Money & Market Last week of the week of August 16, 2021. It’s a quiet week for an IPO, so look forward to the rest of 2021.
Retail is a big theme this week. I preview solid earnings in the sector: Walmart Inc. (NYSE: MWT)... And key sales reports should give you insight into how consumers are spending their hard-earned money during the economic recovery.
Forefront of 2021 IPO
Robinhood Market (Nasdaq: Hood), Coinbase Global Inc. (Nasdaq: coin) And Squarespace Inc. (NYSE: SQSP). The last two were published directly through the list.
However, it has reached midsummer IPO Calm down and want to do something a little different this week. Let’s look at some 2021 IPOs on our radar. Here are three companies that may cause a splash later this year.
This could be the largest IPO in history. Stripe is its own online payment processor (think PayPal), serving “millions of companies of all sizes”. Website.. This creates the infrastructure that these companies need to facilitate transactions.
The date for this IPO has not yet been set, but Stripe’s assessment has already been estimated as follows: $ 95 billion.. Looking at this, Coinbase was valued at around $ 86 billion after the start of the IPO in April.
During the 2020 COVID-19 pandemic, certain companies prospered. InstaCart was one of them. Online grocery stores have provided important services in the blockade, changing the way people buy their necessities.
InstaCart is currently rated as: About $ 39 billion After some funding earlier this year. It will be interesting to see how this company adapts as face-to-face shopping grows again. However, the Delta variant could be another tailwind for this innovative service.
The InstaCart IPO hasn’t been dated yet, but it’s quite possible that it will go public in 2021.
Autonomous electric vehicle (EV) space is crowded and Rivian is ready to take part in its market. Rivian’s IPO should hit the market in late 2021 and could reach a valuation of $ 70 billion. Business insider..
Rivian was founded in 2009 and will begin delivering two consumer EVs in 2021. We are also ordering 100,000 commercial vans for e-commerce giant Amazon.
Deep Dive: Walmart Revenue Preview
The earnings season is slowing, but there are still some celebrities.
I want to emphasize retail giants Walmart Inc. (NYSE: WMT)... We plan to report quarterly figures on Tuesday.
Walmart often does not miss revenue
In March 2020, at the height of COVID-19, Wal-Mart shifted its business model to manage losses. Increasing its online presence to compete with Amazon’s huge e-commerce and focusing on the grocery business as consumers spend more on their necessities.
Earnings per share (EPS) was higher than expected in the last three quarters of 2020, with minor issues in the first quarter of 2021 (the last quarter of the fiscal year). Wal-Mart recovered in the last quarter and reported EPS growth of $ 1.69 against the expected $ 1.21.
WMT wants to maintain revenue continuity
Wal-Mart will achieve its sixth straight beat each quarter. In the second quarter of 2021, its $ 138.3 billion revenue was reported to have overwhelmed expectations of more than $ 6 billion. Due to strong online sales, sales increased 2.7% year-on-year. E-commerce sales in the US increased 37% and internationally increased 49%.
skinny: Analysts have high expectations after such a strong quarter. EPS growth is projected to be $ 1.54 and revenue is projected to be $ 135.8 billion.
I don’t know why Wal-Mart can’t beat these numbers again. E-commerce sales should continue to be strong as shoppers are returning to the store and some consumers are adopting new consumer habits.
It’s not an exciting stock to own, but its number proves to be a solid performer doing the right thing in the evolving retail space.
Data Dump: Core Retail Sales
As the economy reopens, economists and investors want to know how consumers are reacting.
NS Census Bureau The Core Retails Sales report provides important insights into how much consumers spend on retail products, excluding automobiles. July numbers are expected to drop on Tuesday.
Retail sales weren’t going well every month. April sales increased 8.4%, primarily due to increased availability of the COVID-19 vaccine. Since then, sales have looked the same as before the pandemic.
Fluctuations in retail sales after a pandemic
skinny: Economists predict that sales will grow 1.3% in June and then only 0.1% in July. This is a pretty safe expectation. This means that no one feels bullish or bearish about this aspect of the economy. This may indicate a true “return to normal”.
The July report may not reveal much about the state of the economic recovery, but it is a noteworthy indicator as the world wrestles with delta variants over the next few months.
Lastly Money & Markets Week AheadLet’s take a look at some keys here Revenue This Week’s Report:
Roblox Corp. (NYSE: RBLX).
Tencent Music Entertainment Group (NYSE: TME).
Walmart Inc. (NYSE: WMT).
Home Depot Inc. (NYSE: HD).
Sea Ltd. (NYSE: SE).
NVIDIA Corp. (Nasdaq: NVDA).
Cisco Systems Inc. (Nasdaq: CSCO).
Target Corp. (NYSE: target).
Applied Materials (Nasdaq: AMAT).
Estee Lauder Companies Inc. (NYSE: EL).
Ross Stores (Nasdaq: ROST).
Coles (NYSE: KSS).
Deere & Co. (NYSE: DE).
Foot Locker Inc. (NYSE: FL).
Hibbett Sports Inc. (Nasdaq: Hello BB).
Assistant Managing Editor, Money & Market
2021 IPOs to Watch For + Walmart Earnings Preview Source link 2021 IPOs to Watch For + Walmart Earnings Preview