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Bengal Announces Resignation of Vice President, Exploration Calgary, Alberta--(Newsfile Corp. - July 2, 2019) -Bengal Energy Ltd. (TSX: BNG)("Bengal" or the "Company") announces that it has accepted the resignation of Mr. Gordon MacMahon as Vice President, Exploration. "On behalf of the Board and the Company, I would like to thank Gordon for his time and dedication to Bengal," stated Chayan Chakrabarty, President and Chief Executive Officer. "We wish him the very best in his future endeavors." The Company is in the process of evaluating replacement candidates based on current projects as well as future opportunities being pursued by the Company. FOR FURTHER INFORMATION PLEASE CONTACT: Bengal Energy Ltd.Chayan Chakrabarty, President & Chief Executive OfficerMatthew Moorman, Chief Financial Officer(403) 205-2526Email:investor.relations@bengalenergy.caWebsite:www.bengalenergy.ca To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/46034
Toyota Prius Stalling Problems Continue, Highlighted by a Dealer’s Lawsuit over Five-Year Problem From Car and Driver A Toyota Prius recall involving defective electric powertrains has reached a boiling point, with a California dealership suing the automaker. Behind the business disputes is a safety concern that could affect more than 800,000 Prius hybrids on U.S. roads. According to a report in the Los Angeles Times , the software fixes Toyota has released three times over the past five years aren't working. Reporting on courtroom testimony from Toyota executives, the Times said as many as 20,000 Prius owners have reported electric powertrain failures since the recall was issued in February 2014. At that time, Toyota recalled nearly 700,000 cars from 2010 to 2014 model years for inverter transistors that could fail and shut the whole car down while driving. Toyota expanded this recall in July 2015 to include another 109,000 Prius V models , then released another recall for all of these cars in October 2018. Each involved software updates that were supposed to place the cars in limp-home mode if they detected a power failure. But the lawsuit alleges this hasn't been working as Toyota intended, and according to the Times , Toyota is expanding the recall again to include 2018 Prius models. Roger Hogan, owner of two Toyota dealerships in Claremont and San Juan Capistrano, filed the lawsuit in 2017 alleging Toyota blocked allocations of new cars he should have received after he raised safety concerns about the Prius recall. The Times said he refused to sell these cars in his inventory, even though they were used and dealers are only required to pull new cars under recall that haven't been fixed. These cars, following Toyota's software remedies, would be in full legal compliance. But Hogan, in complaint filings to the National Highway Traffic Safety Administration (NHTSA) and in the lawsuit, said that "there are lives needlessly at risk" and "our responsibility begins and ends with our customers' safety." Toyota has said repeatedly that Hogan's lawsuit is without merit. Story continues The Times said Hogan and NHTSA officials met at least six times last summer. While complaints like Hogan's can compel NHTSA to launch investigations and audits into ongoing recalls to determine if a remedy is working, there is no such case open as of this time. The Prius C is not included in this recall. ('You Might Also Like',) Unclogging Streets Could Help City Dwellers Save 125 Hours a Year The 10 Cheapest New Cars of 2018 Get Out Early, Get In Late: What to Know About Auto Lease Transfers
Singapore wealth fund GIC warns of low returns amid trade war * GIC says more cautious compared to last year * Raises allocation to bonds and cash to record * Reports lower annualised 5-year portfolio return * Says not worried about future of HK as global financial hot spot By Anshuman Daga and Joe Brock SINGAPORE, July 3 (Reuters) - Singapore sovereign wealth fund GIC Pte Ltd said it is now more cautious about the investing environment than it was last year and is bracing for low returns due to high valuations and slowing economic growth. But while GIC, among the world's biggest investors, is worried about heightened political and policy uncertainty, including the Sino-U.S. trade war, it is positioning itself to cushion the impact by investing in countries such as Vietnam which are benefiting from a shift in supply chains. "We are more concerned, even more concerned compared to last year because the developments over the last 12 months have been more negative than even what we were thinking about," CEO Lim Chow Kiat told Reuters in an interview. GIC is ranked the world's eighth-biggest sovereign investor, managing $390 billion in assets, according to the Sovereign Wealth Fund Institute. While smaller Singapore peer Temasek Holdings focuses on equities, GIC, which manages most of the government's financial assets, invests in a wide range of assets and has a long-term goal of beating global inflation. Underscoring its cautious stance, GIC's allocation to bonds and cash rose to a record 39% in the year that ended in March from 37% in the previous year and 31% five years ago. Washington and Beijing have slapped tariffs on billions of dollars of each other's imports, stoking worries that the nearly year-long trade war would escalate. Those tariffs remain in place while negotiations resume. "There are developments or events that could cause investment losses or lower returns," said Lim, who took over as CEO two years ago after a 24-year career at the investment firm. GIC's portfolio returned 4.9% per annum in nominal U.S. dollar terms over a five-year period that ended in March 2019, versus 6.6% in the period that ended in March 2018. The firm's reference portfolio of 65% global equities and 35% bonds returned an annualised 5% percent in the five years that ended in March 2019. GIC reported an annualised rolling 20-year real return - its main performance gauge - of 3.4% for the latest year, the same as reported in the previous year. Financial markets have rallied this year, with the S&P 500 and China's biggest markets surging by nearly 20% in the first half, replacing last year's big drops in European, Asian and U.S. equity markets and reviving hopes the decade-long global bull-run may not have ended after all. But Lim said the valuation expansion and increase in uncertainty had made GIC more cautious. VIETNAM, EMERGING MARKETS Jeffrey Jaensubhakij, GIC's chief investment officer, said GIC still liked emerging markets such as Vietnam, where it has exposure to the home building and banking sector. He said Vietnam was benefiting from an acceleration in Chinese companies looking to relocate their production facilities overseas to escape U.S. tariffs, while U.S. multinationals in China were also seeking to relocate elsewhere. Over the past year, GIC has invested in Vietnamese conglomerate Vingroup, Brazilian gym chain Smartfit and China's Luckin Coffee. The share of developed market equities in its portfolio fell to 19% last year from 23% a year ago. This week, GIC and Canada's Brookfield Asset Management Inc agreed to buy U.S. freight railroad owner Genesee & Wyoming Inc for about $6.4 billion. GIC is not worried about the global financial hot spot status of Hong Kong, where a flurry of protests over a proposed bill to allow extraditions of suspects to face trial in China has spooked investors and prompted some to make plans to move funds elsewhere, including to Singapore. "Hong Kong is an important business and financial centre. It is important that it continues to play those roles because businesses need Hong Kong, investors need Hong Kong," Lim said. (Reporting by Anshuman Daga and Joe Brock; Editing by Muralikumar Anantharaman)
ALX Uranium Corp. Clarification of Record Date for Annual General Meeting Vancouver, British Columbia--(Newsfile Corp. - July 2, 2019) -ALX Uranium Corp.(TSXV: AL) (FSE: 6LLN) (OTC: ALXEF)("ALX" or the "Company")announced today that it wishes to correct a typographical error in its Information Circular dated June 19, 2019. The record date for the Annual General Meeting is listed in the Information Circular as June 18, 2019, which is incorrect. The actual record date for the Annual General Meeting is June 19, 2019. Shareholders of record as at June 19, 2019 are eligible to vote at the Annual General Meeting to be held in Vancouver, BC, Canada on July 25, 2019. About ALX ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties in northern Saskatchewan, Canada, a superior mining jurisdiction. The Company executes well-designed exploration programs using the latest available technologies and has interests in over 200,000 hectares in Saskatchewan, a Province which hosts the richest uranium deposits in the world, a producing gold mine, and demonstrates strong potential for economic base metals deposits. ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF". Technical reports are available on SEDAR atwww.sedar.comfor several of the Company's active properties. For more information about the Company, please visit the ALX corporate website atwww.alxuranium.comor contact Roger Leschuk, Manager, Corporate Communications at PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email:rleschuk@alxuranium.com On Behalf of the Board of Directors of ALX Uranium Corp. "Warren Stanyer" Warren Stanyer, CEO and Chairman FORWARD LOOKING STATEMENTS Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Three Months ended March 31, 2019, which is available under Company's SEDAR profile atwww.sedar.com. Except as required by law, we will not update these forward looking statement risk factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/46035
This new cryptocurrency lottery is impossible to lose Anyone who’s ever bought a lottery ticket knows the feeling: the odds are so slim, just breaking even is a small victory in itself. Now, a new cryptocurrency-based game of chance wants to help cautious risk takers feel like a winner each and every time. PoolTogether, which launched on Monday, is a“no-loss” lottery built on Ethereum. Players buy tickets in Dai, anEthereum-backed stablecoinpegged to the U.S. dollar, and the funds are pooled together in a smart contract—the bigger the pool, the bigger the payout. Here’s the twist: while one lucky winner will walk away with more than he “wagered,” everyone always gets at least their money back. It’s a “can’t lose” numbers game that, in truth, has a lot more to do with a pooled,prize-linked savings accountthan any luck-of-the-draw raffle, said PoolTogether’s creator Leighton Cusack, founder of software company Arrakis Labs. “At a basic level, it works by taking all the capital from the purchased tickets, earning interest on it, and then using that interest as the reward,” said Cusack. When a pool opens, players have three days to buy up tickets at 20 Dai each before the round closes. The funds are then locked up for 15 days in aninterest-earning account on Compound, an Ethereum-based “money market protocol.” The goal for this first go around, said Cusack, is to get “100,000 Dai locked during the open period,” which ends this Wednesday, and payout around 300 Dai to one fortuitous saver. Of course, you could just forego the whole “lottery” thing and stick your money—crypto or otherwise—in a savings account yourself and earn a little scratch that way. But where’s the fun in that? Cusack admits that in “strictly economic terms,” a lottery isn’t really a great idea. “The very best thing would be to just put the money in a savings account and earn guaranteed interest,” he said. But compared to walking out of a convenience store with fistfuls of scratch-off wishes and Powerball dreams, PoolTogether intends to offer a “far better” alternative. “Humans don’t act in rational ways economically,” Cusack said. “This is a way to help them act in a healthy irrational way.” PoolTogether’s creator has big hopes for his project. The end goal, he said, is to “displace” traditional lotteries and “move the needle on economic health” for as many people as possible. “Lotteries are one of the most used financial products in the world but also one of the most damaging,” said Cusack, adding that a “healthy alternative to lottery tickets” will help people feel “economically safe and secure.” But while state lotteries might contribute to “unhealthy” or even addictive economic behavior, some might say they have the net-positive benefit offunding public programs, such as schools, parks, and other social causes—something that can’t be said for PoolTogether, at least not in its current form. Cusack said, however, that PoolTogether could, in theory, be used in the future to create pools with “pre-determined winners,” such as nonprofits. The technology upon which the crypto “no-loss” lottery is based is sufficiently flexible that it could split winnings between multiple parties, including public goods, if the pool were large enough. But PoolTogether isn’t running a charity either. A 10 percent cut of the proceeds ensures a “sustainable business model,” said Cusack. And though the game promises “no loss,” that doesn’t mean that it’s without risk. It is still crypto we’re talking about, after all, and “everything in crypto is still early,” Cusack said, “so that’s why I advise some caution.” While the platform has been professionally audited by smart contract security firm Quantstamp and is built with a “high level of security” in mind, there’s always the chance of things breaking or bugs going undetected. For those looking to lay down some action just for the thrill, it might be just enough risk to make it interesting.
Coal-Fired Power Plants Just Had Their Worst Month in Decades The health of America's aging fleet of coal-fired power plants continues to sink to new depths. According to the latest batch of data from the U.S. Energy Information Administration (EIA), coal-fired power plants produced just over 60,000 gigawatt-hours of electricity in April 2019, or about 20% of demand. That marked the lowest level in decades. But it wasn't the only first for the country's energy grid. April was the first time ever that nuclear power outproduced coal. It was also the first time ever that wind, solar, and hydropower combined to outproduce output from coal-fired facilities. Together, zero-carbon power sources generated over 43% of total electricity in the United States. It's just the latest data point demonstrating the shift underway in the nation's power grid. Is your portfolio taking that into account? Image source: Getty Images. On one hand, there are permanent forces driving the historical performance seen in April. On the other hand, moderate temperatures significantly reduce heating and cooling demand for much of the country every April, which makes it the low point of the year for electricity demand. In recent years, that's been compounded by the fact that the fourth month on the calendar is typically one of the strongest for wind power. Power generators take advantage of -- or, in the case of wind power, are forced by -- the seasonality to perform routine maintenance at their facilities. Therefore, April data typically reflects the lowest monthly output levels for all thermal power plants, although coal is clearly on the ropes. Consider that: • American coal-fired power plants saw electricity generation in April 2019 fall 18% from the year-ago period and 26% from April 2017. • American coal-fired power plants are on pace to generate the lowest annual output of electricity since the 1970's, when the country consumed 46% less electricity. • American coal-fired power plants are expected to comprise just 24% of the nation's electricity production in 2019, down from 50% in 2005. That suggests the EIA'sheadline-grabbing forecastin which coal generates 22% of American electricity in 2050 is... a little optimistic. • Nuclear power plants generated a record amount of electricity in 2018, and then followed that up with their highest April output in years -- and perhaps ever. Can that continue in the face ofplanned reactor retirements? • Wind power surpassed 30,000 gigawatt-hours of generation in a month for the first time. It should eclipse that mark this fall on its way to becomingAmerica's top renewable-energy sourcethis year. Low-cost natural gas, wind, and solar and aggressive state-mandated clean-energy plans are expected to continue sending coal-fired power plants to early retirements. That explains why the EIA expects coal consumption to drop to 602 million short tons in 2019 and just 567 million short tons in 2020 -- each marking the lowest level in over 40 years. Investors should take notice. The immediate takeaway from April's data and the latest EIA outlook is that coal is going extinct in the United States. Since that's driven almost entirely by economics, power generators and electric utilities stubbornly hanging on to their coal-fired power plants might be costing ratepayers and shareholders. Whilegeographic realities dictate power asset portfolios, that tussle is increasingly playing out between natural gas, wind, and solar -- not coal. Dominion Energy(NYSE: D), one of the largest power generators suffering from its geographic location away from favorable onshore wind potential, is switching to natural gas and even converting some of its coal-fired power plants to run on wood pellets. That may seem a stretch, but the company's operations are close to the world's most robust pine forests and wood products industry. (Most wood pellets are manufactured from residuals, not directly from trees.) Image source: Getty Images. EvenPPL, which operates in coal-friendly Kentucky, has announced a shift toward natural gas power plants in a bid to reduce its emissions profile. In 2016, the company leaned on coal for 85% of its generation mix, which represented 3% of the nation's total coal fleet, but current projections call for most of that to be retired in the coming decades. It's reasonable to expecteconomic realities will move up the timeline even earlier. That poses a risk for coal producerAlliance Resource Partners(NASDAQ: ARLP), which generates 10% of total revenue from PPL subsidiaries. The coal miner reported record production of 40.4 million short tons of coal last year -- while consumption in the United States dropped to a 39-year low -- but the business has increasingly relied on exports in recent years. Whether or not international markets can stave off predictions for sharply declining operations,investors might only need to considerthat shares have lost 39% of their valuewith dividends includedin the past five years. That's a 100% difference from the total return of theS&P 500in that span. A reduced appetite for coal could present opportunities forNextEra Energy(NYSE: NEE). The company's subsidiary, NextEra Energy Resources (NEER), is the largest power generator in the United States. It builds, owns, operates, and sells power generation assets across the country. In addition to owning 17,000 megawatts of renewable energy assets today, it boasts a backlog comprising over 29,000 megawatts of wind and solar. As more and more companies retire their coal fleets, they'll increasingly tap NEER to replace the lost output with newer, cleaner, and lower-cost facilities. April's power generation data reflects both seasonal realities and irreversible trends such as the fall of coal and the rise of renewables. The numbers show that American electric grids are transitioning to a lower-carbon future, and perhaps sooner than many projections currently expect. Investors with a long-term mindset shouldn't get caught off guard by the risks and opportunities the shift is creating. 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 Maxx Chatskohas no position in any of the stocks mentioned. The Motley Fool recommends Dominion Energy and NextEra Energy. The Motley Fool has adisclosure policy.
Do Directors Own Huon Aquaculture Group Limited (ASX:HUO) Shares? 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 Huon Aquaculture Group Limited (ASX:HUO) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of AU$393m, Huon Aquaculture Group is a small cap stock, so it might not be well known by many institutional investors. Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholder can tell us about HUO. View our latest analysis for Huon Aquaculture Group Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Huon Aquaculture Group already has institutions on the share registry. Indeed, they own 6.3% of the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. 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 Huon Aquaculture Group, (below). Of course, keep in mind that there are other factors to consider, too. It would appear that 6.1% of Huon Aquaculture Group shares are controlled by hedge funds. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that insiders maintain a significant holding in Huon Aquaculture Group Limited. Insiders own AU$60m worth of shares in the AU$393m company. It is great to see insiders so invested in the business. It might be worth checkingif those insiders have been buying recently. The general public holds a 21% stake in HUO. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. We can see that Private Companies own 51%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. 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. But ultimatelyit is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look atthis free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
U.S. Census forms to exclude citizenship question -NY attorney general WASHINGTON, July 2 (Reuters) - The 2020 U.S. Census will begin printing forms that do not include the citizenship question that the Trump administration had sought, New York's attorney general said on Tuesday. An official in the office of New York Attorney General Letitia James told Reuters the U.S. Justice Department had informed them that the Census forms would exclude the citizenship question. (Reporting by Karen Friefeld and Eric Beech; Editing by Doina Chiacu)
Activision Adds 2 More Teams in Call of Duty Esports League ActivisionATVI has become a dominant name in the esports space, courtesy of its massively successfulOverwatchLeague. The company is now set to launch another esports league based on its hugely popular franchiseCall of Duty.Reportedly, the company has expanded the number of teams competing in its upcoming city-basedCall of Dutyleague to seven. Per engadget, the two new teams will represent Los Angeles and Minnesota. Currently, other teams in the league represent Atlanta, Dallas, New York, Paris and Toronto.Immortals Gaming Club, which owns Los Angeles Valiant in theOverwatchLeague, will operate the Los Angeles team in the upcomingCall of DutyLeague. The Minnesota team will be operated by Wise Ventures, founded by Minnesota Vikings owners, Mark and Zygi Wilf.However, Activision doesn’t expect the upcomingCall of DutyLeague to contribute significantly to revenues in 2019. This prompted it to reiterate net bookings and revenues outlook. The company currently expects non-GAAP revenues of $6.03 billion and bookings of $6.3 billion for 2019.Shares have returned 2% on a year-to-date basis compared with the industry’s growth of 13.4%. Esports — A Major Growth DriverPer Newzoo, global esports revenues are expected to increase 26.7% to $1.1 billion in 2019. By 2022, the esports market will be worth $1.8 billion. Moreover, average revenue per fan is expected to grow to $6.02 by 2022.According to emarketer, which cited a Goldman Sachs report, total esports revenues are expected to reach $2.96 billion by 2022 from $869 million in 2018.These data open up significant opportunities for video game developers, particularly Activision, postOverwatchLeague’s success.Activision sold the first slot of teams in itsOverwatchLeague for $20 million. The company expanded the league this year (20 teams) and the new teams reportedly paid fees between $30 million and $60 million. Teams in the upcomingCall of DutyLeague are rumored to have paid approximately $25 million.Activision generated revenues of almost $500 million from the 25 team slots that it had sold for theOverwatchLeague and the upcomingCall of Dutyesports league. The company also generates significant revenues from broadcast rights, sponsors and licensees.Notably, strong growth in viewership has benefited Activision.Overwatch’s viewership in the current season has increased more than 30% on a year-over-year basis. Improving consumer engagement has helped the company attract sponsorships from Anheuser-Busch InBev, Coca-Cola and State Farm. Activision Gaining Competitive EdgeActivision’s esports leagues are based on well-established franchises. Hence, the company had to spend less time and effort in making them popular among hardcore gamers and enthusiasts.Moreover, the success of the company’s esports initiative has provided it a competitive edge over its closest peers — Electronic Arts EA and Take Two Interactive TTWO.EA currently has limited presence in the esports space, while Take Two has been cautious in its approach despite its deal with NBA. Notably, Take Two has been conducting an NBA esports tournament for the last two years.Zacks Rank & Another Key PickCurrently, Activision has a Zacks Rank #2 (Buy).Hasbro HAS, which sports a Zacks Rank #1 (Strong Buy), is a stock worth considering in the same industry. You can see the complete list of today’s Zacks #1 Rank stocks here. This Could Be the Fastest Way to Grow Wealth in 2019 Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities. These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated+98%,+119%and+164%gains in as little as 1 month. Click here to see these breakthrough stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportTake-Two Interactive Software, Inc. (TTWO) : Free Stock Analysis ReportActivision Blizzard, Inc (ATVI) : Free Stock Analysis ReportElectronic Arts Inc. (EA) : Free Stock Analysis ReportHasbro, Inc. (HAS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Who is Tom Holland? 'Jeopardy!' contestants all fail to recognize latest 'Spider-Man' star With great trivia power comes great responsibility. But maybe not pop culture awareness. "Jeopardy!" contestants' spidey senses were off Monday, when not a single contestant could name the lead actor in the latest "Spider-Man" movie. Host Alex Trebek offered a clue about the new "Spider-Man: Far From Home" when a player picked the Action Movie Stars category during a round of Double Jeopardy. "This actor returns as Peter Parker in 'Spider-Man: Far From Home,' trying to enjoy vacation while battling new foes in Europe," he said. Trebek even played a clip showing Tom Holland in the role. Despite vast trivia knowledge, not a single player could answer the $1,200 prompt. "Who is Garfield?" one contestant asked, referencing Andrew Garfield, who played the web-slinging hero in 2012's "The Amazing Spider-Man" and its 2014 sequel. "Who is Tobey Maguire?" asked another, referencing the star from the early 2000s. The third didn't even try. SMH. 🤦‍♂️ #SpiderMan #Jeopardy @TomHolland1996 pic.twitter.com/wIGCNd0lyP — James Stevenson (@JamesStevenson) July 2, 2019 Fans soon took to Twitter to ridicule the players. "tom holland was an 'answer' on jeopardy yesterday and all i remember is screaming bc none of them knew about him," one user wrote . Some expressed anger on Holland's behalf. "I’m appalled," one wrote . "Tom Holland deserves better." More: Every Marvel superhero movie, definitively ranked (including 'Spider-Man: Far From Home') Story continues "Dude poor @TomHolland1996 getting confused for Garfield the cat," wrote another. Dude poor @TomHolland1996 getting confused for Garfield the cat #jeopardy pic.twitter.com/ZAkS0oT1b2 — Doug (@CanadianCameo) July 2, 2019 A fan also pointed out Disney, which owns Marvel Studios, also own's "Jeopardy!" networkABC. Yet no one on the game show seemed to know much about the superhero series. "1) This is some solid in-game film advertising," one person wrote . "2) YOU DUMB PIECES OF (EXPLETIVE)" More: 'Jeopardy' champ James Holzhauer earns 28th win, pulls within $325K of Jennings' record This article originally appeared on USA TODAY: Jeopardy contestants all fail to recognize Tom Holland in $1,200 prompt
IBM's Blockchain Shipping Platform May Have Just Hit Critical Mass Part ofInternational Business Machines'(NYSE: IBM)long-term growth strategy is to invest inapplying blockchain technologyto areas where the distributed database can make an impact. IBM is focusing on industries where digitization could provide major improvements in efficiency. IBM's efforts in the global container shipping industry may be the company's biggest blockchain success so far. The tech company has been collaborating with shipping giantMaersksince 2017 on a blockchain-based platform for tracking shipping containers. That collaboration led to thelaunch of the TradeLens platformlast year. Image source: Getty Images. In May, IBM announced that CMA CGM and MSC Mediterranean Shipping Company, two major ocean carriers, had joined the TradeLens platform. On July 2, the company announced that two more major ocean carriers, Hapag-Lloyd and Ocean Network Express, had signed on. With those additions, five of the world's six largest carriers have joined TradeLens, and more than half of the world's ocean container cargo is now covered by the platform. TradeLens is succeeding in getting competitors to join up because it's designed as a neutral platform. "We believe this innovative approach based on open standards and open governance can benefit the entire industry while ultimately benefiting our customers who rely on the world's shipping industry to transport global container volume of more than 120 million TEU across international borders each year," said Noriaka Yamaga, a managing director at Ocean Network Express. Hapag-Lloyd and Ocean Network Express will each operate blockchain nodes on the network, and both will be represented on the TradeLens Advisory Board, which will advise on standards for neutrality and openness. IBM's VP of supply chain solutions, Todd Scott, sees these new additions as a key moment for the platform: I do think that it's a turning point. The whole value of a blockchain solution is to be able to have a large number of participants using the same platform. When you have a large number of carriers, ports and customs authorities, it creates that much more value for banks, freight forwarders and cargo owners. I think that's an incredibly powerful value add. TradeLens provides value by reducing the need for paper-based and manual systems. The administrative cost of handling a container shipment today is comparable to the cost of physically transporting that container, according to Michael White, head of TradeLens at Maersk. By removing much of the complexity, TradeLens can speed up shipments, reduce costs, and cut down on fraud. With four major ocean carriers joining TradeLens in the past few months, the platform appears to be on its way to becoming an industry-standard solution. That's good news for IBM -- the part of the platform where all the data from the network of participants is consolidated and accessible is powered by IBM Cloud. IBM benefits as usage grows, and TradeLens may now encompass enough of the industry that an alternative solution is unlikely to succeed. While IBM's blockchain efforts have yet to flow through to its financial results, TradeLens is looking like a pretty big success story for the century-old tech giant. 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 Timothy Greenowns shares of IBM. The Motley Fool is short shares of IBM. The Motley Fool has adisclosure policy.
Alex Morgan sipped tea and Twitter lost it Alex Morgan sipped some tea Tuesday. (Photo by Geert van Erven/Soccrates/Getty Images) The U.S. women’s soccer team knows how to get Twitter fired up. Megan Rapinoe’s two-goal game against France had fans trying to make her the next big meme. In Tuesday’s game against England, it was Alex Morgan’s turn. After scoring a goal to put the U.S. team up 2-1, Morgan decided to celebrate by sipping some tea. It looked a little like this. Who did it better 🤔 pic.twitter.com/RX43mwz55W — Yahoo Soccer (@FCYahoo) July 2, 2019 Not surprisingly, that celebration was divisive. Turns out, people rooting for the United States were on board. Here for Alex Morgan’s sipping tea celebration 😂 pic.twitter.com/vUOhJolHJ4 — Meghan Montemurro (@M_Montemurro) July 2, 2019 HAPPY BIRTHDAY ALEX MORGAN YOU'RE THIRTY YEARS OLD NOW AND YOU HAVE EARNED THE RIGHT TO PETTY GOAL CELEBRATIONS LIKE DRINKING TEA BECAUSE YOU'RE PLAYING ENGLAND — Franklin Leonard (@franklinleonard) July 2, 2019 Alex Morgan trolling the Brits...drinking tea with her pinky up....GOAT. <3 pic.twitter.com/NmCniF3hrD — gifdsports (@gifdsports) July 2, 2019 Some were actually upset about it. ☕ @liannesanderson calls Alex Morgan's tea sipping celebration "distasteful." 📺 Live now on HD11 #beINWWC #beINSPIRED19 #ENGUSA #FIFAWWC pic.twitter.com/dwvowkcdK6 — beIN SPORTS (@beINSPORTS) July 2, 2019 Come on @Lionesses - make these cocky yanks choke on it. pic.twitter.com/lOybEhNRGT — Piers Morgan (@piersmorgan) July 2, 2019 Others decided to have fun with it. Story continues The British after Alex Morgan made that cuppa tea gesture #ENGUSA #Lionesses pic.twitter.com/55RNzulN2L — Twins That Travel 👯 (@TwinsThatTravel) July 2, 2019 BREAKING NEWS: @alexmorgan13 is now the Queen of England after sipping tea as a celebration. pic.twitter.com/ITN25Exj2A — 929ESPN (@929espn) July 2, 2019 y’all only have one queen and we put eleven on the field at a time, shame about that — BUM CHILLUPS (@edsbs) July 2, 2019 Thanks to Morgan, and a clutch save by Alyssa Naeher, the U.S. went on to win the game 2-1 . With the win, the U.S. women’s team advances to the final. They’ll take on the winner of Netherlands vs. Sweden, where they’ll hopefully get to show off at least one more epic goal celebration. ——— Chris Cwik is a writer for Yahoo Sports. Have a tip? Email him at christophercwik@yahoo.com or follow him on Twitter! Follow @Chris_Cwik More from Yahoo Sports: Nike pulls shoe after Kaepernick raises racial concerns Angels pitcher, family man Skaggs gone too soon Yankees’ Stanton posts heartfelt message after Skaggs’ death Broncos preview: Replacing Manning has been tough
Is AbbVie a Buy? Ever sinceAbbott Laboratoriesspun offAbbVie(NYSE: ABBV)as a stand-alone entity approximately six years ago, the biotech has generated industry-leading levels of earnings, revenue, and dividend growth. In response, AbbVie's shares have also produced market-beating returns for its early shareholders. However, AbbVie's status as biotech's top large-cap growth stock -- and one of the best dividend growth plays in all of healthcare -- abruptly ended in early 2018. A disappointing clinical readout for its experimental cancer therapy dubbed "ROVA-T" sent shock waves through the investing community, causing AbbVie's shares to lose around a quarter of their value in the past 16 months. Image source: Getty Images. The big deal is that AbbVie paid a noteworthy $5.8 billion to acquire ROVA-T and this particular cancer treatment also happened to be a key centerpiece in the biotech's pivot to immuno-oncology as a means to diversifying its revenue stream ahead of Humira's patent expiration. This singular clinical setback, in effect, caused Wall Street to hit the panic button over Humira's eventual decline. Pouring salt onto the wound, Humira's sales dropped faster-than-expected following the drug's initial bout with biosimilars in Europe during the most recent quarter. This wake-up call, in turn, appears to have played a central role in AbbVie's decision to merge with struggling Botox makerAllergan(NYSE: AGN)in an enormous cash-and-stock deal valued at $63 billion. Should investors buy into this planned megamerger, or is it a better idea to stick to the safety of the sidelines? Let's break down the benefits and potential drawbacks of this blockbuster deal to find out. On the plus side, this merger instantly achieves AbbVie's core goal of diluting Humira's impact on its top line. Historically, Humira has made up around 60% of the drugmaker's annual revenue, but this figure should drop to around 38% once this deal closes early next year. And by 2024, Humira is slated to make up no more than a quarter of the combined entity's annual sales. That's a big improvement over prior forecasts that called for around a third of AbbVie's annual sales emanating from Humira in 2024. So this megamerger does address AbbVie's biggest weakness. As an added bonus, Humira should remain a healthy cash cow for the company for the better part of the next decade, even with the entrance of biosimilars in the all-important U.S. market in 2023. AbbVie should thus have sufficient free cash flows to address its massive debt in the wake of this deal. The first major drawback is that this new megapharma would sport a jaw-dropping debt load of $73 billion. While AbbVie reportedly plans to reduce its debt load by $15 billion to $18 billion by 2021, the company won't have much room to maneuver in terms of business development activities for perhaps most of the next decade. Now, this limited financial capacity may not ultimately matter. ButTeva Pharmaceutical Industries'implosionfollowing its massive deal with Allergan shows what can happen when biopharmas box themselves in with too much debt. Secondly, AbbVie might not be able to maintain its appeal as a top dividend growth stock over the course of the next decade. The biopharma, after all, will be dealing with declining sales for both Humira and Allergan's top-selling eye treatment Restasis, as well as a highly leveraged balance sheet. There's also serious concern thatBotox sales could fall offdue to the entrance of new competitors in the not-so-distant future. In short, investors may want to think twice before buying AbbVie solely for its prospects as a dividend growth play. AbbVie, after all, will be an entirely different animal after this deal officially closes. The bottom line is that AbbVie and Allergan are tying the knot out of necessity -- not because this is a match made in biopharma heaven. There are few, if any, natural synergies between these two large-cap biopharmas after all. Unfortunately, AbbVie's elite dividend program may take a big hit from this merger, and the new entity won't be able to change course -- at least not quickly -- if an unexpected hiccup arises thanks to its sky-high debt load. Put simply, investors are probably best served by taking a wait-and-see approach with AbbVie following this merger with Allergan. 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 George Budwellhas no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has adisclosure policy.
