🍨 Daily Scoop: Ride-hailing Fate Has Turned

 Tuesday turned out to be a green day for the stock market. Issue #375 // November 25, 2020 Getty Images S&P 3,635.41 (+1.62%) Nasdaq 12,036.79 (+1.31%) Dow 30,046.24 (+1.54%) 10-yr 0.869 (+0.0148) Gold 1,808.70 (+0.23%) Oil 45.38 (+1.05%) *as of market close Hey Scoopers, The Dow index hit a new all-time high record. — More on that in the "Overall Market" section. Beyond the overall market, bank stocks rallied. And, a 6% drop in a home-buying stock wasn't too worrisome. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, the ride-hailing stocks' fate turned 180 degrees. — 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 continued their green and upward movement on Tuesday. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( surpassed the $19,000 per coin level. Wow! This was a rally even faster the last time Bitcoin got this close to the $20,000 level. Top 3 Growth Stocks to Own for 2021 Stock market investing isn't nearly as difficult as many professionals would have you believe...To make things easier we have assembled a brand new report on how to find the best stocks and industries to invest in, along with our 3 top stocks for 2021. [Download the Stock Report Here (Free)]( (By clicking you agree to receive email updates and special offers from Fxtradegroup) New-Found Hope The market indices rallied on Tuesday, and [the Dow hit a new all-time high record](. Of course, the recent vaccine development progress has been the fuel for the market. Moreover, investors seem to be seeing President-Elect Biden's focus on rebuilding the economy instead of regulatory interventions and higher taxes. Those are two strong forces that give the market new-found hope for the future. Banks Rallied So, what happened? Shares of Citigroup Inc (Ticker: [C]( were up by more than 7% on Tuesday. The company was among the worst-performing banking stocks in Q3 and had been hovering in a relatively undervalued price range. That's why the good news about vaccine progress helped the stock rally faster than its rival banking stocks. Citigroup wasn't the only bank stock that rallied. Shares of Bank of America Corp (Ticker: [BAC]( JPMorgan Chase (Ticker: [JPM]( Wells Fargo & Co (Ticker: [WFC]( were among other banking stocks that rallied on Tuesday. Up to 100,000 companies now using “6G”? Jeff Brown has made some incredible revelations before... The angel investor predicted the top tech stock on the S&P 500 in three of the last four years... He unveiled the key piece inside Apple's new iPhone – on stage in New Haven, CT – months before the phone has even hit the market. [In this video, I’m going to give you the name of this company for free – including the stock symbol.]( Not Worrisome So, what happened? Shares of Zillow Group Inc (Ticker: [Z]( were down by more than 6% on Tuesday. Anytime any stock drops 6% as worrisome. However, for Zillow, the 6% drop is negligent. On March 17th, the stock was hovering at $28 per share, and since then, thanks to the digital home-buying experience fueled by low-interest rates and the great migration from cities to suburbs, the company has had a staller run to more than $100 per share. So, a 6% drop isn't worrisome to most investors. The 180 Degree Turn of Fate So what happened? A few months ago, the government was after the ride-sharing companies and their business model. Companies such as Uber (Ticker: [UBER]( and Lyft (Ticker: [LYFT]( were at the brinks of dismay, and their stocks were beaten-down to a fraction of their original IPO prices. But, since the election, there has been a 180-degree turn of fate for these companies: Firstly, their millions of dollars investments in Proposition 23 in California paid off handsomely, and they were able to keep their exemption from the need to hire their drivers. Moreover, there [was news]( that the government signed an $810 million contract with Uber and Lyft to offer their services to government employees. What a 180-degree change of fate! 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