Billionaires Space Race

By Felipe Nebesnyj Wed, Jul 7, 2021

Hey Scoopers,

After a week full of positive returns, the stock market started the shortened 4th of July week mostly in the red zone. — More on that in the “Overall Market” section.

Beyond the overall market, an eCommerce giant is entering a new era as its CEO and founder stepped down from the executive command. Meanwhile, a Chinese stock is being affected by the government’s actions. — More on that in the “What’s Up?” and “What’s Down?” sections.

By the way, have you bought popcorn for the next spaceflight season? — More on that in the “Water Cooler” section.

But, first, here is a recap of what happened in the market yesterday:

• U.S. markets: The stock market ended mixed on Tuesday. Scroll down to the “Overall Market” section to read more.
• Cryptocurrency: Bitcoin‘s price stayed at $33K per coin.

Gilder: “This Reboot Could Make You Rich”

A wealth revolution is coming.

And it could make you very… very… rich.

That’s the latest forecast from the man they call “America’s #1 futurist”… “Wall Street’s most influential technology trader”… and “a true American genius.”

How so?

“We’re headed for a potential $16.8 trillion reboot,” he says. “Nobody will remain untouched. And a few early investors could walk away with a king’s ransom.”

Click this link to find out more…

Reaching the Peak

The stock market ended mostly in the red zone on Tuesday.

After last week’s excitement from stronger-than-expected economic data, the markets lost some of its recent gains and broke the record-setting sessions streak. Investors’ sentiment is that the rapid economic growth could be reaching its peak. As the unemployment rate rose back up to 5.9%, Wall Street expects smaller gains for companies in the second half of 2021.

Under New Administration

So, what happened?

Shares of Amazon (Ticker: AMZN) were up by more than 4.7% on Monday. The 4th of July observance day marked Jeff Bezos’ last day as Amazon’s CEO. On Tuesday, Andy Jassy took over as the eCommerce giant’s CEO. Although Bezos became the executive chairman of the board, he leaves Amazon to focus on Blue Origin, his space travel and exploration aspiration. Despite the market’s overall weakness on Monday, investors felt excited about the new era for Amazon.

America’s Top Stock Cop Warns: “Do This BEFORE You Get the Vaccine.”

He predicted the coronavirus crash a month early…

He called the bottom of the crash too, on March 16.

Now, America’s top “stock cop” has an urgent warning for all Americans:

“Do this BEFORE you get the vaccine.”

Sieging Up

So what happened?

Shares of Tencent (Ticker: TCTZF) were down by almost 4% on Monday. After Chinese regulators began a security review of Didi (Ticker: DIDI), U.S.-traded shares of Chinese companies took a hit. The multi-business company’s stock has been heavily affected by Chinese regulators sieging up the country’s corporations. Investors began to feel uncountable with investing in companies that may have to comply with the Chinese government, the reason for which stocks from the Asian country are following a downward trend.

Billionaires Space Race

So what happened?

Although most people spend their vacations in Miami during the summer, Richard Branson and Jeff Bezos have different plans. The so-called “Billionaires Space Race” would take place this week as Virgin Galactic’s (Ticker: SPCE) founder Banson boards a test spaceflight on Sunday. The flight occurs nine days before Amazon’s (Ticker: AMZN) founder Bezos first trip to space aboard its Blue Origin’s rocket. The presence of both founders is not crucial for the flights. However, the CEOs and founders boarding the spaceflights help build confidence in the emerging industry.

Although the test flights are pretty dangerous, Bezos and Branson are not afraid of flying to space. Are you ready to watch the race?

If you have any questions, or suggestions let us know by emailing us at members@tradestocks.com. We look forward to hearing from you.

About the Author

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.