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Options Traders Expect Huge Moves in Rite Aid (RAD) Stock
Investors inRite Aid CorporationRAD need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 28, 2019 $6.50 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.What do the Analysts Think?Clearly, options traders are pricing in a big move for Rite Aid shares, but what is the fundamental picture for the company? Currently, Rite Aid is a Zacks Rank #2 (Buy) in Retail - Pharmacies and Drug Stores industry that ranks in the Bottom 12% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from breakeven earnings per share to 2 cents in that period.Given the way analysts feel about Rite Aid right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.Looking to Trade Options?Each week, our very own Dave Bartosiak gives his top options trades. Check out his recent live analysis and options trade for NFLX earnings report completely free. See it here: Bartosiak: Trading Netflix's (NFLX) Earnings with Options or check out the embedded video below for more details:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportRite Aid Corporation (RAD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Chuck Akre Interview – “Three-Legged Stool”, Curiosity, Imagination, and Other Tricks of the Trade
In a newPatrick O’Shaughnessy’sInvest Like The Best episode,a renowned investor,Chuch Akre, shared his wisdom with a wide audience. The founder ofAkre Capital Management, a hedge fund with around $10 billion in asset under management, talked about his investment principles, explaining his famous “three-legged stool” investment approach to publicly traded companies.
At the beginning of the interview, Chuck Akre talked about his “imagination is more important than knowledge” concept explaining that people can be very sharp, very intellectual but that doesn’t mean they will perform well in the world of investing. According to him, knowledge is not the only thing that matters on Wall Street, and adding curiosity and imagination to it may help you track down fantastic investment opportunities. He talked about how curiosity has helped him find some outstanding stocks as it made him research some companies he would probably skip without it. One such example is his investment in Bandag Inc, which ended up being acquired by Bridgestone Corporation in 2007. His son, who is a college professor, also finds the lack of curiosity among his best students, who usually learn only how much is needed for the best grades, very disappointing. Referring to his son, Chuck Akre wanted to emphasize how much curiosity is really important in various spheres of life.
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If you have heard of Chuck Akre, then you have probably heard of his “three-legged stool” concept. In the interview, he explained in detail the idea behind this concept that visually represents the essence of his investment philosophy. He explained that if you observe a three-legged milking stool that was and is used by farmers while milking cows, you can notice that one leg is placed under a different angle than the remaining two. That is the leg that goes under a farmer’s behind and helps the stool adjust to an uneven ground better than a classic four-legged stool. All this makes three-legged stool sturdier and more stable.
To describe his investment approach, Chuch Akre uses this analogy of three-legged stool, as he examines three business components when analyzing a potential stock to invest in. This is howthe first leg represents above average business, the second leg symbolizes integrity,quality, and talent of a company’s management team, andthe third leg stands for a company’s reinvestment opportunities and histories.
He further simplified the first leg by saying that if someone is aiming to have outstanding outcomes, they must own businesses with outstanding returns. That’s why he looks for those companies that have had stronger returns on the owner capital for a longer period of time and tries to conclude how did they achieve that, and whether they have the same perspective in future. Also, as the “second-leg” demands, a company should be managed by competent people who appreciate and see investors as partners. Chuck Akre is known for believing in an old saying “the wolf changes his coat, but not his disposition”, or as he simplifies it “if a guy put his hand in your pocket once, well, he’ll do it again”, this coming from his personal experience. If the “third leg” is there, meaning if a company also has a favorable reinvestment future, that should vouch for its stability and reliability (just like in a real stool), and that kind of company represents a good investment opportunity.
On the other hand, the game is not just about finding a company with outstanding and reliable business, it should also have an affordable price. And, as Chuck Akre points it out, once you invest in a remarkable business, you should master the art of not selling. He said that one of the most challenging things is to stay behind your investment for a long period of time. He acknowledges Akre Capital Management had made mistakes selling companies it shouldn’t have, and also buying some, and says that “every day is a learning day”. There is always something new to learn about the industry. For example, his fund, even though it had noteworthy returns in the last 10 years, it achieved them without holding a single stake in one of the FAANG stocks, just because they “weren’t smart enough to figure them out”.
Chuck Akre further talked about how his business model is distinct from Wall Street.“Our business model is to compound our capital, Wall Street’s business model generically is to create transactions. Logically.”And how does Wall Street builds transactions? Well, according to Chuck Akre, by creating “false expectations” which is his term for earnings estimates. He called this“beat by a penny miss by a penny”syndrome. As it turns out, this syndrome affects the market, making it act illogical, and as a consequence, it sets up good investment opportunities for his fund from time to time.
“The bottom line of every investing is the rate of return. We use that as our key tool for everything.“
Getting back to the “second leg”, when asked to specify the traits of quality managers whose stocks he held for a long time, the first thing Chuck Akre replied was that“they don’t have a screen in the office showing the price of the stock”.According to him, most of the CEO’s measure their success in a firm through stock price rates, which is not quite appropriate. A small number of them is capable to comprehend the importance of compounding economic value per share, which is the thing Akre Capital Management looks for in a good CEO. He also emphasized the importance of smart capital allocation and shared an example of it, talking aboutO'Reilly Automotive, Inc. (NASDAQ:ORLY),a company in which he owns a stake. Namely, back in 2008, O’Reilly acquired CSK Auto Parts, which allowed them to have more exposure, covering more states in the US. 2008 was the year of recession, so the company’s wasn’t able to borrow all the money needed for the acquisition, and ended up having the issued stock. After they paid their small debt, they realized they are not going to be able to make more acquisitions, hence they changed their capital allocation, and started to lever up the company by buying shares. And, according to Chuck Akre, this was a highly intelligent move by the company’s management.
Relating to the above mentioned “art of not selling” Patrick O’Shaughnessy asked famous investor what are the factors that make him consider selling a stock he owns. He responded that they are going to reconsider each investment they have if they notice some kind of deviations in any of “the three legs”. Then again, he repeated that their decision making is imperfect, naming one of the mistakes they made – selling their position inRoss Stores, Inc. (NASDAQ:ROST).
Near the end of the interview, Chuck Akre gave advice to young investors:
“Follow your passion. That’s the most important thing. And, read like crazy. And be curious. About everything.”
In conclusion, he emphasized the importance of understanding pricing power, through this story:“It’s a big holiday weekend. Your wife is having a hundred people to a party in two hours. And the toilets are stopped. You will pay that plumber, whatever he asks, as long as he can get there before the party. That’s pricing power. “
To round up this story, let’s take a peek at Akre Capital Management’s 13F portfolio in order to see which are those stocks that have “three legs” according to the fund’s assessment.
At the end of March 2019, the most valuable position in its portfolio was inAmerican Tower Corporation (NYSE:AMT)worth $1.42 billion on the account of 7.19 million shares. This position comprised 14.94% of its equity portfolio. American Tower Corporation is a Boston, Massachusetts-based provider of wireless and broadcast communication services. Although it is based in North America, this $90.97 billion market cap company has additional offices across the world. Year-to-date, its stock has gained 31.92% and on June 26thit had a closing price of $205.80. In its last financial report for Q1 2019, American Tower disclosed total revenue of $1,813 million and distribution per share of $0.90 up by 4.1% and 20.0%, respectively, in the same quarter of 2018.
The second biggest stake Akre Capital Management held at the end of the first quarter of 2019 was inMastercard Incorporated (NYSE:MA).During the quarter the fund raised its stake in the company by 1% to 5.33 million shares worth $1.25 billion, amassing 13.23% of its portfolio. Mastercard Incorporated is a world-famous American financial services corporation. Over the last 12 months, its stock price went up by 32.96%, closing on June 26that $261.30. Its market cap is of $272.62 billion, and the stock is trading at a price-to-earnings ratio of 43.65. Ten days ago, Bank of America raised its price target on the stock to $267.00 from $255.00 with ‘Neutral’ rating on it. For the first quarter of 2019, Mastercard Incorporated disclosed net revenue of $3.9 billion, up by 9% from the same quarter of 2018, and adjusted diluted EPS of $1.78 compared to adjusted diluted EPS of $1.50 in Q1 2018.
Among Akre Capital Management’s top five holdings at the end of March were alsoMoody's Corporation (NYSE:MCO), Visa Inc. (NYSE:V),andO'Reilly Automotive, Inc. (NASDAQ:ORLY).In Moody’s Corporation, the fund held $1.03 billion worth a position on the account of 5.68 million shares outstanding, in Visa Inc. its stake was worth $763.34 million, counting 4.89 million shares. In the above-discussed company, O’Reilly Automotive, Akre Capital Management had $732.85 million worth a stake, which included 1.89 million O’Reilly’s shares, comprising 7.73% of its 13F portfolio.
Disclosure:None.
This article is originally published atInsider Monkey. |
Here's Why Investors May Find Dunkin' Brands Appetizing Now
Dunkin' Brands Group, Inc.DNKN is poised to grow, given its focus on enhancing the beverage portfolio, strong digital initiatives and aggressive expansion strategies. The company also continues to rely on refranchising to boost earnings. Resultantly, with an impressive share price appreciation, the stock is a profitable investment choice at the moment.
Shares of Dunkin’ Brands have outperformed its industry so far this year. The stock has returned 24.1% compared with the industry’s rally of 22.1%. Moreover, an upward revision in earnings estimates for 2019 reflects analysts’ confidence in the company’s potential. Over the past 60 days, the Zacks Consensus Estimate for earnings in 2019 has moved up 0.7%. Further, the company delivered positive earnings surprise in each of the trailing four quarters, the average beat being 8.9%.
Dunkin’ Brands currently carries a Zacks Rank #2 (Buy) and has a Momentum Score of A. Back-tested results show that stocks that have the combination of Momentum Scores of A or B and a Zacks Rank #1 (Strong Buy) or 2 can handily outperform peers.
Let’s delve deeper into other factors that make this stock a solid pick.
Strong Brand Recognition & Expansion
Dunkin' Brands ranks among well-established global quick-service restaurant brands. As a result, it enjoys enormous customer trust and brand loyalty, making it easier for the company to launch new product lines. Its increased focus on menu innovation, especially on premium products to offer great beverages, is likely to drive growth. Banking on its already established namesake, the company undertook the implementation of a six-part plan to fuel Dunkin’ Brands’ growth in the United States and better position itself as a beverage-led On-the-Go brand.
Moreover, given its growing popularity, it is expanding footprint in the emerging markets of Asia and the Middle East. The company also considers the untapped market of South Africa a great potential, and has inked a franchise agreement to develop more than 250 Dunkin' restaurants and more than 70 Baskin-Robbins shops in here over the coming years. Such expansion strategies should boost its top line.
The company sees Chile, Philippines, Thailand and Germany on the top of its priority list as they are driving positive results. Meanwhile, Dunkin’ is working on the design of its restaurant image and plans to have beta locations in the market later this year. The new design is believed to be transformational from a design, equipment and technology perspective.
Top Line to Gain
The company continues to boost sales through regular product launches. With the demand for coffee expected to grow going forward, Dunkin is continuously adding new coffee beverages to the menu, both in the value and premium offering segments like the Macchiato's line of products and the recent — Cold Brew coffee. In the fourth quarter of 2018, the company introduced an entirely new handcrafted espresso beverage in more than 9,000 Dunkin’ U.S. restaurants.
After the successful addition of cold brew in the beverage portfolio, launch of handcrafted espresso beverage drove incremental sales and traffic, and boosted sales mix by 200 basis points. Moving forward, espresso and other frozen beverages are expected to continue the momentum across the beverage portfolio. The company already introduced ready-to-drink bottled iced coffee and Fruited Iced Teas, Dunkin' Energy Punch powered by Monster Energy, and frozen coffee last year. Recently, it launched Donut Fries and a Dunkin' Run platform — a $2 snacking menu, which helped drive sales.
The company highly focuses on building new restaurant designs. It designed a Next Generation restaurant, involving technology that aims to provide a rich and faster experience, and deliver quality food and beverages. Of late, there are more than 60 new and remodeled NextGen restaurants across the country. Dunkin’ U.S. franchisees expect to open 200-250 net new units of next-gen restaurants annually over the next 3 years. For 2019, the company expects to open units at the lower end of this range.
Dunkin’ Brands is growing in terms of its use of digital technology through DD card, DD mobile app, DD Perks rewards program, On-the-Go ordering and delivery. These initiatives make it more convenient and accessible to customers.
All these strategies are indicative of the company’s expected top-line growth in 2019. The Zacks Consensus Estimate for sales in 2019 is pegged at $1.4 billion, suggesting 3.9% growth from the year-ago reported figure.
Refranchising Strategy Safeguards Earnings
Dunkin' Brands operates on a full-fledged franchise model. We believe refranchising a large chunk of its system reduces the company’s capital requirements and facilitates earnings per share growth. Arguably, earnings growth is of the utmost importance for determining a stock’s potential as surging profit levels often indicate solid prospects (and stock-price gains). Dunkin’ Brands’ earnings per share are expected to grow 3.5% in 2019.
Source: https://www.zacks.com
Other Stocks to Consider
Some other top-ranked stocks from the restaurant space are Brinker EAT, Chipotle CMG and Papa John’s PZZA, each carrying a Zacks Rank #2 at present. You can seethe complete list of today’s Zacks #1 Rank stocks here.
Long-term EPS growth rates for Brinker, Chipotle and Papa John’s are 8.2%, 19.2% and 12.5%, respectively.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportPapa John's International, Inc. (PZZA) : Free Stock Analysis ReportDunkin' Brands Group, Inc. (DNKN) : Free Stock Analysis ReportBrinker International, Inc. (EAT) : Free Stock Analysis ReportChipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Is Lindblad Expeditions Holdings, Inc.'s (NASDAQ:LIND) Balance Sheet A Threat To Its Future?
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Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) is a small-cap stock with a market capitalization of US$791m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. Why is it important? Assessing first and foremost the financial health is essential, since poor capital management may bring about bankruptcies, which occur at a higher rate for small-caps. The following basic checks can help you get a picture of the company's balance sheet strength. However, this is just a partial view of the stock, and I’d encourage you todig deeper yourself into LIND here.
Over the past year, LIND has maintained its debt levels at around US$196m – this includes long-term debt. At this current level of debt, LIND's cash and short-term investments stands at US$70m , ready to be used for running the business. On top of this, LIND has generated US$61m in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 31%, meaning that LIND’s debt is appropriately covered by operating cash.
Looking at LIND’s US$164m in current liabilities, it seems that the business may not have an easy time meeting these commitments with a current assets level of US$136m, leading to a current ratio of 0.83x. The current ratio is calculated by dividing current assets by current liabilities.
LIND is a highly-leveraged company with debt exceeding equity by over 100%. This is somewhat unusual for small-caps companies, since lenders are often hesitant to provide attractive interest rates to less-established businesses. We can check to see whether LIND is able to meet its debt obligations by looking at the net interest coverage ratio. A company generating earnings before interest and tax (EBIT) at least three times its net interest payments is considered financially sound. In LIND's, case, the ratio of 2.29x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as LIND’s low interest coverage already puts the company at higher risk of default.
LIND’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow. But, its low liquidity raises concerns over whether current asset management practices are properly implemented for the small-cap. I admit this is a fairly basic analysis for LIND's financial health. Other important fundamentals need to be considered alongside. You should continue to research Lindblad Expeditions Holdings to get a more holistic view of the stock by looking at:
1. Future Outlook: What are well-informed industry analysts predicting for LIND’s future growth? Take a look at ourfree research report of analyst consensusfor LIND’s outlook.
2. Historical Performance: What has LIND's returns been like over the past? Go into more detail in the past track record analysis and take a look atthe free visual representations of our analysisfor more clarity.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore ourfree list of these great stocks here.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Vivera Pharmaceuticals Launches Non-Profit Initiative, Vivera Cares
Newport Beach, California--(Newsfile Corp. - June 27, 2019) -Vivera Pharmaceuticals, Inc., a pharmaceutical company focused on non-addictive pain management, is pleased to announce the launch ofVivera Cares, a non-profit initiative to help vulnerable community members including those struggling to access non-addictive therapies and medications.
"Putting patients first is a big part of Vivera's purpose and it is our hope that the sentiment of putting people first will be extended to our local and global community throughVivera Cares," said Olivia Karpinski, Co-founder and Director of Vivera. "Our Community, Our Mission, is the mission statement we want to embody by helping community members who need it the most. We have already partnered with the Yale International Clinic to provide medications and surgical procedures to patients in the Dominican Republic and are looking for more ways to help."
Through focusing on opioid cessation and deterrence and developing non-addictive solutions to help manage pain, Vivera hopes to have a positive impact on the opioid crisis.Vivera Careshopes to further that impact by providing access to treatment options and medications for those who otherwise couldn't afford it. This couldn't come at a better time as the misuse of and addiction to opioids is a serious national crisis that is affecting public health as well as social and economic welfare. The numbers are staggering: over 130 people die every day in the United States after overdosing on opioids according to theNational Institute on Drug Abuse.
"There are so many members of our community who are vulnerable and in need of help. The opioid epidemic and economic hardships imposed on people do not discriminate as to who is affected. It impacts veterans suffering from pain and PTSD, patients with mental health conditions, the homeless population, and countless family members who care about the people affected," added Paul Edalat, Founder and Chairman of Vivera. "Many people who want to get treatment aren't in a financial position to do so. Through community outreach and programs to scholarship patients,Vivera Careswants to help."
Vivera is committed to continued research and development involving non-addictive pain management. Vivera believes that now is the time to combat these serious problems affecting patients using safe pain management and opiate cessation and deterrence. Vivera's mission is to put patients first. Through Vivera Cares, Vivera intends to extend the same mission to its local and global community.About Vivera Pharmaceuticals, Inc.Vivera Pharmaceuticals, Inc. is an innovative, science-driven pharmaceutical company focused on opioid deterrence and cessation and non-addictive solutions for pain management.
In addition to its pharmaceutical and medical device products, the company has global exclusivity to license the patented and patent-pending TABMELT™ sublingual drug-delivery system for the pharmaceutical use of cannabinoid compounds.
Vivera Pharmaceuticals is seeking to conduct case studies and clinical trials on CBD in the TABMELT™ drug delivery format with the goal of gaining FDA approval for its products.
The company is vertically integrated with patented technology, manufacturing capabilities and distribution for its products.
For more information, visithttps://viverapharmaceuticals.com.
Investor Relations Inquiries:thinkHEROPatrick Piette, CFA for Vivera Pharmaceuticals, Inc.416-526-9911investorrelations@viverapharma.com
Press Inquiries:thinkHEROKarin Elz, for Vivera Pharmaceuticals, Inc.416-992-9848press@viverapharma.com
To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/45945 |
Booker on opioids: Pharma companies 'should absolutely be held criminally liable'
Sen. Cory Booker (D-NJ) didn’t hold back during the first night of the 2020 Democratic presidential debates, specifically when it came to the role ofBig Pharmain the U.S.opioid crisis.
When asked ifpharmaceutical companiesthat produce opioids should be held accountable for the opioid crisis, Booker did not mention any company by name but answered emphatically.
“They should absolutely be held criminally liable, because they are liable and responsible,” he said.
Booker added that he previously “said I would not take contributions from pharma companies, [would] not take contributions from corporate PACs or pharma executives — because they are part of this problem.”
According toOpenSecrets, while Booker was running for office in 2014, he received a total of $323,500 from pharmaceutical/health product lobbying — the most among all Democratic senators and the second-most overall. In2016, he received $57,500 from pharmaceutical PACs.
The progressive senator faced heavy scrutiny in January 2017 after voting against a bill, sponsored by fellow presidential candidate Sen.Bernie Sanders, aimed at loweringdrug prices. A Booker spokesman toldVoxthat it was due to “concerns over the ‘safety standards’ of the prescription drugs that would be coming in from Canada under the amendment.” In spite of that response, some critics attributed his move to his large number of pharma donors.
After the criticism he faced in 2017 following his opposition to Sanders’ bill, Booker elected to “pause” taking donations from drug companies.
“It is time that we have a national urgency to deal with this problem and make the solutions that are working to actually be the law of our land and make the pharmaceutical companies that are responsible help to pay for that,” he said during the debate.
Fellow candidate Beto O’Rourke (D-TX) expressed a similar sentiment, stating: “Unless there’s accountability and justice, this crisis will continue.”
O’Rourke singled outPurdue Pharma, the makers of Oxycontin, which has been the center of controversy in regards to its role in the opioid crisis.
“Despite what Purdue Pharma has done, their connection to the opioid crisis and the overdose deaths that we’re seeing throughout this country, they have been able to act with complete impunity and pay no consequences,” O’Rourke said in the debate.
That’s not entirely accurate — Purdue Pharma reached a$270 million settlementwith the state of Oklahoma in March 2019. As of June, the company has been sued by 48 states and the District of Columbia for its marketing practices that are alleged to have fueled the opioid epidemic.
No other candidates weighed in on opioid addiction during the debate. Candidate Sen. Elizabeth Warren (D-MA) recentlyrolled out her proposalaimed at curbing addiction back in May. Her CARE Act, which she is partnering up with Rep. Elijah Cummings (D-MD) for, would give $100 billion in federal funding over the next decade to states and communities that have been hit the hardest by opioid addiction.
She’s not the only candidate with a plan for opioids. Sen. Kirsten Gillibrand (D-N.Y.) also released her proposal in March 2019, although it receivedless enthusiasticresponses.
Adriana is an associate editor for Yahoo Finance. Follow her on Twitter@adrianambells.
READ MORE:
• FDA medical adviser: 'Congress is owned by pharma'
• Adopted AOC amendment will move $5 million from DEA to opioid abuse treatment
• How an American billionaire predicted — and then profited from — an Oxycontin 'prescription blizzard'
• Read the latest financial and business news from Yahoo Finance
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E. Jean Carroll's friends confirm story about Trump
E. Jean Carroll's friends are standing by her claims about Donald Trump. (Photo: Courtesy E. Jean Carroll/Handout via REUTERS) Despite Donald Trump ’s protests that “she’s not [his] type,” two women are corroborating writer E. Jean Carroll’s allegations that he sexually assaulted her in a Bergdorf Goodman dressing room in the mid-’90s. In an excerpt from her forthcoming book, What Do We Need Men For? A Modest Proposal , published by New York last week, Carroll revealed her claims against the president and noted that she’d confided in two friends at the time. One decried it as rape and urged her to report it; the other suggested silence for fear that Trump would ruin her reputation. Trump has denied Carroll's allegations. (Photo: REUTERS/Kevin Lamarque) Now, both women have come forward to back up Carroll’s story. Lisa Birnbach and Carol Martin appeared on the New York Times podcast “The Daily” Thursday to share their version of events and confirm that Carroll told them about the alleged incident at the time. Birnbach, the author of The Official Preppy Handbook , said she was home alone with her two children when Carroll called her immediately after fleeing Bergdorf Goodman, where she says Trump pulled at her tights and forcibly entered her against her will. As she’s noted in other interviews, Carroll acknowledged that she initially laughed at the incident out of shock. “I remember her saying repeatedly, ‘He pulled down my tights’ ... which got me to think that was as far as it went,” Birnbach told Megan Twohey of the Times . Writer Lisa Birnbach says she urged Carroll to go to the police. (Photo: Robin Marchant/WireImage) Though she too was initially taken aback and even humored by what Carroll said, Birnbach became more concerned as her friend went into further detail about her alleged encounter with Trump. She told Carroll she had been raped and needed to alert the police. “It was horrible, we fought,” Birnbach said. “And I said, ‘Let’s go to the police.’ ‘No.’ ‘Come to my house.’ ‘No, I want to go home.’ ‘I’ll take you to the police.’ ‘No. It was 15 minutes of my life, it’s over. Don’t ever tell anybody, I just had to tell you.’” Days later, she confided in Martin, who said Trump was powerful and had lots of lawyers. Martin, an anchor for New York City’s local CBS affiliate at the time, has admitted discouraging Carroll from coming forward. Story continues “I said: ‘Don’t tell anybody. I wouldn’t tell anybody this,’” Martin, who had met Trump through work and knew a woman who’d dated him, recalled telling her friend. Carol Martin (pictured in 1971) discouraged Carroll from coming forward. (Photo: CBS via Getty Images) Carroll took her advice — and is only now just sharing her story. The longtime Elle columnist — who at first saw it more like a “struggle” rather than a crime, and felt guilty about what she says took place — has continued to resist describing her experience as rape. “Every woman gets to choose her word,” Carroll told Twohey. “Every woman gets to choose how she describes it. This is my way of saying it. This is my word. My word is fight. My word is not the victim word. “I have not been raped,” she continued. “Something has not been done to me. I fought.” Read more from Yahoo Lifestyle: Man facing backlash for repeatedly calling police on black women at pool blames his autism: 'I don't see race' Slovakia's first female president shuts down journalist's question about her outfit 'Morning Joe' Mika Brzezinski slams Ivanka, Melania Trump over conditions of migrant children's detention centers: 'This is not being best' Follow us on Instagram , Facebook and Twitter for nonstop inspiration delivered fresh to your feed, every day. |
Middle East Tensions Drive US Oil Demand: 4 Likely Gainers
Tensions in the Middle East are not only lending support to oil prices but are also helping the United States steal market power from the OPEC in the crude export race. This is because crude shipments through the Strait of Hormuz, touted as the most important global passage, situated between Iran and Oman might get disrupted by the escalating tensions between Washington and Tehran.
President Donald Trump has entreated nations with excessive dependence on Middle East oil to safeguard their ships or vessels while transporting crude through the unsafe strait.
Intensifying US-Iran Tensions
The Global Hawk surveillance drone, manufactured by the United States, was shot down last week by the Revolutionary Guard of Iran. Tehran, the capital city, alleged that close to the Strait of Hormuz, the drone had breached the airspace of Iran. To make its voice stronger and clearer, Tehran even insisted that the drone’s debris has been found within its inland waters.
However, Washington rubbished the accusation and added that the drone was intercepted over the international airspace. The drone attack followed the attack on two oil tankers that occurred on Jun 13 in the Gulf of Oman for which, the United States blamed Tehran.
Overall, tensions are probably bringing the United States and Iran on the verge of war after Washington recently stepped back from launching planned airstrikes when the U.S. drone was shot down.
US Oil Demand Soaring
Instead of retaliating for the time being, Trump has stepped up to impose new sanctions after Washington took steps last April to prevent all countries from purchasing crude from Tehran. Sanctions on oil export hurt Iran as the country’s economy is primarily dependent on export revenues from the commodity.
Notably, the rising friction between the countries might disrupt the shipment of crude through the Strait of Hormuz, responsible for the passage of 20% of the total crude oil being consumed in the world, per media report. Through the strait, majority of the crude volumes of countries like Kuwait, UAE, Iraq and Saudi Arabia are being exported. Iran has reportedly warned that if its economy is hit by America’s sanction on its crude export, it will attempt to thwart the passage of oil tankers through the strait.
With the flared-up tensions, the rate of tankers or carriers of crude through the Strait of Hormuz has skyrocketed, per the data provided by Jefferies Financial Group Inc. This has opened up possibilities of more U.S. crude export. In fact, this June will see the loading of 21 VLCCs (very large crude carrier) in the Gulf Cost of the United States, surpassing March’s record of 17 VLCCs, according to RBC Capital Markets.
The rising crude export volumes from the United States have been reflected in the data provided by the U.S. Energy Information Administration (EIA). Notably, EIA’s latest data showed that through the week ended Jun 14, U.S. oil volumes that were exported totaled 3.4 million barrels per day, almost near the record of 3.6 million barrels per day through the week ended Feb 15.
Which Stocks Might Gain?
With demand for U.S. crude rising across the world, the imported volumes of oil from OPEC countries have slipped to the lowest level in 30 years, per media reports. As a result, the upstream and the midstream energy firms in the United States are well positioned to gain.
Midstream players with extensive oil pipeline network, storage assets and providing services in the terminals to load cargo are poised to gain from the rising U.S. crude export volumes. Moreover, explorers and producers in the prolific shale plays that are contributing to the production growth are also expected to gain.
It seems to be an opportune time for energy investors to consider midstream and upstream stocks. Here, we present one stock with a Zacks Rank #1 (Strong Buy) that is well positioned to gain. There are three other stocks with a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Headquartered in Houston, TX,Enterprise Products Partners LPEPD has a pipeline network that spreads across roughly 49,200 miles. Apart from storage assets, the partnership has several facilities for exporting commodities in the U.S. gulf coast region.
The largest crude exporter currently sports a Zacks Rank #1 (Strong Buy). Notably, through 2019, the partnership is likely to see earnings growth of almost 10%.
Magellan Midstream Partners LPMMP, headquartered in Tulsa, OK, is also well-positioned to capitalize on the growing demand for crude oil storage properties along with new facilities for exporting the commodity. Through a joint venture with LBC Tank Terminals, the partnership has operations related to loading of super tankers in the dock along with storage of crude along the Gulf Coast region in the United States.
The partnership, with a Zacks Rank #3 (Hold), has witnessed positive earnings estimate revisions in the past 60 days.
With the divestment of its Eagle Ford resources, Pioneer Natural Resources CompanyPXD has become a pure-play Permian stock. Since the Permian basin has surpassed other shale plays in the United States to boost the country’s oil production and backing crude export volumes, Pioneer Natural is well positioned to gain.
The stock with Zacks Rank of 3 is likely to see earnings growth of 45.2% through 2019.
Headquartered in Midland, TX,Diamondback Energy IncFANG is a pure-play Permian player with presence across more than 344,000 net acres in the Permian. The #3 Ranked stock is likely to see earnings growth of nearly 37% through 2019.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportMagellan Midstream Partners, L.P. (MMP) : Free Stock Analysis ReportEnterprise Products Partners L.P. (EPD) : Free Stock Analysis ReportDiamondback Energy, Inc. (FANG) : Free Stock Analysis ReportPioneer Natural Resources Company (PXD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Are Navigant Consulting, Inc. (NYSE:NCI) Investors Paying Above The Intrinsic Value?
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How far off is Navigant Consulting, Inc. (NYSE:NCI) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the foreast future cash flows of the company and discounting them back to today's value. This is done using the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!
Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in theSimply Wall St analysis model.
See our latest analysis for Navigant Consulting
We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:
[{"": "Levered FCF ($, Millions)", "2019": "$39.48", "2020": "$48.72", "2021": "$45.92", "2022": "$44.44", "2023": "$43.81", "2024": "$43.73", "2025": "$44.03", "2026": "$44.60", "2027": "$45.37", "2028": "$46.30"}, {"": "Growth Rate Estimate Source", "2019": "Analyst x2", "2020": "Analyst x2", "2021": "Est @ -5.76%", "2022": "Est @ -3.21%", "2023": "Est @ -1.43%", "2024": "Est @ -0.18%", "2025": "Est @ 0.69%", "2026": "Est @ 1.3%", "2027": "Est @ 1.73%", "2028": "Est @ 2.03%"}, {"": "Present Value ($, Millions) Discounted @ 8.42%", "2019": "$36.42", "2020": "$41.45", "2021": "$36.03", "2022": "$32.16", "2023": "$29.24", "2024": "$26.92", "2025": "$25.00", "2026": "$23.36", "2027": "$21.92", "2028": "$20.63"}]
Present Value of 10-year Cash Flow (PVCF)= $293.14m
"Est" = FCF growth rate estimated by Simply Wall St
The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.7%. We discount the terminal cash flows to today's value at a cost of equity of 8.4%.
Terminal Value (TV)= FCF2029× (1 + g) ÷ (r – g) = US$46m × (1 + 2.7%) ÷ (8.4% – 2.7%) = US$836m
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= $US$836m ÷ ( 1 + 8.4%)10= $372.58m
The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is $665.73m. In the final step we divide the equity value by the number of shares outstanding.This results in an intrinsic value estimate of $16.92. Compared to the current share price of $22.79, the company appears reasonably expensive at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.
The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Navigant Consulting as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.4%, which is based on a levered beta of 0.954. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
Whilst important, DCF calculation shouldn’t be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price to differ from the intrinsic value? For Navigant Consulting, I've compiled three relevant factors you should further research:
1. Financial Health: Does NCI have a healthy balance sheet? Take a look at ourfree balance sheet analysis with six simple checkson key factors like leverage and risk.
2. Future Earnings: How does NCI's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with ourfree analyst growth expectation chart.
3. Other High Quality Alternatives: Are there other high quality stocks you could be holding instead of NCI? Exploreour interactive list of high quality stocksto get an idea of what else is out there you may be missing!
PS. Simply Wall St updates its DCF calculation for every US stock every day, so if you want to find the intrinsic value of any other stock justsearch here.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Accenture to Buy Australian Cybersecurity Firm BCT Solutions
Shares ofAccenture plcACN have gained 30% year to date, outperforming the 25.6% rally of the industry it belongs to.
The company has entered into an agreement to buy BCT Solutions, a Canberra-based privately held cybersecurity and technology company. Financial terms were not disclosed.
Founded in 2015, BCT specializes in command and control, cyber security, cyber defence services and expertise. The company supports the delivery of defence, national security and public safety mission-support capabilities. With around 50 staff, it has offices in Canberra and Brisbane.
How Will Accenture Benefit?
The acquisition is expected to strengthen Accenture’s Defence, National Security and Public Safety capabilities in Australia, benefiting its Health & Public Service segment. Revenues from this segment increased 4% year over year on a reported basis and 6% in terms of local currency, in the last reported quarter.
Accenture PLC Revenue (TTM)
Accenture PLC revenue-ttm | Accenture PLC Quote
Catherine Garner, who leads Accenture’s Health & Public Service practice in Australia and New Zealand, said, “BCT’s impressive experience and capabilities will enable us to enhance the services we provide to government agencies in Australia — ultimately helping improve the lives of citizens.”
Zacks Rank & Stocks to Consider
Currently, Accenture carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader Zacks Business Services sector are Navigant Consulting NCI, NV5 Global NVEE and FLEETCOR Technologies FLT, each carrying a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term expected EPS (three to five years) growth rate for Navigant Consulting, FLEETCOR and NV5 Global is 13.5%, 15.4% and 20%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of+98%,+119%and+164%in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportFleetCor Technologies, Inc. (FLT) : Free Stock Analysis ReportAccenture PLC (ACN) : Free Stock Analysis ReportNavigant Consulting, Inc. (NCI) : Free Stock Analysis ReportNV5 Global, Inc. (NVEE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Do You Know What ScandBook Holding AB (publ)'s (STO:SBOK) P/E Ratio Means?
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This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll apply a basic P/E ratio analysis to ScandBook Holding AB (publ)'s (STO:SBOK), to help you decide if the stock is worth further research. Based on the last twelve months,ScandBook Holding's P/E ratio is 7.8. In other words, at today's prices, investors are paying SEK7.8 for every SEK1 in prior year profit.
See our latest analysis for ScandBook Holding
Theformula for P/Eis:
Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Or for ScandBook Holding:
P/E of 7.8 = SEK12.5 ÷ SEK1.6 (Based on the trailing twelve months to March 2019.)
The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings. All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.'
When earnings fall, the 'E' decreases, over time. That means even if the current P/E is low, it will increase over time if the share price stays flat. So while a stock may look cheap based on past earnings, it could be expensive based on future earnings.
ScandBook Holding's earnings made like a rocket, taking off 265% last year.
One good way to get a quick read on what market participants expect of a company is to look at its P/E ratio. We can see in the image below that the average P/E (17.5) for companies in the commercial services industry is higher than ScandBook Holding's P/E.
Its relatively low P/E ratio indicates that ScandBook Holding shareholders think it will struggle to do as well as other companies in its industry classification. Since the market seems unimpressed with ScandBook Holding, it's quite possible it could surprise on the upside. If you consider the stock interesting, further research is recommended. For example, I often monitordirector buying and selling.
The 'Price' in P/E reflects the market capitalization of the company. So it won't reflect the advantage of cash, or disadvantage of debt. Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings.
Such expenditure might be good or bad, in the long term, but the point here is that the balance sheet is not reflected by this ratio.
ScandBook Holding's net debt is considerable, at 116% of its market cap. This level of debt justifies a relatively low P/E, so remain cognizant of the debt, if you're comparing it to other stocks.
ScandBook Holding trades on a P/E ratio of 7.8, which is below the SE market average of 16.3. The company has a meaningful amount of debt on the balance sheet, but that should not eclipse the solid earnings growth. If it continues to grow, then the current low P/E may prove to be unjustified.
Investors have an opportunity when market expectations about a stock are wrong. If it is underestimating a company, investors can make money by buying and holding the shares until the market corrects itself. We don't have analyst forecasts, but you might want to assessthis data-rich visualizationof earnings, revenue and cash flow.
Of courseyou might be able to find a better stock than ScandBook Holding. So you may wish to see thisfreecollection of other companies that have grown earnings strongly.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
UPDATE 1-German inflation rate remains well below ECB target in June
(Adds analyst, context)
BERLIN, June 27 (Reuters) - German annual inflation remained well below the European Central Bank's target level in June, preliminary data showed on Thursday, lending support to the bank's decision not to raise interest rates in the coming year.
German consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 1.3% year-on-year after increasing by the same amount in the previous month, the Federal Statistics Office said.
