The Daily Breakout
A mixed bag:
CELH: Celsius, an energy drink company, is on the rise as momentum has continued to build since its earnings gap up in May.
CPRT: Can’t afford a new Ferrari? Copart has you covered with a gently used one!
PANW: After taking a brief breather earlier this week, Palo Alto Networks is right back at all time highs.
REITs:
Interest-only loans as a share of new commercial mortgage-backed securities issuance increased to 88% in 2021, up from 51% in 2013. Many banks have severely cut down on issuing new loans for office buildings.
Meanwhile there’s ~$450 Bn coming due in CRE debt this year and for the next several years in a row... Regional banks originated 70% of this debt.
