To the Moon

By Felipe Nebesnyj Thu, May 27, 2021

Hey Scoopers,

Although the markets temporarily forgot inflation concerns, new data show consumers are already feeling it. — More on that in the “Overall Market” section.

Beyond the overall market, two companies delivered excellent news to their investors. First, a live TV streaming company announcing exclusive broadcasts for the World Cup qualifying matches. Second, a car manufacturer announced considerable investments in EVs. — More on that in the “What’s Up?” and “What’s Down?” sections.

By the way, are you excited to see the man drive Moon’s surface? — 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 Wednesday. Scroll down to the “Overall Market” section to read more.
• Cryptocurrency: After dropping under $31K per coin on the weekend, Bitcoin‘s price stayed at $38K per coin for the second day in a row.

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Decreasing Confidence

The stock market ended in the green zone on Wednesday.

Although concerns about higher inflation persisted, investors left it temporarily aside yesterday. After data showed the consumer confidence index decreased, the markets started digesting that post-pandemic inflation might decelerate the current stocks’ bullish run. Experts believe the price increase caused consumers not to spend their money, forcing down the index.

Exclusive Rights

So, what happened?

Shares of fuboTV (Ticker: FUBO) were up by more than 16% on Wednesday. The jump came after the company announced its programming for the upcoming Qatar World Cup. Although it would broadcast only 70 qualifying matches, fuboTV guaranteed exclusive live-streaming rights to the events. Despite only broadcasting to South America, investors are confident about the events as soccer is SA’s most viewed sport. Furthermore, investors believe sporting events’ comeback would support the company’s growth in 2021.

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Huge Investment

So what happened?

Shares of Ford Motor (Ticker: F) were up by more than 8% on Wednesday. After the company shared its electric vehicle plan details, investors’ sentiment turned bullish toward Ford’s future. During an event yesterday, its executives announced more than $30 billion in EV development until 2025. Along with the investment in the EV market, Ford announced subscription software for the future to help boost revenue. It seems that Ford is more than ready to dip dive in the EV market.

To the Moon

So what happened?

Lockheed Martin (Ticker: LMT) and General Motors (Ticker: GM) are developing NASA’s next moon rover.

After Lockheed landed a $4.6 billion contract to build NASA’s Orion Spacecraft, the company announced it would work with General Motors to develop the space agency’s new rover. The new lunar vehicle would enable astronauts to explore the Moon’s surface farther than ever before. Among its features, the rover would equip astronauts with autonomous, self-driving systems. It would allow NASA to control the rovers from Earth, preparing sites for human landings in the future. Although GM’s experience with space is less than Lockheed’s, the automotive giant helped NASA build the original moon rover in the 1970s. Therefore, Lockheed believes GM’s contribution to battery-electric technologies and development experiences would perform a crucial role in the project.

Although competitors in the aerospace industry, it seems that both companies forecast a profitable future for space explorations.

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.