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Good Stocks To Buy Right Now? 3 Retail Stocks Up By 20%+ This Week

Check out these retail players making moves now.
The post Good Stocks To Buy Right Now? 3 Retail Stocks Up By 20%+ This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Do You Have These Top Retail Stocks In Your Portfolio?

While U.S. inflation data could make or break major growth stocks in the stock market this week, retail stocks could be in focus. Why? Well, as loosening pandemic restrictions unleash consumers eager to spend this summer, the retail industry would be looking at tailwinds. Namely, after spending over a year in their homes, consumers are more than open to the idea of the return to normalcy. This would especially be the case for those who have been fully vaccinated. By extension, that would involve more people going out and spending time at physical establishments again. In turn, this is where retail stocks come into play.

On one hand, we can see that retailers who are gradually reopening physical stores are already thriving. Take the likes of Gap (NYSE: GPS) and Best Buy (NYSE: BBY) for example. Both companies reported stellar quarters as consumer spending gained traction across the board. In particular, Gap even saw its sales exceed pre-pandemic levels while Best Buy is riding home improvement trends. On the other hand, some of the biggest names in the digital retail space are not sitting idly by as well. While e-commerce may not be as necessary now, consumers would still appreciate the convenience, nonetheless. For instance, Alibaba (NYSE: BABA) is among the latest players in the industry to make a move this week. Yesterday, the company revealed that it would be expanding its e-commerce portfolio via a cloud-based live streaming product.

By and large, as consumers return to the retail scene in full force, retailers are bringing their best as well. If anything, some would argue that retail stocks could be worth keeping an eye on now. Should you agree with that, here are three to consider in the stock market today.

Retail Stocks To Buy [Or Sell] In June 2021

ContextLogic Inc.

For starters, we will be looking at ContextLogic Inc. who is often referred to as Wish. In brief, the California-based company mainly operates via its e-commerce platform, Wish. The likes of which basically facilitate transactions between sellers and buyers. Notably, Wish connects millions of consumers in over 100 countries to over half a million merchants across the globe. According to Wish, it employs a mixture of tech and data science to create engaging discovery-based shopping experiences for users. More importantly, WISH stock appears to be on retail investors’ radars now. Evidently, the company’s shares surged by over 49% during yesterday’s intraday trading session.

According to recent search analytics data on the infamous r/WallStreetBets Reddit page, mentions of WISH stock soared by over 11,000% in the past few days. Subsequently, the e-commerce company saw retail traders flocking towards its shares, hence yesterday’s price hike. To put things into perspective, the average daily volume for WISH stock was around the ten million range. Yesterday, we saw over 150 million of the company’s shares changing hands. Could we be looking at another meme stock in the making here?

Time will tell if that is the case. But, while WISH stock may be trading below its IPO price, the company remains hard at work. Just last month, Wish posted solid figures in its recent quarter fiscal. In it, the company raked in total revenue of $772 million for the quarter. This would mark a significant 75% year-over-year surge. According to Wish, a 76% year-over-year jump in core marketplace revenue per active buyer is to thank for this performance. All things considered, will you be adding WISH stock to your portfolio?

top retail stocks (WISH stock)
Source: TD Ameritrade TOS

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CarLotz Inc.

Next up, we have used vehicle retailer, CarLotz Inc. For the most part, the company’s core Retail Remarketing business strategy consists of two key elements. First, CarLotz provides its corporate vehicle sourcing partners and retail used vehicle sellers with a proper retail sales channel. At the same time, the company also seeks to provide potential buyers with affordable prices, “below those of traditional dealerships”. How CarLotz does this, is via a tech-enabled buying, sourcing, and selling model, offering customers a comprehensive selection of vehicles. On top of that, the company’s multichannel operations also provide a contactless, end-to-end e-commerce interface for business transactions.

