Today we are watching…
1. Willis Tower Watson (#wilstowr)
The largest-ever merger in the insurance industry has just been wrapped up, Willis Towers Watson and Aon in a $30 billion all-stock deal. The two companies will form one massive insurance broker, helping other companies buy different types of insurance and manage the risks that could lead to a payout. The slow growth of the insurance brokerage industry is what motivated these two heavyweights to form an alliance. Their main rival now that Irish regulators have given the green light, will be Marsh & McLennan.
2. Wheaton Precious Metals (#wpmc)
Wheaton has the ultimate risk-off, Armageddon-ready investment portfolio. The company buys gold, silver, and other precious metals from mines around the world. Over 600,000 ounces of metals are held, so investors in the company can leverage commodity prices and get exposure to new the exploration industry as well. Wheaton has proven itself to be a better investment over time than actually buying raw gold, as most people do. You even get a dividend! The company is reporting earnings results today following an epic frenzy in precious metals given the coronavirus and the new oil price war. Analysts are expecting profit per share of $0.24 on $248 million in revenue.