Americans feel a bit confident now about the labor market and the overall economic environment. Michaels (MIK), Rite Aid (RAD), DICK'S Sporting (DKS), Target (TGT) and Lowe's (LOW) will be a great addition to your portfolio.
(IAC) has raised an additional $300 million in primary equity for its video software company Vimeo, the company said in an announcement Monday afternoon. IAC (ticker: IAC) expects to spin out Vimeo as a public company early in the second quarter of 2021. IAC said the new investment comes in two tranches, $200 million at a $5.2 billion pre-money valuation and $100 million at a $5.7 billion pre-money valuation.
Rite Aid (NYSE: RAD) is further expanding its no-charge COVID-19 testing capabilities with 60 additional drive-through locations opening on Friday, January 22, through its partnership with the U.S. Department of Health and Human Services (HHS).