🍨 Daily Scoop: Got The Donuts

 The market started the new week deeply in the red. Issue #354 // October 27, 2020 Noam Galai | Getty Images S&P 3,400.97 (-1.86%) Nasdaq 11,358.94 (-1.64%) Dow 27,685.38 (-2.29%) 10-yr 0.798 (-0.0067) Gold 1,910.80 (+0.27%) Oil 38.68 (+0.31%) *as of market close Hey Scoopers, The stock market started the new week in the spooky zone. — More on that in the "Overall Market" section. Beyond the overall market, investors didn't seem to care much about one stock's FDA approval while freaked about the general market's negative sentiment and sold a tech stock in advance of its earnings. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, it seems a burger restaurant chain which has already got the meats wants to add the donuts. Guess who may be acquiring who? — 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 started the week deeply in the red. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( stayed above the $13,000 mark as the crypto market continued to celebrate PayPal's (Ticker: [PYPL]( plans to add Bitcoin and few other cryptocurrencies to its services in 2021. Reliable Retirement Trading During the Crisis Markay Latimer has developed one of the most reliable retirement trading approaches we’ve ever seen. It helped her build an initial stake of $2,000 into over $2 million, even while navigating the crisis of 2008.Those powerful results are explained in a critical presentation Markay calls “the State of the Market." [Click here to catch her briefing now]( (By clicking you agree to receive email updates and special offers from Daily Profit Publishing) Spooky Monday Maybe it's because Halloween is around the corner, the stock market decided to start the week in the spooky zone. Jokes aside, all three indices ended Monday deeply in the red. [The surge in the number of COVID-19 cases and Congress's continued struggle to approve the second stimulus cheques]( were the two most important factors dragging down the market on Monday. It also didn't help that market that [China sanctioned a few large American industrial companies]( for selling weapons to Taiwan. Who Cares About An FDA Approval? So, what happened? Shares of Abiomed Inc (Ticker: [ABMD]( were up by more than 2% on Monday. The company is the proprietary owner of "temporary mechanical circulatory support devices that are primarily used by interventional cardiologists and heart surgeons." And, it just [received FDA approval for its cardiopulmonary bypass support system](. Surprisingly, the stock jumped only more than 2% after such news. It seems investors were already paying a high price for the stock, and the FDA clearance wasn't surprising. Nevertheless, this medical device stock just got a bit stronger with a new line of products. How to calmly make money in these volatile markets... Trade wars are striking terror into the markets... No-one knows what craziness will come next. But I've not losing a wink of sleep…Over the last decade… I’ve formulated an easy way to turn unpredictable markets into cash in my pocket. [Let me share it with you.]( (By clicking you agree to receive email updates and special offers from Trader News Media) Freaked About The Overall Market So, what happened? Shares of Fortinet (Ticker: [FTNT]( were down by more than 5% on Monday. This cybersecurity stock has been on an upward rally since the COVID-19 pandemic. The company [is expected to announce]( its latest quarterly earnings report on October 29th. It seems that beyond the fact that investors were selling the stock to lock their gains, the overall negative market sentiment freaked investors. Otherwise, there wasn't any reason for the stock price to drop. We Got The Donuts So what happened? Amidst the market's craziness, the parent company of Arby's, Inspire Brands Inc., is [in talks to acquire Dunkin's]( (Ticker: [DNKN](. Yes, we have the COVID-19 cases surging all around the world, and yes, the election is heating the market, and yes, the U.S. and China tension is heightened, but what goes well after a burger? If you said a big sugary donut, you are in alignment with Arby's owners. Arby's got the meats. Now it wants the Donuts. If you have any questions, or suggestions let us know by emailing us at members@tradestocks.com. We look forward to hearing from you. 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](. (You can also send your request to Customer Care at the street address above.) Â