Given the viability of CarLotz’s offerings now, investors could be looking at LOTZ stock. Just this week, the company’s shares are looking at gains of over 30%. Likewise, things appear to be taking off for CarLotz on the operational front as well. This month, the company has made three significant expansions to its network in the U.S. To begin with, the company opened a new hub in Charlottesville, Virginia yesterday. This would mark its fourth brick-and-mortar location in the state, the 12th in the nation. Next, it also announced plans to launch pioneer hubs in Colorado and the St. Louis metro area last week. In a time where retail customers are returning to physical stores, CarLotz is strategically expanding its physical presence in the U.S.

Meanwhile, the company is not falling behind on the financial front as well. This is evident as CarLotz reported record figures in its first-quarter fiscal posted last month. In detail, the company saw massive year-over-year surges of 122.9% in total revenue 76% in unit sales for the quarter. With CarLotz seemingly firing on all cylinders now, would you consider investing in LOTZ stock?

top retail stocks (LOTZ stock)
Source: TD Ameritrade TOS

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

Casper Sleep Inc.

Another upcoming name in the retail space now would be Casper Sleep Inc. For some context, Casper Sleep is a retail company that, as the name suggests, markets sleep products. It does so via an omnichannel model consisting of both e-commerce services and retail locations. Now, as the current momentum in home improvement spending amongst consumers appears to be going strong, CSPR stock could be worth watching. Indeed, this appears to be the case as the company’s shares are currently up by over 85% year-to-date.

In its recent quarter fiscal posted last month, the company posted record revenue of $127.7 million for the quarter. To point out, Casper Sleep saw strong growth in its retail partnership channel revenue, a 54% year-over-year increase. Overall, CEO Philip Krim cites the company’s third-party manufacturing model as a key growth driver for the quarter.

In the long run, Krim had this to say, “We continue to see strong demand signals across our business, and expect top-line growth to accelerate in the coming quarters and are raising our full-year 2021 financial outlook to reflect these favorable trends.” By and large, it seems that Casper Sleep is confident in its ability to make the most of the current market trends. Having read all of this, do you consider CSPR stock a top buy now?

best retail stocks (CSPR stock)
Source: TD Ameritrade TOS

The post Good Stocks To Buy Right Now? 3 Retail Stocks Up By 20%+ This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Economics

Extra Crunch roundup: TC Mobility recaps, Nubank EC-1, farewell to browser cookies

What, exactly, are investors looking for?

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What, exactly, are investors looking for?

Early-stage founders, usually first-timers, often tie themselves in knots as they try to project the qualities they hope investors are seeking. In reality, few entrepreneurs have the acting skills required to convince someone that they’re patient, dedicated or hard working.

Johan Brenner, general partner at Creandum, was an early backer of Klarna, Spotify and several other European startups. Over the last two decades, he’s identified five key traits shared by people who create billion-dollar companies.


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“A true unicorn founder doesn’t need to have all of those capabilities on day one,” says Brenner, “but they should already be thinking big while executing small and demonstrating that they understand how to scale a company.”

Drawing from observations gleaned from working with founders like Spotify’s Daniel Ek, Sebastian Siemiatkowski from Klarna, and iZettle’s Jacob de Geer and Magnus Nilsson, Brenner explains where “VC FOMO” comes from and how it drives deal-making.

We’re running a series of posts that recap conversations from last week’s virtual TC Mobility conference, including an interview with Refraction AI’s Matthew Johnson, a look at how autonomous delivery startups are navigating the regulatory and competitive landscape, and much more. There are many more recaps to come; click here to find them all.

Thanks very much for reading Extra Crunch!

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire

Image Credits: Nigel Sussman

Founded in 2013 and based in São Paulo, Brazil, Nubank serves more than 34 million customers, making it Latin America’s largest neobank.

Reporter Marcella McCarthy spoke to CEO David Velez to learn about his efforts to connect with consumers and overcome entrenched opposition from established players who were friendly with regulators.

In the first of a series of stories for Nubank’s EC-1, she interviewed Velez about his early fundraising efforts. For a balanced perspective, she also spoke to early Nubank investors at Sequoia and Kaszek Ventures, Latin America’s largest venture fund, to find out why they funded the startup while it was still pre-product.

“There are people you come across in life that within the first hour of meeting with them, you know you want to work with them,” said Doug Leone, a global managing partner at Sequoia who’d recruited Velez after he graduated from grad school at Stanford.

