bar, local, ireland-209148.jpg

Today in the Market (9/14/2023)

Good Evening! On Thursday, there was a notable increase in U.S. stock prices. The surge occurred after investors analyzed retail sales and wholesale price inflation statistics, which exceeded expectations.

All three indexes finished up for the day up around the same amount with the Nasdaq Composite increasing by 0.81%, the S&P 500 rising by 0.84%, and the Dow Jones up by 0.96%.

STILL ON TRACK!

Nikola (NKLA) saw a significant increase on Thursday after the company’s Chief Executive Officer conducted a forum to discuss important aspects of the business and participated in a Q&A session.

Why was this important? One month ago, Steve Girsky assumed the position of CEO at Nikola and has since been tasked with addressing a number of concerns. These include a significant recall of the company’s battery-electric vehicles, as well as inquiries over its forthcoming hydrogen-powered trucks and the necessary infrastructure to support their expansion.

But why the surge? Investors are likely responding today because Nikola is still progressing as planned in its endeavors to begin the delivery of hydrogen fuel cell trucks even after the June recall of battery-electric trucks. With optimistic expectations, the business has started the mass manufacturing of the Class 8 semi-trucks. The company has plans to begin client deliveries in the near future. 

So far… the company has received orders for over 200 hydrogen fuel cell trucks and has the capability to manufacture 2,400 trucks on an annual basis

UNHAPPY HOUR

bar, local, ireland-209148.jpg

Stonegate Group, the biggest pub company in Britain, has just made public its decision to implement “surge pricing” at 800 of its locations throughout the United Kindom

Here are the details. According to a recent story by the Telegraph, the pubs will display signs with a “Polite Notice” to inform customers of the heightened expenses during periods of high demand. The reason? Stonegate noted that the price hikes (which may reach an extra 20 pence or $0.23 USD for a pint of beer) are to counterbalance the increased expenses associated with staff and licensing regulations.

Are customers happy about it? Well… The consumer advocacy organization Campaign for Real Ale has criticized the strategy, which referred to it as an “unhappy hour surge.” The group expressed concerns that this policy may discourage consumers who depend on pubs as a cost-effective socializing environment. As one might expect, several other bar owners took advantage of Stonegate’s negative public relations by declaring that they would maintain their current pricing.

Scroll to Top

Where Are You On Your Investment Journey?

Rise

Run

Relax

All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.

 

Contact Us

Name
Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Name
Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?