The NASDAQ had a difficult week, Shares of EV companies fell, and the S&P 500 eked out a 1% gain on the week. We had a huge rally to end Friday.
Monday – Emergent Biosolutions – $EBS Last summer Emergent Biosolutions signed a five-year deal to work with Johnson and Johnson and be their primary manufacturer for the Covid-19. The first two years of the deal is worth $480 million. We saw Emergent’s revenue increase 15% last quarter and we can guarantee we will see another strong quarter out of $EBS.
Tuesday – Twilio – Shares of Twilio fell with the rest of the tech sector this week. However, we believe their new investment in Syniverse and their necessary communications products that we can see shares continue to climb.
Wednesday – Morgan Stanley – $MS deal with Eaton Vance closed on Tuesday. Between that deal and their recent acquisition of E*Trade, Morgan Stanley will continue to realize synergies and grow its wealth management division. Morgan Stanley already has top-notch Investment Banking and Sales & Trading divisions.
Thursday – $BUZZ – Dave Portnoy of Barstool Sports partnered with a team at VanEck Vectors to build a 75 stock portfolio that follows social media sentiment. A pretty cool ETF that could do well. It beat the S&P 500 by 40% last year, but also it was a stellar year for those types of stocks.
Friday – Live Nation – $LVY’s CEO said they expect their mid-summer concerts will be at 75% to 100%. The British Government is allowing the UK to host concerts at 100% by June 21st. With increasing vaccinations and more reopenings in states, Live Nation makes for a great reopening play.