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Democratic Debate Night 1: What We Learned From Each Candidate
The first ten Democratic presidential candidates took the stage in Miami Wednesday for night one of the first round of Democratic debates. There were numerous attempts to provide bilingual Spanish-English answers, a few technical difficulties, and a lot of interrupting.
Here’s what we learned from each of the candidates.
Sen. Elizabeth Warren stayed true to her anti-corporate America, anti-corruption message throughout the evening, speaking to the need to “make our government, our economy, and our country” work for everyone.
She emphasized that there is too much consolidation in giant industries, which hurts workers and constricts innovation. At the same time, these corporations or monopolies are “making campaign contributions and funding super PACs” to make sure their influence is felt. In her view, it requires courage to take on these giants.
On healthcare, Warren argued that those who say that Medicare For All isn’t possible just aren’t “willing to fight for it.” She added that every woman must be guaranteed access to all reproductive services, from contraception to abortion, and called for codifying the right to abortion, as it’s “not enough to expect the courts to protect us.”
On gun violence, Warren expressed support for “sensible” actions such as background checks, but called for distinguishing a gun “in the hands of a collector” from one that changes hands quickly.
Warren called healthcare a “basic human right,” gun violence a “national health emergency,” and deemed climate change the biggest threat we face today.
Sen. Amy Klobuchar largely emphasized education, economic opportunity, and her position as a candidate who has won in red districts in Wednesday’s debate.
On education, she called for making community college free, for the expansion of Pell grants, and to make it easier for students to pay off their student loans.
She expressed opposition to abolishing private health insurance due to a fear of it kicking people off their existing plans, but said she is in support of a public option. Rather than the insurers, Klobuchar called pharmaceuticals a bigger problem.
On immigration, Klobuchar said that “immigrants don’t diminish America, they are America,” highlighting the fact that many of the heads of Fortune 500 companies and many of our Nobel laureates are foreign-born.
Klobuchar didn’t shy away from criticizing the foreign policy of the current administration, noting that while the Iran nuclear deal was imperfect, it was good for the moment. Trump, on the other hand, said he’d give the U.S. a better deal, but has failed to deliver on that. She expressed concern that Trump is “always one tweet away from going to war” and suggested that we should not be conducting foreign policy “in our bathrobe.”
While Klobuchar called China our biggest economic threat and Iran the broader threat, Klobuchar also added that we need to do something about Russian interference.
Former Rep. Beto O’Rourke started the night by answering the first question thrown his way in Spanish. Other than that, he made waves by being the only candidate to explicitly call for initiating impeachment proceedings on the debate stage, and touched on his plans to address climate change and immigration.
O’Rourke called for high quality, universal healthcare as a goal—including a woman’s right to abortion. Like Klobuchar, however, he said he would not get rid of private insurance, but instead give people options.
On our current immigration policies, O’Rourke said that we need to “give people the dignity and humanity that they deserve.” We shouldn’t build walls, but rather reunite families. Among his specific proposals are: no more detention for people fleeing violence, the implementation of a case management program, and an overhaul of our existing immigration laws.
On climate change, O’Rourke called for funding resilience in vulnerable communities, freeing ourselves from dependence on fossil fuels, and putting farmers “in the driver’s seat” to determine the best policies moving forward. He called climate change not just the biggest threat we currently face as a nation, but an “existential threat.”
Sen. Cory Booker’s home of Newark, N.J., featured centrally in many of his answers.
With several of the largest pharmaceutical companies based in New Jersey, Booker argued that “too many people are profiteering off the pain of Americans”—from pharmaceuticals to insurers. He called for pharmaceuticals to be held criminally liable for their role in the opioid crisis, and expressed support for Medicare For All.
Booker noted that the economy is “not working for average Americans” and argued that we need an economy that works for everyone. On immigration, he called for an end to family separation not just at the border but in all communities where ICE is tearing families apart and creating fear.
The New Jersey senator distinguished himself from the other nine candidates on the debate stage by being the only one to say he wouldn’t support the Iran nuclear deal. While he said it was a mistake to pull out of it, he argued that we need to renegotiate the terms of the deal to get a better one.
Race and sexuality permeated Booker’s answer to questions on gun violence—he argued that there is a need to better protect trans and particularly African American trans communities and expressed support for “common sense gun laws.” Noting that he’s “sick of hearing people talk about thoughts and prayers,” Booker said that we’ve been letting the corporate gun lobby dictate the debate. Instead, he said that Americans should need to get a license to buy a firearm in the same way that we need a license to drive a car.
Booker called nuclear proliferation and climate change the biggest threats we face today.
Former HUD Secretary Julian Castro stressed gender equality and the need to make substantive changes to our existing immigration policies on Wednesday.
Castro called for passing the Equal Rights Amendment, as well as passing legislation that guarantees equal pay for equal work. He also noted that he believes in reproductive justice, not just reproductive freedom, explaining that just because someone is poor doesn’t mean they shouldn’t be able to have an abortion.
On immigration, Castro said he would sign an executive order that would get rid of Trump’s metering policy, the Remain in Mexico policy, and zero tolerance policy and accused the Trump administration of “playing games” with those seeking to enter the country. Beyond this, Castro said he would implement large-scale immigration reform, including a pathway to citizenship and a Marshall Plan for Central America so “people can find safety and opportunity at home.” Castro also returned several times to his call to get rid of “Section 1325,” which criminalizes seeking entry into the U.S. without papers. Castro wants to treat this as a civil violation instead.
Castro also said he would sign an executive order to recommit to the Paris Accord, pointed to the fact that he is the only candidate to put forward legislation to reform policing, and noted that overall, his priorities are to make sure everyone can get healthcare, have promising job opportunities, and access to a good education.
Castro called China and climate change the biggest threats the U.S. faces today.
Rep. Tulsi Gabbard highlighted her military experience over the course of the evening and brought attention to the nuclear threat the U.S. now faces from Iran.
Gabbard argued that Trump has brought us “to the brink of war in Iran,” noting that we need to rejoin the nuclear deal and negotiate to ensure that we can stay away from another war. Nevertheless, Gabbard conceded that a direct attack against Americans would “require a response.”
Gabbard called for bringing our troops home from Afghanistan, arguing that we are “no better off there today” than we were when the war began.
She said that the biggest threat we face is that we now have a greater risk of nuclear war than ever before in history.
Mayor Bill De Blasio carried the “working people” message throughout the debate, noting that the Democratic Party is supposed to “be the party of the working people,” that it is supposed to be for free college, for a 70% tax rate on the wealthy, and supposed to break up corporations when they’re serving our democracy.
“There’s plenty of money in this country,” he argued early in the evening, “it’s just in the wrong hands.” On this same point, De Blasio argued that the Democratic Party needs to stop being the party of the elites.
De Blasio called Russia the biggest threat we face today, as it is trying to undermine our democracy.
Former Rep. John Delaney repeatedly focused on the need for bipartisanship, calling it necessary for getting things done. He explained that some of the biggest, most transformative things that the U.S. has accomplished have been the result of a big majority getting behind them. As such, Delaney said it is his mission to “find the America that’s been lost through in-fighting and inaction” and argued that he stands for “real solutions, not impossible promises.”
Delaney called China our biggest challenge and nuclear weapons our biggest threat.
Gov. Jay Inslee may be known as the climate candidate, but he touched on a number of other issues on Wednesday. Inslee expressed support for unions, argued that it should not be an option for insurers to turn away a woman who seeks an abortion, and said that there is “no reason for the detention and separation” of children at the border.
“Diversity is a strength,” Inslee argued, noting that “this is how we built America and this tradition will continue.”
Inslee highlighted that we are the “first generation to feel the sting of climate change, and the last to be able to do something about it,” and as such, he wants to be able to look at his grandchildren and say that he did everything humanly possible to protect them from the ravages of a climate crisis. “We need a unified national mission to save human life,” he said.
Climate change might be Inslee’s bread and butter, but he got his two biggest responses for calling for “taking away the filibuster from Mitch McConnell,” and for calling Trump the biggest threat the U.S. is currently facing.
Rep. Tim Ryan touched on a range of issues including the need to bring jobs back to the U.S., to change immigration policy, and to address gun violence in schools.
On the detention of children at the border specifically, Ryan argued that there are terrorists being held in Guantanamo Bay who are getting better treatment. He criticized the President for focusing on hate, fear, and division at the expense of the health and safety of children, which he called a sign of weakness, not of strength.
On gun violence, Ryan said that we need to “start dealing with the trauma kids have,” by implementing trauma-based care, social and emotional learning, and putting kid psychologists in schools. Ryan noted that most school shooters come from the schools they attack, and as such, we need to “start playing offense,” because “we’re doing something wrong” if these kids want to “shoot up a school.”
Ryan called China our biggest economic threat.
The remaining ten candidates that met the DNC’s criteria to appear on the debate stage will face off on Thursday night.
—Democratic debate night 2: What we learned from each candidate
—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 |
Is It Too Late To Consider Buying Sykes Enterprises, Incorporated (NASDAQ:SYKE)?
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Sykes Enterprises, Incorporated (NASDAQ:SYKE), which is in the it business, and is based in United States, saw significant share price movement during recent months on the NASDAQGS, rising to highs of $29.38 and falling to the lows of $24.76. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Sykes Enterprises's current trading price of $26.55 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Sykes Enterprises’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
See our latest analysis for Sykes Enterprises
According to my valuation model, Sykes Enterprises seems to be fairly priced at around 6.1% below my intrinsic value, which means if you buy Sykes Enterprises today, you’d be paying a reasonable price for it. And if you believe that the stock is really worth $28.29, then there’s not much of an upside to gain from mispricing. In addition to this, Sykes Enterprises has a low beta, which suggests its share price is less volatile than the wider 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. 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 grow by 46% over the next year, the near-term future seems bright for Sykes Enterprises. 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 SYKE’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 track record of its management team. 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 an eye on SYKE, now may not be the most advantageous 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 Sykes Enterprises. You can find everything you need to know about Sykes Enterprises inthe latest infographic research report. If you are no longer interested in Sykes Enterprises, 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. |
Correction: Trump-New Accuser story
In a story June 26 about a sexual misconduct accusation against President Donald Trump, The Associated Press misspelled the name of a U.S. senator from Hawaii. She is Mazie Hirono, not Hirnono. A corrected version of the story is below: Latest sex accusation against Trump lands with a thud Some see the muted response to the latest sexual misconduct accusation against President Donald Trump as yet another symptom of the divisive Politics of Trump By MARYCLAIRE DALE Associated Press Nearly a week after the latest sexual misconduct accusation against President Donald Trump, the story has largely landed with a thud. Some see the muted response to author E. Jean Carroll's allegation of Trump assaulting her in a department store dressing room more than two decades ago as yet another example of the divisive Politics of Trump: Those who support him dismiss it as fake news. Those against him see it as confirmation of what they knew all along. "Essentially, you're either for him or against him, and if you're for him, it doesn't matter what he's done," said Larry Sabato, who directs the University of Virginia's Center for Politics. "It really is remarkable. He simply is exempt from the rules everyone else must obey." It's a cycle that's been repeated before. After more than a dozen women came forward during Trump's 2016 campaign with allegations of sexual misconduct years earlier, Trump called them "liars" who sought to harm his campaign with "100-percent fabricated" stories. When the "Access Hollywood" tape emerged weeks before the election of him bragging about grabbing women by the genitals, he dismissed it as "locker room talk." In the case of Carroll, a feature writer and longtime Elle advice columnist, her accusation was revealed in an excerpt to an upcoming book, leading Trump and others to cast her aside as an opportunist. Her book, "What Do We Need Men For? A Modest Proposal," describes what she calls a lifetime of encounters with predatory men, starting with her early years as an Indiana cheerleader and pageant winner. Story continues She said that Trump, in the mid-1990s, followed her into a dressing room after a chance encounter at the high-end New York department store Bergdorf Goodman and proceeded to pull down her tights and sexually assault her. Trump, in denying the account on Monday, said she's "not my type," a stunning remark from a U.S. president that briefly breathed life into the story. But even ranking Democrats such as Sen. Richard Durbin of Illinois were resigned to how it would all play out. "I wouldn't dismiss it," he told The Washington Post, "but let's be honest, he's going to deny it and little is going to come of it." Lawyer Debra Katz, who represented Christine Blasey Ford in her Senate testimony on her alleged high school assault by then-Supreme Court nominee Brett Kavanaugh, concurred. "The electorate knew this about him. This is nothing new about his character or his behavior — at this point there have been, what, 13 credible accusers?" Katz said. "People have become inured to it. And it's disgraceful." Carroll, who did not return messages left on her cell phone from The Associated Press this week, stopped short in various television interviews of calling what happened to her rape and described the experience as a "three-minute" ordeal that did not change her life. Carroll has said she doesn't plan to seek criminal charges and it appears the statute of limitations has run out. "I'm a mature woman. I can handle it," she said on MSNBC. "My life has gone on. I'm a happy woman." It didn't help that Carroll's book excerpt dropped late last Friday and was largely drowned out by events of the week: the refugee crisis at the border, the U.S. brinkmanship with Iran and the regular onslaught of news about the environment, the economy and the 2020 election. "We are trauma-fatigued by the volume of despairing issues seemingly beyond our personal control," said Carrie Goldberg, a New York lawyer who represents victims of sexual assault and revenge porn. "When a solution feels beyond grasp, it can be impossible to muster an appropriate emotional reaction." Sen. Mazie Hirono, a Hawaii Democrat, called it a sad day when a rape accusation against the president leaves the country numb. "With this president you have the Iran situation going on, you have North Korea going on, you have the border crisis going on," she said. "So after a while you just practically throw up your hands." ___ AP writers Kali Robinson and AP video journalist Padmanda Rama contributed to this report from Washington. |
Aurora Cannabis (ACB) Stock Has Substantial Upside; Here’s Why
Aurora Cannabis (ACB) is rapidly proving to be the top cannabis production company in the world, as none of its competitors are even close in production capacity; it's one of the top revenue generators in the sector; and within this quarter or the next, is going to produce positive EBITDA.
With its foot on the accelerator in these areas and others, it's going to become increasingly apparent that it's the bellwether or the cannabis sector, and it won't be long before the market starts rewarding it for that.
Many in the market are looking at the wrong things
For now Canopy Growth has received a higher valuation than Aurora, primarily because it is operating in a manner the market understands. For example, accepting and receiving a large cash infusion from Constellation Brands, that is always waves in front of the market in its earnings report and press releases.
Since Aurora hasn't been willing to give up a significant portion of the company in exchange for an investment by a huge suitor, the market has punished it for it when compared against Canopy Growth.
Another factor has been the hoopla surrounding Canopy Growth preparing to enter the U.S. market via Acreage Holdings once recreational pot is legalized at the federal level, which at best, won't happen for many years.
In both of those cases many analysts and pundits compared Canopy against Aurora, concluding Canopy had made the best moves. After its surprising C$98-million loss in the first quarter, the market seems to be reconsidering the performance of Canopy Growth, even with the $4 billion or so on its balance sheet.
For Aurora, I consider it a wise move to not sell off a huge piece of itself in exchange for capital and board seats from a huge company, and also a good move to find a more opportune time and way to enter the U.S. market.
I don't consider these a negative for Aurora, but the opposite: disciplined decisions and patience that as usual with the company, pays off in big dividends once it's understood the strategy the company is employing.
Production capacity, revenue and positive EBITDA
No company comes close to Aurora Cannabis in production capacity, as it should be able to produce about 625,000 kilograms annually by early 2020, and of course its revenue will climb in conjunction with the increase.
What's most impressive about this when measured against any of the top producers is Aurora will be easily the first company to become profitable in the sector. This is one of the major reasons billionaire Nelson Pelz had advised the company that it didn't have any reason to seek out a major partner for the purpose of raising capital.
That doesn't mean the company isn't going to enter into some partnerships with large companies, only that they're going to be structured differently than giving up large stakes in the Aurora in exchange for cash. I expect them to be more on the distribution side of the business with shared profits.
Profitability is expected in the current quarter by management, but if it does slightly fall short, it certainly would come in the following first fiscal quarter of 2020.
Conclusion
Aurora Cannabis is undervalued in my opinion, primarily because the market has looked for it to operate in conventional, traditional fashion, but instead has chosen to compete on its own terms.
That has temporarily given the appearance that is neglecting to participate in expected behaviors as mentioned above, but in fact, once the smoke clears, it's going to be clear and visible to the market that Aurora has separated itself from the pack.
In the near term it'll continue to generate significant revenue from recreational cannabis, and an increasing amount from vapes and CBD-based products.
But the long-term value of Aurora will be in its international expansion, where it has a presence in 24 countries and is scaling out its medical cannabis business.
In the near future Aurora is going to have an enormous amount of flexibility because of its huge amount of cannabis inventory. It'll be able to not only meet all its obligations and expectations for customers, but also have more than enough for research and development, and any amount of extraction it may need to perform in order to allocate cannabis inventory to various segments of the market based upon demand.
With that in mind, I'm looking for Aurora to jump between 40 to 50 percent from where it's trading now.
To read more on the nitty gritty of what’s going on in the rising cannabis industry,click here.
Disclosure:The author has a Long position in Aurora Cannabis stock.
Read more on ACB:
• Aurora Cannabis Investors Seem to Be Missing the Latin American Opportunity
• Market Delays Can Derail Aurora Cannabis (ACB) Stock
• Can Aurora Cannabis (ACB) Stock Set Up for Another Breakout?
• Will Aurora Cannabis Stock Be Impacted by Low-Cost Latin Competitors?
• Is 33% Upside Good Enough to Risk Buying Fitbit (FIT) Stock? Deutsche Bank Doesn't Think So
• Deutsche Bank Remains Sidelined on AMD Stock; Here's Why
• Aurora Cannabis (ACB): Buy the Dip or Pump the Brakes?
• Antitrust Investigation Is Not a Major Threat to Alphabet (GOOGL) Stock, Says Top Analyst |
Is It Too Late To Consider Buying Sykes Enterprises, Incorporated (NASDAQ:SYKE)?
Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card!
Sykes Enterprises, Incorporated (NASDAQ:SYKE), which is in the it business, and is based in United States, received a lot of attention from a substantial price movement on the NASDAQGS over the last few months, increasing to $29.38 at one point, and dropping to the lows of $24.76. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Sykes Enterprises's current trading price of $26.55 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Sykes Enterprises’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
View our latest analysis for Sykes Enterprises
According to my valuation model, Sykes Enterprises seems to be fairly priced at around 6.1% below my intrinsic value, which means if you buy Sykes Enterprises today, you’d be paying a fair price for it. And if you believe that the stock is really worth $28.29, then there isn’t much room for the share price grow beyond what it’s currently trading. Furthermore, Sykes Enterprises’s low beta implies that the stock is less volatile than the wider 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. In the upcoming year, Sykes Enterprises’s earnings are expected to increase by 46%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
Are you a shareholder?It seems like the market has already priced in SYKE’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 track record of its management team. 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 SYKE, 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 Sykes Enterprises. You can find everything you need to know about Sykes Enterprises inthe latest infographic research report. If you are no longer interested in Sykes Enterprises, 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. |
Ximon Lee Men’s Spring 2020
Click here to read the full article. Ximon Lee’s latest collection represents a newfound tranquility as the now Berlin-based, Chinese-Korean designer explored a lighter topic of restoration and poetic symbolism. The set, designed by avoir.ig, which is located in Garage Amelot as a part of the CIFF Paris trade show, was filled with flowers in the semi-transparent cage. It also featured surveillance cameras pointing in different directions and footage was projected on big screens. It was an interesting play of seeing and being seen, adding a layer of political commentary to his Chinese roots. Related stories Neiman's Holiday Cornucopia: Exclusives, Excesses and the Accessible Bristol Studio's Collaboration With Adidas Originals Taps Vintage Basketball Rare Collection of Supreme Skateboards Sold for 100,000 Pounds The lineup was a continuation of his fall 2019 collection showcased in Shanghai, the same long coat is made with a lighter fabric, and his signature use of jacquard got a black-and-white update with images of war, male nudity and ripped jeans. The occasional use of the color red seemed to be a reminder of violence and brutality underneath the naivety of his idealistic pursuit of a peaceful world. The designer also debuted his collaboration with Reebok with the brand new DMX Trail Hydrex, an experimental black running sneaker model with a sock boot and chunky soles. This is one of Ximon Lee’s more wearable collections, as the designer has a track record of doing one smaller collection after a major one. But even as he moves in the right direction commercially, Lee needs to recalibrate his rhythm and begin to treat the brand like a proper business. Launch Gallery: Ximon Lee Men's Spring 2020 Sign up for WWD's Newsletter . For the latest news, follow us on Twitter , Facebook , and Instagram . |
Companies to Watch: Ford issues layoffs, Verizon gets help in Huawei dispute, Amazon partners with Rite Aid
Here are the companies Yahoo Finance is watching today.
A big shake-up atFord(F). The auto giant is reorganizing its operations in Europe and cutting about 20% of its workforce there. About 12,000 jobs are expected to be cut. They're also closing about a quarter of their plants. Facilities in Germany, the United Kingdom and Russia will be the hardest hit.
Our parent company,Verizon(VZ), is getting some new help in a patent dispute with Huawei. Senator Marco Rubio (R-FLA) has filed legislation blocking Huawei from seeking damages in U.S. courts. Huawei has demanded Verizon pay more than a billion dollars in licensing fees and calls the talks "common" negotiations.
There's a new spot to pick up yourAmazon(AMZN) packages:Rite Aid(RAD) stores. Amazon has struck a deal with the drugstore chain to let you get your packages there. They'll be setting up special counters in 100 stores before expanding to more than 1,500 locations by the end of the year.
Google(GOOG) and the University of Chicago are being sued for sharing patient data. The university's medical center teamed up with Google in 2017 to share patient information as a way to improve predictive analysis in medicine. The suit alleges that some of the information on the shared records could be used with Google's tech to identify patients.
Bayer(BAYRY) is on the rise after it revealed plans to address its multi-billion dollar lawsuits related to the chemical glyphosate. The pharma company said it hired an attorney to advise its board to tackle the issue. The company’s shares have been under pressure after buying Monsanto, which faces legal issues after thousands of plaintiffs alleged the company’s glyphosate weedkiller causes cancer. |
Global Cannabis Innovators Corporation (GCI Corp.) announces the appointment of President, Hezekiah D. Allen
TORONTO, CA / ACCESSWIRE / June 27, 2019 /GCI Corp. is thrilled to announce the appointment of Hezekiah D. Allen to the position of President. Allen will work alongside CEO Sean Conacher operating and guiding the company's overall global vision. Allen will also take on the role of CEO with newly formed subsidiary, GCI California Corp. where he will be responsible for all aspects of day-to-day operations.
As founder of the California Growers Association and Emerald Grown, Allen was integral to the establishment of the Cannabis Cooperative in California. With this appointment, Allen brings GCI Corp. a robust network of relationships and a deep expertise in cultivating and selling cannabis within the regulated market. Allen will continue his role as Chairperson of Emerald Grown.
"Californian regulations are some of the most complicated in the world and having someone with Hezekiah's background lead our team is invaluable. He's got a lifetime of experience with cannabis and is deeply respected by many cultivators who see him as one of their strongest advocates," says Conacher.
In addition to playing a key role in the development and passage of Senate Bill State Law 94, Allen was also deeply involved in crafting the Medical Cannabis Regulatory and Safety Act of 2015 and successfully advocated for the passage of several pieces of cannabis related legislation.
Born in Humboldt County, Allen has been close to cannabis all of his life. "I grew up at the height of the war on drugs and remember low flying military helicopters and civil rights violations," Allen explains. "I was a grower for most of my twenties, I've worked on policy and regulation for nearly a decade and as a community organizer for the past several years. I'm ready to put the pieces together and build something great for California by ensuring small, artisan growers have pathways to market," says Allen. "It's one of the reasons I'm excited to join GCI Corp. where we'll bring together cultivators with a like-minded capital markets team to ensure the long term success of the industry while preserving the legacy of the family farm."
About GCI Corp.
Toronto-based Global Cannabis Innovators Corp. (GCI Corp.) has built trust, credibility and revenue through its award-winning retail outlets and B2B operations for close to 25 years. With deep expertise in finance, marketing, branding and tax law, and access to Canadian capital markets, GCI is committed to elevating the cannabis industry by building a high-performing and diverse portfolio of companies.
Contact:
Sean Conacher, CEO & FounderGlobal Cannabis Innovators Corp.sean@gcicorp.ca416-912-2932
SOURCE:Global Cannabis Innovators Corp.
View source version on accesswire.com:https://www.accesswire.com/550116/Global-Cannabis-Innovators-Corporation-GCI-Corp-announces-the-appointment-of-President-Hezekiah-D-Allen |
Investors Who Bought CT Real Estate Investment Trust (TSE:CRT.UN) Shares Five Years Ago Are Now Up 25%
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Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And in our experience, buying the right stocks can give your wealth a significant boost. To wit, the CT Real Estate Investment Trust share price has climbed 25% in five years, easily topping the market return of 0.2% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 17%, including dividends.
Check out our latest analysis for CT Real Estate Investment Trust
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
Over half a decade, CT Real Estate Investment Trust managed to grow its earnings per share at 28% a year. This EPS growth is higher than the 4.5% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Thisfreeinteractive report on CT Real Estate Investment Trust'searnings, revenue and cash flowis a great place to start, if you want to investigate the stock further.
When looking at investment returns, it is important to consider the difference betweentotal shareholder return(TSR) andshare price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, CT Real Estate Investment Trust's TSR for the last 5 years was 62%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted thetotalshareholder return.
It's good to see that CT Real Estate Investment Trust has rewarded shareholders with a total shareholder return of 17% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 10% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. Keeping this in mind, a solid next step might be to take a look at CT Real Estate Investment Trust's dividend track record. Thisfreeinteractive graphis a great place to start.
Of courseCT Real Estate Investment Trust may not be the best stock to buy. So you may wish to see thisfreecollection of growth stocks.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.
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. |
How to Stop Traders and Developers Losing Out in the Race to Automate
Wall Street today is underpinned by automation, and it’s been this way for decades. Trading and automation are intimately linked, to an extent many people don’t realize. For example, the NASDAQ utilizes Automated Pit Trading (APT), removing the market floor cry system of decades past.
For most ordinary traders, though, automation isn’t even on their radar. They’re just trying to get by with a manual approach, and putting themselves at a significant disadvantage. This limits trading to longer term strategies rather than day trading.
For example, trades of Apple Inc. (AAPL) could be managed manually, but would be difficult to follow for a day trader. On the contrary, a more volatile stock like Advanced Micro Devices, Inc. (AMD) or Celgene Corporation (CELG) would be nearly impossible to trade efficiently and profitably without an automated solution.
As technology continues to advance, automation could soon be accessible for average traders.
However, a number of factors have kept automated trading systems in the hands of massive corporations and the super-rich for the past generation.
The rich get richer
A mixture of cost and elitism has kept the bulk of traders in the dark regarding automation. The established firms in Wall Street and other financial centers want to preserve their position at the top. After all, it’s a position they’ve worked for centuries to build and maintain.
In their quest to do this, they’ve commandeered an army of some of the world’s most talented trading algorithm developers. These people often have more than20 years of combined trading and coding experience, making them near-untouchable when it comes to helping traders automate.
It’s these legions of trader-developers that are pulling the strings behind Wall Street, facilitating a much more efficient and profitable approach to trading.
However, despite the hugely important role they play, they’re also missing out in the current system. Such experts are used by firms to create enormously profitable algorithms, but sales teams take all the credit and commission.
They’d benefit much more from selling their algorithms directly to other traders, cutting out the middleman, and that opportunity could be closer than many thinks. InAlphanu’s system, for example, developers are rewarded based on how many traders purchase their algorithms.
The platform is built around ANU tokens, which developers earn as users subscribe to their algorithms. This benefits traders too, of course, as developers are incentivized to produce their best work.
This platform, for example, allows traders to work with algorithms for legacy equity positions. This means that developers are able to create trading strategies for assets like Alphabet Inc. (GOOGL) or Nvidia Corporation (NVDA). In addition to the commodity market, Alphanu is also developing a solution for the Cryptocurrencies traders where they could be trading digital assets such as Bitcoin (BTC), Ethereum (ETH) and others.
It’s also more affordable, opening the gates to ordinary traders who don’t have the backing of mega-rich firms and institutions. And the benefits on offer are worthy of attention.
Access to an Arsenal of Trading Tools
Automated trading delivers a range of substantial benefits to those who are privileged enough to access it. These include:
- Moving away from human error and emotion by using hard logic and data to trade in a way that maximizes efficiency.
- The ability to backtest—applying current models and strategies to historical data to run trading methods in a risk-free test environment
- Combatting high-frequency trades (HFT), where dominant firms use bots to place orders in fractions of a second and gain a devastating advantage
By harnessing the power of automation, ordinary traders can compete with the big guys. On top of this, developers get a fairer way of monetizing their experience and skill, one which rewards them for good work.
The system needs to change. If it doesn’t, trading will become even more exclusive, elitist, and oligarchical. By bringing automation into the public domain, new solutions can help drive a shift towards a more democratic and accessible financial industry.
Disclosure: None. |
Black-and-white adventure 'Minit' lands on iOS and Android
Indie adventure game Minitcaught the attention of many when itlanded on consoles and PC last year,through a combination of its monochrome pixelated art style and bite-sized gameplay. As of today, mobile gamers can check out Minit too, as it's available oniOSandAndroidfor $5.
