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Roblox Corp (NYSE: RBLX) Friday on CNBC s Trading Nation.
Roblox is essentially crack for kids, Shay said.
The newest stocks on the block are set to report next week. @traderDanielle and Craig Johnson of Piper Sandler share which they re watching $DASH$BMBL$ABNB$COIN$POSH$RBLX$PLTRpic.twitter.com/fg42NGTLDY
Although she noted that the company s business model is a little bit questionable, it s very lucrative.
Upcoming Earnings: Roblox is scheduled to report first-quarter financial results on May 10.
Shay expects the stock to move about $8 one way or the other after the company reports earnings. If it pulls back, Shay would be a buyer of the stock, she told CNBC.
News
T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), a global investment management organization and a market leader in target date investing, today announced that its Retirement Funds target date series has been awarded a Morningstar Gold Analyst Rating upgrade.
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The Morningstar report cites several factors in its upgrade of the Retirement Series including one of the industry s best-resourced multi-asset teams, led by target date head and 20-year T. Rowe Price veteran Wyatt Lee; an extensive research capability underpinning the series; and an exemplary lineup of underlying managers with strong track records.
Among fund managers with target date products that invest primarily in actively managed underlying funds, T. Rowe Price is the only one with products holding a Gold analyst rating from Morningstar, the highest rating offered.
Measuring the strength and weakness of an investment team is one of the core responsibilities of Morningstar’s Manager Research team. Good investment teams are appropriately staffed for the strategies they manage, demonstrate good judgment over time, and act in the best interests of their clients. A poor investment team may be mis-staffed, misaligned, or misbehaving. The difference can have a material impact on investment outcomes.
Indeed, the People Pillar rating is an integral part of the Morningstar Analyst Rating. The score we assign to the People Pillar accounts for 45% of the overall Analyst Rating, equal in importance with the Process Pillar rating. The Parent Pillar receives a 10% weight, while performance is not scored at all.
The article was published in the March 2021 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor by visiting the website.
In January, T. Rowe Price announced that manager Larry Puglia will retire from T. Rowe Price Blue Chip Growth (TRBCX) after a great run dating to 1993. After the announcement, we maintained our Above Average People and Process ratings and a Morningstar Analyst Rating of Silver.
No, we weren’t downplaying Puglia’s role or skill. Rather, we saw this coming and were comfortable with the situation. T. Rowe Price generally maps out manager transitions over a two-year period, so the new manager has time to get up to speed and investors have time to research the change.
In March 2021, Morningstar analysts updated Analyst Ratings for 1,476 fund share classes, exchange-traded funds, and separately managed accounts/collective investment trusts. Of these, 1,074 ratings stayed the same, 121 were downgrades, 131 were upgrades, and 131 were new to coverage. We placed 19 entities under review owing to significant changes such as manager departures.
Sorting out multiple share classes and vehicles, Morningstar rated 350 unique strategies during the month. Of these, 25 received a rating for the first time; the rest previously had at least one investment vehicle type with a Morningstar Analyst Rating. Below are some highlights of the upgrades, downgrades, and newly covered funds.
Upgrades
Metropolitan West Unconstrained Bond (MWCIX), the fund s institutional share class, rose to a Gold rating to join the fund s cheapest share class, (MWCPX). The pricier M class ((MWCRX)) moved up to Silver from Bronze. Portfolio managers Tad Rivelle, Steve Kane, Laird Landma