Episode 29: IPO debuts, Disney, and hispanic heritage month.

Hello Pandocap family, Happy Friday! We finish off the week with more earning results, some incredible IPO debuts, and Nasdaq continues to break new records. 

The jobs data beat it’s forecast for many sectors including leisure and hospitality, despite the rise of COVID as industries find innovative ways to bring workers back. 

Disney shares pop after it reveals 100 million streaming subscribers on their streaming service, although the earnings reports were mixed due to a $3.5 billion hit from park closures.  I strongly believe there is still a lot of upside on Disney, especially on the streaming end. 

We saw several IPOs hit the public markets this week, including Shopify rival BigCommerce, an eCommerce platform.  Shares of BigCommerce were priced at $24, allowing the company to raise $216 million, but within minutes trading was halted due to volatility, as shares surged as much 292%.  Many experts continue to question whether the banks are pricing IPO’s correctly since millions were left on the table for this deal. 

We saw Nasdaq reach another record high this week breaking over 11,000 as more people continue to move money into big tech. We continue to see how technology leads to support us during these unprecedented times. 

Moving on to the markets

Dow up closing at 27,433

S&P up closing at 3,351

Nasdaq dow slightly off its high of 11,010

Finally, we had an interview due to launch today for Mitzi Madrid Diaz that we are rescheduling soon, so stay tuned.  

I am thrilled to announce the live broadcast for Hispanic Heritage Month, to take place on 9/14.  We will be celebrating with clients, friends, and influencers in our community.  If you are interested in joining our efforts please feel free to reach out and send an email to laura@pandocap.co. 

Have a great weekend.