🍨 Daily Scoop: V-Shaped Recovery Lives On | Trade Stocks

V-Shaped Recovery Lives On

By Mon, Nov 30, 2020

Hey Scoopers,

The v-shaped recovery is still going strong, despite all odds. — More on that in the “Overall Market” section.

Beyond the overall market, one stock rallied thanks to the Black Friday momentum, and another stock fell courtesy of a short interruption in Bitcoin’s rally. — More on that in the “What’s Up?” and “What’s Down?” sections.

Oh, by the way, the ride-hailing stocks’ fate turned 180 degrees. — 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: All three indices ended Thanksgiving’s week in the green. Scroll down to the “Overall Market” section to read more.
  • Cryptocurrency: During the long-weekend, Bitcoin’s price dropped to $17,000 per coin and recovered to more than $18,000 in a few days.

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V-Shape Recovery

Friday was a short trading day, and it was wrapped in green for all three indices. Despite all the warnings, concerns, and economic impact of the COVID-19 pandemic, with only one month left from 2020, the V-shaped recovery is still going strong and surpassing most experts and non-experts’ expectations.


Black Friday Rally

So what happened?

Shares of Etsy (Ticker: ETSY) were up by more than 10% on Friday. The company is amidst its longest Black Friday sales events that last about ten days and can fuel its revenue for one more quarter. Investors are buying the stock in anticipation of such stellar growth, once again.


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Bitcoin Momentum

So what happened?

Shares of PayPal (Ticker: PYPL) were down by more than 1% on Friday. The company is known as a big believer in the future of cryptocurrencies and has opened up its platform to enable such transactions. As Bitcoin lost its recently gained momentum, investors sold some of their PayPal shares with it.


This Week’s Earnings

So what happened?

This week is going to be another jam-packed week of earnings, with Zoom (Ticker: ZM), Snowflake (Ticker: SNOW), and DocuSign (Tocker: DOCU) among the companies releasing their latest earnings report. What are you watching this week?

Here is a list of some of the most important earnings you may want to have an eye on:

(Source: Stock Card’s Earning Calendar)

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

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 Stock Card