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Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats in 2017, a leading producer of sterndrive boats in the US in the 24-foot to 29-foot segment, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu’s target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.

EVgo owns and operates a public direct current fast-charging network in the US. Its network of charging stations provides electric vehicle charging infrastructure to consumers and businesses. The network is capable of charging all EV models and meets all charging standards currently available in the US. EVgo partners with national and regional chains of grocery stores, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments and independent property owners in order to locate and deploy its EV charging infrastructure.

Founded in 2005, Etsy is a global marketplace for creative goods. It went public in April 2015 and became a constituent of the S&P 500 in 2020. Etsy is a 'two-sided marketplace' that connects sellers of more than 50 merchandise categories with millions of buyers under the motto: 'keep commerce human.' Headquartered in Brooklyn, New York, Etsy is one of the top-ranked U.S. e-commerce sites by monthly visits and has about 2500 employees. The company's key markets include the U.S., the United Kingdom, Germany, Canada, Australia, France, and India. In 2023, 45% of the company's GMS was generated when either the buyer, seller, or both were outside the U.S. As of December 31, 2023, the company had 9.0 million active sellers, and 97 million active buyers. Etsy's top six product categories in 2023 represented approximately $10 billion, or 87% of 2023 Gross merchandise sales.

Volume is light but it's not a quiet day. At midday, the Nasdaq is up 0.5%. The June Jobs report is the news driver today. The data confirms that the U.S. labor market is starting to slow. Nonfarm payrolls came in stronger than expected showing 206,000 new jobs but at a slower pace than the month before. Significantly, the unemployment rate edged up to 4.1%, its highest rate in almost three years and in-line with our Argus forecast. The Fed has said that this is the rate it was looking for. The other big news item today is that the U.K. has a change in leadership. Prime Minister Keir Starmer from the Labour Party has already assumed office following a landslide win over the beleaguered Conservative Party.