29 June Watchlist ๐Ÿ‘€

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Today we are watching…

1. Ryanairย (#ryan)

The airflow in a plane recirculates at 76 times the rate outside, making it one of the safest places to be during a pandemic. However, no fliers think that. The British government has gone back and forth on airline regulations for the โ€˜new normal,โ€™ and Ryanair CEO Michael Oโ€™Leary has had enough. Heโ€™s called the governmentโ€™s โ€˜air bridgeโ€™ plans not to quarantine incoming travelers from France, Greece, and Spain (one of the worst affected countries) โ€œmore idiotic rubbish.โ€ Itโ€™s meant to help the airline industry, but if fliers agree with Oโ€™Leary, nobody will want to fly. In fact, some of the biggest airlines in Europe are suing against the policy. It seems that even the worst covid-hit industries wonโ€™t restartย anyย cost.

2. Casper Sleep (#cspr)

What with Wirecard and Luckin Coffee falling foul to short-sellers recently, this is not a good time for Casper to its own accounting integrity tested. An IPOโ€™ing (initial public offering) business doesnโ€™t have any quarterly earnings reports on file, so it has to publish an S-1 form to tell investors what itโ€™s all about. Casper, the new-age mattress retailer, is in trouble for using its S-1 to talk all about the โ€œsleep economyโ€ and nothing about a โ€œglut of outdated inventoryโ€ (old beds that havenโ€™t been sold) or narrowing profit margins.

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Market Recap โ€“ September 28th ๐Ÿ’ฐ

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Fridayโ€™s PCE price index reading.

The Crude Oil Bust ๐Ÿ›ข

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

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