3 June Watchlist 👀

 

Today we are watching…

1. London Stock Exchange (#lse)

The British bourse is changing its opening hours from the longest in the world to a more reasonable length. The majority of those surveyed favored a 9 a.m. to 4 p.m. trading day, which would mean a one-hour delay to the open and a 30-minutes earlier closing time. 74% of finance professionals favored shortening the hours, which is significant, and some even want a lunch break! This will cram more trading into a shorter window, boosting liquidity. It will also improve work-life balance for traders, and help industry diversity. It’s not good for day traders, necessarily, but there’s plenty exchanges around the world to play with, and long-term investors shouldn’t bat an eye over this latest development.

2. H&M (#hm)

“Black Lives Matter, but please stop ransacking our stores.” There’s no excuse for looting, but the luxury goods industry can’t hold a grudge right now. In fact, brands like H&M are getting on the bandwagon, offering words of support and reposting activism on social media. It’s great to be using a global platform to send a positive message, and investors would rather new ‘BLM’ fashion accessories weren’t rolled out in high volume. The concern for business is that the protesting triggered a second wave, but in the context population sizes, there aren’t many protestors. Most people are watching it on TV from home. 

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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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