Warren Buffett addressed investors around the world on Saturday at Berkshire Hathaway’s (BRK-A, BRK-B) 2021 Annual Shareholder Meeting. 

In an hours-long event, the investing legend fielded questions on Berkshire’s business and investment decisions, offered advice for first-time investors and touted the strength of American corporations in a characteristically optimistic tone. Buffett nodded to the Federal Reserve and Congress for their swift response to the COVID-19 crisis, and underscored the rebound in the U.S. economy. And the Oracle of Omaha also addressed the recent rise in retail trading and online brokerage firms like Robinhood, the rally in bitcoin and the boom in SPAC mergers. 

In many ways, this year’s meeting looked different from those in the past. The annual event took place in a hotel conference room in Los Angeles rather than in an arena in Omaha, Nebraska, due to the ongoing pandemic. 

Buffett’s long-time business partner Charlie Munger also returned onstage this year to co-lead the event, after sitting out last year because of the pandemic. And in a new move, Buffett and Munger were joined by Berkshire’s Vice Chairmen Gregory Abel and Ajit Jain, in a signal of potential succession plans at the company.

Here were some of the highlights from the event.

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5:03 p.m. ET: ‘We’re seeing substantial inflation,’ Buffett says 

Buffett said Berkshire Hathaway is seeing signs of rising price pressures during the COVID-19 recovery, corroborating many market participants’ concerns about increasing inflationary pressures.

“We’re seeing substantial inflation. We’re raising prices, people are raising prices to us. And it’s being accepted,” Buffett said. “We really do a lot of housing. The costs are just up, up, up. Steel costs. You know, just every day they’re going up.”

“It’s an economy – really, it’s red hot. And we weren’t expecting it,” he added.

Story continues

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4:54 p.m. ET: Robinhood has been a driver of the ‘casino aspect’ that has permeated the stock market in the last year and a half: Buffett

Buffett said trading apps like Robinhood have contributed to the “casino aspect” of the stock market as of late, exploiting individuals’ inclinations to gamble. 

“It’s become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year, year and a half,” Buffett said of Robinhood. “There’s nothing, you know, there’s nothing illegal about it, there’s nothing immoral. But I don’t think you’d build a society around people doing it.”

“I think the degree to which a very rich society can reward people who know how to take advantage, essentially, of the gambling instincts of the American public, the worldwide public – it’s not the most admirable part of the accomplishment,” Buffett added. “But I think what America has accomplished is pretty admirable overall. And I think actually American corporations have turned out to be a wonderful place for people to put their money and save. But they also make terrific gambling chips, and if you cater to those gambling chips when people have money in their pocket for the first time and you tell them take my 30 or 40 or 50 trades a day and you’re not charging commission … I hope we don’t have more of it.”

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4:26 p.m. ET: Buffett on paring positions in bank stocks

Buffett explained that Berkshire’s move to unload many of its bank shares last year was not due to a lack of confidence in the banking industry, but more a decision to re-balance the portfolio and avoid being too heavily tilted toward one area. 

“I like banks generally, I just didn’t like the proportion compared to the possible risk,” Buffett said. “We were over 10% of Bank of America. It’s a real pain in the neck, more to the banks than us.” 

Berkshire held 1,032,952,006 shares of Bank of America as of the end of 2020, after adding 85.1 million shares in the third quarter alone. This gave Berkshire Hathaway an ownership stake of 11.9%. Berkshire cut its holdings of Wells Fargo from 345.7 million shares at year-end 2019 to 52.4 million by year-end 2020, and completely exited its holdings in JPMorgan Chase (JPM) and M&T Bank Corp (MTB).

“The banking business is way better than it was in the United States 10 or 15 years ago,” he added. “The banking business around the world in various places might worry me, but our banks are in far, far better shape than 10 or 15 years ago.”

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4:15 p.m. ET: Jain on whether he’d write an insurance policy for a SpaceX flight for Elon Musk’s proposed colonization on Mars: ‘No thank you, I’ll pass’

A shareholder asked Jain, who leads Berkshire’s insurance business, whether he would be hypothetically willing to write an insurance policy for SpaceX founder Elon Musk for his proposed colonization of Mars. 

“This is an easy one. No thank you, I’ll pass,” Jain said. 

“Well I would say it would depend on the premium,” Buffett interjected with a laugh. “And I would say that I would probably have a somewhat different rate if Elon was on board or not on board. It makes a difference if someone is asking to insure something.”

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4:07 p.m. ET: Bitcoin is ‘contrary to the interest of civilization’: Munger

Warren Buffett declined to directly offer an opinion in response to a question on bitcoin, an asset he previously likened to “rat poison squared.”

“I knew there’d be a question on bitcoin or crypto and I thought to myself well, I watch these politicians dodge questions all the time … The truth is, I’m going to dodge that question,” Buffett said. “Because the truth is, we’ve probably got hundreds of thousands of people that are watching this that own bitcoin. And we’ve probably got two people that are short. So we’ve got a choice of making 400,000 people mad at us and unhappy, and making two people happy. And it’s just a dumb equation.” 

Munger, however, issued a more direct attack. 

“Those who know me well are just waving the red flag at the bull. Of course I hate the bitcoin success,” he said. “And I don’t welcome a currency that’s so useful kidnappers and extortionists and so forth. Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.” 

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3:35 p.m. ET: ‘The people who are criticizing it are bonkers,’ Munger says of those condemning stock buybacks 

Both Buffett and Munger issued strong words of support for share repurchases, especially after Berkshire reported repurchasing an additional $6.6 billion in stock in the first three months of 2021. 

“They’re a way, essentially, of distributing the cash to the people that want the cash when other co-owners mostly want you to reinvest,” Buffett said. “It’s a savings vehicle.”

“I find it almost impossible to believe some of the arguments that are made that it’s terrible to repurchase shares from a partner if they want to get out of something, and you’re able to do it at prices that are advantages to the people that are staying,” Buffett said. “And it helps slightly the person that wants out.”

Munger offered a similar view. 

“You’re repurchasing stock. Just a bullet higher, it’s deeply immoral,” Munger said. “But if you’re repurchasing stock because it’s a fair thing to do in the interest of your existing shareholders, it’s a highly moral act and the people who are criticizing it are bonkers.” 

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3:29 p.m. ET: ‘Bernie Sanders has basically won’: Munger

Low interest rates have catalyzed a surge in valuations across equities, giving those who invest in the markets an opportunity to create wealth, Munger said during the Berkshire Hathaway question and answer segment. 

