🍨 Daily Scoop: The Old Economy

 The old economy stocks were back in the green thanks to the news of vaccine progress... Issue #282 // July 16, 2020 Getty Images S&P 3,226.56 (+0.91%) Nasdaq 10,550.49 (+0.59%) Dow 26,870.10 (+0.85%) 10-yr 0.627 (-0.0050) Gold 1,813.50 (-0.02%) Oil 41.02 (-0.44%) *as of market close Hey Scoopers, The old-economy stocks had a good day on Wednesday, while the new work-from-home ones lost excitement. — More on that in the "Overall Market" section. Beyond the overall market, a new battery market is getting off the ground, while the launch of a new home video product category didn't get too much excitement. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, do you also have a love and hate relationship with financial analysts? — 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 finished the day in the green but only barley. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( is not moving. The $9,200 range seems to be a resting place for the Bitcoin volatility, at least for now. 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.]( The Old Economy Is Back Comparing the start and the end of the day, the market didn't move too much. However, there was quite a lot of action in between. The most important trend we observed was the so-called work-from-home stocks losing value, while the more legacy businesses got a boost. [The news]( of a possible vaccine sooner than we all assumed brought hope to the market and the old-economy stocks had a good day. A New Battery Market So, what happened? Shares of Bloom Energy (Ticker: [BE]( were up more than 37% on Wednesday. The company is in the renewable energy market and helps companies and residential units store and manage their energy more efficiently. The jump in the stock price came after [the news]( that the company will be launching new hydrogen-powered fuel cells that produce renewable hydrogen in 2021. The timing of this announcement is interesting because we just went through a battle of Tesla (Ticker: [TSLA]( vs. Nikola (Ticker: [NKLA]( investors. Nikola makes hydrogen-fuel trucks, whereas Tesla is an electric truck maker. There is a new category of energy stocks emerging that plan to bank on hydro cell batteries' future. This market is one to watch. Master Crypto Course Now Available Investment legend Teeka Tiwari has nailed numerous crypto recommendations over the past few years. Now, he has decided to give away his comprehensive 14-part crypto training course to anyone who wants to claim it. You can read more about this opportunity for free. [Click here to find out more.]( A New Product Category So, what happened? Shares of Zoom (Ticker: [ZM]( were down more than 1% on Wednesday. Analysts from CRFA started their coverage of Zoom and gave a sell rating. At least one analysis firm believes the demand for video conferencing has peaked, and there is not much left to gain. This downgrade came on the same day the company [launched its Zoom for Home hardware product](. According to Zoom's CEO, this is a new category of products. People want to work from home, and they need something more than a laptop with a camera on it. This is a home assistant device for work-from-homers and maybe the start of a new category of devices we all need to buy and own. Time will tell, but this is a bold move by Zoom. A Love & Hate Relationship So what happened? Folks, most of us have a love and hate relationship with financial analysts. We know they don't have any skin in the game. It's not that money on the line when they make a buy or sell recommendation. And, we hate them for it. At the same time, we love checking out their stock ratings. It's a form of validation or additional data point that helps us in our stock market research. However, it's hard to find those upgrades and downgrades in a nice and clean table. Recently, we came across [a page on the Wall Street Journal]( that does just that. While we have no association with the WSJ, this free page is a good tool to have in your arsenal of stock maker et research tools. Loving or hating the financial analysts, [this page]( gives you good info. What other tools do you use for research stocks? Let us know so we can share it with fellow Scoopers. Our email address is members@tradestocks.com. Disclosure: Authors of this Scoop own shares of Tesla (Ticker: [TSLA](. 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](. 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