– IHG reported a $153 million operating loss for 2020, hurt by the Covid-19 pandemic and resulting lockdowns. However, the company said its Holiday Inn Express brand outperformed in key markets and that global travel is beginning to recover. Shares rose 1.2% premarket. – J&J is setting aside $3.9 billion in connection with talc-related litigation, according to an SEC filing. In November, the company said it would set aside $2.
Shopify plans to use the proceeds to strengthen its balance sheet. Shares fell 5.5% in premarket action. – The cruise line operator's shares fell 3.4% premarket after it priced an offering of about 40.45 million common shares at $25.10 per share, with the cruise line operator seeking to raise about $1 billion to be used for general corporate purposes. The cruise industry has been shut down during the pandemic.
Platt insiders selling like crazy
I'm long $HD always and forever. It's always always packed. There's always some regional disaster to recover from. Housing market is booming. Go long $HD !