Procore IPO: America’s $1.3t construction industry is currently held up by excel, paper, and pen – the tools primarily used for multi-million dollar construction projects. One company wants to change that. Procore, the cloud-based construction software provider, is expected to debut on the NYSE this morning – a year after the pandemic postponed its initial…
Read more
3 stock market scenarios for rising inflation — one leads to a recession
Rising inflation and interest rates could be driving the stock market for the next couple of months so here’s what you need to know… American consumer prices surged to a 13-year high of 4.2% — the highest since 2008 — worrying investors over a possible rise in interest rates if inflation continues. How does this…
Read more
Better.com, the Fast-Growing Online Mortgage Lender, Is Going Public
Some online mortgage lenders are great, but some are even ‘Better’. On May 11, Better.com – an online mortgage lender – announced a deal to go public via SPAC at a valuation of ~$7b. A child of the PropTech disruption Online mortgage lenders, drone footage of properties, home purchasing from virtual tours alone – these…
Read more
Mining stocks are surging as rising copper prices shows no signs of slowing
Copper prices beat their previous all-time high of 2011 to a smashing $10,190 last week and mining stocks are surging. While their 2011 price surge was fueled by one country – China and its reliance on raw materials for their economic growth – this time around, the entire globe is clamoring for copper. If going…
Read more
Solar stocks fall on semiconductor storage and rising metal prices
Everyone gets caught in the rain without an umbrella sometimes. After a shining year of growth in 2020, solar stocks have fallen from their highs with the Invesco Solar ETF ($TAN), an index fund that tracks the solar industry, down nearly 16% in the last month. The semiconductor shortage claims another casualty With help from…
Read more
A global semiconductor shortage is impacting stocks — these are the industries impacted…
Phones. Televisions. Cars. Everything good in the world runs on semiconductors — the material that goes into making the computer chips that powers your devices. A global semiconductor shortage has led to rising prices that impacted an estimated 169 industries – with automakers being hit the hardest. Semiconductors are the 4th most-traded (important) product on…
Read more
Pet stocks surged in 2020 – can they maintain their momentum post-COVID?
Pet ownership in the U.S. has soared nearly 13% since the beginning of the pandemic – sending the demand for pet goods/services up along with pet stocks. Signs that COVID is dragging on for too long: Those companions you bought to keep you company, are about to celebrate their first birthdays. Millennials made the pet…
Read more
Biden proposes to increase the capital gains tax rate on the wealthy – How could this impact stocks?
They say only three things in life are inevitable – death, taxes, and arguments about what those taxes should look like. Joe Biden is expected to release a proposal to nearly double the capital gains tax rate on the wealthy. No surprise, the wealthy are panicking but should The Average Joe? Are you the 1%…
Read more
Oatly IPO comes after a massive 2020 for plant-based foods
Outside of a knack for entertainment, what do Jay-Z, Oprah, and Natalie Portman all have in common? They all had the foresight to become investors in Oatly. On Monday, the sustainable oat milk company filed to go public – the Oatly IPO could value the company as high as $10b. Oatly IPO: There are udder…
Read more
TuSimple Stock ($TSP): Disrupting the trucking industry with self-driving trucks
Trucking is facing a crisis – by 2028, the industry is expected to be short as many as 160,000 drivers. Enter: TuSimple. (TuSimple Stock: $TSP). The autonomous trucking startup went public last Thursday with a solution to the driver shortage – simply removing the driver from the equation with self-driving trucks. The trucking industry is…
Read more