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PHOTOS: New York City gay pride parade A marcher dressed as a rainbow gestures for the camera during the New York City Pride Parade on Sunday. (Photo: Gordon Donovan/Yahoo News) Tens of thousands of marchers paraded through New York streets Sunday in a huge LGBTQ pride parade, with many proudly carrying rainbow flags or carrying signs. On foot, astride motorcycles or riding on flatbed trucks, participants slowly covered the 2-mile route from Midtown Manhattan to Greenwich Village, where the movement for gay rights was born after the so-called Stonewall riots of 1969. Under a brilliant sun, hundreds of police officers and some of New York’s most prominent politicians — Gov. Andrew Cuomo and Sen. Chuck Schumer, both Democrats — marched cheerfully alongside participants, some of the latter in the scantiest of outfits. (AFP) Photography by Gordon Donovan /Yahoo News See more news-related photo galleries and follow us on Yahoo News Photo Twitter and Tumblr . Participants are ready with rainbow colored flags for a hot day at the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) People wait for the start of the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) The Heritage of Pride march the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) Women ride motorcycles during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) People dance with rainbow flags during the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) People wave rainbow flags on top street posts during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) Women ride motorcycles during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) The Heritage of Pride march the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) Women riding motorcycles waved rainbow colored flags during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) A marcher carries a sign in support of gay rights during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) Supporters of Pride for Orlando march the N.Y.C. Pride Parade in New York on June 25, 2017. (Photo: Gordon Donovan/Yahoo News) Marchers wave rainbow flags during the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) The rainbow color flag is draped over 5th Ave. during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) Performers entertain crowds during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) A man waves a rainbow flag during the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) People wave rainbow flags during the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) New York Senator Chuck Schumer marches in the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) Confettii is shot into the air to at the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) The Italian LGBTI Association carry a banner and wave flags during the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) People wave rainbow flags during the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) Members of Nordics for Equality march in the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) A performer in drag entertains crowds during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) A marcher dressed as a the Statue of Liberty gestures for the camera during the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) New York Governor Andrew Cuomo marches in the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) People wave rainbow flags during the NYC Pride Parade in New York, Sunday, June 30, 2019. (Gordon Donovan/Yahoo News) Attorney General Letitia James marches in the N.Y.C. Pride Parade in New York on June 30, 2019. (Photo: Gordon Donovan/Yahoo News) _____ Read more from Yahoo News: Former top U.S. diplomat deplores policy toward Iran 'untethered to any coherent strategy' Pentagon secretly struck back against Iranian cyberspies targeting U.S. ships Trump admits his Cabinet had 'some clinkers' For Dems, there's no chickening out at Clyburn's fish fry Chore wars: Are men doing enough housework? PHOTOS: Moon rock samples sealed since Apollo missions
NBA Free Agency: Danny Green waiting on Kawhi Leonard before considering Mavericks May 30, 2019; Toronto, Ontario, CAN; Toronto Raptors guard Danny Green (14) reacts with forward Pascal Siakam (43) during the fourth quarter against the Golden State Warriors in game one of the 2019 NBA Finals at Scotiabank Arena. Mandatory Credit: John E. Sokolowski-USA TODAY Sports The Toronto Raptors are going to have their work cut out for them to secure the services of Danny Green for at least another season if Kawhi Leonard leaves. ESPN’s Tim MacMahon reported that Green has been a prime target of the Dallas Mavericks but that the sharpshooting guard would prefer to wait on Leonard’s decision before making a commitment. Earlier in the day, Harrison Sanford of ‘Inside the Green Room with Danny Green,’ reported that one of the league’s premier 3-and-D players will listen to free agent pitches from the Los Angeles Lakers, Philadelphia 76ers, Chicago Bulls, Dallas Mavericks, Houston Rockets and New York Knicks, in addition to the Raptors. Sanford also reported that more teams could be in the mix depending on other free agent decisions and how the money gets spread accordingly. He also reported that Green finished a phone call with the Los Angeles Clippers . Green played a vital role in Toronto’s championship season, finishing second in the league in three-point shooting at a 45.5 percent clip while playing excellent defence. The 32-year-old told HoopsHype earlier this week he would seek as much money and years as possible if things weren’t to work out with the Raptors. “If Toronto brings everyone back, I think we have a really good shot of coming out of the East again,” Green said. “So why would I not want to be there? [If the Raptors can’t bring everyone back], there are going to be other teams who are in the running and I want to see what those situations are. “Obviously, I want to maximize on the dollar, but I also want to maximize on the situation.” With 40 percent of the league’s players free agents, it’s hard to speculate what kind of cap room teams would have to offer once the major players have landed, but the Knicks, Bulls and Mavericks appear to be the only teams listed that would be able to offer a significant amount of money and years heading into free agency. More Raptors coverage from Yahoo Sports
Harris surges to third place in national poll after debate The number of Democratic primary voters who pick Kamala Harris as their first choice for president doubled after the first Democratic debates, vaulting the California senator into a third-place tie in a new poll. The latest Morning Consult survey found Harris increased her standing to 12 percent in the poll , which was taken after the debate ended through Friday, up 6 percentage points over the previous week. Harris upswing came after she confronted Joe Biden over his history opposing school busing for desegregation, a dramatic moment that dominated news coverage afterward. Harris hadnt moved much since entering the race on Martin Luther King Jr. Day while two rival Democrats, South Bend Mayor Pete Buttigieg and Sen. Elizabeth Warren passed Harris. After the debate, Harris pulled ahead of Buttigieg and into a tie with Warren. Harris surge, which also netted her more than $2.5 million in donations as the second-quarter deadline approaches, came largely at Bidens expense, the poll found. The former vice president, who maintains a large lead over the field at 33 percent, took the biggest post-debate hit, dropping 5 points after the Miami exchange over race and busing to end desegregation. Sen. Bernie Sanders held steady in second at 19 percent, but the poll found he was the only major candidate to see a measurable drop in his favorability, which fell 7 points, to 67 percentage, since the previous Morning Consult survey.
What Are Analysts Saying About Z Energy Limited's (NZSE:ZEL) Growth? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Since Z Energy Limited (NZSE:ZEL) released its earnings in March 2019, it seems that analyst expectations are fairly bearish, as a 7.5% rise in profits is expected in the upcoming year, against the higher past 5-year average growth rate of 38%. Presently, with latest-twelve-month earnings at NZ$188m, we should see this growing to NZ$202m by 2020. I will provide a brief commentary around the figures and analyst expectations in the near term. For those interested in more of an analysis of the company, you canresearch its fundamentals here. See our latest analysis for Z Energy The 6 analysts covering ZEL view its longer term outlook with a positive sentiment. Generally, broker analysts tend to make predictions for up to three years given the lack of visibility beyond this point. I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of ZEL's earnings growth over these next few years. By 2022, ZEL's earnings should reach NZ$219m, from current levels of NZ$188m, resulting in an annual growth rate of 5.7%. EPS reaches NZ$0.55 in the final year of forecast compared to the current NZ$0.47 EPS today. With a current profit margin of 3.4%, this movement will result in a margin of 4.1% by 2022. Future outlook is only one aspect when you're building an investment case for a stock. For Z Energy, there are three important aspects you should look at: 1. Financial Health: Does it have a healthy balance sheet? Take a look at ourfree balance sheet analysis with six simple checkson key factors like leverage and risk. 2. Valuation: What is Z Energy 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 Z Energy is currently mispriced by the market. 3. Other High-Growth Alternatives: Are there other high-growth stocks you could be holding instead of Z Energy? Exploreour interactive list of stocks with large growth potentialto get an idea of what else is out there you may be missing! We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Facebook's Libra hasn't launched, but big banks are already taking notice Facebook has only just revealed its far-reaching cryptocurrency plans, but Libra is already prompting global financial institutions to take action. Central banks are reportedly becoming more interested in the idea of creating their own digital currencies following Facebook's Libra reveal, as evidenced by new comments from the head of the Bank for International Settlements (BIS), As the bank used by central bankers. BIS is, in thewords of Quartz, among the "the stodgiest of stodgy institutions." But BIS bank head Agustín Carstens now says central banks have to take digital currency much more seriously as a result of Facebook's move.Read more... More aboutTech,Facebook,Libra,Cryptocurrency, andTech
Ethereum transaction volumes at 17-month high; surpasses 1 million daily transactions Ethereum transactions areat their highestin over a year, surpassing 1 million transactions per day on Friday according toEtherscan.io. Ethereum's daily transaction volumes have been steadily increasing since the start of this year, although it is still shy of its peak of 1.3 million January 2018. Source: Etherscan
Need Student Loans for the Fall? Start the FAFSA Now -- Here's How The FAFSA for the 2019–20 school year is available now. It's time to start applying for financial aid. Image source: Getty Images The Free Application for Federal Student Aid (FAFSA) is a must-do for U.S. college and university students. It’s the first step toward getting student loans, as well as other federal, state, and college-specific scholarships and grants. The FAFSA for the 2019–20 school year has been available since Oct. 1, 2018. So you can fill it out right now. TheFAFSA deadlineis still a ways off. To be considered for federal student aid, you need to submit the FAFSA by midnight CST on June 30, 2020. But if you need financial aid before the fall 2019 semester, you should submit it long before then. It’s also important to mention that this is just the federal deadline. Many states have their own financial aid programs, including grants and scholarships, with their own deadlines. A few have already passed, but there are some in June.Check this documentto find your state’s deadlines for the 2019–20 school year. Your school may have its own financial aid programs with different deadlines, too. In a nutshell, the best time to fill out the FAFSA for the 2019–20 school year isas soon as you possibly can. Even if you’ve missed your state’s deadlines, it’s not too late to fill out the FAFSA. You can still qualify for federal aid, and some programs give out aid on a first-come, first-served basis. It’s still important to get the form in sooner rather than later. The FAFSA is best-known as the first step towardgetting federal student loans and grants. It’s required to qualify for federal student loans like Direct Subsidized Loans, Direct Unsubsidized Loans, and PLUS Loans. The information in your FAFSA can also qualify you for need-based financial aid like Federal Pell Grants. However, that could be just a starting point. Many states, colleges, and universities have their own scholarship and grant programs. The FAFSA is a requirement for consideration in these programs. It’s also important to mention that the FAFSA isn’t a one-time requirement. To continue qualifying for financial aid, you’ll need to fill out a new FAFSA every year. The easiest way to complete the FAFSA is on theFederal Student Aid website. You can also use the myStudentAid mobile app oniOSorAndroid. There’s a forecaster tool that estimates your eligibility for federal student aid, too. Before you start, it’s a good idea tocreate a Federal Student Aid ID, which allows you to sign your FAFSA electronically and expedite its processing. One of your parents will need an ID if you’re a dependent student (this is determined as you’re filling out the FAFSA). You’ll also need to list at least one school to receive your eligibility information. If you haven’t decided which college you’ll attend, you can list up to 10 in the online application. To complete the form, you’ll need your • Social Security number, • driver’s license number, • recent tax returns (the FAFSA can automatically transfer these from the IRS), and • balances of bank and investment accounts. Dependents will need this information for their parents, as well. Filling out the FAFSA can be a lot of work, and that might make you put it off. But don’t wait to get started -- completing the form can take a while, and it’s crucial to hit those deadlines. If you haven’t started, it’s not too late. Head to the Federal Student Aid website and get started! The Motley Fool owns and recommends MasterCard and Visa, and recommends American Express. We’re firm believers in the Golden Rule. If we wouldn’t recommend an offer to a close family member, we wouldn’t recommend it on The Ascent either. Our number one goal is helping people find the best offers to improve their finances. That is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Jobs report — What to know in the week ahead This week will be a condensed week as markets will close early on Wednesday and be closed Thursday in observance of the Independence Day holiday. The first half of this year is officially over, and it was a record breaking half for the markets. It was the best first half of the year for the S&P 500 (^GSPC) since 1997, the Dow (^DJI) posted its best half since 1999 and the Nasdaq (^IXIC) had it best half since 2003. Meanwhile, President Donald Trump and President Xi Jinping’s high-stakes meeting at the G20 in Osaka, Japan ended with some good news.The two leaders agreed to continue trade negotiations, and President Trump said that he would hold off on imposing the additional tariffs on the remaining $300 billion worth of Chinese goods. Trump also agreed to allow U.S. companies to sell its products to Chinese tech giant Huawei. The goodwill gesture should alleviate some of the pressure on American companies, such as semiconductor producers. Companies such as Broadcom (AVGO) said that the Huawei ban would ultimately shave off about $2 billion from its revenue. However, the truce reached between the U.S. and China will at least temporarily relieve the financial impact on both U.S. and Chinese companies. “The progress made today by President Trump and President Xi in Osaka is good news for the semiconductor industry, the overall tech sector, and the world’s two largest economies,” said John Neuffer, president & CEO of the Semiconductor Industry Association (SIA). “We are encouraged the talks are restarting and additional tariffs are on hold and we look forward to getting more detail on the president’s remarks on Huawei.” The SIA represents about 95% of the U.S. semiconductor industry. Though it is a short week ahead, critical economic data is set to be released. Now that the trade war is at least back on track toward a deal, the data released this week will play an even more crucial role for the Federal Reserve and its decision for a rate cut. First, the ISM manufacturing and PMI manufacturing data on Monday will provide further clues on the struggling manufacturing sector. “Given the outcome of the regional manufacturing surveys, there is a real risk that we see a sub-50 outcome, which will only increase fears of a US economic downturn,” ING wrote in a note to clients Friday. In addition, recent data showed that consumer confidence is declining. According to data released by the Consumer Board last week, consumer confidence is at its lowest level since September 2017. Thus, the June car sales that will be released on Tuesday should also provide some additional insight into both the health of manufacturing and the U.S. consumer. Friday’s June jobs report will be the highlight of the week. The jobs report is always an important event; however, this week’s release will be more heavily scrutinized than normal. It comes on the back of a sharply lower-than-expected May report, and on the heels of a dovish FOMC meeting in which policymakers indicated that the central bank is leaning towards a rate cut ahead. “The Fed is focused on employment growth and what that is telling them about the extent of the economic slowdown currently underway,” Capital Economics wrote in a note Thursday. Economists expect the U.S. economy to have added 160,000 nonfarm payrolls in June, and for the unemployment rate to have held steady at 3.6%, according to data compiled by Bloomberg. “Trend job gains are slowing after years of strong performance, but the data in May appeared to overshoot to the downside,” Credit Suisse wrote Thursday. “We expect a modest rebound in June, with headline payrolls growth of 140K. The labor market should be insulated from an ongoing global growth slump, but risks are to the downside in the medium term.” Monday:Markit U.S. Manufacturing PMI, June (50.1 prior); ISM Manufacturing, June (51.2 expected, 52.1 prior); ISM Prices Paid, June (53.2 prior); Construction Spending month-on-month, May (0.0% expected, 0.0% prior) Tuesday:Wards Total Vehicle Sales, June (17 million expected, 17.3 million prior) Wednesday:MBA Mortgage Applications, week ended June 28 (1.3% prior); ADP Employment Change, June (140,000 expected, 27,000 prior); Trade Balance, May (-$52.5 billion expected, -$50.8 billion prior); Initial Jobless Claims, week ended June 29 (220,000 expected, 227,000 prior); Continuing Claims, week ended June 22 (1.688 million prior); Bloomberg Consumer Comfort, week ended June 30 (63.6 prior); Markit U.S. Services PMI, June (50.7 prior); Markit U.S. Composite PMI, June (50.6 prior); Durable Goods Orders, May (-1.3% prior); Factory Orders, May (-0.1% expected, -0.8% prior); ISM Non-Manufacturing Index, June (56.0 expected, 56.9 prior) Thursday: Markets closed in observance of Independence Day Friday:Change in Nonfarm Payrolls, June (160,000 expected, 75,000 prior); Change in Manufacturing Payrolls, June (1,000 expected, 3,000 prior); Unemployment Rate, June (3.6% expected, 3.6% prior) Monday:N/A Tuesday:N/A Wednesday:N/A Thursday: Markets closed in observance of Independence Day Friday:N/A
Bodies of Salvadoran migrants return home after harrowing border deaths By Nelson Renteria LA HACHADURA, El Salvador (Reuters) - The corpses of a Salvadoran father and his 23-month-old daughter, whose bodies lying face down in the Rio Grande became symbols of the perils of illegal immigration to the United States, were returned to their homeland on Sunday. A stark photo of the dead Oscar Martinez, 25, and his daughter Angie Valeria floating near the bank of the river ignited fresh criticism of U.S. President Donald Trump's tough policies on undocumented migrants entering the United States via Mexico. Martinez and his family had left El Salvador in April, hoping to find work in the United States. But their dream unraveled last Sunday when they tried to cross the river that separates northeast Mexico from the United States. Traveling in a convoy of government vehicles and white vans from a funeral home, the bodies of the drowned migrants left Mexico for El Salvador, where they are due to be buried on Monday. Interior Minister Mario Duran accompanied the remains but did not speak to reporters. Amid a large police presence, Reuters saw the convoy entering El Salvador at around 8:19 a.m. local time through the border crossing of La Hachadura on the frontier with Guatemala. The family will hold a private funeral service in La Bermeja cemetery in San Salvador on Monday. The searing image of the prone Martinez with the toddler tucked under his black t-shirt has drawn comparisons to a 2015 photo of Aylan Kurdi, a three-year-old Syrian refugee, whose body washed up on the shores of the Mediterranean. (Reporting by Nelson Renteria; Editing by Dave Graham and Sandra Maler)
Should You Worry About Mercury NZ Limited's (NZSE:MCY) CEO Pay? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! In 2014 Fraser Whineray was appointed CEO of Mercury NZ Limited (NZSE:MCY). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Then we'll look at a snap shot of the business growth. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. This process should give us an idea about how appropriately the CEO is paid. Check out our latest analysis for Mercury NZ At the time of writing our data says that Mercury NZ Limited has a market cap of NZ$6.3b, and is paying total annual CEO compensation of NZ$1.8m. (This figure is for the year to June 2018). We think total compensation is more important but we note that the CEO salary is lower, at NZ$1.1m. We examined companies with market caps from NZ$3.0b to NZ$9.5b, and discovered that the median CEO total compensation of that group was NZ$2.0m. So Fraser Whineray is paid around the average of 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 a visual representation of the CEO compensation at Mercury NZ, below. Mercury NZ Limited has increased its earnings per share (EPS) by an average of 16% a year, over the last three years (using a line of best fit). In the last year, its revenue is up 9.7%. Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's also good to see modest revenue growth, suggesting the underlying business is healthy. You might want to checkthis free visual report onanalyst forecastsfor future earnings. Boasting a total shareholder return of 88% over three years, Mercury NZ Limited has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size. Fraser Whineray is paid around the same as most CEOs of similar size companies. Few would be critical of the leadership, since returns have been juicy and earnings per share are moving in the right direction. Indeed, many might consider the pay rather modest, given the solid company performance! Shareholders may want tocheck for free if Mercury NZ insiders are buying or selling shares. Of course,you might find a fantastic investment by looking elsewhere.So take a peek at thisfreelist of interesting companies. 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.
Star Wars star says racists kicked him off flight Riz Ahmed (Photo by Karwai Tang/WireImage) Riz Ahmed, who played pilot Bhodi Rook in 2016’s Rogue One: A Star Wars Story , says racial profiling got him removed from a flight last year, according to The Hollywood Reporter. Ahmed shared his story during a summit held by talent group Creative Artists Agency last week, saying Homeland Security blocked him from boarding a Chicago-bound flight and forcing him to miss a scheduled appearance in April for a Star Wars Celebration. “[Hasan Minhaj] can win a Peabody, I can win an Emmy, Ibtihaj Muhammad can go to the Olympics, but some of these obstacles are systemic, and we can’t really face them alone, we need your help,” he told the audience. “I’m basically here to ask for your help, because it’s really scary to be a Muslim right now, super scary. I’ve often wondered, is this going to be the year when they round us up, if this is going to be the year they put Trump’s registry into action. If this is going to be the year they ship us all off.” President Trump endorsed a registry, or outright ban, of Muslim immigrant s after being asked about the notion during his 2016 campaign, but later denied that he was considering it. Ahmed is an Emmy winner for his role in the HBO limited series The Night Of . The actor’s post- Star Wars roles include Sony’s blockbuster Venom . Next up for the actor is film projects The Sound of Metal and Mughal Mowgli . Read more on Yahoo Entertainment: Kris Humphries says short-lived marriage to Kim Kardashian was '100 percent real' Kanye West's exclusive Sunday Service is the hottest ticket in town Kardashian 'momager' Kris Jenner reveals how much her daughters make for social media posts Want daily pop culture news delivered to your inbox? Sign up here for Yahoo Entertainment & Lifestyle’s newsletter. View comments
Steve Carell Proposes The Office and It's Always Sunny Crossover in Response to Rob McElhenney Two of Pennsylvania’s most famous fictional residents are teasing talk of a crossover. The Office and It’s Always Sunny in Philadelphia are both beloved fan favorite comedies, with the former focusing on an eccentric group of office workers in Scranton, and the latter about a dysfunctional group of bar owners in Philadelphia. Sunny star and co-creator Rob McElhenney sent Office fans into a tizzy last week when he revealed his series was filming outside the building used in The Office as the location of the fictional Dunder Mifflin Paper Company. “So apparently this is Dunder Mifflin, I guess, where they shot The Office ,” he said in an Instagram video outside the Chandler Valley Center Studios in Panorama City, California. “Wasn’t 100 percent sure of that, but they’re gone now, they’re off the air. And now you got… sorry, [Steve] Carell. You got these guys now.” The video then panned to Sunny star Danny DeVito , who was standing pantsless in his trailer, and costar Charlie Day. Dia Dipasupil/Getty Images; Jon Kopaloff/FilmMagi View this post on Instagram The bar inside Dunder Mifflin is now called Paddy’s. A post shared by RobMcElhenney (@robmcelhenney) on Jun 27, 2019 at 8:32am PDT “Sorry, I guess your show got canceled or whatever, but we’re still doing ours. So we’re doing it here,” McElhenney said, captioning his post, “The bar inside Dunder Mifflin is now called Paddy’s.” RELATED: The Office Is Leaving Netflix in January 2021 for the Upcoming NBC Streaming Platform The Office aired on NBC from 2005-13, while Sunny premiered on FX in 2005 and is currently filming its 14th season. McElhenney tagged nearly the entire Office cast in his video, and soon, star Steve Carell , who played regional manager Michael Scott, took notice. Rob, this blood feud has to end. "It's Always Sunny in Scranton". Thoughts? @RMcElhenney https://t.co/12Dh6GopKU — Steve Carell (@SteveCarell) June 28, 2019 “Rob, this blood feud has to end. ‘It’s Always Sunny in Scranton.’ Thoughts?” Carell wrote on Twitter. Story continues McElhenney quickly responded with a joking acceptance of Carell’s offer, writing back, “SCRANTON IS ONLY A HUNDRED AND TWENTY MILES AWAY FROM PHILADELPHIA. THIS WORKS. WHO WANTS IT MORE – @fxnetworks @nbc @netflix @hulu?? The bidding shall begin at five hundred million dollars.” SCRANTON IS ONLY A HUNDRED AND TWENTY MILES AWAY FROM PHILADELPHIA. @SteveCarell THIS WORKS. WHO WANTS IT MORE - @fxnetworks @nbc @netflix @hulu ?? The bidding shall begin at five hundred million dollars. https://t.co/PWsgfnhaul — Rob McElhenney (@RMcElhenney) June 28, 2019 The actor’s suggestion sat well with actress Angela Kinsey , who played stuffy accountant Angela Martin on The Office . “I think we all need this. Sign me up for the bitchy blonde. 😉,” she wrote. Of course, her suggestion was met with a casting clash, as Sunny already has a resident “bitchy blonde” in Kaitlin Olson, McElhenney’s real-life wife who plays Dee Reynolds. “Um… s-. @kaitlinolson do you want to tell her?” he replied. Rob McElhenney, Danny DeVito, Kaitlin Olson, Glenn Howerton in It's Always Sunny in Philadelphia \| Patrick McElhenney/FXX Actress and screenwriter Jillian Bell also offered her services as a producer, while fans chimed in with crossover episodes they’d like to see, including the Paddy’s gang trying to win a Dundee award, Dennis Reynolds being revealed as the Scranton Strangler and Michael using the D.E.N.N.I.S. system to pick up women. RELATED: The Stars of The Office: Where Are They Now? For those keeping track, The Office actors Oscar Nuñez and Mindy Kaling have both guest-starred on It’s Always Sunny . McElhenney later referenced the show a second time in an Instagram story that called out fans who criticized him for saying The Office had been canceled in his initial video. Rainn Wilson and Steve Carell in The Office \| Justin Lubin/NBC/NBCU Photo Bank/Getty “About 250,000 Office fans were very upset with me when I said that The Office was canceled, but facts are facts, you know, and there’s nothing I can do about that,” he said. “Oh. Um, apparently The Office was not canceled and they bowed out gracefully, I guess, when they realized that they had done their best work… Well, yeah, I guess that means that they didn’t get canceled, but it does make them quitters. So there’s that. I guess that’s just a bunch of quitters with artistic integrity. But they’re quitters.” The Office is set to leave Netflix in January 2021 to stream exclusively on NBC’s upcoming streaming platform, which is expected to launch next year.
Looks like Rob Gronkowski is definitely retired Rob Gronkowski has slimmed down considerably from his playing days. (@ShoSports) If there was any lingering question about whether Rob Gronkowski plans a last-minute return to the NFL in 2019, the chances appear to have dropped significantly. Right along with his weight, apparently. In the clearest sign yet — aside from Gronkowski repeatedly insisting he is retired — the former New England Patriots tight end popped up for the premiere of Showtime’s “100 percent: Julian Edelman” premiere looking like he’d slimmed down considerably from his 270-pound playing weight during the season. Gronkowski briefly appeared on the red carpet for the documentary’s debut at Foxborough’s Showcase Cinema de Lux — a movie theater located inside owner Robert Kraft’s Patriot Place retail complex. Wearing gray shorts and a white T-shirt, Gronkowski mugged for cameras for a moment, showing off a physique that looked significantly more trimmed down than his playing days. So much so, it started a miniature wildfire on Twitter over the photos and video that emerged — including some snarky comments about where some of the muscular bulk went to so quickly. “Must be on a different #TB12 program now,” tweeted former NFL team doctor David Chao, who has earned a sizable social media following for his ability to diagnose injuries almost instantaneously on the platform. Must be on a different #TB12 program now. https://t.co/ykesHFGpOB — David J. Chao (@ProFootballDoc) June 30, 2019 Intended or not, that appears to be a little shot at Gronkowski being one of the prominent Patriots who were followers of Brady’s less-than-conventional TB12 health regimen. Gronkowski has also been known to be a client of Brady’s trainer Alex Guerrero, who has been a somewhat controversial figure around the franchise due to his medical and training influence over players. Story continues Of course, muscle atrophy (or even simple weight loss) naturally happens to some NFL players that are Gronkowski's size, partly because some players have to work to keep their weight up to a level that makes them durable during the season. Often, players in the 270- to 300-plus pound range have to work to maintain their playing bulk. And when they leave, some of that weight or muscle mass can change quickly. What makes this particular weight loss so relevant for Gronkowski's future is that it's more difficult to quickly and conventionally add back a significant amount of good weight or muscle mass, particularly if you're a player who had to work to keep that weight on in the first place. Gronkowski also isn’t the first NFL player experiencing some noticeable changes in his physique since leaving the game. Former Cleveland Browns left tackle Joe Thomas lost nearly 50 pounds in the first year after he left the league — turning his body into a chiseled frame that looks more like that of a linebacker who is moonlighting as a bodybuilder. Thomas said he achieved the results through a lot of hard work and some big dietary changes in his first year out of the league. Time will tell where Gronkowski decides to go from here. But for now, at least two things are evident. First, as we expected, he’s clearly enjoying his retirement thus far — having popped up at multiple social affairs this offseason while reiterating that he intends to remain retired. And second, the latest photos from suggest Gronkowski is illustrating the physical changes that show he’s committed to the message: He’s not coming back anytime soon (if ever), folks. More from Yahoo Sports: World Cup reveals source of strength for Rapinoe, USWNT Knicks in play for big free agents but determined to build right Mets put living players in ‘In Memoriam’ montage USWNT leaves Trump, France behind, focuses on England
A.O.C. slams Piers Morgan for mocking her former job as a bartender U.S. Rep. Alexandria Ocasio-Cortez (Photo by Drew Angerer/Getty Images) U.S. Representative Alexandria Ocasio-Cortez slammed British journalist Piers Morgan after he mocked the her former job bartending while defending Ivanka Trump for traveling to the G-20 summit. Morgan responded to a tweet Ocasio-Cortez posted late Saturday criticizing why the First Daughter and her husband, Jared Kushner — both unpaid White House advisers — attended the meeting of world leaders in Japan last week. Could be worse... Ivanka could have been a bar-tender 18 months ago. https://t.co/xAj8Guc3hH — Piers Morgan (@piersmorgan) June 30, 2019 ”Could be worse … Ivanka could have been a bar-tender 18 months ago,” Morgan, the former “America’s Got Talent” judge and “Celebrity Apprentice” contestant wrote. Actually, that would make government better - not worse. Imagine if more people in power spent years of their lives actually working for a living. We’d probably have healthcare and living wages by now. https://t.co/HoxIyu6ftj — Alexandria Ocasio-Cortez (@AOC) June 30, 2019 Ocasio-Cortez wasted no time responding to Morgan’s dig with a tweet of her own, opining that, “Actually, that would make government better – not worse.” “Imagine if more people in power spent years of their lives actually working for a living,” she continued. Other responses to Morgan’s tweet were equally scathing, with many pointing out Ocasio-Cortez is an elected official chosen by voters to represent them in Washington, while the President’s children are not. Good point, Piers. Remember when the people elected Trump’s kids and in-laws? — Ryan J. Downey (@ryandowney) June 30, 2019 Nice ratio you got goin' on here Piers. AOC was elected, Ivanka was not. AOC does her homework, Ivanka, by all the video evidence we've seen does not. AOC worked her way to the top, Ivanka did not. Any questions? — Andrea R MD (@AndreaR9Md) June 30, 2019 Many pointed out that bartending is an honest living and wondered why Morgan was degrading A.O.C. for having a job. Story continues Actually, bartending is a career and has requisite qualifications that are relevant to a myriad of issues. Just being someone’s daughter is neither a career nor does it have any qualification requirement. There’s dignity in labor so stop the condescension. — Michael Kwabo (@mkwab0) June 30, 2019 We get it, you hate working people. — Dr. Teacher Voice (@profesoralatina) June 30, 2019 Ocasio-Cortez took issue with Trump’s daughter, Ivanka, for appearing at the G-20 summit with her father and husband Jared Kushner. “It may be shocking to some, but being someone’s daughter actually isn’t a career qualification,” Ocasio-Cortez wrote on Twitter . “It hurts our diplomatic standing when the President phones it in & the world moves on. The US needs our President working the G20. Bringing a qualified diplomat couldn’t hurt either.” In a video Ocasio-Cortez shared, Ivanka is seen attempting to participate in a discussion alongside French President Emmanuel Macron, British Prime Minister Theresa May, and Canadian Prime Minister Justin Trudeau. Also present is Christine Lagarde, Managing Director of the International Monetary Fund, who appears to disregard Trump’s attempts to join in on the conversation. Read more from Yahoo Lifestyle: Melania Trump is noticeably absent from the G-20 summit photos: ‘Was she at the spa?’ Alexandria Ocasio-Cortez supports #WayfairWalkout: 'This is what solidarity looks like' Alexandria Ocasio-Cortez slams 'card-carrying and flag-waving racists' Follow us on Instagram , Facebook , and Twitter for nonstop inspiration delivered fresh to your feed, every day.
