Online Survey Company, SurveyMonkey, Registers for IPO

SurveyMonkey, a U.S. online survey company, announced its confidential registration for an initial public offering (IPO) with the Securities and Exchange Commission. The company has not determined the number of shares offered or the price range or the proposed offerings. Sources reported that the survey company had hired JPMorgan Chase, an investment bank, to help with the preparations for an IPO last month. Alphabet’s CapitalG and Tiger Global Management are investors in the company.

SurveyMonkey is based in San Mateo, CA and has nearly 3 million daily users. The company was formerly run by Dave Goldberg, who is the late husband of Sheryl Sandberg, the Chief Operating Officer of Facebook.

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SurveyMonkey confidentially files for IPO

U.S. online survey company SurveyMonkey said it had confidentially registered for an initial public offering with the Securities and Exchange Commission…

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The Fed Raises Interest Rates As Expected

No shocker for the markets here as The Fed raised interest rates for the seventh time since the financial crisis. The new target range for interest rates increased by .25% to a new range if 1.75%-2%. This is the highest it has been since September of 2008.

All eight of the voting members of the FOMC voted in favor of this decision. The Federal Reserve has stated that in raising the benchmark interest rate, the economy is growing at a “solid” rate and improvement from the May characterization of an economy that is growing at a “moderate” rate. The Fed also cited that there has been a “strong” gain in jobs in recent months, and its data suggests that household spending has increased and fixed investments of businesses are continuing strong growth.

The change in language from the Federal Reserves May report to June report suggests that the Fed officials see monetary policy nearing its neutral rate setting, that is the rate of interest at which the economy experiences full employment and price stability, or 2% inflation.

In its most recent summary of economic projections, the Fed’s outlook for growth and inflation for this year has been raised, and the expectations for unemployment rate have decreased.

Taking a look at employment rates, the Fed officials lowered the median expectation rate for unemployment for the year from 3.8% to 3.6% in March. The rate has also been lowered from 2019 to 2020 from 3.6% to 3.5%.

The Fed now forecasts an economic growth of 2.8% in 2018, raising previous year predictions by 0.07%. The expected growth rate of the U.S. economy for 2019 is 2.4% and 2% for 2020.

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Fed hikes rates, signals two more for 2018

The Fed hiked rates and updated its forecasts…

finance.yahoo.com

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McDonald’s First Quarter Financial Results Announced

McDonald’s Corporation (MCD) is the leading global food service retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent business men and women.

The company reported its quarter one earnings of $1.72 per share on April 30, 2018. The reported earnings beat the estimates that called for $1.706 per share.

McDonald’s President and Chief Executive Officer Steve Easterbrook stated, “We continued to build upon the broad-based momentum of our business, marking 11 consecutive quarters of positive comparable sales and our fifth consecutive quarter of positive guest counts. More customers are recognising that we are becoming a better McDonald’s, appreciating our great tasting food, fast and friendly service and compelling value as we execute our Velocity Growth Plan.”

McDonald’s saw its global comparable sales increase 5.5%, but its consolidated revenues decreased 9% because of the impact of the company’s strategic re-franchising initiative. The consolidated operating income increased 5% because of growth in franchised market dollars, also a product of the strategic re-franchising initiative.

To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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McDonald’s Reports First Quarter 2018 Results | McDonald’s Corporation

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Microsoft to Purchase Leading Software Development Platform GitHub

Microsoft Corp. (MSFT) will acquire the world’s leading software development platform GitHub for $7.5B in Microsoft stock. . The platform is used by over 28 million developers to learn, share and collaborate ideas for future software development. With the purchase of GitHub, the two companies will work to increase the enterprises of the software development platform, as well as bring tools and services to new audiences.

GitHub will operate independently and continue its developer-first mentality. Developers will still be able to take advantage of the programming languages, tools and operating systems of their choice for projects, as well as use their code for any operating system, cloud, and device.