“I think one consequence of this present situation is, Bernie Sanders has basically won,” Munger says. “Because with everything boomed out so high and interest rates so low, what’s going to happen is, the millennial generation is going to have a hell of a time getting rich compared to our generation … He did it by accident, but he won.”

“And so the difference between the difference between the rich and the poor in the generation that’s rising is going to be a lot less,” he added. “So Bernie has won.” 

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3:20 p.m. ET: Buffett says of SPACs are similar to a ‘gambling-type market’ 

Buffett received a question around special purpose acquisition companies, or blank-check companies, which have become a hugely popular means for firms to go public over the past year. 

“The SPACs generally have to spend their money in two years, as I understand it. If you have to buy a business in two years, you put a gun to my head and said you’ve got to buy a business in two years, I’d buy one but it wouldn’t be much of one,” Buffett. 

“If you’re running money from somebody else and you get a fee and you get the upside and you don’t have the downside, you’re going to buy something,” he added. “And frankly we’re not competitive with that.” 

“It’s an exaggerated version of what we’ve seen in kind of a gambling-type market,” he added. 

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3:03 p.m. ET: Selling some Apple stock last year was ‘probably a mistake’ 

Buffett conceded that selling some of Apple’s stock in 2020 was “probably a mistake,” with shares rising even further this year following the tech-led 2020 in the markets. 

“The brand and the product — it’s an incredible product,” Buffett said of Apple. “It is indispensable to people.” 

“I sold some stock last year, although our shareholders still saw their shares go up because we repurchased shares,” he added. “But that was probably a mistake.”

Berkshire owned 907,559,761 shares of Apple as of the end of December for a total market value of $120.4 billion. By contrast, the firm spent just $31 billion accumulating this stake since late 2016.

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2:51 p.m. ET: ‘There’s no question the relationship Warren has with Charlie is unique,’ Jain says

A shareholder directed a question to Ajit Jain and Greg Abel asking about the relationship the two likely next leaders of Berkshire Hathaway have with one another, given how iconic the relationship between Warren Buffett and Charlie Munger has been over the course of the company’s history. 

“There’s no question the relationship Warren has with Charlie is unique,” Jain said. “It’s not going to be duplicated, certainly not by me and Greg. I can’t think of anybody that can duplicate it.” 

“I certainly have a lot of respect, both at a professional level and personal level, in terms of what Greg’s abilities are,” Jain added. “We do not interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective decision.” 

“Even though the interaction may be different than say how Warren and Charlie do it … we make sure we’re always following up with each other but it goes beyond that,” Abel said. “Ajit has a great understanding of the Berkshire culture. I strongly believe I do too.” 

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2:27 p.m. ET: Buffett defends investment in Chevron says he has ‘no compunction about owning it in the least’ 

One shareholder asked Buffett about Berkshire’s decision to invest in the oil and gas industry, and queried whether we might have “build our own unrealistic consensus on the pace of change” to clean energy solutions. Buffett defended the company’s investment in the industry and in Chevron specifically, which was a relatively recent investment for the firm.

“I would say that people are on the extremes of both sides are a little nuts. I would hate to have all the hydrocarbons banned in three years,” Buffett said. “You wouldn’t want a world — it wouldn’t work. And on the other hand, what’s happening will be adapted to over time just as we’ve adapted to all kinds of things.” 

“We have no problem owning Costco or Walmart and a substantial number of their stores. And they sell cigarettes, it’s a big item,” he added as an analogy. “It’s a very tough situation … It’s a very tough time to decide what companies benefit societies more than others.” 

“I don’t like making the moral judgments on stocks in terms of actually running the businesses, but there’s something about every business that you knew that you wouldn’t like,” he added. “If you expect perfection in your spouse or in your friends or in companies you’re not going to find it.” 

“Chevron is not an evil company in the least, and I have no compunction about owning it in the least, about owning Chevron,” Buffett concluded. “And if we owned the entire business I would not feel uncomfortable about being in that business.” 

Answering a subsequent question about the Berkshire board of directors’ recommendation to vote against reporting climate-related risks, Munger added, “I don’t know we know the answer to all these questions about global warming.” 

“The people who ask the questions think they know the answer. We’re just more modest.”

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2:17 p.m. ET: ‘I recommend the S&P 500 index fund … I’ve never recommended Berkshire to anybody,’ Buffett says 

Most investors would benefit from simply purchasing an S&P 500 index fund over the long run rather than picking individual stocks, even including Berkshire Hathaway, Buffett said during the question-and-answer session Saturday. 

“I recommend the S&P 500 index fund … I’ve never recommended Berkshire to anybody because I don’t want people to buy it because they think I’m tipping them into something,” he said. “On my death there’s a fund for my then-widow and 90% will go into an S&P 500 index fund.” 

“I do not think the average person can pick stocks,” he added. “We happen to have a large group of people that didn’t pick stocks but they picked Charlie and me to manage money for them 50, 60 years ago. So we have a very unusual group of shareholders I think who look at Berkshire as a lifetime savings vehicle and one that they don’t have to think about and one that they’ll, you know, they don’t look at it again for 10 to 20 years.” 

Charlie Munger, on the other hand, had a different perspective. 

“I personally prefer holding Berkshire to holding the market,” he said in response to the same question. “I’m quite comfortable holding Berkshire. I think our businesses are better than the average in the market.” 

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1:59 p.m. ET: In the 18th century the U.S. ‘had one-half of 1% of the world’s population’ but now has five of the six top companies in the world, Buffett highlights 

Buffett reiterated a staunchly supportive stance of U.S. corporations and capitalism in his opening remarks, highlighting that five of the six largest companies in the world by market capitalization currently comprise domestic companies. Those five companies are Apple, Microsoft, Amazon, Alphabet and Facebook, with only Saudi Aramco of Saudi Arabia coming in as a non-U.S. mega-cap company in the top six. 

But only a couple hundred years ago, the U.S. looked like the underdog. 

“In 1790 we had one-half of 1% of the world’s population,” Buffett said. “600,000 of them were slaves. Ireland had more people than the United States had. Russia had five times as many people. Ukraine had twice as many people.” 

“But here we were. What did we have? We had a map for the future, an aspirational map that somehow now only 232 years later, leaves us with five of the top six companies in the world,” he said. “It’s not an accident. And it’s not because we were way smarter, way stronger or anything of the sort. We had good soil, decent climate, but so did some of the other countries I named. This system has worked very well.”

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1:53 p.m. ET: Economy was ‘resurrected in an extraordinarily effective way’ by Federal Reserve, congressional actions, Buffett says 

In opening remarks at the start of Berkshire Hathaway’s annual shareholder meeting, Buffett credited the U.S. economic recovery from the COVID-19 crisis to swift action by the Federal Reserve and Congress.