Mobile seems like the ideal format for the game, because it plays out in 60-second chunks. You'll face foes, help others and find secrets as you try to undo a curse. But you only get a minute to explore and do as much as you can before each day ends. It seems like a great way to while away a few minutes when you're on the subway or waiting for a friend to show up. Meanwhile, if you have a Commodore 64 gathering dust somewhere, Minit will soon be available on that platform too. |
Los Angeles Dodgers Sued by Los Angeles Angels Fan Who Claims He Was Brutally Attacked at Dodger Stadium
A Los Angeles Angels fan claims he was attacked by a drunk Los Angeles Dodgers fan during a game and now he's suing the team because Dodger Stadium security failed to prevent it from going down. According to court documents obtained by The Blast, Angel Garcia claims he went to a game on June 26, 2017 at Dodger Stadium in Los Angeles. Garcia claims he was sitting in section 309 with a few friends and he wore a Los Angeles Angels jersey to the game. He says he had 10 seats in row T and two seats in row S (those two seats would become the root of the altercation). In the second inning, Garcia claims a man and a woman tried to sit in the row S seats (Garcia's friends had yet to arrive) and told the couple they were taken. He claims the couple blew him off and sat in them anyway. Garcia says the couple eventually went back to their seats (somewhere around row C, he believes) but claims they tried to come back to his seats at least five more times. He claims the guy repeatedly tried to provoke him and started yelling obscenities at Garcia, who says the harassment got worse as the game went on. Later in the game, Garcia's then-girlfriend put a Dodgers t-shirt over the seats to indicate they were taken (apparently the friends never showed) but Garcia claims the couple threw the t-shirt aside and said, "I don't give a f--k." Then Garcia claims the woman started yelling at him and the man suddenly threw a "suckerpunch," which ignited a brawl. Garcia claims he tried to defend himself when he was grabbed from behind and found himself being attacked by multiple people, eventually losing consciousness. He claims Dodger Stadium security never broke up the melee, it simply died down. He claims security was negligent and allowed the brawl to happen because they did nothing to stop the couple from repeatedly trying to sit in his seats (Garcia claims they had to walk past security each time they came to his seats). Story continues Garcia is suing the Los Angeles Dodgers for negligence and his unidentified attacks for assault and battery. He is seeking unspecified damages. The Blast reached out to the Dodgers for comment but they have yet to respond. |
U.S. envoy says Iran sanctions working, warns against nuclear breaches
By John Irish PARIS (Reuters) - The U.S. policy of maximum economic pressure on Tehran is working but the sanctions do not give Iran the right to breach its nuclear commitments, a senior U.S. official said on Monday. U.S. Special Representative on Iran Brian Hook was speaking in an interview before a meeting with senior French, British and German diplomats in Paris to convince them that the Trump administration's policy of crippling sanctions was the best way to get Iran back to the negotiating table. "We are dedicated to this policy of maximum economic pressure because it is working, it is denying the regime historic levels of revenue," Hook told Reuters. The meeting also comes with Iran on course to reach that limit of the maximum amount of enriched uranium it is allowed to have under a 2015 nuclear deal that includes the three European powers, Russia and China. When asked about Iran possibly breaching those restrictions, Hook said it was clear there would be consequences and that despite the U.S. pullout from the accord in 2018 and subsequent sanctions, it was not an excuse to violate the accord. "Our sanctions do not give Iran the right to accelerate its nuclear programme. It can never get near a nuclear bomb. We are looking very closely at that so it doesn't get below the one year nuclear break-out time." Hook said he would share his views in Paris on Iran's "nuclear blackmail." The deal is meant to extend the time Iran would need to make an atomic bomb, if it chose to, to a year from some 2-3 months. President Donald Trump withdrew the United States from the 2015 pact last year under which Iran accepted curbs on its nuclear programme in return for a removal of sanctions. Iran as said it wants to abide by the deal but cannot do so indefinitely as new U.S. sanctions mean it is receiving none of the benefits. The European powers are scrambling to protect trade with Iran but what they can achieve pales in comparison to U.S. sanctions aimed at slashing Iran's vital oil exports to zero. Story continues But the escalating crisis has put the United States in the position of demanding its European allies enforce Iranian compliance with an accord Washington itself rejects. France said it would ask Trump to suspend some sanctions on Iran to make room for negotiations to defuse the escalating confrontation between Washington and Tehran. Hook said Tehran had spurned U.S. advances about talks. "We've offered many carrots and a year ago we made clear that if Iran behaves like a normal nation and not a revolutionary cause then we will lift all our sanctions." The Trump administration says its ultimate goal is to force Iran back to the table for negotiations. It argues that the 2015 deal, negotiated under Trump's predecessor Barack Obama, was too weak because it is not permanent and does not cover non-nuclear issues, such as Iran's missile programme and regional behaviour. (Reporting by John Irish; Editing by Richard Lough, Leigh Thomas and Mark Heinrich) |
Some US women are taking reproductive matters into their own hands: They're ordering abortion pills by mail
In Aid Access' first year of operation, 21,000 U.S. women reached out to the online organization launched in March 2018 that offers abortion pills internationally. Requests came from all over the country – especially states where abortion is tightly restricted. After a string of states passed bans or limits in recent weeks, pushing the abortion debate in the USA to a fever pitch, abortion rights advocates said those numbers could climb. In 2019, more than a dozen states have either passed or tried to pass more restrictive abortion legislation. Alabama, Georgia, Kentucky and others moved to ban abortion when a fetal heartbeat is detected, which is within six weeks of a pregnancy. Georgia's bill allows exceptions for rape and incest, but Alabama's does not. By the numbers: Fewer women are having abortions. Why? Francine Coeytaux, co-director and co-founder of Plan C, a website geared to helping women understand abortion pills, said views on her site skyrocketed after the Alabama Senate passed its bill in May. Plan C has a report card ranking online abortion pill providers based on shipping time, physician oversight and product quality. "When the law was passed in May, the Alabama law, the next day we had a 1,600% increase on our report card," Coeytaux said. "We have reason to believe that sales in the U.S. last year of abortion pills were probably in the hundreds of thousands." What are abortion pills? Medication abortion, also known as abortion with pills, was approved by the Food and Drug Administration for use in the USA in 2000. The two pills used are mifepristone and misoprostol; the first stops the pregnancy's growth, and the second empties the uterus. Medication abortion before eight weeks' gestation accounted for 24.6% of all abortions in the USA in 2015, according to the latest figures from the Centers for Disease Control and Prevention . The FDA said taking the combination of pills in the first trimester has a success rate of 95% to 99%. Story continues Missouri’s only abortion clinic loses its license to perform the procedure, though it remains open at least temporarily under a judge’s order (June 21) Abortion pills are different from birth control pills, which are a form of contraception. They're also different from Plan B, an emergency contraception that works to prevent pregnancy when taken within 72 hours of having unprotected sex. Abortion with pills has proved to be a relatively safe, easy option during the early stages of pregnancy, according to the FDA. Still, the agency imposed restrictions by limiting distribution to providers with specific certifications. Certain states require in-person administration of the pills, which hinders access within more rural communities. "Medication abortion has an extensive safety record, and the evidence suggests that the restrictions placed on it by the FDA are unwarranted," said Megan Donovan, senior policy manager at the Guttmacher Institute. "Medical organizations have called for lifting the federal restrictions on medication abortion." Ingrid Skop, an OB-GYN based in San Antonio and chairman-elect of the American Association of Pro-Life Obstetricians & Gynecologists, expressed concerns about women with ectopic pregnancies obtaining abortion pills from providers not meeting the FDA's criteria. "The first pill does nothing to end a tubal pregnancy, and tubal pregnancies rupture the tube," Skop said. "A woman who orders it online without the provision of a doctor is going to have no idea if she has an ectopic pregnancy." Elisa Wells, co-founder and co-director of Plan C, said the reasoning behind restrictions of this method of abortion is political, not medical. "This is a very safe procedure that could be helping people," Wells said. "There’s no medical reason for why it can’t be more widely available than it is outside. It's purely political at this point. People need to know that these pills are so safe." What are the downsides? Traffic on Plan C's website has grown significantly in recent years, Wells said. It's not just the surge of restrictive abortion bills causing women to pursue other options but a steady legislative effort to limit access, she said. "The more people are restricted, the more likely that they are going to try to manage an abortion on their own," said Gretchen Ely, an associate professor at the University at Buffalo specializing in access to abortion and contraception. "So instead of it being a pre-Roe situation with objects, they’re going to be looking to manage it with medication. More often, it will be unsupervised." No renewal: Missouri won't renew license of St. Louis Planned Parenthood, state's last abortion clinic Ely said more women turning to unsupervised means of managing their own abortions is a concerning trend. It's far preferable, she said, for women to get abortions with the advice of medical professionals. Online medication abortions may put women's lives at risk, particularly those in rural areas with limited medical facilities, Skop said. "We consider this is a human rights issue, because the fetus is a living human being," Skop said. "Rural women who are being primarily targeted by this, they’re not close to a good hospital. We’re running the risk with these mail-order abortions of increasing the mortality rate of the procedure." The FDA advises against buying abortion pills off the internet because that would bypass FDA requirements. Proponents of a proposed Massachusetts legislative bill, called the "Roe Act" by supporters, wear pink shirts, while opponents of the bill wear red shirts as they listen during a public hearing at the Statehouse in Boston on June 17, 2019. In March, the FDA issued a warning letter to Aid Access for shipping drugs the agency deemed "misbranded and unapproved." Aid Access founder Rebecca Gomperts, a physician based in Austria, fought back, saying the services she provides are needed by people who face barriers to clinical abortions. There are other barriers, experts said: lack of internet access and payment and shipping issues. "You have to figure out how to pay for it online," reproductive law expert Carol Sanger said. "There are details that might make it not as smooth as you think it is. And then where are you going to have it delivered? You have to figure out where are you going to have it sent. Might your husband open it?" What are the implications? Wells and Coeytaux conducted a study testing the reliability of online abortion pill providers. They received the pills from 18 websites and concluded that ordering abortion pills online is feasible. Most of these sites are unsupervised. Plan C's report card lists only one online provider – Aid Access – that has physician oversight. People need accurate, comprehensive information to ensure a safe medication abortion, said Donovan of the Guttmacher Institute. Abortion poll: Most Americans oppose 'fetal heartbeat' laws, closing of all clinics in a state "What's important is that people still have access to the information they need to pursue medication abortion and self-managed abortion safely and effectively," Donovan said. The legal consequences of self-managing an abortion with pills are unclear, Sanger said. It's unclear, too, how prosecutors would know a woman took the pill – they would have to be able to track the mail order. The ability to purchase abortion pills online, Sanger said, gives women more power to make their own choices on abortion. "The existence of the pills and the fact that you can order them just shows how much power has moved into the hands of women themselves," Sanger said. "And that’s a huge and kind of frightening shift for those who oppose abortion." This article originally appeared on USA TODAY: Some US women are taking reproductive matters into their own hands: They're ordering abortion pills by mail |
How much you'll really pay for that student loan
Those who graduate college with student loans owe close to $30,000 on average, according to the most recent data from the Institute for College Access & Success. But they'll likely repay thousands more than that because of interest. One key to limiting interest cost is choosing the right repayment plan . The bottom line? Opting for lower payments will cost you more overall. Using a tool like the Education Department's Repayment Estimator can help you better understand potential costs. Here's how much $30,000 in unsubsidized federal student loans would cost under different plans at the 2019-2020 undergraduate rate of 4.53%. STANDARD REPAYMENT Total repaid: $37,311 Monthly payment: $311 Repayment term: 120 months The standard plan splits loans into 120 equal payments over 10 years. Federal borrowers automatically start repayment under this plan, unless they choose a different option. Standard repayment adds more than $7,000 to the loan's balance in this example, but that's less than most other options. Barry Coleman, vice president of counseling and education programs for the National Foundation for Credit Counseling, says to stick with the standard plan if payments aren't more than 10% to 15% of your monthly income. "The monthly payment would be higher, but in the long run (you) would save more in interest charges," Coleman says. GRADUATED REPAYMENT Total repaid: $39,161 Monthly payment: $175 to $525 Repayment term: 120 months Graduated plans start with low payments that increase every two years to complete repayment in 10 years. Despite having the same repayment term as the standard plan, graduated repayment costs $1,850 more overall due to additional interest costs. Cathy Mueller, executive director of Mapping Your Future , a nonprofit located in Sugar Land, Texas, that helps college students manage debt, says graduated repayment may be a good option for those who expect their earnings to increase in the future. Story continues However, those doing well careerwise should try to make the standard plan work because of its lower interest costs. "It's not going to be a huge difference, but every penny counts," she says. EXTENDED REPAYMENT Total repaid: $50,027 Monthly payment: $167 Repayment term: 300 months The extended plan stretches repayment to 25 years, with payments either fixed or graduated. Fixed payments add more than $20,000 to the example $30,000 balance; graduated payments would inflate your balance even more. "(Extended repayment) is not going to be best for a lot of people," Mueller says. "But it is an option." You must owe more than $30,000 in federal student loans to use extended repayment. INCOME-DRIVEN REPAYMENT Total repaid: $37,356 Monthly payment: $261 to $454 Repayment term: 110 months The government offers four income-driven repayment plans that base payments on your income and family size. This example uses the Revised Pay As You Earn plan, a family size of zero and an income of $50,004, based on starting salary estimates from the National Association of Colleges and Employers. It also assumes annual income growth of 5%. Income-driven repayment costs about the same as standard repayment under these circumstances. But these plans are typically a safeguard for borrowers who can't afford their loans, as payments can be as small as $0 and balances are forgiven after 20 or 25 years of payments. Lindsay Ahlman, senior policy analyst for the Institute of College Access & Success, says to think long-term before choosing an income-driven plan. "A lot of things are going to happen over the course of repayment — your earnings trajectory, your life decisions like marriage and children — that affect" your income-driven payment, Ahlman says. You may pay more overall under these plans as a result, she says. WAYS TO SAVE Even the least expensive repayment plan could add $7,000 to your loans. If you just graduated and want to shave down that amount, you have options. Coleman suggests making payments during the six-month grace period and paying off interest before it's added to your balance when loans enter repayment, if possible. Other ways to cut costs include letting your servicer automatically deduct payments from your bank account, which can reduce your interest rate, and paying loans twice a month instead of once. You can always prepay student loans without penalty. _______________________________________________ This article was provided to The Associated Press by the personal finance website NerdWallet. Ryan Lane is a writer at NerdWallet. Email: rlane@nerdwallet.com. Twitter: @ryanhlane. RELATED LINKS NerdWallet: Find the best student loan repayment plan for you http://bit.ly/student-loan-repayment-plans Repayment Estimator https://studentloans.gov/myDirectLoan/repaymentEstimator.action Mapping Your Future: Student loan resources https://www.mappingyourfuture.org/resources/ |
Introducing Syneos Health (NASDAQ:SYNH), A Stock That Climbed 28% In The Last Three Years
Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card!
Low-cost index funds make it easy to achieve average market returns. But across the board there are plenty of stocks that underperform the market. Unfortunately for shareholders, while theSyneos Health, Inc.(NASDAQ:SYNH) share price is up 28% in the last three years, that falls short of the market return. At least the stock price is up over the last year, albeit only by 4.4%.
Check out our latest analysis for Syneos Health
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
During three years of share price growth, Syneos Health moved from a loss to profitability. That would generally be considered a positive, so we'd expect the share price to be up.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. It might be well worthwhile taking a look at ourfreereport on Syneos Health's earnings, revenue and cash flow.
Over the last year Syneos Health shareholders have received a TSR of 4.4%. While you don't go broke making a profit, this return was actually lower than the average market return of about 6.9%. But the (superior) three-year TSR of 8.6% per year is some consolation. We prefer focus on longer term returns, as they are usually a more meaningful indication of the underlying business. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought.You can find out about the insider purchases of Syneos Health by clicking this link.
Syneos Health is not the only stock insiders are buying. So take a peek at thisfreelist of growing companies with insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
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. |
Everything you need for the ultimate Fourth of July party
We're not sure how, but theFourth of Julyis officially a week away!
Whether you're celebrating America's birthday with the same neighborhood crew, are heading down to the shore for a weekend of sunshine or are keeping it lowkey with a family backyard get-together, there are some things so integral for an epic July 4th party you must never forget.
Below, we've laid out everything you need for the perfect soirée, from grill recipes to patriotic decor to the best backyard games.
1. Set the stage with home decor
What's a party without a few decorations? Set the tone for the holiday with a number of red, white and blue home decor pieces. From candles to pillows to, yes, even patriotic wreaths, these affordable finds will help spice up any outdoor space.
2. Dress the part
Red, white and blue attire is all part of the fun of celebrating the holiday. And no, we're not talking about a simple, American flag t-shirt. Instead, show off your patriotism withchic rompers, star earrings and bright accessories.
3. Top it off in a red, white and blue swimsuit
No matter if you're celebrating at the pool, at the beach or with a DIY-waterpark in your backyard, make sure to go full out with thesepatriotic swimsuits-- cute one-pieces included! Bonus points if you surprise your guests with one of theseInstagramable pool floats.
4. Cook up the perfect Fourth of July menu
Whether you're in charge ofappetizers, have been nominated as the night's mixologist or are manning the grill, food and drinks are the heart of any summer party. Fromwatermelon feta skewerstopatriotic cocktailsto the ultimate burger, these recipes are sure to impress your guests. Because nothing says "America" like a lick-your-fingers sloppy joe...
5. Challenge your friends to some outdoor games
From classic games like bocce and Uno to newer games like Kan Jam, these backyard games will be the life of any party. Check out some of our favorite games below:
For more Fourth of July inspiration, check out the video above! |
Here’s Why Booming Bitcoin Can Break the $16,000 Milestone Soon
The price of bitcoin has corrected by up to 18 percent upon hitting its 17-month high towards $13,868.
Following the European market open on Thursday, bitcoin plunged to an intraday low of $11,301 on San Francisco-based exchange Coinbase. The move brought the cryptocurrency’s 24-hour losses to around 8 percent but managed to maintain the monthly bullish bias with 37 percent gains.
Exchanges trading the bitcoin-enabled pairs collectively posted more than $44 billion in volume in the past 24 hours. At the same time, “Real 10”, which filters out of 95 percent of the artificial daily volume, reported approx $6.03 billion worth of trading activities.
Many macroeconomic catalysts are creating a bullish vacuum for the bitcoin market as of late. First, the Federal Reserve’sdecisionto cut interest rate is weakening the US dollar sentiment against the rival assets, including both commodities and currencies. Second, an economic crisis is arising due to the ongoing trading struggle between the United States and China,sending regional investorslooking for haven assets like gold, and even bitcoin.
And third, the imminent launch of Facebook’s cryptocurrencyLibrais reportedly reinflating the bitcoin buying sentiment. Ever since the social media giant’s announcement, the price of bitcoin has surged by more than $2,500.
Read the full story on CCN.com. |
Q&A with Bills senior national scout Dennis Hickey: how he got into NFL scouting
Yahoo Sports has spoken to various NFL scouts over the past few weeks to get a sense for not only how they got to where they were in their career, but how they got into it and how the industry has changed over the years. This series was inspired by Rivals’ Gabe DeArmond, who put together a fascinating series recently, asking all of the University of Missouri athletic coaches why and how they got into coaching initially. We enjoyed it so much, we’ve been doing the same with NFL scouts. Our next installment is with Buffalo Bills senior national scout and former Miami Dolphins GM Dennis Hickey. Previous entries: Senior Bowl executive director Jim Nagy Dennis Hickey was a heady but hardly physically gifted safety who had to play a year of junior-college football just to get attention on the Division-I level in the early 1990s and continue his path as a player. Hickey did just that, catching the eye of Tulsa, where he become a standout player. But that’s when his playing days ended and his venture into the next level began. Hickey coached briefly but got his break in the NFL in the scouting department of the Tampa Bay Buccaneers, who were assembling quite the talented football staff in the late 1990s. After rising through the ranks, Hickey was named general manager of the Dolphins in 2014. Hickey is now one of the top lieutenants on Bills GM Brandon Beane’s staff, overseeing college scouting for the past few seasons. We spoke with Hickey recently about learning the business in Tampa, when he started dreaming of becoming a GM, his biggest evaluation miss, how the business has changed the most over the years, and plenty more. Bills senior college scout and former Dolphins general Manager Dennis Hickey has seen the scouting business change, but the core principles remain the same. (Getty Images) Yahoo Sports: When did you first get introduced to football? Dennis Hickey: I had two older brothers — very competitive household. They were always playing sports, and so I started playing as soon as I was eligible. In fact, I even dressed up in my uniform even before I was eligible while just watching my brothers play. [laughs] I started playing at age 6 with Pop Warner and loved it. Story continues I played all the way through [high school] and just kept it going. Once I played through college, the reality kind of hits you even though you dream of playing at the next level. [laughs] Your awareness and your objectivity kind of hit you and you’re like, ‘You know what? This is probably it for me.’ So I was just trying to find that competitive outlet of your passion for the game, I said to myself, ‘Hey, where can I keep going in the game?’ The thing is — and I am sure most of the guys you’re talking with have said something similar — you have so many coaches who played such an integral part of and made such an impact on you, so you look at those people [for advice] first. At the time — this was in the 1990s — scouting was obviously going on and a big thing. But it wasn’t as at the forefront, and the draft wasn’t as big, as those things are now. So I got in through coaching at first. I actually coached [at Blinn Junior College in Texas] for a guy who coached me, Willie Fritz, who is now the head coach at Tulane. What a great coach, great person and great friend he’s been to me. He had such an impact on me. I’d run through a wall for him. Yahoo Sports: So was coaching something you seriously considered as a path forward? Dennis Hickey: Coaching, I enjoyed that. I was kind of at a pivotal spot. I could go to the coaching realm, and I had a job offer to coach the secondary at Central Missouri. Or I could go be an entry-level scout with the Buccaneers. I knew a couple of people there, Mark Dominik and Lovie Smith, who played at my alma mater at Tulsa. It was just kind of a pivotal time to make that choice. Just the opportunity to get in the NFL, and I had a lot of respect for Tony Dungy — it was his first year there as head coach — I felt I had to take it, and I went that route. Like I was saying, I needed that competitive outlet for the game for me personally. I was always analytical by nature and I wasn’t always the most talented player, so I always felt like I had to get an edge over my opponents. Usually that was through preparation and watching film, trying to exploit weaknesses and break guys down. And that was just a seamless transition into scouting. I had so many great mentors on the Bucs. It was a small staff, maybe eight of us, and I think six ended up being GMs. It was quite a staff. I just learned so much from so many different guys — Jerry Angelo, Tim Ruskell, Ruston Webster. So many to soak up knowledge from, especially as a young guy. I didn’t know much about that aspect of [the NFL], and you can kind of just grow in the business that way. Yahoo Sports: And in addition to a great scouting staff, that 1996 Bucs team had several very notable coaches, too — Herm Edwards, Lovie, Rod Marinelli, Monte Kiffin and more. I suppose it’s hard to know at the time when you’re fresh into the NFL how many talented people were on that team. Dennis Hickey: Yeah, exactly. I didn’t have anything to compare it to — like, is every team like this? But in hindsight, looking back, it’s like, wow, that was a special group of guys and for a while, too. You had Mike Tomlin [who joined the team in 2001], Rod, Monte, all those guys you mentioned. So many guys who ended up being unbelievable coaches. Plus, that scouting staff I spent so much time around. It was great for a young guy to just learn, man. Dennis Hickey got his start in the NFL on a talented Tampa Bay Buccaneers staff that features head coach Tony Dungy (middle) and several future GMs and head coaches. (Getty Images) Yahoo Sports: You mentioned it was a smaller scouting staff, so naturally that means more work divided up among each of you, one would imagine. What was your original job like as the new guy on the crew? Dennis Hickey: Oh, absolutely. At the time, back then we wrote our reports and stuck them in the mail. [laughs] Imagine that now. But yeah, everything was much smaller. You had to wear a lot of hats. You were picking up guys from the airport or just [doing] busy work that needed to get done. You had a lot of moving parts, and back then you just didn’t have the staff sizes that you do now. But it was great. You worked hard, you got things done and as a result, you got more opportunities sitting in some of those meetings where maybe if I was in the same level of position now, you wouldn’t have that same level of access that I did sometimes then. It’s a much bigger organization now with most teams. So I am definitely blessed to have come up there, getting the experience I did the way I did. My official title was player-personnel assistant. And that included various duties, such as those airport runs. [laughs] But it was great because you just wanted to be around and play a part and do your part. I was a young guy and, yeah, looking back I didn’t know much about the whole NFL game. But could I help my team win? I told myself that picking guys up from the airport was a part of winning. That was part of my job description. I made sure that everything was set and organized for the directors when they were having their meetings, and that definitely was important in my mind to us being a good team. All the little things that someone needed to get done, and I was that someone for a time. But the biggest thing is, you start to learn the details behind all the inner workings, which ended up doing well for me later as I continued to work up the ladder. Yahoo Sports: At this point, did you even aspire to be a GM? Was that even on your radar in the first few years or did that develop slowly over time? Dennis Hickey: Not really at first. I was focused. I was taught early on — and this is a credit to Coach Fritz, who said, ‘Hey man, just be great at the job that you have now. Kick ass in that job first. Grow where you’re planted. Your work will be known.’ I was confident in that. So yeah, you had aspirations along the way and you’d think, ‘OK, what would I do if I was in that situation?’ But I was focused in being great in what was doing and just growing, and early on I knew I had so much to learn and so much to prepare to get to that point. I really wasn’t in a rush, you know, because I knew I had so far to go at first. And just listening to guys like Jerry Angelo and Tim Ruskell and Ruston Webster and those guys, and they kind of guided you in that way too. ‘Hey, make sure you take care of your business first.’ As a young whippersnapper, I needed to learn that lesson the right way to do things first before I could have delusions of grandeur. [laughs] But really, it did help me along the way. I needed that early guidance before I would have been ready or had any thoughts of [being a GM eventually]. Yahoo Sports: You talked about being in some of those rooms with all those experienced evaluators. Is there an intimidation factor involved in being a young scout presenting your observations to so many veteran ears? Dennis Hickey: I always took the speak-when-spoken-to approach. Be quiet, but at the appropriate time if you had done the work, you watched the tape and you’ve written the reports, you had the right to speak up at an opportune time when asked. I was always of the mindset of, be prepared and when asked, to know exactly what to say to paint the picture. Work toward conviction on a player — I was always taught that. And if I didn’t have conviction on a player, I would just keep watching tape. So once I worked toward having that conviction on players, when asked I had that confidence in that. But it was almost always when asked … I wasn’t going to speak up at first. I knew my place, and I had a lot of respect for the guys around me. Intimidation was more in deferring to experience and respecting that. These guys have seen a lot more than I have. I’ve done the work, but I still had a lot to learn. Those guys were awesome. They led me along in that way to the point where I wasn’t feeling that way eventually. Yahoo Sports: What was your biggest miss as an evaluator? Are there one or two that stick with you as the ones that got away? Dennis Hickey: That’s a question I could give you a couple-of-hours answer to. [laughs] The one that just kind of stands out for me was Tony Romo. I actually kind of liked him. I had him as a seventh-round/free agent grade, and of course he went undrafted. But when it came time I didn’t play for him. Yahoo Sports: But wasn’t that also the year you drafted Chris Simms in Round 3? Dennis Hickey: Yeah, that’s right. I just kind of … it was mainly because [Romo] didn’t have the measurables. I remember seeing him against Kansas State [in 2002], and he had some stuff to him, some moxie. [Eastern Illinois] ended up losing to them pretty big [63-13], but he did some things in that game. Still, he was like 6-foot-1, he wasn’t that athletic, coming from that level and not having a huge arm. And when I put all that together, it was like … OK. I just didn’t give him enough credit for the things that he had. You saw that when he finally came into the league, and you’re like, wow, OK, well. You beat yourself up. You look and he’s got a quick release, great instincts, he was a competitor, just a natural feel for the game, he had that ‘it’ factor as a guy and people were just drawn to him. It’s like, all right, I see all that now. You needed to give him the benefit of doubt at that point. When it’s late-round/free-agent time, you get to the point where you can keep the guy alive late or you let him fly to free agency. It came down — and I remember distinctly — and we just didn’t push for him. When he ended up becoming a player, I was thinking, ‘Well, all right, I’ll learn from that one.’ But you see some things and you can’t be afraid to stick your neck out and be wrong. I was a young scout then, so I learned from that. That was one that sticks out, but there are tons of them. It’s just the nature of the business. Eastern Illinois QB Tony Romo, pictured here in 2000, was an NFL draft regret of many scouts a generation ago. (Getty Images) Yahoo Sports: Well, we won’t ask you for all of them. If you miss on a player as a young scout, can that knock your confidence? And what’s the effect in terms of reevaluating your own scouting instincts and system? Dennis Hickey: I think that’s an important part. You’re always going to make mistakes, and big ones. Whether you’re a coach, a player, a scout — doesn’t matter. Everyone screws up something at some point. I am a big believer in autopsies … OK, I missed on that guy. It’s gonna happen, right? But it’s going back and asking why I missed. Was there a breakdown in the process? I am a systems guy; I believe in the process of getting things done. So regarding the process, do I need to change the way I do things? Or was it one of those things … hey, I did everything the right way, did all the work, but that player just didn’t turn out the way I thought he would. You’re always trying to — this is Year 24, 25 for me and I am still going through that process. You ask yourself, ‘What was it about this type of guy or this trait that I need to study more tape on,’ those sorts of things. All the time. I believe complacency is the enemy. I am always looking on how I can get to the next level. Even after being in scouting for all this time, there are still so many areas where you can try to improve. Yahoo Sports: What’s the best or most rewarding part of the scouting process? What still excites you and energizes you about the operation still to this day? Dennis Hickey: To me, what I love about scouting is discovery. At the GM level, you don’t get to be a part of that as much. Everyone else is going to watch the guys before they get to you. But as a scout, I want to be the tip of the spear — to see the guy first — and get him on the radar. Maybe he’s a player who is not highly rated, but to say, ‘Hey, this guy can play.’ That aspect of discovery, which every year starts anew. There are new players every year, players you don’t know anything about, and they’re not on the radar. You’ve got to watch the tape, break them down, figure them out and then you can get to, ‘Hey, I’ve found a guy!’ Maybe it’s a small-school player or maybe it’s a big school and he ends up the first overall pick eventually. But like, it’s just that initial discovery of figuring out an unknown commodity and trying to help your team by scouting him and figuring him out quicker and better than anyone else. Yahoo Sports: And what’s the most challenging part of the business? Dennis Hickey: I think evaluating the players, after doing it for so long, you get in a rhythm there and you still can improve, but figuring out the person and the makeup of the person — that’s usually where you make your mistake. That’s far, far tougher than scouting a player’s skill and measurables. These are young men who are coming into the league, and they’re complex. You’re trying to figure them out and project how they’re going to handle the rigors of the most competitive arena of professional sports in an NFL training camp. Having success, handling money, the challenges and setbacks they’ll face along the way, how they handle tough coaching — that’s the difficult part. It’s challenging, but that’s kind of what drives you. You really need to peel back a lot of layers of that onion. And obviously, to have a young family with all the travel, that’s tough. You just had to make the best of that. The grind — for me anyway, you have to have a special wife who is independent. But you get into the groove and the routine of it, and it’s a fun job at times. But those would be some of the biggest challenges we face. Yahoo Sports: Going back to what you said about mailing in your scouting reports, it got me thinking what have been the biggest changes to the industry since you got into it. What’s most different now in scouting and in the NFL from the time you started? Dennis Hickey: Yeah, I might say the access and the exposure. The big thing when I first started was that you had to go to the school to get access to the tape because each club had one copy of, say, the Alabama-Clemson game. And you know, the coaches had to watch it, the director did, the GM … so you had to make sure you were present to watch. All your film was watched at the schools. Now, anytime you want, you can access the film. So that’s a big thing and a great thing where you can just get a lot more exposure to the players’ tape. But it still comes down to the same things: discipline and evaluating the player on an individual basis and to know what you’re looking for and how he’ll fit your team, how he fits the culture and those sorts of things. Staff sizes obviously have changed, as I was saying, and the analytics — I’d say that in particular has been a very positive development. It’s just different angles of looking at it. I’ve always felt that, hey, the more different looks and the more perspective you have looking at the players when it comes to scouting. You can make sure of things. You can see a number, some piece of data and ask, ‘What does it mean?’ That’s when you take that and go back to the tape and recheck those boxes. Just to make sure how you feel about a player hasn’t changed or isn’t skewed. I think if you look at the last five or seven years, let’s say, there really haven’t been — there are always misses, but I think teams, especially in the middle rounds, with the exposure to the analytics and the benefit of having more exposure to the players in general, that’s helped prevent a lot of the [bigger misses]. I’d also say just the attention and the coverage of it all. Obviously, the combine continues to grow and the draft, too. There are hundreds of thousands of people paying attention to it. Yahoo Sports: So paint a picture of a group film-watching session on a player. Dennis Hickey: At the club? Yeah. It’s seven to 10 guys at the club there, and you always try to get there early because you want to get the clicker. That’s the power right there. [laughs] Whoever possesses the clicker controls how you watch the tape. Guys are different. I am kind of a fast watcher; other guys are slower, more methodical. Everyone has their own watching style. But getting that clicker, you always wanted that so you could base the day on your schedule and your style. Maybe not a ton of changes, but the technology has really has made it easier in a lot of ways. Yahoo Sports: Let’s say a 22-year old — a 1996 version of Dennis Hickey — came to you and asked for career advice and said they wanted to break into the business or a young scout feels like they’re stuck in a rut where they are. What would be your advice to them? And what would you have to know about someone to know whether they are cut out for the scouting business? Dennis Hickey: I would say a couple of things. Going back to what I was saying about growing where you’re planted, it’s important to be great at where you’re at now. Do a great job at what you’re doing, and your work will be known. Some people get caught up in the timing of it, but I am a firm believer that if you’re good at what you do, you have a sincere passion for it and you can not only get that exposure but also prove your worth, it might take time and it might not be as quick as you want it, but if you put in that time and don’t try to take shortcuts and become known as a get-it-done guy, you’ll be OK. Everyone wants to make decisions. [laughs] Like, who we are drafting in the first round. But you have to first be the person that gets things done and makes the whole scouting process move along. And move along smoothly. That’s the biggest thing. You’re a cog in a machine. You can;t be above any job. Do that job great and people will notice your work. There’s just a lot to learn. Rushing can hurt you. Being in a hurry to get a promotion can be a bad thing in the long run. Ask a lot of questions and don’t be afraid to be wrong or ask a dumb question. That’s really where you soak up the knowledge. I’ve really benefited from that. I’ve been around some guys who have all the answers and, well, I just think there’s so much to learn from guys who have been on the front lines and who have made mistakes they’ve had to live with, well, I want to make new mistakes. Not an old one. That’s knowledge and that’s growth as a scout to me. 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’ |
Is There Now An Opportunity In Syneos Health, Inc. (NASDAQ:SYNH)?
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Syneos Health, Inc. (NASDAQ:SYNH), which is in the life sciences business, and is based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. 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. However, what if the stock is still a bargain? Today I will analyse the most recent data on Syneos Health’s outlook and valuation to see if the opportunity still exists.
Check out our latest analysis for Syneos Health
Great news for investors – Syneos Health is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is $82.01, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. What’s more interesting is that, Syneos Health’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. 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. Syneos Health’s earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.
Are you a shareholder?Since SYNH is currently undervalued, it may be a great time to increase 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 capital structure to consider, which could explain the current undervaluation.
Are you a potential investor?If you’ve been keeping an eye on SYNH 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 SYNH. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, 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 Syneos Health. You can find everything you need to know about Syneos Health inthe latest infographic research report. If you are no longer interested in Syneos Health, 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. |
Should We Worry About Toyota Caetano Portugal, S.A.'s (ELI:SCT) P/E Ratio?
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The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll show how Toyota Caetano Portugal, S.A.'s (ELI:SCT) P/E ratio could help you assess the value on offer.Toyota Caetano Portugal has a price to earnings ratio of 7.88, based on the last twelve months. That is equivalent to an earnings yield of about 13%.
View our latest analysis for Toyota Caetano Portugal
Theformula for price to earningsis:
Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Or for Toyota Caetano Portugal:
P/E of 7.88 = €2.88 ÷ €0.37 (Based on the trailing twelve months to December 2018.)
A higher P/E ratio means that investors are payinga higher pricefor each €1 of company earnings. That is not a good or a bad thingper se, but a high P/E does imply buyers are optimistic about the future.
Generally speaking the rate of earnings growth has a profound impact on a company's P/E multiple. Earnings growth means that in the future the 'E' will be higher. And in that case, the P/E ratio itself will drop rather quickly. Then, a lower P/E should attract more buyers, pushing the share price up.
Notably, Toyota Caetano Portugal grew EPS by a whopping 37% in the last year. And it has bolstered its earnings per share by 192% per year over the last five years. With that performance, I would expect it to have an above average P/E ratio.
We can get an indication of market expectations by looking at the P/E ratio. You can see in the image below that the average P/E (7.9) for companies in the auto industry is roughly the same as Toyota Caetano Portugal's P/E.
That indicates that the market expects Toyota Caetano Portugal will perform roughly in line with other companies in its industry. So if Toyota Caetano Portugal actually outperforms its peers going forward, that should be a positive for the share price. I would further inform my view by checkinginsider buying and selling., among other things.
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 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.
Net debt totals 73% of Toyota Caetano Portugal's market cap. This is enough debt that you'd have to make some adjustments before using the P/E ratio to compare it to a company with net cash.
Toyota Caetano Portugal's P/E is 7.9 which is below average (13.9) in the PT market. While the EPS growth last year was strong, the significant debt levels reduce the number of options available to management. The low P/E ratio suggests current market expectations are muted, implying these levels of growth will not continue.
Investors should be looking to buy stocks that the market is wrong about. 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.' Although we don't have analyst forecasts, you might want to assessthis data-rich visualizationof earnings, revenue and cash flow.
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. |
Lilly's Study on Higher Doses of Trulicity Meets Endpoint
Eli Lilly and Company’s LLY phase III study evaluating higher doses of its GLP-1 receptor agonist, Trulicity, demonstrated superiority in A1C (a measure of blood glucose) reduction in type II diabetes patients compared to Trulicity doses already available
Data from AWARD-11 phase III study showed that 3.0 mg and 4.5 mg doses of Trulicity significantly reduced A1C from baseline compared to once-weekly Trulicity 1.5 mg after 36 weeks, thereby meeting the study’s primary efficacy endpoint of superiority. The study also demonstrated superiority in weight loss, its secondary efficacy endpoint.
The study will continue for 52 weeks and Lilly plans to file for regulatory approval of the higher doses by late 2019.
Lilly’s shares have declined 3.8% this year so far compared with the industry’s increase of 3.3%.
Trulicity is a key drug in Lilly’s diabetes portfolio. In the first quarter of 2019, Trulicity generated revenues of $879.7 million, up 30% year over year driven by higher demand in the United States and higher volumes in ex-U.S. markets, which offset the impact of lower realized prices.
However, Trulicity is facing stiff competition from Novo Nordisk’s NVO Ozempic/semaglutide, launched in 2018. In fact, Lilly is seeing pricing pressure across all its diabetes products, which creates uncertainty around the franchise’s long-term growth prospects. A number of competitors are entering the diabetes space. For example, with the approval of Merck MRK/Pfizer’s PFE Steglatro and its combinations, competition in the SGLT2 inhibitors class is expected to increase. The class includes Lilly’s key diabetes medicine, Jardiance.