Strong Model 3 demand helped Tesla set a new all-time record for quarterly deliveries Click here to read the full article. When it comes to analyzing the vibrancy of Tesla’s business, there is certainly no shortage of distractions. Whether it’s Elon Musk stirring up controversy online or Tesla vehicles being vandalized for seemingly no reason at all, it’s easy to overlook how impressively the company has managed to boost production and deliveries on a year-over-year basis. Sure, individual quarters can be disappointing, but the company overall has slowly but surely gotten better at meeting impressive demand. To this point, shares of Tesla are up nearly 8% in after-hours trading after the electric carmaker this afternoon revealed that vehicle deliveries for the second quarter reached 95,200 units, setting a new quarterly record in the process. The previous record for quarterly deliveries was set during the fourth quarter of 2018 and checked in at 90,700 units. Related Stories: Elon Musk believes electric planes will become more practical in about 5 years Tesla provides update on the Model S that burst into flames for no apparent reason Tesla dashcam video helps prove that a reckless driver lied about causing an accident Breaking things down across Tesla’s product line, the Model 3 accounted for 77,550 deliveries while Model S and Model X deliveries, taken together, checked in at 17,650 units. Meanwhile, Tesla during the June quarter manufactured 87,048 vehicles. “In addition, we made significant progress streamlining our global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to our working capital position,” Tesla revealed via a press release. “Orders generated during the quarter exceeded our deliveries,” the press release adds, “thus we are entering Q3 with an increase in our order backlog. We believe we are well positioned to continue growing total production and deliveries in Q3.” BGR Top Deals: This $16 clip-on lens kit fits the iPhone or any Android phone, and it’s awesome Amazon deal offers a 7-inch Android tablet for under $43 See the original version of this article on BGR.com View comments
Former Uber advisor: Let 'an open marketplace' pick the Democratic nominee Instead of trying to get pundits to pin down who the next Democratic presidential nominee will be, Bradley Tusk, Founder and CEO of Tusk Ventures, says we need to have “the primaries serve as an open marketplace” and “let voters decide.” “Ideally, all 24 candidates stay in for as long as they possibly can,” Tusk, a former public policy advisor for Uber and author of the book, “The Fixer: My Adventures Saving Startups from Death by Politics,” told Yahoo Finance’s “The First Trade” on Tuesday. “And rather than the party or the media trying to put their finger on the scale and say, OK, it's Harris, it's Warren, it's Buttigieg, or whoever the flavor of the moment is, let the market work the way it's supposed to,” he adds. “Let the voters decide. Because if you do that, whoever emerges will almost definitionally be the strongest candidate to take on Trump.” And after last week’s two-night debate, Senators Kamala Harris and Elizabeth Warren may be making steep gains with voters. The latestCNN poll’s results bySSRS, conducted after the debates, found that among voters with some Democratic affiliation 22% are backing Biden for the nomination, 17% Harris, 15% Warren, and 14% Sen. Bernie Sanders. Other candidates in the 24-person race didn’t hit the 5% mark. Biden’s numbers declined by 10 points since the last CNN poll in May, Harris saw a 9-point increase and Warren’s numbers were boosted by 8 points. No other candidates’ numbers made significant moves. But even as the polls continue to signal “who the flavor of the moment is,” Tusk says the “reality is we don't know,” who the Democratic nominee will be. “We have no idea where the economy is going to be or what the voters are going to want in 15 minutes.” One thing’s for sure though: “The candidates that feel manufactured because they're trying to read the polls and come up with a perfect statement that doesn't offend anybody, whether that was Hillary or Biden right now, they never win,” he says. Marina is a production assistant atYahoo Finance. Follow her on Twitter at@marina9527. Read more: • Venture capitalist: Natural food is the future • Expert: Retirement is risky if you're 'overinvested in stocks’ • Trucking app CEO: We're revolutionizing freight with phone tracking • Read the latest financial and business news from Yahoo Finance Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn,YouTube, andreddit.
Puma Biotech Submits sNDA for Breast Cancer Drug Nerlynx Puma Biotechnology, Inc.PBYI announced that it has submitted a supplemental new drug application (sNDA) to the FDA for the approval of Nerlynx (neratinib) in combination with Roche’s RHHBY Xeloda (capecitabine) to treat third-line HER2-positive metastatic breast cancer. The drug is already approved as an extended adjuvant treatment of HER2-positive early stage breast cancer in adult patients, previously treated with Roche’s Herceptin-based adjuvant therapy. The drug was approved in Europe last September for the given indication. The sNDA was based on data from the phase III NALA study, which assessed the combination of Nerlynx + Xeloda as compared to Xeloda plus Novartis’ NVS Tykerb (lapatinib) for treating patients with HER2-positive metastatic breast cancer, who have failed two or more prior lines of treatments. The co-primary endpoints of the study were centrally confirmed progression free survival (PFS) and overall survival (OS). Outcomes from this program showed that treatment with the Nerlynx combo led to a statistically significant improvement in centrally confirmed PFS as compared to the combination of Xeloda plus Tykerb. Moreover, the median OS was 21 months for patients treated with the combo of Nerlynx + Xeloda as compared to the median OS of 18.7 months for patients having received the combo of Xeloda plus Tykerb. Notably, last December, Puma Biotech announced positive top-line results from the NALA study. Shares of Puma Biotech have dropped 37.1% so far this year versus the industry’s rise of 5.3%. Puma Biotech’s only marketed product, Nerlynx, generated sales of $45.6 million in the first quarter of 2019, reflecting a decline of 25.4% on a sequential basis due to higher number of patients discontinuing treatment with Nerlynx. If the company wins a nod to include the NALA analysis finding on Nerlynx’s label, it will then be eligible to treat a broader breast cancer population, which can drive sales higher. Several further probes on Nerlynx targeting different types of breast cancer subject-compositions and in earlier-line settings are currently underway. Apart from the HER2-positive breast cancer indication, the company believes that Nerlynx holds great potential for the treatment of several other cancers including NSCLC and other tumor types that over-express or have a mutation in HER2. Earlier this April, Puma Biotech added two cohorts to the phase II SUMMIT basket study on Nerlynx, which is currently being conducted for treating solid tumors in patients with activating EGFR, HER2 or HER4 mutations. Puma Biotech plans to report data from this SUMMIT study in the second half of 2019 and expects to meet the FDA authorities to discuss the regulatory strategy for the same later in the ongoing year. Zacks Rank & Key Pick Puma Biotech currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the healthcare sector is Repligen Corp. RGEN, which sports a Zacks Rank #1 (Strong Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here. Repligen’s earnings estimates have been revised 9.4% upward for 2019 and 9.8% for 2020 over the past 60 days. The stock has soared 63.2% year to date. This Could Be the Fastest Way to Grow Wealth in 2019 Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated+98%,+119%and+164%gains in as little as 1 month. Click here to see these breakthrough stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportNovartis AG (NVS) : Free Stock Analysis ReportRoche Holding AG (RHHBY) : Free Stock Analysis ReportPuma Biotechnology, Inc. (PBYI) : Free Stock Analysis ReportRepligen Corporation (RGEN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Manhattan's high-end apartment prices suffer as NYC real estate cools: Study Manhattan high-end real estate showed new signs of cooling during the second quarter, with secondary prices sliding and units staying on the market longer, according to a new report released on Tuesday. The average resale apartment price in Q2 fell 5% from the comparable quarter last year, to $1,641,989, Brown Harris Stevens (BHS) said in its quarterly survey of New York City real estate. During that time frame, resale closings stagnated, and sellers offered their biggest price discounts in nearly a decade, BHS said. “Resale apartments sold in the second quarter spent an average of 131 days on the market,” the firm noted in its report. “This figure was 27% more than a year ago, and the highest level in seven years. Sellers offered their biggest price discounts in nine years, receiving on average 96.1% of their last asking price.” In an interview with Yahoo Finance, BHS’s CEO, Bess Freedman, said that “Buyers are in the drivers seat” as real estate prices moderate. “If we want to see the market improve, sellers have to adjust their prices,” Freedman added. Manhattan cooperative prices averaged $1,337,649, falling 4% from the year-ago quarter, while 3+ bedroom apartments plunged 10%, BHS said. Only studio co-op units, which rose compared to 2018, were spared the wrath of falling prices. Condominiums, on the other hand, saw upticks in price. There was a 13% shift upwards for two-bedroom condos since this time last year. Much of the market’s underlying weakness was offset by a surge in new development closings, BHS said. That segment saw an 11% jump in sales compared to the comparable period in 2018, and a 3% hike in the overall average apartment price, while the number of closings climbed 71% from this time last year. Freedman noted that this final stat may be an outlier, because of a motivation to finish deals beforechanges to the mansion taxkicked in. BHS’s report is the latest sign of a leveling off inNew York home prices, an effect that’salso being seen nationwide— even withrock-bottom interest ratesthat make buying a relatively attractive prospect. Although some of the froth is coming off the Big Apple’s home prices, the luxury market continues to be saturated—and is driving up average prices. Two new high-end buildings in hot neighborhoods,15 Hudson Yards and One Manhattan Square on the Lower East Side, have driven much of the new luxury sales this quarter, BHS found. Indeed, BHS’s data showed the rest of Manhattan’s luxury prices are still at eye-popping (and wallet-busting) levels. Average sale prices topped $2 million while the median sale price of $1,250,000eclipse prices in the four other boroughs. Yet some real estate professionals say Manhattan is cooling because the outer boroughs — namely Brooklyn and Long Island City, Queens — are increasingly popular. “Interest rates are at an all time low...and with that we’re seeing people coming out to buy” in Brooklyn and other “trendy areas,” said Jared Goodloe, a real estate agent with Halstead Real Estate, who has clientele in both Brooklyn and Manhattan. “We’re seeing a lot of people coming in from the city to Brooklyn,” Goodloe added. “Long Island City is becoming highly desirable because it’s accessible to the city,” while Brooklyn is an easy commute for residents working in lower Manhattan, he added. “There are a lot of things in Brooklyn like tax abatements and incentives...its more attractive” than in Manhattan, Goodloe said. BHS’s Freedman agreed, saying that “people are seeing these places as new opportunity zones. That’s good.” New York’s move toward becoming more of a buyer’s market is good news for people attempting to put down more permanent roots in the city. Still, rents across the city continue to skyrocket. According to data from real estate listing site Zumber, one bedroom apartments in the city hit a median rent of $2,980 in June, a 4.6 percent spike from May. New York has the second-most expensive rental market in the country, trailing only San Francisco. As the buyer’s market cools and the renter’s market stays hot,fewer renters believethey will own a home at any point in their lives, according to a recent survey conducted by Freddie Mac. Of the renter’s surveyed, 82 percent reported renting to be cheaper than buying. While the renter’s market and the proliferation of housing options in outer boroughs has changed the NYC housing market significantly, Freedman remains generally optimistic about the direction. “I think 2019 will be better than 2018,” she said. Calder McHugh is an Associate Editor at Yahoo Finance. Follow him on Twitter:@Calder_McHugh. The jobs report is even worse than it looks in these six sectors These US industries could take the heaviest hit from new tariffs There's a gap between jobs and job-seekers, and a housing crisis is making it worse Streaming boom becomes 'holy grail' for resurgent music industry Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,SmartNews,LinkedIn,YouTube, andreddit.
What Happened in the Stock Market Today Trade worries hit stocks once again after the U.S. threatened to levy $4 billion in tariffs on Europe in a dispute over aircraft subsidies, but shares rebounded late in the session and major benchmarks finished in the green. TheDow Jones Industrial Average(DJINDICES: ^DJI) had a small gain and theS&P 500(SNPINDEX: ^GSPC) closed at a record high. Real estate was the strongest sector and energy was the weakest. Index Percentage Change Point Change Dow 0.26% 69.25 S&P 500 0.29% 8.68 Data source: Yahoo! Finance. As for individual stocks,Greenbrier Companies(NYSE: GBX) fell on disappointing results, andThe Simply Good Foods Company(NASDAQ: SMPL) reported strong sales gains. Shares of Greenbrierwent off the track today, tumbling 6.9% after the railroad freight car manufacturer reported disappointing third-quarter results and lowered profit guidance for the full year. Revenue grew 33% to $856 million, below the $862 million analyst consensus. Earnings per share fell 46% to $0.46, but that figure included a $0.30-per-share noncash goodwill impairment charge and $0.13 per share inacquisitioncosts. Excluding those, adjusted EPS of $0.89 still missed expectations of $0.95. Issues with Greenbrier's rail car repair unit and overseas operations, afamiliar set of challenges, hurt the company's profit in the quarter. However, orders were healthy. Despite a "choppy global freight railcar market," according to CEO William Furman, the company took orders for 6,500 rail cars, the same number it delivered in the quarter and up from 4,500 in orders in Q2. Greenbrier has a backlog of 26,100 units worth $2.7 billion, making revenue and cash flow very predictable for the next few quarters. The company expects order activity to increase in 2020, and if it can solve its execution issues, profit should pick up as well. Wellness-oriented food company Simply Good Foods, owner of the Atkins and SimplyProtein brands,reported strong sales and profit growthin the fiscal third quarter, and shares moved up 2%. Revenue increased 30.1% to $139.5 million and earnings per share grew 60% to $0.16. Analysts were expecting the company to earn $0.14 per share on sales of $121 million. Top-line momentum carried over froma strong second quarter, with U.S. retail takeaway, the volume at the point of sale, up 19.5% over the period a year ago. Revenue outpaced retail sales due to shifts in inventory at some key retailers.Gross margindecreased a percentage point due a change in the mix of products sold. Simply Good Foods is seeing its low-carb, low-sugar messaging resonate with consumers. Given the strong third-quarter performance, some investors may have hoped for higher Q4 guidance, which might explain the stock's modest gain today. June retail takeaway growth slowed to 16.2%, but the company is facing a tough comparison next quarter. 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 Jim Crumlyhas no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has adisclosure policy.
July 4th cookout costs have hardly budged this year Fire up the grill this Fourth of July, because low food prices are still favoring the consumer, according to recent reports. For thenearly 90%of Americans planning to celebrate Independence Day this year, the cost of a cookout will be little changed from last year. The average cost of a summer barbecue rose by just over a dime in 2019, according to an American Farm Bureau Federation (AFBF) report published Monday. The average price of meal for 10 people – including hot dogs, cheeseburgers, pork spare ribs, potato salad, chips, baked beans, lemonade and watermelon – rose 11 cents to $52.80 this year. That’s up less than 1% from last year, and averages out to less than $6 per person, the AFBF said. To compile the data, the AFBF sent 114 members out across 34 states to check regularly-priced cookout foods at local grocery stores. The muted price changes aren’t surprising when looking at agricultural market trends, with underlying prices for many farm goods at relative lows this year amid booming production. “Most consumers probably aren’t aware of this, but the farm country is in pretty tough shape,” AFBF chief economist John Newton told Yahoo Finance. “We’ve seen commodity prices fall from their highs in 2014, due to a variety of factors. But most notably, really great weather across the U.S. is leading to record production of many crops and livestock. And that’s led to lower prices for the consumers.” In late June – just ahead of the July 4th festivities – the American hog herd hit its highest level since 1943, and wholesale prices hit their lowest level at that point in the year in a decade, according to aBloomberg report. Meanwhile, live cattle futures declined about 16% for the year-to-date through Tuesday, based onCME Group data. Wholesale prices don’t always perfectly correlate with retail trends. But recently, similar downtrends have materialized in retail food prices among July 4th staples. While retail beef and pork prices have edged up slightly in the last 12 months, both have fallen over the past several years, according to data from theBureau of Labor Statistics. Average retail prices for ground beef – an input for the burgers that typically comprise Fourth of July fare – were $3.82 per pound as of May, down more than 7.5% from the same month in 2015. The AFBF’s data squares up with pricing trends reflected in the Labor Department’s consumer price index, which has seen muted increases over the past year even when including more volatile food price fluctuations. Declines in prices for many July 4th staples have come as a result of supply-side effects, Harry Kaiser, professor at Cornell’s Charles H. Dyson School of Applied Economics and Management, told Yahoo Finance. “Supply is high at the farm level – and it’s not like demand is dropping off,” he said. Demand has held up strongly for barbecue staples around the Fourth of July holiday, and not just in 2019. During the week of July 4th, 2018, American consumers purchased $631 million worth of fresh beef, an increase of 2.1% year-over-year, according to Nielsen data. Consumer spending on hot dogs during the holiday week also rose by low-single-digit percentages last year. That said, tepidity in food price changes this year won’t continue forever – and prices could be set to rise as soon as later this year, Kaiser said. Exceptionally wet spring weather hit a swathe of agricultural hot spots in the U.S. earlier this year, preventing many farmers from getting out into the field and putting crops into the ground. The supply pressure would impact both crop and livestock prices, given animal feed is necessary for sustaining herds. “I’m pretty confident that we’re going to see prices strengthening,” Kaiser said. But any of those pricing impacts wouldn’t materialize until later this year and into next, Kaiser added. “Right now, there’s ample supply out there,” he said. “That’s why the consumer is going to have an affordable Fourth of July cookout.” — Emily McCormick is a reporter for Yahoo Finance.Follow her on Twitter: @emily_mcck Read more from Emily: • Don’t say ‘IPO’: What to know about Slack’s direct listing • Buffett on the American economy, capitalism: ‘It works’ • Tech companies like Lyft want your money – not ‘your opinion’ • Levi Strauss shares jump more than 30% above IPO price at open • Facebook sued by Trump administration for alleged ‘discriminatory’ ad practices • Boeing 737 Max groundings ‘pressure’ U.S. economic data: Wells Fargo Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andreddit. Read the latest financial and business news from Yahoo Finance
Is FFI Holdings Limited's (ASX:FFI) ROE Of 7.2% Impressive? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. We'll use ROE to examine FFI Holdings Limited (ASX:FFI), by way of a worked example. Our data showsFFI Holdings has a return on equity of 7.2%for the last year. That means that for every A$1 worth of shareholders' equity, it generated A$0.072 in profit. See our latest analysis for FFI Holdings Theformula for ROEis: Return on Equity = Net Profit ÷ Shareholders' Equity Or for FFI Holdings: 7.2% = AU$2.5m ÷ AU$35m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. It is all the money paid into the company from shareholders, plus any earnings retained. Shareholders' equity can be calculated by subtracting the total liabilities of the company from the total assets of the company. ROE looks at the amount a company earns relative to the money it has kept within the business. The 'return' is the yearly profit. A higher profit will lead to a higher ROE. So, all else being equal,a high ROE is better than a low one. Clearly, then, one can use ROE to compare different companies. One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. If you look at the image below, you can see FFI Holdings has a similar ROE to the average in the Food industry classification (7.2%). That's not overly surprising. ROE tells us about the quality of the business, but it does not give us much of an idea if the share price is cheap. If you like to buy stocks alongside management, then you might just love thisfreelist of companies. (Hint: insiders have been buying them). Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the use of debt will improve the returns, but will not change the equity. That will make the ROE look better than if no debt was used. FFI Holdings has a debt to equity ratio of 0.13, which is far from excessive. I'm not impressed with its ROE, but the debt levels are not too high, indicating the business has decent prospects. Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises. Return on equity is one way we can compare the business quality of different companies. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have the same ROE, then I would generally prefer the one with less debt. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. 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 I think it may be worth checking thisfreereport on analyst forecasts for the company. Of courseFFI Holdings may not be the best stock to buy. So you may wish to see thisfreecollection of other companies that have 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.
Sofia Richie Unleashes Her Inner Goodness In Frankies Bikini Spread How good does that Slurpee look? There's nothing basic about Sofia Richie . Scott Disick 's girlfriend and Lionel Richie 's daughter scorches in her latest "California Girl" campaign with Frankies Bikinis. We're used to Sofia being Disick's supportive other half, but make no mistake ... this beach babe is a leading lady! Here's 26 lewks from Sofia Richie's sizzling collaboration with the popular swimsuit brand, which launches July 8. Happy scrolling!! Sofia's bad behavior doesn't end there. Jumping on the liquor store countertop, she flaunts a leggy display while slipping into matching socks with weed leaves. While the model is still over a month away from her 21st birthday, there's every bottle of hard booze behind her ... which she'll be able to indulge in with her "Flip It Like Disick" reality show beau on August 24. She takes it outside: Slipping into a navy blue tie-dye string bikini, Sofia moves the shoot into the sunshine. Leaning up against several quarter machines, the model almost gives off an adolescent vibe even though she caused a mess inside. Pairing the look with gold hoops and her insane abs, Sofia shows that she's peaking at her tip-top shape. All her feelings Gucci: Sofia shows that her collaboration goes beyond bikinis and even into beach loungewear. Pulling some matching pants over pink tie-dye bottoms, she shields herself from the sunshine with items definitely not available to purchase with her partnership. Sticking to the California Girl-theme, she accessorizes with a Gucci bucket hat, Adidas socks and checkered Vans. Sk8er girl She may be a pretty face, but she can blend in with any crowd. Wearing minimal makeup, the blonde goddess strikes a pose while skaters board all around her. Changing again into several variations of essentially the same suit, Lionel's daughter shows she's a force to be reckoned with in the fashion world. She trashes a local liquor store: The model may not be old enough to legally drink, but the majority of her shoot takes place in an L.A. liquor store. Story continues Sporting multiple variations of her tie-dye two-piece, she gives her best smize out in front of the iconic store front. Inside though, is where the real fun begins. Besides jumping up on the counter and causing chaos in her barely-there thong, she bares ass on the convenient store floor and goes unglued by throwing the snacks from the shelf all over the store. Other looks we love: Sofia wins at life. The. End.
Phil Neville: England 'touched the hearts of the nation' Phil Neville says his England Lionesses should be proud following their 2-1 World Cup semi-final defeat to USA. Christen Press headed the three-time World Cup winners in front before Ellen White equalised in a frenetic start But Alex Morgan - America’s superstar - headed USA ahead again to halt the Lionesses charge to the final. And manager Neville hailed his players for leaving their ‘hearts and souls on the pitch’ in the narrow defeat. READ MORE: Women's World Cup: Alex Morgan downs valiant England as Lionesses fall short of final berth England's Ellen White celebrates after her equaliser. (AP Photo/Francois Mori) United States' Alex Morgan celebrates her side's winning goal. (AP Photo/Alessandra Tarantino) “My players gave me everything,” the former Manchester United player told the BBC . “We said we wanted to leave our hearts and souls on the pitch and we did. “We went toe to toe with the best side in the world. We gave everything. They showed great experience at the end to keep the ball in the corner. "We just ran out of steam. I asked them to play football the way we wanted. We've done our very best. United States' Alex Morgan celebrates what ended up being the winning goal (AP Photo/Francois Mori) England's coach Phil Neville (C) comforts England's forward Ellen White (Photo by Philippe DESMAZES / AFP) “There should be no tears tonight, they should be proud. They have touched the hearts of the nation back home. I’m happy.” England’s run to the World Cup semi-final saw an upsurge in women’s football viewership - with 7.6million tuning in to watch the quarter-final victory against Norway. But players and fans alike were left frustrated by a second-half goal by White which was disallowed by the video assistant referee - a decision which seemed correct by the narrowest of margins. But they were awarded a late penalty after White - who scored her sixth goal of the tournament earlier in the match - was fouled from close range. Returning captain Steph Houghton stepped up after a five-minute stoppage in play, but was denied by USA goalkeeper Alyssa Naeher. Steph Houghton with Phil Neville at full time (Photo by Molly Darlington - AMA/Getty Images) Alyssa Naeher saves a penalty from Steph Houghton (Photo by Robert Cianflone/Getty Images) And Neville hailed her ‘amazing’ character while backing the Manchester City captain to bounce back. “She has had an incredible year, she is an amazing person on the pitch and off the pitch. “She will deal with it in the way that she does. She’ll be upset, disappointed. Story continues “She’s been phenomenal, no blame should be attached to her.” Featured from our writers Women's World Cup: Alex Morgan downs valiant England as Lionesses fall short of final berth Eoin Morgan tells England to add consistency to their game and end group stages with New Zealand win Departed Newcastle boss Rafael Benitez tells fans: 'The club did not share the same vision'
Natural Gas Price Prediction – Prices Slip Ahead of Inventories Numbers Natural gas prices moved lower on Tuesday, and was unable to capture resistance. Demand is likely expected to move lower given the normal weather forecast that is expected to cover most of the United States for the next 2-weeks. There is also no expected tropical weather expected in the Atlantic over the next 48-hours which is keeping prices capped. Natural gas prices moved lower on Tuesday but continue to remain range bound. Medium term momentum is neutral as the MACD (moving average convergence divergence) histogram is printing near the zero index level with a flat trajectory which reflects consolidation. Short term momentum has turned negative as the fast stochastic generated a crossover sell signal. The current reading on the fast stochastic is 40, which is in the middle of the neutral range and reflects consolidation. Natural gas analysts estimates of the weekly net change from working natural gas stocks ranged from net injections of 95 Bcf to 111 Bcf, with a median estimate of 100 Bcf. The average rate of net injections into storage is 39% higher than the five-year average so far in the refill season which is April through October. If the rate of injections into storage matched the five-year average of 9.2 Bcf per day for the remainder of the refill season, total inventories would be 3,521 Bcf on October 31, which is 171 Bcf lower than the five-year average of 3,692 Bcf for that time of year. Thisarticlewas originally posted on FX Empire • Cardano’s ADA Technical Analysis – Support Levels in Play – 04/07/19 • E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – In Position to Challenge All-Time High at 7910.75 • Crude Oil Price Forecast – Crude oil markets bounced slightly on Wednesday • Gold Price Forecast – Gold markets gap higher • Gold Price Futures (GC) Technical Analysis – Traders Respecting Short-Term Pivot at $1413.80 • Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 04/07/19
UPDATE 4-Trump administration retreats on census citizenship question (Adds Trump tweet in paragraphs 2, 9) By Karen Freifeld and Andy Sullivan NEW YORK/WASHINGTON, July 2 (Reuters) - In a stinging defeat for President Donald Trump, his administration ended its effort to add a citizenship question to the 2020 U.S. census, saying that it will begin printing forms that do not include the contentious query. But, nevertheless, Trump later indicated he would still try to get the "most vital" question included on the questionnaire. White House and Justice Department officials confirmed the decision to end the effort to add the question, which came in the aftermath of a Supreme Court ruling on June 27 that faulted the administration for its original attempt to add it. "I respect the Supreme Court but strongly disagree with its ruling regarding my decision to reinstate a citizenship question on the 2020 census," Commerce Secretary Wilbur Ross said in a statement. "The Census Bureau has started the process of printing the decennial questionnaires without the question. My focus, and that of the bureau and the entire department, is to conduct a complete and accurate census," Ross said. Although the Supreme Court left open the possibility of the administration adding the question, there was little time left for the government to come up with a new rationale. The government had said in court filings that it needed to finalize the details of the questionnaire by the end of June. After the ruling, Trump tweeted that he was consulting lawyers about delaying the census so that the question could be added. In a late night tweet on Tuesday, Trump said, "I have asked the Department of Commerce and the Department of Justice to do whatever is necessary to bring this most vital of questions, and this very important case, to a successful conclusion. USA! USA! USA!" Critics have called the citizenship question a Republican ploy to scare immigrants into not taking part in the population count and engineer an undercount in Democratic-leaning areas with high immigrant and Latino populations. That would benefit non-Hispanic whites and help Trump's fellow Republicans gain seats in the U.S. House of Representatives and state legislatures, the critics said. “In light of the Supreme Court's ruling, the Trump administration had no choice but to proceed with printing the 2020 census forms without a citizenship question. Everyone in America counts in the census, and today's decision means we all will,” said Dale Ho, a lawyer with the American Civil Liberties Union, which had fought the Trump administration in court. NOT INCLUDED SINCE 1950 The Trump administration had told the courts that its rationale for adding the question was to better enforce a law that protects the voting rights of racial minorities. Critics called that rationale a pretext, with the Supreme Court's majority embracing that theory. The court's 5-4 ruling, which saw conservative Chief Justice John Roberts join the court's four liberals in the majority, ultimately proved decisive. “While the Trump Administration may have attempted to politicize the census and punish cities and states across the nation, justice prevailed, and the census will continue to remain a tool for obtaining an accurate count of our population,” said New York Attorney General Letitia James, who also challenged the question. The census is used to allot seats in the U.S. House of Representatives and distribute some $800 billion in federal funds. Opponents have said the citizenship question would instill fear in immigrant households that the information would be shared with law enforcement, deterring them from taking part. Citizenship status has not been asked of all households since the 1950 census. Since then, it was included only on questionnaires sent to a smaller subset of the population. Manhattan-based U.S. District Judge Jesse Furman ruled on Jan. 15 that the Commerce Department's decision to add the question violated the Administrative Procedure Act. Federal judges in Maryland and California also have issued rulings to block the question. Furman said the evidence showed that Ross had concealed his true motives for adding the citizenship question and that he and his aides had convinced the Justice Department to request it. Evidence surfaced in May that the challengers said showed the administration's plan to add a citizenship question was intended to discriminate against racial minorities. (Reporting by Karen Freifeld, Eric Beech, Andy Sullivan, Andrea Shalal, David Shepardson and Steve Holland and Rich McKay Writing by Lawrence Hurley Editing by Doina Chiacu and Bill Berkrot)
Trump's July 4: Patriotic or self-promoting? The 360 is a feature designed to show you diverse perspectives on the days top stories. Speed read What's happening: The Fourth of July is always a major celebration, especially in the nation's capital. This year, President Trump is planning a bigger event in Washington, D.C., than anything that's come before. The "Salute to America" will feature a massive fireworks display, military aircraft flyovers, music and an address by the president from the Lincoln Memorial. Trump has said tanks will be part of the proceedings as well. The National Mall has featured a July 4 concert and fireworks display for decades, but Trump's planned festivities are expected to be much grander in scale. The president has reportedly been heavily involved in planning the ceremonies. Why there's debate: Critics argue that Trump is putting himself at the center of the celebration, making the event more about him than Americans as a whole. Others are concerned the celebration will serve as a de facto Trump campaign rally a major change from what has traditionally been a nonpartisan occasion where previous presidents kept a lower profile. Making politically aimed remarks at the event may even be illegal , some say. Some have made the case that Trump is dishonoring the military by centering himself in an event that's intended to honor their service. There are also questions about using taxpayer dollars to fund such a massive enterprise, especially when the president may personally make money from it. Trump's defenders argue that, as president, he is free to mark Independence Day however he wants. They say Trump will only play a small part in what will be a larger celebration of the country and military. Some make the case that Trump has shown an ability to mute the bombastic tone he uses at rallies and speak in a style fitting the occasion, as he did with his remarks last month on the anniversary of D-Day . Perspectives: The event is aimed at celebrating Trump, not America "I think it's safe to say that President Donald Trump wants this July 4 to be all about him." Dean Obeidallah, CNN Story continues "Most presidents understand that the theme of the day is 'we the people,' not 'me, me, me.'" Eugene Robinson, the Washington Post Having one central spectacle is not the point of the Fourth of July "What makes July 4 great is its very American localism. Each neighborhood has its own fireworks show. Small towns throw parades celebrating our veterans and our soldiers, sailors, Marines, and airmen. People gather with neighbors for barbecues full of hot dogs and pies. The capital city and the federal government arent what make the country great." Jason Russell, Washington Examiner The event can be a success if Trump strikes a tone worthy of the occasion "Trump is the president, and the fact that he is unpopular with many Americans doesnt mean he should absent himself from ceremonial occasions at which his presence is required. Sometimes he rises to such occasions." Editorial, Los Angeles Times The celebration risks becoming a Trump 2020 campaign event "He wants to turn the annual Fourth of July celebration in Washington, D.C., into yet another Trump rally. Editorial, York Dispatch The event will be a celebration fitting Trump's flair for the grand spectacle "From his now-famous Trump Tower escalator ride to announce his 2016 campaign to last weekends historic saunter into North Korea, President Trump has never been one to shy away from a spectacle. And the president, in full executive producer mode, is similarly putting his mark on this week's Fourth of July festivities in Washington, D.C." Andrew O'Reilly, Fox News The Fourth of July event has historically been free of politics "But in hijacking Americas birthday party, Mr. Trump is doing more than merely indulging his petty narcissism. He is trampling a longstanding tradition of keeping these events nonpartisan apolitical even and focused on bringing the nation together." Michelle Cottle, The New York Times Trump's presence will stoke divisions among Americans "If this Presidents past rallies are any indication, a national address as part of the Fourth of July celebration which will be taxpayer-funded has the potential to divide and polarize and is the very opposite of what our nation should exemplify on the holiday." Jeremy Tyler, Time Military vehicles are typically only used in ceremonies run by authoritarian regimes "It seems Pres. Trump wants a militarized Fourth of July celebration more similar to the kinds of events overseen by dictators like his buddy Kim Jong-un. I prefer the Boston Pops, hot dogs, and Uncle Sams on stilts." Dan Rather, Twitter Read more 360s Is Joe Biden out of touch on race? Should the media publish graphic news images? Legal weed: Should past crimes be cleared?
