare to hear good news from Groupon, but this time the company [surprised investors]( with better than expected earnings. Not that it made any profit, but adjusted for non-recurring items, the company performed better than what analysts were expecting. In his [shareholder letter]( the CEO panned out the leadership's plan to preserve cash and grow the company. While having more than 41 million customers still using Groupon is impressive; however, it is going through, yet again reorganization is not inspiring. There is an opportunity to use the reopening of the economy to help restaurants and small mom and pop shops to get back their customers. COVID-19 can be a growth catalyst, but it is a far fetched bet that not too many investors are willing to make. Buy this stock immediately And for a limited-time, Whitney Tilson – a former hedge fund manager with $200 million in assets is sharing little-known information on why this stock could be a huge winner. [Take a moment while you can to access the full details here.]( Too Good For Someone's Taste So, what happened? Shares of NVIDIA (Ticker: [NVDA]( were down more than 1% on Tuesday. The company's crime is that it's too good, at least that's what [Morgan Stanley analyst Joseph Moore thinks](. The analyst downgraded NVIDIA because the stock is overvalued. But, at the same time, it increased its price target from $362 to $380 per share. The stock is too good that Mr. Moore didn't feel comfortable with it. An FDA Approved Video Game So what happened? Patient's parent: Dr., my son/daughter has ADHD. Is there anything we can do to help him focus? Doc: Yes, of course. I'm going to prescribe for him to play video games. Patient's parent: What? Are you mad? Doc: No, I'm not mad. The [FDA just approved a video games as an ADHD treatment]( that I can prescribe. We read all of our emails and would love to hear from you. Our email address is members@tradestocks.com. Disclosure: Authors of this Scoop own shares of NVIDIA (Ticker: [NVDA](. Hoda Mehr is CEO and Co-founder of [Stock Card]( and the host of Renegade Investors podcast. She runs a community of 10,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism, and storytelling to all aspects of her work. Before starting Stock Card, Hoda worked as a strategy and insights lead at technology companies including Symantec, Aimia and Sony. Create a free account to do your stock market research easily and mistake-free: [Stock Card]( We want to hear from you. 🙏 How are we doing? 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