Higher food and leisure prices were the main inflation drivers while energy was a drag.
The June reading matched a Reuters forecast. German inflation has not been lower since February 2018 and analysts said it should even fall further toward 1% this year, as energy prices fall and growth in Europe's biggest economy slows.
"For the ECB, this all means: probably more easing ahead," Sebastian Wanke of KfW Research wrote in a note.
The ECB targets inflation of close to but below 2% for the euro zone as a whole.
The central bank earlier this month opened the door to cutting rates or buying more bonds, as risk factors such as trade wars dragged down the euro zone economy.
On the month, EU-harmonised prices rose by 0.1%, in line with market expectations.
The German government has halved its growth forecast for this year to 0.5% as the economy slows. Germany's export-dependent manufacturers are feeling the brunt of trade conflicts and there are mounting fears the slowdown could spread to other sectors and dent the robust labour market.
The economy has been relying on consumption for growth, a cycle supported by low interest rates, record low unemployment and generous pay hikes. (Reporting by Joseph Nasr Editing by Paul Carrel) |
Air Products (APD) Wins Contract to Supply MEMC Korea's Fab
Air Products and Chemicals, Inc.APD has been awarded a supply contract by MEMC Korea, a fully-owned subsidiary of GlobalWafers. The industrial gases giant will support MEMC Korea’s new 300mm silicon wafer fab that is under construction and adjacent to the existing fab in Cheonan, South Korea.Notably, GlobalWafers is the third largest silicon wafer manufacturer globally and a leading wafer supplier for the semiconductor industry. Air Products will provide turnkey solutions that will include liquid argon, a PRISM high purity nitrogen (“HPN”) on-site generator along with associated systems, maintenance and other operation services.Emerging technologies like the Internet of Things (IoT), artificial intelligence, 5G and virtual reality and autonomous vehicles are driving demand for silicon wafers. Air Products’ latest deal supports the robust development of semiconductor and electronics industries in Korea.Moreover, Air Products’ PRISM product line provides economic, reliable and eco-friendly on-site supply solutions. The modular, packaged design enables easy integration, quick installation along with flexible operating patterns. Also, the PRISM HPN system generates one of the purest grades of nitrogen in the industry.Air Products’ shares have rallied 43.6% in the past year, against the industry’s 33.9% decline.
In April 2019, the company raised adjusted earnings per share (EPS) guidance for fiscal 2019 to the range of $8.15-$8.30 from the previous expectation of $8.05-$8.30. This indicates 10% rise year over year at the midpoint.The company expects adjusted EPS for third-quarter fiscal 2019 in the band of $2.10-$2.15, which calls for 8-10% rise year over year. Also, the company raised capital expenditure expectations for fiscal 2019 to the range of $2.4-$2.5 billion, from the previous band of $2.3-$2.5 billion.Zacks Rank & Other Key PicksAir Products currently carries a Zacks Rank #2 (Buy).Some other top-ranked stocks in the basic materials space are Materion Corporation MTRN, Flexible Solutions International Inc FSI and AngloGold Ashanti Limited AU. These stocks currently sport a Zacks Rank #1 (Strong Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.Materion has an expected earnings growth rate of 27.3% for 2019. The company’s shares have gained 20.1% in the past year.Flexible Solutions has a projected earnings growth rate of 342.9% for the current year. The company’s shares have surged 143.2% in a year’s time.AngloGold has an estimated earnings growth rate of 90.6% for the current year. Its shares have rallied 125.5% in the past year.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of+98%,+119%and+164%in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportAir Products and Chemicals, Inc. (APD) : Free Stock Analysis ReportFlexible Solutions International Inc. (FSI) : Free Stock Analysis ReportAngloGold Ashanti Limited (AU) : Free Stock Analysis ReportMaterion Corporation (MTRN) : Free Stock Analysis ReportTo read this article on Zacks.com click here. |
Ford recortará 12.000 empleos en Europa a fines de 2020
Fábrica de Ford. REUTERS/Kamil Krzaczynski FRÁNCFORT (Reuters) - Ford ( F ) anunció el jueves que a fines del próximo año habrá recortado 12.000 empleos en Europa, una medida que forma parte de una ola de reducciones de costos en una industria automotriz que enfrenta un estancamiento de la demanda e inversiones récord para fabricar vehículos con bajas emisiones. El desafío de invertir en vehículos eléctricos, híbridos y de conducción autónoma, y revisar los motores de combustión para cumplir con las nuevas reglas sobre contaminación, ha obligado a los fabricantes de automóviles de Europa a reducir costos fijos y racionalizar sus carteras modelo. Ford suspendió la producción en tres plantas en Rusia, está cerrando otras en Francia y Gales y ha reducido turnos en fábricas en las ciudades de Valencia, España, y Saarlouis, Alemania. Según informa el diario Expansión , las plantas de Ford en España no estarían incluidas en los recortes, aunque la fábrica de Almusafes sufrirá una reducción en la producción de unos 12.000 vehículos anuales con un Expediente de Regulación de Empleo Temporal. "Hemos concluido en gran medida las consultas con los interlocutores sociales con respecto a las acciones de reestructuración", dijo a Reuters Stuart Rowley, presidente de Ford Europa. Aproximadamente 12.000 empleos se verán afectados en las instalaciones de propiedad de Ford y en las empresas conjuntas consolidadas en Europa para fines de 2020, principalmente a través de programas de retiros voluntarios. Cerca de 2.000 de ellos son puestos asalariados, que se incluyen entre las 7.000 cargos que Ford está reduciendo a nivel mundial, según el fabricante de automóviles. El resto son trabajadores con contratos por hora o empleados de agencias. Ford Europa tiene 51.000 empleados en el continente o 65.000 si se incluyen las empresas conjuntas. En enero, Ford anunció una amplia revisión comercial que incluyó la posibilidad de cerrar plantas y descontinuar las líneas de vehículos deficitarios para obtener un margen operativo del 6 por ciento en Europa. (Reporte de Edward Taylor. Editado en español por Rodrigo Charme) |
What Are Analysts Saying About Leasinvest Real Estate SCA's (EBR:LEAS) Growth?
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The latest earnings release Leasinvest Real Estate SCA's (EBR:LEAS) announced in March 2019 indicated that the business faced a substantial headwind with earnings falling by -20%. Below, I've laid out key growth figures on how market analysts perceive Leasinvest Real Estate's earnings growth trajectory over the next couple of years and whether the future looks brighter. I will be looking at earnings excluding extraordinary items to exclude one-off activities to get a better understanding of the underlying drivers of earnings.
See our latest analysis for Leasinvest Real Estate
Analysts' outlook for the upcoming year seems pessimistic, with earnings falling by -3.2%. Over the medium term, earnings should continue to be below today's level, with a decrease of -0.07% in 2021, eventually reaching €38m in 2022.
Although it’s helpful to understand the growth each year relative to today’s value, it may be more insightful gauging the rate at which the business is rising or falling on average every year. The benefit of this approach is that it ignores near term flucuations and accounts for the overarching direction of Leasinvest Real Estate's earnings trajectory over time, which may be more relevant for long term investors. To calculate this rate, I put a line of best fit through the forecasted earnings by market analysts. The slope of this line is the rate of earnings growth, which in this case is 1.9%. This means that, we can presume Leasinvest Real Estate will grow its earnings by 1.9% every year for the next couple of years.
For Leasinvest Real Estate, I've put together three key factors you should look at:
1. Financial Health: Does it have a healthy balance sheet? Take a look at ourfree balance sheet analysis with six simple checkson key factors like leverage and risk.
2. Future Earnings: How does LEAS's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with ourfree analyst growth expectation chart.
3. Other High-Growth Alternatives: Are there other high-growth stocks you could be holding instead of LEAS? Exploreour interactive list of stocks with large growth potentialto get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
M&T Bank (MTB) Rallies 16% YTD: What's Driving the Stock?
M&T Bank Corporation’s MTB shares have rallied nearly 16% year to date compared with the industry’s growth of 10.4%. This price performance is backed by an improving operating environment and inorganic growth strategies, such as expansion of mortgage servicing business, which will help boost top line.
Further, analysts are bullish on this Zacks Rank #2 (Buy) stock as it has been witnessing upward estimate revisions for earnings in 2019 and 2020 over the past 30 days.
Moreover, the stock has a Momentum Score of A. Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 offer the best upside potential.
Let’s take a look at other fundamentals that indicate further upside potential of the stock:
Earnings Per Share (EPS) Strength: Earnings are anticipated to display an upswing in the near term, as the company’s projected EPS growth (F1/F0) is 14% compared with the industry average rate of 9.32%. Also, M&T Bank pulled off an average positive earnings surprise of 5.2% over the trailing four quarters.
Inorganic Growth Efforts: Given its robust liquidity position, M&T Bank is well positioned to grow on the back of acquisitions. The company’s several major buyouts globally over the past several years are reflective of it.
Steady Capital Deployment: M&T Bank’s capital deployment activities are impressive. The company’s 2018 capital plan was approved by the Federal Reserve. The plan included share buyback of up to $1.8 billion over the four-quarter period, effective July 2018. Further, in August 2018, the company increased its quarterly common stock dividend by 25%.
Superior Return on Equity (ROE):M&T Bank’s ROE of 14.46% compared with the industry average of 12.69%, highlights its commendable position over its peers.
Strong Leverage: M&T Bank’s debt/equity ratio is valued at 0.59 compared with the industry average of 0.91, indicating a relatively lower debt burden. It highlights the financial stability of the company even in adverse economic conditions.
Other Stocks to Consider
Some better-ranked stocks in the same space are Orrstown Financial Services ORRF, CNB Financial Corporation CCNE and Citizens Financial Services Inc. CZFS. All these stocks carry a Zacks Rank #2. You can seethe complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Orrstown Financial’s current-year earnings has remained stable for 2019 in the past 30 days. Also, its share price has increased 16.7% in the past six months.
CNB Financial’s current-year earnings estimates have been revised 2.1% upward over the past 30 days. Further, the company’s shares have rallied 18.1% in the past six months.
The Zacks Consensus Estimate for Citizens Financial Services’ current-year earnings has been revised nearly 1% upward over the past 30 days. Moreover, in the past six months, its shares have gained 8.1%.
Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of+98%,+119%and+164%in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportM&T Bank Corporation (MTB) : Free Stock Analysis ReportOrrstown Financial Services Inc (ORRF) : Free Stock Analysis ReportCNB Financial Corporation (CCNE) : Free Stock Analysis ReportCitizens Financial Services Inc. (CZFS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Varian (VAR) & Tennessee Oncology to Implement Use of Noona
With an effort to boost cancer care,Varian Medical Systems, Inc.VAR recently announced a tie-up with Tennessee Oncology for the implementation of Noona. Notably, Noona is a software application for managing patient symptoms and capturing patient reported outcomes. This is likely to drive Varian’s core Oncology business.
For investors’ notice, Varian Medical acquired Noona Healthcare last October, to help enable direct communication with patients. (Read More: Varian Buys Noona to Boost Oncology Software Services)
Rationale Behind the Tie-Up
Per terms of the collaboration, Noona will be deployed at more than 30 centers across Tennessee, targeting approximately 25,000 patients per year. Noona is designed to collect standardized dataset pertaining to patients' quality of life, including new or shifting symptoms that may signal a necessary shift in care. The software may be accessed on any device through Apple or Android applications.
The software has proven to deliver higher clinical efficiency and reduced workload and improved information.
As a result of the deal, Varian’s core Oncology unit is expected to get a boost.
The company’s comprehensive oncology software provides a seamless flow of information for accurate, efficient and timely information helping build a solid foundation for patient safety and well-being.
In the last reported quarter, the company’s largest business segment contributed 95.8% to net quarterly sales. Some of the noteworthy platforms in the Oncology segment are 360 Oncology, Eclipse for Proton and Eclipse Treatment planning system, which are currently much in demand.
Market Prospects
Allied Market Research predicts the global oncology information system market to reach a worth of $4.57 billion by 2025, at a CAGR of 7.1%. Surge in prevalence of cancer cases and technological advancements in these systems currently fuel growth.
Hence, the latest development has been a strategic one for Varian.
Price Performance
Over the past year, this Zacks Rank #3 (Hold) stock has rallied 14% compared with the industry’s 4.1% rise and the S&P 500 index’s 6.7% growth.
Key Picks
A few better-ranked stocks in the broader medical space are DENTSPLY SIRONA XRAY, Penumbra PEN and CONMED Corporation CNMD, each carrying a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DENTSPLY’s long-term earnings growth rate is expected to be 11.5%.
Penumbra’s long-term earnings growth rate is projected at 21.5%.
CONMED’s long-term earnings growth rate is estimated at 13.3%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month.
See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportVarian Medical Systems, Inc. (VAR) : Free Stock Analysis ReportPenumbra, Inc. (PEN) : Free Stock Analysis ReportDENTSPLY SIRONA Inc. (XRAY) : Free Stock Analysis ReportCONMED Corporation (CNMD) : Free Stock Analysis ReportTo read this article on Zacks.com click here. |
Has F5 Networks, Inc. (NASDAQ:FFIV) Improved Earnings Growth In Recent Times?
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When F5 Networks, Inc. (NASDAQ:FFIV) announced its most recent earnings (31 March 2019), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. Being able to interpret how well F5 Networks has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. In this article, I've summarized the key takeaways on how I see FFIV has performed.
Check out our latest analysis for F5 Networks
FFIV's trailing twelve-month earnings (from 31 March 2019) of US$503m has jumped 16% compared to the previous year.
Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 9.7%, indicating the rate at which FFIV is growing has accelerated. How has it been able to do this? Well, let’s take a look at if it is solely owing to an industry uplift, or if F5 Networks has experienced some company-specific growth.
In terms of returns from investment, F5 Networks has invested its equity funds well leading to a 34% return on equity (ROE), above the sensible minimum of 20%. Furthermore, its return on assets (ROA) of 16% exceeds the US Communications industry of 5.4%, indicating F5 Networks has used its assets more efficiently. However, its return on capital (ROC), which also accounts for F5 Networks’s debt level, has declined over the past 3 years from 38% to 33%.
Though F5 Networks's past data is helpful, it is only one aspect of my investment thesis. Positive growth and profitability are what investors like to see in a company’s track record, but how do we properly assess sustainability? You should continue to research F5 Networks to get a better picture of the stock by looking at:
1. Future Outlook: What are well-informed industry analysts predicting for FFIV’s future growth? Take a look at ourfree research report of analyst consensusfor FFIV’s outlook.
2. Financial Health: Are FFIV’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out ourfinancial health checks here.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore ourfree list of these great stocks here.
NB: Figures in this article are calculated using data from the trailing twelve months from 31 March 2019. This may not be consistent with full year annual report figures.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Lockheed Martin Secures $562M FMS Deal for ATACMS Missile
Lockheed Martin Corp. LMT recently secured a $561.8-million foreign military sales (FMS) contract for the production of Army Tactical Missile System (ATACMS). The contract was awarded by the U.S. Army Contracting Command, Redstone Arsenal, AL.Work related to the deal is scheduled to be completed by Jun 30, 2022, and will be performed in Grand Prairie, TX; Camden, AR, and other locations across the United States. The missiles will be delivered to Bahrain, Poland and Romania.A Note on ATACMSLockheed Martin’s ATACMS is a long-range guided missile, capable of striking targets well beyond the range of existing Army cannons, rockets and other missiles. The ATACMS long-range guided missiles can be fired from multiple rocket launchers, including the M270 Multiple Launch Rocket System (MLRS) and the M142 High Mobility Artillery Rocket System (HIMARS).Our ViewIn recent times, geo-political tensions across the Middle East rose on possible Iranian expansionism in the region. Additionally, growing political unrest between Bahrain and Iraq has also triggered tensions alarmingly in the region, which has induced these nations to strengthen their defense arsenals further.Moreover, tensions between the United States and Iran have heightened, led by the recent Iranian attacks on an American drone. At the same time, we are witnessing political unrest in Europe, led by strained relations between Russia and eastern European nations, such as Ukraine, Poland and Romania. This has increased the demand for missile systems, fighter jets and military helicopters particularly in these European nations.Such widespread unrest has set the stage for Lockheed Martin, Pentagon’s largest defense contractor, to win an increasing number of contracts, worldwide. This rise in demand has boosted the company’s overseas business. The latest contract win is a testimony to that.As a result of this, Lockheed Martin's Missiles and Fire Control (MFC) business segment, which produces top-notch missiles like Patriot Advanced Capability-3 (PAC-3) missiles and THAAD intercept systems, continues to generate notable revenues. This is evident from the segment’s first-quarter results, which generated 40% year-over-year sales growth.Fiscal 2020 Defense Budget to AidThe U.S. government proposed the fiscal 2020 defense budget in March 2019, under which the Department of Defense will receive $718 billion, reflecting a 4.9% increase from the prior-year budget. This budget includes an increased spending plan of $13.6 billion on missile systems. Once approved, the increased spending provision should usher in more contracts for Lockheed Martin’s missile programs.Price PerformanceShares of Lockheed Martin have gained 21.7% in the past twelve months compared with the industry’s growth of 9.6%.
Zacks Rank & Other Key PicksLockheed Martin currently carries Zacks Rank #2 (Buy).A few similar-ranked stocks in the same industry are Wesco Aircraft Holdings WAIR, Northrop Grumman Corp. NOC and Leidos Holdings LDOS. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Wesco Aircraft’s long-term growth estimate currently stands at 12%. The Zacks Consensus Estimate for 2019 earnings has increased 3.7% to 84 cents in the past 60 days.Northrop Grumman came up with average positive earnings surprise of 18.50% in the last four quarters. The Zacks Consensus Estimate for 2019 earnings has increased 2.26% to $19.42 in the past 60 days.Leidos Holdings came up with average positive earnings surprise of 6.81% in the last four quarters. The Zacks Consensus Estimate for 2019 earnings has risen 1.54% to $4.60 in the past 60 days.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportLockheed Martin Corporation (LMT) : Free Stock Analysis ReportNorthrop Grumman Corporation (NOC) : Free Stock Analysis ReportLeidos Holdings, Inc. (LDOS) : Free Stock Analysis ReportWesco Aircraft Holdings, Inc. (WAIR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Transat accepts Air Canada's buyout offer, deal needs shareholder approval
By Allison Lampert
(Reuters) - Air Canada said on Thursday that Canadian tour operator Transat AT Inc accepted its all-cash bid of C$520 million ($396 million), but some Transat shareholders want more and must approve the transaction.
Montreal-based Air Canada pursued Transat to boost its leisure travel business against the backdrop of a potential turnaround at rival WestJet Airlines under a new owner.
Canada's largest airline secured Transat board approval for the C$13 a share deal despite a challenge from Montreal real estate developer Group Mach, which weighed in with a C$14 per share offer.
Transat stock has surged more than 34% since exclusivity talks with Air Canada began in May, closing Wednesday at C$14.19, as investors anticipated a sweeter deal.
Shares of Transat, which initially dropped 7.4% on news of the deal, pared losses to C$13.33, shortly after midday.
Transat Chief Executive Jean-Marc Eustache called the agreement "the best option for all our stakeholders," saying it would expand the Montreal-based company. Transat, with 5,000 employees, also owns and operates Air Transat, Canada's third-largest airline.
Mach's offer had raised questions since the company first said it needed government financing to complete the deal, a condition it waived on Tuesday.
Two-thirds of Transat shareholders must approve the deal, a company spokesman said.
"We believe Air Canada's offer doesn't reflect the value of Air Transat," said Amar Pandya, a senior investment analyst and portfolio manager for Vancouver-based PenderFund Capital Management, which holds 3.95% of Transat shares according to IBES data from Refinitiv.
Pandya encouraged other parties to make higher formal offers to the Transat board.
Letko, Brosseau and Associates, Transat's largest shareholder, had urged the company to drop the deal, The Globe and Mail reported last month.
The Montreal-based investment manager, which is also the largest shareholder in Air Canada according to IBES data, declined to comment.
The deal, which would keep Transat's head office and key functions in Montreal, is expected to be completed early next year, subject to regulatory approval.
Transat is required to pay C$15 million if it backs out of the agreement in favor of a fully financed offer of C$14 a share or more that is not matched by Air Canada. However, the carrier must pay Transat up to C$40 million if regulatory approvals are not obtained, under certain conditions.
(Reporting by Allison Lampert in Montreal and Debroop Roy in Bengaluru; Editing by Anil D'Silva, Sriraj Kalluvila, Cynthia Osterman and Richard Chang) |
Are Insiders Buying GasLog Ltd. (NYSE:GLOG) Stock?
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It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we'll take a look at whether insiders have been buying or selling shares inGasLog Ltd.(NYSE:GLOG).
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, most countries require that the company discloses such transactions to the market.
Insider transactions are not the most important thing when it comes to long-term investing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Columbia Universitystudyfound that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.
See our latest analysis for GasLog
In the last twelve months, the biggest single purchase by an insider was when Executive Chairman of the Board Peter Livanos bought US$395k worth of shares at a price of US$13.17 per share. So it's clear an insider wanted to buy, at around the current price, which is US$13.95. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for GasLog share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Peter Livanos.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
GasLog is not the only stock that insiders are buying. For those who like to findwinning investmentsthisfreelist of growing companies with recent insider purchasing, could be just the ticket.
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that GasLog insiders own 2.7% of the company, worth about US$37m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest GasLog insiders are well aligned, and that they may think the share price is too low. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check thisfreereport showing analyst forecasts for its future.
Of courseGasLog may not be the best stock to buy. So you may wish to see thisfreecollection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Could The Genie Energy Ltd. (NYSE:GNE) Ownership Structure Tell Us Something Useful?
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The big shareholder groups in Genie Energy Ltd. (NYSE:GNE) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. Warren Buffett said that he likes 'a business with enduring competitive advantages that is run by able and owner-oriented people'. So it's nice to see some insider ownership, because it may suggest that management is owner-oriented.
Genie Energy is a smaller company with a market capitalization of US$295m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. We can zoom in on the different ownership groups, to learn more about GNE.
Check out our latest analysis for Genie Energy
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
As you can see, institutional investors own 24% of Genie Energy. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Genie Energy's earnings history, below. Of course, the future is what really matters.
Hedge funds don't have many shares in Genie Energy. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own a reasonable proportion of Genie Energy Ltd.. Insiders have a US$135m stake in this US$295m business. I would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You canclick here to see if those insiders have been buying or selling.
The general public, with a 24% stake in the company, will not easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
It seems that Private Companies own 5.7%, of the GNE stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
It's always worth thinking about the different groups who own shares in a company. But to understand Genie Energy better, we need to consider many other factors.
I like to dive deeperinto how a company has performed in the past. You can findhistoric revenue and earnings in thisdetailed graph.
Ultimatelythe future is most important. You can access thisfreereport on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Overstock.com unit tZERO to launch digital currency wallet, exchange app
By Gertrude Chavez-Dreyfuss NEW YORK, June 27 (Reuters) - Overstock.com subsidiary tZERO said on Thursday it has launched a digital wallet and exchange app for cryptocurrencies. Investors who want to participate in the global cryptocurrency market will be able to buy, sell and hold these digital assets directly through the tZERO Crypto App on their mobile phone, rather than using more vulnerable, third-party exchanges for custody, tZERO said in a statement. tZERO is focused on the development and commercialization of blockchain, the technology that underpins bitcoin and cryptocurrencies in general. Blockchain is a shared database that is maintained by a network of computers connected to the internet. Cryptocurrencies are back in the spotlight amid a scorching price rally this year, led by bitcoin, which has soared more than 270% so far in 2019. After hitting an 18-month high past $13,000, bitcoin last traded up 6.7% at 12,545.02. "One of my goals since I joined the company is to provide an intuitive user experience on both mobile and the web to trade all digital assets, including cryptocurrencies," tZERO Chief Executive Officer Saum Noursalehi told Reuters in a phone interview. "The new app will become the foundation of trading all digital assets for tZERO, whether it's art, real estate, or private companies," Noursalehi said. The initial release of the app will support bitcoin and ethereum purchases. tZERO said it committed to compliance and safety and will utilize biometric authentication for added security and ease of use. Investors will also have access to tZERO's private key recovery system to restore their funds and cryptocurrencies in the event that they lose their private keys or mobile phone. "As you know, exchanges have gotten hacked before," Noursalehi said. "What's different in our case is that the tokens will be stored on your phones with your private keys, which we think is more secure." (Reporting by Gertrude Chavez-Dreyfuss; Editing by Cynthia Osterman) |
Ethos Options the Ligneris Gold Project in Quebec
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2019) -Ethos Gold Corp.(TSXV: ECC) (OTCQB: ETHOF) ("Ethos" or the "Company") is pleased to announce that it entered an agreement to earn up to a 70% interest in the Ligneris gold project (the "Ligneris Project") from Société d'exploration minière Vior Inc. ("Vior") (TSXV: VIO), subject to acceptance by the TSX Venture Exchange. The Ligneris Project is strategically located in the world class Abitibi greenstone belt which hosts numerous gold and base metal deposits and mines.
Highlights
• The Ligneris Project comprises 94 claims covering 36.2 km2located 80 km north of Agnico-Eagle's LaRonde Complex, and 90 km northeast of Rouyn-Noranda, in Quebec (see Figure 1 below). The project has easy access through paved and all-weather logging roads. Basic services are available from the village of Taschereau located 35 km to the south.
• Mineralized zones are found within an extensive hydrothermal alteration zone that can be followed over kilometers in strike length and hundreds of meters width, and that are encompassed within broad ductile deformation zones. The geochemical signature of the rocks and mineralization bear many similarities to those the LaRonde/Bousquet camp.
• Previous work by Vior (1985-1986), Placer Dome (1987-1990) and Barrick (1997) included 204 drill holes (approximately 40,000 meters) mostly clustered around the mineralized zones on the project. 75 of these 204 holes crosscut significant gold and/or zinc intercepts. Only 7 holes reached over 300 meters in depth.
• Mineralization consists of disseminated pyrite and veinlets of sphalerite associated to strong pervasive carbonatization and sericitic alteration within dacitic volcanics. The mineralization was recognized in most of the holes in the South, Central and North zones. Highlights of historical intercepts include:
[{"Company": "Placer Dome", "Zone": "South", "Hole #": "275-073", "Dip": "-60", "Azimuth": "N330", "From(m)": "173.9", "To(m)": "184.5", "Interval(m)": "10.6", "Au(g/t)": "13.47", "Zn(%)": "", "Ag(g/t)": ""}, {"Company": "Vior", "Zone": "South", "Hole #": "LS-05", "Dip": "-45", "Azimuth": "N360", "From(m)": "217.2", "To(m)": "223.2", "Interval(m)": "5.94", "Au(g/t)": "5.15", "Zn(%)": "", "Ag(g/t)": ""}, {"Company": "Placer Dome", "Zone": "South", "Hole #": "275-95", "Dip": "-58", "Azimuth": "N240", "From(m)": "180.7", "To(m)": "183.6", "Interval(m)": "2.9", "Au(g/t)": "62.0", "Zn(%)": "", "Ag(g/t)": ""}, {"Company": "Placer Dome", "Zone": "Central", "Hole #": "275-53", "Dip": "-50", "Azimuth": "N330", "From(m)": "163.0", "To(m)": "187.0", "Interval(m)": "24", "Au(g/t)": "0.91", "Zn(%)": "", "Ag(g/t)": ""}, {"Company": "Placer Dome", "Zone": "Central", "Hole #": "275-51", "Dip": "-50", "Azimuth": "N330", "From(m)": "32.3", "To(m)": "33.0", "Interval(m)": "0.69", "Au(g/t)": "73.0", "Zn(%)": "", "Ag(g/t)": ""}, {"Company": "Vior", "Zone": "Central", "Hole #": "L84-04", "Dip": "-45", "Azimuth": "N360", "From(m)": "47.3", "To(m)": "52.7", "Interval(m)": "5.43", "Au(g/t)": "4.92", "Zn(%)": "", "Ag(g/t)": ""}, {"Company": "Placer Dome", "Zone": "North", "Hole #": "275-27B", "Dip": "-57", "Azimuth": "N150", "From(m)": "97.4", "To(m)": "98.0", "Interval(m)": "0.63", "Au(g/t)": "70.0", "Zn(%)": "", "Ag(g/t)": ""}, {"Company": "", "Zone": "", "Hole #": "", "Dip": "", "Azimuth": "", "From(m)": "", "To(m)": "", "Interval(m)": "", "Au(g/t)": "", "Zn(%)": "", "Ag(g/t)": ""}, {"Company": "Placer Dome", "Zone": "Central", "Hole #": "275-141B", "Dip": "-75", "Azimuth": "N150", "From(m)": "306.6", "To(m)": "308.0", "Interval(m)": "1.45", "Au(g/t)": "", "Zn(%)": "2.79%", "Ag(g/t)": "216"}, {"Company": "Vior", "Zone": "Central", "Hole #": "L84-04", "Dip": "-45", "Azimuth": "N360", "From(m)": "133.0", "To(m)": "138.9", "Interval(m)": "5.88", "Au(g/t)": "", "Zn(%)": "1.90%", "Ag(g/t)": "13.6"}]
The qualified person has not verified the drilling data disclosed in this release, including sampling data and assays. These data come from historical reports made between 1984 and 1990 by Sigma Mines Ltd., Placer Dome Inc. and Vior.
• A recent comprehensive airborne VTEM survey by Vior, conducted by Geotech, defined 12 clusters of deeper targets. Ethos will now commence a comprehensive compilation of previous data, ground based geophysics, and further surface sampling and mapping. This work will be utilized to fine tune deeper targets for drilling.
• Drilling will test these deeper targets below 300m.
• Previous exploration work including drilling by Placer Dome and Vior has also identified shallower, high grade targets, and recommended induced polarization ("IP") geophysics followed by drilling to test these targets. Ethos will also pursue these shallower targets.
• Drilling is planned for the fall and winter of 2019. Drilling can continue throughout the winter. This program will utilize some of the unallocated flow through funds that Ethos currently holds.
Figure 1.Ligneris Project property map showing geology, alteration, historic drilling and geophysical targets defined to date.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1564/45936_67b4d7e384c79a7b_002full.jpg
Stated Craig Roberts, P.Eng., President & CEO of Ethos, "Historic work at Lingeris has defined a large mineralized system including some significant intervals of gold and also zinc/silver in drilling. Ligneris exhibits many similarities in geology and mineralization to Agnico's LaRonde mine, approximately 80 km south. LaRonde is now reaching mining depths of over 3000m. Ligneris has very little historic drilling that penetrated below 300m depth. A recent airborne survey at Ligneris has identified multiple geophysical targets at deeper levels. Our plan is to refine these deeper targets with ground-based geophysics and to drill them before the end of 2019. We have approximately C$1.4 million of unallocated flow through to spend in 2019 and we believe this is a great project to pursue with a portion of these funds. The Vior team, led by their VP Exploration, Marc L'Heureux, P.Geo., M.A.Sc., will operate the program at Ligneris. In addition to leading Vior's recent work at Ligneris, Marc spent 4 years working at the Bosquet Mine, which is part of the LaRonde complex, so he has a deep understanding of the LaRonde type model."
Earn In Agreement Terms
Ethos can earn a 51% interest in the Ligneris Project by paying Vior 1.0 million in Ethos shares and incurring C$3.0 million in expenditures over the first four years of the agreement, according to the following schedule:
[{"": "Upfront", "Work Commitment": "", "Ethos Shares": "200,000"}, {"": "Year 1", "Work Commitment": "$750,000", "Ethos Shares": "225,000"}, {"": "Year 2", "Work Commitment": "$750,000", "Ethos Shares": "250,000"}, {"": "Year 3", "Work Commitment": "$750,000", "Ethos Shares": "325,000"}, {"": "Year 4", "Work Commitment": "$750,000", "Ethos Shares": ""}, {"": "Total", "Work Commitment": "$3,000,000", "Ethos Shares": "1,000,000"}]
Following earn in to 51% Ethos will have 60 days to elect to earn a further 19% interest (70% interest) by spending an additional C$4 million over the subsequent three years.
Qualified Person
Jo Price, M.Sc., MBA, P.Geo., VP Exploration of the Company and a Qualified Person as defined under National Instrument 43-101 has reviewed and approved this release.
About Ethos Gold
Ethos' strategy is to earn into potentially large, drill ready gold projects that can be drill tested over a shorter time frame with a relatively modest budget. Ethos' current projects include:
La Purisima(earning 100%) is a near surface, bulk tonnage, oxide gold target located in Chihuahua, Mexico. Ethos is now conducting its maiden drill program on La Purisima.
Iron Point(earning 50% from Victory Metals Inc) is a Lower Plate hosted Carlin-style gold target, located 22 miles east of Winnemucca, Nevada. Drilling at Iron Point is now underway supervised by Dr. Quinton Hennigh.
Carlin East and Swift. Ethos also owns approximately 8% of the equity of Carlin Type Holdings Ltd., a private British Columbia company whose wholly owned US subsidiary, Ridgeline Minerals Corporation, is earning into 100% ownership of three Nevada gold exploration projects, including two deep Carlin-type targets. Ridgeline plans to drill Carlin East located just east of Barrick's Goldstrike mine in July 2019.
Ligneris(earning up to 70% from Vior Inc. (TSXV: VIO) is located 90 km north of Rouyn-Noranda, Quebec. The project has a large mineralized surface expression, and approximately 200 holes drilled to approximately 300 m depth, with some significant gold drill intercepts. The project rocks and mineralization bear many similarities to Agnico's LaRonde complex. Ethos plans to further define deeper targets with ground geophysics and to drill test these targets in 2019.
Perk-Rocky(earning 100%) is a large copper-gold porphyry target located 220 miles east of Williams Lake, British Columbia. The 2019 exploration program including detailed airborne geophysics and ground sampling and mapping is commencing shortly. Subject to results Ethos may conduct some initial drilling at Perk-Rocky prior to the end of the 2019 season.
Ethos is also earning into thePine Pass and Ursula vanadium projects(100% earn-in) in north-central British Columbia. In March 2019 Ethos received notice from the Province of British Columbia that the mineral tenures making up its Pine Pass vanadium project are included in an area under consideration for an immediate moratorium on development proposals and possible inclusion in an expanded environmental protected area, and Ethos is now waiting on the resolution of this issue before proceeding with further work.
Ethos currently has cash of approximatelyC$6.5 millionand56.3 million shares issued.
For additional information please contact Tom Martin at E:tmartin@ethosgold.comP: 1-250-516-2455 or view the Company's website,www.ethosgold.comand the Company's SEDAR profile atwww.sedar.com.
Ethos Gold Corp.Per: "Craig Roberts"
Craig Roberts, P.Eng., President & CEO
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the acceptance by the TSX Venture Exchange of the Company's right to earn an interest in the Ligneris Project, the Company's intention to acquire an interest in the Ligneris Project and planned exploration activities at the Ligneris Project. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) atwww.sedar.comfor a more complete discussion of such risk factors and their potential effects
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/45936 |
Disney World's Top Rival Fires Back With a New Hotel
The first guests are checking into the newest hotel atComcast's(NASDAQ: CMCSA)Universal Orlando resort this morning. There's a lot riding on the first phase of Universal's Endless Summer Resort. The Surfside Inn and Suites tower opening today will add 2,000 rooms and two-bedroom suites, doubling in size when the adjacent Dockside Inn and Suites tower opens in the springtime of 2020.
It took two decades for Comcast to build up its on-site lodging options from zero to six hotels offering 6,200 rooms. This resort -- while technically just outside of the current resort -- will push availability north of 10,000 by next year. It's not the only reason why today's new resort is a game changer for Comcast as it tries to close what is now a widening gap with larger nemesisDisney(NYSE: DIS).
Image source: Comcast's Universal Orlando.
There are more than 36,000 rooms available at Disney World's on-site resorts, and the vast majority of them are owned and operated by Disney. Universal Orlando has a lot of ground to make up, but its empire went from a sixth of Disney's rooms yesterday to what will be more than a fourth by March of next year.
Comcast's new hotel is about more than just the thousands of families that it can keep close to its theme parks, drumming up incremental turnstile clicks. Universal's Endless Summer resort is located farther out than the six existing hotels, so Comcast is taking a more aggressive approach to pricing. The rooms start at $85 a night during slow season, more competitive with the nearby third-party chains as the rest of the Universal Orlando resorts have triple-digit overnight rates.
The timing of the new hotel couldn't be better. It's been two weeks since Universal Orlando introduced Hagrid's Magical Creatures Motorbike Adventure, a ballyhooed story coaster that's beena downtime disasterbetween mechanical breakdowns and weather delays. Comcast is also coming off a quarter in which its theme park revenue posted a rare year-over-year decline. The new hotel is naturally opening too late to juice up the second quarter, but it will be available for the entire third quarter.
Theme parks aren't a big part of Comcast's business right now. The segment accounted for just 6% of last year's revenue mix and 8% of its adjusted EBITDA. However, given the hazy long-term sustainability of its flagship cable television service business, there should be a lot more on the shoulders of Comcast's other segments. It also only helps that the Universal Studios theme parks are great outlets to promote Comcast's catalog of Universal, NBC, and DreamWorks Animation content.
