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Despite turmoil overseas, the US economy continues to grow, increasing opportunities for domestically-focused companies.
T-Mobile US, Inc.
TransDigm Group Incorporated
The Boston Beer Company, Inc.
Toll Brothers, Inc.
United Bankshares, Inc.
Glacier Bancorp, Inc.
Eagle Materials Inc.
Vector Group Ltd.
Antero Resources Corporation
MB Financial, Inc.
Signature Bank Expands West Coast Operations With Appointment of Executive Director and 42 Professionals Spanning 15 Private Client Banking Teams
Helping to lead stocks higher, social media giant Twitter (NYSE: TWTR) was up 6%, while homebuilder Lennar (NYSE: LEN) picked up 5%. Twitter shares have rebounded sharply during July, rising nearly 20% in just over a week's time. Rival Facebook (NASDAQ: FB) has gotten the most attention, as dozens of high-profile companies have pulled advertising from its platforms because of Facebook's failure to address concerns about hate-speech posts.
T-Mobile (NASDAQ: TMUS) today announced that the company has opened up the exclusive T-Mobile Home Internet pilot to Kent, Muskegon and Ottawa county residents whether they’re a T-Mobile customer or not. T-Mobile Home Internet is just $50/month all-in and features many of the same benefits that have made T-Mobile the fastest growing wireless provider for the past seven years:
Investors need to pay close attention to Antero Resources (AR) stock based on the movements in the options market lately.
The wireless carrier reported solid results and finally closed its game-changing merger with Sprint.
The current health scare drives market volatility and calls for investment in consumer staples, healthcare and IT sectors for stable returns.
If you want the most 5G coverage, you want magenta. A new report measuring 4G and 5G experiences from over one million customer devices released today from Ookla, a leader in mobile network testing, data and analysis, shows that T-Mobile customers get 5G in nearly 20x more cities than Verizon and AT&T (almost 130x more than Verizon alone). And according to Ookla®, T-Mobile customers with a 5G device have a faster 5G Capable Speed Score — a measurement of upload and download speeds customers with 5G devices experience across the entirety of the network — than Verizon customers. And now that Sprint is part of T-Mobile, all Sprint 5G customers have access to T-Mobile’s nationwide 5G network, the largest 5G network in the country, reaching 225 million people and covering more than one million square miles. The report also noted that T-Mobile’s network delivered the best response times or "latency" and came thisclose to tying for first on consistency.
The cell tower manager generally followed the market's swings, apart from a sudden boost when two major customers closed their troubled merger.
Skyrroz and Inoxtag have the latest gear from Turtle Beach (HEAR) and ROCCAT, which is remarkable for driving growth of the brands in the market.
Uber Technologies (NYSE: UBER) was not too happy when Grubhub (NYSE: GRUB) decided to sell its business to Just Eat Takeaway. Just Eat Takeaway offered a similar price, however, and Grubhub's owners felt the partnership made for a better exit. It instead focused on a smaller competitor in the U.S. food delivery space: Postmates.
What happened Boston Beer (NYSE: SAM) shareholders are trouncing the market this year. Their stock jumped 42% compared to a 4% decline in the S&P 500 through the end of June, according to data provided by S&P Global Market Intelligence.
(Bloomberg) -- SoftBank Group Corp. shares touched their highest level in two decades as a series of buybacks helped the stock recoup losses suffered during the coronavirus market rout.The stock rose 4.6% to 6,190 yen ($58) on Tuesday, the highest since March 2000. That’s more than double the level in mid-March, which marked the virus-impacted low point for the company, whose market value has since surged by roughly $68 billion. The benchmark Topix index was little changed on the day.SoftBank’s recovery is something of a vindication for founder Masayoshi Son, who unveiled plans to sell 4.5 trillion yen of assets to reduce debt and bankroll record share buybacks. Son has frequently complained that SoftBank’s shares, even at their peak, have traded at less than the value of its portfolio of investments. Even after the recent gains, the stock still trades at a discount of about 50%, according to company’s own calculations.“It’s safe to assume part of today’s strong move was a result of buyback activity,” said Justin Tang, head of Asian research at United First Partners in Singapore. “A more positive global sentiment around tech also helped.”SoftBank has also had a series of wins over the same period, including merging its Sprint Corp. with T-Mobile US Inc. and seeing some bets pay off. Online home-insurance provider Lemonade Inc. surged as much as 86% in its U.S. initial public offering Thursday.SoftBank’s Vision Fund, with close to 90 companies in its portfolio, lost almost $18 billion in the fiscal year ended March 31, as it wrote down the value of investments in WeWork and Uber Technologies Inc., among others. Son himself has said he expects about 15 of the fund’s startups to go bankrupt while predicting another 15 will thrive.“SoftBank’s business model has evolved over the past 20 years to match the times, from software to wireless service and now to an investment fund,” said Naoki Fujiwara, chief fund manager at Shinkin Asset Management Co. “The way the coronavirus is reshaping our society, the winners will be communications infrastructure, networks and AI -- all businesses that SoftBank invests in.”(Updates with closing shares in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares of restaurant delivery marketplace Grubhub (NYSE: GRUB) jumped 44% in the first six months of the year, according to data from S&P Global Market Intelligence. A buyout offer from Uber (NYSE: UBER) and a subsequent agreement to sell itself to Just Eat Takeaway, the European food delivery giant, was the main reason for the surge. Grubhub limped into 2020 losing market share to rivals like DoorDash and Uber Eats.
NEW YORK, NY / ACCESSWIRE / July 8, 2020 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following mergers are fair to shareholders. Halper Sadeh LLP may seek ...
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:
PetScreening, a first-of-its-kind screening platform that empowers property managers to outsource their pet risk assessment and assistance animal validation processes at no charge, today announced it has partnered with LMC to implement its platform at 12,233 apartment homes spanning 40 communities.
Housing demand is alive and well, according to a Monday research report from Wedbush—and builders could stand to benefit.
The deal should put Uber's U.S. food-delivery operations on better footing. But generating substantial profits from the business could still be easier said than done.
BALA CYNWYD, PA / ACCESSWIRE / July 6, 2020 / Brodsky & Smith, LLC reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other ...