Lilly currently has a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 reportNovo Nordisk A/S (NVO) : Free Stock Analysis ReportEli Lilly and Company (LLY) : Free Stock Analysis ReportMerck & Co., Inc. (MRK) : Free Stock Analysis ReportPfizer Inc. (PFE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Best OTA DVRs for Cord Cutters
Not long ago, over-the-air, or OTA, programming was all that was available to television viewers. Over the past few decades, other viewing methods have gained popularity. These days, it seems like almost everyone takes advantage of over-the-top, or OTT, options, which allow for streaming from services like Netflix and Hulu . However, even with all these advancements, OTA remains a great option for cord cutters and cable-nevers alike, opening the door to plenty of free content with the use of a digital antenna. Of course, watching regular broadcast TV comes with its drawbacks. While free programming is a cord cutter's dream, only being able to watch programs as they air can be inconvenient. This is where a digital video recorder, or DVR, comes in. An OTA DVR can record content to be played back whenever you want, which means that no matter how busy your schedule is during prime time TV, you won't have to miss out on the best OTA content. There are lots of DVR options on the market today, from those that allow for basic recording and playback to those that offer a lot more control over how and when you view. Some DVRs charge a monthly service fee, while others are a one-and-done purchase. Finding the OTA DVR that works best for your household will require you to figure out your priorities and what you're willing to pay. To help narrow it down a little, here are some of the best OTA DVRs for cord cutters: -- TiVo Bolt OTA DVR -- Tablo Quad OTA DVR -- Amazon Fire TV Recast OTA DVR Read on for additional information about each over-the-air digital video recorder. [ See: 10 Steps to Cut the Cable Cord ] TiVo Bolt OTA DVR TiVo has been one of the biggest names on the DVR scene for a long time, and its recorders continue to be popular picks for those looking to have more control over their OTA content. That's mostly because of the awesome TiVo service, which comes with lots of features designed to make TV-watching more convenient and personalized. Three of the best features are SkipMode, QuickMode and OnePass. SkipMode allows you to skip through commercials easily. QuickMode helps you fast-forward (especially to catch up with live TV) while still allowing you to understand what's happening. OnePass allows you to record and collect all the episodes of a show in one place, and can help you find missing episodes on streaming services like Netflix . The DVR also comes with 1 terabyte of storage to record up to 150 hours of high-definition content. Story continues -- DVR price: $249.99 -- Monthly subscription: $6.99 [ See: Cord-Cutters, Consider These Video-Streaming Services ] Tablo Quad OTA DVR Tablo's product lineup is designed with cord cutters in mind, and the Quad OTA DVR is no exception. Four OTA Advanced Television Systems Committee, or ATSC, tuners allow you to record up to four programs at once, while cross-device compatibility means you can tune in on anything from a smart TV to a cell phone. If you have multiple people in your household looking to watch content at the same time, you can watch recorded content on up to six different devices at a time. There is no required subscription to use basic recording capabilities, but to get Tablo's full set of features, you'll need the monthly subscription. -- DVR price: $199.99 -- Monthly subscription: $4.99 (optional) [ Read: Best Budget-Friendly Gifts for Cord-Cutters ] Amazon Fire TV Recast OTA DVR Amazon's Fire selection provides plenty of ways to tap into streaming content , and the Recast adds to that lineup by helping you control when you tune in to free OTA programming. Once you connect it to an antenna, you'll be able to use the Fire TV app to set up recordings and even see how best to position your antenna. In addition, you'll be able to play recorded content on mobile devices and TVs alike, so you can tune in however you want, and use voice control when paired with Fire TV or Echo devices. This DVR features 500 gigabytes of storage to record up to 75 hours of HD content. -- DVR price: $229.99 -- Monthly subscription: none With plenty of recording options on the market, you'll need to weigh your options and home in on what's most important for you. From one-and-done DVR purchases to monthly subscriptions, the prices and payment styles of all these DVRs vary, too. And for the cord cutter on a budget , figuring out what works best for your situation can help you add recording capabilities to free OTA content in a way that makes the most sense for you. More From US News & World Report 8 Big Budgeting Blunders -- and How to Fix Them 9 Secrets to Save Money on a Shoestring Budget 12 Useless Fees Draining Your Budget |
Boeing shares slip as grounded 737 MAX faces new hurdle
By Ankit Ajmera (Reuters) - Shares of Boeing Co <BA.N> fell 3% on Thursday after the U.S. aviation regulator found a new flaw in the 737 MAX jet, potentially delaying the aircraft's return to service and piling more pressure on the planemaker's suppliers. Boeing was forced to ground its jet worldwide earlier this year following two fatal crashes, sending shockwaves through the global aviation sector. The single-aisle 737, the world's most-sold commercial aircraft, is central to Boeing's future with more than 5,000 orders and a backlog valued at nearly $500 billion at list prices. Barclays analyst Christopher Keyworth said any further delay in the return of the jet to service could have financial implications for aircraft parts suppliers as well as airlines, which have already warned of a hit to their 2019 profits due to the groundings. "We now anticipate a widespread 'supplier reset', with FY20E impact not yet factored into consensus," Barclays analyst Christopher Keyworth wrote in a note, downgrading UK-based aero supplier Senior Plc <SNR.L> to "equal weight". The U.S. Federal Aviation Administration did not elaborate on the latest setback, but sources familiar with the matter told Reuters that the flaw was discovered during a simulator test last week. It was not yet clear if the issue could be addressed with a software upgrade or would require a more complex hardware fix. "While we expect BA to eventually reinstate the MAX and return to targeted, normalized cash flows, we think the timeframe is unknowable," Credit Suisse analyst Robert Spingarn said. "For now, we think investors should expect continued volatility as BA and the regulators work behind closed doors to ferret out any additional issues." Up to Wednesday's close, Boeing shares have lost about 11% of their value since the deadly crash of the Ethiopian Airline 737 MAX jet on March 10. This compares with a 6% increase in the S&P 500 index <.SPX> during the same period. Yet Boeing's stock trades at 20.1 times forward earnings, a slight premium to its European rival Airbus SE <AIR.PA>, which trades at 18.6 times. (Reporting by Ankit Ajmera in Bengaluru; Editing by Sweta Singh) |
Moving Average Crossover Alert: Molina Healthcare
Molina Healthcare, Inc.MOH is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for MOH broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.
This has already started to take place, as the stock has moved higher by 10.1% in the past four weeks. Plus, the company currently has a Zacks Rank #1 (Strong Buy) suggesting that now could definitely be the time for this breakout candidate.
More bullishness may especially be the case when investors consider what has been happening for MOH on the earnings estimate revision front lately. No estimates have gone lower in the past two months, compared to 10 higher, while the consensus estimate has also moved higher too.
So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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John Legend opens up about the new abortion laws: [It's] 'sickening to me' (Exclusive)
Ever since Alabama, Missouri and more states passed the country's most restrictive abortion laws, celebrities have been speaking up.
Kristin Wiig's pulled out of an upcoming Lionsgate project that was set to film in Georgia following the signing of anti-abortion legislation, while comedian Tiffany Haddish postponed her Atlanta stand up show due to the controversial law.
John Legend is among the people in Hollywood to react to the latest abortion ban laws. During an exclusive interview on behalf of hispartnership with Pampers, the "Voice" judge opened up about the harsh and controversial laws, most of which seek to ban abortion with no exceptions for women impregnated by rape or incest.
"I think it's a concern and it's a huge fundamental part of humanity is deciding when you want to have kids. A lot of people are like 'you have two beautiful kids,' and obviously that's a controversial topic and a lot of people have pretty intrenched opinions about it but the bottom line is we had two kids because we wanted to have two kids," the EGOT-winner explained. "The idea that the state would force that kind of decision on any women is sickening to me and especially when you look at the make up of these legislators: Almost all men, almost all older white men that are making these decisions for all of the people in their state."
Legend noted how the disturbing plots ofHulu's award-winning show, "Handmaid's Tale," which takes place over the course of 15 years in the '70s and '80s, echos the outrageous laws that are being passed in 2019.
"It's just a scary time and everyone's made the comparison to "Handmaid's Tale," and the level of repression that that fictional show represents, but I think it's an apt comparison at this point when you see what these states are trying to implement. It's a scary, dangerous time for women. Particularly right now." |
Shopify (SHOP): What Goes Up Must Come Down
After propelling to an all-time high late last week, Shopify (SHOP) shares are coming back down.
At Shopify Unite last week, the company announced major new products and services, including an updated Shopify Plus and new features to make it easier to sell internationally. But most importantly, the company announced it is launching a fulfillment network, which places it directly in competition with Amazon. After the announcements, SHOP stock shot up 8% to an all-time high — but this was short-lived, as shares have decreased 12% since. Has the stock reached its peak?
Roth Capital analystDarren Aftahibelieves that a lot of growth is priced into shares right now, as he downgrades his rating to Neutral, while increasing his price target of $300 (up from $275). (To watch Aftahi's track record,click here)
Aftahi says the company is “adding its own twist by layering on features like AI and Machine Learning (ML) to help manage inventory,” as the company aims to deliver to 99% of the US within 2 days. The company plans to use seven third-party fulfillment centers to deliver to 99% of the US within two days. The rollout will take place over the next five years, and cost about $1 billion.
To this point Shopify has been a software company — this transition marks a major step in a new direction. Aftahi believes Shopify “was looking for a way to provide greater price transparency (less abandoned carts at checkout due to shipping times/costs) and compete with consumer and e-commerce expectations of 2-day shipping.”
Though Aftahi says “there are a lot of moving parts around SHOP’s investments in not only SFN but also additional international expansion alongside updates to its current platform," he believes SHOP has enough customer and merchant data to back these investments. While complex, the analyst thinks “SHOP’s approach of solving multiple smaller problems (software, hardware, international, shipping, fulfillment, etc.) helps hedge itself from a growth standpoint in case any initiatives fall behind schedule.” Even so — and perhaps because of the announcement leading to a surge in its stock — Aftahi is downgrading the company, as he believes “all good news is priced in.”
Market data on TipRanksreveals consensus pegs Shopify as a ‘Moderate Buy’ stock. In the last three months, the Canadian e-commerce giant has scored 14 bullish analyst recommendations- with 9 analysts hedging their bets on the sidelines and 2 remain bearish. The 12-month average price target stands at $301.03, which aligns evenly with where the stock is currently trading.
To read more on the nitty gritty of what’s going on in the tech stocks space,click here.
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salesforce.com, inc. (NYSE:CRM): Financial Strength Analysis
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With a market capitalization of US$116b, salesforce.com, inc. (NYSE:CRM) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these big stocks are their strong balance sheet and high liquidity, which means there's plenty of stocks available to the public for trading. In times of low liquidity in the market, these firms won’t be left high and dry. They are also relatively unaffected by increases in interest rates. Assessing the most recent data for CRM, I will take you through the key ratios to measure financial health, in particular, its solvency and liquidity.
View our latest analysis for salesforce.com
CRM has built up its total debt levels in the last twelve months, from US$4.0b to US$6.8b – this includes long-term debt. With this increase in debt, CRM's cash and short-term investments stands at US$6.4b , ready to be used for running the business. On top of this, CRM has produced US$3.9b in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 58%, indicating that CRM’s debt is appropriately covered by operating cash.
Looking at CRM’s US$10b in current liabilities, it seems that the business may not have an easy time meeting these commitments with a current assets level of US$10b, leading to a current ratio of 0.96x. The current ratio is calculated by dividing current assets by current liabilities.
With a debt-to-equity ratio of 23%, CRM's debt level may be seen as prudent. This range is considered safe as CRM is not taking on too much debt obligation, which can be restrictive and risky for equity-holders. We can check to see whether CRM 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. For CRM, the ratio of 6.6x suggests that interest is well-covered. Large-cap investments like CRM are often believed to be a safe investment due to their ability to pump out ample earnings multiple times its interest payments.
CRM has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at an appropriate level. But, its lack of liquidity raises questions over current asset management practices for the large-cap. I admit this is a fairly basic analysis for CRM's financial health. Other important fundamentals need to be considered alongside. I recommend you continue to research salesforce.com to get a better picture of the stock by looking at:
1. Future Outlook: What are well-informed industry analysts predicting for CRM’s future growth? Take a look at ourfree research report of analyst consensusfor CRM’s outlook.
2. Valuation: What is CRM 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 CRM 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. |
Pamela Anderson details alleged abuse by 'monster' Adil Rami
Pamela Anderson is going scorched earth in her breakup with French soccer player Adil Rami. After publicly accusing him of cheating and inflicting " physical and emotional torture" on her — as well as branding him a “monster,” and “sociopath” — she’s sharing the email exchange she had with his ex-girlfriend, Sidonie Biémont, that revealed he was living a “double life,” having relationships with them simultaneously. Anderson also posted messages Rami sent after she publicly dumped in which he tried to win her back. “In the interest of true and actual transparency,I have chosen to share the letters,” Anderson wrote on Instagram. “I thought about staying silent. But I have a responsibility to continue to help others. Why censor myself. I went through this for a reason.” (Anderson’s advocacy includes being a longtime supporter of the National Domestic Violence Hotline .) Pamela Anderson and Adil Rami on May 24. (Photo: Arnold Jerocki/Getty Images) The letters were shared on her website, under an introduction about how “it feels better to be free of a sociopath ... than being in love with one.” (Screenshot: Pamela Anderson Foundation) In emails with Biémont — who’s the mother of Rami’s 3-year-old twins — Anderson introduced herself and said she, as Rami’s girlfriend and a single mom herself, she wanted to improve the relationship between the athlete, his children and his ex. Biémont’s stunned reply was that while she and Rami split in June 2017, they continued “to see each other as lovers” until earlier this year. While she read in the news that he had started dating Anderson two years ago, he told her that the relationship was “all political.” He denied that he was living with her and said that she had never met their kids. Anderson replied to Biémont explaining that she had been living with Rami for two years, she had met the twins often and Rami had proposed to her on multiple occasions. However, she said they had problems. She tried to leave him 10 times — “he has hurt me a lot — physically and mentally” — and said she was leaving “for good this time,” after learning of his continued relationship with Biémont, to “move on from this terrible humiliating game.” She called Rami “juvenile” for playing them both, then added, “Narcissist actually. Nobody is perfect. [But] he is frightening... He is definitely not worth any more heartache.” In further exchanges, Biémont said that when she questioned Rami about seeing photos of him with Anderson, he told her Anderson was doing it for media attention and that they were “just ‘friends.’” She wrote, “I am so dumb i trusted that i admit.” Anderson wrote back that since she met Rami in May 2017, they have spent every night together — unless she was working out town. “We bought a house in Marseille,” she wrote. “I refurnished and decorated last year. I even decorated boys room. I paid for all.” While they lived together, Anderson said Rami told her she was “not allowed to ever meet player wives. He said they are all trash/bitch/bimbos and were beneath me.” Story continues Anderson continued, “He has always been extremely jealous. Paranoid... Never trusting me. Cutting my friends out of my life, people they worked got me. He isolated me so I could talk to no one. Accused me with being with mens? He said I could not drink without him. It was prison. It was like nothing I’ve ever seen.” (Screenshots: Pamela Anderson Foundation) Anderson also detailed about abuse she claims he inflicted. “He was very cruel to me at times,” Anderson wrote. “He threw me around by my hair in LA last summer. Because I left him to go to hotel after a photoshoot with friends.” (Screenshots: Pamela Anderson Foundation) She also claimed that, “He crushed both my hands. I needed to go to hospital (6 months after) because I was in so much pain. I couldn’t write it open a water bottle. They need to put me to sleep to do injections. my hands were getting better but he hurt me again at mandarine hôtel.” (Screenshots: Pamela Anderson Foundation) She added that Rami “has no respect for women.” She also took issue with him being a spokesperson against domestic violence in France, saying he only did it “for his image.” Anderson’s post also included Rami’s texts to her after she told him things were over. She said she blocked him soon after— and had him removed from the hotel she was staying in when she claimed he showed up to talk to her. (Screenshot: Pamela Anderson Foundation) Anderson has long done work to prevent domestic violence, donating for years to the national hotline. During her first marriage, to Tommy Lee, she experienced abuse. Lee was sentenced to six months in jail for abusing her . If you are in an abusive relationship and need help, the National Domestic Violence hotline is available 24/7 at 1-800-799-7233. Read more on Yahoo Entertainment: Alanis Morissette talks 'challenges and miscarriages' ahead of baby No. 3: 'Didn't think it was possible' Beth Chapman, of 'Dog the Bounty Hunter' fame, dies at 51 ‘Jeopardy!’ fans and Alex Trebek shocked by super rare tiebreaker game Want daily pop culture news delivered to your inbox? Sign up here for Yahoo Entertainment & Lifestyle’s newsletter. View comments |
FreightWaves Forecast: Wildfire Risk Ongoing, Pacific Storm Forms
Wildfire threat out west:The risk for fires remains elevated from the Great Basin to the Desert Southwest due to windy, very arid weather. Dry thunderstorms will add to the risk of wildfire development in the eastern half of Oregon and the western half of New Mexico. The National Weather Service (NWS) has issuedRed Flag Warningsacross the region, including the Reno, Las Vegas and Phoenix metro areas where smoke could reduce driver visibility. The Woodbury Fire just east of Phoenix, for example, has spread across more than 123,000 acres since it was discovered on June 8.
Stormy day in the High Plains:The focus for numerous severe thunderstorms today and tonight is from Montana to North Dakota. These storms will be capable of producing very large hail, intense wind gusts, torrential rainfall and perhaps isolated tornadoes from Missoula and Butte to Great Falls, Glasgow, Glendive and Minot. Drivers will run into delays on portions of the I-15, I-90 and I-94 corridors, and roadblocks are possible due to localized flash flooding. Several severe storms could also pop up from southern Minnesota to far northern Illinois, including Minneapolis, Green Bay, La Crosse and Milwaukee.
Tropical update:Yesterday, Tropical Storm Alvin became the first named storm of the Pacific hurricane season. As of this morning, Alvin's sustained winds maxed out at 60 mph. The storm is several hundred miles west of Central America and is forecast to move westward, farther out in the Pacific. Alvin isn't a threat to anybody on land, but crews on cargo ships will have to steer clear.
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© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
Stuber retro trailer starring Dave Bautista and Kumail Nanjiani
At the time, trailers for '80s action movies surely felt cool. The manly voiceover. The pithy catchphrases. The gaudy text on screen. Now, well, they feel… retro. But hey, retro is always cool, which is why the makers of the upcoming buddy-action comedy Stuber have released a new trailer that re-imagines the marketing of the Dave Bautista - Kumail Nanjiani two-hander as a Lethal Weapon and Midnight Run -era release (watch exclusively above). If you're new to Stuber -sphere: Nanjiani ( The Big Sick ) plays an Uber driver who's the one taken for a ride when he picks up a gun-ho cop ( Guardians of the Galaxy 's Bautista) hot on the trail of a killer. Of course, we know they didn't have Uber in the '80s, because we're much more spoiled these days, but let's not split hairs. It's just a fun trailer remix. Here are some exclusive new posters from the movie as well: Written by Tripper Clancy and directed by Michael Dowse, Stuber also stars Natalie Morales, Iko Uwais and Karen Gillan. Get tickets for the film, which opens July 12, here . Read more on Yahoo Entertainment: Role Recall: Richard Dreyfuss on doubting 'Jaws,' coping with an abusive Bill Murray on 'What About Bob?' and more Sienna Miller Says Aging in Hollywood Is a Blessing: 'You’re Not Just Something in a Skirt' NRA cancels NRATV — and the internet sends 'thoughts and prayers' Want daily pop culture news delivered to your inbox? Sign up here for Yahoo Entertainment & Lifestyle's newsletter. |
Term Sheet -- Thursday June 27
1. Chamath ReturnsHello Term Sheet readers. It’s Lucinda, who is taking over this newsletter until you jet off to a hopefully sunny, but not too hot location for July 4. In the meantime, please send deals to lucinda.shen@fortune.com.Social Capital fell apart after co-founder Chamath Palihaptiya shook up his investing approach, with plans to make fewer but larger investments in a bid to boost returns. Now, Palihapitiya is back, reportedly spinning out a new data-driven venture firm dubbed “Caas,” or capital-as-a-service, perTechCrunch. The idea is to simplify and to some extent, automate, the VC investing process.This might sound familiar. Polina wrote about Social Capital’s testing around another so-calledCaaS operating system in Oct. 2017—at a time when Social Capital’s other two co-founders Ted Maidenberg and Mamoon Hamid were beginning to distance themselves from the firm. Palihapitiya though was pitching the platform, dubbed “magic 8-ball,” not only for its ability to capitalize on the vast amount of data the internet revolution had brought about, but also the platform’s lack of gender and racial bias. As Polina explains:“Here’s how the self-serve platform works: Entrepreneurs fill out a questionnaire, submit relevant figures such as revenue and raw engagement data, and/or grant the firm access to its cloud services. Social Capital will then evaluate the company and write a check or pass and deliver feedback.Social Capital evaluated nearly 3,000 companies during its private beta and committed to funding several dozen across 12 countries. An interesting byproduct of the data-oriented approach was that CEO demographics skewed 42% female and majority non-white. (For context, female founders received 2.19% ofventure capital funding in 2016.) In an email to Term Sheet, Social Capital CEO Chamath Palihapitiya called the 42% data point ‘simply fucking awesome.’”Palihapitiya’s move also comes after Social Capital alumni built their own data-driven venture fund. Social Capital’s “Magic 8-Ball” platform was built by reportedly by Jonahthan Hsu, who has in fact moved on to found Tribe Capital alongside Maidenburg and Arjun Sethi—a firm using a platform based on the “Magic-8-Ball.”It’ll be interesting to see how the two firms develop. Quantitative investing firms guard their algorithms and data sources tightly for a reason—because it is the crux of their success. But unlike Renaissance Technology or Two Sigma, venture capital also has a heavier emphasis on relationships and gut instinct. After all, it is an industry of spotting firms early on—firms that don’t have a repository of data and history but may have an impressive founder and vision.TIKTOK GOES BOOM:TikTok videos are everywhere. Even if you don’t know you’ve seen one, you’ve seen one. The app is hard to explain if you’re not a teenager, but in essence, it’s used for making & sharing short videos. Users can engage with other users through “response” videos or “duets” — by duplicating videos and adding themselves alongside.Fortunejust published a deep-diveinto the viral social media app — it has been downloaded 950 million times in two years. From the story:Facebook is clearly paying attention. Last year, it introduced its own rival video-sharing app, Lasso. But the wannabe-TikTok has been downloaded just 187,000 times as of June, according to Sensor Tower. Meanwhile, Facebook-owned Instagram is also adding TikTok-like features. Last year, for instance, Instagram incorporated music into Stories, its ephemeral feed of photos and videos, while in May it started letting users append song lyrics to their videos so viewers could sing along.But none of that has slowed TikTok’s rapid growth. In the first quarter, on Android phones alone, U.S. users spent 85 million hours in the app, nearly five times as many hours as were spent during the same period last year, according to analytics firm App Annie.“ByteDance [which owns TikTok] has hundreds of engineers in A.I. alone and is known for its algorithms, which are just really good at figuring out what you like and sharing with you other stuff it thinks you’ll like,” says Hans Tung, a managing partner at investment firm GGV Capital who was an early backer and board member of Musical.ly.Read more.
2. VENTURE DEALS•TripActions,a Palo Alto, Calif.-based business travel platform,raised $250 million in Series D funding.Andreessen Horowitzled the round, and was joined by investors includingZeev Ventures, Lightspeed Venture PartnersandGroup 11, valuing the firm at$4 billion.•Commonwealth Fusion Systems, a Cambridge, Mass.-based startup commercializing fusion energy, raised $115 million and closed its Series A round.Future Ventures, Khosla Ventures, Lowercase Capital, Moore Strategic Ventures, Safar Partners, Schooner Capital,andStarlight Venturesinvested.•Aera Technology, a Mountain View, Calif.-based developer of cloud-based supply chain intelligence software solutions, raised $80 million in Series C funding.DFJ Growthled the round, and was joined by investors includingNewView CapitalandGeorgian Partners.•Degreed, a San Francisco-based learning and skill tracking platform, raised $35 million in funding. Investors includeOwl Ventures, Jump Capital, Signal Peak Ventures, GSV Accelerate,andAlliance Bernstein.•Cobalt Robotics,a San Mateo, Calif.-based builder of indoor autonomous robots raised $35 million in Series B funding.Coatueled the round.•eSmart Systems, a Norweigan provider of AI-based analytics for infrastructure inspection and asset health monitoring, raised $34.4 million in funding.Energy Impact PartnersandInnogy Venturesinvested.•Creative Group, a Dutch e-voucher website, has secured 22 million euros ($25 million) in funding.Prime Venturesinvested.•Metropolis Technologies, a Los Angeles-based mobility startup focused on building integrated networks, raised $17.5 million in funding.Zigg Capitalled the round, and was joined by investors includingSlow VenturesandRXR Realty.•AUrate, a direct-to-consumer fine jewelry brand, raised $13 million in Series A funding.Bluecrest Capitalled the round, and was joined by investors includingPoint King Capital, Arab Angel FundandDrake Management.•GreatHorn, a Waltham, Mass.-based email security platform provider, raised $13 million in funding.RRE Venturesand.406 Venturesled the round.•Vulcan Cyber,an Israel-based vulnerability remediation platform, raised $10 million in Series A funding. Investors includeTen Eleven VenturesandYL Ventures.•Climb Credit,a New York-based student lending company, raised $9.8 million in Series A funding.Third PrimeandNew Markets Venture Partnersco-led the round, and were joined by investors includingAcumen, Impact Engine, Two Culture Capital, Elizabeth Tse,1/0 Capital, Learn Capital, Montage Ventures, Hill Hedge FundsandMichael Sidgmore.•Qover, a Belgium-based insurance partner for digital businesses, raised EUR 8 million ($9 million) in funding.AlvenandPortag3 Venturesco-led the round,and were joined by investors includingAnthemis.•Taster, a London-based delivery-only online restaurant brand maker, raised $8 million in Series A funding fromBattery Ventures, Heartcore Capital, LocalGlobe, and others.•CryoTherapeutics,a Belgian based firm focused of cryotherapy to prevent heart attacks, raised 7 million euros ($8 million) in series B funding.Noshaq , Peppermint Venture Partners, Creathor Ventures,andGetz Brothersinvested.•Fellow,a startup building software for managers, raised $6.5 million in seed funding.Felicis Ventures, Inovia Capital,andGarage Capitalled the round.•SoundCommerce,a Seattle-based data platform provider, raised $6.5 million in seed funding.Defy Partnersled the round, and was joined by investors includingVoyager Capital, Stage Venture Partners,andthe Alliance of Angels.•Lulalend, a South African automated provider of short-term funding for small and medium enterprises, raised $6.5 million in series A funding.IFCandQuona Capitalled the round.•Skubana, a New York-based commerce operations platform, raised $5.4 million in Series A funding.Defy Partnersled the round, and was joined by investors includingAdvancit CapitalandFJ Labs.•dfuse, a Canada-based blockchain API company, raised $3.5 million in funding.Multicoin Capitalled the round, and was joined by investors includingIntel Capital,BoxOne Ventures, Panache Ventures,andWhite Star Capital.•Aromyx,a Mountain View, Calif.-based maker of biotechnology and data science to capture unique sensory data, raised $3 million in funding.Ulu Venturesled the round, and was joined by investors includingRationalwave Capital Partners,Merus Capital,CE Venture Capital,Stanford University,andRadicle Growth.•BUREA, a Puerto Rico-based retail shopping app that gives users cash back when they shop, raised $2 million in Series A funding.Independent CapitalandExpresión 2020co-led the round.•Bicameral Venturesinvested inBalance, a crypto custodian. Financial terms weren’t disclosed.
3. HEALTH AND LIFE SCIENCES DEALS•Omada Health, a San Francisco-based developer of online digital healthcare programs, raised $73 million in funding.Wellington Management Company LLPled the round, and was joined by investors includingCigna Ventures, Andreessen Horowitz, U.S. Venture Partners, Norwest Venture Partners, Kaiser Permanente Ventures, Sanofi Ventures, Civilization Ventures,andProvidence Ventures.•PanTheryx, a Boulder, Colo.-based biotech, raised $50 million in funding fromPerceptive Advisors.•DayTwo, an Israel-based microbiome human discovery platform, raised $31 million in Series B funding.aMoonandOfek Venturesco-led the round, and were joined by investors includingSeventure PartnersandJohnson & Johnson.
4. PRIVATE EQUITY DEALS•TDR Capitalagreed to buy car auctioneerBCA Marketplacefor about 1.91 billion pounds ($2.4 billion), perthe Financial Times.•CVC Capital Partnersis nearing a deal for a 25% stake inGEMS Education, a Dubai-based private school operator backed byBlackstone Group,Bloombergreports citing sources.•Centerbridge Partnersis in talks to acquireMagellan Health, a Scottsdale, Ariz.-based managed care provider,the Wall Street Journalreports citing sources.•Alpine Investors,invested inNortheast Ohio Eye Surgeons, an Ohio-based eye care business. Financial terms weren’t disclosed.•Thomas H. Lee PartnersacquiredNextech Systems,a Tampa, Fla.-based provider of healthcare technology solutions for specialty physician practices, fromFrancisco Partners.Financial terms weren’t disclosed.•EMEXa portfolio company ofO2 Investment Partners, invested inPatriot Energy Group, a Houston-based natural gas management firm. Financial terms weren’t disclosed.•Manna Tree Partnersinvested inVital Farms, an Austin-based pasture-raised eggs and butter maker. Financial terms weren’t disclosed.•Apollo Global Managementagreed to acquireCox Media Group’s radio stations, CoxRepsand itsGamutadvertising business. Financial terms weren’t disclosed.•One Equity Partnerscompleted its acquisition ofWalterscheid Powertrain Group, a German provider of original equipment and aftermarket parts and services for off-highway powertrain applications, fromGKN Limited.•Forterro, a portfolio company of Battery Ventures, agreed to acquireAbasSoftware, a German enterprise resource planning software maker.
5. OTHER DEALS•Axalta Coating Systems Ltd, a U.S. coatings company backed byBerkshire Hathaway, is exploring a sale of the company,Reutersreports.•Ascensusagreed to acquireHR Simplified, a Minneapolis, Minn.-based third-party administration firm that services consumer-directed health (CDH) plans. Financial terms weren’t disclosed.
6. EXITS•Investcorp Credit Management US, a New York-based subsidiary ofInvestcorp Bank B.S.C.,agreed to acquire a majority stake ofCM Investment Partners, fromCyrus Capital PartnersandStifel Venture Corp.•Integrated Oncology Network,a portfolio company ofSilver Oak Services Partners, acquirede+CancerCare, an operator of outpatient cancer care centers, fromKohlberg & Company.
7. FIRMS + FUNDS•Warburg Pincusclosed its $4.25 billion Warburg Pincus China-Southeast Asia II fund.
8. PEOPLE•Matt PetronziojoinedTwin Bridge Capital Partnersas a partner.•SergeyShermanwas named managing director atTuatara Capital.
9. SHARE TODAY’S TERM SHEETView this email in your browser.Polina Marinovaproduces Term Sheet, andLucinda Shencompiles the IPO news. Send deal announcements to Polinahereand IPO news to Lucindahere. |
Trump Tower condos on market for years fail to sell despite multi-million-dollar asking price discounts
A number of properties in Trump Tower remain on the market years after they were first listed, and despite millions being slashed from their asking prices. Last month Bloomberg reported most units up for sale in Donald Trump s New York City skyscraper have sold at a loss since he became president in 2017 with some failing to fetch even 80 per cent what their owners paid for them. In contrast, the news organisation reported only 0.23% of homes in New York had sold for a loss in the same period. The US presidents unpopularity in the liberal city and the vastly increased security around the building are two of the reasons cited for the residences being found somewhat less than desirable. An investigation this week by the New York Post uncovered eight properties currently for sale in the 58-storey building, some of which have remained unsold for years despite price reductions running into the millions. The priciest, Unit 61L, is a three-bedroom condo on the market for $10m, despite being purchased by its current owner for $14.4m in 2013. It initially went on the market in 2018 for $18m, before seeing successive price reductions. Similarly priced is Unit 58CD, currently valued at $9.99m having been first put on the market in 2017 at $11.5m. Twenty months later this masterpiece of design and artful living remains unsold. One of the most dramatic price cuts has been made to Unit 57L, a 2,500 sq ft condo put up for sale in 2015 for $18m. Four years later, it is valued at $8.99m, slightly less than half the original asking price. Successive price cuts has seen Unit 42BC two condos marketed as an opportunity to combine into one fall to $6.5m from its initial $8.5m in October 2016, a month before Mr Trump won the presidential election. Of the four remaining condos, all priced at a cheaper $2-3m, two have seen price reductions in an attempt to get them sold, while the other pair remain on the market for the initial asking price. View comments |
Is It Too Late To Consider Buying Carter's, Inc. (NYSE:CRI)?
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Carter's, Inc. (NYSE:CRI), which is in the luxury business, and is based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Today I will analyse the most recent data on Carter's’s outlook and valuation to see if the opportunity still exists.
View our latest analysis for Carter's
According to my valuation model, Carter's seems to be fairly priced at around 19% below my intrinsic value, which means if you buy Carter's today, you’d be paying a fair price for it. And if you believe the company’s true value is $116.99, then there isn’t much room for the share price grow beyond what it’s currently trading. What's more, Carter's’s share price may be more stable over time (relative to the market), as indicated by its low beta.
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. Carter's’s earnings growth are expected to be in the teens in the upcoming years, indicating a solid future ahead. This should lead to robust cash flows, feeding into a higher share value.
Are you a shareholder?It seems like the market has already priced in CRI’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 track record of its management team. 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 an eye on CRI, 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 Carter's. You can find everything you need to know about Carter's inthe latest infographic research report. If you are no longer interested in Carter's, 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. |
AMC Stubs A-List Is a Hit, but Not AMC Entertainment Stock
AMC Entertainment(NYSE: AMC)blew out the lone candle on the birthday cake of AMC Stubs A-List on Wednesday. The game-changing movie theater subscription servicelaunched a year ago, and it already has more than 860,000 members paying at least $19.95 a month for access to as many as three screenings a month across standard and premium multiplex formats.
AMC Stubs A-List is a winner at its first birthday party, but the proud parent cheering its toddler's achievements has been a surprising loser. AMC Entertainment stock is hitting 52-week lows this week, closing in the single digits for the first time since late 2017. The stock has shed 32% of its value since launching the service, surrendering more than half of its value since peaking last September. It's a cruel plot twist that few saw coming when the disrupted became the disruptor.
Image source: AMC Entertainment.
AMC Stubs A-List is a hit with moviegoers, obliterating the third-party competition in its wake. Sinemiacalled it quitsfor its stateside operations in April, andHelios and Matheson Analytics'(NASDAQOTH: HMNY)MoviePass -- the platform that became the niche's first mainstream hit -- is on its last legs.
Third-party disruptors never stood a chance. They did offer cheap prices to get a foot into the multiplex door, with Helios and Matheson shocking the industry two summers ago by slashing the MoviePass price for unlimited daily standard screenings to less than $10. However, the model was never going to be sustainable. Helios and Matheson was losing money after even a single ticket was purchased, and it had to pay face value for its admissions.
AMC Entertainment may have come in last summer charging twice as much, but it was sustainable. AMC could afford to surrender a profit at the box office, knowing it could more than make it back in concessions. With exhibitors struggling for relevance in an age where streaming services and high-def home theaters make a night at the movies less tempting, AMC was willing to disrupt itself -- and it's working. AMC Stubs A-List now has 860,129 members, and they have filled more than 20 million seats that might have otherwise gone empty.
The stock isn't playing along for a few reasons. One primary concern is that the slate for 2020 releases isn't as impressive as the blockbusters rolling out this year. However, AMC Entertainment itself has also disappointed. It has posted a much larger deficit than expected in two of the past three quarters, and analysts see a loss this year after a profitable 2018. Wall Street sees AMC Entertainment roughly breaking even come 2020.
AMC Entertainment has also failed to appeal to income investors, even though the plummeting shares have boosted the yield to a hearty 8.5%. The country's largest movie theater chain has been shelling out $0.20 a share in quarterly dividends for five years.
We will never know where the stock would be without AMC Stubs A-List. We don't know how many of those 20 million tickets claimed by subscribers would've been sold at face value without the subscription service. Rolling out the service was a gutsy call, and the same can be said about the move toraise subscription prices by 10% to 20%in its priciest states. AMC Entertainment stock is being punished because it's a multiplex operator in a challenging environment for the industry, not because it was willing to disrupt the disruptors.
AMC Entertainment has outlived Sinemia, and it will inevitably outlast Helios and Matheson's MoviePass. It will still need a Hollywood ending to beat out the bears.
