🍨 Daily Scoop: Pin + Bubble = Burst

 In a rare occurrence, all three indices ended the day deep in the red. Issue #318 // September 4, 2020 Drew Angerer | Getty Images S&P 3,455.06 (-3.51%) Nasdaq 11,458.10 (-4.96%) Dow 28,292.73 (-2.78%) 10-yr 0.638 (-0.0008) Gold 1,944.40 (+0.34%) Oil 40.98 (-0.94%) *as of market close Hey Scoopers, The gap between successful and struggling companies is expected to widen. — More on that in the "Overall Market" section. Beyond the overall market, investors showed some love to the unloved stocks, and we dealt with a case of chicken and egg behind the sell-off. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, COVID-19 is changing the restaurant menus, and we are sad about the departure of Nachos Supreme. — 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: In a rare occurrence, by the recent months' standard, all three indices ended Thursday in the red. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: Holy Moly, [Bitcoin's price]( dropped to approximately $10,000 per coin. There is no safe haven nature to Bitcoin. It moves along the stock market. 5 Stocks to make up the PERFECT 2020 gold portfolio This report is a primer to today’s evolving gold investment environment. Not only does it cover some of the basics like how to hedge your wealth safely with gold… but it also breaks down industry trends sector by sector… and pinpoints several high-quality growth stocks along the way. [Click here to download your free report right away]( Pin + Bubble = Burst So, once upon a time, there was a pin, who decided to meet with the bubble, and as soon as they shook hands, the bubble burst! A little bit of levity is needed after all three stock market indices decided to slide off of their recent all-time highs and record-highs. Of course, the drop on Thursday is still far from turning into a full-blown burst of the bubble, but we haven't had a red day like Thursday for a while. We can't precisely know the pin that burst the bubble. One reason can be that almost [900,000 people still filed for unemployment claims last week](. Or, it could be that the technology sector was getting ahead of itself. We can't have an upward market all the time. Can we? Some Love For The Unloved So, what happened? Shares of Carnival Corp (Ticker: [CCL]( were up more than 4% on Thursday. It's about time for the unloved stocks of the COVID-19 era to get some love. The company's Costa brand [announced]( it is resuming its operations. The operations would resume slowly and surely. And that's enough excitement to send the stock up on the day of a massive sell-off. The #1 Stock for the Electric Car Boom Former Wall Street whiz kid says there’s one small company at the epicenter of the $3 TRILLION electric car boom… and very few people are paying attention to it right now. [Revealed Here]( Chicken & Egg So, what happened? Shares of Tesla (Ticker: [TSLA]( were down by more than 14% on Thursday. Even Tesla isn't immune to a broad market sell-off. However, Tesla's role in the sell-off is more of a chicken and egg problem. As [the 9th largest companies listed in the market]( Tesla's sell-off must have been behind some of the overall drops in the market. It's possible that Tesla's drop was among the triggers that drove the rest of the market down. Oh No, Not Nachos Supreme! So what happened? COVID-19 has changed so much in our daily lives. One of the strangest impacts of COVID-19 is the change in restaurants' menus. Large restaurant chains are shifting and moving items in and out of their menu to deal with lower numbers of staff, the need to reduce to-go preparation time and reduce complexity in the menus. Chicken sandwich, bagel, and yogurt parfait [are among the victims of the COVID-19 pandemic at McDonald's]( (Ticker: [MCD](. Taco Bell, owned by Yum! Brands (Ticker: [YUM]( had already cut Nachos Supreme, Spicy Potato Soft Taco, Cheesy Fiesta Potatoes, Spicy Tostada, and the 7-Layer Burrito. It's now Mexican Pizza's turn to say goodbye to its top spot on the menu. Among all those changes, we are going to miss Nachos Supreme ... Our email address is members@tradestocks.com. Let us know if you have any questions, feedback, or ideas. 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 30,000 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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