📝 The Cheat Sheet - July 31, 2021

 
Profit Trends

14.1% YTD

17.0% YTD

13.9% YTD

Dow Jones Industrial Average

S&P 500 Index

Nasdaq Composite

Olympic Rings

How to Profit From the Tokyo Olympics

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Dart Board

Meme Stocks: All-In or Not So Fast?

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Value Blocks

Why Value Investing Is a Passing Fad

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Smoke Stack

Carbon Capture: The Next Big Energy Trend

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Target
 

Robinhood (Nasdaq: HOOD), the popular investment app responsible for facilitating the meme stock craze, finally went public. On Thursday, the company started trading publicly with shares priced at $38.

The company raised $2.1 billion in its initial public offering and sold 55 million shares. Additionally, Robinhood stated that it would reserve between 20% and 35% of its shares for users of the financial service.

 

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Video - Matthew Carr

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I operate by a really simple idea: The trend is your friend.

Right Quote
 

- Matthew Carr
Chief Trends Strategist

 
 
Chart - American MSO Performance
 

At the moment, mobile and online gaming - or iGaming - and sports betting account for 12.5% of U.S. commercial gaming revenue.

And now - thanks to a popular catalyst - we're likely about to see sports betting revenue really vault higher.

One of the largest international sporting events recently kicked off - the Tokyo Olympics.

At least 20 million Americans plan to place bets on the Tokyo Olympics. That's roughly 8% of all adults in this country.

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