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Rick Munarrizowns shares of AMC Entertainment Holdings. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has adisclosure policy. |
Tons Of Celebrities And Fans Are Sharing Condolences And Memories Of Beth Chapman After Her Death
Photo credit: Jason Merritt/TERM - Getty Images From Women's Health Fans and celebs alike are sharing their reactions and condolences to Beth Chapman's death online. Beth, 51, died Wednesday while in a medically-induced coma after battling throat cancer. Beth and her husband Duane "Dog" Chapman are best known for their TV show Dog the Bounty Hunter . Duane 'Dog' Chapman and countless fans of the hit TV show Dog The Bounty Hunter are mourning the loss of Duane's wife, Beth Chapman. Duane confirmed the news of her passing on his Twitter account on Wednesday: "It’s 5:32 in Hawaii, this is the time she would wake up to go hike Koko Head mountain," he wrote. "Only today, she hiked the stairway to heaven. We all love you, Beth. See you on the other side." Beth's daughter Bonnie shared her father's tweet via Instagram Stories, as well. It’s 5:32 in Hawaii, this is the time she would wake up to go hike Koko Head mountain. Only today, she hiked the stairway to heaven. We all love you, Beth. See you on the other side. - Duane Dog Chapman (@DogBountyHunter) June 26, 2019 Beth, who had been battling stage four throat cancer, was just 51 years old. She was hospitalized on Friday after she had difficulty breathing and briefly passed out, USA Today reports. Doctors then put her in a medically-induced coma to help spare her from pain while she received treatment, family spokesperson Mona Wood-Sword told the Associated Press. But it's not just Duane and Bonnie who have taken to social media to talk about Beth's passing; many fans and some pretty notable celebs have also shared their condolences on social media. Actors Scott Baio and Isaiah Washington both wrote sincere messages on their Twitter pages. "RIP Sweet @MrsdogC, " Scott wrote "Sending our deepest sympathy and prayers to @DogBountyHunter and his family." While Isaiah said, "RIP Beth Chapman." Story continues RIP Sweet @MrsdogC . Sending our deepest sympathy and prayers to @DogBountyHunter and his family. 🙏🙏 https://t.co/yAIx7cJgpJ - Scott Baio (@ScottBaio) June 26, 2019 #MySleeptweet RIP Beth Chapman pic.twitter.com/QCW39m8OoF - Isaiah Washington (@IWashington) June 26, 2019 Super Nanny star Jo Frost also sent a supportive tweet: "Sending you and your family strength and sympathy, my deepest condolences," she wrote. Real Housewives Of Atlanta star Kim Zolciak Biermann, too, sent her love, as did Perez Hilton, who shared some personal texts with Beth, and Wynonna Judd, who shared a few pictures of herself with Beth. Sending you and your family strength and sympathy, my deepest condolences. Jo xxx #Supernanny 🙏🏻🙏🏻🙏🏻🙏🏻💜💜💜 - Jo Frost (@Jo_Frost) June 26, 2019 So heartbroken. RIP @MrsdogC We love you ❤️ - Kim ZolciakBiermann (@Kimzolciak) June 26, 2019 A few of my recent private messages with Beth Chapman on Twitter. Never met her but she feels like a family member. We’ve been chatting for years. Beyond sad. Just 51 years old!! pic.twitter.com/hJlH9JdBd7 - Perez (@ThePerezHilton) June 25, 2019 I will always be grateful for our connection. #BethChapman pic.twitter.com/TVX7Y3gO6S - Wynonna (@Wynonna) June 26, 2019 Wheel of Fortune 's Vanna White shared a photo of her last lunch with Beth along with kind words: "We will miss you sweet friend." Fox News host Jeannine Pirro wrote, "Rest in peace Beth Chapman… a good lady and a great American," in a Tweet alongside photos of Beth and Dog. We will miss you sweet friend.❤️ https://t.co/0OF13f6zzh - Vanna White (@TheVannaWhite) June 27, 2019 Rest in peace Beth Chapman… a good lady and a great American. pic.twitter.com/lZmWZTAEjk - Jeanine Pirro (@JudgeJeanine) June 26, 2019 Shannon Tweed Simmons, wife of KISS bassist Gene Simmons, reminisced with a collage of photos of she and Beth together on Instagram. She captioned the post: "We had fun, didn’t we? I’ll miss you. RIP @mrsdog4real Alice Chapman ❤️❤️" View this post on Instagram We had fun, didn’t we? I’ll miss you. RIP @mrsdog4real Alice Chapman ❤️❤️ A post shared by ShannonLeeTweedSimmons (@shannonleetweedsimmons) on Jun 26, 2019 at 1:08pm PDT Bonnie has continued re-tweeting tributes from friends. She encouraged friends and fans to pay respects and shared a touching photo of flowers on her mom's car. pic.twitter.com/iErraH1ddH - Bonnie Chapman (@Bonniejoc) June 26, 2019 If you’d like to pay respects, feel free to. pic.twitter.com/fuOsOBm27Q - Bonnie Chapman (@Bonniejoc) June 26, 2019 Fans of Beth and Duane's TV show also sent an outpouring of love for Beth and her family. Duane has over 50,000 responses to his tweet announcing Beth's passing-most of which are from fans sharing their condolences and favorite memories of Beth. ('You Might Also Like',) 14 Keto Breakfast Recipes That Make Waking Up So Much Easier 13 MS Symptoms In Women That Shouldn't Be Ignored Love Carbs? We Created This 21-Day Keto Diet Plan Just for You |
What does Capri Holdings Limited's (NYSE:CPRI) Balance Sheet Tell Us About Its Future?
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Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Capri Holdings Limited (NYSE:CPRI), with a market cap of US$5.2b, often get neglected by retail investors. While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. Today we will look at CPRI’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysisinto CPRI here.
View our latest analysis for Capri Holdings
Over the past year, CPRI has ramped up its debt from US$875m to US$2.6b , which includes long-term debt. With this increase in debt, CPRI currently has US$172m remaining in cash and short-term investments to keep the business going. Moreover, CPRI has generated US$694m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 27%, signalling that CPRI’s operating cash is sufficient to cover its debt.
With current liabilities at US$1.5b, it appears that the company has been able to meet these commitments with a current assets level of US$1.7b, leading to a 1.12x current account ratio. The current ratio is the number you get when you divide current assets by current liabilities. For Luxury companies, this ratio is within a sensible range since there is a bit of a cash buffer without leaving too much capital in a low-return environment.
CPRI is a highly-leveraged company with debt exceeding equity by over 100%. This is not unusual for mid-caps as debt tends to be a cheaper and faster source of funding for some businesses. No matter how high the company’s debt, if it can easily cover the interest payments, it’s considered to be efficient with its use of excess leverage. A company generating earnings after interest and tax at least three times its net interest payments is considered financially sound. In CPRI's case, the ratio of 23.16x suggests that interest is comfortably covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.
CPRI’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. Since there is also no concerns around CPRI's liquidity needs, this may be its optimal capital structure for the time being. This is only a rough assessment of financial health, and I'm sure CPRI has company-specific issues impacting its capital structure decisions. I suggest you continue to research Capri Holdings to get a more holistic view of the mid-cap by looking at:
1. Future Outlook: What are well-informed industry analysts predicting for CPRI’s future growth? Take a look at ourfree research report of analyst consensusfor CPRI’s outlook.
2. Valuation: What is CPRI 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 CPRI 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. |
Dimon has questions about Facebook's cryptocurrency Libra
In February, JPMorgan Chase briefly excited bitcoin enthusiasts when it launched its own cryptocurrency, JPM Coin . But soon after the announcement, the crypto community and tech media aptly pointed out that JPM Coin is an internal token for settling transactions with JPM clients, permissioned rather than “permissionless,” and fully controlled by JPMorgan ( JPM )— not so exciting to crypto flag-wavers . In the days since June 18, Facebook ( FB ) has had a somewhat similar experience. The embattled tech giant announced it would launch in 2020 a new cryptocurrency called Libra (in partnership with a collection of big-name “founding members” including Visa, MasterCard, PayPal, Stripe, eBay, Uber, and Lyft) and a digital wallet called Calibra . While some analysts and research firms are bullish that Libra can bring cryptocurrency mainstream , the cryptocurrency industry mostly has questions and criticism, like whether Libra coin can be truly decentralized when Facebook execs are building it, and whether Libra’s blockchain can ever be truly open and public when there’s a carefully-selected roundtable of “members” behind it. UBS, in a note on Libra, declared, “ We have more questions than answers .” JPMorgan CEO Jamie Dimon also has questions. JPMorgan Chase chairman and CEO Jamie Dimon testifies before the House Financial Services Committee on April 10, 2019, during a hearing on Capitol Hill in Washington. (AP/Patrick Semansky) “Will they follow banking rules or KYC, BSA, AML,” Dimon said in an interview with Yahoo Finance editor-in-chief Andy Serwer, “or will they not? But they obviously want to serve their clients, and that’s fine. I also want to be able to serve their clients, too. We would like to do some of it too, ourselves, and we don’t always want to be forced into someone else’s ecosystem.” Questions about Libra’s plan for KYC/AML Dimon is referring to “know your customer” rules (KYC) and “anti-money laundering” (AML) rules, which stem from the Bank Secrecy Act of 1970 (BSA). Any U.S. bank or financial service company holding and transmitting money on behalf of customers is required to comply with KYC and with BSA/AML. Story continues And Dimon is right to point to those acronyms; other critics have also picked up on the fact that Libra’s white paper makes no mention of KYC, and just one mention of AML (bolding ours): “The existing blockchain systems have yet to reach mainstream adoption... Some projects have also aimed to disrupt the existing system and bypass regulation as opposed to innovating on compliance and regulatory fronts to improve the effectiveness of anti-money laundering . We believe that collaborating and innovating with the financial sector, including regulators and experts across a variety of industries, is the only way to ensure that a sustainable, secure and trusted framework underpins this new system.” Facebook Libra coin don't need KYC. They have so much more data on the 2 billion people. Not just name, id, address, phone number. They know your family, friends, real-time/historic location, what you like... They know you more than yourself. And now your wallet too. Best AML! — CZ Binance (@cz_binance) June 18, 2019 Instead of harping on KYC and AML, Facebook emphasizes, in multiple sections of the Libra website and the Calibra press release, that it will keep Libra customers’ financial data separate from Facebook social data. But that doesn’t really address the regulatory concerns Dimon is talking about. Jamie Dimon: ‘Blockchain is real’ Nonetheless, Dimon sounds a lot more bullish on crypto and blockchain than he did when he called bitcoin a “ fraud worse than tulip bulbs ” in 2017. “Blockchain is real. We have the JPMorgan coin blockchain. And competition is real,” Dimon told Yahoo Finance. But he also thinks the banking system doesn’t really need cryptocurrency. “The banking system has already built Zelle, realtime P2P, and TCH The Clearing House,” Dimon says. “We already have all that. And it’s very cheap, it’s very secure, it shares a lot of information. It goes through all the bank security systems, cybersecurity systems, KYC, BSA, AML. We’re going to have competitors... whether it’s a cryptocurrency competitor or another fintech competitor, we’re going to have competitors. I tell our people, Just don’t guess. You know they’re there. You know they’re coming. You know they want to eat your lunch. Assume it. And it might not be the ones we see. It might be the ones we don’t see.” Facebook is very clearly one of the tech competitors that would like to eat JPMorgan’s lunch—Zuckerberg reportedly has long had ambitions of Facebook getting into banking. Libra appears to be the manifestation of those ambitions, but whether it will catch on with mainstream consumers is far from a given—even with 2.4 billion global users. — Daniel Roberts covers bitcoin and blockchain at Yahoo Finance. Follow him on Twitter at @ readDanwrite . Read more: Facebook's Libra coin aims to 'put the currency back in cryptocurrency' Facebook’s cryptocurrency wallet Calibra will launch in 2020 JPMorgan blockchain chief: Why we launched our own cryptocurrency Cryptocurrency CEO who paid $4.6M for lunch with Buffett: 'It might be unrealistic' Exclusive: SEC quietly widens its crackdown on ICOs Read the latest financial and business news from Yahoo Finance Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , YouTube , and reddit . |
Planet Fitness Strategic Efforts Bode Well: Should You Hold?
Shares ofPlanet Fitness, Inc.PLNT have gained 36.2% in the past six months, outperforming the industry’s 7.7% increase. Robust same-store sales growth, higher average royalty rate and international expansion bode well for the company. However, high debt remains a concern. Let’s delve deeper.Growth DriversPlanet Fitness’ low-cost gym franchise is the key growth driver to its above-average customer growth and subsequently, share price. Although the company’s nature of the business is traditional/generic, the strategy to attract customers with a $10-a-month membership fee and no-frills atmosphere has helped it gain a significant share in the existing market and expand market size. The low-cost model has also helped it to tap into the market that is enthusiastic enough to join a cheaper second gym. Despite a lower-than-peer membership fee, higher demand and lower costs have helped the company generate above-average profits.In an effort to expand its presence, Planet Fitness has been focusing on strategic partnerships and international expansions. Recently, it announced a partnership with Kohl’s. Per the terms of the agreement, Planet Fitness can open stores adjacent to select Kohl’s stores. In 2019, Planet Fitness intends to open up to 10 stores, adjacent to select Kohl's retail locations across the country. This apart, the company’s existing franchisees signed agreements to open 1,000 more gyms. Planet Fitness expects almost half of these gyms to be opened in the coming three years.Additionally, this Zacks Rank #3 (Hold) company’s same-store sales growth is impressive. During first-quarter 2018, Planet Fitness posted the 41st straight quarter of positive same-store sales. In the first, second, third and fourth quarters of 2018, same-store sales increased 11.1%, 10.2%, 9.7% and 10.1%, respectively. In the first, second, third and fourth quarters of 2017, comps increased a respective 11.1%, 9%, 9.3% and 11.6%. Increase in net member and higher average royalty rate have been driving comparable sales higher. Moreover, increased Black Card pricing bodes well.
HeadwindsPlanet Fitness’ heavy reliance on debt financing remains a concern. As of Mar 31, 2019, cash and cash equivalent totaled $336 million. Total long-term debt, net of current maturities, increased to $1,158.5 million. The company might fail to finance its upcoming projects due to a higher debt burden. Moreover, any downturn in the macroeconomic and credit market conditions may make it difficult for Planet Fitness to pay or refinance its debt moving ahead.As Planet Fitness significantly outperformed the industry in a year’s time, its valuation looks a bit stretched compared with its own range as well as the industry average. Looking at the company’s EV/EBITDA ratio (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization), which is the best multiple for valuing leisure companies as they are highly capital-intensive, investors might not want to pay any premium further. Currently, it has a trailing 12-month EV/EBITDA ratio of 31.28. The stock is relatively overvalued right now compared with its peers as the industry average EV/EBITDA multiple currently stands at 7.16x.Key PicksBetter-ranked stocks worth considering in the same space include SeaWorld Entertainment, Inc. SEAS, The Marcus Corporation MCS and Studio City International Holdings Limited MSC. While SeaWorld Entertainment sports a Zacks Rank #1 (Strong Buy), Marcus and Studio City International carry a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
SeaWorld Entertainment reported better-than-expected earnings in the trailing four quarters, the average being 35.6%.
Marcus reported better-than-expected earnings in the trailing four quarters, the average being 34.7%.
Shares of Studio City International have gained 22.3% in the past six months.
Breakout Biotech Stocks with Triple-Digit Profit Potential
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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 reportMarcus Corporation (The) (MCS) : Free Stock Analysis ReportPlanet Fitness, Inc. (PLNT) : Free Stock Analysis ReportSeaWorld Entertainment, Inc. (SEAS) : Free Stock Analysis ReportSTUDIO CITY IH (MSC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Richard Dreyfuss reveals Bill Murray abuse on the set of ‘What About Bob?’
Richard Dreyfuss (Photo by Brittany Murray/Digital First Media/Long Beach Press-Telegram via Getty Images) Richard Dreyfuss has been revisiting his career with Yahoo Movies, as part of regular video series ‘ Role Recall’ and he’s revealed a pretty shocking story about his time working with Ghostbusters star Bill Murray on the set of ‘ What About Bob ?’ (a 1991 film in which an annoying patient follows his egotistical psychiatrist on holiday). "I didn't talk about it for years,” Dreyfuss says. “Bill just got drunk at dinner. He was an Irish drunken bully, is what he was... He came back from dinner [one night] and I said, 'Read this [script tweak], I think it's really funny.' And he put his face next to me, nose-to-nose. And he screamed at the top of his lungs, 'Everyone hates you! You are tolerated!' “There was no time to react, because he leaned back and he took a modern glass-blown ashtray. He threw it at my face from [only a couple feet away]. And it weighed about three quarters of a pound. And he missed me. He tried to hit me. I got up and left." It’s a surprising story, not least because of Bill Murray’s reputation as being so a laid-back about his career he doesn’t have an agent . Still, his propensity to be difficult on set is something the Groundhog Day actor has talked about in the past. Bill Murray and Richard Dreyfuss in 'What About Bob?' (credit: Buena Vista Pictures) “I remember a friend said to me a while back: ‘You have a reputation.’ And I said: ‘What?’ And he said: ‘Yeah, you have a reputation of being difficult to work with.’ But I only got that reputation from people I didn’t like working with, or people who didn’t know how to work, or what work is. Jim [Jarmusch], Wes [Anderson] and Sofia [Coppola], they know what it is to work, and they understand how you’re supposed to treat people,” Murray told The Guardian . He continued, “People think because they employed you they’re allowed to treat you like a dictator, or whatever the worse word for dictator is. And that’s always been a problem for me. Opening the door for someone behind you is as important as designing a building.” Bill Murray has yet to comment on Dreyfuss’ claims, but we’ll update the story if he makes a statement. View comments |
L3 Technologies Wins Deal to Upgrade Navy Submarine Sensors
L3 Technologies Inc.LLL recently secured a contract to offer depot-level repair, and upgrade and overhaul services for the submarine photonics mast programs. Majority of the task will be executed in Northampton, MA.
Valued at $73 million, the contract was awarded by the Naval Undersea Warfare Center Division Newport, Rhode Island. Work related to the deal is scheduled to be over by June 2025.
What are Photonics Masts?
Photonic masts are sensors on submarines that function like a periscope without requiring a periscope tube, thus freeing design space during construction and limiting risks of water leakage in the event of damage. These opto-mechanical devices have evolved over time to incorporate improved optics, along with the introduction of electrical drives and line-of-sight stabilization.
What’s Favoring L3 Technologies?
The United States is strategically strengthening its naval power by upgrading its submarines due to the rising worldwide geo-political tensions. In this backdrop, the photonics mast market is experiencing increased demand owing to the changing global military scenario. Notably, these components are positively correlated with the dynamics of the submarine market.
With the current U.S. administration in favor of spending significantly on the nation’s naval defense, maritime sensor systems provider like L3 Technologies holds immense growth potential. The latest contract win is an instance of that. We believe the company’s Micreo acquisition in 2016 played a vital role in winning this deal. Micreo is a specialized provider of high-performance microwave, millimeter wave and photonic technology that complemented L3 Technologies’ wide range of sensor products.
Keeping in mind the latest growth trend of the global defense space, the market for global military submarine photonics mast and antenna is expected to witness a CAGR of 6% during the 2017-2021 period (as per Technavio). Considering this, we may expect L3 Technologies to win more such contracts from the Pentagon in the days ahead, which in turn, might boost the company’s profit margin substantially.
Price Movement
In a year’s time, L3 Technologies has gained 29.7% compared with the industry’s 21.7% rise.
Zacks Rank & Key Picks
L3 Technologies currently carries a Zacks Rank #2 (Buy). A few other top-ranked companies in the same sector are Wesco Aircraft Holdings WAIR, Northrop Grumman Corp. NOC and Leidos Holdings LDOS, each carrying a Zacks Rank of 2. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wesco Aircraft’s long-term earnings growth rate is projected at 12%. The Zacks Consensus Estimate for 2019 earnings has moved 3.7% up to 84 cents over 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 climbed 2.26% to $19.42 over the past 60 days.
Leidos Holdings delivered 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 over the past 60 days.
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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 reportWesco Aircraft Holdings, Inc. (WAIR) : Free Stock Analysis ReportLeidos Holdings, Inc. (LDOS) : Free Stock Analysis ReportNorthrop Grumman Corporation (NOC) : Free Stock Analysis ReportL3 Technologies Inc. (LLL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Is TAL Education Group's (NYSE:TAL) Liquidity Good Enough?
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With a market capitalization of US$22b, TAL Education Group (NYSE:TAL) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these big stocks are their strong balance sheet and high liquidity, which means there's plenty of stocks available to the public for trading. These companies are resilient in times of low liquidity and are not as strongly impacted by interest rate hikes as companies with lots of debt. Using the most recent data for TAL, I will determine its financial status based on its solvency and liquidity, and assess whether the stock is a safe investment.
View our latest analysis for TAL Education Group
Over the past year, TAL has reduced its debt from US$236m to US$215m , which includes long-term debt. With this debt payback, TAL currently has US$1.5b remaining in cash and short-term investments to keep the business going. On top of this, TAL has produced US$194m in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 90%, indicating that TAL’s debt is appropriately covered by operating cash.
Looking at TAL’s US$1.2b in current liabilities, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.47x. The current ratio is calculated by dividing current assets by current liabilities. For Consumer Services companies, this ratio is within a sensible range as there's enough of a cash buffer without holding too much capital in low return investments.
A debt-to-equity ratio threshold varies depending on what industry the company operates, since some requires more debt financing than others. Generally, large-cap stocks are considered financially healthy if its ratio is below 40%. With a debt-to-equity ratio of 8.5%, TAL's debt level is relatively low. TAL is not taking on too much debt commitment, which may be constraining for future growth.
TAL’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow. In addition to this, the company exhibits proper management of current assets and upcoming liabilities. This is only a rough assessment of financial health, and I'm sure TAL has company-specific issues impacting its capital structure decisions. I suggest you continue to research TAL Education Group to get a better picture of the stock by looking at:
1. Future Outlook: What are well-informed industry analysts predicting for TAL’s future growth? Take a look at ourfree research report of analyst consensusfor TAL’s outlook.
2. Valuation: What is TAL 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 TAL 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. |
Report: Nexon cancels sale after failing to find a suitable suitor
Mike Futter,Thu, 27 Jun 2019 15:10:00
Nexon seemed on track for a sale worth approximately 15 trillion won ($9 billion USD).
As of yesterday, the sale seems to be off according to areport from The Korea Economic Daily’s Korean Investorspublication. The sale wasfirst announced in January 2019, with potential suitors including EA, Activision, private equity firms (including Bain Capital), and aconsortium including Tencent and Netmarble.
Disney was alsoreportedly considering a bid for Nexon, though the entertainment giant has admitted that its history in game development has been fraught with failure. A move to acquire Nexon would have come just months afterDisney CEO Bob Iger’s candid reflectionon the company’s history with interactive media. Ultimately, Disney opted not to bid, according to the report.
Korean Investors suggests that Nexon ultimately didn’t want to sell to a private equity firm. Netmarble and its consortium failed to convince Nexon CEO Jungju Kim of its ability to secure necessary financing.
GameDaily reached out to Nexon for comment but did not receive a reply by publication.
Had the deal gone through, it would have been the largest merger or acquisition in South Korean history. While the company is likely to stay its current course, Nexon could revisit its decision to sell.
Despite a plan to sell, Nexon isn’t struggling financially. It seems, instead, this was Kim’s exit plan from the game industry. Nexon exceeded its outlook in the first quarter of its current fiscal year, with strong performance fromMapleStory,Dungeon Fighter Online, and its PC offerings in China and Korea (including EA’sFIFA Online 4,which it publishes). Nexon also operatesCounter-Strike Onlinein China.
Had financing been secure, the Netmarble conglomerate (which included Tencent) was likely to have come away with the prize. In our January report, analyst Serkan Toto noted that in Q3 of fiscal 2018, 45% of Nexon’s revenue came from China and only 34% was earned in Korea. That ratio shifted in Q1 of the current fiscal year to 62% from China and 21% from Korea.
In itsfirst quarter earnings report, Nexon set the table for a year of continued growth. The publisher anticipates thatMapleStory, FIFA Online 4,and mobile titles will see Korean revenues increase along with those from other Asian countries and the South American region.
Based on its portfolio and performance, Nexon has a long life ahead. The attempted sale wasn’t an act of desperation, but one based in strategy and the motivations of its primary investor. And given the latter, it won’t be a surprise if the company is back on the market once Tencent, Netmarble, and friends have assurances of funding in place.
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Is Crescent Point Energy Corp. (TSE:CPG) A Financially Sound Company?
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While small-cap stocks, such as Crescent Point Energy Corp. (TSE:CPG) with its market cap of CA$2.5b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. Given that CPG is not presently profitable, it’s vital to evaluate the current state of its operations and pathway to profitability. The following basic checks can help you get a picture of the company's balance sheet strength. However, this is not a comprehensive overview, so I’d encourage you todig deeper yourself into CPG here.
CPG has sustained its debt level by about CA$4.3b over the last 12 months including long-term debt. At this stable level of debt, the current cash and short-term investment levels stands at CA$26m to keep the business going. Moreover, CPG has generated CA$1.7b in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 39%, indicating that CPG’s operating cash is sufficient to cover its debt.
Looking at CPG’s CA$1.0b in current liabilities, it seems that the business arguably has a rather low level of current assets relative its obligations, with the current ratio last standing at 0.59x. The current ratio is the number you get when you divide current assets by current liabilities.
With a debt-to-equity ratio of 63%, CPG can be considered as an above-average leveraged company. This is somewhat unusual for small-caps companies, since lenders are often hesitant to provide attractive interest rates to less-established businesses. Though, since CPG is currently loss-making, there’s a question of sustainability of its current operations. Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.
Although CPG’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet debt obligations which means its debt is being efficiently utilised. However, its low liquidity raises concerns over whether current asset management practices are properly implemented for the small-cap. This is only a rough assessment of financial health, and I'm sure CPG has company-specific issues impacting its capital structure decisions. I suggest you continue to research Crescent Point Energy to get a better picture of the stock by looking at:
1. Future Outlook: What are well-informed industry analysts predicting for CPG’s future growth? Take a look at ourfree research report of analyst consensusfor CPG’s outlook.
2. Valuation: What is CPG 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 CPG 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. |
Greece inks undersea gas deals despite environmental warning
ATHENS, Greece (AP) Financially-struggling Greece signed contracts on Thursday for offshore gas exploration in large tracts of the Mediterranean, despite warnings from environmental groups that the project threatens marine life habitats. The deal will allow a consortium of energy companies Total and ExxonMobil with Greece's Hellenic Petroleum to explore two areas that are together about the size of Switzerland - 40,000 square kilometers (15,000 sq. miles) - south and southwest of the island of Crete. It's the latest and by far biggest in a series of concessions for oil and gas exploration in the west of the country. Fears of confrontation with neighboring Turkey over energy extraction rights have precluded similar deals in the Aegean Sea and east of Crete. Turkey currently has a drilling ship, escorted by warships, in waters where Cyprus has exclusive economic rights, and has threatened to make similar moves further west. Greenpeace and the World Wide Fund for Nature have appealed to Greece's supreme court to block the Crete project. They say prospecting in deep waters off the southern island will threaten endangered whales, dolphins and other marine life, and argue that Greece would do better to invest in renewable energy to help fight global warming. Left-wing Prime Minister Alexis Tsipras hailed Thursday's signing as a boon to the economy and promised "the strictest" environmental safeguards. "Greece is making a determined move to exploit its mineral wealth," Tsipras said at the ceremony in Athens, saying the deal would help an economy battered by a decade-long financial crisis that resulted in three international bailouts the last signed in 2015. "Four years ago this was a country on the brink of bankruptcy," Tsipras said. "Now it aims to attain energy self-sufficiency, or at least to cover part of its requirements." He said the exploration would start next year, last eight years with an option for extension, and should provide "a clear picture" of potential deposits in 2-4 years. Greece stands to receive just 8 million euros from the concessions, but also revenues and taxes from any profits. Story continues WWF Greece marine officer Dimitris Ibrahim told The Associated Press that the signing marked a "dark day" for the country. "For a very small price, a huge area with enormous environmental value is being conceded," he said. "The sea is very deep, therefore any drilling would be very dangerous. ... The slightest accident resulting in pollution in an area so significant for tourism (as Crete) would have vast financial repercussions." The tract of seabed conceded includes a large section of the Hellenic Trench, a deep undersea depression that describes an arc from the northwestern island of Corfu, past Crete to the Turkish coast. It's a vital habitat for the Mediterranean's few hundred endangered sperm whales already threatened by fishing nets, ship strikes and plastic pollution and other species of whales and dolphins. These mammals are particularly sensitive to the underwater noise produced by seismic surveys for fossil fuels, in which sound waves are bounced off the seabed. Sonar used by warships has been shown to have deadly effects on whales, and experts say seismic surveys can do the same. Last month, dozens of leading environmental groups and scientists wrote to Tsipras warning against the concessions, but Ibrahim said they received no answer. He said WWF will exhaust all legal means to fight the project. |
Get the Excalibur electric food dehydrator for 35% off at Amazon
TL;DR:Save your sugar intake and your your wallet with 35% off theExcalibur food dehydratorat Amazon. Regularly $295, it's on sale for just $191.99.
Dried nuts and fruits can be an easy and satisfying snack for anyone looking for a treat filled with flavor without the guilt. But purchasing these foods pre-packaged can get pricey fast. At around $7 a bag, dried fruits including mangoes and banana chips may not be your first choice when you can grab a bag of candy for less.
Today you can save your sugar intake and your wallet with the Excalibur 9-tray electric food dehydrator,on sale at Amazonfor $191.99. It's regularly priced at $295, so that's a savings of 35%.Read more...
More aboutTech,Mashable Shopping,Shopping Amazon,Shopping Solo, andTech |
Axon won’t use facial recognition tech in its police body cameras
Axon, a majorsupplier of police body camerasand software,announcedtoday that it will not include face-matching technology in its body cameras -- at least not yet. The decision follows areportfrom Axon'sindependent AI ethics board, which concluded that face recognition technology is not reliable enough to justify its use in body cameras. According to the report, there is "evidence of unequal and unreliable performance across races, ethnicities, genders and other identity groups."
Axon has not yet deployed facial recognition technology in any of its body cameras, but it has been using the AI to help blur faces in videos before they are released to the public. In a press release, the company said it will continue developing the technology in an ethical manner and will work to de-bias its algorithms.
Earlier this year, another report by the MIT Media Lab found thatAmazon's facial analysis toolsalso have racial and gender biases. And last month,legislation in Californiaproposed banning the use of facial recognition in police-worn cameras. That followed on the heels ofSan Francisco banningcity government (including police) from using facial recognition. While Axon could set a precedent in the law enforcement community, the use of facial recognition by police seems to bemoving forward unimpededin places like Beijing. |
Hibbett (HIBB) Stock Up 32% on Robust Omni-Channel Efforts
Hibbett Sports, Inc.’s HIBB robust omni-channel efforts including store rationalization and e-commerce capabilities are commendable. In addition, the company is benefiting from smooth progress on its internal initiatives, such as improvement of e-commerce penetration and expansion of its loyalty program. Moreover, Hibbett looks well poised for growth on the back of its small market strategy, through which it targets to strenghten foothold across the country.Buoyed by such well-chalked strategies, shares of this athletic-inspired retailer have surged 32.1% year to date, comfortably outperforming the industry’s 20.6% rally. This impressive performance can also be attributed to this Zacks Rank #1 (Strong Buy) company’s robust surprise history. Hibbett delivered second straight positive earnings surprise, with a third consecutive sales beat, when it reported first-quarter fiscal 2020 results. You can seethe complete list of today’s Zacks #1 Rank stocks here.
Let’s Delve DeeperHibbett remains focused on expanding its customer base by connecting with more customers through e-commerce and selective store expansion. The company expects continued growth in its e-commerce business owing to steady improvements in mobile app as well as the “Buy Online, Pick Up in Store” and “Reserve online, pickup in store” capabilities.Additionally, in a bid to enhance its omni-channel initiatives, Hibbett is progressing well with its loyalty program. Notably, consolidated e-commerce sales surged 49.7% and accounted for nearly 8.3% of total sales in the fiscal first quarter.Apart from boosting e-commerce capabilities, Hibbett remains on track with store rationalization and inventory management initiatives to drive the top and bottom lines. In fact, the company focuses on expanding in such markets, which offer increased potential for future growth. It has a target of growing more than 1,500 stores in underserved markets.In first-quarter fiscal 2020, Hibbett introduced three new stores, rebranded two of its flagship stores to City Gear outlets and expanded one high-performing store. However, the company shut down 24 underperforming outlets. Management also accelerated the store closure plan in order to increase the store productivity.Currently, the company remains on track to shut down roughly 95 Hibbett stores in fiscal 2020. In addition, Hibbett expects 80-85 net store closings this fiscal year.These factors have been driving Hibbett’s comparable sales (comps) since the past few quarters. Strength in footwear, and sneaker-connected apparel & accessories are also fueling comps growth. In fact, the footwear business reported comps increase for seven straight quarters now. The metric improved 5.1% in the first quarter of 2020, following a respective rise of 3.8%, 0.1% and 4.1% in the fourth, third and second quarters of fiscal 2019. For fiscal 2020, management anticipates comps to grow in the range of 0.5-2%.Wrapping UpGiven Hibbett’s robust omni-channel endeavors and other strategic factors, we expect the company to maintain the momentum going ahead. Further, it has a long-term expected earnings growth rate of 6.5% and a VGM Score of A.It is also worth mentioning that Hibbett raised its earnings outlook for fiscal 2020, following solid first-quarter results. Adjusted earnings are now envisioned to be $2.00-$2.15 per share, up from $1.77 earned in fiscal 2019.3 Other Key Retail PicksDICK'S Sporting Goods, Inc. DKS delivered an average positive earnings surprise of 16.2% in the last four quarters. The company has a Zacks Rank #2 (Buy).Stitch Fix, Inc. SFIX, which presently carries a Zacks Rank #2, has an impressive long-term earnings growth rate of 22.5%.Build-A-Bear Workshop, Inc. BBW, also a Zacks Rank #2 stock, has an expected long-term earnings growth rate of 9%.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 reportBuild-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis ReportHibbett Sports, Inc. (HIBB) : Free Stock Analysis ReportDICK'S Sporting Goods, Inc. (DKS) : Free Stock Analysis ReportStitch Fix, Inc. (SFIX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Should Taoping Inc.’s (NASDAQ:TAOP) Weak Investment Returns Worry You?
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Today we are going to look at Taoping Inc. (NASDAQ:TAOP) to see whether it might be an attractive investment prospect. In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business.
Firstly, we'll go over how we calculate ROCE. Then we'll compare its ROCE to similar companies. And finally, we'll look at how its current liabilities are impacting its ROCE.
ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Generally speaking a higher ROCE is better. Ultimately, it is a useful but imperfect metric. Renowned investment researcher Michael Mauboussinhas suggestedthat a high ROCE can indicate that 'one dollar invested in the company generates value of more than one dollar'.
The formula for calculating the return on capital employed is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
Or for Taoping:
0.0096 = US$169k ÷ (US$42m - US$24m) (Based on the trailing twelve months to December 2018.)
Therefore,Taoping has an ROCE of 1.0%.
See our latest analysis for Taoping
ROCE is commonly used for comparing the performance of similar businesses. In this analysis, Taoping's ROCE appears meaningfully below the 9.7% average reported by the IT industry. This performance is not ideal, as it suggests the company may not be deploying its capital as effectively as some competitors. Regardless of how Taoping stacks up against its industry, its ROCE in absolute terms is quite low (especially compared to a bank account). There are potentially more appealing investments elsewhere.
Taoping has an ROCE of 1.0%, but it didn't have an ROCE 3 years ago, since it was unprofitable. That suggests the business has returned to profitability. You can see in the image below how Taoping's ROCE compares to its industry. Click to see more on past growth.
Remember that this metric is backwards looking - it shows what has happened in the past, and does not accurately predict the future. ROCE can be deceptive for cyclical businesses, as returns can look incredible in boom times, and terribly low in downturns. ROCE is only a point-in-time measure. You can check if Taoping has cyclical profits by looking at thisfreegraph of past earnings, revenue and cash flow.
Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise. To counter this, investors can check if a company has high current liabilities relative to total assets.
Taoping has total liabilities of US$24m and total assets of US$42m. Therefore its current liabilities are equivalent to approximately 58% of its total assets. This is a fairly high level of current liabilities, boosting Taoping's ROCE.
Unfortunately, its ROCE is also pretty low, so we are cautious about the stock. Of course,you might also be able to find a better stock than Taoping. So you may wish to see thisfreecollection of other companies that have grown earnings strongly.
For those who like to findwinning investmentsthisfreelist of growing companies with recent insider purchasing, could be just the ticket.
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 it Wise to Hold Realty Income Stock in Your Portfolio?
