1. Markets Rise on a Merger Monday 2. Raytheon and United Technologies Tie Up 3. Data Analytics Firms are in Style
4. Mojo Traders hit 200% winner in chat room
Dow 26,062.68 +0.30%
S&P 2,886.73 +0.47%
Nasdaq 7,823.17 +1.05%
VIX 15.94 -2.21%
Bitcoin $7,945.38 +2.82%
US 10-Yr Yield 2.143 +2.83%
Pick of the Day
This stock was picked at 9:42 am by ProTrader Mikdaizz in the Mojo Chat Room at the price of $1.11. By lunchtime the stock was at $3.50 an incredible 200% winner. Now just think about this....l what if I called you in the morning
tomorrow and told you Apple stock was going to go from $200 to $600 and by lunchtime you scored. These are the kind of moves that we see regularly inside the Mojo chat room. We trade all day long from 9:30 am when the bell rings to 4:00 pm when the markets close. If you would like to check out some of the action in the chat room, here is a free invite for you. just click the link and I'll see you in the Discord chat room.
Raytheon and United Technologies agreed to a $166 billion merger that would make the combined company, which will be called Raytheon Technologies, the second biggest defense contractor on the planet, behind Boeing. In what the companies are
calling a 'merger of equals', United Technologies would own 57% of the combined entities to
Raytheon's 43%. Surprisingly, the two companies do not compete with each other for contracts, and a merger would bring together Raytheon's Tomahawk missile systems with United Technologies capabilities in jet engine manufacturing.
United Technologies split its company into three units last November which include Otis Elevators, Carrier HVAC Systems and its Aerospace division, which is the one merging with Raytheon.
Raytheon gets about 75% of its business from the U.S. Dept. of Defense, while United Tech. gets about 25% from the agency.
If the the merger goes through, it will leave four major U.S. defense contractors out on their own. They are Lockheed Martin, General Dynamics, Northrup Grumman and Boeing.
Beyond Meat Is Beyond...
Beyond Meat, the plant-based food company famous for its 'Beyond Burger', closed today up 570% from its IPO price of $25. That's not a typo.
At one point today, the company's shares were up 600% from its IPO price, as ravenous investors piled into the stock like it was the only company worth buying.
The company reported its first quarter as a public company last Thursday, and it told investors that it expects
revenues to more than double next year.
Still, the company lost $6 million on sales of only $40.2 million in the past quarter.
At $168 per share, Beyond Meat has a market value of $9.65 billion.
June 10th, 1752 - Benjamin Franklin flies a kite during a thunderstorm and is able to demonstrate the connection between lightning and electricity. He coined a number of terms used today, including battery, conductor and electrician.
Franklin also invented the lightning rod, used to protect buildings and ships.
Ben Franklin was of course, among other things, an author, a printer, a political theorist, an inventor and a Founding Father of the United States. We're filing this episode under inventor.
