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UnitedHealth Group (UNH) Stock Sinks As Market Gains: What You Should Know UnitedHealth Group (UNH) closed the most recent trading day at $242.64, moving -0.56% from the previous trading session. This change lagged the S&P 500's 0.77% gain on the day. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 1.06%. Heading into today, shares of the largest U.S. health insurer had gained 0.21% over the past month, lagging the Medical sector's gain of 5.02% and the S&P 500's gain of 5.12% in that time. Wall Street will be looking for positivity from UNH as it approaches its next earnings report date. This is expected to be July 18, 2019. On that day, UNH is projected to report earnings of $3.47 per share, which would represent year-over-year growth of 10.51%. Meanwhile, our latest consensus estimate is calling for revenue of $60.67 billion, up 8.17% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $14.71 per share and revenue of $244.06 billion, which would represent changes of +14.21% and +7.87%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for UNH. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. UNH is holding a Zacks Rank of #3 (Hold) right now. Looking at its valuation, UNH is holding a Forward P/E ratio of 16.59. This represents a premium compared to its industry's average Forward P/E of 14.97. We can also see that UNH currently has a PEG ratio of 1.31. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Medical - HMOs stocks are, on average, holding a PEG ratio of 1.05 based on yesterday's closing prices. The Medical - HMOs industry is part of the Medical sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow UNH in the coming trading sessions, be sure to utilize Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportUnitedHealth Group Incorporated (UNH) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Ericsson (ERIC) Gains But Lags Market: What You Should Know Ericsson (ERIC) closed the most recent trading day at $9.53, moving +0.32% from the previous trading session. This change lagged the S&P 500's 0.77% gain on the day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Heading into today, shares of the telecommunications equipment provider had lost 1.86% over the past month, lagging the Computer and Technology sector's gain of 4.12% and the S&P 500's gain of 5.12% in that time. Wall Street will be looking for positivity from ERIC as it approaches its next earnings report date. This is expected to be July 17, 2019. On that day, ERIC is projected to report earnings of $0.08 per share, which would represent year-over-year growth of 900%. Meanwhile, our latest consensus estimate is calling for revenue of $5.75 billion, down 0.08% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.38 per share and revenue of $23.63 billion. These totals would mark changes of +1166.67% and -3.85%, respectively, from last year. Any recent changes to analyst estimates for ERIC should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ERIC is currently a Zacks Rank #3 (Hold). Investors should also note ERIC's current valuation metrics, including its Forward P/E ratio of 24.84. Its industry sports an average Forward P/E of 24.03, so we one might conclude that ERIC is trading at a premium comparatively. The Wireless Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportEricsson (ERIC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Walt Disney (DIS) Outpaces Stock Market Gains: What You Should Know In the latest trading session, Walt Disney (DIS) closed at $141.65, marking a +1.44% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.77%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Coming into today, shares of the entertainment company had gained 5.63% in the past month. In that same time, the Consumer Discretionary sector gained 3.84%, while the S&P 500 gained 5.12%. Wall Street will be looking for positivity from DIS as it approaches its next earnings report date. In that report, analysts expect DIS to post earnings of $1.76 per share. This would mark a year-over-year decline of 5.88%. Meanwhile, our latest consensus estimate is calling for revenue of $21.68 billion, up 42.35% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $6.63 per share and revenue of $71.61 billion, which would represent changes of -6.36% and +20.49%, respectively, from the prior year. Any recent changes to analyst estimates for DIS should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.24% lower within the past month. DIS is holding a Zacks Rank of #3 (Hold) right now. Looking at its valuation, DIS is holding a Forward P/E ratio of 21.05. This valuation marks a premium compared to its industry's average Forward P/E of 14.49. It is also worth noting that DIS currently has a PEG ratio of 3.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DIS's industry had an average PEG ratio of 2.39 as of yesterday's close. The Media Conglomerates industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 234, which puts it in the bottom 9% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportThe Walt Disney Company (DIS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Cronos Group (CRON) Gains But Lags Market: What You Should Know Cronos Group (CRON) closed the most recent trading day at $16.02, moving +0.25% from the previous trading session. This change lagged the S&P 500's 0.77% gain on the day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Heading into today, shares of the cannabis company had gained 7.25% over the past month, outpacing the Finance sector's gain of 4.26% and the S&P 500's gain of 5.12% in that time. Wall Street will be looking for positivity from CRON as it approaches its next earnings report date. Our most recent consensus estimate is calling for quarterly revenue of $5.60 million, up 113.04% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $0.03 per share and revenue of $37.51 million, which would represent changes of +137.5% and +210.56%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for CRON. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 196.97% higher within the past month. CRON is currently a Zacks Rank #3 (Hold). In terms of valuation, CRON is currently trading at a Forward P/E ratio of 599.25. This represents a premium compared to its industry's average Forward P/E of 12.23. The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportCronos Group Inc. (CRON) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Amazon (AMZN) Outpaces Stock Market Gains: What You Should Know Amazon (AMZN) closed at $1,922.19 in the latest trading session, marking a +1.51% move from the prior day. This change outpaced the S&P 500's 0.77% gain on the day. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 1.06%. Coming into today, shares of the online retailer had gained 4.26% in the past month. In that same time, the Retail-Wholesale sector gained 6.01%, while the S&P 500 gained 5.12%. Wall Street will be looking for positivity from AMZN as it approaches its next earnings report date. In that report, analysts expect AMZN to post earnings of $5.28 per share. This would mark year-over-year growth of 4.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $62.51 billion, up 18.2% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $26.55 per share and revenue of $275.24 billion, which would represent changes of +31.83% and +18.19%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for AMZN. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AMZN is holding a Zacks Rank of #3 (Hold) right now. In terms of valuation, AMZN is currently trading at a Forward P/E ratio of 71.32. This represents a premium compared to its industry's average Forward P/E of 27.25. Meanwhile, AMZN's PEG ratio is currently 2.16. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AMZN's industry had an average PEG ratio of 1.79 as of yesterday's close. The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 33% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportAmazon.com, Inc. (AMZN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Bristol-Myers Squibb (BMY) Outpaces Stock Market Gains: What You Should Know Bristol-Myers Squibb (BMY) closed at $46.18 in the latest trading session, marking a +1.83% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.77%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Prior to today's trading, shares of the biopharmaceutical company had lost 1.16% over the past month. This has lagged the Medical sector's gain of 5.02% and the S&P 500's gain of 5.12% in that time. Investors will be hoping for strength from BMY as it approaches its next earnings release, which is expected to be July 25, 2019. In that report, analysts expect BMY to post earnings of $1.05 per share. This would mark year-over-year growth of 3.96%. Our most recent consensus estimate is calling for quarterly revenue of $5.98 billion, up 4.82% from the year-ago period. BMY's full-year Zacks Consensus Estimates are calling for earnings of $4.20 per share and revenue of $23.89 billion. These results would represent year-over-year changes of +5.53% and +5.88%, respectively. Investors should also note any recent changes to analyst estimates for BMY. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.49% higher. BMY currently has a Zacks Rank of #3 (Hold). Valuation is also important, so investors should note that BMY has a Forward P/E ratio of 10.8 right now. Its industry sports an average Forward P/E of 14.69, so we one might conclude that BMY is trading at a discount comparatively. Also, we should mention that BMY has a PEG ratio of 2.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Large Cap Pharmaceuticals industry currently had an average PEG ratio of 2.1 as of yesterday's close. The Large Cap Pharmaceuticals industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportBristol-Myers Squibb Company (BMY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Paypal (PYPL) Gains But Lags Market: What You Should Know Paypal (PYPL) closed at $115.03 in the latest trading session, marking a +0.5% move from the prior day. This change lagged the S&P 500's 0.77% gain on the day. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 1.06%. Coming into today, shares of the technology platform and digital payments company had gained 2.74% in the past month. In that same time, the Computer and Technology sector gained 4.12%, while the S&P 500 gained 5.12%. Wall Street will be looking for positivity from PYPL as it approaches its next earnings report date. In that report, analysts expect PYPL to post earnings of $0.69 per share. This would mark year-over-year growth of 18.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.33 billion, up 12.3% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $2.98 per share and revenue of $18 billion, which would represent changes of +23.14% and +16.51%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for PYPL. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PYPL is holding a Zacks Rank of #3 (Hold) right now. In terms of valuation, PYPL is currently trading at a Forward P/E ratio of 38.38. This represents a discount compared to its industry's average Forward P/E of 62.74. Meanwhile, PYPL's PEG ratio is currently 2.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PYPL's industry had an average PEG ratio of 2.77 as of yesterday's close. The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportPayPal Holdings, Inc. (PYPL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Canopy Growth Corporation (CGC) Gains But Lags Market: What You Should Know Canopy Growth Corporation (CGC) closed the most recent trading day at $40.59, moving +0.69% from the previous trading session. This move lagged the S&P 500's daily gain of 0.77%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Heading into today, shares of the company had lost 4.43% over the past month, lagging the Medical sector's gain of 5.02% and the S&P 500's gain of 5.12% in that time. Wall Street will be looking for positivity from CGC as it approaches its next earnings report date. The company is expected to report EPS of -$0.28, up 9.68% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $90.08 million, up 348.39% from the prior-year quarter. CGC's full-year Zacks Consensus Estimates are calling for earnings of -$0.81 per share and revenue of $527.74 million. These results would represent year-over-year changes of +49.06% and +207.68%, respectively. Investors might also notice recent changes to analyst estimates for CGC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 76.08% lower. CGC is currently a Zacks Rank #3 (Hold). The Medical - Products industry is part of the Medical sector. This group has a Zacks Industry Rank of 97, putting it in the top 38% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow CGC in the coming trading sessions, be sure to utilize Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportCanopy Growth Corporation (CGC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Verizon Communications (VZ) Stock Sinks As Market Gains: What You Should Know In the latest trading session, Verizon Communications (VZ) closed at $56.68, marking a -0.79% move from the previous day. This change lagged the S&P 500's 0.77% gain on the day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Heading into today, shares of the largest U.S. cellphone carrier had gained 0.53% over the past month, lagging the Computer and Technology sector's gain of 4.12% and the S&P 500's gain of 5.12% in that time. Investors will be hoping for strength from VZ as it approaches its next earnings release. The company is expected to report EPS of $1.20, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $32.41 billion, up 0.65% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.75 per share and revenue of $131.86 billion. These totals would mark changes of +0.85% and +0.76%, respectively, from last year. Investors might also notice recent changes to analyst estimates for VZ. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. VZ is holding a Zacks Rank of #2 (Buy) right now. Looking at its valuation, VZ is holding a Forward P/E ratio of 12.03. This represents a discount compared to its industry's average Forward P/E of 15.3. We can also see that VZ currently has a PEG ratio of 2.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Wireless National stocks are, on average, holding a PEG ratio of 2.09 based on yesterday's closing prices. The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 80, putting it in the top 32% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportVerizon Communications Inc. (VZ) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Microsoft (MSFT) Outpaces Stock Market Gains: What You Should Know In the latest trading session, Microsoft (MSFT) closed at $135.68, marking a +1.28% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 1.06%. Heading into today, shares of the software maker had gained 6.55% over the past month, outpacing the Computer and Technology sector's gain of 4.12% and the S&P 500's gain of 5.12% in that time. Wall Street will be looking for positivity from MSFT as it approaches its next earnings report date. The company is expected to report EPS of $1.21, up 7.08% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $32.73 billion, up 8.8% from the year-ago period. MSFT's full-year Zacks Consensus Estimates are calling for earnings of $4.58 per share and revenue of $124.85 billion. These results would represent year-over-year changes of +18.04% and +13.13%, respectively. It is also important to note the recent changes to analyst estimates for MSFT. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% higher. MSFT is currently a Zacks Rank #3 (Hold). Looking at its valuation, MSFT is holding a Forward P/E ratio of 29.22. This represents a discount compared to its industry's average Forward P/E of 29.91. Story continues We can also see that MSFT currently has a PEG ratio of 2.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Computer - Software industry currently had an average PEG ratio of 2.16 as of yesterday's close. The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
General Electric (GE) Outpaces Stock Market Gains: What You Should Know In the latest trading session, General Electric (GE) closed at $10.63, marking a +1.24% move from the previous day. This move outpaced the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 1.06%. Coming into today, shares of the industrial conglomerate had gained 10.88% in the past month. In that same time, the Conglomerates sector gained 6.29%, while the S&P 500 gained 5.12%. GE will be looking to display strength as it nears its next earnings release. In that report, analysts expect GE to post earnings of $0.12 per share. This would mark a year-over-year decline of 36.84%. Meanwhile, our latest consensus estimate is calling for revenue of $28.88 billion, down 4.07% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $0.61 per share and revenue of $118.47 billion, which would represent changes of -6.15% and -2.59%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for GE. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GE is holding a Zacks Rank of #2 (Buy) right now. Valuation is also important, so investors should note that GE has a Forward P/E ratio of 17.31 right now. For comparison, its industry has an average Forward P/E of 17, which means GE is trading at a premium to the group. We can also see that GE currently has a PEG ratio of 2.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GE's industry had an average PEG ratio of 1.86 as of yesterday's close. The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportGeneral Electric Company (GE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
CyberArk (CYBR) Stock Sinks As Market Gains: What You Should Know CyberArk (CYBR) closed the most recent trading day at $127.41, moving -0.34% from the previous trading session. This change lagged the S&P 500's daily gain of 0.77%. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 1.06%. Prior to today's trading, shares of the maker of software that detects attacks on privileged accounts had lost 3.28% over the past month. This has lagged the Computer and Technology sector's gain of 4.12% and the S&P 500's gain of 5.12% in that time. Investors will be hoping for strength from CYBR as it approaches its next earnings release. In that report, analysts expect CYBR to post earnings of $0.47 per share. This would mark year-over-year growth of 30.56%. Our most recent consensus estimate is calling for quarterly revenue of $97.21 million, up 25.09% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.14 per share and revenue of $417.83 million. These totals would mark changes of +3.88% and +21.75%, respectively, from last year. It is also important to note the recent changes to analyst estimates for CYBR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.97% higher. CYBR currently has a Zacks Rank of #3 (Hold). Digging into valuation, CYBR currently has a Forward P/E ratio of 59.66. For comparison, its industry has an average Forward P/E of 37.76, which means CYBR is trading at a premium to the group. Also, we should mention that CYBR has a PEG ratio of 3.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Security stocks are, on average, holding a PEG ratio of 2.28 based on yesterday's closing prices. The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 30, putting it in the top 12% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow CYBR in the coming trading sessions, be sure to utilize Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportCyberArk Software Ltd. (CYBR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Coca-Cola (KO) Outpaces Stock Market Gains: What You Should Know In the latest trading session, Coca-Cola (KO) closed at $51.60, marking a +1.34% move from the previous day. This move outpaced the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 1.06%. Prior to today's trading, shares of the world's largest beverage maker had gained 3.39% over the past month. This has outpaced the Consumer Staples sector's gain of 2.8% and lagged the S&P 500's gain of 5.12% in that time. KO will be looking to display strength as it nears its next earnings release, which is expected to be July 23, 2019. On that day, KO is projected to report earnings of $0.62 per share, which would represent year-over-year growth of 1.64%. Meanwhile, our latest consensus estimate is calling for revenue of $9.57 billion, up 7.18% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $2.09 per share and revenue of $34.97 billion, which would represent changes of +0.48% and +9.77%, respectively, from the prior year. Any recent changes to analyst estimates for KO should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.14% lower within the past month. KO is currently a Zacks Rank #3 (Hold). Digging into valuation, KO currently has a Forward P/E ratio of 24.32. Its industry sports an average Forward P/E of 23.77, so we one might conclude that KO is trading at a premium comparatively. Investors should also note that KO has a PEG ratio of 3.48 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Beverages - Soft drinks industry currently had an average PEG ratio of 2.17 as of yesterday's close. The Beverages - Soft drinks industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 16% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportCoca-Cola Company (The) (KO) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Citigroup (C) Outpaces Stock Market Gains: What You Should Know In the latest trading session, Citigroup (C) closed at $70.74, marking a +1.01% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 1.06%. Heading into today, shares of the U.S. bank had gained 10.09% over the past month, outpacing the Finance sector's gain of 4.26% and the S&P 500's gain of 5.12% in that time. C will be looking to display strength as it nears its next earnings release, which is expected to be July 15, 2019. In that report, analysts expect C to post earnings of $1.84 per share. This would mark year-over-year growth of 13.58%. Meanwhile, our latest consensus estimate is calling for revenue of $18.70 billion, up 1.24% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $7.58 per share and revenue of $74.08 billion, which would represent changes of +13.98% and +1.69%, respectively, from the prior year. Any recent changes to analyst estimates for C should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.23% lower within the past month. C is currently a Zacks Rank #3 (Hold). Looking at its valuation, C is holding a Forward P/E ratio of 9.23. For comparison, its industry has an average Forward P/E of 10.97, which means C is trading at a discount to the group. Story continues It is also worth noting that C currently has a PEG ratio of 0.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Banks - Major Regional was holding an average PEG ratio of 1.36 at yesterday's closing price. The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 42% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
Marathon Petroleum (MPC) Stock Sinks As Market Gains: What You Should Know In the latest trading session, Marathon Petroleum (MPC) closed at $55.12, marking a -1.36% move from the previous day. This change lagged the S&P 500's 0.77% gain on the day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Coming into today, shares of the refiner had gained 18.62% in the past month. In that same time, the Oils-Energy sector gained 4.22%, while the S&P 500 gained 5.12%. MPC will be looking to display strength as it nears its next earnings release. On that day, MPC is projected to report earnings of $1.62 per share, which would represent a year-over-year decline of 28.63%. Our most recent consensus estimate is calling for quarterly revenue of $30.93 billion, up 37.8% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.50 per share and revenue of $115.53 billion. These totals would mark changes of -33.63% and +18.97%, respectively, from last year. Investors might also notice recent changes to analyst estimates for MPC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.61% lower. MPC currently has a Zacks Rank of #3 (Hold). In terms of valuation, MPC is currently trading at a Forward P/E ratio of 12.41. This represents a discount compared to its industry's average Forward P/E of 14.62. Investors should also note that MPC has a PEG ratio of 1.44 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 1.73 based on yesterday's closing prices. The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 29% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportMarathon Petroleum Corporation (MPC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
General Motors (GM) Gains But Lags Market: What You Should Know In the latest trading session, General Motors (GM) closed at $38.75, marking a +0.57% move from the previous day. This move lagged the S&P 500's daily gain of 0.77%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Heading into today, shares of the automaker had gained 10.66% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 6.73% and the S&P 500's gain of 5.12% in that time. Investors will be hoping for strength from GM as it approaches its next earnings release, which is expected to be August 1, 2019. The company is expected to report EPS of $1.42, down 21.55% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $35.56 billion, down 3.28% from the prior-year quarter. GM's full-year Zacks Consensus Estimates are calling for earnings of $6.64 per share and revenue of $145.86 billion. These results would represent year-over-year changes of +1.53% and -0.81%, respectively. Any recent changes to analyst estimates for GM should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.43% lower. GM is currently sporting a Zacks Rank of #3 (Hold). Digging into valuation, GM currently has a Forward P/E ratio of 5.8. This represents a discount compared to its industry's average Forward P/E of 11.2. We can also see that GM currently has a PEG ratio of 0.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. GM's industry had an average PEG ratio of 1.27 as of yesterday's close. The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 81, putting it in the top 32% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportGeneral Motors Company (GM) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
IBM (IBM) Outpaces Stock Market Gains: What You Should Know In the latest trading session, IBM (IBM) closed at $139.88, marking a +1.44% move from the previous day. This change outpaced the S&P 500's 0.77% gain on the day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Heading into today, shares of the technology and consulting company had gained 6.43% over the past month, outpacing the Computer and Technology sector's gain of 4.12% and the S&P 500's gain of 5.12% in that time. Wall Street will be looking for positivity from IBM as it approaches its next earnings report date. In that report, analysts expect IBM to post earnings of $3.06 per share. This would mark a year-over-year decline of 0.65%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.11 billion, down 4.45% from the year-ago period. IBM's full-year Zacks Consensus Estimates are calling for earnings of $13.89 per share and revenue of $76.82 billion. These results would represent year-over-year changes of +0.58% and -3.49%, respectively. Any recent changes to analyst estimates for IBM should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. IBM currently has a Zacks Rank of #3 (Hold). Investors should also note IBM's current valuation metrics, including its Forward P/E ratio of 9.93. This valuation marks a discount compared to its industry's average Forward P/E of 11.18. Meanwhile, IBM's PEG ratio is currently 2.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Integrated Systems industry currently had an average PEG ratio of 2.51 as of yesterday's close. The Computer - Integrated Systems industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 16% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportInternational Business Machines Corporation (IBM) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Chevron (CVX) Gains But Lags Market: What You Should Know Chevron (CVX) closed at $124.84 in the latest trading session, marking a +0.32% move from the prior day. The stock lagged the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 1.06%. Prior to today's trading, shares of the oil company had gained 7.85% over the past month. This has outpaced the Oils-Energy sector's gain of 4.22% and the S&P 500's gain of 5.12% in that time. Investors will be hoping for strength from CVX as it approaches its next earnings release. In that report, analysts expect CVX to post earnings of $2.03 per share. This would mark year-over-year growth of 14.04%. Meanwhile, our latest consensus estimate is calling for revenue of $42.75 billion, up 1.22% from the prior-year quarter. CVX's full-year Zacks Consensus Estimates are calling for earnings of $7.68 per share and revenue of $160.19 billion. These results would represent year-over-year changes of -6.91% and -3.69%, respectively. Investors should also note any recent changes to analyst estimates for CVX. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.96% lower. CVX is holding a Zacks Rank of #3 (Hold) right now. Investors should also note CVX's current valuation metrics, including its Forward P/E ratio of 16.2. For comparison, its industry has an average Forward P/E of 11.93, which means CVX is trading at a premium to the group. Meanwhile, CVX's PEG ratio is currently 3.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.79 based on yesterday's closing prices. The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 8% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportChevron Corporation (CVX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Boot Barn (BOOT) Gains But Lags Market: What You Should Know In the latest trading session, Boot Barn (BOOT) closed at $35.86, marking a +0.62% move from the previous day. The stock lagged the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 1.06%. Coming into today, shares of the Western apparel and footwear retailer had gained 24.7% in the past month. In that same time, the Retail-Wholesale sector gained 6.01%, while the S&P 500 gained 5.12%. Wall Street will be looking for positivity from BOOT as it approaches its next earnings report date. On that day, BOOT is projected to report earnings of $0.21 per share, which would represent year-over-year growth of 40%. Meanwhile, our latest consensus estimate is calling for revenue of $179.56 million, up 10.85% from the prior-year quarter. BOOT's full-year Zacks Consensus Estimates are calling for earnings of $1.51 per share and revenue of $863.21 million. These results would represent year-over-year changes of +11.85% and +11.12%, respectively. Investors should also note any recent changes to analyst estimates for BOOT. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.74% higher within the past month. BOOT is currently a Zacks Rank #3 (Hold). Investors should also note BOOT's current valuation metrics, including its Forward P/E ratio of 23.56. Its industry sports an average Forward P/E of 11.93, so we one might conclude that BOOT is trading at a premium comparatively. Investors should also note that BOOT has a PEG ratio of 1.39 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.17 as of yesterday's close. The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportBoot Barn Holdings, Inc. (BOOT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Buckle (BKE) Outpaces Stock Market Gains: What You Should Know In the latest trading session, Buckle (BKE) closed at $17.54, marking a +1.33% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 1.06%. Coming into today, shares of the teen clothing retailer had gained 13.36% in the past month. In that same time, the Retail-Wholesale sector gained 6.01%, while the S&P 500 gained 5.12%. Wall Street will be looking for positivity from BKE as it approaches its next earnings report date. On that day, BKE is projected to report earnings of $0.30 per share, which would represent a year-over-year decline of 6.25%. Meanwhile, our latest consensus estimate is calling for revenue of $197.77 million, down 1.65% from the prior-year quarter. BKE's full-year Zacks Consensus Estimates are calling for earnings of $1.73 per share and revenue of $864.30 million. These results would represent year-over-year changes of -12.18% and -2.39%, respectively. Investors should also note any recent changes to analyst estimates for BKE. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.76% higher within the past month. BKE is currently a Zacks Rank #3 (Hold). Investors should also note BKE's current valuation metrics, including its Forward P/E ratio of 10.01. Its industry sports an average Forward P/E of 11.93, so we one might conclude that BKE is trading at a discount comparatively. The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 33% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportBuckle, Inc. (The) (BKE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Politician speaks out after Pride flag removed from museum The pride flag displayed at the Arizona Capitol building was swiftly removed. (Photo credit: Twitter) A politician is speaking out after a Pride flag was removed from being displayed on a balcony at the historic Arizona Capitol Museum building. Arizona Secretary of State, Katie Hobbs, decided to display the flag the morning of June 28 in honor of the 50th anniversary of the Stonewall Uprising and in celebration of Pride Month. However, it was soon taken down by the Arizona Legislative Council. The flag was reportedly removed by the council, which oversees that Capitol complex, because it was deemed a “non-conforming display,” Hobbs tells Yahoo Lifestyle. According to ABC15, the council saw it as a breach of rules because “events on Capitol grounds need to first be approved,” and events, by their definition include any “activity that involves the communication of expression of views or ideas, engaged in by one or more persons.” However, Hobbs didn’t think her choice to display the flag was breaking any rules. “My acting in putting up the flag was under the belief that the balcony was under the Capitol Museum,” Hobbs says. “This seems like a reasonable conclusion. The museum comes under my office, and I had permission from the museum director.” According to C. Murphy Herbert, director of communications for the Arizona Secretary of State, Hobbs is a “longtime ally of the LGBTQ community,” and the Capitol Museum is a facility under her direction. To commemorate the 50th Anniversary of the #Stonewall Uprising and #Pride Month we are showcasing the Pride Flag and the Transgender Pride Flag at the @azcapitolmuseum today. To our knowledge, this is the first time this has happened at the Arizona Capitol. 🌈🏳️‍🌈 pic.twitter.com/EVbBmPStgr — Secretary Katie Hobbs (@SecretaryHobbs) June 28, 2019 However, Hobbs says that just about 10 minutes after the flag was draped, her office got calls from Speaker Russell Bowers’s office, “saying a Republican member had seen the flag and was demanding answers about what it was for and how long it would be there.” Story continues However, in a statement provided to ABC15 , the Speaker’s office said that Bowers did not request the removal of the flag, but still respects the decision to take it down. “While the flag was not removed at Speaker Bowers' direction or request, he respects Legislative Council's obligation to enforce Capitol rules governing displays equally and uniformly. It is concerning that our state’s chief elections officer is disseminating partisan misinformation. Hopefully, this doesn't reflect how she intends to carry out her duties,” the statement reads. Hobbs tells Yahoo Lifestyle that Michael Braun, executive director of the legislative council said he “took it down on his own accord.” However, Hobbs says she thinks their argument that she “broke a rule” was just a way to “hide behind a reason to take down the display.” “I think he’s nitpicking the rules," Hobbs told ABC15, referring to Braun. "I don’t think this is about the rules. I think this is about somebody being offended and telling him to figure out a way to take it down.” In a tweet posted after the flag was taken down on June 28, Hobbs wrote: “We still have work to do.” UPDATE: Legislative Council, at the direction of the Senate President and House Speaker, removed the #Pride Flags from the @azcapitolmuseum . When I displayed the flags my goal was to highlight that Arizona is a state where all are welcome and respected. We still have work to do. pic.twitter.com/H07wLI8PKz — Secretary Katie Hobbs (@SecretaryHobbs) June 28, 2019 People immediately spoke out. One commented on the tweet about how there are other banners in the same place, which haven’t been contested. “I've seen banners hung in this space, advertising museum exhibits. Maybe it's time for an exhibit on Gay Pride in Arizona,” the person wrote. Another added that this is clear indication of how how much work is still needed on Arizona leadership. “But the flags still flew! And now we have a great story on the record highlighting yet again how absurd our AZ legislative leadership is,” one person commented. However, the Hobbs hasn’t lost hope. She tells Yahoo Lifestyle that she plans on having a conversation with Braun about the situation — stating that she found it offensive that they took the flag down without communicating with her and implied that she broke the rules. The Legislative Council and Speaker’s office could not immediately be reached for comment. Read more from Yahoo Lifestyle: • 'Powerful' video of college football team strutting in stilettos takes the internet by storm • CDC warns of fecal pool parasite — how you can stay safe • Mom praises passenger for his kindness toward son with autism traveling alone: 'There are still kind people in the world' Follow us on Instagram , Facebook , and Twitter for nonstop inspiration delivered fresh to your feed, every day.