The e-commerce sector has been witnessing overwhelming growth, leading to a decline in mall traffic, with store closures and retailer bankruptcies becoming rampant, affecting retail landlords, including the likes of Tanger Factory Outlet Centers, Inc. SKT, Urban Edge Properties UE and Washington Prime Group Inc. WPG.However,Realty IncomeO has been able to differentiate itself by deriving more than 90% of the company’s annualized retail rental revenues from tenants with a service, non-discretionary, and/or low price point component to their business. Such businesses are less susceptible to economic recessions as well as competition from Internet retailing.Furthermore, accretive acquisitions and solid balance-sheet strength augur well for long-term growth. During the March-end quarter, the company invested $519.5 million in 105 new properties and properties under development or expansion, situated in 25 states. Additionally, management issued the 2019 acquisition guidance in the range of $2-$2.5 billion, backed by strength in the company’s present domestic investment pipeline and international expansion, which is encouraging.Last month, Realty Income announced the closing of the £429-million sale-leaseback transaction with Sainsbury's. Particularly, the move, which marks the company’s first international real estate acquisition, involved gaining of 12 properties in the U.K. under long-term net lease agreements with Sainsbury's. It is a strategic fit as Sainsbury's is one of the top operators in the grocery industry. And with this long-term investment, Realty Income is well poised to capitalize on the solid strength of the real estate fundamentals in the region.Realty Income’s solid underlying real estate quality and prudent underwriting at acquisition has helped the company maintain high occupancy levels consistently. In fact, since 1996, the company’s occupancy level has never been below 96%. Additionally, as of Mar 31, 2019, portfolio occupancy was 98.3%. Management expects occupancy to be approximately 98% this year. Additionally, its same-store rent growth displayed limited operational volatility.Further, solid dividend payouts are arguably the biggest enticement for REIT shareholders, and Realty Income remains committed to that. In May, the company announced a hike in the common stock monthly cash dividend, denoting the 102nd dividend increase since its NYSE listing in 1994. Notably, the company enjoys a trademark on the phrase “The Monthly Dividend Company” and to date, it has announced 588 consecutive common stock monthly dividends throughout its 50-year operating history. In fact, this retail REIT has generated a compound average annual dividend growth of around 4.6% since its listing on the NYSE.However, despite Realty Income’s effort to diversify the tenant base, its tenants in the convenience stores and drug stores industry accounted for around 12.2% and 9.8% of the company’s rental revenues for the quarter ended Mar 31, 2019. This makes the company’s results susceptible to any adverse changes in these industries. Moreover, the choppy environment and tenant credit issues remain concerns for the retail real estate industry.In addition, Realty Income has a substantial exposure to single tenant assets. In fact, of the company’s 5,876 properties in the portfolio, as of Mar 31, 2019, 5,847, or 99.5%, are single-tenant properties and the remaining are multi-tenant assets. Nonetheless, single-tenant leases involve specific and significant risks associated with tenant default. Thus, in case of financial failure of, or default in payment by, a single tenant, the company’s rental revenues from that property as well as the value of the property suffer significantly.Realty Income currently carries a Zacks Rank #3 (Hold).You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In a year’s time, shares of the company have outperformed the industry. While the stock has appreciated 26.2%, the industry has inched up 0.3% during this period.
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 reportRealty Income Corporation (O) : Free Stock Analysis ReportTanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis ReportWashington Prime Group Inc. (WPG) : Free Stock Analysis ReportUrban Edge Properties (UE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Nokia's New Massive MIMO Solution Chosen by China Mobile
Recently,Nokia CorporationNOK announced that China Mobile Communications Corporation (CMCC) will deploy its new AirScale mMIMO Adaptive Antenna (MAA). The Finnish telecom equipment provider’s state-of-the-art solution has been formulated particularly for the massive bandwidth and coverage requirements of the Chinese market as it shifts to 5G technology.Nokia continues to execute its strategy with particularly good progress in Nokia Software and expansion to select enterprise vertical markets. Currently, it has 43 commercial 5G deals with operators worldwide and is involved in more than 100 5G-related customer engagements. The company’s MAA facilitates CMCC to more efficiently allocate network resources between 4G and 5G users, while addressing the demand for high-bandwidth 5G use cases.Markedly, the MAA uses 64 transmit and 64 receive antenna elements which jointly delivers a total of 320W output power. Nokia collaborated with CMCC to build the latest version of the MAA which at 320W is at least 80W greater than the nearest MAA available on the market.Nokia is well positioned for the ongoing technology cycle given the strength of its end-to-end portfolio. The company’s deal win rate is encouraging with notable successes in the key 5G markets of the United States and China. Its 5G revenues are anticipated to grow sharply, particularly in the second half of 2019, driven by its commercial deal wins to date.Its installed base of high-capacity AirScale product, which enables customers to quickly upgrade to 5G, is growing fast. The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them.Leveraging cutting-edge technology, Nokia is transforming the way people and things communicate and connect with each other. These include seamless transition to 5G technology, ultra broadband access, IP and Software Defined Networking, cloud applications, and Internet of Things.In addition, the company is expanding business into targeted, high-growth and high-margin vertical markets to address opportunities beyond its traditional markets. The ramp up of next-generation 5G networks is expected to improve market conditions considerably through 2019 and beyond.Shares of Nokia have lost 13.7% against the industry’s rise of 20% in the year-to-date period due to increased competitive pressure. Nevertheless, the company is witnessing healthy underlying momentum in its focus areas of software and enterprise, which bodes well for its licensing business.
It remains to be seen whether coveted solution offerings to industry frontrunners can help the company post a turnaround in the coming days.Nokia currently has a Zacks Rank #4 (Sell). Better-ranked stocks in the industry include Harris Corp. HRS, Motorola Solutions, Inc. MSI and Ubiquiti Networks, Inc. UBNT, each carrying a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Harris has long-term earnings growth expectation of 8%.Motorola has long-term earnings growth expectation of 7.7%.Ubiquiti has long-term earnings growth expectation of 19.8%.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 reportHarris Corporation (HRS) : Free Stock Analysis ReportMotorola Solutions, Inc. (MSI) : Free Stock Analysis ReportUbiquiti Networks, Inc. (UBNT) : Free Stock Analysis ReportNokia Corporation (NOK) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
The Most Popular Late-Night Food, According to Grubhub, Is Definitely a Shocker
Click here to read the full article. As if we needed further proof that veganism has firmly planted its feet onto the ground and has no intention of leaving this year, Grubhub’s State of the Plate report confirms it. According to the report, not only were cauliflower bites one of the top food trends this past spring, but the No. 1 order for late-night munchies? The Impossible Burger. Related stories John Legend Reveals What Cooking with Chrissy Teigen Is Like & It's Not at All What We Expected The Boozy Drinks You'll Be Slurping All Summer, According to Whole Foods Starbucks' New Summer Drinks Are a Feast for Our Eyes & Our Tastebuds View this post on Instagram Would you like a bite? #impossibleburger #impossible #impossiblefoods #plantbasedburger #plantbasedburgers #veganburger #vegan #veganfood A post shared by The Impossible Burger (@theimpossibleburger) on Feb 27, 2018 at 10:55am PST Released yesterday, the State of the Plate report details the top dining trends, so far, this year based on data from more than half a million orders placed on Grubhub. While it’s no surprise that plant-based options are on the rise, Grubhub has seen a 25 percent increase in delivery of vegan -friendly foods, too. Orders for the Impossible Burger , specifically, rose overall by a staggering 82 percent. In the Midwest, though, that number is even higher: the popularity of the Impossible Burger rose 326 percent! Some of the cities that ordered the most vegan foods so far this year came as no surprise, though, like Los Angeles, Brooklyn, Portland and San Diego, while others we were pleasantly surprised by, like Las Vegas, Rochester, Philadelphia and Detroit. When breaking it down by region, the northeast is all about the harvest bowl, with a 340 percent spike in orders over the past six months. In the south, shrimp linguini alfredo reigned supreme with a 273 percent increase in orders. While in the west, well, they’re all about glazed baby back ribs, which saw a 412 percent increase. The Impossible Burger came in at No. 3 in the west, though, with a 194 percent increase in orders. Story continues But let’s circle back on the most popular late-night orders. The Impossible Burger aside, steak quesadillas were nearly as popular, seeing a 447 percent increase in orders (the Impossible Burger was 529 percent more popular), while mashed potatoes and gravy (really?) was 325 percent more popular. The State of the Plate report goes on to reveal the most popular breakfast order (chicken and waffles), the No. 1 dessert (hi, brownie sundaes) and their forecasted trends for the rest of the year. Take a look at the full report on Grubhub’s website . Sign up for SheKnows' Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . |
UPDATE 4-Accident at Glencore mine kills at least 41 in Congo
(Updates death toll, adds copper and cobalt production figures)
By Stanis Bujakera and Aaron Ross
KINSHASA, June 27 (Reuters) - At least 41 artisanal miners were killed on Thursday when part of a copper and cobalt mine owned by Glencore collapsed in southeast Congo, the provincial governor said.
The accident occurred in the KOV open-pit mine at the Kamoto Copper Company (KCC) concession, in which Glencore subsidiary Katanga Mining owns a 75% stake, said Richard Muyej, the governor of Democratic Republic of Congo's Lualaba province.
"It was caused by the clandestine artisanal diggers who have infiltrated (the mine)," he told Reuters. "The old terraces gave way, causing significant amounts of material to fall."
"KOV is a delicate site and presents many risks," he added.
Glencore said in a statement that it had confirmed 19 fatalities so far and was assisting search and rescue operations by local authorities.
Artisanal mining on the edge of commercial mine sites is a big problem across Africa. The rudimentary, outdated and unregulated practices miners employ can often compromise safety: mine disasters in Congo alone cost the lives of dozens a year.
Thousands of illegal miners operate in southern Congo, which produces more than half of the world's cobalt, a key component in electric car batteries.
Glencore said an average of 2,000 illegal miners sneak daily onto the KCC concession, which spans a vast flat expanse on the outskirts of the city of Kolwezi near the Zambian border and is one of the country's largest copper deposits.
Delphin Monga, provincial secretary of the UCDT union which represents KCC employees, said a crack in part of the pit had been noticed on Wednesday. He said KCC had put up red warning signs, but the diggers had ignored them.
This is not the first accident at the mine. In 2016, a 250-metre wall inside the KOV pit collapsed, killing seven mine employees.
Muyej said that the authorities were meeting to decide on new measures to secure large mines.
At least nine illegal gold miners died in Zimbabwe when they were trapped in a mine last month.
Twenty-two died in a previous Zimbabwean gold-mine flood in February, and 14 tin miners were buried alive in Rwanda after heavy rains in January.
In February, about 20 people died when a truck carrying acid to Glencore's Mutanda Mine in DRC collided with two other vehicles.
Congo's military deployed hundreds of soldiers last week to protect a copper and cobalt mine owned by China Molybdenum Co Ltd from illegal miners.
Shares in Glencore closed down 4.9%, their worst day of trading since December. The company said the incident has not affected output.
BMO Capital Markets analyst Edward Sterck said if the incident is related to illegal mining, any impact may be relatively short-term beyond an investigative period.
"However, preventative action will likely be needed and it could impact Glencore's social licence to operate," he added.
KCC produced a total of 152,400 tonnes of copper and 11,100 tonnes of cobalt last year. Glencore's nearby Mutanda project produced 199,000 tonnes of copper and 27,300 tonnes of cobalt. (Reporting By Stanis Bujakera in Kinshasa and Aaron Ross in Dakar; Additional reporting by Zandi Shabalala in London; Editing by Edward McAllister and Elaine Hardcastle) |
Conagra (CAG) Misses on Q4 Earnings & Sales, Stock Down
Conagra Brands, Inc.CAG released fourth-quarter fiscal 2019 results, with earnings and sales missing the Zacks Consensus Estimate. Results were hurt by business divestitures as well as high input costs and other expenses. These downsides were more than enough to dampen investors’ sentiments on the stock. Shares of the company fell nearly 6% in the pre-market trading session on Jun 27.However, the top line improved year on year on the back of gains from the inclusion of Pinnacle Foods. Let’s take a closer look at the quarterly outcome.Earnings & SalesConagra’s quarterly adjusted earnings fell 28% year over year to 36 cents. The figure missed the Zacks Consensus Estimate of 42 cents. The year-over-year decline was caused by higher outstanding share count as well as reduced operating profit in Legacy Conagra, loss of profits from divestitures, higher interest expenses and low earnings in the Ardent Mills joint venture. These downsides were somewhat mitigated by operating profit gains from Pinnacle Foods and decline in adjusted effective tax rate.
Conagra generated net sales of $2,613.2 million, which advanced 32.9% year over year but missed the Zacks Consensus Estimate of $2,652 million. Sales were driven by contributions from Pinnacle Foods buyouts. However, divestitures of Trenton production facility, Canadian Del Monte business and Wesson oil business weighed on sales growth. Additionally, foreign currency hurt sales by 0.3%.Organic sales (excluding Trenton) declined 0.7%, mainly due to elasticity-driven volume contraction that had offset improved price/mix.
Conagra Brands Inc. Price, Consensus and EPS Surprise
Conagra Brands Inc. price-consensus-eps-surprise-chart | Conagra Brands Inc. Quote
Gross MarginAdjusted gross profit increased 23.7% to $709 million, backed by Pinnacle Foods’ inclusion. In Legacy Conagra, gross profit declined due to input cost inflation, reduced profits stemming from divestiture of Wesson oil business and lower organic sales.Adjusted gross margin contracted to 27.1%, down almost 210 basis points (bps). The buyout of Pinnacle Foods was dilutive to gross margin by almost 110 bps.Segmental DetailsGrocery & Snacks:Quarterly sales in the segment came in at $746 million, which declined 7.1% year over year due to the divestiture of the Wesson oil business. Organic sales fell 2.5% with volumes down 1.1%. Performance in the segment was adversely impacted by changes in merchandising, declines associated with elasticity and other production challenges.Refrigerated & Frozen:Net sales declined 0.6% to $687 million. The category was affected by lower merchandising support for Marie Callender's, product recall, brand investments and persistent decline in refrigerated business. Further, volumes in the unit fell 1.5%.International:Net sales dropped 7.4% to $193 million due to the divestiture of Canadian Del Monte and Wesson oil businesses as well as adverse currency movements. On an organic basis, net sales improved 5.6%. Volumes in the category increased 5.2% volume decline.Foodservice:Quarterly sales in the segment fell 12.6% year over year to $231 million, primarily due to the sale of Wesson oil business and Trenton facility. Organic sales (excluding Trenton) declined 0.6% in the reported quarter and volumes fell 5.9%.Pinnacle:Sales in this segment amounted to $757 million. Consumption trends in the unit continued to decline due to the implementation of value-over-volume strategy. However, improvements were witnessed in in-market base velocities.Other Financial FundamentalsConagra exited the quarter with cash and cash equivalents of $236.6 million, senior long-term debt (excluding current portion) of $10,459.8 million and total stockholders’ equity of $7,463.7 million. In fiscal 2019, the company generated net cash of $1,125.5 million from operating activities.During the quarter, Conagra paid quarterly dividend per share of 21.25 cents. The company paid dividends worth $356.2 million in the fiscal.Business DevelopmentThe company concluded the sale of Wesson oil business on Feb 25, 2019. At the end of fiscal 2019, the company completed the sale of Gelit, which generated net sales of $57 million during the fiscal. The same was included in the Refrigerated & Frozen segment. Post the fourth quarter, net proceeds from the sale was used to pay off debt.
GuidanceConagra issued view for fiscal 2020, wherein organic sales are expected to increase roughly 1-1.5%. On a reported basis, net sales are expected to rise in the band of 13.5-14%. Further, management projects adjusted operating margin in the range of 16.2-16.8%.The company continues to expect adjusted effective tax rate in the range of 24-25%. Adjusted earnings for the fiscal year is anticipated to be $2.08-$2.18 per share, after considering the loss of profit of nearly 2 cents stemming from the sale of Gelit.Additionally, the company updated the long-term view for fiscal 2022. Organic sales for the fiscal is expected to grow (at 3-year CAGR) nearly 1-2%. Adjusted operating margin is expected to rise in the band of 18-19%. Further, adjusted earnings are expected in the range of $2.68-$2.78, after considering Gelit’s divestiture.Conagra currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 6.7% in the past three months compared with the industry’s rise of 0.9%.Looking For More Consumer Staples Stocks? Check TheseCampbell Soup Company CPB, with long-term earnings growth rate of 5%, carries a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Chefs' Warehouse CHEF, with a Zacks Rank #2, has long-term earnings growth rate of 15%.General Mills, Inc GIS, with an expected long-term earnings growth rate of 7%, also carries a Zacks Rank #2.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 reportConagra Brands Inc. (CAG) : Free Stock Analysis ReportGeneral Mills, Inc. (GIS) : Free Stock Analysis ReportCampbell Soup Company (CPB) : Free Stock Analysis ReportThe Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
What Kind Of Shareholders Own Correvio Pharma Corp. (TSE:CORV)?
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Every investor in Correvio Pharma Corp. (TSE:CORV) should be aware of the most powerful shareholder groups. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that used to be publicly owned tend to have lower insider ownership.
Correvio Pharma is not a large company by global standards. It has a market capitalization of CA$120m, which means it wouldn't have the attention 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. Let's take a closer look to see what the different types of shareholder can tell us about CORV.
View our latest analysis for Correvio Pharma
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
Correvio Pharma already has institutions on the share registry. Indeed, they own 35% of the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. 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 Correvio Pharma's earnings history, below. Of course, the future is what really matters.
It looks like hedge funds own 11% of Correvio Pharma shares. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
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.
I can report that insiders do own shares in Correvio Pharma Corp.. As individuals, the insiders collectively own CA$3.6m worth of the CA$120m company. Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. But it might be worth checkingif those insiders have been selling.
The general public -- mostly retail investors -- own 51% of Correvio Pharma . This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.
It's always worth thinking about the different groups who own shares in a company. But to understand Correvio Pharma better, we need to consider many other factors.
I like to dive deeperinto how a company has performed in the past. You can accessthisinteractive graphof past earnings, revenue and cash flow, for free.
But ultimatelyit is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look atthis free report showing whether analysts are predicting a brighter future.
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. |
McCormick Deals With a Long Winter
Everyone likes a little spice in their lives, andMcCormick(NYSE: MKC)specializes in helping everyday consumers and industrial businesses add flavor to their foods with a wide variety of spice products. Not only can you find McCormick products in kitchen cabinets around the world, but you'll also discover that the spice giant plays a key role at many restaurants and institutional food service providers.
Coming into Thursday's fiscal second-quarter financial report,McCormick investors wantedto see bottom-line growth even though they foresaw some challenges on the sales front. McCormick didn't live up to everyone's expectations, due in part to weather conditions that weren't optimal for some of its key products. Yet the company remains optimistic that it can keep growing into the future.
Image source: McCormick.
McCormick's fiscal second-quarter results showed both strengths and weaknesses. Revenue of $1.30 billion was flat from year-ago levels, but it was just slightly less than the $1.31 billion figure that most of those following the stock were looking to see. Adjusted net income was higher by 14% to $154.8 million, and the resulting adjusted earnings of $1.26 per share topped theconsensus forecast among investorsby $0.18 per share.
Currency impacts once again hurt McCormick's results, costing it what would have been a 3% rise in revenue on a neutral-currency basis. The flavor solutions segment had slightly better performance, posting a 1% rise even including the 3 percentage point hit from foreign exchange. McCormick said that new products, greater volume, and a more favorable product mix helped lift segment results, especially in Europe. Increased sales to quick-service restaurants were particularly important in driving the segment higher.
Meanwhile, the consumer segment suffered a 1% sales decline, but the spice maker said that all three of its regions saw growth once you take foreign exchange impacts out of the equation. Higher volumes of products like Zatarain's frozen foods, Frank's RedHot sauces, and branded extracts and Hispanic products helped overcome the negative impact on spices and seasonings that resulted from a delayed beginning to the grilling season.
CEO Lawrence Kurzius praised the company for its ability to capitalize on a big opportunity. "McCormick is a global leader in flavor," Kurzius said, "with a broad and advantaged global portfolio which continues to grow and position us to fully meet the demand for flavor around the world." The CEO noted the company's fundamental strength in driving profits higher despite mixed economic conditions across the globe.
McCormick's also enthusiastic about its future. In Kurzius' words, "As we enter the second and most significant half of our year, we are confident the initiatives we have under way in 2019 position us to continue on our growth trajectory."
Indeed some of that optimism showed up in McCormick's updated guidance for the full fiscal year. The spice maker still believes that sales growth will be modest at just 1% to 3% in 2019, as adverse currency impacts aren't showing any signs of slowing soon. However, McCormick gave a $0.03 per share boost to its adjusted earnings expectations for fiscal 2019, resulting in a new range of $5.20 to $5.30 per share. Strong cash flow should let McCormick pay down debt while continuing to meet its obligations to shareholders through dividend payments.
McCormick investors weren't entirely pleased with the report, especially given the pressure on sales, and the stock was down slightly on Thursday morning following the announcement. Yet even with revenue growth temporarily facing headwinds, McCormick still seems convinced that it's following the right strategic path to spice things up for shareholders both now and for years to come.
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Dan Caplingerhas no position in any of the stocks mentioned. The Motley Fool recommends McCormick. The Motley Fool has adisclosure policy. |
Dark Data: Innovative Companies and Knowledge Workers Are Diving Into the Abyss
SplunkSPLK is the $18 billion data mining and modeling engine for 92 companies in the Fortune 100, and numerous other top brands including Adobe, Blackrock, Cerner, Micron, and Zillow.
As I described earlier this month in Big Data Chaos: How Alteryx Creates Raving Fans, "There's a new gold rush going on inside of companies as they either mine their data, or get permanently disrupted."
The data flood from multiple sources across enterprise systems, devices, and customer interactions creates multiple challenges for companies since much of it is unstructured machine data recorded in the log files of servers--what can they use, where do they find it, and how should they organize it?
Terabyte Torrent
Yesterday I found a study sponsored by Splunk which labeled this new deluge of bits and bytes as "dark data." CEO Doug Merritt and his team put together an extensive survey late last year and sent it to thousands of business and IT leaders in seven countries.
Titled “THE STATE OF DARK DATA: Industry Leaders Reveal the Gap Between AI’s Potential and Today’s Data Reality,” the research was conducted by TRUE Global Intelligence and they received back over 1350 responses with over500 from the US and 100-150 each from Germany, China, Japan, Australia, France and the UK.
Among the stand out findings was that 55% of an organization’s data is "dark" --unquantified, untapped and in many cases, unknown. Here was part of their introduction to the study...
We live in a data-saturated world. Billions of interconnected devices communicate with countless cloud services. We accumulate data from server log files, GPS networks, security tools, call records, web traffic and more. Every digital transaction, from backend handoffs to the customer’s fingertips, is catalogued. Everything from the contents of a warehouse’s shelves to the temperature of our server rooms to the time and location of every login to our secure networks is recorded and stored … somewhere. Most of it, today, is unstructured, untagged, untapped. In a word, useless.
In the video that accompanies this article, I share some slides from the Splunk presentation deck. The study is organized around three major themes...
THE FUTURE OF DATA
AI: THE NEXT FRONTIER
THE FUTURE OF JOBS
What I found especially interesting as an investor in both Splunk and Alteryx was their explanation of the vital necessity of AI and machine learning models to handle the workload of the data deluge. After building the right data models, automation of the data mining processes can then run 24/7 and create more usable information and insights, faster.
Also, the worker training aspect is equally vital for companies and universities to discuss. While Splunk and Alteryx provide data platforms and tools that allow "citizen data scientists" (how Gartner describes designers and users of data models without formal engineering, programming or statistical training) to engage with their "dark data," the bar is still being raised across industries for knowledge workers to have more analytical skills.
Some of the study findings showed high awareness and value placed on the new data battlefield...
76% of respondents agree that data experts in their organizations are becomingthe new business strategists.
85% believe that data skills will continue to become more important for workers in all roles, not just IT.
83% agree that workers who continue to rely on others to explain what data means will fall behind in their careers.
81% agree that becoming a senior leader in their organization requires being data literate.
84% think that being a decision maker in their organization will require strong data skills.
One survey respondent is quoted thus...
“Simply having data isn’t enough. Workers need to have the business analytics skills to use the data in such a way that it leads to profitable action. Business analytics training needs to be mandatory for all personnel in decision-making positions.”
But there were also levels of complacency (or fear) among workers that shouldn't surprise us...
More than half of U.S. and Chinese respondents said employees with both technical data skills and business acumen will be most in demand over the next decade, but they predict these same employees will also be the most difficult to hire.
69% are content to keep doing what they’re doing, even if it means they don’t get promoted again.
73% say that data skills are harder for them than business skills.
53% of respondents say they feel too old tolearn new data skills.
Data Engines for Mining & Modeling: Powertools for the Gold Rush
After I bought shares ofAlteryxAYX in May, two very interesting M&A deals in the data space occurred. Here's what I wrote on June 12...
Last Thursday I chose Alteryx, the $6 billion "self-service" data analytics platform, as my target for a Zacks Bull of the Day feature to be published the next day. And I wasn't even aware that the $2.6 billion acquisition of Looker by Google Cloud that morning was the spark about to ignite my AYX shares 20% in a matter of days.
The next day, Friday June 7, Goldman Sachs initiated coverage of AYX with a Buy rating and $110 price target.
By the weekend, as I caught up with the implications of the Looker story, here were the notes I gave my TAZR Trader members on how M&A fever could heat up for other analytics "picks and shovels"...
After Google bought a private business intelligence (BI)/data analytics platform called Looker for $2.6 billion, or ~15X sales, the analyst team at D.A. Davidson put together a good summary of the deal and highlighted AYX as a clear potential target.
The D.A. Davidson team, led by analyst Rishi N. Jaluria, has followed the Looker story closely for the past few years and has been impressed with the business, with a $100M run-rate and 70% year-over-year growth. Strategically the acquisition makes sense, especially given the integration between Google BigQuery, the company's cloud data warehouse, and Looker, and they have long expected Google Cloud Platform (GCP) to turn acquisitive under new CEO Thomas Kurian.
While GCP has impressive technology, it has seen limited enterprise traction, especially relative to AWS and Azure, and Jaluria viewed M&A as an important part of GCP's strategy going forward. They also believe the acquisition may signal increased M&A appetite by the hyperscale cloud vendors (AWS, Azure, GCP) to buy more software companies.
The D.A. Davidson analysts also expect targets for cloud vendors to be more at the infrastructure, data, API, and analytics layers, as opposed to pure application vendors. Within their coverage universe, they view AYX and New Relic as the most likely M&A candidates, with MongoDB and OKTA representing a "wish list" that may be less likely because of their high valuations. In addition, they continue to see an outside chance that AWS or Microsoft attempt to buy WDAY again.
Salesforce.com Throws Down vs. Google and Microsoft
Then on Monday June 10,Salesforce.comCRM announced their deal to buyTableauDATA for $15.3 billion. And over those three trading sessions from Thursday June 6 through Monday, AYX shares vaulted from $87 to $106.
Tableau is a BI and visualization platform for that can harnessstructured datafrom spreadsheets. It can’t do the deep mining of unstructured log files in the abyss of a company’s dark data.
Something else exciting in the data world happened that Monday: Alteryx started their annual user conference in Music City. One of the more exciting presentations was delivered by their SVP of Product Ashley Kramer, who came from Tableau.
In the 49-slide deck the team used, hers were the most interesting and thought-provokingas she explained the challenges of finding, prepping, cleaning, and blending unstructured data. I was especially rocked by this stat:50% of data science models never get deployedas knowledge workers across company departments don’t have a common platform to collaborate and share ideas, insights, and use cases.My Big Data Chaos video shows some of her slides.
Splunk and Alteryx arethepremier data engines that modern corporations have found they can't exist without to harness their "dark chaos."
I'm just waiting to see who will buy one of them first. My bet is thatMicrosoftMSFT is either already building their own platform internally, or they will pay up to acquire SPLK or AYX.
Disclosure: I own shares of SPLK and AYX for the Zacks TAZR Trader portfolio.
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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 reportSplunk Inc. (SPLK) : Free Stock Analysis ReportTableau Software, Inc. (DATA) : Free Stock Analysis ReportMicrosoft Corporation (MSFT) : Free Stock Analysis Reportsalesforce.com, inc. (CRM) : Free Stock Analysis ReportAlteryx, Inc. (AYX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Hedge Funds Have Never Been This Bullish On Envestnet Inc (ENV)
Is Envestnet Inc (NYSE:ENV) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
Envestnet Inc (NYSE:ENV)was in 17 hedge funds' portfolios at the end of the first quarter of 2019. ENV shareholders have witnessed an increase in support from the world's most elite money managers in recent months. There were 12 hedge funds in our database with ENV holdings at the end of the previous quarter. Our calculations also showed that ENV isn't among the30 most popular stocks among hedge funds.
To most market participants, hedge funds are seen as unimportant, old financial vehicles of years past. While there are over 8000 funds with their doors open at the moment, Our researchers hone in on the elite of this club, around 750 funds. Most estimates calculate that this group of people administer the lion's share of the hedge fund industry's total capital, and by watching their first-class investments, Insider Monkey has uncovered numerous investment strategies that have historically outpaced the market. Insider Monkey's flagship hedge fund strategy outperformed the S&P 500 index by around 5 percentage points annually since its inception in May 2014 through June 18th. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 28.2% since February 2017 (through June 18th) even though the market was up nearly 30% during the same period. We just shared a list of 5 short targets in ourlatest quarterly updateand they are already down an average of 8.2% in a month whereas our long picks outperformed the market by 2.5 percentage points in this volatile 5 week period (our long picks also beat the market by 15 percentage points so far this year).
Let's check out the recent hedge fund action encompassing Envestnet Inc (NYSE:ENV).
At Q1's end, a total of 17 of the hedge funds tracked by Insider Monkey were long this stock, a change of 42% from the fourth quarter of 2018. The graph below displays the number of hedge funds with bullish position in ENV over the last 15 quarters. With the smart money's sentiment swirling, there exists a select group of notable hedge fund managers who were adding to their holdings significantly (or already accumulated large positions).
According to Insider Monkey's hedge fund database,Select Equity Group, managed by Robert Joseph Caruso, holds the most valuable position in Envestnet Inc (NYSE:ENV). Select Equity Group has a $48.2 million position in the stock, comprising 0.3% of its 13F portfolio. On Select Equity Group's heels isEcho Street Capital Management, led by Greg Poole, holding a $24.6 million position; 0.5% of its 13F portfolio is allocated to the company. Remaining members of the smart money that hold long positions contain David Atterbury'sWhetstone Capital Advisors, Ian Simm'sImpax Asset Managementand Noam Gottesman'sGLG Partners.
As one would reasonably expect, key money managers were leading the bulls' herd.Renaissance Technologies, managed by Jim Simons, initiated the most valuable position in Envestnet Inc (NYSE:ENV). Renaissance Technologies had $2.4 million invested in the company at the end of the quarter. Brandon Haley'sHolocene Advisorsalso made a $0.6 million investment in the stock during the quarter. The other funds with brand new ENV positions are Bruce Kovner'sCaxton Associates LP, Guy Shahar'sDSAM Partners, and Paul Marshall and Ian Wace'sMarshall Wace LLP.
Let's check out hedge fund activity in other stocks similar to Envestnet Inc (NYSE:ENV). These stocks are UMB Financial Corporation (NASDAQ:UMBF), Energizer Holdings, Inc. (NYSE:ENR), Urban Outfitters, Inc. (NASDAQ:URBN), and Five9 Inc (NASDAQ:FIVN). All of these stocks' market caps match ENV's market cap.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position UMBF,9,49060,-2 ENR,24,254116,3 URBN,25,415387,-3 FIVN,25,524383,-3 Average,20.75,310737,-1.25 [/table]
View table hereif you experience formatting issues.
As you can see these stocks had an average of 20.75 hedge funds with bullish positions and the average amount invested in these stocks was $311 million. That figure was $104 million in ENV's case. Urban Outfitters, Inc. (NASDAQ:URBN) is the most popular stock in this table. On the other hand UMB Financial Corporation (NASDAQ:UMBF) is the least popular one with only 9 bullish hedge fund positions. Envestnet Inc (NYSE:ENV) is not the least popular stock in this group but hedge fund interest is still below average. Our calculations showed thattop 20 most popular stocksamong hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. A small number of hedge funds were also right about betting on ENV as the stock returned 7% during the same time frame and outperformed the market by an even larger margin.
Disclosure: None. This article was originally published atInsider Monkey.
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Hedge Funds Have Never Been This Bullish On Peapack-Gladstone Financial Corp (PGC)
Is Peapack-Gladstone Financial Corp (NASDAQ:PGC) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.
Peapack-Gladstone Financial Corp (NASDAQ:PGC)shareholders have witnessed an increase in activity from the world's largest hedge funds of late.PGCwas in 16 hedge funds' portfolios at the end of March. There were 15 hedge funds in our database with PGC positions at the end of the previous quarter. Our calculations also showed that pgc isn't among the30 most popular stocks among hedge funds.
Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the market by 40 percentage points since May 2014 through May 30, 2019 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that'll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 30.9% through May 30, 2019. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.
Let's take a look at the recent hedge fund action regarding Peapack-Gladstone Financial Corp (NASDAQ:PGC).
At Q1's end, a total of 16 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 7% from the previous quarter. By comparison, 15 hedge funds held shares or bullish call options in PGC a year ago. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Matthew Lindenbaum'sBasswood Capitalhas the most valuable position in Peapack-Gladstone Financial Corp (NASDAQ:PGC), worth close to $18.5 million, accounting for 1.2% of its total 13F portfolio. On Basswood Capital's heels isEndicott Management, led by Robert I. Usdan and Wayne K. Goldstein, holding a $13.1 million position; 12.8% of its 13F portfolio is allocated to the stock. Remaining peers that are bullish comprise Chuck Royce'sRoyce & Associates, Jim Simons'sRenaissance Technologiesand Anton Schutz'sMendon Capital Advisors.
Now, some big names were breaking ground themselves.Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, established the most outsized position in Peapack-Gladstone Financial Corp (NASDAQ:PGC). Arrowstreet Capital had $1 million invested in the company at the end of the quarter. Ken Griffin'sCitadel Investment Groupalso made a $0.3 million investment in the stock during the quarter. The only other fund with a new position in the stock is Mario Gabelli'sGAMCO Investors.
Let's now take a look at hedge fund activity in other stocks similar to Peapack-Gladstone Financial Corp (NASDAQ:PGC). These stocks are El Pollo LoCo Holdings Inc (NASDAQ:LOCO), Triple-S Management Corp.(NYSE:GTS), REX American Resources Corp (NYSE:REX), and Ichor Holdings, Ltd. (NASDAQ:ICHR). This group of stocks' market caps are similar to PGC's market cap.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position LOCO,16,26986,0 GTS,12,76726,0 REX,6,41966,-1 ICHR,10,54349,3 Average,11,50007,0.5 [/table]
View table hereif you experience formatting issues.
As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $50 million. That figure was $74 million in PGC's case. El Pollo LoCo Holdings Inc (NASDAQ:LOCO) is the most popular stock in this table. On the other hand REX American Resources Corp (NYSE:REX) is the least popular one with only 6 bullish hedge fund positions. Peapack-Gladstone Financial Corp (NASDAQ:PGC) is not the most popular stock in this group but hedge fund interest is still above average. Our calculations showed thattop 20 most popular stocksamong hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. Hedge funds were also right about betting on PGC as the stock returned 7.3% during the same period and outperformed the market by an even larger margin. Hedge funds were rewarded for their relative bullishness.
Disclosure: None. This article was originally published atInsider Monkey.
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The Carrols Restaurant Group (NASDAQ:TAST) Share Price Is Down 41% So Some Shareholders Are Getting Worried
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Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. But if you buy individual stocks, you can do both better or worse than that. That downside risk was realized byCarrols Restaurant Group, Inc.(NASDAQ:TAST) shareholders over the last year, as the share price declined 41%. That's well bellow the market return of 6.9%. However, the longer term returns haven't been so bad, with the stock down 26% in the last three years. Shareholders have had an even rougher run lately, with the share price down 12% in the last 90 days.
Check out our latest analysis for Carrols Restaurant Group
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
During the last year Carrols Restaurant Group saw its earnings per share drop below zero. Some investors no doubt dumped the stock as a result. We hope for shareholders' sake that the company becomes profitable again soon.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. Dive deeper into the earnings by checking this interactive graph of Carrols Restaurant Group'searnings, revenue and cash flow.
Carrols Restaurant Group shareholders are down 41% for the year, but the market itself is up 6.9%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 3.4%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. If you want to research this stock further, the data on insider buying is an obvious place to start. You canclick here to see who has been buying shares - and the price they paid.