Pain patients left in anguish by doctors 'terrified' of opioid addiction, despite CDC change New York resident Mickey Saxbury worked on a General Motors assembly line for 25 years before sharp, throbbing back pain from an on-the-job injury forced him to retire. A back operation failed. A device to block his pain gradually became ineffective. The only thing that’s consistently worked, he says, is pain medication. A judge overseeing his New York State Workers Compensation Board disability case ordered that his opioids be sharply reduced. “They dropped me so far down that I can’t even get off the couch anymore,” said Saxbury, 61, who lives near Buffalo. Chronic pain patients such as Saxbury say the medical community is shutting them out. The Centers for Disease Control and Prevention issued guidelines in 2016 to cut back prescriptions after years of liberal opioid dispensing contributed to addiction and overdose deaths. Those guidelines influenced more than doctors: State regulators, health insurers and even disability administrators have cited the federal guidelines to justify policies that limit pain pill prescriptions. Last month, the CDC clarified its position, saying the response to the opioid crisis went too far. In a New England Journal of Medicine editorial, a panel of experts cited examples such as inflexible thresholds on dosages, abrupt tapering and misapplication of the guidelines for people with cancer, sickle cell disease or recovering from surgery. Dr. Joshua Sharfstein, a former health secretary of Maryland and health commissioner of Baltimore, said he supports how the CDC's clarified guidelines reconcile the risk of opioids with their need. "The right thing is to follow that balance," said Sharfstein, a professor and vice dean at Johns Hopkins Bloomberg School of Public Health. The guidelines "shouldn’t be used as a kind of cudgel to reduce appropriate prescribing." Chronic pain sufferers 'between a rock and a hard place' Chronic pain patients questioned whether the revised policy would bring them relief. Story continues Saxbury took a powerful opioid, oxycodone, to manage throbbing lower back pain that radiates down his left leg. His prescription remained steady for several years: 30-milligram pills, four times each day. The New York State Workers Compensation Board, which oversees his case, tapped a medical expert to review Saxbury's medical chart. The expert, Dr. Chris Grammar, who never physically examined Saxbury, concluded he was being prescribed unsafe levels of opioids. In his report to the New York board, Grammar cited the state's non-acute pain medical treatment guidelines and CDC data on overdose deaths linked to opioid prescriptions. He said Saxbury's pain doctor's high-dose opioid prescriptions are "no longer supported." "This is not to be critical of his treating physician as this approach is relatively new," Grammar wrote. "However, in the absence of functional improvement, this patient is undergoing extraordinary risk with little benefit." A judge agreed and ordered Saxbury's pain medication reduced. Based on the judge's decision, Saxbury said, his doctor cut his daily pain prescription by half. He cannot muster the energy or tolerance to do many daily activities. His planned move to Arizona to escape a cold climate that makes his pain worse and live near family seems more daunting than ever. Saxbury said he has unsuccessfully pleaded with his doctor to reconsider the pain pill reduction. "My pain management doctor said they cannot give me the medication because they could lose their license," Saxbury said. "I'm between a rock and a hard place." Grammar declined to discuss the specifics of Saxbury's case with USA TODAY. In general, he said, medical evidence does not support long-term opioid use for chronic pain patients. He said pharmaceutical companies such as OxyContin maker PurduePharma have not proved in medical studies that long-term opioid use alleviates chronic pain. "With few exceptions, the patients are innocent," Grammar said. "They're not writing the prescriptions." State laws created a 'chilling effect' on pain prescriptions States responded to the addiction crisis by passing laws that aim to reduce opioid prescriptions. As of October 2018, 33 states passed laws that limit or impose requirements on opioid prescriptions, according to the National Conference of State Legislatures. Most of these states limited initial pain pill fills to seven days, and some states imposed even more aggressive cutbacks that limit fills to three to five days. Cystic fibrosis patient Garrett Greene, of Coconut Creek. Fla., speaks with his new pain management doctor, Melanie Rosenblatt, during his appointment on Monday, June 17, 2019, in Boca Raton, Fla. Last July, Florida passed a law requiring physicians to register as chronic pain clinics to prescribe more than three days' worth of opioids. Dr. Melanie Rosenblatt, a pain doctor certified in addiction medicine, said the law had a "chilling effect" on prescribing. Many of her new patients were dropped by their physicians or "would doctor shop until they got what they want." Federal statistics show total U.S. opioid prescriptions have declined each year since 2012. That trend has accelerated since the CDC issued guidelines. Total prescribing dropped from 46 billion morphine milligram equivalents in March 2016 to 32 billion morphine milligram equivalents in September 2018. MMEs are a measure of the amount and potency of opioids. John Downey, a pain doctor in Augusta, Georgia, said the "damage has been done" from restrictive state laws and reluctant prescribers. Family doctors who fear disciplinary action from medical boards have dropped chronic pain patients. Those pain patients have crowded the lobbies of pain clinics, seeking relief. Downey served a three-year term on the Georgia Medical Board through mid-2018 and chaired the board's pain committee. He told colleagues he was not interested in another term because his medical practice was so busy with patients turned away by other doctors. One Monday morning, he had 50 referrals for new patients "just because doctors are saying they are fed up," Downey said. While he was on the medical board, he developed a point-based worksheet for family doctors who treated pain patients. The goal: Help doctors determine whether pain patients are willing to complete therapy and try non-opioid therapies such as injections, rather than only seeking pain pills. Medical board investigators who see patients taking the same prescription every month might see signs of abusive prescribing or a "pill mill," Downey said. He said such patients often are able to maintain regular activities such as working, spending time with family or going to church. "From a pain perspective, that is a well-managed patient," Downey said. "They are stable." Doctors are 'terrified of addiction' Sharfstein, the former health secretary of Maryland, said "there's been a big whiplash" as doctors react to the opioid epidemic, which was fueled by years of permissive prescribing. "Doctors were told they should treat pain as much as possible and now might be hearing the message that they could get in trouble for any opioids," he said. Sharfstein and his wife, Dr. Yngvild Olsen, an addiction medicine physician, wrote the book "The Opioid Epidemic: What Everyone Needs to Know." In it, they argue that doctors need to be trained to detect and treat addiction. Most medical residency programs don't teach how to care for patients who misuse substances. An epidemic and its response: Feds issue new warning to doctors: Don't skimp too much on opioid pain pills Did the crackdown on opioid prescriptions go too far? Here's why doctors are reconsidering. 'Deaths of despair' from drugs, alcohol and suicide hit young adults hardest Naloxone can reverse opioid overdoses, but does the drug belong in elementary schools? Doctors are "terrified of addiction and need to understand it and treat it," Sharfstein said. Garrett Greene, 27, was dropped as a patient by his pain management doctor last month. He said the doctor told him he wasn't comfortable seeing a cystic fibrosis patient. Greene said he was taking about a 90-milligram dose of the opiod Percocet every day to control pain since he had surgery seven years ago after his left lung collapsed twice. He's had many other surgeries and blood clots. "I spent the better part of my 20s cooped up in the hospital, watching firsthand how this monster of a disease can rear its ugly head," Greene said. Late last month, Greene went through what he calls "a horrific detox" while he was "losing my mind" trying to find a new pain doctor. When he found Rosenblatt, she switched him to buprenorphine, which is also an opiate but one that is used to help wean people off heroin and other opioids. Percocet, Greene said, wasn't good for his lungs in the long term and could suppress his breathing. Cystic fibrosis patient Garrett Greene, of Coconut Creek. Fla. had been prescribed percocet, a pain medication containing a combination of acetaminophen and oxycodone. This spring his former pain management doctor dropped him suddenly leading to what he said was horrible withdrawal. Rosenblatt said she often has to change new clients to longer-acting opioids, as well as combinations of physical therapy, antidepressants, muscle relaxants and therapy to help improve sleep. "Most of the time it works out really well, and there is a silver lining in many cases because people get the appropriate specialist," Rosenblatt said. "For other people, not so much, because they go through crazy withdrawal after doctors just cut them off, go to jail or retire with no exit plan." Former Food and Drug Administration Commissioner Scott Gottlieb said regulators “arguably had to play catch up” with the opioid crisis, which he called the “biggest public health crisis in modern history.” Regulators “had to take dramatic action to intervene,” he said. “It was inevitable there were going to be public health consequences at the margins.” As for doctors, he said, they have been “overshooting in both directions” – first over- and now often under-prescribing. “You are seeing doctors too reluctant” to prescribe opioid painkillers now, said Gottlieb, a resident fellow at the American Enterprise Institute. “It was inevitable they were going to land there." Reach the reporters at alltuck@usatoday.com or jodonnel@usatoday.com . This article originally appeared on USA TODAY: Pain patients left in anguish by doctors 'terrified' of opioid addiction, despite CDC change
Should Mercury NZ Limited (NZSE:MCY) Be Part Of Your Income Portfolio? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Dividend paying stocks like Mercury NZ Limited (NZSE:MCY) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Mercury NZ is a new dividend aristocrat in the making. We'd agree the yield does look enticing. The company also bought back stock during the year, equivalent to approximately 0.8% of the company's market capitalisation at the time. Some simple research can reduce the risk of buying Mercury NZ for its dividend - read on to learn more. Explore this interactive chart for our latest analysis on Mercury NZ! Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. So we need to form a view on if a company's dividend is sustainable, relative to its net profit after tax. In the last year, Mercury NZ paid out 102% of its profit as dividends. Unless there are extenuating circumstances, from the perspective of an investor who hopes to own the company for many years, a payout ratio of above 100% is definitely a concern. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. Mercury NZ paid out 102% of its free cash flow last year, which we think is concerning if cash flows do not improve. As Mercury NZ's dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term. As Mercury NZ's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. Net debt to EBITDA is a measure of a company's total debt. Net interest cover measures the ability to meet interest payments. Essentially we check that a) the company does not have too much debt, and b) that it can afford to pay the interest. Mercury NZ has net debt of 2.45 times its EBITDA. Using debt can accelerate business growth, but also increases the risks. Net interest cover can be calculated by dividing earnings before interest and tax (EBIT) by the company's net interest expense. With EBIT of 4.34 times its interest expense, Mercury NZ's interest cover is starting to look a bit thin. We update our data on Mercury NZ every 24 hours, so you can always getour latest analysis of its financial health, here. Before buying a stock for its income, we want to see if the dividends have been stable in the past, and if the company has a track record of maintaining its dividend. Looking at the data, we can see that Mercury NZ has been paying a dividend for the past six years. Although it has been paying a dividend for several years now, the dividend has been cut at least once by more than 20%, and we're cautious about the consistency of its dividend across a full economic cycle. During the past six-year period, the first annual payment was NZ$0.12 in 2013, compared to NZ$0.15 last year. This works out to be a compound annual growth rate (CAGR) of approximately 4.1% a year over that time. The dividends haven't grown at precisely 4.1% every year, but this is a useful way to average out the historical rate of growth. It's good to see some dividend growth, but the dividend has been cut at least once, and the size of the cut would eliminate most of the growth, anyway. We're not that enthused by this. With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. It's good to see Mercury NZ has been growing its earnings per share at 13% a year over the past 5 years. Although earnings per share are up nicely Mercury NZ is paying out 102% of its earnings as dividends, which we feel is borderline unsustainable without extenuating circumstances. Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. It's a concern to see that the company paid out such a high percentage of its earnings and cashflow as dividends. We were also glad to see it growing earnings, but it was concerning to see the dividend has been cut at least once in the past. In summary, Mercury NZ has a number of shortcomings that we'd find it hard to get past. Things could change, but we think there are a number of better ideas out there. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 6 analysts we track are forecasting for Mercury NZfor freewith publicanalyst estimates for the company. Looking for more high-yielding dividend ideas? Try ourcurated list of dividend stocks with a yield above 3%. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
NBA free agency: Kyrie Irving to join Nets Kyrie Irving is reportedly planning to agree to terms with the Brooklyn Nets for four years and $141 million, according to ESPN’s Adrian Wojnarowski. Kyrie won’t be alone, either, as Kevin Durant is also expected to sign with Brooklyn. Brooklyn is making a clean sweep tonight: Brooklyn will sign Kevin Durant, Kyrie Irving and DeAndre Jordan, league sources tell ESPN. — Adrian Wojnarowski (@wojespn) June 30, 2019 Sources: Durant will sign a 4-year, $164M deal with the Nets; Irving will sign 4-years, $141M. — Adrian Wojnarowski (@wojespn) June 30, 2019 Report: Irving, Durant both took less than max Durant and Irving both took less-than max deals to allow the Nets to also sign DeAndre Jordan to a four-year, $40 million deal, ESPN reports. The eight-year NBA veteran declined the $21.3 million option in the final year of his contract with the Boston Celtics in anticipation of signing a max deal in free agency. Irving’s rough ride in Boston Irving, 27, spent the last two seasons with the Celtics after forcing a trade from the Cleveland Cavaliers in 2017, reportedly weary of playing in LeBron James’ shadow. After being sidelined for the Celtics’ 2018 playoff run that saw them take James’ Cavaliers to Game 7 of the Eastern Conference finals, Irving returned healthy last season and vowing a long-term future in Boston. Kyrie Irving is reportedly heading to the Brooklyn Nets, alongside Kevin Durant. (Reuters) Anticipation was high for a Celtics team that finished one game short of the NBA Finals without Irving and Gordon Hayward in the lineup and had both All-Stars returning from injury. But chemistry issues were apparent early, and the Celtics suffered a lackluster 4-1 second-round loss to the Milwaukee Bucks, who had quickly supplanted them as one of the Eastern Conference’s top contenders. With the Bucks, Toronto Raptors and Philadelphia 76ers all improving around them, the Celtics regressed with the additions of Irving and Hayward to the lineup. Story continues How will Irving fit with Durant, Brooklyn? Irving’s value as a scorer and ball-handler remain unquestioned. He earned his sixth career All-Star selection last season while averaging 23.8 points, 6.9 assists and five rebounds while shooting 48.7 percent from the floor and 40.1 percent from 3-point distance. Those are certainly max-player numbers. But the questions about his fit with other stars and leadership abilities have plagued him throughout his career and continue to be issues. He forced his way out of Cleveland seeking a chance to be the No. 1 option on a championship contender. His time in Boston suggests that’s a role that’s not in the cards for him. More from Yahoo Sports: Durant ready to join Brooklyn, along with Kyrie and DeAndre World Cup: England’s coach praises Rapinoe's character Mets put living players in ‘In Memoriam’ montage Gronk's physical appearance sends a clear message about retirement
NZD/USD Forex Technical Analysis – Testing Major Retracement Zone at .6710 to .6764 The New Zealand Dollar finished the week on a high note on Friday. The Forex pair has posted 10 consecutive higher closes. The main catalyst behind the rally is expectations of an interest rate cut by the Federal Reserve on July 31. The rally was initially sparked by traders pricing in a 50 basis point rate cut by the U.S. central bank. However, that idea was put to bed early last week after dovish comments from two Fed officials. Nonetheless, the rally continued after the Reserve Bank of New Zealand voted to leave rates unchanged at its monetary policy meeting. Traders now expect the RBNZ to cut again in August, but the price action doesn’t indicate this. Over the weekend, the U.S. and China agreed to renew trade talks. On paper this is bullish for commodity currencies. However, the direction of the New Zealand Dollar is more likely to be determined by how Treasury yields respond to the news. Higher yields in the U.S. tend to make the U.S. Dollar a more desirable asset. On Friday, theNZD/USDsettled at .6717, up 0.0016 or +0.24%. The main trend is up according to the daily swing chart. The main trend turned up last week when buyers took out the .6682 swing top. The next main top target is .6784. The main trend will change to down on a trade through .6487. This is unlikely, but the NZD/USD is inside the window of time for a closing price reversal top. The main range is .6939 to .6481. Its retracement zone at .6710 to .6746 is the next upside target. This zone was tested on Friday. Trader reaction to this area should set the tone for the NZD/USD this week. The intermediate range is .6784 to .6481. Its retracement zone at .6669 to .6633 is new support. If this fails then look for a 50% retracement of the 10 day rally. Based on Friday’s close at .6717, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the main 50% level at .6710. A sustained move over .6710 will indicate the presence of buyers. If this move generate enough upside momentum then look for the rally to continue into the main Fibonacci level at .6764. This is followed by the main top at .6784. This price is a potential trigger point for an acceleration to the upside. A sustained move under .6710 will signal the presence of sellers. The first downside target is the intermediate Fibonacci level at .6669. This is followed by the intermediate 50% level at .6633. This price level is the trigger point for an acceleration to the downside. Thisarticlewas originally posted on FX Empire • Crude Oil Price Update – Straddling Retracement Zone at $58.51 to $60.33 • Forex Daily Recap – USD/CNY pair was Forming a Cup-and-Handle Pattern • Silver Price Forecast – Silver markets find support • Natural Gas Price Forecast – Natural gas markets roll over on Monday • Part II – Are Real Estate Etf’s The Next Big Trade? • EUR/USD Price Forecast – Euro falls yet finds support
NBA free agency: Nets add C DeAndre Jordan The Brooklyn Nets were already one of the big winners of NBA free agency with the reported additions of Kevin Durant and Kyrie Irving . Then the team added another star. Veteran center DeAndre Jordan will join the Nets in free agency, according to ESPN’s Adrian Wojnarowski. Brooklyn is making a clean sweep tonight: Brooklyn will sign Kevin Durant, Kyrie Irving and DeAndre Jordan, league sources tell ESPN. — Adrian Wojnarowski (@wojespn) June 30, 2019 The deal is reportedly worth four years, $40 million. Interestingly enough, Durant and Irving also seem to have taken less than the max to ensure the Nets could accommodate Jordan. Brooklyn can add $5.7M (KD) and $4.9M (Kyrie) of unlikely but possible bonuses (reaching round 2 and 45 wins) in each contract. How Brooklyn times each contract would allow DeAndre Jordan to sign for a $10M per year contract. BKN would not have to make any trades to the roster. https://t.co/Z01aSmjjMh — Bobby Marks (@BobbyMarks42) July 1, 2019 Jordan just finished up a season split between the Dallas Mavericks and New York Knicks in which he averaged 11.0 points, 13.1 rebounds and 1.1 blocks per game. He’ll figure to give the Nets another imposing presence in the paint alongside Jarrett Allen. In addition to Jordan, shooting guard Garrett Temple will head to Brooklyn. Free agent guard Garrett Temple is expected to sign a two-year, $10 million deal with the Brooklyn Nets, a source told ESPN's The Undefeated. Team option second year. — Marc J. Spears (@MarcJSpearsESPN) June 30, 2019 Temple averaged 7.8 points per game with the Memphis Grizzlies and Los Angeles Clippers last year. Story continues The Nets continued a successful free agency with the addition of DeAndre Jordan. (AP Photo/Mary Altaffer) More from Yahoo Sports: World Cup reveals source of strength for Rapinoe, USWNT Knicks in play for big free agents but determined to build right Mets put living players in ‘In Memoriam’ montage USWNT leaves Trump, France behind, focuses on England
Top Democrats criticise Trump for ‘photo-op’ meeting with Kim Jong-un on North Korea border Candidates for the Democratic presidential nomination are speaking out against Donald Trump’s venture into North Korea, the first time a sitting US president has stepped into the country. The Republican president met with the North Korean leader in the Demilitarized Zone (DMZ) that divides North and South Korea on Sunday, in a meeting that appeared to have been planned on a whim earlier in the week. Joining many critics who called the journey a publicity stunt, nominees for the top Democratic spot voiced negative opinions of the weekend meeting. “Our President shouldn’t be squandering American influence on photo ops and exchanging love letters with a ruthless dictator,” wrote senator Elizabeth Warren on Twitter on Sunday morning. “Instead, we should be dealing with North Korea through principled diplomacy that promotes US security, defends our allies, and upholds human rights.” Senator Kamala Harris also used the platform to voice concern, tweeting “This President should take the North Korean nuclear threat and its crimes against humanity seriously. This is not a photo-op. Our security and our values are at stake.” In an interview on ABC, Senator Bernie Sanders said he had “no problem” with the president meeting with Kim Jong-un but that he didn’t want a meeting to “simply be a photo opportunity.” “What’s going to happen tomorrow and the next day?” senator Sanders continued. “He has weakened the State Department.” Candidate Julian Castro also said he did not condemn meeting with adversaries, but did express concerns Mr Trump was raising the profile of a dictator by meeting with the North Korean leader three times with nothing to show for it. "He's doing it backward," Mr Castro said. A spokesman for former vice president Joe Biden said the president was "coddling" dictators at the expense of U.S. national security. Senator Amy Klobuchar, also running for the candidacy, compared the move to a moment between neighbours. Story continues "It is not as easy as just going and bringing a hot dish over the fence to the dictator next door," she said. Additional reporting by Reuters
Is Adobe a Buy? Since making the shift to a cloud-based subscription model,Adobe's(NASDAQ: ADBE)stock has been on a tear. Shares have surged 300% over the past five years, fueled by a 150% rise in revenue and a more-than-sevenfold jump in operating profits. But with Adobe trading near its all-time highs, is its stock still a good buy today? Image source: Getty Images. Adobe helps artists and businesses design beautiful digital experiences. Its Creative Cloud software -- which includes tools such as Photoshop image editing, Premiere Pro video editing, and Premier Rush online video creation and sharing -- is used by millions of website designers, videographers, animators, and social media creators around the world. Adobe bolstered its product lineup last year with its$1.68 billion acquisitionof e-commerce company Magento and$4.75 billion purchaseof marketing engagement platform Marketo. Magento provides software to design and operate online stores, process purchases and payments, and manage shipping and returns. Marketo helps marketers deliver more relevant, personalized, and engaging promotions. Together, they help to make Adobe a one-stop shop for design-based businesses. Moreover, Adobe's subscription-based model reduces the up-front cost of its products and services, thereby making it easier for small businesses and individuals to trial and implement them. This, in turn, is helping to expand the company's total addressable market -- and fuel its growth. Adobe's revenue jumped 25% year over year, to $2.7 billion, in the second quarter. Itsnon-GAAP(adjusted) earnings per share, meanwhile, climbed 10% to $1.83,besting Wall Street's estimates. Looking ahead, Adobe expects full-year revenue to increase more than 23% year over year to $11.15 billion. Management is also guiding for adjusted EPS to rise more than 15% to $7.80. Looking even further ahead, analysts forecast that Adobe will grow its earnings at a greater-than-23% annual clip over the next half-decade. "Adobe's continued momentum is being fueled by the explosion of creativity across the globe and the widespread business transformation agenda to deliver engaging customer experiences," CEO Shantanu Narayen said in the company's Q2 press release. "With an innovative technology platform, exciting product roadmap, and strong ecosystem of partners, we are well positioned for the second half of FY19 and beyond." Despite trading within 5% of its all-time highs, Adobe's shares can currently be had for less than 30 times analysts' earnings estimates for 2020. While somewhat rich by traditional standards, that's a fair price to pay for a competitively dominant business that's projected to increase its profits by more than 20% annually in the coming years. As such, I'd argue that Adobe's stock is a solid buy at current prices -- and investors who buy today should be well rewarded in the years ahead. 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 Joe Tenebrusohas no position in any of the stocks mentioned. The Motley Fool recommends Adobe Systems. The Motley Fool has adisclosure policy.
Android might finally get a better AirDrop alternative Google might finally deliver a viable version of AirDrop for Android phones. The company is testing a new Android feature called "Fast Share" that would allow phone owners to wirelessly transmit photos, text, and other files to nearby devices using Bluetooth. The currently unreleased feature was uncovered by two separate publications,9to5GoogleandXDA Developers. According to screenshots posted by the publications, Fast Share allows you to share photos, text, and URLs with devices that are nearby even if you don't have an internet connection. Interestingly, the list of devices in the screenshots includes an iPhone as well as a Chromebook and Pixel 3 phone, suggesting the intention is for Fast Share to enable cross-platform sharing.Read more... More aboutTech,Google,Airdrop,Android Q, andTech
My Favorite High-Yield Dividend Stock for the Second Half of 2019 Crestwood Equity Partners(NYSE: CEQP)is coming off a strong first half of 2019. Units ofthe master limited partnership(MLP) surged more than 25% so far this year, fueled in part by the company's excellent performance in thefirst quarterwhen its growth engine started accelerating. However, as good as Crestwood's first half was, the midstream company appears poised to deliver even faster growth in the latter half of 2019. That upcoming upside, when combined with the company's 6.8% yielding payout, makes it my favorite income opportunity for the second half of 2019 and beyond. Image source: Getty Images. Crestwood Equity Partners invested $332 million on organic growth projects last year and expected to spend another $425 million-$475 million on expansions this year. The company has already started benefiting from these investments. They enabled the MLP to gather and process significantly more oil, natural gas, and water in the Bakken shale during the first quarter, which helped grow cash flow 27.9% year over year. However, an even bigger boost is on the way. Not only does the company expect to complete its Bear Den II processing plant in the Bakken during the third quarter, but it's working on additional expansions of its Arrow water-gathering system in that region. These projects will enable the company to grow the volume of oil and gas it gathers by 25% this year, while its produced water volumes will expand by 60%. On top of that, the company will continue benefiting from recent expansions of its systems in the Powder River and Delaware Basins, where volumes are still ramping up. Meanwhile, the company will get an additional boost from its Stagecoach joint venture (JV) with utilityConsolidated Edisonin the second half. Crestwood currently receives 40% of the cash distributions from that 50-50 JV due to the structure of its initial agreement with Consolidated Edison. However, Crestwood will see that stepped up to 50% this July, which will provide it with an additional $10 million of earnings in the second half. In addition to the boost from all its organic growth initiatives, Crestwood will get another jolt from a recent acquisition. In April, the company paid $484.6 million forWilliams Companies'(NYSE: WMB)50% interest in a natural gas gathering and processing joint venture (JV) in the Powder River Basin. Thewin-win dealgives Crestwood full control over those assets while providing Williams Companies with cash to pay down debt. The acquisition will immediately double the cash flow Crestwood receives from the business, which is on track to produce $100 million this year. As such, it will provide a meaningful boost to its second-half results. Not only will Crestwood benefit from that near-term uplift in cash flow, but it will enjoy accelerated growth from this asset over the next two years. The company is currently working on expanding the system, which should grow its cash flow up to $150 million by 2021. Meanwhile, with Williams out of the picture, Crestwood now has full control to pursue other growth opportunities, such as adding crude oil services to its system. Crestwood anticipates that its cash flow will soar 30% this year, thanks to the boost from its expansion projects, the step up from its JV with Consolidated Edison, and its acquisition of Williams Companies' half of their JV. That fast-growing cash flow will put the company's high-yielding distribution on an even more sustainable level. Overall, Crestwood is on track to deliver peer-leading cash flow growth through 2020. That could give it the fuel to not only continue producing market-beating total returns but eventually boost its already sizable distribution to investors. That combination of income and growth make Crestwood one of the more compelling energy stocks to buy these days. 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 Matthew DiLalloowns shares of Crestwood Equity Partners LP. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has adisclosure policy.