June car sales — What to know in markets Tuesday Amid a week filled with crucial economic data, investors will get a pulse on the U.S. manufacturing and consumer on Tuesday when the June auto sales is released. According to data compiled by Bloomberg, total auto sales are expected to have fallen to a seasonally-adjusted rate of 17 million vehicles, down from the 17.3 million vehicles last month. Most of the biggest automakers are expected to release their quarterly results, with a few releasing monthly sales figures. “New light vehicle sales will likely slow to 16.3M units in June after a strong increase to 17.3M in May. The 17.3M pace in May appears unsustainable considering rising auto loan rates and relatively tight consumer auto loan lending standards,” Nomura predicted in a note on Friday. “In addition, the elevated influx of leased cars into used car markets suggests more consumers may seek out more affordable used cars as alternatives. Considering these market conditions, we expect new light vehicle sales to continue to moderate in 2019.” Analysts are expecting that the trend of strong truck sales and soft passenger-car sales will continue when June’s results are revealed. Meanwhile, no major corporate earnings are scheduled for Tuesday. — Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter:@heidi_chung. Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andreddit. • Read the latest financial and business news from Yahoo Finance More from Heidi: Taco Bell is testing plant-based proteins Chewy prices its IPO at $22 per share, raises just over $1 billion Amazon is on a hiring spree in China, exclusive data shows McDonald’s remains brand favorite among consumers: UBS survey
Trump Applauds New Jersey for Rejecting Tax Hike on Millionaires President Trump congratulated lawmakers in New Jersey for rejecting an effort by Democratic Gov. Phil Murphy to raise taxes on millionaires. “Congratulations to legislators in New Jersey for not passing taxes that would have driven large numbers of high end taxpayers out of the state,” TrumptweetedMonday. “Many were planning to leave, & will now be staying. New York & others should start changing their thought process on taxes, fast!” Gov. Murphy, a former Goldman Sachs partner who vowed to continue pushing for higher taxes on wealthy residents of his state,chargedthat Trump “is fighting for millionaires like himself” rather than the middle class. Later in the day, The president expanded the scope of his tweets to include his home state of New York, which he accused of harassing his businesses, his family and his now defunct foundation, which is currently under investigation. “It is very hard and expensive to live in New York,” Trumpwrote, complaining that the state’s attorney general is “harassing all of my New York businesses in search of anything at all they can find to make me look as bad as possible. So, on top of ridiculously high taxes, my children and companies are spending a fortune on lawyers. No wonder people and businesses are fleeing New York in record numbers!” Is tax flight a real issue?While the idea that high taxes spur migration toward lower-tax locales is something of an article of faith among anti-tax activists, and there have been some high-profile cases that seem to fit the bill – billionaire David Tepper leaving New Jersey for Florida serves as one notable example – the research on the issue is decidedly mixed. “Some academic research shows that high taxes are chasing the rich to lower-tax states, and anecdotes of tax-fleeing billionaires abound,”saidCNBC’s Robert Frank in 2016, soon after Tepper announced his move South. “But other studies say there is little evidence showing that the rich move solely for tax purposes. Millionaires and billionaires who move from the high-tax states in the Northeast to Florida, for instance, may be drawn by the sunshine, lifestyle and retirement culture, in addition to lower taxes.” More recently, conservative economists and major Trump supporters Arthur Laffer and Stephen Moore claimed that more than 800,000 people would be fleeing California and New York due to high taxes and the reduction of the state and local income tax deduction. Stanford economist Cristobal Young, who co-wrote one of the leading papers on tax flight,calledtheir claim “pure nonsense.” Like what you're reading? Sign up for ourfree newsletter.
The Best Grills and Smokers You Can Buy on Amazon The 4th of July is right around the corner and summer is in full swing, so it’s prime time for one of our favorite activities: grilling . It’s hard to choose one “best” grill as we like different styles for different reasons, so we’ve rounded up several options to fit every need and grilling style. Looking for an everyday workhorse? Get a classic Weber . Rather try your hand at becoming a serious BBQ master? Get your hands on a wood pellet grill and smoker . Our Senior Food Editor Mary-Frances Heck shared some of the best grilling equipment she’s used. Read on for some of our favorite grills you can buy, and what to make with them. Amazon Related: Expert-Approved Grilling Tools to Buy on Amazon Now The Classic Weber Kettle Grill Amazon An easy top pick for a charcoal grill, the classic Weber can do pretty much everything you’d really want a grill for, and more. Though propane grills are bigger and easy to ignite, the flavor that comes from those heated coals is frankly just better (try grilling pizza , you’ll thank us later). Not sure how to get the coals going quickly? A charcoal chimney ($17 at Amazon ) is the best method. Weber Original Kettle Premium Charcoal Grill, 22-Inch, $165 at amazon.com The Pit Barrel Amazon Step it up with a multi-function pit barrel , meant for doing it all. There’s a fire pit function, warming rack, regular barbecue pit, as well as a tall section for hanging cuts of meat of your choice and smoking them to perfection. It can also be dismantled to function as a portable grill for tailgates, the park or even the beach. EasyGO Big Bad Barrel Pit Charcoal Barbeque 5 in 1, $179 at amazon.com Related: 8 Tips for Grilling a la Plancha Weber Smoker Amazon The lid, bowl and center of this smoker are all porcelain enameled so they won’t rust or peel. There’s a temperature monitor so you can tailor the heat to your exact needs, and it comes in three sizes depending on how much capacity you need. (See: Pork Shoulder Recipes ) Weber Smokey Mountain Cooker 18 Inch, $329 at amazon.com The PK Grill Amazon Grill things hot and fast or low and slow with this versatile grill , complete with side table and 300 square inches of cooking space (yes, that’ll fit a Thanksgiving turkey ). The cast aluminum construction conducts heat faster than standard steel grills. The hundreds of five-star reviews say it all. (Try one of our 33 best burger recipes ) Story continues PK Original Outdoor Charcoal Portable Grill & Smoker Combination, $370 at amazon.com KUDU Open Fire Grill Amazon If you want the true taste of campfire cooking, the KUDU system is a great option. It has stainless steel grill grates, multi-level cooking surfaces, and can also function as a fire pit. If you want to get all your dinner elements done at once, this is the go-to grill. KUDU Grill Open Fire Outdoor BBQ Grilling System, $500 at amazon.com The Wood Pellet Grill Amazon If you need huge cooking capacity and want to smoke meat for a crowd (shall we say, 5 racks of ribs ?), this tool is all you need . Ditch the gas and charcoal and go purely wood-fired with precision temperature control. There’s also a warming drawer to keep everything ready to serve. Traeger Grills TFB57CLB Century 22 Pellet Grill and Smoker, $728 at amazon.com Kamado Grill Amazon The most fuel efficient and a master of high heat, the Kamado Joe is an investment for those serious about their grilling and smoking setup. If you’re a regular rib and meat smoker, this is the tool to buy. (Yes, Chrissy Teigen has one too ). Kamado Joe KJ23RHC Classic II Charcoal Grill, $1,200 at amazon.com
What Kind Of Shareholders Own Halcyon Agri Corporation Limited (SGX:5VJ)? 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 Halcyon Agri Corporation Limited (SGX:5VJ) 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. Companies that have been privatized tend to have low insider ownership. Halcyon Agri is a smaller company with a market capitalization of S$758m, so it may still be flying under the radar of many institutional investors. Our analysis of the ownership of the company, below, shows 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 5VJ. View our latest analysis for Halcyon Agri Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Halcyon Agri already has institutions on the share registry. Indeed, they own 5.1% of the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone, since institutions make bad investments sometimes, just like everyone does. 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 Halcyon Agri, (below). Of course, keep in mind that there are other factors to consider, too. Hedge funds don't have many shares in Halcyon Agri. As far I can tell there isn't analyst coverage of the company, so it is probably flying under the radar. 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. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. 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. We can see that insiders own shares in Halcyon Agri Corporation Limited. As individuals, the insiders collectively own S$33m worth of the S$758m company. This shows at least some alignment. You canclick here to see if those insiders have been buying or selling. The general public, with a 20% stake in the company, will not easily be ignored. 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. Private equity firms hold a 10% stake in 5VJ. This suggests they can be influential in key policy decisions. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public. We can see that Private Companies own 60%, of the shares on issue. 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. 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 like to dive deeperinto how a company has performed in the past. You can accessthisinteractive graphof past earnings, revenue and cash flow for free. If you would prefer check out another company -- one with potentially superior financials -- then do not miss thisfreelist of interesting companies, backed by strong financial data. 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.
EU leaders seek to break stalemate on top jobs * Third round of tortuous talks to decide top EU posts * Five jobs at stake in world's biggest economic bloc * Negotiations expose political divisions, grudges By Gabriela Baczynska BRUSSELS, July 2 (Reuters) - The divided European Union's 28 national leaders were to spend a third consecutive day on Tuesday arm-wrestling over who should hold the bloc's most prominent jobs until nearly 2025. Some leaders dozed off from exhaustion during talks overnight into Monday that ended with Italy and ex-communist eastern states blocking socialist Dutchman Frans Timmermans from running the EU's executive Commission. That is the marquee post among five at stake that will shape policies for the world's biggest economic bloc and its 500 million people from commerce to climate and migration. In the ever more fragmented bloc, leaders are trying to balance political affiliations, varying interests of different regions, and an acute gender gap in senior echelons. It is highly unusual for a summit to run into a third day, and this round is already the third attempt to decide the jobs. The inability to reach consensus bolsters criticism from anti-establishment nationalists and undermines the EU's image as it faces multiple external challenges including from the United States, Russia, Iran and China. Apart from the Commission, which monitors states' budgets and proposes new laws, other top jobs up for grabs later this year include the presidents of the European Parliament and the European Central Bank, as well as the top diplomat in Brussels. The fifth position is the head of the European Council, currently held by former Polish premier Donald Tusk, who is tasked with building compromises among members. EU leaders must seal a deal on Tuesday or risk being overtaken by the new European Parliament, which holds an inaugural session on Wednesday after a continent-wide election in May. It is due to pick its new president and could act independently barring agreement of the 28 national capitals. The new EU assembly must then also back any candidate to head the Commission nominated by national leaders. GRUDGES While Timmermans had enough support to succeed under EU rules, opposition from Italy, Hungary, Poland, the Czech Republic and Slovakia risked poisoning future decision-making. The eastern nationalist governments have a grudge against him for leading criticism of them for curbing the independence of judges, media, academics and non-governmental groups. Italy faces imminent action from the Commission - where Timmermans is a deputy head - over its high debt. . The socialist candidate was also opposed by the centre-right national leaders who stake a claim to the prominent Commission role after their parties - under an umbrella group called the European People's Party (EPP) - came in first, albeit weakened, in the May parliamentary vote. Leaders emerged frustrated on Monday from the all-night talks, with French President Emmanuel Macron dubbing them a failure and saying there could be no further EU enlargement without reforms to enable smoother functioning. His initial deal with Angela Merkel to endorse Timmermans collapsed as the weakened German chancellor failed to deliver her fellow centre-right peers. Slovak Prime Minister Peter Pellegrini, however, hit a more optimistic note for the renewal of talks at 0900 GMT, seeing the possibility of compromise. "It seems that all parties understood that what is needed is to come up with a new set of possible nominations, new set of combinations," he said. "I think that given how we departed today and what views and opinions the parties have, it seems that we could be successful tomorrow." (Reporting by Gabriela Baczynska; Editing by Andrew Cawthorne)
BioMD+ Announces July 4th Sale in Honor of America's Disabled Veterans New Study Documents Positive Results Using CBD as PTSD Treatment ATLANTA, GA / ACCESSWIRE / July 1, 2019 /Respected CBD maker BioMD+ has announced a massive sale on all products in celebration of the upcoming July 4thholiday. During the sale, customers will enjoy a 50 percent discount on all products. Page URL:https://biomdplus.com/what-is-cbd/ Anew studypublished in the Journal of Alternative and Complementary Medicine suggests that CBD could hold great potential as an additional treatment option for patients suffering from post-traumatic stress disorder. In the study, the mental health clinic Wholeness Center administered CBD to 11 PTSD patients over an eight-week trial period. The patients received open doses of CBD while maintaining their existing psychiatric treatments. Using the PCL-5 scale for measuring anxiety levels, the clinic concluded that CBD appeared to reduce anxiety in 10 out of 11 patients. As exciting as the loud explosions of July 4thfireworks displays are for many, they can also symbolize the firefights and explosions of the past for many veterans suffering from PTSD. Some of the very people whose sacrifices the fireworks celebrate can derive little enjoyment from those celebrations because the loud explosions trigger extreme anxiety. Speaking about the upcoming July 4thholiday and recent study, BioMD+ founder Jonathan Levitt said, "If CBD can be a helpful treatment for veterans suffering from PTSD, then I believe wholeheartedly that CBD should be affordable for those veterans because we need to get this revolutionary product in the hands of the people who need it most. The 50-percent July 4 discount at BioMDPlus.com is my gift to America's veterans and to anyone else who wants to save money on CBD." BioMD+ is the top-rated brand at CBD review website Popular CBD Brands. In theirBioMD+review, the website's panel of experts said that they were "profoundly impressed by the company's commitment to excellence at every step." BioMD+ offers a 30-day money-back satisfaction guarantee on all products. About BioMDPlus, Ltd:BioMD+is the manufacturer of the world's top CBD oil tinctures. Supervising the production process from seed to bottle, BioMD+ believes that the world's best CBD oil can only come from the world's best hemp. The company's seed stock produces a plant that's exceptionally rich in phytocannabinoids and terpenes. The company further enhances its products with proprietary terpene blends designed to support specific health needs and goals. https://www.youtube.com/watch?time_continue=7&v=xPbEkR63iIg CONTACT: Jonathan Levitthttps://biomdplus.com/BioMDPlus, Ltd.Atlanta, GA(470) 433-3362support@biomdplus.com SOURCE:Strategic Data Sciences View source version on accesswire.com:https://www.accesswire.com/550576/BioMD-Announces-July-4th-Sale-in-Honor-of-Americas-Disabled-Veterans
Crypto News: Twitch Enables Bitcoin Payments, Goldman Sachs Might Launch a Digital Token Nearly every day, news breaks about another major corporation taking steps toward adopting cryptocurrency. Here's a quick summary of some notable recent developments in this regard. Twitch to allow crypto-based payments Twitch is once again accepting Bitcoin as a form of payment, according to Blockonomi . The video-game streaming platform had previously allowed users to pay for subscriptions with the popular cryptocurrency, but that feature was removed earlier this year. Now, it seems, the ability to pay with Bitcoin has been reenabled -- at least in some of Twitch's markets. BitPay, a payments processor that converts cryptocurrency into fiat currency, is likely processing the Bitcoin payments, according to Blockonomi. So although Twitch is unlikely to be receiving actual Bitcoin, one of the most popular gaming platforms in the world enabling Bitcoin-based payments is another significant step toward mainstream crypto adoption. A digital representation of Bitcoin Streaming giant Twitch is allowing gamers to pay for their subscriptions with Bitcoin. Image source: Getty Images. It's also notable that Twitch is owned by Amazon.com (NASDAQ: AMZN) . Crypto enthusiasts have long viewed the possibility of Amazon accepting Bitcoin as a powerful potential catalyst toward the cryptoasset being recognized as a legitimate currency. And with other major companies, such as Facebook , moving aggressively into the crypto space, many industry watchers believe it's only a matter of time before the e-commerce juggernaut makes a crypto-related move of its own. Goldman could enter the crypto arena Goldman Sachs (NYSE: GS) CEO David Solomon believes the powerful investment bank could launch a cryptocurrency similar to JPMorgan Chase 's JPM Coin . During an interview with French financial news site Les Echos , Solomon said that Goldman could "absolutely" play a role in crypto's disruption of traditional financial systems. "We do extensive research on the concept of 'tokenization,' the potential of which we believe [in], and which designates the creation through the blockchain of a stable digital currency based on a basket of real currencies that can move money across borders and without friction," Solomon said. "This is the direction in which the payment system will go." Story continues Solomon went on to say that banks would need to evolve in order to adapt to these trends, as payment-flow-based services are likely to become less profitable. "There are many other reasons why banks must remain innovative. Otherwise they will disappear," Solomon said. More From The Motley Fool Crypto, Blockchain & Bitcoin Articles John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Facebook. The Motley Fool has a disclosure policy .
The It List: Stranger Things Season 3, Spider-Man: Far From Home, Seinfeld The It List is Yahoos weekly look at the best in pop culture, including movies, music, TV, streaming, games, books, podcasts and more. Here are our picks for July 1-7, including the best deals we could find for each. WATCH IT: Stranger Things (Season 3 premiere) In case you were concerned that the two-year layoff might knock Stranger Things out of its creative groove, Netflixs blockbuster series heads into its highly-anticipated third year with confident (and well-earned) swagger. Far from missing a beat, the entire Stranger Things crew from the cast to the creative team seem re-energized by their extended break. The first episode alone is packed wall-to-wall with moments that will make fans gasp, chuckle, cheer and, in the case of one terrific callback, cry. (The premiere also boasts some series-best music cues and surprise cameos by nostalgia-inducing 80s brands courtesy of the shows newest setting, the totally awesome Starcourt Mall.) Stranger Things creators, the Duffer Brothers, reap major emotional and comic dividends from the fact that the shows young stars are now firmly in their teenage years, and their alter egos wrestle with all that entails: first loves, broken hearts and parents who just don't understand. But dont worry, its not all relationship dramedy: As usual, strange things are afoot in Hawkins, with fresh threats emerging that are even more menacing than the Upside Down. Fair warning: You may want to cancel your Fourth of July plans, because once you start streaming Stranger Things , itll be tough to stop for anything including fireworks. Stranger Things premieres Thursday, July 4 on Netflix. WATCH IT: Spider-Man: Far From Home For as satisfying a climax as it was, Avengers: Endgame left us with plenty of questions . It was also easy to forget it wasn't technically the last chapter of the MCU's Phase 3. That would be Spider-Man: Far From Home , which answers a few questions about what life is like in a "post-blip" world, as Thanos's Snapture is now known. And the film has plenty of fun with returning the same-aged Peter Parker (Tom Holland) and friends to high school five years later before they're whisked off for a very eventful European vacation, where Spidey will battle the Elementals, among other foes. While the first half of the film feels slightly like a retread of Homecoming 's John Hughes-ian teen humor hijinks, be patient, because the third act is an absolute knockout. We can't say why, because it would spoil the fun, but know you're in for a ride including two of the best post-credit scenes Marvel has delivered yet. Story continues Get tickets for Spider-Man: Far From Home on Fandango . STREAM IT: Seinfeld (30th anniversary) Julia Louis-Dreyfus, Jerry Seinfeld and Jason Alexander on Seinfeld . (Photo: Sony Pictures) Now is the perfect time for a Summer of George... and, you know, Jerry, Elaine and Kramer! Thats because the very first episode of Jerry Seinfelds sitcom premiered on July 5, 1999, 30 years ago this week. The then-named Seinfeld Chronicles debuted with no Elaine and no Kramer (Michael Richardss character was named Kessler) only to evolve into one of the most iconic sitcoms of all time. While fans will get their fix with any episode, newbies out there might want to check out the classic Season 1 episode The Chinese Restaurant, which originally aired in May 1991, or just flip to one of the many reruns on cable at seemingly every hour. All nine seasons of Seinfeld are available to stream on Hulu . READ IT: What Do We Need Men For?: A Modest Proposal by E. Jean Carroll E. Jean Carroll at her home in Warwick, NY. Carroll claims that Donald Trump sexually assaulted her in a dressing room at a Manhattan department store in the mid-1990s. Trump denies knowing Carroll. (Photo: Eva Deitch for The Washington Post via Getty Images) Presumably you've heard of this book, written by E. Jean Carroll. Best-known for dispensing advice for decades in Elle magazine's "Ask E. Jean" column, the 75-year-old was also a writer on Saturday Night Live and is the founder of the dating app Tawkify. She came up with the idea for her book after realizing that the majority of questions she gets are related to problems women are having with men. So she road-tripped across the U.S., stopping in towns with female names (think: Tallulah, La.) to ask ladies what they need men for. Of course, her book also reveals her own horrible history with the male sex." Weeks before the book was released, it was revealed that Donald Trump was one of those men. She alleges in the book that the now-president sexually assaulted her in the mid-'90s in a fitting room of a fancy NYC department store. He denied her claim, saying she's "not my type" and insisting he had never met her before, though a photo of them meeting a decade earlier was later surfaced. Carroll also claimed in the book that disgraced former CBS honcho Les Moonves sexually assaulted her too in an elevator, after she interviewed him. He also denied her claims. What Do We Need Men For?: A Modest Proposal is available on Amazon . WATCH IT: Divorce (Season 3 premiere) Sarah Jessica Parker and Thomas Haden Church are back in the HBO comedy chronicling the sometimes sweet but mostly messy split between Frances and Robert. The last new episode debuted in March 2018, but dont let that discourage you from tuning in to the latest. This show has never been about the plot. Its success rests on its beloved stars and their characterss sidekicks, especially the always hilarious Molly Shannon. The third season of Divorce premieres Monday, July 1 at 10 p.m. on HBO. BUY IT: Stranger Things Mini Palace Arcade (Photo: Hasbro/Target) Mike, Dustin, Will and Lucas may have graduated from the arcade to the mall, but theres no reason why you still cant get your retro gaming fix. This miniature version of a vintage arcade quarter-eater boasts 80s classics like Pac-Man and Dig Dug . But the main attractions are the 16 Stranger Things -themed games, which range from puzzles to side-scrollers. One game reinvents Pipe Dream as a syrup-delivery system for Elevens Eggos, while another plays like Frogger for Demodogs. Get your game on, already. The Stranger Things Mini Palace Arcade is available for $29.99 on Target . HEAR IT: Jedward, Voice of a Rebel The X Factor U.K. s double divas of Dublin and onetime Sharknado stars rear their perfectly coiffed heads on their first album in seven years and theyre making up for lost time, because this one contains 22 tracks! Inspirational song titles include Respect Your Dreams, Freedom You Deserve, Heroes of the Future and Choose Your Own Adventure. Download on iTunes or Amazon . Yahoo Entertainment may receive a share from purchases made via links on this page.
How Should Investors Feel About China VAST Industrial Urban Development Company Limited's (HKG:6166) CEO Pay? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Jianjun Wang has been the CEO of China VAST Industrial Urban Development Company Limited (HKG:6166) since 2014. 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. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. The aim of all this is to consider the appropriateness of CEO pay levels. See our latest analysis for China VAST Industrial Urban Development According to our data, China VAST Industrial Urban Development Company Limited has a market capitalization of HK$5.4b, and pays its CEO total annual compensation worth CN¥950k. (This is based on the year to December 2018). That's just a smallish increase of 2.5% on last year. We think total compensation is more important but we note that the CEO salary is lower, at CN¥658k. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of CN¥2.7b to CN¥11b. The median total CEO compensation was CN¥3.1m. Most shareholders would consider it a positive that Jianjun Wang takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders. Though positive, it's important we delve into the performance of the actual business. You can see a visual representation of the CEO compensation at China VAST Industrial Urban Development, below. China VAST Industrial Urban Development Company Limited has increased its earnings per share (EPS) by an average of 33% a year, over the last three years (using a line of best fit). It achieved revenue growth of 36% over the last year. This shows that the company has improved itself over the last few years. Good news for shareholders. It's great to see that revenue growth is strong, too. These metrics suggest the business is growing strongly. Although we don't have analyst forecasts, you could get a better understanding of its growth by checking outthis more detailed historical graphof earnings, revenue and cash flow. With a total shareholder return of 24% over three years, China VAST Industrial Urban Development Company Limited shareholders would, in general, be reasonably content. But they probably don't want to see the CEO paid more than is normal for companies around the same size. China VAST Industrial Urban Development Company Limited is currently paying its CEO below what is normal for companies of its size. Considering the underlying business is growing earnings, this would suggest the pay is modest. While returns over the last few years haven't been top notch, there is nothing to suggest to us that Jianjun Wang is overcompensated. Few would complain about reasonable CEO remuneration when the business is growing earnings per share. But for me, it's even better if insiders are also buying shares with their own cold, hard, cash. Whatever your view on compensation, you might want tocheck if insiders are buying or selling China VAST Industrial Urban Development shares (free trial). Important note:China VAST Industrial Urban Development may not be the best stock to buy. You might find somethingbetterinthis list of interesting companies with high ROE and low debt. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
EU leaders choose France's Lagarde for ECB after marathon summit By Gabriela Baczynska, Robin Emmott and Francesco Guarascio BRUSSELS/STRASBOURG (Reuters) - European Union leaders agreed on Tuesday to name France's Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU's other top four jobs after marathon talks that have exposed deep divisions in the bloc. Three days of summit negotiations that at times looked close to collapse ended with a deal that now must be approved by the European Parliament and was immediately rejected by the socialist and green bloc in the assembly in Strasbourg. "Done!" said Luxembourg's Prime Minister Xavier Bettel, who was first to break the news on Twitter that leaders had finally clinched a deal. Leaders hope the decision to nominate two women, Lagarde and German Defence Minister Ursula von der Leyen, to the top of EU decision-making for the first time will send a positive message and repair damage wrought by such a fractious summit, diplomats said. The discord echoed a wider fracturing of the EU's political centre that was evident in May's European Parliament elections that delivered a more fragmented assembly in which no bloc won a majority and far-right and far-left groups performed strongly. Under the deal, von der Leyen, a close ally of German Chancellor Angela Merkel, will replace Jean-Claude Juncker as president of the European Commission, the EU's executive arm. "After all, Europe is a woman," Donald Tusk, the outgoing chair of EU summits, told reporters, referring to the ancient Greek mythical figure of Europa who gave her name to the continent. Lagarde, once France's first woman finance minister and since 2011 head of the International Monetary Fund (IMF), is a strong advocate of female empowerment, although she has no direct, active monetary policy experience. The biggest task for Lagarde, who had previously denied any interest in an EU job, will be to revive the euro zone economy. "Christine Lagarde will ... be a perfect president of the European Central Bank," Tusk said. "I am absolutely sure that she will be a very independent president ..." Von der Leyen, if approved, would run the powerful Commission, which supervises EU states' budgets, acts as the bloc's competition watchdog and conducts trade negotiations with outside countries. Her presidency would shape policy for the world's biggest trade bloc and its 500 million people. She once had a reputation as a flawless politician, but Brussels-born Von der Leyen has had a scandal-prone run as German defence minister, mainly over right-wing extremism in the armed forces, gaps in military readiness, and the awarding of arms contracts. DIVISIONS The deal followed a tortuous summit that had leaders nodding off and their police escorts slumped on chairs as groups of leaders huddled in search of an accord. With a weakened Merkel facing a rebellion by her centre-right European People's Party (EPP) early on in the summit, efforts to push through a deal pre-agreed with French President Emmanuel Macron met stiff resistance from Italy, Poland and others. They scuppered a plan to install former Dutch foreign minister Frans Timmermans as Commission president. It was a clear reminder of the risks the EU faces from populists who officials accuse of trying to weaken the bloc's democratic foundations as it struggles with Brexit and challenges posed by Russia, China, Iran and Donald Trump's United States. Timmermans, who led the Socialists' European Parliament election campaign in May and whose name Macron and Merkel had agreed on at a G20 summit in Japan last week, was the biggest casualty of some 30 hours of negotiations. In other decisions on Tuesday, Spain's acting foreign minister, Josep Borrell, a socialist, was nominated as the EU's new top diplomat in Brussels. Macron and Spanish Prime Minister Pedro Sanchez, who had pushed hard for Timmermans, also secured the election of Belgium's liberal caretaker prime minister, Charles Michel, to replace Tusk as chair of EU summits. In that role as European Council president, Michel will be have the job of building compromises between the 28 member states. Timmermans and Margrethe Vestager, the lead candidate for the liberals in May's parliament election, were put forward as deputies under von der Leyen in the next Commission, which takes office on November 1. ITALIAN LIKELY TO LEAD PARLIAMENT Von der Leyen, Timmermans and Vestager will all help lead the EU's policies over the next five years on everything from climate to migration to trade. The fifth prominent EU role up for grabs is the president of the European Parliament. Lawmakers are due to choose that person in Strasbourg on Wednesday. The socialists chose as their candidate Italian lawmaker David Sassoli, making him the strongest contender for the presidency of the parliament, as he also has the support of the centre-right grouping, the largest in the chamber, and the liberals. But the ballot will be secret and some groups' members could vote along national lines. A Bulgarian candidate for parliament president, Sergei Stanishev, was supported by EU leaders but eventually was rejected by most conservative and socialist lawmakers, against the will of deputies from eastern European countries. A smooth election of the EU parliament president is seen as useful to paving the way for the endorsement by the chamber of the new commission's president in a vote expected in the second half of July. (Reporting by Andreas Rinke, Peter Maushagen, Alexandra Regida, Jean-Baptiste Vey, Richard Lough, Gabriela Baczynska, Alissa de Carbonnel, Belen Carreno in Brussels, Jan Lopatka in Prague, Alan Charlish and Agnieszka Barteczko in Warsaw, Francesco Guarascio in Strasbourg; Editing by Kevin Liffey, Gareth Jones, Frances Kerry and Jonathan Oatis)
Should You Be Pleased About The CEO Pay At China VAST Industrial Urban Development Company Limited's (HKG:6166) Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! In 2014 Jianjun Wang was appointed CEO of China VAST Industrial Urban Development Company Limited (HKG:6166). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then we'll look at a snap shot of the business growth. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. The aim of all this is to consider the appropriateness of CEO pay levels. View our latest analysis for China VAST Industrial Urban Development Our data indicates that China VAST Industrial Urban Development Company Limited is worth HK$5.4b, and total annual CEO compensation is CN¥950k. (This number is for the twelve months until December 2018). That's a modest increase of 2.5% on the prior year year. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at CN¥658k. We examined companies with market caps from CN¥2.7b to CN¥11b, and discovered that the median CEO total compensation of that group was CN¥3.1m. A first glance this seems like a real positive for shareholders, since Jianjun Wang is paid less than the average total compensation paid by similar sized companies. However, before we heap on the praise, we should delve deeper to understand business performance. You can see, below, how CEO compensation at China VAST Industrial Urban Development has changed over time. China VAST Industrial Urban Development Company Limited has increased its earnings per share (EPS) by an average of 33% a year, over the last three years (using a line of best fit). It achieved revenue growth of 36% over the last year. This shows that the company has improved itself over the last few years. Good news for shareholders. The combination of strong revenue growth with medium-term earnings per share improvement certainly points to the kind of growth I like to see. Although we don't have analyst forecasts, you might want to assessthis data-rich visualizationof earnings, revenue and cash flow. China VAST Industrial Urban Development Company Limited has served shareholders reasonably well, with a total return of 24% over three years. But they probably don't want to see the CEO paid more than is normal for companies around the same size. It looks like China VAST Industrial Urban Development Company Limited pays its CEO less than similar sized companies. Considering the underlying business is growing earnings, this would suggest the pay is modest. While returns over the last few years haven't been top notch, there is nothing to suggest to us that Jianjun Wang is overcompensated. It's great to see a company that pays its CEO reasonably, even while growing. It would be an additional positive if insiders are buying shares. Shareholders may want tocheck for free if China VAST Industrial Urban Development 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.
