Financial Insights
December 2020: San Diego Based Petco Files IPO
Petco Health and Wellness filed an initial public offering (IPO) with the SEC last week to be publicly on the Nasdaq with the ticker “WOOF.” The COVID-19 pandemic has contributed to a rise in pet ownership and spending, with Petco working hard to create multichannel approach and digital adaptations, but the company still struggles to remain profitable.
Market Update: December 7th, 2020
November was the best single stock performance month in decades, with the S&P up 11%. Interestingly, the S&P 500 stock index performance has broadened in recent weeks, from only a handful of mega-cap growth stocks in the lead, to over 90% of the index members trading above their 200-day moving average
Beta Bytes: Week of December 3rd
This week researchers reported that Jupiter is the first planet other than Earth seen to host what appear to be atmospheric light shows called “sprites” or “elves” , another top tech leader is leaving silicon valley, Salesforce announces revenue & new acquisition.
Market Update: December 1st 2020
By sector, energy stocks gained nearly 10% last week with optimism for 2021 pointing to stronger energy demand. Cyclical financials, industrials, and consumer discretionary stocks also earned several percent; on the other hand, health care was the only sector losing ground, with news of the President considering executive action concerning prescription drug prices. Real estate also declined on the week.
Beta Bytes: Week of November 28th
One of the biggest challenges Chief Technology Officers face is actively finding ways to make technology useful, rather than developing technology first and then looking for a problem to solve.
HP Inc. Reports Fiscal 2020 and Fourth Quarter Results
After hours HP stocked 9% based on the earnings report.
How to Avoid Overspending this Holiday Season
It has been a year of asking tough questions, but you may have to ask yourself a few more. “How much can I really afford to spend? What presents should I get? Are friends still interested in exchanging gifts?”
We are here to help you answer those questions. Here are our 4 tips to keep you from overspending on the holidays.
Market Update: November 23rd, 2020
World equity markets moved in different directions last week, with U.S. stocks declining and foreign stocks rising. Bonds fared well, as interest rates globally declined. Commodities also gained along with higher crude oil and industrial metals prices.
Beta Bytes: Week of November 21st
Moderna announces their COVID vaccine has early data showing it is 94% effective (following Pfizer's vaccine trial success), Salesforce introduces their new Revenue Cloud to give businesses agility and make the purchasing process faster, and Amazon's Jeff Bezos donated $30 million to the La Jola Salk Institute for Biological Studies for researching Climate Change solutions.