🍨 Daily Scoop: McPlant Is Here

 It seems the stock market believes that the COVID-19 pandemic is over. Issue #364 // November 10, 2020 Geoff Robbins | Getty Images S&P 3,550.50 (+1.17%) Nasdaq 11,713.78 (-1.53%) Dow 29,157.97 (+2.95%) 10-yr 0.918 (-0.0169) Gold 1,868.40 (+0.75%) Oil 39.75 (-1.34%) *as of market close Hey Scoopers, The market just proved how irrational it could get. — More on that in the "Overall Market" section. Beyond the overall market, once beaten-down stock moved like a rocket, while a work-from-home stock got crushed. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, say hello to McPlant, ladies, and gentlemen. — 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 started the week in quite the opposite direction. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( continued to hover above the $15,000 level. The Elephant in the (5G) Room Now is a time when it pays to heed timeless financial wisdom. John Templeton, one of the world's greatest investors, once said, "To buy when others are despondently selling and to sell when others are avidly buying requires the greatest of fortitude and pays the greatest ultimate rewards." [Click here for details...]( Irrational Market The market had one of those crazy Mondays. During the weekend, the uncertainties about the election results got settled somewhat, and on Monday gave investors a reason to be hopeful. Moreover, Pfizer's good progress (Ticker: [PFE]( on the COVID-19 vaccine boosted investors' confidence. Work-from-home stocks got hit, and the more brick-and-mortar stocks had an excellent start to the week. The vaccine news was good, but still a long road ahead until it's ready. Pfizer's phase 3 trial showed a high effective rate. It is still headed for an emergency use authorization and far from having a vaccine ready for mass immunization. However, investors behaved as if we already have vaccines in production. Movements, like what we observed on Monday, show us to what extent the market behaves irrationally, both on the way up, and even more importantly, on the way down. Rocket So, what happened? Shares of Carnival Cruise (Ticker: [CCL]( were up by more than 37% on Monday. Investors' renewed hope for the possibility of a COVID-19 vaccine gave them hope that cruise lines can go back to the business of cruising, and all would be back to normal. When you have an extremely beaten-down stock, even small good news can fuel the stock to move like a rocket. Get Jason Bond’s Monday Mover Stock Ideas Jason Bond is identifying and trading stocks that are moving up 33%, 47%, 69%, and 101% over the weekend. Catalyst events are occurring each and every Friday…Don’t miss stocks poised to gap up this weekend. [Don't Miss This Friday's Monday Mover Trades!]( (By clicking you agree to receive email updates and special offers from Raging Bull) Double-Whammy Monday So, what happened? Shares of Zoom (Ticker: [ZM]( were down by more than 16% on Monday. It was a double-whammy Monday for Zoom. Firstly, investors assumed that with the COVID-19 vaccine progress, the work-from-home era is nearing the end. Secondly, the FTC [hosted a conference call]( asking the company to tighten up its security measures, referring to the so-called zoom-bombing phenomena in which unauthorized meeting attendees could join live Zoom sessions and disrupt the meetings with profanity. Of course, investors didn't like either of the two news, and the stock continued to tumble in the after-hours session. McPlant So what happened? It was only a matter of time before the big daddy of hamburgers, McDonald's (Ticker: [MCD]( decide to add a McPlant to its menu. And [the day has arrived](. The company was already testing the concept and is now ready to broaden the test to several locations and add McPlant to its menu. The lucky winner of the plant-based meat war is Beyond Meat (Ticker: [BYND]( who is going to be McDonald's supplier for its new plant-based burger menu item. Say hello to McPlant, ladies, and gentlemen! 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