“The economy went off a cliff in March. It was resurrected in an extraordinarily effective way by Federal Reserve action and later on the fiscal front by Congress,” Buffett said in opening remarks at Berkshire’s annual shareholder meeting.” 

He added that Berkshire Hathaway’s own business has picked up tremendously alongside the broader economy, and suggested businesses like airlines were still among those most deeply affected by lingering effects from the pandemic. 

“Our businesses have done really quite well. This has been a very, very, very unusual recession in that it’s been localized … to an extraordinary extent. Right now business is really very good in a great many segments of the economy,” he added. “But there’s still problems if you’re in a few types of businesses that have been decimated such as international air travel or something of the sort.” 

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1:20 p.m. ET: ‘This has been the longest decade of my life’: See’s Candies CEO on operating during the pandemic

The CEO of See’s Candies, one of the longstanding companies owned by Berkshire Hathaway, told Yahoo Finance that the company has seen a strong rebound at the start of 2021. However, last year, business virtually ground to a halt. 

“This has been the longest decade of my life. We’ve been through a lot. Last year – it’s a tale of a couple of different quarters. The first quarter was tremendous,” See’s Candies CEO Pat Egan said in an interview with Yahoo Finance’s Julia La Roche ahead of the start of Berkshire’s annual shareholder meeting. “In the middle of March, when this [pandemic] really hit, we shut down all of our stores in a span of five days. So about 245 stores we closed in a matter of days. And then about a week and a half later, we closed our e-commerce fulfillment center down in Southern California. So for a period of time there, we essentially completely stopped.”

“We just said, we’re not going to reopen stores or reopen plants until we can create a safe operating environment for our employees,” he added. “That took a while, and by the time we restored over the summer we saw customers coming back in. But for that period of time, it was pretty rough.” 

See’s Candies just completed its “best first quarter ever” at the start of 2021, Egan added.

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8:20 a.m. ET: Berkshire Hathaway reports 20% jump in Q1 operating profit, additional stock buybacks

Berkshire Hathaway reported first-quarter results Saturday morning, underscoring a rebound in profits across the firm’s businesses amid the COVID-19 recovery. Berkshire also reported that it conducted another $6.6 billion of stock buybacks, extending its ramped-up share repurchase program from 2020. 

Operating income during the first three months of the year increased to $7.02 billion, rising 19.5% compared to the $5.87 billion posted in the first quarter of 2020. Net earnings attributable to Berkshire shareholders swung back to a profit of $11.71 billion, compared to a loss of $49.75 billion in the same quarter last year. 

Consolidated shareholders’ equity rose by $4.8 billion to $448 billion by the end of March compared to the fourth quarter of 2020. 

Read more on Warren Buffett and Berkshire Hathaway

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Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

BEDFORD, Mass., June 07, 2021 (GLOBE NEWSWIRE) — Berkshire Grey, Inc. (“Berkshire Grey”), the leader in AI-enabled robotic solutions that automate supply chain processes for eCommerce, retail replenishment, and logistics, has been invited to present at the UBS Global Industrials and Transportation Conference, which will be held virtually on Tuesday, June 8, 2021.

Berkshire Grey management is scheduled to present at 3:00 p.m., Eastern Time, with one-on-one meetings held throughout the conference. The Company’s presentation will be webcast live and available here.

To receive additional information, request an invitation or to schedule a one-on-one meeting, please contact your UBS representative, or Berkshire Grey’s investor relations team at BG@gatewayir.com.

About Berkshire Grey

Berkshire Grey helps customers radically change the essential way they do business by delivering game-changing technology that combines AI and robotics to automate fulfillment, supply chain, and logistics operations. Berkshire Grey solutions are a fundamental engine of change that transform pick, pack, move, store, organize, and sort operations to deliver competitive advantage for enterprises serving today’s connected consumers. Berkshire Grey customers include Global 100 retailers and logistics service providers.

As previously announced, on February 24, 2021, Berkshire Grey entered into a definitive agreement with Revolution Acceleration Acquisition Corp (Nasdaq: RAAC) that is expected to result in Berkshire Grey becoming a publicly listed company during the second quarter or early in the third quarter of 2021, subject to the satisfaction of customary closing conditions, including approval by the stockholders of Revolution Acceleration Acquisition Corp. 

Berkshire Grey and the Berkshire Grey logo are registered trademarks of Berkshire Grey. Other trademarks referenced are the property of their respective owners.

To learn more about Berkshire Grey, visit www.berkshiregrey.com.

About Revolution Acceleration Acquisition Corp

Revolution Acceleration Acquisition Corp (“RAAC”) focuses on value creation opportunities at the forefront of rapid technological innovation and economic growth. We believe that alternatives to the traditional IPO process create a key avenue for transformative, category-defining companies to quickly and efficiently access public markets, enabling them to scale their business and create value for a broad and diverse group of investors. For more information about RAAC, please visit: www.revolutionaac.com.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transactions between Berkshire Grey and RAAC. Forward-looking statements may be identified by the use of the words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the proposed transaction between Berkshire Grey and RAAC, including statements as to the expected timing, completion and effects of the proposed transaction. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of RAAC’s and Berkshire Grey’s management and are not predictions of actual performance, and, as a result, are subject to risks and uncertainties. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of RAAC and Berkshire Grey. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the price of RAAC’s securities, (ii) the risk that the proposed transaction may not be completed by RAAC’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by RAAC, (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the merger agreement by the stockholders of RAAC, the satisfaction of the minimum trust account amount following redemptions by RAAC’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the inability to complete the PIPE investment in connection with the proposed transaction, (v) the lack of a third party valuation in determining whether or not to pursue the proposed transactions, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vii) the amount of redemption requests made by RAAC’s public stockholders, (viii) the effect of the announcement or pendency of the proposed transaction on Berkshire Grey ’s business relationships, operating results and business generally, (ix) risks that the proposed transaction disrupts current plans and operations of Berkshire Grey and potential difficulties in Berkshire Grey customer and employee retention as a result of the proposed transaction, (x) risks relating to the uncertainty of the projected financial information with respect to Berkshire Grey, (xi) risks relating to increasing expenses of Berkshire Grey in the future and Berkshire Grey’s ability to generate revenues from a limited number of customers, (xii) risks related to Berkshire Grey generating the majority of its revenues from a limited number of products and customers, (xiii) the passing of new laws and regulations governing the robotics and artificial intelligence industries that potentially restrict Berkshire Grey’s business or increase its costs, (xiv) potential litigation relating to the proposed transaction that could be instituted against Berkshire Grey, RAAC or their respective directors and officers, including the effects of any outcomes related thereto, (xv) the ability to maintain the listing of RAAC’s securities on The Nasdaq Stock Market LLC, either before or after the consummation of the business combination, (xvi) the price of RAAC’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which RAAC plans to operate, variations in operating performance across competitors, changes in laws and regulations affecting RAAC’s business and changes in the combined capital structure, (xvii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xviii) unexpected costs, charges or expenses resulting from the proposed transaction, (xix) risks of downturns and a changing regulatory landscape and (xx) the effects of natural disasters, terrorist attacks and the spread and/or abatement of infectious diseases, such as COVID-19, on the proposed transactions or on the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transactions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Amendment No. 1 to RAAC’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020 (the “RAAC Form 10-K/A”), the registration statement on Form S-4 discussed below and other documents filed by RAAC from time to time with the U.S. Securities and Exchange Commission (the “SEC”). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. If any of these risks materialize or our assumptions prove incorrect, actual events and results could differ materially from those contained in the forward-looking statements. There may be additional risks that neither RAAC nor Berkshire Grey presently know or that RAAC and Berkshire Grey currently believe are immaterial that could also cause actual events and results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect RAAC’s and Berkshire Grey’s expectations, plans or forecasts of future events and views as of the date of this communication. RAAC and Berkshire Grey anticipate that subsequent events and developments will cause RAAC’s and Berkshire Grey’s assessments to change. While RAAC and Berkshire Grey may elect to update these forward-looking statements at some point in the future, RAAC and Berkshire Grey specifically disclaim any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing RAAC’s and Berkshire Grey’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither RAAC nor Berkshire Grey gives any assurance that either RAAC or Berkshire Grey, or the combined company, will achieve the results or other matters set forth in the forward-looking statements.