Here's How Retirees Are Losing Out on $3.4 Trillion Millions of seniors rely onSocial Securityto provide a large chunk of their retirement income, which is why claiming benefits strategically is so important. Those benefits are based on your 35 highest-paid years of wages, but the age at which you file for them could cause that number to shift. If you file for Social Security at your precisefull retirement age, you'll collect the exact monthly benefit your earnings record entitles you to. That age is either 66, 67, or somewhere in between, depending on the year you were born. However, seniors are allowed to claim benefits as early as age 62, andmany go that routeto get their hands on their money sooner. In the process, however, those same folks slash their monthly benefits by 25% to 30%, depending on their full retirement age. IMAGE SOURCE: GETTY IMAGES. On the flip side, only 4% of retireesdelay benefitspast full retirement age and file at age 70. Waiting to file increases benefits by 8% a year up until age 70, at which point delayed retirement credits no longer accrue. As such, 70 is typically considered the latest age to claim Social Security. But because so few seniors file at 70, retirees are losing out on an enormous sum of money -- $3.4 trillion, according to a new report by United Income. That breaks down into about $111,000 per senior household, and it's a lot of money for retirees to be giving up, especially since many enter their golden years with little to no personal savings. If the idea of losing out on $111,000 in retirement income sounds preposterous to you, then there's a very simple solution: Delay claiming Social Security as long as you can, even if it means shifting some plans in the process. Not everyone can afford to delay Social Security benefits. If youlose your jobin your early to-mid-60s, for example, and don't have savings to tide yourself over while you look for another one, then you may have no choice but to file for benefits at an age that's considerably younger than 70. Similarly, if health problems (your own or a loved one's) force you to leave your job, you may have to claim benefits at that point, even if you're years away from 70. But if you're healthy enough to work and your employer is willing to keep you on board, then extending your career could enable you to hold off on filing for Social Security until age 70, thereby snagging the maximum boost in monthly benefits in the process. Of course, if you have a healthy level of savings, it may be possible to retire before age 70 but live off your nest egg for a few years and delay benefits in the process. Working part-time is also an option you can explore. The key, however, is to recognize the value of filing for benefits later in life -- or, to put it another way, to realize how much income you stand to lose out on by filing for benefits on the early side. Thereisone thing to keep in mind if you're inspired to file for benefits later rather than sooner: This advice only applies if your health is good and you're likely to live a reasonably long life. The reason? While delaying benefits might increase your Social Security income on amonthlybasis, your goal should really be to increase that income stream on alifetimebasis. And if you pass away at a relatively young age, delaying benefits could cause you to lose out on lifetime income. Imagine you're entitled to a monthly benefit of $2,000 at a full retirement age of 67. If you delay benefits until age 70, you'll increase each payment you collect to $2,480, but you'll collect 36 fewer payments. If you live until age 82 1/2, you'll break even with $372,000 in lifetime income regardless of whether you file at 67 versus 70. But if you pass away at age 76, which is relatively young given today's life expectancies, you'll wind up with more than $37,000lessin Social Security income by virtue of waiting until age 70 to file. Therefore, be honest about the state of your health, because if it isn't good, you should think twice before delaying benefits. Otherwise, understand just how much money you stand to gain by waiting. 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.
Fox News Hosts Admit They’d Attack Obama for Meeting With Kim Jong Un Fox News In a rare moment, several Fox News partisan talking heads offered a glimpse of self-awareness on Monday afternoon, admitting they would attack a Democratic president for doing some of things they praise President Trump for doing. Reacting to Trump’s photo op with North Korean dictator Kim Jong Un in which the leader of the free world set foot in the Hermit Kingdom, the hosts of Fox’s late afternoon gabfest The Five predictably heaped praise on the president—but then readily admitted they would attack a Democrat for doing the same meeting. Leading off Monday’s broadcast by applauding the president for his third summit with the North Korean dictator, co-host Jesse Watters claimed that “historians will acknowledge this was very powerful.” After former White House Press Secretary Dana Perino called it a “symbolic moment” that also got people to stop talking about the Democratic debates, fellow co-host Greg Gutfeld then pulled the curtain back a little. “Of course they are going to attack him,” he declared. “That’s what you would do.” Gutfeld added: “And let’s be honest, if it were the adversary—an adversary from your party on the other side, we would do the same thing.” “How dare Obama meet with him without preconditions?” Watters mockingly chimed in, perhaps unwittingly referencing Fox’s loudest voices’— including Watters’ own —propensity for attacking Obama over his foreign-policy optics. “Exactly,” Gutfeld agreed. Throughout the rest of the segment, the panel would continue to laugh over how quickly they’d turn the tables on a Democratic president, with Perino stating that “Whoever you support, you trust that person” after Gutfeld joked that “You could not trust Obama.” Read more at The Daily Beast. Got a tip? Send it to The Daily Beast here Get our top stories in your inbox every day. Sign up now! Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
Arch Capital Up 39% Year to Date: What's Aiding the Stock? Arch Capital Group Ltd.’s ACGL shares have surged 38.8% year to date, outperforming the industry's rise of 7.1% and the Zacks S&P 500 composite’s increase of 16%. With market capitalization of $14.9 billion, average volume of shares traded in the last three months was 1.2 million. In fact, shares of the company hit a new 52-week high of $37.24 in the last trading session. What’s Behind the Upside?Arch Capital’s return on equity is 10.2%, better than the industry average of 7.1%. This reflects the company’s prudent usage of its shareholders’ funds.Arch Capital delivered positive earnings surprise in the last six quarters, reflecting operational excellence.A diversified product and service portfolio helps this insurer generate sustained premium growth. A strong inorganic portfolio helps it expand internationally, add capabilities, enhance operations and diversify business.The company remains focused on expansion of U.S. Mortgage Insurance business. Arch Capital broadened its customer base to include national and regional banks and mortgage originators alongside maintaining and increasing its share of the mortgage insurance credit union market. The expansion of the mortgage insurance business also complements its strength in the specialty insurance and reinsurance businesses, which continue to be crucial to its global operations.Arch Capital has a strong capital position, which shields it from market volatility and enables it to pursue new opportunities in keeping with its long-term strategy. The company has $161 million remaining under its share repurchase authorization.Arch Capital has a favorable VGM Score of B. This style score analyzes the growth prospects of a company. This style score helps identify stocks with the most attractive value, best growth, and most promising momentum. Back-tested results show that VGM Score of A or B combined with Zacks Rank #1 (Strong Buy) and #2 (Buy) offers best investment opportunity.Arch Capital sports a Zacks Rank #1 (Strong Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for 2019 and 2020 has been revised up by 1.5% and 1.8% in the past seven days, respectively. The long-term expected earnings growth rate is 10%.Other Stocks to ConsiderSome other top-ranked property and casualty insurance stocks are Alleghany Corp. Y, Argo Group International Holdings, Ltd. ARGO and RLI Corp. RLI. Each of these stocks sports a Zacks Rank#1.Alleghany provides property and casualty reinsurance and insurance products in the United States and internationally. The company delivered positive surprise of 32.51% in the last reported quarter.Argo Group underwrites specialty insurance and reinsurance products in the property and casualty markets. The company delivered positive surprise of 34.09% in the last reported quarter.RLI underwrites property and casualty insurance in the United States and internationally. The company delivered positive surprise of 20.34% in the last reported quarter.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportArch Capital Group Ltd. (ACGL) : Free Stock Analysis ReportRLI Corp. (RLI) : Free Stock Analysis ReportAlleghany Corporation (Y) : Free Stock Analysis ReportArgo Group International Holdings, Ltd. (ARGO) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Google to Boost Cloud Security Initiatives with Chronicle Alphabet’s GOOGL division Google is firing on all cylinders to expand presence in the cloud market further on the back of its strengthening security offerings.The company’s recent announcement about the absorption of Chronicle by Google Cloud is a testament to the aforesaid statement.Chronicle, which was founded in Alphabet’s X moonshot factory, is an enterprise security company. It is likely to bolster Google Cloud’s security portfolio and integration is expected to commence soon with expected completion by fall this year.This in turn will enhance Google’s integrated offerings to cloud customers who demand for robust security solutions due to increasing cyber attacks and threats. Further, this integration will aid Google Cloud momentum across enterprise customers.Cloud Security Space Holds PromiseWith Chronicle, Google Cloud aims at providing workload transparency to customers.Notably, the company will be able to aid customers in rapidly detecting and mitigating the threats across cloud deployments and entire enterprise with the addition of Chronicle’s Backstory investigation flows to its security portfolio which will strengthen detection, incident management and remediation capabilities.Further, the company’s threat data informing offerings will get enhanced with Chronicle’s VirusTotal malware intelligence services. Further, these services will support applications running on Google Cloud platform.All these are likely to aid Google in gaining traction in the cloud security space which is exposed to threats like insecure application programming interfaces (API), data breaches and data loss.As per a report from Grand View Research, the global cloud security market is expected to hit $12.63 billion by 2024 at a CAGR of 13.9%.Further, a Gartner report suggests that worldwide spending on security products and services is expected to surge 8.7% year over year to $124 billion in 2019. Out of this, cloud security spending stands at $459 million, while spending on infrastructure protection and integrated risk management is pegged at $15.3 billion and $4.7 billion, respectively.Chronicle makes Google well-poised to reap benefits from the above-mentioned growth prospects. Alphabet Inc. Revenue (TTM) Alphabet Inc. revenue-ttm \| Alphabet Inc. Quote Growing Competition However, potential opportunities in the booming cloud security market and increasing security spending are lucrative.Apart from Google, companies like Microsoft MSFT, Amazon AMZN and Oracle ORCL have also realized the burgeoning need for cloud security services, consequently intensifying competition.Amazon Web Services (AWS) offers a security platform based on data center and network architecture that enables customers to scale and innovate in a secure cloud environment. The platform offers mitigation of distributed denial-of-service (DDoS) attack, customer-controlled encryption and, identity and access management, to name a few.Further, Microsoft’s Azure security platform offers multi-layered, built-in security controls and unique threat intelligence to detect threats early and counter rapidly evolving threats.Additionally, Oracle’s cloud platform also offers Cloud Access Security Broker (CASB) service that offers visibility into the entire cloud stack and the security automation tool. The platform also provides many other services like security monitoring and analytics, and configuration and compliance, to name a few.Nevertheless, Google’s strong focus toward offering defense-in-depth at scale across hardware infrastructure, service deployment, user identity, data storage, internet communication and security operations remain major positive. Further, integration of Chronicle’s products and engineering team is likely to strengthen its cloud market position.Currently, Alphabet carries a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportAmazon.com, Inc. (AMZN) : Free Stock Analysis ReportAlphabet Inc. (GOOGL) : Free Stock Analysis ReportMicrosoft Corporation (MSFT) : Free Stock Analysis ReportOracle Corporation (ORCL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Montana governor, 2020 hopeful open to Keystone XL pipeline HELENA, Mont. (AP) — Montana Gov. Steve Bullock said Monday during an online meeting about climate change that he's open to supporting the Keystone XL pipeline "if it's done right," a departure from other Democratic presidential candidates who condemn the proposed oil line from Canada as an environmental threat. Bullock heldthe town hall-style discussion on Facebookto engage young people on climate change andto announcehe is forming a panel to make recommendations on how to reduce emissions in Montana and prepare the state for the effects of climate change. Bullock also said Montana would become the 25th state to join the U.S. Climate Alliance, a group created in response to President Donald Trump's withdrawal from the 2015 Paris agreement on climate change. But the governor didn't appear to be prepared for the pipeline question that came from Avery Old Coyote, a Crow tribal member who was one of the young people he invited to sit next to him during the broadcast. Bullock initially said it was important to consult with Native American tribes whose land the pipeline would pass through and noted that the oil from the Alberta tar sands being hauled over land now is at risk of spills. But Old Coyote pressed him for an answer, prompting Bullock to decry how the Trump administration has gone about approving the pipeline but leaving himself open to the project itself. "I've said from the beginning that — look — if it's done right, we can't take it off the table," Bullock said. Bullock has expressed outright support for the pipeline in the past. His more measured comments Monday underscore the tension of being governor of an energy-producing state while trying to gain traction as one of nearly two dozen Democratic presidential candidates. Most Democratic candidates opposethe proposed pipelinefrom Canada, citing its potential to add to greenhouse gas emissions. An exception is U.S. Sen. Michael Bennet of Colorado. Less than a month after he was sworn in as governor in 2013, Bullock wrote to then-President Barack Obama saying he strongly supported the pipeline project. He wrote that it would create jobs and help domestic energy security, but he said the president should ensure the pipeline does not harm agriculture, wildlife and water resources. Bullock made similar statements of support in 2014 and 2015. After Monday's online discussion, Old Coyote, a student entering a Syracuse University doctoral program, said he was "very disappointed" by Bullock's inability to denounce the Keystone XL pipeline. He said Bullock may have been talking as Montana's governor but that he had Bullock's presidential candidacy in mind when he asked the question. "I don't want to say I can't support him, but it's going to make it harder," Old Coyote said. The 1,184-mile (1,900 kilometer) pipeline would begin in Alberta and run through Montana and other states before tying into existing infrastructure in Nebraska. The $8 billion project has been tied up for years, most recently by legal challenges from environmental advocacy groups that say the Trump administration did not consider potential oil spills and other environmental effects when it issued a 2017 permit. Earlier this year, Trump tried to invalidate that lawsuit by issuing a new permit for the pipeline and revoking the challenged permit, leading to new lawsuits.
Roche's Tecentriq Gets CHMP Recommendation for Breast Cancer RocheRHHBY announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has recommended the approval of immuno-oncology drug, Tecentriq, for yet another indication. The CHMP recommended approval of Tecentriq in combination with Celgene Corporation’s CELG Abraxane for the treatment of adult patients with unresectable, locally advanced or metastatic triple-negative breast cancer (TNBC), whose tumours have PD-L1 expression (≥ 1%) and who have not received prior chemotherapy for metastatic disease. The recommendation is based on data from the phase III IMpassion130 study, wherein Tecentriq plus nab-paclitaxel significantly reduced the risk of disease worsening or death by 38% compared with nab-paclitaxel alone in patients who tested positive for PD-L1 expression on tumour-infiltrating immune cells (IC). The study will continue until the next planned analysis. The European Commission generally takes the CHMP recommendation in consideration but is not bound by it. A decision from the commission is expected soon. Roche has a strong presence in the oncology market. In particular, the company dominates the breast cancer space with strong demand for its HER2 franchise drugs. The HER2 franchise includes Herceptin, Perjeta and Kadcyla. Growth in Herceptin is being driven by increasing demand in the United States and Europe. A potential approval of Tecentriq for this indication will further boost the company’s franchise. In March 2019, the FDA approved the drug for the same indication. We remind investors that Tecentriq is approved in the United States, EU and/or countries, either alone or in combination with targeted therapies and/or chemotherapies in various forms of non-small cell and small cell lung cancer, certain types of metastatic urothelial cancer, and PD-L1-positive triple-negative breast cancer. Tecentriq sales came in at CHF336 million in the first quarter of 2019, up 135% from the year-ago quarter. Label expansion of the drug for other indications should further boost sales. Currently, Roche has seven ongoing phase III studies evaluating the drug in TNBC, including early and advanced stages of the disease. Roche’s stock has gained 14% in the past six months compared with the industry’s growth of 3.2%. Approval of new drugs and label expansion of existing drugs bode well for the company and should offset the adverse impact of biosimilar competition for some of its key drugs such as Avastin, Rituxan and Herceptin from the likes of Novartis NVS and Amgen AMGN. Zacks Rank Roche currently carries a Zacks Rank #4 (Sell). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportNovartis AG (NVS) : Free Stock Analysis ReportRoche Holding AG (RHHBY) : Free Stock Analysis ReportAmgen Inc. (AMGN) : Free Stock Analysis ReportCelgene Corporation (CELG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Shareholders Should Look Hard At Golden Agri-Resources Ltd’s (SGX:E5H) 2.1% Return On Capital 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 Golden Agri-Resources Ltd (SGX:E5H) to determine whether it could have potential as an investment idea. 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 of all, we'll work out how to calculate ROCE. Second, we'll look at its ROCE compared to similar companies. Finally, we'll look at how its current liabilities affect its ROCE. ROCE measures the 'return' (pre-tax profit) a company generates from 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 Golden Agri-Resources: 0.021 = US$125m ÷ (US$8.6b - US$2.7b) (Based on the trailing twelve months to March 2019.) So,Golden Agri-Resources has an ROCE of 2.1%. View our latest analysis for Golden Agri-Resources When making comparisons between similar businesses, investors may find ROCE useful. Using our data, Golden Agri-Resources's ROCE appears to be significantly below the 6.7% average in the Food industry. This could be seen as a negative, as it suggests some competitors may be employing their capital more efficiently. Independently of how Golden Agri-Resources compares to its industry, its ROCE in absolute terms is low; especially compared to the ~2.3% available in government bonds. It is likely that there are more attractive prospects out there. You can click on the image below to see (in greater detail) how Golden Agri-Resources's past growth compares to other companies. It is important to remember that ROCE shows past performance, and is not necessarily predictive. ROCE can be misleading for companies in cyclical industries, with returns looking impressive during the boom times, but very weak during the busts. This is because ROCE only looks at one year, instead of considering returns across a whole cycle. What happens in the future is pretty important for investors, so we have prepared afreereport on analyst forecasts for Golden Agri-Resources. Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they 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 check the impact of this, we calculate if a company has high current liabilities relative to its total assets. Golden Agri-Resources has total liabilities of US$2.7b and total assets of US$8.6b. As a result, its current liabilities are equal to approximately 32% of its total assets. In light of sufficient current liabilities to noticeably boost the ROCE, Golden Agri-Resources's ROCE is concerning. There are likely 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. 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.
China is 'cleaning our clock right now, and we have no plan': Democratic presidential candidate A trade truce between the U.S. and China sent the S&P 500 ( ^GSPC ) to a record high Monday, but as investors rejoiced, one Democratic presidential candidate questioned President Donald Trumps long-term plan. What's the larger strategy that's going to help us with our relationship with China? What are we doing to help us compete with China? And the answer is nothing, Ohio Congressman Tim Ryan told Yahoo Finances On the Move , adding that tariffs is just a tactical move and has not been a part of an overall strategy thats going to help us with our relationship with and compete with China. Trump took to Twitter over the weekend to boast about his meeting with Chinese President Xi Jinping and the the trade truce: I had a great meeting with President Xi of China yesterday, far better than expected. I agreed not to increase the already existing Tariffs that we charge China while we continue to negotiate. China has agreed that, during the negotiation, they will begin purchasing large..... Donald J. Trump (@realDonaldTrump) June 29, 2019 ....amounts of agricultural product from our great Farmers. At the request of our High Tech companies, and President Xi, I agreed to allow Chinese company Huawei to buy product from them which will not impact our National Security. Importantly, we have opened up negotiations... Donald J. Trump (@realDonaldTrump) June 29, 2019 ....again with China as our relationship with them continues to be a very good one. The quality of the transaction is far more important to me than speed. I am in no hurry, but things look very good! There will be no reduction in the Tariffs currently being charged to China. Donald J. Trump (@realDonaldTrump) June 29, 2019 Despite the trade truce, both the U.S. and China made no plans to reduce the current tariffs on one anothers goods. Now with the president back in Washington, Ryan questioned the tit-for-tat moves. Story continues The tariffs are on, the tariffs are off, the tariffs are on, the tariffs are off. He's backing off on Huawei, which I think is a real national security issue. What's the plan for us to win the 5G battle? What's the plan for us to win the 6G battle? said Ryan. Shares of big name chipmakers, including Micron ( MU ) and Qualcomm ( QCOM ), jumped Monday after Trump said the U.S. plans to lift the ban on Huawei, allowing U.S. companies to do business with the Chinese telecom giant. U.S. President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY Ryan, who warned that the U.S. is behind China, said the government has a responsibility to work with the private sector in education, research and infrastructure so the U.S can dominate these industries. What's the plan for us to dominate the electric vehicle market, which China dominates about 40% to 50% now? What's the plan for us to dominate the solar panel market, which China dominates about 60% now? said Ryan. They're cleaning our clock right now, and we have no plan. Hes so distracted. And I think he's more concerned about getting on TV and dominating the news cycle than he is having a long-term plan, he said. And to me that's the biggest issue in facing the country right now is that China has a 10-year plan, a 30-year plan, a 50-year plan, a 100-year plan, and our president is operating in a 24-hour news cycle. Kenneth Underwood is a senior producer for Yahoo Finance. Follow him on Twitter @TheKennyU . Read the latest financial and business news from Yahoo Finance Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , SmartNews , LinkedIn , YouTube , and reddit .
