Robinhood is finally public but it appears investors have not forgotten Gamestop-Gate, with the stock trading down yesterday. Cool to see that many retail investors were able to actually get in at the IPO price tho.
Check out our job board, we just added more listings (especially for our London contingent). If you wanna advertise an opening, hit us up.
Have a great weekend!
Before The Bell
As of 7/29/21 close.
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Major indexes were positive despite Q2 US GDP coming in lighter than expected (6.5% growth vs. 8.4% estimated)
Investors were also focused on J Pow's comments from Wednesday that signaled no imminent Fed plans to dial back their massive monthly bond purchases
Strong earnings also continued to factor into major index movements (though some companies have been disappointing in their guidance / year-end outlooks)
Amazon posted its third $100B revenue quarter in a row but dropped 7% AH after falling short on revenue projections and “weak” Q3 guidance (CNBC)
Shell reported stronger-than-expected Q2 earnings, resulting in a 38% dividend increase and a $2B share buyback program (CNBC)
Carlyle raised more than $10B in the second quarter and saw a 12% appreciation in its private equity portfolio (WSJ)
Astrazeneca rose ~1.5% after a 31% revenue increase largely driven by their COVID-19 vaccine (YHOO)
Credit Suisse fell ~3% after Q2 net income plunged 78%, exacerbated by a $653M loss related to the Archegos crisis (YHOO)
Airbus rose ~1.6%, beating Q2 EPS and revenue estimates by 4.5% & 2.1% respectively, thx to a resurgence in travel (Barrons)
What we’re watching today: Procter & Gamble, Chevron, Lazard