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Money & Markets’ What to watch in Wall St.



The week of September 14, 2020: It’s a relatively light week for corporate earnings as the second quarter earnings season ends.

A report of note is for Aspen Group Inc. (Nasdaq: ASPU), which publishes its results on Monday.

We recommended Aspen Group as a purchase on July 6, as the company scored high on the Adam ODells Green Zone rating system.

Well, he didn’t disappoint.

Even with the recent market downturn, Aspen Group, an online education company, has jumped nearly 20% since our recommendation.

The Aspen group has been jumping since July

week of September 14

If you bought, congratulations on your winnings!

Here are a few other things investors will be looking at on Wall Street next week, the week of September 14:

On the IPO front

There are a few Initial Public Offerings (IPOs) slated for this week.

One will be JFrog Ltd., which will trade on the Nasdaq with the ticker symbol FROG.

It’s a software company that focuses on what it calls liquid software.

No, not real liquid software but constantly updated software. JFrog uses its management platform to help software developers release software faster and more securely.

According to the company, it has nearly 5,800 organizations, including those of the Fortune 500:

  • All top 10 tech organizations (Facebook, Google, Amazon Web Services and more).
  • Eight of the top 10 financial services organizations.
  • Nine of the 10 largest retail companies.
  • Eight of the top 10 healthcare organizations.
  • Seven of the nine major telecommunications organizations.

The company’s headquarters are in Israel and its US offices are in Sunnyvale, California.

Its revenue was $ 69.3 million for the six months ending June 30, 2020, up about 50% for the year.

The company plans to sell 11.6 million shares with a target price of between $ 33 and $ 37 per share. He hopes to raise around $ 492 million with the IPO.

This IPO is scheduled to launch on September 16.

Another big IPO slated for this day is for the data cloud warehouse company Snowflake. It will trade on the New York Stock Exchange under the symbol SNOW.

The company recently announced that its year-over-year revenue increased 133% for the first six months of 2020 to $ 242 million.

Additionally, Warren Buffetts Berkshire Hathaway Inc. (NYSE: BRK.B) and Salesforce (NYSE: CRM) each has committed to purchase $ 250 million of Class A shares of the company.

Snowflake plans to offer 28 million shares at a price range of between $ 75 and $ 85 in the hopes of raising $ 2.24 billion.

Money and Markets Week ahead: data dump

On Tuesday, the Federal Reserve Bank of New York will release its Empire State Index for September.

The Federal Reserve conducts this monthly survey of New York manufacturers. It is considered a precursor of the overall activity of manufacturers nationwide.

In August, the general business conditions index fell 14 points against 3.7, which indicates a slower growth rate than in July.

Industry optimism waned for the second month in a row.

On Wednesday, the US Census Bureau will release the August 2020 monthly retail report.

This report provides data on retail and food sales in the United States

In July, the report indicated a 1.2% increase compared to the previous month and 2.7% from July 2019. However, the total sales from May 2020 to July 2020 were down 0.2%.

Federal Reserve Chairman Jerome Powell will also hold a press conference on Wednesday afternoon.

The Ministry of Labor will publish its weekly unemployment figures on Thursday.

Income Reports

To complete the Money and Markets Week ahead, here’s a look at some of the key expected results reports for the week of September 14:


Aspen Group Inc. (Nasdaq: ASPU)

Lennar Corp. (NYSE: LEN)


Cracker Barrel Old Country Store Inc. (Nasdaq: CBRL)

FedEx Corp. (NYSE: FDX)


Herman Miller Inc. (Nasdaq: MLHR)


Apogee Enterprises Inc. (Nasdaq: APOG)


No report on planned income.

It’s all for this week.

Till next time

Secure trading,


Matt clark

Research analyst, Money and Markets

Matt Clark is the research analyst for Money and Markets. He’s the host of our podcast, The bull and the bear, as good as Marijuana Market Update. Before joining the team, he spent 25 years as an investigative reporter and editor covering everything from politics to business.

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