Here they are, sorted by how much the stocks have returned this year through Nov. 18:
|COMPANY||TOTAL RETURN — 2020 THROUGH NOV. 19|
|SunRun Inc. RUN, -1.79%||311%|
|Etsy Inc. ETSY, +10.65%||187%|
|Penn National Gaming Inc. PENN, +1.25%||163%|
|Boston Beer Co. Class A SAM, -0.19%||143%|
|Nvidia Corp. NVDA, +0.20%||129%|
|Green Dot Corp. Class A GDOT, -1.65%||124%|
|Generac Holdings Inc. GNRC, +2.25%||111%|
Under the terms of the definitive merger agreement, which was unanimously approved by the Boards of Directors of both companies, CIT stockholders will receive 0.0620 shares of First Citizens class A common stock for each share of CIT common stock they own. First Citizens stockholders will own approximately 61% and CIT stockholders will own approximately 39% of the combined company.
The combined company will operate under the First Citizens name and will trade under the First Citizens ticker symbol FCNCA on the Nasdaq stock market. The combined company will be headquartered in Raleigh, N.C., and will maintain significant operation centers in New York, Pasadena, Omaha, Phoenix, Jacksonville, Fla., New Jersey and Columbia, S.C., among other locations.
Right Answer ~ Wrong Question
If you’re wondering what ultra-low or even negative interest rates will do to the financial markets, you are not alone. Warren Buffett is wondering too.
When I asked Warren Buffett specifically what are the actual implications of negative rates, he went positively Yoda on me. “I would say that’s the most important question in the world,” said the Oracle of Omaha. “And I don’t know the answer. Now, if we knew the answer, it wouldn’t be the most important question.”
Exploiting the Virus
Google (GOOG +5.9%) is helping to develop a website where people can find drive-through testing sites if they have symptoms, according to Dr. Deborah Birx, White House Coronavirus Response Coordinator. The website will be online starting Sunday evening, Trump said.
Walmart (WMT +6.7%), CVS (CVS +8.6%), Walgreens (WBA +9.2%), Target (TGT +9.7%), Roche Diagnostics (OTCQX:RHHBY), LabCorp (LH +8.6%), Quest Diagnostics (DGX) and Becton Dickinson (BDX +6.2%) are among companies working with the government.