Tesla's car deliveries rebound, but challenges still abound Tesla delivered more electric cars in the second quarter than any three-month period in its history, alleviating concerns that demand is waning for its stylish vehicles as tax incentives in its main U.S. market begin to phase out. Despite the heartening news Tuesday, Tesla still hasn't proven it can consistently make money despite repeated promises from CEO Elon Musk to reverse the company's long history of losses. And Tesla still must pick up its pace of deliveries during the final half of the year to hit the ambitions target set by Musk. The company said it handed over 95,200 vehicles to customers worldwide from April through June, breaking its previous quarterly record of 90,700 set during the final three months of last year. After finishing last year with a flourish, Tesla's sales engine sputtered to start this year. It had only 63,000 deliveries of its Model S, X and 3 vehicles during the first quarter, a 31% drop from last year's fourth quarter that alarmed investors. That slowdown, coupled with ongoing losses that have raised worries about Tesla's financial health , is the main reason that Tesla's stock had plunged by more than 30% so far this year. The second-quarter delivery numbers triggered a relief rally, causing Tesla's stock to surge nearly 7% to $239.77 in Tuesday's extended trading. Tesla will now have to prove it can maintain the second quarter momentum and turn a profit, too. The Palo Alto, California, company is aiming to deliver 360,000 to 400,000 vehicles for the full year. Just to hit the low end of that target, it will have to deliver more than 200,000 cars in the final half of the year. That could be difficult, given Tesla buyers will be getting smaller tax credits than they had been previously. The U.S. tax credit for electric cars stood at $7,500, and then got cut half during the first half of this year. It is now shrinking again, to $1,875 through the rest of this year, before being eliminated entirely next year. Story continues Cowen analyst Jeffrey Osborne wrote in a note to investors Tesla's full-year delivery guidance "reflects an extremely optimistic" second half. The third quarter, he wrote, will give a real picture of how steady demand is for the company's top-selling Model 3, which starts at $35,000. He also questions Tesla's ability to post sustained profits. "We continue to see risks with the company's growth story, which we believe is likely to be challenged as competition enters the market," he wrote. "Simply, we see a lot more that can go wrong than can go right." Musk himself has already acknowledged Tesla will post a loss for the past quarter, but forecast profits after that — something he also did last year, only to be proven wrong. Analysts polled by FactSet are predicting the company will absorb a loss of about $228 million for the second quarter. If those projections hold true, Tesla will have lost nearly $1 billion during the first half of this year. Tesla is expected to release its results for that period late this month or early next month. Morgan Stanley analyst Adam Jonas wrote in a note that his investor clients see a large "air pocket" of sales to the start of the third quarter "setting up for a rerun of concerns around demand and cash flow." Tesla so far has been able to stay afloat by borrowing heavily, something it did again earlier this year when it raised more than $2 billion to help pay its bills. ___ Associated Press Business Writer Cathy Bussewitz in New York contributed to this report.
What Kind Of Shareholder Owns Most Fiducian Group Limited (ASX:FID) Stock? 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 Fiducian Group Limited (ASX:FID) should be aware of the most powerful shareholder groups. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Fiducian Group is a smaller company with a market capitalization of AU$164m, so it may still be flying under the radar of many institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about FID. View our latest analysis for Fiducian Group Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors own 20% of Fiducian Group. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Fiducian Group's earnings history, below. Of course, the future is what really matters. Fiducian Group is not owned by hedge funds. There is some analyst coverage of the stock, but it could still become more well known, with time. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. It seems insiders own a significant proportion of Fiducian Group Limited. It has a market capitalization of just AU$164m, and insiders have AU$70m worth of shares in their own names. It is great to see insiders so invested in the business. It might be worth checkingif those insiders have been buying recently. The general public holds a 34% stake in FID. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Our data indicates that Private Companies hold 4.1%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Many find it usefulto take an in depth look at how a company has performed in the past. You can accessthisdetailed graphof past earnings, revenue and cash flow. Ultimatelythe future is most important. You can access thisfreereport on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
US Watchdog Groups Call for Congress to Put a Freeze on Facebook’s Libra A group of North American privacy and consumer watchdogs is asking the U.S. Congress to haltFacebook‘sLibraproject. In a letterposted byPublic Citizen, the group details a list of issues they have with Facebook’s cryptocurrency. The more than 30 signers include the Center for Digital Democracy, Consumer Reports, and the Service Employees International Union. “We call on Congress and regulators to impose a moratorium on Facebook’s Libra and related plans until the profound questions raised by the proposal are addressed,” they write, echoingsimilar demandsby House Financial Services Committee Chair Maxine Waters. Her panel and its Senate counterpart are scheduled to hold hearings on Libra this month. Related:UK Regulators Want a Long Look at Libra, Admonish Facebook’s Mantra to ‘Move Fast, Break Things’ Primarily liberal-leaning, these groups are concerned with the effect Libra will have on the world economy, especially in the lives of the unbanked. The signers are also concerned with the currency’s governance and its effect on national sovereignty, asking questions like “What impact might Libra have on monetary policy in smaller and developing countries?” The questions, though thorough, suggest the writers are unaware of the extent to which cryptocurrency business already comply with know-your-customer (KYC) and anti-money-laundering (AML) regulations. For example, the group asks: “Wouldn’t Libra provide an easy mechanism for money laundering? Would the Libra Association apply the anti-money laundering rules imposed by many nations? Would its technology even permit ‘know your customer’ type standards? Will all wallet providers be required to adhere to such rules? Should a private association be in the business of applying such standards?” Related:Facebook’s Inches Towards Global Regulatory Compliance, Applies for New York BitLicense “We have too much recent experience with insufficiently regulated financial markets spinning out of control to let this happen again,” the consumer groups add, likely referring to the 2008 crash. “The Facebook proposal must be put on hold until these numerous and fundamental questions are resolved.” Obviously, this is not a binding document, but that these groups – and their associated constituencies – are concerning themselves with Libra shows just how far Facebook’s tendrils are reaching into daily life. Libraimage via Shutterstock. • Russia Won’t Ban Facebook’s Libra Currency, Deputy Finance Minister Says • BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’
Gaming Stocks to Consider After Macau Revenues Rise Global economic worries have circulated as the enthusiasm from the temporary tariff ceasefire between the U.S and China fades. Even though trade deal talks are set to resume between the two countries, any agreement is likely further down the line. Despite some uncertainty in the current economy, investors have still decided to bet on gaming stocks. News of the U.S and China agreement to hold off tariffs while they resume trade negotiations sent gaming stocks such as Wynn Resorts WYNN up by as much as 4.34%. In addition, Casino stocks increased after Macau, China’s only city in which gambling is allowed, reported a jump in revenue. Despite an economic slump in China, people still flocked to the gambling capital, sending revenue up 6% last month from a year earlier. What gaming stocks can also reel in some solid returns? Let’s take a further look into which gaming stocks hold stand out growth potential. Las Vegas Sands The gaming company has been operating casinos in Macau since 2002 and saw its stock rise 4.9% in response to the strong revenue report. Las Vegas Sands LVS is currently sitting at a Zacks Rank #3 (Hold) and has been able to go up 19.3% on the year. Zacks Consensus Estimates are currently projecting year to year earnings growth of 8.11% to go along with a 2.58% spike in revenue for the current quarter. Estimates are also calling for a 9.04% bottom line jump with a 2.21% sales hike for the current year. Furthermore, the gaming giant is currently trading at 17X its forward earnings, which is at a discount relative to the industry average of 21X forward earnings. Penn National Gaming This gaming giant is another stock that has been able to make some solid moves recently. The company is up 10.8% during the past four weeks and is looking to keep its positive strides going. Penn National Gaming PENN is currently a Zacks Rank #2 (Buy) and is looking to build off of some solid revenue projections. Consensus Estimates are currently forecasting a whopping 70.06% revenue surge, along with a 10.53% earnings rally for the next quarter. Year over year earnings are also expected to increase by 53.76% on the back of 47.18% revenue expansion for the current year. Penn National Gaming is also currently trading at a discount relative to its industry and has been for the better part of a year, further cementing its appeal. Churchill Downs This gaming stock has been on an absolute tear lately, up 43.9% on the year. Churchill Downs CHDN, the world's most legendary racetrack, has conducted thoroughbred racing and presented America's “greatest race,” the Kentucky Derby. In addition to the Kentucky Derby, the company operates six casinos, Big Fish games, and operates TwinSpries.com which is a video poker business. The gaming company is resting at a Zacks Rank #3 (Hold) at the moment and is coming off a solid quarter. The company was able to surpass our Zacks Consensus Estimate of $0.40 by $0.23, for an EPS surprise of 57.50%. The stock has made it a habit of crushing our Estimates, with an average EPS surprise of 21.30% over the last four quarters. Estimates call for earnings to increase 69.81% on 41.57% revenue expansion for the next quarter. Furthermore, Churchill Downs is expected to see double-digit earnings growth through 2020. This Could Be the Fastest Way to Grow Wealth in 2019Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated+98%,+119%and+164%gains in as little as 1 month.Click here to see these breakthrough stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportWynn Resorts, Limited (WYNN) : Free Stock Analysis ReportChurchill Downs, Incorporated (CHDN) : Free Stock Analysis ReportLas Vegas Sands Corp. (LVS) : Free Stock Analysis ReportPenn National Gaming, Inc. (PENN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
The US-China trade war may ruin Christmas Those rolls of gift wrapping paper decorated with Christmas trees, snowmen, and candy canes are one of the casualties of the U.S.-China trade war, even though the holidays are more than five months away. “We’ve always said from a small business perspective that the longer this trade tiff dispute war goes on the broader the impact on the economy and small business,” said Karen Kerrigan, the president and CEO of theSmall Business and Entrepreneurship Council.She told Yahoo Finance’sOn the Movethat plenty of people have gift wrapping paper left over from last year, “but the kids want all new paper” and a lot of that paper is made in China. A report onAljazeera.comhighlighted the plight ofMax Fortune LTD, a paper making company headquartered in Hong Kong with plants in China. The company calls itself “one of the leading paper products manufacturers that has a customer base ranging from Europe and North America to the Far East.” It produces paper products like greeting cards, stationery and gift wrap. Seventy percent of its production is exported to the United States. But Max Fortune’s managing director told Al Jazeera that his factory is running at 60% capacity because of the trade war and he may have to move production to factories outside of China if it doesn’t end soon. Gift wrap is included in the list of products currently subject to a 25% tariff by theUnited States Trade Representative. Yahoo Finance reached out to Max Fortune for comment and is awaiting response. The global gift packaging market generated $12.2 billion in sales, the largest percentage of which took place in the U.S., according to a report published by research firmFuture Market Insights, FMI, last fall. Hallmarkreports $4 billion in annual revenue and is among the five global companies FMI identified as key manufacturers. The Kansas City-based privately held company declined to comment but Sarah Moe, Hallmark Card’s federal affairs manager, testified last month before the USTR and said, “There are some products that, for cost or capability reasons, cannot be made here. Many of those products are currently sourced in China.” She said it will take time for Hallmark to change its supply chain and exit China. The trade war will likely become a bigger problem for U.S. as the holidays approach, but for now the challenges are more immediate and apparent in China, said the SBE Council’s Kerrigan. Manufacturers like Max Fortune may move outside of China to produce gift wrapping paper and according to Kerrigan it is just a diversion and disruption that may be counterproductive for businesses. “From our perspective, that hurts innovation that hurts growth. I mean that is time and money that should be going into growing the business,” she said, adding that manufacturers may not be able to ramp up in time for holiday demand in the U.S., opening a new front in the so-called war on Christmas, a trade war. Adam Shapiro is co-anchor of Yahoo Finance On the Move. Read the latest financial and business news from Yahoo Finance • Money problems keep most Americans up, but here's how to sleep better • Chewy CEO on IPO day: 'There’s a lot more growth in front of us' • Beware of canceling your credit card, it will hurt you • U.S. warns cryptocurrency exchange operators to comply with regulations Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,SmartNews,LinkedIn,YouTube, andreddit.
When exactly did Kevin Durant and Kyrie Irving want to be Nets? It has been a week since Bleacher Reports Ric Bucher first reported that Kevin Durant and Kyrie Irving were plotting for weeks, if not months, to play together, and the two days since their commitments to the Brooklyn Nets have seen multiple confirmations that their plan had indeed been hatched months ago, if not longer. Irving himself told us on Instagram that his love for the Nets began in fourth grade. In my heart, he said, I always knew I wanted to play at home. View this post on Instagram A post shared by Kyrie Irving (@kyrieirving) on Jul 1, 2019 at 9:14am PDT Buchers colleague at Bleacher Report, Howard Beck, reported on Monday that Durant and Irving laid the groundwork last summer over a series of conversations, concocting a vague plan to join forces on a to-be-determined team, namely Irvings Boston Celtics or one of the two New York teams the Nets and Knicks. Rewind to October, when Irving informed Celtics season-ticket holders , Ive shared it with some of my teammates as well as the organization as well as everyone else in Boston. If you guys will have me back, I plan on re-signing here next year. Back to Monday, when The Athletics Marcus Thompsons sources have said for months they planned this, with Durant preferring the Knicks and Irving the Nets. Kyrie Irving talks with Kevin Durant after a game March 5. (Photo by Ray Chavez/MediaNews Group/The Mercury News via Getty Images) Rewind to February, when the Knicks traded Kristaps Porzingis to clear two max salary slots . Thats the day Irving walked back his commitment to Boston, saying in reference to his free agency, Ask me July 1, At the end of the day, Im going to do what I feel is best for my career, and, of course, I dont owe anybody s---. It was then that Durant went media silent, and then railed against The Athletics Ethan Strauss for daring to ask why , all amid a growing concern around the Golden State Warriors that the two-time Finals MVP already had one foot out the door. Im trying to play basketball, Durant said. Yall come in here every day, ask me about free agency, ask my teammates, my coaches, rile up the fans about it. Let us play basketball. Thats all Im saying. Now when I dont want to talk to yall, its a problem with me. Cmon man. Grow up. Grow up. Yeah, you, grow up. Cmon, bro. Kevin Durant upset with the media and the free agency talk pic.twitter.com/sv1atROacy Mark Medina (@MarkG_Medina) February 7, 2019 On Feb. 11, ESPNs Ramona Shelburne published a long-form feature on Durant, which included a nugget about him moving his business to New York. A week later, Irving took offense when reporters had the gall to ask him about a video that appeared to show him and Durant discussing two max slots at All-Star Weekend. Story continues This is the stuff that just doesnt make the league fun, Irving said. It doesnt make the league fun, nobody helps promote the league anymore by doing bulls--- like that, of just fictitious putting things on what were talking about. Its just crazy. Kyrie's reaction when asked about his viral conversation with Kevin Durant #Celtics pic.twitter.com/OHeqvlCS8u gary washburn (@GwashburnGlobe) February 21, 2019 By mid-March, Knicks owner James Dolan conceded to ESPN Radio that players and their representatives had informed him that they want to play in New York. Back to Tuesday, when The New York Times Marc Stein reported that a shared desire to live in New York, combined with a season-long Brooklyn recruiting pitch via Spencer Dinwiddie, had Durant and Irving mentioning the Nets attractiveness as a free-agent alternative to the Knicks before the end of the regular season. Rewind to the completion of the regular season, when, according to ESPNs Jackie MacMullan , the Celtics asked the entire team to sign a set of 100 basketballs for their charitable partners, and all reportedly obliged but Irving. When pressed to do it, MacMullan reported, citing team sources, he was neither aggressive nor confrontational. He merely said, No, I'm not interested in that." Irving told reporters he was putting a lot of bulls--- from the regular season behind him and cant wait for the playoffs, when well be fine, because Im here . He reprimanded the media for causing distractions, turning his focus to the court. By the second round, Irving had lost that focus, taking ill-advised shots on offense and playing worse on defense in an embarrassing series loss to the Milwaukee Bucks. Not long afterward, in the week prior to rupturing his Achilles tendon, Durant told Yahoo Sports Chris Haynes during the Finals, I cant be recruited. Write that. Back to Monday, when Jay Williams, host of Durants ESPN show, The Boardroom, said on The Lowe Post podcast that Brooklyn feels like home to the superstar, who, like Irving, is from further down the Eastern seaboard. It was Kyrie, Williams said of why Durant ultimately chose the Nets over the Knicks. I think it was Kyrie. I think it was the franchise. I think it was [Brooklyn general manager] Sean Marks. I think it was the way they handled themselves throughout the process. I think it was the way that Sean has maneuvered different schemes from Day 1, when he traded Thaddeus Young and got Caris LeVert. Williams later added, The Kyrie Irving-Kevin Durant relationship is so incredible. ... Him and Kyrie have something special. They have a bond. I cant really explain it. In all the reports about the roots of this alliance over the past week, there was much discussion of when Durant switched his New York allegiance from the Knicks to the Nets, most of which settled on the idea that Brooklyn built a competitive team, and that Irving would need that roster to help build a contender after Durants injury. What is less of an accepted explanation is when Irvings allegiance switched to Brooklyn. If you hear him tell it on Instagram, it was 2002, just after the Nets got swept by the Los Angeles Lakers in the Finals, which falls in line with what a league source told me back when Irving first asked out of Cleveland that the draw of New York will always be real for him. That does not quite explain why he told season-ticket holders at TD Garden in October that he would stay in Boston. It takes piecing together some clues from MacMullans autopsy of Bostons season to come up with a better explanation. Irvings tenure with the Celtics seemed to sour at some point between November, when he said they needed a veteran to steady the ship, and January, when he repeatedly criticized the younger teammates that led them to Game 7 of the Eastern Conference finals the season before. His relationship with Danny Ainge reportedly took a turn for the worse in the aftermath, when the Celtics president of basketball operations questioned his leadership style. It was also January when, according to MacMullan, Irving took issue with his young teammates who spent a late night in South Beach between back-to-back losses to the Miami Heat and Orlando Magic, the second of which ended with him showing up Gordon Hayward and Jayson Tatum on the court for not giving him the last shot. Within weeks, Irving pulled his public commitment to the Celtics. He and Durant were chastising the media for asking about their intentions, all around the time they reportedly began seriously considering a joint move to New York. Then, before free agency began, they were Nets, never even giving the Knicks a meeting. Durant gave everything he had to the Warriors, who may have won a third straight title had he not torn his Achilles. It is harder to say the same of Irvings last few months in Boston. This is all fine. They are grown men who have earned the right to work wherever they want. As Irving said, they really dont owe anybody s---. But, if they want people to believe this narrative that Brooklyn is home and perhaps even always has been they might want to clarify this timeline a bit. Heres hoping they both find with the Nets what they have reportedly been seeking together for weeks, if not months, if not last summer, if not since childhood. Ben Rohrbach is a staff writer for Yahoo Sports. Have a tip? Email him at rohrbach_ben@yahoo.com or follow him on Twitter! Follow @brohrbach More from Yahoo Sports: Nike pulls shoe after Kaepernick raises racial concerns Angels pitcher, family man Skaggs gone too soon Yankees Stanton posts heartfelt message after Skaggs death Broncos preview: Replacing Manning has been tough View comments
Girl, 19, gets body-shamed at church Jenna, 19, got fat-shamed for wearing shorts at church. (Photo: Twitter) A 19-year-old girl from Swansboro, N.C. was fat-shamed at church on Sunday, when a congregation leader followed her to the bathroom and told her, “Fat girls don’t wear shorts.” The teen, who goes by Jenna on Twitter, took to her social media to share a video that she captured when a woman named Bonnie Sue confronted her in the bathroom of Swansboro United Methodist Church. When the clip starts, Sue is seemingly referring to another churchgoer when she says, “She’s a chubby girl. She’s got a dress on that’s appropriate.” When Jenna responds, “So you’re sitting here calling me fat?” Sue counters, “Oh, you don’t think you are?” This women followed me into the bathroom and attacked me calling me fat and that I couldn’t wear jean shorts because I was too fat pic.twitter.com/xse8lKfQdo — Jenna 🦊 (@roo_jenna) June 30, 2019 Jenna is heard breaking down into tears, while Sue continues to taunt and threaten her. “Don’t come back on that stage with those shorts,” Sue said. “I’m warning you.” According to an explanation included in Jenna’s Twitter thread, the teen is a member of the contemporary band at her church, but writes “I will never get back up on the stage to sing again.” Just wanted to add this pic.twitter.com/SWwiMSWL2T — Jenna 🦊 (@roo_jenna) June 30, 2019 “I’m honestly shocked and upset that this happened at church,” she wrote. “I should feel accepted and loved and now I don’t want to go back to that church.” The pastor of Swansboro United Methodist Church, G. Kevin Baker, provided Yahoo Lifestyle with a statement that was sent to the community on Tuesday. Jenna also added the letter as an update to her thread. The lead pastor sent this out to people ❤️(since some of you found the church, also please don’t be a bully back nothing will be solved from that... an eye for an eye makes the whole world go blind) pic.twitter.com/r875AP33ak — Jenna 🦊 (@roo_jenna) July 2, 2019 “It has come to our attention that great harm has been done in an incident that occurred this past Sunday where a faithful and very gifted young lady and worship leader was body shaming for her appearance,” the statement reads. “We are shocked and saddened by this act. The Church is supposed to be a place of safety, love and acceptance.” Story continues According to Jenna’s thread, the pastor told her that Sue won’t be working in any sort of committee or in any leadership role at the church ever again. In an email to Yahoo Lifestyle, Baker also noted that Sue and is a church member and not an employee. Beyond the pastor’s support, however, Jenna has received an outpouring of love from thousands of Twitter users — including actress and body positive activist Jameela Jamil. So horrified to watch what you were put through. You don’t deserve that. You look fucking brilliant in those shorts. That woman is an arsehole. Well done for fighting back. I didn’t have the courage to do that when I was younger. You’re so inspiring. Sending you love. ❤️ — Jameela Jamil 🌈 (@jameelajamil) July 2, 2019 This breaks my heart. Her behavior is so cruel and ugly. Keep singing and keep shining. She is clearly not an authority on any kind of loving God. — Shannon Purser (@shannonpurser) July 2, 2019 This is terrible. I hope you know you can wear whatever you want ESPECIALLY THOSE FUCKING SHORTS — Jazzmyne Robbins (@jazzmynejay) July 2, 2019 I’m so angry you had to experience this. I have nothing to take the pain away but please kno you are loved and amazing just as you are, and that I will take time to hex her tonight. — Dani Fernandez (@msdanifernandez) July 2, 2019 So sorry this happened to you. You are amazing. — Randi Mayem Singer (@rmayemsinger) July 2, 2019 I wear shorts like yours all the time. You and I shall rock the world with our beautiful bodies and badass shorts💕 pic.twitter.com/ZfE3afaVQM — we are giants🏳️‍🌈💕 (@fujiokathemocha) July 2, 2019 Jamil also retweeted the video onto her own page where she made a statement about the “daily harassment people receive over their size.” This is the daily harassment people receive over their size. Even at the hands of people old enough to know better. Even in sacred places. Even in their own doctor’s practices. Our hypernormalization of policing and ridiculing fat bodies is what leads to this brazen bullying. 💔 https://t.co/SXfYMu80q5 — Jameela Jamil 🌈 (@jameelajamil) July 2, 2019 “Even at the hands of people old enough to know better. Even in sacred places. Even in their own doctor’s practices,” she wrote. “Our hypernormalization of policing and ridiculing fat bodies is what leads to this brazen bullying.” Read more from Yahoo Lifestyle: Woman with 'disgusting' hairy armpits in Nike Instagram sparks debate: 'STOP DEGRADING HER' People are grossed out by razor company telling women they don't have to shave: 'It's just tacky' Woman ‘horrified’ by gym's body-shaming email: 'Call it what it is ...FAT' Follow us on Instagram , Facebook and Twitter for nonstop inspiration delivered fresh to your feed, every day.
Read This Before Selling EQT Holdings Limited (ASX:EQT) Shares Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we'll take a look at whether insiders have been buying or selling shares inEQT Holdings Limited(ASX:EQT). It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required. We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia Universitystudyfound that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'. View our latest analysis for EQT Holdings Independent Director Kevin Eley made the biggest insider purchase in the last 12 months. That single transaction was for AU$143k worth of shares at a price of AU$22.30 each. Even though the purchase was made at a significantly lower price than the recent price (AU$30.85), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices. In the last twelve months insiders paid AU$275k for 12059 shares purchased. In the last twelve months EQT Holdings insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! There are plenty of other companies that have insiders buying up shares. You probably donotwant to miss thisfreelist of growing companies that insiders are buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. EQT Holdings insiders own about AU$26m worth of shares. That equates to 4.1% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in EQT Holdings and their transactions don't cause us concern. Therefore, you should should definitely take a look at thisFREEreport showing analyst forecasts for EQT Holdings. Of courseEQT Holdings may not be the best stock to buy. So you may wish to see thisfreecollection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
U.N. aviation agency to review global pilot training in shadow of 737 MAX crashes By Allison Lampert MONTREAL, July 2 (Reuters) - Global regulators will meet in Montreal next week to review pilot licensing requirements, the U.N.'s aviation agency said, as part of a discussion that has gained urgency following two fatal crashes of Boeing 737 MAX aircraft in the past year. It is the first time that the International Civil Aviation Organization (ICAO), which sets global standards for 193 member countries, will undertake such a broad review on training requirements. While the meeting was not called in response to the MAX crashes in Indonesia last October and in Ethiopia in March, it coincides with a larger debate on whether increasingly automated commercial jets are compromising pilot skills. The 737 MAX has been grounded https://www.reuters.com/article/us-ethiopia-airplane-faa-boeing-exclusiv/u-s-regulator-cites-new-flaw-on-grounded-boeing-737-max-idUSKCN1TR30J worldwide and could not be back in service for months yet. Most attention surrounding the two 737 MAX crashes that killed a total of 346 people focuses on suspected flaws https://www.reuters.com/article/us-ethiopia-airplane-southwest/boeing-sees-fix-for-latest-737-max-software-flaw-in-september-idUSKCN1TS26Q in an automated stall-prevention system called MCAS, which Boeing Co implemented to make the MAX perform like previous 737 models. But the training given to pilots to allow them to handle such problems smoothly is also under scrutiny, expanding an industry debate over pilot skills that has been raging for years as crew spend less and less time flying aircraft manually. "Recently, with current events, people are discussing whether the minimum requirements or experience are still valid,(or) should we review that?" ICAO's chief of operational safety Miguel Marin told Reuters. In addition to regulators, representatives of a global pilots group are expected to attend the July 8-12 meeting, Marin said. Marin called the meeting a "first step," with any eventual change up to regulators. In the United States, the Federal Aviation Administration increased the number of required training hours for commercial pilots from 250 to 1,500 in 2013, a move that some players have criticized as excessive, particularly as the industry grapples with future pilot shortages. At the Montreal meeting, regulators will discuss flying hours and competency-based training, where pilots demonstrate skills like landing an airplane, as opposed to focusing on learning to fly and accumulating hours regardless of aircraft type. ICAO's multi-crew pilot license created in 2006 focused on competency based training, where pilots need 240 hours to become first officers on a single aircraft type. "What we're seeing in highly-automated aircraft, it's not how to manage the airplane if things are OK. It's those unexpected malfunctions that throw the airplane off," Marin said. "We think that can only be addressed with a different type of approach to training rather than just saying, give them more hours." (Reporting By Allison Lampert; Editing by Tracy Rucinski and Grant McCool)
Here's Why Heico Shares Jumped 10.1% in June Shares ofHeico(NYSE: HEI)jumped 10.1% in June, according to data provided byS&P Global Market Intelligence. Momentum sparked by the aerospace component manufacturer's late May earnings announcement continued to push the shares higher throughout the month. The climb wasbusiness as usual for Heico, one of the highfliers of the aerospace sector. The surge goes back to the evening of May 28 when the company reported fiscal second-quarter net income that was up 37% year over year and sales that rose 20%, fueled by strong performances in its flight support and electronics operations. Image source: Getty Images. Management also upped full-year guidance, projecting net sales to grow 12% to 13%, up from previous guidance for 9% to 11% growth, and net income growth of 17% to 18%, up from 11% to 13%. CEO Laurans Mendelson ona post-earnings call with investorssaid to expect more of the same for the foreseeable future. Mendelson said: "We anticipate net sales growth ... resulting from increased demand across majority of our product lines. We will also continue our commitments to develop new products and services, further market trend penetration, strong cash flow generation, and aggressive acquisition strategy while maintaining financial flexibility and strength." Heico is a longtime outperformer, up nearly 400% over the past five years. That said, it's hard to pinpoint a time when management has sounded more optimistic. The company's businesses are generating strong organic growth, and with no significant debt maturities until 2023, Heico has ample capacity to do deals. The stock is not cheap, trading at an enterprise value 36 timesEBITDA, compared with 20 times for similarly well-regardedTransDigm. So it's hard to say whether the impressive stock run can continue. But if nothing else, Heico appears to have the wherewithal to grow into that valuation over time. 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 Lou Whitemanowns shares of TransDigm Group. The Motley Fool owns shares of and recommends TransDigm Group. The Motley Fool recommends Heico. The Motley Fool has adisclosure policy.
