🍨 Daily Scoop: Robin Hood Or Prince John?

 Thursday turned green for all three indices. Issue #391 // December 18, 2020 Getty Images S&P 3,722.48 (+0.58%) Nasdaq 12,764.75 (+0.84%) Dow 30,303.37 (+0.49%) 10-yr 0.926 (-0.0116) Gold 1,888.90 (-0.08%) Oil 48.25 (-0.23%) *as of market close Hey Scoopers, The second COVID-19 vaccine and the second stimulus packages got closer to approval, sending the market into the green. — More on that in the "Overall Market" section. Beyond the overall market, launching two new plant-based products made investors hungry for a company's stock, while losing a long-time partner cast doubt in the minds of another company's investors. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, Robin Hood turned Prince John in real life. — 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: The stock market indices ended Thursday in the green. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( moved up as if there is no stopping to its rally. Silicon Valley Visionary: “This Will Be the No. 1 Tech Stock of 2020.” Jeff Brown is a tech investor known for his incredible success rate. In fact, he’s invested in 111 different tech startups… and made money on 95.3% of them. Like Intabio, which developed a groundbreaking system to test biopharmaceuticals. Jeff’s stake is up 900%. Or ShapeShift, which Jeff got into very early... As of today, he estimates his investment is up 25,000%. He made 743% in three days on InfoSpace! And now, he’s just released the details on his number one tech stock for 2020. [Click here to watch this valuable presentation.]( Market Got A Boost All three indices finished Thursday in the green, and the Nasdaq index led the pack as usual. Congress is [getting closer to the new stimulus package](. And, the second COVID-19 vaccine by Moderna (Ticker: [MRNA]( got [the blessing of the FDA's approval panel](. Both news gave the market the boost it needed to stay above zero. Plant-Based Food So, what happened? Shares of Tattooed Chef Inc (Ticker: [TTCF]( were up by more than 5% on Thursday. This is a company that went public via a SPAC IPO, and it is riding the wave of the global interest in plant-based foods. This hipster new packaged-food startup is flying off supermarket shelves from cauliflower pizza to cauliflower mac and cheese. On Thursday, the price jump came after the [announcement]( that the company introduced two new product lines, making investors hungry enough to stock up on TTCF's shares. Learn how to make more money trading stocks! Get 12 free stock market lessons delivered to your email from Investor's Business Daily, the leader in investing education for over 35 years. We’ll cover the basics of better investing and show you how to give yourself an edge in the market. [Get Free Lesson]( (By clicking you agree to receive email updates and special offers from Investor's Business Daily) Losing A Partner So, what happened? Shares of Chicken Soup for the Soul Entertainment (Ticker: [CSSE]( were down by more than 3%. This company is building an ad-supported streaming platform. Instead of paying a subscription to get unlimited movie access and watch TV on the internet, you accept to watch ads in between your shows and TV programs. Roku's (Ticker: [ROKU]( success has proved that ad-supported internet TV is quite a viable alternative to subscription-based streaming. Therefore, CSSE could have the potential to benefit from that trend. The price drop on Thursday and in the recent few weeks comes after the announcement that the company's partner, Sony (Ticker: [SNE]( who has a stake in CSSE, has decided to sell its ownership, which was enough to cast doubt in investors' minds and drag the stock price down. Robinhood turned Prince John So what happened? The [SEC fined the popular commission-free investing pioneer $65 million]( for misleading its users and leaving them worse off financially. The SEC figured out that the company's practice of selling its users' orders to the so-called market makers, and that process ended costing Robinhood's users money in the form of higher prices for their orders. Selling orders to market makers is not illegal, but not telling users what the company does is the issue. That's why the SEC fined the company. The ironic part of the story is that for an app that makes trading accessible and calls itself Robinhood, costing its users money in executing their order is not so much Robin Hood-like. It seems Robinhood turned Prince John in this real-life Robin Hood story. If you have any questions, or suggestions let us know by emailing us at members@tradestocks.com. We look forward to hearing from you. Disclosure: Authors of this Scoop own shares of Chicken Soup for the Soul Entertainment (Ticker: [CSSE](. 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