Ivanka Trump Had a Very Awkward Moment at the G20 Summit, Which for Some Reason She Was Attending Photo credit: BRENDAN SMIALOWSKI - Getty Images From Esquire On Saturday, the French government posted an awkward video from this weekend's G20 summit to Instagram. In it, French President Emmanuel Macron, British and Canadian Prime Ministers Theresa May and Justin Trudeau, and International Monetary Fund Chairwoman Christine Lagarde stood chatting in a circle -alongside American first daughter Ivanka Trump, who appeared to be making an eager attempt to join their conversation. New York Congresswoman Alexandria Ocasio-Cortez responded to the viral G20 video via Twitter. "It may be shocking to some, but being someone’s daughter actually isn’t a career qualification," she wrote. "The US needs our President working the G20. Bringing a qualified diplomat couldn’t hurt either." It may be shocking to some, but being someone’s daughter actually isn’t a career qualification. It hurts our diplomatic standing when the President phones it in & the world moves on. The US needs our President working the G20. Bringing a qualified diplomat couldn’t hurt either. https://t.co/KCZMXJ8FD9 - Alexandria Ocasio-Cortez (@AOC) June 30, 2019 Ivanka Trump, who worked as a model and helmed a fashion line before joining her father in the White House as an Advisor to the President, isn’t an economist or a diplomat. But this isn’t the first time she’s attended the summit-she was present at both the 2017 conference in Hamburg and the 2018 meeting in Buenos Aires . During her first appearance at the summit, Ivanka made headlines for sitting in for her father at an official meeting despite her lack of diplomatic qualifications. "Because an unelected, unqualified, unprepared New York socialite is the best person to represent American national interests," Washington Post columnist Anne Applebaum tweeted sarcastically at the time. Story continues The White House roles of Ivanka and her husband, Jared Kushner, have long been controversial. President Trump ordered officials to grant security clearances to his daughter and son-in-law against their recommendations, and the process by which Ivanka, Kushner, and others secured their top-secret clearances is the subject of an investigation by House Democrats . Television personality Piers Morgan responded to AOC's tweet about Ivanka by taking a jab at the freshman Congresswoman's old job as a bartender. "Could be worse," he wrote. "Ivanka could have been a bar-tender 18 months ago." "Actually, that would make government better - not worse," Ocasio-Cortez tweeted back. "Imagine if more people in power spent years of their lives actually working for a living. We’d probably have healthcare and living wages by now." ('You Might Also Like',) HOW TO FIND THE PERFECT SUNGLASSES FOR YOUR FACE SHAPE If You Don’t Have a Denim Shirt Yet, What’s Stopping You? Why You'll Never Understand Mezcal Like You Understand Scotch
What Investors Should Know About The Colonial Motor Company Limited's (NZSE:CMO) Financial Strength Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! The Colonial Motor Company Limited (NZSE:CMO) is a small-cap stock with a market capitalization of NZ$288m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. Why is it important? Understanding the company's financial health becomes essential, as mismanagement of capital can lead to bankruptcies, which occur at a higher rate for small-caps. We'll look at some basic checks that can form a snapshot the company’s financial strength. However, this is just a partial view of the stock, and I’d encourage you todig deeper yourself into CMO here. CMO's debt level has been constant at around NZ$109m over the previous year which accounts for long term debt. At this constant level of debt, CMO currently has NZ$8.9m remaining in cash and short-term investments to keep the business going. Additionally, CMO has generated NZ$30m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 27%, signalling that CMO’s current level of operating cash is high enough to cover debt. With current liabilities at NZ$162m, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.37x. The current ratio is calculated by dividing current assets by current liabilities. For Specialty Retail 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. CMO is a relatively highly levered company with a debt-to-equity of 55%. This is a bit unusual for a small-cap stock, since they generally have a harder time borrowing than large more established companies. We can check to see whether CMO is able to meet its debt obligations by looking at the net interest coverage ratio. A company generating earnings before interest and tax (EBIT) at least three times its net interest payments is considered financially sound. In CMO's, case, the ratio of 8.49x suggests that interest is appropriately covered, which means that lenders may be willing to lend out more funding as CMO’s high interest coverage is seen as responsible and safe practice. Although CMO’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. Since there is also no concerns around CMO's liquidity needs, this may be its optimal capital structure for the time being. I admit this is a fairly basic analysis for CMO's financial health. Other important fundamentals need to be considered alongside. I suggest you continue to research Colonial Motor to get a better picture of the small-cap by looking at: 1. Future Outlook: What are well-informed industry analysts predicting for CMO’s future growth? Take a look at ourfree research report of analyst consensusfor CMO’s outlook. 2. Valuation: What is CMO 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 CMO 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.
USD/JPY Forex Technical Analysis – Rise in Treasury Yields Could Launch Rally into 108.726 to 109.186 The Dollar/Yen finished higher on Friday and for the week. Oversold conditions may have contributed somewhat the counter-trend strength, but the shift in investor sentiment was likely the main reason for the rebound rally. After a prolonged down move since the Fed meeting on June 19, the Dollar/Yen began to rebound on June 25 after Federal Reserve Chair Jerome Powell and St. Louis Federal Reserve President James Bullard dampened the chances of a 50 basis point rate cut at the next Fed meeting on July 30-31. The news drove U.S. Treasury yields higher, making the U.S. Dollar a more attractive asset. The move also widened the spread between U.S. Government bonds and Japanese Government bonds. On Friday, theUSD/JPYsettled at 107.929, up 0.142 or +0.13%. We could see further upside action on Monday after U.S. President Donald Trump and Chinese President Xi Jinping decided to renew trade talks between the two economic powerhouses at a meeting on Saturday at the G-20 summit in Osaka, Japan. Higher Treasury yields and increased demand for riskier assets could drive the USD/JPY sharply higher. The main trend is down according to the daily swing chart. A trade through 108.728 will change the main trend to up. This move will be reaffirmed if buyers can take out the next swing top at 108.805. The minor trend is also down. A trade through 108.161 will change the minor trend to up. This will shift momentum to the upside. A trade through 106.775 will signal a resumption of the downtrend. The short-term range is 106.775 to 108.161. Its retracement zone at 107.468 to 107.304 is support. The intermediate range is 108.805 to 106.775. Its retracement zone at 107.790 to 108.030 is currently being tested. The first main range is 109.930 to 106.775. Its 50% level at 108.353 is the next potential upside target. The second main range is 110.677 to 106.775. If the main trend changes to up then look for a rally into its retracement zone at 108.726 to 109.186. Based on Friday’s price action and the close at 107.929, the direction of the USD/JPY on Monday is likely to be determined by trader reaction to the intermediate 50% level at 107.790. A sustained move over 107.790 will indicate the presence of buyers. What follows is a series of levels including the intermediate Fibonacci level at 108.030, the minor top at 108.161, the main 50% level at 108.353, and another main retracement zone at 108.726 to 109.186. A sustained move under 107.790 will signal the presence of sellers. The first target is the short-term retracement zone at 107.468 to 107.304. This is the last potential support before the 106.775 main bottom. Thisarticlewas originally posted on FX Empire • S&P 500 Price Forecast – Stock markets gap higher to kick off week • Gold Price Forecast – Gold markets gapped lower • U.S. Dollar Index Futures (DX) Technical Analysis – Trader Reaction to 96.315 to 96.540 Will Determine Near-Term Direction • GBP/JPY Price Forecast – British pound rallies into resistance • USD/JPY Price Forecast – US dollar gaps after G 20 against yen • AUD/USD Price Forecast – Aussie forms bearish candle
Bitcoin Has Been on Fire but Altcoins Haven’t Joined the Party – Yet Bitcoinis on fire this year but you can’t quite call it a “cryptocomeback”… just yet, asThe Wall Street Journalpoints out. Investors are starting to doubt a corresponding return in alternative cryptocurrencies, and for good reason. Altcoins are still well off their 2017 highs. Many alts have, in fact,gone to zerowhile their more established cousins try to recuperate some of their more than 70% losses. Bitcoin, on the other hand, is the only asset to have recovered more than 50% of its losses to date. Until other established names follow its big brother back into more familiar territory, it’s still a one-man show. Bitcoin market dominance has done a complete u-turn since early 2018 when it featured only 32% of the total market capitalization of the industry. This, at least, according to CoinMarketCap’s records, which track 2,000 different cryptocurrency valuations on a daily basis. As the Wall Street Journal reports, that figure has steadily risen to 62% this year, almost doubling in less than a year and a half. The last time bitcoin was this dominant was in the middle of 2017 when investors were greedily plowing their money into altcoins. Read the full story on CCN.com.
Montreal Canadiens send Andrew Shaw back to Chicago Blackhawks Andrew Shaw is headed back to the Canadiens. (Getty) Andrew Shaw is going home. The Montreal Canadiens are shipping the hard-nosed forward back to the Chicago Blackhawks on the eve of free agency in a deal involving four draft picks. It will cost the Blackhawks a second- and third-round draft picks to invite Shaw back into the fold, while the two teams will also swap seventh-round selections as well. Shaw was initially traded to Montreal three years ago on the draft floor for a pair of second-round selections. He signed a six-year extension with Montreal shortly after, and will bring his full $3.9 million cap hit with him to Chicago. Shaw is coming off the most productive season of his eight-season career, and by far his best across three years with the Canadiens. He scored 19 goals and collected 47 points in 63 games with Max Domi serving as his most consistent linemate. Montreal now has more than $12 million of cap space to work with in free agency, with just a short list of restricted free agents to sign. Meanwhile the Blackhawks have just $8 million to play with, and only eight regular forwards under contract, after accepting every penny of Shaw’s deal. Here’s a complete breakdown of the deal, via PuckPedia: More NHL coverage on Yahoo Sports
EUR/USD Forex Technical Analysis – Trade Through 1.1344 Confirms Closing Price Reversal Top The Euro finished slightly higher against the U.S. Dollar on Friday, but the single-currency remained inside the wide range from June 25 for a third session. This chart pattern tends to indicate investor indecision and impending volatility. Keep a lid on prices last week were the dovish comments from Federal Reserve Chairman Jerome Powell and St. Louis Federal Reserve President James Bullard. Powell failed to indicate the need for a rate cut at the end of July and Bullard said a 50 basis point rate cut would be excessive. These comments drove up U.S. Treasury yields, making the U.S. Dollar a more attractive asset. On Friday, theEUR/USDsettled at 1.1370, up 0.0001 or +-.01%. Given the events over the week-end involving the U.S. and China, we could be in for a volatile session on Monday. On Saturday, U.S. President Donald Trump and Chinese President Xi Jinping announced the restart of trade talks between the two economic powerhouses. If Treasury yields rise sharply on the news then look for the EUR/USD to take a hit. Higher yields will make the U.S. Dollar a more attractive asset. The news could also reduce the need for a Fed rate cut in late July. The main trend is up according to the daily swing chart. However, momentum may be getting ready to shift to the downside with the formation of the closing price reversal top on June 25 at 1.1413. A trade through 1.1413 will confirm the chart pattern. This could trigger the start of a 2 to 3 day counter-trend break. A move through 1.1413 will negate the chart pattern. This will signal a resumption of the uptrend. The main range is 1.1448 to 1.1107. Its retracement zone at 1.1318 to 1.1278 is new support. Holding above this zone will help maintain the current upside bias. Falling below this zone will shift momentum to the downside. The short-term range is 1.1107 to 1.1413. Its retracement zone at 1.1260 to 1.1224 is another potential downside target. This is followed by 1.1185 which is long-term Fibonacci support. Based on Friday’s price action and the close at 1.1370, the direction of the EUR/USD on Monday is likely to be determined by trader reaction to the minor pivot at 1.1379. A sustained move over 1.1379 will indicate the presence of buyers. If this generates enough upside momentum then look for a rally into the closing price reversal top at 1.1413. Taking out this top could drive the EUR/USD into the March 21 top at 1.1448. A sustained move under 1.1379 will signal the presence of sellers. Taking out 1.1344 will confirm the reversal top. This could drive the EUR/USD into 1.1318. This is a potential trigger point for an acceleration to the downside with the next targets a pair of 50% levels at 1.1278 to 1.1260. Thisarticlewas originally posted on FX Empire • AUD/USD Price Forecast – Aussie forms bearish candle • Crude Oil Price Forecast – Crude oil markets run into resistance • Natural Gas Price Forecast – Natural gas markets roll over on Monday • Gold Price Futures (GC) Technical Analysis – Big Decision for Bulls on Test of $1383.30 to $1369.20 • EUR/USD Price Forecast – Euro falls yet finds support • Forex Daily Recap – USD/CNY pair was Forming a Cup-and-Handle Pattern
Are G8 Education Limited’s Returns On Capital Worth Investigating? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll evaluate G8 Education Limited (ASX:GEM) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. First of all, we'll work out how to calculate ROCE. Next, we'll compare it to others in its industry. Last but not least, we'll look at what impact its current liabilities have on 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'. Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for G8 Education: 0.13 = AU$130m ÷ (AU$1.4b - AU$387m) (Based on the trailing twelve months to December 2018.) Therefore,G8 Education has an ROCE of 13%. Check out our latest analysis for G8 Education ROCE is commonly used for comparing the performance of similar businesses. Using our data, G8 Education's ROCE appears to be around the 14% average of the Consumer Services industry. Independently of how G8 Education compares to its industry, its ROCE in absolute terms appears decent, and the company may be worthy of closer investigation. You can see in the image below how G8 Education's ROCE compares to its industry. Click to see more on past growth. When considering ROCE, bear in mind that it reflects the past and does not necessarily predict the future. Companies in cyclical industries can be difficult to understand using ROCE, as returns typically look high during boom times, and low during busts. ROCE is, after all, simply a snap shot of a single year. Future performance is what matters, and you can see analyst predictions in ourfreereport on analyst forecasts for the company. Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills 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 counteract this, we check if a company has high current liabilities, relative to its total assets. G8 Education has total assets of AU$1.4b and current liabilities of AU$387m. Therefore its current liabilities are equivalent to approximately 28% of its total assets. Current liabilities are minimal, limiting the impact on ROCE. This is good to see, and with a sound ROCE, G8 Education could be worth a closer look. G8 Education shapes up well under this analysis,but it is far from the only business delivering excellent numbers. You might also want to check thisfreecollection of companies delivering excellent earnings growth. If you like to buy stocks alongside management, then you might just love thisfreelist of companies. (Hint: insiders have been buying them). 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.
Better Buy: Advanced Micro Devices vs. Intel If you're looking for a central processing unit (CPU), the computing engine of most computers, laptops, and data centers, there are really only two options:Intel(NASDAQ: INTC)orAdvanced Micro Devices(NASDAQ: AMD). Intel is the $215 billionmarket capgorilla in the room, while AMD is the upstart challenger -- though AMD is no start-up, with a market cap of $33 billion. For years, Intel had pretty much dominated the market, with a large majority of PC and notebook CPUs and over 90% of the server CPU market. However, that tide is now reversing. Under CEO Lisa Su, AMD has developed chips with fabrication manufacturing partnerTaiwan Semiconductors(NYSE: TSM)to surpass Intel in the race to a 7-nanometer (nm) processor (equivalent to Intel's 10nm). 2019 should be a pivotal year as AMD begins selling many new 7nm chips in the upcoming quarter, while Intel won't have its 10 nm chips out until the end of the year. So, how dire are the problems for Intel, and which company is the better bet at this moment? Image source: Getty Images. It's not totally clear how much market share AMD will take from Intel, but it could be significant. Lisa Su, along with many analysts, expects AMD to reach 10% server market share before the end of 2020; however,Su thinksthat the company can eventually get back to the 25% server market share the company achieved back in 2006. That's in stark contrast to the mere 2.9% server share AMD has at the present moment. Back in 2006, AMD was actually nearly even with Intel in terms of market share in consumer- and PC-related processors at roughly 45% of the market. Currently, AMD holds just a 17% share of desktops and 13% share of notebook CPUs through Q1 2019. So, while it's difficult to tell how much of a surge AMD will see over the coming quarters and years, it's clear based on the historical precedent that AMD has the potential to make a big dent. In fact, an Intel internal memo recentlyleaked to Redditshowed Intel executives acknowledging and discussing the significant threat posed by AMD. The new market share will come from AMD's entire portfolio. AMD will ship its new Gen 2 Ryzen Desktop CPUs soon, which actually outperformed Intel chips based onleaked test results. AMD will also unveil its new Rome 7nm server processors, which have already been selected by the likes ofAmazon.comandDell Technologiesfor use later this year. Of course, Intel isn't standing idly by. The company expects its 10nm consumer chips to be ready by the holiday season this year, while its 10nm Ice Lake data center chips should be ready by the first quarter 2020. In addition, Intel is proactively cutting prices for its current consumer CPUs by about 10% to 15% -- the lowest prices at which they have ever retailed. The move is probably a smart one that will buy Intel some time, and could help mitigate the market share loss to AMD. Still, it's not something one exactly likes to see as an Intel investor. Intel is also looking for growth by diversifying into other segments of the semiconductor market. It's made several large acquisitions over the past few years, including the 2015 $16.75 billion acquisition of Altera, a maker offield programmable gate arrays, and the 2017 $15.3 billion acquisition of Mobileye, which makes software for self-driving cars. Most recently, the companyacquiredBarefoot Networks, which makes programmable chips for data center switches, for an undisclosed amount. These are admirable attempts by Intel to become a more diversified conglomerate, though these new chip ventures have fiercer competition and likely worse economics than the highly profitable near-monopoly Intel enjoyed in CPUs over the past decade. Of course, the market has taken notice of all of these developments and has bid up AMD stock to some 30 times next year's earnings estimates, while Intel trades at just a 10.8 P/E ratio and pays investors a 2.6% dividend to boot. Therefore, Intel may still be the choice forvalue investorsand income-seekers. However, in the world of technology, trends can maintain themselves for a long time, as strength tends to beget more strength, so I would actually feel better owning AMD right now, despite its much higher valuation. There's also another important reason I'd lean toward AMD: Lisa Su's leadership. Su has led AMD's massive comeback since taking the reins in 2014, and I'd put my faith in her continuing to execute. Meanwhile, Intel recently named longtime CFO Bob Swan to the permanent CEO role, a role he initially turned down after former CEO Brian Krzanich left the company in 2018. Irecently wrotehow Swan's taking the job is a tad awkward, while it's also worrisome that Intel had such trouble finding a CEO willing to lead the company. In summary, momentum and leadership at the top can be determining factors in the world of tech, which is why AMD is the pick for me at this moment. 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 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.Billy Dubersteinowns shares of Amazon and Taiwan Semiconductor Manufacturing. The Motley Fool owns shares of and recommends Amazon. His clients may own shares of the companies mentioned. The Motley Fool recommends Taiwan Semiconductor Manufacturing. The Motley Fool has adisclosure policy.
JJ Redick, Pelicans agree to deal: report Free agent shooting guard JJ Redick has agreed to a two-year, $25.6 million deal with the New Orleans Pelicans, ESPN reports. Free agent guard JJ Redick has agreed to a two-year, $26.5M deal to join the New Orleans Pelicans, league sources tell ESPN. — Adrian Wojnarowski (@wojespn) June 30, 2019 Redick averaged 18.1 points, 2.7 assists and 2.4 rebounds with the Philadelphia 76ers last season while shooting 39.7 percent from 3-point distance. JJ Redick is reportedly leaving Philadelphia for New Orleans. (Getty) New-look Pelicans also add Derrick Favors The 13-year veteran and career 41.3 percent 3-point shooter will be a featured player on a revamped Pelicans core built around rookie Zion Williamson. [Free agency updates: Keep track of the moves, rumors, cap space and more ] In addition to picking up Redick, the Pelicans added veteran big man Derrick Favors, a strong two-way player who should fit in nicely alongside Williamson. The New Orleans Pelicans have traded for Derrick Favors, League Sources tell The Athletic — Tony Jones (@Tjonesonthenba) July 1, 2019 After drafting Williamson first overall and trading Anthony Davis to the Los Angeles Lakers, New Orleans will start next season with an overhauled roster. New Orleans’ rotation next season will feature Williamson, Redick, Lonzo Ball, Brandon Ingram, Josh Hart, Elfrid Payton and Jrue Holiday with Favors, Jahlil Okafor and rookie Jaxson Hayes sharing duties at center. 76ers moves While the 76ers lost Redick and his valuable shooting touch, they reportedly retained free-agent Tobias Harris on a five-year, $180 million deal. Jimmy Butler, meanwhile, is reportedly leaning toward the Miami Heat in free agency. More from Yahoo Sports: Durant ready to join Brooklyn, along with Kyrie and DeAndre World Cup: England’s coach praises Rapinoe's character Mets put living players in ‘In Memoriam’ montage Gronk's physical appearance sends a clear message about retirement
NBA free agency: Kevin Durant to join Nets The devastating Achilles tear that knocked Kevin Durant out of the NBA Finals has not hurt his bank account. The 10-time All-Star and two-time Finals MVP is planning to agree to a four-year, $164 million deal with the Brooklyn Nets, Yahoo Sports’ Chris Haynes reported. Kevin Durant intends to sign with Brooklyn, league sources tell Yahoo Sports. — Chris Haynes (@ChrisBHaynes) June 30, 2019 Durant later confirmed the news via The Boardroom’s account on Instagram: View this post on Instagram A post shared by The Boardroom (@theboardroom) on Jun 30, 2019 at 3:02pm PDT The Nets are obviously looking to build a contender, with Kyrie Irving and Deandre Jordan reportedly planning to sign there too. [Free agency updates: Keep track of the moves, rumors, cap space and more ] Irving and Durant both agreed to less-than max deals to allow the Nets salary cap space to sign Jordan to a four-year, $40 million deal, according to ESPN. The New York Knicks were reportedly in the running to sign Durant, but owner James Dolan reportedly wasn’t prepared to offer him a max dea l after the 10-time All-Star suffered an Achilles tear in the Golden State Warriors’ NBA Finals loss to the Toronto Raptors. Risky signing after Achilles tear Once considered the prize catch of the free-agent market, Durant now carries a significant amount of risk after suffering his Achilles injury at 30 years old. Achilles tears are notoriously difficult for basketball players to recover from, consistently leaving their victims as lesser versions of themselves when they return to the court. That Durant may not see the court again until he’s 32 makes his situation even more precarious. But Durant’s talent and athleticism are so transcendent that he’s worth the long-term risk despite the red flags. Kevin Durant is headed to Brooklyn. (Warriors) Two-time NBA Finals MVP Durant led the Warriors to back-to-back NBA championships in 2017-18, earning Finals MVP honors amid a star-studded roster that included Stephen Curry, Klay Thompson and Draymond Green. Story continues Last season, he averaged 26 points, 6.4 rebounds, 5.9 assists and 1.1 blocks while shooting 52.1 percent from the field and 35.9 percent from 3-point distance. He did so with a reduced usage rate playing alongside multiple All-Stars. The hope now is that even a diminished Durant can make the kind of difference that will lead to competing for championships. The first year of Durant’s deal is strictly an investment in those long-term hopes as the most optimistic prognoses have him sidelined for most of an entire year. If he does return for a potential playoff run, expectations of his performance will be severely tempered. It’s not likely we’ll see what Durant will truly look like on the other end of an Achilles tear until the start of the 2020-21 season. Nobody expects him to be his former self when he does return. But if he’s 80 percent of the Durant we saw prior to his playoff injuries this season, he’ll likely have been worth the risk. More from Yahoo Sports: Durant ready to join Brooklyn, along with Kyrie and DeAndre World Cup: England’s coach praises Rapinoe's character Mets put living players in ‘In Memoriam’ montage Gronk's physical appearance sends a clear message about retirement
Will G8 Education Limited's (ASX:GEM) Earnings Grow In The Year Ahead? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! In December 2018, G8 Education Limited (ASX:GEM) announced its earnings update. Overall, the consensus outlook from analysts appear fairly confident, with profits predicted to increase by 23% next year against the past 5-year average growth rate of 12%. Currently with trailing-twelve-month earnings of AU$72m, we can expect this to reach AU$88m by 2020. Below is a brief commentary on the longer term outlook the market has for G8 Education. For those interested in more of an analysis of the company, you canresearch its fundamentals here. See our latest analysis for G8 Education The longer term view from the 12 analysts covering GEM is one of positive sentiment. Broker analysts tend to forecast up to three years ahead due to a lack of clarity around the business trajectory beyond this. To get an idea of the overall earnings growth trend for GEM, I’ve plotted out each year’s earnings expectations and inserted a line of best fit to determine an annual rate of growth from the slope of this line. This results in an annual growth rate of 14% based on the most recent earnings level of AU$72m to the final forecast of AU$112m by 2022. This leads to an EPS of A$0.25 in the final year of projections relative to the current EPS of A$0.16. With a current profit margin of 8.4%, this movement will result in a margin of 10% by 2022. Future outlook is only one aspect when you're building an investment case for a stock. For G8 Education, there are three key aspects you should further research: 1. Financial Health: Does it have a healthy balance sheet? Take a look at ourfree balance sheet analysis with six simple checkson key factors like leverage and risk. 2. Valuation: What is G8 Education 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 G8 Education is currently mispriced by the market. 3. Other High-Growth Alternatives: Are there other high-growth stocks you could be holding instead of G8 Education? Exploreour interactive list of stocks with large growth potentialto get an idea of what else is out there you may be missing! We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
What Kind Of Shareholder Owns Most NEXTDC Limited (ASX:NXT) Stock? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! If you want to know who really controls NEXTDC Limited (ASX:NXT), then you'll have to look at the makeup of its share registry. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. Companies that used to be publicly owned tend to have lower insider ownership. NEXTDC isn't enormous, but it's not particularly small either. It has a market capitalization of AU$2.2b, which means it would generally expect to see some institutions on the share registry. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about NXT. See our latest analysis for NEXTDC Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors own 59% of NEXTDC. 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. 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 NEXTDC's historic earnings and revenue, below, but keep in mind there's always more to the story. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in NEXTDC. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own less than 1% of NEXTDC Limited. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own AU$18m worth of shares. Arguably, recent buying and selling is just as important to consider. You canclick here to see if insiders have been buying or selling. The general public, with a 40% stake in the company, will not easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. 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.
