🍨 Daily Scoop: Upcoming Listing

 The markets logged another day of losses on Tuesday. [Open in Browser]( Issue #474 // April 21, 2021 Abbie Parr | Getty Images S&P 4,134.94 (-0.68%) Nasdaq 13,786.27 (-0.92%) Dow 33,821.30 (-0.75%) 10-yr 1.564 (+0.0018) Gold 1,782.30 (+0.22%) Oil 62.61 (-1.21%) *as of market close Hey Scoopers, The stock market logged negative returns on Tuesday, reinforcing the bearish sentiment from Monday. — More on that in the "Overall Market" section. Beyond the overall market, an EV company’s investors were glad to see a global bank’s analysts started to cover the company with a Buy rate. Meanwhile, worse-than-expected results made investors disagree with an airliner’s CEO. — More on that in the "What's Up?" and "What's Down?" sections. By the way, have you ever used this company to build a website? — 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 Tuesday. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin]( price climbed up 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) Moving Backward The stock market ended in the red zone on Tuesday. The previous session’s bearish sentiment endured, setting a backward movement from the stock market’s all-time highs. Airlines and cruise lines traded lower, leading both [the Dow Jones index and the S&P 500 index to another losing day](. Although the indices decreased for the second day in a row, investors kept bullish as the stock market is still 10.8% up in 2021. Moreover, [the 10-Year Treasury bond retreaded to 1.56%](. However, the positive sentiment was not enough to stop the Nasdaq index from decreasing 0.92% and underperforming again. Buying Rate So, what happened? Shares of Fisker (Ticker: [FSR]( were up by almost 5% on Tuesday. After Bank of America (Ticker: [BAC]( initiated coverage with a buy rating, [the EV maker’s stock value boosted](. Fisker’s contract with Foxconn to manufacture its EVs was the basis for the Bank of America’s buying rate decision. Although Fisker’s Ocean SUV production would only occur in late 2022, investors’ sentiment is turning bullish. Moreover, analysts also suggested watching Fisker’s EVs reservation trends during 2021 as the company forecasts a high demand. 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) Not Ready for Take-off So, what happened? Shares of United Airlines (Ticker: [UAL]( were down by more than 8% on Tuesday. [The plunge came after the company released its first-quarter results.]( Although the airliner’s investors expected a rebound for United, the worse-than-expected report spotlighted the persisting demand issues for the company. United's CEO Scott Kirby stated that despite the report, the company expects a path to profitability in 2021. However, missing the revenue estimates for more than $200 million was not enough to stop investors from starting a sell-off. Upcoming Listing So what happened? Squarespace [released its S-1 filing](. Unlike the wave of companies going public through SPACs, the software-and-hosting provider is pursuing a direct listing on the NYSE. Although it is not available for trading yet, the company plans to utilize the ticker symbol “SQSP” when its stock becomes available to investors. Not too unlike its largest competitor Wix (Ticker: [WIX]( Squarespace’s financial metric shows a rapidly growing company. Squarespace’s S-1 filing also revealed a profitable company with a 28% revenue growth in 2020 compared to 2019, unlike its other competitors. Along with the revenue growth, the company repeatedly posted cash generation in the last years, [leading to the company’s decision not to pursue a traditional IPO](. Its CEO Anthony Casalena stated that although the earlier days at the company were frustrating, its team could identify the market trends and change Squarespace’s strategy. Based on its competitors’ stock prices skyrocketing amid the pandemic, the market is confident that Squarespace’s listing comes at the perfect moment. It seems that investors soon will have one more option to bet on the Web’s 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. Copyright © 2021 [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