Additional Information and Where to Find It

RAAC filed a registration statement on Form S-4 with the SEC (File No. 333-254539), which includes a preliminary proxy statement to be distributed to holders of RAAC’s common stock in connection with RAAC’s solicitation of proxies for the vote by RAAC’s stockholders with respect to its proposed business combination with Berkshire Grey (the “Business Combination”). After the registration statement is declared effective, RAAC will mail a definitive proxy statement / prospectus to its stockholders as of the record date established for voting on the Business Combination and the other proposals regarding the Business Combination set forth in the registration statement. RAAC may also file other documents with the SEC regarding the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE ENTIRE REGISTRATION STATEMENT AND PROXY STATEMENT / PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AND THE DEFINITIVE VERSIONS THEREOF (WHEN THEY BECOME AVAILABLE), AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The documents filed by RAAC with the SEC, including the preliminary proxy statement / prospectus, may be obtained free of charge at the SEC’s website at www.sec.gov. In addition, the documents filed by RAAC may be obtained free of charge upon written request to RAAC at 1717 Rhode Island Ave NW, Suite 1000, Washington, DC 20036, Attn: Investor Relations.

Participants in the Solicitation

RAAC and Berkshire Grey and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders of RAAC in connection with the proposed transaction under the rules of the SEC. RAAC’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the names, affiliations and interests of directors and executive officers of RAAC in the RAAC Form 10-K/A as well as its other filings with the SEC. Other information regarding persons who may, under the rules of the SEC, be deemed the participants in the proxy solicitation of RAAC’s stockholders in connection with the proposed Business Combination and a description of their direct and indirect interests, by security holdings or otherwise, is included in the preliminary proxy statement / prospectus and will be contained in other relevant materials to be filed with the SEC regarding the proposed Business Combination (if and when they become available). You may obtain free copies of these documents at the SEC’s website at www.sec.gov. Copies of documents filed with the SEC by RAAC will also be available free of charge from RAAC using the contact information above.

No Offer or Solicitation

This communication is not a proxy statement or solicitation or a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of RAAC, Berkshire Grey or the combined company, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be deemed to be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, and otherwise in accordance with applicable law.

Contacts

Berkshire Grey Press Contact:
Lilian Ma
Director of Corporate Communications
lilian.ma@berkshiregrey.com

Berkshire Grey Investor Relations Contact:
Cody Slach, Matt Glover
Gateway Group
BG@gatewayir.com

“The upshot is that investors should be prepared for America’s greatest inflation scare as the economy reopens since the early 1980s, when former Fed Chairman Paul Volcker crushed double-digit inflation in the late 1970s by imposing high real interest rates on the U.S. economy,” Bois said.

The debate is about how long any inflationary fight is likely to last – and exactly what the Fed’s response will be. The answers to these questions have implications for the overall stock market and individual sectors.

Data for the next few months will be watched closely, but any kind of short-term inflation scare is likely to be more of a “data anomaly” related to base effects, the recent commodity price spike or anomalies in supply chains, Brian Nick, chief investment strategist at Nuveen, said in a phone interview.

The base effects are the comparison with prices a year ago, which were often abnormally low due to the pandemic. This means that inflation will appear pronounced even if prices simply return to pre-pandemic levels or move slightly above.

The Fed, meanwhile, has made it clear that it does not expect inflation to be stubborn and is prepared to tolerate an economy that heats up and pushes inflation above its usual target of 2 % for an indefinite period before withdrawing its extraordinary monetary stimulus efforts. .

The 10-year equilibrium rate, sometimes seen as what holders of inflation-protected Treasuries expect consumer prices to average over the next decade, stood at 2. 32% on Tuesday. This is the highest level since mid-2013.

But the outlook for inflation in the shorter term is even higher. The 5-year equilibrium rate was at 2.52% on Tuesday, around its highest since 2008. Such inversions of the equilibrium curve – where short-term inflation expectations exceed longer-term expectations — are sparse and suggest these investors expect inflation to pick up and eventually fade, Michael Arone, chief investment strategist at State Street Global Advisors, said in a note.

But should investors share the Fed’s confidence?

“It might be easy for the Fed to dismiss the price hike as temporary, but with aluminum, copper, oil, timber and housing all up in recent months, it’s risky for investors to ignore the possibility that this is a more permanent upward shift in price,” Arone wrote.

Not all investors are convinced that the Fed will sit idly by as inflationary pressures mount. Fed funds futures traders have started to forecast rate hikes for the end of 2022.

Meanwhile, the yield of the 10-year Treasury note TMUBMUSD10Y,
2.164%
has risen significantly since February, trading as high as 1.77% – its level before the pandemic hit. Yields move in the opposite direction to prices. The yield of the 5-year Treasury note TMUBMUSD05Y,
2.144%,
considered more sensitive to Fed expectations, had opened the way to the upside before moderating this week.