MLB All-Star Game rosters announced The 2019 MLB All-Star Game rosters are out, and they feature plenty of new blood for the Midsummer Classic at Cleveland’s Progressive Field on July 9. Among the top pitchers for the National League All-Stars are owners of six of the last eight Cy Young Awards in Max Scherzer, Clayton Kershaw and Jacob deGrom, as well as some first-timers like Hyun-jin Ryu and Mike Soroka. The NL reserves include Anthony Rendon finally getting his first All-Star selection, as well as rookie slugger Pete Alonso and three members of the Colorado Rockies. Last year’s MVP in Mookie Betts leads the American League reserves alongside some other delightful sluggers like Joey Gallo and Daniel Vogelbach. Justin Verlander, making his eighth All-Star appearance, headlines a pitching staff heavy on new blood like Lucas Giolito, Mike Minor and Jake Odorizzi. The All-Stars are coming to Cleveland's Progressive Field on July 7.. (Photo by Frank Jansky/Icon Sportswire via Getty Images) Ryu has already been confirmed by his manager Dave Roberts, who is also managing the NL squad, as the starter for the game. Who starts the game for the AL could come down to Verlander and Minor, among others. Here are the full rosters: National League All-Star starters C – Willson Contreras, Chicago Cubs 1B – Freddie Freeman, Atlanta Braves 2B – Ketel Marte, Arizona Diamondbacks SS – Javier Báez, Chicago Cubs 3B – Nolan Arenado, Colorado Rockies OF – Christian Yelich, Milwaukee Brewers OF – Cody Bellinger, Los Angeles Dodgers OF – Ronald Acuña Jr., Atlanta Braves National League All-Star reserves Pete Alonso, New York Mets Josh Bell, Pittsburgh Pirates Anthony Rendon, Washington Nationals Paul DeJong, St. Louis Cardinals Trevor Story, Colorado Rockies Kris Bryant, Chicago Cubs Mike Moustakas, Milwaukee Brewers Yasmani Grandal, Milwaukee Brewers J.T. Realmuto, Philadelphia Phillies Charlie Blackmon, Colorado Rockies David Dahl, Colorado Rockies Jeff McNeil, New York Mets National League All-Star pitchers Max Scherzer, Washington Nationals Hyun-jin Ryu, Los Angeles Dodgers Mike Soroka, Atlanta Braves Zack Greinke, Arizona Diamondbacks Story continues Luis Castillo, Cincinnati Reds Walker Buehler, Los Angeles Dodgers Jacob deGrom, New York Mets Clayton Kershaw, Los Angeles Dodgers Sandy Alcantara, Miami Marlins Will Smith, San Francisco Giants Josh Hader, Milwaukee Brewers Kirby Yates, San Diego Padres American League All-Star starters C – Gary Sanchez, New York Yankees 1B – Carlos Santana, Cleveland Indians 2B - DJ LeMahieu, New York Yankees SS – Jorge Polanco, Minnesota Twins 3B – Alex Bregman, Houston Astros OF – Mike Trout, Los Angeles Angels OF – George Springer, Houston Astros OF – Michael Brantley, Houston Astros DH – Hunter Pence, Texas Rangers American League All-Star reserves Mookie Betts, Boston Red Sox Matt Chapman, Oakland Athletics Tommy La Stella, Los Angeles Angels James McCann, Chicago White Sox Daniel Vogelbach, Seattle Mariners Whit Merrifield, Kansas City Royals Jose Abreu, Chicago White Sox Francisco Lindor, Cleveland Indians J.D. Martinez, Boston Red Sox Austin Meadows, Tampa Bay Rays Joey Gallo, Texas Rangers American League All-Star pitchers Justin Verlander, Houston Astros Lucas Giolito, Chicago White Sox Gerrit Cole, Houston Astros Mike Minor, Texas Rangers Jake Odorizzi, Minnesota Twins Marcus Stroman, Toronto Blue Jays John Means, Baltimore Orioles Charlie Morton, Tampa Bay Rays Shane Greene, Detroit Tigers Aroldis Chapman, New York Yankees Brad Hand, Cleveland Indians Ryan Pressly, Houston Astros More from Yahoo Sports: Durant ready to join Brooklyn, along with Kyrie and DeAndre World Cup: England’s coach praises Rapinoe's character Mets put living players in ‘In Memoriam’ montage Gronk's physical appearance sends a clear message about retirement
Do Directors Own NEXTDC Limited (ASX:NXT) Shares? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! A look at the shareholders of NEXTDC Limited (ASX:NXT) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. We also tend to see lower insider ownership in companies that were previously publicly owned. With a market capitalization of AU$2.2b, NEXTDC is a decent size, so it is probably on the radar of institutional investors. In the chart below below, we can see that institutional investors have bought into the company. We can zoom in on the different ownership groups, to learn more about NXT. See our latest analysis for NEXTDC 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. NEXTDC already has institutions on the share registry. Indeed, they own 59% 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 NEXTDC's historic earnings and revenue, below, but keep in mind there's always more to the story. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in NEXTDC. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. 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. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own less than 1% of NEXTDC Limited. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own AU$18m worth of shares. It is good to see board members owning shares, but it might be worth checkingif those insiders have been buying. The general public, with a 40% stake in the company, will not easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand NEXTDC better, we need to consider many other factors. I always like to check for ahistory of revenue growth. You can too, by accessing this free chart ofhistoric revenue and earnings in thisdetailed graph. Ultimatelythe future is most important. You can access thisfreereport on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
NBA free agency: Orlando Magic to re-sign Terrence Ross The Magic's Terrence Ross (31) is re-upping with Orlando on a $54 million deal. (AP Photo/Michael Dwyer) Free agent Terrence Ross has agreed to stay with the Orlando Magic, according to ESPN. Ross will reportedly ink a $54 million contract over four years. Free agent Terrence Ross has agreed to a four-year, $54M deal to return to the Orlando Magic, CAA agent Aaron Mintz tells ESPN. Adrian Wojnarowski (@wojespn) June 30, 2019 The small forward/guard was drafted by the Toronto Raptors in 2012 and played there until 2017, when he was traded to the Magic as part of the Serge Ibaka deal. [Free agency updates: Keep track of the moves, rumors, cap space and more ] He averaged a career-high 15.1 points and played in 81 games last season. Magic also add forward Al-Farouq Aminu Free agent Al-Farouq Aminu has agreed to a three-year, $29M deal with the Orlando Magic, league sources tell ESPN. Player option on third year. Adrian Wojnarowski (@wojespn) June 30, 2019 Al-Farouq Aminu played the last four seasons with the Portland Trail Blazers, starting 81 games for them last year, averaging 9.4 points and 7.5 rebounds. Aminu was the No. 8 overall draft pick by the Los Angeles Clippers in 2010. Hes played for New Orleans and Dallas as well. More from Yahoo Sports: Durant ready to join Brooklyn, along with Kyrie and DeAndre World Cup: Englands coach praises Rapinoe's character Mets put living players in In Memoriam montage Gronk's physical appearance sends a clear message about retirement
Facebook will ban ads that tell people in U.S. not to vote By ARRIANA MCLYMORE (Reuters) - Facebook Inc will ban ads that discourage people from voting ahead of the 2020 U.S. presidential election, according to its second annual Civil Rights Audit published on Sunday. Facebook pledged to put its new "don't vote" policy prohibition into effect in the fall, before the 2019 U.S. elections on Nov. 5, Chief Operating Officer Sheryl Sandberg said in a blog post announcing the report. Last year, Facebook expanded its policies against voter suppression by banning posts that spread misinformation on voting methods, election dates and times, and polling locations. Those rules include banning intimidation tactics such as misrepresentations on whether votes will be counted. The new "don't vote" policy is in its developmental stages and the company is seeking advice from voting organizations. Facebook said the policy is likely to only apply in the United States in its initial release and will not include the policing of organic posts from users. Facebook said it works proactively to remove malicious election-related content. The company is now encompassing "do not vote" ads in its efforts to ward off coordinated efforts to influence elections. The social media giant has been used to spread misinformation about previous elections. U.S. intelligence agencies say there was an extensive Russian cyber-influence operation during the 2016 campaign aimed at helping President Donald Trump get elected. Russia has repeatedly denied the allegations. "We focused on ads because there is a targeted component in them," Facebook Public Policy Director Neil Potts said. "We recognize it as a political tactic, which is much more in line with voter suppression." Ads telling people to "boycott the election" disproportionately targeted African American Facebook users, according to Ian Vandewalker, senior council at the Brennan Center for Justice. The world's biggest social network also pledged to introduce a new misinformation policy in the fall ahead of the 2020 U.S. Census, prohibiting misrepresentations of Census requirements or methods, it said. Story continues Facebook began conducting the annual Civil Rights Audit in 2018 to address concerns from underrepresented communities and advocacy groups on its platform. The company has come under scrutiny over its hands-off approach to the content posted on its platform. It does not ban most forms of misinformation, instead posting warnings downgrading misleading material so it reaches fewer people. Russian influence on U.S. elections has sparked heavy criticism of Facebook; however, it helped the company identify key tactics used in misinformation campaigns. Facebook set up its first war room in October 2018 to combat misinformation campaigns during the U.S. midterm elections. Similar war rooms were set up this year in Brazil, India and Europe ahead of elections. Facebook's next Civil Rights Audit progress report is set to be released early next year. (Reporting by Arriana McLymore; Editing by Kenneth Li and Phil Berlowitz)
NBA free agency: Jazz add Bojan Bogdanovic The Utah Jazz are building something interesting out in Salt Lake City. Less than two weeks after adding star point guard Mike Conley in a trade , the Jazz have agreed to a four-year, $73 million deal with former Indiana Pacers wing Bojan Bogdanovic, according to ESPNs Adrian Wojnarowski. Indiana's Bojan Bogdanovic has agreed to a four-year, $73M deal with the Utah Jazz, league sources tells EPN. Adrian Wojnarowski (@wojespn) June 30, 2019 The deal was reportedly a fallback for the Jazz after free agent forward Nikola Mirotic opted to leave the NBA for Barcelona . Once Nikola Mirotic made a surprising decision to return to Europe, new Jazz GM Justin Zanik pivoted and made a strong push to sign Bogdanovic out of Indiana. In his first few months as GM, Zanik has landed Mike Conley and Bogdanovic. Jazz are a legitimate Western contender now. Adrian Wojnarowski (@wojespn) June 30, 2019 The addition of Bogdanovic gives the Jazz another shooter on the perimeter with Joe Ingles, which should be a good match with a backcourt of Mike Conley and Donovan Mitchell. [Free agency updates: Keep track of the moves, rumors, cap space and more ] The move also meant that the Jazz were not able to retain free agent power forward Derrick Favors. The team reportedly addressed that loss by signing veteran big man Ed Davis to a two-year, $10 million deal. Free agent F Ed Davis has agreed to a two-year, $10M with the Utah Jazz, CAA agent Aaron Mintz tells ESPN. Adrian Wojnarowski (@wojespn) July 1, 2019 Even if Davis doesnt quite replace Favors, bringing in Bogdanovic should help establish the Jazz as one of many contenders in a wide-open Western Conference this season. More from Yahoo Sports: Durant ready to join Brooklyn, along with Kyrie and DeAndre World Cup: Englands coach praises Rapinoe's character Mets put living players in In Memoriam montage Gronk's physical appearance sends a clear message about retirement
【幸福香江】真金不怕洪爐火（地產小子）筆者參觀多個新盤示範單位，近年發現一個有趣的現象，就是不同發展商對參觀者的態度迴異。以本地發展商來說，除了長實完全歡迎準買家在安全的情況下在示範單位任影任度尺之外，部分標榜樓盤質素的本地發展商，對於準買家仔細參觀單位，竟然有所顧忌。筆者曾經遇過某發展商的保安人員，試圖阻止筆者在無改動示範單位內拍攝，經投訴後有關保安人員才放行；筆者亦曾在參觀另一發展商的現樓單位時，被保安人員重複紀錄筆者的個人資料。這些小動作難免令人懷疑，這些發展商是否對他們自家出品信心不足。相反，中資發展商對參觀清水房和現樓單位的準買家，態度就相對友善，近年數間在香港有新盤銷售的發展商，例如萬科、中國海外、保利等，他們都深明準買家的體驗，是打從參觀示範單位的一刻已經開始，他們對自家出品充滿信心，完全不介意準買家仔細留意單位細節，甚至不怕準買家到處比較。最近筆者參觀一個中資發展商為賣方的現樓單位，發展商職員除了講解樓盤特色，還告訴筆者他們在購入項目後，如何改善間隔及用料等細節，盡量提升住客體驗，令單位更實用，並強調單位在交樓前將會仔細檢查和執修。雖然現階段中資發展商在交樓質素未必能媲美港資發展商，但他們的誠意和信心，卻值得本地發展商借鏡。所謂有競爭才有進步，中資發展商參與香港房地產市場，會否為香港房地產市場帶來正面改變，相信時間會證明一切。
Is Vita Group Limited's (ASX:VTG) ROE Of 23% Impressive? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. To keep the lesson grounded in practicality, we'll use ROE to better understand Vita Group Limited (ASX:VTG). Our data showsVita Group has a return on equity of 23%for the last year. Another way to think of that is that for every A$1 worth of equity in the company, it was able to earn A$0.23. See our latest analysis for Vita Group Theformula for ROEis: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Vita Group: 23% = AU$25m ÷ AU$106m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. It is all the money paid into the company from shareholders, plus any earnings retained. Shareholders' equity can be calculated by subtracting the total liabilities of the company from the total assets of the company. Return on Equity measures a company's profitability against the profit it has kept for the business (plus any capital injections). The 'return' is the amount earned after tax over the last twelve months. That means that the higher the ROE, the more profitable the company is. So, as a general rule,a high ROE is a good thing. That means it can be interesting to compare the ROE of different companies. Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. As is clear from the image below, Vita Group has a better ROE than the average (13%) in the Specialty Retail industry. That is a good sign. I usually take a closer look when a company has a better ROE than industry peers. One data point to check is ifinsiders have bought shares recently. Companies usually need to invest money to grow their profits. That cash can come from issuing shares, retained earnings, or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the use of debt will improve the returns, but will not change the equity. That will make the ROE look better than if no debt was used. Although Vita Group does use a little debt, its debt to equity ratio of just 0.093 is very low. Its ROE is very impressive, and given only modest debt, this suggests the business is high quality. Careful use of debt to boost returns is often very good for shareholders. However, it could reduce the company's ability to take advantage of future opportunities. Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. In my book the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So I think it may be worth checking thisfreereport on analyst forecasts for the company. Of course,you might find a fantastic investment by looking elsewhere.So take a peek at thisfreelist of interesting companies. 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.
2019 FIFA Women's World Cup: USWNT coach Jill Ellis grew to love soccer in England, but couldn't pursue playing LYON, France — Jill Ellis wanted to play. Of course she wanted to play. Her father coached soccer. Her brother played soccer. The entire family would gather around the television and watch soccer — she was an “all in” for Manchester United, she said. She couldn’t play though. Not organized soccer. This was the 1960s and she was a little girl on the South Coast of England. Females were essentially banned from playing in England (technically, they weren’t allowed to play on men’s federation grounds until 1971, but that was enough to snuff the game out). “I had zero opportunity to play football over the years,” Ellis said. All she had was “playing with the boys in the schoolyard, with my brother in the backyard,” she said. All she had was wondering what could have been. On Tuesday at 3 p.m. ET Jill Ellis, now the head coach of the United States women’s soccer team, will match up in the World Cup semifinal against her native England, the country that robbed her youth of the sport to which she’s dedicated her life. Yes, that was a long time ago. No, the people involved aren’t the same. Yes, England has come a long, long way — its team is now a legitimate global power. But still … the coincidence and significance of the match-up, played against her personal history, can’t be lost on anyone. Well, on Sunday at least, Ellis chose not to make this about her, her past or into any kind of an old revenge game — with Ellis at the helm of a juggernaut. Maybe human nature wins out in public, but at this point, it was just about preparing her team. The U.S. team. “She’s 100 percent American now,” forward Alex Morgan said. Jill Ellis wasn't allowed to pursue a playing career in England. Instead, she did so in America, and is now leading the top-ranked team in the world. (Getty) The Ellis family eventually moved to the United States where, free to play, Jill led her high school in Fairfax, Virginia to a 1984 state championship and became a third-team All American at William & Mary. She then followed her dad into coaching, eventually leading the University of Illinois, then UCLA and since 2014, the USWNT. Story continues She boasts an 11-0-1 career World Cup record, including the 2015 title. She’s two more away from another. She’s come a long way. So has the sport. There’s still more to go, of course. Ellis is the No. 1 coach in the world. Yet according to fiscal 2017 tax filings, the most recent available for U.S. Soccer, Ellis was paid just $292,151 in total compensation. By comparison, men’s coach Bruce Arena earned $400,000 for just four months’ work and men’s assistant Andres Herzog made $446,885. (Former men’s head coach, Jurgen Klinsman, received a $3.275 million settlement that year upon getting fired.) Ellis signed a new contract since, presumably richer, although details aren’t yet known. The pay scale part is the decision of U.S. Soccer, of course. Some of it is a biproduct of the marketplace — unlike with men’s coaches, there aren’t any wealthy bidders from top pro women’s leagues, college programs or national clubs to drive up demand. Ellis has almost nowhere to go. Much of that is because so many European countries wouldn’t allow girls such as Ellis to play all those years. England lifted its ban about the same time as Germany and others finally took the game out of the shadows. Even then, while the U.S. was beginning to invest in women’s sports due to Title IX, the rest of the world mostly ignored it. To this day, this event, the World Cup, suffers. It’s made up ground in terms of quality of play, but it’s eons behind men's soccer in audience, revenue and commitment from FIFA. As such, so are salaries. So is everything. Jill Scott (8) and England have become a power in women's soccer, one that Jill Ellis never had a chance to be part of. (Getty) It’s those old prejudices still impacting Jill Ellis. At least, she got to the United States when she did. “That’s really what America gave me,” she said. “An environment to put on my first ever team uniform in terms of soccer. I always loved the sport and now it just kind of gave me a vehicle to kind of really experience it even more. “I never thought I’d end up coaching it,” she continued. “Wasn’t the plan. And then I think just the passion — you find out you love what you do. That’s kind of what I decided to do in terms of shifting careers.” She’s an American now. England is in the past, a past that, at least publicly in the run-up to the game, she’d rather think back on fondly. She received a question Sunday from a reporter from the Daily Mail, a classic British working class tabloid. “Now that [newspaper] I used to read a lot,” she said with a smile. “The Telegraph was a bit expensive for me.” “Still a great value, Jill,” the reporter cracked. She laughed at the British wit. This was no time to be bitter. “Yeah, England is,” she said, before pausing, “... I have a lot of fond memories. I was a Pompey [Portsmouth] lass — I can’t say I supported Pompey all the time. I was a Man United fan since I was seven. But yeah, a lot of fond memories, a lot of great people, spent many, many summers up in Edinburgh. So my whole British culture in growing up, still I think is with me for sure. And I’m very grateful for that. “Because I don’t think had I grown up in another country that maybe the passion for football would be where it is and where it was.” England wouldn’t let her play. But it led her to where she is anyway, she figures. All eyes on Tuesday, for Jill Ellis. All eyes on the future. More from Yahoo Sports: Durant ready to join Brooklyn, along with Kyrie and DeAndre World Cup: England’s coach praises Rapinoe's character Mets put living players in ‘In Memoriam’ montage Gronk's physical appearance sends a clear message about retirement
Stocks rise, S&P 500 hits new high on US-China trade progress U.S. stocks jumped on Monday morning as investors reacted to the progress between the U.S. andChina at the G20as well as the historic meeting between President Trump and North Korean's leader Kim Jong Un. The S&P 500 hit an intraday high right at the open of the markets. Tech companies including semiconductor leaders are seeing early gains. U.S. benchmark oil prices surge nearly 3 percent higher to levels not seen in five weeks on the possibility rising demand due to improving U.S.-China trade negotiations, and reduced global supply due to an OPEC plan with Russia to extend production cuts into 2020. Stocks around the globe also reacted with gains. Chinese shares ended at their highest level in more than two months. The Shanghai Composite jumped 2.2 percent, Japan's Nikkei added 1.8 percent. Hong Kong's Hang Seng was closed for a holiday. In Europe, London's FTSE rose 1.3 percent, Germany's DAX gained 1.3 percent and France's CAC was 0.8 percent higher. In Economic news, The U.S. economy's manufacturing sector expanded in June but at a slower pace than the previous month and the slowest pace overall since October 2016. The Institute for Supply Management (ISM) said its index of national factory activity fell to 51.7 from 52.1 the month before. The reading was just above expectations of 51 from a Reuters poll. The Commerce Department said on Monday construction spending declined 0.8 percent, the biggest drop since last November. Data for April was revised to show construction outlays rising 0.4 percent instead of being unchanged as previously reported. Economists polled by Reuters had forecast construction spending would rise 0.1 percent in May. In Asian markets,Trump’s visitcomes a day after he attended the G20 summit in Japan where he met with Chinese President Xi Jinping to push forward trade talks amid the two countries’ stalemate. He also cut a temporary deal withChinese tech giant Huaweiallowing U.S. suppliers to sell components to the company. PresidentTrumptold FOX News' Tucker Carlson in an exclusive interview he is optimistic about a possible trade deal between his administration and Chinese President Xi Jinping. "You just recently hours ago met with the Chinese president, Xi Jinping," Carlson said. "Are you closer, do you think after that meeting, to a trade deal?" "I think so," Trump replied. "We had a very good meeting. He wants to make a deal. I want to make a deal. Very big deal, probably, I guess you'd say the largest deal ever made of any kind, not only trade." Trump said Sunday he and Kim agreed to resume denuclearization discussions in the coming weeks, four months after talks broke down during the second U.S.-North Korea summit in Vietnam. Further gains kicking off July will continue the stellar performance for the first half of the year and the strongest month for stocks in decades. Semiconductor stocks are surging after the U.S. and China agreed to resume trade talks. Industrial stocks are also getting a boost. The Dow Jones Industrial Average jumped 7.2 percent jump, the best since 1938, the S&P 500 added 6.9 percent, the strongest June since 1955 and the Nasdaq 7.4-percent - its best showing since 2000 as tracked by the Dow Jones Market Data Group. U.S. investors are heading into a shortened holiday week with markets closing early on Wednesday at 1pm ET and full closure on Thursday in celebration of July 4th. FOX Business' Suzanne O'Halloran contributed to this article. Related Articles • Best Buy Celebrates 50 Yrs With Saleathon; Will It Turn 60? • Canadian Solar Is Facing More Challenges Than It Appears • Target Adds Private Bathrooms to Quell Transgender Debate
The Latest: San Francisco parade halted by protest of police NEW YORK (AP) — The Latest on parades and marches throughout the country celebrating Pride (all times local): 6:55 p.m. The San Francisco parade was stopped for nearly an hour when demonstrators linked arms in the street to protest police presence at the march. The San Francisco Chronicle reported Sunday that about 40 people halted the parade for about 50 minutes. The newspaper says two people were arrested and taken away in a police van as the crowd called for them to be released. Police said they could not immediately confirm details of the incident. Demonstrators handed out a letter calling for the march to exclude police, saying they didn't agree with inviting officers to mark the anniversary of a clash with authorities. ___ 5:25 p.m. New York Gov. Andrew Cuomo has signed legislation that would bar people who attack or kill a gay person in the state from arguing they panicked over their victim's sexuality. The Democrat signed the bill on Sunday in Manhattan, where he was taking part in the city's LGBTQ pride march. The state Legislature passed the measure earlier in June. Previously, those accused of violent attacks could argue that they were under extreme distress, that they panicked after the victim made a sexual advance or otherwise revealed their sexuality. The legislation made it that such an excuse could not be considered a "reasonable explanation" for a violent crime. ___ 4:20 p.m. Chicago police say the remainder of the city's Pride Parade has been canceled as thunderstorms roll through the area. The department tweeted the message about three hours after Sunday's parade started, citing inclement weather. As the storms hit, parade officials said they'd hold floats that hadn't left the start of the four-mile route. Emergency management officials advised attendees to seek shelter. It was unclear how many floats remained when the parade was called off. Police and parade organizers didn't immediately return messages. Story continues Much of the parade took place before the storms. Mayor Lori Lightfoot led the festivities as a grand marshal. She's Chicago's first openly gay mayor and walked alongside her wife, Amy Eshleman. Sunday's parade marks the 50th anniversary of the police raid that sparked the modern-day gay rights movement. ___ 3:30 p.m. Thousands marched in the streets of San Francisco waving rainbow flags and dancing to upbeat music in the city's Pride parade. Elected officials and members of gay rights organizations joined Sunday's march while community members wearing "Pride" T-shirts waved them on. Democratic California Assemblyman Phil Ting told KPIX-TV the message they were hoping to send was "we build bridges, not walls." Larraine and Peter Browne, who were visiting from Australia, told the San Francisco Chronicle they had never seen anything like Pride parade, and were especially fascinated with the costumes. ___ 3:15 p.m. Chicago Mayor Lori Lightfoot is leading the city's Pride Parade as a grand marshal, walking alongside her wife and wearing a T-shirt reading "Chicago Proud" with rainbow-colored lettering. Lightfoot is the city's first openly gay mayor and one of several grand marshals in a parade that's packed rainbow-clad crowds along a 4-mile (6-kilometer) route. Sunday's parade caps a month of festivities in Chicago. Lightfoot, who took office in May, occasionally held hands with her wife, Amy Eshleman, as onlookers cheered. Ahead of the parade, Lightfoot said she was humbled to take part in the festivities and felt as though she's come a long way. Similar parades took place nationwide on Sunday. ___ 12:55 p.m. Thousands of people packed onto Fifth Avenue in Manhattan as the Pride march started. Revelers dressed in rainbow-colored clothing waved flags and signs as the parade got underway. Some people climbed up on street lamp posts or were on people's shoulders to get a better view of the parade. Twenty-nine-year-old Alyssa Christianson, who lives in New York, says she's been to the Pride parade before, but this is the first year she dressed up. She turned a Pride flag into a cape. Christianson loves coming to the parade because she says "everybody's happy and everybody's excited." Security was tight with police officers stationed throughout the route. ___ 12:15 p.m. Illinois Gov. J.B. Pritzker has created a task force to study the rights of transgender students. The Democrat signed an executive order Sunday, the day of Pride parades nationwide including in Chicago. The order also directs the State Board of Education on related issues, including publishing resources on the legal rights of transgender and gender-nonconforming students. The task force will be made up of 25 people appointed by Pritzker. They'll study what schools are doing to promote LGBTQ rights to make sure students have "welcoming" and "inclusive" environments. Their report is due in January 2020. Advocacy group Equality Illinois calls it a positive step, but says stronger statewide protections are needed. Chicago's Pride Parade starts at noon. Lori Lightfoot, the city's first openly gay mayor, is one of several grand marshals. ___ 10:45 a.m. Protesters are marching outside the historic Stonewall Inn to mark the 50th anniversary of the police raid that sparked the modern day gay rights movement. The Queer Liberation March started Sunday morning at the bar where patrons resisted a police raid in 1969. The march is planned to coincide with the larger Pride parade set to begin Sunday afternoon. The organizers of the queer march say the larger Pride event is too commercialized and heavily policed. Twenty-four-year-old Jake Seller, an Indiana native now living in Brooklyn, is one of the march's volunteers and says it "will always remain a protest, not an advertisement." Other attendees wanted to celebrate how far the LGBTQ community has come. ___ 3:10 a.m. New York is throwing a massive LGBTQ Pride march as other cities including San Francisco, Chicago and Seattle also host parades commemorating the 50th anniversary of the clash between police and gay bar patrons that sparked the modern gay rights movement. New York's Pride march kicks off at noon Sunday with 677 contingents including community groups, major corporations and cast members from FX's "Pose." Organizers say they expect 150,000 people to march as hundreds of thousands more line the streets. A smaller Queer Liberation March is scheduled to start at 9:30 a.m. at the Stonewall Inn, proceeding to Central Park for a rally. The organizers of the queer march say the larger Pride event is too commercialized and heavily policed.
Will Meghan Markle and Prince Harry Bring Archie on Their Trip to Africa This Fall? Photo credit: WPA Pool - Getty Images From Town & Country Prince Harry and Meghan Markle have officially confirmed their plans for a royal tour this fall -their first since baby Archie was born in May. And while fans would undoubtedly love to see the whole family come along for the trip, it wasn't always clear if Archie would be able to make it. There were reports that the palace was looking into security and safety concerns that might come from taking a months-old child abroad on a highly publicized royal tour. However, it's seeming more and more likely that Archie will be able to come. First, Harry and Meghan 's official Instagram shared a post announcing the trip, explaining that both the Duke and Duchess would undertake a tour of South Africa, while Harry would also visit Malawi, Angola, and Botswana . At the end, the caption noted that it would "be their first official tour as a family," leading fans to suspect that Archie would travel to Africa, too. View this post on Instagram TRH The Duke and Duchess of Sussex are excited to announce that they have been asked to carry out a tour to Southern Africa this autumn. The Foreign and Commonwealth Office have requested a visit to South Africa 🇿🇦 as well as The Duke carrying out visits to Malawi 🇲🇼 and Angola 🇦🇴. His Royal Highness will also do a short working visit to Botswana 🇧🇼 en route to the other countries. The Duke and Duchess are really looking forward to meeting so many of you on the ground and continuing to raise awareness of the high impact work local communities are doing across the Commonwealth and beyond. This will be their first official tour as a family! A post shared by The Duke and Duchess of Sussex (@sussexroyal) on Jun 27, 2019 at 8:14am PDT Now, royal journalists are beginning to confirm these suspicions. A new ITV report claims that Harry and Meghan's tour will begin and end in South Africa, and that Archie will join for this portion of the trip. But while Harry is off on his tours of Malawi and Angola, and a "working visit" to Botswana, Meghan and Archie will remain in South Africa. "As [Prince Harry] will be traveling in small aircraft, it's been decided it was not suitable for baby Archie-who will stay in South Africa with his mum," the article explains. Story continues The palace has yet to confirm this, but it's expected that further details of Harry and Meghan's tour-including how Archie will figure into it-will be released in due course. ('You Might Also Like',) 12 Weekend Getaway Spas For Every Type of Occasion What Your Favorite Champagne Brand Says About You Beauty Gurus Share Their Makeup Secrets for Older Women
Revolut launches new, effortless way to donate to charities Revolutis a UK-based financial services company that offers clients a bank account and a pre-paid card, with many of its services free or incurring a lower fee than you'd get from a typical bank. It's now also offering a new feature that makes it really easy to donate to charities — every time you make a payment. The feature, called Donations, lets you round up your Revolut card payments and donate the spare change to a charity of your choice. The service is kicking off with three charities:ILGA-Europe,Save the ChildrenandWWF. SEE ALSO:You can now donate through stickers in Instagram StoriesRead more... More aboutDonations,Revolut,Tech, andBig Tech Companies
Fearing stock market rout, investors seek shelter in dependable dividends * S&P 500 up 16.7% this year * Low volatility stocks outperform amid investor unease * U.S. income funds draw inflows * Global consumer goods, utilities flows: https://tmsnrt.rs/2Xfh2Ay By Helen Reid LONDON, July 1 (Reuters) - Defensive equity strategies focused on high payouts and steady earnings have gained in popularity this year as investors flock to safety, worried the biggest stock market rally in decades is about to come crashing down. Investors have piled into defensive sectors, which generate higher dividends and have steady revenue streams, for the first time in two years, viewing them as the safest bet as global growth slows and trade tensions rise, data shows. Globally, utilities stocks have pulled in $4.5 billion this year while consumer goods stocks have drawn in $3.2 billion, according to EPFR data. This breaks a two-year exodus from those sectors and is the latest sign of how uneasy investors are with stocks at record-high levels in a worsening economic climate. The inflows accelerated at the start of May, when hopes of a truce in a trade war between the U.S. and China were dashed. The strategy has paid off. Unusually, focusing on the parts of the stock market considered safer not only protected investors from the worst of the sell-off late last year, but also helped them outperform during the first-quarter rally of 2019. High-dividend and "low volatility" stocks, which tend to move less sharply than the average stock, have beaten market benchmarks. That underscores how "defensive", not to mention hated, this year's rally has been. "You have your equity market that's up 16% (year-to-date) but low volatility is beating it. You certainly don't expect that in any other bull market," said Nick Alonso, director of multi-asset at PanAgora Asset Management in Boston. "Defensive assets did well in Q4, they protected on the downside and they also picked up that upside in Q1," he added. The S&P 500 is up a whopping 16.7% this year, soaring to a record high last week, but an index tracking just the "low volatility" stocks in the S&P 500 is beating that, up 17.4% year-to-date. Low volatility also outperformed in 2018. "The return to minimum variance (low volatility) and traditional defensive strategies has been somewhat out of the ordinary," said Panagora's Alonso. The interest from prospective clients in Panagora's defensive equity strategies fund has more than doubled from the same period last year, he added. BEARS AT RECORD HIGHS The extent of investor mistrust towards the stock market's relentless rise is apparent in surveys such as Bank of America Merrill Lynch. Just as U.S. stock markets were hitting record highs, fund managers in the bank's June survey reported their positioning was the most bearish it's been since early 2009. The respondents also said they increased their cash buffers to 5.6% from 4.6% as they ramped up protections against a market slide. A dramatic U-turn by global central banks combined with an escalating trade conflict have made investors uneasy about the economy and uncertain about where markets go next, with all eyes on a critical meeting between U.S. President Donald Trump and Chinese premier Xi Jinping over the weekend. "There isn't much conviction out there, and it would be surprising if there were," said Kevin Gardiner, global investment strategist at Rothschild & Co. "It's not remarkable that we are seeing the market-beaters of late perhaps beginning to break down a little," he added. Global stock markets have had their best first-half returns since 1997 and yet the risks to the rally are clear. "The bull in the china shop is the political element, the trade war: there's a chance of a rapid reversal," said Guillaume Lasserre, chief investment officer at Lyxor Asset Management. Lasserre has an underweight position on banks and industrials, and is overweight pharmaceutical stocks. "We are defensively positioned, always for the same reason. We're very confident about the ability of the market to perform long-term, but there is a lack of clarity in the shorter term." Investors are also seeking to lock in returns by backing income funds which promise higher payouts. European investors have been pulling money from U.S. equity funds even as they plough billions into U.S. equity income funds. David Holohan, head of equity strategy at Mediolanum Asset Management in Dublin, is another investor shifting to more defensive positioning, unconvinced central bank support will help sustain markets. "We think monetary policy easing is one last hurrah and once that's played out, if it hasn't already, investors will look at fundamentals and see earnings estimates have been deteriorating for several months now, and that disconnect shouldn't play out much longer before equities give in," he said. (Reporting by Helen Reid; Editing by Josephine Mason and Raissa Kasolowsky)
Should You Be Worried About Insider Transactions At Vita Group Limited (ASX:VTG)? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares inVita Group Limited(ASX:VTG). It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information. We don't think shareholders should simply follow insider transactions. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard Universitystudyfound that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Vita Group Over the last year, we can see that the biggest insider sale was by the Independent Non-Executive Director, Paul Wilson, for AU$205k worth of shares, at about AU$1.13 per share. That means that an insider was selling shares at slightly below the current price (AU$1.31). We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was 71.1% of Paul Wilson's holding. Paul Wilson was the only individual insider to sell over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! I will like Vita Group better if I see some big insider buys. While we wait, check out thisfreelist of growing companies with considerable, recent, insider buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Vita Group insiders own 21% of the company, worth about AU$44m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. It doesn't really mean much that no insider has traded Vita Group shares in the last quarter. Still, the insider transactions at Vita Group in the last 12 months are not very heartening. But we do like the fact that insiders own a fair chunk of the company. Therefore, you should should definitely take a look at thisFREEreport showing analyst forecasts for Vita Group. Of courseVita Group may not be the best stock to buy. So you may wish to see thisfreecollection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
JPMorgan Chase Unveils Its 2019 Capital Program: What Investors Need to Know Recently, all of the major U.S. banks had their Comprehensive Capital Analysis and Review (CCAR) with the Federal Reserve. The CCAR, also known as the "stress test," was instituted as part of the Dodd-Frank regulations after the 2008 Great Recession. Large U.S. banks must pass these tests, which show how a similar downturn might affect their respective balance sheets, annually. If banks pass, they are allowed to return some or all of their earnings in the form of dividends orbuybacksto their shareholders. JPMorgan Chase & Co.(NYSE: JPM), the largest U.S. bank, has already been returning plenty of cash to shareholders, but after passing this year's test, that payout is set to increase. Here's what JPMorgan shareholders can look forward to in the upcoming year. JPMorgan Chase & Co. is boosting its buybacks and dividends. Image source: Getty Images. As part of its capital return program, JP Morgan announced it would be raising its dividend from $0.80 to $0.90, an increase of 12.5%. In addition, the company will increase its share repurchase authorization to $29.4 billion, which will be implemented between July 2019 and June 2020. That's a lower dividend hike versus the massive 40% dividend boost the company gave shareholders last year, although the new buyback program is more than 40% higher than the $20.7 billion share buyback program announced last year. The share repurchase amount is more than 8% of JPMorgan's currentmarket capitalization. When taken together with the roughly $3 billion in dividends based on the current 3.24 billion share count, the total return of capital will amount to nearly 9% of today's stock value. In a world of 2% yields on 10-year Treasury notes, that 9% total shareholder yield isn't too shabby at all. Interestingly, JPMorgan itself thought that it could return even more to shareholders based on its current capital ratios and risk profile. However, the Federal Reserve made JPMorgan lower its proposed capital returns in order to win approval, due to the potential for the bank to fall below minimum capital thresholds in a hypothetical severe downturn. In its 2019stress test disclosure, JPMorgan and the Federal Reserve estimated what losses and capital ratios might look like under certain adverse conditions. These include an 8% drop in U.S. GDP, a rise to 10% unemployment, housing price declines of 26%, and a 50% decline in the stock market, among others. In that cataclysmic scenario, which bears a resemblance to the decline of 2008, JPMorgan's earnings would actually go negative -- though only slightly, at a $13.1 million loss over a period of nine quarters through Q1 2021. The bank would also see its capital ratio drop from the current 12% common equity tier 1 capital (CET1) ratio to 9.5%. That is actually quite a safe number, but still below the minimum 10.5% CET1 ratio that will be required of JPMorgan this year. JPMorgan's requirements are more stringent than other U.S. banks due to its status as the largest and arguably most systematically important U.S. bank. That extra caution on the part of the Federal Reserve may make growth-oriented investors less excited about JPMorgan's stock -- or any of the systematically important banks out there. But for conservative investors who are more risk averse, having a greater margin of safety is an attractive feature. JPMorgan -- and, in fact, all the largest U.S. banks -- are coming to resemble low-growth, low-risk utilities. And yet, theirP/E ratiosare still in the very low teens (or even lower), far below the average utility stock. In fact, according to bank analystMike Mayo, banks are trading at about half the average utility P/E ratio, JPMorgan included. While banks aren't necessarily as safe as regulated utilities, that discrepancy seems far too large. JPMorgan Chase -- and all of the large U.S. banks that passed their stress tests, for that matter -- remain great values in the current market. 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 Billy Dubersteinowns shares of JPMorgan Chase. His clients may own shares of the companies mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has adisclosure policy.
