06 July Watchlist 👀

Table of Contents

 

Today we are watching…

1. Walmart (#walmrt)

Walmart is hoping to step in for a market of filmophiles and movie buffs by partnering with the Tribeca Film Festival to convert over 160 store locations into makeshift drive-in movie theaters. This won’t move the needle for Walmart shares, but it represents new competition for cinema operators in the United States. It might be temporary; it might be permanent; there used to be over 4,000 drive-in movie theatres in the fifties, so why not have a renaissance? The Walmart-Tribeca classics like ‘Jaws’ and ‘Apollo 13’ will air in August, bear this in mind if moviegoers to the country’s reopening modern cinemas are few and far between leading into the latter stages of this year. It could make the difference between an earnings beat or a miss!

2. Moderna (#mrna)

The markets got spooked on Friday as this biotech lab announced a delay to the late-stage trial of its supposed coronavirus vaccine. What’s wrong? If there as an issue in mid-stage trials, the vaccine might be dead in the water or there could just be a quick fix required. If you believe in the lab, buy the dip. The whole point of trials is to learn and improve the drug. However, time is also of the essence. Sanofi, Oxford University, and Glaxo look set to reach the market first, and the world will take the first vaccine it’s offered. 

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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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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