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Here's the Scoop for Monday: Bumble Is Not Hot

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tradestocks.com

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scoop@news.tradestocks.com

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Mon, Jul 26, 2021 11:03 AM

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 The markets had a strong day. Issue #541 // July 26, 2021 Bumble | Float Studio S&P 4,411.79 Nasd

 The markets had a strong day. [Open in Browser]( Issue #541 // July 26, 2021 Bumble | Float Studio S&P 4,411.79 (+1.01%) Nasdaq 14,836.99 (+1.04%) Dow 35,061.55 (+0.68%) 10-yr 1.261 (-0.0159) Gold 1,806.70 (+0.27%) Oil 71.66 (-0.57%) *as of market close Hey Scoopers, Although going through a selloff on Monday, the markets closed the week with strong gains. — More on that in the "Overall Market" section. Beyond the overall market, a semiconductor manufacturer received good news from analysts. Meanwhile, a hydrogen cell fuel company is not doing so well. — More on that in the "What's Up?" and "What's Down?" sections. By the way, are you ready for in-person dating? — 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 green zone on Friday. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin]( price increased to $32K per coin. Free - Digital Currency Summit 2021 During the Summit, more than 47 of the world's top digital currency insiders are gathering for an epic event. Where they will reveal the best investments for the digital currency bull run of 2021. And if you move fast, you can get access for free. [Click here for full details…]( Finishing the Week The stock market ended in the green zone on Friday. After sinking at the beginning of the week, the three major U.S. stock indexes sealed all-time highs. Although the markets went through a sell-off on Monday under news about COVID-19 cases increasing, investors put aside the concern as the increase happened only among the unvaccinated and hospitalizations stayed stable. Widening the Lead So, what happened? Shares of Nvidia (Ticker: [NVDA]( were up by more than 8% this week. The semiconductor manufacturer’s stock benefited from Morningstar’s comments about the company. Morningstar’s analyst Abhinav Davuluri is raising his moat rating to wide from narrow, thanks to intangible assets related to Nvidia’s GPU. The researcher believes Nvidia is widening its lead in the market. Free Options Education From OIC OIC has been providing investors with options education for nearly 30 years now. And we've been providing this education plus the resources and tools for investors to improve their knowledge of options trading... For Free! See what OIC can do to advance your options education experience. [Click here for the full details.]( Down Again So, what happened? Shares of Plug Power (Ticker: [PLUG]( were down by more than 2% on Thursday. Although the hydrogen fuel cell [company announced a new executive]( investors didn’t feel excited about the news. The company hired David Mindnich, an ex-Tesla executive. Plug expects Mindnich to replicate its prior manufacturing success at the electric vehicle maker. The bearish sentiment toward alternative energy stocks might have affected the news’ impact. Bumble Is Not Hot So what happened? Bumble (Ticker: [BMBL]( [announced its first restaurant](. “Bumble Brew” will be the dating app’s first restaurant to focus on a date-friendly approach. Although the company had plans to start the restaurant project before, the pandemic forced a postponement in its debut. Bumble expects the restaurant to be a perfect place for connections of all kinds, not limiting the experience just for lovely couples. According to the company, 90% of its US users are ready to date in real life again. If the project works out, it could help Bumble recover its stock value that has been 24% lower since the company went public. If you have any questions, or suggestions let us know by emailing us at members@tradestocks.com. We look forward to hearing from you. Felipe Nebesnyj is an Economics student who is passionate about the stock market and investing in the market. Originally from Brazil, he is working and studying in the U.S. and started learning about and researching the stock market at 16. Before joining Stock Card, Felipe worked on multiple stock market research projects that gave him the necessary knowledge and confidence to put into his stock market analyst career at Stock Card. Last but not least, he is an excellent violinist and enjoys video games. Hoda Mehr is CEO and Co-founder of [Stock Card]( and the host of the 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

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