How to Save More Money When You're Living Paycheck to Paycheck Although it may seem like money can solve the majority of life's problems, that's not always the case. In fact, even the wealthy sometimes struggle with keeping their head above water financially. Around 25% of American households earning $150,000 or more per year say they are living paycheck to paycheck, a survey from Nielsen Global Consumer Insights discovered. For those earning between $50,000 and $150,000 per year, that number jumps to one in three households, and half of those earning less than $50,000 per year also report living paycheck to paycheck. Image source: Getty Images When you're barely able to pay your bills each month, saving for the future can feel like an impossible task. And considering retirement is probably still decades away, you may decide to hold off on saving until you can get other areas of your financial life in order. But the longer you put off saving, themore you'll need to save each monthto reach your goal. So it's in your best interest to start stashing something away now, even if you don't have much to save. The good news is that it's entirely possible to save more money even if you're living paycheck to paycheck. It won't always be easy, but it's not as difficult as you may think as long as you follow a few simple steps. These days, budgeting is made easy throughapps that track your spendingwith next to no effort on your part. You can also do it the old-fashioned way, though, by going through your bank and credit card statements over the last few months to figure out exactly where your money is going. You don't need your budget to be 100% accurate down to the penny, but it should be as accurate as possible. In other words, don't just wing it here. If you only estimate what you're spending, it won't give you the full picture of how much you're spending and where you have room to cut back. As you're creating your budget, it's helpful to break down your spending into various categories. For example, you may want one big category that includes all your fixed costs each month, such as your rent or mortgage, car payment, student loans, etc. You can also include utility costs here, but since they often fluctuate month to month, you may have to estimate the best you can what you spend on average each month (while erring on the higher side). While you're establishing various categories, try to be as specific as possible. For instance, instead of lumping all food expenses under "food," divide them up into "groceries" and "dining out." That will give you a better idea of whether your money is going to the right places. Once you have a good idea of what you're spending each month and how much of your money is going to each spending category, it's time tomake some cuts. Even if you feel like you don't have a penny to spare, chances are there are at least a few areas where you're spending more than necessary. Start with the non-essential spending categories, such as dining out and entertainment. Do you have subscription services you're paying for but never (or rarely) use? Slash them first. What about a gym membership you've used twice in the past year? Consider whether that money could be spend better elsewhere. Are you overpaying for cable when you could switch to a streaming service? Cut the cord and save some money. As you're making these cuts, keep in mind that you don't necessarily have to cuteverythingthat's not absolutely essential. If you're spending $500 per month on takeout, it's probably a good idea to cut back. But you don't need to completely eliminate it from your budget and never eat takeout again. In fact, it might be smart to not cut everything you love. If you do, you'll likely be miserable within a week or two, making it easier to fall back into your old habits. For a more sustainable way to save money, sticking to a budget needs to become part of your lifestyle. So you can still splurge occasionally on dining out, going to the movings, or ordering your morning latte -- just cut back to a couple times a week or so instead of every day. When you've trimmed the fat from your budget and cut back on the things you don't truly need, the next step is to see if there are ways you can save money on the essential expenses. For example, you probably can't live without a phone or internet, but maybe switching to a different provider or joining a family plan could help save some money each month. Or if you live near a couple of your coworkers, maybe starting a carpool to work to save money on gas could be beneficial. If you're prepared to make some major sacrifices, you may even choose todownsize to a smaller or less expensive hometo save hundreds of dollars each month on your rent or mortgage. This is a big step, though, so make sure you've thought through all the pros and cons. But if you decide it's the right move, all that extra money can go straight to your savings. You don't need to make any drastic cuts in your budget to save more money; sometimes just trimming a few dollars from each spending category can amount to hundreds of dollars per month in savings. And even if you're living paycheck to paycheck and stretching every dollar, saving just a little is better than saving nothing at all. 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 The Motley Fool has adisclosure policy.
U.S.-China trade truce lifts global stocks, gold falls By David Randall NEW YORK (Reuters) - Global stocks rose and bonds retreated on Monday after the United States and China agreed to restart trade talks at the G20 summit over the weekend, leading investors to bet that a breakthrough between the world's two largest economies would jumpstart global economic growth. The United States and China agreed on Saturday to resume trade negotiations after U.S. President Donald Trump offered concessions to his Chinese counterpart Xi Jinping when the two met at the sidelines of the Group of 20 summit in Japan. Those included no new tariffs and an easing of restrictions on Chinese tech company Huawei Technologies Co Ltd [HWT.UL]. China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table. "It played out as well as possible," said Hans Peterson, SEB Investment Management's global head of asset allocation. "It gives us time to digest and get a bit better activity in the global economy." Broad gains in Europe and Japan pushed MSCI's broadest global index <.MIWD00000PUS> up 0.6%, adding to a rally that has been one of the global stock market's best first halves to a year ever. The benchmark S&P 500 index briefly surpassed its previous record high of 2,964.15, set on June 21, before giving back some gains. On Wall Street, the Dow Jones Industrial Average <.DJI> rose 117.47 points, or 0.44%, to 26,717.43, the S&P 500 <.SPX> gained 22.57 points, or 0.77%, to 2,964.33 and the Nasdaq Composite <.IXIC> added 84.92 points, or 1.06%, to 8,091.16. The Dow had been up more than 200 points in earlier trading. "Any step toward a trade resolution - and it doesn't have to be a lot of progress - just a step, is viewed very positively by markets," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. "And investors at this point are trying to focus on the positive in hopes that there will be some trade resolution down the line." China's CSI300 index <.CSI300> of blue-chip stocks jumped 2.6% to their highest since late April and Germany's export-heavy DAX <.GDAXI> gained 1.5% to its highest since August. The Huawei hiatus and M&A activity drove Europe's tech sector <.SX8P> to a one-year peak. [.EU] Fed funds futures <0#FF:> dropped over five ticks as the market scaled back the probability of a half-point interest rate cut this month to around 15%, from nearer 50% a week ago. <FEDWATCH> "I think the Fed expectations in the market are very aggressive; possibly a bit too aggressive," SEB's Peterson said. In currency markets, safe havens like the yen and Swiss franc gave up some recent gains. The dollar rose 0.4% on the yen to 108.26 <JPY=> and 0.7% on the Swiss franc <CHF=> to 0.9830 franc. [/FRX] The dollar added 0.4% on a basket of major currencies <.DXY> to 96.531. The dollar's gains hurt gold, which fell 1.5% to $1,388 per ounce <XAU=>. [GOL/] Oil prices rose as much as $1 a barrel before giving up some of their gains after OPEC and its allies looked set to extend supply cuts at least until the end of 2019. Iraq joined top producers Saudi Arabia and Russia in endorsing the policy. [O/R] Brent crude <LCOc1> futures rose 10 cents, or 0.2%, to $64.64 a barrel. U.S. crude <CLc1> gained 18 cents, or 0.3%, to $58.65. (Reporting by David Randall; editing by Jonathan Oatis)
Should We Be Cautious About Finbar Group Limited's (ASX:FRI) ROE Of 6.5%? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Finbar Group Limited (ASX:FRI). Over the last twelve monthsFinbar Group has recorded a ROE of 6.5%. That means that for every A$1 worth of shareholders' equity, it generated A$0.065 in profit. Check out our latest analysis for Finbar Group Theformula for return on equityis: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Finbar Group: 6.5% = AU$16m ÷ AU$248m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. It is all earnings retained by the company, plus any capital paid in by shareholders. You can calculate shareholders' equity by subtracting the company's total liabilities from its total assets. ROE looks at the amount a company earns relative to the money it has kept within the business. The 'return' is the amount earned after tax over the last twelve months. A higher profit will lead to a higher ROE. So, all else being equal,a high ROE is better than a low one. That means ROE can be used to compare two businesses. By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. If you look at the image below, you can see Finbar Group has a lower ROE than the average (8.9%) in the Real Estate industry classification. Unfortunately, that's sub-optimal. We'd prefer see an ROE above the industry average, but it might not matter if the company is undervalued. Still,shareholders might want to check if insiders have been selling. Companies usually need to invest money to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the use of debt will improve the returns, but will not change the equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same. Although Finbar Group does use debt, its debt to equity ratio of 0.41 is still low. Although the ROE isn't overly impressive, the debt load is modest, suggesting the business has potential. Careful use of debt to boost returns is often very good for shareholders. However, it could reduce the company's ability to take advantage of future opportunities. Return on equity is useful for comparing the quality of different businesses. Companies that can achieve high returns on equity without too much debt are generally of good quality. If two companies have the same ROE, then I would generally prefer the one with less debt. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. You can see how the company has grow in the past by looking at this FREEdetailed graphof past earnings, revenue and cash flow. But note:Finbar Group may not be the best stock to buy. So take a peek at thisfreelist 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.
'Let's Do It.' 3 Hours at the DMZ and a Made-for-TV Moment “Ok, let’s do it.” With those words,a deliberate stepand a pat on the arm of Kim Jong Un, President Donald Trump became the first sitting American leader to step into North Korea on Sunday as the two made history at the heavily fortified Demilitarized Zone. The made-for-television moment was unthinkable just two years ago, when the men were trading base insults and grim threats. Trump’s three-hour stop at theDMZ— of which about 80 minutes were spent with Kim — was a display of handshake-diplomacy for the history books, but also a chaotic spectacle reflective of the last-minute nature of the invitation to the authoritarian leader to join him at the border between the Koreas. Afterward, it was unclear whether the meeting was more show than substance. Other than the headline-grabbing moment and the unprecedented images, Trump’s only accomplishment appeared to be securing an agreement to restart nuclear talks that he himself had walked out on in February during his last summit with Kim in Vietnam. Trump had long planned a visit to the DMZ, dating to 2017 when a scheduled trip was canceled by fog, but aides said the public invitation for Kim to join him there was as spontaneous as it seemed. In typical Trump fashion, it started with a tweet. “I would meet him at the Border/DMZ just to shake his hand and say Hello(?)!” Trump posted about 30 hours before the visit. The secrecy that had surrounded the ill-fated attempted visit two years ago was replaced by a media frenzy stoked by the president himself. Trump said North Korea quickly responded and expressed interest in the invitation. U.S. and North Korean officials spent much of Saturday evening and early Sunday trying to surmount the immense logistical and security hurdles on such a tight timetable. Even Kim seemed unable to contain his surprise when the meeting occurred. “I never expected to meet you at this place,” he told Trump as they shook hands across the concrete slab marking the Military Demarcation Line between North and South. It was Trump who first broached the notion of walking into North Korea. “Would you like me to step across?” he asked Kim as an interpreter translated his words to Korean. “Would you like me to?” Kim waved Trump over, replying through an interpreter of his own: “If your excellency would step forward, you will be the first U.S. president to cross the border.” As Trump took his first steps, the former reality television star quickly moved to stage-manage the show of his own creation. “Come on,” he said to Kim, tapping his elbow, as they walked side by side 10 paces into the North. After a moment, they turned to face the press waiting in the South. Trump escorted Kim back to the South as a scuffle broke out between reporters and North Korean security guards, with officials shoving and trying to block the press from capturing the moment. The jostling intensified as the leaders moved to the Freedom House on the southern side of Panmunjom, where they made brief remarks to reporters and then met for roughly 50 minutes. A photographer was knocked to the ground and one reporter was seen in tears. At one point, incoming White House press secretary Stephanie Grisham side-checked a North Korean guard who was blocking reporters from the room while others security officials frantically tried to cordon off the area with yellow rope. Grisham ended up with bruises from the fracas. The U.S. Secret Service intervened in the pushing and shoving match. The president was joined in the Freedom House conversation with Kim by his daughter and son-in-law, Ivanka Trump and Jared Kushner, both senior White House advisers. Chief of staff Mick Mulvaney milled about with other aides. National security adviser John Bolton, a skeptic of the talks with Kim, was en route to Ulaanbaatar to consult with Mongolian officials on regional security issues. At one point, Ivanka Trump and Kushner stopped to enter one of the blue huts straddling the border between the two Koreas. Asked by a reporter about her trip to the North, she replied, “Surreal.” And a sequel could be in the works: Trump told reporters he had invited Kim to Washington. —What the2020 Democratic candidates didn’t sayduring the second debate —Harris has a strong showing, stuns Biden on night 2 of Democratic debate —Fact-checkingclaims from night 1 of the Democratic debate —Fact-checkingclaims from night 2 of the Democratic debate
AMD denies improperly sharing CPU tech with China AMD has been accused of feeding sensitive technology to China, and the company isn't having any of it. The chip designer hasrejectedWall Street Journalclaimsthat partnerships formed in early 2016 improperly shared x86 CPU tech with Sugon Information Industry, a supercomputer maker backed by the Chinese government. Sources talking to theWSJalleged that AMD created a "complex structure" between two joint ventures to bypass American rules, with the Commerce and Defense Departments both raising concerns that the arrangement threatened national security. AMD, however, told a different story. The company claimed that it "diligently and proactively" told the Commerce and Defense Departments (plus other agencies) about the Sugon deal, and that there were "no objections whatsoever" to either the joint ventures or the technology handover. AMD further argued that the report left out vital details, such as the "significant protections" put in place to prevent China from obtaining valuable tech. TheWSJreport noted that AMD removed encryption from the hardware design it offered to China. There's little doubt that AMD benefited from the partnerships. Licensing fees and royalties netted AMD about $293 million, while selling a majority stake in its China and Malaysia factories to a government-supported investment fund generated another $371 million. These were significant windfalls at a time when AMD was struggling to compete with Intel and NVIDIA -- now, it's putting pressure on both through itslatest CPUsandGPUs. To some extent, the accusations are coming too late regardless of their accuracy. The Commerce Department recently issued export restrictions thatcut off Chinese supercomputer makers, including Sugon. AMD currently has no choice but to sever ties with Sugon, and there's no guarantee that it'll get even a partial reprievelike Huawei did. The US government is anxious about anything that might help China replicate US technology and nullify a competitive edge, and it's not willing to take chances no matter how careful companies like AMD might be.
Natural Gas Price Futures (NG) Technical Analysis – Looking for Counter-Trend Buyers on Break into $2.274 to $2.222 Natural gas futures posted a potentially bearish closing price reversal top on Friday after the buying dried up following the previous session’s friendly U.S. government weekly storage report. After a steady climb throughout the week in anticipation of above average temperatures the next 7 to 10 days, profit-takers came in on Friday to drive prices lower as the developing bullish weather forecast began to weaken. Traders are saying that the presence of El Nino is helping to prevent a “locked in” heat system from developing over the key demand areas. Until there is sustained heat over a wide area, it’s going to be hard to create a strong rally. On Friday,August natural gassettled at $2.308, down $0.016 or +0.69%. The main trend is down according to the daily swing chart. A trade through $2.413 will change the main trend to up. A move through $2.134 will signal a resumption of the downtrend. The minor trend is also down. Taking out the closing price reversal top at $2.364 will change momentum to the upside, while a drive through $2.300 will signal the return of sellers. The main range is $2.745 to $2.134. If the main trend changes to up then look for the rally to continue into its retracement zone at $2.440 to $2.512. Short-sellers could reemerge on a test of this zone. Overtaking it will mean the buying is getting stronger. The intermediate range is $2.413 to $2.134. Its 50% level at $2.274 is the first downside target. The short-term range is $2.134 to $2.364. Its retracement zone at $2.249 to $2.222 is the next downside target. Buyers would have to form a secondary higher bottom on a test of these zones if there is any chance of a near-term rally. The minor range is $2.364 to $2.300. Its 50% level or pivot at $2.332 could control the direction of the market on Monday. Based on Friday’s close at $2.308, the direction of the August natural gas futures contract on Monday will likely be determined by trader reaction to the pivot at $2.332. A sustained move over $2.332 will indicate the presence of buyers. The first target is $2.364. This is a potential trigger point for an acceleration to the upside with the next targets coming in at $2.413 and $2.440. A sustained move under $2.332 will signal the presence of sellers. The first downside target is $2.300. This is followed by a series of retracement levels at $2.274, $2.249 and $2.222. Aggressive counter-trend buyers could come in on a test of these levels. They will be trying to produce a secondary higher bottom. Look for a potential acceleration to the downside if $2.222 fails as support. Thisarticlewas originally posted on FX Empire • E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 7830.25, Weakens Under 7818.75 • Gold Price Forecast – Gold markets gapped lower • Gold Price Futures (GC) Technical Analysis – Big Decision for Bulls on Test of $1383.30 to $1369.20 • USD/JPY Price Forecast – US dollar gaps after G 20 against yen • Crude Oil Price Forecast – Crude oil markets run into resistance • Silver Price Forecast – Silver markets find support
Knicks to sign Julius Randle, Taj Gibson After reportedly failing to secure deals with multiple marquee free agents, the New York Knicks have agreed to deals with Julius Randle, Taj Gibson and Bobby Portis, ESPN reports. Randle will sign for three years and $63 million and Gibson has agreed to a two-year $20 million contract , according to Adrian Wojnarowski. Portis will sign for two years and $31 million, according to the report. [Free agency updates: Keep track of the moves, rumors, cap space and more ] Randle, 24, averaged 21.4 points, 8.7 rebounds and 3.1 assists in 73 games with the New Orleans Pelicans last season and will find a featured role in New York alongside rookie RJ Barrett. Gibson, 34, averaged 10.8 points and 6.5 rebounds while shooting 56.6 percent from the floor in 70 games with the Minnesota Timberwolves last season. Portis, 24, averaged 14.2 points and 8.1 rebounds splitting time with the Chicago Bulls and Washington Wizards last season. Early Monday, the Knicks also reportedly agreed to a two-year, $21 million dea l with 3-point specialist Reggie Bullock. Julius Randle is reportedly headed to the Knicks. (Getty) Consolation prize for Knicks The Knicks reportedly targeted both Kevin Durant and Kyrie Irving in free agency, but the two All-Stars will reportedly suit up for the crosstown Brooklyn Nets instead. Irving reportedly agreed to a four-year, $141 million deal with the Nets while Kevin Durant confirmed that he’s going to sign with Brooklyn . Knicks owner James Dolan reportedly wasn’t prepared to offer Durant a max deal after he suffered an Achilles tear in the NBA Finals. More from Yahoo Sports: Durant ready to join Brooklyn, along with Kyrie and DeAndre World Cup: England’s coach praises Rapinoe's character Mets put living players in ‘In Memoriam’ montage Gronk's physical appearance sends a clear message about retirement
Oil steadies on OPEC cuts, but oversupply fears persist By Jessica Resnick-Ault NEW YORK (Reuters) - Oil prices pared gains on Monday after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna. The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, as the group's members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring U.S. production. OPEC is slated to meet with Russia and other producers, an alliance known as OPEC+, on Tuesday to discuss supply cuts amid surging U.S. output. Brent crude futures for September delivery settled up 32 cents a barrel at $65.06. During the session, they touched an intraday high of $66.75. The August delivery contract closed at $66.55 a barrel on Friday. U.S. crude futures for August climbed 62 cents to settle at $59.09 a barrel, after earlier touching their highest in over five weeks at $60.28. “WTI and Brent today have fallen from intraday highs as market watchers become uneasy by the long wait for the OPEC meeting to conclude, a sign that there could be some form of disagreement," said Tony Headrick, an energy market analyst at St. Paul, Minnesota commodity brokerage CHS Hedging LLC. The closed OPEC meeting lasted for more than six hours. "It's going to be hard to hold onto the gains: there's going to be a question in the market as to whether the cuts are enough," said John Kilduff, a partner at Again Capital Management in New York. "So far they're getting the benefit of the doubt, but we've slipped a bit off the highs." Iran - under U.S. sanctions alongside OPEC ally Venezuela - on Monday joined top producers Saudi Arabia, Iraq and Russia in supporting an extension of a supply cut. Russian President Vladimir Putin said on Sunday he had agreed with Saudi Arabia to extend existing output cuts of 1.2 million barrels per day (bpd) by six to nine months. Story continues Saudi Energy Minister Khalid al-Falih said the deal would most likely be extended by nine months and no deeper reductions were needed. "If Russia, Saudi Arabia and the other key OPEC members keep production at the levels they produced in H1-19 they will ensure that the global oil market is not flowing over. They will only have to pay a small restraint while reaping a nice oil price of $60-70 a barrel," said SEB's Bjarne Schieldrop. "OPEC as a whole is losing market share. But this burden is not evenly distributed as it is Venezuela and Iran who are taking almost all the pain." Oil prices have come under renewed pressure in recent months from rising U.S. supplies and a slowing global economy. U.S. crude oil output in April rose to a fresh monthly record of 12.16 million bpd, according to the U.S. Energy Information Administration, even though shale production growth likely peaked last year. Meanwhile, financial markets were buoyed by a thawing of U.S.-China relations after leaders of the world's two largest economies agreed on Saturday to restart trade talks. However, Citi analysts were skeptical that both sides would reach a deal soon. (Additional reporting by Florence Tan in SINGAPORE and Shadia Nasralla in London; editing by Diane Craft and Susan Thomas)
Could Arena REIT (ASX:ARF) Have The Makings Of Another Dividend Aristocrat? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Could Arena REIT (ASX:ARF) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. With a six-year payment history and a 4.9% yield, many investors probably find Arena REIT intriguing. We'd agree the yield does look enticing. Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below. Explore this interactive chart for our latest analysis on Arena REIT! Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. Looking at the data, we can see that 81% of Arena REIT's profits were paid out as dividends in the last 12 months. It's paying out most of its earnings, which limits the amount that can be reinvested in the business. This may indicate limited need for further capital within the business, or highlight a commitment to paying a dividend. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. The company paid out 81% of its free cash flow as dividends last year, which is adequate, but reduces the wriggle room in the event of a downturn. It's positive to see that Arena REIT's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. We update our data on Arena REIT every 24 hours, so you can always getour latest analysis of its financial health, here. Before buying a stock for its income, we want to see if the dividends have been stable in the past, and if the company has a track record of maintaining its dividend. Looking at the data, we can see that Arena REIT has been paying a dividend for the past six years. The company has been paying a stable dividend for a while now, which is great. However we'd prefer to see consistency for a few more years before giving it our full seal of approval. During the past six-year period, the first annual payment was AU$0.08 in 2013, compared to AU$0.14 last year. Dividends per share have grown at approximately 9.1% per year over this time. Arena REIT has been growing its dividend at a decent rate, and the payments have been stable despite the short payment history. This is a positive start. The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. It's good to see Arena REIT has been growing its earnings per share at 12% a year over the past 5 years. EPS are growing rapidly, although the company is also paying out more than three-quarters of its profits as dividends. If earnings keep growing, the dividend may be sustainable, but generally we'd prefer to see a fast growing company reinvest in further growth. To summarise, shareholders should always check that Arena REIT's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. Arena REIT's is paying out more than half its income as dividends, but at least the dividend is covered by both reported earnings and cashflow. Next, earnings growth has been good, but unfortunately the company has not been paying dividends as long as we'd like. In sum, we find it hard to get excited about Arena REIT from a dividend perspective. It's not that we think it's a bad business; just that there are other companies that perform better on these criteria. Earnings growth generally bodes well for the future value of company dividend payments. See if the 5 Arena REIT analysts we track are forecasting continued growth with ourfreereport on analyst estimates for the company. We have also put together alist of global stocks with a market capitalisation above $1bn and yielding more 3%. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Brookfield clinches $9 bln deal to buy Genesee & Wyoming -sources By Joshua Franklin and Greg Roumeliotis June 30 (Reuters) - Investment firm Brookfield Asset Management Inc has agreed to acquire U.S. freight railroad owner and operator Genesee & Wyoming Inc for close to $9 billion, including debt, people familiar with the matter said on Sunday. Genesee & Wyoming's decision to sell itself comes after its string of acquisitions of short-line railroads made investing in the maintenance of its expanding network more expensive, amid weakness in some of its core North American markets for the transport of steam coal and agricultural products. Some buyout firms such as Brookfield specialize in helping companies they buy bankroll further acquisitions to consolidate their sectors. The deal shows Brookfield is not fazed by the uncertainty that the trade war between the United States and China has cast on Genesee & Wyoming's business. A Brookfield infrastructure fund has agreed to pay more than $110 per share in cash for Genesee & Wyoming, the sources said, requesting anonymity ahead of an official announcement expected as early as Monday. Genesee & Wyoming shares ended trading on Friday at $100. Toronto-based Brookfield declined to comment, while Genesee & Wyoming did not immediately respond to a request for comment. Based in Darien, Connecticut, Genesee & Wyoming owns or leases 120 freight railroads in the United States, Canada, Britain and continental Europe. The company's revenues have increased at a compound annual growth rate of 16.8% since it floated in the stock market in 1996, rising to $2.3 billion in 2018 from $77.8 million, according to Genesee & Wyoming's latest annual report. Much of that growth was fueled by Genesee & Wyoming's acquisition of short-line rail assets from "Class I" carriers in North America, the biggest operators focusing on longer routes. The transport of many commodities relies on the short-line rail roads that Genesee & Wyoming operates. "Medium-term growth opportunities (for Genesee & Wyoming) remain solid, including a healthy North American pipeline of industrial development projects and spot-coal haulage contracts in Australia," Morningstar analysts wrote in a research note last month. The acquisition of Genesee & Wyoming would be the latest big leveraged buyout by Brookfield, which agreed last year to buy Johnson Controls International Plc's power solutions business for about $13 billion. Bloomberg News reported last week that an affiliate of Brookfield was "the frontrunner" to acquire Genesee & Wyoming following an auction for the company. (Reporting by Joshua Franklin and Greg Roumeliotis in New York; Editing by Peter Cooney)
Flash flooding in parts of West Virginia from severe storms ELKINS, W.Va. (AP) — Severe weekend thunderstorms caused flash flooding that knocked homes off their foundations and washed out roads in several mountainous counties of West Virginia, prompting Gov. Jim Justice to announce plans Sunday to declare a state of emergency in the region. The National Weather Service issued a flood warning for portions of northern and eastern West Virginia after several inches of rain fell rapidly on Saturday night. High water and mudslides forces several roads to be closed, including four-lane U.S. Route 33. There were no immediate reports of any deaths or injuries. In a letter Sunday afternoon, state senators and delegates representing Pendleton, Preston, Randolph and Tucker counties asked the governor to respond quickly so state resources could quickly reach the flood-hit areas. Justice, after being briefed Sunday on the extent of the flooding, said in a news release that he would make an emergency declaration official on Monday. The statement said the governor also authorized the state Department of Homeland Security and the West Virginia emergency management director to speed state resources to those in need. The West Virginia National Guard also was called to assist flood victims and the state's emergency operations center was activated. According to The Inter-Mountain of Elkins, the Randolph County Commission said in a statement that the flooding knocked homes off their foundations in the Harman, Job and Whitmer area of the state. It added that volunteer fire departments and swift boat rescue crews were sent to assist residents. "Please keep the people of this area in your thoughts and prayers," the statement said.