Marcella also interviewed members of Nubank’s founding team to better understand why they decided to take a chance on a startup that faced such long odds of success.

“I left banking to make a fifth of my salary, and back then, about $5,000 in equity,” said Vitor Olivier, Nubank’s VP of operations and platforms.

“Financially, it didn’t really make sense, so I really had to believe that it was really going to work, and that it would be big.”

Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B

Image Credits: Didi

In his last dispatch before a week’s vacation, Alex Wilhelm waded through the numbers in Didi’s SEC filing. The big takeaways?

“While Didi managed an impressive GTV recovery in China, its aggregate numbers are flatter, and recent quarterly trends are not incredibly attractive,” he writes.

However, “Didi is not as unprofitable as we might have anticipated. That’s a nice surprise. But the company’s regular business has never made money, and it’s losing more lately than historically, which is also pretty rough.”

What’s driving the rise of robotaxis in China with AutoX, Momenta and WeRide

AutoX, Momenta and WeRide took the stage at TC Sessions: Mobility 2021 to discuss the state of robotaxi startups in China and their relationships with local governments in the country.

They also talked about overseas expansion — a common trajectory for China’s top autonomous vehicle startups — and shed light on the challenges and opportunities for foreign AV companies eyeing the massive Chinese market.

The air taxi market prepares to take flight

Image Credits: Bryce Durbin

“As in any disruptive industry, the forecast may be cloudier than the rosy picture painted by passionate founders and investors,” Aria Alamalhodaei writes. “A quick peek at comments and posts on LinkedIn reveals squabbles among industry insiders and analysts about when this emerging technology will truly take off and which companies will come out ahead.”

But while some electric vertical take-off and landing (eVTOL) companies have no revenue yet to speak of — and may not for the foreseeable future — valuations are skyrocketing.

“Electric air mobility is gaining elevation,” she writes. “But there’s going to be some turbulence ahead.”

The demise of browser cookies could create a Golden Age of digital marketing

Though some may say the doomsday clock is ticking toward catastrophe for digital marketing, Apple’s iOS 14.5 update, which does away with automatic opt-ins for data collection, and Google’s plan to phase out third-party cookies do not signal a death knell for digital advertisers.

“With a few changes to short-term strategy — and a longer-term plan that takes into account the fact that people are awakening to the value of their online data — advertisers can form a new type of relationship with consumers,” Permission.io CTO Hunter Jensen writes in a guest column. “It can be built upon trust and open exchange of value.”

If offered the right incentives, Jensen predicts, “consumers will happily consent to data collection because advertisers will be offering them something they value in return.”

How autonomous delivery startups are navigating policy, partnerships and post-pandemic operations

Nuro second gen R2 delivery vehicle

Image Credits: Nuro

We kicked off this year’s TC Sessions: Mobility with a talk featuring three leading players in the field of autonomous delivery. Gatik co-founder and chief engineer Apeksha Kumavat, Nuro head of operations Amy Jones Satrom, and Starship Technologies co-founder and CTO Ahti Heinla joined us to discuss their companies’ unique approaches to the category.

The trio discussed government regulation on autonomous driving, partnerships with big corporations like Walmart and Domino’s, and the ongoing impact the pandemic has had on interest in the space.

Waabi’s Raquel Urtasun explains why it was the right time to launch an AV technology startup

Image Credits: Waabi via Natalia Dola

Raquel Urtasun, the former chief scientist at Uber ATG, is the founder and CEO of Waabi, an autonomous vehicle startup that came out of stealth mode last week. The Toronto-based company, which will focus on trucking, raised an impressive $83.5 million in a Series A round led by Khosla Ventures.

Urtasun joined Mobility 2021 to talk about her new venture, the challenges facing the self-driving vehicle industry and how her approach to AI can be used to advance the commercialization of AVs.

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Spread & Containment

How to create effective, engaged workplace teams after the COVID-19 pandemic

Post-pandemic, the world of work will probably never be the same again. And that’s probably a good thing. We now have an opportunity to make it better.

