🍨 Daily Scoop: The Battle of Prime

 The stock market was down for the day, after a streak of winning days. Issue #276 // July 8, 2020 Shutterstock.com S&P 3,145.32 (-1.08%) Nasdaq 10,343.89 (-0.86%) Dow 25,890.18 (-1.51%) 10-yr 0.651 (+0.0049) Gold 0.23 (-0.23%) Oil 40.62 (+0.00%) *as of market close Hey Scoopers, After a few green days, it was time for the market to stop its winning streak. — More on that in the "Overall Market" section. Beyond the overall market, one digital healthcare stock jumped up, while a darling of the restaurant industry disappointed. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, the battle of Prime continued. — 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: The indices ended Tuesday in the red. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( is in the same range as it was before. However, [the options data]( shows some investors are betting the $50K per coin price tag. 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.]( Stocks Don't Always Go Up All three stock market indices finished Tuesday in the red. It's good for the market to go down every now and then. It reminds investors that it doesn't have to keep going up. The Energy and Financial Services sectors led the fall, and almost all other sectors followed suit and finished the day in the red. Virtual Healthcare On the Rise So, what happened? Shares of Livongo Health (Ticker: [LVGO]( were up more than 20% on Tuesday. The company is a provider of a technology platform for the detection and prevention of diabetes in the United States. The company's solution expands into other medical conditions, such as weight management. The company [announced]( a preliminary second-quarter report, and revenue is exceeding everyone's expectations. Livongo is not profitable but has more than a 70% gross margin. With no debt on its balance sheet, it continues to fund its growth without worrying about cash. The COVID-19 pandemic has helped the company grow even faster, and more employers are looking for digital ways to help their employees manage their health. This is a watchlist-worthy stock for investors looking at the future of healthcare. Silicon Valley Visionary: “This Will Be the No. 1 Tech Stock of 2020.” Jeff Brown is a tech investor known for his incredible success rate. In fact, he’s invested in 111 different tech startups… and made money on 95.3% of them. Like Intabio, which developed a groundbreaking system to test biopharmaceuticals. Jeff’s stake is up 900%. Or ShapeShift, which Jeff got into very early... As of today, he estimates his investment is up 25,000%. He made 743% in three days on InfoSpace! And now, he’s just released the details on his number one tech stock for 2020. [Click here to watch this valuable presentation.]( Nothing Left To Like So, what happened? Shares of Shake Shack (Ticker: [SHAK]( lost more than 6% on Tuesday. The company [provided a business update]( and apparently, same-store (ahem, same-shack) sales are down between 39% & 64% from April to July 2020. The company attributed the decline to the COVID-19 pandemic and street riots that reduced foot traffic, orders, and operating hours. Despite the revenue drop, the company has resumed opening new shacks and has paid $50 million in revolving credit it has withdrawn before. It has nearly $200 million in cash and marketable securities and burns through $200K per week. That means there is enough cash to support the company for quite a while. While the stock is far from its hype days of 105 per share, it's likely that there are opportunities to resume growth in the future. The Fight of Titans So what happened? The fight between Amazon (Ticker: [AMZN]( and Walmart (Ticker: [WMT]( is stuff for a movie, mostly because Walmart wants to take back its rein in the world of retail. The latest battle is the battle of Prime. The role of Prime membership in creating loyalty to Amazon is no surprise to anyone. And, now, [Walmart wants to replicate that success by introducing its own version of Prime, called Walmart+](. Whether Walmart succeeds to fend off Amazon's control over the online retail is a question we would need a crystal ball to answer. But the battle is pretty exciting to watch. 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 Amazon (Ticker: [AMZN](. 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? Please do us a favor... reply to this email and let us know a.) which sections you like the most and b.) what you would like to see more of. We appreciate your feedback. Copyright © 2020 [Trade Stocks]( Our address is 580 Broadway St., Laguna Beach, CA 92651. To update your preferences or unsubscribe, [click here](. (You can also send your request to Customer Care at the street address above.) Â