Dave Bautista Slams Talk of Joining Fast and Furious Franchise: 'I'd Rather Do Good Films' Dave Bautista wants no part of the Fast and Furious franchise. The Guardians of the Galaxy actor launched some WWE-style trash talk at the action films in response to a fan who suggested he should join the ever-growing cast, declaring that he wanted to work on “good films.” The exchange happened on Twitter Saturday, with a fan tweeting at Bautista, a former WWE star and mixed martial artist, that he should star as the villain in a Fast and Furious spinoff with Dwayne “The Rock” Johnson and John Cena. Johnson first joined the franchise in 2011’s Fast Five , while Cena is coming on board for the upcoming ninth installment . Bautista, 50, responded with a green with illness emoji, implying the idea made him sick. “Thank you for your consideration,” he wrote, adding a vomiting emoji and the hashtag, “I’d rather do good films.” 🤢.....thank you for your consideration...🤮 #idratherdogoodfilms https://t.co/7VT0wFG6bY — Dave Bautista (@DaveBautista) June 29, 2019 Bautista also replied to a fan who pounced on his “I’d rather do good films” hashtag by reminding him of the critically panned 2018 film Escape Plan 2 , which has a nine percent fresh rating on Rotten Tomatoes. RELATED: Dave Bautista Announces His Retirement from WWE After WrestleMania 35: ‘I Had a Hell of a Run’ “Genius! Big Dave didn’t state that he’s never done a bad film. But I did them for particular reasons that helped build an ‘acting’ career. And I got to work with Sly so in your face with that! You’re dismissed!” Bautista responded. Genius! Big Dave didnt state that he’s never done a bad film. But I did them for particular reasons that helped build an “acting” career. And I got to work with Sly so in your face with that! You’re dismissed! https://t.co/edz550V0HF — Dave Bautista (@DaveBautista) June 30, 2019 Bautista, who recently retired from the WWE, has appeared in a series of action films, most notably as Drax the Destroyer in Guardians of the Galaxy and Avengers: Infinity War and Avengers: Endgame . Story continues RELATED: Vin Diesel and Michelle Rodriguez Begin Filming for Fast & Furious 9: ‘It Feels Like a Miracle’ He’ll next appear in the action comedy Stuber with Kumail Nanjiani. Despite his implication that the Fast and Furious is stalling, the franchise has continued to release successful films since its debut in 2001. Dave Bautista in Guardians of the Galaxy \| Everett The most recent, The Fate of the Furious , premiered in 2017, and pulled in $1.2 billion at the international box office, according to Box Office Mojo. Fast & Furious 9 is scheduled for release in May 2020 , while Hobbs & Shaw , a spinoff starring Johnson, Jason Statham and Idris Elba, hits theaters Aug. 2.
Gold Price Futures (GC) Technical Analysis – Price Action Being Controlled by Treasury Yields Gold futures gapped lower on Monday in reaction to a jump in U.S. Treasury yields and increased demand for riskier assets. The catalyst behind the weakness was the resumption of trade talks between the United States and China. Over the week-end, U.S. President Donald Trump and Chinese President Xi Jinping agreed to resume the trade talks after Trump promised to refrain from placing any additional tariffs on Chinese goods, and Xi promised to buy more U.S. soybeans. The news could reduce the chances of a Fed rate cut in July because it may encourage central bank policymakers to continue with their “wait and see” approach. In the meantime, investors will be keeping an eye on this week’s U.S. manufacturing and services reports as well as Friday’s U.S. Non-Farm Payrolls data. At 01:30 GMT,August Comex goldis trading $1396.80, down $16.80 or -1.19%. This is up from an earlier low of $1387.00. The main trend is up according to the daily swing chart, however, momentum shifted to the downside earlier today. A trade through $1442.90 will signal a resumption of the uptrend, while a move through $1323.60 will change the main trend to down. The minor trend is down. This shifted momentum to the downside. The trend changed to down when sellers took out $1401.40. A new main top was formed at $1427.80 in the process. Taking out this minor top will change the minor trend back to up and shift momentum back to the upside. The short-term range is $1323.60 to $1442.90. Its retracement zone at $1383.30 to $1369.20 is the first downside target. Since the main trend is up, buyers are likely to come in on the first test of this zone. The main range is $1274.60 to $1442.90. If the short-term retracement zone fails as support then look for the selling to continue into the main retracement zone at $1358.80 to $1338.90. Based on the early price action, the direction of the August Comex gold futures contract the rest of the session is likely to be determined by trader reaction to the short-term 50% level at $1383.30. A sustained move over $1383.30 will indicate that buyers are coming in to defend the retracement zone and the uptrend. If this move creates enough upside momentum then look for the rally to continue into $1427.80. This is a potential trigger point for an acceleration into $1442.90. A failure to hold $1383.30 will signal the presence of sellers. If this creates enough downside momentum then look for the selling to possibly extend into the short-term Fibonacci level at $1369.20, followed by the main 50% level at $1358.80. The latter is a potential trigger point for an acceleration into the main Fibonacci level at $1338.90. The direction of Treasury yields will determine which way gold move. If yields rise rapidly then look for further weakness in gold. Thisarticlewas originally posted on FX Empire • European Equities: Can the Majors Really Continue to Rise with Weak Stats? • U.S. Dollar Index Futures (DX) Technical Analysis – Trader Reaction to 96.315 to 96.540 Will Determine Near-Term Direction • Crude Oil Price Update – Straddling Retracement Zone at $58.51 to $60.33 • US Stock Market Overview – S&P Hit Fresh All Time High as Geopolitical Tensions Ease • DASH Technical Analysis – Support Levels in Play –02/07/19 • Forex Daily Recap – USD/CNY pair was Forming a Cup-and-Handle Pattern
Report: Maple Leafs to sign forward Kenny Agostino to two-year, one-way deal Kenny Agostino will join the Toronto Maple Leafs after the most productive season of his NHL career. (Photo by Andy Marlin/NHLI via Getty Images) The Toronto Maple Leafs continue to add depth throughout their roster ahead of the upcoming season. After inking goaltender Michael Hutchinson and defenceman Martin Marincin to inexpensive, one-year contracts recently, it appears that Kenny Agostino will sign a two-year, one-way deal with the squad once free agency opens up on July 1, according to Adrian Dater. Source: Kenny Agostino to sign two-year, one-way deal with Leafs @ColHockeyNow — Adrian Dater (@adater) June 30, 2019 According to TSN’s Bob McKenzie , the contract will likely be close to the league minimum of $700,000 per season. That’s the same average annual value as what Hutchinson and Marincin signed for. After just 22 regular season games with the Calgary Flames, St. Louis Blues and Boston Bruins from 2014-2017, the 27-year-old became an NHL mainstay last season. Agostino scored six goals and collected 24 points in 63 games with the Montreal Canadiens and New Jersey Devils. The fifth-round selection of the Pittsburgh Penguins in 2010 will likely battle for a spot on the team’s fourth line once training camp gets underway later this summer. Up until he stuck in the NHL consistently last season, Agostino was likely best known for being part of the Jarome Iginla trade from the Calgary to Pittsburgh in 2013. Once Agostino’s added to the team, the Maple Leafs will have 11 forwards under contract for the upcoming campaign with notable restricted free agent Mitch Marner still unsigned. More NHL coverage on Yahoo Sports
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Holding 26684 Puts Market in Position to Challenge All-Time High September E-mini Dow Jones Industrial Average futures are trading higher early Monday after gapping on the opening. The catalyst behind the jump in prices is the announcement of renewed trade talks between the United States and China. Investors appear to be optimistic that the two economic powerhouses will hammer out a deal over the near-term that will bring an end to the long trade spat. At 02:55 GMT, September E-mini Dow Jones Industrial Average futures are trading 26798, up 205 or +0.77%. Daily Sept E-mini Dow Jones Industrial Average Daily Swing Chart Technical Analysis The main trend is up according to the daily swing chart. A trade through 26922 will signal a resumption of the uptrend. A trade through 26445 will change the main trend to down. The short-term range is 26922 to 26445. Its retracement zone at 26740 to 26684 is new support. The intermediate range is 25897 to 26922. If the trend changes to down then look for a pullback into its retracement zone at 26410 to 26289. The main range is 24626 to 26922. If there is a steep sell-off then its retracement zone at 25774 to 25503 will become the primary downside target. Daily Swing Chart Technical Forecast Based on the early price action, the direction of the September E-mini Dow Jones Industrial Average the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 26740. Bullish Scenario A sustained move over 26740 will indicate the presence of buyers. If this move creates enough upside momentum then look for the rally to possibly extend into the main top at 26922. Taking out this level could trigger a rally into the October 3, 2018 main top at 27031. Bearish Scenario A sustained move under 26740 will signal the presence of sellers. This is followed closely by the short-term 50% level at 26684. If this price level fails, we could see an acceleration to the downside with the next two targets the main bottom at 26445 and the intermediate 50% level at 26410. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Update – Straddling Retracement Zone at $58.51 to $60.33 DASH Technical Analysis – Support Levels in Play –02/07/19 Natural Gas Price Prediction – Prices Slide but Remain Range Bound Asian Shares Mixed as Investors Seek Progress in Renewed US-China Trade Negotiations Why Fed May Pass on July Rate Cut G20 News Drive Big Moves In The Markets View comments
Here's How We Got to Drive Aston Martin's Wild 1160-HP Valkyrie Hypercar Photo credit: Aston Martin From Car and Driver While reality is an okay place for most of us-provided the booze doesn't run out-it poses several problems as an environment in which to develop new cars. Building prototypes years ahead of a new model's introduction is hugely expensive, as is transporting them to the far-flung areas of the world where they can be tested away from prying eyes. The mules need fuel and tires and multiple versions of all manner of different parts. The technicians that tend to them need hotels and meals-and beer. All of which add to the cost and time necessary to create even the humblest new car. But when that new car is among the most radical ever made, costs compound so frighteningly as to suffocate any business case. That's where the other kind of reality, the one prefixed with a V, comes in. Modern computing power means it is now possible to make a software model of a car that is detailed enough to be practically indistinguishable from the real thing, at least when it comes to gathering data. Aston Martin's upcoming Valkyrie hypercar is essentially the fever dream of Red Bull Racing (RBR) CTO Adrian Newey, a man for whom the realm of Formula 1 has become a playground for his imagination. The only way to drive his Valkyrie, for now, is in the simulator. Photo credit: Aston Martin Virtual reality not only allows this car to undergo detailed testing before the first physical prototype is finished, it has fundamentally enabled the project from the very beginning. Chris Goodwin, Aston's high-performance test driver and the man leading the Valkyrie's dynamic development, says, "Without VR, we wouldn't be able to do a project like this given all the time in the world-it would be unaffordable and it would take years and years." Before switching sides, Goodwin did the same job for McLaren, with both the 720S and the Senna among his credits. But he says that RBR is taking things much further. "I've been using simulators for 19 years and thought I was at the cutting edge," he says. "But what hit me here is the rate of development we've been able to drive forward using what are outwardly the same tools." Story continues Photo credit: Aston Martin RBR's simulator expertise also means that I am going to have a very early experience of the final car's adjective-straining performance. The F1 simulator at its Milton Keynes headquarters in the U.K. is similar to its road-car simulator but uses an old F1 tub to locate the driver in front of a wraparound screen. This is where I'll be sitting today. The view features a pair of Michelin tires rendered as they would be seen from the cockpit of a single-seater. So it doesn't look like a Valkyrie, but James Knapton, RBR's head of vehicle science, insists that it drives like one. Photo credit: Aston Martin Goodwin has already driven some 5200 miles in the virtual Valkyrie and frequently spends five-hour sessions in the simulator, working through a series of predesigned scenarios. RBR harvests data for analysis-750 gigabytes so far-and shares it with suppliers, keeping development pacing well ahead of, well, the existence of an actual car. For example, the company sent Goodwin's Silverstone lap data to Cosworth to be used as the basis for dynamometer tests on prototypes of the V-12 engine. Incorporating this data into its own testing, Cosworth then sent back an updated engine map for integration. "The key suppliers are surprised to be getting fully dynamic data back from us," Knapton says. "We haven't built a car yet, but it is as if it is already running." He adds that the Valkyrie's Bosch stability-control system will soon be operating in real time, getting the same sensor inputs it would receive from a real car and then outputting directly into the simulation. So what sort of stability control is it running at the moment? "None," says Goodwin with a grin. "There's no ABS, either." Photo credit: Aston Martin Simulator time is expensive and therefore limited. I'm going to get two sessions at Spa-Francorchamps, home of F1's Belgian Grand Prix. The first will be in what Goodwin describes as a generic supercar to show the current state of the art. "It's a bit McLaren, a bit Ferrari," he says. Then I'll get a turn in a fully simulated Valkyrie to experience the magnitude of difference. Getting seated is the first challenge. The old racing tub has been designed to accommodate malnourished racing drivers, not well-fed writers, with a raised-ankle seating position and a footwell so tight that I have to doff my shoes and brake with my stocking-clad left foot. I'm facing a full F1-spec steering wheel still covered in knobs and buttons for the drag-reduction system and engine maps. Goodwin's briefing makes it clear that I can ignore all of these except the gearchange paddles and a push-to-talk button to communicate with the control room where a pair of technicians sit, ready to be amused by my ineptitude. Photo credit: Aston Martin The simulation starts with a vibration as the motion actuators come to life. A voice in my ear tells me I can set off. My first impressions are underwhelming. I've spent too much of my life playing various racing games and the generic-supercar simulator feels less convincing than they do. The actuators create a sense of braking and cornering forces, but these are short and sharp, the movable rig lacking the range of motion for sustained loads. According to Knapton, all the hardware is generic. It's the RBR algorithms driving everything that add the magic. The steering feels real, lightening and tightening under loads, but the brake pedal lacks resistance, and I'm locking the front wheels under even gentle use. The graphics fall significantly short of the crisply rendered look of the latest Forza or Gran Turismo installment, and the wraparound screen's facsimile of three dimensions isn't fooling my brain. Distances and speed are hard to judge, and I'm either braking much too early or clattering over curbs with optimistic entry speeds. On my second lap, I attempt Eau Rouge at such a ludicrous pace that the resulting crash somehow breaks me free of the simulator's physics model and leaves me hanging in a dark void somewhere beneath Raidillon. "You've crashed the program," says the curt voice in my ear. "Hang on a couple of minutes while we reset." Photo credit: Aston Martin Eventually I string together a lap without any egregious mistakes, but at a still-cautious pace. Goodwin climbs onto the platform for a pep talk, and I admit that the car doesn't feel real to me. "That's because it's a tool, not a game," he says. "It's a motion platform, but the movement is only enough to inform an experienced simulator driver. It feels completely different to the way a finished car will. All simulators do, to be honest. But there's a parallel universe of simulator behavior and real-car behavior. Recognizing the translation between them is what comes from experience." Photo credit: Aston Martin When I switch to the Valkyrie program, the only obvious change is the V-12 engine note in place of the generic V-8 hum of the first car. But as soon as I'm moving, everything feels easier. Unsurprisingly, the Valkyrie is massively faster. Aston claims the finished version will have 1160 horsepower and weigh less than 2425 pounds. Spa's straights feel greatly shortened. But the car is far more tolerant of ineptitude thanks to the huge increase in mechanical grip and what I'm assured is realistically modeled downforce. It's still possible to crash-I contribute another couple of highlights to the sim team's blooper reel-but at higher speeds, the Valkyrie feels planted, taking the ultrafast left-hander at Blanchimont without lifting, something YouTube suggests even GT3 racers struggle to do. I don't get any lap times. Aston doesn't want anyone to try and extrapolate Valkyrie performance, even with an inexpert driver. But Goodwin does share one number: 25. That's how many seconds quicker my lap in the Valkyrie is than my best one in the generic model. That seems like an impossible difference, but Goodwin insists it's not. "I talk to customers who have paid good money for this car, and they don't know what they've got," he says. "I don't think people can really have any idea what the performance level of this car will be until they actually experience it, nor will they be understanding quite how user-friendly it's going to be." I can't exactly say I understand that yet, either. But what I do know is that the Valkyrie is going to be fast enough to shift people's perceptions of reality-virtual and otherwise. From the June 2019 issue ('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
How Does Arena REIT (ASX:ARF) Fare As A Dividend Stock? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Dividend paying stocks like Arena REIT (ASX:ARF) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Arena REIT is a new dividend aristocrat in the making. We'd agree the yield does look enticing. Some simple research can reduce the risk of buying Arena REIT for its dividend - read on to learn more. Click the interactive chart for our full dividend analysis Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. In the last year, Arena REIT paid out 81% of its profit as dividends. It's paying out most of its earnings, which limits the amount that can be reinvested in the business. This may indicate limited need for further capital within the business, or highlight a commitment to paying a dividend. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. The company paid out 81% of its free cash flow as dividends last year, which is adequate, but reduces the wriggle room in the event of a downturn. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Consider gettingour latest analysis on Arena REIT's financial position here. Before buying a stock for its income, we want to see if the dividends have been stable in the past, and if the company has a track record of maintaining its dividend. Looking at the data, we can see that Arena REIT has been paying a dividend for the past six years. The dividend has been quite stable over the past six years, which is great to see - although we usually like to see the dividend maintained for a decade before giving it full marks, though. During the past six-year period, the first annual payment was AU$0.08 in 2013, compared to AU$0.14 last year. Dividends per share have grown at approximately 9.1% per year over this time. Arena REIT has been growing its dividend at a decent rate, and the payments have been stable despite the short payment history. This is a positive start. Examining whether the dividend is affordable and stable is important. However, it's also important to assess if earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Arena REIT has grown its earnings per share at 12% per annum over the past five years. EPS are growing rapidly, although the company is also paying out more than three-quarters of its profits as dividends. If earnings keep growing, the dividend may be sustainable, but generally we'd prefer to see a fast growing company reinvest in further growth. When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable. First, we think Arena REIT is paying out an acceptable percentage of its cashflow and profit. We were also glad to see it growing earnings, although its dividend history is not as long as we'd like. Ultimately, Arena REIT comes up short on our dividend analysis. It's not that we think it is a bad company - just that there are likely more appealing dividend prospects out there on this analysis. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 5 analysts we track are forecasting for Arena REITfor freewith publicanalyst estimates for the company. Looking for more high-yielding dividend ideas? Try ourcurated list of dividend stocks with a yield above 3%. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Read This Before You Buy Delegat Group Limited (NZSE:DGL) Because Of Its P/E Ratio Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). To keep it practical, we'll show how Delegat Group Limited's (NZSE:DGL) P/E ratio could help you assess the value on offer. Based on the last twelve months,Delegat Group's P/E ratio is 22.54. That is equivalent to an earnings yield of about 4.4%. View our latest analysis for Delegat Group Theformula for P/Eis: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Delegat Group: P/E of 22.54 = NZ$11.75 ÷ NZ$0.52 (Based on the trailing twelve months to December 2018.) The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings. That isn't necessarily good or bad, but a high P/E implies relatively high expectations of what a company can achieve in the future. Earnings growth rates have a big influence on P/E ratios. Earnings growth means that in the future the 'E' will be higher. That means even if the current P/E is high, it will reduce over time if the share price stays flat. And as that P/E ratio drops, the company will look cheap, unless its share price increases. Delegat Group increased earnings per share by a whopping 29% last year. And it has bolstered its earnings per share by 5.8% per year over the last five years. With that performance, I would expect it to have an above average P/E ratio. The P/E ratio essentially measures market expectations of a company. We can see in the image below that the average P/E (24.9) for companies in the beverage industry is higher than Delegat Group's P/E. This suggests that market participants think Delegat Group will underperform other companies in its industry. While current expectations are low, the stock could be undervalued if the situation is better than the market assumes. If you consider the stock interesting, further research is recommended. For example, I often monitordirector buying and selling. One drawback of using a P/E ratio is that it considers market capitalization, but not the balance sheet. Thus, the metric does not reflect cash or debt held by the company. In theory, a company can lower its future P/E ratio by using cash or debt to invest in growth. Such expenditure might be good or bad, in the long term, but the point here is that the balance sheet is not reflected by this ratio. Net debt totals 25% of Delegat Group's market cap. That's enough debt to impact the P/E ratio a little; so keep it in mind if you're comparing it to companies without debt. Delegat Group's P/E is 22.5 which is above average (17.4) in the NZ market. While the company does use modest debt, its recent earnings growth is very good. So on this analysis it seems reasonable that its P/E ratio is above average. When the market is wrong about a stock, it gives savvy investors an opportunity. If the reality for a company is better than it expects, you can make money by buying and holding for the long term. So thisfreereport on the analyst consensus forecastscould help you make amaster moveon this stock. But note:Delegat Group may not be the best stock to buy. So take a peek at thisfreelist of interesting companies with strong recent earnings growth (and a P/E ratio 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.
Despite Its High P/E Ratio, Is China Aoyuan Group Limited (HKG:3883) Still Undervalued? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show how you can use China Aoyuan Group Limited's (HKG:3883) P/E ratio to inform your assessment of the investment opportunity. Based on the last twelve months,China Aoyuan Group's P/E ratio is 10.74. That corresponds to an earnings yield of approximately 9.3%. View our latest analysis for China Aoyuan Group Theformula for P/Eis: Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) Or for China Aoyuan Group: P/E of 10.74 = CN¥9.65(Note: this is the share price in the reporting currency, namely, CNY )÷ CN¥0.90 (Based on the year to December 2018.) A higher P/E ratio means that buyers have to paya higher pricefor each HK$1 the company has earned over the last year. All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' Probably the most important factor in determining what P/E a company trades on is the earnings growth. That's because companies that grow earnings per share quickly will rapidly increase the 'E' in the equation. 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. China Aoyuan Group increased earnings per share by a whopping 47% last year. And its annual EPS growth rate over 5 years is 27%. So we'd generally expect it to have a relatively high P/E ratio. One good way to get a quick read on what market participants expect of a company is to look at its P/E ratio. As you can see below, China Aoyuan Group has a higher P/E than the average company (6.5) in the real estate industry. China Aoyuan Group's P/E tells us that market participants think the company will perform better than its industry peers, going forward. Shareholders are clearly optimistic, but the future is always uncertain. So investors should delve deeper. I like to checkif company insiders have been buying or selling. The 'Price' in P/E reflects the market capitalization of the company. So it won't reflect the advantage of cash, or disadvantage of debt. Theoretically, a business can improve its earnings (and produce a lower P/E in the future) by investing in growth. That means taking on debt (or spending its cash). Spending on growth might be good or bad a few years later, but the point is that the P/E ratio does not account for the option (or lack thereof). Net debt totals 88% of China Aoyuan Group's market cap. If you want to compare its P/E ratio to other companies, you should absolutely keep in mind it has significant borrowings. China Aoyuan Group has a P/E of 10.7. That's around the same as the average in the HK market, which is 11. The significant levels of debt do detract somewhat from the strong earnings growth. However, the P/E ratio implies that most doubt the strong growth will 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.' So thisfreevisual report on analyst forecastscould hold the key to an excellent investment decision. 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.
How Good Is SRF Limited (NSE:SRF) At Creating Shareholder Value? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today we are going to look at SRF Limited (NSE:SRF) 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. First, we'll go over how we calculate ROCE. Then we'll compare its ROCE to similar companies. Then we'll determine how its current liabilities are affecting its ROCE. ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business. In general, businesses with a higher ROCE are usually better quality. In brief, it is a useful tool, but it is not without drawbacks. 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'. Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for SRF: 0.15 = ₹10b ÷ (₹99b - ₹32b) (Based on the trailing twelve months to March 2019.) So,SRF has an ROCE of 15%. View our latest analysis for SRF One way to assess ROCE is to compare similar companies. We can see SRF's ROCE is around the 17% average reported by the Chemicals industry. Setting aside the industry comparison for now, SRF's ROCE is mediocre in absolute terms, considering the risk of investing in stocks versus the safety of a bank account. It is possible that there are more rewarding investments out there. The image below shows how SRF's ROCE compares to its industry, and you can click it to see more detail on its 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 misleading for companies in cyclical industries, with returns looking impressive during the boom times, but very weak during the busts. ROCE is only a point-in-time measure. Since the future is so important for investors, you should check out ourfreereport on analyst forecasts for SRF. Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual. To counteract this, we check if a company has high current liabilities, relative to its total assets. SRF has total assets of ₹99b and current liabilities of ₹32b. Therefore its current liabilities are equivalent to approximately 32% of its total assets. SRF's ROCE is improved somewhat by its moderate amount of current liabilities. With this level of liabilities and a mediocre ROCE, there are potentially better investments out there. 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. 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 Best Pacific International Holdings Limited (HKG:2111) Overpaying Its CEO? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! The CEO of Best Pacific International Holdings Limited (HKG:2111) is Haitao Zhang. 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 we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. This process should give us an idea about how appropriately the CEO is paid. View our latest analysis for Best Pacific International Holdings At the time of writing our data says that Best Pacific International Holdings Limited has a market cap of HK$2.8b, and is paying total annual CEO compensation of HK$3.9m. (This is based on the year to December 2018). That's a fairly small increase of 0.5% on year before. It is worth noting that the CEO compensation consists almost entirely of the salary, worth HK$3.9m. When we examined a selection of companies with market caps ranging from HK$1.6b to HK$6.2b, we found the median CEO total compensation was HK$2.3m. Thus we can conclude that Haitao Zhang receives more in total compensation than the median of a group of companies in the same market, and of similar size to Best Pacific International Holdings Limited. However, this doesn't necessarily mean the pay is too high. A closer look at the performance of the underlying business will give us a better idea about whether the pay is particularly generous. The graphic below shows how CEO compensation at Best Pacific International Holdings has changed from year to year. Best Pacific International Holdings Limited has reduced its earnings per share by an average of 14% a year, over the last three years (measured with a line of best fit). Its revenue is up 15% over last year. Unfortunately, earnings per share have trended lower over the last three years. And while it's good to see some good revenue growth recently, the growth isn't really fast enough for me to put aside my concerns around earnings. It's hard to argue the company is firing on all cylinders, so shareholders might be averse to high CEO remuneration. Shareholders might be interested inthisfreevisualization of analyst forecasts. Since shareholders would have lost about 50% over three years, some Best Pacific International Holdings Limited shareholders would surely be feeling negative emotions. This suggests it would be unwise for the company to pay the CEO too generously. We compared total CEO remuneration at Best Pacific International Holdings Limited with the amount paid at companies with a similar market capitalization. Our data suggests that it pays above the median CEO pay within that group. We think many shareholders would be underwhelmed with the business growth over the last three years. Just as bad, share price gains for investors have failed to materialize, over the same period. Some might well form the view that the CEO is paid too generously! Shareholders may want tocheck for free if Best Pacific International Holdings insiders are buying or selling shares. If you want to buy a stock that is better than Best Pacific International Holdings, thisfreelist of high return, low debt companies is a great place to look. 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.
Taylor Swift and Justin Bieber Are Publicly Feuding on Social Media RN Photo credit: Getty Images From Cosmopolitan Taylor Swift called Justin Bieber out for helping manager Scooter Braun allegedly bully her. Justin Bieber has responded to Taylor, apologizing while also accusing her of trying to get sympathy from fans. If you innocently signed onto Instagram today and entered a world of ?!?!?!?!, you are not alone. Taylor Swift just called out celebrity manager Scooter Braun for bullying her in a lengthy Tumblr post, where she also name-checked Justin Bieber, Kanye West, and Kim Kardashian. In the post, Taylor makes some very justifiable points about how unfair it is that she doesn't own her music, and ran down the list of the ways Scooter has allegedly manipulated her. "I learned about Scooter Braun’s purchase of my masters as it was announced to the world. All I could think about was the incessant, manipulative bullying I’ve received at his hands for years," she wrote. "Like when Kim Kardashian orchestrated an illegally recorded snippet of a phone call to be leaked and then Scooter got his two clients together to bully me online about it. (See photo) " She then shared this photo from Justin's Instagram: Photo credit: Instagram/Tumblr/Taylor Swift Justin has since responded to Taylor, apologizing for the "hurtful" post before launching into a defense of both himself and Scooter. Not only did Justin claim Scooter was actually the one who told him to remove the post, he said it wasn't "fair" for her to "take it to social media" and get people to "hate" on him. "What were you trying to accomplish by posting that blog?" Bieber wrote. "Seems to me like it was to get sympathy. U also knew that in posting that your fans would go and bully Scooter." View this post on Instagram Screenshotted too quick to think of a caption. #CommentsByCelebs A post shared by Comments By Celebs (@commentsbycelebs) on Jun 30, 2019 at 3:17pm PDT Bieber ended his post by saying that Taylor had crossed the line, and accused her of trying to "deface" Scooter. She hasn't responded to his Instagram post, but Hailey Baldwin went ahead and chimed in to call Justin a "gentleman." Story continues Say it with me: YIKES. ('You Might Also Like',) 16 Unexpected Fashion Rules That the Royal Family Follows The 8 Best Clarifying Shampoos for Getting Rid of Product Buildup Here's How to Flawlessly Conceal Your Acne
Do Tian Chang Group Holdings's (HKG:2182) Earnings Warrant Your Attention? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks with a good story, even if those businesses lose money. Unfortunately, high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. So if you're like me, you might be more interested in profitable, growing companies, likeTian Chang Group Holdings(HKG:2182). Now, I'm not saying that the stock is necessarily undervalued today; but I can't shake an appreciation for the profitability of the business itself. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour. See our latest analysis for Tian Chang Group Holdings The market is a voting machine in the short term, but a weighing machine in the long term, so share price follows earnings per share (EPS) eventually. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. I, for one, am blown away by the fact that Tian Chang Group Holdings has grown EPS by 50% per year, over the last three years. That sort of growth never lasts long, but like a shooting star it is well worth watching when it happens. I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Tian Chang Group Holdings shareholders can take confidence from the fact that EBIT margins are up from 9.7% to 12%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book. The chart below shows how the company's bottom and top lines have progressed over time. For finer detail, click on the image. Tian Chang Group Holdings isn't a huge company, given its market capitalization of HK$310m. That makes it extra important to check on itsbalance sheet strength. Many consider high insider ownership to be a strong sign of alignment between the leaders of a company and the ordinary shareholders. So as you can imagine, the fact that Tian Chang Group Holdings insiders own a significant number of shares certainly appeals to me. In fact, they own 73% of the company, so they will share in the same delights and challenges experienced by the ordinary shareholders. This makes me think they will be incentivised to plan for the long term - something I like to see. With that sort of holding, insiders have about HK$226m riding on the stock, at current prices. That's nothing to sneeze at! Tian Chang Group Holdings's earnings per share have taken off like a rocket aimed right at the moon. That sort of growth is nothing short of eye-catching, and the large investment held by insiders certainly brightens my view of the company. The hope is, of course, that the strong growth marks a fundamental improvement in the business economics. So yes, on this short analysis I do think it's worth considering Tian Chang Group Holdings for a spot on your watchlist. One of Buffett's considerations when discussing businesses is if they are capital light or capital intensive. Generally, a company with a high return on equity is capital light, and can thus fund growth more easily. So you might want to checkthis graph comparing Tian Chang Group Holdings's ROE with industry peers (and the market at large). You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here isa list of companies with insider buying in the last three months. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction 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.
