ESG Investing Strategy, Tips
Plus, CVS buys a health org.
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ESG Investing Strategy, Tips
Every ESG (Environmental, social, and corporate governance) fund may have different criteria to screen stocks, says Sharon Schneider, an author and a consultant for Integrated Capital Strategies in a new episode of the Early Bird podcast.
Popular: ESG is increasing in popularity because of more awareness, according to Schneider, which has resulted in financial institutions creating their own ESG products.
Read the Fine Print: An ESG fund may contain odd stock holdings. Schneider said that some climate-friendly ESG funds may hold fossil fuel companies because those enterprises also own renewable energy investments.
Advice: For those investors interested in ESG, Schneider said it is best to stick with funds instead of stocks.
Final Thoughts: How should investors get started with ESG? Schneider explains in a new episode of the Early Bird podcast.
Notable Earnings Today: Kingsoft Cloud Holdings (Nasdaq: KC), UiPath (NYSE: PATH), Coupa Software (Nasdaq: COUP), Gitlab (Nasdaq: GTLB), Guidewire Software (NYSE: GWRE), Healthequity (Nasdaq: HQY), Investcorp Credit Management BDC (Nasdaq: ICMB), Avid Bioservices (Nasdaq: CDMO).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: SpiritHoods (StartEngine), ChemTech AI (StartEngine), Ortek Therapeutics (StartEngine), Hercules Mulligan (StartEngine).
Notable Economic Events Today: S&P Global Composite PMI (9:45 a.m. ET), Services PMI (9:45 a.m. ET), ISM Non-Manufacturing PMI / Employment (10:00 a.m. ET).
CVS Buys Healthcare Company
CVS Health (NYSE: CVS) announced Monday that it was closing a deal to acquire Signify Health (NYSE: SGFY).
Details: The deal is for $30.50 per share, which is higher than Signify’s stock price on Friday. The total transaction value will be about $8 billion. Signify Health CEO Kyle Armbrester will also join CVS Health.
Numbers: Signify’s stock jumped 6.74% on Monday due to the news. The stock is up 91% this year, including 30% in the past 30 days. Meanwhile, shares of CVS are down 4.5% this year, including a 2% dip in the past 30 days. The stock price peaked earlier in the year.
Final Thoughts: The transaction allows CVS to enter the home healthcare space, which could be good for shareholders. Can the stock recover after a lackluster 2022?
Equity Crowdfunding Spotlight: Active Safety System Technologies Inc
Briefly describe your business. EPR-Technologies Inc. is a biomedical spinoff of the Safar Center for Resuscitation Research, University of Pittsburgh, and is committed to the preservation of human life through rapid profound hypothermia by introducing patented products.
What are the terms of the investment for your campaign? We are raising up to $464,000 preferred stock in EPR-Technologies Inc, based on a valuation of $65.1 million, with 25% bonus shares for the first 7 days. See StartEngine.com/epr-technologies for details.
What makes your startup special? We are advancing emergency technology medicine to save lives. EPR-Technologies' game-changing technologies boost an $18 billion market of which we are poised to capture the lion's share. It also will be able to save so many lives.
Trends to Watch
Basically Like a Ban: Binance Will Convert Users’ USDC Into Its Own Stablecoin (Bloomberg)
Oil the Problems in the World: OPEC+ agrees small oil production cut (Reuters)
Liquidity Issues: Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service (CoinDesk)
Intentions Are Clear: Volkswagen triggers landmark Porsche IPO plan, defying market doubts (CNBC)
Steady Income: The Best Ways to Jump Into Dividend Stocks (The Wall Street Journal)
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