Nat Friedman, the Microsoft Corporate Vice President, will take over the role of CEO for GitHub. The current CEO of GitHub, Chris Wanstrath will work as a Microsoft technical fellow on strategic software initiatives. The purchase is expected to close at the end of 2018.

Chris Wanstrath, current CEO of GitHub stated, “I’m extremely proud of what GitHub and our community have accomplished over the past decade, and I can’t wait to see what lies ahead. The future of software development is bright, and I’m thrilled to be joining forces with Microsoft to help make it a reality. Their focus on developers lines up perfectly with our own, and their scale, tools and global cloud will play a huge role in making GitHub even more valuable for developers everywhere.

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Microsoft to acquire GitHub for $7.5 billion

Acquisition will empower developers, accelerate GitHub’s growth and advance Microsoft services with new audiences. REDMOND, Wash., June 4, 2018 /PRNewswire/ — Microsoft Corp. on Monday announced it has reached an agreement to acquire GitHub, the world’s leading software development platform..

finance.yahoo.com

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Read “Summer Moves” Vista Partners Weekly Market Update 6-2-18

Vista Partners has published “Summer Moves” Vista Partners Weekly Market Update 6-2-18 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & Now “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Bayer to Divest $9B in Ag Business Assets Before Purchase of Monsanto

Claimed by the U.S. Justice Department as the biggest divestiture ever, Bayer Ag, the German pharmaceutical giant, has come to an agreement with the United States government to sell almost $9B billion in agriculture businesses as the condition to the acquirement of Monsanto Co., a United States-based seed and weed-killer maker.

Bayer has been directed to divest its vegetable oil and seed and seed treatments in order to prevent price spikes and be sure that fair competition continues after the huge agriculture business deal completes. The assets are to be sold to BASF, which is a German chemical company.

It is believed that if there were no sale of the Bayer assets, combining the two largest agricultural companies in the world would more than likely result in lower quality seed and crop-protection products, as well as increased prices. It also would have the potential to hinder agricultural technology innovation.

With Bayer’s purchase of Monsanto comes the fear of the shrinking number of players in the seed selling and pesticide business.

The divestiture of assets proposal will be filed in federal court and then opened for public comment for 60 days.

For a more complete breakdown of the agreement click here.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Bayer selling $9B in ag business ahead of Monsanto merger

German pharmaceutical giant Bayer AG has agreed to the U.S. government’s demand that it sell about $9 billion in agriculture businesses as the condition for acquiring Monsanto Co., a U.S. seed and weed-killer maker. Antitrust regulators at the Justice Department say it’s the biggest divestiture..

finance.yahoo.com

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“Kicking Off Summer” Vista Partners FREE Weekly Market Update 5-26-18

Vista Partners has published “Kicking Off Summer” Vista Partners FREE Weekly Market Update 5-26-18 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & Now “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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“Little Russell Rules The Week” Vista Partners Weekly Market Update 5-19-18

Vista Partners has published “Little Russell Rules The Week” Vista Partners Weekly Market Update 5-19-18 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & Now “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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The Home Depot’s Q1 Earnings Report & Review

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

The Home Depot reported its Q1 earnings of $2.08 on May 15, 2018, missing the estimates of $2.10 per share. Despite missing estimates, the company reported $24.9 billion in sales, up 4.4% from Q1 2017. First quarter comparable sales for 2018 were up 4.2%.

Net earnings were reported at $4.2B. Home Depot expects is fiscal 2018 sales to see a 6.7%  and a 5% growth in comp sales.

We are pleased by the strength of our business despite a slow start to the spring selling season. Outside of our seasonal business, we had solid results in all markets and categories and are seeing strong momentum in all lines of business during these first few weeks of May. These trends, as well as a favorable housing and macroeconomic backdrop, give us confidence to reaffirm our sales and earnings guidance for fiscal 2018. I would like to thank our associates for their hard work and continued dedication to our customers.” – Craig Menear, chairman, CEO and president

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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“On The Rebound?” Vista Partners Weekly Market Update 5-12-18

Vista Partners has published “On The Rebound?” Vista Partners Weekly Market Update 5-12-18 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & Now “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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