🍨 Daily Scoop: Oil Company Goes Green

 The markets traded lower on Monday. [Open in Browser]( Issue #473 // April 20, 2021 GeekWire File Photo S&P 4,163.26 (-0.53%) Nasdaq 13,914.77 (-0.98%) Dow 34,077.63 (-0.36%) 10-yr 1.611 (+0.0081) Gold 1,772.30 (+0.10%) Oil 64.00 (+0.98%) *as of market close Hey Scoopers, After last week’s bull run, the markets took a pause, and all the three indices retreated from all-time highs. — More on that in the "Overall Market" section. Beyond the overall market, a movie theater company’s investors were happy with fewer restrictions announced in New York state. Meanwhile, a car accident could lead to more self-driving regulations. — More on that in the "What's Up?" and "What's Down?" sections. By the way, have you heard about an oil company's plan to go green? — 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 in the red zone on Monday. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin]( price plunged to $55K per coin. Buy These 3 Cryptos to Beat Bitcoin The cryptocurrency market is exploding in value right now… Bitcoin broke through $30,000... And dozens of cryptos have gone up more than 1,000%... If you’re ready to start capitalizing on this massive boom, legendary crypto investor Matt McCall just released a new free report, “3 Cryptos to Beat Bitcoin.” [You can claim your free report by clicking here.]( (By clicking you agree to receive email updates and special offers from Investor Place Media) Bull Run Paused The stock market ended in the red zone on Monday. After [hitting all-time highs in the previous week]( the bull run took a pause. Although stronger-than-expected economic data led the S&P 500 and the Dow Jones index to all-time highs, both indices retreaded. The Nasdaq index underperformed as [the 10-Year Treasury bond yield surpassed the 1.6% mark again](. Despite the decrease, all three indices are still close to all-time highs. Fewer Restrictions So, what happened? Shares of AMC (Ticker: [AMC]( were up by more than 3% on Monday. During the afternoon, [New York State authorities reported updated COVID-19 safety guidelines](. As of April 26, the guidelines will permit theaters to increase capacity to 50% from the current 25%. Following the announcement, the movie theater chain investors’ sentiment turned bullish. The markets believe that larger audiences will help movie theater companies recover the lost revenue since the pandemic started. 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 outside the norm.]( (By clicking you agree to receive email updates and special offers from Investors Business Daily) Regulations Ahead So, what happened? Shares of Tesla (Ticker: [TSLA]( were down by more than 3% on Monday. The drop came after officials started an investigation into an accident involving a Tesla Model S. Although Tesla’s cars require a person in the driver’s seat to take over the vehicle in case of an emergency, [officials stated that all occupants were in passenger’s seats](. The EV maker investors raised concerns that the accident could lead to more regulation toward self-driving features, a selling point for Tesla. Despite its efforts to eventually release the full self-driving feature, it recommends drives to be careful when utilizing the tool. An Oil Company Goes Green So what happened? Shell (Ticker: [RYDAF]( [asked for shareholders’ approval of its clean transition strategy](. Shell’s clean energy plan is the first one by a major oil company. As the markets forecast a fall in oil and gas demand, Shell believes that the prepared strategy would pivot the company away from oil. Although investors will have to wait until next month to vote, the company invited investors to endorse the idea. Shell’s plans include reducing its revenue dependency on oil for the next decades. It wants to reduce the output by 1%-2% per year, using the saved resources to boost spending on low-carbon energy. Furthermore, the company stated that it would sell only green energy products by 2050. Although investors are skeptical that the company will reach its low-carbon goals, environmental shareholders and investing groups encouraged Shell’s investors to engage with the company and endorse the plan. It seems that energy companies are starting to prepare for a greener future. 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. 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. 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