Public Company Equities Week of September 7-11
For the week of September 7-11, the Georgia public firms index dropped -0.9% this week in price. The index is down -2.9% YTD.
For the week of September 7-11, the Georgia public firms index dropped -0.9% this week in price. The index is down -2.9% YTD.
We track daily real estate data including vacancy rates and asking rents per square foot compared to previous year for both the office and retail spaces in the Atlanta Metro Area. We also compare vacancies % increase from last year. When it there is volatility in the daily information we smooth this data by using weekly average instead.
Listen to how Georgia Tech’s Mental Health Service Divisions in Student Life have effectively supported the local student population in addressing mental and physical well-being concerns during COVID-19, and how they intend to introduce hybrid in-person and virtual counseling services post-COVID.
Listen to the Second Quarter (Q2) Earning calls from some of Georgia’s major public firms – The Coca-Cola Company, The Home Depot, UPS, NCR, and Equifax – and how they aim to address industry impacts from COVID-19. Additionally, leaders in these industries discuss their Q2 performance measures and address how new business models and strategies will lead to future success.
Labor Day weekend was a huge weekend for fine dining restaurants, with Sunday reporting a massive influx of restaurant reservations. The national average jumped up to only being -14% below normal traffic, while GA specifically reported 4% over last year. The weekly average for the country climbed 6.8% last week, while Georgia’s weekly average climbed 7.5%.
A new milestone has been hit this week for passenger throughput this week. The Friday of Labor Day weekend saw the first time TSA traffic had exceed 950,000 passengers since March. 968,673 travelers flew Friday, with a similarly large number on return flights on Monday at 935,308. The daily average for last week was 749,891, also a record. Labor Day is the last major travel holiday until Thanksgiving, and as the summer comes to a close, expect the daily average to decrease.
Total preliminary initial unemployment claims were down 2% from the previous week. The industry with the largest upticks in new claims was Arts, Entertainment, and Recreation, seeing a 29% increase in new claims, while the Real Estate and Rental and Leasing industry saw a 50% decrease in new weekly initial claims since last week.
For the week of August 31 – September 4, the index comprising 30 bonds was up 2.1% Year-to-Date, staying stagnant since last week with no change YTD.
For the week of August 31 – September 4, the Georgia public firms index dropped 1.7% this week in price. The index is down -1.9% YTD.
Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.
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