It also only helps that Universal Orlando is widely expected to announce plans for a major theme park expansion on thelarge tracts of nearby landthat it has been acquiring. The new area -- roughly the size of its current resort -- is actually closer to Universal's Endless Summer Resort than the on-site hotels. Theme parks will be a bigger part of the picture at Comcast, and today it has 32% more rooms to offer overnight guests at Universal Orlando than it did on Wednesday.
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InvestmentPitch Media Video Discusses Alliance Growers' Farm-In Agreement to Acquire 10 Acres of Medical Cannabis Grow Operations in East Africa - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2019) - Alliance Growers Corp., (CSE: ACG) (OTCQB: ALGWF) (FSE: 1LA) is in advanced discussions for a farm-in agreement with a private company that will cultivate and exclusively process, package and export all CBD, medical cannabis, extracted oils and related pharmaceutical products in an east African country.
The farm-in agreement, covering an initial 10 leased acres, will require an estimated investment of CDN$1,603,000 over the first full year of cultivation to produce an estimated annual net return of CDN$5,110,000 based on current forecasted costs and European Union sales prices.
For more information, please view the InvestmentPitch Media "video" which providesadditionalinformation about this news and the company. If this link is not enabled, please visitwww.InvestmentPitch.comand enter "Alliance Growers" in the search box.
Cannot view this video? Visit:http://www.investmentpitch.com/video/0_lf8fzxad/Alliance-Growers-to-acquire-10-acres-of-medical-cannabis-grow-operations-in-East-Africa
Dennis Petke, President and CEO, stated:"Alliance, as a diversified global medical cannabis company, has been reviewing and performing due diligence on multiple international medical cannabis opportunities over the last two years. This is the first opportunity that met all the criteria: low cost jurisdiction, partners on the ground, an expert in the application and approval for German certification of medical cannabis and a ready market in Germany. The opportunity to manage the operation with a local group who have the required expertise and experience to develop a cannabis operation in one of the lowest-cost environments, coupled with an ideal climate makes this opportunity ideal for Alliance Growers. We thank our many loyal shareholders for their support and patience as we execute on our business plan in a very volatile cannabis market."
The private company has a specific target of being the lowest cost, highest volume, quality certified raw material producer from Africa to the European Union medical marijuana market. Management states that the locations are ideally situated close to the equator with the requisite sunshine and rainfall, tested and suitable soils, along with a readily available supply of water. Most importantly, it has an off-take agreement with its German partners for the planned acreage and the resultant supply.
Further information will be supplied upon signing of the definitive agreement, which the company anticipates will be signed within 4 weeks upon completion of due diligence and approval by regulatory authorities.
Alliance Growers continues to work with Pharmagreen Biotech (www.pharmagreen.ca) to jointly develop and operate a 63,000-square foot Cannabis Biotech Complex, to be the first of its kind in Western Canada to house a DNA Botany lab, CBD extraction facility and Tissue Culture Plantlet Production facility to service both the Cannabis and general agriculture markets. The facility is being developed on a 26-acre parcel of land in Deroche, British Columbia, approximately 110 kilometres east of Vancouver.
For more information please visit the company's websitewww.alliancegrowers.com, contact Dennis Petke, President and CEO, at 778-331-4266, or emailDennisPetke@alliancegrowers.com.
About InvestmentPitch Media
Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
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InvestmentPitch MediaBarry Morgan, CFObmorgan@investmentpitch.com
To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/45937 |
Film Review: ‘Spider-Man: Far From Home’
Click here to read the full article. As the first movie in the Marvel Cinematic Universe to be released after the shoot-the-works finale of the “Avengers” saga, “ Spider-Man: Far From Home ” gets to test-drive a crucial question of blockbuster culture, if not movie aesthetics: What does it feel like to watch a Marvel film in a post-Avengers world? Is there anything at stake left? There has, on occasion, been something at stake in a Marvel movie (“Iron Man,” the first two “Captain America” films, “Black Panther,” fill in your quirky favorite), yet rarely does it have much to do with how the end of civilization looms up in these movies. It has to do with that mysterious, hard-to-bottle chemistry of audience and superhero — the flow of actor, character, mythology, and FX concept as they merge and navigate a universe of eye-widening hermetic excitement. On that score, “Far From Home” takes a quantum leap — or maybe just a spider swing — over the first Peter Parker film in the MCU, 2017’s “Spider-Man: Homecoming.” (Many out there were fans; I was mixed .) Related stories 'Spider-Man: Far From Home' Reviews: What the Critics Are Saying 'Spider-Man's' Zach Barack Opens Up About Being Marvel Studios' First Openly Transgender Actor 'Stuber' Tops Studios' TV Ad Spending The key to the new movie’s appeal, apart from the fact that Tom Holland acts with far greater confidence and verve in the title role, is that the entire film is a bit of a fake-out, and I mean that in a very positive way. There’s a good twist, and it’s totally central (I won’t reveal it), but what’s resonant about it is that it enables “Far From Home” to play around with the very issue of what matters in a superhero movie. Peter, now 16, is about to embark on a class trip to Europe — an educational jaunt through several classic locations, which he’s looking forward to mostly as a chance to woo MJ, played by Zendaya as a girl so sharp and tough and knowing that she’s not going to give her heart to just anyone, or maybe anyone at all. Zendaya is sly enough to play attitude as armor; we see the cool and the cover-up. The plane ride over to Venice is a mini cheeseball rom-com in which Peter, seated rows away from MJ, has to watch her connect with Brad Davis (Remy Hii), a kid in his class who aged five years during “the blip” — the murder of half the human race, and the reinstatement of same, that the last two “Avengers” movies were about. He’s now a ripped and handsome dude who’s become Peter’s rival for MJ’s affections. Story continues At heart, it’s all very teen-movie standard, as is the over-the-top joke of a nattering nerd like Ned (Jacob Batalon) and a Betty like Betty (Angourie Rice) calling each other “babe” by the end of the plane trip. The superhero element is that Peter has been given an invaluable gift by his late hero and mentor, Tony Stark — it’s Tony’s tinted glasses, which when you put them on speak to you in a Siri voice named Edith, which commands a multi-tracked intelligence system worth billions of dollars. When Peter, in a semi-inadvertent act of passive aggression, uses Edith to call forth a drone to attack Brad during a bus ride, it’s a lethal joke, but it’s also a sign of how powerful Edith is. In Venice, Peter and his high-school chums are confronted by what is showcased as the film’s apocalyptic villains: a series of humongous FX creatures known as the Elementals, who come from another world, or from the elements (or something), and take the form of a water monster made entirely of surging, crashing waves that rise up out of the city’s green canals and destroy everything around them (the damage done to Venetian architecture — bridges, church towers — makes the collapsing Venice building at the climax of “Casino Royale” look like a fallen shingle), and then, in Prague, a spectacular beast of roaring fire that looks like the spectacular beast of roaring fire we’ve seen in a dozen other movies. But there’s also a new hero on hand: Quentin Beck, played by Jake Gyllenhaal as an eagle-eyed evil-fighter who wears a helmet that resembles a fish bowl (or maybe a snow globe) filled with gas. Quentin shoots out a welter of iridescent green lightning that looks like the most awesome visual effect of 1982, and after Peter and his pals nickname him “Mysterio” (based on Italian news reports about his exploits), the name sticks, and he takes Peter under his wing. There’s a touching moment between the two when Peter asks Quentin to try on Tony’s glasses, and the older crime-fighter, with his beard and raffish grin, suddenly bears a remarkable resemblance to Tony. Quentin, it turns out, isn’t quite what he seems, but that’s a routine twist. The real twist is that reality, in “ Spider-Man: Far From Home ,” isn’t what it seems. Peter, who tries to hide the fact that he’s Spider-Man by donning a black ninja version of his costume (inspiring Europeans to call him “the Night Monkey”), is fighting a magic trick of evil. It’s as if he’s in a matrix he has to unplug from — and when he does, the film almost seems to be commenting on the fanciful essence of comic-book cinema. Mysterio, beneath his powers, turns out to be a kind of flimflam visual-effects wizard. But is this a meta statement on the genre or just a neat way of pulling the rug out from under us? It’s mostly rug-pulling, though of a deft and satisfying sort. The most recent “Spider-Man” movie, the animated “Spider-Man: Into the Spider-Verse,” was a head-spinning piece of pop art, and there are moments when this one echoes its playful and layered spirit, though to less visionary effect. Yet the director, Jon Watts, returning from “Spider-Man: Homecoming,” doesn’t just rehash the standard sticky-web flying theatrics. (This is the eighth “Spider-Man” movie; we’ve been there, spun that.) He pits Spider-Man against a drone army of illusion, a one-way mirror controlled by a button. There is, the more you think about it, a logical glitch built into the premise (is actual destruction being done? and if so, how?), yet the movie spins you past it. Gyllenhaal’s performance, which starts off a bit dorky, turns into a knowing piece of satire, and though Holland, in his boyishly appealing away, still comes uncomfortably close at times to suggesting the second coming of Patrick Dempsey, he plays Peter as an instinctive but reluctant hero whose doubts about his ability to live up to the role that Nick Fury ( Samuel L. Jackson ) has chosen for him evolve into a genuine inner conflict — he’s torn between viewing himself as the boy he is and growing up a lot faster than he’d like to. Where does “Far From Home” fall on the scale of “Spider-Man” movies? It’s more urgent than the last one (and should be even bigger at the box office), with a richer sense of malevolence, and Holland’s kid-in-over-his-head hero — awkward and ingenuous, romantic and quicksilver — is alive inside in a way that Andrew Garfield’s Peter never was. “Far From Home” gets closer, in spirit, to the good Tobey Maguire films. (It has a kiss worthy of the first “Spider-Man.”) By the end, this Spider-Man really does find his tingle, yet coming after “Into the Spider-Verse,” with its swirling psychedelic imagery and identity games and trap doors of perception, “Spider-Man: Far From Home” touches all the bases of a conventional Marvel movie. It doesn’t take you out of this world. But it’s good enough to summon the kick — or maybe just the illusion — of consequence. Sign up for Variety’s Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . |
Galaxy Digital Leads $5.5 Million Round for Contract Management Startup
Digital contract management startup Clause has raised $5.5 million in a Series A round led by crypto merchant bank Galaxy Digital.
The funding round also saw investment from electronic signature pioneer DocuSign and Galaxy Digital’s EOS Venture Capital Fund, which is backed by EOS blockchain maker Block.one and other investors.
Founded in 2016, Clause offers blockchain-based solutions to facilitate the creation, storage and maintenance of digital contracts for businesses. However, it also offers clients these same services independent of blockchain technology – by using existing platforms such as Stripe or PayPal.
Related:US State of Nevada Passes Flurry of Blockchain Bills
“Clause is a system that doesn’t rely on a particular blockchain,” the company’s founder and CEO, Peter Hunn, told CoinDesk, adding:
“It’s blockchain-agnostic and also blockchain-independent. What we mean by that is you can run Clause without the blockchain infrastructure at all. You could just have a contract that you sign using an e-signature service that then initiates a payment through Stripe or PayPal that you connect to that agreement.”
At the same time, Hunn says there are several unique benefits to facilitating digital contract execution on a blockchain. Namely, using a blockchain creates immutable audit trails for contract performance.
“One of the biggest problems with contract management today is that you really have no visibility into the events that occur under a contract after the point of signature,” Hunn said. “You really only have a record of the agreement at the point of signature. You don’t have a record of these post-signature events and that creates a lot of transaction costs.”
Related:‘Monopoly’-Style Blockchain Property Trading Game Raises $2 Million
Today’s announcement of Clause’s Series A is not the first major fundraising round for the company. Back in 2017, the startup raised just over $2 million from lead investorsBN Capital at Lerer Hippeauand London-based Seedcamp, which both participated again in the Series A.
Galaxy Digital’s Greg Wassermanand Mike Dinsdale will both be joining Clause’s board of directors.
“They both bring a wealth of enterprise experience,” Hunn told CoinDesk. “[Their] experience is very useful for Clause as it begins to grow into a much larger organization.”
Looking ahead, Hunn said the partnership with DocuSign will lead to new features.
Said Hunn:
“One of the big innovations we’re working on with DocuSign is the ability to extend DocuSign functionality from not just e-signature but also to perform other events you may want to do within DocuSign [natively].”
CEO Peter Hunn image courtesy of Clause
Correction (June 27, 2019 19:30 UTC):Peter Hunn clarified that Clause was founded in 2016, not 2015.
• Budweiser Owner Invests in Blockchain Startup Working to Alleviate Poverty
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Is the Housing Market Ready to Heat up Again?
This article was originally published onETFTrends.com.
Summer has arrived and that could mean a boost in real estate activity as prospective buyers, especially parents, look for homes ahead of the start of the new school year in the fall. A rise would be a welcome sign given that home prices have been on a downward slide for the last 13 months, but that could all change soon
"According to the latest S&P CoreLogic Case-Shiller National Home Price Index, home prices in the United States grew by 3.5% in April," wrote Ralph McLaughlin, Deputy Chief Economist at real estate data company CoreLogic. "This is the 13 th consecutive month of slowing home-price growth, which is now at its lowest level of growth since September 2012. However, there are signs the streak may not last, as half of the 20-cities have reversed course and witnessed a quickening of price increases in April."
A possible price uptick is starting to be felt in the priciest metropolitan areas, which could lead a forthcoming housing heat-up.
"The slide in average home prices for the top 10 metropolitan areas broke its 12-month cooling with an increase of 2.3%, up from the previous month’s 2.2% increase," McLaughlin wrote. "However, the top 20 metropolitan areas cooled for the 13 th straight month, posting a gain of 2.5% year over year, down from 2.6% in March. Just 10 of the top 20 metropolitan areas reported lower price increases compared to the previous month, with the other half of the metros actually experiencing a pickup in their home price appreciation. This is in sharp contrast to March, when 18 of the top 20 saw a decrease from the previous month."
A confluence of rising interest rates and low affordability have made the housing market a challenging space in 2018, but that could all be changing with the NAHB/Wells Fargo Housing Market Index holding steady.
To start 2019, contracts to buy existing homes rose 4.6 percent in January versus December, according to a monthly survey from the National Association of Realtors (NAR). However, contracts were still 2.3 percent lower versus a year ago, which makes it thirteenth straight months of declines annually.
Furthermore, the central bank has been sounding increasingly dovish as of late, which could mean that less rate hikes than anticipated for 2019 and even possible cuts–something that could give additional help to a sector that is in need of a much-needed boost.
ETFs that focus on the real estate market include theVanguard Real Estate ETF (VNQ), which is up 12.63 percent year-to-date based onMorningstarperformance numbers.
For more market trends, visitETF Trends
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Is It Too Late To Consider Buying EnerSys (NYSE:ENS)?
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EnerSys (NYSE:ENS), which is in the electrical business, and is based in United States, saw a decent share price growth in the teens level on the NYSE over the last few months. As a well-established company, which tends to be well-covered by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. But what if there is still an opportunity to buy? Today I will analyse the most recent data on EnerSys’s outlook and valuation to see if the opportunity still exists.
View our latest analysis for EnerSys
The stock seems fairly valued at the moment according to my valuation model. It’s trading around 4.33% above my intrinsic value, which means if you buy EnerSys today, you’d be paying a relatively fair price for it. And if you believe the company’s true value is $63.05, there’s only an insignificant downside when the price falls to its real value. So, is there another chance to buy low in the future? Given that EnerSys’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility.
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for EnerSys. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
Are you a shareholder?ENS’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?
Are you a potential investor?If you’ve been keeping tabs on ENS, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on EnerSys. You can find everything you need to know about EnerSys inthe latest infographic research report. If you are no longer interested in EnerSys, you can use our free platform to see my list of over50 other stocks with a high growth potential.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
What is the USDK stablecoin?
Malta-based OKEx has become the latest cryptocurrency exchange to launch its own stablecoin, offering investors another way of navigating the volatile crypto market. OKEx claims the US dollar-pegged stablecoin, called USDK, will help to overcome some of the challenges associated with third-party auditing in the crypto market, thereby boosting transparency among the public. Before we take a look at how it works, here’s a reminder of what stablecoins are. What are stablecoins? Stablecoins are a type of cryptocurrency that are designed to be immune from market volatility, making them a more useable form of payment than traditional crypto. The value of stablecoins is pegged to other assets that are deemed stable, such as fiat currency or commodities like gold. There are also stablecoins that are governed by internal protocols that try to stabilise the coin every time there is a market fluctuation. Stablecoins offer the transparency, security, and privacy of a digital asset combined with the stability of a traditional currency. What is the USDK stablecoin? USDK is an ERC-20 stablecoin co-launched by OKEx’s strategic partner OKLink, a blockchain technology company, and Prime Trust, a US-licensed trust company. OKLink is the technology service provider behind the USDK smart contract, while Prime Trust is providing anti-money laundering and KYC (know your customer) services. The USDK stablecoin is listed on OKEx’s fiat-to-token trading platform against six fiat currencies (CNY, VND, GBP, RUB, EUR, and TRY), as well as its spot trading platform with 11 trading pairs. Every USDK is backed by 1 USD from the Prime Trust Special Account. There is a guaranteed 1:1 conversion rate between USDK and USD, meaning its monetary value is 100% reserved. An audit firm is providing monthly reports in an attempt to maximise transparency to the public. Andy Cheung, Head of Operations of OKEx, claimed that with the support of the new stablecoin, the exchange has moved a step forward in its goal of fostering a new blockchain-driven economy that encourages financial inclusion. Story continues “We understand the pains in terms of third-party auditing,” he said. “But with this new launch of a compliant stablecoin, we hope to provide our users a secure and reliable trading experience guaranteed by high transparency and regular audit.” What are the benefits of USDK? One of the biggest draws for investors is likely to be the expertise behind the USDK stablecoin. The fact that it has been developed in partnership with Prime Trust should help to boost the coin’s legitimacy. US-based Prime Trust is one of the trust companies in charge of the escrow accounts that hold the collateral for TrueUSD, another stablecoin. It also enables fiat trading on Singapore-based crypto exchange Huobi. Another factor boosting the coin’s appeal is that OKEx itself is currently the world’s second-largest crypto exchange by adjusted daily trade volumes. OKEx is in the process of developing its own decentralised exchange with its own blockchain, which will be called OKChain. OKChain’s testnet is due to launch later this month. On top of this, there is a guaranteed 1:1 exchange rate between USDK and USD, the smart contract of USDK has passed an audit by Certik and SlowMist, and it has a strong user base, which helps to increase liquidity in the stablecoin market. Monthly audit reports should appeal to investors demanding the highest levels of transparency. Increasing competition OKEx is one of a growing number of exchanges that have decided to launch their own stablecoins. Tether is the market leader, accounting for 98.7% of stablecoin trading volume, according to a report by Bloomberg. Around 60 stablecoins have tried to take on Tether but have failed to gain much traction At the beginning of June, Malta-based Binance told Bloomberg it would start issuing stablecoins in a matter of weeks. Binance GBP will be denominated in and 100% backed by the British pound. Swiss stock exchange SIX is also developing a stablecoin, which will be pegged to the Swiss Franc. The crypto market clearly recognises the appeal of stablecoins, and with Facebook choosing a stablecoin as its path into the crypto space, there will no doubt be further launches on the horizon. The post What is the USDK stablecoin? appeared first on Coin Rivet . |
4 Times 2020 Candidates Clashed During the Democratic Debate
As 10 of the 20 candidates took to the stage on the first night of the Democratic primary presidential debates Wednesday, there was bound to be some heated arguments among the group of senators, a governor, a mayor, and Congress members.
The debaters largely remained within the time slots set by NBC and MSNBC moderators, but issues like health care, breaking up and regulating big technology companies likeFacebookandGoogle, criminal justice reform, and the continued war in Afghanistan caused some tensions in the crowded field.
New York City mayor Bill De Blasio, former Texas congressman Beto O’Rourke, and former Maryland congressman John Delaney exchanged some tense words on one of the major campaign issues—health care.
O��Rourke was asked by NBC moderator Lester Holt why the candidate once supported a policy replacing private insurance in the U.S. and why he has seemingly back-tracked on that position in his presidential campaign.
While the erstwhile Texas Congressman said “getting to guaranteed, high-quality, universal health care as quickly and surely as possible has to be our goal” he also noted the choice to keep private insurance “is fundamental to our ability to get everybody cared for.”
De Blasio quickly retorted that because of the many expenses on top of premiums: “Private insurance is not working for tens of millions of Americans…How can you defend a system that’s not working?”
O’Rourke replied that people can enroll in Medicare if private insurance does not work for them.
The two kept talking over each other, when De Blasio finally said “you’ve got to start by acknowledging the system is not working for people” at which Delaney entered the fray. He noted, without citing a source, “100 million Americans say they like their private health insurance…I think we should be the party that keeps what’s working and fixes what’s broken” to which the crowd applauded.
O’Rourke squared off again, this time in one of the tensest exchanges of the night, against fellow Texan and former Secretary of Housing and Urban Development Julian Castro on immigration reform—an emotional moment with the recent news ofOscar Alberto Martinezand his nearly two-year-old daughter Valiera drowning in the Rio Grande in an attempt to cross into the U.S.
Castro was the first candidate in the crowded field to put forward a plan back in April and pointed out that he supports decriminalizing border crossings, not just for those seeking asylum in the U.S. because that is legal and requires a person to be on U.S. soil to do so, but “everybody else” as well. He noted O’Rourke does not, which led to the pair’s argument.
“If you truly want to change the system, that we’ve got to repeal that section… then it might as well be the same policy,” Castro said.
O’Rourke retorted: “You’re looking at just one small part of this. I’m talking about a comprehensive rewrite of our immigration laws” and this led to an extended discussion on human and drug trafficking which eventually led Castro to tell O’Rourke to “do your homework on this issue.”
De Blasio and Booker shared an awkward moment on stage as candidates were asked about gun violence given the tragic February 2018 Parkland, Fla., high school shooting took place not too far from where they all stood in Miami.
“Something that sets me apart from all my colleagues running in this race and that is for the last 21 years I’ve been raising a black son in America,” De Blasio said about son Dante as Booker, the only African-American candidate on stage, looked on.
Booker does not have children, but many on social media cringed as they felt De Blasio was saying he was the only one with experience dealing with the disproportionate gun violence faced by young black men just moments after he also touted running the largest police force in the country.
Two candidates who have not been frontrunners made for a surprising exchange toward the end of the debate as candidates were asked about the country’s longest-running war in Afghanistan. Members of Congress Tim Ryan of Ohio and Tulsi Gabbard from Hawaii, who has been widely criticized for her meeting with Syrian leaderBashar al-Assadand support of Hindu nationalists in India, were some of the few to discuss the pressing foreign policy issue.
Ryan argued the U.S. needs to “stay engaged” in Afghanistan after 18 years because if not the Taliban terrorist group would commit “bigger, bolder terrorist attacks.” Gabbard, a veteran, said “the Taliban was there long before we came in and they will be there long after we leave. We cannot keep U.S. troops deployed to Afghanistan thinking that we’re going somehow squash this Taliban,” before she was cut off by Ryan.
“When [the U.S.] weren’t in there, [the Taliban] started flying planes into our buildings,” Ryan incorrectly said, after which Gabbard corrected him and noted al Qaeda did so. Gabbard did not explain, however, that the Taliban did harbor Osama bin Laden for a time after the attacks.
—5 things to watch for onnight 2of the Democratic presidential debate
—What the2020 Democratic candidates didn’t sayduring the first debate
—Elizabeth Warrenholds her own as lesser-knowns break out in first debate
—Julián Castrobreaks out in a debate defined by border policy and immigration
—Can socialism win in 2020?Democrats aren’t embracing it |
7 Things That Always Go on Sale on the Fourth of July
After youve spent time relaxing and lounging by the beach/pool/fire pit over the holiday weekend, youve got some shopping to do. And why wouldnt you? Aside from Memorial Day, the Fourth of July may be the very best holiday to maximize deals and savings on everything from mattresses to that new washer/dryer youve been angling for. RELATED: 7 Things That Always Go on Sale in July Mattresses The Fourth of July is one of the few weekends each year when sales on beds tend to skyrocket. And a lot of big-name retailers will be offering more than just cash savings or a percentage off. Expect to see free giveaways on everything from fancy pillows to box springs and bedding. Home Goods Nows the time to peruse serving dishes (including that red, white and blue entertaining platter youve been eyeing) from retailers such as Macys and Wayfair for a significant discountsometimes as much as 40 percent off. But it doesnt stop there: Youll also see price cuts on additional home entertaining essentials like wine glasses, knife sets and place settings. Appliances Sadly, this is not the time of year to invest in a grill. (It is peak season, after all.) Instead, replace or upgrade indoor appliances like your refrigerator, stove or that washer/dryer that has seen better days. In fact, a lot of retailers amp up their rebate offers and alluring deals such as buy one, get one half off during this time. (Lowes is even offering gift cards up to $600 if you buy two or more major appliances at once.) Womens Clothing Think of July as the Holy Grail for any and all summer-centric items (from sundresses to flip-flops). As a result, retailers like J.Crew, Anthropologie and Gap offer massive mark downsas high as 50 percent off everything in stock. The reason? Fall merchandise is coming, as premature as that feels and sounds. Maximizing the long weekend by offering savings is a great way to make room for all those wool sweaters and leather boots. Story continues Kids Clothing Ditto attire for the baby, toddler, preschool, even pre-teen set. Still havent bought a bathing suit for your two-year-old? This is the perfect weekend to investand save. Hiking Gear Yep, as counterintuitive as it sounds, a lot of stores begin offering nominal discounts on backpacks and sleeping bags to give sales a boost as the camping season kicks off. Of course, if you can hold out until the end of the month, savings should only increase, but starting during the Fourth of July weekend, youll be able to snag at least 15 percent off some trail-ready wares. Hotels and Car Rentals Its the long weekend and you forgot to make plans? Oops! Luckily, you can still cash in, thanks to sites like Hotels.com and Hertz that offer patriotic savings, based on availabilitysometimes as much as 20 to 40 percent off. RELATED: 13 Things That Go on Sale Every Summer |
The Streaming Wars Are Increasingly Targeting Talent
We're still in the early stages of the streaming wars, and the number of combatants seems to increase daily.Netflix(NASDAQ: NFLX),Amazon.com's Prime Video, and Hulu -- which is controlled byDisney(NYSE: DIS)-- are widely regarded as the leaders in the space, but the competition is increasing.Comcastunit NBCUniversal willlaunch a steaming serviceearly next year, and Disney+ will roll out in November, as just some of the most recent entrants into the fray.
While programming seems to get the majority of the coverage, an increasing number of skirmishes are being waged to acquire the top content creators and executives in the industry.
Streaming companies are poaching top Hollywood execs. Image source: Getty Images.
Earlier this month, Netflix announced it had entered into a landmark multiyear deal with best-selling author, producer, and director Janet Mock. The television creator is best known for her work onPose, the groundbreaking FX series about the LGBTQ ball culture in New York, circa 1987. Mock wrote, directed, and produced the Ryan Murphy-created show. Murphy is know for such groundbreaking fare asAmerican Horror Story,Glee, andNip/Tuck.
Mock will collaborate with Murphy, whojoined Netflix last year, and serve as an executive producer and director on Netflix's upcoming seriesHollywood. Mock will produce new series for Netflix, and the deal gives the company a first-look option for upcoming film projects. Netflix said Mock will continue her work onPose.
This is just the latest in a string of deals Netflix has penned in recent years to secure the services of some of television's top talent. In addition to its deals with Mock and Murphy, Netflix also bagged noted writer, producer, and hit-maker Shonda Rhimes, who left a top position at ABC after creating some of television's most critically acclaimed hits, includingGrey's Anatomy,Scandal, andHow to Get Away with Murder.
Netflix recently tapped Fox exec Spencer Klein as its director of theatrical distribution. In his role, Klein will be charged with handling the release of Netflix's award-worthy films in theaters. This is an important area for the company, as the coming year will see the rollout of Martin Scorsese'sThe Irishmanand Steven Soderbergh'sThe Laundromat, two of Netflix's highest-profile and most buzzworthy projects. Klein has been in the industry for 20 years, recently overseeing theatrical releases of Fox movies in North America.
It isn't just Netflix that's stealing talent. In a sign of the growing appetite for talent in the streaming space,Apple(NASDAQ: AAPL)poached former Disney exec Chiara Cipriani as its director of video services. Before being hired by the iPhone maker, Cipriani had worked for the House of Mouse for more than a decade, most recently helping with the launch of its Disney+ service. This move probably signals that Apple is bulking up its staff for an eventual international debut for itsApple TV+ streaming service.
Image source: Getty Images.
Disney announced earlier this week that it had poached Netflix exec Matt Brodlie to join Disney+ as senior vice president of international content development. Brodlie will be charged with developing the platform's content strategy for markets outside the United States. While at Netflix, Brodlie acted as director of original film and was one of the principal architects behind the company's successful string of romantic comedies, includingSet It Up,To All the Boys I've Loved Before,Ibiza, andSierra Burgess Is a Loser. Brodlie also acquired several award-winning movies for Netflix, includingRomaandMudbound. Roma went on towin three Academy Awardsfor the streaming service.
Disney previously lured away Netflix executive Tehmina Jaffer to act as a VP for its direct-to-consumer and international segment. While at Netflix, Jaffer was director of original series and worked on business strategies for such hits as13 Reasons Why,Narcos, andManiac.
There's a large and growing trend away from traditional television, as viewers increasingly embrace streaming, so the the job-hopping will only get worse. The global video streaming market is expected to top $124 billion by 2025, expanding at a compound annual growth rate of nearly 20%, according to Grandview Research.
With that much at stake, you should only expect the skirmishes to intensify.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.Danny Venaowns shares of Amazon, Apple, Netflix, and Walt Disney and has the following options: long January 2021 $85 calls on Walt Disney. The Motley Fool owns shares of and recommends Amazon, Apple, Netflix, and Walt Disney. The Motley Fool has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple. The Motley Fool recommends Comcast. The Motley Fool has adisclosure policy. |
Jon Watts on why 'Spider-Man: Far From Home's coolest montage was cut from the film (exclusive)
Spider-Man looks for his missing montage (credit: Sony Pictures) As anyone whos so hyped for Spider-Man: Far From Home theyve watched the trailer on a loop a thousand times will be able to tell you, the film features a sequence where Peter takes on a bunch of gun-wielding gangsters in a restaurant at one point. Except, it doesnt - the scene isnt actually in the final film. We took the opportunity to ask director Jon Watts why such a big set piece got cut, getting a pretty sweet scoop in the process. BE WARNED - OUR SPOILER SENSE IS TINGLING Its funny, because that seems like a big important scene, Watts tells Yahoo Movies UK. But it was just part of this montage of the things Peter has to do before he goes on his trip. It included him going to Delmars Deli which was blown up in Homecoming , which has since been rebuilt, so he could buy a dual headphone adapter for MJ on the plane. Peter checks off the final thing on his list (credit: Sony Pictures) He had to get one of those foreign travel plugs, he had to go to a pawn shop to sell his Star Wars action figures so that he would have enough money to buy MJ that necklace, and he had to go pick up his new passport, because probably after the blip everyone would need a new passport as everyones ages would be weird. Then the last thing on his list was to take down this giant crime organisation. So it was just a checklist of things to do. Thatll be on the Blu-ray and the digital release, we turned it into this little short film. It was just one of his errands (laughs). We went into a deep dive on Far From Home (well, as deep as we could go without spoiling any of the twists and turns of the plot) with Watts - discussing everything from Uncle Ben, to the Spider-Verse , to Venom . You can read the full interview below. Yahoo Movies UK: Homecoming had six writing credits, and Far From Home has just two - What was the difference between writing the first one and writing this one? They say you have your whole life to write your first album, and then
Jon Watts attends the Premiere Of Sony Pictures' "Spider-Man Far From Home". (Photo by Frazer Harrison/Getty Images) I say that all the time, about writing sequels - then youve got six months to write the second one, right? Story continues Exactly. For this one, it just made more sense now that we had established the tone and knew the characters, to just have two guys dedicated to writing the pages and wed all work together in the room to crack that outline and figure out all the story points. But because we had to go right into prep and right into scouting, we just had them dedicated to writing pages. Read more: Tom Holland threatens autograph hunters who were crushing girl There was less exploration than on the first film, where we were essentially starting from scratch and trying to rebuild Spider-Man. So it was more helpful to have additional voices on the first film, but on this one it was much more efficient to stick with Chris McKenna and Erik Sommers. There was a sequence in the trailer where Spider-Man takes on some gangsters in a restaurant, but obviously that wasnt in the final film. Why was it cut? Spider-Man: Far From Home (Sony Pictures) Its funny, because that seems like a big important scene
Yeah, exactly. ...But it was just part of this montage of the things Peter has to do before he goes on his trip. It included him going to Delmars Deli which was blown up in Homecoming , which has since been rebuilt, so he could buy a dual headphone adapter for MJ on the plane. He had to get one of those foreign travel plugs, he had to go to a pawn shop to sell his Star Wars action figures so that he would have enough money to buy MJ that necklace, and he had to go pick up his new passport, because probably all of your passports would have to be reissued after the blip, as everyones age would be weird. Then the last thing on his list was to take down this giant crime organisation. So it was just a checklist of things to do. Thats great! Thatll be on the Blu-ray and the digital release, we turned it into this little short film. It was just one of his errands (laughs). In the film, Peters mourning Tony Stark - we see that in the trailers - but we didnt see him mourn Uncle Ben in the first film. It also seems like he hasnt learned the with great power comes great responsibility lesson yet, going by the plot of this film. What is Uncle Bens place in this universe and in the MCU? Peter misses Tony Stark in Far From Home (credit: Sony Pictures) We havent specifically said, which is something thats intriguing. I would say that loss is such a big part of Peter Parkers DNA, its one of the defining characteristics, and thats how you get to that famous quote. So, this film was an opportunity for me to tackle that intrinsic concept from the comics, but do it in a different way by using Tony Stark. Its not the exact same thing, but it does let you explore some of those iconic Spider-Man themes through the loss of Tony. In the trailer Peters asked if hes the next Iron Man, it feels almost meta - do you think the MCU needs an Iron Man type character to hinge upon, and will that be Peter? Jon Favreau, Robert Downey Jr., and Tom Holland in 2017's Spider-Man: Homecoming . (Sony Pictures) Thats the question. And I love reading comments, people get so mad sometimes online, saying Youre turning Spider-Man into Iron Man junior! For me, this is all part of the growing process Where youre hoping not that he becomes the next Iron Man, but that he becomes the first Spider-Man. Its what growing up is all about, you start living in the shadows of your mentors and hopefully you find out who you are, and it allows you to separate yourself, and step out of their shadow. What would you say the biggest difference between the MCU Spider-Man and the comics Spider-Man is? Thats a tricky question to answer, because theres been so many versions of Spider-Man in the comics. So, for me, I go back to the very original issues to just remind myself of the things that made Spider-Man so great immediately. Spider-Man was an immediate success, so I just go back to that. Spider-Man: Far From Home (Sony Pictures) Any idea we can come up with, that we can do in a movie, has already been explored in the comics in some capacity, at some point. If you really go in like a researcher and do your homework, youll be Actually, Spider-Man was recruited as a spy and sent to Europe in this particular special issue. Tom Holland has said hed like to do an Into The Spider-Verse style movie with Tobey Maguire and Andrew Garfield, is that something youd like to tackle? Can you imagine how crazy fans would go at that trailer reveal? When you talk about the multiverse, it opens up so many possibilities. Have Jake Johnson in there too, Spider-Ham [laughs]
Id go see it! Fans really want to see Venom and Spider-Man crossover, it feels like it would be a tricky film to get right, as theyre different tonally, what did you think of the Venom movie, and how would you approach combining those two worlds? Tom Hardy attends the premiere of Columbia Pictures' 'Venom' at Regency Village Theatre on October 1, 2018 in Westwood, California. (Photo by Kevin Winter/Getty Images) Id love to see the two Toms together. I dont know if they are that different tonally, actually. The thing that stood out more than anything else in Venom was the humour. Even though it was so dark and twisted, it was so funny! Read more: Tom Hardy confirmed for Venom 2 The director comes from such a great comedy background as well, I think you feel that in the film. So I dont know if it would be that tonally different. I think it would be scary, but it would also be really funny. Tom Hardys performance is so unique, how would you feel about him as an actor, and what would appeal about working with him? I dont know where to begin. I definitely would not cover up his face. I know thats an instinct for many directors, where they cover up his nose and his mouth . Hopefully I can resist that temptation. That would be a bit difficult with Venom though
(laughs) Yeah! Theres been a couple of other Marvel movies this year. How did you feel when you watched Captain Marvel for the first time, and how did you feel when you watched Endgame for the first time? I wasnt as keyed in to everything that happened in Captain Marvel , so I saw that more as an audience member, which was really fun. I was especially intrigued by seeing Nick Furys backstory. It was great to know how that was all fitting in to our film. Because you pitched Nick Fury being in this film a long time ago, didnt you? Spider-Man: Far From Home (Sony Pictures) I wanted Nick Fury to face off against Spider-Man from the very beginning. So the fact we got to see Nick Furys origin story, essentially, in Captain Marvel really helped set up what we were doing in this film. Read more: Spider-Man poster Photoshop fail Endgame I knew everything that was going to happen. The one thing I didnt realise was that, until the premiere, I didnt know that Tony was going to look at that picture of him and Peter with the Stark scholarship, and that was going to be the thing that finally pushed him over the edge to start looking into time travel. So when I saw that, that really hit me. Just how important Peter was to Tony in Endgame, and how important Tonys going to be to Peter in Far From Home . In terms of Phase 4, how many conversations have you had around that, and how far into the future have you discussed? I try to not think about it too much, but I do know that theyre planning some pretty incredible stuff, but Ill wait for Kevin Feige to tell the world about that. Spider-Man: Far From Home is in cinemas from 2 July. |
Attorneys ask court to intervene against U.S. over migrant kids' detention conditions
By Kristina Cooke
June 26 (Reuters) - A 17-year-old Honduran migrant described babies sleeping on a cold floor. A teen mother said her sick baby was unable to open her eyes for two days but no one responded to her pleas for help. Another teenager took charge of a 5-year-old stranger because the small child was very upset and had no one else after being separated from her father.
