🍨 Daily Scoop: A Good Week for Sports Betting

 The election week was a good week for the market. Issue #363 // November 9, 2020 Roy K. Miller | Icon Sportswire S&P 3,509.44 (-0.03%) Nasdaq 11,895.23 (+0.04%) Dow 28,323.40 (-0.24%) 10-yr 0.824 (+0.0093) Gold 1,964.20 (+0.64%) Oil 38.19 (+2.83%) *as of market close Hey Scoopers, The market seemed to be enjoying less uncertainty, at least for now. — More on that in the "Overall Market" section. Beyond the overall market, investors celebrated the rise of internet TV and punished a stock for a lower than expected forecast. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, the election was a win for sports betting stocks. — 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: Stock market indices ended Friday in disagreement, although it was a good week for the market overall. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( hovered above the $15,000 level. How Rob Booker turned $2,500 into over $18M Rob Booker just dropped an incredible briefing. It's starting soon, so don't wait! Your trading account can't afford for you to miss it! [Click here to watch now!]( (By clicking you agree to receive email updates and special offers from Daily Profit Publishing) Market Liked Less Uncertainty Stock market indices ended Friday somewhat flat, and then came the presidential election's results during the weekend. The question everyone wants to know is where the market is headed next week between now and the inauguration day. [Some believe]( that less uncertainty means a better outcome for the markets. [The futures' market on Sunday indeed showed signs of that.]( However, there are still too many causes for concern. More [than 10 million people are unemployed]( and the COVID-19 pandemic and its impact on the economy and society are still around us. For now, it seems the market likes less uncertainty. Internet TV So, what happened? Shares of The Trade Desk Inc (Ticker: [TTD]( were up by more than 26% on Friday. The company's platform enables brands to run advertisements on the so-called internet TV. The company [announced]( its latest quarterly earnings. It seems digital advertisements beyond Google and social media ads have taken off, and the Trade Desk's stock price has rallied with it. Who Else Wants “The Trade of the Century”? "If you do nothing else to protect your financial future... I urge you to set aside a little time and attend what is already considered... The biggest financial event of the year!" [RSVP Here Now]( Alteryx Inc So, what happened? Shares of Alteryx Inc (Ticker: [AYX]( were down by more than 20% on Friday. The company [announced]( its latest quarterly earnings report. The provider of self-serve analytics software had a stellar quarter. However, its forecast for the next quarter wasn't as good as its last quarter. In response, investors sent the stock price tumbling. This is not the first time that this has happened. The same thing happened last quarter, and the stock managed to recover from it. It seems Alteryx investors never learn. Sports Gambling Stocks Won Too So what happened? Last week we discussed that the election was a win for several cannabis investors as [Arizona, New Jersey, South Dakota, and Montana voters ended their marijuana prohibition](. Similarly, the election was a win for sports gambling stocks. Maryland, Louisiana, and South Dakota legalized sports betting, and companies such as DraftKing (Ticker: [DKNG]( had a good week in response to a more significant market opportunity. 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