There are plenty of other companies that have insiders buying up shares. You probably donotwant to miss thisfreelist of growing companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
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. |
Judge gives U.S. a role in chicken price-fixing civil case amid criminal probe
By Tom Polansek, Barbara Smith and Jonathan Stempel CHICAGO/NEW YORK (Reuters) - A federal judge on Thursday allowed the U.S. government to intervene in long-running litigation in which grocers, retailers and consumers accused Tyson Foods Inc, Pilgrim's Pride Corp and other poultry processors of conspiring to inflate chicken prices. U.S. District Judge Thomas Durkin in Chicago granted the government's intervention request after the Department of Justice said last week it had launched a criminal probe related to price-fixing allegations, which the poultry processors have denied. "The government's now in the case," Durkin said at a hearing. Justice Department lawyers had said intervening would protect the integrity of a grand jury investigation into the matter, and minimize the degree to which the civil litigation brought by customers could interfere with any criminal case. They also said the customers, and obviously the poultry processors, did not adequately represent its interests, including if criminal charges were pursued. The civil litigation began in 2016, when upstate New York food distributor Maplevale Farms and others accused poultry processors of conspiring since as early as 2008 to "fix, raise, maintain, and stabilize" prices for broiler chickens, which account for most chicken meat sold in the United States. According to the plaintiffs, some collusion related from Agri Stats, a service that enabled processors to review rivals' production and pricing data and use that information, which should have been confidential, in their own decision-making. Kraft Heinz Co, Kroger Co, Walmart Inc and food distributor Sysco Corp are among the customers that have been involved in the civil litigation. Two other large processors, Sanderson Farms Inc and Perdue Farms, are among the defendants in that litigation, which has comprised more than three dozen lawsuits. Pilgrim's Pride is owned mostly by Brazilian meat packer JBS SA. Story continues In Thursday's hearing, Durkin also ordered an immediate three-month halt of parts of the customer litigation, including subpoenas and depositions from employees, and said he would need a "very compelling" reason to extend it. The Justice Department had sought a broader six-month stay. Some customers thought that was too long and unfair, though they had no objection to the government's intervention. In late morning trading, Tyson shares were down 0.8%, Pilgrim's Pride was up 1.4% and Sanderson Farms was little changed. The case is In re Broiler Chicken Antitrust Litigation, U.S. District Court, Northern District of Illinois, No. 16-08637. (Reporting by Tom Polansek and Barbara Smith in Chicago and Jonathan Stempel in New York; Editing by Tom Brown and Marguerita Choy) |
Here’s What Hedge Funds Think About Dynavax Technologies Corporation (DVAX)
Is Dynavax Technologies Corporation (NASDAQ:DVAX) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
Dynavax Technologies Corporation (NASDAQ:DVAX)was in 16 hedge funds' portfolios at the end of March. DVAX investors should be aware of a decrease in hedge fund sentiment recently. There were 18 hedge funds in our database with DVAX positions at the end of the previous quarter. Our calculations also showed that dvax isn't among the30 most popular stocks among hedge funds.
So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the market by 40 percentage points since May 2014 through May 30, 2019 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter. Even if you aren't comfortable with shorting stocks, you should at least avoid initiating long positions in our short portfolio.
Let's take a glance at the recent hedge fund action regarding Dynavax Technologies Corporation (NASDAQ:DVAX).
At the end of the first quarter, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -11% from the previous quarter. By comparison, 18 hedge funds held shares or bullish call options in DVAX a year ago. So, let's see which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Among these funds,Rima Senvest Managementheld the most valuable stake in Dynavax Technologies Corporation (NASDAQ:DVAX), which was worth $24 million at the end of the first quarter. On the second spot was D E Shaw which amassed $17 million worth of shares. Moreover, Millennium Management, Brookside Capital, and Citadel Investment Group were also bullish on Dynavax Technologies Corporation (NASDAQ:DVAX), allocating a large percentage of their portfolios to this stock.
Due to the fact that Dynavax Technologies Corporation (NASDAQ:DVAX) has experienced falling interest from hedge fund managers, it's safe to say that there were a few funds that slashed their positions entirely heading into Q3. At the top of the heap, Arthur B Cohen and Joseph Healey'sHealthcor Management LPsaid goodbye to the largest stake of the 700 funds tracked by Insider Monkey, valued at about $38.6 million in stock. Oleg Nodelman's fund,EcoR1 Capital, also dropped its stock, about $1.3 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest was cut by 2 funds heading into Q3.
Let's now review hedge fund activity in other stocks similar to Dynavax Technologies Corporation (NASDAQ:DVAX). These stocks are Bonanza Creek Energy Inc (NYSE:BCEI), CURO Group Holdings Corp. (NYSE:CURO), HighPoint Resources Corporation (NYSE:HPR), and Hometrust Bancshares Inc (NASDAQ:HTBI). This group of stocks' market caps resemble DVAX's market cap.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position BCEI,16,158718,2 CURO,17,85677,7 HPR,14,59728,0 HTBI,12,66553,3 Average,14.75,92669,3 [/table]
View table hereif you experience formatting issues.
As you can see these stocks had an average of 14.75 hedge funds with bullish positions and the average amount invested in these stocks was $93 million. That figure was $85 million in DVAX's case. CURO Group Holdings Corp. (NYSE:CURO) is the most popular stock in this table. On the other hand Hometrust Bancshares Inc (NASDAQ:HTBI) is the least popular one with only 12 bullish hedge fund positions. Dynavax Technologies Corporation (NASDAQ:DVAX) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed thattop 20 most popular stocksamong hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. Unfortunately DVAX wasn't nearly as popular as these 20 stocks and hedge funds that were betting on DVAX were disappointed as the stock returned -45.6% during the same period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out thetop 20 most popular stocksamong hedge funds as 13 of these stocks already outperformed the market so far in Q2.
Disclosure: None. This article was originally published atInsider Monkey.
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What's Up with the 2020 Ford Explorer ST's Innovative "Fake" Exhaust Tips?
Photo credit: Alexander Stoklosa - Car and Driver From Car and Driver The 2020 Ford Explorer ST 's 400-hp V-6 has four real exhaust outlets, but they're not the four chromed tips you can see behind the vehicle. Ford actually routes the exhaust to a set of downward-facing exits that are hidden a few inches upstream of the visible exhaust tips. The Explorer ST gets the best of both worlds: it has a set of convincing-looking pipes, but they won't accumulate soot. Plenty of new cars and trucks have fake exhaust outlets-little chrome bits molded into their rear bumper covers to give the effect of an exhaust tip, when spent gases from the engine are actually piped out someplace else under the vehicle, out of sight. The 2020 Ford Explorer ST, the high-performance version of the all-new Explorer, somehow pulls off having very four very real-looking exhaust tips that also have some neat fakery at work. Here's how: Photo credit: Alexander Stoklosa - Car and Driver Stand next to the new Explorer ST, and, provided you're not Lilliputian, the four exhaust outlets jutting from the SUV's rear bumper look convincing. They're full pipes unlike most manufacturers' fake outlets, which are often little more than oval or round echoes of a pipe's opening that are pasted onto the lower body trim. Photo credit: Alexander Stoklosa - Car and Driver We noticed this set of pipes while moving scales underneath the Explorer ST to weigh it as part of C/D testing procedures. Draw closer to the pipes and peer inside, and there are what appear to be delete plates in each of the four exhaust tips. They're black-painted covers set about two inches in from the end of the chrome exhaust opening. So, where does the exhaust go? Photo credit: Alexander Stoklosa - Car and Driver Now that you're face to rear bumper with the Explorer ST (we don't suggest checking this out on a car that isn't yours-you will look strange), crawl under the vehicle, and look up. Ta-da! There are the real exhaust outlets! Ford pipes the exhaust to four outlets-but turns the gases 90 degrees to flow downward and exit from the underside of each chrome tip. Story continues See? They're both real exhausts-four real exhaust pipes, not four fake tips and a single or double real outlet elsewhere; they simply fake their true routing. So the question surely exploding from your lips this instant: "Why would Ford, having already routed four real exhaust pipes to the Explorer ST's rear bumper, then turn those pipes downward at the last second through little trap doors underneath each chrome exhaust tip?" We're waiting to hear back from Ford, but we suspect it's a move to prevent soot buildup on the exhaust outlets. Modern direct-injection gasoline engines tend to gunk up their exhaust outlets with black soot, like a thick layer of brake dust. This is why many modern vehicles wear fake exhausts. The Volkswagen Group and General Motors are particularly egregious offenders-just look at the latest VW Golf hatchback and nearly any Buick model. Some German cars have real pipes that exit through separate tips-i.e., the piping doesn't flow into the visible tip but stops short just behind-but this is for a separate reason: It is a play to reduce insurance cost because it helps prevent damage to the actual exhaust in the event of a mild rear-end impact. It also meets overseas regulations surrounding how far the exhaust can extend beyond a car's bumper. Anyway, Ford has a clever solution on its hands here for the soot thing. By spitting the exhaust out of the bottom of the tips, Ford is getting its real exhausts and its cake (in this case, forever-clean-appearing chrome outlets), too, without resorting to true fakery. ('You Might Also Like',) Unclogging Streets Could Help City Dwellers Save 125 Hours a Year The 10 Cheapest New Cars of 2018 Get Out Early, Get In Late: What to Know About Auto Lease Transfers |
Did Hedge Funds Drop The Ball On Akorn, Inc. (AKRX) ?
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 stocks among hedge funds beat the S&P 500 Index by more than 6 percentage points so far in 2019. Because hedge funds have a lot of resources and their consensus picks do well, we pay attention to what they think. In this article, we analyze what the elite funds think of Akorn, Inc. (NASDAQ:AKRX).
Akorn, Inc. (NASDAQ:AKRX)has experienced an increase in activity from the world's largest hedge funds in recent months. Our calculations also showed that AKRX isn't among the30 most popular stocks among hedge funds.
Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the market by 40 percentage points since May 2014 through May 30, 2019 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that'll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 30.9% through May 30, 2019. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.
We're going to take a glance at the key hedge fund action regarding Akorn, Inc. (NASDAQ:AKRX).
Heading into the second quarter of 2019, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, a change of 7% from one quarter earlier. On the other hand, there were a total of 28 hedge funds with a bullish position in AKRX a year ago. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Among these funds,Renaissance Technologiesheld the most valuable stake in Akorn, Inc. (NASDAQ:AKRX), which was worth $24.9 million at the end of the first quarter. On the second spot was AQR Capital Management which amassed $11.5 million worth of shares. Moreover, Two Sigma Advisors, Millennium Management, and D E Shaw were also bullish on Akorn, Inc. (NASDAQ:AKRX), allocating a large percentage of their portfolios to this stock.
As aggregate interest increased, some big names were breaking ground themselves.D E Shaw, managed by D. E. Shaw, initiated the biggest position in Akorn, Inc. (NASDAQ:AKRX). D E Shaw had $6.2 million invested in the company at the end of the quarter. Krishen Sud'sSivik Global Healthcarealso initiated a $1.3 million position during the quarter. The other funds with new positions in the stock are Glenn Russell Dubin'sHighbridge Capital Management, Michael Gelband'sExodusPoint Capital, and Alec Litowitz and Ross Laser'sMagnetar Capital.
Let's go over hedge fund activity in other stocks similar to Akorn, Inc. (NASDAQ:AKRX). We will take a look at Yintech Investment Holdings Limited (NASDAQ:YIN), Trinity Merger Corp. (NASDAQ:TMCX), Secoo Holding Limited (NASDAQ:SECO), and SMART Global Holdings, Inc. (NASDAQ:SGH). This group of stocks' market valuations resemble AKRX's market valuation.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position YIN,2,494,0 TMCX,15,65966,1 SECO,8,18349,6 SGH,10,196404,-4 Average,8.75,70303,0.75 [/table]
View table hereif you experience formatting issues.
As you can see these stocks had an average of 8.75 hedge funds with bullish positions and the average amount invested in these stocks was $70 million. That figure was $64 million in AKRX's case. Trinity Merger Corp. (NASDAQ:TMCX) is the most popular stock in this table. On the other hand Yintech Investment Holdings Limited (NASDAQ:YIN) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks Akorn, Inc. (NASDAQ:AKRX) is more popular among hedge funds. Our calculations showed thattop 20 most popular stocksamong hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. Hedge funds were also right about betting on AKRX as the stock returned 32.1% during the same period and outperformed the market by an even larger margin. Hedge funds were clearly right about piling into this stock relative to other stocks with similar market capitalizations.
Disclosure: None. This article was originally published atInsider Monkey.
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Here is What Hedge Funds Think About Novanta Inc. (NOVT)
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and small-cap stocks underperformed the market. Things completely reversed during the first quarter. Hedge fund investor letters indicated that they are cutting their overall exposure, closing out some position and doubling down on others. Let’s take a look at the hedge fund sentiment towards Novanta Inc. (NASDAQ:NOVT) to find out whether it was one of their high conviction long-term ideas.
IsNovanta Inc. (NASDAQ:NOVT)a safe investment right now? Prominent investors are turning less bullish. The number of long hedge fund positions dropped by 2 recently. Our calculations also showed that NOVT isn't among the30 most popular stocks among hedge funds.NOVTwas in 17 hedge funds' portfolios at the end of March. There were 19 hedge funds in our database with NOVT positions at the end of the previous quarter.
To most shareholders, hedge funds are viewed as unimportant, old investment vehicles of yesteryear. While there are more than 8000 funds trading at present, Our researchers hone in on the top tier of this group, about 750 funds. These hedge fund managers shepherd most of the hedge fund industry's total asset base, and by watching their first-class equity investments, Insider Monkey has determined numerous investment strategies that have historically outstripped Mr. Market. Insider Monkey's flagship hedge fund strategy outperformed the S&P 500 index by around 5 percentage points per annum since its inception in May 2014 through June 18th. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 28.2% since February 2017 (through June 18th) even though the market was up nearly 30% during the same period. We just shared a list of 5 short targets in ourlatest quarterly updateand they are already down an average of 8.2% in a month whereas our long picks outperformed the market by 2.5 percentage points in this volatile 5 week period (our long picks also beat the market by 15 percentage points so far this year).
Let's analyze the new hedge fund action regarding Novanta Inc. (NASDAQ:NOVT).
At the end of the first quarter, a total of 17 of the hedge funds tracked by Insider Monkey were long this stock, a change of -11% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards NOVT over the last 15 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Among these funds,Renaissance Technologiesheld the most valuable stake in Novanta Inc. (NASDAQ:NOVT), which was worth $40.3 million at the end of the first quarter. On the second spot was Daruma Asset Management which amassed $27.8 million worth of shares. Moreover, Sandler Capital Management, Thames Capital Management, and Arrowstreet Capital were also bullish on Novanta Inc. (NASDAQ:NOVT), allocating a large percentage of their portfolios to this stock.
Seeing as Novanta Inc. (NASDAQ:NOVT) has witnessed declining sentiment from hedge fund managers, we can see that there was a specific group of hedge funds that decided to sell off their positions entirely by the end of the third quarter. It's worth mentioning that David Costen Haley'sHBK Investmentsdumped the biggest investment of all the hedgies tracked by Insider Monkey, valued at an estimated $0.4 million in stock. Dmitry Balyasny's fund,Balyasny Asset Management, also said goodbye to its stock, about $0.3 million worth. These transactions are interesting, as aggregate hedge fund interest fell by 2 funds by the end of the third quarter.
Let's now take a look at hedge fund activity in other stocks similar to Novanta Inc. (NASDAQ:NOVT). These stocks are Federated Investors Inc (NYSE:FII), CVB Financial Corp. (NASDAQ:CVBF), Chemical Financial Corporation (NASDAQ:CHFC), and UniFirst Corp (NYSE:UNF). This group of stocks' market caps resemble NOVT's market cap.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position FII,13,131316,-2 CVBF,12,41422,3 CHFC,18,96012,8 UNF,21,163958,7 Average,16,108177,4 [/table]
View table hereif you experience formatting issues.
As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $108 million. That figure was $123 million in NOVT's case. UniFirst Corp (NYSE:UNF) is the most popular stock in this table. On the other hand CVB Financial Corp. (NASDAQ:CVBF) is the least popular one with only 12 bullish hedge fund positions. Novanta Inc. (NASDAQ:NOVT) is not the most popular stock in this group but hedge fund interest is still above average. Our calculations showed thattop 20 most popular stocksamong hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. Hedge funds were also right about betting on NOVT as the stock returned 7.4% during the same period and outperformed the market by an even larger margin. Hedge funds were rewarded for their relative bullishness.
Disclosure: None. This article was originally published atInsider Monkey.
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Here’s What Hedge Funds Think About ImmunoGen, Inc. (IMGN)
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by nearly 9 percentage points since the end of the third quarter of 2018 as investors worried over the possible ramifications of rising interest rates and escalation of the trade war with China. The hedge funds and institutional investors we track typically invest more in smaller-cap stocks than an average investor (i.e. only 298 S&P 500 constituents were among the 500 most popular stocks among hedge funds), and we have seen data that shows those funds paring back their overall exposure. Those funds cutting positions in small-caps is one reason why volatility has increased. In the following paragraphs, we take a closer look at what hedge funds and prominent investors think of ImmunoGen, Inc. (NASDAQ:IMGN) and see how the stock is affected by the recent hedge fund activity.
ImmunoGen, Inc. (NASDAQ:IMGN)shares haven't seen a lot of action during the first quarter. Overall, hedge fund sentiment was unchanged. The stock was in 16 hedge funds' portfolios at the end of the first quarter of 2019. The level and the change in hedge fund popularity aren't the only variables you need to analyze to decipher hedge funds' perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That's why at the end of this article we will examine companies such as TCR2 Therapeutics Inc. (NASDAQ:TCRR), PDF Solutions, Inc. (NASDAQ:PDFS), and Bar Harbor Bankshares (NYSE:BHB) to gather more data points.
In today’s marketplace there are a multitude of methods stock market investors put to use to value their holdings. A couple of the less known methods are hedge fund and insider trading activity. We have shown that, historically, those who follow the best picks of the elite money managers can outperform the market by a superb amount (see the details here).
[caption id="attachment_758500" align="aligncenter" width="450"]
Daniel Gold of QVT Financial[/caption]
Let's check out the latest hedge fund action regarding ImmunoGen, Inc. (NASDAQ:IMGN).
At Q1's end, a total of 16 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 0% from one quarter earlier. By comparison, 17 hedge funds held shares or bullish call options in IMGN a year ago. So, let's review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
The largest stake in ImmunoGen, Inc. (NASDAQ:IMGN) was held byRedmile Group, which reported holding $35.4 million worth of stock at the end of March. It was followed by Renaissance Technologies with a $19.1 million position. Other investors bullish on the company included Millennium Management, Millennium Management, and QVT Financial.
Because ImmunoGen, Inc. (NASDAQ:IMGN) has experienced declining sentiment from hedge fund managers, logic holds that there were a few hedgies that slashed their entire stakes by the end of the third quarter. Intriguingly, Steve Cohen'sPoint72 Asset Managementdumped the largest stake of all the hedgies watched by Insider Monkey, comprising close to $12.7 million in stock. James A. Silverman's fund,Opaleye Management, also dumped its stock, about $4.9 million worth. These moves are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).
Let's also examine hedge fund activity in other stocks - not necessarily in the same industry as ImmunoGen, Inc. (NASDAQ:IMGN) but similarly valued. We will take a look at TCR2 Therapeutics Inc. (NASDAQ:TCRR), PDF Solutions, Inc. (NASDAQ:PDFS), Bar Harbor Bankshares (NYSE:BHB), and Insteel Industries Inc (NASDAQ:IIIN). All of these stocks' market caps are similar to IMGN's market cap.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position TCRR,5,39383,5 PDFS,9,45669,-2 BHB,3,16489,0 IIIN,8,52127,-4 Average,6.25,38417,-0.25 [/table]
View table hereif you experience formatting issues.
As you can see these stocks had an average of 6.25 hedge funds with bullish positions and the average amount invested in these stocks was $38 million. That figure was $69 million in IMGN's case. PDF Solutions, Inc. (NASDAQ:PDFS) is the most popular stock in this table. On the other hand Bar Harbor Bankshares (NYSE:BHB) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks ImmunoGen, Inc. (NASDAQ:IMGN) is more popular among hedge funds. Our calculations showed thattop 20 most popular stocksamong hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. Unfortunately IMGN wasn't nearly as popular as these 20 stocks and hedge funds that were betting on IMGN were disappointed as the stock returned -21.8% during the same period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out thetop 20 most popular stocksamong hedge funds as 13 of these stocks already outperformed the market in Q2.
Disclosure: None. This article was originally published atInsider Monkey.
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Here’s What Hedge Funds Think About Tilly’s Inc (TLYS)
Is Tilly's Inc (NYSE:TLYS) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.
Tilly's Inc (NYSE:TLYS)has seen an increase in support from the world's most elite money managers lately.TLYSwas in 16 hedge funds' portfolios at the end of the first quarter of 2019. There were 15 hedge funds in our database with TLYS holdings at the end of the previous quarter. Our calculations also showed that tlys isn't among the30 most popular stocks among hedge funds.
So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the market by 40 percentage points since May 2014 through May 30, 2019 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter. Even if you aren't comfortable with shorting stocks, you should at least avoid initiating long positions in our short portfolio.
[caption id="attachment_30621" align="aligncenter" width="487"]
Cliff Asness of AQR Capital Management[/caption]
We're going to take a peek at the latest hedge fund action regarding Tilly's Inc (NYSE:TLYS).
At the end of the first quarter, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 7% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards TLYS over the last 15 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Among these funds,Divisar Capitalheld the most valuable stake in Tilly's Inc (NYSE:TLYS), which was worth $15.4 million at the end of the first quarter. On the second spot was Renaissance Technologies which amassed $10.8 million worth of shares. Moreover, AQR Capital Management, Nantahala Capital Management, and Arrowstreet Capital were also bullish on Tilly's Inc (NYSE:TLYS), allocating a large percentage of their portfolios to this stock.
Now, key hedge funds were leading the bulls' herd.PEAK6 Capital Management, managed by Matthew Hulsizer, initiated the biggest call position in Tilly's Inc (NYSE:TLYS). PEAK6 Capital Management had $0.6 million invested in the company at the end of the quarter. Michael Platt and William Reeves'sBlueCrest Capital Mgmt.also made a $0.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Joel Greenblatt'sGotham Asset Managementand Gavin Saitowitz and Cisco J. del Valle'sSpringbok Capital.
Let's also examine hedge fund activity in other stocks - not necessarily in the same industry as Tilly's Inc (NYSE:TLYS) but similarly valued. These stocks are Citizens, Inc. (NYSE:CIA), Allied Motion Technologies, Inc. (NASDAQ:AMOT), Business First Bancshares, Inc. (NASDAQ:BFST), and Assertio Therapeutics, Inc. (NASDAQ:ASRT). This group of stocks' market caps are similar to TLYS's market cap.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position CIA,2,1384,0 AMOT,12,32307,0 BFST,1,16956,0 ASRT,14,46153,-2 Average,7.25,24200,-0.5 [/table]
View table hereif you experience formatting issues.
As you can see these stocks had an average of 7.25 hedge funds with bullish positions and the average amount invested in these stocks was $24 million. That figure was $64 million in TLYS's case. Assertio Therapeutics, Inc. (NASDAQ:ASRT) is the most popular stock in this table. On the other hand Business First Bancshares, Inc. (NASDAQ:BFST) is the least popular one with only 1 bullish hedge fund positions. Compared to these stocks Tilly's Inc (NYSE:TLYS) is more popular among hedge funds. Our calculations showed thattop 20 most popular stocksamong hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. Unfortunately TLYS wasn't nearly as popular as these 20 stocks and hedge funds that were betting on TLYS were disappointed as the stock returned -28.2% during the same period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out thetop 20 most popular stocksamong hedge funds as 13 of these stocks already outperformed the market in Q2.
Disclosure: None. This article was originally published atInsider Monkey.
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Accenture (ACN) Q3 Earnings Surpass Estimates, FY19 View Up
Accenture plcACN reported impressive third-quarter fiscal 2019 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate.
Earnings of $1.93 per share surpassed the consensus estimate by 5 cents and came ahead of the year-ago figure by 14 cents. The bottom line benefited from higher revenues and operating results, lower effective tax rate, lower non-operating expense and lower share count. These were, however, partially offset by a higher income attributable to non-controlling interests.
Net revenues of $11.10 billion outpaced the consensus mark by $96.5 million and increased 4% year over year on a reported basis and 8.4% in terms of local currency. Net revenues came in line with the higher end of the guided range of $10.80-$11.10 billion.
So far this year, shares of Accenture have gained 30% compared with 25.6% rise of the industry it belongs and 15% increase of the Zacks S&P 500 composite.
Revenues in Detail
On the basis of type of work, Consulting revenues (56% of net revenues) of $6.24 billion increased 3% year over year on a reported basis and 7% in terms of local currency. Outsourcing revenues (44%) of $4.86 billion increased 5% year over year on a reported basis and 10% in terms of local currency.
Among the operating segments, Communications, Media & Technology revenues (20% of net revenues) of $2.25 billion increased 3% year over year on a reported basis and 7% in terms of local currency. Financial Services revenues (20%) of $2.20 billion decreased 2% year over year on a reported basis but increased 4% in terms of local currency. Health & Public Service revenues (16%) of $1.82 billion increased 4% year over year on a reported basis and 6% in terms of local currency. Products revenues (28%) of $3.08 billion increased 4% year over year on a reported basis and 8% in local currency. Resources revenues (16%) of $1.75 billion increased 13% year over year on a reported basis and 19% in terms of local currency.
Geographically, revenues from North Americas (46% of net revenues) of $5.15 billion increased 9% year over year on a reported basis as well as in terms of local currency. Revenues from Europe (34%) of $3.77 billion decreased 3% year over year on a reported basis but increased 5% in terms of local currency. Revenues from Growth Markets (20%) of $2.18 billion increased 5% year over year on a reported basis and 13% in terms of local currency.
Booking Trends
Accenture reported new bookings worth $10.6 billion. Consulting bookings and Outsourcing bookings totaled $6.0 billion and $4.6 billion, respectively.
Operating Results
Gross margin (gross profit as a percentage of net revenues) for the third quarter of fiscal 2019 increased 60 basis points (bps) to 31.8%. Operating income was $1.72 billion, up 5% year over year. Operating margin in the reported quarter expanded 20 bps to 15.5%.
Balance Sheet & Cash Flow
Accenture exited third-quarter fiscal 2019 with total cash and cash equivalents balance of $4.77 billion compared with $4.46 billion at the end of the prior quarter. Long-term debt was $19.9 million compared with $19.8 million at the end of the prior quarter.
Cash provided by operating activities crossed $2.12 billion in the reported quarter. Free cash flow came in at $1.98 billion.
Dividend Payment
On May 15, 2019, Accenture paid a semi-annual cash dividend of $1.46 per share to shareholders of record at the close of business on Apr 11, 2019.
Combined with the semi-annual cash dividend of $1.46 per share paid on Nov 15, 2018, the total cash dividend payment for the fiscal year came in at $2.92 per share.
The company plans to pay dividends on a quarterly basis from the first quarter of fiscal 2020.
Share Repurchases
In line with the policy of returning cash to its shareholders, Accenture repurchased 2.8 million shares for $488 million in the fiscal third quarter. The company had approximately 638 million total shares outstanding as of May 31, 2019.
Guidance
Fourth-Quarter Fiscal 2019
For fourth-quarter fiscal 2019, Accenture expects revenues to be in the range of $10.85- $11.15 billion, which indicates 5-8% growth in local currency. The assumption is inclusive of a negative foreign-exchange impact of 2%. Notably, the Zacks Consensus Estimate of $10.99 billion lies within the current guided range.
Fiscal 2019
Accenture updated its guidance for fiscal 2019. Management raised the EPS range to $7.28-$7.35 from 7.18-$7.32 anticipated earlier. The mid-point of the raised guidance ($7.32) is above the Zacks Consensus Estimate of $7.29 for the period. Revenues are expected to register 8-9% growth, in terms of local currency, compared with 6.5-8.5% growth rate as expected previously.
Operating margin for the fiscal year is still expected around 14.6%, indicating an expansion of 20 basis points from fiscal 2018.
The company continues to expect negative foreign-exchange impact of 3% on its results in U.S. dollars.
Operating cash flow is anticipated in the range of $5.85-$6.25 billion. Free cash flow is expected in the $5.2-$5.6 billion band. Annual effective tax rate is expected to be 22.5-23.5%.
Zacks Rank & Upcoming Releases
Accenture currently carries a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investors interested in the broader Zacks Business Services sector are keenly awaiting second-quarter 2019 reports from key players like TransUnion TRU, Republic Services RSG and Waste Management WM. While TransUnion will release earnings on Jul 23, Republic Services and Waste Management will report on Jul 25.
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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Click to get this free reportTransUnion (TRU) : Free Stock Analysis ReportAccenture PLC (ACN) : Free Stock Analysis ReportWaste Management, Inc. (WM) : Free Stock Analysis ReportRepublic Services, Inc. (RSG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Imagine Owning Carrols Restaurant Group (NASDAQ:TAST) And Wondering If The 41% Share Price Slide Is Justified
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The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. For example, theCarrols Restaurant Group, Inc.(NASDAQ:TAST) share price is down 41% in the last year. That contrasts poorly with the market return of 6.9%. However, the longer term returns haven't been so bad, with the stock down 26% in the last three years. Furthermore, it's down 12% in about a quarter. That's not much fun for holders.
View our latest analysis for Carrols Restaurant Group
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
During the last year Carrols Restaurant Group saw its earnings per share drop below zero. Some investors no doubt dumped the stock as a result. We hope for shareholders' sake that the company becomes profitable again soon.
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. Before buying or selling a stock, we always recommend a close examination ofhistoric growth trends, available here..
Investors in Carrols Restaurant Group had a tough year, with a total loss of 41%, against a market gain of about 6.9%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 3.4%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. If you want to research this stock further, the data on insider buying is an obvious place to start. You canclick here to see who has been buying shares - and the price they paid.
There are plenty of other companies that have insiders buying up shares. You probably donotwant to miss thisfreelist of growing companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
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. |
Amazon Counter lets you pick up packages at Rite Aid
Amazon is launching yet another way for you to collect an order. It's called Counter and it allows local retailers to store and hand you your order over the counter.
You'd be right to think that Amazon already has pickups from retail stores covered simply by installing anAmazon Locker, but there's one problem with lockers: not all stores have space to install them. To get around this,Amazon launched Counter, which does away with the locker system and allows retailers to securely store your order in whatever storage space they have available.
AsReuters reports, collecting an order using the Counter system requires a barcode be shown to a member of staff at the store. Your Amazon box can then be fetched and handed to you with no further interaction necessary.Read more...
More aboutAmazon Counter,Tech, andBig Tech Companies |
8 Power Moves That Will Land You a Raise
If you feel that the work you do is undervalued, then you're not alone. More than 8 out of 10 American workers feel they're underpaid, a report from the jobs siteIndeedfound.
Don't settle for less. Here are eight steps to feel confident -- so you'll go in there, land that raise and watchyour bank accountswell.
You don't need to wear something ultra stuffy or overly formal when you it's time to have "the talk" with the boss, but you do need to dress neatly and comfortably.
Make sure you look like a professional who respects the workplace and deserves to be paid more. This could be an excuse todo some clothes shopping, but it's for a very good cause.
In a 2018surveyfrom the staffing firm OfficeTeam, 80% of managers said how you dress for your job affects your ability to get ahead at work.
Make sure that you indeeddeservea raise — and sorry, but length of time on the job doesn't count. Whether you're actually valuable to the company is what's important.
Do you have adiverse set of transferable skills? How much does the company stand to lose if they had to replace you?
Starting the negotiation by boasting about your seniority can be counterproductive, so focus on your accomplishments instead.
If you can point to real accomplishments, you will be in a much better position to negotiate the raise you deserve.
Demonstrate your value to the company using concrete examples. These can be situations like any great newcomers you helped recruit, the times you've taken the lead on projects or work initiatives, or times where you've saved the company money.
Demonstrating your long-term commitment (and results!) will help tip the scales in your favor. Want more MoneyWise?Sign up for our weekly email newsletter.
Be sure to do your homework before you walk into the boss's office and request a raise. You may feel you're not being paid what you're worth, but you need to make certain the market agrees with you.
Resources such as Glassdoor, LinkedIn, and the Bureau of Labor Statistics can provide valuable information on average salaries for your position, and you can use that data to back up your request for a pay raise.
You will also be in a stronger position if the company you work for is profitable — the managers of money-losing businesses are unlikely to hand out raises (at least not without a very good reason).
A performance review is like a preamble to asking for a raise; it's a chance for you and your boss to sit down and assess your accomplishments, and for you to demonstrate how you've exceeded expectations.
Make sure your boss knows you want to talk about the value you add to the company.
Letting your boss know your intentions ahead of time can take some of the stress out of asking for a raise.
Even if you have the data on your side and can demonstrate a long list of accomplishments, asking for a raise can be an intimidating experience. That's why it is so important to practice your sales pitch ahead of time.
The "product" you're pitching is you. Practicing what you will say can help a lot, so ask a trusted friend or family member to help you rehearse.
Have the friend play your boss and give you push-back when you start making your request. Brainstorm certain objections the boss might have, and prepare your answers. Listen to your friend's input, too — it's helpfu to have a second opinion on your pitch.
No matter what happens when you ask for a raise, it's essential not to let the conversation get personal.
While some supervisors will have no objection to you asking for a raise, others may see the request as an affront.
Remain cordial and composed, and avoid getting defensive. The last thing you want isfor your boss to feel offended, so keep the conversation professional at all times.
Remain upbeat even if your boss refuses the raise, dodges your questions, or gives you any other negative or non-constructive response. If your request is rejected, politely ask "Why?" and reallylistento the answer.
It probably goes without saying, but you should never accuse your boss of being cheap or imply that you were lowballed during the hiring process. Not onlyare these negotiation tactics counterproductive, but they could cost you your job.
When the interview is over,thank your supervisor for their time. If the response was negative, don't fret. Making a polite exit is a good way avoid burning a professional bridge. |
Supreme Court allows partisan districts, blocks census query
WASHINGTON (AP) — In two politically charged rulings, the Supreme Court dealt a huge blow Thursday to efforts to combat the drawing of electoral districts for partisan gain and put a hold on the Trump administration's effort to add a citizenship question to the 2020 census. On the court's final day of decisions before a summer break, the conservative justices ruled that federal courts have no role to play in the dispute over the practice known as partisan gerrymandering. The decision could embolden political line-drawing for partisan gain when state lawmakers undertake the next round of redistricting following the 2020 census. Voters and elected officials should be the arbiters of what is a political dispute, Chief Justice John Roberts said in his opinion for the court. The court rejected challenges to Republican-drawn congressional districts in North Carolina and a Democratic district in Maryland. The decision was a major blow to critics of the partisan manipulation of electoral maps that can result when one party controls redistricting. The districting plans "are highly partisan by any measure," Roberts said. But he said courts are the wrong place to settle these disputes. In dissent for the four liberals, Justice Elena Kagan wrote, "For the first time ever, this court refuses to remedy a constitutional violation because it thinks the task beyond judicial capabilities." Kagan, in mournful tones, read a summary of her dissent in court to emphasize her disagreement. Federal courts in five states concluded that redistricting plans put in place under one party's control could go too far and that there were ways to identify and manage excessively partisan districts. Those courts included 15 federal judges appointed by Republican and Democratic presidents reaching back to Jimmy Carter. But the five Republican-appointed justices decided otherwise. The decision effectively reverses the outcome of rulings in Maryland, Michigan, North Carolina and Ohio, where courts had ordered new maps drawn, and ends proceedings in Wisconsin, where a retrial was supposed to take place this summer after the Supreme Court last year threw out a decision on procedural grounds. Story continues Proponents of limiting partisan gerrymandering still have several routes open to them, including challenges in state courts. There is a pending North Carolina lawsuit. The North Carolina case has its roots in court decisions striking down some of the state's congressional districts because they were illegal racial gerrymanders. When lawmakers drew new maps as a result, Republicans who controlled the legislature sought to perpetuate the 10-3 GOP advantage in the congressional delegation. Democratic voters sued over the new districts, complaining that they were driven by partisan concerns. The voters won a lower court ruling, as did Democrats in Wisconsin who challenged state assembly districts. But when the Supreme Court threw out the Wisconsin ruling on procedural grounds that did not address the partisan gerrymandering claims, the justices also ordered a new look at the North Carolina case. A three-judge court largely reinstated its ruling. In Maryland, Democrats controlled redistricting and sought to flip one district that had been represented by a Republican for 20 years. Their plan succeeded, and a lower court concluded that the district violated the Constitution. The high court agreed to hear both cases. In the census case, the court said the Trump administration's explanation for wanting to add the question was "more of a distraction" than an explanation. The administration had cited the need to improve enforcement of the Voting Rights Act. There was no immediate response from the White House on either Supreme Court decision Thursday. It's unclear whether the administration would have time to provide a fuller account. Census forms are supposed to be printed beginning next week. Roberts again had the court's opinion, with the four liberals joining him in the relevant part of the outcome. A lower court found the administration violated federal law in the way it tried to add a question broadly asking about citizenship for the first time since 1950. The Census Bureau's own experts have predicted that millions of Hispanics and immigrants would go uncounted if the census asked everyone if he or she is an American citizen. Immigrant advocacy organizations and Democratic-led states, cities and counties argue the citizenship question is intended to discourage the participation of minorities, primarily Hispanics, who tend to support Democrats, from filling out census forms. The challengers say they would get less federal money and fewer seats in Congress if the census asks about citizenship because people with noncitizens in their households would be less likely to fill out their census forms. Evidence uncovered since the Supreme Court heard arguments in the case in late April supports claims that the citizenship question is part of a broader Republican effort to accrue political power at the expense of minorities, the challengers say. The Constitution requires a census count every 10 years. A question about citizenship had once been common, but it has not been widely asked since 1950. At the moment, the question is part of a detailed annual sample of a small chunk of the population, the American Community Survey. The case stems from Commerce Secretary Wilbur Ross' decision in 2018 to add a citizenship question to the next census, over the advice of career officials at the Census Bureau, which is part of the Commerce Department. At the time, Ross said he was responding to a Justice Department request to ask about citizenship in order to improve enforcement of the federal Voting Rights Act. |
Trump may 'murder' the stock market by doing nothing at the G20
One thing many of Wall Street’s top minds could agree on is that if President Donald Trump walks away from this week’s G20 summit with no progress on the U.S.-China trade front, a good bit of air could come out of the red-hot stock market.
