📺Last week, home entertainment company Vizio went public on markets. Its debut came on a down day for markets, sending the stock tumbling over 10%. Vizio posted four days of gains since then, rising 30% in total since IPO. Today, $VZIO rose 14% in trading.
😷Stocks that benefit from the end of the COVID-19 pandemic are continuing to rise as most U.S. states are moving into phases two and three of the vaccine rollout. Avis Budget Group, which owns rental companies Avis and Budget (I’m sure that’s shocking/surprising information), jumped nearly 10% today. They were joined by other “reopening stocks” such as airlines and cruise companies.
⚒️The industrials sector has been outperforming the broader market for the last few weeks given concerns about bonds, inflation, and other economic factors. In the last month, the SPDR Industrial Select Fund rose over 6%. Today, two industrials are shining. United States Steel, one of the oldest stocks on the stock market, rose with the similarly named but unrelated, U.S. Concrete. $X rose 8.7% and $USCR rose 8.4% today.