Exxon Mobil (XOM) Stock Sinks As Market Gains: What You Should Know Exxon Mobil (XOM) closed the most recent trading day at $75.72, moving -1.1% from the previous trading session. This move lagged the S&P 500's daily gain of 0.29%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.22%. Prior to today's trading, shares of the oil and natural gas company had gained 6.51% over the past month. This has lagged the Oils-Energy sector's gain of 7.04% and the S&P 500's gain of 7.86% in that time. Investors will be hoping for strength from XOM as it approaches its next earnings release. In that report, analysts expect XOM to post earnings of $0.97 per share. This would mark year-over-year growth of 5.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $69.37 billion, down 5.62% from the year-ago period. XOM's full-year Zacks Consensus Estimates are calling for earnings of $3.84 per share and revenue of $269.71 billion. These results would represent year-over-year changes of -22.11% and -7.06%, respectively. Any recent changes to analyst estimates for XOM should also be noted by investors. 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. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 3.84% lower within the past month. XOM is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that XOM has a Forward P/E ratio of 19.96 right now. For comparison, its industry has an average Forward P/E of 12.15, which means XOM is trading at a premium to the group. We can also see that XOM currently has a PEG ratio of 1.82. 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. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.85 based on yesterday's closing prices. The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 247, which puts it in the bottom 4% 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 reportExxon Mobil Corporation (XOM) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Netflix (NFLX) Gains But Lags Market: What You Should Know Netflix (NFLX) closed the most recent trading day at $375.43, moving +0.22% from the previous trading session. This change lagged the S&P 500's 0.29% gain on the day. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 0.22%. Heading into today, shares of the internet video service had gained 11.28% over the past month, outpacing the Consumer Discretionary sector's gain of 7.24% and the S&P 500's gain of 7.86% in that time. NFLX will be looking to display strength as it nears its next earnings release, which is expected to be July 17, 2019. The company is expected to report EPS of $0.57, down 32.94% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.93 billion, up 26.11% from the year-ago period. NFLX's full-year Zacks Consensus Estimates are calling for earnings of $3.34 per share and revenue of $20.18 billion. These results would represent year-over-year changes of +24.63% and +27.78%, respectively. Investors might also notice recent changes to analyst estimates for NFLX. 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. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. NFLX is currently sporting a Zacks Rank of #3 (Hold). Looking at its valuation, NFLX is holding a Forward P/E ratio of 112.02. This represents a premium compared to its industry's average Forward P/E of 15.91. Also, we should mention that NFLX has a PEG ratio of 3.73. 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. NFLX's industry had an average PEG ratio of 1.2 as of yesterday's close. The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 44% 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 reportNetflix, Inc. (NFLX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Advanced Micro Devices (AMD) Gains But Lags Market: What You Should Know In the latest trading session, Advanced Micro Devices (AMD) closed at $31.24, marking a +0.13% move from the previous day. This move lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 0.22%. Heading into today, shares of the chipmaker had gained 13.13% over the past month, outpacing the Computer and Technology sector's gain of 7.66% and the S&P 500's gain of 7.86% in that time. Investors will be hoping for strength from AMD as it approaches its next earnings release. On that day, AMD is projected to report earnings of $0.08 per share, which would represent a year-over-year decline of 42.86%. Meanwhile, our latest consensus estimate is calling for revenue of $1.52 billion, down 13.36% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.67 per share and revenue of $6.89 billion. These totals would mark changes of +45.65% and +6.44%, respectively, from last year. It is also important to note the recent changes to analyst estimates for AMD. 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. 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 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 1.35% lower. AMD is currently a Zacks Rank #3 (Hold). Digging into valuation, AMD currently has a Forward P/E ratio of 46.89. This valuation marks a premium compared to its industry's average Forward P/E of 18.8. Also, we should mention that AMD has a PEG ratio of 1.53. 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 Electronics - Semiconductors was holding an average PEG ratio of 1.64 at yesterday's closing price. The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 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. 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 reportAdvanced Micro Devices, Inc. (AMD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Johnson & Johnson (JNJ) Outpaces Stock Market Gains: What You Should Know Johnson & Johnson (JNJ) closed the most recent trading day at $140.03, moving +0.48% from the previous trading session. This change outpaced the S&P 500's 0.29% gain on the day. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 0.22%. Coming into today, shares of the world's biggest maker of health care products had gained 6.03% in the past month. In that same time, the Medical sector gained 7.46%, while the S&P 500 gained 7.86%. Wall Street will be looking for positivity from JNJ as it approaches its next earnings report date. This is expected to be July 16, 2019. The company is expected to report EPS of $2.42, up 15.24% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.32 billion, down 2.43% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $8.60 per share and revenue of $81.20 billion, which would represent changes of +5.13% and -0.46%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for JNJ. 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. 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. JNJ currently has a Zacks Rank of #3 (Hold). Looking at its valuation, JNJ is holding a Forward P/E ratio of 16.2. This represents a premium compared to its industry's average Forward P/E of 14.82. We can also see that JNJ currently has a PEG ratio of 2.41. 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. Large Cap Pharmaceuticals stocks are, on average, holding a PEG ratio of 2.13 based on yesterday's closing prices. The Large Cap Pharmaceuticals industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 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. 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 reportJohnson & Johnson (JNJ) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
3M (MMM) Stock Sinks As Market Gains: What You Should Know 3M (MMM) closed at $174.01 in the latest trading session, marking a -0.29% move from the prior day. This change lagged the S&P 500's 0.29% gain on the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.22%. Coming into today, shares of the maker of Post-it notes, industrial coatings and ceramics had gained 9.04% in the past month. In that same time, the Conglomerates sector gained 8.18%, while the S&P 500 gained 7.86%. Investors will be hoping for strength from MMM as it approaches its next earnings release, which is expected to be July 25, 2019. The company is expected to report EPS of $2.04, down 21.24% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.04 billion, down 4.18% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.31 per share and revenue of $32.24 billion. These totals would mark changes of -10.99% and -1.6%, respectively, from last year. Any recent changes to analyst estimates for MMM should also be noted by investors. These revisions help to show the ever-changing nature of near-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. 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. Within the past 30 days, our consensus EPS projection has moved 0.11% lower. MMM is holding a Zacks Rank of #4 (Sell) right now. Valuation is also important, so investors should note that MMM has a Forward P/E ratio of 18.74 right now. Its industry sports an average Forward P/E of 17.23, so we one might conclude that MMM is trading at a premium comparatively. It is also worth noting that MMM currently has a PEG ratio of 1.84. 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 Diversified Operations industry currently had an average PEG ratio of 1.87 as of yesterday's close. The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 97, which puts 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. 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 report3M Company (MMM) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Sunworks, Inc. (SUNW) Stock Sinks As Market Gains: What You Should Know Sunworks, Inc. (SUNW) closed at $0.55 in the latest trading session, marking a -0.45% move from the prior day. This change lagged the S&P 500's daily gain of 0.29%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Heading into today, shares of the company had lost 35.7% over the past month, lagging the Oils-Energy sector's gain of 7.04% and the S&P 500's gain of 7.86% in that time. Investors will be hoping for strength from SUNW as it approaches its next earnings release. In that report, analysts expect SUNW to post earnings of $0 per share. This would mark year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $19 million, down 4.95% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.17 per share and revenue of $68.80 million. These totals would mark changes of -21.43% and -3.05%, respectively, from last year. It is also important to note the recent changes to analyst estimates for SUNW. 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 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 remained stagnant. SUNW is currently a Zacks Rank #5 (Strong Sell). The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% 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 reportSunworks, Inc. (SUNW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
The Trade Desk (TTD) Gains But Lags Market: What You Should Know The Trade Desk (TTD) closed at $234.21 in the latest trading session, marking a +0.19% move from the prior day. The stock lagged the S&P 500's daily gain of 0.29%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Prior to today's trading, shares of the digital-advertising platform operator had gained 18.41% over the past month. This has outpaced the Computer and Technology sector's gain of 7.66% and the S&P 500's gain of 7.86% in that time. Wall Street will be looking for positivity from TTD as it approaches its next earnings report date. The company is expected to report EPS of $0.68, up 13.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $155.09 million, up 38.06% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.93 per share and revenue of $649.96 million. These totals would mark changes of +8.52% and +36.18%, respectively, from last year. It is also important to note the recent changes to analyst estimates for TTD. 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. 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 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 remained stagnant within the past month. TTD is holding a Zacks Rank of #1 (Strong Buy) right now. Valuation is also important, so investors should note that TTD has a Forward P/E ratio of 79.86 right now. This valuation marks a premium compared to its industry's average Forward P/E of 29.67. Investors should also note that TTD has a PEG ratio of 3.99 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. Internet - Services stocks are, on average, holding a PEG ratio of 2.83 based on yesterday's closing prices. The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 36% 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 reportThe Trade Desk Inc. (TTD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Bernie Sanders' Medicare-for-all plan will raise taxes by this much Independent Vermont Sen. Bernie Sanders recently made headlines during the second Democratic presidentialdebatein Miami for admitting he would have to raise taxes on middle-class Americans in order to pay for hisMedicare-for-allplan – now he’s detailing how much it would cost families. During a podcast interview with NPR onMonday, Sanders said taxes could rise by $10,000 for American families. “Of course some people are going to pay more in taxes,” Sanders said. He added that a family currently paying $20,000 for private insurance – in premiums and out-of-pocket expenses – would see that obligation eliminated. Instead, taxes would increase by $10,000. “Is that a good deal? I think it’s a pretty good deal,” he said. The 2020 presidential hopeful also clarified that, under his Medicare-for-all proposal, people would lose their private insurance. Sanders unveiled his updatedMedicare-for-all billin April, which would expand coverage of the government-run program to all Americans, not just those over the age of 65. He pushed a similar proposal in 2017. According to one estimate, which was disputed by Sanders’ campaign, Medicare-for-all could cost more than $32 trillion over the course of a decade. Sanders’ revised bill includes long-term care coverage. It would also cover dental, vision and hearing. The legislation allows for a four-year phase-in period. More than a dozen other senators have signed onto the bill as co-sponsors. Medicare-for-all has become a divisive issue within the Democratic party – as lawmakers and 2020 contenders squabble over the best way to expand coverage to more people. Massachusetts Sen. Elizabeth Warren is for the proposal, but others – including Minnesota Sen. Amy Klobuchar raised reservations about Sanders’ plan, and instead supports legislation that would allow people to keep their employer-based plan if they wished to do so. Others, like former Colorado Gov. John Hickenlooper, do not think Medicare-for-all is the best option. CLICK HERE TO GET THE FOX BUSINESS APP In addition to Medicare-for-all, Sanders has proposed the elimination of about $1.6 trillion worth of student debt. That plan would also jettison tuition at public colleges and universities. He expects to pay for that proposal through a tax on trades of bonds, stocks and derivatives -- a direct aim at Wall Street. Sanders has also proposed an expansion of the estate tax. Related Articles • Fmr. Notre Dame Coach Lou Holtz Predictions for Trump vs. Media • Trump May Have Dropped Another Clinton Bombshell • Carson: Trump Could Destroy Obama's Legacy
UPDATE 1-Occidental urges shareholders to reject activist Icahn's proposal (Adds details from Occidental filing, background) July 2 (Reuters) - Occidental Petroleum Corp on Tuesday called on its shareholders to reject activist investor Carl Icahn's moves to launch a proxy fight for four seats on the company's board. The oil and gas producer, in a regulatory filing https://www.sec.gov/Archives/edgar/data/797468/000114036119012312/nc10003014x1_prec14a.htm, said fixing a record date for the planned consent solicitation and the proposals of the Icahn Group "are not in the best interests of Occidental or its stockholders". Last week, Icahn said he planned to oust and replace four Occidental directors and change the company's charter to prevent it from ever engineering a takeover, like its $38 billion bid for Anadarko Petroleum. Icahn is calling on the board to set a record date to determine which shareholders could petition to hold a special meeting. Icahn, one of industry's most powerful activist investors, cast himself as one of the deal's most fervent critics by charging that Occidental's bid for Anadarko was too expensive and could endanger Occidental's future if oil prices sink. Icahn, who owns a $1.6 billion stake in Occidental as of May 30, had sued Occidental in a Delaware court. According to last week's filing, he said Occidental lacks effective corporate governance and that its directors made mistakes in how and at what cost they pursued the acquisition of Anadarko. Icahn was not immediately available for comment. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Shailesh Kuber)
River flooding in Tennessee ruins cotton, soybean crops RIPLEY, Tenn. (AP) — Wearing wading boots and a wide-brimmed hat, Derrick Currie casts his green fishing line into a pool of brown water along a rural Tennessee road. In a couple of minutes, he reels in his flapping bounty: A nice-sized catfish that he puts in a cooler to take home. Currie's fishing hole looks like a lake, but it isn't one. It's farmland inundated by floodwater. Lush green fields of cotton and soybeans turned into lakes Tuesday as flooding from the overfull Mississippi River covered thousands of acres of farmland in Lauderdale County in west Tennessee. Officials say about 175,000 acres of farmland are now underwater in the worst time of year. County Mayor Maurice Gaines Jr. says early July flooding means farmers won't be able to replant in time for the fall harvest, ruining countless numbers of crops. The Mississippi River was cresting at 35 feet (10.7 meters) Tuesday near Ripley. Flood stage is 28 feet (8.5 meters), according to the National Weather Service. "It's been devastating," Gaines said Tuesday. "These waters couldn't have come at a more inopportune time. Most of the farmers have all their fields planted." In February, flooding along the Mississippi, Tennessee and other rivers in the South caused billions of dollars in damage to homes, businesses and farmland. In late June, Tennessee Gov. Bill Lee announced that U.S. Small Business Administration disaster loans were available to residents and businesses affected by the February flooding in 19 counties. Heavy rains caused catastrophic flooding along the Arkansas River in Oklahoma and Arkansas this spring. Trouble is now being seen farther south along the Mississippi River. Lauderdale and surrounding low-lying counties are used to flooding from the Mississippi and its tributaries, but not this bad. Farmers built makeshift levees to keep the water away, but many have failed, sending rising water into their properties, Gaines said. Story continues No evacuations have been ordered, but some houses that sit on slightly elevated land are surrounded by water. Egrets and other wading birds seem right at home, standing still as statues on what recently was dry land as they hunt for fish. Parts of the county look more like Florida's Everglades than Tennessee's Mississippi River valley. Some roads are closed. On Highway 19, brown river water turns to white rapids as it flows over rocks on the side of the road. Not far away, Currie deploys five fishing lines into the flooded farmland, and then waits for a bite. He's seen gar, drum and bluegill, but he's aiming for tasty catfish. Currie says he feels sorry for the farmers, but he jumps at the chance to fish the flooded land. Still, he does not recall flood waters being this high for this long - since February, he says. "You can't get to the river, so you have to fish the backwaters," said Currie, 52. On Tuesday, U.S. Rep. David Kustoff toured flooded areas of the county, located north of Memphis. The two-term Republican said he would try to help area farmers deal with high crop insurance costs. "It would be one thing if this flooding took effect earlier in the year, where they could still plan," Kustoff said. "But now we're in July. It's very tough to make the rest of the year salvageable." Despite the damage to cotton and soybeans, there's reason to celebrate in Ripley, which is best known for its plump, sweet tomatoes. Gaines says the annual tomato festival planned for mid-July won't be affected by the flooding.
Illinois GO bond yields climb in the wake of legal challenge to debt By Karen Pierog CHICAGO, July 2 (Reuters) - Yields on Illinois bonds spiked higher on Tuesday in the U.S. municipal market after a constitutional challenge to $16 billion of the state's general obligation bonds was launched on Monday. Illinois already pays the biggest yield penalty among states in the $3.8 trillion market due to its low credit ratings, which are a notch or two above junk. Greg Saulnier, an analyst at Municipal Market Data (MMD), said the spread for Illinois GO bonds over MMD's benchmark triple-A yield scale had tightened over the past two months as investors gobbled up higher-yielding debt, leaving the state's bond prices at a greater risk of falling. "The lawsuit headline was like adding a spark to a powder keg so to speak and trading swiftly indicated spreads wider by 20-25 basis points," he added. The spread for Illinois bonds due in 10 years, which started the year at 180 basis points over MMD's scale and stood at 139 basis points on Monday, widened to 159 basis points on Tuesday. By contrast, the spread for 10-year Texas bonds is just 12 basis points. The head of an Illinois conservative think tank and a New York-based investment firm petitioned the Sangamon County District Court to file a taxpayer lawsuit seeking to stop $20 billion in future Illinois payments, including interest, on about $14.5 billion of debt outstanding from 2003 and 2017 debt sales. The petition claimed bond proceeds were unconstitutionally used for loans to state pension funds or to finance budget deficits and not for specific purposes like capital improvements. State officials said the claims lacked merit and were aimed at scaring bondholders. Municipal strategists at Barclays on Tuesday said the spread widening provides a buying opportunity for the state's bonds. "Coupled with limited Illinois bond supply later this year and in early 2020, Illinois spreads will likely remain well-supported, in our view. In addition, demonstrated fundamental strength and positive political will should significantly lessen the likelihood of ratings downgrade near term," the analysts said in a report. Illinois' credit ratings, the lowest among states, have remained steady so far after state lawmakers passed an on-time fiscal 2020 budget and put a constitutional amendment on the November 2020 ballot to replace the current flat income tax rate with a graduated rate system. Governor J.B. Pritzker has said graduated tax rates would raise $3.4 billion more annually to address the state's fiscal woes, which include a $133.5 billion unfunded pension liability. (Reporting by Karen Pierog in Chicago Editing by Matthew Lewis)
Cadence Design Systems (CDNS) Outpaces Stock Market Gains: What You Should Know In the latest trading session, Cadence Design Systems (CDNS) closed at $74.02, marking a +0.91% move from the previous day. This move outpaced the S&P 500's daily gain of 0.29%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Heading into today, shares of the maker of hardware and software products for validating chip designs had gained 18.88% over the past month, outpacing the Computer and Technology sector's gain of 7.66% and the S&P 500's gain of 7.86% in that time. Wall Street will be looking for positivity from CDNS as it approaches its next earnings report date. In that report, analysts expect CDNS to post earnings of $0.53 per share. This would mark year-over-year growth of 17.78%. Our most recent consensus estimate is calling for quarterly revenue of $579.07 million, up 11.71% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.10 per share and revenue of $2.32 billion. These totals would mark changes of +12.3% and +8.53%, respectively, from last year. Investors might also notice recent changes to analyst estimates for CDNS. 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. 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. Within the past 30 days, our consensus EPS projection remained stagnant. CDNS is currently a Zacks Rank #3 (Hold). Looking at its valuation, CDNS is holding a Forward P/E ratio of 34.99. For comparison, its industry has an average Forward P/E of 30.29, which means CDNS is trading at a premium to the group. Meanwhile, CDNS's PEG ratio is currently 3.18. 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. CDNS's industry had an average PEG ratio of 2.2 as of yesterday's close. The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, 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. To follow CDNS 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 reportCadence Design Systems, Inc. (CDNS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
JinkoSolar (JKS) Outpaces Stock Market Gains: What You Should Know JinkoSolar (JKS) closed at $22.77 in the latest trading session, marking a +1.52% move from the prior day. This change outpaced the S&P 500's 0.29% gain on the day. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Prior to today's trading, shares of the solar power product maker had gained 5.45% over the past month. This has lagged the Oils-Energy sector's gain of 7.04% and the S&P 500's gain of 7.86% in that time. Investors will be hoping for strength from JKS as it approaches its next earnings release. In that report, analysts expect JKS to post earnings of $0.35 per share. This would mark a year-over-year decline of 14.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.02 billion, up 10.82% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $2.98 per share and revenue of $4.27 billion, which would represent changes of +81.71% and +14.18%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for JKS. 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 remained stagnant. JKS is holding a Zacks Rank of #1 (Strong Buy) right now. Digging into valuation, JKS currently has a Forward P/E ratio of 7.53. For comparison, its industry has an average Forward P/E of 21.08, which means JKS is trading at a discount to the group. It is also worth noting that JKS currently has a PEG ratio of 0.38. 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 Solar industry currently had an average PEG ratio of 0.88 as of yesterday's close. The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 26% 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 JKS 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 reportJinkoSolar Holding Company Limited (JKS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Enova International (ENVA) Outpaces Stock Market Gains: What You Should Know Enova International (ENVA) closed at $23.30 in the latest trading session, marking a +0.65% move from the prior day. This change outpaced the S&P 500's 0.29% gain on the day. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Coming into today, shares of the online financial services company had gained 4.28% in the past month. In that same time, the Finance sector gained 6.38%, while the S&P 500 gained 7.86%. Wall Street will be looking for positivity from ENVA as it approaches its next earnings report date. In that report, analysts expect ENVA to post earnings of $0.63 per share. This would mark year-over-year growth of 6.78%. Our most recent consensus estimate is calling for quarterly revenue of $281.85 million, up 11.27% from the year-ago period. ENVA's full-year Zacks Consensus Estimates are calling for earnings of $3.37 per share and revenue of $1.28 billion. These results would represent year-over-year changes of +30.62% and +14.86%, respectively. Investors should also note any recent changes to analyst estimates for ENVA. 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. 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 0.05% lower within the past month. ENVA is holding a Zacks Rank of #3 (Hold) right now. Looking at its valuation, ENVA is holding a Forward P/E ratio of 6.87. This valuation marks a discount compared to its industry's average Forward P/E of 7.67. The Financial - Consumer Loans industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% 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 reportEnova International, Inc. (ENVA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Berkshire Hathaway Inc. (BRK.B) Stock Sinks As Market Gains: What You Should Know Berkshire Hathaway Inc. (BRK.B) closed at $214.54 in the latest trading session, marking a -0.04% move from the prior day. This change lagged the S&P 500's daily gain of 0.29%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Heading into today, shares of the company had gained 8.09% over the past month, outpacing the Finance sector's gain of 6.38% and the S&P 500's gain of 7.86% in that time. Investors will be hoping for strength from BRK.B as it approaches its next earnings release. On that day, BRK.B is projected to report earnings of $2.71 per share, which would represent a year-over-year decline of 2.87%. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.53 per share and revenue of $275.35 billion. These totals would mark changes of +4.78% and +11.1%, respectively, from last year. Investors should also note any recent changes to analyst estimates for BRK.B. Recent revisions tend to reflect the latest near-term business trends. 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. 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 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 remained stagnant within the past month. BRK.B is holding a Zacks Rank of #4 (Sell) right now. Valuation is also important, so investors should note that BRK.B has a Forward P/E ratio of 20.38 right now. For comparison, its industry has an average Forward P/E of 14.5, which means BRK.B is trading at a premium to the group. Also, we should mention that BRK.B has a PEG ratio of 2.91. 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 Insurance - Property and Casualty was holding an average PEG ratio of 1.45 at yesterday's closing price. The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 63, putting it in the top 25% 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. 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 reportBerkshire Hathaway Inc. (BRK.B) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Teva Pharmaceutical Industries Ltd. (TEVA) Outpaces Stock Market Gains: What You Should Know Teva Pharmaceutical Industries Ltd. (TEVA) closed at $9.43 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.29%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Coming into today, shares of the company had gained 4.72% in the past month. In that same time, the Medical sector gained 7.46%, while the S&P 500 gained 7.86%. Wall Street will be looking for positivity from TEVA as it approaches its next earnings report date. In that report, analysts expect TEVA to post earnings of $0.58 per share. This would mark a year-over-year decline of 25.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.27 billion, down 9.15% from the year-ago period. TEVA's full-year Zacks Consensus Estimates are calling for earnings of $2.38 per share and revenue of $17.18 billion. These results would represent year-over-year changes of -18.49% and -8.87%, respectively. Investors might also notice recent changes to analyst estimates for TEVA. 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. 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 0.62% higher within the past month. TEVA is holding a Zacks Rank of #3 (Hold) right now. Looking at its valuation, TEVA is holding a Forward P/E ratio of 3.91. This valuation marks a discount compared to its industry's average Forward P/E of 6.74. Investors should also note that TEVA has a PEG ratio of 1.06 right now. 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 - Generic Drugs stocks are, on average, holding a PEG ratio of 1.01 based on yesterday's closing prices. The Medical - Generic Drugs industry is part of the Medical sector. This group has a Zacks Industry Rank of 105, putting it in the top 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 reportTeva Pharmaceutical Industries Ltd. (TEVA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
CenturyLink (CTL) Stock Sinks As Market Gains: What You Should Know In the latest trading session, CenturyLink (CTL) closed at $11.64, marking a -0.51% move from the previous day. This change lagged the S&P 500's 0.29% gain on the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.22%. Heading into today, shares of the communications company had gained 13.15% over the past month, outpacing the Computer and Technology sector's gain of 7.66% and the S&P 500's gain of 7.86% in that time. Investors will be hoping for strength from CTL as it approaches its next earnings release, which is expected to be August 7, 2019. In that report, analysts expect CTL to post earnings of $0.32 per share. This would mark year-over-year growth of 23.08%. Our most recent consensus estimate is calling for quarterly revenue of $5.63 billion, down 6.73% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.32 per share and revenue of $22.46 billion. These totals would mark changes of +10.92% and -4.77%, respectively, from last year. Any recent changes to analyst estimates for CTL should also be noted by investors. Recent revisions tend to reflect the latest near-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. 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. CTL is holding a Zacks Rank of #3 (Hold) right now. In terms of valuation, CTL is currently trading at a Forward P/E ratio of 8.87. This valuation marks a discount compared to its industry's average Forward P/E of 15.26. Story continues It is also worth noting that CTL currently has a PEG ratio of 1.02. 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 2.08 based on yesterday's closing prices. The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 51, which puts it in the top 20% 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 CTL 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 report CenturyLink, Inc. (CTL) : Free Stock Analysis Report To read this article on Zacks.com click here.
Zynerba Pharmaceuticals (ZYNE) Outpaces Stock Market Gains: What You Should Know In the latest trading session, Zynerba Pharmaceuticals (ZYNE) closed at $14.24, marking a +0.92% move from the previous day. This move outpaced the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 0.22%. Coming into today, shares of the specialty pharmaceutical company had gained 34.9% in the past month. In that same time, the Medical sector gained 7.46%, while the S&P 500 gained 7.86%. Wall Street will be looking for positivity from ZYNE as it approaches its next earnings report date. In that report, analysts expect ZYNE to post earnings of -$0.50 per share. This would mark year-over-year growth of 43.82%. Investors should also note any recent changes to analyst estimates for ZYNE. Recent revisions tend to reflect the latest near-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 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 remained stagnant within the past month. ZYNE is currently sporting a Zacks Rank of #3 (Hold). The Medical - Generic Drugs industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% 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 reportZynerba Pharmaceuticals, Inc. (ZYNE) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Rent-A-Center (RCII) Outpaces Stock Market Gains: What You Should Know In the latest trading session, Rent-A-Center (RCII) closed at $27.52, marking a +1.59% move from the previous day. This move outpaced the S&P 500's daily gain of 0.29%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Heading into today, shares of the company that leases furniture and appliances with an option to buy had gained 12.31% over the past month, outpacing the Consumer Discretionary sector's gain of 7.24% and the S&P 500's gain of 7.86% in that time. RCII will be looking to display strength as it nears its next earnings release. On that day, RCII is projected to report earnings of $0.56 per share, which would represent year-over-year growth of 19.15%. Our most recent consensus estimate is calling for quarterly revenue of $641.66 million, down 2.15% from the year-ago period. RCII's full-year Zacks Consensus Estimates are calling for earnings of $2.12 per share and revenue of $2.61 billion. These results would represent year-over-year changes of +100% and -1.94%, respectively. Investors might also notice recent changes to analyst estimates for RCII. 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. 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 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 remained stagnant within the past month. RCII is holding a Zacks Rank of #1 (Strong Buy) right now. Digging into valuation, RCII currently has a Forward P/E ratio of 12.76. Its industry sports an average Forward P/E of 14.53, so we one might conclude that RCII is trading at a discount comparatively. The Consumer Services - Miscellaneous industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% 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. 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 reportRent-A-Center, Inc. (RCII) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
McDonald's (MCD) Outpaces Stock Market Gains: What You Should Know In the latest trading session, McDonald's (MCD) closed at $209.58, marking a +1.59% move from the previous day. This move outpaced the S&P 500's daily gain of 0.29%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.22%. Heading into today, shares of the world's biggest hamburger chain had gained 3.78% over the past month, lagging the Retail-Wholesale sector's gain of 9.29% and the S&P 500's gain of 7.86% in that time. MCD will be looking to display strength as it nears its next earnings release, which is expected to be July 26, 2019. On that day, MCD is projected to report earnings of $2.06 per share, which would represent year-over-year growth of 3.52%. Our most recent consensus estimate is calling for quarterly revenue of $5.32 billion, down 0.62% from the year-ago period. MCD's full-year Zacks Consensus Estimates are calling for earnings of $8.06 per share and revenue of $21.03 billion. These results would represent year-over-year changes of +2.03% and +0.02%, respectively. Investors might also notice recent changes to analyst estimates for MCD. 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. 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 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 0.23% higher within the past month. MCD is holding a Zacks Rank of #3 (Hold) right now. Digging into valuation, MCD currently has a Forward P/E ratio of 25.6. Its industry sports an average Forward P/E of 23.73, so we one might conclude that MCD is trading at a premium comparatively. Investors should also note that MCD has a PEG ratio of 2.88 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 - Restaurants industry currently had an average PEG ratio of 2.14 as of yesterday's close. The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% 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 reportMcDonald's Corporation (MCD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Medtronic (MDT) Stock Sinks As Market Gains: What You Should Know Medtronic (MDT) closed at $98.05 in the latest trading session, marking a -0.05% move from the prior day. This change lagged the S&P 500's daily gain of 0.29%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, added 0.22%. Heading into today, shares of the medical device company had gained 5.11% over the past month, lagging the Medical sector's gain of 7.46% and the S&P 500's gain of 7.86% in that time. Wall Street will be looking for positivity from MDT as it approaches its next earnings report date. The company is expected to report EPS of $1.18, up 0.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.41 billion, up 0.41% from the year-ago period. MDT's full-year Zacks Consensus Estimates are calling for earnings of $5.46 per share and revenue of $31.44 billion. These results would represent year-over-year changes of +4.6% and +2.9%, respectively. Investors might also notice recent changes to analyst estimates for MDT. 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. 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 0.01% higher within the past month. MDT is currently sporting a Zacks Rank of #3 (Hold). Investors should also note MDT's current valuation metrics, including its Forward P/E ratio of 17.98. This valuation marks a discount compared to its industry's average Forward P/E of 26.54. We can also see that MDT currently has a PEG ratio of 2.52. 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 Medical - Products was holding an average PEG ratio of 2.38 at yesterday's closing price. The Medical - Products industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% 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. To follow MDT 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 reportMedtronic PLC (MDT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.
