 An IPO Many Missed
Albertsons Companies (NYSE: ACI) is not a new name for investors, far from it. The company, as an investment opportunity, has been around for quite some time but its shares made their public debut just a month or so ago. Previously held by a consortium of private investors,.... |
Good MorningThe equities market got off to a positive start this week despite the negative finish to the prior week. The S&P 500, while not huge, was able to post a gain for the day and hold it into the close of trading. The action shows traders are optimistic about the coming earnings deluge despite the risks posed by COVID-19. This week is the busiest of the Q2 reporting cycle and includes reports from all the big-Tech names.
On the economic front, there are a number of events this week for traders to be aware of. Data points of interest include Personal Income and Spending, the 1st estimate for 2nd quarter GDP, and the latest FOMC decision on interest rates and monetary policy. Regarding GDP, the consensus is calling for the single largest contraction in U.S. GDP ever recorded. The risk for the market is that the figure will be better than expected and add fuel to what is already a historic market melt-up.
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| Markets | | | An IPO Many Missed
Albertsons Companies (NYSE: ACI) is not a new name for investors, far from it. The company, as an investment opportunity, has been around for quite some time but its shares made their public debut just a month or so ago. Previously held by a consortium of private investors,... Read the Full Story |
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| Markets | | | With shares printing an all-time high during Friday’s session, the video game holding company Take-Two (NASDAQ: TTWO) was showing no signs of its current rally slowing down. It’s been a phenomenal few months for investors of the New York company which has the likes of the widely popular ... Read the Full Story |
| Markets | | | Spanish chicken restaurant chain operator El Pollo Loco (NASDAQ: LOCO) shares have recovered to pre-pandemic levels after collapsing to multi-year lows during the March 2020 sell-off with the benchmark S&P 500 index (NYSEARCA: SPY). The stock is up against a key resistance level heading into its... Read the Full Story |
| | Markets | | | The Second Quarter Was Not Pretty
Hasbro (NASDAQ: HAS) just reported results for the 2nd quarter and it isn’t pretty. You’d think the company was perfectly positioned for the pandemic, toys and games should be in high demand, and you’d be right if not for one thing. The pandemic c... Read the Full Story |
| Markets | | |
HubSpot (NYSE: HUBS), which offers a cloud-based marketing, sales, and CRM platform, nearly tripled off its lows of mid-March to set all-time highs above $240 a share in early July. Since then, shares have pulled back and currently sit just above the 50-day moving average.
HubSpot has been hyper-... Read the Full Story |
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| The Early Bird Stock Of The Day Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking services. This segment serves high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. The company also provides asset management services, such as active and passive equity; active and passive fixed income; cash management; muti-asset and alternative asset classes comprising private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. In addition, it offers overlay and other risk management services. Northern Trust Corporation was founded in 1889 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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