New Study Suggests CBD Helps Treat Post-Traumatic Stress Disorder Fireworks Explosions Trigger Anxiety for Many Veterans ATLANTA, GA / ACCESSWIRE / July 1, 2019 /Popular CBD Brands, a well-known CBD reviewer and consumer advocate, has updated its list of CBD sales and coupon codes in honor of America's biggest holiday. Page URL:https://popularcbdbrands.com/cbd-coupon-codes/ In April 2019, theJournal of Alternative and Complementary Medicinepublished the results of the first human study on the potential benefits of CBD as a treatment for post-traumatic stress disorder. In the study, 11 patients with PTSD were given CBD as an adjunct to their existing treatments and monitored by a psychiatrist over a period of eight weeks. Of the 11 patients, 10 reported measurable decreases in their PTSD symptoms by the end of the study period. Although further research is required, the study suggests a strong potential for CBD as a complementary treatment for one of the most notoriously untreatable psychiatric disorders. For millions of people across the United States, the fourth of July is a joyous celebration of our nation's war for independence and a reminder of the sacrifices made by countless military heroes over the centuries to retain that independence. For many veterans, though, the loud explosions on July 4 can cause extreme anxiety by triggering memories of past conflicts. The recent study suggests that CBD may reduce anxiety for some without disrupting the effectiveness of existing psychiatric treatments. Discussing reports that July 4 fireworks trigger PTSD symptoms for some veterans, Popular CBD Brands owner Tim McComsey said, "It breaks my heart that some of our nation's most important heroes can't fully share in the joy of the Independence Day fireworks celebrations. I hope that this recent study signals a turning point in the way we treat this silent and debilitating disease." Popular CBD Brands has published an updated list ofCBD salesfor July 4th. The list includes discounts from standout CBD brands such as BioMD+ (50 percent discount on all products), MintedLeaf (25 percent discount) and Reef CBD (25 percent discount). About Popular CBD Brands:Popular CBD Brandsis the Internet's top resource for CBD consumers. The site maintains an up-to-date list of the best CBD coupon codes and sales and publishes comprehensive reviews of the world's best CBD products and makers. The site also features an extensive library of informational content that helps people catch up with the latest medical studies about CBD. Contact:Tim McComseyhttps://popularcbdbrands.com/Popular CBD BrandsAtlanta, GA(770) 239-7752info@popularcbdbrands.com SOURCE:Popular CBD Brands View source version on accesswire.com:https://www.accesswire.com/550566/New-Study-Suggests-CBD-Helps-Treat-Post-Traumatic-Stress-Disorder
SunCoke Energy's MLP Acquisition to Lower Cost of Operation SunCoke Energy, Inc.SXC recently announced that it has completed the acquisition of all remaining outstanding common units of its sponsored master limited partnership (MLP) subsidiary — SunCoke Energy Partners, L.P. Notably the acquisition was announced in February 2019. Unitholders of SunCoke Energy Partners will receive 1.4 shares of the company, whichrepresents a 9.3% premium to the partnership’s closing price on Feb 4. Reason for the Acquisition The company is focused on growth opportunities as well as generating immediate and long-term value for stakeholders. A simplified large publicly-traded company increases liquidity in the market and enhances free float. The acquisition will reduce the estimated operating cost by nearly $2 million per year. Estimated cash tax savings will be approximately $40 million over the next five years. The company will distribute 24 cents annual dividend per share in the first quarter. We believe that the company will generate more cash flow that will enhance organic growth projects in the future. Coking coal is essential for production of steel. The imposition of 25% tariff on steel imports by Trump administration has raised domestic steel production. The upside in production will benefit SunCoke Energy. Currently, the company has 5.9 million tons of annual coke making capacity on a global scale. In addition, the acquisition of SunCoke Energy Partners will further strengthen its position in the U.S. coke making business. Initiatives to Stay Competitive U.S. coal companies are gradually losing foothold as consumption and export of thermal coal is projected to decline going forward. Increasing awareness toward the environment has created a shift toward clean energy sources for power generation. To cope with the current scenario, coal companies are working on lowering operating costs, reducing production from high cost mines and idling mines to counter declining demand. Recently, Peabody Energy Corp. BTU and Arch Coal Inc ARCH have decided to form a joint venture by merging some of their most-productive coal mines in Powder River Basin and Colorado. The deal will reduce the cost of operation and offset competition. Zacks Rank & Key Pick SunCoke Energy currently has a Zacks Rank #4 (Sell). A better-ranked stock from the same industry is Natural Resource Partners LP NRP, which sports a Zacks Rank #1 (Strong Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here. Natural Resource Partners delivered average positive earnings surprise of 11.01% in the last four quarters.The Zacks Consensus Estimate for 2019 earnings moved up 19.3% to $5.75 per share in the past 60 days. Price Performance Shares of the company has gained 1% in the past six months compared with industry’s declined of 14.6%. The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportArch Coal Inc. (ARCH) : Free Stock Analysis ReportPeabody Energy Corporation (BTU) : Free Stock Analysis ReportNatural Resource Partners LP (NRP) : Free Stock Analysis ReportSunCoke Energy, Inc. (SXC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Garmin Adds Enhanced Engine Monitoring to Aviation Line-Up Garmin Ltd. GRMN is leaving no stone unturned to strengthen footprint in the booming display market and aviation industry on the back of its innovative technologies. This is evident from the company’s latest expansion of engine monitoring capability on its G600 TXi and G500 TXi flight displays. The move will enable the company’s Engine Indication System (EIS) TXi to include single-engine turboprop aircraft. Notably, the system includes dynamic engine gauge limits and indications, engine timers, exceedance recordings and wireless flight data logging features. Additionally, EIS TXi integrated with a fuel computer will enable pilots to monitor fuel calculations more precisely. Further, Garmin’s latest move ensures visibility of engine information on 7-inch portrait display and a single 10.6-inch TXi display that can accommodate primary flight display information, a multifunction display and a vertical EIS strip. Momentum Across Pilots & Aircrafts All the above-mentioned initiatives are aimed at improving flight performance by reducing pilot’s workload. EIS system with the expanded engine monitoring capability is capable enough to improve engine efficiency by helping pilots in reviewing aircraft engine performance data. Further, it helps in reducing the aircraft maintenance costs. These benefits are likely to aid the company in gaining traction among the pilots as it benefits them in maintaining the aircrafts efficiently. Further, the move is likely to bolster the adoption rate of Garmin’s G600 TXi and G500 TXi touchscreen flight displays across Pratt & Whitney PT6A turboprop powered aircrafts. Currently, the latest display compatibility is available in Piper PA46-310P/350P JetPROP, Daher TBM 700/TBM 850 and Cessna 208/208B aircraft models. Garmin Ltd. Revenue (TTM) Garmin Ltd. Revenue (TTM) Garmin Ltd. revenue-ttm \| Garmin Ltd. Quote Touchscreen Display Space, Aviation Unit Holds Promise We believe this initiative of Garmin will help it to rapidly penetrate the potential touchscreen flight display market. Consequently, this will aid the company in strengthening its position in the global touchscreen display market. Per a report from Transparency Market Research, this particular market is expected to reach $93.8 billion by 2024. The market is benefiting from the technological advancement and radical shift from traditional slow and imprecise resistive mono touch to highly sensitive multi-touch capacitive screen. Additionally, Garmin’s aviation business unit is likely to strengthen with enhanced engine monitoring capabilities. Notably, in first-quarter 2019, revenues in this segment were up 17.2% year over year and accounted for 22.3% of total revenues. Consequently, the latest move is likely to drive the company’s top line. Zacks Rank & Other Stocks to Consider Garmin currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Computer and Technology sector are Koninklijke Philips N.V. PHG, Universal Electronics Inc. UEIC and AMETEK, Inc. AME, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Long-term earnings growth for Koninklijke Philips, Universal Electronics and AMETEK is projected to be 15.5%, 15% and 9.61%, respectively. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report Garmin Ltd. (GRMN) : Free Stock Analysis Report Universal Electronics Inc. (UEIC) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
At HK$57.45, Is It Time To Put Hengan International Group Company Limited (HKG:1044) On Your Watch List? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Hengan International Group Company Limited (HKG:1044), which is in the personal products business, and is based in China, saw significant share price movement during recent months on the SEHK, rising to highs of HK$72.15 and falling to the lows of HK$56.15. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Hengan International Group's current trading price of HK$57.45 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Hengan International Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Check out our latest analysis for Hengan International Group Great news for investors – Hengan International Group is still trading at a fairly cheap price. According to my valuation, the intrinsic value for the stock is HK$96.58, but it is currently trading at HK$57.45 on the share market, meaning that there is still an opportunity to buy now. Another thing to keep in mind is that Hengan International Group’s share price may be quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to grow by 31% over the next couple of years, the future seems bright for Hengan International Group. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder?Since 1044 is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation. Are you a potential investor?If you’ve been keeping an eye on 1044 for a while, now might be the time to enter the stock. Its buoyant future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy 1044. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed buy. Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on Hengan International Group. You can find everything you need to know about Hengan International Group inthe latest infographic research report. If you are no longer interested in Hengan International Group, you can use our free platform to see my list of over50 other stocks with a high growth potential. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Apple (AAPL) Outpaces Stock Market Gains: What You Should Know Apple (AAPL) closed at $201.55 in the latest trading session, marking a +1.83% move from the prior day. This change outpaced the S&P 500's 0.77% gain on the day. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 1.06%. Coming into today, shares of the maker of iPhones, iPads and other products had gained 11% in the past month. In that same time, the Computer and Technology sector gained 4.12%, while the S&P 500 gained 5.12%. Wall Street will be looking for positivity from AAPL as it approaches its next earnings report date. In that report, analysts expect AAPL to post earnings of $2.12 per share. This would mark a year-over-year decline of 9.4%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $53.31 billion, up 0.09% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.47 per share and revenue of $256.48 billion. These totals would mark changes of -3.69% and -3.43%, respectively, from last year. Investors might also notice recent changes to analyst estimates for AAPL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. AAPL is holding a Zacks Rank of #3 (Hold) right now. In terms of valuation, AAPL is currently trading at a Forward P/E ratio of 17.25. This represents a premium compared to its industry's average Forward P/E of 10.05. Meanwhile, AAPL's PEG ratio is currently 1.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AAPL's industry had an average PEG ratio of 2.41 as of yesterday's close. The Computer - Mini computers industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 53, putting it in the top 21% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Click to get this free reportApple Inc. (AAPL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Visa Announces Verifi Buyout to Resolve Chargeback Issues Visa, Inc.V has signed an agreement to buy Verifi, a provider of payment protection and management solutions. With Verifi, Visa intends to reduce chargeback and give buyers and sellers intelligent, data-driven tools that foster collaboration, build trust, and improve the overall customer experience. A chargeback is a transaction that a cardholder (the shopper) has disputed and that has been reversed (i.e. refunded to the cardholder) by the card holder’s bank (also called the issuing bank). The reasons may be unauthorized or fraudulent charges, a shopper who paid but did not receive product or service, a shopper dissatisfied with his purchase, or being charged a wrong amount. Chargebacks are a way of protecting the users but are hard on merchants who face payment reversal, which results in the loss of revenues. Visa will utilize Verifi’s dispute resolution tools with its own suite of risk and fraud-prevention tools. This buyout will help Visa to reduce fraud and risks involved in payments via cards and make them more secure and reliable. In this vein, the company, has in past, acquired CardinalCommerce and CyberSource. Notably, both the companies specialize in managing fraud and securing payments. Transaction disputes have been on the rise with the consistently increasing use of cards as a mode of making payments. Addressing the issue of chargeback will fortify the company’s brand name and make it easy for the merchants. Visa remains the forerunner in the payments industry when it comes to innovation and technology, business growth, mergers and acquisitions. These have driven business for the company with payments volumes of $7.6 trillion achieved in 2018 compared with $3.8 trillion for Mastercard Inc. MA, $1.1 trillion for American Express Co. AXP and $159 billion for Discover Financial Services DFS in the same space. In a year’s time, the stock has gained 30% compared with theindustry’s rise of 25%. Visa carries a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportDiscover Financial Services (DFS) : Free Stock Analysis ReportAmerican Express Company (AXP) : Free Stock Analysis ReportVisa Inc. (V) : Free Stock Analysis ReportMastercard Incorporated (MA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Macquarie (MIC) Displays Bright Prospects, Risks Persist On Jul 1, we issued an updated research report on Macquarie Infrastructure Company MIC. In the past month, this Zacks Rank #3 (Hold) stock has gained 2% compared with the industry’s rally of 6.5%. Existing Scenario Macquarie is well poised to gain from strong flight activity and increased market share across the airports wherein it operates. For instance, new project wins involving construction of additional capacity and related infrastructure work are likely to drive revenues of company’s IMTT segment. Also, the MIC Hawaii segment's revenues have benefited from the implementation of new gas rates (July 2018) and investments in renewable energy infrastructure projects. The company’s planned growth investments will strengthen performance of segments. For 2019, growth capital expenditure is likely to be $275-$300 million, with a major chunk to be used for the IMTT segment. In addition, the company's healthy cash flow allows management to return higher values to shareholders. In the first quarter of 2019, it distributed dividends totaling $86 million. However, Macquarie’s long-term debt increased roughly 2.3% (CAGR) in the five years (2014-2018). The company’s long-term debt balance at the end of first-quarter 2019 remained high at $2,653 million. We believe that high-debt levels, if unchecked, can prove detrimental to margins and profitability. In addition, analysts have become increasingly bearish on Macquarie over the past couple of months. Consequently, the Zacks Consensus Estimate for 2019 earnings has trended down from $4.81 to $4.80. Stocks to Consider Some better-ranked stocks from the same space are Crane Co. CR, Carlisle Companies Inc. CSL and Federal Signal Corp. FSS. All these companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here . Crane delivered average earnings surprise of 6.74% in the trailing four reported quarters. Carlisle pulled off average positive earnings surprise of 19.07% in the previous four reported quarters. Federal Signal delivered average earnings surprise of 21.75% in the trailing four reported quarters. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crane Company (CR) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report Macquarie Infrastructure Company (MIC) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research View comments
Macron proposes Lagarde to head ECB in push to end EU jobs deadlock By Jean-Baptiste Vey and Belén Carreño BRUSSELS (Reuters) - President Emmanuel Macron sought to break a deadlock on Tuesday over assigning the EU's top jobs by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the European Central Bank (ECB), diplomatic sources said. In his proposal, made to tired EU leaders on a third day of arm-wrestling over who will next hold the bloc's top posts, Macron also proposed Germany's Defence Minister Ursula von der Leyen to become president of the European Commission. The leaders are trying to balance political affiliations, the varying interests of different regions, and an acute lack of women in senior ranks as they seek to fill five top jobs coming vacant later this year. "Things are going smoothly now," one source said of discussions around the French president's proposal. The marathon talks have underlined the growing fragmentation in the 28-nation European Union. In a sign of a fresh push for a compromise, the start of the leaders' talks on Tuesday was delayed repeatedly to allow more time for separate consultations. "Everyone has to understand that they have to shift a little," German Chancellor Angela Merkel told reporters. "I say that to everyone. Then there will be a chance of reaching a deal." A diplomatic source said Merkel, the EU's most powerful leader, was "very positive" about the proposal of Lagarde, a former center-right French finance minister. She is also likely to welcome the proposal of von der Leyen, who is from Merkel's governing conservatives. CONSERVATIVE OPPOSITION Italy and ex-communist eastern states had blocked Dutch Socialist Frans Timmermans on Monday from taking up the post of Commission president, the highest-profile job in Brussels, though on Tuesday Spain's Socialist acting prime minister, Pedro Sanchez, was still sticking by him. The Commission supervises EU states' budgets, acts as the bloc's competition watchdog and conducts trade negotiations with third countries. Its presidency is the key post of the five, who will shape policy in everything from climate to migration and finance for the world's biggest economic bloc and its 500 million people. The struggle to share out the posts -- which also include the new head of the European Parliament, the bloc's top diplomat and the chairman of EU summits -- has already taken a toll. The deadlock has meant the postponement of a separate meeting on Italy's parlous public finances, and is distracting the EU as a nuclear deal it helped to forge with Iran is edging closer to collapse. The stalemate in decision-making has also cast fresh doubt on whether the EU can take in any new members from the Western Balkans, some of which are being courted by Moscow. FIRST FEMALE PRESIDENTS? It is highly unusual for a summit to run into a third day, and this round is already the third attempt to decide the jobs. The inability to reach consensus bolsters criticism from anti-establishment nationalists and undermines the EU's image as it faces multiple external challenges, from the United States, Russia, Iran and China among others. If Macron's proposal gets approved, it would be the first time that women have ever been at the helm of the Commission and the ECB, which steers the economies of the 19 member states of the single-currency euro zone. Because both are center-right politicians, socialist candidates should then take the posts of top EU diplomat and deputy roles at the Commission, diplomats said. Possible names discussed on Tuesday afternoon included Timmermans, Spain's Joseph Borell and Nadia Calvino or Slovakia's Maros Sefcovic. Belgium's caretaker prime minister, Charles Michel, a liberal, could become the next chairman of EU leaders' summits, the sources said. Another liberal, Denmark's Margrethe Vestager, could also get a senior Commission role, they added. EU leaders have to seal a deal on Tuesday or risk being overtaken by the new European Parliament, which holds an inaugural session after a continent-wide election in May. It is due to pick its new president on Wednesday and could act independently, barring an agreement by the 28 leaders. The new EU assembly's approval is required for the Commission president that the national leaders nominate. Two sources, however, signaled the Macron package would likely face stiff opposition in the European Parliament as it mostly did not include leading candidates proposed by the various political groups in the assembly. Italian Prime Minister Giuseppe Conte said he would prefer a woman as the next head of the European Commission. Conte also seemed to edge Italy away from any imminent threat of EU action on its large debt by asserting that its 2019 budget deficit looked set to fall to 2.04% of gross domestic product. The European Commission, which has threatened to launch disciplinary procedures over Rome's failure to cut public debt, was due to return to the matter on Wednesday. (Reporting by Andreas Rinke, Peter Maushagen, Alexandra Regida, Jean-Baptiste Vey, Richard Lough, Gabriela Baczynska, Alissa de Carbonnel, Belen Carreno in Brussels, Jan Lopatka in Prague, Alan Charlish and Agnieszka Barteczko in Warsaw, Francesco Guarascio in Strasbourg; Writing by Gabriela Baczynska; Editing by Kevin Liffey and Gareth Jones)
Kinder Morgan Commences Bakken Pipeline Binding Open Season Kinder Morgan, Inc.KMI recently announced a binding joint tariff open season, seeking for shipping commitments to transport crude from the prolific Bakken Shale play through the Hiland Crude system. A subsidiary of Kinder Morgan, Hiland Crude, LLC, and a unit of Tallgrass Energy, LP TGE, Tallgrass Pony Express Pipeline, LLC, are working together on the project. Through their combined systems, the companies plan to transfer crude from the Bakken Shale to refineries along the Pony Express oil system and the market in Cushing, OK. The open season is expected to close on July 28, 2019. While the Hiland Crude system can transport crude of around 88,000 barrels per day (BPD) from Bakken to Guernsey, WY, the Pony Express system is capable of delivering about 375,000 BPD from Guernsey to Cushing, and links three refineries along the path. Kinder Morgan is a leading midstream energy infrastructure provider in North America. The company operates pipelines that are spread across 84,000 miles to transport natural gas, crude oil, condensate, refined petroleum products, CO2 and other products. Kinder Morgan owns 157 terminals that are utilized for storing liquid commodities comprising ethanol & chemicals, and petroleum products. The terminals also store and transload petroleum coke, metals and ores. Price Performance Headquartered in Houston, TX, Kinder Morgan has gained 35.8% year to date compared with 18% rally of theindustryit belongs to. Zacks Rank & Other Stocks to Consider Kinder Morgan currently has a Zacks Rank #2 (Buy).Other top-ranked players in the energy space include Plains Group Holdings, L.P. PAGP and Holly Energy Partners, L.P. HEP. While Plains Group sports a Zacks Rank #1 (Strong Buy), Holly Energy has a Zacks Rank #2. You can seethe complete list of today’s Zacks #1 Rank stocks here. Plains Group’s sales growth is projected at 26.1% through second-quarter 2019. Holly Energy’s 2019 earnings per share are expected to grow 8.8% year over year. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportKinder Morgan, Inc. (KMI) : Free Stock Analysis ReportPlains Group Holdings, L.P. (PAGP) : Free Stock Analysis ReportHolly Energy Partners, L.P. (HEP) : Free Stock Analysis ReportTallgrass Energy GP, LP (TGE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Gold Price Prediction – Gold Tumbles as Geopolitics Eases Gold prices were hammered on Monday as the dollar gained traction and riskier assets are buoyed as market sentiment improved in the wake of the G20 meeting. Trump delayed additional tariffs on Chinese goods while talks resume, and China said that it would resume purchasing agricultural products. Existing tariffs will remain in place. Geopolitical tensions eased a Trump made a surprise visit to North Korea and the Demilitarized Zone, while Iran countered this good news with an increase in nuclear production. Technical Analysis Gold prices tumbled 1.8% on Monday, slicing through short term support which is now seen as resistance near the 10-day moving average at 1,398. Support on the yellow metal is seen near the 50-day moving average at 1,318. Medium term momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line). The fast stochastic accelerated lower reflecting accelerating negative short term momentum. Geopolitical Tension Eases Allowing the Dollar to Rally Geopolitical tensions eased as Trump made a surprise visit to the Demilitarized Zone and became the first US President while in office to set foot in North Korea. Teams from each side will resume talks over the next few weeks. The dollar gained as the Euro slump following EU data for June which was released on Monday which showed weak Eurozone final June manufacturing PMI readings. The headline Eurozone reading fell to 47.6 from the 47.8 flash reading. Germany worsened to 45.0 from 45.4 flash, while France worsened to 51.9 from 52.0 flash. Spain fell to 47.9 from 50.1 in May, whilst Italy fell to 48.4 from 49.7 in May. In Germany unemployment was reported which showed initial claims fell -1k while the rate remained steady at 5.0%. Thisarticlewas originally posted on FX Empire • Forex Recap – Despite RBA Rate Cut, AUD/USD Pair Generated Positive Price Actions • E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strengthens Over 26740, Weakens Under 26684 But Needs Better Volume • The Crypto Daily – The Movers and Shakers 03/07/19 • AUD/USD Forex Technical Analysis – July 3, 2019 Forecast • Economic Data, Brexit and Carney Line Up Against the Pound • NEO Technical Analysis – Support Levels in Play – 03/07/19
Trump Mulls Another Tax Cut for the Rich: Report The Trump administration is considering issuing an executive order that would index capital gains to inflation, Bloomberg News reported last week. “Indexing capital gains would slash tax bills for investors when selling assets such as stock or real estate by adjusting the original purchase price so no tax is paid on appreciation tied to inflation,”saidBloomberg’s Saleha Mohsin. Arguing that it would be “the most useless and regressive tax cut ever,” Matt O’Brien of The Washington Posthighlightedthe degree to which the benefits would flow to the wealthiest taxpayers. “[A]ccording to the nonpartisan Penn-Wharton Budget Model, indexing capital gains to inflation would only give 2.5 percent of its total tax cut to the bottom 90 percent, 11.4 percent to the 90 to 99 percent, 23 percent to the 99 to 99.9 percent, and a whopping 63.1 percent to the top 0.1 percent alone,” O’Brien wrote Saturday. “To put that in perspective, the top 0.1 percent of households would get a 25 times bigger tax cut than the bottom 90 percent combined.” Like what you're reading? Sign up for ourfree newsletter.
American Eagle Down 22% in 3 Months: Is a Turnaround Likely? American Eagle Outfitters, Inc.AEO stock has been in the doldrums in the recent past. Shares of the company have tumbled 22.2% in the past three months, wider than the industry’s 18.7% decline. The stock also underperformed the broader Retail-Wholesale sector and S&P 500’s respective growth of 2% and 2.2%.We note that the stock was hit by the company’s bleak earnings outlook for second-quarter fiscal 2019. Adjusted earnings are envisioned to be 30-32 cents for the impending quarter, down from 34 cents recorded in the year-ago quarter. Additionally, American Eagle witnessed strained margins in the fiscal first quarter, which further affected investor’s sentiment.Factors Hurting Stock PerformanceIn first-quarter fiscal 2019, higher markdowns and delivery expenses dented American Eagle’s gross margin, which coupled with higher SG&A expenses hurt operating margin. While gross margin contracted 30 basis points (bps) in the reported quarter, operating margin was down 80 bps.We note that the company has been witnessing strained operating margin since the last few quarters, primarily due to higher SG&A expenses. Rise in SG&A expenses can be mainly attributed to higher investments in brands and initiatives to enhance customer experience as well as higher store payroll, wages, and increased incentive expenses and advertising costs.Following the management’s soft earnings view for second-quarter fiscal 2019, analysts are pessimistic about American Eagle’s results in the upcoming quarter. Apparently, the current Zacks Consensus Estimate of 32 cents for the second quarter was revised 5.9% downward over the past 30 days.Strategic Endeavors Might Aid a TurnaroundDespite the odds, American Eagle’s efforts to strengthen omni-channel endeavors and Aerie brand appear impressive.American Eagle is striving to develop its omni-channel platform by enhancing the digital portals besides investing in store fleet. Digital sales grew in low-double digits, with the business contributing about 30% to total revenues in first-quarter fiscal 2019. This represents 100 bps growth from 29% recorded in the year-ago quarter. Notably, the company is experiencing increases in its app and mobile channels, which together represents more than 50% of its digital business.Additionally, trends in brick-and-mortar stores continued to improve as both the company’s AE and Aerie brands’ stores reported positive in-store comps. Notably, American Eagle reported positive in-store comps for the sixth consecutive quarter.American Eagle’s comps grew 6% in the first quarter. Brand-wise, comps rose 14% at Aerie stores and 4% at AE outlets. Notably, the AE brand is gaining from its leadership position in bottoms, with jeans business recording 23rd consecutive quarter of comps growth.Aerie has evolved into a lifestyle brand, and remains focused on expanding market share and rapidly growing customer base. After the success of its core intimates offerings, the brand is rapidly gaining share in the innovative apparel market with the body positivity movement. Encouragingly, American Eagle plans to accelerate the brand’s footprint by opening 35-40 Aerie stores in fiscal 2019.These apart, American Eagle boasts a robust comparable sales (comps) trend, marking 17th straight quarter of comps growth in first-quarter fiscal 2019. The company also delivered fifth straight quarter of positive earnings surprise, with a sales beat in four of the trailing six quarters.Backed by these positives, we expect this Zacks Rank #3 (Hold) stock to consistently deliver growth in the coming days.3 Key Picks in the Retail SpaceThe Children's Place, Inc. PLCE has an expected long-term earnings growth rate of 8% and a Zacks Rank #1 (Strong Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.Genesco Inc. GCO delivered an average positive earnings surprise of 232.6% in the last four quarters. The company has a Zacks Rank #1.Stitch Fix, Inc. SFIX, which presently carries a Zacks Rank #2 (Buy), has an impressive long-term earnings growth rate of 22.5%.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportAmerican Eagle Outfitters, Inc. (AEO) : Free Stock Analysis ReportChildren's Place, Inc. (The) (PLCE) : Free Stock Analysis ReportGenesco Inc. (GCO) : Free Stock Analysis ReportStitch Fix, Inc. (SFIX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Trump’s New Chief Economic Adviser President Trump plans to name a health care expert to lead the White House Council of Economic Advisers, The Washington PostreportedMonday. Tomas Philipson would replace outgoing CEA chief Kevin Hassett, a tax expert who has been a strong proponent of the Tax Cuts and Jobs Act. On leave from the University of Chicago, where he focused on public policy and health economics, Philipson has worked as a senior economist in the Trump White House for nearly two years, and previously served in the George W. Bush administration. Philipson has been “a key player” in the White House effort to drug bring down drug prices, The Post's Heather Long and Jeff Stein said, and his appointment could signal a “heightened focus ahead on health-care issues” in Trump administration in the coming months. Like what you're reading? Sign up for ourfree newsletter.
Group say conditions dire for asylum seekers stuck in Mexico WASHINGTON (AP) Asylum seekers forced to wait in Mexico are increasingly facing violence and dire conditions, stranded in purgatory with no means to survive, according to an upcoming report from Human Rights Watch. The international rights group called on the Trump administration to end the practice of preventing asylum seekers from living in the United States while their cases are being considered. As of last week, Mexico reported 15,079 people, mostly from Central America, had been sent back to Mexico after reaching the U.S. That number includes 4,780 children and at least 13 pregnant women, according to the report, which was obtained by The Associated Press and will be released Tuesday. Several asylum seekers interviewed by the group were attacked, kidnapped or sexually assaulted in Mexico while waiting for court hearings. When some go to the U.S. for their hearings, they lose their shelter in Mexico and have no place upon return. Officials from the Department of Homeland Security had no immediate comment about the report. The policy is one of the only border crackdown efforts by Trump that has not been shut down by courts. Homeland Security officials claim it is a necessary effort to stop the unmanageable flow of migrants streaming into the U.S. But there is growing outcry from humanitarian groups, lawyers and even asylum officers over the policy and what it means for safety and security, especially amid a rapid expansion following an allowance by Mexico to appease the Trump administration and avoid threatened tariffs. Asylum seekers have up to a year to file a claim. From October through March 31, there were 103,658 cases filed. There are tens of thousands of people crossing the border each month. The report also found that many asylum seekers had their belongings, including their documents, confiscated by Border Patrol agents. Homeland Security's watchdog has also found that agents routinely dumped asylum seekers' backpacks, handbags and suitcases. Story continues One 23-year-old asylum seeker from Honduras, a mother, said agents took all her documents and now she has no proof that her daughter is even hers. In another case, a father had his government-issued ID taken and couldn't get it back, despite needing to return to El Salvador to be with his gravely ill child. He ended up traveling to a Salvadoran consulate about 700 miles (1,120 kilometers) away and then leaving. Another woman traveling with her 6-year-old and 3-year-old sons from Honduras said she is no longer permitted to stay in a shelter anymore it's unclear why and her court date is five months from now. She said she's thinking of crossing illegally but is afraid the government will take her children. The report was based on interviews and court monitoring done by the watchdog group in Mexico and the U.S. in May.
Economy Sets a Record, but Trump Isn't Getting Much of a Boost from It The recovery from the Great Recession turned 10 years old on Monday, making it the longest period of economic expansion in modern U.S. history. Unemployment has fallen from 10% in October 2009 to 3.6% as of last month. Gross domestic product has grown in a solid if unspectacular fashion, climbing from $15.2 trillion in 2009 to nearly $18.6 trillion last year. But as it enters its 121st month, the growth streak is “easily the least celebrated economic recovery in decades,”writesChristopher Rugaber of the Associated Press. Income growth has been weak, and the richest Americans now hold a larger share of the country’s wealth than they did before the financial crisis in 2007, Rugaber says. So while Americans now rate the economy as solid, they give President Trump mixed reviews for his handling of it, according to anew pollby The Associated Press-NORC Center for Public Affairs Research. Some key data from the poll: • 63% of Americans describe the economy as good, up from 53% in January. • 47% approve of Trump handling of the economy, while 51% disapprove • Just 26% say that Trump’s tariffs help the economy, down from 40% in August 2018. • Just 17% say they got a tax cut in 2018, while a third say their federal taxes increased and 31% say their taxes stayed the same. (Republicans are more likely than Democrats to say their taxes decreased, 25% to 10%.) Those tax cut numbers stand in sharp contrast to analyses that have shown that most households paid less in federal taxes last year as a result of the 2017 GOP tax overhaul. “This suggests the tax cuts may have been too modest to notice or were eaten up by daily expenses, or that people were disappointed with their refunds,” the AP’s Josh Boak and Hannah Fingerhutwrite. The AP-NORC poll of 1,116 adults was conducted June 13 to 17. It has a margin of sampling error of plus or minus 4 percentage points. Like what you're reading? Sign up for ourfree newsletter.