Florida Man Fired After Lake City Suffers Massive Ransomware Attack A city inFloridapaid out around $460,000 in abitcoin ransom scheme, about a week afteranother Florida citypaid around $600,000. Lake City’s IT Director Brian Hawkins has been fired as a result of the breach, which shut down the city’s critical digital infrastructure. As CCN previously reported, ransomware is on the rise.Baltimore, Atlanta, and several other jurisdictions have fallen victim, including thepublic defender system in Boston. Previously, ransomware had been seen ason the decline. But more sophisticated variations of the software have arisen, often deploying themselves via e-mail or through the web. Once a ransomware or cryptolocker has taken over a network, it’s a matter of time before it finds a group of vulnerable computers. In some cases, the entire system can be locked down or just crucial parts of it, such as those that serve public infrastructure. In Atlanta, for example, many parts of the judicial system are currently unusable. That city previously paid $7 million to get around paying off a ransom of just over $50,000. The full scale of the damage in Baltimore remains unknown. In both cases, simply paying the ransom might be the way to go. This is the route that two cities in Florida have chosen, with Lake City being the latest. Read the full story on CCN.com.
Stocks - Wall Street Drifts Higher Despite Trade Worries Investing.com - Stocks struggled for most of the day, but ended with moderate gains on Tuesday, as trade tensions surfaced again and worries abounded about the health of the global economy. The S&P 500 closed up 0.3% to 2,973.01, its second closing record in two days. The index fell just shy of setting a new 52-week high. The Nasdaq Composite added 0.2%, and the Dow Jones industrials rose 0.3%. The trade disputes came alive again when President Donald Trump said a China-U.S. trade deal should be a bit "tilted" toward the United States. Then, the White House said it might impose $4 billion in new tariffs on the European Union over the subsidies given to Airbus, the arch-rival of Boeing. At the same time, crude oil prices fell more than 4% as traders became convinced crude output from U.S. shale formations could offset production cuts to the end of the year agreed to by OPEC and its allies. All the developments seemed to offset the good feeling achieved at last week's G20 meeting in Osaka, Japan, especially when the United States and China agreed to restart trade talks. WTI futures fell $2.84, or 4.8%, to $56.25. Brent futures fell 4.1% to $62.40. Crude's slump hit energy stocks. Seven of the 10 worst S&P 500 performers were oil-and-gas producers. Interest rates moved lower, with the 10-year Treasury yield falling to 1.976%, below the 13-week Treasury yield of 2.148% and a signal of investor worries about the economy. Banks stocks were mostly lower, but big real-estate stocks moved higher in response. Boeing (NYSE:BA) was the biggest drag on the Dow, off 0.6% and subtracting more than 20 points from the index. Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX) and Goldman Sachs (NYSE:GS) also were laggards. Verizon Communications (NYSE:VZ) and Cisco Systems (NASDAQ:CSCO) were the Dow leaders. Cisco was also the second-best performer among Nasdaq 100 stocks. The index was up 0.4%. The biggest techs, including Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Google parent Alphabet (NASDAQ:GOOGL), Cisco and Facebook (NASDAQ:FB) were higher. The tensions won't go away Wednesday, but at least trading in the United States will close early for the July 4 holiday. Markets will be closed on Thursday with regular trading resuming on Friday. S&P 500 Winners and Losers Tech company Harris (NYSE:LHX), HCP (NYSE:HCP) and Welltower (NYSE:WELL), both healthcare-focused real estate investment trusts, were among the top S&P 500 performers. Range Resources (NYSE:RRC), Acuity Brands Inc (NYSE:AYI) and Apache (NYSE:APA) were among the worst S&P 500 performers. Range and Apache are energy companies. Acuity makes lighting products and equipment. Related Articles U.N. aviation agency to review global pilot training in shadow of 737 MAX crashes Occidental urges shareholders to reject activist Icahn's proposal Canada stocks higher at close of trade; S&P/TSX Composite up 0.54%
Here's What We Think About Euroz Limited's (ASX:EZL) CEO Pay Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Andrew McKenzie is the CEO of Euroz Limited (ASX:EZL). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Next, we'll consider growth that the business demonstrates. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. This process should give us an idea about how appropriately the CEO is paid. View our latest analysis for Euroz Our data indicates that Euroz Limited is worth AU$196m, and total annual CEO compensation is AU$894k. (This figure is for the year to June 2018). We think total compensation is more important but we note that the CEO salary is lower, at AU$250k. We took a group of companies with market capitalizations below AU$287m, and calculated the median CEO total compensation to be AU$357k. As you can see, Andrew McKenzie is paid more than the median CEO pay at companies of a similar size, in the same market. However, this does not necessarily mean Euroz Limited is paying too much. We can get a better idea of how generous the pay is by looking at the performance of the underlying business. You can see a visual representation of the CEO compensation at Euroz, below. Euroz Limited has increased its earnings per share (EPS) by an average of 52% a year, over the last three years (using a line of best fit). Its revenue is up 51% over 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. We don't have analyst forecasts, but you might want to assessthis data-rich visualizationof earnings, revenue and cash flow. Most shareholders would probably be pleased with Euroz Limited for providing a total return of 90% over three years. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size. We compared the total CEO remuneration paid by Euroz Limited, and compared it to remuneration at a group of similar sized companies. Our data suggests that it pays above the median CEO pay within that group. However we must not forget that the EPS growth has been very strong over three years. In addition, shareholders have done well over the same time period. As a result of this good performance, the CEO remuneration may well be quite reasonable. CEO compensation is one thing, but it is also interesting tocheck if the CEO is buying or selling Euroz (free visualization of insider trades). If you want to buy a stock that is better than Euroz, thisfreelist of high return, low debt companies is a great place to look. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Mexico buses home dozens of asylum seekers returned by US MEXICO CITY (AP) — Dozens of Central Americans who had been returned to the border city of Juarez to await the outcome of their U.S. asylum claims were being bused back to their countries Tuesday by Mexican authorities, a first for that size group in the program commonly known as "remain in Mexico." In a statement, the Foreign Relations Department described it as the beginning of a "temporary program of voluntary return" for migrants in northern Mexico who wish to go home. It said 69 people — 40 Hondurans, 22 Guatemalans and seven Salvadorans — were involved, and 66 of those were returnees under the U.S. program. Carrying their belongings in plastic bags, adults and children lined up to board the bus in the morning. One woman cradled her daughter on her lap and gazed out the window as they prepared to depart. Officials said the bus left Ciudad Juarez at 9 a.m. and that all aboard wanted to be repatriated to their native countries in Central America's Northern Triangle, the source of a surge of migration in recent months, many of them families with children. It's at least a day and a half journey overland from the city to Mexico's southern border. Transportation and assistance were coordinated by the International Organization for Migration, the Foreign Relations Department, Mexico's National Immigration Institute and two non-governmental groups. The Immigration Institute said the program would soon be rolled out in Tijuana and Mexicali as well, two other cities that have been taking in returnees from the United States under the program that began in January. The institute added that the 69 had normalized migratory status in Mexico. It was not clear what impact there could be on the asylum-seekers' cases in the United States, whether going home meant giving up their claims or whether it would be possible to continue from Central America. Asylum-seekers returned to Mexico are supposed to cross the border for U.S. court dates, and then go back to Mexico. Story continues "Legally this is all new territory, so it's hard to know," said Andrew Selee, president of the Migration Policy Institute. There have been nearly 17,000 returns by asylum seekers to Mexico from the United States under the program, for waits that stand to take many months or even longer as claims slog through backlogged U.S. immigration courts. Under a recent agreement with Washington to head off threatened U.S. tariffs on Mexican goods, Mexico agreed to an expansion of the program to other border points beyond those three cities, where it was already in place. That has raised fears among advocates for migrants that Mexican border cities are ill-prepared to cope with the influx, with resources scarce and many shelters already overflowing. Cities like Juarez and Tijuana can be dangerous places with high homicide rates. Farther east along the border, in the Gulf coast state of Tamaulipas, drug cartels have historically been known to target migrants for kidnapping, extortion and murder. Nuevo Laredo, in Tamaulipas across from Laredo, Texas, is one of three new cities to begin receiving returnees from the United States. Selee said asylum seekers often find it hard to get by for long periods in Mexico while they wait for their claims to be decided, so it is not surprising some would want to leave. "Leaving people in a limbo situation increases the pressure on those who don't think they have strong asylum claims or simply feel they can't make ends meet living in Mexico," he said. He added that Washington would likely see this as a win. "This is obviously what the Trump administration has wanted, to be able to show people returning who are unsuccessful in pursuing their asylum applications, because that sends the signal back to others who try and make the journey," Selee said. While Ciudad Juarez was the last of the three to begin receiving asylum-seekers, it has overtaken the others in numbers. The Immigration Institute says Juarez has received 7,706 returnees, compared with 5,709 in Tijuana and 3,299 in Mexicali. According to government figures, about 104,000 irregular migrants were registered in Mexico from January through June, and about 76,000 people have been repatriated.
Nestle launches paper packaging for snack bars ZURICH (Reuters) - Global food giant Nestle SA has developed new paper packaging for its YES! snack bars, a technology it hopes to scale up and extend to other confectionery products as it tries to make all its packaging recyclable or reusable by 2025. Environmental concerns are increasingly influencing consumers' buying decisions, forcing makers of packaged goods to rethink the way they wrap their products. Nestle has been criticised by environmental group Greenpeace for not eliminating single-use plastics quickly enough. The Swiss company has so far focused on recyclable or reusable packaging and has set up an institute to develop new solutions in this field. "Consumers want to make a change by making a purchasing decision," Alexander von Maillot, Nestle's head of confectionery, told reporters on a call on Tuesday. "This could really change packaging in confectionery in the future," he said. The company rolled out paper packaging for its flavoured milk powder Nesquik in the first quarter of 2019 and will introduce paper-based pouches for its Milo health drink in 2020. Nestle said the new snack bar wrapper, composed of paper and a water-based coating to guarantee the same shelf life as plastic, could be used on its existing high-speed lines that can seal up to 500 snack bars per minute. Once scaled up, the paper packaging could be extended to other products such as its KitKat bars, but at this stage, Nestle's partners cannot supply enough paper, said Jas Scott de Martinville, head of Nestle's confectionery research centre in York, England. "It is logical that it (Nestle) should start with the YES! product as it is one it promotes as natural and its audience is a younger, more environmentally conscious consumer," said Neil Saunders, managing director at research firm GlobalData Retail. YES! snack bars were first launched in the UK last year with a range of nut, fruit and vegetable varieties, some of them vegan, lactose and gluten free, ticking all the boxes for a new generation of health-conscious consumers. After encouraging results in the UK and good feedback from retail customers, the bars will now be available in more than a dozen European countries, including Germany and Ireland, Nestle said. (Reporting by Silke Koltrowitz in Zurich and Siddharth Cavale in Bengaluru; Editing by Mark Potter)
AT&T cell phone users report 911 outage, company could face FCC fine AT&Tcell phone customers across multiple states experienced a 911 outage for a few hours on Tuesday -- and, if history repeats itself, the telecom company may face a federal fine over it. Twitter accounts for several local fire and police departments posted about the outage, which left mobile users unable to phone the emergency number. Many agencies shared alternate phone numbers to get in contact with them. The outages appeared to have affected regions in states including Indiana, Minnesota, Texas and Wisconsin, according to law enforcement department's tweets. Landline customers appeared to have been unaffected by the outage, according toCnet. The cause of the outage was unclear, but AT&T did acknowledge the issue. “Earlier this morning some wireless customers may have been unable to connect to 911. This has been resolved and we apologize to anyone who was affected,” a spokesperson in a statement toThe Verge. CLICK HERE TO GET THE FOX BUSINESS APP This is not the first time AT&T has been involved in a 911 outage. In June 2018, the telecommunications giant agreed to pay a $5.25 million fine to the Federal Communications Commission over two 911 outages in March and May 2017.As part of the settlement, the company also agreed to "implement proactive system changes to reduce the likelihood and impact of future 911 outages, improve processes for notifying 911 call centers of any future outages, ensure reliable 911 call completion, and regularly file compliance reports with the FCC," according to arelease from the federal agencyat the time. "Such preventable outages are unacceptable. Robust and reliable 911 service is a national priority, as repeatedly expressed by both Congress and the Commission. Carriers have a responsibility to both prevent outages and, if they do take place, quickly inform the Commission and affected 911 call centers," the FCC's statement on the settlement said. "FCC rules mandate that mobile phone service providers 'transmit all wireless 911 calls' and inform 911 call centers of any 911 network outage that lasts 30 minutes or more." Related Articles • How Much is Michael Phelps Worth? • Ryan Lochte's Brand Value Sinks Amid Rio Scandal • Here's How You Get a Body Like An Olympian
Why Shares of Deere & Co. Soared 18.2% in June Shares ofDeere & Co.(NYSE: DE)climbed 18.2% in June, according to data provided byS&P Global Market Intelligence.Thatreversed a dramatic decline in May, as Wall Street analysts came to the stock's defense, and fears about weakness in agriculture markets eased. Deere, as one of the largest manufacturers of agriculture equipment, reported disappointing results for the quarter ending April 28 due to a range of factors outside of its control. In the U.S., bad weather -- notably flooding in the Midwest -- had farmers scrambling to avoid a liquidity crisis and deferring large-equipment purchases. Overseas, the trade war with China, coupled with issues including an outbreak of African swine fever,is leading to projections for reduced soybean demand. All these issues combined to send investors to the exits in May. Image source: Getty Images. In June, a number of analysts declared that the sell-off was overdone. Baird analyst Mig Dobre upgraded Deere to outperform from neutral in the middle of June, raising his price target to $175 from $129, saying that favorable weather and the outlook for the growing season outweighed the threat of a trade war. Later in the month, Jefferies analyst Stephen Volkmann upgraded Deere to buy from hold, believing that a tightening global crop supply following five years of depressed pricing should fuel large-equipment purchases in the quarters to come. Volkmann raised his price target on the shares to $190 from $150. It's been a volatile two months for Deere, with the shares basically going nowhere from May 1 to June 30 after plunging and then rallying. DEdata byYCharts. The early days of July have brought news of a potential truce in the trade war, which if it holds would be good news for Deere because China is a key source of demand for U.S. crops. But as investors discovered in May, macro headlines can turn against the company quickly, and there could be further volatility if the weather, or trade tensions, get dicey. For long-term shareholders, there is a lot to like about Deere. The world needs to continue to invest in large-scale agriculture production to feed a hungry population, and its equipment is an important part of the answer to that challenge. But as the last two months have shown, the near term can be a bumpy ride. 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 Lou Whitemanhas no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has adisclosure policy.
Borrowing for College Just Got a Little Less Expensive Consumer Reports has no financial relationship with advertisers on this site. Consumer Reports has no financial relationship with advertisers on this site. There's good news for college students and parents who plan to take out loans to help pay for school. New federal student loan interest rates went into effect July 1, and this year, the rates dropped for the first time in three years. Undergraduate loan rates are 4.53 percent for the 2019-2020 academic year, down from 5.04 percent in 2018-2019. Parent PLUS loans are 7.08 percent, down from 7.60 percent. Graduate school loans are 6.08 percent, down from 6.60 percent. (Federal student-loan rates are fixed, so they wont go any higher over the life of the loan. But the rates are reset annually and only apply to new loans, not those you've already taken out.) The decline follows a downward trend in interest rates on most consumer loans since the Federal Reserve decided earlier this year to hold rates steady after four increases in 2018 . Still, a half percentage point decline wont significantly change monthly payments for undergraduates. Thats because the amount they can borrow is limited by the government , from $5,500 to $12,500 depending on what year they're in school and whether or not their parents claim them as a dependent. For example, with the new rates, a freshman who takes out $5,000 and pays it back over 10 years will save $150 in interest over the life of the loan. Borrowing is not so cheap that you should overborrow, says Shannon Vasconcelos, a college finance expert with Bright Horizons College Coach. Nevertheless, the decrease is welcome. As college costs have risen, so has the number of people relying on loans to pay for school. About 65 percent of students who graduated from a four-year college say they had to borrow money to cover the cost. The drop could be more meaningful for graduate students and for parents who take out federal Parent PLUS loans, because there's almost no limit on the size of those loans, says Vasconcelos. Story continues Graduate students and parents can borrow up to the total cost of school. The typical graduate student borrows amounts that pay for half the cost of school, on average, $25,000 a year, according to Sallie Maes "How America Pays for Graduate School" report. A graduate student who takes out $50,000 in loans will save $1,500 under the new rates. Meanwhile, the amount of debt parents are taking on to help their children pay for school is rising even faster than the debt assumed by undergraduate students themselves. Americans ages 60 and older are the fastest-growing group of student-loan borrowers , primarily because they're taking out loans to help children and grandchildren, according to the Consumer Financial Protection Bureau. But many students and parents who borrow have little understanding about how their loans work or how a change in interest rates could affect them. Only about half of students and parents know that they aren't guaranteed to get the same rate on federal loans each year they borrow, according to a 2018 Credible.com student-loan quiz . And only 14 percent of parents and students know that Parent PLUS loans have higher rates than undergraduate or graduate loans. Loan Fees Will Be Lower and Grants Bigger There's other good news for borrowers: Origination fees, which lenders charge for processing loans, are going down. For loans issued Oct. 1, 2019, through Sept. 30, 2020, fees will be 1.059 percent of the principal loan amount, down from 1.062 percent, and 4.236 percent for PLUS loans, down from 4.248 percent. July 1 is also when changes to federal grantsmoney students dont have to pay backare made. The maximum Pell Grant is now $6,195, up from $6,095. Pell Grants help 7.5 million low- and moderate-income students pay for college and reduce how much they need to borrow. Even with the increase, Pell Grants cover only a fraction of college expenses. The new maximum Pell Grant for 2019-20 covers less than 30 percent of the cost of attending a public four-year college, the smallest share in the grant program's history, according to The Institute for College Access & Success . What You Should Know Before You Borrow If you borrow money to pay for college, federally backed loans are the best way to do so because they come with more consumer protections than private loans, including flexible repayment plans and the ability to defer payment if you have a financial hardship. But even though rates are dropping, you should still be cautious about the amount you borrow. Dont borrow more than you can afford. A good rule of thumb is to limit your total borrowing to no more than what you expect to earn annually in the early years of your career. That can help you limit your monthly payments to no more than about 10 to 15 percent of your expected gross income. So if you borrow $30,000about average for college graduatesyour payments will be about $300 a month. Thats a significant sum but should be doable even if you're making only a modest salary. If your total student-loan debt at graduation is less than your annual starting salary, you should be able to repay your student loans in 10 years or less, says Mark Kantrowitz, publisher and vice president of research at Savingforcollege.com , a website that provides information on 529 education savings accounts and allows you to compare state-sponsored 529 plans. But if more than 15 percent of your earnings goes to student-loan payments, you could struggle to pay and need to cut spending in other areas of your life. Of course, it can be difficult to know what your future earnings will be or what career you'll end up in. If you're really unsure, be even more conservative in your borrowing. Look for other ways to lower costs by finding cheaper housing, say, or choosing a less expensive meal plan. Don't borrow to the limit. Borrow as little as you need, not as much as you can, says Kantrowitz. Be wary of private loans. A private loan rate is typically variable, which means it's likely to rise over time, so you could end up owing a lot more in interest. If you have to borrow, federal loans are a better choice because they have fixed rates and the option of flexible repayment programs. That includes income-based repayment (which can make your loan payments more affordable), deferment if you return to school, or loan forgiveness options if you meet certain conditions. Unlike private loans, federal loans don't require students have a co-signer or credit history. For parents, taking out federal student loans is also less risky than using home equity or tapping retirement savings to help kids pay for college. Keep good records. Once you move into repayment mode, be sure you know what kind of loans you have and which company is servicing them. You will also need to keep records of what you owe and the payments youve made. Save copies of important documents on a flash drive or in paper form. If you have federal loans, you can find the name and contact info for your servicer in this national database . If you have a private student loan, check your credit report to see which firm is listed as a servicer. You can get a free copy of your annual credit report once a year at annualcreditreport.com . Want More Advice? Watch This Video Paying for college isn't easy. Consumer Reports' money editor, Donna Rosato, talks to " Consumer 101 " TV show host Jack Rico about how students and parents can make the most of financial aid options when paying for higher education. More from Consumer Reports: Top pick tires for 2016 Best used cars for $25,000 and less 7 best mattresses for couples Consumer Reports is an independent, nonprofit organization that works side by side with consumers to create a fairer, safer, and healthier world. CR does not endorse products or services, and does not accept advertising. Copyright © 2019, Consumer Reports, Inc.
Does Powerlong Real Estate Holdings Limited (HKG:1238) Have A Particularly Volatile Share Price? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! If you own shares in Powerlong Real Estate Holdings Limited (HKG:1238) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is a measure of volatility. Volatility is considered to be a measure of risk in modern finance theory. Investors may think of volatility as falling into two main categories. First, we have company specific volatility, which is the price gyrations of an individual stock. Holding at least 8 stocks can reduce this kind of risk across a portfolio. The second sort is caused by the natural volatility of markets, overall. For example, certain macroeconomic events will impact (virtually) all stocks on the market. Some stocks are more sensitive to general market forces than others. Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). However, Warren Buffett said 'volatility is far from synonymous with risk' in his 2014 letter to investors. So, while useful, beta is not the only metric to consider. To use beta as an investor, you must first understand that the overall market has a beta of one. A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price. See our latest analysis for Powerlong Real Estate Holdings Looking at the last five years, Powerlong Real Estate Holdings has a beta of 1.38. The fact that this is well above 1 indicates that its share price movements have shown sensitivity to overall market volatility. If this beta value holds true in the future, Powerlong Real Estate Holdings shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. Share price volatility is well worth considering, but most long term investors consider the history of revenue and earnings growth to be more important. Take a look at how Powerlong Real Estate Holdings fares in that regard, below. With a market capitalisation of HK$16b, Powerlong Real Estate Holdings is a small cap stock. However, it is big enough to catch the attention of professional investors. It has a relatively high beta, which is not unusual among small-cap stocks. Because it takes less capital to move the share price of a smaller company, actively traded small-cap stocks often have a higher beta that a similar large-cap stock. Since Powerlong Real Estate Holdings tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock. This article aims to educate investors about beta values, but it's well worth looking at important company-specific fundamentals such as Powerlong Real Estate Holdings’s financial health and performance track record. I urge you to continue your research by taking a look at the following: 1. Future Outlook: What are well-informed industry analysts predicting for 1238’s future growth? Take a look at ourfree research report of analyst consensusfor 1238’s outlook. 2. Past Track Record: Has 1238 been consistently performing well irrespective of the ups and downs in the market? Go into more detail in the past performance analysis and take a look atthe free visual representations of 1238's historicalsfor more clarity. 3. Other Interesting Stocks: It's worth checking to see how 1238 measures up against other companies on valuation. You could start with thisfree list of prospective options. 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.
‘Fast & Furious 9’ Adds Finn Cole, Anna Sawai & Vinnie Bennett Click here to read the full article. EXCLUSIVE: Finn Cole , Anna Sawai and Vinnie Bennett have joined the cast of the ninth chapter in the Fast & Furious saga. Character descriptions for the latest installment are being kept under the hood. Franchise mainstay Justin Lin ( Fast & Furious 6) returns to direct and franchise forefather Vin Diesel stars as Dominic Toretto alongside new cast members and returning favorites. Dan Casey wrote the screenplay from a story by Lin and Alfredo Botello. The pic goes into production this month and for a May 22 release. Related stories 'Fast & Furious: Spy Racers' And New Series 'Kipo & The Age Of Wonderbeasts' First Look Trailers Out Via DreamWorks Animation S.K. Vaughn Sci-Fi Novel 'Across The Void' In Development At Universal Harriet Dyer, Star Of NBC's 'The InBetween', Joins Blumhouse-Universal's 'The Invisible Man' Diesel produces for his One Race Films alongside Samantha Vincent, and Lin produces for his Perfect Storm Entertainment. Jeffrey Kirschenbaum and Joe Roth also will produce for Roth/Kirschenbaum Films. Diesel has produced the five highest-grossing films in the Fast & Furious franchise: The Fate of the Furious, Furious 7, Fast & Furious 6, Fast Five as well as Fast & Furious. Cole, who stars on TNT’s Animal Kingdom and Netflix’s Peaky Blinders, is represented by WME, Troika and Narrative PR. New Zealand native Sawai starred in Warner Bros/Legendary’s Ninja Assassin and is represented by United Agents and Zero Gravity Management. Bennett starred in Ghost in the Shell and Human Traces. He is repped by ICM Partners, Johnson & Laird in NZ and manager Eric Skinner at Open Bar Entertainment. The Fast & Furious canon has grossed more than $5.1 billion at the global box office. The series’ first spinoff, Hobbs & Shaw, starring Dwayne Johnson and Jason Statham, opens August 2. Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .
Government photos show detained migrants pleading for help HOUSTON (AP) In one photo, one of 88 men in a cell meant for 41 presses a piece of cardboard against the window, with the word "help." In another, a man lowers his head and clasps his hands as if in prayer. And in a third, a woman wearing a surgical mask presses both of her hands against the glass. The images were released Tuesday by U.S. government inspectors who visited facilities in South Texas where migrant adults and children who crossed the nearby border with Mexico are processed and detained. As public outrage grows over the conditions in which thousands of people some no more than a few months old are being held by the U.S. government, the report offered new cause for alarm. It quotes one senior government manager as calling the situation "a ticking time bomb." "Specifically, when detainees observed us, they banged on the cell windows, shouted, pressed notes to the window with their time in custody, and gestured to evidence of their time in custody," the report says. BuzzFeed first reported on a draft version of the report, which blurs most faces in the photos. An autopsy report also released Tuesday confirmed that a 2-year-old child who died in April had multiple intestinal and infectious respiratory diseases, including the flu. Wilmer Josué Ramírez Vásquez is one of five children to die after being detained by border agents since late last year. Two of the other four also had the flu. The autopsy report says Wilmer was in "respiratory distress" April 6 when he was taken to an emergency room. His grandmother, Dorotea Castillo, told The Associated Press in June that Wilmer was already in delicate health when they left Guatemala, and crossed into the U.S. with a high fever and difficulty breathing. The Border Patrol said after Wilmer's death that it had detained Wilmer and his mother for three days when she told agents her son was ill. It didn't specify if that was the first report or sign that Wilmer was sick. The agency did not respond to follow-up questions sent Tuesday. Story continues Pediatricians called again on border authorities to accept their offer to provide volunteer medical care to migrants in detention. U.S. Customs and Border Protection rejected the offer. Roger Maier, a CBP spokesman, said anyone who needs medical attention beyond what government and contract staff can provide is taken to a local hospital. The Border Patrol made 132,887 apprehensions in May, including 84,542 adults and children traveling together. With long-term facilities for adults and children at capacity, President Donald Trump's administration has said it has to hold people in unsuitable Border Patrol facilities for much longer than the 72 hours normally allowed by law. Auditors from the Department of Homeland Security's inspector general visited five facilities and two ports of entry in South Texas' Rio Grande Valley, where more people cross the U.S.-Mexico border illegally than any other section. The dangers there were recently illustrated in images shared around the world showing a young father and daughter who drowned trying to enter the U.S. by crossing the Rio Grande. In a statement included in the report, DHS blamed "an acute and worsening crisis" and said it had tried to expand detention capacity and improve the conditions under which migrant families are held. DHS did not immediately respond to a request for further comment from The Associated Press. The photos provided in the report were digitally manipulated to obscure the faces of the prisoners and therefore did not meet the AP's standards for distribution. Immigrant advocates blame the Trump administration for refusing to promptly release families, children and people seeking asylum, leading to increased numbers of people detained. The report details several potential violations of federal law or Border Patrol standards: Two facilities inspected had not provided children access to hot meals until the week that auditors arrived. Some adults were only receiving bologna sandwiches, causing constipation and in some cases requiring medical attention. Of 2,669 children detained by the Border Patrol in the region, 826, or 31%, had been held there longer than 72 hours. More than 50 children under the age of 7 were waiting to be moved to long-term facilities, some of them for more than two weeks. In one photo, women and children appeared to be sleeping on the ground under Mylar blankets. Many adults hadn't showered despite having been held for as long as a month. Some were being given wet wipes to clean themselves. The report also detailed "security incidents" at multiple facilities, including one case in which detained migrants refused to re-enter their cell after it had been cleaned. People detained have also in some cases clogged toilets with their Mylar blankets and socks in order to be let out of the cells. The report was released a day after a group of Democratic congressmen visited the Border Patrol facility in Clint, Texas, on the other side of the state, where lawyers previously reported some 250 children being detained in squalid conditions. One of the congressmen, U.S. Rep. Joaquin Castro of Texas, alleged that a woman told them she was instructed to drink water from a toilet. Castro shared a video he took from inside one facility. U.S. Rep. Elijah Cummings, a Maryland Democrat who chairs the House Committee on Oversight and Reform, said top Homeland Security leaders would testify before his committee next week on the treatment of migrant children. ___ Associated Press journalist Cedar Attanasio in El Paso, Texas, contributed to this report.
