1 June Watchlist 👀

 

Today we are watching…

1. Coty (#coty)

Kylie Jenner is an overachiever, but how much? The Instagram Influencer sold her make-up brand, Kylie Cosmetics, to Coty last year for a grand one-billion-dollars. However, Forbes has released a scathing piece claiming she showed the Securities and Exchange Commission (SEC) tax filings with “false numbers,” and she isn’t really worth the doe. It also dropped her as a billionaire its famous Forbes list. Investors in Coty sold-off aggressively on publication, around 13%. Forbes isn’t Buzzfeed; it doesn’t search for gossip on celebrities. The market isn’t treating Kylie as innocent until proven guilty, but it’s still early doors, and Coty approved the buyout of Kylie Cosmetics quoting great value-adding synergies. Buy the dip?

2. Melco Crown (#mlco-adr)

Melco is at the heart of the “Las Vegas of Asia,” Macau. It’s a gambling hub in Asia, a city-state technically belonging to China. It’s happy with that (unlike Hong Kong), but its economy is driven by only two things; casinos and malls. Gross domestic product (GDP) growth hasn’t dropped by the normal 4-6% as seen elsewhere in the world but by a whopping 48.7%. It’s down to tourism vanishing (visitor arrivals down 68.9%), and gaming revenues were dropping by 93.2% amid coronavirus lockdown. There’s no doubt about things returning to normal eventually, so the worst may already be over. That’s not how investors feel, as concerns about a second wave grip markets. How will this one play out?

Share:
More Posts
The New Chip 💻
8 December, 2023

AMD has unveiled an AI-focused graphics processor, aiming to challenge Nvidia’s dominance.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. 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.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

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.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.