Roku's TV Strategy Puts It on Another Level Roku(NASDAQ: ROKU) says 1 in 3 smart TVs sold in the United States in the first quarter had Roku OS installed. Those smart TV sales, combined with its streaming sticks and set-top boxes, led it to take 30% of the total market for streaming devices in the first quarter, according to Strategy Analytics. The analysts at Strategy Analytics also point out that Roku TV sales have propelled it to widen its lead in streaming device usage over the competition. And the race is not even close. Roku accounts for 15.2% of all streaming devices in use in the U.S. That's a 36% lead over its next-closest competitor,Sony's PlayStation. Sony,Samsung, andMicrosoftare all tightly clumped together in another tier, andAlphabet's Google andAmazon(NASDAQ: AMZN) are another level down. While all of the above companies pose competitive threats to Roku, its smart TV partnerships ought to enable it to widen its lead even further. Around half of Roku's 29.1 million active users are Roku TV users, according to an estimate fromNeedham analyst Laura Martin. That percentage ought to climb even higher over the coming years as Roku TVs continue to capture market share. Total smart TV sales set a new record in the first quarter, according to Strategy Analytics. That means the need for a connected device like a Roku box or Fire TV stick is decreasing. Importantly, smart TVs are stickier than streaming sticks since they have greater sunk costs. Consumers are more likely to replace a $30 electronic device than their brand-new smart TV. Roku could hold 70% more market share than its next-closest competitor by the end of the year if it continues to dominate the smart TV market. And that share will keep growing as Roku TV users stick around and Roku adds new users. Not only are Roku TV users more likely to stick with Roku longer than its device users, they're also more likely to engage with Roku OS than device users. The Roku home screen is the first thing Roku TV users see when they turn on the TV, and Roku is able to build in more features to engage users watching live TV as well. The potential for increased engagement on Roku TV over other Roku devices is evidenced in theacceleration in streaming hoursin each of the last five quarters. Roku also has a considerable lead over other streaming platforms for streaming hours per user. While Amazon can point to its 34 million global Fire TV users, it doesn't disclose user engagement. The average Roku user streamed around 3.5 hours per day in the first quarter. There's still a considerable gap between Roku'sengagement and its monetization. A key to Roku closing that gap is to convert more television advertisers to streaming video advertisers. Roku TV users can help Roku bring more television advertisers to its platform, providing greater cross-platform measurement capabilities than its stand-alone devices. Roku has steadily gained market share in the U.S. smart TV industry over the last few years. The competition has improved as well, notably from Amazon, so Roku will need to continue to develop partnerships and features for its operating system to stay ahead. It also has amassive opportunity internationally, where it's less well known. In its fourth-quarter letter to shareholders, management said it's increasing its investment in international markets but doesn't expect to see any return from those investments until 2020. It has to overcome the massive brand recognition already established by Amazon and others in those markets. With enough partnerships and marketing, Roku should be able to replicate its success in the U.S. 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. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors.Adam Levyowns shares of Alphabet (C shares), Amazon, and Microsoft. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Microsoft, and Roku. The Motley Fool has adisclosure policy.
Asian Stocks Mixed; Trump Says New Round of Sino-U.S. Trade Talk Has Begun Investing.com - Asian stocks were mixed in morning trade on Tuesday. Chinese stocks fell even after a trade truce with the U.S. China’s Shanghai Composite was down 0.2% by 10:30 PM ET (02:30 GMT), while the Shenzhen Component was little changed. U.S. President Donald Trump said that he would hold off slapping an additional $300 billion in tariffs on Chinese goods as the two countries resumed trade negotiations. “It has already begun. They are speaking very much on the phone,” Trump told reporters at the White House on Monday, referring to the two nations’ trade negotiators. “It actually began before our meeting (at the G-20 summit),” he added. However, reports that the U.S. expanded a list of European products that may get hit with tariffs once again raised concerns that global trade tension has yet to go away and dampened investor sentiment. The Hang Seng Index gained 1.4%.On Monday night, Hong Kong's protesters storm the city’s legislative chamber in an escalation of demonstrations against the China-appointed government. Earlier this year, the city’s chief executive Carrie Lam and her government pushed legislation that would for the first time allow extraditions to China. Her decision sparked the worst political crisis since the 1997 as multiple parties expressed concerns over the proposed bill. Casino stocks outperformed today as data showed a jump in gaming revenue in June. Gross gaming revenue in Macau rose 5.9% last month from the year-ago period, the Macau gaming authority reported, which was well above expectations. Wynn Macau Ltd (HK:1128) jumped 5.5%, Galaxy Entertainment Group Ltd (HK:0027) surged 6.2%, while Sands China Ltd (HK:1928) climbed 6.3%. Meanwhile, Japan’s Nikkei 225 inched up 0.1%. South Korea’s KOSPI was down 0.3%. Australia’s ASX 200 saw modest gains before the Reserve Bank of Australia meets to set policy later in the day. Disappointing manufacturing data from the U.S. was cited as headwind for global stocks. Story continues The U.S. jobs report is due Friday and is projected to show nonfarm payrolls rose by 164,000 in June, rebounding from 75,000 the month prior. Related Articles Asian shares cautious as weak manufacturing data stoke growth worries Brookfield, GIC to buy Genesee & Wyoming for about $6.4 billion USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies
Taylor Swift's Fight Over Her Catalog Is Just the Latest Example of Artists Struggling to Own Their Work Taylor Swift’s very public feud with music manager Scooter Braun over her music catalog has become the stuff of tabloid gossip, with several stars taking sides. But the dispute raises big questions about the struggle for many artists to own and profit from the music they create. Braun’s company, Ithaca Holdings, bought the record label that controls Swift’s back catalog, Big Machine Label Group, as part of a $300 million deal, Billboard reported . The catalog comprises the masters, which are the recordings of a song from which subsequent copies are made, of Swift’s first six albums, from her 2006 self-titled debut to Reputation , released in 2017. Swift left Big Machine last year for Universal Music Group’s Republic Records. “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,” Swift wrote in a Tumblr post on Sunday. “I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future.” The still-unfolding dispute has offered a peek into the complexities of the music industry. By giving some transparency, Swift, who has previously spoken out about the unfair treatment of artists by record labels, raises awareness of how difficult it can be for an artist to gain control of their intellectual property, according to attorney Jason Boyarski, who handles entertainment and media cases. Swift’s struggle to regain control over her masters continues a longtime trend of artists who have battled to own the work they created. Paul McCartney settled a lawsuit with Sony/ATV Music Publishing LLC in 2017, after he tried to regain copyrights to the Beatles catalog in a decades-long battle for ownership . Prince, who was known for protecting the copyrights to his work, notably fought with Warner Bros. over the right to his masters in the 1990s. Story continues Prince was famously quoted in a 1996 Rolling Stone article as saying, “If you don’t own your masters, your master owns you.” “It was a means to assure the control of how he wanted his art to be exploited in the market,” says Boyarski, who oversaw Prince’s estate following the artist’s death in 2016. Swift’s protest is unlikely to have an immediate change on the way record labels handle contracts with artists. But it could push other musicians with less power within the industry to fight to gain control of their work, says Robert Baldori, an attorney and musician who has represented Chuck Berry, among many notable performers. Berry, an “astute businessman,” was able to control much of his catalog because he had a knack for understanding the complex terms of his contracts, Baldori says. For artists just starting out or signing to record labels as teenagers, that business acumen is typically missing, allowing companies to take advantage. “It’s always been a dogfight,” he says. “It’s good that someone with that much clout is standing up and talking about it—it would be great if the ones that have leverage got together and lobbied for fair regulations.” Artists who are just starting out are typically negotiating with labels that have handled contracts for decades, according to Baldori. “As time passes, it gets more unfavorable to the artist. You’re walking in without any leverage, and you don’t know a thing,” he says. While many artists are better informed in terms of what’s at stake, they aren’t exactly more savvy about negotiating well with labels because it requires a certain level of expertise, Baldori says. One example of an artist who managed to make the system work is the rapper Macklemore, Baldori says. Macklemore rose to fame after putting out music on his own and then leveraging his fan support to negotiate a better deal for himself. The issue gets further complicated because of the impact of technology on the music industry. Younger artists can bypass contract negotiations by putting out their music on their own, whether on YouTube or through crowdfunding efforts. Amanda Palmer is one of the artists who was able to bypass the record labels, Baldori says––skipping the more traditional avenues to success. Palmer has a massive following on Patreon and other platforms and sells out shows, despite not being well known in the mainstream. Artists like that, who are “huge online” but unheard of elsewhere, are growing by the dozens, and all are making money through independent means, like merchandise and live shows, Baldori adds. “There are dozens of artists making millions in their own silos,” he says says. “The business was a lot more unified 30 or 40 years ago.” The sale of Swift’s catalog to Braun cut into personal beefs, with the singer saying she was bullied by Braun. The push by Swift prompted loud support on social media and divided the pop music world, particularly among Braun’s clients. “This is my worst case scenario. This is what happens when you sign a deal at fifteen to someone for whom the term ‘loyalty’ is clearly just a contractual concept,” Swift wrote on Tumblr. “When I left my masters in Scott’s 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.” Braun did not immediately respond to a request for comment. In a statement released Sunday, Borchetta said he texted Swift about the sale of Big Machine ahead of the announcement, and noted that Swift’s father, Scott Swift, was a shareholder in the label company and was alerted to deal on June 25. He also refuted Swift’s claim that Big Machine said she could buy back her albums, and included a screenshot of a different proposed deal in which Swift asked for a seven-year-deal in which the label would assign ownership of her music to her. Big Machine agreed to the terms, but asked for a 10-year period.
USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies By Andrea Shalal WASHINGTON (Reuters) - Just days after reaching a truce in the U.S.-China trade war, the U.S. government on Monday ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods. The U.S. Trade Representative's office released a list of additional products - including olives, Italian cheese and Scotch whiskey - that could be hit with tariffs, on top of products worth $21 billion that were announced in April. USTR said it was adding 89 tariff sub-categories to its initial list, including a variety of metals, in response to public comments, but gave no further explanation. Over 40 individuals testified about products included on the initial list at a public hearing on May 15 and 16. The United States and the EU have threatened to impose billions of dollars of tit-for-tat tariffs on planes, tractors and food in a nearly 15-year dispute at the World Trade Organization over aircraft subsidies given to U.S. planemaker Boeing Co <BA.N> and its European rival, Airbus SE <AIR.PA>. Senior officials from Boeing and a U.S. aerospace trade group urged the U.S. government last month to narrowly tailor any tariffs imposed on the EU over illegal aircraft subsidies to avoid harming American manufacturers. No comment was immediately available from Boeing or Airbus. The Distilled Spirits Council of the United States criticized the Trump administration's latest tariff threats and warned they would jeopardize U.S. jobs and hurt consumers. "We strongly oppose the inclusion of distilled products in the proposed retaliation list," said spokeswoman Lisa Hawkins. "U.S. companies - from farmers to suppliers to retailers - are already being negatively impacted by the imposition of retaliatory tariffs by key trading partners on certain U.S. distilled spirits ... and these additional tariffs will only inflict further harm," she said. Monday's move followed news during the Paris Air Show that the United States could be open to negotiations on an "enforceable mechanism" that could allow Airbus to receive government funding on commercial terms, potentially paving the way for an end to the aircraft subsidy fight. Such a deal would also include moves by the United States to address tax incentives provided by Washington state to Boeing and make them compliant with trade rulings, as part of a possible new framework for aircraft industry funding, two U.S. sources said at the time. The WTO has found that the world's two largest planemakers received billions of dollars of harmful subsidies in a pair of cases marking the world's largest-ever corporate trade dispute. It is expected to rule on the U.S. sanctions request over the summer, although the date could slip to September. USTR said it would hold a hearing on the proposed additional products on Aug. 5. It said it could immediately impose increased duties on the products included in the initial list, if the WTO arbitrator issued a decision before the public comment period ended on the supplemental list. Further actions on the supplemental list could follow, it added. (Reporting by Andrea Shalal and Eric Beech, Editing by Rosalba O'Brien and Peter Cooney)
Adobe (ADBE): Buy or Die? Subscription-based revenue is the new gold standard for software companies. This business model creates long-standing sustainable revenue that has the ability to continue to grow as the business does. This model has been successfully integrated into software behemoth, Adobe ADBE. Adobe has driven north of 20% revenue growth for every quarter year-over-year since 2015. ADBE has surge more than 313% in 5 years, and potential investors keep missing the boat. The stock is on track for their 8thconsecutive year of double-digit returns. Adobe Stock Analysis ADBE is riding its all-time high, trading around $300. I as an investor am always apprehensive about buying such a volatile stock on new highs because historical price trends show that the stock is likely to dip before it hits new highs. This being said, I do not have a crystal ball and this price could very well be the 52-week low in 52 weeks. This firm’s performance has been extraordinary since its pivot to cloud-based software, which began in mid-2013. They were an early mover on this type of subscription driven software and have been able to reap the benefits. Effectively all of Adobe’s revenue is now being delivered to customers through the cloud and their stable subscription-based sales are pushing year-over-year as well as quarter-over-quarter growth nowhere but up. Adobe is a must have software for professionals in both creative fields and marketing. They are the clear leader in digital content creation which is a category that is only going to grow as our society becomes increasingly digitalized. Being an essential provider of software for professionals in a growing industry gives this firm a solid backing for a buy recommendation at the right valuation. Looking at valuation, this firm is consistent with a firm that is expected to have strong double-digit top and bottom-line growth for the next 3 years. ADBE is trading at a TTM P/E of 51x and a forward P/E of 40x, both around their 5-year median. Risks Adobe has an enormous amount of growth priced into it, and if they are unable to grow their customer base or software prices in line with analyst expectations, the stock’s current valuation could be discounted. The current valuations are far above any comparable firm and economic as well as geopolitical headwinds could have a significant downside to Adobe’s stock price. Competing cloud-based software firms include Oracle ORCL, Microsoft MSFT, and Salesforce CRM. Take Away There is no question that Adobe has an extraordinary business model with an enormous amount of potential as the undeniable leader in the digital content creation space. The question is whether the current price is the right price to buy. As a long term investor (more than 2 years) not worried about short to medium term volatility, I would say this stock is trading at reasonable enough valuations to buy and hold through the volatility. 8 consecutive years of strong double digit stock return is a convincing argument for a proved business model. If you are a medium to short term investor, (6 months or less) I would wait for a valuation dip to jump into ABDE. Seeing the 12-month forward P/E come closer to the 35x level would make me as an investor feel much more comfortable about buying this software powerhouse. The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportOracle Corporation (ORCL) : Free Stock Analysis Reportsalesforce.com, inc. (CRM) : Free Stock Analysis ReportAdobe Systems Incorporated (ADBE) : Free Stock Analysis ReportMicrosoft Corporation (MSFT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Pelosi vs Schumer? Bitter Dem Divide Could Spell Trouble Ahead The $4.6 billion border bill passed by Congress last week exposed tensions between liberal and centrist factions within the Democratic Party and reportedly created a “bitter rift” between House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. Before leaving for their July 4 recess, the House approved the bipartisan Senate version of legislation to provide funds for the care of migrants arriving at the southern border. While 129 House Democrats voted for the bill, 95 voted against it. And passage of the bill — without the stronger restrictions on the Trump administration and protections for migrant children that House liberals had sought — came only after some heated intrapartyclashes. Progressives in the House accused their Senate counterparts of destroying any leverage they had by supporting the Senate legislation. House moderates, meanwhile, “reveled in the clout they’d wielded over the more highly publicized progressive wing of the party and said the day had delivered a message to leaders about issues lying ahead,” according to theAssociated Press. And officials on both sides of the Capitol “privately acknowledged that if the House had acted more swiftly in passing its own legislation — and resisted some of the liberal demands in drafting the measure — moving in tandem would have been easier,” The New York Timesreported. The outcome, seen as a defeat for Pelosi, leftlingering resentments, as both the AP andThe Washington Postdetailed. Why it matters:“The breakdown between Pelosi and Schumer revealed the extent of the raw divisions among congressional Democrats and raises the possibility of more skirmishes to come as Congress barrels toward funding and debt ceiling deadlines this fall,” the Post’s Mike DeBonis and Rachael Bade reported. And The New York Times’ Emily Cochranesaidthat “the bitter divide over this vote is likely to carry over to a fight to fund the Departments of Homeland Security and Health and Human Services for the next fiscal year. That may be particularly true of members of the Congressional Hispanic Caucus, which denounced the vote on Thursday as ‘a betrayal of our American values.’” Like what you're reading? Sign up for ourfree newsletter.
Estimating The Intrinsic Value Of Yihai International Holding Ltd. (HKG:1579) Want to participate in a short research study ? Help shape the future of investing tools and you could win a $250 gift card! How far off is Yihai International Holding Ltd. ( HKG:1579 ) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. This is done using the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model . See our latest analysis for Yihai International Holding The method We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. 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. Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (CN¥, Millions) CN¥589.2m CN¥887.3m CN¥1.1b CN¥1.3b CN¥1.5b CN¥1.7b CN¥1.8b CN¥1.9b CN¥2.0b CN¥2.1b Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x1 Analyst x1 Est @ 14.59% Est @ 10.82% Est @ 8.17% Est @ 6.32% Est @ 5.03% Est @ 4.12% Present Value (CN¥, Millions) Discounted @ 6.77% CN¥551.8 CN¥778.3 CN¥883.1 CN¥1.0k CN¥1.1k CN¥1.1k CN¥1.1k CN¥1.1k CN¥1.1k CN¥1.1k ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF) = CN¥9.9b Story continues 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%) 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 6.8%. Terminal Value (TV) = FCF 2029 × (1 + g) ÷ (r – g) = CN¥2.1b × (1 + 2%) ÷ (6.8% – 2%) = CN¥45b Present Value of Terminal Value (PVTV) = TV / (1 + r) 10 = CN¥CN¥45b ÷ ( 1 + 6.8%) 10 = CN¥23.30b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is CN¥33.22b. The last step is to then divide the equity value by the number of shares outstanding. This results in an intrinsic value estimate in the company’s reported currency of CN¥34.15. However, 1579’s primary listing is in China, and 1 share of 1579 in CNY represents 1.137 ( CNY/ HKD) share of SEHK:1579, so the intrinsic value per share in HKD is HK$38.84. Compared to the current share price of HK$40.55, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. SEHK:1579 Intrinsic value, July 1st 2019 Important assumptions The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the 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 Yihai International Holding 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 6.8%, which is based on a levered beta of 0.800. 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. Next Steps: Valuation is only one side of the coin in terms of building your investment thesis, and it 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. For Yihai International Holding, I've compiled three important aspects you should further examine: Financial Health : Does 1579 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. Future Earnings : How does 1579'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 our free analyst growth expectation chart . Other High Quality Alternatives : Are there other high quality stocks you could be holding instead of 1579? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the HKG every day. If you want to find the calculation for other stocks just search 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 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.
Barge Movement Resumes On Mississippi, But Remains Sluggish Grain transportation came to a screeching halt for weeks after onslaughts of record flooding and round after round of severe storms slammed the nation's heartland in March. The region is finally getting enough of a break from Mother Nature to let barges resume movement up and down the Mississippi River and its tributaries, from the Midwest to the Gulf Coast. But it'll be a slow process before traffic is up to full speed. SONAR Critical Events: Flood-prone assets in the St. Louis area on July 1, 2019. Barge Progress Report River levels on the Mississippi have increased throughout the year, slowing barge traffic considerably. Levels at St. Louis have been well above-average and even above 1993 levels at times. The 1993 flood caused the Mississippi River to rise to record levels at many locations, including a 49.6-foot reading at St. Louis on August 1 of that year. On May 23, 2019, the U.S. Coast Guard, U.S. Army Corps of Engineers (USACE), and River Industry Action Committee (RIAC) representatives stopped barge traffic in the St. Louis area when the river gauge exceeded 38 feet. On June 21-22, traffic resumed when levels dropped back close to the 38-foot threshold. However, by June 23, river levels rose enough to force another closure, but most locks have been reopened in recent weeks because of better weather. The only lock still closed is the Costello Lock and Dam at Modoc, Illinois, about 40 miles south of St. Louis. A USACE representative told FreightWaves the water there has to be about five feet lower before the lock can be opened. No restrictions have been set for northbound vessels, with unrestricted daytime southbound traffic. However, southbound tows are limited to six barges at night. Barge movements are restricted to daylight-only hours on the Mississippi River at Memphis, Vicksburg and Baton Rouge. Due to extreme flooding, the Arkansas River is still closed. According to a U.S. Department of Agriculture (USDA) report on June 27, barge grain movements on the Mississippi River totaled 161,662 tons for the week ending June 22. This is a 51 percent decrease from the previous week and 85 percent lower than the same period last year. A total of 14,191 barges of grain have been unloaded at ports on the lower Mississippi River so far this year, 17 percent below the three-year average. Year-to-date tonnages of down-bound grain on the Upper Mississippi River (as measured by movements at Mississippi River Locks 27) have totaled 4.0 million tons, 67 percent less than the three-year average. However, some Mississippi River barge tonnage losses have been softened by increases in Ohio River business. Year-to-date tonnages of down-bound grain on the Ohio River (as measured by movements at Olmsted Locks and Dam) were 5.9 million tons, 27 percent higher than the three-year average. With much drier conditions in recent days, all locks have been reopened on the upper Mississippi and Illinois rivers as of June 27, according to the USACE. RIAC, an association of companies and organizations that are stakeholders in the commercial industry on the inland waterways, has established queue guidelines for tows waiting to move through previously closed portions of the river. RIAC guidelines are helping ease congestion and direct the orderly flow of traffic at locks above St. Louis. While most of the river system is reported open, some tows are still restricted by high water preventing passage under some bridges. Rail Progress Report Railroads also have dealt with poor weather and flooded tracks for the past few months. Despite these challenges, the railroads continue to make considerable progress in restoring service. As of June 24, only two segments remain out of service forUnion Pacific Railroad(NYSE:UNP), although eight subdivisions were shut down at one point. The company's June 24 customer announcement noted that flooding conditions continued to impact operations across the southern portion of its network due to high winds and heavy rain that occurred in the previous 24 hours in Arkansas, Louisiana, Missouri and Oklahoma. These outages have caused network delays due to terminal and main line congestion with trains holding in multiple locations. Company officials said customers with shipments around the affected areas can expect delays of 48 to 72 hours. This congestion will likely cause service impacts to customers even in areas not directly affected by flooding. The following subdivisions remain closed based of the June 24 report and latest outage map: • River Subdivision(Kansas City to Jefferson City, Missouri): Customers on this subdivision have been embargoed. • Sparta Subdivision(Ellis Grove to Coulterville, Illinois) SONAR ticker: RTOGR.CLASS1 BNSF Railway(NYSE:BRK.A) has resumed operations at two subdivisions, with a third expected to be restored within the week. However, two remain out of service: the Napier Subdivision in Iowa and Missouri, and the River Subdivision, extending south from St. Louis. On June 17,Kansas City Southern Railway(NYSE:KSU) restored service to its Roodhouse Subdivision, an east-west route near the town of Louisiana, Missouri. Last week, the company also quickly resumed service through the Heavener Subdivision, a north-south route between Neosho and Noel, Missouri. Year-to-date rail deliveries of grain to lower Mississippi River ports have totaled 22,780 carloads, 117 percent higher than the three-year average, indicating grain shippers have been substituting rail service for barge service. U.S. Class I railroads originated 22,425 grain carloads for the week ending June 15. This is a 6 percent increase from the previous week, 4 percent lower than this time last year, and 1 percent less than the three-year average. Rail traffic (Class 1 U.S. carloads per week) originating by grain (RTOGR.CLASS1) has rebounded nicely since major flooding began in mid-March, evident on the SONAR chart above. However, compared to this time last year volumes are still lagging a bit. Transportation and Weather Outlook The National Weather Service (NWS) is forecasting river levels to continue falling in many locations along the Mississippi and its tributaries. According to its June 21 Network Update, BNSF has been working aggressively to fill washouts and re-surface tracks. The railroad anticipates being able to reopen the River Subdivision by mid-July and restore service along the entire Napier Subdivision in late July. Union Pacific had hoped to open its River and Sparta subdivisions by the end of last week,but they remain closed. According to USDA's Agricultural Weather Highlights from today, July 1, during the next several days widely scattered showers and thunderstorms will develop across the Great Plains and Midwest. Some of the heaviest rain could fall across the northern Great Plains and upper Midwest, where five-day totals could reach two to four inches in some locations. Image Sourced by Pixabay See more from Benzinga • U.S. Senators Propose 65-mph Truck Speed Limiters • San Antonio Long-Haul Volumes Explode Prior To Fourth Of July Weekend • FreightWaves Acquires American Shipper © 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Judge gets challenge to Mississippi mental health system JACKSON, Miss. (AP) A federal judge should intervene in Mississippi's mental health care system, a U.S. Justice Department lawyer argued Monday, saying the state has moved far too slowly to provide community alternatives to mental hospitals. "They could be living in more integrated settings, but they never get the chance, because the state does not make the necessary services available, lawyer Patrick Holkins said in closing arguments following a monthlong trial. "That is not just a policy failure, but a civil rights violation." Lawyers for the state, though, told U.S. District Judge Carlton Reeves that the Justice Department had failed to prove the alleged violations of the Americans with Disabilities Act. "There was no evidence that anyone was unnecessarily institutionalized in Mississippi," Jim Shelson argued for the state. Both sides will get one more chance to argue their position in post-trial briefs due in three weeks. Then Reeves, who heard the evidence without a jury, will have to decide. The federal government catalogued a litany of alleged transgressions during the trial, including mentally ill people held in jails because crisis teams don't respond; people forced to live far from their family because services aren't available in their hometowns; and people who make repeat trips to state mental hospitals because there's no effective planning for them to transition to community services and the most intensive kinds of services aren't made available. The Justice Department argues that all these offenses are violations of the U.S. Supreme Court's 1999 Olmstead decision, which found that unjustified confinement in a mental institution is illegal. The state, though, said the Justice Department concedes that Mississippi has community-based services, but argues that they're just not good enough. The state says that's not an Olmstead violation and presents no clear standard for Reeves to rule on. Story continues "Is there any jurisprudence anywhere that describes enough?" asked lawyer Reuben Anderson. "I would say to your honor, there is no standard in law or anywhere else about enough." Shelson said Mississippi wasn't being given enough credit for what it has accomplished. He also argued that the federal government wants to impose such an expensive set of programs that it would qualify as a "fundamental alteration" of Mississippi's system, which the Olmstead decision says the federal government can't impose. The state lawyer argued that the more that the federal government demanded "the stronger the state's fundamental alteration defense," Shelson said. The Justice Department counters that Mississippi could afford more services if it filed more claims with the state-federal Medicaid insurance program, and argued that appeals courts have ruled since Olmstead that a state needs a working plan to assert a fundamental alteration defense. "No plan exists in Mississippi, much less one that's comprehensive and effectively working," Holkins said. Shelson closed by saying Mississippi just needs more time to make progress on its own. "What this case really about, your honor, is the pace of change," he said. But the federal lawyers rejected that argument, saying the state was barely moving until the trial grew near and that people are suffering unnecessarily. "Time is certainly one thing the state has already had plenty of, yet the state asks for a little more," Justice Department lawyer Regan Rush said. "Yet time is running out for the people in this case." ___ Follow Jeff Amy at: http://twitter.com/jeffamy
Estimating The Intrinsic Value Of Yihai International Holding Ltd. (HKG:1579) 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 Yihai International Holding Ltd. (HKG:1579) by estimating the company's future cash flows and discounting them to their present value. I will be using the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. Anyone interested in learning a bit more about intrinsic value should have a read of theSimply Wall St analysis model. Check out our latest analysis for Yihai International Holding We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: [{"": "Levered FCF (CN\u00a5, Millions)", "2020": "CN\u00a5589.2m", "2021": "CN\u00a5887.3m", "2022": "CN\u00a51.1b", "2023": "CN\u00a51.3b", "2024": "CN\u00a51.5b", "2025": "CN\u00a51.7b", "2026": "CN\u00a51.8b", "2027": "CN\u00a51.9b", "2028": "CN\u00a52.0b", "2029": "CN\u00a52.1b"}, {"": "Growth Rate Estimate Source", "2020": "Analyst x2", "2021": "Analyst x2", "2022": "Analyst x1", "2023": "Analyst x1", "2024": "Est @ 14.59%", "2025": "Est @ 10.82%", "2026": "Est @ 8.17%", "2027": "Est @ 6.32%", "2028": "Est @ 5.03%", "2029": "Est @ 4.12%"}, {"": "Present Value (CN\u00a5, Millions) Discounted @ 6.77%", "2020": "CN\u00a5551.8", "2021": "CN\u00a5778.3", "2022": "CN\u00a5883.1", "2023": "CN\u00a51.0k", "2024": "CN\u00a51.1k", "2025": "CN\u00a51.1k", "2026": "CN\u00a51.1k", "2027": "CN\u00a51.1k", "2028": "CN\u00a51.1k", "2029": "CN\u00a51.1k"}] ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF)= CN¥9.9b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2%. We discount the terminal cash flows to today's value at a cost of equity of 6.8%. Terminal Value (TV)= FCF2029× (1 + g) ÷ (r – g) = CN¥2.1b × (1 + 2%) ÷ (6.8% – 2%) = CN¥45b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= CN¥CN¥45b ÷ ( 1 + 6.8%)10= CN¥23.30b 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 CN¥33.22b. The last step is to then divide the equity value by the number of shares outstanding. This results in an intrinsic value estimate in the company’s reported currency of CN¥34.15. However, 1579’s primary listing is in China, and 1 share of 1579 in CNY represents 1.137 ( CNY/ HKD) share of SEHK:1579,so the intrinsic value per share in HKD is HK$38.84.Compared to the current share price of HK$40.55, the company appears around fair value at the time of writing. 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. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Yihai International Holding 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 6.8%, which is based on a levered beta of 0.800. 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. For Yihai International Holding, I've put together three fundamental factors you should further examine: 1. Financial Health: Does 1579 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 1579'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 1579? 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 HK 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.
