I m Watching the Cannabis Group More Carefully The main names that I m focused on are leveraged to growth in the U.S.
May 27, 2021 | 02:00 PM EDT
Market participants always seem to be in a good mood in front of holiday weekends, but they seem to be particularly upbeat right now in anticipation of the Memorial Day Holiday. It is the first real post-pandemic holiday we have celebrated, and just to have some normal interaction will be a cause for celebration.
What tends to happen in front of holidays is that the sellers are less aggressive, and traders are more effective at running up some select names. The best example today is AMC Entertainment (AMC) which is up around 27%. Some of the buyers of the stock want to believe that this sort of action is fundamentally driven. It isn t. This is just classic, pre-holiday, thin-market, social media-driven, Ponzi scheme action. That doesn t mean it can t persist, but it probably isn t a good place to put the kid s college fund for t
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Two new SPAC ETFs launched on Wednesday that offer investors both long and short exposure to companies that have de-SPAC’d and completed mergers.
The New SPACs: The De-SPAC ETF (NYSE: DSPC) and
The Short De-SPAC ETF (NYSE: SOGU) are the first ETFs to offer pure-play exposure to a basket of de-SPAC’d stocks.
The ETFs offer a “totally and completely different” approach to SPAC investing, Tuttle Capital Management CEO and Chief Investment Officer Matthew Tuttle told Benzinga.
ETFs on the market that offer exposure to companies that have completed a SPAC merger come in baskets that include pre-merger companies as well, typically with a 60% weighting to this type of asset.
Genius lifts 2021 forecasts following strong NYSE debut results Share
A strong opening to year trading has led
Genius Sports to raise its full-year 2021 forecasts, as the newly NYSE-listed enterprise targets corporate revenues of $250 to 260 million and adjusted EBITDA of approximately $10 to 20 million.
The upgraded forecast follows Genius’ publishing of its Q1 trading results in which the sports-tech group registered a 52% year-on-year revenue increase to $53.7 million.
Q1 trading saw Genius register double-digit metric growth across all core divisions, as its headline
Betting Technology unit recorded a 42% increase in revenues to $39 million (Q1 2020: $27.5 million).
The Betting Technology unit’s performance was driven by price increases on contract renewals and renegotiations of Genius’ official data rights strategy and the expansion of its value-added services for clients.
Earnings Scheduled For May 20, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
In the latest evolution of creeping Universal Basic Income, Biden administration officials said on Monday that a poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July. The Democratic-backed American Rescue Plan, signed into law by President Joe Biden in March as a response to the coronavirus pandemic, expanded a tax credit available to most parents.
Eligible recipients will get up to $3,000 per child, or $3,600 for each child under the age of 6, in 2021, subject to income restrictions. The benefit will reach 39 million households, many automatically and by direct deposit every month, starting on July 15. It is one of several measures the administration says could lift more than 5 million children out of poverty, half of the total number of U.S. youngsters in that situation, according to Reuters.