19 February Watchlist 👀

 

Today we are watching…

1. Legg Mason (#legmsn)

The best long-term investment plan is the one with the cheapest fee structure. Passive stock index trackers are becoming oversubscribed as people catch on to this fact, and actively managed funds run by large asset managers like Legg Mason and Franklin Templeton, are being shunned. This paradigm shift is threatening Franklegg’s combined 194-year history, so they’ve decided to merge. Together, Franklin Legg will have the economies of scale to compete with giants like BlackRock and Vanguard. They’ll be able to offer the public lower management fees on the investments they hold for clients, making up for it in client volume. Shares in both companies rose on the news!

2. Apple (#aapl)

China is Apple’s home from home, iPhone demand from the country’s massive emerging middle class keeping investor sentiment propped up. The company tipped off shareholders yesterday about a possible dip in sales due to the coronavirus outbreak, with disruption to hardware production and supply chains also expected. The “factory of the world” is indeed closed, and if Apple’s in trouble, so must be other China-exposed consumer discretionary brands and tech suppliers. This announcement spooked analysts who estimate the demand for smartphones being cut in half by the virus in this first quarter, and gross domestic product growth slipping beyond the previous consensus as well.

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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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