Constellation Brands' Strong Q1 May Not Be Repeatable Constellation Brands(NYSE: STZ)brewed up another strong quarter on the back of its Corona and Modelo family of beer brands, which posted stronger-than-expected shipment volumes. Although first-quarter sales beat analyst projections, the beer distributor was weighed down by its $4 billion investment in marijuana producerCanopy Growth(NYSE: CGC), which turned a year-ago profit for Constellation into a loss. But absent Canopy's impact, Constellation earnings blew past Wall Street's profit forecast, posting earnings of $2.21 per share versus the consensus estimate of $2.07 per share. With its beer still on a solid growth trajectory and its wine and spirits business ready to capitalize on the continued premiumization trend, Constellation Brands still seems to be on solid ground. Image source: Getty Images. Mexican imports continue to dominate the beer market. Not only did Constellation's beer segment post robust 7% depletions growth in the quarter, but its Modelo Especial beer was the entire U.S. beer industry's top market-share winner, witnessing 17% depletion growth. Depletions, which are sales to distributors and retailers, are typically considered an industry proxy for consumer demand. The strong performance is not really a surprise, as the market researchers at IRI recordedphenomenal gainsby almost all of Constellation's beer brands in May. But the beer distributor also said it is expecting shipment volumes to reverse for the remainder of the year, meaning this could be the high-water mark for the company. That slack might be picked up by Constellation's wine and spirits portfolio, though. It sold a collection oflower-end brandsto E&J Gallo Winery for $1.7 billion so it could focus almost exclusively on the premium and super-premium markets. It's a strategy rivalDiageohas been pursuingeffectively, as it also unloaded a bevy of low-end spirits last year. Although reported results are obviously down year over year because of the loss of contribution from these wines and spirits, Constellation's remaining premium portfolio delivered industry-leading depletion growth of 4%. The surprise here might be that its Svedka vodka brand saw depletions grow 6% in the quarter. Vodka has generally been one of the weaker spirits, with the Distilled Spirits Council reporting volume growth of just 1.6% in 2018. But that was not spread evenly across the price categories, as value, premium, and super-premium segments were all lower year over year, with only high-end premium gaining. That gain was an 11.4% increase, which was able to offset all the declines seen in the other categories and serves to underscore Constellation's bet in the high-end market. Cannabis-based drinks are somewhere in Constellation's future, too, should they be legalized in the U.S., but right now its investment in the space is a drag. Constellation issued full-year earnings guidance of $8.65 per share to $8.95 per share, but when you include Canopy in the mix, that drops to just $4.95 per share to $5.25 per share. The company, though, said it was keeping Canopy's impact out of its assumptions for now as it continues to evaluate how that will affect earnings. And those assumptions still see beer net sales and operating income growing 7% to 9% and wine and spirits sales falling as much as 25%, though that's because of the sale of Constellation's low-end portfolio. It anticipates the deal closing by the end of the second quarter. Constellation is still investing in the rest of its business, forecasting it will spend anywhere from $800 million to $900 million in capital expenditures, but it knows into which glass to put its lime: Some $600 million of those investments will be going into Mexican beer to expand operations. The distributor has introduced several new products, such as Corona Premier, a super-light beer, and Refresca, a flavored malt beverage tackling thehard seltzer market, which has been a major boost to the craft beer industry. Constellation Brands remains the leading beer company among a sea of rivals all watching their brands slack off and decline, but it has positioned itself to dominate wine and spirits, too. But it expects volumes to shift lower for the rest of the year, which could mean Constellation will see its stock go flat. 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 Rich Dupreyhas no position in any of the stocks mentioned. The Motley Fool recommends Constellation Brands. The Motley Fool has adisclosure policy.
China's Huawei awaits U.S. Commerce nod on resuming usage of Google Android By Kenneth Li (Reuters) - China's Huawei said on Monday it is awaiting guidance from the U.S. Department of Commerce on whether it can resume using Google's Android mobile operating system on upcoming smartphones. "We acknowledge President Trump’s comments related to Huawei over the weekend and will wait for guidance from the Department of Commerce but have nothing further to add at this time," said Tim Danks, Huawei vice president of risk management and partner relations, in response to a reporter's question about its access to the Alphabet Inc <GOOGL.O> Android operating system. Over the weekend, U.S. President Donald Trump softened his stance on the Chinese tech giant, and told G20 summit attendees that the United States will allow expanded sales of U.S. technology supplies to Huawei [HWT.UL]. But the Commerce Department has not clarified if the decision affects Huawei's access to Google's Android mobile operating system and services that are used in Huawei's smartphones. (Reporting by Kenneth Li; Editing by Lisa Shumaker)
Tesla's federal tax credit dropped, but other EVs still have the full amount To anyone dreaming of buying a Tesla electric vehicle: Your timing is terrible. Today is July 1, and for Tesla, that means $1,875 less of a federal tax credit is available for buying an electric vehicle. The federal credit started at $7,500, but then once Tesla hit 200,000 electric vehicles sold (since 2010) it started to shrink. Tesla pricing isalready confusing, but the tax incentive is pretty straightforward. Tesla hit the threshold last year and it was halved to $3,750 in the beginning of 2019. Six months later, it's half of that with $1,875 in subsidies. Other tax incentives at the state and local levels follow a different schedule, asTesla lays out on its website.Read more... More aboutTesla,Electric Vehicles,Tech,Elon Musk, andTransportation
Watch Spider-Man stars Jake Gyllenhaal, Tom Holland, and Zendaya surprise kids at children's hospital Say it all together now… awww! In perhaps the sweetest thing you’ll see on the internet today, the stars of Spider-Man: Far From Home — Jake Gyllenhaal , Tom Holland , and Zendaya — surprised the young patients at Children’s Hospital Los Angeles, and (luckily) the visit was caught on camera. In a video shared by the hospital, which can be viewed above, the trio brought high fives, autographs, back flips, selfies, and more — all while in costume. In a particularly adorable moment, one of the kids tells Holland how much he loves Spider-Man. The children were also treated to a screening and Q&A of the new film, which follows Spidey (Holland) and friends as they head to Europe for a school trip gone wrong, where they encounter new foes and meet the enigmatic Mysterio (Gyllenhaal). Marisa Tomei, Samuel L. Jackson, Jon Favreau, Cobie Smulders, Jacob Batalon, Martin Starr, and more also star in the film. Spider-Man: Far From Home hits theaters July 2. Related content: Home Boys: How Tom Holland and Jake Gyllenhaal forged their Spider-Man friendship Spider-Man director reacts to Gwyneth Paltrow forgetting she was in Homecoming Spider-Man: Far From Home stars Tom Holland and Jake Gyllenhaal sling a pose for EW’s cover shoot
Here's What Johnson Electric Holdings Limited's (HKG:179) P/E Ratio Is Telling Us 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 show how you can use Johnson Electric Holdings Limited's (HKG:179) P/E ratio to inform your assessment of the investment opportunity. Looking at earnings over the last twelve months,Johnson Electric Holdings has a P/E ratio of 6.58. That corresponds to an earnings yield of approximately 15%. Check out our latest analysis for Johnson Electric Holdings Theformula for price to earningsis: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for Johnson Electric Holdings: P/E of 6.58 = $2.14(Note: this is the share price in the reporting currency, namely, USD )÷ $0.32 (Based on the trailing twelve months to March 2019.) A higher P/E ratio means that investors are payinga higher pricefor each HK$1 of company earnings. That is not a good or a bad thingper se, but a high P/E does imply buyers are optimistic about the future. Probably the most important factor in determining what P/E a company trades on is the earnings growth. If earnings are growing quickly, then the 'E' in the equation will increase faster than it would otherwise. That means unless the share price increases, the P/E will reduce in a few years. So while a stock may look expensive based on past earnings, it could be cheap based on future earnings. Johnson Electric Holdings's earnings per share grew by -5.9% in the last twelve months. And it has bolstered its earnings per share by 6.8% per year over the last five years. The P/E ratio essentially measures market expectations of a company. We can see in the image below that the average P/E (11.7) for companies in the electrical industry is higher than Johnson Electric Holdings's P/E. Johnson Electric Holdings's P/E tells us that market participants think it will not fare as well as its peers in the same industry. While current expectations are low, the stock could be undervalued if the situation is better than the market assumes. It is arguably worth checkingif insiders are buying shares, because that might imply they believe the stock is undervalued. The 'Price' in P/E reflects the market capitalization of the company. Thus, the metric does not reflect cash or debt held by the company. 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. 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. Johnson Electric Holdings's net debt is 19% of its market cap. It would probably deserve a higher P/E ratio if it was net cash, since it would have more options for growth. Johnson Electric Holdings trades on a P/E ratio of 6.6, which is below the HK market average of 11. The company does have a little debt, and EPS is moving in the right direction. If you believe growth will continue - or even increase - then the low P/E may signify opportunity. Investors should be looking to buy stocks that the market is wrong about. If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this. So thisfreevisualization of the analyst consensus on future earningscould help you make theright decisionabout whether to buy, sell, or hold. Of courseyou might be able to find a better stock than Johnson Electric Holdings. So you may wish to see thisfreecollection of other companies that have grown earnings strongly. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
US Stock Market Overview – S&P Hit Fresh All Time High as Geopolitical Tensions Ease US stock prices surged on the open allowing the S&P 500 index to notch up a fresh all-time high on the close. Stocks were buoyed following this weekend’s G20 meeting were President Trump and President Xi of China decided on a truce. While the current tariffs will remain in place, both sides agreed to refrain from additional tariffs. Geopolitical tensions were somewhat mixed as President Trump visited North Korea in an effort to reduce tensions. Iran on the other hand announced they had produced more Uranium than expected. Oil prices rallied, but settled well off the highs of the session, as OPEC announced they would keep the current output levels. Most sectors in the S&P 500 index were higher, led by technology and financials, Utilities and Consumer Staples bucked the trend. The Institute of Supply Management reported a better than expected manufacturing figure for June. Geopolitical tensions eased in the wake of the Trump Xi meeting, which saw both sides agree to keep the status quo as it comes to tariffs. Trump also made a surprise visit to the Demilitarized Zone and became the first US President while in office to set foot in North Korea. Teams from each side will resume talks over the next few weeks. Oil prices jumped on reports that Saudi Arabia and Russia signaled their support for an extension of OPEC output cuts. The cuts would likely be extended by 6-9 months. Bank of Japan released its Q2 Tankan report. Large manufacturers came in at 7 versus expectations of 9 while small manufacturing came in at 1 versus expectations of 2. Capex is expected to rise 7.4% year over year vs. 8.1% expected. These were the weakest Tankan readings in nearly three years. The ISM manufacturing index came out at 51.7, lower than May’s 52.1 but ahead of expectations of 51.3. The number represents the share of businesses that expanded activity during the month. The report components were mixed. On a positive note employment index showed 54.5, up from the May’s 53.7, a month when nonfarm payrolls grew by just 75,000 and triggered worries of a hiring slowdown. Production also showed a sharp increase at 54,1, up from 51.3, while supplier deliveries fell to 50.7. But not everyone component was good. Inventories, which are a key component of GDP, fell to 49.1, while prices paid slumped to 47.9, a fall from 53.2 and further indication that inflation pressures remain muted despite the Federal Reserve’s decade-long effort to induce what it considers a healthy level. Also, new orders was at 50, a slide from 52.7 and indicative of worry about conditions ahead. Thisarticlewas originally posted on FX Empire • Asian Shares Lower, but Australian Market Bucks the Trend • U.S. Dollar Index Futures (DX) Technical Analysis – July 3, 2019 Forecast • European Equities: A Busy Economic Calendar Will Influence • Ethereum Analysis – Support Levels in Play – 03/07/19 • E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Low Volume, Volatility Holding Traders Hostage into Close • USD/JPY Forex Technical Analysis – July 3, 2019 Forecast
Longenesis Brings South Korean Medical Records to the Blockchain Longenesis, a Riga, Latvia-based but Hong Kong-incorporated company, is bringing medical records to the blockchain in South Korea usingBitfury’sExonum platform. Longenesis, which was formed in late 2017, provides a suite of modular blockchain solutions for medical providers, supplying everything from user interfaces for patient interaction to medical recordkeeping. But its main focus has become medical-consent technologies. With its platform, every step of the process is linked, verifiable and auditable. The patient agrees to specified care or participation in a study or a trial. They can withdraw that agreement, while the medical provider can offer to extend, modify or amend the agreement. Related:‘All Time Lows’ by Lil Bubble Captures Spirit as Altcoins Fail to Pace Bitcoin According to the company, it will be providing its medical-consent platform-as-a-service to Hanshin Medipia Medical Center and Infinity Care. That brings to four the number of business relationships it has in South Korea, currently the company’s primary market of focus.t The key, said Denis Bazinov, Longenesis project manager, is the way in which the system works with pharmaceutical companies and research institutions. They can peruse the anonymous metadata to see what information might be available. They can then offer to the owner of the data—the patient—the opportunity to participate trials or studies or release their existing information to be used in the evaluation of a medicine or procedure. Bazinov said this is very different from current normal operating procedures. In most cases, consent is handled by using paper forms, and the system for renewing, updating and altering consent is haphazard and inconsistent. Once the data is collected, it is traded in an OTC-like manner, with researchers paying for bulk deliveries of information that may not be reliable or properly collected. “What our platform offers is a transparent chain from the patient through to the hospital,” Bazinov said. “Our desire is to make more information available to the researchers, who now face problems of quantity and quality.” Related:Blockchains.com Founder Buys Community Bank to Finance Crypto Dreams Hanshin Medipia, located in Seocho, Seoul, specializes in testing and health checkups. Infinity Care is the developer of a healthcare algorithm. Longenesis is already active in South Korea and has two previous transactions in the market. In April, it signed an agreement with Incheon-based Gil Medical Center to develop a blockchain solution for medical-data management. The other relationship is with Korea’s Terragene. The solution being provided by Longenesis utilizes Bitfury’s Exonum, a framework for decentralized blockchain applications. According to Bitfury, the platform is highly secure, transparent and auditable, written using the Rust programing language. Longenesis has the exclusive license for the use of Exonum in the medical field. The company notes that the product is Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR) compliant, so it meets both US and EU standards. Insilicowas founded in 2014 and has raised a total of $14.3 million, according to Crunchbase.Bitfury, a blockchain company, has raised a total of $170 million over a number of funding rounds. Investors include Macquarie Capital. At the end of 2018, valuation was estimated at more than $1 billion. Bitfury, which is considering an initial public offering this year, already has significant relationships with South Korean partners. Earlier this year, it established Bitcoin mining operations in Paraguay with Commons Foundation, a Seoul-based group. Korelya Capital, which is based in Paris and connected with South Korea’s Naver, was an investor in an $80 million Bitfury funding round late last year. Image via Shutterstock. • JPMorgan CEO Dimon Says Crypto Companies ‘Want to Eat Our Lunch’ • Trump Administration in Talks With Crypto Startup on Israeli–Palestinian Peace Plans
Climate change: UK calls for banks to go green Climate change activist from the Extinction Rebellion outside the Bank of England on 25 April. Photo: Mike Kemp/In Pictures via Getty Images The UK government on Tuesday launched a landmark “Green Finance Strategy” aimed at making efforts to fight climate change a key priority for the City of London. City minister John Glen will today tell financiers that he wants London to become a hub for green financing and investment globally. “The City has a vital role to play in securing a greener future for us all,” Glen will say. “By investing more in sustainable projects it can not only protect our environment, but also help establish London as the pre-eminent international centre for green finance.” The speech will be delivered at the third Green Finance Summit in London and coincides with the launch of the government’s first Green Finance Strategy. The new strategy includes setting up a new Green Finance Institute to coordinate public and private sustainability activity, establishing a new £5m green home finance fund, and mandating that financial regulators and watchdogs take climate change into account when assessing businesses. READ MORE: May sets 'net zero' carbon emission target as she eyes a Downing Street legacy Companies will also have to start disclosing their climate change risk by 2022, although the government will consult on how exactly the enforce this. “Today’s Green Finance Strategy will support this ambition,” Glen will say, “with new initiatives to boost funding for green ventures and ensure the environment is at the centre of all financial decision-making.” Lloyds ( LLOY.L ) chief executive António Horta-Osório publicly threw his weight behind the push, saying in a statement: “A good investment shouldn’t be at the expense of our planet. “That’s why we are building on our pledge to help Britain prosper, by supporting the transition to a low carbon economy and working in partnership to make homes, vehicles, businesses, pensions and investments, loans and insurance more sustainable.” Carbon neutral by 2050 City Minister John Glen. Photo: Hannah McKay/Reuters The action plan follows a landmark pledge from the government to make the UK completely carbon neutral economy by 2050. Story continues Sir Roger Gifford, chair of the new Green Finance Institute, said in a statement: “Considerable investment will be required to enable this and London is uniquely positioned as a global centre for environmental finance. “The new Green Finance Institute will play an important role in catalysing this transition both in the UK and overseas." READ MORE: May's net-zero emission plan could cost £50bn a year — but might just work The UK already has a fledgling reputation for green finance: 16 countries have issued over 100 green bonds in London, raising $16bn. However, the government hopes to grow this niche sector into the engine room of future growth. Transitioning to a carbon neutral economy will cost an estimated £50bn a year in the UK alone and could cost as much as $90trn across the G20 by 2030. As well as vital for the environment, these investments could turn into lucrative business for banks and investment companies in the UK. ‘Unprecedented challenges’ Governor of the Bank of England Mark Carney has backed the green finance push. Photo: Simon Dawson/PA Images via Getty Images The green push coincides with a similar call from the Bank of England for finance to go green. The Bank of England has pledged to “lead by example by increasing transparency over the Bank’s exposure to climate risks and approach to managing them.” The central bank will also begin climate stress tests in 2021. It will examine how banks would cope with climate risks such as the banning of carbon-based fuels or increased flooding in certain areas. “Some business models will become obsolete and, in anticipation of this, valuations will be reappraised,” the Bank of England wrote in a recent report. READ MORE: Mark Carney vows to reinvent Bank of England for 'fourth industrial revolution' Andrew Bailey, the CEO of the Financial Conduct Authority, warned on Tuesday that the transition to a low-carbon economy would pose “unprecedented challenges” for companies. Sam Woods, CEO of the Prudential Regulation Authority, said: “Climate change has the potential to create significant financial risks for the firms the PRA regulates. “The challenge we face in mitigating these risks is unprecedented, and we need to begin to act now if we are to ensure an orderly transition to a carbon-neutral economy.” Sir Win Bischoff, chair of the Financial Reporting Council, said in a statement: “The effect of climate change on society and business is one of the defining issues of our time. As well as reporting on their impact on the environment, public companies and their Boards should address the impact of climate change on their business.” ———— Oscar Williams-Grut covers banking, fintech, and finance for Yahoo Finance UK. Follow him on Twitter at @OscarWGrut . Read more: Woodford's frozen £3.7bn fund could be unlocked on Monday Shake-up at money manager Neil Woodford's business after fund freeze Build more nuclear plants to reach green goals, government told Funds like Woodford 'built on a lie' and 'fundamental questions' ignored Bank of England's Carney has 'full confidence' in Fed's independence
Funding Circle profit warning as Brexit hits small firms Close-up of logo for peer-to-peer lending company Funding Circle on paper. Photo: Smith Collection/Gado/Getty Images Small business lender Funding Circle ( FCH.L ) released a profit warning the same day a leading trade body said small firms are putting off investing due to Brexit uncertainty. Funding Circle said on Tuesday that economic uncertainty is hitting demand for small business loans. “The uncertain economic environment has reduced demand from small businesses and led us to proactively tighten lending criteria,” Samir Desai, chief executive and co-founder of Funding Circle, said. Tuesday’s warning came as the Federation of Small Business (FSB) said small firms are struggling to expand. The scale of Brexit uncertainty makes it “impossible” to invest in the future, according to the FSB. More than seven in 10 firms said they did not expect to raise capital spending in the next quarter, the FSB said. That was the highest figure in two years. The FSB said the current standstill over Britain’s path to Brexit has left small firms “hamstrung” and struggling to expand, hire, and increase productivity. The FSB survey also suggests growing caution among lenders. More than four in 10 of the FSB’s member firms said new credit was “unaffordable,” the highest level in more than four years. Funding Circle is tightening its lending criteria in response to the lending slowdown, the company said. As a result of the lending slowdown and tightening of criteria, Funding Circle said full-year growth is now set to be around 20%, against a previous guidance of 40% growth. Shares in Funding Circle fell by 25% at the open in London but have since recovered. Funding Circle is down 16% to 139.40p at 9.55am UK time. READ MORE: Pound slides as UK manufacturing hits six-year low “It’s impossible for small business owners to invest for the future when we don’t know what the future holds,” Mike Cherry, national chair of the FSB, said in a statement. “Lifting productivity among the smaller firms that make-up 99% of our business community is a must. But until we have the political certainty that enables us to take risks and innovate, achieving that goal will remain elusive.” Story continues A Brexit campaigner outside parliament. Photo: Press Association Cherry took aim at Conservative leadership rivals Boris Johnson and Jeremy Hunt, who have talked up their willingness to lead Britain out of the EU without a deal. "We urgently need to see both prime ministerial candidates spell out their plans for supporting small firms and securing a pro-business Brexit — one that encompasses a comprehensive deal and a substantial transition period,” he said. READ MORE: Jeremy Hunt plans £6bn no-deal Brexit war chest “Fast and loose talk about accepting a chaotic no-deal Brexit in four months’ time is not helpful.” Cherry said it was “understandable” lenders are more cautious, suggesting they are continuing to offer credit but upping premiums to cover perceived increases in risk.
Pride: UK has LGBT+ pay gap, LinkedIn survey finds A parade goer holds a giant rainbow flag at the annual Pride Parade on Sunday in New York. Photo: Erin Lefevre/NurPhoto via Getty LGBT+ staff face pay discrimination in the UK, according to a new survey. LinkedIn and UK Black Pride found that LGBT+ workers in the UK earn on average £6,703 less than straight colleagues. The shortfall is equivalent to a pay gap of 16% — almost double the UK pay gap between men and women of 9.6%. “Although we have seen progress in the workplace for LGBT+ people, it is clear that there are still substantial issues which can make it difficult for individuals to thrive professionally as their authentic selves,” Suki Sandhu OBE, CEO and founder of includisivity campaign group INvolve, said in a statement. “LGBT+ people are at all levels of a business, whether they’re out or not, so it’s crucial to have inclusive environments.” The research found the pay gap was slightly less for transgender staff but still stood at 14%, or £5,340 on average. The data was based on a YouGov survey of 4,000 people who identified as being straight, gay, bisexual or other. The research, released to coincide with Pride month, found that 65% of people believe their workplace is doing enough to support LGBT+ colleagues. However, 44% of transgender staff said that their employers should be doing more to promote inclusive workplaces. READ MORE: Diversity champion Suki Sandhu on how to build inclusive businesses The pay discrimination numbers will likely be seized upon by critics who have accused companies of turning Pride into a “branded holiday” at the expense of promoting real progress for LGBT+ people. Gay rights campaigner Peter Tatchell told Sky News that Pride is being “swallowed up by corporate commercialisation” and an alternative Pride march took place in New York over the weekend to protest “corporations taking over Pride,” one marcher told Reuters. Corporate sponsors of this year’s London pride parade include Barclays, Facebook, Amazon, PwC, and Tesco. “While a significant number of UK workers feel that their employer is supportive and inclusive of LGBT+ colleagues, our research shows there is still a long way to go,” Joshua Graff, UK Country Manager at LinkedIn, said in a statement. “It is important that businesses build on the steps that many have already taken to create more inclusive environments – places where people can bring their true, authentic selves to work.”
Leafs acquire Tyson Barrie, Alex Kerfoot for Nazem Kadri, Calle Rosen The Toronto Maple Leafs have acquired Tyson Barrie, Alex Kerfoot and a 2020 sixth-round pick from the Colorado Avalanche in exchange for Nazem Kadri, Calle Rosen, and a 2020 third-round pick. The Avalanche are retaining 50% of Barrie’s $5.5 million cap hit as part of the deal. Barrie is coming off the most productive season of his career, notching 14 goals and 59 points, adding a goal and eight points during the playoffs for the Avalanche. He is another elusive top-four defenceman the Maple Leafs have been in search of, and could ease Morgan Rielly and Jake Muzzin’s workload entering the 2019-20 season. “I can't wait to get there and try to win a Stanley Cup with these guys,” Barrie told reporters during his media availability Monday. Tyson Barrie calls the Leafs’ offence “probably second to none.” — Justin Cuthbert (@jccuthbert) July 2, 2019 Kerfoot scored 15 goals and 42 points last season and will likely be slotted into the space vacated by Kadri in the trade. The 24-year-old is a defensive specialist with some playmaking upside and provides the Maple Leafs forward corps with another young player who is still entering their prime. "I don’t know if there’s any place in the league better to be traded to right now than Toronto." Welcome to Leafs Nation, Alex! #LeafsForever pic.twitter.com/oPXvHP9HSK — Toronto Maple Leafs (@MapleLeafs) July 2, 2019 Here is how the salary components break down for both teams. The #Leafs acquire Tyson Barrie, Kerfoot & '20 6th from #GoAvsGo for Nazem Kadri, Rosen & '20 3rd. Barrie: Yr 4/4 $5.5M Cap Hit (50% retained) - UFA Kerfoot RFA Kadri: Yr 4/6 $4.5M Cap Hit Rosen: Yr 1/2 $750K Cap Hit - UFA #Leafs Net -$2.5M Cap Hit https://t.co/eNk8QFINt5 — PuckPedia (@PuckPedia) July 1, 2019 Kyle Dubas says Nazem Kadri’s contributions with the Leafs were “massive.” Says the team will miss his personality, presence in the room, competitiveness and talent. Postseason behaviour did not play into the decision, he says. — Justin Cuthbert (@jccuthbert) July 2, 2019 It’s a bittersweet ending to Kadri’s career in Toronto, with his last moment in the white-and-blue leading to a series-long suspension during the first round of the playoffs against the Boston Bruins. Kadri cross-checked Bruins forward Jake DeBrusk in the face and was sanctioned by the league office. Story continues TSN’s Pierre LeBrun reported that the Avalanche weren’t part of the 10-team no trade list Kadri submitted to the Maple Leafs. Kadri had spent his entire career with the Maple Leafs after being selected in the first round (7th overall) of the 2009 NHL Draft. The veteran forward scored 16 goals and 44 points during the 2018-19 season and scored 32 goals in each of the previous two years. Rosen played sparingly for the Maple Leafs, suiting up in four games during the 2018-19 season, and will now be afforded an opportunity to get more minutes with the Avalanche. More NHL coverage from Yahoo Sports
Is CITIC Telecom International Holdings Limited (HKG:1883) A Financially Sound Company? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Investors are always looking for growth in small-cap stocks like CITIC Telecom International Holdings Limited (HKG:1883), with a market cap of HK$11b. However, an important fact which most ignore is: how financially healthy is the business? Assessing first and foremost the financial health is essential, since poor capital management may bring about bankruptcies, which occur at a higher rate for small-caps. The following basic checks can help you get a picture of the company's balance sheet strength. However, these checks don't give you a full picture, so I recommend youdig deeper yourself into 1883 here. Over the past year, 1883 has reduced its debt from HK$7.8b to HK$6.9b – this includes long-term debt. With this debt repayment, 1883's cash and short-term investments stands at HK$1.0b to keep the business going. Moreover, 1883 has generated cash from operations of HK$1.8b during the same period of time, leading to an operating cash to total debt ratio of 26%, meaning that 1883’s operating cash is sufficient to cover its debt. At the current liabilities level of HK$2.1b, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.42x. The current ratio is the number you get when you divide current assets by current liabilities. For Telecom companies, this ratio is within a sensible range since there is a bit of a cash buffer without leaving too much capital in a low-return environment. 1883 is a relatively highly levered company with a debt-to-equity of 77%. 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 test if 1883’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 1883, the ratio of 4.57x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving 1883 ample headroom to grow its debt facilities. 1883’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow. This may mean this is an optimal capital structure for the business, given that it is also meeting its short-term commitment. This is only a rough assessment of financial health, and I'm sure 1883 has company-specific issues impacting its capital structure decisions. I recommend you continue to research CITIC Telecom International Holdings to get a more holistic view of the small-cap by looking at: 1. Future Outlook: What are well-informed industry analysts predicting for 1883’s future growth? Take a look at ourfree research report of analyst consensusfor 1883’s outlook. 2. Valuation: What is 1883 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 1883 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.