In filings in federal court in Los Angeles late on Wednesday, attorneys for migrant children asked a federal judge to hold the U.S. government in contempt of court for "flagrant and persistent" violations of the terms of a 1997 agreement that governs the treatment of children in immigration detention. They requested immediate action be taken to remedy the "deplorable" conditions.
The filings, which include dozens of declarations from the children, come after attorneys and doctors last week visited Customs and Border Protection (CBP) facilities in South Texas to monitor compliance with the settlement, known as the Flores agreement.
CBP and Justice Department officials declined to comment on the filings.
The visitors to the facilities found children held for weeks without access to soap, clean water, showers or even a change of clothes, the attorneys wrote. The unhygienic conditions led the flu to spread among the children, who they said were not receiving prompt medical treatment.
The court filings noted that at least six children have died while in U.S. immigration custody or shortly after being released over the past year.
"With each passing day, more hospitalizations are occurring and more lives are at risk," the attorneys wrote.
"Immediate judicial intervention is necessary to compel immediate compliance with the Agreement, end this health and welfare crisis, and prevent more illness and child deaths at the border," the filings said.
The attorneys requested an immediate inspection of the facilities in the Rio Grande Valley and El Paso sectors by a public health expert. They also requested independent medical professionals be given access and that an emergency case management team be dispatched to speed release of children to parents and close relatives.
BROADER CONCERNS
Conditions at the Clint Border Patrol Station outside El Paso, Texas, sparked public outrage last week after the attorneys spoke out about conditions there. The documents filed late Wednesday highlight that their concerns are much broader.
Unaccompanied children - who cross the border alone or who have been separated from an adult they were traveling with - are supposed to be transferred quickly out of border patrol holding facilities and into the care of the Department of Health and Human Services (HHS), which runs shelters for migrant children.
But there are now 178 children in border patrol facilities who have been there longer than the limit of 72 hours, U.S. Rep. Diana DeGette said she was told by HHS on Wednesday.
At the Clint facility, the average length of time children are spending in custody is between six and 10 days, Station Chief Matthew Harris told reporters on Wednesday. Teen mothers often stay longer, up to two weeks, because they are harder to place in HHS shelters, he said.
President Donald Trump has made cracking down on immigration a centerpiece of his administration, arguing that the nation's policies are too lax and filled with loopholes. But officials have struggled to handle a surge in mostly Central American families and unaccompanied children arriving at the U.S.-Mexico border, many of them claiming asylum.
The administration is working on a regulation that would supercede the Flores settlement, which puts restrictions on the length of time children can be detained and the conditions they can be held in.
Migrant advocates say in their filings that the government already is breaching the settlement.
One 16-year old mother from Honduras described her 8-month-old baby vomiting and suffering diarrhea while not being taken to see a doctor.
"My baby daughter has not had medicine since we first arrived," she said in her declaration.
Many babies were not provided with appropriate food, while parents of infants drinking formula "reported having no ability to wash the bottles," wrote Dr. Dolly Sevier, who visited the Ursula border processing facility in McAllen, Texas.
Children described inconsolable younger children who were separated from parents or other caregivers at the border.
"There are little kids here who have no one to take care of them, not even a big brother or sister," one 11-year old boy said. "Some kids are only 2 or 3 years old and they have no one to take care of them." (Additional reporting by Julio-Cesar Chavez in Clint, Texas; Editing by Julie Marquis and Bill Trott) |
UPDATE 1-U.S. tells NATO it wants to avoid war with Iran -diplomats
(Adds quotes, details)
BRUSSELS, June 27 (Reuters) - Acting U.S. Defense Secretary Mark Esper told NATO allies on Thursday that Washington did not want to go to war with Iran but also could not tolerate any further incidents, according to allied diplomats present.
Speaking to NATO defence ministers in a closed-door session, Esper said the United States held Iran responsible for attacks on two oil tankers in the Gulf of Oman but did not want the situation to escalate.
"His first words were: we don't want to go to war with Iran," one diplomat said. "Esper also made clear that this is about the limit (of what the United States will tolerate from Iran), that nothing more should happen now," a second diplomat said.
NATO Secretary-General Jens Stoltenberg told a news conference after the meeting: "One important message is that the United States has so clearly stated that they don't want a war. They actually said very clearly that they are ready to talk with Iran without a precondition."
A week after U.S. President Donald Trump called off air strikes on Iran minutes before impact, European defence ministers led by France sought to use their first formal NATO meeting with Esper to cool the confrontation between Washington and Tehran, diplomats said.
Some five NATO countries spoke after Esper in the NATO meeting. French Defence Minister Florence Parly told Esper not to involve the NATO alliance in any military mission in the Gulf. Together with Germany and other European allies, France also made a plea to uphold the 2015 nuclear accord with Iran.
Turkey told Esper that "dialogue was better than sanctions" with Iran, and several other defence ministers including Germany's said they would do everything possible to avoid an escalation.
"The French were very clear and very comprehensive: Yes, we have seen what happened, they said. But they also signalled that it was up to both sides to deescalate," the diplomat said.
Esper did not present any new intelligence to the room. However, NATO countries now have shared intelligence showing it is highly likely the tanker attacks were carried out by Iran, or militia linked to Tehran, diplomats said. (Reporting by Robin Emmott and Sabine Siebold; ; editing by John Stonestreet) |
Dozens of drivers get stuck in mud after Google reroutes them down dirt road
Dozens of cars got stuck in mud after being rerouted by Google Maps to an obscure road near Denver International Airport. After a car crash caused long traffic wait, Google's GPS app rerouted some drivers to East 64th Avenue in Aurora. This new route was supposed to take half the time. The first few minutes on the road were fine, but then, 64th Avenue turned into a dirt road. After a few days of rain, the road had become mud. When Connie Monsees, who was going to pick up her husband at the airport, saw dozens of cars stuck one after the other, not able to move, it was already too late. the road is narrow, so there was no turning back. "That's when I thought, this was a bad idea," Monsees told ABC7NY . She has all-wheel drive, so she was one of the lucky ones able to make it out the mud. She took with her two people who asked for a ride. “I tore up the inside passenger wheel well for my tire, but it’s not that big of a deal compared to some other people who really tore their cars up and got themselves stuck out there,” she said. According to ABC7NY, the road is privately-owned and maintained. Following the incident, the road was closed to the public. It's unclear why the GPS redirected the cars on that road. |
Jess Glynne confesses 'I did party with the Spice Girls' as she cancels more shows
Jess Glynne on stage during Capital's Summertime Ball on Saturday June 8, 2019. (Credit: Isabel Infantes/PA Wire) Jess Glynne has admitted she did have a night out with The Spice Girls the night before she pulled out of the Isle of Wight festival, as she announced she has ruptured a vocal chord. The Ill Be There singer - who came under fire last week for pulling out of the festival just minutes before she was due on stage amid reports she had been partying with The Spice Girls the night before - has cancelled all her live performances for the next two weeks. Glynne, 29, revealed she has been diagnosed with a haemorrhaged vocal chord and claimed a doctor has advised her to remain in total silence for the next 10 days if she wants to carry on a career as a singer. Read more: Jess Glynne receives lifetime ban from Isle of Wight festival In a message posted on Twitter she said: It is true that I went out and celebrated the end of the Spice World tour. pic.twitter.com/gU47I6vurs Jess Glynne (@JessGlynne) June 27, 2019 That was a massive high for me and I wanted to mark it with the women whod become friends and mentors to me. Glynne told fans: It absolutely kills me to say this - especially given what has happened in the past few weeks - but on the advice of my vocal surgeon, I am going to have to cancel my next shows through until July 14th. She explained: My surgeon told me my vocal chord has haemorrhaged and that if I wanted to remain as a performer I needed to urgently take a break, rest my voice completely for the next 10 days and try and remain in total been completely overdoing everything. The Dont Be So Hard On Yourself singer had been due to play a Forest Live gig in Sherwood Pines, Nottingham on Friday June 28th and another in Dalby Forest, Yorkshire on the 29th. She has cancelled performances at Cannock Chase Forest in Staffordsire on July 5th and at Stadiwm Zip World in Colywn Bay, Wales on July 7th. Story continues Read more: Mental health charities speak out in support of Jess Glynne Her shows at Kew the Music in Londons Kew Gardens on July 10th and the TRNSMT festival in Glasgow on Sunday July 14th are also cancelled. Glynne supported The Spice Girls on their 13 dated Spice World reunion tour which culminated at Londons Wembley arena on June 15th. View this post on Instagram A post shared by Jess Glynne (@jessglynne) on Jun 25, 2019 at 12:43pm PDT The next day she was due to perform at The Isle of Wight festival but pulled out minutes before claiming she felt weak and full of anxiety. However reports emerged that she had partied with the Spice Girls until 7am that morning. pic.twitter.com/iT2BLgZ7ic Jess Glynne (@JessGlynne) June 17, 2019 She has since been handed a lifetime ban from the festival. Organiser John Giddings had to break the news to the audience, and has since confirmed that the singer will never be booked to play the Isle of Wight again. |
‘TOWIE’ star Sam Faiers is seeking therapy to stop her pulling out her own hair
'The Mummy Diaries' star Sam Faiers is looking to cure her Trichotillomania with therapy. (Samantha Faiers/Instagram) The Only Way is Essex star Sam Faiers is seeking therapy in an attempt to cure her Trichotillomania, sources have claimed. The 29-year-old was diagnosed with the hair-pulling disorder when she was just eight-years-old and as a result, has no natural eyelashes. She has previously spoken about how she feels the need to wear false ones whenever and wherever possible. Read more: Sam and Billie Faiers defend breastfeeding and bath photos "Now she has children of her own, she’s determined to seek a cure for her trich as she would be devastated if her children replicated her condition," an insider recently told the Daily Mail . Speaking about her condition on her YouTube channel back in 2016, Faiers said that she believes it was her stepdad, Dave Chatwood, being sent to prison that triggered her symptoms. "It started when I was eight and a friend said to me if you pick out an eyelash, make a wish and it'll come true,” she explained. “As a young girl, it's a fairytale. "In recent years, I've seen a psychologist who specialises in Trichotillomania. The story goes deeper. They take it all the way back to your childhood. "When I was younger my [step]dad went to prison. I was picking out an eyelash and making a wish for him to come home." Faiers has two children. (Photo by Tim P. Whitby/Getty Images for Claire's European Services Limited) Read more: Sam Faiers SHOCKS ‘The Mummy Diaries’ viewers with THIS kiss Faiers and her boyfriend Paul Knightley welcomed their first child together, a son named Paul, in December 2015. In November 2017, Faiers gave birth to their second, a daughter named Rosie. Since becoming a mother, Faiers has been very open about the ups and downs of parenthood on social media, as well as in her and her sister Billie’s fly-on-the-wall series The Mummy Diaries . Just last month, she took to Twitter to announce that the eagerly-anticipated sixth series will air on ITVBe this autumn. |
Pressure BioSciences Enters CBD Market with Launch of Novel Instrument System to Revolutionize Manufacturing of High Quality, Water-Soluble CBD
Purchase Deposits for the New BaroShear K45 System Will be Accepted Immediately;Company Believes Sales into the CBD Market Could Double Current Revenue by Q2 2020
SOUTH EASTON, MA / ACCESSWIRE / June 27, 2019 /Pressure BioSciences, Inc. (PBIO) ("PBI" or the "Company"), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide life sciences industry, today announced the launch of its BaroShear™ K45 system based on the Company's proprietary Ultra Shear Technology™ (UST™) platform. The BaroShear K45 system is a unique and powerful next generation nanoemulsification system designed to fix one of the most critical problems facing CBD manufacturers today: the extremely poor water solubility of CBD oil.
CBD, a non-psychoactive compound believed to offer powerful health benefits, is extracted from the cannabis plant in an oil. After ingestion, because oils are not well absorbed, most of the CBD is flushed from the body, leaving little of the product to provide its beneficial properties. Because of these solubility issues, many CBD products on the market today contain an inefficient over-abundance of CBD and/or undesirable chemicals to try and improve its solubility in water.
For most oil-based products, the ability to prepare them as nanoemulsions can improve the product's absorption, medicinal benefits, visual appearance, and sensory presentation. Unfortunately, traditional processing methods struggle with this challenge. PBI's patented UST platform uses ultra-high pressure to create extreme shearing forces to make highly stable, homogenized nanoemulsions of materials that normally do not mix, such as CBD Oil and water. To view PBI's UST-processed CBD oil being added to a soft drink, a sports drink, and a beer, please use the following link:PBI UST CBD Video 040219.
Dr. Nathan Lawrence, Senior Advisor to PBI, said: "The unique concept of the BaroShear K45 system is based on PBI's proprietary UST platform. It was designed for the efficient and affordable manufacture of limited quantity oil-based material into high quality, water-soluble nanoemulsions. The BaroShear K45 system uses a custom-designed, highly responsive ultra-high pressure generating subsystem, matched to our patented BaroIsolator™ device and NanoGap™ valve. This allows for the highest effectiveness possible at working pressures up to 45,000 psi. The BaroShear K45 system is ideally suited for processing small amounts (e.g., 50 mL - 2 L) of high value product, such as CBD oil, into nanoemulsions with high yield."
Dr. Bradford A. Young, Chief Commercial Officer of PBI, commented: "Over the past several months, we have spoken with dozens of CBD companies. A common theme has been their desire to develop new and improved delivery methods for CBD and their concern with how best to make stable nanoemulsion mixtures of CBD oil and water. Our new UST platform, the BaroShear K45 system, can help companies make high quality, CBD-based products using physics (e.g. ultra-high pressure) instead of chemistry (e.g. lots of strong detergents). We look forward to helping our customers address the large and growing market for CBD infused foods, beverages, cosmetics and topicals."
The total cannabinoid market is expected to hit$89 billion by 2024 (https://mordorintelligence.com/industry-reports/cannabis-market), with CBD oil-based products being the cornerstone of the non-psychoactive portion of this exploding market. For CBD products commonly consumed orally - including CBD oils in edibles and beverages - absorption is typically below 10% (ERTH 8/28/2018: Water Soluble CBD - The Science of Nanoemulsions and Bioavailability). PBI believes that processing with the UST-based BaroShear K45 system will deliver greatly improved absorption results (potentially as high as 90%) for CBD and other oil-based supplements.
Dr. Keith Warriner, Professor of Food Science at the University of Guelph (Toronto), and a recognized expert in the cannabis industry, commented: "The data I have reviewed to date on UST-generated nanoemulsions of CBD oil are very impressive. Creating nanoemulsions of CBD oil with full preservation of CBD throughout the process, while not generating impurities, remains a significant challenge in the industry. These data indicate that UST can achieve that goal, thereby offering great promise to the future."
Richard T. Schumacher, President and CEO of PBI, said: "The BaroShear K45 system will list for $195,000; we believe that sales of these Systems will become a major revenue-generating part of our business. We will be accepting purchase deposits on pre-sale orders immediately. Based on feedback from potential customers, we believe purchase deposits on instruments from the initial build could start being received by mid-July. We plan to stop accepting purchase deposits on September 30th; however, we will stop earlier if demand exceeds reasonable manufacturing limits."
Mr. Schumacher continued: "We are looking forward to working with the early adopters of this exciting technology platform. Early adopters will be the first to use the UST platform in the CBD field, thus giving them a significant head-start over companies who choose to wait or useother methods. They will always be the first to get full access to new instruments, technologies, and applications that can positively impact the UST platform (a commitment to early adopters). They will also have "most favored nation" pricing for subsequent UST platform systems. Finally, because there is much to learn about CBD formulations and their benefits for various factors, we will be offering collaboration opportunities to the first three groups who submit purchase deposits. This is a very exciting time for the entire PBI Team, and for all stakeholders in PBIO."
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or PCT) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). Our primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired, patented technology from BaroFold, Inc. (the "BaroFold" technology) to allow entry into the bio-pharma contract services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology ("UST") platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., CBD Oil and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing technologies.
Forward Looking Statements
This press release contains forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. In evaluating these statements, you should specifically consider various factors. Actual events or results may differ materially. These and other factors may cause our actual results to differ materially from any forward-looking statement. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
For more information about PBI and this press release, please click on the following website link:
http://www.pressurebiosciences.com
Please visit us on Facebook, LinkedIn, and Twitter.
Investor Contacts
Richard T. Schumacher, President and CEO (508) 230-1828 (T)Bradford A. Young, PhD., MBA, Sr. VP and CCO (508) 230-1829 (F)
SOURCE:Pressure BioSciences, Inc.
View source version on accesswire.com:https://www.accesswire.com/550110/Pressure-BioSciences-Enters-CBD-Market-with-Launch-of-Novel-Instrument-System-to-Revolutionize-Manufacturing-of-High-Quality-Water-Soluble-CBD |
This Niche Small-Cap Pot Stock Just Made a Game-Changing Acquisition
The marijuana industry is transforming before our eyes and quickly maturing into a high-dollar industry, generating close to $11 billion in licensed-store sales in 2018. The duo of Arcview Market Research and BDS Analytics foreseemore than $40 billion in worldwide legal pot revenueby 2024. Furthermore, by the time 2030 rolls around, the legal cannabis industry could be generating a whopping $75 billion in annual sales, according to Wall Street investment firm Cowen Group.
There appear to be numerous ways for pot companies to make money, albeit most of the focus has been on North America and, in general, producing as much marijuana or cannabidiol (CBD) derivatives as possible. This is why top-tier producers likeCanopy GrowthandAurora Cannabishave been awarded the largest and second-largest market caps in the cannabis industry, respectively.
But there are other intriguing ways for marijuana stocks to capitalize on this growth, and niche small-cap companyFlowr Corp.(NASDAQOTH: FLWPF)plans to show investors how.
Image source: Getty Images.
Flowr isn't your typical Canadian grower. Rather than focusing on quantity, like many of its peers, the company's Kelowna campus in British Columbiahas been entirely focused on quality. When the build-out of Kelowna is complete and fully planted, Flowr will likely be generating 50,000 kilograms a year. That's not a lot of cannabis, relative to the more than one dozen individual, joint venture, and royalty players capable of more than 100,000 kilos of annual output at peak production.
But there's a big difference between what Flowr is growing and what the company's peers are able to deliver.
Flowr's use of genetics, and its partnership withScotts Miracle-Grosubsidiary Hawthorne Gardening that has the duo testing lighting, soil, nutrient, and hydroponic solutions designed to improve yield and efficiency, put this company in a class of its own. Flowr is already expected to yield300 grams per square footat Kelowna, which is about three times higher than the expected industry average yield, and has plans to work toward boosting this efficiency to as high as 450 grams per square foot. At 231 grams per square foot,OrganiGram Holdingsis the only major grower even within a stone's throw of Flowr's production efficiency at Kelowna.
Perhaps even more important is the fact that Flowr is focused on producing ultra-premium and premium-quality cannabis. The market will soon be overwhelmed with discount and average-quality cannabis, but competition among ultra-premium developers is minimal. That means strong pricing power, as evidenced by the company'srising per-gram price for dried cannabisin its most recent quarterly report.
Although Flowr does have planned outdoor grow sites at Kelowna, most of which will be used for extraction purposes (e.g., oils, edibles, vapes, concentrates, tinctures, and so on), it's this focus on premium-quality cannabis that separates it from the pack.
Image source: Getty Images.
On Monday, Flowr made its latest niche play -- one that few folks probably saw coming.
The company announced a cash-and-stock deal to acquire the 80.2% of outstanding interest it doesn't already own of privately held, Portugal-based grower Holigen. Flowr initially took a 19.8% stake in Holigen this past December for 6 million Canadian dollars (about $4.55 million).
What makes this acquisition so intriguing is two factors. First, this is all about appealing to an overseas market. Holigen's grow farm is located in Portugal, giving Flowr access to the numerous markets in Europe that've legalized medical cannabis in some capacity. As a reminder, even though the recreational market is much larger than the medical cannabis market, medical pot patients tend to use marijuana more frequently,buy product more often, and are far more willing than adult-use consumers to purchase higher-margin derivatives. That makes focusing on Europe's medical-only market a potentially high-margin venture.
The second factor that makes the transaction exciting is that it technically makes Flowr a major marijuana player. The Aljustrel outdoor-growing facility at Holigen spans 7 million square feet and will be able to produce more than 500,000 kilos of cannabis when fully operational. There are only two companies currently slated to grow more than 500,000 kilos a year --Aurora Cannabis and Canopy Growth-- meaning Flowr is about to join some exclusive company.
Understandably, outdoor-grown cannabis isn't typically high quality, and yields tend to not be as impressive as climate-controlled indoor settings. But ultra-premium quality isn't what Flowr is after with Aljustrel. Instead, the company plans to use most of the crop for its extracts, which can be transformed into high-margin derivative products for the European medical marijuana market.
Image source: Getty Images.
While you might think Wall Street would be thrilled with this deal, it wasn't. And that's because Flowr needs to raise capital to make it happen, as well as complete its Kelowna campus build-out. Just a day after unveiling its game-changing acquisition, Flowr announced a public offering of CA$125 million worth of its stock, with an underwriters' option to purchase up to an additional 15% of the common shares sold. All told, existing shareholders could be looking atshare-based dilutionthat nears 15%, which caused the company's stock to be creamed.
Ultimately, I view Flowr's overseas push as a major positive for the company, although it's unclear just how quickly it'll be able to secure deals in Europe for its derivative production from Holigen. However, the key to success is going to be for investors to have patience. Even though this dual-pronged approach ofpremium-quality flower in Canadaand outdoor-grown cannabis for derivative sales in Europe should be a substantial moneymaker for Flowr over the long run, it's not out of the question that the road to riches could be rocky as the company funds and completes its projects.
More From The Motley Fool
• Beginner's Guide to Investing in Marijuana Stocks
• Marijuana Stocks Are Overhyped: 10 Better Buys for You Now
• Your 2019 Guide to Investing in Marijuana Stocks
Sean Williamshas no position in any of the stocks mentioned. The Motley Fool recommends OrganiGram Holdings. The Motley Fool has adisclosure policy. |
Reports: Celtics emerge as favorites for Kemba Walker over Hornets
Kemba Walker and the Charlotte Hornets have reached a stalemate in contract discussions, and the Boston Celtics have emerged as favorites to sign the All-Star point guard when free agency opens on Sunday, according to multiple reports . The current gap between how much Charlotte is willing to pay and what Walker wants is sizable enough to open the bidding for the 29-year-old’s services to the Celtics, New York Knicks and Dallas Mavericks, per The Athletic’s Shams Charania. Hornets owner Michael Jordan is “no longer willing to extend far enough financially” to retain Walker, who is “increasingly likely to accept” a max deal from Boston when free agency opens at 6 p.m. ET on Sunday, ESPN’s Adrian Wojnarowski reported. The news comes just 48 hours after The New York Times’ Marc Stein outed the Celtics as stealth suitors for Walker. Within hours on Tuesday, The Charlotte Observer’s Rick Bonnell corroborated Stein’s report , and Boston’s pursuit was no longer stealth. The Celtics had joined the Mavericks as Charlotte’s biggest threats. How much does Walker stand to earn? Upon making the third-team All-NBA roster this past season, Walker became eligible for a super-max contract from the Hornets worth $221.3 million over five years. Other teams can offer a maximum of four years and $140.6 million. Earlier this month, Walker told The Athletic’s Jared Weiss that the Hornets were his “ first priority ” in free agency, and soon afterward told reporters at his youth basketball camp that he “ would take less ” than the super-max figure to stay in Charlotte. Will Hornets guard Kemba Walker replace Kyrie Irving on the Celtics? (Getty Images) Given that the Hornets are already saddled with a handful of overpriced contracts, signing Walker to the super-max would put them at risk of paying a luxury tax with no clear path toward contention. Charlotte has missed the playoffs in each of the past three years and has not gotten out of the first round in Walker’s eight seasons. What this would mean for the Celtics If Walker were to head to the Northeast, where he has ties as a Bronx native who won an NCAA championship at the University of Connecticut, it would mark a dramatic turnaround for the Celtics, who just last week learned of All-Star big man Al Horford’s reported plans to join Kyrie Irving in leaving Boston as a free agent. Story continues Barring some serious salary-cap gymnastics, Walker’s arrival would officially spell the end for Irving and Horford in Boston. Horford’s three-year tenure with the Celtics included back-to-back Eastern Conference finals appearances in 2017 and 2018, the second of which came with Irving sidelined in his first season in Boston. The Celtics entered this past season with championship hopes, but Irving’s impending free agency and leadership style cast a shadow over a season that ended in a disappointing second-round playoff loss to the Milwaukee Bucks. Walker, a three-time All-Star and two-time winner of the NBA’s Sportsmanship Award, would bring stability to both the point guard position and locker room. Walker (25.6 points per game on 55.8 percent true shooting last season) would replace much of the shot creation left by Irving (23.8 PPG, 59.2 TS%). The Celtics would hope that Walker’s on-ball efficiency improves with better teammates in Boston, and that he will be more amenable to playing off the ball in coach Brad Stevens’ motion offense — similar to how they used Isaiah Thomas in 2016-17. Over the past four seasons, Walker has averaged 1.14 points per possession on spot-up shooting opportunities, 1.06 points per possession off screens and 1.05 points per possession on handoffs, according to Synergy Sports. By comparison, Irving has averaged 1.14 points per possession on spot-up shots, 1.09 points per possession off screens and 1.01 points per possession on handoffs in that span. Ironically, one of Irving’s public admonishments of the Celtics this season involved Walker. He criticized Stevens’ decision not to trap Walker in isolation, “ like every other team in the league ,” after the Hornets star scored 18 of his game-high 36 points during a come-from-behind regular-season win against Boston in late March. Walker also scored the game high when UConn beat Stevens’ Butler squad in the 2011 NCAA title game, and the allure of pursuing another championship — this time with Stevens in the NBA — is surely part of Boston’s appeal over Charlotte. For the third time in four summers, one of the league’s top free agents would be entrusting his prime years to the Celtics’ ability to pursue an 18th ring with a wealth of young talent, following in the footsteps of Horford and Gordon Hayward. First, though, the Celtics must go about finding a replacement for Horford, the under-appreciated star who defended everyone from Giannis Antetokounmpo to Joel Embiid and served up many handoffs and screens for Thomas and Irving. The current crop of bigs, which includes first-round picks Robert Williams III, Grant Williams and Guerschon Yabusele, is probably still too raw to rely on consistently. In order to create max cap space for Walker, Boston will also have to renounce its rights to restricted free agent Terry Rozier, cutting into the depth behind Walker at point guard. Still, with Walker orchestrating an offense that would also include stud young wings Jayson Tatum and Jaylen Brown, along with a presumably healthy Hayward and All-Defensive guard Marcus Smart, the Celtics should expect to be among the conference’s top teams, especially if Kawhi Leonard heads West. The Celtics would also have the room mid-level exception ($4.8 million annually), a collection of recent draft picks and a lightly protected future first-round selection from the Memphis Grizzlies to shop for a replacement center and guard depth via free agency or a third star in a trade. There would be a roadmap to contention again for the Celtics, which is more than most imagined for them at this time last week. – – – – – – – Ben Rohrbach is a staff writer for Yahoo Sports. Have a tip? Email him at rohrbach_ben@yahoo.com or follow him on Twitter! Follow @brohrbach More from Yahoo Sports: USWNT needs Alex Morgan to step up vs. France Report: Celtics are the favorite to land Walker Sources: Hill meets with NFL over child abuse charges Heath not a fan of European women’s soccer: ‘Boring’ |
Why Night 2 of the Democratic Debate Will Be Much Different Than Night 1
The first 10 Democratic presidential candidates—including thetop-polling candidateof the group, Elizabeth Warren—took the stage Wednesday night for the first of two debates this week. Lesser-known candidates took opportunity to spar over issues like private health insurance and immigration. But as the first Democratic presidential debate on Wednesday may be seen in boxing parlance as the undercard match, Thursday’s highly anticipated matchup will definitely be the main event.
Four of the 10 leading Democratic candidatesin the polls will face off in Miami tonight to these posing issues: Will Bernie Sanders waste no time and go all-in on former Vice President Joe Biden? Will Biden, the early frontrunner, take a “Joe vs. Everybody” mindset to stave off a possible pile-on from the other candidates? Which candidate will be called “too progressive”? And how many times will President Donald Trump’s name be mentioned?
Biden and Sanders, who have consistently polled in the top two spots, will share center stage. Kamala Harris and Pete Buttigieg round out the heavy hitters, leaving six others to find a way to make themselves stand out.
“There’s definitely going to be a Hunger Games-type mentality,” saidDan Sena, former executive director of the Democratic Congressional Campaign Committee. “Each candidate has been cross-training for the moment where they can emotionally connect with Americans.”
Brian Sobel, a San Francisco Bay Area political analyst, agrees. He thinks each of the 10 candidates needs to have standout remarks and a snappy closing to separate themselves from the pack.
“For at least half of them, they have to embody the traits of a viable presidential candidate as there may not be enough time to go after your opponents as you really have to make a case for yourself,” he said.
Besides talking about Trump, the topics of health care, climate change, and immigration will surely be up for debate, Democratic National Committee ChairmanTom Pereztold MSNBC on Wednesday.
“Elections are about the future and what voters want to know is who’s going to have my back on the issues that matter most, and what we’ve seen is that Donald Trump said he was going to have your back on healthcare and other things and he’s got a knife in people’s backs,” Perez said.
Here are five things to watch out for:
Despite leading his fellow 24 Democratic contenders by a comfortable margin in many polls, it won’t come as a surprise if Biden faces scrutiny during the debate. Many, including California Senator Kamala Harris, may confront Biden for his recent controversial comments. Biden said during his six terms as a Delaware senator hedealt with some segregationist Southern Democratic colleagueswhom he didn’t always agree with, but was able to be civil to in order to get things done. Although Biden tried to clarify his comments, Harris and Sen. Cory Booker were among the most outspoken candidates on the issue.
“This could be an early test on whether Joe will be the experienced statesman and the adult in the room, or if this pulls him in with the rest of the candidates because of a generational mindset,” said Sena, referring to a recent “generational change” comment from Pete Buttigieg. “Joe will have to decide who he is.”
Sobel thinks Biden will not play games with the other candidates and will likely stick with, “‘Here’s why I am worthy of being the President of the United States….vote for me.'”
While the Vermont Senator is in second place in most polls (and beating Trump) in others, many wonder how he will respond to sharing the same stage with Biden. Will Sanders go “Full Bernie” at Biden for supporting the Iraq War and free trade deals. Or will Sanders tout himself (and his new plan that would cancel all student loan debt) and seek a moment that could go viral on social media.
“Sanders is going to be Sanders, but he isn’t going to be disorderly,” Sobel said. “He’s got a story to tell, and he’s got his message really honed about taking from the rich and giving to the poor, and health care for all. Sanders has become well-rehearsed. He will stay on point this time around.”
Sena said immigration will lead to several moments for candidates as it will be a chance to attack the Trump administration. The candidates will likely discuss the House of Representatives passing a$4.5 billion border aid bill, and the unsettling images released showing the bodies of immigrants Oscar Alberto Martínez and his 23-month-old daughter, Angie Valeria of El Salvador, whodrownedwhile trying to cross the Rio Grande.
“The question is which candidate can capitalize the discussion in the most emotional way,” he said.
Of course, there’s the matter of whether President Trump will inject himself into the debate bylive-tweetinghis comments to rouse up his base, despite reportedly being told by some advisers not to do so. Trump tweeted several times about Wednesday night’s debate.
“I sense that Trump will stay in the lane of branding all democrats as socialists,” Sena said. “Any of the moments that seem a bit further left than the Democratic mainstream, the president will be quick to pounce on them and say they are all out of touch. That’s what he loves to do.”
Sena said candidates including California Congressman Eric Swalwell, Senators Michael Bennet, and Kirsten Gillibrand; John Hickenlooper, the former governor of Colorado; writer and religious activist Marianne Williamson, and businessman Andrew Yang will “all be fighting to create a moment for their campaign to break through each other’s noise.”
Sena adds as some candidates will have to differentiate themselves, there will be increasing friction. He said future debates could see candidates saying to each other they would be great cabinet members for an incoming Democratic presidential administration.
“They will start putting each other in boxes, and say ‘That’s great for what a Vice President or a Secretary of State would do, not a president,’ or ‘You would be a great cabinet member, but you’re not ready for the top shelf,'” he said.
Sobel thinks the low-polling candidates are long shots and Thursday’s debate will likely not help them resonate with voters.
Perez, the DNC chair, when asked by MSNBC if he thought the first debates will possibly thin the field of Democratic candidates, he believed that it may be too early for him to make that assessment.
“That’s going to be up to the voters and the candidates,” he said. What our job is to make sure everyone gets their fair shake on the stage and beyond to communicate their vision.”
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What Is IT Link SA's (EPA:ITL) Share Price Doing?
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IT Link SA (EPA:ITL), which is in the software business, and is based in France, led the ENXTPA gainers with a relatively large price hike in the past couple of weeks. As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value. Is there still an opportunity here to buy? Today I will analyse the most recent data on IT Link’s outlook and valuation to see if the opportunity still exists.
Check out our latest analysis for IT Link
The stock seems fairly valued at the moment according to my valuation model. It’s trading around 4.59% above my intrinsic value, which means if you buy IT Link today, you’d be paying a relatively reasonable price for it. And if you believe the company’s true value is €13.19, there’s only an insignificant downside when the price falls to its real value. Is there another opportunity to buy low in the future? Since IT Link’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 86% over the next couple of years, the future seems bright for IT Link. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
Are you a shareholder?It seems like the market has already priced in ITL’s positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value?
