Our Commentary
December 2020: San Diego Based Petco Files IPO
Petco Health and Wellness filed an initial public offering (IPO) with the SEC last week to be publicly on the Nasdaq with the ticker “WOOF.” The COVID-19 pandemic has contributed to a rise in pet ownership and spending, with Petco working hard to create multichannel approach and digital adaptations, but the company still struggles to remain profitable.
HP Inc. Reports Fiscal 2020 and Fourth Quarter Results
After hours HP stocked 9% based on the earnings report.
Qualcomm Announces Q4 2020 Earnings
Steve Mollenkopf, CEO of Qualcomm Incorporated states that “Our fiscal fourth quarter results demonstrate that our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses,”