For workplace teams returning to the office post-pandemic, it will still be important to protect the benefits of remote work: uninterrupted time for strategically important projects, and respect for personal preferences. (Pixabay)

Well into the pandemic’s second year, we are beginning to see light on the horizon. We’re not out of the woods here in Canada. As some areas of the country continue to struggle to contain the virus, others are optimistic due to lowering case counts thanks to restrictions and lockdown measures.

Ontario — the country’s largest province by population — is now in the first step of its reopening, and officials have said the majority of those who want to receive a vaccine could be fully immunized by the end of the summer.

The rolling lockdowns and public health restrictions of the pandemic response meant a massive shift to remote and virtual work for many workplaces. As we look towards and plan for the post-pandemic future, businesses and organizations need to thoughtfully consider what the future of work looks like for them.

They will need to reflect on their operations pre-pandemic, consider what they learned from the disruption of the crisis, and ask themselves: How can we build back better?

Structure shift

Recent decades have seen a shift in the structure of businesses and organizations, away from hierarchical models in favour of cross-functional and, at times, self-managing networks of teams. In fact, a 2016 survey found the majority of large corporations rely on interdisciplinary and cross-functional teams. In 2019, 31 per cent of respondents said that most or almost all work is performed in teams.

For many of these organizations, the pandemic saw these teams transition from in-person work to remote interactions via video-conferencing services like Zoom, Microsoft Teams and Skype.

Many appreciated the comfort and autonomy inherent in working from home, but the erosion of work-life balance and social interaction has caused challenges.

As we come out of the pandemic, workplace teams will need an environment that retains the experience of autonomy while also providing a sense of belonging. Employees should be free to decide where they want to work and when they want to work whenever possible. But we must also address the negative impact of isolation — loneliness, fatigue or even depression, all of which have been frequently reported during the pandemic.

Five women at a desk have a conversation.
Effective workplace teams will be critical to building back better. (Piqsels)

Research on workplace teams finds that autonomy can in fact co-exist with a sense of belonging and cohesion. For this to be achieved, organizations need to find a balance, and need to organize teams according to these structural considerations:

• Teams have a strong leader, or they can feature shared leadership.

• Teams have clearly defined task interdependencies and interfaces among team members, or team members can perform their work largely in isolation.

• Teams have the same goals and rewards for all members, or they can offer individualized goals and rewards.

• Teams communicate virtually, or they can communicate so face-to-face.

• Teams have a shared history and aspirations, or they operate for a limited time, after which they disband.

A strong leader, alongside clearly defined task interdependencies, focuses on the team as a whole, whereas virtual teamwork and individual rewards emphasize the individual team member.

Combining features of teamwork that promote autonomy with other features that foster cohesiveness and a sense of belonging is likely the best path forward.

Emphasize shared goals

As long as employees continue to operate in a virtual setting, it’s important for leaders to define shared goals and rewards. Teams must share a vision of the future that complements the larger degree of autonomy they’ve experienced through virtual teamwork.

Focusing on elements of teamwork that bring team members closer together should not be left to chance. As some organizations learned during the pandemic, scheduling social hours can replace the spontaneous conversations at the water cooler. A book club can replace the informal learning over a lunch chat. A fireside Zoom chat on company values and goals can replace an in-person town hall.

But post-pandemic, few organizations will maintain an all-virtual presence. Many will move towards a hybrid model. For those teams returning to the office, it will still be important to protect the benefits of remote work: uninterrupted time for strategically important projects, and respect for personal preferences.

The pandemic has also almost eliminated a troublesome feature of organizational life: presenteeism, or showing up to work when sick. We must not go backwards in this regard. Workers must protect themselves and their team members from the consequences of illness.

Post-pandemic, the world of work will probably never be the same again. And that’s probably a good thing. We now have an opportunity to make it better.

Matthias Spitzmuller does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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Economics

EU Bars 10 Megabanks From Recovery Bond Sale Over Previous Market Manipulation

EU Bars 10 Megabanks From Recovery Bond Sale Over Previous Market Manipulation

In an unexpected move, the European Union has decided to shut out some of the world’s biggest banks from sales of bonds for the EU’s COVID recovery fund, expected.