Man claims discrimination in lawsuit filed over breakfast MOUNT HOLLY, N.C. (AP) — A North Carolina man has filed a handwritten lawsuit against a fast food chain, saying he was discriminated against because he had too few hash browns with his breakfast order. The Gaston Gazette reports that Tommy Martin of Mount Holly filed his lawsuit last Monday in U.S. District Court in Charlotte. Martin claims that because he is black, he got fewer hash browns than is typically served with Hardee's breakfast platter. He said a cashier tried to correct the situation before a manager intervened and eventually refunded the purchase. Martin called local police over the May 30, 2018, incident. He said his civil rights were violated and the slight created a fear of food. Representatives from Hardee's didn't immediately respond to an email seeking comment Monday.
Glitches snarl start of California's ammo background checks SACRAMENTO, Calif. (AP) California's new ammunition background check law began Monday not with a bang but with a whimper from dealers who reported delays and glitches with the state's online system. But they said few customers were affected because most had stockpiled bullets or shotgun shells in the weeks before the new law took effect. Voters in 2016 approved requiring criminal background checks for every ammunition purchase. But the state's latest attempt to deter gun violence only took effect Monday. Vendors the length of California were frustrated by online snags including their inability to readily log in to the new system that is supposed to let them background-check customers with the state, though some put it down to a predicable learning curve. Chuck Michel, an attorney for the National Rifle Association and the affiliated California Rifle & Pistol Association, said he will soon cite the glitches in seeking an injunction to block the law. The California affiliate sued last year, maintaining that the new law violates the Second Amendment right to bear arms, impedes interstate commerce and is pre-empted by federal law. "I've had one customer, and I had to turn them away because I couldn't get into the system," Don Reed, owner of DGS Ammo & Airguns in Sacramento, said at midmorning. "He seemed a little bit perturbed. ... There's a lot of people feel like they're being held hostage suddenly punishing the people who've been doing it the right way." He was reading through dozens of pages online as he tried to log in, but he groused that "it would take a Philadelphia lawyer to figure it out." Officials with the state Department of Justice, which administers the program, did not respond to repeated telephone and email requests for comment. The department said in a news release that it had sent vendors regulations and instructions on how to comply. "The eligibility checks ensure purchasers are not prohibited from owning or possessing ammunition due to a felony and/or violent misdemeanor conviction or warrant, domestic violence restraining order, or mental health issue," the department said. The state system is supposed to crosscheck one database of people who already cleared background checks when they bought guns in California with a second database of those who bought guns legally but are no longer allowed to own them. The process should take about two minutes, the department said Monday. Customers pay $1 for the check. Those who pass get their ammo after clerks record the brand, type and amount of ammunition. Story continues "So far it doesn't work at all. My system doesn't let me access it," said Steve Converse, a longtime clerk at Ade's Gun Shop in Orange, 30 miles southeast of Los Angeles. Scott Emmett, the manager of the Ammo Bros store in San Diego, said the system was down for the first 45 minutes. "I sat on the phone for about 40 minutes and no one answered" at the Department of Justice, he said after hanging up in frustration. Emmett had a single customer by midmorning whose transaction took about 10 minutes instead of the couple minutes it would previously have taken to run a credit card. "I can't believe the amount of paper it wastes," he said. "This one transaction for two types of ammo was almost eight pages long." Andrew Hackett, manager of Nice Shot, an indoor shooting range in Redding, 160 miles north of Sacramento, said he would have to turn away customers because he'd had no guidance on how to log into the state system. Customers are allowed to buy ammunition to shoot at his range they just can't take any home without a background check. One of the clerks at OC Guns in Lake Forest, 45 miles southeast of Los Angeles, bought a box of ammunition just to see if it could be done. "Confusing," said store owner Scott Bodkin. "Just a learning curve. We'll get through it." Scott Dipman, vice president at Coyote Point Armory in Burlingame, 16 miles south of San Francisco, was frustrated with the online ammunition reporting forms. "I have thousands of items that I'm going to have to manually type into the system," he said. "There's a learning curve for us to figure out what that the new procedure is, and unfortunately the state didn't give us any peek into what was going on." View comments
ErisX obtains derivatives clearing license from CFTC ErisX obtained a derivatives clearing organization license (DCO) today, allowing the exchange's upcoming clearinghouse to clear digital asset futures contracts, according to a statement from the company. Those contracts will be traded on its derivatives market, which is also slated for launch later this year. The Commodity Futures Trading Commission (CFTC), which regulates futures markets in the states, granted the DCO license under the Commodity Exchange Act (CEA). The planned clearinghouse will comply with the CEA's 17 core principles, which include risk management mechanisms among other procedures for member and fund protection. Thomas Chippas, Chief Executive Officer of ErisX, said the exchange separated trading and settlement by having both traditional DCM, or exchange, as well as DCO, or clearing model. This structure could widen the customer base since it's a model used in other asset classes, according to Chippas. “This reflects the structure that institutional investors expect from other asset classes and will help drive these markets toward greater relevance and accessibility," he said. As of now, Chippas said spot volumes are building. He also told The Block that the company has lined up several "large" intermediaries partners, namely TDAmeritrade, Trade Station and Fidelity. The company obtained its DCO license afterLedgerX snagged a DCM licenselast week, bolstering its efforts to also deliver a futures market to the U.S. With ErisX' new DCO license, both companies now have DCM and DCO licenses in preparation for their coming futures ventures.
4 Oil Stocks to Consider Amid OPEC Uncertainty In a meeting on Monday, July 1, OPEC agreed to extend current oil production cuts into the first quarter of 2020. Production cuts are meant to keep oil prices at optimal levels by keeping supply down. OPEC countries will withhold 1.8 million barrels a day from the market as part of the cuts. Oil companies outside of OPEC do not have to comply with these restrictions. Therefore, they may keep production at maximum levels and benefit from OPEC production cuts that help lift global prices. Global Turmoil Complicating the effect of this deal, is OPEC member Iran’s decision to violate an accord that limits production of enriched uranium. This led the U.S. to re-impose sanctions preventing all business dealings with Iran, which is OPEC’s third largest oil producer. These actions have increased tensions in the Middle East significantly, adding risk to supply stability, which pushes prices higher. Prices could continue to jump if tensions in the region escalate in the coming weeks. And heightened pressure on Iran is likely to help U.S. producers. However, the EU has managed to get around U.S. sanctions on Iran. A special vehicle for trade has been set up called INSTEX. This is essentially a non-currency trade vehicle that balances trade between the EU and Iran and thereby does not violate the sanctions. Meanwhile, as with everything else in the global economy, the oil market got a boost from the easing of trade tensions between the U.S. and China at the G-20. The world’s two largest economies back at the table for trade negotiations is good for demand, and therefore prices went higher. If an agreement can be reached, demand and prices will likely jump again. How to Capitalize The outlook on oil prices looks favorable for non-OPEC producers in the near- to mid- term, so here are four stocks that could jump up with oil prices. These stocks have all performed better than the industry YTD and have other attractive financial metrics. All four of these stocks are Zacks Rank #3 (Hold) at the moment, due to little earnings revision activity. Despite this fact, these stocks still look promising amid the global oil price uncertainty. 1. Exxon Mobil Corporation XOM The largest American oil company, with a market cap of $324.23 billion, has outperformed its industry by 4.5% this year. Exxon also has a dividend yield of 4.54% at the moment. Our current Zacks Consensus Estimate calls for XOM’s earnings to shrink by 25.3% this year. Exxon’s EPS figure is then projected to rebound in 2020, with earnings expected to surge 38.77% above our current-year estimate. Story continues 2. Chevron Corporation CVX Chevron is a large oil company with a market cap of $237 billion and is headquartered in San Ramon, California. This year, Chevron’s earnings are expected to fall by 6.91%, but are expected to rebound with a 22.15% increase in the following fiscal year. CVX has outperformed the industry by 6.5% YTD and has the lowest market beta among these four stocks, meaning it fluctuates less with the market than these other choices. 3. Royal Dutch Shell PLC RDS.A Royal Dutch Shell is largest publicly traded oil company in the world and the fifth largest company in the world. The firm is a vertically integrated oil producer headquartered in the Netherlands and incorporated in Britain. RDS.A is trading at a slight discount compared to the industry, with a forward P/E of 11.25. It is also the only among these stocks with positive projected earnings growth for this fiscal year at 5.81%. 4. BP p.l.c BP BP is sixth largest oil company in the world and is headquartered in London. BP is up 10% YTD and has a dividend yield of 5.85%. Its earnings are projected to shrink in this year, like the rest of the industry. Looking ahead, BP is projected to grow its earnings next year 1% more than its industry’s average and 12% more than the market. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Click to get this free report Royal Dutch Shell PLC (RDS.A) : Free Stock Analysis Report BP p.l.c. (BP) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research View comments
Can Sinosoft Technology Group Limited (HKG:1297) Maintain Its Strong Returns? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. To keep the lesson grounded in practicality, we'll use ROE to better understand Sinosoft Technology Group Limited (HKG:1297). Over the last twelve monthsSinosoft Technology Group has recorded a ROE of 17%. One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.17 in profit. View our latest analysis for Sinosoft Technology Group Theformula for return on equityis: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Sinosoft Technology Group: 17% = CN¥236m ÷ CN¥1.4b (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. It is all earnings retained by the company, plus any capital paid in by shareholders. Shareholders' equity can be calculated by subtracting the total liabilities of the company from the total assets of the company. ROE looks at the amount a company earns relative to the money it has kept within the business. The 'return' is the yearly profit. That means that the higher the ROE, the more profitable the company is. So, all else equal,investors should like a high ROE. That means it can be interesting to compare the ROE of different companies. By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. As you can see in the graphic below, Sinosoft Technology Group has a higher ROE than the average (7.9%) in the Software industry. That's what I like to see. In my book, a high ROE almost always warrants a closer look. 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 case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking. Although Sinosoft Technology Group does use a little debt, its debt to equity ratio of just 0.037 is very low. The combination of modest debt and a very respectable ROE suggests this is a business worth watching. 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. All else being equal, a higher ROE is better. But when a business is high quality, the market often bids it up to a price that reflects this. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So you might want to check this FREEvisualization of 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.
Grand jury indicts woman for Las Vegas manicurist's death LAS VEGAS (AP) A grand jury has indicted a 21-year-old woman on charges of murder, robbery and other crimes after she was accused of skipping out on a $35 manicure and running over a salon worker with her car. Timothy Treffinger, an attorney for Krystal Whipple, did not immediately respond to an emailed message seeking comment Monday on the indictment. The indictment, filed in Nevada court on Friday, charges Whipple four felonies in the death of Ngoc Q. Nguyen, 51, of Garden Grove, California. Police say Whipple tried to pay for her Dec. 29, 2018, manicure with a fraudulent credit card before telling Nguyen that she was going to her car to get cash, then drove away. Nguyen tried to stop the car but was run over and killed. Whipple has been held without bail at the Clark County jail in Las Vegas since Jan. 18 following her arrest Friday Jan. 11 in the Phoenix suburb of Glendale, Arizona. She is scheduled to be arraigned on the charges on July 16. The case sparked intense national interest after police released an internet plea for help identifying Whipple and showing parking lot security video of a woman leaving the nail salon. Police say Whipple tried to pay for her manicure with a fraudulent credit card, told Nguyen that she was going to her car to get cash, and then drove away. Nguyen went to the front of the car and a man who police identified as Nguyen's husband was seen in the security footage holding onto the vehicle from behind as the car accelerated out of a Las Vegas shopping center parking lot. Police say the car was a rental that had been stolen. It was later found abandoned at an apartment complex. Whipple has a criminal record in Las Vegas including a conviction in 2017 for attempted possession of a stolen vehicle. Clark County District Court records said she was sentenced to four months in jail for violating probation in that case.
Here's How P/E Ratios Can Help Us Understand Sinosoft Technology Group Limited (HKG:1297) 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 Sinosoft Technology Group Limited's (HKG:1297) P/E ratio to inform your assessment of the investment opportunity.Sinosoft Technology Group has a P/E ratio of 10.32, based on the last twelve months. That means that at current prices, buyers pay HK$10.32 for every HK$1 in trailing yearly profits. View our latest analysis for Sinosoft Technology Group Theformula for P/Eis: Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) Or for Sinosoft Technology Group: P/E of 10.32 = CN¥1.99(Note: this is the share price in the reporting currency, namely, CNY )÷ CN¥0.19 (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.' Generally speaking the rate of earnings growth has a profound impact on a company's P/E multiple. If earnings are growing quickly, then the 'E' in the equation will increase faster than it would otherwise. That means even if the current P/E is high, it will reduce over time if the share price stays flat. So while a stock may look expensive based on past earnings, it could be cheap based on future earnings. Sinosoft Technology Group's earnings per share grew by -3.9% in the last twelve months. And its annual EPS growth rate over 5 years is 15%. The P/E ratio essentially measures market expectations of a company. We can see in the image below that the average P/E (13.1) for companies in the software industry is higher than Sinosoft Technology Group's P/E. This suggests that market participants think Sinosoft Technology Group will underperform other companies in its industry. Since the market seems unimpressed with Sinosoft Technology Group, it's quite possible it could surprise on the upside. If you consider the stock interesting, further research is recommended. For example, I often monitordirector buying and selling. It's important to note that the P/E ratio considers the market capitalization, not the enterprise value. In other words, it does not consider any debt or cash that the company may have on the balance sheet. Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings. Such spending might be good or bad, overall, but the key point here is that you need to look at debt to understand the P/E ratio in context. The extra options and safety that comes with Sinosoft Technology Group's CN¥146m net cash position means that it deserves a higher P/E than it would if it had a lot of net debt. Sinosoft Technology Group has a P/E of 10.3. That's around the same as the average in the HK market, which is 11. EPS was up modestly better over the last twelve months. Also positive, the relatively strong balance sheet will allow for investment in growth. If this occurs the current P/E might prove to signify undervaluation. Investors have an opportunity when market expectations about a stock are wrong. If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this. So thisfreevisual report on analyst forecastscould hold the key to an excellent investment decision. You might be able to find a better buy than Sinosoft Technology Group. 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.
Kunlun Energy Company Limited (HKG:135): Is It A Good 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! Kunlun Energy Company Limited's ( HKG:135 ) most recent earnings announcement in April 2019 confirmed that the business endured a slight headwind with earnings declining from CN¥4.8b to CN¥4.6b, a change of -2.6%. Below, I've laid out key growth figures on how market analysts perceive Kunlun Energy's earnings growth outlook over the next few years and whether the future looks brighter. Note that I will be looking at net income excluding extraordinary items to get a better understanding of the underlying drivers of earnings. Check out our latest analysis for Kunlun Energy Market analysts' prospects for the coming year seems positive, with earnings growing by a robust 43%. This growth seems to continue into the following year with rates arriving at double digit 65% compared to today’s earnings, and finally hitting CN¥7.9b by 2022. SEHK:135 Past and Future Earnings, July 1st 2019 While it’s useful to be aware of the growth rate year by year relative to today’s figure, it may be more insightful to evaluate the rate at which the earnings are growing every year, on average. The benefit of this technique is that we can get a bigger picture of the direction of Kunlun Energy's earnings trajectory over the long run, irrespective of near term fluctuations, which may be more relevant for long term investors. To calculate this rate, I've appended a line of best fit through the forecasted earnings by market analysts. The slope of this line is the rate of earnings growth, which in this case is 13%. This means that, we can anticipate Kunlun Energy will grow its earnings by 13% every year for the next couple of years. Next Steps: For Kunlun Energy, 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 135 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 135 is currently mispriced by the market. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of 135? 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.
Halo Top high-protein, low-calorie milkshakes are headed to 1,000 Subway restaurants Subway says it's "shaking things up" with a new way to stay cool this summer. The sandwich chainannounced on Monday that it partnered with the light dessert companyHalo Top Creameryto bring low-calorie milkshakes to 1,000 of its U.S. stores for a limited time only. Starting July 22, the day afterNational Ice Cream Day, participating restaurants will have shakes in three classic flavors: vanilla bean, chocolate and strawberry. The 16-ounce shakes each have at least 20 grams of protein, according to Halo Top. If you want a "hand-spun" dessert, the 350-calories-or-less snack will be available in the following six test markets through Sept. 4: Colorado Springs, Colorado; Hartford, Connecticut; Longview and Tyler, Texas; Salt Lake City; Toledo, Ohio; and West Palm Beach, Florida. July deals:How and where to get free food – from chicken to ice cream – plus discounts July Fourth:Vegan, gluten-free options grow for Independence Day barbecues "We are passionate about creating delicious new menu items for our guests that can't be found anywhere else," said Len Van Popering, Subway's chief brand and innovation officer, ina statement. "We share Halo Top's values that taste does not need to be sacrificed to create better-for-you options." Halo Top started the trend ofhigh-protein, lower calorie ice creamin 2012. Pints have 280 to 360 calories and pack 20 grams of protein. Subway is the first brand to feature Halo Top in milkshake form. The initial rollout is just a test, so you may see the Halo Top desserts pop up in more stores in the future. "We are excited to bring this popular brand to our guests in a never-before-seen way that we know they will love," Van Popering said. Follow Dalvin Brown on Twitter: @Dalvin_Brown. This article originally appeared on USA TODAY:Halo Top high-protein, low-calorie milkshakes are headed to 1,000 Subway restaurants
Prosecutor tells jury to use SEAL's own words to convict him SAN DIEGO (AP) — A Navy SEAL murdered a wounded war prisoner in Iraq in 2017 and the proof is his own words, his own photos and the testimony of his fellow troops, a military prosecutor told a jury Monday, while defense lawyers called it a "mutiny" by entitled, junior SEALs trying to oust a demanding chief. The case of Special Operations Chief Edward Gallagher, a Bronze Star recipient, is now in the hands of a jury of five Marines and two sailors, including a SEAL, many of whom had been in heavy combat in Iraq. Both sides told jurors that witnesses had lied on the stand and it was their duty to push through the evidence to find the truth. The panel will weigh whether Gallagher, a 19-year veteran on his eighth deployment, went off the rails and fatally stabbed the war prisoner on May 3, 2017, as a kind of trophy kill, or was the victim of allegations fabricated after the platoon returned to San Diego to stop him from getting a Silver Star and being promoted. The two-week trial included the testimonies of nearly a dozen SEALs, including Special Operator Corey Scott, a medic like Gallagher, who told the court that he saw the chief stab the Islamic State militant in the neck but stunned the court when he said he was the one who ultimately killed the prisoner by plugging his breathing tube with his thumb as an act of mercy. Seven SEALs said Gallagher unexpectedly stabbed the prisoner, moments after he and the other medics treated the detainee. Two, including Scott, testified they saw Gallagher plunge his knife into the prisoner's neck. Under the military justice system, the prosecution needs two-thirds of the jury, or in this case five jurors, to agree to a guilty verdict to convict or they must acquit him. They can also convict him of lesser charges, such as attempted murder. Navy Cmdr. Jeff Pietrzyk said in closing arguments that text messages by Gallagher show he is guilty. One message said: "I've got a cool story for you when I get back. I've got my knife skills on." Another text stated: "Good story behind this. Got him with my hunting knife." Story continues He then showed a photo of the dead prisoner with Gallagher holding up his head by the hair. "The government's evidence in this case is Chief Gallagher's words, Chief Gallagher's pictures, Chief Gallagher's SEALs," Pietrzyk said. The prosecutor said the witness who changed his story and claimed to have killed the prisoner himself was lying to protect Gallagher. He acknowledged that the victim — a 17-year-old Islamic State fighter wounded in an airstrike — is not sympathetic. "Before the air strike, he would have done anything in his power to kill an American," Pietrzyk said, but he said the care of war prisoners is what sets U.S. forces apart. "We're not ISIS. When we capture someone and they're out of the fight, that's it. That's where the line is drawn," Pietrzyk said. During the trial, it was revealed that nearly all the platoon members readily posed for photos with the dead prisoner and watched as Gallagher read his reenlistment oath near the body in an impromptu ceremony. Defense lawyer Tim Parlatore began his closing argument the same way he started the trial. "This is case is not about murder, it's about mutiny." Parlatore said. The attorney said there's no body, no forensics, and the SEALs who testified against Gallagher lied because they didn't like his demanding leadership. He called the pictures of Gallagher clutching the corpse's hair and his texts about his knife skills just the dark humor of a warrior. Parlatore also contended that investigators never asked Scott about the cause of the death, which is why they were surprised by his testimony. "They didn't even listen to their own witness," Parlatore said. The defense showed videos clips by an Iraq TV crew of the prisoner being interviewed after he was hit, then arriving at the SEAL compound and being handed over to the SEALs by the Iraqi troops. It also showed Gallagher pulling out his medical bag and treating the detainee. An Iraqi general who handed the wounded prisoner to the SEALs testified that Gallagher did not stab the boy. And Marine Staff Sgt. Giorgio Kirylo said after the militant died that he moved the body to take a "cool guy trophy" photo with it and saw no stab wounds on his neck. Gallagher's attorneys said there are a number of things that could have caused the militant's death, including internal injuries from the blast. Defense attorney Marc Mukasey called it "a weak, evil, Hail Mary farce of a case" that never should have made it to the court. "The government wants you to believe that Chief Gallagher flipped from Dr. Jekyll, a life saver, to Mr. Hyde, the murderer, in a split second," he said. Gallagher and his wife, Andrea, hugged and kissed over the bar of the court's gallery after the arguments finished. Most of the witnesses were granted immunity to protect them from being prosecuted for acts they described on the stand. Lt. Jacob Portier, the officer in charge, has been charged separately for overseeing the reenlistment ceremony and not reporting the alleged stabbing.
If You Had Bought Mirvac Group (ASX:MGR) Shares Five Years Ago You'd Have Made 77% Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying the right stocks can give your wealth a significant boost. For example, theMirvac Group(ASX:MGR) share price is up 77% in the last 5 years, clearly besting than the market return of around 12% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 51%, including dividends. Check out our latest analysis for Mirvac Group To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During five years of share price growth, Mirvac Group achieved compound earnings per share (EPS) growth of 30% per year. This EPS growth is higher than the 12% average annual increase in the share price. Therefore, it seems the market has become relatively pessimistic about the company. This cautious sentiment is reflected in its (fairly low) P/E ratio of 9.20. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at ourfreereport on Mirvac Group's earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Mirvac Group, it has a TSR of 124% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted thetotalshareholder return. It's nice to see that Mirvac Group shareholders have received a total shareholder return of 51% over the last year. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 18% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. 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 Mirvac Group by clicking this link. Mirvac Group is not the only stock insiders are buying. So take a peek at thisfreelist of growing companies with insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on 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.
UPDATE 2-Australia's Afterpay seeks independent chair in management shake-up * Aims for majority independent board with independent chair * Group head to depart within 12 months * Co-founder and executive chair will become CEO * Shares partly recover two-day losses sparked by Visa entry (Recasts, adds share movement, fund manager comments, context) By Paulina Duran SYDNEY, July 2 (Reuters) - Australia's Afterpay Touch Group Ltd on Tuesday said it was moving toward appointing a "majority independent board with an independent chair", as the fast-growing lender boosts governance amid scrutiny from the financial crime watchdog. The announcement sent Afterpay's shares up as much as 7.6% in Tuesday trade, partly reversing two days of heavy selling as investors fretted about U.S. credit card firm Visa Inc's planned entry to the buy-now-pay-later market. Investors have also been spooked since the Australian Transaction Reports and Analysis Centre (AUSTRAC) last month ordered an external audit of Afterpay due to suspected non-compliance with anti-money-laundering laws. Against this backdrop, Afterpay on Tuesday said Executive Director and Group Head David Hancock will leave the firm after an up to 12-month handover, and that co-founder and Executive Chairman Anthony Eisen will become chief executive. Co-founder and CEO Nick Molnar will become global chief revenue officer. The pioneer in buy-now-pay-later consumer lending also said independent director Elana Rubin will become interim chair until it fills the new role of independent chair. "They are looking to improve the governance of the board with an independent chairperson, so these changes can only be positive," said fund manager Damon Callaghan at ECP Asset Management. As well as the management shuffle, investors may also be buying Afterpay stock on Tuesday due to a better understanding of the limited risk Visa poses, Callaghan said. Last month, Afterpay raised A$317 million ($221.08 million) in new capital through a share placement, which involved both co-founders and Hancock selling a combined 4.5 million shares at A$23 each, equivalent to A$103 million. AUSTRAC's announcement followed the same week and sent the stock as low as A$19.9. It is currently trading around A$26. "The co-founders are still heavily involved in the business and committed to not selling shares in the near term," Callaghan said. ($1 = 1.4339 Australian dollars) (Reporting by Paulina Duran in Sydney; Additional reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Richard Pullin and Christopher Cushing)
Here's What Swire Pacific Limited's (HKG:19) P/E Ratio Is Telling Us Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll show how Swire Pacific Limited's (HKG:19) P/E ratio could help you assess the value on offer.Swire Pacific has a P/E ratio of 6.1, based on the last twelve months. In other words, at today's prices, investors are paying HK$6.1 for every HK$1 in prior year profit. Check out our latest analysis for Swire Pacific Theformula for P/Eis: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Swire Pacific: P/E of 6.1 = HK$96 ÷ HK$15.74 (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. Generally speaking the rate of earnings growth has a profound impact on a company's P/E multiple. That's because companies that grow earnings per share quickly will rapidly increase the 'E' in the equation. That means unless the share price increases, the P/E will reduce in a few years. A lower P/E should indicate the stock is cheap relative to others -- and that may attract buyers. Swire Pacific's earnings per share fell by 9.3% in the last twelve months. But EPS is up 12% over the last 5 years. The P/E ratio indicates whether the market has higher or lower expectations of a company. As you can see below Swire Pacific has a P/E ratio that is fairly close for the average for the real estate industry, which is 6.5. Swire Pacific's P/E tells us that market participants think its prospects are roughly in line with its industry. The company could surprise by performing better than average, in the future. I would further inform my view by checkinginsider buying and selling., among other things. One drawback of using a P/E ratio is that it considers market capitalization, but not the balance sheet. So it won't reflect the advantage of cash, or disadvantage of debt. In theory, a company can lower its future P/E ratio by using cash or debt to invest in growth. 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. Swire Pacific's net debt equates to 48% of its market capitalization. While it's worth keeping this in mind, it isn't a worry. Swire Pacific's P/E is 6.1 which is below average (11) in the HK market. With only modest debt, it's likely the lack of EPS growth at least partially explains the pessimism implied by the P/E ratio. Investors should be looking to buy stocks that the market is wrong about. If it is underestimating a company, investors can make money by buying and holding the shares until the market corrects itself. So thisfreevisualization of the analyst consensus on future earningscould help you make theright decisionabout whether to buy, sell, or hold. Of courseyou might be able to find a better stock than Swire Pacific. So you may wish to see thisfreecollection of other companies that have grown earnings strongly. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Ivanka Trump Barging Into History's Biggest Moments Is The Internet's New Favorite Meme Ivanka Trump had an awkward moment at last month’s G-20 Summit in Japan, and naturally Twitter turned it into a game of memes and mockery. It all started over the weekend when a video of President Donald Trump ’s eldest daughter speaking to world leaders went viral after being released by the French government on Instagram. The clip appeared to show Ivanka trying to insert herself into a conversation with French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, British Prime Minister Theresa May and International Monetary Fund Director Christine Lagarde. In response, Crooked Media’s Erin Ryan asked social media users to “photoshop Ivanka the unwelcome interloper boxing way above her weight” into a series of key cultural and historical moments, from soccer star Megan Rapinoe’s celebration of a goal to the Constitutional Convention of 1787. Somebody please photoshop Ivanka the unwelcome interloper boxing way above her weight into the following: - Megan Rapinoe’s goal celebration - Nixon-Elvis meeting - Beyoncé’s Coachella performance - Curies’ lab - constitutional convention - cast of Big Little Lies — Erin crosstalk Ryan (@morninggloria) June 30, 2019 Twitter users didn’t disappoint, serving up a round of edited scenes, including the 1945 Yalta Conference on post-World War II reorganization, the moon landing and even the “Golden Girls’” kitchen table. Thus the #UnwantedIvanka hashtag was born. Yalta pic.twitter.com/cnFi4YxtPz — Helen Kennedy (@HelenKennedy) June 30, 2019 pic.twitter.com/Xf9OmalmYN — Parker Molloy (@ParkerMolloy) June 30, 2019 Can’t believe I missed out on this. pic.twitter.com/o4EOalxR0y — Schooley (@Rschooley) July 1, 2019 I was clearly late to all of the primo #unwantedivanka memes... pic.twitter.com/OFUGB6nddF — Tim O'Brien (@TimOBrien) July 1, 2019 I'm really sorry #unwantedivanka pic.twitter.com/J4JGFq0OLF — Upspeaker of the House (@EssArrBee) July 1, 2019 Remarking on the popularity of her call to action, Ryan tweeted on Monday that she did it “because I find her presence in high level diplomatic talks embarrassing, ridiculous, and dangerous.” Story continues “The reason it took off is that lots of people, from all over the world, apparently agree,” she said. Related Coverage Trump Jokes With Putin About 'Fake News' On Capital Gazette Shooting Anniversary The Saudi Crown Prince Has Blood On His Hands, But You Wouldn’t Know It At G-20 Ivanka Trump Had A Super Awkward Moment At G-20 And Twitter Had A Field Day Love HuffPost? Become a founding member of HuffPost Plus today. This article originally appeared on HuffPost .
