5 May Watchlist 👀

 

Today we are watching…

1. Virgin Galactic (#spce)

Insider selling records suggest Virgin Group is getting ready to liquidate all its Virgin Galactic holdings. It has a major stake in Galactic, and most of that is being sold off according to an S-1 form filed to the Securities and Exchange Commission (SEC). Sir Richard Branson is bailing on his business, so it’s surprising to see the stock drop only around 11%. There is a chance that money needs to be raised from the rich start-up to help keep the rest of the Virgin Group afloat. Virgin Australia went bust a few weeks ago, and Branson’s rightly been refused a bailout. However, if Galactic’s future prospects don’t look rosy to the big buys, that’s the reddest of red flags!

2. Pinterest (#pins)

Pinterest will never report earnings on the back of such bullish sentiment again, the stock is up 34% in the past month. Alphabet and Snap reported stellar digits in spite of the coronavirus pandemic, getting analysts excited in their consensus estimates for Pinterest today. The company is tipped to make an $0.08 loss on $270 million in revenue. The commentary of management on both the recent past and short-term future will be the biggest factor moving the stock price today. Most CEOs are reporting “resilience” and the same time as “uncertainty,” so how could tech investors receive that?

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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