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EU Bars 10 Megabanks From Recovery Bond Sale Over Previous Market Manipulation

In an unexpected move, the European Union has decided to shut out some of the world's biggest banks from sales of bonds for the EU's COVID recovery fund, expected to be the largest supranational bond offering yet.

According to the FT, the EU excluded 10 banks - including JPMorgan, Citigroup, Bank of America and Barclays - from running bond sales as part of its €800 billion ($968.5 billion) recovery fund due to what the FT described as "historic breaches of antitrust rules". Specifically, the EU is seeking to punish the banks for their roles in the series of market-rigging scandals (which infamously started with rigging of the Libor before investigators moved on to currency and fixed income markets) that broke early in the last decade. The move is especially bold because many of the banks being shut out of the deal are some of the world's biggest players in international debt markets.

In other words, simply by shutting them out of this massive deal, the EU could shake up the league tables as the banks that win its business will undoubtedly be handsomely rewarded for their work. The borrowing spree - Brussels' biggest-ever - will begin Tuesday with the sale of a new 10-year eurobond to fund the NextGenerationEU pandemic program. 7 of the 10 banks excluded are among the biggest sellers' of European debt. Before they will be allowed to sell the bonds, the EU wants them to demonstrate that they have "taken remedial measures" to prevent this from happening again.

In other words, Brussels is serious about preventing banks from stuffing their pockets with public money.

Banks found to have breached EU competition rules “will not be invited to tender for individual syndicated transactions”, said a spokesman for the European Commission, which handles debt issuance on behalf of the EU. “The Commission implements a strict approach to ensuring that the entities with whom it works are fit to be a counterparty of the EU."

Banks found guilty of antitrust breaches will be required to show they have taken “remedial measures” to prevent them happening again before they will be allowed to bid for syndications, the spokesman added.

Bank of America, Natixis, Nomura, NatWest and UniCredit have been prevented from taking part due to a Commission antitrust ruling last month that they participated in a bond trading cartel during the eurozone debt crisis a decade ago.

Citigroup, JPMorgan and Barclays — in addition to NatWest — have also been barred due to a finding two years ago that they were involved in manipulating currency markets between 2007 and 2013, people familiar with the matter said. Deutsche Bank and Crédit Agricole are also excluded due to an April ruling that they were involved in a different bond trading cartel, the people said. All the banks declined to comment.

Despite this, Reuters reported earlier (citing a senior banker in charge of the deal) that the EU's first offering of €20 billion ($24.3 billion) in bonds was heavily oversubscribed. The popularity isn't that surprising, considering that Triple-A rated debt in the region can be hard to come by (since the ECB owns much of the market). And the EU bonds feature a slight yield premium to German bunds. Investors placed upwards of €140 billion in orders for the €20 billion of debt, according to bankers who spoke to Reuters.

The new EU bond, due July 4 2031, will price 2 basis points below the mid-swap rate, according to the lead manager. That is equivalent to a yield of around 0.06%, according to Reuters calculations, down from around one basis point over the mid-swap level when the sale started on Monday.

Since October, the EU has already issued 90 billion euros to help finance its unemployment support program SURE.

The EU is managing these bond sales like a national debt offering, which is appropriate since they will likely transform the bloc into the world’s biggest supranational debt issuer.

All ten banks are among the 39 approved "primary dealers" which have a responsibility to bid for bonds during government auctions. One anonymous source told the FT that the EU's decision to bar the top dealers could create unnecessary complications for the sales. "There’s a delicate equilibrium in the relationship between issuers and primary dealers, and this risks upsetting that,”" said a senior banker at one of the lenders barred from syndicated deals. "These issues they are bringing up are from a long time ago, and they have been settled."

The banks working on Tuesday’s inaugural recovery fund bond are BNP Paribas, DZ Bank, HSBC, Intesa Sanpaolo, Morgan Stanley, Danske Bank and Santander.

The EU is expected to sell two more syndicated bonds by the end of July.

Tyler Durden Tue, 06/15/2021 - 09:49

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