Today is Monday, January 10, 2022.
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Real Estate Investor Outlook 2022
The prices of multifamily commercial real estate will drive up in 2022, Red Knight Properties’ Co-founder & Managing Principal Anthony Scandariato says in a new episode of The Early Bird Podcast.
Last Year: Transaction volume was high in 2021 due to lower interest rates, but now there might be a buying spree in multifamily commercial real estate, Scandariato says.
This Year: Despite the current supply and demand problem in real estate, Scandariato expects a healthy market in 2022. However, it really depends on the Federal Reserve and interest rates.
Benefits: Real estate offers numerous benefits for investors. It is a hedge against inflation, easy to understand, and has some tax advantages.
Final Thoughts: What are some of Scandariato’s concerns for the real estate market in 2022? Find out by listening to a new episode of the Early Bird Podcast.
Notable Earnings Today: Tilray (Nasdaq: TLRY), Accolade (Nasdaq: ACCD), AZZ (NYSE: AZZ), Commercial Metals (NYSE: CMC), VOXX International (Nasdaq: VOXX), Limoneira (Nasdaq: LMNR).
Notable IPOs Today: InFinT Acquisition Corporation (NYSE: IFIN), Infinite Acquisition Corp. (NYSE: NFNT), bleuacacia ltd Class A Ordinary Shares (Nasdaq: BLEU), Financial Strategies Acquisition Corp. Class A Common Stock (Nasdaq: FXCO), FTAC Zeus Acquisition Corp. Class A Common Stock (Nasdaq: ZING), Crescera Capital Acquisition Corp Class A Ordinary Shares (Nasdaq: CREC), ALSP Orchid Acquisition Corporation I Class A Ordinary Share (Nasdaq: ALOR), Energem Corp Class A Ordinary Shares (Nasdaq: ENCP), Cerberus Cyber Sentinel Corporation Common Stock (Nasdaq: CISO).
Notable Equity Crowdfunding Campaigns Ending Today: Orbital Assembly Corporation (NetCapital), Bar at 66 Greenpoint (MainVest), Aussie Soles Global (Wefunder), Yahyn (NetCapital), Safo Hair (Wefunder), Helix Fitness (StartEngine).
Notable Economic Events Today: Wholesale inventories (10:00 a.m. ET).
GM Acknowledges California Emissions Jurisdiction
In a letter sent to Governor Gavin Newsom on Sunday, General Motors (NYSE: GM) said that it will recognize California’s authority to set vehicle emission standards, according to the Detroit Free Press.
History: Newsom announced a few years ago that California would not buy GM vehicles for government fleets because the car manufacturer favored former President Trump’s opposition to California’s emissions rules.
Details: The recognition will now allow GM to be eligible for government fleet purchases in California.
Background: GM is trying to compete with the other electric vehicle manufacturers, with a plan to have an all-electric lineup by 2035.
Final Thoughts: Keep an eye on GM’s stock on Monday, which is already up 38% in the past year.
Should Investors Consider Lemonade?
Down 79% in the past year, should investors consider insurance tech company Lemonade (NYSE: LMND)?
The Good: Looking at the most recent financial results, Lemonade’s customer base is up 45% this year. Its recent deal to acquire car insurance company Metromile (NASDAQ: MILE) could prove to be positive.
The Bad: Despite positive growth, Lemonade is still losing money and is not profitable.
Downgrade: Last week, a Barclays analyst downgraded Lemonade to equal weight.
Final Thoughts: For investors to buy Lemonade’s dip, they have to be really bullish on the company's future.
Trends to Watch
Earnings Season is Here: Big banks are booming. Now here come earnings (CNN)
Trouble: Chairman of one of China's top life insurance companies is under anti-corruption probe (Seeking Alpha)
Hopeful: Bitcoin Snaps 6-Day Losing Streak, Holds Above $40K (CoinDesk)
Dropping: Bond Selloff Rattles Markets (The Wall Street Journal)
Sign of the Times: Virgin Australia to cut capacity by 25% as COVID-19 cases rise (Reuters)
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