If expectations of an early Fed takeoff continue to rise, it could force a “count” this summer, Nuveen’s Nick said.

“The market is almost always ahead of the Fed and almost always wrong,” he said, but policymakers will need to be vigilant and communicate frequently if inflation data gets too hot. The Fed will have to explain in a “more wobbly” way that the hike is happening for transitory reasons and that policy tightening remains 18 months to two years away, he said.

The environment created by Fed uncertainty provides investors with a “silver lining,” Kristina Hooper, chief global market strategist at Invesco, said in a March 29 note.

Other investors “may take advantage of the ‘Fedspeak’ related sell-off, which may create tactical buying opportunities for investors with a longer time horizon,” she wrote. “And if the markets get really messy, I think Powell will probably step in.”

Jefferies’ Wood argued that the Fed would be willing to “lock in government bond yields by adopting some version of yield curve control, with the question of whether this is done preemptively or after a move in market risk.

Under yield curve control, a central bank targets a longer-term rate and commits to buying the amount of long-term bonds needed to keep the rate below its target.

“Such an imposition of price controls on the US Treasury market will officially introduce a regime of financial repression. It will also send the unspoken message that the Fed understands that the system can no longer politically support higher interest rates,” Wood wrote.

Meanwhile, any hint of an early cut from the Fed would trigger a strong sell-off in stocks, he said.

But until the Fed appears to backtrack on its promise to delay tightening, the rate hike is likely to remain relatively benign, Nuveen’s Nick argued. While there was an opportunity to recoup some growth-linked stocks that looked oversold during the first-quarter rotation, improving economic and vaccine data should continue to benefit cyclicals, it said. he declared.

State Street’s Arone argued that investors should take certain precautions.

“To hedge against the possibility of rising inflation, investors could consider replacing traditional bonds and growth stocks with growth-sensitive bonds and rate-sensitive stocks to ensure portfolios remain diversified and achieve their investment goals,” he wrote.

Sunny Oh contributed reporting for this article.

While the summer months in the market are generally known to be less active, there are still many exciting opportunities for investors and traders looking to add new positions. We are seeing constructive action in all different areas of the market after a small correction, and even some of the names of the battered growth are starting to turn the page. While investors should always be on the lookout for the overall risk of inflation, the Federal Reserve and tax hikes, the market is certainly well prepared for June.
We’ve provided a quick rundown of the top 3 stocks to buy in June so you can get a head start on building your watchlist. Each of these titles has a trend or momentum that works in its favor, which is why they deserve your attention. Let’s take a more in-depth look below.
Ulta Beauty (NASDAQ: ULTA)
Ulta Beauty is a great option to consider in June, as the company is offering investors a way to take advantage of people returning to malls in the wake of the pandemic. As one of the largest beauty product retailers in the United States and a company that offers specialty retail products such as cosmetics, perfumes, skin care products, skincare products hair and salon services, Ulta offers a good way to market yourself to a leading company in the consumer arena. discretionary sector. The company has been busy gaining market share during the pandemic and has invested heavily in developing its e-commerce platform, which is expected to reward long-term investors with continued growth.
The company just released its first quarter results which were nothing short of impressive, another good reason to consider adding shares. Ulta reported first quarter net sales of $ 1.9 billion, a 65.2% year-over-year increase, thanks to a combination of government stimulus, easing restrictions on COVID-19 and improved consumer confidence. The company’s first-quarter EPS of $ 4.10 was more than double what analysts expected, and the fact that the company has raised its annual forecast tells us that management expects the momentum to build. continues for the rest of the year. The stock is on the verge of crashing after briefly hitting new all-time highs on Friday, so keep an eye out for Ulta at the start of the month.
Global-E Online Ltd (NASDAQ: GLBE)
This company went public in early May and offers a new opportunity for investors who wish to add e-commerce exposure to their portfolios. Global-E Online has developed a platform that enables and accelerates the global growth of cross-border e-commerce directly to consumers. The stock has risen more than 30% from the IPO price of $ 25 per share and could see a further rise in June as the company gains visibility and new investors find out what the company is. .
It can be quite difficult for business owners to find the right way to market and sell their products outside of their home country, which is one of the main reasons why this company’s platform is intriguing. Just think about dealing with issues like language barriers, currency conversion, and international compliance laws to capture the value Global-E Online can deliver. It should also be mentioned that Shopify took 6.5% in the company. While the stock doesn’t have much trading history, racking up stocks of what could be the next big thing in the growth space could be a smart move in June.
AppLovin Corp (NASDAQ: APP)
Another recent Initial Public Offering The stock that investors should consider adding in June is AppLovin Corp, a mobile apps technology company. AppLovin provides software solutions that mobile app developers can use to grow their businesses by automating and optimizing the marketing and monetization of their apps. We know how ubiquitous mobile devices are in today’s society, and any business that can help grow the mobile app ecosystem certainly has a solid outlook.
AppLovin shows attractive sales and reported revenue growth up 132% year-on-year to $ 604 million in the first quarter. It’s also worth noting that the company reported first-quarter Adjusted EBITDA of $ 131 million, up 110% year-over-year and a rarity among high-growth companies that recently went public. The stock recently hit new highs after the IPO and has some momentum working in its favor to start June, which is why it’s a great option to consider adding to the stock market. to come up.

Contributor Depositphotos.com/Depositphotos.com via MarketBeat

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4 best social media stocks to watch today

Social media actions have increased in the stock Exchange during the last years. After all, it has become an integral part of our lives. Certainly, the coronavirus pandemic has accelerated the growth of social media as traditional in-person social activities have been disrupted. Yet even before the pandemic, the industry was flourishing. According to Statista, more than 3.6 billion people around the world use social media. And the number continues to increase.

At this time, we have people who have full-time jobs on social media platforms like Amazon (NASDAQ: AMZN) Twitch and Alphabet (NASDAQ: GOOGL) Youtube. Additionally, if you are running a business or business, it also provides a great opportunity to build relationships with customers by collecting input, answering questions, and listening to their feedback. This would then lead to a better understanding of what works and what does not. It is therefore natural that investors seek the best social media stocks to buy. With all of that in mind, here’s a list of the top social media stocks on the stock market today.

