Weekly Digest 4/22/22
Happy Friday, April 22!
Hope you all had a great Week 4. Please find below our SWS-curated round-up of interesting articles, resources, information, and opportunities related to real world finance that may be useful to you!
Netflix Inc. shares fell 35.1% on Wednesday, recording their worst day since 2004. This occurred after they recorded a substantial loss in subscribers in the first quarter. Check out this Wall Street Journal article to learn more about Netflix’s current financials.
The dollar is reaching two-year highs, lifted by interest-rate increases by the Federal Reserve. Read this article to learn more about how the dollar is reaching levels hit during pandemic market panic of March 2020 when investors worldwide piled into the currency.
The U.S. economy is growing moderately as Covid cases decline and high inflation ripples through the economy. This article goes more into depth on the uncertain outlook for future growth due to geopolitical developments in Ukraine and rising prices.
U.S. stocks closed lower on Monday as treasury yields kept rising. The yield on the 10-year Treasury note reached 2.861%, its highest closing level since December 2018. Check out this article to read more about the surprising route of Treasurys given yields have already climbed to levels that are attractive for long-term investors.
Blackstone made a huge $12.8 billion acquisition, one of the largest of this quarter. The investment management firm acquired student-housing owner American Campus Communities. The deal strongly bets on rents continuing to rise as more college students return to campus. It is their first acquisition in the sector. Read more here.
Enjoy the weekend!
Cheers,
The SWS Investment Committee