Net Stocks Gain A Little Back From Rate Fears
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Volatile is as volatile does, to borrow a line from the classic film Forrest Gump. On the plus side of swings today's ISDEX jumps 2.6% to 579 while the Dow get s slight haircut and the NASDAQ pops slightly as rate rising fears ease somewhat. The snapshot:
Relatedly, finance software maker Intuit likes what it sees and invests $50 million, or $51.50 per share, for 2.5% of SONE. Deal swirl which makes sense in this unabridged sector. At $637 million market cap for SONE I don't know why Intuit stopped at 2.5%. To me Security First has taken a big step and raised its profile and leverage.
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