SEC Charges Investment Adviser With Fraud Washington, D.C.--(Newsfile Corp. - July 1, 2019) - The Securities and Exchange Commission today charged Fieldstone Financial Management Group LLC and its principal Kristofor R. Behn, both of Foxboro, Mass., with defrauding retail investment advisory clients by failing to disclose conflicts of interest related to their recommendations to invest in securities issued by affiliates of Oregon-based Aequitas Management LLC. Behn also fraudulently misused approximately $500,000 of one investor’s funds to pay personal expenses. According to the SEC’s order, from 2014 to early 2016, approximately 40 retail clients of Behn and Fieldstone invested more than $7 million in Aequitas securities, which were the subject of a previous Commission enforcementaction. The order finds that Behn and Fieldstone failed to disclose to their clients that Aequitas had provided Fieldstone with a $1.5 million loan and access to a $2 million line of credit, both of which had terms that created a significant financial incentive for Behn and Fieldstone to recommend Aequitas securities to their clients. The order further finds that Behn and Fieldstone made material misstatements and omissions in reports filed with the Commission, including false representations that the repayment terms of the loan from Aequitas were not contingent on Fieldstone clients investing in Aequitas. In addition, the order finds that Behn and Fieldstone fraudulently induced a client to invest $1 million in Fieldstone. Within days of Fieldstone receiving the $1 million, Behn used approximately $500,000 to pay his personal taxes and make other payments to himself or for his personal benefit. “Behn flagrantly disregarded his most basic duties as an investment adviser by concealing the significant financial incentives he and his firm would receive by recommending investments in Aequitas,” said Erin E. Schneider, Director of the SEC’s San Francisco Regional Office. “The Commission is committed to rooting out breaches of fiduciary duty to retail investors.” Without admitting or denying the Commission’s findings, Fieldstone and Behn consented to the issuance of the order, which finds that they violated the antifraud provisions of the federal securities laws, censures Fieldstone, orders them to cease and desist from future violations, and orders them to pay, on a joint-and-several basis, disgorgement and prejudgment interest of $1,047,971 and a penalty of $275,000, all of which will be distributed to harmed investors. Behn will also be permanently barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization. The SEC’s investigation was conducted by Tracy S. Combs and Thomas J. Eme of the San Francisco office and supervised by Steven D. Buchholz. An examination of Fieldstone contributed to the investigation and was conducted by Mark S. Audet, Michael Garrity, Michael McGrath, and Mayeti Gametchu of the SEC’s Boston Regional Office.
Democrats decry ‘inhumane conditions’ at migrant detention camps and face insults from Trump supporters CLINT, Texas — A delegation of Democratic members of Congress traveled to the U.S. border with Mexico on Monday to tour migrant detention facilities and decried the “inhumane conditions” they found. Citing crowded cells, a lack of running water and detainees with serious medical conditions who did not have access to medicine, the group attempted to hold an afternoon press conference to detail what they’d witnessed, but faced vitriol from members of the Border Patrol on social media and from protesters who support President Trump. “We came today and we saw that the system is still broken and that peoples’ human rights are still being abused,” said Rep. Joaquin Castro, D-Texas, chair of the Congressional Hispanic Caucus. Castro and other members of the group spoke to reporters outside of a Customs and Border Protection facility where some migrants are being held. While inside, Castro said, he met a woman who “said that she was told by an agent to drink water out of the toilet” due to the lack of running water. Rep. Judy Chu, D-Calif., said she was haunted by what she saw at the facilities. “I will never forget the image of being in a cell and seeing 15 women, tears coming down their faces as they talked about being separated from their children, about having no running water and about not being able to know when they were going to get out since they’d already been there ... 50 days,” Chu said. Customs and Border Protection did not immediately respond to a request for comment on this story. Rep. Veronica Escobar, D-Texas, at a migrant detention facility in Clint, Texas. (Photo: Hunter Walker/Yahoo News) Rep. Alexandria Ocasio-Cortez , D-N.Y., described the things the Democrats witnessed during their visit as “unconscionable.” “No child should ever be separated from their parent. No child should ever be separated from their family. No woman should ever be locked up in a pen when they have done no harm to another human being,” Ocasio-Cortez said, adding, “They should be given water. They should be given basic access to human rights.” Early Monday morning, before the group of lawmakers began their tour, NBC News published details of a report from the Department of Homeland Security’s Office of the Inspector General that described conditions at one border station in El Paso as “chaos.” The report, which contained details of an inspection that was conducted last month, described detainees kept in standing room only conditions for days. According to the report, conditions were so bad that Border Patrol agents feared rioting or hunger strikes could break out. The report called the situation unsafe for both the migrants and the agents. Pro Publica also published a report Monday describing a secret Facebook group for current and former Border Patrol agents where members mocked migrants. Posts in the group also made vile sexual jokes about two of the members of the Democratic delegation, Ocasio-Cortez and Rep. Veronica Escobar, D-Texas, after they announced plans for the visit. According to Pro Publica’s A.C. Thompson, the media outlet was “able to link the participants in those online conversations to apparently legitimate Facebook profiles belonging to Border Patrol agents.” In the wake of the report, a CBP spokesperson said the DHS inspector general would be investigating the group. Story continues At the facility in Clint, Castro said he also hoped there would be a congressional investigation into the group. “That was a vulgar, disgusting, and vile page that shows, unfortunately, that there are many within CBP who have become desensitized to the point of being dangerous to the migrants in their care and to their co-workers,” Castro said. Escobar, who was the subject of some of the jokes on the page, described the social media posts and the things the Democrats said they witnessed as evidence of “a dehumanizing of people that is very dangerous to our country.” “It’s very dangerous and the minute that we lose our own humanity, we’ve gone into our very dark place,” Escobar said. “Unfortunately, our country has gone to a very dark place.” Rep. Alexandria Ocasio-Cortez in Clint, Texas. (Photo: Hunter Walker/Yahoo News) A group of Trump supporters gathered at the facility in Clint shouted throughout the press conference with the visiting Democrats. When Escobar spoke, the protesters yelled vulgarities in Spanish at her. Some of the Democrats addressed the protesters directly. “Keep yelling, this is really appropriate,” said Rep. Ayanna Pressley, D-Mass. “Racist words and venom for racist policies.” Rep. Rashida Tlaib, D-Mich., who became the second Muslim woman in Congress when she was elected last year, also spoke to the protesters. “You know what we are doing today? We are putting America first, so you all can yell and scream,” Tlaib said, adding, “I will outwork your hate. I will outlove your hate. I will always put my country first.” As Tlaib addressed the crowd, some of the protesters yelled about Muslims. “Shut up! We don’t want Muslims here either,” one said. “We care about Jesus Christ! We don’t care about Sharia law,” shouted another protester. Tlaib spoke over them and defended Escobar, who had also been subjected to insults during the event. Ocasio-Cortez touched Tlaib’s shoulder as her voice roared. “I will tell you this, Veronica Escobar is the best goddamn Congress member from this district! You all can say whatever you want, but this woman cares about those children,” said Tlaib. “And you all can outscream me, but I will never stop speaking truth to power.” Afterwards, Escobar told Yahoo News that she blamed the president for the rhetoric that was directed at her during the event and on the Facebook page. “It brings me a lot of pain that the humanity of the United States is disappearing, and this is the fault of President Trump,” Escobar said in Spanish. “He needs to raise the level of the discourse in this country and what we have seen in our country unfortunately is insults and shouts. This was an example of that.” But Escobar said she would not hesitate to continue speaking up about the conditions faced by migrants — particularly children. “It’s always worth it,” Escobar said. “For the life of a child, it’s always worth it.” _____ Read more from Yahoo News: GOP whip Scalise cites Trump accuser’s ‘bizarre’ CNN interview in doubting her account Pentagon secretly struck back against Iranian cyberspies targeting U.S. ships Trump admits his Cabinet had 'some clinkers' 'Great Replacement' ideology is spreading hate in U.S. and across the globe How Europe's smallest nations are battling Russia's cyberattacks PHOTOS: Hong Kong protesters take over legislative chambers View comments
Looking At Lee's Pharmaceutical Holdings Limited (HKG:950) From All Angles 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 Lee's Pharmaceutical Holdings Limited (HKG:950) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe 950 has a lot to offer. Basically, it is a financially-robust , dividend-paying company with a great history of performance. Below, I've touched on some key aspects you should know on a high level. For those interested in understanding where the figures come from and want to see the analysis, read the fullreport on Lee's Pharmaceutical Holdings here. 950 delivered a bottom-line expansion of 54% in the prior year, with its most recent earnings level surpassing its average level over the last five years. In addition to beating its historical values, 950 also outperformed its industry, which delivered a growth of 19%. This is an optimistic signal for the future. 950's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This suggests prudent control over cash and cost by management, which is a key determinant of the company’s health. 950 appears to have made good use of debt, producing operating cash levels of 2.45x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated. For those seeking income streams from their portfolio, 950 is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 2.2%. For Lee's Pharmaceutical Holdings, there are three key aspects you should further research: 1. Future Outlook: What are well-informed industry analysts predicting for 950’s future growth? Take a look at ourfree research report of analyst consensusfor 950’s outlook. 2. Valuation: What is 950 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 950 is currently mispriced by the market. 3. Other Attractive Alternatives: Are there other well-rounded stocks you could be holding instead of 950? 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.
Which Classic TGIF Sitcoms Should Warner Streaming Service Revive? Click here to read the full article. WarnerMedia is looking to make the mood right all over again. To help feed its upcoming streaming service, the media conglomerate is reportedly considering rebooting or reviving classic TGIF sitcoms— including Step by Step , Family Matters , Perfect Strangers and Hangin’ with Mr. Cooper — according to TVLine’s sister site Deadline . For those tragically unfamiliar, TGIF was an ABC programming block of family comedies that aired on Friday nights in the 1990s. Along with the aforementioned shows, TGIF also brought us classic series like Full House , Boy Meets World and Sabrina the Teenage Witch . Related stories WarnerMedia Narrows Down a Name for Its Upcoming Streaming Service Gremlins Prequel Snags Series Order at WarnerMedia Streaming Service Kaley Cuoco's Flight Attendant Lands on WarnerMedia Streaming Service The report stresses that no actual plans are in place to bring these shows back, but WarnerMedia has expressed “interest” in capitalizing off of its classic library; any potential deals remain in “exploratory” stages. But for what it’s worth, this wouldn’t be the first — or even second — time that a former TGIF series has been brought back from beyond the TV grave to considerable success. Girl Meets World , a continuation of Boy Meets World (1993–2000), ran for three seasons on Disney Channel (2014–2017), while Fuller House , a continuation of Full House (1987–1995), is preparing to enter its fifth and final season on Netflix later this year. And although Netflix’s popular Chilling Adventures of Sabrina is based on a different Archie comic than TGIF’s Sabrina the Teenage Witch , it’s hard to argue that the new series didn’t draw at least a few eyeballs thanks to the nostalgia surrounding the sitcom. Since pretty much anything is possible these days, go ahead and drop a comment with the TGIF comedy you’d genuinely like to see rebooted/revived on the WarnerMedia streaming service. Sign up for TVLine's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .
Woman banned from Walmart for not paying full price for half-eaten cake A woman in Texas has been banned from her local Walmart after she ate part of a cake inside the chain store and then refused to pay full price for the half-eaten cake at the register. Wichita Falls Police Department spokesman Officer Jeff Hughes confirmed to Wichita Falls Times Record News that officers responded to a call from the Walmart on Greenbriar Road on June 25, just after 8 p.m. local time. The unnamed woman allegedly entered the store, ate half a cake, and only wanted to pay for the remaining half, despite employees witnessing her eating the cake as she walked toward the register. Hughes told the outlet that the woman ultimately was banned from the store by police for theft. "I don't know if she got the whole cake. I don't know if she left with the other half of it," Hughs told NBC News . Although the woman was banned, employees did not wish to press charges. This, however, is not the first time Wichita Falls police had to respond to a bizarre incident at a Walmart. In January , employees at another Walmart in the Texas city called the police when a woman was seen allegedly drinking wine from a Pringles can as she rode an electric cart for hours. When police arrived at the scene, they found the woman in a nearby restaurant, where police notified her that she was banned from that Walmart location. Read more from Yahoo Lifestyle: Man offers a 1-bedroom home to anyone who can reunite him with lost dog: 'She's part of my family' Politician speaks out after Pride flag removed from museum: 'We still have work to do' Black woman says white passenger refused to sit next to her on flight: 'I'm so embarrassed and heartbroken' Follow us on Instagram , Facebook , and Twitter for nonstop inspiration delivered fresh to your feed, every day.
Why TPG is 'seizing an opportunity' by buying Crunch Fitness Private-equity firm TPG is making a play in the workout space by acquiring Crunch Fitness. The transaction announced on Monday includes Crunch’s company-owned “Signature” facilities, along with its global franchising business. Financial terms of the agreement were not disclosed. The firm’s buyout of the popular gym chain comes as an increasing number of consumers are getting more fitness-conscious. According to the IHRSA, 20% of American adults have a fitness club membership, with the craze continuing to accelerate. “Fitness is at an all-time high. We’ve got a fantastic management team, we’ve got a lot of franchise momentum, our Signature clubs are performing well,” Crunch CEO Jim Rowley told YFi PM. TPG “saw an opportunity and they seized that opportunity,” he added. Private equity firm TPG is buying gym chain Crunch Fitness (Courtesy: Crunch Fitness) Founded in 1989, Crunch currently owns, operates, and franchises more than 300 fitness centers. They service more than 1.3 million members across the U.S., Australia, Canada, and Spain. Back in 2009, Rowley acquired Crunch with the private-equity help of Angelo Gordon, and began franchising the brand in 2010. Rowley said that the company was now at an “inflection point” that, when combined with societal trends, made TPG’s buyout offer a matter of perfect timing. The industry is booming, and niche clubs are focused on boxing, yoga, and stretch opening up around the country. “We’re seeing participation level at the highest level it’s ever been,” Rowley said. Given high U.S. rates of obesity and heart disease rates, “sitting is the new smoking,” the executive told Yahoo Finance. “When you’ve got a sedentary lifestyle, we know that it contributes to a lot of negative health factors, and people are realizing that more and more,” he added. McKenzie DeGroot is a producer at Yahoo Finance. Follow her on Twitter: @degrootmckenzie Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , SmartNews , LinkedIn , YouTube , and reddit .
Amazon's Mistake Is Shopify's Gain One of the keys toAmazon.com's(NASDAQ: AMZN)success has been its laser-like focus oncustomer satisfactionfrom the very beginning. In his first-ever shareholder letter, CEO Jeff Bezos penned an entire section titled "Obsess Over Customers," where he unequivocally stated, "We will continue to focus relentlessly on our customers." This is far from the last time Bezos spoke about the advantages of a customer-centric approach, particularly about how he believes such an approach is the best way to protect a company's vitality. From the beginning, this has been theflywheelof Amazon's success. The results speak for themselves. Over the past 20 years, Amazon has grown from an online bookstore to one of the largest companies in the world, delighting consumers and shareholders alike along the way. AMZNdata byYCharts There's one type of customer, though, that Amazon may not have served to the best of its ability. And a growinge-commercecompetitor,Shopify(NYSE: SHOP), might stand to benefit from this oversight. The share of third-party sales on Amazon has grown from 3% in 1999 to 58% in 2018. In absolute dollars, third-party sales have grown from about $100 million to $160 billion, an incredible compound annual growth rate of 52% during that time. Image source: Amazon.com. And with a few glaring exceptions, Amazon treats these customers well, explaining why third-party sellers have flocked to its platform, beyond just being an online marketplace with a built-in set customer base. As Bezos stated in his 2018 shareholder letter: "We helped independent sellers compete against our first-party business by investing in and offering them the very best selling tools we could imagine and build. There are many such tools, including tools that help sellers manage inventory, process payments, track shipments, create reports, and sell across borders -- and we're inventing more every year." Fulfillment by Amazon(FBA), the platform designed for third-party sellers, does all of these things and more, giving independent merchants access to the best of Amazon's logistics infrastructure, including its distribution centers and delivery network. Unfortunately for third-party sellers, while the monetary price for this service is reasonable, the tangible costs can be immense. For starters, it's nearly impossible for merchants to maintain their own identity within the Amazon marketplace, getting lost amid the sea of other sellers offering the same or similar products. Second, Amazon has developed a habit of finding the best-selling products its independent merchants offer and then selling nearly identical products under one of its100-plus private-label brands. Once it does that, Amazon steers customers to its own products through search algorithms, sales, and exclusives. So although the third-party sellers were customers of FBA, they weren't being treated that way, at least not by the standards Amazon normally accords its customers. And there seemed to be little recourse. If smaller merchants wanted access to world-class logistics infrastructure and back-office support, there was nowhere else they could go. Until now. Shopify's platform is built on the premise of giving merchants the tools to grow and build their businesses, including all the bells and whistles traditionally available only to the industry's leaders. Through itsmerchant solutions business, Shopify offers its enterprise clients resources for a variety of needs, including shipping, payments, marketing, and checkout customization. Shopify often reminds its customers that it's there to help them, not compete with them. For instance, in anexclusive interviewwith The Motley Fool last year, CEO Tobi Lutke said: "I think the most important thing about Shopify to understand is that we have hundreds of thousands of merchants on the platform, but Shopify, of course, isn't selling products directly. What we do is ... help merchants, help entrepreneurs who want to sell products do it themselves." What Shopify hasnotbeen able to do, until now, is match Amazon's worldwide logistics infrastructure and capabilities. That changed when the company announced at its annualShopify Uniteconference that it's building its ownShopify Fulfillment Network. As management explained, trying to offer something like two-day shipping to keep up with Amazon could cost small merchants their entire profit margin on a typical order. Third-party logistics aren't a viable solution for many of these sellers, as they come with complex pricing models, obscure the sellers' brands, lack transparency with data, and ultimately might compete with the seller. As Craig Miller, Shopify's chief product officer, explained, "Once enabled, a merchant using the Shopify Fulfillment Network doesn't need to think about picking, packing, shipping, or fulfillment ever again." The company has made it easy for merchants to opt into the program. The platform supports multiple channels, including sellers' online stores, wholesale orders, and third-party online marketplaces. The network uses custom packaging from each merchant so that the merchant's packaging displays its own brand. Using itsmachine learningmodel, Shopify is able to accurately predict orders, too, so that this increase in shipping capabilities doesn't come at a higher inventory cost. Finally, the Shopify Fulfillment Network will allow its merchants to offer two-day delivery, with what it cites as 99.9% order accuracy. This doesn't mean I'm selling my Amazon position. In fact, it remains the largest position in my personal portfolio. But I do think it has failed to treat its third-party sellers right, and that opportunity is most likely going to cost the company. Based on its gross merchant volume, the amount of goods Shopify's merchants sell across its platform, Shopify ranks third in market share in domestic online retail sales. With this investment in its own logistics infrastructure, Shopify is using its scale to flex its muscle and move in on some of the e-commerce giants. Amazon shareholders might want to consider a position in Shopify as a hedge and another position in the growing e-commerce market. I long ago added Shopify to my own portfolio, and it's a position I plan to increase often 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 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.Matthew Cochraneowns shares of Amazon and Shopify. The Motley Fool owns shares of and recommends Amazon and Shopify. The Motley Fool has adisclosure policy.
Why Do Stock Prices Change? What Causes Them to Go Up and Down? Even non-investors are probably familiar with the old expression "buy low and sell high." This advice is the simplest explanation for how people make money in the stock market, but it falls short in explainingwhythe highs and lows actually happen. In this videofrom our YouTube channel, we explain the different factors that contribute to the price of a stock going up or down -- over the short term and the long term -- and which news items are actually worth paying attention to. A full transcript follows the video. Narrator:Pretty much everybody understands the basic premise of investing -- Buy low and sell high. Investors want to buy stocks and sell them for a profit after they move up in price. But why do stock prices move up and down in the first place? If you've ever asked that question, this video is for you. In short, stock prices change because of supply and demand. Think of the stock market as a giant auction, with investors making bids for one another's stocks and offering to sell their own all at the same time. For example,Apple's(NASDAQ: AAPL)shares trade hands over 28 million times a day on average, which translates to nearly 1,200 accepted bids every second of every trading day! Because there is a limited supply of shares available for sale, bidders must compete with one another for access to shares. The more intense the interest in a stock, the more bidders there are attracted to it, and the less interested current shareholders are in selling their own stock. As a result, potential buyers must bid higher to buy the stock, and the stock price moves up. This works the other way as well. When interest in a stock declines, fewer competing bids are entered, holders are more interested in selling their stock, and the lower the winning bid price must be. But what determines investors' interest in a stock? In short, information. Information comes in many forms: earnings reports, press releases, news stories, court filings, Tweets, general hype, you name it. Investors, whether consciously or not, incorporate each new piece of information they come across into their impression of a stock. Of course, every investor reacts to new information differently, and those reactions can range widely from apathy to panic to euphoria. Depending on their reaction, investors may choose to buy more shares, hold the shares they have, or even sell. In turn, these reactions are incorporated into the share price, causing fluctuations in price. Interestingly, the change in share price itself is information that is incorporated by subsequent bidders, and the cycle of information-reaction-price move-information repeats once again. When supply of a stock is limited and interest is high, a stock's price can skyrocket. For a recent example of this, let's take a quick look atTilray(NASDAQ: TLRY), the first marijuana company to go public directly on the Nasdaq back in the Summer of 2018. After going public at $17, Tilray's stock soared, eventually reaching a peak of $300 a share. Much of this rise was driven by a limited supply of publicly available shares, as most of the company's stock was still privately held by Peter Thiel's Privateer holdings, as well as a limited availability of other publicly traded cannabis producers for investors to purchase. Combining the market's rabid interest in investing in pot with an artificially limited supply of shares led to Tilray's rapid ascent. However, as other pot companies began publicly trading, demand waned, and when the lockup for private equity investors expired in January 2019, the number of shares on the public market surged, pushing down the stock. Today, Tilray trades 78% below its highs. The law of supply and demand remains undefeated. If you can imagine this cycle of supply and demand being repeated over and over again among millions of investors and stocks across the world each and every trading day, you'll have a working idea of the mechanisms that influence daily fluctuations in stock price. As you can probably guess, investors' reactions to new information aren't always rational. As long term investors, we look for opportunities to capitalize on the market's short term irrationality to create long term wealth. Thanks for watching guys, if you enjoyed this video please smash the like button down below. We've got plenty more like this one on our channel, with more videos being added every week. Nick Scipleowns shares of Apple. The Motley Fool recommends Apple. The Motley Fool has adisclosure policy.
McCormick Keeps Right on Cooking Investors inMcCormick(NYSE: MKC)had some big questions heading into its fiscal second-quarter earnings report. The spice and flavoring giant's last two announcements reflected a wide range of potential growth paths but generally suggested modest market-share gains in the context of improving profitability. Yet thatpositive outlookrelied on demand holding up well for its core consumer food products and for its new launches through the year. Last Thursday, McCormick revealed steady growth that, despite a slow start to the spring grilling season, kept the company on track to meet its wider 2019 objectives. Let's dive right in. Image source: Getty Images. Sales gains landed at 3% after adjusting for the currency exchange shifts that pushed reported revenue growth down to zero. That result marked a slight deceleration from the previous quarter's 4% boost and was at the low end of the 3% to 5% range that management has issued for the full year. Still, CEO Lawrence Kurzius and his team said the results met their expectations and included a healthy mix of volume and pricing growth. In an investor presentation, executives said sales volumes rose 2.1% while prices inched higher by 0.7%. That result was held back by a weak U.S. consumer segment, though, with volume rising 2.2% as prices held flat. Management blamed adelayed start to the grilling seasonfor those soft U.S. growth numbers. Other weak points included falling prices in its European division due to trade disruptions. The profitability picture was mixed, but generally positive. Gross profit margin inched higher thanks to rising prices and the lift from McCormick's cost-cutting program. However, unfavorable currency exchange moves resulted in muted bottom-line gains as adjusted operating income rose by 5% to only modestly outpace the 3% increase in sales. With help from its efficiency initiatives, and the shift in sales toward high-margin condiment and sauce brands, the company continued getting more profitable. Adjusted operating margin improved to 16.5% of sales from 15.7% a year ago. Lower tax expenses helped adjusted earnings per share jump 14% to $1.16. With more than half of the fiscal year behind it, McCormick now has a better idea how 2019 might unfold. To that end, Kurzius and his team updated both their sales and profit outlooks. The company still predicts that revenue will expand by 3% to 5% for the year, which implies stability or a modest acceleration over the next six months. Profit gains won't be quite as robust, with operating income now expected to rise by 8% to 10%, compared with the prior range of 10% to 12%. Those two predictions mean that McCormick will lag both of its long-term growth targets in 2019. Yet profit margins are rising, cash flow is improving, and pricing trends are holding up well. Those wins, plus the branding and marketing investments the company is making today, should set McCormick up for faster growth next year. That helps explain why management is characterizing 2019's performance as shaping up to be a successful step in its growth strategy, which targets consistent market-beating sales gains and rising margins. 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 Demitrios Kalogeropouloshas no position in any of the stocks mentioned. The Motley Fool recommends McCormick. The Motley Fool has adisclosure policy.

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