Are you a potential investor?If you’ve been keeping tabs on ITL, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on IT Link. You can find everything you need to know about IT Link inthe latest infographic research report. If you are no longer interested in IT Link, you can use our free platform to see my list of over50 other stocks with a high growth potential.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
The 5 Best (and Most Affordable) Places to Travel in July
So many places, so little time. Summer really hits its stride in July and although you might think that would mean hefty airfare prices, hotel minimum stays and rate hikes, it can be quite the contrary. Just follow our guide to the five locales that are some of the most popular (yet inexpensive) places to venture to right now. CAPE MAY, NEW JERSEY This idyllic, seaside community blooms in the summer months, and experiencing it for the Fourthduring its insane fireworks display, jazz band performances and lobster bakeis a time-honored tradition whether youre a local or not. In fact, the population of Cape May swells in summer by almost ten times with out-of-towners taking advantage of quality beach time at many of the surrounding areas ten square miles of sandy, wide and quiet beaches. You and your crew will also love the plethora of perfect-for-sharing vacation rentals and B&Bs available in town, many of which are housed in beautifully preserved historic Victorian homes. Start your morning with breakfast at the open-air Harrys Ocean Bar & Grille , which has a popular rooftop bar area for post-beach day cocktails. From there, you can simply cross Beach Avenue and find yourself on one of the Jersey Shores best stretches, or drive ten minutes to a more rugged, isolated beachSunset Beachwhich is nearby to an adorable and still-functioning lighthouse that allows you to climb 199 steps to the top. If youd prefer not to get your bathing suit wet, you can take a self-guided tour of the Emlen Physick Estate, a grand stick-style Victorian home thats been restored to give you a peak at life in the late 19th and early 20th century. And if all else fails, Cape May is home to some of the East Coasts best beach grub: Look into Peter Shields Inn , The Mad Batter , Iron Pier House and even a yummy organic and vegan option, Good Earth Organic Eatery . Story continues Where to stay: Flying in and out of the nearby Atlantic City airport is easy and cheap this time of year, and a visit to Cape May can even be combined with a few days in the city full of vices . Not so easy: Picking one of the many adorable places to stay (There. Are. So. Many. Good. Ones). If youre going the classic B&B route, look into the boutique Casablanca , the cozy Queen Victoria and the elegant Mainstay Inn . Meanwhile, one of our favorite places to rest our head in town right now is Cape Mays latest hotel opening, Boarding House , converted from an old-school-style motel into a trendy hideout with updated, beachy digsas in, the perfect amount of shiplap and a surfboard positioned over your bedand a primo rooftop sundeck. The pet-friendly hotel also lets guests access the beach club at the sister resort, The Montreal Beach Resort . RELATED: The Most Serene Spot in Every State Nassau, Bahamas The crystal blue water, friendly locals, cuisine (bring on the conch) and ideal weather would make anyone seriously consider moving to the picturesque island full-time. And although one could easily spend all day zening out on the beach, there are tons of other experiences to take advantage of, like: every water sport you can imagine, testing your luck at the tables (Nassau is home to the largest casino in the Caribbean at the Baha Mar ), shopping (tax-free!) in town, catching a fish fry on the beach and, of course, lots of nightlife. Because July is *technically* hurricane season (dont worry: the occasional rain shower doesnt last long), flights are fairly inexpensive, and you can score cheap deals on packages and room rates. Where to stay: A splurge-worthy hotel is The Ocean Club, A Four Seasons Hotel , which boasts a Versailles-like garden on the premises. If youre seeking a more lively retreat closer to downtown, however, head to the SLS Baha Mar . The beats never end, just like the abundance of roses and other exotic flowers draped around the common areas. Psst : Follow the signs through the casino to the Rosewood s Manor Bar for some killer vintage cocktails. Watch Hill, Rhode Island Easily accessible from most places in New England and a short drive from Bostons Logan Airport, Watch Hill has everything you would want in a nautical getaway: a relaxed mentality, some of the best beaches New England has to offer and fresh seafood fare (try Olympia Tea Room and Matunuck Oyster Bar for a casual brunch or lunch outdoors and COAST for a one-of-a-kind dinner and tasting menu centered around RIs beloved shellfish). July is one of the most popular times of the year for the area, and although one might think that would mean annoying crowds, Watch Hills always on the DL. That means even more reason to enjoy the many cool activities going on in the area, like Veuve Clicquots pop-up: The Secret Garden at Ocean House . This special spot opens its under-the-radar gates in summer to allow guests to enjoy a fully stocked Champagne bar with cocktails like Veuve Clicquots Rich Rose Pom Pom and a Rich Pepper Swimming Pool cocktailwhatever it is, just sign right up. Plus theres an adorable step and repeat that was obviously built for poppin bottles and Gramming at the same time. Where to stay: The OHM Collection has a handle on the area with three charming properties with distinctly different personalities to choose from. Theres Ocean House , the grand dame of Watch Hill with its gorgeous grounds (be sure to wear your brightest whites for croquet on the lawn), impeccable rooms and suites and old-world attention to detail and service. Weekapuag Inn is the laid-back little sister that feels more like your best friends summerhouse than a hotel and encourages barefoot afternoons by the pool or beach, and Watch Hill Inn is for a luxe-meets-shoreline stay. If youre looking for a fashion fix (or are Lilly Pulitzer-obsessed), youll love this last one since you can sleep in the Lilly suite decked out in Ms. Pulitzer's whimsical designs. That's worth the trip to Watch Hill alonewell, that and the chance to spot Taylor Swift and her squad out and about, since she has a place up the street from the hotel . MONTEREY PENINSULA, CALIFORNIA Yes, well admit, including Monterey and its surrounding areas is partially influenced by seeing the Big Little Lies cast on HBO week after week. And while the suburban mom politics and a big secret are keeping Madeline, Celeste, Jane, Bonnie and Renata busy on the second season of the show, you can keep busy by spending the day shopping and relaxing at some of the spots they frequent mostthe Cannery Row and Fishermans Wharf for retail therapy and The Monterey Bay Aquarium, one of the most highly regarded tourist attractions in all of Monterey. (Seriously, even if youre not really into marine biology, you will appreciate this place.) The Bixby Bridge, recognizable from BLL s opening credits, is technically a 30-minute drive south in Big Sur, but you can easily make a trip out of it before spending an afternoon in the stylish, Spanish-inspired downtown of Carmel on your way back. Filled with everything from cheese shops, antiques, jewelry, clothing and even fine rugs, youll want to bring the credit card thats not maxed out with you. The rocky, rugged California coastline in this part of the world also offers amazing photo opps and plenty to do sans money, especially at Lovers Point Beach and on the famed 17 Mile Drive, where you can take in all the regions natural splendor during a leisurely two-hour ride. Pro tip: The weather will be cooler in Monterey than in many other parts of the U.S. in July, so its a particularly good way to beat the heat, but make sure you bring a sweater. Domestic flights this month are as low as $263 even from New York City, so its shaping up to be the perfect month to go. Where to stay: Despite the region being relatively compact in size, theres no shortage of great lodging options to meet your personal style or budget. The iconic Inn at Pebble Beach has freshly updated guest rooms and a super-posh suite option, the Fairway One Cottages , that feature special amenities and direct views over the greens. The property is also offering a special two-night July 4 package this month that includes two rounds of golf along Montereys dramatic coastline. Considering the courses at Pebble Beach are some of the most beautiful, prestigious and expensive in the U.S., its a total deal if you or your S.O. love to swing clubs around. RELATED: The Best and Most Romantic Islands for a Honeymoon Denver, Colorado Theres no shortage of reasons to choose Denver as a summer destination. For starters, theres Red Rocks Park & Amphitheatre for outdoor concerts surrounded by terra-cotta-colored behemoths and the recreational (and legal) cannabis culture that attracts many, but theres also a booming art scene (like the acclaimed Denver Art Museum ), outdoor adventure galore (Denver is consistently voted the healthiest city in the U.S.), urban sophistication in the form of upscale shops and eateries (with Mercantile Dining & Provision and Tavernetta taking the lead) and plenty for out-of-town visitors to do and see, such as touring Titanic survivor Molly Browns legendary mansion . Flights (according to Skyscanner ) arent too shabby this month, with many at $300 or below from various airports across the States. Where to stay: Halcyon and The Source Hotel . The former is located in the trendy Cherry Creek district not far from downtown Denver, while the latter resides in the heart of Denvers River North Art District. The Halcyon is musically inspired with record players, impressive collections and cool art in each of the rooms. Its also home to a rooftop pool so enough said on that. As for The Source Hotel, this boutique gem with only 100 design-focused rooms features another July baby: Alon Shayas first-ever Denver restaurant, the highly rated Safta . The esteemed Israeli chef is known for his modern Middle Eastern eats (think artisanal pita, creamy hummus with spiced lamb or wild mushrooms and wood-fired skewers) and reservations fill up quickly, so the sooner you book the better. With additional reporting by Kelli Acciardo RELATED: 19 Under-the-Radar Beach & Lake Destinations Around the Country |
Is There Now An Opportunity In IT Link SA (EPA:ITL)?
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IT Link SA (EPA:ITL), which is in the software business, and is based in France, received a lot of attention from a substantial price increase on the ENXTPA over the last few months. Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Let’s examine IT Link’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.
See our latest analysis for IT Link
The stock seems fairly valued at the moment according to my valuation model. It’s trading around 4.59% above my intrinsic value, which means if you buy IT Link today, you’d be paying a relatively reasonable price for it. And if you believe the company’s true value is €13.19, there’s only an insignificant downside when the price falls to its real value. Is there another opportunity to buy low in the future? Since IT Link’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 86% over the next couple of years, the future seems bright for IT Link. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
Are you a shareholder?It seems like the market has already priced in ITL’s positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?
Are you a potential investor?If you’ve been keeping tabs on ITL, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on IT Link. You can find everything you need to know about IT Link inthe latest infographic research report. If you are no longer interested in IT Link, you can use our free platform to see my list of over50 other stocks with a high growth potential.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Is Sierra Bancorp (BSRR) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Sierra Bancorp (BSRR). BSRR is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Another notable valuation metric for BSRR is its P/B ratio of 1.39. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.42. Over the past year, BSRR's P/B has been as high as 1.81 and as low as 1.30, with a median of 1.52.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. BSRR has a P/S ratio of 3.06. This compares to its industry's average P/S of 3.37.
Finally, investors should note that BSRR has a P/CF ratio of 9.09. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 10.77. Within the past 12 months, BSRR's P/CF has been as high as 13.68 and as low as 8.53, with a median of 10.06.
These are only a few of the key metrics included in Sierra Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, BSRR looks like an impressive value stock at the moment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportSierra Bancorp (BSRR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Is Deluxe (DLX) a Great Value Stock Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company value investors might notice is Deluxe (DLX). DLX is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock has a Forward P/E ratio of 6.18. This compares to its industry's average Forward P/E of 9.66. Over the past 52 weeks, DLX's Forward P/E has been as high as 9.57 and as low as 5.69, with a median of 8.16.
Another valuation metric that we should highlight is DLX's P/B ratio of 1.95. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.78. Over the past year, DLX's P/B has been as high as 3.07 and as low as 1.79, with a median of 2.36.
Finally, investors will want to recognize that DLX has a P/CF ratio of 6.16. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. DLX's P/CF compares to its industry's average P/CF of 10.08. Over the past 52 weeks, DLX's P/CF has been as high as 9.11 and as low as 5.66, with a median of 7.22.
These are just a handful of the figures considered in Deluxe's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that DLX is an impressive value stock right now.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportDeluxe Corporation (DLX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
A ‘perfect storm of demand’ is behind gold's recent rally
Gold has been on a tear. The precious metal hit a six-year high earlier this week as investorappetite for risk-off assetsfollowing the Federal Reserve’s hints at a rate cut drove the price above $1,400.
Dave Nadig, managing Director of ETF.com, told Yahoo Finance’s “The Ticker” on Wednesday there are two big reasons for the recent rally: a “perfect storm of demand” and a lack of options in what is “admittedly a pretty toppy market.”
“We’ve still got Middle East unrest, and we’ve still got trade wars going on, so it’s fair to look for a place to park some cash,” Nadig said. “With the declining U.S. dollar, which is a direct result of the declining interest rates we’re all expecting, gold is looking pretty good.”
Nadig also noted central bank buying from Russia, China, and others, as well as a strong Indian wedding season in the first quarter, helped fuel safe-haven buying.
In terms of the best ways to play the rally in gold, Nadig favors exchange-traded funds that hold gold bullion or funds that invest in gold miners.
“The simplest way is to buy a fund that takes gold and just sticks it in a vault,” he said. Nadig’s picks are the SPDR Gold Trust (GLD), as well as the GraniteShares Gold Trust (BAR), a cheaper option.
He also sees opportunities in exchange-traded funds focused on mining stocks. “Miners are on fire lately, up almost 30% year to date after a terrible couple of years. A lot of people are looking at the miners to really just be leveraged on any continued rally that we see.”
His pick in the space is the VanEck Vectors Gold Miners ETF (GDX). But it’s important to note that this investment call comes with a warning. Nadig is quick to point out a caveat: “You’re getting the gold effect, and the global equity effect. So longer term, it can be problematic.”
Gold fell nearly 1% Wednesday, closing at $1,409.
Seana Smith is the anchor for The Ticker.
READ MORE:
• Lower rates will 'squeeze' regional banks: Former BB&T CEO
• US farmers face 'huge' impact from flooding
• Auto-parts retailers are ‘best positioned’ for second half of 2019: Wedbush analyst
• The US-China trade war is 'difficult to handicap' at this point
• The best way to invest during the trade dispute: Annandale's George Seay
• Escalating US-China trade tensions has ‘raised the stakes’ for both sides: Barclays
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Astronomers Have Decoded a Weird Signal Coming from a Strange, 3-Body Star System
Once or twice a day, a strange object in the Milky Way blinks at us. Now, astronomers think they know why. The object is called NGTS-7, and to most telescopes it looks like a single star. Researchers at the University of Warwick in England started watching because it seemed to be emitting flares, but on closer examination they noticed that its starlight dims briefly every 16.2 hours. When the astronomers zoomed in, they realized there are actually two similarly sized stars in the system, and that only one of them is dimming briefly in that way — suggesting that there's something dark circling on or just above the star's surface. Now, in a paper posted to the preprint journal arXiv , the astronomers offer an explanation: A brown dwarf is orbiting one of the stars, in an orbit so tight that it takes just 16.2 hours to complete. It's impressive that the astronomers involved were able to parse the complicated signal from this system, disentangling where the intermixed light from the brown dwarf and the two small, young stars originally came from, said Hugh Osborn, an astronomer at the Laboratoire d'Astrophysique de Marseille in France, who was not involved in the research. [ 11 Fascinating Facts About Our Milky Way Galaxy ] To pull it off, the researchers applied a similar technique to that used to detect exoplanets : Measuring how the light dipped as the brown dwarf passed between its host star and Earth. This dip represents the signal of a "transit": a brief, partial eclipse of the star by something too small and dim to see directly, even through a powerful telescope. "Detecting this system is probably the easy bit," Osborn told Live Science. "Because the star is so small and the brown dwarf relatively large, the transit signal is actually about 10 times larger than that of [a typical exoplanet that turns up in surveys of the night sky]." But once you detect the transit signal, you have to make sense of it. That's tricky because brown dwarf transit signals are strange. For one thing, they tend to glow faintly from internal heat and the heat of nearby stars. Story continues "The typical brown dwarf temperature is somewhere between luke-warm water, which would appear black to our eyes, and a campfire, which would glow faintly red," Osborn said. "In the case of [this system], the brown dwarf is being heated by the star it orbits, meaning the dayside of the object would be glowing red hot. The night side would be darker, but some of this heat would be sucked around by winds, heating it up." Accounting for all these different factors to figure out what you are actually looking at is challenging for astronomers, Osborn said. Any detection of a brown dwarf is exciting, Osborn said. The objects are several dozens of times larger than Jupiter or the big exoplanets scientists typically detect , but not quite heavy enough to light up with nuclear fusion like a star. Because of their large size, they should be easy to spot passing in front of stars, Osborn said. But they're rare: Fewer than 20 have ever been discovered transiting in front of stars like this, and only about 1,000 have been discovered elsewhere in the galaxy. In comparison, astronomers have already found thousands of exoplanets. For that reason, astronomers talk about there being a kind of "brown dwarf desert," at least in the region of space we can clearly observe. "The fact that we have so few of them ... must be because they are extremely rare, and not because we've simply missed them," Osborn said. This one is especially weird, even for a brown dwarf, due to its near proximity to its host star, Osborn said. It appears to have been nudged into its tight orbit by gravity from the other star in the system. Now it's perfectly synchronized with its host star, with the two objects spinning and orbiting such that one side of the planet always faces one side of the star, as if they were connected by a string. It's interesting, Osborn said, "that the orbit of the brown dwarf appears to have 'spun up' the orbit of the star." Satellites don't typically have this effect on their host stars, Osborn added. The researchers can tell the two objects are synchronized in this way because other shadows on that star's surface, probably sunspots , appear to be co-rotating on that same 16.2-hour cycle in some observations. (This is more of that trickiness that made this analysis so difficult.) Over time, the researchers wrote, magnetic forces from the host star will slow the brown dwarf's orbit, causing the orbit to shrink and the transits to happen even more regularly. Eventually, in the not-too-distant future (at least in stellar terms) the brown dwarf's orbit should collapse entirely and it will fall into its host star. The resulting fireworks show — picture a warm bowling ball slamming into a giant water balloon of super-hot plasma — should be spectacular to behold for the astronomers who are alive when it happens. In the meantime, Osborn said, he'd like to see researchers double-check that the two true stars in the system really are locked together in their own, wider orbits. Greetings, Earthlings! 8 Ways Aliens Could Contact Us Spaced Out! 101 Astronomy Images That Will Blow Your Mind 15 Amazing Images of Stars Originally published on Live Science . |
Does Electronic Arts Inc.'s (NASDAQ:EA) P/E Ratio Signal A Buying Opportunity?
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This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at Electronic Arts Inc.'s (NASDAQ:EA) P/E ratio and reflect on what it tells us about the company's share price.What is Electronic Arts's P/E ratio?Well, based on the last twelve months it is 28.94. That corresponds to an earnings yield of approximately 3.5%.
See our latest analysis for Electronic Arts
Theformula for P/Eis:
Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Or for Electronic Arts:
P/E of 28.94 = $97.32 ÷ $3.36 (Based on the year to March 2019.)
The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings. That isn't a good or a bad thing on its own, but a high P/E means that buyers have a higher opinion of the business's prospects, relative to stocks with a lower P/E.
If earnings fall then in the future the 'E' will be lower. That means even if the current P/E is low, it will increase over time if the share price stays flat. So while a stock may look cheap based on past earnings, it could be expensive based on future earnings.
Electronic Arts maintained roughly steady earnings over the last twelve months. But over the longer term (5 years) earnings per share have increased by 165%. And over the longer term (3 years) earnings per share have decreased 3.4% annually. So we might expect a relatively low P/E.
The P/E ratio essentially measures market expectations of a company. As you can see below Electronic Arts has a P/E ratio that is fairly close for the average for the entertainment industry, which is 29.2.
Its P/E ratio suggests that Electronic Arts shareholders think that in the future it will perform about the same as other companies in its industry classification. If the company has better than average prospects, then the market might be underestimating it. Further research into factors such asinsider buying and selling, could help you form your own view on whether that is likely.
It's important to note that the P/E ratio considers the market capitalization, not the enterprise value. So it won't reflect the advantage of cash, or disadvantage of debt. Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings.
Such spending might be good or bad, overall, but the key point here is that you need to look at debt to understand the P/E ratio in context.
With net cash of US$4.5b, Electronic Arts has a very strong balance sheet, which may be important for its business. Having said that, at 15% of its market capitalization the cash hoard would contribute towards a higher P/E ratio.
Electronic Arts has a P/E of 28.9. That's higher than the average in the US market, which is 17.8. Falling earnings per share is probably keeping traditional value investors away, but the relatively strong balance sheet will allow the company time to invest in growth. Clearly, the high P/E indicates shareholders think it will!
Investors have an opportunity when market expectations about a stock are wrong. As value investor Benjamin Graham famously said, 'In the short run, the market is a voting machine but in the long run, it is a weighing machine.' So thisfreereport on the analyst consensus forecastscould help you make amaster moveon this stock.
Of course,you might find a fantastic investment by looking at a few good candidates.So take a peek at thisfreelist of companies with modest (or no) debt, trading on a P/E below 20.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Facebook outlines ideas for oversight board
By Katie Paul
SAN FRANCISCO (Reuters) - Facebook Inc <FB.O> on Thursday released the findings from its consultations with outside experts into its content review process, providing a glimpse into how its plans for a proposed "external oversight board" might take shape.
Facebook has been soliciting feedback over the past six months from more than 650 people at workshops in 88 countries on its draft plan for the board, which it says will function as an independent court of appeals on content decisions.
Chief Executive Mark Zuckerberg has said decisions about acceptable speech on Facebook's suite of social networks - used by some 2.4 billion people worldwide - should not rest in the company's hands alone.
The company will finalize the board's charter in August, it said.
According to the report, attendees at the workshops broadly agreed that Facebook employees should not sit on the board. The company also should not be able to remove members without cause, and should clarify how it would define "cause," they said.
Other popular proposals were that the board should be able to choose its own cases; that board decisions should establish precedent for future cases; and that the board should have the power to influence Facebook's content policies.
Attendees expressed concerns over the board's independence, both from state actors and the company itself.
Facebook has long faced criticism for doing too little to block hate speech, incitements to violence, bullying and other types of content that violate its "community standards."
It has stepped up enforcement of those standards over the past year, employing more than 30,000 people to monitor content and focus on improving "safety and security" on the platforms, many of them low-paid contractors.
But the company continues to struggle with high-profile controversies over content posted on its site, such as the live streaming of a shooting that killed 51 people at two mosques in Christchurch, New Zealand in March.
(Reporting by Katie Paul; Editing by Himani Sarkar) |
Alphabet Earnings: Mark Your Calendar
Earnings season is just around the corner. FollowingNetflix'ssecond-quarter updateon July 17, one of the next big tech stocks to report isAlphabet(NASDAQ: GOOG)(NASDAQ: GOOGL). Google's parent company will announce its second-quarter results on July 25, according to a recent press release.
After Alphabet reportedworse-than-expected first-quarter revenue growth, investors will be watching the company's second-quarter update closely. Can the online search giant live up to expectations this time?
Ahead of Alphabet's second-quarter update, here's a preview of some key areas investors will want to watch.
Image source: Getty Images.
Given Alphabet's aforementioned top-line miss in its first quarter, investors will be watching the company's revenue closely.
In Alphabet'sfirst quarter, revenue increased 17% year over year to $36.3 billion, missing analysts' average forecast by $1 billion. This was a significant deceleration from the 22% revenue growth Alphabet delivered in its fourth quarter of 2018. In the company's earnings call, management noted that revenue growth reflected foreign exchange rate headwinds in the first quarter of 2019 versus foreign exchange tailwinds in the year-ago quarter. In addition, Alphabet is up against tough comparisons from strong business growth in 2018.
Going into Alphabet's second quarter, analysts have a more conservative outlook for the company's top line. On average, analysts expect revenue to increase 16.9% year over year to $38.2 billion.
Though advertising accounts for the bulk of Alphabet's business, the company's Google "other" segment is becoming increasingly important. Consisting of revenue from Google Cloud, the Android app store, and hardware, the segment includes some of Alphabet's most important catalysts.
In addition, the segment is growing as a percentage of Alphabet's total revenue. Google "other" revenue increased 25% year over year to $5.4 billion, with cloud and apps serving as the segment's primary growth drivers. The segment accounted for 15% of revenue, up from 14% of revenue in the year-ago quarter.
Investors should look for similarly strong growth from the segment in Q2.
The biggest driver for Alphabet's Google "other" segment is its cloud computing business. "Google Cloud Platform remains one of the fastest-growing businesses in Alphabet, with strong customer momentum, reflected in particular in demand for our compute and data analytics products," said Alphabet CFO Ruth Porat during the company's first-quarter earnings call.
Though Alphabet hasn't provided specific revenue figures for the cloud's contribution to its Google "other" business, it has said it's a "multibillion-dollar business."
Investors should look for management to provide more optimistic commentary on the important catalyst when Alphabet reports its second-quarter results.
Alphabet will post its second-quarter earnings release after market close on Thursday, July 25.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.Daniel Sparkshas no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Netflix. The Motley Fool has adisclosure policy. |
Why OceanFirst Financial (OCFC) is a Great Dividend Stock Right Now
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. OceanFirst Financial in Focus Based in Red Bank, OceanFirst Financial (OCFC) is in the Finance sector, and so far this year, shares have seen a price change of 6.57%. The holding company for OceanFirst Bank is paying out a dividend of $0.17 per share at the moment, with a dividend yield of 2.83% compared to the Financial - Savings and Loan industry's yield of 2.28% and the S&P 500's yield of 1.93%. Taking a look at the company's dividend growth, its current annualized dividend of $0.68 is up 9.7% from last year. In the past five-year period, OceanFirst Financial has increased its dividend 3 times on a year-over-year basis for an average annual increase of 6.74%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, OceanFirst's payout ratio is 33%, which means it paid out 33% of its trailing 12-month EPS as dividend. Earnings growth looks solid for OCFC for this fiscal year. The Zacks Consensus Estimate for 2019 is $2.19 per share, representing a year-over-year earnings growth rate of 10.61%. Bottom Line Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, OCFC presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OceanFirst Financial Corp. (OCFC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research |
Should You Think About Buying KBR, Inc. (NYSE:KBR) Now?
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KBR, Inc. (NYSE:KBR), which is in the it business, and is based in United States, led the NYSE gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s take a look at KBR’s outlook and value based on the most recent financial data to see if the opportunity still exists.
Check out our latest analysis for KBR
Good news, investors! KBR is still a bargain right now. According to my valuation, the intrinsic value for the stock is $41.55, but it is currently trading at US$24.65 on the share market, meaning that there is still an opportunity to buy now. Although, there may be another chance to buy again in the future. This is because KBR’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity.
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. KBR’s earnings over the next few years are expected to increase by 47%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
Are you a shareholder?Since KBR is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation.
Are you a potential investor?If you’ve been keeping an eye on KBR for a while, now might be the time to enter the stock. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy KBR. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision.
Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on KBR. You can find everything you need to know about KBR inthe latest infographic research report. If you are no longer interested in KBR, you can use our free platform to see my list of over50 other stocks with a high growth potential.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
One Metric To Rule Them All: Duke Realty Corporation (NYSE:DRE)
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Duke Realty Corporation is a US$11b large-cap, real estate investment trust (REIT) based in Indianapolis, United States. REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way. Below, I'll look at a few important metrics to keep in mind as part of your research on DRE.
See our latest analysis for Duke Realty
REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities. FFO is a higher quality measure of earnings because it takes out the impact of non-recurring sales and non-cash items such as depreciation. These items can distort the bottom line and not necessarily reflective of DRE’s daily operations. For DRE, its FFO of US$488m makes up 81% of its gross profit, which means the majority of its earnings are high-quality and recurring.
DRE's financial stability can be gauged by seeing how much its FFO generated each year can cover its total amount of debt. The higher the coverage, the less risky DRE is, broadly speaking, to have debt on its books. The metric I'll be using, FFO-to-debt, also estimates the time it will take for the company to repay its debt with its FFO. With a ratio of 18%, the credit rating agency Standard & Poor would consider this as significantly high risk. This would take DRE 5.46 years to pay off using operating income alone. Given that long-term debt is a multi-year commitment this is not unusual, however, the longer it takes for a company to pay back debt, the higher the risk associated with that company.
I also look at DRE's interest coverage ratio, which demonstrates how many times its earnings can cover its yearly interest expense. This is similar to the concept above, but looks at the upcoming obligations. The ratio is typically calculated using EBIT, but for a REIT stock, it's better to use FFO divided by net interest. With an interest coverage ratio of 5.74x, it’s safe to say DRE is generating an appropriate amount of cash from its borrowings.
In terms of valuing DRE, FFO can also be used as a form of relative valuation. Instead of the P/E ratio, P/FFO is used instead, which is very common for REIT stocks. In DRE’s case its P/FFO is 22.88x, compared to the long-term industry average of 16.5x, meaning that it is overvalued.
Duke Realty can bring diversification into your portfolio due to its unique REIT characteristics. Before you make a decision on the stock today, keep in mind I've only covered one metric in this article, the FFO, which is by no means comprehensive. I'd strongly recommend continuing your research on the following areas I believe are key fundamentals for DRE:
1. Future Outlook: What are well-informed industry analysts predicting for DRE’s future growth? Take a look at ourfree research report of analyst consensusfor DRE’s outlook.
2. Valuation: What is DRE worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? Theintrinsic value infographic in our free research reporthelps visualize whether DRE is currently mispriced by the market.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore ourfree list of these great stocks here.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Booker’s Reaction to O’Rourke’s Spanish Is the Best Meme of the Debate
Photo credit: NBC From Harper's BAZAAR Candidates Beto O'Rourke, Cory Booker, and Julián Castro spoke Spanish during the Democratic debate on Wednesday night. Castro is the only Latinx candidate in the Democratic presidential race. Online viewers turned Booker's reaction to O'Rourke's speaking in Spanish shortly after the debate began into a meme. The Spanish language was the surprise star of the first Democratic primary debate Wednesday night, as multiple candidates appealed to Spanish-speaking viewers and voters while onstage in Miami. Former congressman Beto O'Rourke en Español while answering his first question at the event, New Jersey Senator Cory Booker followed up while discussing the border crisis, and former Obama cabinet member Julián Castro, the only Latinx candidate in the Democratic presidential race, spoke Spanish in his closing statement. Moderator José Díaz-Balart, a news anchor for Telemundo (which broadcasted the debate along with NBC and MSNBC), also spoke the language while asking a question. The 2020 Democratic candidates address Spanish-speaking voters in the first #DemDebate https://t.co/J2wEwmyiRB pic.twitter.com/31c2zuw0rK - TIME (@TIME) June 27, 2019 According to TIME , among O'Rourke's comments were: "We need to include every person in the success of this economy." ("Necesitamos incluir cada persona en el éxito de este economía.") And, "We will treat each person with the respect and dignity they deserve as humans." ("Vamos a tratar cada persona con el respeto y dignidad que merecen como humanos.") Speaking about immigration, Booker said, "The current situation is unacceptable." ("La situación ahora es inaceptable.") Story continues Castro kept his comments brief, saying, "My name is Julián Castro and I am running for president of the United States." ("Me llamo Julián Castro y estoy postulando por presidente de los Estados Unidos.") He declared to "say adios to Donald Trump" after the 2020 election. Photo credit: NBC Whether it was viewed as forced or genuine, the candidates' decision to speak Spanish was not random. Pew Research Center projects that the 2020 election will "mark the first time that Hispanics will be the largest racial or ethnic minority group in the electorate." Refinery29 points out that Spanish is the second most commonly spoken language in the U.S. and over 40 million people in the country speak it at home. With Telemundo airing the debate and Miami, a Latinx-majority city , hosting it, the presence of a massive Spanish-speaking audience was undeniable. Political strategy aside, viewers nonetheless took note when candidates went bilingual during their speaking turns. Some even went so far as to meme O'Rourke and Booker. When your friend comes back from study abroad #DemDebate pic.twitter.com/pvw4sYWhHu - Full Frontal (@FullFrontalSamB) June 27, 2019 absolutely no one at the democratic debates: beto: pic.twitter.com/eA8PMkmeHc - Jill Gutowitz (@jillboard) June 27, 2019 Just switching into Spanish any time you don’t want to answer the question is a pretty solid tactic. - Matthew Yglesias (@mattyglesias) June 27, 2019 Everyone at the #DemocraticDebate pic.twitter.com/uiVxLTmCld - Allison Lamberth (@allisonthen) June 27, 2019 Everyone who took Spanish watching the #DemDebate right now. pic.twitter.com/Ijkm3axw1g - amber ruffin (@ambermruffin) June 27, 2019 Maddow: Castro, you are the only latino in the race. Beto: *bites fist and cries* - Marty B (@TheMarty_Party) June 27, 2019 People also paid attention to Booker's reaction to O'Rourke's speaking Spanish just minutes into the debate. When he did the same later in the night, some questioned whether the NJ senator delivered a serious a side-eye because his competitor beat him to the punch. "Maybe I should try this Spanish thing" #DemocraticDebate pic.twitter.com/UGpAnWEfO4 - Sean Gardner (@SeanGardner22) June 27, 2019 cory talking to beto backstage: okay. you speak spanish beto: right cory: and i speak spanish beto: yah cory: and everybody knows that so lets make a pact and not do it tonight, deal? beto: deal beto on stage: *speaks spanish* cory: pic.twitter.com/PbpH1amvIr - tracy the emotional support penguin (@brokeymcpoverty) June 27, 2019 [spanish] pic.twitter.com/oxy9zRUIm8 - David Mack (@davidmackau) June 27, 2019 CORY WAS STARING DAGGERS AT BETO SPEAKING SPANISH BECAUSE HE WAS PLANNING HIS OWN SPANISH REVEAL 😭 - Caity Weaver (@caityweaver) June 27, 2019 Cory Booker watching Beto speak Spanish is shook honey - Jonathan Van Ness (@jvn) June 27, 2019 It's been like 10 minutes and I am still thinking about Beto speaking Spanish and Cory Booker's face. - Yamiche Alcindor (@Yamiche) June 27, 2019 OMG COREY BOOKER WAS MAD THAT BETO BEAT HIM TO ANSWERING IN SPANISH EARLIER AND THIS IS SENDING MEEEE #DemDebate - Zach Stafford (@ZachStafford) June 27, 2019 When he gets back from study abroad Bar*thay*lona and won't stop speaking Spanish pic.twitter.com/S4dNFX2ufX - Slade (@Slade) June 27, 2019 Me when my boyfriend’s family starts speaking Spanish in front of me pic.twitter.com/nbmr2IjHle - Katie Leach (@KatieMLeach) June 27, 2019 When you’re monolingual and your contender starts speaking Spanish. #DemDebate pic.twitter.com/jzKS4oR5c6 - Laura Martínez (@miblogestublog) June 27, 2019 When Dad says "Hola, como estas?" to the waiter at the Mexican restaurant #DemDebate pic.twitter.com/64FY2LV6kp - The Daily Show (@TheDailyShow) June 27, 2019 Others wondered if Senator Elizabeth Warren was going to jump in. Elizabeth Warren should just be like “live más” - JuanPa (@jpbrammer) June 27, 2019 Elizabeth Warren better bust out some Punjabi if she wants to stay in this debate. #DemocraticDebate #DemDebates - aasif mandvi (@aasif) June 27, 2019 Warren considering throwing in a little Navajo to keep up with this multilingual throwdown #DemocraticDebate pic.twitter.com/lporty7R8V - Jamie Lynn (@jamielynnhyde) June 27, 2019 The women in the debate watching the men on stage in this "Who Can Speak about Immigration in Spanish" match. #demdebate #DemocraticDebate pic.twitter.com/rDE96tCeKB - Sara Qualls (@SaraQualls) June 27, 2019 Users also joked that the candidates at the second half of the Democratic debate, airing tonight, would have to learn or speak in another language too. Mayor Pete is going to learn Dothraki overnight #DemDebates - Jemele Hill (@jemelehill) June 27, 2019 tomorrow night if Mayor Pete doesn't answer every question in Norwegian i swear to gosh - Alexandra Petri (@petridishes) June 27, 2019 Bernie Sanders pacing around his hotel room, rubbing his temples, muttering “Los billionarios…Medicare por todos” over and over again - Jason O. Gilbert (@gilbertjasono) June 27, 2019 Buttigieg has like 8 languages to bombard us with at tomorrow’s #DemocraticDebate . #BuckleUp pic.twitter.com/45qPYhEKUx - Cody Uhing (@CodyUhing) June 27, 2019 joe biden trying to learn spanish by tomorrow #DemocraticDebate pic.twitter.com/Y3StGwrvZz - emmy (@emmysikora_) June 27, 2019 all the other candidates running home to learn Spanish tonight 🏃🏾♀️ #DemDebate #DemocraticDebate pic.twitter.com/JsNd4hXWcv - Joy Ngugi🎬 (@joywngugi) June 27, 2019 Even candidates themselves even brought it up. I need to learn Spanish by tomorrow night at 9. - Marianne Williamson (@marwilliamson) June 27, 2019 My Spanish is terrible. - Andrew Yang (@AndrewYang) June 27, 2019 The second Democratic primary debate airs tonight, June 27, at 9 p.m. on NBC, MSNBC, and Telemundo. ('You Might Also Like',) The Essential British Packing List 30 Facial Moisturizers for Every Budget We Cut Bangs on 16 Different Women With The Help of Celebrity Stylist Justine Marjan |
Fortinet to Protect AWS Applications With WAF-as-a-Service
FortinetFTNT recently expanded its cloud security portfolio with the addition of FortiWeb Cloud WAF (Web Application Firewalls) -as-a-Service. The service will be delivered through Fortinet Security Fabric, and will protect applications on Amazon’s (AMZN) cloud platform — AWS.FortiWeb Cloud WAF-as-a-Service on AWS will protect mission-critical applications and APIs from threats. Organizations protecting their web applications with this Software-as-a-Service (SaaS) solution can roll out the full WAF solution without the need to use or manage infrastructure or possess specific web application security skills.The FortiWeb Cloud WAF leverages the public cloud to deliver a SaaS solution rather than requiring DevOps teams to deploy their infrastructure in their own data centers. This ensures maximum scalability, which provides low latency for performance-sensitive applications, as well as cuts potential bandwidth costs when an application is also hosted in AWS.Growing Adoption of Cloud Security SolutionsWith a huge number of enterprises undergoing digital transformation, IT teams are increasingly building cloud-native applications. However, as this can expose sensitive data to vulnerabilities, strong security is required to protect an attack surface and guard applications from threats.Enterprises are becoming increasingly aware of these security gaps that may arise in a multi-cloud environment and their implications on business. This is leading more and more companies to adopt trusted solutions to secure their infrastructure.Notably, Fortinet’s portfolio of cloud security solutions is gaining strong traction among enterprises. Recently, it announced that its multi-cloud security offerings have been adopted by Aspire Global, MediaKind, Nubank and MLP Finanzberatung SE to improve their cloud environments with secure connectivity and consistent visibility and control.Further, the company announced the addition of three key customers in its Fabric-Ready Partner program — RAD, Indegy and SecurityMatters. The program already included AWS and Nozomi Networks. This will enhance the security solutions available to operational technology customers through the Fortinet Security Fabric.
Fortinet, Inc. Price and Consensus
Fortinet, Inc. price-consensus-chart | Fortinet, Inc. Quote
Competition Rife
However, the company faces significant competition with Palo Alto Networks PANW and CyberArk CYBR in the cloud security space.