Justin Bieber Defends Scooter Braun After Taylor Swift Accuses Manager of 'Bullying' Her Justin Bieber is speaking out in defense of his longtime manager, Scooter Braun , after Taylor Swift slammed him for manipulative bullying. Upon learning that Braun had acquired Big Machine Label Group, the record label that now owns her music catalog, for $300 million on Sunday, Swift, 29, shared a Tumblr blog post expressing her disdain for Braun, 38, and claiming that he used Bieber, 25, and on-and-off client Kanye West to bully her on social media following her feud with the rapper over the lyrics of his song Famous. All I could think about was the incessant, manipulative bullying Ive received at his hands for years, Swift wrote. Like when Kim Kardashian orchestrated an illegally recorded snippet of a phone call to be leaked and then Scooter got his two clients together to bully me online about it. Swift also shared a screenshot taken from Biebers Instagram account of an August 2016 post, in which the Sorry singer shared a Facetime call between himself and Braun who can be seen with West, who Braun was not managing at the time of Biebers Instagram post. Taylor swift what up, Bieber captioned the post. RELATED: Taylor Swifts Rep Says Singer Learned of Scooter Brauns Purchase from News When She Woke Up Taylor Swift/Tumblr Shortly after Swift shared her post, Bieber shared a lengthy response on Instagram to both support Braun and apologize for his past actions. Hey Taylor, Bieber began his message, which was posted alongside a throwback photo of him and Swift posing together. First of all I would like to apologize for posting that hurtful instagram post, at the time I thought it was funny but looking back it was distasteful and insensitive.. I have to be honest though it was my caption and post that I screenshoted [sic] of scooter and Kanye that said taylor swift what up he didnt have anything to do with it and it wasnt even a part of the conversation in all actuality he was the person who told me not to joke like that. Story continues RELATED: Taylor Swift Accuses Scooter Braun of Using Kanye West & Justin Bieber to Bully Her Frazer Harrison/Getty Images; Jason Merritt/Getty Images; John Salangsang/Variety/Shutterstock Bieber then went on to claim that Braun has had Swifts back since the days when she graciously let Bieber open up for her on tour a decade ago. As the years have passed we havent crossed paths and gotten to communicate our differences, hurts or frustrations, Bieber wrote. So for you to take it to social media and get people to hate on Scooter isnt fair. What were you trying to accomplish by posting that blog? seems to me like it was to get sympathy u also knew that in posting that your fans would go and bully scooter. Anyway, One thing i know is both scooter and i love you, he continued. I feel like the only way to resolve conflict is through communication. So banter back and fourth [sic] online I dont believe solves anything. Im sure Scooter and I would love to talk to you and resolve any conflict, pain or or [sic] any feelings that need to be addressed. Neither scooter or I have anything negative to say about you we truly want the best for you. Bieber concluded his message by saying, I usually dont rebuttal things like this but when you try and deface someone i loves character thats crossing a line.. His wife Hailey Baldwin commented on his post, writing, gentleman. And Brauns wife Yael Cohen shared a post on her Instagram page with the caption: @taylorswift, Im here to talk privately anytime. Leon Bennett/FilmMagic; John Salangsang/Variety/Shutterstock At the beginning of her Tumblr post, Swift explained how she tried for years to own her own music from Big Machine but was told that she could only do so if she signed a new contract that gave her ownership of one of her old albums for every new one she completed. I walked away because I knew once I signed that contract, [Big Machine founder] Scott Borchetta would sell the label, thereby selling me and my future, she wrote. I had to make the excruciating choice to leave behind my past. Music I wrote on my bedroom floor and videos I dreamed up and paid for from the money I earned playing in bars, then clubs, then arenas, then stadiums. RELATED: A Timeline of the Complicated Relationship Between Taylor Swift and Kim Kardashian West Scott Borchetta and Scooter Braun \| Kevin Mazur/Getty Images Swift, whose new album Lover hits shelves Aug. 23, said learning that it was Braun who had ultimately purchased her masters from Borchetta was her worst nightmare. Now Scooter has stripped me of my lifes work, that I wasnt given an opportunity to buy. Essentially, my musical legacy is about to lie in the hands of someone who tried to dismantle it, she wrote. This is my worst case scenario. Swift added of Borchetta, This is what happens when you sign a deal at 15 to someone for whom the term loyalty is clearly just a contractual concept. And when that man says Music has value, he means its value is beholden to men who had no part in creating it. A rep for Big Machine and a rep for Braun declined to comment.
Luye Pharma Group Ltd. (HKG:2186) Is Yielding 2.0% - But Is It A Buy? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll take a closer look at Luye Pharma Group Ltd. (HKG:2186) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. Some readers mightn't know much about Luye Pharma Group's 2.0% dividend, as it has only been paying distributions for the last three years. A low dividend might not be a bad thing, if the company is reinvesting heavily and growing its sales and profits. There are a few simple ways to reduce the risks of buying Luye Pharma Group for its dividend, and we'll go through these below. Explore this interactive chart for our latest analysis on Luye Pharma Group! Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. Looking at the data, we can see that 25% of Luye Pharma Group's profits were paid out as dividends in the last 12 months. We like this low payout ratio, because it implies the dividend is well covered and leaves ample opportunity for reinvestment. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. Last year, Luye Pharma Group paid a dividend while reporting negative free cash flow. While there may be an explanation, we think this behaviour is generally not sustainable. Remember, you can always get a snapshot of Luye Pharma Group's latest financial position,by checking our visualisation of its financial health. One of the major risks of relying on dividend income, is the potential for a company to struggle financially and cut its dividend. Not only is your income cut, but the value of your investment declines as well - nasty. The dividend has not fluctuated much, but with a relatively short payment history, we can't be sure this is sustainable across a full market cycle. During the past three-year period, the first annual payment was CN¥0.064 in 2016, compared to CN¥0.10 last year. Dividends per share have grown at approximately 16% per year over this time. The dividend has been growing pretty quickly, which could be enough to get us interested even though the dividend history is relatively short. Further research may be warranted. Examining whether the dividend is affordable and stable is important. However, it's also important to assess if earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Luye Pharma Group has grown its earnings per share at 29% per annum over the past five years. The company is only paying out a fraction of its earnings as dividends, and in the past been able to use the retained earnings to grow its profits rapidly - an ideal combination. When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable. First, we like Luye Pharma Group's low dividend payout ratio, although we're a bit concerned that it paid out a substantially higher percentage of its free cash flow. We were also glad to see it growing earnings, although its dividend history is not as long as we'd like. Ultimately, Luye Pharma Group comes up short on our dividend analysis. It's not that we think it is a bad company - just that there are likely more appealing dividend prospects out there on this analysis. Earnings growth generally bodes well for the future value of company dividend payments. See if the 12 Luye Pharma Group analysts we track are forecasting continued growth with ourfreereport on analyst estimates for the company. If you are a dividend investor, you might also want to look at ourcurated list of dividend stocks yielding above 3%. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Don't Sell Tingyi (Cayman Islands) Holding Corp. (HKG:322) Before You Read This Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic P/E ratio analysis to Tingyi (Cayman Islands) Holding Corp.'s (HKG:322), to help you decide if the stock is worth further research.Tingyi (Cayman Islands) Holding has a price to earnings ratio of 26.14, based on the last twelve months. In other words, at today's prices, investors are paying HK$26.14 for every HK$1 in prior year profit. View our latest analysis for Tingyi (Cayman Islands) Holding Theformula for P/Eis: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for Tingyi (Cayman Islands) Holding: P/E of 26.14 = CN¥11.46(Note: this is the share price in the reporting currency, namely, CNY )÷ CN¥0.44 (Based on the year to December 2018.) A higher P/E ratio implies that investors paya higher pricefor the earning power of the business. That is not a good or a bad thingper se, but a high P/E does imply buyers are optimistic about the future. Earnings growth rates have a big influence on P/E ratios. 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. A lower P/E should indicate the stock is cheap relative to others -- and that may attract buyers. Notably, Tingyi (Cayman Islands) Holding grew EPS by a whopping 35% in the last year. And its annual EPS growth rate over 3 years is 14%. I'd therefore be a little surprised if its P/E ratio was not relatively high. The P/E ratio indicates whether the market has higher or lower expectations of a company. As you can see below, Tingyi (Cayman Islands) Holding has a higher P/E than the average company (15.8) in the food industry. That means that the market expects Tingyi (Cayman Islands) Holding will outperform other companies in its industry. The market is optimistic about the future, but that doesn't guarantee future growth. So investors should delve deeper. I like to checkif company insiders have been buying or selling. The 'Price' in P/E reflects the market capitalization of the company. So it won't reflect the advantage of cash, or disadvantage of debt. Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings. While growth expenditure doesn't always pay off, the point is that it is a good option to have; but one that the P/E ratio ignores. Since Tingyi (Cayman Islands) Holding holds net cash of CN¥3.0b, it can spend on growth, justifying a higher P/E ratio than otherwise. Tingyi (Cayman Islands) Holding trades on a P/E ratio of 26.1, which is above the HK market average of 11. The excess cash it carries is the gravy on top its fast EPS growth. So based on this analysis we'd expect Tingyi (Cayman Islands) Holding to have a high P/E ratio. Investors should be looking to buy stocks that the market is wrong about. If the reality for a company is better than it expects, you can make money by buying and holding for the long term. So thisfreevisualization of the analyst consensus on future earningscould help you make theright decisionabout whether to buy, sell, or hold. You might be able to find a better buy than Tingyi (Cayman Islands) Holding. If you want a selection of possible winners, check out thisfreelist of interesting companies that trade on a P/E below 20 (but have proven they can grow earnings). 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.
Are AusGroup Limited’s (SGX:5GJ) High Returns Really That Great? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today we are going to look at AusGroup Limited (SGX:5GJ) to see whether it might be an attractive investment prospect. To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. First, we'll go over how we calculate ROCE. Second, we'll look at its ROCE compared to similar companies. Then we'll determine how its current liabilities are affecting its ROCE. ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Generally speaking a higher ROCE is better. In brief, it is a useful tool, but it is not without drawbacks. 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'. Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for AusGroup: 0.14 = AU$25m ÷ (AU$237m - AU$64m) (Based on the trailing twelve months to March 2019.) Therefore,AusGroup has an ROCE of 14%. View our latest analysis for AusGroup ROCE can be useful when making comparisons, such as between similar companies. AusGroup's ROCE appears to be substantially greater than the 4.3% average in the Construction industry. We consider this a positive sign, because it suggests it uses capital more efficiently than similar companies. Independently of how AusGroup compares to its industry, its ROCE in absolute terms appears decent, and the company may be worthy of closer investigation. AusGroup has an ROCE of 14%, but it didn't have an ROCE 3 years ago, since it was unprofitable. That implies the business has been improving. The image below shows how AusGroup's ROCE compares to its industry, and you can click it to see more detail on its past growth. When considering ROCE, bear in mind that it reflects the past and does not necessarily 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. If AusGroup is cyclical, it could make sense to check out thisfreegraph of past earnings, revenue and cash flow. Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. To counter this, investors can check if a company has high current liabilities relative to total assets. AusGroup has total liabilities of AU$64m and total assets of AU$237m. Therefore its current liabilities are equivalent to approximately 27% of its total assets. Low current liabilities are not boosting the ROCE too much. This is good to see, and with a sound ROCE, AusGroup could be worth a closer look. There might be better investments than AusGroup out there,but you will have to work hard to find them. These promising businesses withrapidly growing earningsmight be right up your alley. I will like AusGroup better if I see some big insider buys. While we wait, check out thisfreelist of growing companies with considerable, recent, insider buying. 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.
GLOBAL MARKETS-Asia stocks cheer trade truce, bonds retreat * Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Nikkei at 2-month top as new tariffs avoided * Treasury bonds off as market scales back bets on Fed easing * Dollar gains on safe-haven yen, gold retreats * Oil prices jump as OPEC looks set to extend supply cuts By Wayne Cole SYDNEY, July 1 (Reuters) - Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute tempered risks to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks. The dollar gained on the safe-haven yen as Treasury yields jumped and futures reined in bets for a half-point rate cut from the U.S. Federal Reserve this month. "The Osaka truce has reduced the probability of escalation in the near term, and slightly exceeded market expectations," said analysts at Barclays in a note. "However, we do not think the likelihood of a deal has necessarily increased," they warned. "It is probably in the best interest of both parties to keep the talks running as long as they can." The initial reaction was one of relief that new tariffs were avoided and Japan's Nikkei climbed 1.6% to a two-month top. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3%. E-Mini futures for the S&P 500 rose 0.9%. Treasury futures slid 11 ticks and yields on 10-year notes rose 4 basis points to 2.04%. Fed funds dropped over 5 ticks as the market scaled back the probability of a 50 basis-point rate cut this month to around 13%, from nearer 50% a week ago. The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing. China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table. DAMAGE DONE Still, no deadline was set for a deal and much damage has already been done, with a survey of Chinese manufacturing out over the weekend showing a continued contraction in new orders. The official Purchasing Managers' Index (PMI) held at 49.4 in June, just missing forecasts. "Although a worst case outcome has been averted, the threat of tariffs remains and it is unlikely the truce gives much confidence to firms' investment and hiring decisions," said Tapas Strickland, a director of economics at NAB. "As such, it is likely that soft manufacturing conditions will persist until if and when a fuller agreement is fleshed out." The reaction in currency markets was to strip some recent gain from safe harbours like the yen and Swiss franc. The dollar hopped up 0.4% on the yen to 108.30 and gained 0.3% on the franc to 0.9792. The dollar added 0.2% on a basket of currencies to 96.306 , but was little changed on the euro at $1.1361. The offshore Chinese yuan gained 0.6% to 6.8248 per dollar , its highest since May 10. The dollar's gains took some of the shine off gold, which fell 1.2% to $1,391.71 per ounce. Oil prices swung high in early trade on news OPEC and its allies look set to extend supply cuts at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia in endorsing the policy. Brent crude futures rose $1.04 cents to $65.78, while U.S. crude gained $1.03 cents to $59.50 a barrel. (Editing by Sandra Maler and Sam Holmes)
AusGroup Limited (SGX:5GJ) Earns A Nice Return On Capital Employed Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll look at AusGroup Limited (SGX:5GJ) and reflect on its potential as an investment. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. First up, we'll look at what ROCE is and how we calculate it. Then we'll compare its ROCE to similar companies. And finally, we'll look at how its current liabilities are impacting its ROCE. ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Generally speaking a higher ROCE is better. In brief, it is a useful tool, but it is not without drawbacks. Author Edwin Whitingsaysto be careful when comparing the ROCE of different businesses, since 'No two businesses are exactly alike.' 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 AusGroup: 0.14 = AU$25m ÷ (AU$237m - AU$64m) (Based on the trailing twelve months to March 2019.) Therefore,AusGroup has an ROCE of 14%. Check out our latest analysis for AusGroup One way to assess ROCE is to compare similar companies. In our analysis, AusGroup's ROCE is meaningfully higher than the 4.3% average in the Construction industry. I think that's good to see, since it implies the company is better than other companies at making the most of its capital. Independently of how AusGroup compares to its industry, its ROCE in absolute terms appears decent, and the company may be worthy of closer investigation. AusGroup has an ROCE of 14%, but it didn't have an ROCE 3 years ago, since it was unprofitable. This makes us wonder if the company is improving. You can see in the image below how AusGroup's ROCE compares to its industry. Click to see more on past growth. When considering ROCE, bear in mind that it reflects the past and does not necessarily predict the future. ROCE can be misleading for companies in cyclical industries, with returns looking impressive during the boom times, but very weak during the busts. ROCE is, after all, simply a snap shot of a single year. You can check if AusGroup has cyclical profits by looking at thisfreegraph of past earnings, revenue and cash flow. Current liabilities are short term bills and invoices that need to be paid in 12 months or less. 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 check the impact of this, we calculate if a company has high current liabilities relative to its total assets. AusGroup has total liabilities of AU$64m and total assets of AU$237m. Therefore its current liabilities are equivalent to approximately 27% of its total assets. A fairly low level of current liabilities is not influencing the ROCE too much. With that in mind, AusGroup's ROCE appears pretty good. AusGroup shapes up well under this analysis,but it is far from the only business delivering excellent numbers. You might also want to check thisfreecollection of companies delivering excellent earnings growth. 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.
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Are Investors Undervaluing Frencken Group Limited (SGX:E28) By 20%? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! In this article we are going to estimate the intrinsic value of Frencken Group Limited (SGX:E28) by taking the foreast future cash flows of the company and discounting them back to today's value. I will use the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in theSimply Wall St analysis model. View our latest analysis for Frencken Group We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: [{"": "Levered FCF (SGD, Millions)", "2019": "SGD13.50", "2020": "SGD23.77", "2021": "SGD27.44", "2022": "SGD25.40", "2023": "SGD28.00", "2024": "SGD28.99", "2025": "SGD29.91", "2026": "SGD30.78", "2027": "SGD31.62", "2028": "SGD32.44"}, {"": "Growth Rate Estimate Source", "2019": "Analyst x2", "2020": "Analyst x2", "2021": "Analyst x2", "2022": "Analyst x1", "2023": "Analyst x1", "2024": "Est @ 3.54%", "2025": "Est @ 3.17%", "2026": "Est @ 2.91%", "2027": "Est @ 2.73%", "2028": "Est @ 2.6%"}, {"": "Present Value (SGD, Millions) Discounted @ 9.55%", "2019": "SGD12.32", "2020": "SGD19.81", "2021": "SGD20.87", "2022": "SGD17.64", "2023": "SGD17.75", "2024": "SGD16.78", "2025": "SGD15.80", "2026": "SGD14.84", "2027": "SGD13.92", "2028": "SGD13.04"}] Present Value of 10-year Cash Flow (PVCF)= SGD162.76m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 10-year government bond rate (2.3%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 9.5%. Terminal Value (TV)= FCF2029× (1 + g) ÷ (r – g) = S$32m × (1 + 2.3%) ÷ (9.5% – 2.3%) = S$458m Present Value of Terminal Value (PVTV)= TV / (1 + r)10= SGDS$458m ÷ ( 1 + 9.5%)10= SGD184.14m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is SGD346.90m. To get the intrinsic value per share, we divide this by the total number of shares outstanding.This results in an intrinsic value estimate of SGD0.82. Relative to the current share price of SGD0.66, the company appears a touch undervalued at a 20% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Frencken Group as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.5%, which is based on a levered beta of 1.215. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Whilst important, DCF calculation shouldn’t be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price to differ from the intrinsic value? For Frencken Group, There are three pertinent aspects you should look at: 1. Financial Health: Does E28 have a healthy balance sheet? Take a look at ourfree balance sheet analysis with six simple checkson key factors like leverage and risk. 2. Future Earnings: How does E28's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with ourfree analyst growth expectation chart. 3. Other High Quality Alternatives: Are there other high quality stocks you could be holding instead of E28? Exploreour interactive list of high quality stocksto get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every SG stock every day, so if you want to find the intrinsic value of any other stock justsearch here. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
If You Had Bought Beijing Tong Ren Tang Chinese Medicine (HKG:3613) Stock Three Years Ago, You Could Pocket A 53% Gain Today Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! By buying an index fund, investors can approximate the average market return. But many of us dare to dream of bigger returns, and build a portfolio ourselves. For example, theBeijing Tong Ren Tang Chinese Medicine Company Limited(HKG:3613) share price is up 53% in the last three years, clearly besting than the market return of around 22% (not including dividends). Check out our latest analysis for Beijing Tong Ren Tang Chinese Medicine While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. 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. Beijing Tong Ren Tang Chinese Medicine was able to grow its EPS at 18% per year over three years, sending the share price higher. We don't think it is entirely coincidental that the EPS growth is reasonably close to the 15% average annual increase in the share price. This suggests that sentiment and expectations have not changed drastically. Rather, the share price has approximately tracked EPS growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). 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. Before buying or selling a stock, we always recommend a close examination ofhistoric growth trends, available here.. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). 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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Beijing Tong Ren Tang Chinese Medicine the TSR over the last 3 years was 59%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! While the broader market lost about 3.7% in the twelve months, Beijing Tong Ren Tang Chinese Medicine shareholders did even worse, losing 11% (even including dividends). However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Longer term investors wouldn't be so upset, since they would have made 8.4%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It is all well and good that insiders have been buying shares, but we suggest youcheck here to see what price insiders were buying at. 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 HK 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.
Does The Data Make Agile Group Holdings Limited (HKG:3383) An Attractive Investment? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! I've been keeping an eye on Agile Group Holdings Limited (HKG:3383) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe 3383 has a lot to offer. Basically, it is a highly-regarded dividend-paying company with a a strong history of performance, trading at a discount. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at thereport on Agile Group Holdings here. Over the past year, 3383 has grown its earnings by 18%, with its most recent figure exceeding its annual average over the past five years. Not only did 3383 outperformed its past performance, its growth also surpassed the Real Estate industry expansion, which generated a 5.5% earnings growth. This is what investors like to see! 3383's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. According to my intrinsic value of the stock, which is driven by analyst consensus forecast of 3383's earnings, investors now have the opportunity to buy into the stock to reap capital gains. Also, relative to the rest of its peers with similar levels of earnings, 3383's share price is trading below the group's average. This supports the theory that 3383 is potentially underpriced. 3383’s reputation for being one of the best dividend payers in the market is supported by the fact that it has been steadily growing its dividend payments over the past ten years and currently is one of the top yielding companies on the markets, at 9.3%. For Agile Group Holdings, there are three pertinent aspects you should look at: 1. Future Outlook: What are well-informed industry analysts predicting for 3383’s future growth? Take a look at ourfree research report of analyst consensusfor 3383’s outlook. 2. Financial Health: Are 3383’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out ourfinancial health checks here. 3. Other Attractive Alternatives: Are there other well-rounded stocks you could be holding instead of 3383? Exploreour interactive list of stocks with large potentialto get an idea of what else is out there you may be missing! We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Judge: Immigration Officials Must Let Doctors Into Centers Housing Migrant Children A federal judge has ordered immigration officials to allow doctors and public health professionals into detention facilities housing migrant children to address safety and sanitation concerns. U.S. District Judge Dolly Gee of Californias Central District asked on Friday for an independent monitor to ensure that the government quickly deals with the allegedly filthy conditions in Border Patrol facilities and that doctors assess the detained childrens medical needs, according to The New York Times . Gee gave a July 12 deadline for the Trump administration to report on what has been done post haste to fix the conditions. The order forces the government to allow the facilities to be inspected by public health professionals and staffed by medical professionals. It involves all of U.S. Customs and Border Protections facilities in Texas El Paso and Rio Grande Valley sectors, which are the subjects of a lawsuit reacting to reports of unsanitary conditions at the detention centers. A group of lawyers filed a June 26 temporary restraining order with Gee to hold the Trump administration in contempt. The filing is related to the Flores settlement , a 1997 agreement that details child welfare standards in detention. Children are held for weeks in deplorable conditions, without access to soap, clean water, showers, clean clothing, toilets, toothbrushes, adequate nutrition or adequate sleep, the court filing stated. The children, including infants and expectant mothers, are dirty, cold, hungry and sleep-deprived. A CBP official declined to comment to HuffPost after the Friday ruling, citing pending litigation. Gees emergency order comes in the midst of nationwide concern about the inhumane conditions in Border Patrol facilities, which some experts have said qualify as concentration camps . Government officials have previously argued that theyre responding as best they can given the surge in new arrivals at the U.S.-Mexico border. A record number of children and families are crossing the border, and some facilities have temporarily shut down or quarantined children because of sickness. Story continues Five migrant children have died in Border Patrol custody since December, and a sixth was recently discovered to have died in September. The lawyers who filed the lawsuit against the Trump administration did so after interviewing dozens of minors at the facilities mentioned in the court filing. The children described being hungry, cold, sick, having to take care of detained infants, and not being allowed to bathe or brush their teeth. The declarations paint a picture of wanton disregard for the safety and welfare of children in their care, said Hope Frye, an immigration lawyer who spoke with the children. There is complicity across Customs and Border Protection in the systematic persecution of children and the cruel and inhuman circumstances in which they are kept. In her order, Gee said the court has dealt with previous Flores settlement violations by the government, the Times reported. The emergent nature of the lawyers reports demands immediate action, she reportedly said. The Court has already issued several orders that have set forth in detail what it considers to be violations of the Flores Agreement, Gee wrote, according to CNN . Thus, the parties need not use divining tools to extrapolate from those orders what does or does not constitute non-compliance. The Court has made that clear beyond peradventure. Related Coverage Concentration Camp Expert Doubles Down: 'Same Thing' Happening At Southern Border Lawyers Want Inspections Of Migrant Kid Centers In Their Own Words, Migrant Children Describe Horrific Conditions At Border Patrol Facilities Love HuffPost? Become a founding member of HuffPost Plus today. This article originally appeared on HuffPost .
Don't Sell Time Technoplast Limited (NSE:TIMETECHNO) Before You Read This Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Time Technoplast Limited's (NSE:TIMETECHNO) P/E ratio and reflect on what it tells us about the company's share price.Time Technoplast has a price to earnings ratio of 10.56, based on the last twelve months. That corresponds to an earnings yield of approximately 9.5%. View our latest analysis for Time Technoplast Theformula for P/Eis: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Time Technoplast: P/E of 10.56 = ₹94.6 ÷ ₹8.96 (Based on the year to March 2019.) A higher P/E ratio means that buyers have to paya higher pricefor each ₹1 the company has earned over the last year. That isn't a good or a bad thing on its own, but a high P/E means that buyers have a higher opinion of the business's prospects, relative to stocks with a lower P/E. P/E ratios primarily reflect market expectations around earnings growth rates. If earnings are growing quickly, then the 'E' in the equation will increase faster than it would otherwise. And in that case, the P/E ratio itself will drop rather quickly. And as that P/E ratio drops, the company will look cheap, unless its share price increases. Time Technoplast increased earnings per share by an impressive 12% over the last twelve months. And its annual EPS growth rate over 5 years is 15%. This could arguably justify a relatively high P/E ratio. The P/E ratio essentially measures market expectations of a company. You can see in the image below that the average P/E (9.3) for companies in the packaging industry is lower than Time Technoplast's P/E. That means that the market expects Time Technoplast will outperform other companies in its industry. Shareholders are clearly optimistic, but the future is always uncertain. So investors should delve deeper. I like to checkif company insiders have been buying or selling. Don't forget that the P/E ratio considers market capitalization. So it won't reflect the advantage of cash, or disadvantage of debt. The exact same company would hypothetically deserve a higher P/E ratio if it had a strong balance sheet, than if it had a weak one with lots of debt, because a cashed up company can spend on growth. 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. Time Technoplast has net debt equal to 36% of its market cap. You'd want to be aware of this fact, but it doesn't bother us. Time Technoplast's P/E is 10.6 which is below average (15.3) in the IN market. The EPS growth last year was strong, and debt levels are quite reasonable. The low P/E ratio suggests current market expectations are muted, implying these levels of growth will not continue. Since analysts are predicting growth will continue, one might expect to see a higher P/E soit may be worth looking closer. Investors have an opportunity when market expectations about a stock are wrong. As value investor Benjamin Graham famously said, 'In the short run, the market is a voting machine but in the long run, it is a weighing machine.' So thisfreereport on the analyst consensus forecastscould help you make amaster moveon this stock. But note:Time Technoplast may not be the best stock to buy. So take a peek at thisfreelist of interesting companies with strong recent earnings growth (and a P/E ratio 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.
The Best Beauty Instagrams of the Week: Mette Towley, Jada Pinkett Smith, and More Celestial glows were abundant on Instagram this past week. Artist Kelsey Lu , was one of many who radiated, with bare skin and shapely brows above a few lilies. Mette Towley showcased her "magic" with a neon green lid and coral cheeks, thanks to the help of makeup artist Bob Scott. After taking some time to "heal and align," model Alton Mason glistened in a sun-filled snapshot and reminded followers "to always put your mental health and family first." Double-take-worthy braids graced feeds as well. Ebonee Davis stunned for the BET Awards with a classic winged liner, blushed cheeks, and highlight, her baby hairs slicked to perfection by Jazmin Kelly, while the rest of her tresses were pulled back into thick cornrows. Speaking of cornrows, Imaan Hammam paired hers with a cherry-toned lip and a kohl-rimmed bottom lash line. Jada Pinkett Smith embraced a little golden glimmer with platinum blonde box braids and a rose gold highlight. Meanwhile, rising singer Raveena turned heads with colorfully sculptural braids and minty-hued eyes. Dua Lipa did a bit of transforming with a teal-toned bob while in the UK for Glastonbury Festival. FKA Twigs continued to inspire with her active lifestyle. On her agenda? A few squats—and challenging herself to learn an aerial cartwheel. Rosalía stepped out in Tenerife, Spain with a next-level, multi-colored bejeweled mani along with rouged cheeks. As for model Marquita Pring? She wowed onlookers with shimmering skin, mini box braids, and an ode to her stretch marks that reminded readers how "beyond liberating" it is to love them. See the videos. Originally Appeared on Vogue
Time Technoplast Limited (NSE:TIMETECHNO): The Best Of Both Worlds Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Time Technoplast Limited (NSE:TIMETECHNO) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of TIMETECHNO, it is a notable dividend payer that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. If you're interested in understanding beyond my broad commentary, take a look at thereport on Time Technoplast here. TIMETECHNO's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This implies that TIMETECHNO manages its cash and cost levels well, which is a key determinant of the company’s health. TIMETECHNO's has produced operating cash levels of 0.36x total debt over the past year, which implies that TIMETECHNO's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings. Income investors would also be happy to know that TIMETECHNO is a great dividend company, with a current yield standing at 1.0%. TIMETECHNO has also been regularly increasing its dividend payments to shareholders over the past decade. For Time Technoplast, I've put together three fundamental factors you should further research: 1. Future Outlook: What are well-informed industry analysts predicting for TIMETECHNO’s future growth? Take a look at ourfree research report of analyst consensusfor TIMETECHNO’s outlook. 2. Historical Performance: What has TIMETECHNO's returns been like over the past? Go into more detail in the past track record analysis and take a look atthe free visual representations of our analysisfor more clarity. 3. Other Attractive Alternatives: Are there other well-rounded stocks you could be holding instead of TIMETECHNO? Exploreour interactive list of stocks with large potentialto get an idea of what else is out there you may be missing! We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
UAE debuts the world's largest individual solar power project The United Arab Emirates might still be associated with oil money, but it just set a record for reducing its dependence on oil. The Emirate Water and Electricity Company hasstarted runningNoor Abu Dhabi, the largest individual solar power project in the world. At 1.18 gigawatts of peak capacity, it's only eclipsed by solar parks (where multiple projects share space) -- it makes the US' biggest facility, the 569MW Solar Star, seem modest by comparison. Not surprisingly, Abu Dhabi is keen to tout the environmental benefits. It estimates that Noor Abu Dhabi's 3.2 million panels provide enough power for 90,000 people, and will lower CO2 emissions by 1 million metric tonnes (984,206 imperial tons). That's the equivalent of pulling 200,000 cars off the roads, according to the emirate. It's hard to deny that the UAE is using the solar farm as a publicity tool. Although it should have a tangible effect on emissions, the reality is that the UAE is still heavily reliant on oil. It recentlytalkedabout cutting oil production to balance the market, not to shy away from fossil fuels. It remains an important development, though, and you can expect other record-setting solar projects before long. Emirates Water and Electric has early plans for a 2GW solar project, and Saudi Arabia has a basic agreement for 2.6GW of solar power in Mecca. The region is quickly becoming kinder to the planet, even if it's not ready to ditch its most prized resource just yet.