“I think you will see markets really reverse,” Vantagepoint Investment Advisers Wayne Wicker said on Yahoo Finance’sThe First Trade. Vantagepoint has about $29 billion in assets under management.
“There is a lot of optimism that we will get a trade deal here, I happen to believe it will take a lot longer than people anticipate,” Wicker said, adding that he thinks a 10% to 15% pullback in markets sans a trade deal wouldn’t be surprising.
In fact in a note to clients, Wicker suggested that trade tensions could “murder markets.”
Brutal.
Markets will enter the closely watched G20 feeling pretty good. The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 have all rallied hard off the early June lows. Investors have piled back into trade-sensitive stocks such as Apple (AAPL). In effect, investors have completely ignored the possibility a U.S.-China trade deal won’t be signed until 2020 and that $300 billion in additional tariffs will not be put in place by the Trump administration.
Numerous sources Yahoo Finance has spoken with have said clients remain in the mindset that the Trump administration will get a deal done. It’s in their best interests to do so to keep the U.S. economy and stocks humming ahead of Trump’s 2020 re-election bid.
But that fierce optimism on trade could quickly go south if the G20 goes awry this weekend. Suddenly, investor focus would switch from the benefits to risk assets from cheap money promises by the Federal Reserve to concerns on a full-blown trade war hammering Corporate America.
As evidence of that potential impact look no further than FedEx (FDX) — the shipping giantpinned its awful quarter and outlook this week on weakening global trade conditions.
“It reminds me a bit about that old adage of Mike Tyson that everybody has got a plan until they get hit in the mouth,”FedEx CEO Fred Smith told analysts on a conference call this week. “So clearly, we’ve been very disappointed over the last few years with the assumptions that we made on the growth in international trade, particularly with the Trump administration.”
Miller Tabak strategist Matt Maley tells Yahoo Finance the markets could be “clobbered” if the G20 is a disappointment.
Most bulls in this market — and there are clearly a ton of them — are probably hoping Trump doesn’t take the advice of confidant and banking titan Jamie Dimon, JPMorgan Chase’s CEO.
Dimon told Yahoo Finance editor-in-chief Andy Serwerthat if Trump “can’t get a good deal, then he should walk away. That's a serious statement I just said: If he can't get a good deal, he should walk away.”
If that happens, expect the bulls to walk away from stocks.
Brian Sozzi is an editor-at-large and co-host of ‘The First Trade’ at Yahoo Finance. Follow Brian Sozzi him on Twitter@BrianSozzi
Read the latest financial and business news from Yahoo Finance
• Why Shake Shack CEO is testing a 4-day workweek
• Trump's trade war with China may shock investors this summer
• 2 black swans could come out of nowhere and kill stocks this summer
• Why scrapping Trump's corporate tax cuts could crush businesses
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How Much Did Theravance Biopharma, Inc.'s (NASDAQ:TBPH) CEO Pocket Last Year?
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Rick Winningham has been the CEO of Theravance Biopharma, Inc. (NASDAQ:TBPH) since 2014. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Next, we'll consider growth that the business demonstrates. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. The aim of all this is to consider the appropriateness of CEO pay levels.
Check out our latest analysis for Theravance Biopharma
According to our data, Theravance Biopharma, Inc. has a market capitalization of US$877m, and pays its CEO total annual compensation worth US$2.5m. (This figure is for the year to December 2018). That's a notable increase of 8.9% on last year. While we always look at total compensation first, we note that the salary component is less, at US$957k. When we examined a selection of companies with market caps ranging from US$400m to US$1.6b, we found the median CEO total compensation was US$2.7m.
So Rick Winningham receives a similar amount to the median CEO pay, amongst the companies we looked at. This doesn't tell us a whole lot on its own, but looking at the performance of the actual business will give us useful context.
You can see, below, how CEO compensation at Theravance Biopharma has changed over time.
On average over the last three years, Theravance Biopharma, Inc. has grown earnings per share (EPS) by 1.3% each year (using a line of best fit). In the last year, its revenue is up 178%.
I like the look of the strong year-on-year improvement in revenue. And in that context, the modest EPS improvement certainly isn't shabby. I wouldn't say this is necessarily top notch growth, but it is certainly promising. You might want to checkthis free visual report onanalyst forecastsfor future earnings.
Given the total loss of 31% over three years, many shareholders in Theravance Biopharma, Inc. are probably rather dissatisfied, to say the least. So shareholders would probably think the company shouldn't be too generous with CEO compensation.
Remuneration for Rick Winningham is close enough to the median pay for a CEO of a similar sized company .
We would like to see somewhat stronger per share growth. And shareholder returns have been disappointing over the last three years. This doesn't look great when you consider CEO remuneration is up on last year. So it would take a bold person to suggest the pay is too modest. If you think CEO compensation levels are interesting you will probably really likethis free visualization of insider trading at Theravance Biopharma.
Important note:Theravance Biopharma may not be the best stock to buy. You might find somethingbetterinthis list of interesting companies with high ROE and low debt.
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. |
Experts urge EU to ban AI-designed social credit ranking systems
An advisory group to the European Union has suggested that the body bans systems of rating individuals automatically. In its latest report, the EU's High Level Expert Group on Artificial Intelligence says that "AI enabled mass scale of scoring of individuals," should be banned. In addition, instances where AI and big data could be used to identify national security threats should be tightly regulated.
The group was charged with finding ways of making AI "trustworthy and human-centric" in a future that will grow to depend upon it. Many of the recommendations, made by a team of experts that includes people from Google, IBM, and Oxford University, are sensible and common-sense. They include tools to empower people to learn about AI, training citizens to harness its power and ensure transparency.
The report also highlights growing anxiety around the use of AI and big data to create so-called "Social Credit" systems. Much in the same way that users have a credit score, used by banks to determine how reliable a debtor they are, these systems look to assign a value to how good acitizenyou are. It's easy to see, however, how these processes can be used as a means of disproportionate coercion or control.
Another recommendation inside the 52-page document is to avoid "disproportionate [...] mass surveillance of individuals." The panel says that AI-enabled surveillance systems, which would intrude in everyone's lives, are "extremely dangerous." It added that governments should do their best to limit their powers in these regions and only work with AI providers who have similarly committed to respecting fundamental rights.
It's not just governmental surveillance that raises the panel's ire, but commercial surveillance the likes of which social media is famous for. It's not named, but the suggestion that "commercial surveillance of individuals [...] and society should be countered," seems squarely aimed at Facebook. Another proposal involves ensuring that AI systems should be examined for bias, and be designed to work for "everyone." That would match some equalities laws, ensuring that those with disabilities aren't left behind.
These proposals are, for now, just that, but it does seem as if the EU will trend toward a more liberal, privacy-focused interpretation of the rules. It makes sense, given that Europe has taken a much harder stance on privacy violations, now with the GDPR, than in the US. That has seen Mark Zuckerberg -- always areluctant visitorto government -- hauled infront of officialsto discuss privacy protections.
But other territories aren't just embracing the notion of social credit, they're actively announcing the creation of those systems. Line, the Asian messaging service, is adding a "proprietary scoring service," called Line Score, to its platform. It's essentially a credit-scoring system that examines their financial history, answers to a questionnaire and, interestingly, their usage of Line products.
The company says that Line Score will only be implemented with the user's consent, and will initially be used to offer promotions and deals. The fact that the system will harness AI, and pull data from Mizuho Bank, does raise some potential hackles. Line says that its scoring system will "apply scoring data to other Line services," as well as selling those scores to "third parties."
The idea of a monolithic social credit system first gained traction in China, where it allegedly controls the population to some extent. Various projects that 'rate' citizens for various elements of public behavior are, in reality, a patchwork of experiments and credit score tests. The purported aim of the system is that people will have a single figure that determines how good they are as a person.
In 2015,a dating websiteteamed up with Sesame, the financial services arm of Alibaba, which collected data on its 400 million users. Those individuals with good credit scores were given better placement on the dating site, and were presented as somehow more desirable.
And Social Credit, in its final form, could be a vehicle through which Chinese citizens can be controlled. Earlier this year,The Guardianreported that people were prevented from train travel as punishment for various social infractions. That included non-payment of tax and drug taking, through to "spreading false information," which is sometimes a euphemism forcriticizing the communist party.
Many see social credit systems as the first step on the road to a more suppressive regime, like the one the UN found in Xinjiang. The Chinese province houses much of China'sUighur Muslimpopulation, is subject to a totalitarian surveillance regime. Engadget hasreported extensivelyon how the area has become a laboratory designed to build the perfect machine for societal control and repression. And, for the crime of practicing a different religion, the UN believes that more than a million Uighurs are held in whatReutersdescribes as "re-education centers."
Following the publication of the report, the EU will look to explore the practicalities of the recommendations in time for concrete proposals by early 2020. And, somehow, to turn that into legislation that will protect European citizens' rights in an age of big data and artificial intelligence. |
Can We See Significant Insider Ownership On The Co-Diagnostics, Inc. (NASDAQ:CODX) Share Register?
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Every investor in Co-Diagnostics, Inc. (NASDAQ:CODX) should be aware of the most powerful shareholder groups. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'
Co-Diagnostics is not a large company by global standards. It has a market capitalization of US$13m, which means it wouldn't have the attention of many institutional investors. In the chart below below, we can see that institutions own shares in the company. Let's take a closer look to see what the different types of shareholder can tell us about CODX.
See our latest analysis for Co-Diagnostics
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.
Co-Diagnostics already has institutions on the share registry. Indeed, they own 17% of the company. 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Co-Diagnostics's historic earnings and revenue, below, but keep in mind there's always more to the story.
Hedge funds don't have many shares in Co-Diagnostics. 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 company insiders can be subjective, and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board; and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board, themselves.
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.
We can see that insiders own shares in Co-Diagnostics, Inc.. It has a market capitalization of just US$13m, and insiders have US$1.1m worth of shares, in their own names. Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. But it might be worth checkingif those insiders have been selling.
With a 50% ownership, the general public have some degree of sway over CODX. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
With an ownership of 7.4%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.
Our data indicates that Private Companies hold 17%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
While it is well worth considering the different groups that own a company, there are other factors that are even more important.
Many find it usefulto take an in depth look at how a company has performed in the past. You can accessthisdetailed graphof past earnings, revenue and cash flow.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss thisfreereport on analyst forecasts.
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. |
Gemini Hires 5 Former Coinbase Engineers for New Chicago Crypto Office
Crypto exchange Gemini is opening a Chicago office as part of a fresh push into the nascent institutional market.
The exchange announced Thursday that it was hiring five employees as part of this effort. An individual familiar with the situation told CoinDesk that the team was recruited froma group of former Coinbase engineers, whom the rival crypto exchange laid off in April when it shuttered its own Chicago-based, institutional-focused engineering team.
The new Gemini employees will be focused on supporting the exchange’s primary products, including its professional trading platforms and custody solution.
Related:Winklevoss Capital, Charlie Shrem Settle $26 Million Bitcoin Lawsuit
Gemini co-founder and CEO Tyler Winklevoss told CoinDesk that the Chicago engineering team “has deep expertise in matching engines and marketplaces.”
“They’ll be primarily focused on that and building the core platform for our exchange and trading services that already exists,” he said, adding:
“When we think about our exchange we start with reliability, speed, robustness, but also the product offerings so we don’t have a specific deadline I can give you in terms of what we’re targeting but we’re continuing to build out our product offering.”
Prior to Coinbase, some of the new Gemini engineers worked at CME Group and other trading firms. They include product manager Andrew Page, whoannounced his hiring on LinkedInand before taking the plunge into crypto worked seven years at Connamara Systems, a capital markets software firm.
Related:Gemini Is Now the Largest Bitcoin Exchange to Add ‘Full’ SegWit Support
While Gemini is currently a spot exchange that lists five assets (bitcoin, bitcoin cash, ether, zcash and litecoin), Winklevoss said the company is looking to increase the number of order types on the platform, as well as “the way people can trade these assets.”
The exchange now has roughly 200 employees in Portland, Oregon and New York, in addition to the new Chicago branch.
In a statement, Winklevoss said Gemini has been “focused on building an institutional-grade platform … from day one.”
“[We] are continually investing in talent that will help us realize this” he said. “Chicago, one of the world’s major financial centers, is a natural place for us to be. We’re thrilled to formally expand our footprint there as interest in reliable, trustworthy, cryptocurrency trading platforms continues to grow among investors.”
Tyler and Cameron Winklevoss image via Brady Dale for CoinDesk
• Winklevoss Ordered to Pay $45K Worth of Charlie Shrem’s Legal Fees
• Winklevoss Exchange Gemini Shuts Down Accounts Over Stablecoin Redemptions |
PepsiCo Continues Its Push Away from Plastic Bottles to Address Environmental Concerns
PepsiCo is making changes to some of its fastest-growing brands—but it has nothing to do with the liquid inside its bottles.
The snacking and beverage giant is switching up the packaging for some of its water portfolio as it works to remove plastic from its supply chain amid a growing concern from consumers over the material’s environmental footprint.
“It’s really important to our consumers that we’re thinking about the impact we have on the planet,” says Stacy Taffet, vice president of PepsiCo’s water portfolio.
Beginning next year,PepsiCowill sell its Aquafina water in aluminum cans in U.S. food service outlets and test them for broader distribution in retail. In addition, itssparkling water brand Bublywill no longer be packaged in plastic—cans only—and Lifewtr will be packaged in only recycled plastic.
PepsiCo says that all of the changes will eliminate more than 8,000 metric tons of virgin plastic and about 11,000 metric tons of greenhouse gas emissions. The company has set a goal that by 2025 all of its packaging will be recyclable, compostable, or biodegradable and that 25% of its plastic packaging will come from recycled materials.
Taffet says that one of the benefit of aluminum is that it’s recycled more than plastic, in part because it has a higher monetary value. The company chose to switch to recycled plastic rather than use aluminum with Lifewtr because people like to reseal the bottles and carry them with them all day. Taffet says that the new Lifewtr packaging will require investment and changes to its supply chain and manufacturing footprint.
The company has led anindustry-wide effortto reverse declines in U.S. household recycling, which it hopes will also increase the supply of the recycled plastic that can be used in its packaging.
PepsiCo has also made some big investments in the reusable bottle world, last yearacquiring Sodastream, the at-home countertop water machine, for $3.2 billion. Earlier this year it also rolled out anew beverage dispenserfor the food service sector the relies on reusable bottles.
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Jessie James Decker surprised husband Eric Decker with matching neon swimsuits: 'I didn't tell him' (Exclusive)
Jessie James Decker is explaining the stories behind some of her most memorable Instagram moments!
The country singer recently stopped by AOL while promoting her partnership withEnfagrow, where she took part in our series,"Explain That 'Gram,"and shed light on that #RelationshipGoals Instagram she posted with husband, Eric Decker, earlier this year in matching neon bathing suits.
"I made Eric get those shorts," she told us. "At first he wasn't going to do it, but my brother was also on the trip and he was like, 'I'll buy 'em, too and we'll twin it out.'"
SEE ALSO:Eric Decker swears by these 'well-tailored' workout clothes
"I was going through and I saw that he already had the shorts on, so I was like, 'I'm going to match,' and I didn't tell him and I had [my suit on] underneath my clothes," she laughed. "When I pulled my clothes off onto the boat he was like, 'Whatttt?!' It was fun."
For more stories behind some of Jessie James Decker's best Instagrams -- including getting real about her post-baby body, getting photobombed by her kids and how "every day is Halloween" for one of her children, watch the video at the top of the page.
See photos of Jessie James and Eric Decker's family: |
Sangita Patel body shamed
Sangita Patel. Image via Getty Images/Instagram. Sangita Patel makes calling out online bullies look easy, breezy and beautiful. The Canadian television personality and Covergirl spokesperson took to social media to share a distasteful comment she received regarding her stomach “blubber.” Despite her busy schedule as the host of HGTV’s “Home To Win” and reporter for “Entertainment Tonight Canada,” Patel makes fitness one of her top priorities. The 40-year-old mother-of-two frequently shares her fitness progress and workouts as part of a Fitness Tuesday video series, motivating her more than 92,000 followers to get moving. ALSO SEE: 'You don't owe the world a bikini': Canadian blogger praised for empowering Instagram post But while many are motivated by Patel, she also deals with her share of trolls. She recently shared a screencap of one of the hurtful comments she received from an online troll regarding a Fitness Tuesday video. “You should know when you’re doing exercises on the floor, your loose skin and blubber shows on your stomach,” wrote a commenter. “Maybe stop eating so many rotis.” View this post on Instagram A post shared by Sangita Patel (@sangita.patel) on Jun 26, 2019 at 3:06pm PDT While Patel admitted reading the racially charged comment “stings,” she addressed the comment and its layers of hostility to send an empowering message to her fans. “What’s so interesting [is] it focuses on my stomach and then brings on a racial undertone in the last sentence...,” she began. “Truth is I DO have loose skin and ‘wrinkles.’ It’s noticeable when I plank, I carried two babies!” ALSO SEE: Woman quits job at Platinum Fitness after manager allegedly called her 'unclean' for dating black men “I’ve shared my health journey to inspire others, especially moms. And keeping it real sometimes makes you vulnerable to such comments,” she continued. “It doesn’t MATTER what your body composition is, judging/comments like this shouldn’t be happening, it’s easy to lack empathy when such a person is behind a screen.” Story continues (Photo by George Pimentel/Getty Images) The comment spurred Patel to speak out and encourage her followers to not let the opinions of others interfere with how they feel about themselves. Fans rallied around Patel with some of the television personality’s famous friends weighing in and lending their support. ALSO SEE: Billie Eilish wore a tank top in public, and the teen singer was instantly objectified “Fierce, strong woman, warrior, leader, mentor, sister!” Canadian songstress Jann Arden wrote. “Omg... Whoever this imbecile is we just have to forgive them. It comes from fear. You are killing it in every way!” “The Social” hosts also weighed in. Traci Melchor commented that “living well is the BEST revenge,” while Elaine Lui wrote, “All I see is RIPPED and all I taste is my own envy.” The online hate regarding Patel’s fit frame is a prime example of the never-ending body criticism women are subjected to. Larger bodied women are constantly told to lose weight, exercise and branded as “lazy,” while Patel, who sports a six pack and shares video of herself training, is still chastised and told to improve by curbing her eating. Patel being targeted by body shamers is indicative of the inherent disapproval of any body that shows sign of experience, whether it be from growth, aging or giving birth. “Don’t let anyone take you down,” Patel concluded her message to fans. “NO ONE. At 40, I’m the healthiest I’ve ever been. I’ve embraced my body, ‘blubber’ and all.” Let us know what you think by commenting below and tweeting @ YahooStyleCA! Follow us on Twitter and Instagram . |
Lee Pomeroy death: CCTV shows 'quick and frenzied' stabbing of train passenger
CCTV footage of a "quick and frenzied" attack on a train passenger which left him dead has been shown to jurors in a murder trial. Lee Pomeroy , a 51-year-old IT consultant, was stabbed 18 times in 25 seconds by 36-year-old Darren Pencille, London's Old Bailey heard. As they were shown the graphic video of the stabbing on a Guildford to London train on 4 January, jurors sat in silence. Mr Pomeroy's family left the courtroom. Questioning British Transport Police Detective Constable Marc Farmer, Prosecutor Jake Hallam QC said: "The incident lasted 25 seconds and during those 25 seconds Mr Pomeroy sustained 18 stab injuries." He replied: "Yes, that's correct. It was a quick and frenzied attack." Jurors saw images showing Mr Pomery and his 14-year-old son arriving at London Road station in Guildford and collecting their tickets before heading to platform two. Shortly afterwards, Mr Pencille was dropped off by his girlfriend Chelsea Mitchell and boarded the 1.01pm train to Waterloo. He walked down the carriage as Mr Pomeroy and his son were coming the other way. It is claimed a row began over blocking the aisle and quickly escalated. Mr Pomeroy was shown getting up and following Mr Pencille into the next carriage and stood with his hands in his pockets during the argument. The defendant appeared to gesture with his hands and make a call, allegedly to his girlfriend, to say: "I'm going to kill this man. He'll be dead." Mr Pencille, who has admitted possessing a knife, appeared to strike out at Mr Pomeroy's neck then continue to stab him as Mr Pomeroy attempted to defend himself. Afterwards, Mr Pencille is seen in the footage to bend down and pick up his sunglasses and mobile phone before leaving the train. Jurors have heard how he was picked up at Clandon station by 27-year-old Mitchell and taken to her home. Mr Pencille, of no fixed address, has denied murder, and Ms Mitchell, of Farnham, Surrey, has pleaded not guilty to assisting an offender. Additional reporting by Press Association |
At US$52.50, Is It Time To Put Tactile Systems Technology, Inc. (NASDAQ:TCMD) On Your Watch List?
Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card!
Tactile Systems Technology, Inc. (NASDAQ:TCMD), which is in the medical equipment business, and is based in United States, saw significant share price movement during recent months on the NASDAQGM, rising to highs of $60.85 and falling to the lows of $48.03. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Tactile Systems Technology's current trading price of $52.5 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Tactile Systems Technology’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Check out our latest analysis for Tactile Systems Technology
According to my valuation model, Tactile Systems Technology seems to be fairly priced at around 7.6% below my intrinsic value, which means if you buy Tactile Systems Technology today, you’d be paying a reasonable price for it. And if you believe the company’s true value is $56.82, then there’s not much of an upside to gain from mispricing. Although, there may be an opportunity to buy in the future. This is because Tactile Systems Technology’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.
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. 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. Tactile Systems Technology’s earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.
Are you a shareholder?It seems like the market has already priced in TCMD’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 track record of its management team. 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 TCMD, now may not be the most advantageous 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 Tactile Systems Technology. You can find everything you need to know about Tactile Systems Technology inthe latest infographic research report. If you are no longer interested in Tactile Systems Technology, 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. |
Apple recalls MacBook Pros for overheating batteries that led to reports of minor burns, damage
Applerecalledabout 432,000 15-inch MacBook Pro laptops due to overheating batteries that could spark a fire, the U.S. Consumer Product Safety Commission (CPSC) said Thursday.
The tech company issued the recall after receiving 26 reports of the laptop’s battery overheating, the CPSC said in anews release. Five people reported receiving minor burns, while one person suffered smoke inhalation. At least 17 people said the overheating computer caused minor damage to personal items.
Apple announced its“15-inch MacBook Pro Battery Recall Program”last week for anyone with the computer sold between September 2015 and February 2017, but didn’t release further details about incidents until Thursday. The recalled laptops have a 15.4-inch (diagonal) display, 2.2-2.5 GHz processors, 256GB-1TB solid-state storage, two Thunderbolt 2 ports, two USB 3 ports, and one HDMI port.
Apple and CPSC urged customers to input their MacBook Pro’s serial number to determine if their device falls within the recall. Customers with the recalled laptops are urged to stop using the devices and bring them to an authorized service provider for a free battery replacement.
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Along with about 432,000 MacBook Pro’s being recalled in the U.S., another 26,000 were sold in Canada.
The MacBook Pro recall comes weeks after Apple expandedrepair servicefor all MacBook models dating back to 2015 to address issues with malfunctioning keyboards.
Fox Business' Thomas Barrabi contributed to this report.
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Uncertainty hangs over ADP sale as Macron faces delicate decisions
By Richard Lough and Inti Landauro
PARIS (Reuters) - Bankers are telling potential buyers of the French state's majority holding in airports operator ADP that there is little clarity on the timing or size of the sale, underscoring how risky the transaction has become for President Emmanuel Macron.
The proposed sale of all or part of the state's controlling 50.6% share in ADP, which operates Paris Charles de Gaulle to the north of the capital and Orly to the south, is the most eye-catching of the slate of privatisations planned by Macron in a country that cherishes the protection of public services.
The sell-offs — utility Engie and lottery monopoly FDJ are also potentially on the block — are integral to Macron's drive to curb government involvement where he believes the private sector would better deliver investment and change.
But the ADP sale has united opponents. They accuse President Emmanuel Macron of "flogging the family silver" and warn of the perils of economic liberalism, citing Margaret Thatcher's unpopular reforms in 1980s Britain.
This month opponents launched a petition that could lead to a referendum on the ADP privatisation next year -- a risky proposition for a president shaken by a public rebellion over his pro-business policies and perceived as indifferent to the working class. The ballot would be held as re-election looms.
Three bankers advising clients over ADP said there was no clear idea how much would be sold or when. Macron's government has put the plans on ice for at least the nine-month period opponents have to try to garner 4.7 million backers — 10% of the electorate -- to secure their referendum.
"This sale is on hold for a while," said George Holst of BNP Paribas, which is advising ADP. The project "will depend on the government's will to impose its political line in a clear way."
A second Paris-based banker advising a potential buyer said they were not aware of any current contact between government and interested parties.
"We have told our client the process is delayed, perhaps even cancelled. We're all on standby," they said.
Macron had counted on the ADP sale to service France's debt and build up a fund to finance innovation. The state's shareholding is worth almost 8 billion euros at current market prices. Selling the entire stake would command a premium, while selling a smaller block might be more politically palatable.
The weekly newspaper Canard Enchaîné reported Macron had decided to scrap the sale but that no announcement would come until the referendum bid had run its course.
"The public does not understand the privatisation," Macron is quoted as telling a visitor to his office. "We must take our time. We mustn't act as if the referendum did not exist."
In Japan for a G20 gathering, Macron sidestepped a question on the report: "I am not going to say today what I intend to do."
"NEW-AGE THATCHERISM"
At the heart of the matter is a decades-old debate in France over what role the state should have in the economy.
Boris Vallaud, a Socialist Party spokesman, described the privatisation plan as a "grotesque economic mistake".
"ADP is not a business like others: it is a tool of national sovereignty, it is the hub of Air France, it is a strategic asset," he told Reuters days after launching the petition near Charles de Gaulle airport.
With Vallaud that evening was an unusual grouping of legislators, including communists and moderate socialists who accuse Macron of placing corporate profit ahead of national interest, and conservatives loyal to the Gaullist tradition of a strong government overseeing strategic assets.
"This plan, like others from Macron, feels like new-age Thatcherism," Vallaud said.
Opponents of ADP's privatisation draw parallels with the sale of the motorway network in the mid-2000s, an unpopular move that still leaves many complaining of unfair toll hikes.
"With the highways, we saw that when you privatise it is no longer the common good that prevails, it is the pursuit of profit," said 60-year-old petition signatory Martine Louaire.
Conglomerate Vinci was the big winner of the autoroute privatisation and wants to build upon its 8% stake in ADP.
Supporters of the privatisation dismiss opponents's claims that France would be handing customs and border control over to private interests, and argue the private sector is better placed to transform Charles de Gaulle into a world-leading hub.
On sale would effectively be the airports' shopping centres, hotels, car-parks and aircraft landing tariffs, said Roland Lescure, a lawmaker from Macron's party and rapporteur on the legislation that permits the government to sell its holding.
Lescure said the government would have the final say over landing tariffs if a dispute with the concession-holder erupted. The plan, he said, had become mired in mistruths and wrongly politicised.
"It became a political fireball that everybody wanted to play with, especially in the context of the ‘Yellow Vest’ protests."
MARKET CONDITIONS
ADP would be a big prize for Vinci. 105 million passengers use Paris' two main airports annually. ADP booked 4.5 billion euros of revenue in 2018.
But as opposition has mounted to the company's privatisation, Vinci chief executive Xavier Huillard has downplayed the importance of ADP to the company's strategy.
Vinci had opportunities to grow its airport concession business with or without ADP, Huillard said in February, just as he finalized a 2.9 billion pound ($3.68 billion) swoop for control of Britain's London Gatwick.
ADP chief executive Augustin de Romanet rejected the suggestion Macron's government is having second thoughts.
"The impression I have is that this (referendum bid) is not creating any trouble inside the finance ministry or the prime minister's office," Romanet told reporters this week.
Finance Minister Bruno Le Maire has said he still believes in the privatisation.
Although the delay pushes delicate political decisions closer to an expected Macron re-election bid in 2022, Lescure said the president would not stop reforming France.
More of a concern, he said, will be the market.
"I hope the delay is not going to change market conditions."
($1 = 0.7872 pounds)
(Reporting by Richard Lough, Inti Landauro and Elizabeth Pineau in Paris; additional reporting by Cyril Altmeyer and Chris Gallagher in Tokyo; Editing by Luke Baker and) |
Is It Too Late To Consider Buying Tactile Systems Technology, Inc. (NASDAQ:TCMD)?
Want to participate in a short research study ? Help shape the future of investing tools and you could win a $250 gift card! Tactile Systems Technology, Inc. ( NASDAQ:TCMD ), which is in the medical equipment business, and is based in United States, received a lot of attention from a substantial price movement on the NASDAQGM over the last few months, increasing to $60.85 at one point, and dropping to the lows of $48.03. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Tactile Systems Technology's current trading price of $52.5 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Tactile Systems Technology’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. View our latest analysis for Tactile Systems Technology What's the opportunity in Tactile Systems Technology? The stock seems fairly valued at the moment according to my valuation model. It’s trading around 7.6% below my intrinsic value, which means if you buy Tactile Systems Technology today, you’d be paying a reasonable price for it. And if you believe the company’s true value is $56.82, then there’s not much of an upside to gain from mispricing. Is there another opportunity to buy low in the future? Since Tactile Systems Technology’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. What kind of growth will Tactile Systems Technology generate? NasdaqGM:TCMD Past and Future Earnings, June 27th 2019 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 Tactile Systems Technology. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Story continues What this means for you: Are you a shareholder? It seems like the market has already priced in TCMD’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 an eye on TCMD, now may not be the most optimal 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 Tactile Systems Technology. You can find everything you need to know about Tactile Systems Technology in the latest infographic research report . If you are no longer interested in Tactile Systems Technology, you can use our free platform to see my list of over 50 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 at editorial-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. |
France coach Corinne Diacre says pressure is all on USA in World Cup quarter-final: 'I will have lot less work to do in my team talk'
The USA have not beaten Diacre's France side in three years - REUTERS Corinne Diacre says the pressure is all on the "best team in the world" - the USA - for their quarterfinal on Friday night, which is being tipped as the match of the tournament. The two favourites will go toe-to-toe in sweltering conditions in Paris, but the French head coach said that, despite hosting the tournament, her players were not feeling any figurative heat. "When you come up against the United States there is no pressure, quite the opposite," she said. "We are coming up against the best team in the world, the only pressure we have is to produce a good performance." The USA have not beaten France in three years, with the tournament hosts winning their last friendly tie in January. If France beat the USA they will advance to the World Cup semi-finals for only the second time in their history, and end a run of consecutive quarterfinal defeats in 2011 and 2015. When asked about USA defender Ali Krieger's declaration that they "have the best team in the world and the second-best team in the world", Diacre would no be drawn on the idea that the USA's 'trash talk' was a show of arrogance. She did say however that the USA's "shortcomings" were exposed in the last-16 against Spain, and added that her team did not need any extra motivations for this quarterfinal. "Against USA I will have lot less work to do in my team talk, there will be no [need for] motivation, the girls are absolutely firing from that perspective - full throttle. It is massive to come up against the team with the most success in the women’s game. "I don’t think what is at stake should overshadow the game itself. We have had quarter-final defeats haunting us for a while, that might be the case again tomorrow night, we don’t know. We have things to prove, we know we haven’t been perfect but if we are close to perfection tomorrow night that is what we are working towards. "Talk is cheap, but we have to go out there and prove that tomorrow night." Story continues Diacre also gave insight into Eugenie Le Sommer's form ahead of the tie, after the Lyon superstar failed to make a mark in France's extra-time win over Brazil last Sunday. "Eugenie [Le Sommer] is not currently at 100% with regards to what she is able to do. We know what she can bring to the table and she has done a lot of work to be back fit and firing. A driving force in the team, even at 90% fitness, she is crucial. "Would love to have her closer to her top level but I don’t have any doubts she will step up tomorrow night." |
Pentagon Releases Names of 2 Soldiers Killed in Afghanistan
The Pentagon has announced the identities of two soldiers killed in combat in Afghanistan.
Killed on Wednesday in Uruzgan province were 32-year-old Army Master Sgt. Michael B. Riley and 24-year-old Army Sgt. James G. Johnston.
Riley was assigned to 2nd Battalion, 10th Special Forces Group at Fort Carson, Colorado. He was from Heilbronn, Germany.
Johnston was assigned to 79th Ordnance Battalion, 71st Ordnance Group, at Fort Hood, Texas. He was from Trumansburg, New York.
The Pentagon said Thursday that both men died of wounds sustained from small arms fire while engaged in combat operations. No other details were provided.
