Jan. 31, 2022

This paid piece is sponsored by MarketBeat.

Sioux Falls-based MarketBeat is a one-stop resource that brings together fundamental and technical analysis so investors have a single resource to get timely information on news that affects the stocks in their portfolio or watchlist. MarketBeat is partnering with SiouxFalls.Business to provide a monthly overview of stocks of local interest. Here’s a recap of what has been moving these stocks in the past 30 days.

Meta Financial Group (NASDAQ: CASH) – The South Dakota-based financial holding company delivered a strong earnings report for its fiscal 2022 first quarter Jan. 26. Earnings per share of 78 cents beat analysts’ estimates by 10 cents. Revenue of $158.2 million also exceeded expectations by $44.75 million. This was the banking-as-a-service company’s first earnings report since welcoming a new CEO.

SAB Biotherapeutics (NASDAQ: SABS) – On Dec. 16, 2021, the Sioux Falls-based biotech company got bullish news that its COVID-19 therapeutic candidate, SAB-185, retained neutralization activity against the omicron variant in an in vitro pseudovirus model. On Jan. 24, it reported that SAB-185 had  met the criteria required for advancement to Phase 3 in its clinical trial, with more than 50 percent enrollment already and results expected later this year.

First Interstate BancSystem (NASDAQ: FIBK) – First Interstate BancSystem has received final approval to merge with Sioux Falls-based Great Western Bancorp. The combined holding company will operate under the First Interstate name and brand with the combined company’s headquarters remaining in Billings, Montana. The merger is expected to be completed on or around Feb. 1. The overall organization will become a network of more than 300 branches across 14 states with assets totaling over $32 billion.

Wells Fargo (NYSE: WFC) – Wells Fargo helped kick off earnings season by delivering a double beat when it reported earnings Jan. 14. The report only continues to build momentum for the bank that had a strong end to 2021, citing lower loan charge-offs and effective cost-cutting measures.

NorthWestern Energy (NASDAQ: NWE) – The electric and natural gas utility provider recently added South Dakota to its service area. The company services 68,900 electric customers and 48,000 natural gas customers. Interested investors should note that the company is scheduled to deliver its quarterly earnings report in February.

CNH Industrial (NYSE: CNHI) – CNH Industrial, now owner of Sioux Falls-based Raven Industries, was named a “Green Master” by the Wisconsin Sustainable Business Council for the eighth consecutive year. This positions the company nicely as industrial stocks have been garnering attention with the passage of the Biden administration’s infrastructure bill.

Citigroup (NYSE:C) – Citigroup stock is holding up reasonably well after the company delivered an earnings report that saw a sharp miss in earnings per share. Investors also couldn’t have been happy that among the big banks, Citigroup was the only one that did not increase its dividend. Perhaps some of the sting of that announcement is being soothed by the announcement that the company was going to resume its share buyback program in the current quarter.

McDonald’s (NYSE:MCD) – McDonald’s made news with the announcement that it would expand the U.S. test of its plant-based burger to approximately 600 locations. The company is partnering with Beyond Meat (NASDAQ:BYND) on the McPlant burger.

Walmart (NYSE:WMT) – On Jan. 27, Walmart launched its “Time Well Spent” initiative at its Springdale, Arkansas, store. The initiative introduces a number of interactive elements designed to allow consumers to touch, feel and try items. The company has plans to roll out “Time Well Spent” to other stores as a continuation of the redesign that took place at over 1,000 Walmart locations in 2021.

Target (NYSE:TGT) – Much of the nation is still dealing with bottlenecks from the supply chain disruption. However, after the holidays, Target has used it as a way to demonstrate its agile supply chain, which includes 24/7 operations and a coast-to-coast port system that is ensuring favorite items will remain on store shelves.

Macy’s (NYSE:M) – In February, as part of Black History Month, Macy’s will launch a give-back campaign with the United Negro College Fund. The campaign aims to raise funds for scholarships at historically Black colleges and universities. The retailer also will spotlight up-and-coming Black-owned retail brands as part of its commitment to intensify the growth and advancement of diverse businesses.

Amazon (NASDAQ:AMZN) – In late December, Amazon announced plans to hire over 2,500 workers at its Phoenix and Austin Tech Hubs. This is part of a planned multi-city expansion across the country and company.

Costco (NASDAQ:COST) – Despite increasing its membership fees in 2021, Costco is still proving that it can retain subscribers. And the warehouse club also continues to expand its footprint, including a recent announcement that it will open its first location in Maine. After the company’s earnings report in December 2021, the stock recently hit its all-time high.

Ford Motor (NYSE: F) – Investors in Ford stock are finding out that the company’s partnership with electric vehicle automaker Rivian (NASDAQ: RIVN) is a double-edged sword. However, that doesn’t take away from the fact that the company is seeing year-over-year orders for new vehicles increase in both the United States and China. The automaker also recently announced it would partner with Stripe to revamp the company’s e-commerce payment infrastructure.

General Motors (NYSE: GM) – The big news for General Motors is Blink Charging (NASDAQ: BLNK) plans to deploy its electric vehicle chargers at GM dealerships in the U.S. and Canada. However, the news hasn’t done much to change the fortunes of GM stock, which is down 14 percent in the five trading days ending Jan. 21.

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