Moreover, Symantec SYMC is also upping its efforts in the cloud security space. It recently unveiled a new offering that will enable its Cloud Workload Protection solution and Amazon’s GuardDuty to provide automated remediation and advanced threat intelligence for AWS workloads and storage.Nonetheless, Fortinet has an upper hand in the competition because of its widely popular Security Fabric architecture. Notably, the architecture contributed to market share gain throughout 2018.Fortinet currently carries a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportFortinet, Inc. (FTNT) : Free Stock Analysis ReportPalo Alto Networks, Inc. (PANW) : Free Stock Analysis ReportCyberArk Software Ltd. (CYBR) : Free Stock Analysis ReportSymantec Corporation (SYMC) : Free Stock Analysis ReportTo read this article on Zacks.com click here. |
Focus on 4 Liquid Picks on the Top Rung for Robust Returns
Liquidity is an important yardstick that indicates a company’s capability to meet debt obligations by converting its assets into cash. Liquid stocks have always been in demand owing to potential for providing maximum returns.
However, one should be careful before investing in such stocks. While a high-liquidity level might mean that the company is fulfilling its obligations at a faster rate compared with others in its domain, it may also suggest that the company is failing to use its assets with efficiency.
Hence, one may consider the efficiency level of a company in addition to its liquidity to identify potential winners as this combination is indicative of underlying financial strength.
Measures to Identify Liquid Stocks
Current Ratio: It measures current assets relative to current liabilities. This ratio is used for measuring a company’s potential to meet both short- and long-term debt obligations. Thus, a current ratio — also known as working capital ratio — below 1 indicates that the company has more liabilities than assets. However, a high current ratio does not always indicate that the company is in good financial shape. It may also mean that the company has failed to utilize its assets significantly. Hence, a range of 1 to 3 is considered ideal.
Quick Ratio: Unlike current ratio, quick ratio — also called “acid-test ratio" or "quick assets ratio" — indicates a company’s ability to pay short-term obligations. It considers inventory excluding current assets relative to current liabilities. Like the current ratio, a quick ratio of greater than 1 is desirable.
Cash Ratio: This is the most conservative ratio among the three, as it takes into account only cash and cash equivalents, and invested funds relative to current liabilities. It measures a company’s ability to meet its current debt obligations using the most liquid of assets. Though a cash ratio of more than 1 may point to sound financials, a higher number may indicate inefficiency in cash utilization.
So, a ratio greater than 1 is desirable at all times but may not always appropriately represent a company’s financial condition.
Screening Parameters
In order to pick the best of the lot, we have added asset utilization, which is a widely used measure of a company’s efficiency, as one of the screening criteria. Asset utilization is the ratio of total sales over the past 12 months to the last four-quarter average of total assets. Though this ratio varies across industries, companies with a ratio higher than their respective industries can be considered efficient.
In order to ensure that these liquid and efficient stocks have solid growth potential, we have added our proprietary Growth Style Score to the screen.
Current Ratio, Quick Ratio and Cash Ratio between 1 and 3(While liquidity ratios of greater than 1 are desirable, significantly high ratios may indicate inefficiency.)
Asset utilization greater than industry average(Higher asset utilization than the industry average indicates a company’s efficiency.)
Zacks Rank equal to #1(Only Strong Buy-rated stocks can get through). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Growth Score less than or equal to B(Back-tested results show that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 handily beat other stocks.)
These criteria have narrowed down the universe of more than 7,700 stocks to only four.
Here are the four stocks that qualified the screen:
Raleigh, NC-basedBioDelivery Sciences International Inc.BDSI is a specialty pharmaceutical company, which engages in the development and commercialization of pharmaceutical products in the United States and internationally.The company has an impressive Growth Score of A and delivered average four-quarter positive surprise of 20.47%. The Zacks Consensus Estimate for the current year has been stable over the last 30 days.
Headquartered at Hanover, MD,Ciena CorporationCIEN is a leading provider of optical networking equipment, software and services. The company has a Growth Score of A and came up with average four-quarter positive surprise of 18.83%. The Zacks Consensus Estimate for fiscal 2019 earnings has been revised by a couple of cents in the last 30 days.
Domiciled in Chicago, IL,United States Cellular CorporationUSM provides wireless service coverage for Telephone and Data Systems across select Midwest markets. The company has an attractive Growth Score of A and pulled off average four-quarter beat of 79.32%. The Zacks Consensus Estimate for 2019 earnings has moved 6.25% upward in the last 30 days.
Based in Long Beach, CA,Molina Healthcare, Inc.MOH is a provider of government sponsored plans, namely Medicare and Medicaid.The company has a Growth Score of B and delivered average four-quarter positive surprise of 88.17%. The Zacks Consensus Estimate for fiscal 2019 earnings has been raised 0.5% over the last 30 days.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back testing software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at:https://www.zacks.com/performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportCiena Corporation (CIEN) : Free Stock Analysis ReportBioDelivery Sciences International, Inc. (BDSI) : Free Stock Analysis ReportMolina Healthcare, Inc (MOH) : Free Stock Analysis ReportUnited States Cellular Corporation (USM) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
G20: US-China trade war points to the real crisis that global leaders must confront
On June 28 and 29, the G20 summit will convene for the 14th time in Osaka, Japan. This gathering of leaders from the world’s leading economies, including the EU, plus invited guests and international organisations, ought to offer an important moment for mature reflection and collective coordination regarding the future needs of the world economy at a difficult time.
Instead, it is likely to descend either into directly confrontational rhetoric or, alternatively, empty promises and vague platitudes that avoidits missionto be the “premier forum for international economic cooperation”. The focus could end up being on more peripheral matters such as climate change, counter-terrorism, health and migration that are perceived of as being less contentious but should not be fundamental concerns of the G20.
The G20 is no stranger to crisis. It emerged from the 1997-98 Asian Financial Crisis that led G7 finance ministers (representing almost half of world GDP) to establish a wider group in order to engage with the major emerging economies. Then, in the wake of the 2007-08 global financial crisis, the group was further elevated to become a forum for heads of state.
In 2019, it is the continuing dispute between the US and China over trade that appears to loom largest. But this ought not be the main focus of the G20 either.As is well understood, trade wars are symptoms of underlying economic problems rather than their cause. The main focus ought to be on addressing those.
Read more:Winners and losers in the US-China trade war
Trade and tariffs are not the fundamental drivers of growth and prosperity. Rather, these derive fromdomestic productivity levelsin the making of goods and services that are, in their turn, driven by investment. To trade effectively, the key is to have something worth selling in the first place.
Unfortunately, the protectionist measures that hadhastened the advent of World War II, and that were dismantled subsequently through the establishment of the GATT/WTO, led instead to a growing proliferation of non-tariff or technical barriers to trade. Rather than invest in new industries, older ones were sustained artificially behind a chaff of regulatory standards, intellectual property laws, state subsidies and public procurement policies.
Accordingly, assertions that we have been living through a time marked bya so-called“rules-based international trading system” fall very wide of the mark. All the evidence points to systematic attempts by the key players – and the United States in particular – to subvert any supposed “liberal world order”, both economically and militarily.
Now it may be, of course, that President Trump – who is certainly not the first US,or other, world leader to engage in such embargoes against China – understands full well that to compete internationally as a successful exporter it is the ability to produce efficiently at home that matters more than trade deals. Some of his pronouncements have reflected as much, looking to put pressure on manufacturers, such asHarley-DavidsonandNike, to bring their production back to its origins.
But, irrespective, the adverse effects of this approach are evident for all to see. Many American firmshave warnedthe US Department of Commerce that such measures hurt both businesses and consumers alike. The latter invariably bear the brunt of any related price increases.
TheIMF has cutits world economic growth forecast in accordance. And anyway, many enterprises will simply relocate elsewhere, such as to Vietnam, which is not currently on the receiving end of such additional duties.
The deeper consequences, though, will take more time to become manifest. These include growing differences among the Western powers over how to handle the economic rise of the East.
This was seen recently, through the US stance towards its partners not using the Chinese firmHuaweito develop critical 5G infrastructure, despite its being the leading global player in the field. Such actions could come to damage relations with key allies, such asthe UKandGermany.
Read more:Why Huawei security concerns cannot be removed from US-China relations
In this regard, the US is playing a very risky game. With its relations veering towards a potential conflict withIran, as well as its ongoing disputes with Russia and China, the US may yet come to rue antagonising its friends as well.
Or, at the very least, it may regret making them have to choose between their relations with the US and China. Only this week, the UK chancellor, Phillip Hammond launched the newShanghai-London Stock Connectthat looks set to deepen financial relations by facilitating investment between them.
This, and China’s recent decisionnot to pursue WTO market economy status, may also point to a growing maturity on its part in relation to such matters. Certainly, its most successful strategy in the past was always tokeep a low profile on the international stageand avoid confrontation in foreign affairs, while focusing more on its domestic concerns.
Historically, it has often beenextraneous circumstancesthat have accelerated change in world affairs more than any conscious push. The two powers that dominated each of the last two preceding centuries – the US and UK – did so as much through the decline and imperial overreach of their predecessors as through their own efforts. That, and its underlying crisis of innovation and investment, are what the US leadership would do well to reflect upon most in Osaka.
This article is republished fromThe Conversationunder a Creative Commons license. Read theoriginal article.
Bill Durodie is a visiting professor at the China Executive Leadership Academy Pudong (CELAP) in Shanghai. |
A bacteria that causes sore throats is spreading and it's killed 12 people
Photo credit: Getty Images From Cosmopolitan A bacteria that causes sore throats has killed 12 people, and is spreading across Essex, with 32 cases of invasive Group A streptococcal (also known as iGAS, or Strep A) having been recorded so far. The outbreak began in Braintree, Essex, but has also been detected in nearby Chelmsford and Maldon. The infection is a "common bug found on the skin, in the throat and in the genitals", Dr Preethi Daniel, Clinical Director at London Doctors Clinic tells Cosmopolitan UK . It can be spread by kissing and close contact. The 12 people who have died were elderly and most were receiving wound care in their own homes, though some were also in care homes. Dr Preethi explains that Strep A is "not a different or new bug", but has proven so deadly because the recent outbreak has manifested as a blood infection has been spread in quick succession. "Invasive GAS refers to an infection and is essentially sepsis, a blood infection," the doctor says. "Just like sepsis, it can be deadly if not treated in time and have disastrous complications such as toxic shock syndrome ." The BBC reports Public Health England has suggested the 32 cases may be linked with community nursing treatment. As a result, in community nurse bases being deep-cleaned to prevent any further spread. Photo credit: Getty Images How does Strep A spread? "GAS can be transmitted by close contact such as respiratory droplets (sneezing), skin to skin contact, sharing towels or sharing cutlery," says Dr Preethi. "If somebody has skin or soft tissue infections, tonsillitis or an upper respiratory tract infection, it is best to avoid close contact with them. "Not sharing cutlery, plates, kissing them would be a good start [to avoid catching the infection]. Washing your hands with warm water and soap after coming in contact with a person with common infections is always a sensible idea," she adds. What are the symptoms of invasive Group A streptococcal? Possible symptoms of invasive (iGAS) infection include... Story continues Sore throat Feeling very unwell Fever Loss of appetite Severe fatigue Localised muscle pain out of keeping with any redness or swelling Vomiting Abdominal pain Confusion If you notice any of the above symptoms, "seek help from your GP sooner rather than later for a test," advises Dr Preethi. Follow Cat on Instagram . ('You Might Also Like',) A ranking of the very best hair straighteners - according to our Beauty Editors Best party dresses to shop in the UK right now 11 products you'd be mad to miss from the Net A Porter beauty sale |
Could Keurig Dr Pepper Inc. (NYSE:KDP) Have The Makings Of Another Dividend Aristocrat?
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Dividend paying stocks like Keurig Dr Pepper Inc. (NYSE:KDP) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.
Some readers mightn't know much about Keurig Dr Pepper's 2.1% dividend, as it has only been paying distributions for a year or so. When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.
Explore this interactive chart for our latest analysis on Keurig Dr Pepper!
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. Looking at the data, we can see that 77% of Keurig Dr Pepper's profits were paid out as dividends in the last 12 months. It's paying out most of its earnings, which limits the amount that can be reinvested in the business. This may indicate limited need for further capital within the business, or highlight a commitment to paying a dividend.
In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. Keurig Dr Pepper's cash payout ratio in the last year was 25%, which suggests dividends were well covered by cash generated by the business. It's positive to see that Keurig Dr Pepper's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.
As Keurig Dr Pepper has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. Net debt to EBITDA is a measure of a company's total debt. Net interest cover measures the ability to meet interest payments. Essentially we check that a) the company does not have too much debt, and b) that it can afford to pay the interest. Keurig Dr Pepper has net debt of 5.93 times its EBITDA, which implies meaningful risk if interest rates rise of earnings decline.
We calculated its interest cover by measuring its earnings before interest and tax (EBIT), and dividing this by the company's net interest expense. Interest cover of 3.43 times its interest expense is starting to become a concern for Keurig Dr Pepper, and be aware that lenders may place additional restrictions on the company as well. Low interest cover and high debt can create problems right when the investor least needs them, and we're reluctant to rely on the dividend of companies with these traits.
Remember, you can always get a snapshot of Keurig Dr Pepper's latest financial position,by checking our visualisation of its financial health.
From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. With a payment history of less than 2 years, we think it's a bit too soon to think about living on the income from its dividend. Its most recent annual dividend was US$0.60 per share, effectively flat on its first payment one years ago.
It's good to see at least some dividend growth. Yet with a relatively short dividend paying history, we wouldn't want to depend on this dividend too heavily.
The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. In the last five years, Keurig Dr Pepper's earnings per share have shrunk at approximately 30% per annum. If earnings continue to decline, the dividend may come under pressure. Every investor should make an assessment of whether the company is taking steps to stabilise the situation.
We'd also point out that Keurig Dr Pepper issued a meaningful number of new shares in the past year. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective.
Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. Keurig Dr Pepper's payout ratios are within a normal range for the average corporation, and we like that its cashflow was stronger than reported profits. Earnings per share are down, and to our mind Keurig Dr Pepper has not been paying a dividend long enough to demonstrate its resilience across economic cycles. While we're not hugely bearish on it, overall we think there are potentially better dividend stocks than Keurig Dr Pepper out there.
Given that earnings are not growing, the dividend does not look nearly so attractive. Businesses can change though, and we think it would make sense to see whatanalysts are forecasting for the company.
If you are a dividend investor, you might also want to look at ourcurated list of dividend stocks yielding above 3%.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Futures Rise as China Takes Steps Towards Trade War Resolution
The Wall Street Journal reported that China is ready to settle its trade dispute with the US. However, Chinese President Xi has some terms to present to President Trump.
China wants the US to lift its ban on the sale of US technology to telecommunications company Huawei Technologies Co. Another condition is for the US to remove all punitive tariffs and stop efforts to get China to buy more US exports than previously agreed.
Treasury yields have been range bound for most of the week with the 10-year yield continuing to range just about 2%. Gold prices have been drifting lower since hitting multi-year highs earlier in the week. The yellow metal was last seen hovering around the psychological $1400 for a second consecutive session.
The third reading of US GDP came in as expected, at an annualized 3.1% for the first quarter. Unemployment claims were a bit higher than expected, with seasonally adjusted initial claims at 227,000 last week. Analysts called for 220,000 claims. Pending home sales are scheduled for release shortly after the market open.
Oil prices are diverging somewhat from the well-known correlation with equities. WTI Crude oil is down 0.4% at the time of writing. Some technical resistance is in play as both the 100 and 200-day moving averages are interesting right around where the instrument currently trades.
The S&P 500 is down on the week, and has erased about three-quarters of last week’s gains in the week thus far. The index stalled out briefly trading at fresh record highs last week.
The Federal Reserve provided a catalyst for downside pressure in equities following two Fed member speeches earlier in the week. The speeches readjusted market expectations for easing measures in the United States. Ahead of the speeches, speculation had been growing that the central bank will cut 50 basis points in July.
The German Dax is up ahead of the US market open, however, the UK FTSE, French CAC 40, and Euro Stoxx 50 are all in the red.Volatilityhas been subdued for most of the week and all indices are trading not too far from where they started the week out.
Inflation figures out of Spain came in softer than expected. The National Statistics Institute reported year over year CPI to rise 0.4% in the flash reading versus an analyst estimate of 0.8%. It was the second consecutive report where the figure fell short. The consumer price index in Spain has been on a steady decline after topping at 2.3% around summer time last year.
Consumer prices in Germany were reported to rise ahead of expectations. Destatis showed preliminary CPI rising 0.3% in June, ahead of an expected rise of 0.2%. The figure was
The Japanese Nikkei rebounded sharply on Thursday, closing for a gain of 1.19% on the day. The index is in green territory for the week following today’s rise. However, it remains within the limits of a broader three-week range.
A weaker Japanese yen boosted the Nikkei as USD/JPY crossed above the 108 handle in early day trading. Despite a pullback in the currency pair back below the psychological price point, the yen remains the weakest major currency in the day thus far.
The article was written byAnthony Darvall, Chief Market Analyst ateasyMarkets
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Thisarticlewas originally posted on FX Empire
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Ford restructuring to cost 12,000 jobs in Europe
FRANKFURT, Germany (AP) — Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy investments in electric cars. The job losses amount to about a fifth of Ford's work force in Europe and are part of a broad restructuring that includes the previously announced closure of six plants. Ford is reducing its total number of plants in the region to 18. The company said that the positions would be eliminated mostly through voluntary agreements through the end of 2020. Some 2,000 of the cuts will be salaried positions, part of 7,000 white collar jobs being shed as part of a global restructuring by the Ford Motor Co., which is based in Dearborn, Michigan. "Separating employees and closing plants are the hardest decisions we make," said Ford of Europe President Stuart Rowley. He said the company was "providing support to ease the impact." The figure of 12,000 job losses includes some that have already been announced, such as 1,700 from the proposed closing of the engine plant in Bridgend, Wales. Ford is also closing a plant in France, three in Russia, and is selling another in Slovakia. The losses come from among the 56,000 people employed on salaried, hourly and agency bases by Ford of Europe as of last year. Ford of Europe, based in Cologne, Germany, said it hopes to "significantly improve" its financial results, after losing $398 million in 2018. Rowley told reporters on a conference call that financials would improve this year but stopped short of predicting a full-year profit. Ford and other global automakers are facing multiple challenges, including the expensive push to develop electric cars that will help them meet new emission rules in Europe and comply with regulations favoring alternative energy vehicles in China. They need strong profits to fund those investments. Ford of Europe said all its new vehicles would come with an electric variant, such as a battery or battery-internal combustion hybrid, and that it would build a future family of electric vehicles in Europe. Carmakers are also adapting to a shift in consumer demand to SUVs and to weaker demand for more traditional configurations such as sedans and hatchbacks. Longer-term challenges include the development of autonomous vehicles. Ford is in talks with Volkswagen about possibly developing self-driving cars together. General Motors said in November that it would lay off 14,000 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric technology. Daimler, maker of Mercedes-Benz cars, is working on a cost-cutting program under new CEO Ola Kallenius, while Volkswagen said in March it would eliminate up to 7,000 jobs by 2023. That's on top of a 2016 job reduction agreement that foresaw the loss of 23,000 jobs through 2020, and the addition of 9,000 through new technology. |
U.S. auto sales seen dropping in June: J.D. Power, LMC Automotive
(Reuters) - U.S. auto sales are expected to drop 1.5% in June from a year earlier, as higher prices continue to keep buyers away, according to industry consultants J.D. Power and LMC Automotive.
The consultancies estimate total U.S. vehicle sales of about 1.47 million units in June, with retail sales of new vehicles expected to drop 2.9% to 1.15 million units.
Demand for new vehicles was affected by higher prices, outweighing the strong economy and record-high consumer sentiment that otherwise should have boosted auto sales growth.
"Average transaction prices set a record during the first half which has big implications for manufacturer revenues," Thomas King, senior vice president of the data and analytics division at J.D. Power, said in a statement.
Despite lower volumes, net revenue of automakers is rising due to higher prices. New vehicle prices are on pace to reach $33,346 for the first six months and also the highest-ever for the first half of the year. The prices for the first half were up nearly 4% from a year earlier.
Average incentive spending per unit for the first six months, however, fell about $130 to $3,788, compared with a year earlier.
"A much more dovish Fed is under pressure and is now expected to make a series of interest rate cuts. This will provide support for auto sales in the second half of the year and help offset rising vehicle prices and the current level of incentives," Jeff Schuster, president of LMC Automotive's Americas operations and global vehicle forecasts, said in the statement.
The average number of days a new vehicle remain with dealers before being sold to a retail customer are 75 days through June 23, up six days from a year earlier.
But sales of used vehicles are getting a boost, offsetting challenges in new vehicle operations for many dealers.
Used vehicle sales at franchised dealers are expected to increase by nearly 9% in the first half, according to the consultancies.
LMC Automotive, however, maintained its forecast for total light-vehicle sales of 16.9 million units in 2019, a 2.1% fall from the previous year.
(Reporting by Rachit Vats in Bengaluru and Nick Carey in Detroit; Editing by James Emmanuel) |
U.S. economic growth surges in first-quarter, but momentum fizzling
By Lucia Mutikani
WASHINGTON (Reuters) - U.S. economic growth accelerated in the first quarter, the government confirmed on Thursday, but the export and inventory boost to activity masked weakness in domestic demand, some of which appears to have prevailed in the current period.
Federal Reserve Chairman Jerome Powell last week acknowledged the temporary lift to economic growth from trade and inventories, which he described as "components that are not generally reliable indicators of ongoing momentum."
The U.S. central bank last Wednesday signaled interest rate cuts as early as July, citing rising risks to the economy, especially from an escalation in the trade conflict between the United States and China, and low inflation.
"First-quarter GDP paints a misleading picture of the U.S. economy's vigor at the start of the year, and second-quarter GDP will come as a timely reminder that the economy is now well past its inflection point," said Lydia Boussour, a senior U.S. economist at Oxford Economics in New York.
Gross domestic product increased at a 3.1% annualized rate, also driven by more spending on highways and defense, the Commerce Department said in its third reading of first-quarter GDP. That was unchanged from its estimate last month and in line with economists' expectations. The economy grew at a 2.2% pace in the October-December period.
Despite the unchanged reading, growth in consumer spending was revised lower and business investment in intellectual property products was stronger than previously estimated.
There were also upward revisions to spending on nonresidential structures and government expenditure. Revisions to the trade deficit and inventory accumulation were minor.
Excluding trade, inventories and government spending, the economy grew at only a 1.3% rate in the first quarter. That was the slowest rise in this measure of domestic demand since the second quarter of 2013.
When measured from the income side, the economy grew at a tepid 1.0% rate in the last quarter. Gross domestic income (GDI) was previously reported to have increased at a rate of 1.4%. The income side of the growth ledger was curbed by a dip in profits.
After-tax profits without inventory valuation and capital consumption adjustment, which correspond to S&P 500 profits, fell at a 0.2% rate as earnings of domestic nonfinancial corporations decreased.
The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic activity, increased at a 2.1% rate in the January-March period, down from the 2.2% growth pace estimated last month.
Inflation was also muted in the first quarter. A gauge of inflation tracked by the Fed increased at a 1.2% rate, revised up from the previously reported 1.0% pace.
The economy will mark 10 years of expansion in July, the longest on record. But momentum is slowing, with manufacturing struggling, the trade deficit widening again and the housing sector still mired in a soft patch.
While consumer spending appears to have regained speed in the second quarter, business investment in equipment is expected to have contracted further following Wednesday's weak report on durable goods orders in May. The trade war between Washington and Beijing is hurting both business and consumer confidence.
"Just as the expansion is set to become the longest in U.S. history, recession fears have increased," said Scott Hoyt, a senior economist at Moody's Analytics in West Chester, Pennsylvania. "U.S. businesses appear spooked by the president's capricious trade policy."
The Atlanta Fed is forecasting GDP growth to rise at a 1.9% annualized rate in the April-June quarter.
The dollar <.DXY> was little changed against a basket of currencies, while U.S. Treasury prices edged up. U.S. stocks were trading higher.
JOBLESS CLAIMS RISE
Though a separate report from the Labor Department on Thursday showed the number of Americans filing applications for unemployment benefits rose more than expected last week, there is still no sign of a significant pickup in layoffs as economic growth shifts into lower gear.
Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 227,000 for the week ended June 22. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 2,250 to 221,250 last week.
"Job creation may be slowing, but employers do not appear to be trimming their payrolls more aggressively," said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan.
The GDP report showed the trade deficit narrowed to $905.0 billion in the first quarter, instead of $903.6 billion as reported last month. Trade contributed 0.94 percentage point to GDP rather than the 0.96 percentage point estimated last month.
The U.S.-China trade tensions have caused wild swings in the trade deficit, with exporters and importers trying to stay ahead of the tariff fight between the two economic giants.
The standoff has also had an impact on inventories. Growth in inventories was revised down to a $122.8 billion rate in the first quarter from the previously estimated $125.5 billion pace.
Part of the inventory build was because of weak demand. Inventories contributed 0.55 percentage point to first-quarter GDP, rather than the 0.60 percentage point reported last month.
Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised down to a 0.9% rate, the weakest in a year, from the previously reported pace of 1.3%.
Business spending on equipment declined at an unrevised rate of 1.0% rate, the worst performance in three years. Government investment increased at a 2.8% rate, up from the 2.5% rate reported last month.
(Reporting by Lucia Mutikani; Editing by Paul Simao) |
A Spotlight On Aktieselskabet Schouw & Co.'s (CPH:SCHO) Fundamentals
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Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Aktieselskabet Schouw & Co. (CPH:SCHO) due to its excellent fundamentals in more than one area. SCHO is a financially-robust company with a a strong track record superior dividend payments, trading at a great value. Below, I've touched on some key aspects you should know on a high level. For those interested in understanding where the figures come from and want to see the analysis, take a look at thereport on Aktieselskabet Schouw here.
SCHO's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This suggests prudent control over cash and cost by management, which is a crucial insight into the health of the company. SCHO appears to have made good use of debt, producing operating cash levels of 0.23x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated. SCHO's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. This mispricing gives investors the opportunity to buy into the stock at a cheap price compared to the value they will be receiving, should analysts' consensus forecast growth be correct. Also, relative to the rest of its peers with similar levels of earnings, SCHO's share price is trading below the group's average. This supports the theory that SCHO is potentially underpriced.
SCHO is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.
For Aktieselskabet Schouw, there are three important factors you should further research:
1. Future Outlook: What are well-informed industry analysts predicting for SCHO’s future growth? Take a look at ourfree research report of analyst consensusfor SCHO’s outlook.
2. Historical Performance: What has SCHO's returns been like over the past? Go into more detail in the past track record analysis and take a look atthe free visual representations of our analysisfor more clarity.
3. Other Attractive Alternatives: Are there other well-rounded stocks you could be holding instead of SCHO? Exploreour interactive list of stocks with large potentialto get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
4 Large-Cap Utilities on a Roll: Can They Climb Higher?
Amid geopolitical tensions in Iran and an impending global economic slowdown, one sector that is immune to the vagaries of economic cycle is the utility sector. Utilities are relatively protected from large swings in the stock market and are therefore considered a defensive investment, unaffected by economic cycles and politics.
Utility companies enjoy a reputation for safety, given the regulated nature of businesses, which lend their revenues a high level of certainty. These companies also benefit from the domestic orientation of their businesses, which shield them from foreign currency translation issues. Utilities offer solid dividend payouts and excellent capital appreciation over the longer term.
Last week, the Utilities Select Sector SPDR (XLU) hit a 52-week high of $61.38. Many of the utility stocks are currently trading near 52-week high and are expected to scale higher. Below we have highlighted four notable utilities, namely NextEra Energy, Inc. NEE, Southern Company SO, Dominion Energy Inc. D and Exelon Corporation EXC. Let’s analyze the driving factors behind each stock individually.
Strategic Capital Investments Bode Well for NextEra
NextEra — the biggest utility stock in terms of market capitalization — hit a 52-week high of $208.91 a couple of days back, before closing the trading session a tad lower at $206.22. The stock has increased 18.7% on a year-to-date basis. In the past five years, NextEra’s earnings increased around 8%, compounded annually. The company’s dividend growth has been impressive. Well chalked-out capital investment plan, solid portfolio of natural gas pipeline projects and the addition of renewable generation assets are boosting the firm’s performance.The Zacks Rank #3 (Hold) company intends to invest nearly $39.5 billion in different projects over the 2019-2023 period. These investments will be directed to modernize and strengthen the existing infrastructure of the company, enabling it to serve the expanding customer base more effectively. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AGL Resources Buyout Fuels Southern Company
Southern Company, with a market cap of $58 billion, hit a 52-week high of $56.54 on Jun 24. Year to date, shares of the company have rallied 27.4%. The buyout of energy services holding company, AGL Resources Inc., helped Southern Company to significantly increase the customer base, while diversifying business by adding gas distribution assets. Operational and commercial synergies from the deal will likely be accretive to Southern Company’s earnings in the long run. The company’s solid dividend yield and promising prospects of Vogtle plant are major positives. Southern Company’s divestment efforts to streamline portfolio and reduce debt bode well for the firm.
Merger With SCANA Buoys Dominion
Dominion (with a market cap of $63 billion) closed yesterday’s trading session at $76.46, just a little lower than 52-week high of $79.47 that was attained on Jun 24. The stock has risen more than 10% on a year-to-date basis. Investments to expand and strengthen its existing infrastructure, along with contribution from organic and inorganic assets are like to keep up the momentum of Dominion. Dominion completed the merger with SCANA Corporation on Jan 1, 2019, which added several high-quality businesses to its existing business. Dominion plans to invest $26 billion in the 2019-2023 time period to strengthen its existing infrastructure. Secured earnings from more than 95% regulated assets will drive Dominion’s bottom-line growth.
Robust Investment and Cost Discipline to Drive Exelon
Exelon, with a market cap of around $46 billion, hit a 52-week high of $51.18 earlier this month. The stock has risen 6% on a year-to-date basis and carries enough promise to scale further. Exelon’s organic investment is poised to strengthen the existing portfolio of assets, cost management and the hedging program.It plans to invest nearly $22.9 billion over the 2019-2022-time frame to improve the reliability of operations. Exelon expects earnings per share to increase in the range of 6-8% per year during the 2018-2022 time period, courtesy of rate base growth. Utility customers across Exelon’s service territories benefited from tax reforms and cost-saving initiatives undertaken by the company. In addition, strong cash flow generating capacity will allow Exelon to lower outstanding debt in the range of $2.2-$2.8 billion over the next four years.
Breakout Biotech Stocks with Triple-Digit Profit Potential
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Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportExelon Corporation (EXC) : Free Stock Analysis ReportNextEra Energy, Inc. (NEE) : Free Stock Analysis ReportDominion Energy Inc. (D) : Free Stock Analysis ReportSouthern Company (The) (SO) : Free Stock Analysis ReportTo read this article on Zacks.com click here. |
Credit Suisse Initiates Tesla At Underperform, Says Company Compares 'Most Appropriately' To Volkswagen
Another analyst has initiated bearish coverage on Tesla Inc (NASDAQ: TSLA ). The Analyst Credit Suisse analyst Dan Levy initiated coverage of Tesla with an Underperform rating and $189 price target. The Thesis Levy said investors should be comparing Tesla’s business and valuation to an auto industry incumbent, and he said Tesla compares “most appropriately” to Volkswagen (OTC: VWAGY ) given Volkswagen’s size and focus on EVs. In the battle against the legacy automakers, Levy said Tesla has several advantages, including leading electrification technology and software and cost efficiencies. In addition to having lower battery costs, Tesla doesn’t face the same challenge in updating legacy factories and technology, Levy said. Tesla also has several disadvantages to established automakers. Levy said Tesla is smaller and less capitalized, it operates on a much smaller scale and is has struggled with even the basic auto industry processes. In the long term, Levy said Tesla will most likely “settle as a niche automaker,” and he expects the Tesla versus Volkswagen debate to continue for at least another decade. For investors, Levy said Tesla’s potential upsie will come down to whether or not it can differentiate itself from the low-multiple legacy auto stocks. “Ultimately, if Tesla can’t maintain healthy margins, then its edge in the differentiating aspects of the auto business will be a moot point,” Levy wrote in a note. Price Action Tesla shares traded around $219.42 on Thursday morning. The stock is down 35.7% overall in the past year. Related Links: Wedbush Lowers Tesla Q2 Delivery Estimate Morgan Stanley Says The Market Is Underappreciating Tesla's AV Business Latest Ratings for TSLA Jun 2019 Initiates Coverage On Underperform Jun 2019 Reiterates Sell Jun 2019 Upgrades Neutral Buy View More Analyst Ratings for TSLA View the Latest Analyst Ratings See more from Benzinga Morgan Stanley Says The Market Is Underappreciating Tesla's AV Business Tilson Talks Tesla Deliveries And Guidance, Staying Adaptable As A Trader © 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
Exxon to partner with carbon capture firm
June 27 (Reuters) - Exxon Mobil Corp on Thursday said it would partner with Global Thermostat to try to bring carbon capture technology to industrial scale.
It is the latest low-carbon investment for Exxon, which has come under criticism for its climate policies. Exxon did not say what the project would cost.
New York-based Global Thermostat's technology uses chemicals called amines to capture and concentrate carbon dioxide from flue gas at industrial facilities or directly from the atmosphere.
The companies hope to take technology tested on a small scale and bring it to large industrial plants, said Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company.
One goal is to pilot the technology at an Exxon industrial site such as refining and chemical plants. "In many of those systems you have a CO2-containing gas," said Swarup.
Irving, Texas-based Exxon in May also said it would spend as much as $100 million over 10 years on research with two U.S. Department of Energy laboratories to bring lower-emissions technologies to commercial scale. (Reporting by Jennifer Hiller; Editing by Cynthia Osterman) |
Permitting Update on La India Project, Nicaragua
LONDON, UK / ACCESSWIRE / June 27, 2019 /Condor Gold ("Condor" or the "Company") (AIM: CNR; TSX: COG) is pleased to announce an update on the progress the Company is making with the permitting process at La India Project, Nicaragua.
The Company is making good progress with the completion of two Environmental Impact Assessments, which will be submitted to the Ministry of Environment and Natural Resource in the second half of 2019 and will apply for Environmental Permits for the high grade Mestiza and America satellite feeder pits as well, which have the potential to increase annual production from open pit material by 50% to 120,000 oz gold p.a. for a seven year life of mine. The feeder pits have in aggregate 206 thousand tonnes ("Kt") at a grade of 9.9 g/t (66,000 oz contained metal) in the Indicated category and 1,018Kt at 4.6 g/t (152,000 oz contained gold in the Inferred category) (see RNS dated 5 March 2019). Upon completion of the permitting of the two feeder pits approximately 1M oz gold of Mineral Resource in the Indicated and Inferred category will be permitted for extraction, producing approximately 800,000 oz gold. It is the intention to permit at a later stage the underground Mineral Resources of 1.27Mt at a grade of 5.8 g/t gold, for 238,000 oz gold in the Indicated category and 5.47Mt at a grade of 5.1 g/t gold, for 889,000 oz gold in the Inferred category.
As announced on 6 August 2018, Condor received an environmental permit to construct and operate a new mine at its La India Project (the "Permit"); the Permit contained certain conditions to be satisfied to allow construction to commence within 18 months of the grant. Due to the socio-political situation in Nicaragua, the construction phase for a new mine at Mina La India may begin beyond the overall 18 month period stipulated in the Permit. Although considerable progress has been made, the land acquisition for the mine site infrastructure has not been completed in the required timeframe and the final engineering designs are not anticipated to be completed in their entirety in accordance with the required timetable. Accordingly, the Company will be seeking under the terms of the Permit an extension of the timeline to complete the conditions of the Permit to produce approximately 600,000 oz gold from La India open pit. A further announcement will be made when this is progressed.
For further information please visitwww.condorgold.comor contact:
[{"Condor Gold plc": "Beaumont Cornish Limited", "Mark Child, Chairman and CEO+44 (0) 20 7493 2784": "Roland Cornish and James Biddle+44 (0) 20 7628 3396", "": ""}, {"Condor Gold plc": "Numis Securities Limited", "Mark Child, Chairman and CEO+44 (0) 20 7493 2784": "John Prior and James Black+44 (0) 20 7260 1000", "": ""}, {"Condor Gold plc": "Blytheweigh", "Mark Child, Chairman and CEO+44 (0) 20 7493 2784": "Tim Blythe, Camilla Horsfall and Megan Ray+44 (0) 20 7138 3204", "": ""}]
About Condor Gold plc:
Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in January 2018. The Company is a gold exploration and development company with a focus on Nicaragua.
In August 2018, the Company announced that the Ministry of the Environment in Nicaragua had granted the Company the Environmental Permit ("EP") for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly-owned La India gold project ("La India Project"). The EP is considered to be the master permit for mining operations in Nicaragua. Condor Gold published a PFS on La India Project in December 2014, as summarised in the Technical Report (as defined below). The PFS details an open pit gold Mineral Reserve in the Probable category of 6.9 Mt at 3.0 g/t gold for 675,000 oz gold, producing 80,000 oz gold per annum for seven years. La India Project contains a Mineral Resource of 9,850Kt at 3.6 g/t gold for 1,140Koz gold in the Indicated category and 8,479Kt at 4.3g/t gold for 1,179Koz gold in the Inferred category. The Indicated Mineral Resource is inclusive of the Mineral Reserve.
