Zombie Companies and Electric Cars

A Zombie company refers to those barely alive companies that may be highly leveraged and/or unprofitable. They may not have earnings to pay their debts, so they walk among us waiting for lightning to strike.

In headlines this week, Hertz car rental company, an organization that recently emerged from bankruptcy, agreed to purchase 100,000 Tesla electric vehicles. This move will give Hertz one of the largest fleets of EVs and position them in an emerging mobility ecosystem. Tesla's stock price powered up on the news, showing once again that markets are forward-looking.

Trick or treat! It is corporate earnings season, and with 42% of S&P companies reporting to date, we check in on results.

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