Police charge relative with quadruple family slayings CINCINNATI (AP) — The husband of one of the victims in an Ohio family slaying was arrested on murder charges, authorities said Tuesday. West Chester Township Police Chief Joel Herzog said that Gurpreet Singh, 37, was arrested in Connecticut and was in custody in New Haven County pending procedures to return him to Ohio to face four aggravated murder charges. He had called 911 on April 28 to say he found the four "on the ground and bleeding" in a West Chester, Ohio, apartment. Authorities didn't say why Singh, who is a truck driver, was in Connecticut. A township spokeswoman said she didn't know whether Singh has an attorney yet. Butler County Prosecutor Mike Gmoser declined to discuss details of the investigation, saying the case will be presented to a grand jury, which could help determine whether the suspect would face the death penalty upon conviction. "There will be a day of reckoning in this case," Gmoser said. Authorities spoke at a podium with a poster showing the four victims and the message: "Forever in our hearts." The Butler County coroner said a man and three women died from gunshot wounds to the head. Singh was a resident of the apartment where they died. Members of a nearby Sikh temple said the four had worshipped there. Those killed were identified as: Shalinderjit Kaur, 39; Amarjit Kaur, 58; Parmjit Kaur, 62, and Hakiakat Singh Pannag, 59. Each had at least two gunshot wounds to the head. Singh had said, in the aftermath of the slayings, that he and Shalinderjit had been married 17 years and had three children. Family members identified Parmjit and Hakitakat as his wife's parents, and Amarjit as Parmjit's sister. Singh is a truck driver who told The Cincinnati Enquirer he was often away from home. Their three children were staying with other relatives at the time of the slayings and police said Tuesday they were safe but wouldn't say where they were. Police had said soon after the slayings that they didn't believe there was a threat to other community members. Story continues Investigators, including divers who searched a pond near the home, combed the apartment complex for clues. Such violent crime is rare in the township of some 62,000 people, roughly 20 miles (30 kilometers) north of Cincinnati. Herzog assured residents after the slayings that authorities had no reason to believe that other community members were under threat. Herzog has attended services at the nearby Sikh temple where the family worshipped. Funeral services were held June 1 at a church in Mason, Ohio. News media reports at the time said family and friends came from India, Canada and other U.S. states for the services. ___ This story has been corrected to show that Gurpreet Singh is 37, not 36. ___ AP reporter Angie Wang in Cincinnati contributed.
U.S. Vice President Pence abruptly cancels trip to New Hampshire WASHINGTON (Reuters) - U.S. Vice President Mike Pence abruptly canceled a planned trip to New Hampshire on Tuesday after being called back to the White House for an unspecified reason, White House officials said. Pence's chief of staff, Marc Short, told Reuters there was no emergency after news reports that the vice president's plane was called back for an "emergency." "The vice president was called back to the White House but there's no cause for alarm and we'll reschedule the trip soon," Short said. Short said Pence's plane never actually left Washington. The White House would not say what issue arose to keep Pence in place. A senior administration official said there was no medical issue involving Pence or President Donald Trump. "Something came up that required the vice president to remain in D.C. There is no cause for concern. Everybody's fine," White House spokesman Hogan Gidley told reporters. Pence had been scheduled to fly to Manchester, New Hampshire, to speak with former patients and others at the Granite Recovery Center, an addiction treatment facility, his official schedule showed. (Reporting by Steve Holland; Writing by Doina Chiacu; Editing by Susan Thomas and Will Dunham)
4 US Lawmakers Join Call to Freeze Facebook’s Libra Project U.S. lawmakers are formally calling on Facebook to cease all development of its Libra cryptocurrency in a new letter sent to executives at the social media giant. Democrats from the U.S. House of Representativeswrote an open letterto Facebook Tuesday, calling on a moratorium to all libra development while the Financial Services Committee and affiliated subcommittees hold hearings to determine how it would operate and what protections would be implemented to protect user privacy. Representatives Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee; Carolyn Maloney (D-NY), Chair of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee; William Lacy Clay (D-MO), Chairman of the Housing, Community Development and Insurance Subcommittee; Al Green (D-TX), Chairman of the Oversight and Investigations Subcommittee; and Stephen F. Lynch (D-MA), Chairman of the Task Force on Financial Technology all signed onto the letter, which was addressed to Facebook CEO Mark Zuckerberg, COO Sheryl Sandberg and Calibra CEO David Marcus. Related:US Watchdog Groups Call for Congress to Put a Freeze on Facebook’s Libra Waters hasrepeatedly called on Facebookto pause development of libra, though this is the first time she has done so as part of a formal letter to the company. The letter described concerns with Facebook’s track record, a well as the potential for libra to act as a new global currency system. “It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar. This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook’s over 2 billion users, but also for investors, consumers, and the broader global economy,” the lawmakers wrote, adding: “While Facebook has published a ‘white paper’ on these projects, the scant information provided about the intent, roles, potential use, and security of the Libra and Calibra exposes the massive scale of the risks and the lack of clear regulatory protections. If products and services like these are left improperly regulated and without sufficient oversight, they could pose systemic risks that endanger U.S. and global financial stability. These vulnerabilities could be exploited and obscured by bad actors, as other cryptocurrencies, exchanges, and wallets have been in the past.” Related:UK Regulators Want a Long Look at Libra, Admonish Facebook’s Mantra to ‘Move Fast, Break Things’ The letter references recent privacy issues involving Facebook, including the Cambridge Analytica scandal, where a political consulting firm gained access to the data of more than 50 million Facebook users. Facebook is already expecting to pay a $5 billion fine to the Federal Trade Commission as a result of its involvement with Cambridge Analytica, and remains under a consent decree “for deceiving consumers and failing to keep consumer data private. “Because Facebook is already in the hands of a over quarter of the world’s population, it is imperative that Facebook and its partners immediately cease implementation plans until regulators and Congress have an opportunity to examine these issues and take action,” the letter said. “During this moratorium, we intend to hold public hearings on the risks and benefits of cryptocurrency-based activities and explore legislative solutions. Failure to cease implementation before we can do so, risks a new Swiss-based financial system that is too big to fail.” Librawas first unveiledin June, though the social media giant was rumored to have been developing it for months. The company lined up 27 launch partners, including crypto exchange Coinbase, and intends to have at least 100 members for the Libra Association, which will act as the cryptocurrency’s governing council, when the token goes live. TheHouse Financial Services Committeehas already scheduled a hearing to examine libra on July 17, a day after theSenate Banking Committeeis set to hold its own hearing. Since the project’s formal announcement,regulatorsandgovernment entitiesworldwide have expressedcaution or alarm, with members of the G7forming a task forceto look into the project andvarious ministerscalling for Facebook to share more details, or otherwise cease development. The letter comes days after Facebook reportedly briefed Congressional aides about the project. Ina contributed pieceto liberal political and public policy magazine The American Prospect, an anonymous House Democratic aide wrote that the legislative aides met with Libra’s head of policy (left unnamed, but presumablyDante Disparte), who outlined different aspects of the project, including Facebook’s aim to have libra go live by next year and to maintain its value using a basket of fiat currencies. According to the Prospect article, Facebook’s representatives “kept suggesting” that the 2020 launch target was “prolonged,” meaning conservative, though other participants in the room did not agree with this assessment. Other topics ranged from how libra would be regulated – “Facebook said that they assumed the FTC (Federal Trade Commission) or the CFPB (Consumer Financial Protection Bureau) would regulate Libra” – to how exactly the stablecoin’s peg would operate. Indeed, the staffer wrote: “They kept selling Libra as a means of providing banking services to 1.7 billion unbanked people around the world. When challenged on how they were going to do that, and asked directly whether they’d figure out how exactly a digital currency would be an answer for people who can’t access credit currently, they said, ‘The short answer is no.’ The phrase ‘the miracle of blockchain’ was used at one point.” The Congressional staffers present at the briefing also apparently asked what information Facebook would have if users transferred libra using WhatsApp or Messenger, two of the instant messaging apps Facebook owns and operates. “We were assured that … Facebook would not access specific information about [users’] transactions beyond that they were interested in or using Libra,” the author wrote. “That would, of course, be enough information to know a lot more about the users.” Staffers were also concerned with how Facebook could prevent its governing council partners from colluding with each other, though the response appeared to be that “the partners were well aware of the ‘reputational risks’ they might incur should they violate privacy laws, etc.” “It was also pointed out that some of the partners are direct competitors, as if that has ever prevented them from colluding in the past,” the aide wrote. U.S. House wing of Capitol Hillvia Shutterstock • Facebook’s Inches Towards Global Regulatory Compliance, Applies for New York BitLicense • Russia Won’t Ban Facebook’s Libra Currency, Deputy Finance Minister Says
Facebook Earnings: Mark Your Calendar Social networkFacebook(NASDAQ: FB)has made quite a comeback in 2019 after getting slammed in the second half of 2018. Shares are up nearly 50% year to date. Of course, such a strong run-up means the pressure is on when the company reports earnings. This is why investors may want to mark their calendars for July 24, when it posts its second-quarter results after market close. Ahead of this quarterly update, here's a preview of some areas to watch. CEO Mark Zuckerberg. Image source: Facebook. Facebook beat expectations for its top-line growth when the company reported its first-quarter results in April.Revenue jumped 26%year over year to $15.08 billion, coming in ahead of an average analyst estimate for revenue of about $15 billion. But investors should note that even though Facebook beat top-line expectations, the growth rate highlights a meaningful deceleration compared to growth seen in previous quarters. Revenue in the third and fourth quarters of 2018 increased 33% and 30% year over year, respectively. Did revenue growth decelerate even more in Q2? Probably. Management said in itsfirst-quarter earnings callthat it expected revenue growth to continue to slow down sequentially throughout the year. Facebook's operating expenses have been surging at a much faster pace than the company's revenue, pressuring its gross profit margin. Expenses rose 80% year over year in Q1, hitting $11.8 billion. But this included a $3 billion accrual related to an inquiry from the Federal Trade Commission about the company's user data practices. Adjusting to exclude this one-time expense, operating expenses still increased 34% year over year. Investors should expect more sharp expense growth in Q2, as management guided for full-year expenses to rise 47% to 55% year over year, or 37% to 45% when including the $3 billion one-time accrual expense. Finally, investors should check on Facebook's user growth. Management said in the first-quarter earnings call that a total of 2.7 billion unique users were now using Facebook, Instagram, WhatsApp, or Messenger each month, with 2.1 billion people using them on a daily basis. Did these figures keep moving higher in Q2? The company's daily active user growth on its Facebook platform is important, too. Though this figure includes some duplicate accounts, investors often use it to gauge the health of the company's core platform. First-quarter daily active users increased 8% year over year. Look for similar growth in the key metric in Q2. 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 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.Daniel Sparkshas no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Facebook. The Motley Fool has adisclosure policy.
Is There An Opportunity With Asiainfo Technologies Limited's (HKG:1675) 34% Undervaluation? 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 do a simple run through of a valuation method used to estimate the attractiveness of Asiainfo Technologies Limited (HKG:1675) as an investment opportunity by taking the foreast future cash flows of the company and discounting them back to today's value. I will be using the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in theSimply Wall St analysis model. See our latest analysis for Asiainfo Technologies 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. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: [{"": "Levered FCF (CN\u00a5, Millions)", "2020": "CN\u00a5575.0m", "2021": "CN\u00a5668.0m", "2022": "CN\u00a5674.2m", "2023": "CN\u00a5682.6m", "2024": "CN\u00a5692.6m", "2025": "CN\u00a5703.9m", "2026": "CN\u00a5716.2m", "2027": "CN\u00a5729.2m", "2028": "CN\u00a5742.9m", "2029": "CN\u00a5757.1m"}, {"": "Growth Rate Estimate Source", "2020": "Analyst x1", "2021": "Analyst x1", "2022": "Est @ 0.92%", "2023": "Est @ 1.25%", "2024": "Est @ 1.47%", "2025": "Est @ 1.63%", "2026": "Est @ 1.74%", "2027": "Est @ 1.82%", "2028": "Est @ 1.88%", "2029": "Est @ 1.91%"}, {"": "Present Value (CN\u00a5, Millions) Discounted @ 9.88%", "2020": "CN\u00a5523.3", "2021": "CN\u00a5553.3", "2022": "CN\u00a5508.2", "2023": "CN\u00a5468.2", "2024": "CN\u00a5432.4", "2025": "CN\u00a5400.0", "2026": "CN\u00a5370.3", "2027": "CN\u00a5343.2", "2028": "CN\u00a5318.2", "2029": "CN\u00a5295.1"}] ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF)= CN¥4.2b 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 9.9%. Terminal Value (TV)= FCF2029× (1 + g) ÷ (r – g) = CN¥757m × (1 + 2%) ÷ (9.9% – 2%) = CN¥9.8b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= CN¥CN¥9.8b ÷ ( 1 + 9.9%)10= CN¥3.82b 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¥8.03b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. This results in an intrinsic value estimate in the company’s reported currency of CN¥11.11. However, 1675’s primary listing is in China, and 1 share of 1675 in CNY represents 1.141 ( CNY/ HKD) share of SEHK:1675,so the intrinsic value per share in HKD is HK$12.67.Compared to the current share price of HK$8.34, the company appears quite undervalued at a 34% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. 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 Asiainfo Technologies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.9%, which is based on a levered beta of 1.322. 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. 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. What is the reason for the share price to differ from the intrinsic value? For Asiainfo Technologies, I've compiled three pertinent factors you should further examine: 1. Financial Health: Does 1675 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 1675'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 1675? 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.
Sector ETFs Most at Risk of Earning Disappointments Ahead This article was originally published onETFTrends.com. As we head toward earnings season, the latest quarterly results could disappoint, with information technology and health care and related exchange traded funds among the worst off. According to FactSet data, 77% of the 113 companies that have issued earnings per share guidance have warned that the numbers will be worse than what many are expecting,CNBCreports. “The harsh reality is data is going to impact sentiment,” Michael Yoshikami, founder of Destination Wealth Management, told CNBC. “I don’t think it’s something that can be ignored. Even though markets are at all-time highs, the economy is definitely slowing.” Among the areas of the market that are blaring the loudest warning signals, information technology and health care have been caught in the tariff battle between the U.S. and its global trading partners, notably China. Specifically, semiconductors and equipment along with health-care equipment and supplies and life sciences tools and services have issued the highest number of negative pre-earnings announcements. President Donald Trump’s tariffs against $250 billion worth of Chinese goods has put a spotlight on technology and intellectual property. Additionally, steel and aluminum duties are taking their toll on the health-care industry, impacting about $1.8 billion worth of medical imports. “Stocks are priced for perfection. You haven’t seen too much suffering yet, but it’s kind of incipient. It’s creeping into the numbers little by little,” Mitchell Goldberg, president of ClientFirst Strategy, told CNBC. “When stocks are priced for perfection, even little things become insurmountable.” Nevertheless, investors may hedge potential downside risks in the technology sector through inverse or bearish ETF plays. For instance, theProShares UltraShort Technology (REW) takes the -2x or -200% daily performance of the Dow Jones U.S. Technology index, theDirexion Daily Technology Bear 3X Shares (TECS) reflects the -3x or -300% daily performance of the S&P Technology Select Sector Index, and theDirexion Daily Semiconductor Bear 3X Shares (SOXS)aims to take the -300% daily performance of the PHLX Semiconductor Sector Index. Investors who are wary of the potential changes and the effects it will have on the healthcare sector can take steps to hedge against further risks through inverse ETF options. For example, theProShares UltraShort Health Care (RXD) follows the -2x or -200% daily performance of the broader healthcare sector. For more information on the market sectors, visit oursector ETFs category. POPULAR ARTICLES AND RESOURCES FROM ETFTRENDS.COM • SPY ETF Quote • VOO ETF Quote • QQQ ETF Quote • VTI ETF Quote • JNUG ETF Quote • Top 34 Gold ETFs • Top 34 Oil ETFs • Top 57 Financials ETFs • Facebook Libra: Weighing The Pros And Cons • As Bitcoin Surges Past $13K, Calls to Embrace Crypto Grow • GLDM Marks One Year Anniversary Today, Leads Gold-Backed ETF Flows • ROBO Global Healthcare Technology ETF Debuts on NYSE • Gold And Silver Rally On Unusual Options Activity READ MORE AT ETFTRENDS.COM >
5 Things Nike Management Wants You to Know WhenNike(NYSE: NKE)releasedstrong fiscal fourth-quarter 2019 resultslast Thursday after the markets closed, investors' initial reaction to the news was surprisingly muted. Shares of the athletic footwear and sportswear leader traded roughly flat on Friday, then bounced a modest 2.7% on Monday -- but only as traders hailed the prospect of easing macroeconomic tensions after the U.S. and China agreed to restart trade talks over the weekend. Now that the dust on Nike's quarterly update has settled, it's a great time to take a closer look at what management had to say during itscall with analysts. IMAGE SOURCE: GETTY IMAGES. Where geopolitical dynamics have led to trade tensions and foreign exchange volatility. We're certainly mindful of the risks and more importantly we're in command of the conditions that are under our control. And that's serving the consumer and managing the levers we have delivering great product, engaging experiences and building our brand. Macroeconomic issues were obviouslyon investors' mindsgoing into the report, so it's no surprise Parker took some time to address the concerns. Some of those issues are largely outside of Nike's control: Foreign-currency exchange, for example, presented a 6 percentage-point headwind to revenue growth despite Nike's hedging program, reducing Nike's top-line growth from around 10% at constant currencies to 4.1%, as reported. One thing is certain, however: Currency-exchange and macro headwinds won't persist forever. And as long as Nike focuses on strengthening the parts of its business within its control, it will emerge stronger over the long term. One question I get asked a lot is how we plan to accelerate the growth in our women's business. In addition to the right product and inspirational brand experiences, the major unlock we see over the next several years is the opportunity that digital provides. Distribution is often one of our biggest barriers and we continue to find that when we present product in a more future forward way, we're able to take the female consumer someplace new and they're responding. Our women's business in NIKE Direct and through our digital platforms continues to outpace our performance in the wholesale channels. Digital and where digital meets physical will be tremendous sources of growth in women's moving forward. Nike isalreadyachieving enviable growth from within its women's business. Nike Women's wholesale segment revenue climbed 11% at constant currency for the full fiscal year, to $7.38 billion -- but still represented just under 23% of its total sales -- and accelerated that growth into the second half of the year to handily outperform the broader wholesale business. Over the longer term, Nike sees women's product sales comprising at least half its total. The NIKE app our most comprehensive one-stop-shop for NIKE product is quickly expanding, with triple-digit revenue growth in Q4. And in the first half of fiscal year '20, we will launch the NIKE app in China and in 13 new markets in EMEA [Europe, the Middle East, and Africa]. This will be an incredible addition to our business through a potential pool of hundreds of millions of new members. The digital opportunity alone is tremendous but just as promising is how digital and physical environments are intersecting and amplifying each other. Our most effective test case thus far has been the NIKE App at Retail, which links features of the NIKE app to our physical retail experiences. Parker elaborated that NIKE app users tend to check in far more often than shoppers at its other digital channels, which explains its outsize revenue growth as the company begins to more effectively monetize this budding channel. And that doesn't include the momentum of Nike's separate Sneaker app, which accelerated its revenue more than tenfold, from $70 million in fiscal 2016 to more than $750 million this last fiscal year. As Nike begins the global rollout of the NIKE app to more than a dozen new countries including China in the coming quarters, it could offer an incredible source of incremental growth. This marks the 20th consecutive quarter of double-digit growth in China. Growth was broad-based across men's and women's, performance in sportswear and led by Digital. NIKE Digital grew 37% in Q4, fueled by the Sneakers app and the strength of NIKE-branded experiences with partners such as team on WeChat. For the full year, revenue in Greater China increased 24% on a currency-neutral basis. On a reported basis, FY '19 revenue was up 21%. We see continued strong growth in China, in fiscal year '20 as a brand of China, for China, we are building deep and meaningful relationships with the Chinese consumer. We are investing in our local team and talent creating products specifically designed for the Chinese consumer, sponsoring China's top athletes, federations and teams and working closely with the ministries of Sport and Education to fuel the passion for an increasing participation in sport and fitness in China. To be fair, Nike's Greater China revenue growth arrived at 22% at constant currencies in the fiscal fourth quarter, decelerating slightly from its full-year growth of 24%. That doesn't necessarily indicate a longer-term trend just yet, however, and Nike anticipates continued market-share gains as it builds its brand in the Middle Kingdom for the foreseeable future. In Q1, we expect reported revenue growth in-line to slightly above our reported revenue growth in Q4. We expect currency-neutral revenue growth squarely within the high-single digit range, offset by 4 points of FX headwinds. Based on current FX rates, the FX impact on revenue should largely abate from Q2 forward. [...] As for gross margin, we expect to deliver flat to potentially 25 basis points of gross margin expansion in Q1. This reflects very strong underlying margin expansion fueled by NIKE Direct growth and strong full price sales. For perspective, this quarterly guidance offered no surprises relative to Wall Street's expectations -- though it's encouraging to know foreign-exchange headwinds should abate as the year progresses. In the meantime, Campion added that foreign exchange will present a 50 to 70 basis-point headwind to gross margin in the first quarter, albeit largely driven by exchange rate changes compared to last year's fiscal Q1, as well as the timing of gains and losses from its hedging program. As such, Nike reaffirmed the preliminary full fiscal-year 2020 guidance it firstprovided in March, which calls for high-single-digit reported revenue growth and gross margin expanding around 50 basis points from fiscal 2019. While the market's initial response may not indicate as much, that should have been more than enough to appease investors' concerns over the state of Nike's business and the sustainability of its growth in today's difficult retail environment. 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 Steve Symingtonhas no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Nike. The Motley Fool has adisclosure policy.
How the Valuation of a Business is Determined Valuation comes in handy if you want to determine your company’s worth oracquire another business. A company’s valuation determines the value of a business, and it’s worth knowing if you’re about to make a transaction. There are a few different methods for valuation, depending on your industry and who is evaluatingyour business. Valuation at a Glance Business valuation could include an analysis of company’s management. It may require a look at future earnings prospects and current capital structure. Lastly, it may take into account the fair market value of a company’s assets. Financial statements and discounting cash flow models are just some of the methods used for company valuation. However,the IRSrequires business valuation based on fair-market value. That valuation will determinehow shares of a company will be taxedin the event of a sale or acquisition. Valuation in Practice It isn’t a great idea for abusiness ownerto perform their own business valuation. If you think you’re going to have a hard time valuing a business objectively, look into a Chartered Business Valuator (CBV) from theAmerican Society of Appraisers (ASA)or speak to a financial advisor who can point you in the right direction. A valuation can be based off of asset value or potential earnings value. It may also focus on market value or combination of all of the values above. As a result, there are numerous approaches to business valuation. Valuation Methods While this isn’t an exhaustive list of strategies, the following represent just some of the methods used in business valuation: 1. Book Value Checking a company’sbalance sheetis one quick way to discern its value. The book value is a company’stotal assets minus total liabilities. It’s also referred to as a going concern asset-based approach. 2. Liquidation Value This method answers one question: How much net cash would a be worth if itwas liquidatedand its liabilities were paid off. 3. Capitalization Past Earnings Usingpast earnings, this method estimates future growth while factoring in normal expenses. It then multiplies normalcash flowby a capitalization factor, or the expectedrate of returnonce risk is considered. 4. Market Value A market valuation compares a company to similar businesses that have recently sold. Similar toproperty sale comparisonsin real estate, this method works best if similar companies have been sold recently. If competition is sparse, however, you may want to consider a different method. 5. Market Capitalization Market capitalizationis often included in a publicly traded company’s share summary. It is calculated by multiplying the share price by the number of shares outstanding. On July 1, 2019, Apple shares were valued a $201.55. With more than 4.6 billion shares outstanding, that gave Apple market capitalization (or a “market cap”) of $927.35 billion. 6. Times-Revenue Method This formula uses a multiplier ofcurrent revenueto determine a company’s maximum value. That multiplier is based on variables including the industry the company is in and the state of the economy at the time. Using company earnings from the last 12 months as a base, this method multiplies that revenue accordingly. Sometimes the multiplier is lower than earnings; sometimes it more than doubles revenue. A tech company with $500,000 in earnings might be worth 3x revenue — or $1.5 million. However, sincerevenue and profitdon’t always equate, this method may not yield a true valuation. 7. Discounted Cash Flow (DCF) This is perhaps the most reliable valuation, but it’s also one of the most complex. DCF measures how much cash a business brings in each year and projects that cash flow into the future. It thendiscounts that potential cash flowto the current day. DCF isn’t easy, butWarren Buffet swears by it. Bottom Line A company’svaluemay rely more than one formula. Try to take different valuations into account, and base your decisions off of those varied figures. Tips for Business Valuation • If you’re looking to invest in a company, it’s best to review all your options with an expert.Finding the right financial advisor thatfits your needsdoesn’t have to be hard.SmartAsset’s free toolmatches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals,get started now. Photo credit: ©iStock.com/zhz_akey, ©iStock.com/dblight, ©iStock.com/wutwhanfoto The postHow the Valuation of a Business is Determinedappeared first onSmartAsset Blog. • What Is an Amortization Table and How Does It Work? • What Are Structured Notes and How Do They Work? • Demand: A Guide to the Economic Concept
Did Nissin Foods Company Limited (HKG:1475) Insiders Buy Up More Shares? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So we'll take a look at whether insiders have been buying or selling shares inNissin Foods Company Limited(HKG:1475). It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market. We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Columbia Universitystudyfound that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'. See our latest analysis for Nissin Foods In the last twelve months, the biggest single purchase by an insider was when Chairman & CEO Kiyotaka Ando bought HK$20m worth of shares at a price of HK$3.86 per share. We do like to see buying, but this purchase was made at well below the current price of HK$5.96. But because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at thisfreelist of companies. (Hint: insiders have been buying them). Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.6% of Nissin Foods shares, worth about HK$95m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders. The fact that there have been no Nissin Foods insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Insiders own shares in Nissin Foods and we see no evidence to suggest they are worried about the future. Therefore, you should should definitely take a look at thisFREEreport showing analyst forecasts for Nissin Foods. Of courseNissin Foods may not be the best stock to buy. So you may wish to see thisfreecollection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Roku: Why RBC downgraded a Wall Street darling that’s tripled in value Shares of digital streaming-media player maker Roku (ROKU) tumbled nearly 4% in early Tuesday trading before rebounding higher, following a downgrade from RBC Capital Markets analyst Mark Mahaney to Sector Perform from Outperform. Mahaney said the the stock has “dramatically outperformed the market,” up nearly 200% versus the 18% return on the S&P 500 (^GSPC) year-to-date. “Given what we view as sustainably robust growth and profitability levels, we believe ROKU’s YTD outperformance is fully justified,” Mahaney wrote in a note to investors. “However, with the stock now trading at an intrinsically robust multiple – 11x ’19E P/S, we see risk – reward as less compelling. Hence the downgrade.” Still, Mahaney and team point out that their fundamental long thesis and $90 price target remain fully intact, adding that they would be constructive again on any major stock pullback. “We view ROKU as one of the best plays on ad-supported OTT, with the company being one of the best-positioned to take share of the very large, underpenetrated $70B TV Ad spend opportunity,” Mahaney said. According to Strategy Analytics,Roku is the dominant streaming platform in the U.S., with a 36% lead over the No. 2 provider Sony (SNE) PlayStation. Roku has about 22 million monthly active users, with 10.6 billion hours of content streamed in the first half of 2018. Upcoming OTT launches with Disney+ (DIS) and Apple+ (AAPL) could also act as near-term catalysts. While Mahaney highlights Roku’s “very consistent financial track record thus far,” he also points out a few risks to his rating and price target - including heightened competition, a concentrated content base from Netflix (NFLX), YouTube (GOOGL) and Amazon (AMZN) as well as the ongoing lack of profitability. Looking at the analyst coverage universe, there are currently 7 buy-rating equivalents, 7 Hold and 2 Sell-rating equivalents on Wall Street. Iryna Kirby is a Producer for Yahoo Finance. Follow her on Twitter at@IrynaNesko. • Read the latest financial and business news from Yahoo Finance Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,SmartNews,LinkedIn,YouTube, andreddit.
How the New Republican Tax Law Worked in Its First Year In some respects, the 2018 tax year wasn’t that different from the year before, says Richard Rubin of The Wall Street Journal. According to new data from the IRS, 79% of taxpayers received refunds averaging $2,879 on their 2018 returns, Rubin reports, not far off from the 80% of taxpayers receiving refunds worth an average $2,908 for 2017. But in other ways, the tax overhaul changed how important components of the tax system performed. Here’s are some highlights from Rubin’s analysis: Tax liability fell for all income groups. “Overall, with 0.5% more returns filed through May 23, adjusted gross income rose 5%, reflecting the strong economy, wage growth and changes to what deductions are allowed,” Rubin says. “Tax liability dropped 6%.” Tax penalties increased. Fewer people owed penalties for the 2018 tax year, thanks in part to a temporary easing of the rules, but those who did owe penalties paid more – 24% more compared to 2017, and that number will likely rise after late filings are processed in the fall. More taxpayers claimed the standard deduction. The tax law nearly doubled the standard deduction and placed a cap on state and local tax deductions, reducing the benefit of using itemized deductions for many filers. About 90% of filers used the standard deduction for 2018, compared to 70% the year before. AMT was much less prominent. Many upper-income households used to face the alternative minimum income tax, but the AMT “is virtually gone for households making under $1 million,” Rubin says. “For every 62 AMT payers in 2018, there is one in 2019.” Like what you're reading? Sign up for our free newsletter .
