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Wallstreet Headlines
- U.S. stock futures traded along the flatline after the major averages logged in sharp gains to start the new month earlier in the day.
- CFRA's Sam Stovall sees a troublesome seasonal pattern that affects August and September.
- The major averages started the new month on a high note as tech shares outperformed.
- The latest deal between a SPAC and electric vehicle start-up was announced on Monday, when DiamondPeak Holdings said it would merger with Lordstown Motors.
- From commercial real estate to credit cards and autos, institutions are getting tougher on giving out money compared to the second quarter
Market Insights
Q2 2020 Earnings to Watch
Noticeable companies reporting earnings the week of 07/13/2020 – 07/17/2020 Monday Pepsi – PEP – TBD – https://investors.pepsico.com/investors/financial-information/quarterly-earnings/ Tuesday Delta – DAL – Before Market Open – https://ir.delta.com/home/default.aspx Citigroup – C – Before Market Open – https://www.citigroup.com/citi/investor/pres.htm https://www.citigroup.com/citi/investor/data/p200714a.pdf?ieNocache=133 JPMorgan Chase – JPM – Before Market Open – https://www.jpmorganchase.com/corporate/investor-relations/event-calendar.htm Wells Fargo – WFC – TDB –Continue reading “Q2 2020 Earnings to Watch”
MoneyGram (MGI) – 106%Digital Growth Maintains Strong Momentum and Market Expansion
The Company achieved 106% year-over-year digital transaction growth in June driven by strong demand for the mobile app, high customer retention rates, and continued digital market expansion. Shares hit an intra-day high of $3.36 following the news. DALLAS, July 9, 2020 /PRNewswire/ — MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today reported 106%Continue reading “MoneyGram (MGI) – 106%Digital Growth Maintains Strong Momentum and Market Expansion”
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