Does Tata Elxsi Limited's (NSE:TATAELXSI) Recent Track Record Look Strong? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! When Tata Elxsi Limited (NSE:TATAELXSI) announced its most recent earnings (31 March 2019), I did two things: looked at its past earnings track record, then look at what is happening in the industry. Understanding how Tata Elxsi performed requires a benchmark rather than trying to assess a standalone number at one point in time. Below is a quick commentary on how I see TATAELXSI has performed. View our latest analysis for Tata Elxsi TATAELXSI's trailing twelve-month earnings (from 31 March 2019) of ₹2.9b has jumped 21% compared to the previous year. However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 26%, indicating the rate at which TATAELXSI is growing has slowed down. To understand what's happening, let's look at what's transpiring with margins and whether the whole industry is experiencing the hit as well. In terms of returns from investment, Tata Elxsi has invested its equity funds well leading to a 31% return on equity (ROE), above the sensible minimum of 20%. Furthermore, its return on assets (ROA) of 23% exceeds the IN Software industry of 7.5%, indicating Tata Elxsi has used its assets more efficiently. However, its return on capital (ROC), which also accounts for Tata Elxsi’s debt level, has declined over the past 3 years from 56% to 41%. While past data is useful, it doesn’t tell the whole story. Positive growth and profitability are what investors like to see in a company’s track record, but how do we properly assess sustainability? I recommend you continue to research Tata Elxsi to get a better picture of the stock by looking at: 1. Future Outlook: What are well-informed industry analysts predicting for TATAELXSI’s future growth? Take a look at ourfree research report of analyst consensusfor TATAELXSI’s outlook. 2. Financial Health: Are TATAELXSI’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out ourfinancial health checks here. 3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore ourfree list of these great stocks here. NB: Figures in this article are calculated using data from the trailing twelve months from 31 March 2019. This may not be consistent with full year annual report figures. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
All You Need To Know About Viva Energy Group Limited's (ASX:VEA) Financial Health Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Stocks with market capitalization between $2B and $10B, such as Viva Energy Group Limited (ASX:VEA) with a size of AU$4.1b, do not attract as much attention from the investing community as do the small-caps and large-caps. However, history shows that overlooked mid-cap companies have performed better on a risk-adjusted manner than the smaller and larger segment of the market. VEA’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look furtherinto VEA here. View our latest analysis for Viva Energy Group Over the past year, VEA has reduced its debt from AU$290m to AU$159m , which includes long-term debt. With this reduction in debt, VEA currently has AU$124m remaining in cash and short-term investments to keep the business going. Additionally, VEA has generated cash from operations of AU$287m in the last twelve months, resulting in an operating cash to total debt ratio of 180%, indicating that VEA’s debt is appropriately covered by operating cash. At the current liabilities level of AU$2.1b, it seems that the business has been able to meet these commitments with a current assets level of AU$2.4b, leading to a 1.18x current account ratio. The current ratio is calculated by dividing current assets by current liabilities. Usually, for Oil and Gas companies, this is a suitable ratio as there's enough of a cash buffer without holding too much capital in low return investments. With a debt-to-equity ratio of 5.7%, VEA's debt level is relatively low. VEA is not taking on too much debt commitment, which can be restrictive and risky for equity-holders. We can test if VEA’s debt levels are sustainable by measuring interest payments against earnings of a company. Ideally, earnings before interest and tax (EBIT) should cover net interest by at least three times. For VEA, the ratio of 9.85x suggests that interest is appropriately covered, which means that lenders may be less hesitant to lend out more funding as VEA’s high interest coverage is seen as responsible and safe practice. VEA’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow. Furthermore, the company exhibits proper management of current assets and upcoming liabilities. This is only a rough assessment of financial health, and I'm sure VEA has company-specific issues impacting its capital structure decisions. I recommend you continue to research Viva Energy Group to get a better picture of the stock by looking at: 1. Future Outlook: What are well-informed industry analysts predicting for VEA’s future growth? Take a look at ourfree research report of analyst consensusfor VEA’s outlook. 2. Valuation: What is VEA 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 VEA 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.
Is Woodside Petroleum Ltd's (ASX:WPL) CEO Paid Enough Relative To Peers? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Peter Coleman became the CEO of Woodside Petroleum Ltd (ASX:WPL) in 2011. First, this article will compare CEO compensation with compensation at other large companies. Then we'll look at a snap shot of the business growth. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. The aim of all this is to consider the appropriateness of CEO pay levels. View our latest analysis for Woodside Petroleum According to our data, Woodside Petroleum Ltd has a market capitalization of AU$34b, and pays its CEO total annual compensation worth US$6.5m. (This number is for the twelve months until December 2018). That's below the compensation, last year. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$2.0m. We looked at a group of companies with market capitalizations over US$8.0b and the median CEO total compensation was US$3.6m. There aren't very many mega-cap companies, so we had to take a wide range to get a meaningful comparison figure. Thus we can conclude that Peter Coleman receives more in total compensation than the median of a group of large companies in the same market as Woodside Petroleum Ltd. However, this doesn't necessarily mean the pay is too high. We can better assess whether the pay is overly generous by looking into the underlying business performance. The graphic below shows how CEO compensation at Woodside Petroleum has changed from year to year. Over the last three years Woodside Petroleum Ltd has grown its earnings per share (EPS) by an average of 62% per year (using a line of best fit). In the last year, its revenue is up 32%. This demonstrates that the company has been improving recently. A good result. The combination of strong revenue growth with medium-term earnings per share improvement certainly points to the kind of growth I like to see. Shareholders might be interested inthisfreevisualization of analyst forecasts. Most shareholders would probably be pleased with Woodside Petroleum Ltd for providing a total return of 58% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size. We compared the total CEO remuneration paid by Woodside Petroleum Ltd, and compared it to remuneration at a group of other large companies. Our data suggests that it pays above the median CEO pay within that group. However we must not forget that the EPS growth has been very strong over three years. In addition, shareholders have done well over the same time period. So, considering this good performance, the CEO compensation may be quite appropriate. If you think CEO compensation levels are interesting you will probably really likethis free visualization of insider trading at Woodside Petroleum. If you want to buy a stock that is better than Woodside Petroleum, thisfreelist of high return, low debt companies is a great place to look. 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.
Starz's The Rook Premiere: Grade It Click here to read the full article. “Dear you: If you are reading these words but don’t remember writing them, then I’m afraid I failed. You have survived several immediate threats, but you are in danger.” So begins a highly unsettling note Myfanwy Thomas (played by Emma Greenwell, Shameless ) finds in her pocket at the start of The Rook , Showtime’s adaptation of Daniel O’Malley’s supernatural-spy novel. Even more unnerving: Myfanwy has just woken up alongside London’s Millennium Bridge, in the rain, among several dead bodies wearing latex gloves. Related stories Power Season 6: Everything We Know About Ghost & Co.'s Final Episodes Starz's The Rook Premiere: Grade It The TVLine-Up: What's Returning, New and Leaving the Week of June 30 Myfanwy’s frantic and frazzled efforts to figure out just what the frilly heck is going on make up much of the drama’s first hour. After getting a room at a shady motel, Myfanwy examines her copious bruises and gets a few hours’ sleep. She also continues to read messages that her pre-memory-loss self left. That’s how she learned that she got information from “a reliable source” that she’d be attacked, “though I don’t know by whom. I know I’m going to survive, though I don’t know how, and I know that my memory is going to be erased forever.” Along with the letters, Old Myfanwy offers New Myfanwy a choice: a path to escape her old life, or a way to reassume it. Oh, and in case you were wondering, “Myfanwy” rhymes with “Tiffany.” She makes her way to a bank to access a safe-deposit box, but she’s attacked upon entering the building. Then, seemingly without knowing how she does it, Myfanwy generates some type of power from within her that kills one attacker and seriously wounds the other. Freaked out, she retrieves the contents of the box — which include a gun — and follow directions to her apartment. the-rook-premiere-recap-season-1-episode-1 There she finds all the evidence of her old life, including a medicine cabinet full of prescription drugs and a fairly monochromatic wardrobe. A video message from Old Myfanwy leads New Myfanwy to a secret room in the flat, and that’s where we learn that she’s a high ranking member of a secret governmental agency called the Checquy. “We’re a secret wing of British intelligence that recruit people with certain abilities,” Old Myfanwy informs her. “You are one of these people, with the potential to be a deadly weapon.” (Those bodies by the bridge are starting to make more sense, no?) Story continues All of the Checquy’s senior agents have codenames related to chess; Myfanwy is a rook (hence the name of the show) who’s not an agent in the field but rather someone who supports the agency’s work. Rook Gestalt is four agents with one consciousness (“Remember: Speak to one, you’ve spoken to all,” Old Myfanwy warns). Linda Farrier (Joely Richardson, Nip/Tuck ), the king, is Myfanwy’s boss and mentor; Conrad Grantchester, the queen, is second-in-command. He also has the power to alter the atmosphere and is “dangerous.” Farrier eventually shows up at the apartment and realizes that Myfanwy’s memory has been wiped. She knows about the incidents at the bridge and the bank. She tries to get Myfanwy to come into the office, but the younger woman is understandably wary and refuses. Linda also urges Myfanwy to take a pill to calm herself, but when Linda leaves, Myfanwy spits it out. the-rook-premiere-recap-season-1-episode-1 Meanwhile, an American agent named Monica (Olivia Munn, The Newsroom ) accompanies Grantchester to the morgue to identify a male agent who’s gone missing. When she does, it seems like maybe she and the dead agent were more than co-workers. (Also of note: It seems like perhaps Monica has a supernatural power or two, herself.) Eventually, Myfanwy decides to go to work. And though she has nearly no idea what’s going on or to whom she’s speaking — or even where her office is located — no one but Linda seems to notice that something is spectacularly wrong. The most unnerving moment is when Myfanwy gets pulled into a private corner with one-quarter of Rook Gestalt and realizes that she had a drunken hook-up with him (them?) that “can’t happen again,” Robert Gestalt (Ronan Raftery, The Terror ) tells her. She also briefly meets Monica, who is miffed she’s been placed with the support directorate instead of out in the field with Gestalt. In her desk, Myfanwy finds another note from her former self: “The person who hurt you, betrayed you, is right here. They know what they did, but I don’t know who they are. My best advice to you? Don’t trust anyone.” Now it’s your turn. What did you think of the premiere? Grade the episode via the poll below, then hit the comments with your thoughts! Sign up for TVLine's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . View comments
Can You Imagine How Woodside Petroleum's (ASX:WPL) Shareholders Feel About The 36% Share Price Increase? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! By buying an index fund, investors can approximate the average market return. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, theWoodside Petroleum Ltd(ASX:WPL) share price is up 36% in the last three years, clearly besting than the market return of around 24% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 8.3% in the last year, including dividends. View our latest analysis for Woodside Petroleum To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. 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, Woodside Petroleum achieved compound earnings per share growth of 261% per year. The average annual share price increase of 11% is actually lower than the EPS growth. Therefore, it seems the market has moderated its expectations for growth, somewhat. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Before buying or selling a stock, we always recommend a close examination ofhistoric growth trends, available here.. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Woodside Petroleum's TSR for the last 3 years was 58%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted thetotalshareholder return. Woodside Petroleum provided a TSR of 8.3% over the last twelve months. But that return falls short of the market. On the bright side, that's still a gain, and it's actually better than the average return of 2.8% over half a decade This could indicate that the company is winning over new investors, as it pursues its strategy. 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 Woodside Petroleum by clicking this link. Woodside Petroleum 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. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on AU 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.
Can We See Significant Insider Ownership On The Chambal Fertilisers and Chemicals Limited (NSE:CHAMBLFERT) Share Register? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Every investor in Chambal Fertilisers and Chemicals Limited (NSE:CHAMBLFERT) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Chambal Fertilisers and Chemicals has a market capitalization of ₹73b, so we would expect some institutional investors to have noticed the stock. In the chart below below, we can see 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 CHAMBLFERT. View our latest analysis for Chambal Fertilisers and Chemicals Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors own 21% of Chambal Fertilisers and Chemicals. 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. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Chambal Fertilisers and Chemicals, (below). Of course, keep in mind that there are other factors to consider, too. Chambal Fertilisers and Chemicals is not owned by hedge funds. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. 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. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own some shares in Chambal Fertilisers and Chemicals Limited. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around ₹4.5b worth of shares (at current prices). It is good to see this level of investment by insiders. You cancheck here to see if those insiders have been buying recently. The general public holds a 19% stake in CHAMBLFERT. 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. Our data indicates that Private Companies hold 28%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. Public companies currently own 24% of CHAMBLFERT stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. I always like to check for ahistory of revenue growth. You can too, by accessing this free chart ofhistoric revenue and earnings in thisdetailed graph. 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.
How Much Are Bestway Global Holding Inc. (HKG:3358) Insiders Spending On Buying Shares? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we'll take a look at whether insiders have been buying or selling shares inBestway Global Holding Inc.(HKG:3358). It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market. We don't think shareholders should simply follow insider transactions. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard Universitystudyfound that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Bestway Global Holding In the last twelve months, the biggest single purchase by an insider was when Chairman & CEO Qiang Zhu bought HK$1.4m worth of shares at a price of HK$4.48 per share. That means that even when the share price was higher than HK$3.66 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Qiang Zhu. Qiang Zhu purchased 1.9m shares over the year. The average price per share was HK$3.92. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! Bestway Global Holding 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. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Bestway Global Holding insiders own 14% of the company, worth about HK$530m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Bestway Global Holding insiders are well aligned, and quite possibly think the share price is too low. Looks promising! Of course,the future is what matters most. So if you are interested in Bestway Global Holding, you should check out thisfreereport on analyst forecasts for the company. Of courseBestway Global Holding may not be the best stock to buy. So you may wish to see thisfreecollection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Tata Elxsi Limited (NSE:TATAELXSI): Is It A Smart Long Term Opportunity? Want to participate in a short research study ? Help shape the future of investing tools and you could win a $250 gift card! On 31 March 2019, Tata Elxsi Limited ( NSE:TATAELXSI ) released its earnings update. Generally, analyst forecasts seem fairly subdued, with profits predicted to rise by 8.3% next year relative to the higher past 5-year average growth rate of 26%. With trailing-twelve-month net income at current levels of ₹2.9b, we should see this rise to ₹3.1b in 2020. Below is a brief commentary on the longer term outlook the market has for Tata Elxsi. For those keen to understand more about other aspects of the company, you can research its fundamentals here . See our latest analysis for Tata Elxsi How will Tata Elxsi perform in the near future? The longer term view from the 4 analysts covering TATAELXSI is one of positive sentiment. Since forecasting becomes more difficult further into the future, broker analysts generally project out to around three years. I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of TATAELXSI's earnings growth over these next few years. NSEI:TATAELXSI Past and Future Earnings, July 1st 2019 By 2022, TATAELXSI's earnings should reach ₹3.7b, from current levels of ₹2.9b, resulting in an annual growth rate of 9.5%. This leads to an EPS of ₹59 in the final year of projections relative to the current EPS of ₹46.56. As revenues is expected to outpace earnings, analysts expect margins to contract from the current 18% to 17% by the end of 2022. Next Steps: Future outlook is only one aspect when you're building an investment case for a stock. For Tata Elxsi, I've compiled three important aspects you should look at: Financial Health : Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk. Valuation : What is Tata Elxsi worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether Tata Elxsi is currently mispriced by the market. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of Tata Elxsi? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing! We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. If you spot an error that warrants correction, please contact the editor 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.
Al Horford agrees to terms with Sixers, per report After unexpectedly opting out with the Boston Celtics, Al Horford has reportedly agreed to terms with the Philadelphia 76ers on a four-year, $109 million deal. Five-time All-Star F/C Al Horford has agreed to a four-year, $109M deal with the Philadelphia 76ers, agent Jason Glushon tells ESPN. — Adrian Wojnarowski (@wojespn) July 1, 2019 It was reported minutes earlier that star forward Jimmy Butler had agreed to another blockbuster deal with the Miami Heat via a sign-and-trade, which will reportedly send Josh Richardson back to Philadelphia. [Free agency updates: Keep track of the moves, rumors, cap space and more ] For now, the Sixers could be set to enter next season with a supersized starting lineup of Ben Simmons, Richardson, Tobias Harris, Horford and Joel Embiid. Al Horford moves on from the Celtics Horford, 33, was due $30.1 million in the final season of his four-year deal in Boston. ESPN initially reported that he opted out as he and the Celtics intended to work out a long-term deal . After he opted out, the two sides reportedly decided they were too far apart to reach a long-term agreement. A 12-year NBA veteran, the 6-10 power forward has made five All-Star teams and remains an effective player on both sides of the court. Horford averaged 13.6 points, 6.7 rebounds and 4.2 assists while shooting 53.5 percent from the field and 36 percent from 3-point distance in 68 starts last season. An NBA All-Defensive Team selection in 2018, Horford continued to excel on defense last season. He was one of the few players in the league t o successfully slow down Bucks star Giannis Antetokounmpo . Before joining the Celtics in 2016, Horford played his entire career with the Atlanta Hawks, who drafted him No. 3 overall in 2007 after he helped lead Florida to a pair of national championships. Horford was a key part of the roster construction as the Celtics sought to build a championship contender before those plans appeared to fall apart in the postseason and beginning of the offseason. Story continues In addition to his play on the court, Horford is a strong veteran locker room presence and reportedly a well-liked player by his teammates. More from Yahoo Sports: World Cup: England’s coach praises Rapinoe's character Mets put living players in ‘In Memoriam’ montage Gronk's physical appearance sends a clear message about retirement Here are the full rosters for the 2019 MLB All-Star Game
Should You Care About Adelaide Brighton Limited’s (ASX:ABC) Investment Potential? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today we are going to look at Adelaide Brighton Limited (ASX:ABC) to see whether it might be an attractive investment prospect. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. First of all, we'll work out how to calculate ROCE. Next, we'll compare it to others in its industry. Last but not least, we'll look at what impact its current liabilities have on its ROCE. ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business. All else being equal, a better business will have a higher ROCE. Overall, it is a valuable metric that has its flaws. 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 Adelaide Brighton: 0.11 = AU$213m ÷ (AU$2.1b - AU$179m) (Based on the trailing twelve months to December 2018.) Therefore,Adelaide Brighton has an ROCE of 11%. Check out our latest analysis for Adelaide Brighton ROCE is commonly used for comparing the performance of similar businesses. We can see Adelaide Brighton's ROCE is around the 11% average reported by the Basic Materials industry. Independently of how Adelaide Brighton compares to its industry, its ROCE in absolute terms appears decent, and the company may be worthy of closer investigation. You can click on the image below to see (in greater detail) how Adelaide Brighton's past growth compares to other companies. When considering ROCE, bear in mind that it reflects the past and does not necessarily predict the future. Companies in cyclical industries can be difficult to understand using ROCE, as returns typically look high during boom times, and low during busts. ROCE is only a point-in-time measure. Future performance is what matters, and you can see analyst predictions in ourfreereport on analyst forecasts for the company. Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. To counteract this, we check if a company has high current liabilities, relative to its total assets. Adelaide Brighton has total assets of AU$2.1b and current liabilities of AU$179m. As a result, its current liabilities are equal to approximately 8.6% of its total assets. With low current liabilities, Adelaide Brighton's decent ROCE looks that much more respectable. This is good to see, and while better prospects may exist, Adelaide Brighton seems worth researching further. Adelaide Brighton looks strong on this analysis,but there are plenty of other companies that could be a good opportunity. Here is afree listof companies growing earnings rapidly. I will like Adelaide Brighton better if I see some big insider buys. While we wait, check out thisfreelist of growing companies with considerable, recent, insider buying. 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.
Scooter Braun's Wife Comes to His Defense Against Taylor Swift: 'Who Are You to Talk About Bullying?' Move over, Justin Bieber Scooter Braun 's wife is now defending him against Taylor Swift and she is not holding back one bit. Yael Cohen Braun who founded the charity F--k Cancer after her mother was diagnosed with breast cancer unloaded on Swift after the singer called out Braun after the news broke that he acquired the record label that owned Swift's first six albums. "Let's start with @taylorswift, whoa," Lael began. "Then let's get the facts straight. You were given the opportunity to own your masters, you passed. Interesting that the man you're so 'grossed out' by believed in you more than you believe in yourself. Your dad is a shareholder and was notified and Brochetta personally told you before this came out. So no, you didn't find out with the world." She then went in on Swift's bullying accusations against Braun, writing, "And girl, who are you to talk about bullying? The world watched you collect and drop friends like wilted flowers. My husband is anything but a bully, he's spent his life standing up for people and causes he believes in ... Beyond that, it's easy to see that the point of putting this out was to get people to bully him. You are supposed to be a role model, but continue to model bullying." Lael then defended Braun for any part he might played in Swift's feud with Kanye West and Kim Kardashian, writing, "He's a manager, not God. He cannot control actions of other humans, even ones he manages. Don't blame him because Kim Kardashian caught you in a lie, its embarrassing I know-but adults own up to their mistakes. We learn and grow from them, we don't divert blame and blur the lines of reality to suit our needs." She then referred to Swift's Tumblr post as "embarrassing" and a "temper tantrum." Lael concluded her post by saying, "Lastly, if you think he can control his clients, please control your fans. Leave our personal life and kids out of this. You don't understand yet what line that crosses, but one day you will. And I hope you have the dignity, class and kindness to leave your fans out of this and have an open discussion. Tumblr can't fix this, a phone call can." Story continues Yael's passionate defense came after Bieber wrote one of his own, in which he both apologized to Swift for his past actions but admonished her for her current ones. The Biebs responded Sunday afternoon, writing, "First of all i would like to apologize for posting that hurtful instagram post, at the time i thought it was funny but looking back it was distasteful and insensitive." Bieber then defended his manager, writing, "I have to be honest though it was my caption and post that I screenshoted of scooter and Kanye that said 'taylor swift what up' he didnt have anything to do with it and it wasnt even a part of the conversation in all actuality he was the person who told me not to joke like that." But then his post took a turn and he took a shot at Swift for her decision to write the blog at all, saying, "As the years have passed we havent crossed paths and gotten to communicate our differences, hurts or frustrations. So for you to take it to social media and get people to hate on scooter isnt fair. What were you trying to accomplish by posting that blog? seems to me like it was to get sympathy u also knew that in posting that your fans would go and bully scooter." In Swift's lengthy Tumblr post about Braun's acquisition of Big Machine Label Group (which owns her first six albums), she described the move as her "worst case scenario." Swift went on to explain, "When I left my masters in Scotts hands, I made peace with the fact that eventually he would sell them. Never in my worst nightmares did I imagine the buyer would be Scooter. Any time Scott Borchetta has heard the words 'Scooter Braun' escape my lips, it was when I was either crying or trying not to. He knew what he was doing; they both did. Controlling a woman who didnt want to be associated with them. In perpetuity. That means forever." Swift also accused Braun of "incessant, manipulative bullying," explaining, "Like when Kim Kardashian orchestrated an illegally recorded snippet of a phone call to be leaked and then Scooter got his two clients together to bully me online about it. ... Or when his client, Kanye West, organized a revenge porn music video which strips my body naked. Now Scooter has stripped me of my lifes work, that I wasnt given an opportunity to buy. Essentially, my musical legacy is about to lie in the hands of someone who tried to dismantle it."
Scooter Braun's Wife Claps Back at Taylor Swift, Claims She 'Passed' on Owning Her Masters Following Taylor Swift s emotional post alleging manager Scooter Braun is " bullying " her by buying up her masters along with Big Machine Records, Brauns wife, Yael Cohen Braun, has some choice words for the pop star. "I have never been one for a public airing of laundry, but when you attack my husbandhere we go," Cohen Braun began in an Instagram post on Sunday. "Lets start with @taylorswift, whoa. Then lets get the facts straight. You were given the opportunity to own your masters, you passed. Interesting that the man youre 'grossed out' by believed in you more than you believe in yourself." "Your dad is a shareholder and was notified, and [Big Machine Records CEO, Scott] Borchetta personally told you before this came out. So no, you didnt find out with the world," she continued. "And girl, who are you to talk about bullying? The world has watched you collect and drop friends like wilted flowers. My husband is anything but a bully, hes spent his life standing up for people and causes he believes in" A spokesperson for Swift refuted Cohen Braun's claims about her Swift's dad's position in the company and the timeline of when the 29-year-old pop star found out about the sale in a statement on Monday. "Scott Swift is not on the board of directors and has never been. On June 25, there was a shareholder phone call that Scott Swift did not participate in due to a very strict NDA that bound all shareholders and prohibited any discussion at all without risk of severe penalty," Swift's spokesperson said. "Her dad did not join that call because he did not want to be required to withhold any information from his own daughter." "Taylor found out from the news articles when she woke up before seeing any text from Scott Borchetta and he did not call her in advance," the spokesperson added. Next, Cohen Braun defended Kanye West and Kim Kardashian regarding that infamous recorded phone conversation between West and Swift concerning his track Famous. "Beyond that, its easy to see that the point of putting this out was to get people to bully him. You are supposed to be a role model, but continue to model bullying," she added. "Hes a manager, not God. He cannot control the action of other humans, even ones he manages. Dont blame him because Kim caught you in a lie, its embarrassing I know but adults own up to their mistakes. We learn and grow from them, we dont divert blame and blur lines of reality to suit our needs." Cohen Braun continued: "What you havent seen is what happens behind closed doors, when he was supported and stood up for you. When he has challenged his clients to be kind or be quiet. When he has reached an olive branch out to you on numerous occasions." "Scott (Scooter) was so excited to work and build with you. How embarrassing this temper tantrum is because you didnt get your own way," she concluded. "He believes in and supports you, I sincerely hope you can learn to love and believe in yourself the way my husband does. Lastly, if you think he can control his clients, please control your fans. Leave our personal life and kids out of this. You dont understand yet what lines that crosses, but one day you will. And I hope you have the dignity, class and kindness to leave your fans out of this and have an open discussion. Tumblr cant fix this, a phone call can." Story continues View this post on Instagram @taylorswift, Im here to talk privately anytime. A post shared by Yael Cohen Braun (@yael) on Jun 30, 2019 at 3:53pm PDT ET has reached out to both Swift and Brauns reps. A source close to the sale of Big Machine Label Group tells ET that shareholders of the record company were informed of the sale on Tuesday. The source also claims Borchetta, the label's founder, allegedly sent Swift a message about the sale on Saturday. It is unclear how the message was sent. In her post, Swift alleges Brauns acquisition of Big Machine Records is a power play designed to hurt her career . "For years I asked, pleaded for a chance to own my work. Instead I was given an opportunity to sign back up to Big Machine Records and 'earn' one album back at a time, one for every new one I turned in. I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future. I had to make the excruciating choice to leave behind my past. Music I wrote on my bedroom floor and videos I dreamed up and paid for from the money I earned playing in bars, then clubs, then arenas, then stadiums," Swift wrote. "Like when Kim Kardashian orchestrated an illegally recorded snippet of a phone call to be leaked and then Scooter got his two clients together to bully me online about it," she added, pointing fans to the included photo, a screenshot of Bieber's video chat with Braun and West, with the caption, "Taylor Swift what up." "Or when his client, Kanye West, organized a revenge porn music video which strips my body naked. Now Scooter has stripped me of my life's work, that I wasn't given an opportunity to buy. Essentially, my musical legacy is about to lie in the hands of someone who tried to dismantle it." Since, numerous elebrities have come to both Swift and Brauns defense . However, Justin Bieber, the managers first big client, shared a post directed at Swift . "Hey Taylor. First of all I would like to apologize for posting that hurtful instagram post, at the time i thought it was funny but looking back it was distasteful and insensitive," Bieber wrote on Sunday. "I have to be honest though it was my caption and post that I screenshoted of scooter and Kanye that said 'taylor swift what up' he didnt have anything to do with it and it wasnt even a part of the conversation in all actuality he was the person who told me not to joke like that." Bieber continued, telling Swift that "both Scooter and I love you." "I feel like the only way to resolve conflict is through communication. So banter back and fourth online i dont believe solves anything. Im sure Scooter and i would love to talk to you and resolve any conflict, pain or or any feelings that need to be addressed. Neither scooter or i have anything negative to say about you we truly want the best for you," he added. "I usually dont rebuttal things like this but when you try and deface someone i loves character thats crossing a line." View this post on Instagram Hey Taylor. First of all i would like to apologize for posting that hurtful instagram post, at the time i thought it was funny but looking back it was distasteful and insensitive.. I have to be honest though it was my caption and post that I screenshoted of scooter and Kanye that said taylor swift what up he didnt have anything to do with it and it wasnt even a part of the conversation in all actuality he was the person who told me not to joke like that.. Scooter has had your back since the days you graciously let me open up for you.! As the years have passed we havent crossed paths and gotten to communicate our differences, hurts or frustrations. So for you to take it to social media and get people to hate on scooter isnt fair. What were you trying to accomplish by posting that blog? seems to me like it was to get sympathy u also knew that in posting that your fans would go and bully scooter. Anyway, One thing i know is both scooter and i love you. I feel like the only way to resolve conflict is through communication. So banter back and fourth online i dont believe solves anything. Im sure Scooter and i would love to talk to you and resolve any conflict, pain or or any feelings that need to be addressed. Neither scooter or i have anything negative to say about you we truly want the best for you. I usually dont rebuttal things like this but when you try and deface someone i loves character thats crossing a line.. A post shared by Justin Bieber (@justinbieber) on Jun 30, 2019 at 2:54pm PDT See more on Swift down below. RELATED CONTENT: Celebs Take Sides After Taylor Swift Drops Scooter Braun Bombshell: Halsey, Justin Bieber and More Weigh In Justin Bieber Accuses Taylor Swift of 'Crossing a Line' in Apology Over Scooter Braun Drama Taylor Swift Accuses Scooter Braun of 'Bullying' Her After He Purchases Her Masters Related Articles: Hollywood Bikini Bods Over 40 Biggest Celebrity Breakups of 2019 -- So Far! 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