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3 Red Flags Your Kids Could Have Money Problems
If your kids have developed poor spending patterns , you may be concerned that they're on the path to be straddled with debt , lack budgeting skills or repeat other common financial pitfalls in the future. That's why it's key to start teaching youngsters crucial finance lessons early on and look for telltale signs that they may not understand how money works -- before it's too late. Here are red flags your child could have money problems later on, and concrete tips for teaching them how to manage money better from a young age: -- Your child makes impulsive spending decisions. -- You never talk about money or impart financial lessons. -- You have poor financial habits. Learn more about common warning signs of money mismanagement -- and savvy expert strategies to fix past patterns and improve your child's finances. [ Read: How to Save Money for Your Kids. ] Your Child Makes Impulsive Spending Decisions "How people handle money is consistent with their overall personality and character traits," says Len Hayduchok, a certified financial planner and president of Dedicated Financial Services in Hamilton, New Jersey. If your child is overly generous, he or she may overspend or give money freely as an adult, Hayduchok says. On the other hand, if your youngster is impulsive and undisciplined, he or she may spend money rashly as a grown-up. And if your child is extremely fearful or cautious, he or she may be risk-averse when it comes to saving and investing money for the long term. Keep in mind that making a couple of minor money mistakes (think: losing $30 on an errand or spending money on Pokemon cards instead of saving for the future), doesn't mean your child is fated to be a financial disaster as an adult. But if you notice your teen is always losing a debit card or impulsively spending an allowance on discretionary items instead of setting money aside, it could be an ideal time to provide parental wisdom and sound money tips and advice. Story continues You Never Talk About Money or Impart Financial Lessons If you aren't discussing how to manage money with your kids, you can't be sure what they've been taught or what financial mistakes and budgeting blunders they're making. Your kid may grow into an adult who is bad with money, because he or she never had financial guidance growing up. Chris Matteson, a financial advisor and owner of Integrated Planning Strategies in Edmond, Oklahoma, says that he and his wife give their son and daughter a small allowance, and sometimes receive money from family members over holidays and birthdays. "We basically let them manage their own money, but provide a heavy amount of advice before it is spent," Matteson says. "We feel it is best for them to learn the positive and negative consequences of their money decisions while they are young and when the dollars spent are smaller." Still, Matteson says that he and his wife speak to their children about money every chance they get . [ Read: Why Your Long-Term Relationship May Be Harming Your Financial Literacy ] You Have Poor Financial Habits If you've racked up debt or never created and maintained a well-rounded household budget, your kids may develop the same money patterns. "Look in the mirror. One sign to look for that indicates your kid will have money problems in the future is to look at your approach to money management," says Brian Walsh, a Philadelphia-based certified financial planner at the personal finance company SoFi. If you're making impulsive purchases, arguing with a spouse about money or living beyond your means, those "are all actions that your children will observe and internalize as they develop their own relationship with money," Walsh says. "This has nothing to do with how much money you make, and everything to do with setting a good example and explaining the money decisions you're making on a regular basis to your child." [ See: 10 Tips for Couples and Young Families to Build Wealth. ] If you're wondering how to model good financial behavior , Chad Rixse, a director of financial planning and a wealth advisor at Forefront Wealth Partners in Anchorage, Alaska, has a few suggestions to prevent your kids from adopting poor money habits. He recommends showing your kids that hard work can translate into more dollars. You want to teach your kid that money doesn't grow on trees, Rixse says. "Have your kids do chores around the house, mow lawns in the summer, set up a lemonade stand with the goal of earning money -- anything that can get them connecting the dots between work, money and lifestyle." Rixse also recommends tasking your children to put away at least 20% of their earnings . It'll help them in the future, perhaps with college or another long-term financial goal , and you may get them excited about saving money. "Control this bank account for them until they can wisely manage it themselves," Rixse says. "Regularly show them the growing balance." With that said, it's important to allow kids to spend the remaining 80% of their money, but before they make major spending decisions, discuss smart ways to allocate their money and reach long-term saving goals. More From US News & World Report 7 Habits You Can Learn From Highly Successful Savers 25 Summer Budgeting Tips 9 Money Mistakes Parents Make |
The Zacks Analyst Blog Highlights: Merck, Tractor Supply, IDEXX and CVS
For Immediate Release
Chicago, IL –June 27, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Merck & Co., Inc. MRK, Tractor Supply Company TSCO, IDEXX Laboratories, Inc. IDXX and CVS Health Corporation CVS.
Here are highlights from Tuesday’s Analyst Blog:
4 Stocks to Make the Most of the Growing Love for Pets
Americans are spending more on their pet needs now — whether it’s food, veterinary care or medicines. In the United States, the pet industry is set to grow 3.9% to a record $75.4 billion this year, according to the American Pet Products Association (APPA). And many are already cashing on the trend, including Hollywood!
Universal Pictures recently launched The Secret Life of Pets 2, while the original movie had raked in a profit of more than $370 million, including secondary sales. What’s more, this pet movie sequel is currently expected to generate more income than the superhero-based Dark Phoenix.
But, it’s just not this year that the U.S. pet industry is expected to grow at a healthy pace. Since 1994, the industry has been growing consistently with expenditures topping out roughly $72 billion last year. That’s a jump of 4% compared to 2017. By the way, there were a couple of trends that stood out last year. While an estimated $480 million was spent on pet costumes, one of 10 pet owners created a social media page exclusively for them.
Coming back to 2019, the biggest part of pet spending is expected to be on food. Outlays on pet foods may rise nearly 4.5% to $31.7 billion this year, added APPA. The biggest pet owners incidentally are millennials. And they are the ones who are paying premier prices for natural meals. General Mills, in particular, reported that its natural pet food business rose 11% over the past year.
The next category where pet spending is expected to rise significantly is veterinary care. APPA expects spending amount to scale 4.8% this year to $19 billion. Neal Rosenberg, manager of the Baron Growth fund, chipped in and said that nowadays vet visits for checkup are getting more frequent, helping pets live longer. Talking about the Baron Growth fund, it climbed 12% over the past year, way more than the broader S&P 500’S return. Rosenberg added that the Baron Growth fund invests in pet companies since they have high barriers to entry, strong cash flow and scope to gain market share.
But, why is pet spending increasing these days? It’s because of a particular shift in social norm. In the ninetieth century, the average age for a woman or a man to get married in the United States is between 20 and 23. But now, the average age has gone up to 27 for women and 29 for men. This is particularly because many of them are opting to focus on careers and education in early years of adulthood. Moreover, previously, women had more number of children. For instance, woman had five children on an average in the 1950s, while now they have an average of 2.5. All these show that people are either delaying or completely putting off family planning. Instead, they are choosing to adopt pets.
It’s also worth pointing out that the U.S. fertility rate is currently at an all-time low, leading to people having more number of pets. Naturally, spending on pets is increasing by leaps and bounds. Given such bullish trends, here are few stocks to consider in the booming pet industry.
Merck
Merck & Co., Inc., which provides healthcare solutions, is also known for being an animal health company. The company generated solid revenues of $42.3 billion last year, and a large chunk has come from its pet division with sales of $4.2 billion.
The company has a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for its current-year earnings has moved up 1.9% over the past 60 days. The company’s expected earnings growth rate for the current year is 9.2% compared with the Large Cap Pharmaceuticals industry’s estimated decline of 2.7%. The company has outperformed the broader industry so far this year (+11.5% vs +4.3%).
Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products. The company owns Petsense, a small-box pet specialty supply retailer. There are almost 176 Petsense stores in 26 states in the United States.
The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has risen 0.2% over the past 60 days. The company, which is part of the Retail - Miscellaneous industry is expected to post an earnings growth of 10.5% and 10.7% for the next quarter and current year, respectively. The company has outperformed the broader industry on a year-to-date basis (+27.8% vs +21.4%).
Idexx Laboratories
IDEXX Laboratories, Inc. is the pioneer in pet diagnostics for companion animals. It is known for selling diagnostic machines to vets that has given the company long-term recurring revenues.
The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has moved 2.8% north over the past 60 days. The company, which is part of the Medical - Instruments industry, is expected to register earnings growth of 10.5% and 13.2% in the next quarter and current year, respectively. The company has outperformed the broader industry so far this year (+45.9% vs +17.2%). You can seethe complete list of today’s Zacks #1 Rank stocks here.
CVS Health
CVS Health Corporation may be a healthcare company but it also sells pet foods, toys and grooming tools.
The company has a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for its current-year earnings has moved up 1% over the past 60 days. The company, which is part of the Retail - Pharmacies and Drug Stores industry, is expected to record earnings growth of 4.1% next year. The company has outperformed the broader industry over the past decade (+72.8% vs +62.0%).
More Stock News: This Is Bigger than the iPhone!
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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 reportMerck & Co., Inc. (MRK) : Free Stock Analysis ReportIDEXX Laboratories, Inc. (IDXX) : Free Stock Analysis ReportCVS Health Corporation (CVS) : Free Stock Analysis ReportTractor Supply Company (TSCO) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Is TRACON Pharmaceuticals, Inc.'s (NASDAQ:TCON) Balance Sheet A Threat To Its Future?
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While small-cap stocks, such as TRACON Pharmaceuticals, Inc. (NASDAQ:TCON) with its market cap of US$24m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. Given that TCON is not presently profitable, it’s essential to understand the current state of its operations and pathway to profitability. Let's work through some financial health checks you may wish to consider if you're interested in this stock. Nevertheless, this is not a comprehensive overview, so I recommend youdig deeper yourself into TCON here.
TCON has built up its total debt levels in the last twelve months, from US$7.1m to US$7.7m – this includes long-term debt. With this growth in debt, TCON's cash and short-term investments stands at US$32m to keep the business going. We note it produced negative cash flow over the last twelve months. As the purpose of this article is a high-level overview, I won’t be looking at this today, but you can examine some of TCON’soperating efficiency ratios such as ROA here.
With current liabilities at US$14m, it appears that the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 2.44x. The current ratio is calculated by dividing current assets by current liabilities. For Biotechs companies, this ratio is within a sensible range since there's a sufficient cash cushion without leaving too much capital idle or in low-earning investments.
TCON is a relatively highly levered company with a debt-to-equity of 44%. This is somewhat unusual for small-caps companies, since lenders are often hesitant to provide attractive interest rates to less-established businesses. But since TCON is presently unprofitable, there’s a question of sustainability of its current operations. Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.
Although TCON’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised. This may mean this is an optimal capital structure for the business, given that it is also meeting its short-term commitment. Keep in mind I haven't considered other factors such as how TCON has been performing in the past. I recommend you continue to research TRACON Pharmaceuticals to get a more holistic view of the small-cap by looking at:
1. Future Outlook: What are well-informed industry analysts predicting for TCON’s future growth? Take a look at ourfree research report of analyst consensusfor TCON’s outlook.
2. Historical Performance: What has TCON'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. |
Exclusive: Pemex study details 'severe' air quality impact from Mexican refinery
By David Alire Garcia
MEXICO CITY (Reuters) - A flagship refinery planned by Mexican President Andres Manuel Lopez Obrador would have a "severe" impact on air quality and emissions could spread to nearby towns, according to an environmental study produced by state oil company Pemex and reviewed by Reuters.
Large portions of the environmental impact assessment, which includes hundreds of pages of technical language, were blacked out in more than a dozen documents uploaded to a government website. However, Reuters was able to view an unredacted version.
The report drafted by Petroleos Mexicanos, as Pemex is officially known, was submitted on June 12 to Mexico's oil industry environmental regulator ASEA, which has about three months to review it.
ASEA, whose director is a presidential appointee, could agree with Pemex's findings or it could come to a different conclusion and then order changes to reduce the environmental impacts.
Pemex declined to comment. It referred questions to the energy ministry, which did not respond to messages seeking comment.
The $8 billion refinery, to be located in the Gulf Coast port of Dos Bocas in Lopez Obrador's home state of Tabasco, was a signature campaign promise of the left-leaning energy nationalist.
(Reporting by David Alire Garcia; Editing by Daniel Flynn, Lisa Shumaker and Cynthia Osterman) |
China tariffs may only spark a ‘relatively modest’ decline in S&P 500 earnings: Barclays
Tariffs on imports from China may not have such a dramatic effect on S&P 500 earnings, according to new analysis from Barclays.
“We estimate that while the effect on [2019] S&P 500 (^GSPC) earnings is relatively modest at ~2%, there is substantial variation across sectors, with Consumer Discretionary, Information Technology and Industrials the most affected,” wrote Barclays analysts Maneesh Deshpande and Emmanuel Cau in a note to clients.
The Consumer Discretionary sector could see a more than 7% ding to its 2019 earnings per share, while Information Technology, faces a 6% effect, according to Barclays.
“As for the effect on U.S. corporate profits, the level of international sales is not a good proxy to estimate the effect of tariffs imposed by China on U.S. goods, as what really matters is the level of actual exports and imports,” the analysts wrote, adding that the aforementioned estimates don’t account for possible decreases in CAPEX spending as a result of tariff uncertainty, a dynamic that could affect stock prices.
Still, aside from Barclays’ analysis, S&P 500earnings estimateshave been coming down in recent weeks. For the third quarter, Wall Street is now expecting a 0.3% decline in year-over-year earnings growth, according to FactSet, compared to a prior forecast of a 0.2% gain. The sector that is expected to post the largest decline in earnings is Information Technology.
“Our U.S.-China trade war basket that comprises [of] names that we expect to be affected negatively by the trade war has significantly underperformed recently,” the analysts noted. “More importantly, despite the increased optimism about a potential truce during the G20 meeting, these stocks have not substantially outperformed over the past week.”
Barclays’ base case is for tariffs to be imposed in the remaining $300 billion worth of imports from China, with the likelihood for exemptions.
“The U.S. administration put five more Chinese tech entities on the trade blacklist a week ahead of the [G20] summit,” the analysts wrote, referring to the continued tensions between the two nations.
Read the latest financial and business news from Yahoo Finance
Scott Gamm is a reporter at Yahoo Finance. Follow him on Twitter@ScottGamm.
More from Scott:
• The earnings picture for 2019 is showing more signs of deterioration
• The next rate cut is unlikely to be caused by weak growth, economist explains
• Why Trump should be worried about the stock market selloff
• What the plunging 10-year Treasury yield says about the economy and stock market
• Why one top strategist is bullish on tech even with lingering trade worries
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When Will Tidewater Inc. (NYSE:TDW) Turn A Profit?
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Tidewater Inc.'s (NYSE:TDW): Tidewater Inc. provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. The US$864m market-cap posted a loss in its most recent financial year of -US$171.5m and a latest trailing-twelve-month loss of -US$154.1m shrinking the gap between loss and breakeven. The most pressing concern for investors is TDW’s path to profitability – when will it breakeven? I’ve put together a brief outline of industry analyst expectations for TDW, its year of breakeven and its implied growth rate.
Check out our latest analysis for Tidewater
Consensus from the 3 Energy Services analysts is TDW is on the verge of breakeven. They expect the company to post a final loss in 2019, before turning a profit of US$60m in 2020. So, TDW is predicted to breakeven approximately a couple of months from now! In order to meet this breakeven date, I calculated the rate at which TDW must grow year-on-year. It turns out an average annual growth rate of 109% is expected, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.
Given this is a high-level overview, I won’t go into details of TDW’s upcoming projects, but, take into account that by and large an oil and gas business has lumpy cash flows which are contingent on the natural resource and stage at which the company is operating. This means that a high growth rate is not unusual, especially if the company is currently in an investment period.
Before I wrap up, there’s one aspect worth mentioning. TDW has managed its capital prudently, with debt making up 39% of equity. This means that TDW has predominantly funded its operations from equity capital,and its low debt obligation reduces the risk around investing in the loss-making company.
This article is not intended to be a comprehensive analysis on TDW, so if you are interested in understanding the company at a deeper level, take a look atTDW’s company page on Simply Wall St. I’ve also compiled a list of pertinent aspects you should look at:
1. Valuation: What is TDW worth today? Has the future growth potential already been factored into the price? Theintrinsic value infographic in our free research reporthelps visualize whether TDW is currently mispriced by the market.
2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look atwho sits on Tidewater’s board and the CEO’s back ground.
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. |
Why Pareteum Stock Jumped Thursday
What happened Shares of Pareteum (NASDAQ: TEUM) popped on Thursday, rising as much as 12.5%. At 11:17 a.m. EDT, the stock was up 9.5%. The stock's gain comes as Pareteum responded to short-seller Viceroy Research's scathing criticisms of the cloud-communications platform company earlier this week. A chart showing a stock price moving higher Image source: Getty Images. So what The report by Viceroy followed another short-seller attack by Aurelius Value earlier this month. But Pareteum says claims in both reports are false. "Pareteum Corporation categorically denies all allegations put forth in the short seller reports," it said on its investor relations website on Thursday. "Without giving credence to the reports in detail, we do state the allegations that Pareteum has breached U.S. sanctions against Iran are false." Now what Management remains confident in its business tactics and its underlying momentum. "Despite coordinated attacks designed only for the financial gain of these short sellers," it said, "we remain a dynamic and growing company that stands by the quality of the information reported in our most recent earnings announcements, including the guidance provided for 2019." In the company's first quarter of 2019, it delivered 460% year-over-year revenue growth and adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) of $5.2 million. For the full year of 2019, management expects revenue to rise in a range of 255% to 285% year over year. More From The Motley Fool 10 Best Stocks to Buy Today The $16,728 Social Security Bonus You Cannot Afford to Miss 20 of the Top Stocks to Buy (Including the Two Every Investor Should Own) What Is an ETF? 5 Recession-Proof Stocks How to Beat the Market Daniel Sparks has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . |
Loss-Making Tidewater Inc. (NYSE:TDW) Expected To Breakeven
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Tidewater Inc.'s (NYSE:TDW): Tidewater Inc. provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. With the latest financial year loss of -US$171.5m and a trailing-twelve month of -US$154.1m, the US$864m market-cap alleviates its loss by moving closer towards its target of breakeven. Many investors are wondering the rate at which TDW will turn a profit, with the big question being “when will the company breakeven?” I’ve put together a brief outline of industry analyst expectations for TDW, its year of breakeven and its implied growth rate.
Check out our latest analysis for Tidewater
TDW is bordering on breakeven, according to the 3 Energy Services analysts. They expect the company to post a final loss in 2019, before turning a profit of US$60m in 2020. Therefore, TDW is expected to breakeven roughly a couple of months from now! What rate will TDW have to grow year-on-year in order to breakeven on this date? Using a line of best fit, I calculated an average annual growth rate of 109%, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.
I’m not going to go through company-specific developments for TDW given that this is a high-level summary, but, take into account that typically oil and gas companies, depending on the stage of operation and resource produced, have irregular periods of cash flow. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments.
Before I wrap up, there’s one aspect worth mentioning. TDW has managed its capital judiciously, with debt making up 39% of equity. This means that TDW has predominantly funded its operations from equity capital,and its low debt obligation reduces the risk around investing in the loss-making company.
There are too many aspects of TDW to cover in one brief article, but the key fundamentals for the company can all be found in one place –TDW’s company page on Simply Wall St. I’ve also put together a list of pertinent factors you should further research:
1. Valuation: What is TDW worth today? Has the future growth potential already been factored into the price? Theintrinsic value infographic in our free research reporthelps visualize whether TDW is currently mispriced by the market.
2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look atwho sits on Tidewater’s board and the CEO’s back ground.
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. |
World markets cautious as eyes turn to Trump-Xi meeting
SINGAPORE (AP) — World stock markets were subdued Thursday ahead of a planned meeting between U.S. President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week. In Europe, France's CAC 40 edged 0.2% lower to 5,489 and Germany's DAX picked up 0.2% to 12,272. Britain's FTSE 100 shed 0.3% to 7,397. Wall Street was set for a quiet open, with the future contract for the S&P 500 index adding 0.2% and that for the Dow dipping 0.1%. The Trump-Xi meeting is undoubtedly the economic highlight of the summit, held in Osaka, Japan, on Friday and Saturday. Investors hope the presidents will move toward resolving a trade dispute that has raised business costs and weighed on global financial markets. Trump has said he is prepared to place tariffs on $300 billion more in Chinese products, covering everything China ships to the United States, if the talks with Xi don't end in progress. "The Chinese economy's going down the tubes," he said in an interview with Fox Business Network on Wednesday. "They want to make a deal more than I do." The South China Morning Post, a Hong Kong newspaper, reported Thursday that the threatened tariffs were expected to be delayed, citing sources in Beijing and Washington. On Wednesday, U.S. Treasury Secretary Steven Mnuchin told CNBC that the two nations "were about 90% of the way there" with a trade deal. American and Chinese negotiators have completed 11 rounds of trade talks with no agreement. "Given the unpredictability of President Donald Trump, it would be unwise to be unprepared for a possible scenario where talks descend into disagreements on trade," Lukman Otunuga of FXTM said in a commentary. "A market-friendly outcome will be for both sides to display cooperation and a strong interest in further negotiations to ease trade tensions that have winded the global economy," he added. Markets in Asia earlier climbed on trade optimism. Japan's benchmark Nikkei 225 rose 1.2% to 21,338.17 and the Kospi in South Korea climbed 0.6% to 2,134.32. Hong Kong's Hang Seng was up 1.4% at 28,621.42. The Shanghai Composite jumped 0.7% to 2,996.79 and Australia's S&P/ASX 200 added 0.4% to 6,666.30. Shares rose in Taiwan and throughout Southeast Asia. ENERGY: Benchmark U.S. crude lost 42 cents to $58.96 a barrel. It picked up $1.55 to settle at $59.38 a barrel on Wednesday. Brent crude oil, the international standard, shed 47 cents to $65.22 a barrel. The contract gained $1.41 to $65.69 a barrel in the previous session. CURRENCIES: The dollar rose to 107.93 yen from 107.79 yen late Wednesday. The euro slipped to $1.1367 from $1.1371. |
'Hospital Diversion' Is Perfectly Legal and Putting People at Risk. Here's What You Need to Know
When California resident Mike Robinson woke up in the emergency room in late 2001, he immediately knew something was different. Robinson has severe epilepsy, and this wasn't the first time he'd wound up in the hospital without knowing precisely how he had gotten there. In the past, however, the surroundings were familiar. That's because he had always been taken to the same hospital; his health insurance company at the time had asked him to designate a preferred facility, and he chose the one that his regular healthcare providers were affiliated with. He felt comfortable thereor at least as comfortable as one can feel when coming out of a major seizure. This time, however, he was taken somewhere new. Robinson recalls fading in and out of consciousness in the ambulance and hearing someone say that they were "rerouting." He later learned that when the paramedics radioed his preferred hospital to say they were on the way, they were directed to bring him elsewhere. "It was a Saturday night, and they were overloaded," he tells Health . RELATED: 6 Things That Can Trigger a Seizure Even if You Don't Have Epilepsy The practice of turning away ambulances is known as "ambulance diversion" or "hospital diversion," and it happens in many cities across the country. The typical scenario: A hospital is so jammed with patients that it can't accommodate any more, so administrators decide to declare the ER essentially closed to new patients coming in via ambulance. Paramedics are directed to bypass the facility in favor of another one, and while they aren't required to honor that request, they usually do. Sometimes that switch goes smoothly, but it can also have serious consequences. After waking up in an unfamiliar location, Robinson says that he ended up having to fight off a nurse who was trying to catheterize him (no matter that he was capable of urinating on his own), then argued with a doctor who grilled him about his mental status. The key problem, he says, was that the staff did not initially believe he had epilepsy, despite the fact the he wore a medical ID tag around his neck. Given their typical patient population, they assumed he was a drug addict or having some sort of psychiatric episode. In the meantime, he was not getting the treatment he needed. Story continues Feeling frustrated and worried that his health was in jeopardy, Robinson ripped an IV out of his arm and checked himself out against medical advice. He popped a rescue medication he always carried with him, which prevented him from having a subsequent seizure. Wisconsin resident Tiffany Tate was not as lucky. When she had a stroke in 2014, bystanders assumed the ambulance would take her to the nearest hospital, which happened to be certified as a Comprehensive Stroke Center . But that's not what occurred, because that hospital was on diversion. Tate's ambulance brought her to a different hospital a few miles away that was not properly equipped to treat her, according to USA Today . She was then transferred to yet another hospital, but by the time she arrived hours had passed. That created a dangerous scenario, because when you're having a stroke, starting treatment promptly is crucial. ("Time is brain," is a common saying when it comes to strokes, since the longer you wait to restore normal blood flow, the more brain cells are lost.) Tate eventually died. RELATED: I Was a 26-Year-Old Healthy New Mom When I Suffered a Brain Stem Stroke With No Warning How could this happen? Ambulance diversion is controversial yet perfectly legal, at least in most states. According to federal law , if you walk into a hospital on your own and request emergency care, the hospital is required to stabilize you. Yet there is no such nationwide policy that says hospitals can't instruct ambulances to take patients elsewhere. According to a 2006 study in the Annals of Emergency Medicine , 45% of the emergency departments in the US had gone on diversion status at least once in the previous year. More recently, the Milwaukee Journal Sentinel , who also reported on Tate's story, conducted an investigation of the 25 largest cities in the country and found that 16 of them allow some level of ambulance diversion. Last year, when Rhode Island resident Bob Kumins started having chest pain, his ambulance was diverted away from the closest two hospitals; fortunately, he survived. In 2017, Las Vegas resident Lawrence Quintana died after having a stroke; the ambulance that arrived at his home was diverted from the nearest hospital to a facility 70 miles away. These are just a few examples of patients who've been affected by diversion. No one knows exactly how often diversion occurs, because there's no central organization dedicated to tracking diversion policies. "But I think it's safe to say that it's still relatively common across the country," David Tan, MD, an associate professor of emergency medicine at Washington University School of Medicine in St. Louis and president of the National Association of EMS Physicians, tells Health . The effect diversion has on a given community can also vary widely. In some instances, a hospital might only be on diversion for a short period or on partial diversionsay, because the CT scanner isn't working. In that situation, it might make sense for a hospital to tell EMS not to bring in trauma patients or anyone with a suspected stroke. But it's also possible for a hospital in a highly populated area to go on full diversion status for hours, and the spillover could end up creating a domino effect: One ER reaches maximum capacity, ambulances start bringing patients to the next one until it gets full, then that one goes on diversion, and so on. Pamela Portnoy-Saitta, DO, an emergency room physician in Long Island, New York, admits that diversion can be problematic but notes that it's not a clear-cut issue. "If someone having a stroke goes to the closest hospital [despite it being overcrowded], would she be seen sooner? Maybe," she tells Health . "We have a triage system and stroke patients are suppose to be seen 'first'... but then again, so are trauma patients and those with chest pain and those who are showing signs of sepsis ." (According to the American College of Emergency Medicine , patients who should be seen in less than 14 minutes per guidelines are already often being seen in 37 minutes, due to hospital overcrowding.) A related issue, says Dr. Tan, is that EMS workers can't just drop a patient at the door of the ER and take off. This has become a major problem in Florida, as so-called "wall time" the period in which paramedics are sitting around in hospital hallways with a patient on a stretcher, waiting for hospital personnel to take overhas increased and led to dangerous delays. More EMTs who are stuck babysitting patients in hallways means fewer emergency workers available to attend to the needs of the next person who calls 911. RELATED: 5 Times You Really, Seriously Need to Go to the ER No quick fixes Some cities have decided on their own to get rid of ambulance diversion. "Where I live, in the greater St. Louis area, the hospital presidents got together many years ago and agreed to eliminate it," says Dr. Tan. But he notes that ending diversion, whether by choice or by official mandate, won't happen unless other measures designed to deal with overcrowding are addressed simultaneously. One important key is that most hospitals can't successfully end diversion on their own; coordinated strategies , in which medical centers in the same area work together to solve overcrowding issues, tend to be more effective. How to set the ball in motion? Pressure from the public is one possible starting point. In St. Louis, during peak flu season, "ambulances would literally be driving in circles around the city looking for a hospital to take their patients," says Dr. Tan. "When that hit the news media, the hospital administrators got very embarrassed and said, 'No more.'" Waiting for hospitals to make changes themselves, however, doesn't always work. The Massachusetts Department of Public Health (DPH) spent a decade encouraging hospitals to voluntarily limit diversion, but when that failed, they didn't give up: They declared an official ban. In 2009, Massachusetts became the first state to ban ambulance diversion . The Massachusetts DPH warned hospitals about the new policy 6 months before it was scheduled to go into effect, which provided some time to prepare. The agency also offered advice about how hospitals might reconfigure their current processes in light of the impending change. "DPH made several recommendations to hospitals, including examining internal hospital systems to be certain that they are configured for maximally efficient patient flow," Marita Callahan, director of policy in the DPH's Bureau of Health Care Safety and Quality, tells Health . Hospitals were also urged to "approach the problem of boarding patients as a hospital-wide problem, rather than only a problem in the [emergency department," she says. It's very important to think about hospital overcrowding vs. emergency department overcrowding, adds Dr. Tan. "When hospital throughput has slowed because of overbooked operating rooms, too many elective procedures, etc., we can't move patients out of the ER and admitted to the hospital because it's already full," he explains. RELATED: The Story of the Hospital Staffers Who Took Photos of a Patient's Genitals Raises Questions About Privacy and Security A model for change When Massachusetts' ban went into effect, some concerned parties worried that it would lead to massive increases in overcrowding and wait times in the emergency room. But that isn't what happened: A 2013 study determined that "there was no increase in [emergency department] length of stay or ambulance turnaround at 9 Boston-area [emergency departments.]" Some hospitals even became more efficient at moving patients through the system, researchers reported. Kim Moriarity, RN, director of emergency services at Lawrence General Hospital in Lawrence, MA, tells Health that spending some time identifying the "weakest links" made it much easier to successfully end diversion at her busy hospital than anyone had anticipated. Communication was key. "The emergency room would be drowning [in patients] and nobody else knew," she says. Now when the ER gets crazy, other departments are looped in; nurses who normally work on internal floors are summoned to help in the ER, and any extra beds (such as in the ICU, which Moriarity says is rarely full) get utilized. Lawrence General also hired additional staff and rejiggered schedules to better match the demand. "It sounds unpredictable, and we do have a rogue day here and there, but the number of arrivals [in the ER] per hour per day is pretty steady," says Moriarity. Meanwhile, the hospital changed the standard discharge time: Patients now leave before noon to avoid late-day backups, and everyone focuses on getting patients to where they need to be as quickly as possible. "If you're admitted and going to have surgery this afternoon, we'll send you to the pre-op area now," she says, rather than having you wait in the ER. While hospitals in other states may benefit from implementing similar strategies, an individualized approach is important. "There's no specific prescription for how to solve the problem," says Dr. Tan, because individual hospitals and communities have unique challenges. However, he does believe that it's a issue that canand shouldbe tackled on a local basis: A position statement from the group he leads, the National Association of EMS Physicians, urges hospitals and EMS agencies around the country to explore ways to "limit the time that ambulances are out of service because of diversion or offload delay." At Dr. Tan's hospital in St. Louis, ending diversion went along with some physical changes to the facility: A larger emergency waiting room was created, along with a bigger triage area. The hospital also hired more staff. "I believe it's a best practice model," he says. "Ambulance services and hospitals need to work together to find solutions." To get our top stories delivered to your inbox, sign up for the Healthy Living newsletter |
The Zacks Analyst Blog Highlights: JPMorgan, Wells Fargo, Duke Energy, General Motors and Norfolk
For Immediate Release
Chicago, IL –June 27, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JPMorgan JPM, Wells Fargo WFC, Duke Energy DUK, General Motors GM and Norfolk Southern NSC.
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for JPMorgan, Wells Fargo and Duke Energy
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including JPMorgan, Wells Fargo and Duke Energy. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can seeall oftoday’s research reports here >>>
JPMorgan’s shares have gained +8.2% in the past three months, outperforming the Zacks Major Regional Banks industry’s increase of +3.4%. The bank has an impressive earnings surprise history, having surpassed expectations in three of the trailing four quarters.
The Zacks analyst thinks higher rates, improving loan balance, strong balance sheet (indicated by stress test clearance), opening branches in new markets and focus on strengthening credit card business will support the bank's financials. Expanding its reach into lucrative U.S. healthcare payments market with a deal to acquire InstaMed will aid profitability.
However, dismal mortgage banking performance, mainly due to lower origination volume and increase in competition, is expected to continue hampering fee income growth. The company's significant dependence on capital markets revenues makes us wary and is expected to hurt revenue growth to some extent.
(You canread the full research report on JPMorgan here >>>).
Shares ofWells Fargohave underperformed the Zacks Major Regional Banks industry in the past six months, (+1.4% vs. +11.4%). Its earnings surprise history is satisfactory, having beaten the Zacks Consensus Estimate in two of the trailing four quarters.
The Zacks analyst thinks Wells Fargo's restructuring activities and higher interest income, aided by loan growth, remain a tailwind. Further, ongoing investment in the businesses to enhance compliance and risk management capability bodes well. Recently, the company also cleared the Fed’s 2019 stress test.
However, Wells Fargo has been slapped with several sanctions, including a cap on its asset growth by the Fed. This is an outcome of the CFPB's dissatisfaction with the bank’s slow progress on fixing risk-management issues. Rising expenses due to pending litigation issues and hike in personnel costs curb bottom-line expansion.
(You canread the full research report on Wells Fargo here >>>).
Duke Energy’s shares have outperformed the Zacks Electric Power industry in the past year, gaining +13.3% vs +12.4%. The Zacks analyst likes Duke Energy’s strong focus on expanding its scale of operations and implementing modern technologies at the company’s facilities.
Heavy investments are made in infrastructure and expansion projects. The company expects to invest about $37 billion in its overall growth projects during the 2019-2023 period. This investment plan will drive earnings base growth in the company’s combined electric and gas businesses by approximately 6%, over the next five years.
However, massive debt levels can turn out to be a major headwind for the company. Currently, Duke Energy’s strategy includes generation of cleaner energy, due to which it is anticipated to incur environmental compliance cost of $2.78 billion for the 2019-2023 period. Such costs may dampen its bottom-line growth.
(You canread the full research report on Duke Energy here >>>).
Other noteworthy reports we are featuring today include General Motors and Norfolk Southern.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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 reportNorfolk Southern Corporation (NSC) : Free Stock Analysis ReportDuke Energy Corporation (DUK) : Free Stock Analysis ReportJPMorgan Chase & Co. (JPM) : Free Stock Analysis ReportWells Fargo & Company (WFC) : Free Stock Analysis ReportGeneral Motors Company (GM) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research |
Have Insiders Been Buying Tidewater Inc. (NYSE:TDW) 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 before you buy or sellTidewater Inc.(NYSE:TDW), you may well want to know whether insiders have been buying or selling.
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, such insiders must disclose their trading activities, and not trade on inside information.
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'.
View our latest analysis for Tidewater
In the last twelve months, the biggest single sale by an insider was when the , Quinn Fanning, sold US$532k worth of shares at a price of US$32.00 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$23.02. So it is hard to draw any strong conclusion from it.
Happily, we note that in the last year insiders paid US$860k for 36556 shares. But they sold 20499 for US$622k. In the last twelve months there was more buying than selling by Tidewater insiders. 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!
Tidewater 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.
Over the last three months, we've seen significant insider buying at Tidewater. Overall, eight insiders shelled out US$860k for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook.
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. Tidewater insiders own about US$14m worth of shares. That equates to 1.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Tidewater we think they are probably pretty confident of a bright future. 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.
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. |
Ocasio-Cortez, colleagues probing Gilead over HIV drug donations
TopHouse Democratsare probing an agreement betweenGilead Sciencesand theCenters for Disease Control and Preventionto provide millions of vials of HIV drug Truvada, honing in on whether the patents the U.S. government owns for the treatment influenced the arrangement.
The Foster City, California-based company previously agreed to donate 2.4 million vials of Truvada per year to the CDC, which can cost upwards of $2,000 a month.
But in a letter to CEO Daniel O’Day, House Oversight Chairman Elijah Cummings and colleagues requested information on the pricing for Truvada – also known as PrEP -- and if the donation was connected to who owns the intellectual property for the drug.
“Gilead has taken a position that the government’s patents are not valid. We would like to understand whether these patents played any role in negotiations between the company and the Department of Health and Human Services,” the Maryland Democrat, along with Reps. Alexandria Ocasio-Cortez of New York, Ro Khanna of California and Ayanna Pressley of Massachusetts, wrote.
A Gilead spokesperson said the firm is reviewing the full scope of the request and plans to respond to the committee.
The Democratic quartet is requesting, among other things, all communications with HHS and CDC officials and correspondences related to the pricing of Truvada.
The HIV prevention treatment earned Gilead $3 billion in sales in 2018, but the federal government currently receives no royalties from the drug despite taxpayer dollars footing the bill for the research that led to the new use of the medication.
Critics have called on the CDC to be more aggressive in protecting and earning from the innovations that the private industry discovers using public funds.
Attention on the dispute was heightened when President Trump announced during his State of the Union address that the White House would seek to eradicate HIV/AIDS by 2030.
Public health experts say Truvada, which can reduce the risk for the disease by 99 percent, is a key part of achieving that goal.
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Sen. Kamala Harris, a California Democrat who is running for the party’s nomination in the 2020 election, previously introduced legislation to require insurers to cover the cost of the drug.
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