🍨 Daily Scoop: Moderna Joins the S&P 500 | Trade Stocks

Moderna Joins the S&P 500

By Thu, Jul 22, 2021

Hey Scoopers,

For the second day in a row, the stock market put aside concerns about increasing COVID-19 cases. — More on that in the “Overall Market” section.

Beyond the overall market, an American money-transfer company’s investors were excited about the news that the company would be purchased. Meanwhile,  a green energy company left investors disappointed with new offerings. — More on that in the “What’s Up?” and “What’s Down?” sections.

By the way, Moderna made it to the S&P 500. — 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 in the green zone on Wednesday. Scroll down to the “Overall Market” section to read more.
  • Cryptocurrency: Bitcoin’s price increased to $31K per coin.

Last chance to get into the VOMMA Zone…

Wealth is created MUCH faster in times of crisis… like the situation we’re in right now.

And… Don Kaufman believes the current VOMMA Zone is “The Big One” – the Mother of All VOMMA Zones – that can quite possibly create generational, legacy-building wealth for you in the next 18 months… even starting with just a little money.

Click here to discover for yourself how the current VOMMA Zone could create the most prosperous, positive period of time in your life!

(By clicking you agree to receive email updates and special offers from Trader News Media)


Concerns Aside

The stock market ended in the green zone on Wednesday.

For the second day in a row, investors calibrated expectations over a COVID-19 cases resurgence. Although alarming, the case number increase has happened only among the unvaccinated, along with a red-hot economic expansion that continues to show momentum. Taking advantage of investors putting aside the concerns, all the three indexes rose more than 0.8%.


Acquisition Squeeze

So, what happened?

Shares of Moneygram (Ticker: MGI) were up by more than 11% on Wednesday. The spike came after rumors that several parties are interested in acquiring the American money-transfer company. According to the report, the company received interest from a cross-border payments company and a private equity firm. If confirmed to be accurate, the acquisition could bring high profits to investors who bought the rumors.


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…


Offerings Hit Hard

So what happened?

Shares of Orbital Energy (Ticker: OEG ) were down by more than 20% on Wednesday. The dip came after the green energy company announced a share offering. The company agreed to sell 10.4 million shares of stock to institutional investors. The company would sell each share for $3.65, way far from the value its stock was trading just before the announcement. Although previous investors had a losing day, new investors could buy the stock at a discount.


Moderna Joins the S&P 500

So what happened?

After its Covid-19 vaccines success, Moderna (Ticker: MRNA) joined the S&P 500 index. The “Club 500” membership gives a serious Wall Street credit for the companies that make part of it. With trillions of dollars invested in funds that mirror the companies in the S&P 500 index, it is a unique opportunity for Moderna to stay relevant and profitable after the pandemic. Since the beginning of the COVID-19 pandemic, Moderna has increased its market value by more than $110 billion. Moreover, Moderna revealed a whopping $1.2 billion profit on $1.7 billion in vax sales. Although it was Moderna’s first profit ever, it is enough to give confidence to new investors.

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.