Trump announces nominees to fill two vacant Fed seats WASHINGTON (Reuters) - U.S. President Donald Trump announced on Tuesday the names of two nominees to fill vacant posts on the Federal Reserve Board, after two of his earlier choices withdrew from consideration in the face of criticism. Trump said on Twitter he intends to nominate Christopher Waller, an executive vice president at the Federal Reserve Bank of St. Louis, and Judy Shelton, the U.S. director of the European Bank for Reconstruction and Development. Both nominees must be confirmed by the U.S. Senate. Before joining the Fed Bank in St. Louis as research director in 2009, Waller was an economics professor at the University of Notre Dame. Shelton, who served as an economic adviser to Trump's 2016 presidential campaign, has advocated a return to the gold standard. Trump has been critical of the Fed, and Chairman Jerome Powell in particular, for raising interest rates. Trump says he wants lower rates to better compete with China and has accused Powell, whom he appointed to lead the central bank in early 2018, of doing a "bad job." Trump's earlier choices for the Fed seats, economic commentator Stephen Moore and businessman Herman Cain, withdrew from consideration. Cain pulled out in mid-April after lawmakers expressed discomfort with the sexual harassment allegations that cut short his presidential bid in 2012. Cain has denied those allegations. Moore withdrew from consideration in May after weeks of criticism about his political partisanship, shifting views on interest rate policy, and sexist comments about women. Neither Cain nor Moore had been formally nominated. (Reporting by Eric Beech; editing by Mohammad Zargham and Peter Cooney)
ADP employment report — What to know in markets Wednesday Wednesday’s trading session will be shortened as major markets close at 1 p.m. ET in observance of the Independence Day holiday. Nevertheless, there will be a slew of economic data released Wednesday. One of the standout releases will be the ADP’s June employment report. Though it’s not always a reliable gauge of the Bureau of Labor Statistics (BLS) employment report, the ADP report will be likely be the focal point for investors on Wednesday. Last month, the ADP’s weak payroll data for May shocked investors; however, it helped provide some clues on what to expect when the government employment report was released. Nomura expects that the ADP report will likely be roughly in line with the BLS expectations of 160,000 non-farm payrolls added. “Consistent with our forecast for the June BLS employment report, we expect ADP to show a 140K increase in private employment during the month,” the firm wrote in a note Friday. However, it is important to note that there is a wide margin of error for employment reports. Downward and upward revisions are common. No major corporate earnings reports are scheduled for Wednesday. — 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: McDonald’s Japan is one of the most popular places on Facebook Tyson on alt-meat: We're going in big 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
Alert level increased at world's largest volcano in Hawaii HONOLULU (AP) — Federal officials raised the alert level Tuesday for the world's largest active volcano, Hawaii's Mauna Loa, which last erupted in 1984. The U.S. Geological Survey changed the level from "normal" to "advisory" following a steady increase in earthquakes and ground swelling that began in March. An eruption is not imminent, but scientists are closely monitoring Mauna Loa because of its reputation for "evolving very quickly" and sending lava far and wide, USGS research geophysicist Ingrid Johanson told The Associated Press in a phone interview last month. "Lava can go from the rift down to the ocean on the west side of Mauna Loa on the order of a couple hours," Johanson said. "The rate of the eruption is just really fast." Mauna Loa has erupted 33 times since 1843. Its lava flows have stretched to the south and west coasts eight times and neared Hilo, on the east side, seven times. During its last eruption, lava flows came within 4.5 miles (7.2 kilometers) of Hilo, the Big Island's largest city. The alert level on Mauna Loa was last raised to advisory in 2015. A similar period of increased activity occurred around 2004, but the USGS Volcano Alert Level system was not yet in place at that time. "Advisory" is the second of four alert levels and means scientists have detected elevated activity or unrest. The next level, "watch," means there is heightened activity with more potential for eruption or that an eruption is ongoing but poses little threat. The highest level, "warning," means a dangerous eruption is imminent or underway. An alert-level change is not something the USGS does lightly, said Janet Babb, an agency geologist and spokeswoman. It must balance the need to keep people informed and the risk of causing panic. "A lot of discussion goes into it because it has ramifications," Babb said. Mauna Loa currently is experiencing 50 to 75 earthquakes a week, a steady increase since March when there was a pronounced change. And the bulging of the ground, known as deformation, indicates magma is entering the volcano's plumbing system. Story continues Yet gas emissions have been low and steady in recent months, and "that tells us that there isn't magma rising to very shallow depths," Johanson said. And scientists would expect to see 50 to several hundred earthquakes per day — not per week — ahead of an eruption, USGS volcanologist and geologist Frank Trusdell said. "It's above background, but it isn't the amount of earthquakes we would expect to see prior to an eruption," Trusdell said. Mauna Loa's smaller neighbor to the south, Kilauea, has long been the world's most active volcano. It made headlines last year as molten rock exploded from its flank in one of its largest eruptions in recorded history. More than 700 Big Island homes were destroyed and thousands of people were displaced. Trusdell said there is historical evidence of a "general correlation" between the two volcanoes. "If you look at the long-term eruptive history of both volcanoes, when one volcano in the past was active, it seems like the other volcano was quiet," Trusdell said. Kilauea stopped erupting for the first time in more than 30 years in 2018. But "it is not as if Kilauea is stealing Mauna Loa's volume," he said. "It has more to do with the interaction and the buttressing of the volcanoes." Mauna Loa and Kilauea are fed by different portions of a hot spot deep within the Earth's crust, but Mauna Loa basically rests up against Kilauea and both volcanoes are sliding to the south. When Kilauea stops moving, it can cause pressure to build in Mauna Loa. "With the eruption over in (Kilauea's) east rift zone, maybe the flank will stop," Trusdell said. "Then Mauna Loa's flank will buttress up against the immobile Kilauea and the trickle of magma that has been feeding the volcano will build positive pressure and drive an eruption." But there have been times that both volcanoes have erupted simultaneously, and there are other factors at play, Trusdell said. At the beginning of the 2018 Kilauea eruption, a large earthquake struck the Big Island and destabilized the entire region. Trusdell said if the theory is correct and the motion caused by the 6.9 magnitude earthquake isn't that significant, Mauna Loa could be "reawakening." But it's too early to be certain, he warned. "The last time we had a large earthquake like this it took a decade for the flank to decelerate," Trusdell said. "It could be that this complicates that simple relationship of one volcano buttressing against the other because the flank is still moving."
2019 World Cup: Team USA jerseys, gear United States' Alex Morgan has been shining for Team USA. (AP Photo/Alessandra Tarantino) The United States Women’s National Team (USWNT) clinched a third straight finals appearance with a 2-1 win against England at the 2019 FIFA World Cup on Tuesday. Led by manager Jill Ellis, keeper Alyssa Naeher had a night to remember as she saved Stephanie Houghton's penalty kick attempt to keep the U.S. lead with minutes left to play. The USWNT will play the winner of Wednesday's second semifinal match between Sweden and the Netherlands at 3 p.m. ET. Luckily, we identified products that are still available to cop in time for Sunday’s final. Read on to see what we curated as some of the most stylish products splashed with Team USA’s logo. The editors at Yahoo Sports are committed to finding you the best products at the best prices. At times, we may receive a share from purchases made via links on this page. USWNT Nike Women's 2019 Away Player Jersey USWNT Nike Women's 2019 Away Player Jersey Currently tied for the golden boot at this year’s tournament is Alex Morgan, with five goals to her account. You can show your support for her and the rest of the team by wearing the same home and away kits as the reigning champs. Shop it : $195, Fanatics Nike Women's Squad Performance Pants USWNT Nike Women's Squad Performance Pants Become Team USA’s walking mascot when you pair the authentic jersey with these training pants. Nike’s signature Dri-Fit design allow for an athletic feel without absorbing sweat in the process. Zippered pockets and cuffs add a subtle yet stylish feature to the look. Shop it : $80, fanatics.com USWNT Flora Eagle Summer Soccer Scarf USWNT Flora Eagle Summer Soccer Scarf Soccer fans know that scarves are a time-honored tradition that will never go out of style. The abstract eagle on this crisp white scarf beautifully offsets the motto that adorns the opposite side. Next time Carli Lloyd or Julie Ertz fires one home, wave this scarf to your heart’s content. Shop it : $30, fanatics.com Nike USWNT Backpack Nike USWNT Backpack Store your things while showing off your support for the team in this sophisticated backpack from Nike. A large main pocket and several smaller pockets keep everything from keys to cleats intact. Shop it : $50, soccer.com Nike Women's Soccer Drill Top Nike Women's Soccer Drill Top Cooler nights call for long sleeves, so why not opt for this bright blue number from Nike. With the official USA patch and country name written across the sleeve, there’s no confusion about who you’re lending your complete backing to this summer. Shop it : $80, nike.com USWNT Multi-Use Decal USWNT Multi-Use Decal Take your team pride on the road — literally. This decal fits perfectly on any ride and easily peels off without leaving any residue. You’ll undoubtedly receive honks of solidarity from fellow fans. Shop it : $4, fansedge.com Story continues US Soccer Deluxe Flag US Soccer Deluxe Flag Adorn the outside of your home or apartment balcony with this extra large Team USA flag. There’s no such thing as too much pride and no one will question yours after seeing this. Shop it : $40, fansedge.com View comments
Do You Know About Nanjing Sample Technology Company Limited’s (HKG:1708) ROCE? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today we are going to look at Nanjing Sample Technology Company Limited (HKG:1708) to see whether it might be an attractive investment prospect. In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. First up, we'll look at what ROCE is and how we calculate it. Next, we'll compare it to others in its industry. Last but not least, we'll look at what impact its current liabilities have on its ROCE. ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the 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'. The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Nanjing Sample Technology: 0.11 = CN¥283m ÷ (CN¥4.8b - CN¥2.2b) (Based on the trailing twelve months to December 2018.) So,Nanjing Sample Technology has an ROCE of 11%. See our latest analysis for Nanjing Sample Technology One way to assess ROCE is to compare similar companies. Using our data, Nanjing Sample Technology's ROCE appears to be around the 9.9% average of the Electronic industry. Separate from Nanjing Sample Technology's performance relative to its industry, its ROCE in absolute terms looks satisfactory, and it may be worth researching in more depth. In our analysis, Nanjing Sample Technology's ROCE appears to be 11%, compared to 3 years ago, when its ROCE was 8.6%. This makes us think the business might be improving. You can see in the image below how Nanjing Sample Technology's ROCE compares to its industry. Click to see more on past growth. Remember that this metric is backwards looking - it shows what has happened in the past, and does not accurately predict the future. Companies in cyclical industries can be difficult to understand using ROCE, as returns typically look high during boom times, and low during busts. ROCE is only a point-in-time measure. You can check if Nanjing Sample Technology has cyclical profits by looking at thisfreegraph of past earnings, revenue and cash flow. Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. To check the impact of this, we calculate if a company has high current liabilities relative to its total assets. Nanjing Sample Technology has total liabilities of CN¥2.2b and total assets of CN¥4.8b. As a result, its current liabilities are equal to approximately 46% of its total assets. Nanjing Sample Technology has a middling amount of current liabilities, increasing its ROCE somewhat. While its ROCE looks good, it's worth remembering that the current liabilities are making the business look better. Nanjing Sample Technology looks strong on this analysis,but there are plenty of other companies that could be a good opportunity. Here is afree listof companies growing earnings rapidly. For those who like to findwinning investmentsthisfreelist of growing companies with recent insider purchasing, could be just the ticket. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Despite Pressure from Trump and Lawmakers, Drug Prices Keep Rising Prescription drug prices are surging in 2019, despite pressure from the Trump administration and lawmakers on pharmaceutical companies and public anger about the cost of medications. CBS News’s Aimee Picchireports: “So far in 2019, more than 3,400 drugs have boosted their prices, a 17% increase compared with the roughly 2,900 drug price increases at the same time in 2018, according to a new analysis by Rx Savings Solutions, a consultant to health plans and employers.” The data is preliminary, and the pricing picture could still change when more information is available. The average price hike for those drugs over the past six months has been 10.5%, smaller than the 15% for the same period last year but still about five times the rate of inflation. Drugmakers have typically pushed through price hikes at the beginning of January and July. On Monday, for example, 20 companies raised the list prices of more than 40 drugs by an average of 13.1%, according to data from Rx Savings Solutions cites byThe Wall Street Journal. A year earlier, 16 companies raised the list prices of dozens of drugs by an average 7.8%. But the dynamics of drug pricing have changed somewhat, perhaps as the result of manufacturers growing wary of public and political scrutiny they face. “Many pharmaceutical companies have pledged to raise their drugs’ list prices by less than 10% each year,” the Journal’s Jared S. Hopkins writes. He adds that, over the first quarter of 2019, list prices for branded drugs in the United States increased 3.3%, compared with 6.3% a year earlier, according to SSR Health LLC pharmaceutical analysts. And over the past six months, the top 100 U.S. drug brands and 30 smaller brand-name medications saw prices increase by a more modest average of 3.1%, according to industry analysts cited byPolitico. Many large drugmakers skipped the July 1 round of price increases, and some products did see prices decrease. At the same time, drug companies have begun to stagger their price increases to avoid drawing attention, RX Savings Solutions CEO Michael Rea told Politico. The bottom line:"The data has something for everyone in it," one industry analyst told Politico. "That said, it’s hard to imagine what [drugmakers] are thinking. Keeping your head down would seem to be a much better strategy." But those pharmaceutical companies also face pressure from shareholders to grow their profits — and the prescription drug market is inelastic, as Rea told CBS. "It's a good that people need, in many cases in order to stay alive," he said. "You have a lot of flexibility to drive prices higher and higher." Some companies that didn’t raise prices Monday may still do so soon. Like what you're reading? Sign up for ourfree newsletter.
Should We Be Cautious About Fosun Tourism Group's (HKG:1992) ROE Of 4.7%? 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 Fosun Tourism Group (HKG:1992). Fosun Tourism Group has a ROE of 4.7%, based on the last twelve months. Another way to think of that is that for every HK$1 worth of equity in the company, it was able to earn HK$0.047. View our latest analysis for Fosun Tourism Group Theformula for ROEis: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Fosun Tourism Group: 4.7% = CN¥308m ÷ CN¥8.3b (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. It is the capital paid in by shareholders, plus any retained earnings. You can calculate shareholders' equity by subtracting the company's total liabilities from its total assets. ROE measures a company's profitability against the profit it retains, and any outside investments. The 'return' is the amount earned after tax over the last twelve months. A higher profit will lead to a higher ROE. So, all else being equal,a high ROE is better than a low one. That means ROE can be used to compare two businesses. One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. As is clear from the image below, Fosun Tourism Group has a lower ROE than the average (8.2%) in the Hospitality industry. That's not what we like to see. It is better when the ROE is above industry average, but a low one doesn't necessarily mean the business is overpriced. Nonetheless, it might be wise tocheck if insiders have been selling. Virtually all companies need money to invest in the business, to grow profits. That cash can come from issuing shares, retained earnings, or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. That will make the ROE look better than if no debt was used. Although Fosun Tourism Group does use debt, its debt to equity ratio of 0.73 is still low. Its ROE isn't particularly impressive, but the debt levels are quite modest, so the business probably has some real potential. Judicious use of debt to improve returns can certainly be a good thing, although it does elevate risk slightly and reduce future optionality. Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. In my book the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. 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 I think it may be worth checking thisfreereport on analyst forecasts for the company. Of course,you might find a fantastic investment by looking elsewhere.So take a peek at thisfreelist of interesting companies. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
'Ticking Time Bomb': New Government Report Details Overcrowding, Prolonged Detention and Security Risks at Border Patrol Facilities A new government report describes in detail the prolonged detention, overcrowding and security risks at Customs and Border Protection (CBP) facilities in the Rio Grande Valley, including facilities housing children and families. The report, published by the Department of Homeland Security Office of the Inspector General , included details of visits to five detention facilities and two ports of entry, including several photos. In one photo, 88 men are huddled in a cell with a maximum capacity of 41. The report described the situation as “a ticking time bomb,” detailing the scenes witnessed: undefined Eighty-eight adult males held in a cell with maximum capacity of 41, some signaling prolonged detention to Office of Inspector General (OIG) staff, observed by OIG on June 12, 2019, at Border Patrol's Fort Brown Station. \| Department of Homeland Security Office of the Inspector General The facilities visited were designed to detain migrants for no more than 72 hours, but the report says investigators found prolonged detention at all five facilities. They found 3,400 detainees had been held longer than that, and 1,500 of whom had been in custody for more than 10 days. Out of 2,669 children, 826 had been in custody for longer than 72 hours. It also found overcrowding at four of the five facilities. Overcrowding of families observed by OIG on June 11, 2019, at Border Patrol's McAllen, Texas, Centralized Processing Center. \| Department of Homeland Security Office of the Inspector General The publication of the report comes amid several weeks of public turmoil for CBP. In a little over a week, reports have spread of unsanitary and inhumane conditions at a detention facility housing migrant children in Clint, Texas, and the head of Border Patrol John Sanders resigned and a ProPublica story uncovered roughly 9,500 current and former border patrol agents were members of a secret Facebook group sharing offensive content. The House Oversight Committee has scheduled a July 12 hearing to address these issues. The committee asked acting DHS Secretary Kevin McAleenan and acting CBP Commissioner Mark Morgan to testify, but neither have accepted the invitation, according to the committee. “The Trump Administration’s actions at the southern border are grotesque and dehumanizing,” Committee chairman Rep. Elijah Cummings said in a statement. “There seems to be open contempt for the rule of law and for basic human decency. The committee needs to hear directly from the heads of these agencies as soon as possible in light of the almost daily reports of abuse and defiance. I encourage Acting Secretary McAleenan and Acting Commissioner Morgan to appear voluntarily in order to answer these critical questions.” Story continues The Inspector General report acknowledged that the Trump administration has had to deal with growing numbers of migrants arriving to the U.S. The report details conversations with Immigration Customs Enforcement (ICE), who is responsible for providing long-term detention, and urges DHS to transfer single adults to ICE custody as quickly as possible. DHS responded to the Inspector General by saying Congress needs to act. “Without Congressional action to address legal and judicial loopholes, families and [unaccompanied alien children] will continue to be incentivized by the smuggling organizations to make the dangerous journey and be encouraged by the likelihood that families will not be detained during their immigration proceedings,” a DHS response contained in the report reads. “As more migrants become emboldened by these loopholes, CBP expects this influx to not only continue, but to escalate.”
DataMiners Capital Corp. and Zoomd Ltd. Enter into Agreement and Plan of Merger Vancouver, British Columbia--(Newsfile Corp. - July 2, 2019) - DataMiners Capital Corp. (TSXV: DMC.H) ("DataMiners") is pleased to announce, further to its news release of September 26, 2018, that it has entered into an agreement and plan of merger (the "Agreement") dated May 28, 2019 with Zoomd Ltd. ("ZoomD") pursuant to which DataMiners will acquire all of the issued and outstanding securities of Zoomd in exchange for the issuance of securities of DataMiners (the "Transaction"). The Transaction will result in a reverse take-over of DataMiners where the existing shareholders of Zoomd will own a majority of the outstanding shares of DataMiners (the "DataMiners Common Shares"). About Zoomd Zoomd is a privately held Israel company that has developed a proprietary patented technology for leveraging internet onsite search for increased monetization and engagement for publishers; and better management of digital advertising focusing on mobile app user acquisition, for media agencies and advertisers. The Company has global operations and provides services to top tier brands such as Poker Stars, 90min, Shein, eToro and Bwin. Zoomd provides its customers with the following platforms: • For advertisers - mobile app user acquisition and engagements, including automated media buying based on rules, guidelines, fraud detection, cap and key performance indicators. • For publishers - SaaS (Software as a Service) based search engine for publisher's sites based on a shared revenue model. Zoomd creates new 'real-estate' on the publisher's website, it monetizes it and splits the income with the publisher Zoomd's SaaS search engine that directs publishers is fully developed. Most of Zoomd's development efforts are focused on data collection development methods and engine improvements considering monetization benefits and additional features. The Zoomd's product for advertisers has also been completed and is already in a production mode. New versions including improvement and upgrading with additional functionality, based on cumulative market experience, are being added on a regular basis. The following table sets forth selected audited financial information of Zoomd for its completed financial year ended December 31, 2018 and the unaudited three months ended March 31, 2019. This financial information has been prepared in accordance with IFRS. [{"Selected Financial Information": "Net Sales", "Year ended December 31, 2018": "$28,649,000", "Three months ended March 31, 2019": "$6,899,000"}, {"Selected Financial Information": "Loss From Operations", "Year ended December 31, 2018": "$1,532,000", "Three months ended March 31, 2019": "$432,000"}, {"Selected Financial Information": "Adjusted EBITDA", "Year ended December 31, 2018": "$2,036,000", "Three months ended March 31, 2019": "$311,000"}, {"Selected Financial Information": "Net Comprehensive Loss", "Year ended December 31, 2018": "$2,338,000", "Three months ended March 31, 2019": "$437,000"}] Adjusted EBITDA - represents the Company's operating Earnings before, Interest, Taxes, Depreciations, Amortizations and before the cost of share based payment All figures in USD Transaction Summary Under the Agreement, Zoomd and Dotima 2019 Ltd. ("Dotima"), a wholly-owned subsidiary of DataMiners, will merge to form one corporation in accordance with theIsraeli Companies Act - 1999. Dotima will cease to have its own corporate existence, with Zoomd continuing as the surviving corporation (the "Surviving Company"). Prior to the completion of the Transaction, DataMiners will consolidate the DataMiners Common Shares on the basis of one (1) new DataMiners Common Share for each two and a half (2.5) old DataMiners Common Shares (the "Consolidation"). Pursuant to the Transaction, the holders of issued and outstanding shares of Zoomd will receive one (1) DataMiners Common Share for each one (1) Zoomd common share on a post-Consolidation basis. This will result in DataMiners issuing approximately 82,552,915 post-Consolidation common shares to Zoomd shareholders (assuming the conversion of all Zoomd convertible debt and warrants and including the 390,000 shares to be issued to A-Labs (as defined below), as more particularly described below), as well as 8,447,083 options to purchase DataMiners Common Shares, excluding securities issued in connection with the Zoomd Private Placement (defined below). Prior to or concurrent with the completion of the Transaction, Zoomd intends to complete an equity financing (the "Zoomd Private Placement"). Additional information in respect of the Zoomd Private Placement is available below. The completion of the Transaction is subject to a number of precedent conditions, including, but not limited to, regulatory consents and authorizations, TSXV approval, Zoomd shareholder approval of the Transaction and the completion of the Zoomd Private Placement. DataMiners is a capital pool company and intends that the Transaction will constitute its "Qualifying Transaction" under Policy 2.4 of the TSX Venture Exchange (the "TSXV"). Upon completion of the Transaction DataMiners is expected to change its name to Zoomd Inc. (the "Resulting Issuer"), or such other name as determined by Zoomd, and to be listed as a Tier 2 technology issuer on the TSXV. In respect of the Transaction, Zoomd retained the consulting services of A-Labs Finance and Advisory Ltd. ("A-Labs"). Subject to the completion of the Transaction, A-Labs shall be entitled to (i) a cash fee equal to five percent (5%) of the amounts actually received by Zoomd under the Zoomd Private Placement, (ii) a shares based fee (of the Resulting Issuer) equal to five percent (5%) of the Zoomd Subscription Receipts issued pursuant Zoomd Private Placement (i.e., a minimum of 390,000 Resulting Issuer Shares (as defined below)), and (iii) subject to Zoomd's discretion (if it wishes to retain further consulting services), US$ 5,000 paid to A-Labs as a monthly consulting retainer on the 1st of every calendar month commencing after the completion of the Transaction. Zoomd Private Placement Following the date hereof, the Zoomd Private Placement will be completed by issuing a minimum 7,800,000 subscription receipts (the "Zoomd Subscription Receipts") of Zoomd Financeco Ltd. ("Finco"), a company incorporated under theBusiness Corporations Act(British Columbia), at a price of CAD$1.00 per Zoomd Subscription Receipt (the "Issue Price") for aggregate gross proceeds of a minimum of CAD$7,800,000. The brokered portion of the Zoomd Private Placement will be conducted by a syndicate of agents co-led by Haywood Securities Inc. ("Haywood") and Eight Capital Corp. (together with Haywood, the "Co-Lead Agents") and including Paradigm Capital Inc. (collectively with the Co-Lead Agents, the "Agents"). Each Zoomd Subscription Receipt will automatically convert, without payment of any additional consideration and without further action on the part of each subscriber, into one common share of FinCo (each, a "Finco Share") upon satisfaction of the Escrow Release Conditions (as defined below). No Zoomd Subscription Receipts may be exercised by the holder thereof. Following the conversion of the Zoomd Subscription Receipts, each FinCo Share issued pursuant to the Zoomd Private Placement will be acquired by DataMiners in exchange for one common share of the Resulting Issuer (each, a "Resulting Issuer Share") pursuant to a share exchange agreement to be entered into between the Co-Lead Agents (as attorney for the holders of FinCo Shares issued pursuant to the brokered portion of the Zoomd Private Placement), DataMiners, FinCo and the holders of FinCo Shares issued pursuant to the non-brokered portion of the Zoomd Private Placement (or an attorney for such holders) (the "Finco Share Exchange Agreement"). Accordingly, assuming the satisfaction of the Escrow Release Conditions and the completion of the Transaction, each holder of a Zoomd Subscription Receipt will ultimately receive one Resulting Issuer Share for each respective FinCo Share so held. In connection with the Zoomd Private Placement, FinCo intends to pay the Agents a cash fee equal to 7% of the gross proceeds from the brokered portion of the Zoomd Private Placement (3.5% in the case of gross proceeds raised from certain investors on the "president's list" agreed to by Zoomd and the Agents) (the "Agents' Fee"). In addition, in connection with the non-brokered portion of the Zoomd Private Placement, FinCo intends to pay certain finders a cash fee equal to 7% of the gross proceeds from the non-brokered portion of the Zoomd Private Placement (the "Non-Brokered Finders' Fee", and together with the Agents' Fee, collectively, the "Zoomd Private Placement Cash Fee"). In addition to the Agents' Fee, the Agents will receive non-transferrable warrants to purchase Finco Shares (the "Zoomd Broker Warrants"), equal to 7% of the number of Zoomd Subscription Receipts issued in connection with the brokered portion of the Zoomd Private Placement (3.5% in the case of Zoomd Subscription Receipts issued to certain investors on the "president's list" agreed to by Zoomd and the Agents). In addition to the Non-Brokered Finders' Fee, certain finders will receive Zoomd Broker Warrants, equal to 7% of the number of Zoomd Subscription Receipts issued in connection with the non-brokered portion of the Zoomd Private Placement. Each Zoomd Broker Warrant will be automatically exchanged for non-transferable compensation options of the Resulting Issuer upon completion of the Transaction and will be exercisable for one Resulting Issuer Share at the Issue Price for a period of 24 months from the completion of the Transaction. The gross proceeds from the sale of all Zoomd Subscription Receipts, which, for the avoidance of doubt, includes the gross proceeds from the non-brokered portion of the Zoomd Private Placement, less the expenses of the Agents incurred in connection with the brokered portion of the Zoomd Private Placement will be delivered to the Subscription Receipt Agent (collectively, the "Escrowed Proceeds") and invested pursuant to the terms of the Subscription Receipt Agreement. The Escrowed Proceeds, together with all interest and other income earned thereon, are referred to herein as the "Escrowed Funds". The Agents' Fee will be released from escrow and delivered to the Agents from the Escrowed Funds, the Non-Brokered Finders' Fee will be released from escrow and delivered to such finders from the Escrowed Funds and the balance of the Escrowed Funds will be released from escrow to the Resulting Issuer upon satisfaction of the following conditions (together, the "Escrow Release Conditions") on or before 5:00 pm (Toronto time) on the date that is 90 days from the closing of the Zoomd Private Placement (the "Escrow Release Deadline"): 1. the completion, satisfaction or waiver of all conditions precedent to the Transaction other than the release of the Escrowed Funds, to the satisfaction of ZoomD and the Agents, acting reasonably; 2. the receipt of all shareholder and regulatory approvals required in connection with: (1) the Transaction, and (2) the conditional approval of the TSXV for the listing of the Resulting Issuer Shares (including the Resulting Issuer Shares underlying the Resulting Issuer Compensation Options) (subject only to standard listing conditions); 3. an officer's certificate from each of ZoomD, FinCo and DataMiners certifying that all conditions of the Transaction have been satisfied or waived, other than release of the Escrowed Funds, and that the Transaction shall be completed forthwith upon release of the Escrowed Funds; 4. the distribution of (1) the Resulting Issuer Shares in exchange for FinCo Shares (issued upon the automatic exchange of Zoomd Subscription Receipts) upon completion of the FinCo Share Exchange pursuant to the FinCo Share Exchange Agreement, and (2) the Resulting Issuer Shares to be issued in exchange for the Zoomd Shares pursuant to the Transaction following the satisfaction of the Escrow Release Conditions being exempt from applicable prospectus and registration requirements of applicable securities laws and not subject to any hold or restricted period under applicable Canadian securities laws; and 5. ZoomD and the Agents shall have delivered a joint release notice to the Subscription Receipt Agent confirming that all Escrow Release Conditions have been met or waived. In the event that the Escrow Release Conditions are not satisfied or waived (to the extent such waiver is permitted) on or prior to the Escrow Release Deadline, or if, prior to such time, Zoomd advises the Agents in writing or announces to the public that it does not intend to satisfy the Escrow Release Conditions, and unless the requisite approval is obtained pursuant to and in accordance with the terms of the Subscription Receipt Agreement, all of the issued and outstanding Zoomd Subscription Receipts will be cancelled and the Subscription Receipt Agent will return to each holder of Zoomd Subscription Receipts, an amount equal to the aggregate Issue Price for the Zoomd Subscription Receipts held by such holder plus apro ratashare of any interest or other income earned on the Zoomd Subscription Proceeds (less applicable withholding tax, if any). To the extent that the Escrowed Funds are insufficient to refund to each holder of Zoomd Subscription Receipts an amount equal to the aggregate Issuer Price for the Zoomd Subscription Receipts held by such holder, Zoomd shall be liable for and will contribute such amounts as are necessary to satisfy any shortfall. The main use of proceeds is global expansion while continuously improving and optimizing the core technology. Directors and Officers of the Resulting Issuer Upon completion of the Transaction the Board of Directors of the Resulting Issuer is expected to consist of Amit Bohensky, Amnon Argaman, Alex Jurovitsky, Darryl Cardey and Josef Mendelbaum. The officers of the Resulting Issuer are expected to include Amit Bohensky (Chairman), Ofer Eitan (Chief Executive Officer) and Tsvika Adler (Chief Financial Officer and Corporation Secretary), biographies for whom are provided below. Amit Bohensky, Chairman and Director Amit, founder of Zoomd, is a successful serial entrepreneur and angel investor who works primarily within the software industry. Amit has been involved in several startups as an investor and in various active executive and board roles. Amit's career and experience includes roles such as partnerships in Moonbow Ventures Ltd., a business development and investment house which accompanies start-ups, and DevelopSoft, a software company that offers a wide variety of IT and development services. Amit was the former CEO of Consist Systems and Consist Technologies. Amit founded Focal Info Ltd., a company developing a solution for web data extraction and analytics that sold its products to Government Agencies, Banks, and eCommerce companies and was acquired by Verint Systems, and was founder and CEO of Unicoders Ltd., a software house for outsourcing in Eastern Europe that worked mainly with the Israeli IT/software market and was acquired by Matrix Global. Following the acquisition, Amit was appointed CEO & CTO in Matrix Global Bulgaria and Macedonia and held various responsibilities Amit holds a BSc in computer science and chemistry from Bar Ilan University and an MBA in Business from Kellogg. Ofer Eitan, Chief Executive Officer Prior to serving as ZoomD's CEO, Ofer was the Co-Founder and CEO of Moblin, a world pioneer in mobile marketing & advertising technologies. Focusing on Moblin's strength, know how & technologies development, Ofer made two major transactions; one with a major advertising agency (WPP brand) to which Moblin service business was transferred and the M&A transaction with Zoomd in which Moblin's technologies and international marketing structures were combined with those of Zoomd. Ofer targets the "mobile first" approach and brings in a wide experience in establishing, scaling and managing startup businesses in the digital eco-system. He is closely involved with software and brands strategies and harnesses his deep knowledge in business development toward making efficient use of his proficiency in various technologies, media, user/customer acquisition, monetization and more. Before deciding to focus on mobile and digital technologies, Ofer held for several years a range of positions at Microsoft where he managed both the Enterprise and the Business Customers Sales Group. Ofer, who had already a strong entrepreneurial background prior to joining Microsoft, holds a BA in Management and Marketing from the Interdisciplinary Center (IDC) in Herzliya, Israel. Tsvika Adler, Chief Financial Officer and Corporate Secretary Tsvika has over 10 years of experience as a CPA in the financial industry. Prior to ZoomD, Tsvika held the position of a CFO in the Adler Chomski & Warshavsky Group, managing the financial operations of the group. Tsvika has significant experience in the IT industry as a financial director and accountant. Tsvika holds a B.A. in Accounting from the Hebrew University in Jerusalem, Israel. Darryl Cardey, Director Darryl S. Cardey has been a principal of CDM Capital Partners Inc. since April 2011, a private British