Disclaimer
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
Qualified Persons
The Mineral Resource Estimate has been completed by Ben Parsons, a Principal Consultant (Resource Geology) with SRK Consulting (U.S.), Inc, who is a Member of the Australian Institute of Mining and Metallurgy, MAusIMM(CP). Ben Parsons has some eighteen years' experience in the exploration, definition and mining of precious and base metal Mineral Resources. Ben Parsons is a full-time employee of SRK Consulting (U.S.), Inc, an independent Consultancy, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a "qualified person" as defined by NI 43-101 and as required by the June 2009 Edition of the AIM Note for Mining and Oil & Gas Companies. Ben Parsons consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.
The technical and scientific information in this press release has been reviewed, verified and approved by Andrew Cheatle, P.Geo., who is a "qualified person" as defined by NI 43-101.
Technical Information
Certain disclosure contained in this news release of a scientific or technical nature has been summarised or extracted from the technical report entitled "Technical Report on the La India Gold Project, Nicaragua, December 2014", dated November 13, 2017 with an effective date of December 21, 2014 (the "Technical Report"), prepared in accordance with NI 43-101. The Technical Report was prepared by or under the supervision of Tim Lucks, Principal Consultant (Geology & Project Management), Gabor Bacsfalusi, Principal Consultant (Mining), Benjamin Parsons, Principal Consultant (Resource Geology), each of SRK Consulting (UK) Limited, and Neil Lincoln of Lycopodium Minerals Canada Ltd., each of whom is an independent "qualified person" as defined by NI 43-101.
Forward Looking Statements
All statements in this press release, other than statements of historical fact, are 'forward-looking information' with respect to the Company within the meaning of applicable securities laws, including statements with respect to: the Mineral Resources, Mineral Reserves and future production rates and plans at the La India Project. Forward-looking information is often, but not always, identified by the use of words such as: "seek", "anticipate", "plan", "continue", "strategies", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", "could", "might", "will" and similar expressions. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions regarding: future commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the impact of increasing competition; general conditions in economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; the receipt of required permits; royalty rates; future tax rates; future operating costs; availability of future sources of funding; ability to obtain financing and assumptions underlying estimates related to adjusted funds from operations. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
Such forward-looking information involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to: mineral exploration, development and operating risks; estimation of mineralisation, resources and reserves; environmental, health and safety regulations of the resource industry; competitive conditions; operational risks; liquidity and financing risks; funding risk; exploration costs; uninsurable risks; conflicts of interest; risks of operating in Nicaragua; government policy changes; ownership risks; permitting and licencing risks; artisanal miners and community relations; difficulty in enforcement of judgments; market conditions; stress in the global economy; current global financial condition; exchange rate and currency risks; commodity prices; reliance on key personnel; dilution risk; payment of dividends; as well as those factors discussed under the heading "Risk Factors" in the Company's annual information form for the fiscal year ended December 31, 2017 dated March 29, 2018, available under the Company's SEDAR profile atwww.sedar.com.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Technical Glossary
Mineral ResourceMineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. An Inferred Mineral Resource has a lower level of confidence than that applied to an Indicated Mineral Resource. An Indicated Mineral Resource has a higher level of confidence than an Inferred Mineral Resource but has a lower level of confidence than a Measured Mineral Resource.
A Mineral Resource is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction.
The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling.
Material of economic interest refers to diamonds, natural solid inorganic material, or natural solid fossilized organic material including base and precious metals, coal, and industrial minerals.
The term Mineral Resource covers mineralization and natural material of intrinsic economic interest which has been identified and estimated through exploration and sampling and within which Mineral Reserves may subsequently be defined by the consideration and application of Modifying Factors. The phrase 'reasonable prospects for eventual economic extraction' implies a judgment by the Qualified Person in respect of the technical and economic factors likely to influence the prospect of economic extraction. The Qualified Person should consider and clearly state the basis for determining that the material has reasonable prospects for eventual economic extraction. Assumptions should include estimates of cutoff grade and geological continuity at the selected cut-off, metallurgical recovery, smelter payments, commodity price or product value, mining and processing method and mining, processing and general and administrative costs. The Qualified Person should state if the assessment is based on any direct evidence and testing.
Interpretation of the word 'eventual' in this context may vary depending on the commodity or mineral involved. For example, for some coal, iron, potash deposits and other bulk minerals or commodities, it may be reasonable to envisage 'eventual economic extraction' as covering time periods in excess of 50 years. However, for many gold deposits, application of the concept would normally be restricted to perhaps 10 to 15 years, and frequently to much shorter periods of time.
Inferred Mineral ResourceAn Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity.
An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
An Inferred Mineral Resource is based on limited information and sampling gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes. Inferred Mineral Resources must not be included in the economic analysis, production schedules, or estimated mine life in publicly disclosed Pre- Feasibility or Feasibility Studies, or in the Life of Mine plans and cash flow models of developed mines. Inferred Mineral Resources can only be used in economic studies as provided under NI 43-101.
There may be circumstances, where appropriate sampling, testing, and other measurements are sufficient to demonstrate data integrity, geological and grade/quality continuity of a Measured or Indicated Mineral Resource, however, quality assurance and quality control, or other information may not meet all industry norms for the disclosure of an Indicated or Measured Mineral Resource. Under these circumstances, it may be reasonable for the Qualified Person to report an Inferred Mineral Resource if the Qualified Person has taken steps to verify the information meets the requirements of an Inferred Mineral Resource.
Indicated Mineral ResourceAn Indicated Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit.
Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation.An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve.
Mineralization may be classified as an Indicated Mineral Resource by the Qualified Person when the nature, quality, quantity and distribution of data are such as to allow confident interpretation of the geological framework and to reasonably assume the continuity of mineralization. The Qualified Person must recognize the importance of the Indicated Mineral Resource category to the advancement of the feasibility of the project. An Indicated Mineral Resource estimate is of sufficient quality to support a Pre-Feasibility Study which can serve as the basis for major development decisions.
Mineral ReserveMineral Reserves are sub-divided in order of increasing confidence into Probable Mineral Reserves and Proven Mineral Reserves. A Probable Mineral Reserve has a lower level of confidence than a Proven Mineral Reserve.
A Mineral Reserve is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors. Such studies demonstrate that, at the time of reporting, extraction could reasonably be justified.
The reference point at which Mineral Reserves are defined, usually the point where the ore is delivered to the processing plant, must be stated. It is important that, in all situations where the reference point is different, such as for a saleable product, a clarifying statement is included to ensure that the reader is fully informed as to what is being reported.
The public disclosure of a Mineral Reserve must be demonstrated by a Pre-Feasibility Study or Feasibility Study.
Mineral Reserves are those parts of Mineral Resources which, after the application of all mining factors, result in an estimated tonnage and grade which, in the opinion of the Qualified Person(s) making the estimates, is the basis of an economically viable project after taking account of all relevant Modifying Factors. Mineral Reserves are inclusive of diluting material that will be mined in conjunction with the Mineral Reserves and delivered to the treatment plant or equivalent facility. The term 'Mineral Reserve' need not necessarily signify that extraction facilities are in place or operative or that all governmental approvals have been received. It does signify that there are reasonable expectations of such approvals.
'Reference point' refers to the mining or process point at which the Qualified Person prepares a Mineral Reserve. For example, most metal deposits disclose mineral reserves with a "mill feed" reference point. In these cases, reserves are reported as mined ore delivered to the plant and do not include reductions attributed to anticipated plant losses. In contrast, coal reserves have traditionally been reported as tonnes of "clean coal". In this coal example, reserves are reported as a "saleable product" reference point and include reductions for plant yield (recovery). The Qualified Person must clearly state the 'reference point' used in the Mineral Reserve estimate.
Probable Mineral ReserveA Probable Mineral Reserve is the economically mineable part of an Indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Mineral Reserve is lower than that applying to a Proven Mineral Reserve.
The Qualified Person(s) may elect, to convert Measured Mineral Resources to Probable Mineral Reserves if the confidence in the Modifying Factors is lower than that applied to a Proven Mineral Reserve. Probable Mineral Reserve estimates must be demonstrated to be economic, at the time of reporting, by at least a Pre-Feasibility Study.
Pre-Feasibility Study (Preliminary Feasibility Study)The CIM Definition Standards requires the completion of a Pre-Feasibility Study as the minimum prerequisite for the conversion of Mineral Resources to Mineral Reserves.
A Pre-Feasibility Study is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a preferred mining method, in the case of underground mining, or the pit configuration, in the case of an open pit, is established and an effective method of mineral processing is determined. It includes a financial analysis based on reasonable assumptions on the Modifying Factors and the evaluation of any other relevant factors which are sufficient for a Qualified Person, acting reasonably, to determine if all or part of the Mineral Resource may be converted to a Mineral Reserve at the time of reporting. A Pre-Feasibility Study is at a lower confidence level than a Feasibility Study.
SOURCE:Condor Gold
View source version on accesswire.com:https://www.accesswire.com/550115/Permitting-Update-on-La-India-Project-Nicaragua |
Pro-Bitcoin Presidential Candidate Andrew Yang to Shake Up Democratic Debate
Andrew Yang is the most crypto-friendly presidential candidate ever to mount a serious campaign for the White House. And he’s about to go toe-to-toe with the DNC establishment as the second night ofDemocratic debateskicks off on Thursday, featuring a stacked field of candidates.
Yang launched his presidential campaign with a strong commitment to providing clarity on bitcoin and digital assets. He believes “onerous” regulations like the New York BitLicense have held back innovation and he’s pledged to clarify the tax status of owning and selling digital assets.
Yang recently appeared at the Consensus conference earlier this year torally support from the crypto community.
“If I’m in the White House, oh boy are we going to have some fun in terms of the cryptocurrency community.”
Crucially, he promised to issue guidance on when a digital asset is considered a “security.” Presumably, this means he would lean hard on the Securities and Exchange Commission (SEC) which has yet to provide real clarity.
Yang is still a long-shot in a stacked Democratic field. He’s going up against established names like Joe Biden, Bernie Sanders, and Elizabeth Warren, but he’s alreadypolling higher than some career senators.
Read the full story on CCN.com. |
IBM gains unconditional EU approval for $34 billion Red Hat deal
BRUSSELS (Reuters) - U.S. tech giant International Business Machines Corp <IBM.N> on Thursday won unconditional EU antitrust approval for its $34 billion acquisition of software company Red Hat <RHT.N>. IBM is looking to the deal, its biggest to date, to expand its subscription-based software offerings to counter falling software sales and declining demand for mainframe servers. The European Commission said in a statement that it had concluded the transaction would raise no competition concerns. Reuters reported on June 19 that the deal would get the go-ahead. (Reporting by Foo Yun Chee; Editing by Alissa de Carbonnel) View comments |
Apple iPads, Audible free trials, Beats headphones, Amazon Kindles, and more on sale for June 27 in the UK
If you're a big Apple fan then you'll be over the moon with this roundup. We've lined up the best Apple deals for June 27 in the UK, alongside a large range of fantastic garden products to make sure you're all set for the sunny weekend.
Sometimes Apple discounts aren't only on the older models, as you can now pick up the latest AppleiPad Pro for only £1050— that's £469 off the list price. Other Apple deals include discounted Beats by Dr Dre headphones, cheap iPhones, including the iPhone X, and dazzling Apple iMac computers.
You can even get your hands on an excellent 30-day trial with Audible right now, which includes a free audio book alongside. Other deals up for grabs include an Amazon Kindle, a Western Digital hard drive, and a Char-Broil gas barbecue.Read more...
More aboutMashable Shopping,Apple Iphone X,Shopping Uk,Uk Deals, andApple Ipad Pro
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Coupa Partners With PayPal to Offer New Payment Solutions
Coupa Software Inc.COUP announced collaboration with PayPal PYPL by which Coupa Pay users can access their PayPal account, which in turn will enhance customer experience.
The latest integration enables Coupa Pay users with more flexibility when paying PayPal-enabled suppliers, consequently ensuring hassle-free and secure online payment experience for buyers and suppliers.
Coupa Pay solution offers an optimized “one-stop-shop” for the company’s all B2B payment processing and transaction thereby increasing visibility and control. We believe the integration is aimed at providing significant better experience for customers, with more spending volume on their credit and debit cards, lower operational costs and improved security.
Per Ravi Thakur, senior vice president of business acceleration at Coupa, “As a leading global brand and payments innovator, PayPal will provide our community of buyers and suppliers the flexibility, simplicity, and security they need to pay and get paid smarter."
The partnership between Coupa Pay and PayPal reflects the ongoing hybrid ecosystem in payment methods, wherein companies are reluctant to miss out on business owing to rigidity in check-out options.
The companies are integrating their respective payment portals to provide seamless online experience to end-users. These initiatives are anticipated to bolster growth of transactional revenues and strengthen partner base.
What Investors Needs to Know
The Coupa Pay-PayPal partnership is expected to strengthen the presence of both the companies in the digital payment market, currently projected to hit $7.64 trillion by 2024 from approximately $3.42 trillion in 2018, per ResearchAndMarkets.
The move will make the payment process lot easier and quicker. By offering seamless payment option, PayPal’s account adoption will improve which in turn will aid growth of its transactional revenues. Further, this will strengthen the company’s partner base.
This move is also expected to bolster user base of Coupa services. Additionally, it will augment Coupa’s payment services which will help the company to gain competitive edge in the market.
Notably, the stock has returned 89.2% on a year-to-date basis, substantially outperforming the industry’s rally of 30.6%.
Last Words
Coupa Software is benefiting from expanding customer base on the back of growing adoption of spend management platform. This is likely to help drive subscription services revenues and gross margin.
The company’s expanding relationship with Amazon Web Services (AWS) bodes well. The deal will enable customers to easily configure their AWS account to send invoices into Coupa Software's platform for touchless digital processing. This move provides greater visibility and efficiency in IT cloud spending.
Further, Coupa Software is benefiting from expanding customer base on the back of growing adoption of spend management platform. Moreover, an improving partner base is anticipated to drive the top line.
Zacks Rank & Key Picks
Coupa currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader technology sector are Match Group, Inc. MTCH and Autohome Inc. ATHM, each flaunting a Zacks Rank #1 (Strong Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Match Group and Autohome have a long-term earnings growth rate of 15.2% and 20.9%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportAutohome Inc. (ATHM) : Free Stock Analysis ReportMatch Group, Inc. (MTCH) : Free Stock Analysis ReportPayPal Holdings, Inc. (PYPL) : Free Stock Analysis ReportCOUPA SOFTWARE (COUP) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
McCormick (MKC) Q2 Earnings Beat Estimates, FY19 View Raised
McCormick & Company, IncorporatedMKC posted second-quarter fiscal 2019 results, wherein both earnings and sales improved year over year. Also, the bottom line came ahead of the Zacks Consensus Estimate. Results benefited from improved volumes and product mix in the company’s base business and new product offerings.We note that this Zacks Rank #3 (Hold) stock has gained 1.3% in the past three months, outperforming the industry’s growth of 0.3%.
Quarter in DetailAdjusted earnings of $1.16 per share improved 14% on a year-over-year basis, and surpassed the Zacks Consensus Estimate of $1.09. The bottom-line growth was backed by increased adjusted operating income and lower adjusted tax rate. However, foreign currency rates had an adverse impact on the bottom line.This global leader of flavors and spices generated sales of $ 1,301.9 million that inched up nearly 0.1% year over year, including currency headwinds of roughly 3%. On a constant-currency (cc) basis, the top line improved 3%. Top-line growth was completely organic, and fueled by increased volumes and favorable product mix. Further, both Consumer Business and Flavor Solutions segments witnessed higher sales at cc. However, sales fell short of the Zacks Consensus Estimate of $1,311 million.Gross profit rose 0.6% to $508.5 million, whereas the gross margin expanded 30 basis points (bps) to 39.1%.Adjusted operating income increased about 5.1% to $215.2 million, while it rose 8% at cc. Further, adjusted operating margin expanded 80 bps to 16.5%. The upside can be accountable to savings from the company’s CCI program along with transaction and integration costs related to the acquisition of the Frank's and French's brands.Segment DetailsConsumer Business: Sales declined 0.6% to $764.1 million, though it grew 2% at cc on improvements in Asia Pacific and Americas regions. This, in turn, was driven by improved distribution and new products. Sales in the Americas rose 2% at cc. This was mainly driven by volume growth and improved product mix. Sales in the Asia-Pacific region grew 3% at cc, mainly owing to solid performance in India and Australia. In the EMEA region, sales rose 1% at cc, owing to volume enhancements and product mix.Flavor Solutions: Sales in the segment rose 1% from the prior-year quarter’s figure to $537.8 million. At cc, sales increased 4% on improved performance in all regions, especially EMEA. This, in turn, was backed by product innovation, improved distribution and higher promotional activities. Sales in the Americas grew 3% at cc, driven by higher sales to quick-service restaurants, and increased sales of flavors and seasonings. Sales in the EMEA region improved 9% at cc, driven by broad-based growth, volume growth and favorable product mix. Sales in the Asia-Pacific region inched up 2% at cc, backed by improved sales to quick-service restaurants.Financial UpdateMcCormick exited the quarter with cash and cash equivalents of $139.4 million, long-term debt of $3,977.5 million and shareholders’ equity of $3,382.6 million. For the second quarter of fiscal 2019, net cash provided by operating activities was $314.2 million.
McCormick & Company, Incorporated Price, Consensus and EPS Surprise
McCormick & Company, Incorporated price-consensus-eps-surprise-chart | McCormick & Company, Incorporated Quote
Fiscal 2019 GuidanceThe company expects continued rise in global demand for flavors and fresh food offerings. With solid growth strategies in place, the company expects to successfully meet consumers’ rising demand. To this end, McCormick is striving to utilize resources more efficiently and reduce costs to increase savings.That said, management reiterated its sales projections for fiscal 2019, while it updated earnings and operating income view. The company continues to expect sales growth of 1-3% (up 3-5% at cc). It expects to achieve top-line growth completely on an organic basis, as it anticipates no benefits from acquisitions. That said, sales are likely to be driven by efforts like product launches, and expanded distribution and marketing. Also, strong pricing is expected to aid sales growth and counter elevated cost hurdles.Incidentally, the company still anticipates to achieve cost savings of almost $110 million in fiscal 2019, which will be utilized for enhancing margins, sponsoring growth-oriented investments and offsetting high costs.Moreover, McCormick now projects adjusted operating income to grow 6-8%, while it is likely to increase 8-10% at cc.Finally, adjusted earnings for fiscal 2019 are projected to be $5.2-$5.3 per share, up from the previous guidance of $5.17-$5.27. The bottom line is expected to grow 7-9% at cc. The consensus mark is currently pegged at $5.27.Don’t Miss These Solid Food StocksGeneral Mills GIS, with a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 7%. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Campbell Soup Company CPB, with a Zacks Rank #2, has a long-term earnings growth rate of 5%.The Chefs' Warehouse CHEF, with a Zacks Rank #2, has a long-term earnings growth rate of 15%.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportThe Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis ReportCampbell Soup Company (CPB) : Free Stock Analysis ReportMcCormick & Company, Incorporated (MKC) : Free Stock Analysis ReportGeneral Mills, Inc. (GIS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
How Many ADMA Biologics, Inc. (NASDAQ:ADMA) Shares Did Insiders Buy, In The Last Year?
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We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we'll take a look at whether insiders have been buying or selling shares inADMA Biologics, Inc.(NASDAQ:ADMA).
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.
We don't think shareholders should simply follow insider transactions. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard Universitystudyfound that 'insider purchases earn abnormal returns of more than 6% per year.'
See our latest analysis for ADMA Biologics
In the last twelve months, the biggest single purchase by an insider was when Co-Founder Adam Grossman bought US$120k worth of shares at a price of US$4.00 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$3.59). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Over the last year, we can see that insiders have bought 76500 shares worth US$306k. ADMA Biologics may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at thisfreelist of companies. (Hint: insiders have been buying them).
It's good to see that ADMA Biologics insiders have made notable investments in the company's shares. Overall, five insiders shelled out US$306k for shares in the company -- and none sold. This is a positive in our book as it implies some confidence.
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own US$4.1m worth of ADMA Biologics stock, about 1.9% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that ADMA Biologics insiders are reasonably well aligned, and optimistic for the future. Therefore, you should should definitely take a look at thisFREEreport showing analyst forecasts for ADMA Biologics.
But note:ADMA Biologics may not be the best stock to buy. So take a peek at thisfreelist of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
US to Drive Global Oil Production Growth in the Next Decade
The United States is expected to lead global oil output growth for the next 10 years. This view has been expressed by the chief economist of ConocoPhillips COP, Helen Currie, to S&P Global Platts. Moreover, she expects tight oil to grow beyond 2030s and U.S. crude exports to boom.
Shale Dominance
Currie believes that production of tight oil, otherwise known as shale oil, will keep growing even after 2030s, despite the prices remaining moderate. This could give the United States an advantage over other crude-producing countries. The primary reason behind the dominance of tight oil, even in a moderate price environment, is significantly low cost of production at shale plays like Permian and Williston Basins, Eagle Ford Shale, and others. Experts say that it is cheaper to drill and complete oil wells in the Permian Basin compared with other major fields.
Markedly, buying stocks that have immense presence in the Permian will definitely be beneficial for investors in the long run. Per GlobalData Energy, companies like EOG Resources, Inc. EOG, Exxon Mobil Corporation’s XOM subsidiary XTO Energy, Pioneer Natural Resources Company PXD and Chevron Corporation CVX have one of the lowest breakeven prices in the region. At lateral lengths in the range of 7,560-10,500 feet, these companies have breakeven prices of less than $26 per barrel. In comparison, the lowest WTI Crude benchmark reached over the past year was near $40 per barrel toward 2018-end.
Chevron currently has a Zacks Rank #1 (Strong Buy), while EOG Resources, ExxonMobil and Pioneer Natural carry Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Production Surges & Exports Boom
Per U.S. Energy Information Administration (EIA), 2018 crude output in the country reached a record level of 11 million barrels per day (BPD). The output is expected to rise 1.4 million BPD in 2019 and 0.9 million BPD in 2020. Enterprise Products Partners L.P. EPD, a Houston, TX-based midstream giant, expects U.S. oil and condensate production to grow 46% to 17 million BPD from the current level within 2025.
Given the surge in domestic oil output, crude exports from the United States are bound to grow rapidly. Enterprise Products expects more than 50% of production or 8 million BPD to be exported in 2025, which will mostly be light, low-sulfur crude oil. This will surely require more export infrastructure. Currie acknowledges the hurdles the proposed exporting facilities are facing, especially in the Gulf Coast. However, she foresees these constraints as temporary issues and not permanent ones.
Crude Demand Support
Although recent international political tensions have affected the global energy market, the situation is expected to improve in the long run. The growing tension stemmed from the trade war between the United States and China has dampened the demand outlook for 2019. However, surging demand for crude in Asia, Europe and Latin America is expected to support U.S. production growth in the long term. Rising global refining demand is expected to absorb a big chunk of future production. In the domestic market, the expansion of Gulf Coast refineries and petrochemical plants, and other proposed projects will likely support a considerable portion of the projected output. Notably, per International Energy Agency, the demand for plastics is anticipated to double over the next two decades. This will likely comprise more than 33% of total oil demand growth by 2030.
Last Words
For the next 10 years, ConocoPhillips expects net oil production growth from the Organization of the Petroleum Exporting Countries (OPEC) in the range of 2-3 million BPD. As such, rising global oil demand will largely rely on non-OPEC production. The United States, one of the major non-OPEC producers, will lead supply growth with the help of shale power. The appetite for light U.S. crude in the Asian markets will support the country’s oil exports well into the future. This will further strengthen U.S. shale dominance in the global market.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of+98%,+119%and+164%in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportEnterprise Products Partners L.P. (EPD) : Free Stock Analysis ReportExxon Mobil Corporation (XOM) : Free Stock Analysis ReportChevron Corporation (CVX) : Free Stock Analysis ReportEOG Resources, Inc. (EOG) : Free Stock Analysis ReportPioneer Natural Resources Company (PXD) : Free Stock Analysis ReportConocoPhillips (COP) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
What the 2020 Democratic Candidates Didn’t Say During the First Debate
The first night of the 2020 Democratic debates was loaded with hot-button issues such as health care, gun control, and immigration. Hosted by NBC in Miami, round one included just 10 of the 24 Democrats vying for the White House.
Single-issue candidates like Governor Jay Inslee (climate change) and Rep. Tulsi Gabbard (foreign policy) got their moments to shine, andJulián Castrowas able to dive into the details of his immigration reform plan, but it remains to be seen if single-issue voters were all satisfied by Wednesday’s debate. With 10 presidential candidates and just two hours of airtime, not every subject made the cut.
Reparations for black Americanshas been in the spotlight during this campaign cycle, especially following the House Judiciary Committee’sJuneteenth hearingon the matter, but the subject was absent from the debate stage.
Many candidates addressed the need for criminal justice reform and changes in police enforcement. Sen. Cory Booker, formerly the mayor of Newark, New Jersey, spoke of the gun violence he sees living in a majority black and brown community. New York City Mayor Bill de Blasio said he’s had to have serious talks with his black son about “how to protect himself in the streets of our city and all over the country.” Still, while race and discrimination were addressed, reparations were not mentioned.
NBC’s debate moderators attempted to breach the subject of a wealth tax, but former congressman Beto O’Rourke, to whom the question was addressed, spoke more about raising the corporate tax rate (a subject on which many Democratic 2020 contenders agree). Indeed, most of the candidates had a fair amount to say about the need to break up corporate concentrations.
Not even Sen. Elizabeth Warren used the stage to champion herproposed ultra-millionaire tax. This is despite the fact that more than a dozen of the country’s richest citizens—including George Soros, AbigailDisney, andFacebookco-founder Chris Hughes—recentlypublished an open letterto the 2020 candidates calling on them to pass such a measure.
The debate moderators also didn’t press the issue of infrastructure, even though two of the candidates present have outlined plans to address the subject. Sen. Amy Klobuchar released a$1 trillion planin March, outlining how she aims to connect households to the internet by 2022 and rebuild U.S. highways, public transit, and more with sustainable solutions. Former congressman John Delaney hasproposed $2 trillionto reach similar goals.
Despite the price tag and potential impact of these plans, the issue of infrastructure was left out from the debate. Instead, many of the candidates spoke about topics such as the need for green energy investment and remodeled manufacturing. Congressman Tim Ryan in particular addressed the need to remain accountable to those losing their jobs to factories overseas.
Finally, the participants on Wednesday night’s stage came with varying degrees of political experience—a fact all but Klobuchar left untouched (Klobuchar said her peers could not match the amount of legislation she’s sponsored or co-sponsored). Although President Donald Trump won the 2016 election without having previously held elected office, some 2020 Democrats are likely to take similar shots at the resumes of their opponents when the field narrows.
Most candidates are current or former members of Congress, while others hail from state or even municipal offices: de Blasio is mayor of the nation’s most populous urban center New York City, and Inslee is governor of Washington. Castro, meanwhile, served as Secretary of Housing and Urban Development in the Obama Administration.
—4 times 2020 candidates clashed during theDemocratic debate
—5 things to watch for onnight 2of the Democratic presidential debate
—What the2020 Democratic candidates didn’t sayduring the first debate
—Elizabeth Warrenholds her own as lesser-knowns break out in first debate
—Julián Castrobreaks out in a debate defined by border policy and immigration
—Can socialism win in 2020?Democrats aren’t embracing it |
Yamaha Marine Working with Clearwater Mills to Prevent Marine Pollution
KENNESAW, Ga.–(BUSINESS WIRE)–Yamaha U.S. Marine Business Unit and Clearwater Mills, L.L.C. of Pasadena, Md., agreed today to jointly design a device for removing plastics and other floating debris from coastal stormwater systems. Yamaha plans to deploy the device as part of its Yamaha Rightwaters™ sustainability campaign, a national program focused on water, which includes conservation, habitat restoration and projects to reduce marine debris.
Clearwater Mills is the creator of Mr. Trash Wheel®, which has become famous in recent years for all but eliminating floating debris in the Baltimore Harbor. The jointly designed Clearwater Mills/Yamaha Rightwaters device will differ from Mr. Trash Wheel®, as it will be land based and electrically powered. (Mr. Trash Wheel®is moored, buoyant and primarily powered by natural water flow.)
To date, Mr. Trash Wheel®has prevented 1,200 tons of debris from entering the Harbor, the Chesapeake Bay and the Atlantic Ocean. Because of the success of Mr. Trash Wheel®, Baltimore has added Professor Trash Wheel and Captain Trash Wheel; a fourth Trash Wheel is in the works for the Harbor. Yamaha and Clearwater Mills plan to deploy the new Yamaha Rightwaters device in coastal Ga.
“The challenge we face with the Yamaha Rightwaters design is to ensure it operates efficiently where water flow is inconsistent,” said John Kellett, President, Clearwater Mills. “If we can make this pilot project work, we will have created something we can use to keep debris out of marshlands, coastal waterways and off the beaches all along the Atlantic Coast.”
“Part of why Mr. Trash Wheel is so efficient is its location – a river that feeds a harbor. The beauty of the device we’re developing is that it’s designed to collect debris at a critical point before it disperses into a larger body of water. Together with Clearwater Mills, officials from Glynn County and the City of Brunswick, we’ve identified the point in the stormwater system where we can capture the greatest amount of debris,” said Martin Peters, Yamaha Marine Division Manager, Government Relations. “Now we enter the design phase. Our role at Yamaha is to integrate the power and electronic control systems for the device. Our Yamaha Marine Boat Power Systems Advanced Development Engineering Team will take on that part of the project.”
The proposed location for the device is a spillway that drains stormwater from a large residential and commercial area of Glynn County into the adjacent estuary. Water depth over the spillway can vary from several inches to as much as 18 feet, depending upon rainfall intensity and duration in the area. Yamaha, Glynn County, the City of Brunswick and Clearwater Mills aim to have a working prototype installed in the waterway by the second quarter of 2020.
“Georgia is home to 1,800 Yamaha employees, and that’s why we have started here,” said Peters. “If the pilot project goes well, we’ll work toward finding ways to install similar devices nationally. For us, the end game is cleaner water everywhere. Debris transported by stormwater contributes to ocean microplastics pollution, injures sea life and is a hazard to navigation. We invite anyone who boats and fishes to get engaged in existing projects to keep debris out of our waterways.”
Yamaha Rightwaters sponsored a Coastal Georgia cleanup project with Georgia’s Keep Golden Isles Beautiful organization on World Oceans Day, June 8. The effort united 18 nonprofit, education and government organizations in a simultaneous coast-wide litter removal. The group collected 4,572 pounds (2.3 tons) of trash, including more than 5,200 cigarette butts and 19 tires.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.
Contacts
John KellettPresidentClearwater Mills, LLCMobile: (410) 952-6370kellett.clearwatermills@gmail.com
Neal WheatonWilder+Wheaton forYamaha Marine Engine SystemsMobile: (404) 317-0698Neal.wheaton@gmail.com |
Telecom Stock Roundup: Harris Gets Merger Nod, BlackBerry's Q1 Results & More
In the past five trading days, telecom stocks witnessed a relatively flat trajectory as the industry awaited an early resolution to the trade war on the proposed resumption of bilateral trade talks between President Trump and his Chinese counterpart on the sidelines of G20 summit. The improvement in the Sino-U.S. relationship is expected to buoy the industry that has borne the brunt of the tariff war with various trade restrictions affecting the supply chain mechanism and risking business sustainability.Despite the outreach and visible camaraderie, the Trump administration has initiated a 150-day review process of the U.S. telecommunications supply chain to ensure that 5G equipment used in the country is designed and manufactured outside China. The government is seeking an informal response from various equipment manufacturers to thwart any possible data espionage by eliminating purported attempts by Chinese engineers to insert security holes into technology made in China. The U.S. officials are reportedly mulling to allow the manufacturing of benign analog components, such as power converters and protective cases in the communist nation. But they intend to restrict the same for ‘intelligent’ components that deal with data-intensive applications like cellular-tower hardware, routers and switches.At the same time, with strict government restrictions still in place for Chinese telecom equipment manufacturer Huawei, several small rural U.S. telecom carriers are considering to tap its rivals Nokia and Ericsson to replace their banned equipment. However, negotiations to switch from low-priced components to pricier alternatives are likely to be fruitful only when the Congress approves $700 million in subsidies for the changeover. The uncertainties have effectively put the sustainability of the rural wireless carriers at stake, risking several jobs.In order to safeguard their business interests, various U.S. firms have started to circumvent the law to continue trading with Huawei. Leveraging the de minimis rule, various technology firms are supplying components that are manufactured in overseas territories to Huawei. This has offered some respite to the U.S. firms, and assumes added significance as the government continues to expand the curbs on technology export to China.It remains to be seen how the bilateral negotiations in Osaka, Japan, pan out in the future and eliminate the various stumbling blocks that threaten to derail the global economy, while boosting the beleaguered telecom industry.Regarding company-specific news, regulatory approval, earnings, collaborations and strategic deals primarily took the center stage over the past five trading days.Recap of the Week’s Most Important Stories1.Harris CorporationHRS has secured the final regulatory approval from European Union (“EU”) for its long-pending merger with L3 Technologies, Inc. With this, the all-stock-merger deal is set to close on Jun 29, 2019, paving the way for the formation of one of the largest entities in the U.S. defense industry.Harris had earlier received mandatory approvals for the transaction from all concerned authorities except the anti-trust regulatory body of the EU. The EU Commission feared that the merger would lead to a monopolistic market for image intensification night vision devices and image intensification tubes, harming competitive and fair-trade practices. In order to clear the last stumbling block, Harris sold its Night Vision business to Elbit Systems of America, LLC for $350 million in cash. This cleared the path for the final regulatory approval for one of the largest mergers in the defense industry. (Read more: Harris-L3 Merger Gets Regulatory Nod, L3Harris Set for Debut)2.BlackBerry LimitedBB reported healthy first-quarter fiscal 2020 (ended May 31, 2019) financial results. This was primarily driven by growth in software and services business, and lower total operating expenses, which helped narrow GAAP net loss on a year-over-year basis.Non-GAAP net income came in at $5 million or 1 cent per share and matched the Zacks Consensus Estimate. Non-GAAP revenues were $267 million compared with $217 million in the year-earlier quarter. The top line surpassed the consensus estimate of $249 million. (Read more: BlackBerry's Q1 Earnings Match Estimates, Revenues Beat)3.AT&T Inc.T recently collaborated with Hewlett Packard Enterprise Company to facilitate diverse businesses to harness edge connections and edge computing capabilities to push their boundaries to new frontiers. The deal seems to be the call of the hour with increased 5G deployments giving rise to large quantum of data.Together, the companies aim to offer a flexible tool to better analyze data and process low-latency, high-bandwidth applications. The go-to-market alliance particularly intends to enable customers to swiftly convert data into actionable intelligence, enabling unique digital experiences and smarter operations. (Read more: AT&T Harnesses Edge Capabilities With Hewlett Packard Tie Up)4.CommScope Holding Company, Inc.’s COMM business unit, ARRIS, recently announced that SaskTel has chosen ARRIS HomeAssure solution to provide top-tier Wi-Fi services to broadband customers across Saskatchewan, Canada. SaskTel is a leading information and communications technology provider in the region.The avant-garde solution helps in delivering high-quality Wi-Fi experience coupled with improved coverage and performance, while automatically optimizing the home network. It also facilitates set-up for the increasing number of Wi-Fi devices and applications in subscribers’ home. In unison with ARRIS’ broadband gateways and extenders, the solution will likely operate to cover homes in fast, reliable Wi-Fi. (Read more: CommScope's ARRIS HomeAssure Solution Chosen by SaskTel)5.Motorola Solutions, Inc.MSI has secured a tender to provide The Israel Railways Company with an advanced push-to-talk over cellular (POC) communication solution, which will enhance operational efficiency and passenger safety.Per the deal, the communications equipment maker will supply, install, operate and maintain the POC-based wireless communications system for Israel Railways for three years, with an optional extended period of five years. Hot Mobile will be the mobile network carrier for this project. Notably, the solution will replace the railway company’s prior communication service, Mirs, which was based on Integrated Digital Enhanced Network technology. (Read more: Motorola to Boost Israel Railways' Operational Efficiency)Price PerformanceThe following table shows the price movement of some of the major telecom stocks over the past week and during the past six months.
In the past five trading days, Qualcomm was the biggest gainer with its share price increasing 4.2% while Sprint was the biggest decliner with its stock down 13.6%.Over the past six months, Motorola has been the best performer with its stock appreciating 31.9%, while none of the stocks declined.Over the past six months, the Zacks Telecommunications Services industry has recorded an average growth of 3.7% while the S&P 500 has rallied 16%.
