MarketBeat June market recap

July 4, 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, now Pathward, (NASDAQ:CASH) – Meta Financial, now Pathward, issued a quarterly dividend of 5 cents per share July 1. The company will announce its third quarter earnings July 27.

SAB Biotherapeutics (NASDAQ:SABS) – On June 6, SAB Biotherapeutics announced the appointment of  Dr. Alexandra Kroptova as the company’s chief medical officer. The company’s chief operations officer, Christopher Bausch, also presented at the Large Annual Genetic Engineering Summit.

First Interstate BancSystem (NASDAQ:FIBK) – First Interstate BancSystem announced the appointments of two executive positions. Gary Lorenz is the new chief specialty banking officer, and Kristina Robbins was promoted to senior vice president, chief operations officer. The company reports second quarter earnings July 26.

Wells Fargo (NYSE:WFC) – On June 1, Wells Fargo issued a quarterly dividend of 25 cents per share to shareholders of record before the ex-dividend date of May 5. The bank will report its second quarter earnings  July 15.

NorthWestern Energy (NASDAQ:NWE) – NorthWestern Energy offers a high-yield dividend and services a regional area – South Dakota, Nebraska and Montana – that is attracting many millennials. The company is expected to report its second quarter earnings in late July.

CNH Industrial (NYSE:CNHI) – On June 30, CNH Industrial received a 2022 Manufacturing Leadership Award. The award is given to companies that demonstrate outstanding achievement in the sustainability leadership category. This is the third consecutive year that the company has earned recognition from the Manufacturing Leadership Council.

Citigroup (NYSE:C) – Citigroup was among a group of banks that passed the Federal Reserve Board’s “stress test.” Investors will get more detail when the bank reports earnings July 15.

McDonald’s (NYSE:MCD) – McDonald’s paid a quarterly dividend of $1.38 per share June 20. The company is expected to report its second quarter earnings July 27. In other news, regulators dropped an antitrust probe against McDonald’s in Italy. The probe was investigating alleged abuse of market dominance against its franchisees in the country.

Walmart (NYSE:WMT) – Walmart has entered an agreement to acquire Memomi Labs Inc., an augmented reality optical tech company. This is the company’s latest step in enhancing the digital shopping experience for its customers by allowing eyeglasses to be tried on at home.

Target (NYSE:TGT) – On June 9, Target announced it was increasing its quarterly dividend to $1.08 per share. The next dividend will payout Sept. 10 to shareholders of record before the company’s ex-dividend date of Aug. 16, 2022.

Macy’s (NYSE:M) – On July 1, Macy’s paid a dividend of approximately 15 cents per share to shareholders of record before the company’s ex-dividend date of June 14, 2022.

Amazon (NASDAQ:AMZN) – Amazon announced that its Sioux Falls fulfillment center opening will be delayed. The planned 640,000-square-foot facility is expected to create 1,000 jobs. No launch date has been set at this time, but company officials said it could be delayed into 2023.

Costco (NASDAQ:COST) – Costco will deliver its June sales results July 7. The company reported $18.23 billion of sales in the four weeks ending May 29. This was a 16.9 percent year-over-year increase.

Ford Motor (NYSE:F) – On June 1, Ford Motor paid a quarterly dividend of 10 cents per share. The company plans to announce its second quarter earnings July 27.

General Motors (NYSE:GM) – On June 30, General Motors reached a tentative agreement with 600 GM Subsystems Manufacturing LLC employees to avert a strike at four plants in Michigan. The plants produce some of the company’s most profitable and important vehicles.

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MarketBeat June market recap

From leadership moves to earning updates, here’s a look at news for local stocks of interest in June.

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