Social media stocks to buy [Or Sell] Today

Pinterest Inc

Let’s start the list with the visual social media company, Pinterest. Unlike other social media platforms like Facebook and Twitter, the company focuses on hobbies and ideas with its visual discovery platform. Its visual discovery platform acts like a virtual bulletin board, where people use pins to share their ideas, save images and videos to the web, and organize their favorite recipes. Not only that, but it also offers online marketing services to brands that connect them with people based on their interests.

Last week, Pinterest announced the expansion of its shopping features to Australia, Canada, France and Germany. The company offers its users the ability to make purchases from Pins, on Boards, from research and inspiration they find using Lens Camera Search. In addition, users will be able to draw inspiration from Shopping spots, which feature recommendations and trends from influential publishers.

The story continues

Plus, shopping on Pinterest is better than ever for advertisers. Giving people time to think and enjoy their purchases the way they can on Pinterest would likely result in significantly higher spending. When advertisers add Shopping ads to the mix, they generate three times the conversions and sales, and twice the positive return on ad spend. Thus, it is safe to say that this functionality would be a key factor in the growth of the business in the long term. With that in mind, would you invest in PINS stock as it shows signs of recovery over the past month?

[Read More] 4 semiconductor stocks to watch right now

Snap Inc

Snap is essentially a camera business. He is best known for his camera app, Snapchat. The company believes that reinventing the camera would represent the greatest opportunity to improve communications. With the company’s slow growth in popularity and an actively growing user base, SNAP stock has climbed nearly 200% in the past year.

Last May, the company finally announced Next Generation Spectacles, its first pair of glasses that brings augmented reality (AR) to life. These are lightweight display glasses, designed for designers to layer their lenses directly onto the world. In addition, it also announced new augmented reality tools and camera experiences for its users. AR has become the heart of the Snapchat experience, where the majority of the Snapchat community engages with augmented reality to communicate and learn on a daily basis.

Basically, the business is also very strong. Its recent first quarter earnings report showed some impressive numbers. Snap had revenue of $ 770 million, up 66% year-over-year. Its daily active users also increased 22% to 280 million. These are the highest growth rates ever recorded by the company in both areas over the past three years. All of this shows that the company’s relentless product innovation is paying off. All things considered, do you think the SNAP share would be a good investment?

[Read More] 4 artificial intelligence stocks to watch right now

Twitter Inc

Twitter functions as a platform for public expression and real-time conversation. It allows users to consume, create, distribute and discover content. Twitter also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which allow advertisers to promote their brands, products and services. TWTR’s stock has grown by over 70% over the past year.

In its first quarter financial report, the company reported 20% year-over-year growth in monetizable daily active use. Revenue for the quarter increased 28% year-over-year to $ 1.04 billion. Net profit was $ 68 million, representing a net margin of 7%. This compares to a net loss of $ 8 million for the same period last year. It’s a good start to the year for the company, as people are turning to Twitter to check on what’s going on and help them find their interests faster.

It is also noteworthy that Twitter announced the appointment of Mimi Alemayehou to the company’s board of directors last week. Ms. Alemayehou brings to Twitter’s board of directors over 20 years of investment and finance experience in emerging markets, with a particular focus on Africa. In addition to the experience it brings, it also reinforces the diversity dynamic on which the company focuses. Given the endless opportunities that lie ahead, would you add TWTR stocks to your portfolio?

[Read More] The best stocks to buy now? 3 ecommerce stocks to watch out for

Facebook, Inc

Finally, we have the social media giant Facebook. The company develops products that allow people to connect and share with friends and family through a variety of devices. Its products would include Facebook, Instagram, Messenger, and Whatsapp. You are probably on one of these platforms, if not all of them. Since its creation in 2004, it is today one of the largest companies in the world. In fact, he may soon be joining the $ 1,000 billion club.

Since the market collapsed in March 2020, FB stock has been trending higher. It should be noted that its price has more than doubled since the crash. According to its latest quarterly report, its profits were $ 3.3 per share. Revenue for the quarter was $ 26.17 billion, up 48%. The social media giant attributed the significant increase in revenue to a 30% year-over-year increase in the average price per ad and a 12% increase in the number of ads served.

When evaluating a predominantly social media business, its Daily Active Users (DAUs) are a very large number. Facebook averaged 1.88 billion DAU on its platform according to its most recent report. So is it safe to assume that Facebook’s dominance in the social media space is here to stay? If you believe it, could FB stock be a viable investment now?

Since TikTok launched in 2016 as Musical.ly, it has grown in popularity internationally – with former President Donald Trump even trying to ban the Chinese app in 2020.

See: Top 10 richest TikTok influencers

The platform, which has 689 million monthly active users, originally became known for its viral dance trends; but since it expands beyond a teenage audience to users of all ages, you can find just about any content topic in its one-minute video format. This includes politics, fashion, sketch comedy, and even personal finance.

Colloquially known as “FinTok” (TikTok finance), this corner of the app gives everything from day trading tips to advice on paying off credit card debt. And, as with everything on the internet, advice should be taken with a grain of salt. After all, almost anyone can pick up their phone, shoot a video and slap a #StockTok hashtag on it – that doesn’t mean you should put your money where their mouth is.

The most influential money: Where do Americans get their financial advice?

On the other hand, there are TikTokers that give very solid financial advice and teach teens and young adults what their high school education probably didn’t. Here is an overview of the top 10 money experts on the app.

Last update: April 23, 2021

Madeleine Pendleton

While Pendleton’s account isn’t focused on personal finance, much of the content is. Pendleton herself has held a multitude of jobs and been homeless at times, but now owns a successful small business in Los Angeles. She breaks down topics from getting your first apartment to student loan debt in an easy-to-understand, anecdotal way that her followers love.

Read: Where do Americans get their financial advice? Best TV Shows

Seth Godvin

• To manage: @seth.godwin

• Followers: 410.6K

Godwin is a personal finance builder whose biography says he gives “financial education, not advice.” Like Pendleton, his videos explain basic money concepts in a simple way, without the fancy, fake feeling you can get from other creators (who are really looking to go viral and make a profit).

The story continues

Read: How much do Instagram influencers earn? Top earners 2021

Break your budget

• To manage: @breakyourbudget

• Followers: 154.3K

If you’re more of a visual learner, this might be a good account for you. Breakyourbudget films most of its videos while writing on a piece of notebook paper – exploring everything from side hustles to real estate investing to budgeting.

See: 10 financial books that will change your life (and your finances)

Mark Tilbury

• To manage: @marktilbury

• Followers: 6.4M

Mark Tilbury is a self-proclaimed “self-proclaimed millionaire” and uses a conversational, comedic video style to educate his viewers. Its content is high quality and straightforward, and often focuses on the stock market and other investments.

