🍨 Daily Scoop: Delivery Credit Card

 The stock market surged on Friday. [Open in Browser]( Issue #467 // April 12, 2021 REUTERS | Carlo Allegri S&P 4,124.11 (-0.11%) Nasdaq 13,843.51 (-0.41%) Dow 33,730.16 (-0.21%) 10-yr 1.674 (+0.013) Gold 1,733.80 (-0.63%) Oil 60.48 (+1.%) *as of market close Hey Scoopers, After a somewhat quiet week, the stock market prepared for the earnings report season starting next week. — More on that in the "Overall Market" section. Beyond the overall market, a company secured a deal that will bring its brand to the world. Meanwhile, delivery times and post-pandemic uncertainty negatively affected a fitness company’s stock performance. — More on that in the "What's Up?" and "What's Down?" sections. By the way, do you think a credit card would make you more loyal to a company? — 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 ended last week in the green zone. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin]( stayed at $58K per coin. Your Market Meltdown Playbook In it, you’ll see how Tom forecasted the 2008 market meltdown and why he believes history is repeating itself. Most importantly, you’ll learn why Tom isn’t worried about a potential crash and you shouldn’t be either. As long as you have a plan for it. [Watch the important briefing here]( (By clicking you agree to receive email updates and special offers from DTI Trader) More Records Part 2 The stock market ended in the green zone on Friday. Despite a week without any significant economic indicators changes, investors’ sentiment kept bullish. Following the records set earlier in the week, [both the Dow Jones index and the S&P 500 index rallied for another record-setting session]( on Friday. The Nasdaq index also returned gains after reverting earlier intraday losses. Now, the markets prepare for the earnings report season kicking off this week as analysts expect companies to report their highest earnings growth in more than ten years. Sports Streaming So, what happened? Shares of fuboTV (Ticker: [FUBO]( were up by more than 12% on Friday. [The streaming television company announced a deal for exclusive streaming rights to FIFA World Cup qualifying matches.]( Although fuboTV’s investor recently raised concerns about fuboTV not standing out among other streaming services, analysts believe the deal will guarantee worldwide exposure for the company. For fuboTV CEO David Gandler, the agreement enables fuboTV to achieve a larger audience and increment its sports content portfolio. It seems that the gap between sports and streaming services will narrow down even further in 2021. Daily trading lessons right to your inbox 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 Investors Business Daily ) Lagging Behind So, what happened? Shares of Peloton (Ticker: [PTON]( were down by more than 4% on Friday. After a skyrocketing growth amid the COVID-19 pandemic, investors have backpedaled on the fitness products company’s stock. As the vaccine rollout happens more rapidly than expected, investors raised doubts about whether Peloton will keep its demand once the public starts going back to conventional gyms. Along with the doubts, [Peloton’s flagship bike's waiting time is still longer than two weeks.]( Moreover, investors raised concerns that the delays in its product delivery time and the gyms reopening could drag down Peloton’s earnings in 2021. Delivery Credit Card So what happened? DoorDash (Ticker: [DASH]( [is reportedly planning to launch its credit card](. After capturing 55% of U.S. consumer meal delivery sales in February, the meal delivery company took the lead in the food delivery war. Although it’s not clear whether meal delivery’s demand would keep at the current levels after restaurants fully reopen, DoorDash is looking for strategies to push its competitors even further behind and bring customers even closer. Now, it is reportedly looking to launch its credit card. The company believes that a proprietary credit card will attract more customers to DashPass, enlarging its loyal customer base. The company hasn't selected an issuer so far. However, the food delivery company is reportedly exploring multiple large banks’ offers. The company also believes that working with a proprietary credit card would reduce credit card processing fees, which would allow the company to charge smaller delivery fees from its customers. If you have any questions, or suggestions let us know by emailing us at members@tradestocks.com. We look forward to hearing from you. The authors of this Scoop are the editorial team at Stock Card, led by Hoda Mehr. Hoda Mehr is CEO and Co-founder of [Stock Card]( and the host of Renegade Investors podcast. She runs a community of 40,000 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. 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