What’s Next in the Telecom Space?In addition to product launches and deployment of 5G technologies, all eyes will remain glued to how the United States and China embrace the fresh round of trade negotiations and its spiraling effect on the industry.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of+98%,+119%and+164%in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportCommScope Holding Company, Inc. (COMM) : Free Stock Analysis ReportHarris Corporation (HRS) : Free Stock Analysis ReportMotorola Solutions, Inc. (MSI) : Free Stock Analysis ReportAT&T Inc. (T) : Free Stock Analysis ReportBlackBerry Limited (BB) : Free Stock Analysis ReportTo read this article on Zacks.com click here. |
Has Chipotle Mexican Grill (CMG) Outpaced Other Retail-Wholesale Stocks This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Chipotle Mexican Grill (CMG) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Chipotle Mexican Grill is a member of our Retail-Wholesale group, which includes 224 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CMG is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CMG's full-year earnings has moved 5.14% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CMG has returned 68.48% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 17.16%. As we can see, Chipotle Mexican Grill is performing better than its sector in the calendar year.
Breaking things down more, CMG is a member of the Retail - Restaurants industry, which includes 47 individual companies and currently sits at #99 in the Zacks Industry Rank. On average, this group has gained an average of 22.31% so far this year, meaning that CMG is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to CMG as it looks to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportChipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Is Costco Wholesale (COST) Stock Outpacing Its Retail-Wholesale Peers This Year?
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Costco Wholesale (COST) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of COST and the rest of the Retail-Wholesale group's stocks.
Costco Wholesale is one of 224 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. COST is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for COST's full-year earnings has moved 1.59% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, COST has moved about 29.80% on a year-to-date basis. At the same time, Retail-Wholesale stocks have gained an average of 17.16%. As we can see, Costco Wholesale is performing better than its sector in the calendar year.
Breaking things down more, COST is a member of the Retail - Discount Stores industry, which includes 10 individual companies and currently sits at #45 in the Zacks Industry Rank. On average, stocks in this group have gained 25.25% this year, meaning that COST is performing better in terms of year-to-date returns.
COST will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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Why Is Nextgen Healthcare (NXGN) Down 7.6% Since Last Earnings Report?
It has been about a month since the last earnings report for Nextgen Healthcare (NXGN). Shares have lost about 7.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Nextgen Healthcare due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. NextGen's Q4 Earnings Top Estimates, Bookings Down Y/Y NextGen Healthcare, Inc. reported fourth-quarter fiscal 2019 adjusted earnings of 23 cents per share, up 43.8% from 16 cents reported in the year-ago quarter. Under ASC 605, the company registered pro forma adjusted earnings of 19 cents per share. Notably, both the metrics exceeded the Zacks Consensus Estimate of 16 cents. Revenues totaled $134.8 million, down 0.8% year over year. Under ASC 605, revenues for the fiscal fourth quarter summed $134.3 million on a pro forma basis. The Zacks Consensus Estimate stands at $133 million. FY19 at a Glance For fiscal 2019, the company reported adjusted earnings of 86 cents per share, up 22.9% from 70 cents reported in the year-ago period. Under ASC 605, the company registered pro forma adjusted earnings of 76 cents per share. Notably, both the metrics exceeded the Zacks Consensus Estimate of 64 cents. Revenues totaled $529.2 million, down 0.8% year over year. Under ASC 605, revenues for the fiscal 2019 amounted to $134.3 million on a pro forma basis. The Zacks Consensus Estimate stands at $527.3 million. Bookings Update The company witnessed consistent momentum in bookings, which came in at $133.5 million for the fiscal 2019, up 14.2% from fiscal 2018. At the beginning of fiscal 2019, the company made a commitment to drive substantial bookings growth throughout the year, which is likely to lead to revenue growth in fiscal 2020. However, bookings decreased 3.8% year over year to $35.4 million in the reported quarter. Segment Details The company reported fourth-quarter fiscal 2019 revenues under the following segments: Total Recurring revenues grossed $120.2 million, up 1.3% from the year-ago quarter’s figure. Meanwhile, total Software, hardware and other non-recurring revenues came in at $14.6 million, down 14.8% on a year-over-year basis. This downside can primarily be attributed to the completion of large client engagements. Gross Margin In the quarter under review, gross profit totaled $72.7 million, down 1.4% from the prior-year quarter’s tally. Gross margin was 53.9%, down 50 bps. Per management, decline was owing to increased amortization. Fiscal 2020 View For fiscal 2020, NextGen expects revenues of $543-$559 million. The Zacks Consensus Estimate for revenues is pegged at $555.9 million, which is within the current guidance. Full-year earnings per share is expected between 86 cents and 94 cents. The Zacks Consensus Estimate for earnings is pegged at 68 cents, which is noticeably below the current guidance. Story continues How Have Estimates Been Moving Since Then? Fresh estimates followed an upward path over the past two months. The consensus estimate has shifted -16.67% due to these changes. VGM Scores At this time, Nextgen Healthcare has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Outlook Nextgen Healthcare has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NEXTGEN HEALTHCARE, INC (NXGN) : Free Stock Analysis Report To read this article on Zacks.com click here. |
Is Vipshop Holdings (VIPS) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Vipshop Holdings (VIPS), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Vipshop Holdings is one of 634 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. VIPS is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for VIPS's full-year earnings has moved 3.57% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, VIPS has gained about 52.20% so far this year. At the same time, Computer and Technology stocks have gained an average of 18.08%. As we can see, Vipshop Holdings is performing better than its sector in the calendar year.
Looking more specifically, VIPS belongs to the Internet - Delivery Services industry, a group that includes 8 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 5.18% this year, meaning that VIPS is performing better in terms of year-to-date returns.
VIPS will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportVipshop Holdings Limited (VIPS) : Free Stock Analysis ReportTo read this article on Zacks.com click here. |
Has Autohome (ATHM) Outpaced Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Autohome (ATHM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Autohome is one of 634 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ATHM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ATHM's full-year earnings has moved 4.78% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ATHM has moved about 8.79% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 18.08%. This means that Autohome is outperforming the sector as a whole this year.
To break things down more, ATHM belongs to the Internet - Services industry, a group that includes 50 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, this group has gained an average of 10.05% so far this year, meaning that ATHM is slightly underperforming its industry in terms of year-to-date returns.
ATHM will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Has Diodes (DIOD) Outpaced Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Diodes (DIOD) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Diodes is a member of our Computer and Technology group, which includes 634 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. DIOD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DIOD's full-year earnings has moved 12% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, DIOD has returned 6.29% so far this year. At the same time, Computer and Technology stocks have gained an average of 18.08%. As we can see, Diodes is performing better than its sector in the calendar year.
Breaking things down more, DIOD is a member of the Electronics - Semiconductors industry, which includes 37 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, this group has gained an average of 16.87% so far this year, meaning that DIOD is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to DIOD as it looks to continue its solid performance.
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QEP Resources' (QEP) Stock Spikes 16% Yesterday: Here's Why
QEP Resources, Inc. ’s QEP shares rallied 16% to $7.11 on Jun 26, following reports that Elliot Management Corporation is in advanced talks to acquire the former. While there hasn’t been any formal confirmation from either party yet, the deal could be finalized within weeks, per Bloomberg. Notably, QEP Resources received an acquisition proposal from shareholder Elliott Management Corp. earlier this year. Elliott expressed plans of taking over all outstanding shares of the upstream energy player for a consideration of $8.75 a share, which was at 44% premium to the stock’s closing price on Jan 4. Last month, it was reported that Whiting Petroleum Corporation WLL, Callon Petroleum Company CPE and The Blackstone Group L.P. BX were also in the talks to acquire QEP Resources. However, Elliot seems to have an upper hand in this bidding race to take over the Denver-based upstream player. Notably, after scrapping the deal to divest Williston assets amid falling commodity prices, QEP Resources has been exploring other strategic options like merging with other firms or selling off the company. With the divestment of gas-weighted assets in the Haynesville Shale, Uinta Basin and Pinedale Anticline, QEP Resources has pivoted from a multi-basin strategy to a become a more focused Permian operator. Elliott supports QEP Resources’ move to become a pure-play Permian firm but believes that its constructive efforts are yet to get reflected in the stock price. QEP Resources has allocated about 80% of 2019 capital budget for this lucrative play. The Zacks Rank #3 (Hold) company’s daily equivalent production from this region in first-quarter 2019 increased 47% from the year-ago period to 4,082.3 thousand barrels. For second-quarter 2019, QEP Resources expects total oil-equivalent production in the range of 6.8-7.2 million barrels of oil equivalent. Oil and condensate production is expected within 4.95-5.15 million barrels (MMBbls). While gas output is expected in the range of 5.4-5.8 billion cubic feet, NGLs production is estimated within 0.9-1.1 MMBbls. Capital outlay for the second quarter is anticipated in the band of $185-$205 million. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here . Story continues Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better. See these 7 breakthrough stocks now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Blackstone Group L.P. (BX) : Free Stock Analysis Report Whiting Petroleum Corporation (WLL) : Free Stock Analysis Report Callon Petroleum Company (CPE) : Free Stock Analysis Report QEP Resources, Inc. (QEP) : Free Stock Analysis Report To read this article on Zacks.com click here. |
Why Is Heico (HEI) Up 11.2% Since Last Earnings Report?
It has been about a month since the last earnings report for Heico (HEI). Shares have added about 11.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Heico due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. HEICO Corp. Q2 Earnings Top Estimates, Guidance Raised HEICO Corporation reported second-quarter fiscal 2019 earnings of 60 cents per share, surpassing the Zacks Consensus Estimate of 49 cents. The bottom line rose 36.4% from the prior-year quarter’s figure of 44 cents. The year-over-year improvement was driven by higher sales in the reported quarter and a 30% increase in operating income. Total Sales Quarterly net sales of $515.6 million outpaced the Zacks Consensus Estimate of $478 million by 7.9%. The top line also increased 19.7% from the year-ago quarter’s $430.6 million. The upside can be primarily attributed to the company’s organic growth and favorable impact from the company’s profitable acquisitions. Operational Update HEICO Corp’s total costs and expenses increased 17% year over year to $396.5 million in the reported quarter. The uptick was due to higher cost of sales, and increased selling, general and administrative expenses. The company’s consolidated operating margin improved to 23.1% in the second quarter of fiscal 2019, up from 21.3% in the second quarter of fiscal 2018. Segmental Performance Flight Support Group : Net sales were up 15.1% year over year to $308.3 million, attributable to strong organic growth of 15% along with increased demand and new product offerings within the company’s aftermarket replacement parts and specialty products categories. Operating income improved 20.7% year over year to $62.2 million, courtesy of net sales growth and improved gross profit margin, mainly reflecting a more favorable product mix within the specialty products category. Segmental operating margin increased to 20.2% in the second quarter of fiscal 2019, up from 19.2% in the second quarter of fiscal 2018. Electronic Technologies Group : Net sales rose 27.1% year over year to $214.5 million, majorly owing to increased demand for certain defense, aerospace and space products. The segment’s operating margin improved to 31.4% in the second quarter of fiscal 2019, up from 28.5% in the second quarter of fiscal 2018. Operating income increased 39.9% year over year to $67.4 million, largely on account of quarterly net sales growth, improved gross profit margin, and a favorable product mix for certain defense and aerospace products. Financial Details As of Apr 30, 2019, cash and cash equivalents summed $64.1 million compared with $59.6 million as of Oct 31, 2018. Long-term debt (net of current maturities) totaled $555.5 million as of Apr 30, 2019, up from $531.6 million as of Oct 31, 2018. For the six months ended Apr 30, 2019, cash provided by operating activities was $178.3 million compared with $103.4 million in the year ago period. Fiscal 2019 Guidance HEICO Corp estimates fiscal 2019 net sales to grow 12-13%, up from its prior growth estimates of 9-11%. The company also anticipates net income growth of 17-18% for the fiscal, up from the prior growth estimates of 11-13%. Story continues How Have Estimates Been Moving Since Then? In the past month, investors have witnessed an upward trend in fresh estimates. VGM Scores Currently, Heico has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. However, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Outlook Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Heico has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Heico Corporation (HEI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research |
Workday (WDAY) Up 0.7% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Workday (WDAY). Shares have added about 0.7% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Workday due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Workday Surpasses Q1 Earnings & Revenues Estimates
Workday delivered first-quarter fiscal 2020 non-GAAP earnings of 43 cents per share, which beat the Zacks Consensus Estimate by couple of cents. The figure also improved from 33 cents reported in the year-ago quarter.
Strong growth can primarily be attributed to a rise of 33.4% in revenues, which totaled $825.1 million. The figure outpaced the Zacks Consensus Estimate for revenues of $814 million. The upside was driven by solid growth in subscription and professional services revenues.
Quarter in Detail
Subscription services revenues (84.9% of total revenues) rallied 34.3% year over year to $701 million on the back of expanding customer base and robust net new ACV growth. Further, synergies from Adaptive Insights acquisition and strong product suite drove revenues in the reported quarter. The figure surpassed management’s guidance of $692-$694 million.
Professional services revenues (15.1% of total revenues) grew 29% from the year-ago quarter’s tally to $124 million and surpassed the guidance of $120 million.
Revenues outside the United States improved 42% to $197 million and contributed approximately 23.9% to total revenues.
During the reported quarter, market research firm Gartner’s May 2019 “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises” report put Workday in the “Leaders” quadrant which reflects the company’s growing clout in the cloud market. Notably, Workday was recognized as a Leader for the third year in a row.
The company was ranked #1 on San Francisco Business Times’ list of the best place to work in Bay Area. Additionally, the company was ranked #1 on the list of the Best Large Workplaces in the U.K. by Great Place to Work Institute.
In the quarter, the company unveiled, Workday 32, with more than 500 latest features to aid resource managers support skills resources to projects and provide deeper integration between Workday and Adaptive Insights.
During the reported quarter, Workday in partnership with government agencies and other companies released The Cybersecurity Talent Initiativeto focus on cybersecurity workforce for the future.
The company witnessed rapid deployment of HCM solution in the first quarter. It was chosen by the likes of Carl Zeiss AG, Cisco Systems, Daimler Trucks North America, Old Mutual Limited and Procter & Gamble.
Management is also optimistic regarding the growing clout of Workday Prism Analytics and Adaptive Insights business planning cloud offerings.
The company generated non-GAAP operating margin of 13.1% during the quarter, almost flat on a year-over-year basis.
Balance Sheet
Cash, cash equivalents and marketable securities were $1.89 billion as of Apr 30, 2019 compared with $1.78 billion in the previous quarter.
Workday generated operating cash flow of $209.2 million compared with previous quarter’s figure of $250.5 million.
Current unearned revenues came in at $1.73 billion, representing annual growth of 31%. Total unearned revenues were around $1.83 billion, up 29% from the year-ago quarter’s level.
Guidance
For second-quarter fiscal 2020, Workday expects subscription revenues in the range of $746-$748 million (up approximately 32% sequentially). Professional services revenues are projected at $124 million.
Workday anticipates non-GAAP operating margin of approximately 10%.
The company raised fiscal 2020 guidance for subscription services revenues. It now expects subscription services revenues in the range of $3.045-$3.06 billion (previously $3.03-$3.045 billion). Professional services revenues are projected to be around $500 million.
The company expects non-GAAP operating margin to be almost 12.3%.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates. The consensus estimate has shifted -8.55% due to these changes.
VGM Scores
Currently, Workday has a great Growth Score of A, a grade with the same score on the momentum front. However, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Workday has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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Is Hibbett Sports (HIBB) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors focused on the Retail-Wholesale space have likely heard of Hibbett Sports (HIBB), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. Hibbett Sports is one of 224 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. HIBB is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past three months, the Zacks Consensus Estimate for HIBB's full-year earnings has moved 9.46% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the latest available data, HIBB has gained about 32.10% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 17.16%. As we can see, Hibbett Sports is performing better than its sector in the calendar year. Looking more specifically, HIBB belongs to the Retail - Miscellaneous industry, a group that includes 17 individual stocks and currently sits at #154 in the Zacks Industry Rank. On average, stocks in this group have gained 20.99% this year, meaning that HIBB is performing better in terms of year-to-date returns. HIBB will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hibbett Sports, Inc. (HIBB) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research |
Booz Allen (BAH) Up 3.4% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Booz Allen Hamilton (BAH). Shares have added about 3.4% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Booz Allen due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Booz Allen Tops Q4 Earnings Estimates
Booz Allen Hamilton reported strong fourth-quarter fiscal 2019 results, beating the Zacks Consensus Estimate on both earnings and revenues.
Adjusted EPS of 64 cents beat the consensus mark by 2 cents and improved on a year-over-year basis. The bottom line benefited from top-line growth, strong contract level performance and operational management. Total revenues of $1.8 billion surpassed the Zacks Consensus Estimate by roughly $73 million and increased year over year. The top line benefited from continued boost in client demand and increase in headcount.
Revenues excluding billable expenses were $1.2 billion, up 8.1% on a year-over-year basis. Billable expenses accounted for 30.3% of revenues. Booz Allen earns the maximum amount of profit from revenues, excluding billable expenses.
Total backlog increased 20.6% from the prior-year quarter to $19.3 billion. While funded backlog of $3.4 billion improved 28%, unfunded backlog was down 11.4% to $3.7 billion. Priced options went up 33% to $12.2 billion. Book-to-bill ratio was 0.36, down 40% year over year.
Headcount of 26,069 increased 5.8% year over year. Strong hiring and retention during the quarter enabled the company to surpass its headcount growth target of 5% for the fiscal year.
Booz Allen updated its three-year adjusted EPS goal. For the period from fiscal 2018 through fiscal 2021, the company now targets adjusted EPS growth of 66% compared with the previous target of 50%. It expects dividend yield of approximately 2%, supported by 6 annual revenue growth, low 10% range adjusted EBITDA margin and $1.4 billion in capital deployment.
Operating Results
Adjusted EBITDA of $153.3 million increased 3.4% year over year. Adjusted EBITDA margin on revenues declined to 8.6% from 9.1% in the year-ago quarter. Adjusted EBITDA margin on revenues, excluding billable expenses declined to 12.4% from 12.9% in the year-ago quarter.
Adjusted operating income was $135.1 million, up 2.6% year over year. Adjusted operating income margin on revenues was 7.6% compared with 8.1% in the year-ago quarter. Adjusted operating income margin on revenues, excluding billable expenses was 10.9% compared with 11.5% in the year-ago quarter.
Balance Sheet & Cash Flow
Booz Allen exited the fiscal fourth quarter with cash and cash equivalents of $284 million compared with $211.9 million at the end of the prior quarter. Long-term debt (net of current portion) was $1.7 billion, roughly flat with the previous quarter figure. The company generated $216.4 million of net cash from operating activities. Capital expenditure was $36.6 million and free cash flow was $179.8 million.
The company declared quarterly dividend of 23 cents per share, payable on Jun 28, 2019, to stockholders of record on Jun 14, 2019. It paid dividends worth $32.4 million and repurchased shares worth $71.4 million in the reported quarter.
Fiscal 2020 Outlook
Management expects adjusted EPS to range between $2.90 and $3.05. The company expects revenue growth of 6-9%. Adjusted EBITDA Margin on revenues is anticipated in the low 10% range. The company targets another 5% headcount growth for the fiscal year as labor market stays tight.
How Have Estimates Been Moving Since Then?
Fresh estimates followed a downward path over the past two months.
VGM Scores
At this time, Booz Allen has a strong Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Booz Allen has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportBooz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Should Value Investors Pick Trinity Industries (TRN) Stock?
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s putTrinity Industries, Inc. TRN stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:PE RatioA key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.On this front, Trinity Industries has a trailing twelve months PE ratio of 14.17, as you can see in the chart below:
This level actually compares favorably with the market at large, as the PE for the S&P 500 stands at about 18.07. If we focus on the long- term PE trend, Trinity Industries’ current PE level puts it above its midpoint of 12.32 over the past five years, with the number having risen rapidly over the past few months. However, the current level stands below the highs for the stock, suggesting that it can be a solid entry point.
However, the stock’s PE also compares favorably with the Zacks Transportation Market sector’s trailing twelve months PE ratio, which stands at 15.37. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers.
We should also point out that Trinity Industries has a forward PE ratio (price relative to this year’s earnings) of 14.87, so it is fair to expect an increase in the company’s share price in the near future.P/S RatioAnother key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.Right now, Trinity Industries has a P/S ratio of about 1.02. This is much lower than the S&P 500 average, which comes in at 3.27 right now. Also, as we can see in the chart below, this is well below the highs for this stock in particular over the past few years.
Broad Value OutlookIn aggregate, Trinity Industries currently has a Value Score of B, putting it into the top 40% of all stocks we cover from this look. This makes Trinity Industries a solid choice for value investors.What About the Stock Overall?Though Trinity Industries might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth Score of F and Momentum Score of A. This gives TRN a Zacks VGM score — or its overarching fundamental grade — of C. (You can read more about the Zacks Style Scores here >>)Meanwhile, the company’s recent earnings estimates have been mixed, at the best. The current year has seen one upward revision compared to none downward in the past sixty days, whereas the next year estimate has seen no upward revision compared to one downward revision in the same time period.As a result, the current year consensus estimate increased 0.76% in the past two months, whereas the next year estimate declined 1.23%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Trinity Industries, Inc. Price and Consensus
Trinity Industries, Inc. price-consensus-chart | Trinity Industries, Inc. Quote
Owing to such mixed estimate trends, the stock has a Zacks Rank #3 (Hold), which is why we are looking for in-line performance from the company in the near term.
Bottom LineTrinity Industries is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, with a Zacks Rank #3 it is hard to get too excited about this company overall. In fact, over the past two years, the broader industry has underperformed the market at large, as you can see below:
So, value investors might want to wait for estimates to turn around in this name first, but once that happens, this stock could be a compelling pick.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportTrinity Industries, Inc. (TRN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Did ADMA Biologics, Inc. (NASDAQ:ADMA) Insiders Buy Up More Shares?
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We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So we'll take a look at whether insiders have been buying or selling shares inADMA Biologics, Inc.(NASDAQ:ADMA).
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, rules govern insider transactions, and certain disclosures are required.
Insider transactions are not the most important thing when it comes to long-term investing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Columbia Universitystudyfound that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.
Check out our latest analysis for ADMA Biologics
Over the last year, we can see that the biggest insider purchase was by Co-Founder Adam Grossman for US$120k worth of shares, at about US$4.00 per share. That means that an insider was happy to buy shares at above the current price of US$3.59. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Happily, we note that in the last year insiders bought 76500 shares for a total of US$306k. In the last twelve months ADMA Biologics insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at thisfreelist of companies. (Hint: insiders have been buying them).
Over the last quarter, ADMA Biologics insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought US$306k worth of shares. This could be interpreted as suggesting a positive outlook.
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own US$4.1m worth of ADMA Biologics stock, about 1.9% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on ADMA Biologics stock. Of course,the future is what matters most. So if you are interested in ADMA Biologics, you should check out thisfreereport on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss thisfreelist of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. |
Astec (ASTE) to Gain From Improving Markets Amid Cost Woes
On Jun 26, we issued an updated research report onAstec Industries, Inc.ASTE. The company will gain from strategic sourcing improvement initiative, favorable end markets, cost-structure optimization and capital-allocation strategy. However, input cost inflation owing to tariffs on imported steel will continue to hurt margins.
Let’s discuss these factors in detail.
New Strategic Sourcing Initiative to Yield Savings
Astec reported first-quarter 2019 earnings per share of 63 cents, a decline of 28% from the prior-year quarter. The company’s segments experienced pricing pressure from competitors in a tighter market and temporary weather related shutdowns at seven of the company’s subsidiaries, which impacted its ability to build and ship equipment. This in turn affected the company’s top and bottom line in the reported quarter. Moreover, at the quarter-end, Astec’s total backlog plunged 38% year over year to $380 million.
Astec has engaged a consulting firm to help analyze opportunities to improve the company. Per the results of the review, there are opportunities to improve strategic sourcing and inventory management. The company anticipates savings from strategic sourcing improvement to add approximately 2% to its gross margin in 2019 and free up $25 million in cash as a result of better inventory management. Additionally, the company is analyzing all areas of its business for opportunities of operational improvement.
The implementation of the new strategic sourcing initiative and improved inventory management will go on till July 2019. As a result of these initiatives, SG&A expenses will be higher during the period.
For 2019, Astec anticipates revenues will be flat to up 3% from adjusted revenues of $1.246 billion in 2018. Earnings per share for 2019 is expected to lie between $2.25 and $2.55. The company had reported earnings per share of $2.92 in 2018.
The Zacks Consensus Estimate for fiscal 2019 is currently pegged at $2.34, indicating year-over-year decline of 19.86%.
Improving Markets, Part Sales to Boost Growth
Going forward, improving mining and construction markets and higher infrastructure spending will bolster Astec’s revenues. The company continues its efforts to grow international business by increasing presence in the markets served and opening of company-owned distributors. Astec remains well poised in the long term backed by the global population growth, increased urbanization and the need to repair the ageing infrastructure.
Part sales were 28.4% of total sales in the first quarter of 2019 compared with 27.1% reported in the prior-year quarter. Part sales improved 5% on a year-over-year basis in the first quarter of 2019. Astec remains committed toward improvement of its part sales volume over the long term. It also intends to improve competitive part sales and service sales. Majority of its customers in the United States have been experiencing a stable product market, and the company remains focused on selling existing and new products.
Cost Optimization, Capital-Allocation Strategy to Assist Growth
Astec will benefit from cost-structure optimization and focus on capital-allocation strategy. The company hiked dividend by 10%, and also announced a new share repurchase plan of up to $150 million worth of its shares. Notably, the company repurchased 582,000 shares for approximately $24 million during 2018. No share repurchases were made in the first quarter of 2019. The company has 125,851 shares remaining authorized for repurchase. The other two areas for capital allocation for the company remain acquisitions and capital expenditures.
Higher Costs to Hamper Astec’s Margins
Astec utilizes steel as a major raw material to manufacture products. The company is facing input cost inflation, particularly for steel owing to the imposition of tariffs. Given the competition, it might not be possible for Astec to raise prices to counter the ram material cost inflation.
Share Price Performance
Shares of Astec have plunged 46.4% in the past year, compared with the industry’s decline of 3.9%.
Zacks Rank & Stocks to Consider
Astec currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Industrial Products sector are The Timken Company TKR, Casella Waste Systems, Inc. CWST and Harsco Corporation HSC, each sporting a Zacks Rank #1 (Strong Buy), at present. You can seethe complete list of today’s Zacks #1 Rank stocks here.
Timken Company has an estimated earnings growth rate of 26.6% for the ongoing year. The company’s shares have gained 16% in the past year.
Casella Waste Systemshas an expected earnings growth rate of 31.97% for the current year. The stock has appreciated 47.7% in a year’s time.
Harsco has a projected earnings growth rate of 9.1% for 2019. The company’s shares have rallied 21.2% over the past year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of+98%,+119%and+164%in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportAstec Industries, Inc. (ASTE) : Free Stock Analysis ReportTimken Company (The) (TKR) : Free Stock Analysis ReportCasella Waste Systems, Inc. (CWST) : Free Stock Analysis ReportHarsco Corporation (HSC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Former senator: 401(k) plans were 'never designed to be the retirement plan for America'
A former senator and expert on retirement security noted that "we've sort of fallen into" a retirement system built around 401(k) plans but you would "run into tremendous resistance politically" if you tried to change it.
Kent Conrad represented North Dakota and is now a senior fellow at the Bipartisan Policy Center. He advocates working within the system that he acknowledges was "never designed to be the retirement plan for America."
Conrad joined "On the Move" with Adam Shapiro and Julie Hyman Wednesday to discuss retirement as part of a new partnership between Yahoo Finance and the Funding our Future campaign, an arm of the Bipartisan Policy Center that advocates for a secure retirement for all Americans.
The senatoradvocates a series of measures, from improving access to retirement plans at work to modernizing Social Security that he says "would dramatically increase retirement income." Conrad added "the estimates are it would increase the retirement income in this country over the next 40 years by 50%."
Conrad supports theongoing effortson Capitol Hill to reform the private retirement system, especially measures to make it easier for small businesses to offer plans. But he added that “the elephant in the room is Social Security” which could be depleted in 16 years, according to arecent report by the program’s trustees. “I would say the number one challenge is securing Social Security,” he said.
In the months ahead, a number of partners of the Funding our Future campaign from across the political and business communities will appear on Yahoo Finance to discuss some of the challenges facing the U.S. retirement system.
Ben Werschkul is a producer for Yahoo Finance in Washington, D.C.
Read more:
One senator with two different plans to save Social Security
4 ways Washington may soon change how you save for retirement
Retirement reform is (probably) coming — but is it enough for young savers?
Read the latest financial and business news from Yahoo Finance
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Boris Johnson's points-based immigration plans explained
Boris Johnson says Britain can learn from Australia's immigration system. Photo: David Gray/ Reuters Boris Johnson has promised to restore democratic control over immigration after Brexit if he wins the Tory leadership race. Johnson, who now faces Jeremy Hunt in the final round of the race to be Britains next prime minister, said Britain should learn from the Australian points-based system. The great Australian policies Johnson supports Johnson, who broadly supported large-scale immigration as London mayor and has previously called for an amnesty for illegal migrants, struck a less positive tone on Wednesday. He announced he would incorporate parts of the great Australian points-based system into British law, saying it was based on contribution, fairness and control. The reforms would include looking at whether migrants had firm job offers and could speak English, and would limit the ability to claim benefits immediately. He said the government had to assure the public that they had control over the number of unskilled workers coming into the country, and be tougher on those who abuse our hospitality. But as prime minister he would also be much more open to high-skilled workers like scientists, he added. Johnson vowed to protect the rights of millions of EU nationals living in the UK, even if Britain left without a deal. How a points-based system works Brexit Party chairman Nigel Farage. Photo: Frank Augstein. AP Photo Points-based systems allow migrants to enter a country if they score enough points by meeting criteria set by the government. They are generally based on migrants attributes and characteristics like their field of work, skills, education or language ability. Johnson would change these criteria to meet his priorities. It is different to either a free movement policy, which the EU has introduced, or an employer-led system where workers visas are tied to specific jobs. British politicians have been calling for and promising an Australian, points-based system for years. Nigel Farage called for one during the EU referendum. Mark Winterburn, a policy officer at London Councils who specialises in migration, said research showed the public supported a points-based system far more than a total cap on migrant numbers. Story continues Boris is tapping into something with real resonance, he tweeted. But Britain already has a points-based system The strange part of the debate is that the UK already has what the government calls a partially points-based system. The UK launched a new set of criteria for work and study visas for migrants from outside Europe in 2008. Migrants can enter the UK if they secure enough points in one of five categories: high-skilled or high-value workers, sponsored workers, students, temporary workers and low-skilled workers. READ MORE: The shocking gap between rhetoric and reality on migration European workers have been outside this system and enjoyed free movement, but the government is already planning to end EU free movement after Brexit. The government is preparing to limit EU migration by subjecting them to the same rules as non-EU migrants. It has also proposed a controversial new £30,000 salary threshold for medium- and high-skilled workers, as well as one-year, low-skilled worker visas from certain countries. Johnsons proposals therefore appear to be tweaking current plans, rather than radically overhauling the whole system altogether. Australia barely uses pointsand wants more migration, not less Only about 15% of migrants to Australia actually have to gain points to enter, according to Migration Watch, a think tank that supports lower migration. Australia began using points for some types of migration in the 1970s, but most migrants are allowed to enter on different grounds. The Australian systems purpose is also to increase, not to reduce, immigration, Migration Watch wrote in a blog post responding to Johnsons plans on Thursday. The problems with a points-based system UK Border Force. Photo: PA Migration Watch claims the UK governments current partially points-based system for non-EU migrants has failed to limit migration. Migration from outside Europe is now at its highest since 2004, despite the many criteria, restrictions and other government efforts to bring down numbers. The government itself has ruled out introducing an entirely points-based systemwhich would mean removing migration targets and capsas it did not allow enough control over numbers and makes population projections and planning much harder. Johnsons proposal has already come under fire as his system based only on points could in theory allow limitless migration into the UK, potentially letting in far more migrants than currently if they met the criteria, rather than having a cap on migrant flows. READ MORE: Ford to slash 12,000 jobs across Europe Meanwhile some liberal critics of the UKs migration rules see them as unnecessarily harsh, rigid and restrictive, with too little room for humanity and discretion in decision-making over individual cases. A recent report by parliamentary officials said the UKs current system is widely regarded...as unduly complex, burdensome, costly and ill-suited to the needs of its users. Migration Watch says the points system is extremely complexeven in Australia. |
Kaman (KAMN) to Divest Distribution Segment to Littlejohn
Kaman CorporationKAMN recently entered into a deal to divest its Distribution segment to Greenwich-based private equity firm — Littlejohn & Co., LLC’s (Littlejohn) for $700 million in cash. The completion of the deal is subject to customary closing conditions and projected to close in the third quarter of this year.
The segment to be divested is a major distributor of more than 6 million items to a strong customer base in almost all industries. Some of the notable items offered by the segment are bearings, electro-mechanical, power transmission, fluid power components, and automation and MRO supplies. Also, the segment is engaged in offering engineering, design and support for automation, electrical, hydraulic, linear as well as pneumatic systems. Notably, the Distribution segment, which reported net revenues of $1.1 billion in 2018, has an extensive presence across the United States and Puerto Rico with 2,200 employees.
Kaman anticipates receiving about $600 million in net proceeds from the deal. As noted by the company, the proceeds will be used to pay down about $100 million of debt, apart from boosting internal development efforts. As a matter of fact, this agreement marks a significant step toward the company’s portfolio transformation initiative and will enable it to focus more on its aerospace and engineered products businesses.
Kaman is well poised to gain from investments in organic growth initiatives, acquisitions, contract wins and disciplined capital deployment. Moreover, over the past three months, the Zacks Rank #1 (Strong Buy) company has gained 9%, outperforming the 5.6% growth recorded by the industry it belongs to.
In addition, analysts have become increasingly bullish on Kaman. In the past couple of months, the Zacks Consensus Estimate for 2019 earnings has trended up.
Other Stocks to Consider
Some other top-ranked stocks in the same space are Roper Technologies, Inc. ROP, IDEX Corporation IEX and Chart Industries, Inc. GTLS. While Roper sports a Zacks Rank #1, IDEX and Chart Industries carry a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Roper surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 8.43%.
IDEX surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 5.69%.
Chart Industries outpaced estimates thrice in the preceding four quarters, the average positive earnings surprise being 16.56%.
Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of+98%,+119%and+164%in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportRoper Technologies, Inc. (ROP) : Free Stock Analysis ReportChart Industries, Inc. (GTLS) : Free Stock Analysis ReportKaman Corporation (KAMN) : Free Stock Analysis ReportIDEX Corporation (IEX) : Free Stock Analysis ReportTo read this article on Zacks.com click here. |
Is Triton International (TRTN) a Good Value Investor Pick?
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s putTriton International LimitedTRTN stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:PE RatioA key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.On this front, Triton International has a trailing twelve months PE ratio of 6.77, as you can see in the chart below:
This level actually compares favorably with the market at large, as the PE for the S&P 500 stands at about 18.07. If we focus on the long- term PE trend, Triton International’ current PE level puts it below its midpoint of 9.50 over the past five years, with the number having risen rapidly over the past few months. However, the current level stands below the highs for the stock, suggesting that it can be a solid entry point.
However, the stock’s PE also compares favorably with the Zacks Transportation Market sector’s trailing twelve months PE ratio, which stands at 15.37. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers.
We should also point out that Triton International has a forward PE ratio (price relative to this year’s earnings) of 6.75, so it is fair to say that a slightly more value-oriented path may be ahead for Triton International’s stock in the near term too.P/S RatioAnother key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.Right now, Triton International has a P/S ratio of about 1.71. This is much lower than the S&P 500 average, which comes in at 3.27 right now. Also, as we can see in the chart below, this is well below the highs for this stock in particular over the past few years.
Broad Value OutlookIn aggregate Triton International currently has a Value Score of A, putting it into the top 20% of all stocks we cover from this look. This makes Triton International a solid choice for value investors.For example, its P/CF ratio (another great indicator of value) comes in at 2.53, which is better than the industry average of 2.80. Clearly, TRTN is a solid choice on the value front from multiple angles.What About the Stock Overall?Though Triton International might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth Score of B and Momentum Score of C. This gives TRTN a Zacks VGM score — or its overarching fundamental grade — of A. (You can read more about the Zacks Style Scores here >>)Meanwhile, the company’s recent earnings estimates have been mixed, at the best. The current year has seen one upward revision compared to none downward in the past sixty days, whereas the next year estimate has seen no upward revision compared to one downward revision in the same time period.As a result, the current year consensus estimate increased 0.43% in the past two months, whereas the next year estimate declined 1.19%. You can see the consensus estimate trend and recent price action for the stock in the chart below:
Triton International Limited Price and Consensus
Triton International Limited price-consensus-chart | Triton International Limited Quote
Owing to such mixed estimate trends, the stock has a Zacks Rank #3 (Hold), which is why we are looking for in-line performance from the company in the near term.Bottom LineTriton International is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front.However, with a Zacks Rank #3 it is hard to get too excited about this company overall. In fact, over the past two years, the broader industry has underperformed the market at large, as you can see below:
So, value investors might want to wait for estimates to turn around in this name first, but once that happens, this stock could be a compelling pick.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportTriton International Limited (TRTN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
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