In the news: Nerf is hiring a ‘Chief TikTok Officer’ who will earn a hefty monthly salary

Bet Bafna

• To manage: @thepariibafna

• Followers: 315.8K

The content of Parii Bafna is mainly aimed at helping teenagers and students to be money savvy; with tips on the best student credit cards, how to open a retirement account, and even multi-part videos explaining Robert Kiyosaki’s “Rich Dad Poor Dad.”

Find: Top Expert Money Advice for Millennials

Nick Meyer

• To manage: @nicktalksmoney

• Followers: 306.2K

Nick Meyer is a Certified Financial Planner (CFP) whose sketch-style content clarifies money topics that can quickly become confusing for the average person, such as graduated tax brackets, stock sales taxes and the real estate crowdfunding.

Learn more: Top Money Experts for Every Generation

Humphrey Yang

• To manage: @humphreytalks

• Followers: 1.7M

Humphrey Yang, like other finance TikTokers, does a great job of breaking down concepts like NFTs and retirement accounts. But it also looks at restricted stock units, stop losses and other niche investment terms, while being transparent about its own social media earnings and investment portfolios.

To verify: Finance Pro Rachel Cruze Shares The Biggest Money Mistake You’re Probably Making

Tori Dunlap

• To manage: @herfirst100k

• Followers: 1.3M

Tori Dunlap’s account is all about empowering women through personal finance and proving that you don’t need to get your financial advice from a man. Her content includes tips for entrepreneurs (she’s a business owner herself), how to navigate the workplace, and investing in the stock market.

Following: Paula Pant Has Achieved Financial Independence – Here’s What’s Holding Other Women Back

Taylor Prize

• To manage: @pricelessstay

• Followers: 1.0M

Taylor Price is a Gen Z investor who teaches other young people how to invest, save for retirement, take care of side hustle and more. His account is proof that you’re never too young to learn financial knowledge and start building wealth.

Find: Where do Americans get their financial advice? Best Podcasts and Radio Shows

Commercial training

• To manage: @tradertoks

• Followers: 400.9K

If you’re only looking for stock content, @tradertoks has it. This creator exposes his own investments, talks about hot topics like Dogecoin and GameStop, and teaches viewers how to avoid stock losses, among other market tips.

More from GOBankingRates

This article originally appeared on GOBankingRates.com: Top 10 money experts to watch on TikTok

Investing in a Special Purpose Acquisition Company (SPAC) is not for the risk averse investor. A SAVS is a shell company that helps get a private company listed on the stock exchange, usually through a reverse merger.

This is what makes it difficult to invest in a PSPC. On the one hand, you invest in the management team of the acquiring company. That’s why one of the common refrains you’ll hear with PSPC investing is “bet on the jockey”.

On the other hand, you are really investing in the prospects of the business that is being made public. DraftKings (NASDAQ: DKNG) is an example of a company that has gone public via a SAVS which has rewarded its shareholders.

DraftKings is not the only example, but the reality is that many companies that go public through an SPAC do not perform as investors expect. In 2020, several companies affiliated with electric vehicles (EVs) went public. However, as it became clear that the EV market was not going to explode as quickly as expected, many of these stocks have disappointed to date.

However, there is no sure thing. But some current PSPC offers seem to have a bright future. Here are three choices that should be on your watchlist.

PIoneer Merger Corp. (PACX)

The first PSPC on this list is Pioneer Fusion Corp. (NASDAQ: PACX) which makes the Acorn savings and investment app public. Financial technology (fintech) is one of the hottest sectors in the market. JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon recently acknowledged that fintech is disrupting the traditional banking system.

Acorn’s signature product is a mobile application to save and invest. The company’s signature offering allows customers to automatically invest the currency of their debit or credit card purchases directly into index funds. However, in recent years, it has expanded its services to include traditional banking products, a debit card, and even an automated retirement account service.

The story continues

The deal is valued at around $ 2.2 billion and is expected to close in the second half of 2021. Acorn will be listed on the NASDAQ under the symbol OAKS.

Kensington Capital Acquisition Corp (KCAC.N)

The next PSPC on our list is Kensington Capital Acquisition Corp. (NYSE: KCAC). Kensington is known to bring many companies to the stock market (hence the .N in the ticker above). This time around, the company is eyeing Wallbox, the Spanish manufacturer of electric vehicle chargers.

It is an interesting PSPC because it is in a way “competitor” of another PSPC, TPG Pace Beneficial Finance Corp. (NYSE: TPGY), which brings public EVBox, the largest electric vehicle charging company in Europe. Wallbox could be the first European company to go public in the EV charging space.

It is not a risk free area. In the USA, Charging point (NYSE: CHPT) the action has so far fallen short of its hype. Nevertheless, electric vehicles are already more widely available and accepted in Europe and more infrastructure will still be needed for widespread adoption.

DPCM Capital inc. (XPOA)

The last PSPC on our list is DPCM Capital inc. (NYSE: XPOA). This company brings Jam City, the public mobile game developer. As part of the merger, Jam City acquires Ludia Inc., a Montreal-based game publisher. Ludia creates games based on the “Jurassic World” movie franchise.

The optimism surrounding the deal can be summed up in one word, Roblox (NYSE: RBLX). Since its initial public offering via direct listing in March 2021, RBLX stock has risen in recent times.

Jam City is used to acquiring new companies and developing its own games in-house. And the company has entered into a multi-year gaming agreement with The Walt Disney Company (NYSE: DIS). PSPC’s goal is to generate the additional capital it needs to fuel even greater growth. For example, the company is forecasting $ 1 billion in reservation revenue after the merger is finalized. This compares to the $ 471 million the company recorded in 2019.

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By Noreen Burke

Investing.com — The week ahead is shaping up to be fairly quiet with the International Monetary Fund’s spring meeting and minutes from the latest Federal Reserve and European Central Bank meetings filling the void before the start of trading season. results in the middle of the month. Stock markets are set to get a boost from Friday’s stronger-than-expected US jobs report and investors will be watching whether Congress passes President Joe Biden’s massive infrastructure plan announced last week. Monday’s ISM services sector data will also be in focus after a similar manufacturing sector gauge soared in March. Here’s what you need to know to start your week.

Stock market gains could continue

US stock markets started April on a solid footing, with the S&P 500 index hitting the 4,000 level for the first time last Thursday. Those gains could continue after the Labor Department announced on Friday that the U.S. economy had added 916,000 jobs in March, the most in seven months, while job growth in February was also stronger than expected.

Stock markets were closed for Good Friday in the United States, Europe and elsewhere and will remain closed in some areas for Easter Monday.

The market rally was fueled by massive stimulus measures in the United States and expectations that the vaccine rollout will spur economic recovery.

Investors will also be watching whether Congress will pass the infrastructure plan that President Biden introduced last week. It includes $2 trillion in spending, but also contains plans to raise corporate taxes that investors fear will hurt profits.

IMF meeting

The IMF is due to start its spring meetings (virtually) on Monday, where policymakers will outline the economic fallout from the pandemic, but also release updated growth forecasts for 2021 and 2022.

IMF Managing Director Kristalina Georgieva has previously indicated that the World Economic Outlook update will see an upward revision to January’s forecast for global economic growth of 5.5% this year.

The story continues

Along with the updated economic outlook, G20 finance ministers will meet on Wednesday to discuss debt relief initiatives.

Central bank minutes

The Federal Reserve is due to release the minutes from its March meeting on Wednesday and investors will be on the lookout for fresh inflation news amid fears that an unprecedented stimulus could lead to mounting price pressures.

Fed Chairman Jerome Powell played down concerns about inflation after the bank’s meeting in March, saying policymakers saw inflationary pressures as transitory.

The ECB will publish its latest minutes of meetings Thursday. Last week, ECB President Christine Lagarde said investors could test the bank’s willingness to rein in rising borrowing costs “as much as they want”.

Powell, Fed Speakers

Investors will watch an appearance by Fed Chairman Jerome Powell, who is due to discuss the global economy at an IMF panel on Thursday.

Other Fed policymakers who made appearances during the week included Richmond Fed Chairman Tom Barkin on Wednesday and Chicago Fed Chairman Charles Evans, who is scheduled to speak on Tuesday. and Wednesday.

Meanwhile, US Treasury Secretary Janet Yellen is due to speak at a webinar hosted by the Chicago Council on Global Affairs on Monday to discuss the global economic recovery from the pandemic.

Economic data

The Institute of Supply Management is to release data that will be closely monitored on service sector activity on Monday. An ISM manufacturing survey released late last week showed activity hit a 37-year high in March, a strong indication that an economic rebound is likely underway.

The economic calendar also features Thursday’s weekly data on Initial jobless claims as well as figures on producer price inflation Friday, which will be scrutinized for signs of developing inflationary pressures.

–Reuters contributed to this report

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While Vectrus, Inc. (New York Stock Exchange: VEC) may not be the best-known stock right now, it has seen a significant rise in share price of over 20% in the past two months on the NYSE. As a small-cap stock, barely covered by analysts, there’s usually more opportunity for mispricing because there’s less activity to bring the stock closer to its fair value. Is there still a possibility here to buy? Today, I will be analyzing the most recent Vectrus outlook and valuation data to see if the opportunity still exists.

See our latest analysis for Vectrus

What is the opportunity in Vectrus?

Good news for investors – Vectrus is still trading at a fairly cheap price. According to my assessment, the intrinsic value of the stock is $71.66, but it is currently trading at US$56.75 in the stock market, which means there is still a buying opportunity now. What is more interesting is that the Vectrus stock price is quite volatile, which gives us more of a chance to buy since the stock price may go down (or up) in the future. This is based on its high beta, which is a good indicator of how the stock is doing relative to the rest of the market.

What does the future of Vectrus look like?

Investors looking for portfolio growth may want to consider a company’s prospects before buying its stock. Although value investors argue that it is intrinsic value relative to price that matters most, a more compelling investment thesis would be high growth potential at a cheap price. Vectrus earnings over the next few years are expected to increase by 64%, indicating a very optimistic future. This should lead to more robust cash flow, fueling higher share value.

What does this mean to you :

Are you a shareholder? Given that VEC is currently undervalued, now may be the time to increase your stock holdings. With a positive outlook on the horizon, it appears that this growth has yet to be fully priced into the stock price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation.

The story continues

Are you a potential investor? If you’ve been keeping tabs on VEC for a while, it might be time to take a leap. Its buoyant future outlook is not yet fully reflected in the current share price, meaning it’s not too late to buy VEC. But before making investment decisions, consider other factors such as the track record of its management team, in order to make an informed investment decision.

It can be very useful to consider what analysts expect from Vectrus based on their most recent forecasts. So feel free to check out our free graph representing analyst forecasts.

If you are no longer interested in Vectrus, you can use our free platform to see our list of more 50 other stocks with high growth potential.

This Simply Wall St article is general in nature. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

Today we are going to take a look at the well-established company eBay Inc. (NASDAQ: EBAY). The company’s shares have received a lot of attention due to a substantial price increase on the NASDAQGS over the past few months. With many analysts covering large-cap stocks, we can expect any price-sensitive announcements to have already factored into the stock price. However, could the stock still trade at a relatively cheap price? Let’s take a closer look at eBay’s valuation and outlook to determine if there is still an opportunity to trade.

Check out our latest analysis for eBay

Is eBay still cheap?

Good news for investors – eBay is still trading at a fairly cheap price. According to my assessment, the intrinsic value of the stock is $74.33, but it is currently trading at US$58.35 in the stock market, which means there is still a buying opportunity now. However, since eBay’s share is quite volatile (meaning its price movements are amplified relative to the rest of the market), this could mean that the price may drop, giving us another chance. to buy in the future. This is based on its high beta, which is a good indicator of stock price volatility.

Can we expect growth from eBay?

Future prospects are an important aspect when considering buying a stock, especially if you are an investor looking to grow your portfolio. Although value investors argue that it is intrinsic value relative to price that matters most, a more compelling investment thesis would be high growth potential at a cheap price. However, with negative earnings growth of -6.4% expected over the next two years, near-term growth certainly does not appear to be a driver for a buy decision for eBay. This certainty tilts the risk-reward scale toward higher risk.

What does this mean to you :

Are you a shareholder? Although EBAY is currently undervalued, the unfavorable outlook of negative growth carries a degree of risk. Consider whether you want to increase your portfolio’s exposure to EBAY, or whether diversifying into another security may be a better decision for your total risk and return.

The story continues

Are you a potential investor? If you’ve been keeping tabs on EBAY for a while but are hesitant to take the plunge, I recommend digging deeper into the stock. Given its current undervaluation, now is the time to make a decision. But keep in mind the risks that come with a negative growth outlook going forward.

So, if you want to dig deeper into this stock, it is crucial to consider the risks it faces. For example – eBay has 2 warning signs we think you should know.

If you are no longer interested in eBay, you can use our free platform to see our list of more 50 other stocks with strong growth potential.

This Simply Wall St article is general in nature. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.