Columbia company involved in the business of venture capital financing and investments. Mr. Cardey has acted and continues to act as a director or in a senior financial role with a wide variety of private and public companies in the mining and technology sectors. Mr. Cardey holds a Chartered Professional Accountant designation from the Institute of Chartered Professional Accountants, British Columbia. Josef Mendelbaum, Director Mr. Josef Mendelbaum is a General Partner at Nili Capital, a cross border Private Equity firm. Previously, Josef was an Executive in Residence at Battery Ventures, a global $7 billion investment firm and was the CEO of Perion where he grew the business from $29 million to over $300 million in revenue with 15% EBITDA margins in 7 years. During his tenure, the company acquired 7 companies and opened up / managed operations in 10 countries (UK, France, Spain, Germany, Italy, Argentina, US, Canada, Israel and India). Additionally, Josef was the CEO of American Greetings Digital and Media Division for 11 years during which he grew revenues from $10 million to close to $200 million with 20% EBITDA margins. During his tenure Josef acquired 10 companies and established global operations in 10+ countries. Josef has a BA from Yeshiva University and an MBA from Weatherhead School of Management at Case Western Reserve University. Amnon Argaman, Director Mr. Amnon Argaman has over 35 years of experience as a CPA and financial consultant and was the co-founder of several companies, including Moblin, a global mobile marketing pioneer, as well as other companies related to real estate, import, management and consulting. Amnon has extensive experience working for the governmental sector and has been a director for several corporations including a public company. He also served as the executive secretary for "Otzar Hityashvuth Hayehudim, Ltd" for 10 years, a public company which was the parent-company of Bank Leumi. Amnon was one of the founding partners and is now a senior partner of Lion, Orlitzky & Co. - Moore Stephens, Israel (CPA) and still provides consulting services for this firm, which is the eighth largest in Israel, as assessed by D&B. Amnon holds a BA in accounting and economics from Tel-Aviv University, and is a Lieutenant Colonel (Res) in the IDF. Alex Jurovitsky, Director Alex is a successful serial entrepreneur with over 35 years of international business experience. Alex started as an R&D engineer at Elscint Ltd. in Israel developing sophisticated scientific equipment for various nuclear physics labs. Alex co-founded Dynamic Imaging LLC, where he served as CEO. Dynamic Imaging was a pioneer in the web-based medical image management software and became one of the leading players in the field successfully competing with such industry giants as General Electric, Siemens, Philips, Fuji, Kodak and others. After continuous growth in sales and profitability Dynamic Imaging was acquired by General Electric. Dynamic Imaging's technology is currently the best technology available in its industry and is still being successfully implemented throughout the world. Upon exiting Dynamic Imaging, Alex, together with his long time business partner Jacob Shochat, became active investors in various successful Israeli startups, including ZoomD. Omri Argaman, CMO Omri is one of Moblin's (Datomo Ltd.) co-founders. As Moblin's VP Business development, his role threw out the years was to build and grow Moblin's business. Omri is a mobile and digital specialist, with extensive experience in the marketing and advertising market, working with the biggest brands and advertisers in the industry. Omri is known as one of Israel's most experienced specialists. Omri teaches and mentors in various academic institutes such as Israel Marketing Association, IDC, Natanya Academic College, The College of Management and more. Before founding Moblin in 2007, Omri worked at Microsoft for seven years in various business development and marketing positions. In Omri's last position in Microsoft, Omri managed the top 500 mid-market customers on Microsoft Israel, achieving yearly product market share and rev targets. Prior to Microsoft, Omri worked at Israel's biggest Microsoft partner and software marketer - Aztek. In Aztek Omri's position was Microsoft product manager - managing all training, sales and marketing of the Aztek Sales team, regarding Microsoft products. Omri holds a BA from Ruppin Academic Institute, Israel. Ethan Ram, VP R&D Ethan has over 20 years professional of experience in the SW industry and over 15 years of experience in managing development groups. Ethan started his career as a Windows Kernel engineer and gained most of his experience leading the development of cutting-edge technologies in the Cyber Security and Gaming industries. Among his recent positions: • R&D Manager in SBTech, a leading provider of Sportsbetting and Gaming solutions. Ethan established the Casino unit where he oversaw the development of an open-source technology based online casino aggregator. • Chief Architect in Playtech, a tier-1 technology provider in the regulated gaming market. Ethan was responsible for leading innovation and design of new products, including the Playtech-one initiative. • Co-founder and VP R&D in a couple of startups in the gaming, online ad-market, and artificial intelligence areas. • At Check-Point Ethan led the Mobile VPN product as a development lead and product manager (cybersecurity field). Ethan holds a BA in Computer Science from the Technion, Israel Technology Institute. Niv Sharoni, CTO Niv has over 18 years of experience in the software industry specialized in Mobile Technologies. Niv started his career as a Web Developer at the Israeli hi-tech company Scepia where he was responsible for overseeing projects with some of Israel's leading companies. After two years Niv started to work at the Israeli cellular company Cellcom as a senior developer and team leader. In 2007, Niv co-founded Moblin (Datomo Ltd.), the company worked mainly with the Israeli/Global markets. Niv is a high school graduate. Yair Yaskerovitch, VP Media Yair started his career in 1998 as a Sales & Account Manager, for Spectra Digital (NYC based), a digital imaging company. Spectra worked mainly with local NYC companies providing them professional imaging and digital printing solutions. In 2003, Yair co-founded Sumo Graphics (NYC based), a digital printing solutions company and was responsible of Business Development and Sales to nationwide enterprises, such as: Ralph Lauren, The limited Brand, Tishman Speyer and many more. In 2006, Yair shifted his professional career into the financial industry and worked as a sales manager with Madison Realty Capital, a leading real estate investment management firm based in Manhattan NY, which closed more than US$5.5 billion of real estate debt and equity transactions against commercial real estate properties across the United States. In 2010, Yair returned to Israel and started his career in the Ad-Tech industry as a Sale's Manager in Moblin. Yair holds a BA degree in General Studies (Focused on Business Administration) from Fairleigh Dickinson University, New Jersey, United States. Etai Koren, VP Monetization Etai Koren is an executive manager with a strong technical hands-on record of building and delivering high performance products to achieve revenue goals and technology innovation. Etai started his career at the age of 13 acting as Yossi Vardi's (a well-known Israeli entrepreneur) internet advisor which eventually recruited Etai to ICQ as information security specialist. Few years later, Etai founded GETRYK (an Acronym of his family tree) an outsourcing development company working with some of Israel's most promising start-ups such as: SmartPay, Dripper, Blazemeter, DopaMusic, FreeTelecom and many others. GETRYK also produced numerous in-house start-up's such as: Encrypto and Cashbex. In 2014 Etai was nominated as the CTO of Shopicks. Etai was responsible for all aspects of the technology vision and leading all aspects of architecture and product development. In 2015 Etai was assigned as Head of Monetization for Playbuzz a well-known Israeli start-up. Etai led a team responsible for creating the company monetization plan and tools from banner ads to video ads for programmatic and sponsored campaigns. During 2016, Etai joined Zoomd as VP Monetization. Etai is a high school graduate. Deborah Cohen, VP Sales Deborah is a dedicated professional with over 10 years of experience in the tech industry. In 2007, Deborah moved to NY and started an internship at Cartier. In 2008, Deborah joined Spire Vision and learned email marketing for a year. Deborah's tech career starts at Undertone New York in 2010 where Deborah joined as an Account Manager for their international market. Deborah managed all the campaigns and optimizations for top brands like Air France, Emirates, KLM and Orange. In 2012, Deborah moved to Israel where she ended up working at Ybrant, a growing video ad network. There, Deborah built the activity with her team and faced a great success. Deborah stayed at Ybrant which became Brightcom for 5 years. In 2017, Deborah joined StartApp, a leading mobile advertising company. Deborah had the opportunity to learn the mobile market selling StartApp's SDK and contacting app developers to do User Acquisition. In 2019, Deborah joined Zoomd as VP Sales. Over her years of experience, Deborah founded TechCareer Israel which is a boutique recruitment company, helping new immigrants to get a job in the Israeli hi-tech industry and Spotted Agency which is a one-stop-shop digital agency for start-ups. Deborah speaks French and English fluently and holds a Master's in International Business and Management from ISC Business School in Paris. Sponsorship and Listing Matters DataMiners has applied for an exemption from the sponsorship requirement under TSXV policies in connection with the Transaction, but in the event a waiver is not available, will seek a sponsorship relationship for this Transaction with a TSXV member firm. Certain of the DataMiners Common Shares to be issued pursuant to the Transaction are expected to be subject to restrictions on resale or escrow under the policies of the TSXV, including the securities to be issued to "Principals" (as defined under TSXV policies), which will subject to the escrow requirements of the TSXV. Trading in the DataMiners Common Shares was halted in accordance with the policies of the TSXV on September 26, 2019 in connection with the announcement of the Transaction and will remain halted until all required documentation in connection with the Transaction has been filed and accepted by the TSXV and permission to resume trading has been obtained from the TSXV. It is anticipated that DataMiners Common Shares will not resume trading until completion of the Transaction. The Transaction will not constitute a Non-Arm's Length Qualifying Transaction (as defined by the TSXV) and the Transaction is not subject to Policy 5.9 of the TSXV. None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and any securities issued pursuant to the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. About DataMiners DataMiners is designated as a Capital Pool Company by the TSXV. DataMiners has not commenced commercial operations and has no assets other than cash. The only business of DataMiners is the identification and evaluation of assets or businesses with a view to completing a "Qualifying Transaction" in accordance with TSXV Policy 2.4 -Capital Pool Companies. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to TSXV requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. All information contained in this news release with respect Zoomd was supplied by Zoomd for inclusion herein, and DataMiners and its directors and officers have relied on Zoomd for any information concerning such party. For more information, please contact: Noah Hershcoviz, Managing PartnerA-Labs VenturesTelephone: (647) 685-5890Email:noah@a-labs.ventures Darryl Cardey, CEO, CFO, and DirectorDataMiners Capital Corp.Telephone: (604) 569-2963Email:dcardey@cdmcp.com This news release contains forward-looking statements relating to the timing and completion of the Transaction, the Zoomd Private Placement, the future operations of the Resulting Issuer and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Transaction and the future plans and objectives of the Resulting Issuer are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from DataMiner's expectations include the failure to satisfy the conditions to completion of the Transaction set forth above and other risks detailed from time to time in the filings made by DataMiners with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of DataMiners. As a result, DataMiners cannot guarantee that the Transaction will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and DataMiners will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/46040
Virscend Education Company Limited (HKG:1565): Poised For Long-Term Success? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! In April 2019, Virscend Education Company Limited (HKG:1565) released its latest earnings announcement, which suggested that the business gained from a robust tailwind, leading to a double-digit earnings growth of 16%. Investors may find it useful to understand how market analysts perceive Virscend Education's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. I will be looking at earnings excluding extraordinary items to exclude one-off activities to get a better understanding of the underlying drivers of earnings. Check out our latest analysis for Virscend Education Market analysts' consensus outlook for this coming year seems optimistic, with earnings growing by a robust 43%. This growth seems to continue into the following year with rates arriving at double digit 97% compared to today’s earnings, and finally hitting CN¥890m by 2022. While it is helpful to be aware of the growth rate each year relative to today’s value, it may be more insightful to analyze the rate at which the business is growing on average every year. The pro of this method is that we can get a better picture of the direction of Virscend Education'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 inserted 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 29%. This means that, we can presume Virscend Education will grow its earnings by 29% every year for the next few years. For Virscend Education, there are three pertinent factors you should further examine: 1. Financial Health: Does it have a healthy balance sheet? Take a look at ourfree balance sheet analysis with six simple checkson key factors like leverage and risk. 2. Valuation: What is 1565 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 1565 is currently mispriced by the market. 3. Other High-Growth Alternatives: Are there other high-growth stocks you could be holding instead of 1565? Exploreour interactive list of stocks with large growth potentialto get an idea of what else is out there you may be missing! We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Most Voters Back Eliminating Private Insurance — if They Can Keep Their Doctor As Democrats debate Medicare for All and their presidential contenders navigate the politically treacherous question of whether to call for the elimination of private insurance, a new poll from Politico and Morning Consult finds that American voters are mostly concerned about maintaining access to their preferred health care providers rather than specific coverage plans. The survey, conducted from June 29 through July 1, after the first Democratic presidential primary debates, finds that support for Medicare for All falls from 53% to 46% when voters are told that the role of private insurers would be diminished. But it jumps back up to 55% when voters are told that such a plan would still let them keep their doctors and hospitals. A relatednew poll, conducted for CNN and released Monday, found that 56% of respondents said the government should provide a national health insurance program for all Americans. But 32% said that such a program should not completely replace private insurance compared to 21% who said it should. Half of Democrats and Democratic-leaning independents said that a government health program shouldn’t replace private coverage. Even so, Vermont Sen. Bernie Sanders, whose Medicare for All proposal calls for eliminating most private insurance, came out on top when those Democrats and Democratic-leaning independents were asked which presidential contender can best handle health care. Sanders (26%) was followed by former Vice President Joe Biden (18%) and Massachusetts Sen. Elizabeth Warren (16%). The CNN poll was conducted by SSRS from June 28 through June 30. It involved 1,613 adults and has a margin of error of 3 percentage points or larger. Like what you're reading? Sign up for ourfree newsletter.
Danielle Fishel Feels ‘Powerless And Useless’ As Newborn Son Remains Hospitalized Danielle Fishel has opened up about the heartbreaking “nightmare” she’s been experiencing since the birth of her first child last week. An Instagram post on Monday by the 38-year-old actress, best known for her role as Topanga on the sitcom “Boy Meets World” and it’s Disney Channel reboot “Girl Meets World,” Fishel said she gave birth to son Adler Lawrence Karp on June 24 ― almost a month earlier than the due date. Fishel wrote that she feels “helpess [sic] and powerless and useless” because her son has been in a hospital’s neonatal intensive care unit since she gave birth. View this post on Instagram A post shared by Danielle Fishel Karp (@daniellefishel) on Jul 1, 2019 at 8:57am PDT Her husband, Jensen Karp, also posted about the birth of their son and echoed many of his wife’s sentiments, writing, “Our ensuing rollercoaster ride of emotion, terror, vulnerability and unadulterated sadness has been one we did not expect.” View this post on Instagram A post shared by Jensen Karp (@jensenkarp) on Jul 1, 2019 at 8:58am PDT FIshel’s post — which includes a photo of Adler’s unused nursey — detailed some of what she’s endured. “… After doing an ultrasound, our amazing OB discovered fluid in [Adler’s] lungs that was not there during our last appointment only 10 days earlier - and thus we entered a nightmare we’ll never forget,” Fishel wrote. “We still don’t have Adler home with us because the deeply good doctors and nurses in the NICU are working diligently to find out why the fluid is there and determine the best way to get it out.” Danielle Fishel and her husband, Jensen Karp, in October 2017. (Photo: Matt Winkelmeyer via Getty Images) Fishel said this has been “the most trying week and a half of mine” and her husband’s lives. But during the difficult time, they’ve found love and support from their friends and families who “have shown up for us in unexpected ways.” Fishel said the experience has also strengthened her bond with Karp. “Jensen and I have also become closer than we ever thought possible,” she wrote. “And the love between us has grown exponentially as we have leaned on each other during both our highest highs and our lowest lows.” Story continues She did offer some sweet details about Adler, saying “he has the cutest sneezes I’ve ever heard.” And she acknowledged that talking publicly about her family’s trials “opens us up to prying eyes,” adding that paparazzi “staked outside our house” several times during her pregnancy. Fishel asked for privacy “as we navigate these next few weeks.” Love HuffPost? Become a founding member of HuffPost Plus today. This article originally appeared on HuffPost .
Three Things You Should Check Before Buying Ramsay Health Care Limited (ASX:RHC) For Its Dividend Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Is Ramsay Health Care Limited (ASX:RHC) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be highly rewarding in the long term. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. While Ramsay Health Care's 2.0% dividend yield is not the highest, we think its lengthy payment history is quite interesting. Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below. Explore this interactive chart for our latest analysis on Ramsay Health Care! Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. In the last year, Ramsay Health Care paid out 74% of its profit as dividends. This is a fairly normal payout ratio among most businesses. It allows a higher dividend to be paid to shareholders, but does limit the capital retained in the business - which could be good or bad. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. Ramsay Health Care paid out 60% of its free cash flow last year, which is acceptable, but is starting to limit the amount of earnings that can be reinvested into the business. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. As Ramsay Health Care has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. Net debt to EBITDA measures total debt load relative to company earnings (lower = less debt), while net interest cover measures the ability to pay interest on the debt (higher = greater ability to pay interest costs). Ramsay Health Care has net debt of 4.24 times its EBITDA, which is getting towards the limit of most investors' comfort zones. Judicious use of debt can enhance shareholder returns, but also adds to the risk if something goes awry. Net interest cover can be calculated by dividing earnings before interest and tax (EBIT) by the company's net interest expense. Ramsay Health Care has EBIT of 6.66 times its interest expense, which we think is adequate. We update our data on Ramsay Health Care every 24 hours, so you can always getour latest analysis of its financial health, here. From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. For the purpose of this article, we only scrutinise the last decade of Ramsay Health Care's dividend payments. During the past ten-year period, the first annual payment was AU$0.33 in 2009, compared to AU$1.47 last year. This works out to be a compound annual growth rate (CAGR) of approximately 16% a year over that time. With rapid dividend growth and no notable cuts to the dividend over a lengthy period of time, we think this company has a lot going for it. Examining whether the dividend is affordable and stable is important. However, it's also important to assess if earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. Ramsay Health Care has grown its earnings per share at 9.7% per annum over the past five years. The rate at which earnings have grown is quite decent, and by paying out more than half of its earnings as dividends, the company is striking a reasonable balance between reinvestment and returns to shareholders. To summarise, shareholders should always check that Ramsay Health Care's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. First, we think Ramsay Health Care is paying out an acceptable percentage of its cashflow and profit. That said, we were glad to see it growing earnings and paying a fairly consistent dividend. Ramsay Health Care has a number of positive attributes, but it falls slightly short of our (admittedly high) standards. Were there evidence of a strong moat or an attractive valuation, it could still be well worth a look. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 12 analysts we track are forecasting for Ramsay Health Carefor freewith publicanalyst estimates for the company. If you are a dividend investor, you might also want to look at ourcurated list of dividend stocks yielding above 3%. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Is Tesla (TSLA) Trying to Grow Too Quickly? Former GE Exec Thinks So Tesla TSLA has had a rough 2019 as it tries to expand production, with its stock price down 32.8%. Former GE GE Vice Chair Beth Comstock sympathized this week with CEO Elon Musk’s financial worries saying, “Getting to scale, getting your logistics organized in these fast-growing companies is really hard.” Most of Tesla’s stock price troubles came from abysmal Q1 earnings and production numbers. The company produced just 63,000 vehicles, with 10,600 still in transit at the end of the quarter. This was a 31% decrease in production and a 5.6x increase in cars in transit from the previous quarter. All of this resulted in a loss of $702 million in Q1. Recent Issues In February, Consumer Reports announced that it would remove its “recommended” rating from the Tesla Model 3. Thereby leaving no Tesla vehicles on its recommended list. Consumer Reports dropped the Model 3 because of a long list of customer-cited quality concerns, which included software glitches, ill-fitting body panels, and defective glass. Last week, Tesla’s VP of Production, Peter Hochholdinger, left the company. This came as a shock and shook investor confidence since Tesla is currently in the midst of rapid production capacity growth. Hochholdinger’s departure is the latest in a series of executive exodus. Tesla VP of interior & exterior engineering Steve MacManus left last week as well. There have now been 11 high-level departures so far in 2019. Meanwhile, some, like Bernstein analyst Toni Sacconaghi, have suggested that Tesla is in a working capital bind. Estimates show that Tesla’s large number of vehicles in transit at the end of Q1 could have put strain on net working capital of $800 million. Musk himself was also famously in trouble with the SEC after he tweeted about possibly taking the company private, which impacted share prices. The SEC and Musk settled out of court, with Musk agreeing to a $20 million fine and to step down as chairman of Tesla’s board. Musk’s Day Dreams? After Q1’s disappointing performance, Musk projected 90,000-100,000 cars delivered in Q2. This would mark a 43-59% increase in production in just one quarter. Tesla did deliver 90,700 vehicles in Q4 2018. If production lines can get back to late last year’s levels, it is feasible to meet this goal. If Tesla does meet its delivery goal, shares are likely to jump significantly. However, the U.S. tax credits provided to customers who buy electric cars are set to expire, which could significantly decrease consumer incentive to buy these cars. The tax credit was cut from $7,500 to $3,750 on January 1 and was cut in half again on July 1st to $1,875. The tax credit will expire completely for 2020. During this year, Tesla is set to launch production at its first Chinese factory to keep up with the largest electric vehicle market on the planet. Tesla also claims to be deciding on a location for its first European factory later this year and will start to sell in India next year. Tesla also has plans to announce an electric consumer pickup later this summer. This car could sell very well and break into the 2+ million vehicle per year pickup truck market. But it could overcomplicate production as the EV marker tries to ramp up its vital Model 3 output. Bottom Line Tesla is an extremely innovative and much talked about company. But it is clearly not without faults. The product quality issues, corporate instability, and subpar production numbers are enough to make many investors nervous. On top of this, Tesla stock has underperformed the market by 49.7% in 2019. The Zacks Consensus Estimate shows Tesla with a projected -1.16 EPS for 2019, which is a significant loss for a 16-year-old company. Tesla currently holds a Zacks Rank #3 (Hold), but this is a recent upgrade from its #4 (Sell) earlier this month. Jim Chanos, founder of the world’s largest short-selling hedge fund and a large bear on Tesla, believes that Tesla will never reach its goals. He has stated that investors tend to treat TSLA like a tech company, when in reality it has to learn the lessons that Detroit automakers learned 100 years ago. The biggest reason to bet against Tesla, Chanos argues, is that the company is not actually a leader in electric and autonomous cars. With other automakers moving into the electric vehicle segment, Tesla will be hard pressed to stay on top. Competitor Volkswagen VWAGY has 8 fully electric cars coming before 2022 in its “I.D” line while Ford F has almost a dozen full-electric and plug-in hybrid vehicles in development and on the market. Tesla will also have to compete with the myriad of electric vehicle startups like Lucid Motors, Rimac, Rivian, and SF Motors, that have sprung up in recent years. This Could Be the Fastest Way to Grow Wealth in 2019Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated+98%,+119%and+164%gains in as little as 1 month.Click here to see these breakthrough stocks now >> Click to get this free reportTesla, Inc. (TSLA) : Free Stock Analysis ReportFord Motor Company (F) : Free Stock Analysis ReportGeneral Electric Company (GE) : Free Stock Analysis ReportVolkswagen AG (VWAGY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
Mario Draghi’s ECB Successor Could Usher in Crypto-Friendly Europe IMF Managing DirectorChristine Lagardehas reportedly been nominated to head up the European Central Bank, and this could be great for cryptocurrency. The banker has previously spoken positively about blockchain and cryptocurrency, saying that it’s time for the world to get seriousabout the technology. Increasingly, people with a positive take on crypto are taking power in various institutions, includingattempting to take overat the federal level of the United States. The more power the pro-crypto lobby has, the better off Bitcoin and cryptocurrency businesses in the U.S. will be. The same is true in Europe. Lagarde has also pushed for central banks to consider the notion ofissuing digital assets. Read the full story on CCN.com.
'And now we are alone': Extended family separated at border WASHINGTON (AP) — A 12-year-old boy entered the U.S. from Mexico with his brother and uncle, fleeing violence in Guatemala, but is now without them in a packed Texas border facility. Honduran sisters, 8 and 6, were taken from their grandmother when they arrived. An 8-year-old Guatemalan boy was separated from his aunt and cousin. One year after President Donald Trump ended his widely criticized practice of separating migrant children from their parents, his administration is again under fire for a different kind of family separation crisis — one involving extended families. Unlike last year, when at least 2,700 children were separated from their parents under a "zero tolerance" program, these minors have been taken from aunts, uncles and grandparents under a policy meant to guard against human trafficking. This policy has been the practice for years — long before Trump became president. But the recent surge in families trying to cross the border suggests children are being separated from relatives much more frequently, and because of systemic delays, they are held without caregivers longer. Some are being kept in the U.S. Border Patrol facility in Clint, Texas , where advocates, attorneys and lawmakers have described overcrowded, fetid conditions and children as young as infants being held for weeks. "We are housed in a room with dozens of other children, some as young as 2," the 12-year-old boy said in a declaration filed last week with a federal court seeking to require inspections of the facilities . "Many do not have their parents with them. I have to take care of many of the other children who are sad and cry. I do my best to help other children who are sad." The 8-year-old Honduran girl said in a declaration that she and her sister were taken from their grandmother "and now we are alone." "I have to take care of my little sister. She is very sad because she misses our mother and grandmother very much." Story continues Minors are supposed to be transferred from Border Patrol custody within 72 hours and are then kept at a government-run shelter until a sponsor is identified and they are released. Often sponsors are parents, aunts, uncles or siblings who have been vetted. But because of overcrowding and delays with Health and Human Services, the agency that manages the care of minors in government custody, children are kept in Border Patrol stations longer. A report released Tuesday by Homeland Security's inspector general found that a third of the children in Border Patrol custody in South Texas' Rio Grande Valley had been held there longer than 72 hours. The report warned that many children had no access to showers, limited access to a change of clothes, and no hot meals in two facilities until the week inspectors arrived. Homeland Security officials have said they are complying with the law when separating children from non-legal guardians and have grave concerns over the possibility of trafficking, but have echoed advocates' worries about the conditions for children in border facilities not meant to detain them. The government has not said how many children have been separated from their extended families at the border, but some data presents a window into the regularity with which it occurs. For example, of the 13,330 minors in the custody of Health and Human Services at the end of May, 1,849 were under 12 years old. Those numbers are generally constant over the past several months. Advocates say these children were likely to have come with an adult, while older teenagers were more likely to have crossed alone. Teams from Homeland Security Investigations, under Immigration and Customs Enforcement, have been sent to the southern border to help determine cases of fraud; more than 50,000 immigrants traveling in family groups have been crossing the border each month. By comparison, last year around the same time, there were about 8,000 crossing. Between mid-April, when investigators were sent, and June 21, they interviewed 2,124 families, identified 316 family cases as fraudulent, meaning people were posing as nuclear family members. But those numbers would include extended family who initially claimed to be parents. Of that, about 530 people, and it could be more than one adult per family unit, were referred for prosecution, ICE officials said. By comparison, from October 2017 to April 2018, Homeland Security officials said there had been about 300 cases of fraud. Even when adults tell officials outright that they are grandparents or siblings, the children are generally separated from them unless they are legal guardians. Under U.S. law, the children are then considered unaccompanied minors and have a legal case separate from any relatives, except their parents. The law was developed in part because U.S. Border Patrol agents aren't trained to determine whether someone is truly a relative and a decent caregiver or an ill-intentioned trafficker posing as one. "I think a lot of people are struggling with, what if the situation is you have a grandmother or uncle who has effectively raised the child? That is a traumatic separation from the child," said Jennifer Podkul, senior director for policy at Kids in Need of Defense. Their experience can be just as traumatizing as a separation from a parent, especially if the child was raised by an aunt or uncle. That trauma can lead to mental health and physical health issues later on. "If that child sees the person as a loving caregiver, separation can be incredibly disruptive and it threatens their health," said Dr. Julie Linton, a pediatrician and a leader of the immigration health special interest group at the American Academy of Pediatrics. Clara Long, senior researcher at Human Rights Watch, said she has seen immigrants sent to wait in Mexico for their asylum hearings tell the court they arrived on the border with a child and they no longer know where the child is. In one case, a 19-year-old girl from Guatemala traveled with her 14-year-old sister. The younger girl was released to their brother in the U.S., but the older girl was returned to Mexico. Long said laws should be changed so that immigrant children are able to stay with their primary caretaker, and that might be someone who isn't a parent. "Sometimes it's like I have been raised by my grandma my entire life, or my aunt, and now she has to flee," Long said. "What they need to do is again change border enforcement so it is a humanitarian response." ___ Taxin reported from Santa Ana, California. Associated Press writer Nomaan Merchant contributed to this report from Houston.
Do Institutions Own Super Retail Group Limited (ASX:SUL) Shares? 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 Super Retail Group Limited (ASX:SUL) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Super Retail Group has a market capitalization of AU$1.7b, so we would expect some institutional investors to have noticed the stock. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's take a closer look to see what the different types of shareholder can tell us about SUL. Check out our latest analysis for Super Retail Group 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. Super Retail Group already has institutions on the share registry. Indeed, they own 50% of the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Super Retail Group's historic earnings and revenue, below, but keep in mind there's always more to the story. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Super Retail Group. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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. Our most recent data indicates that insiders own a reasonable proportion of Super Retail Group Limited. Insiders own AU$516m worth of shares in the AU$1.7b company. That's quite meaningful. It is good to see this level of investment. You cancheck here to see if those insiders have been buying recently. The general public, with a 19% 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. 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 findhistoric revenue and earnings in thisdetailed graph. If you would prefer discover what analysts are predicting in terms of future growth, do not miss thisfreereport on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
How Many Tabcorp Holdings Limited (ASX:TAH) Shares Do Institutions Own? 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 Tabcorp Holdings Limited (ASX:TAH) 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. We also tend to see lower insider ownership in companies that were previously publicly owned. Tabcorp Holdings has a market capitalization of AU$9.0b, so it's too big to fly under the radar. We'd expect to see both institutions and retail investors owning a portion of the company. In the chart below below, we can see that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholder can tell us about TAH. See our latest analysis for Tabcorp Holdings 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. We can see that Tabcorp Holdings does have institutional investors; and they hold 44% of the stock. 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. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Tabcorp Holdings's earnings history, below. Of course, the future is what really matters. Tabcorp Holdings is not owned by hedge funds. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective, and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. 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. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own less than 1% of Tabcorp Holdings Limited. However, it's possible that insiders might have an indirect interest through a more complex structure. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around AU$27m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checkingif those insiders have been buying. The general public -- mostly retail investors -- own 52% of Tabcorp Holdings . This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio. We can see that Private Companies own 3.6%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. It's always worth thinking about the different groups who own shares in a company. But to understand Tabcorp Holdings better, we need to consider many other factors. I like to dive deeperinto how a company has performed in the past. You can findhistoric revenue and earnings in thisdetailed graph. But ultimatelyit is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look atthis free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Uber Eats courts smaller European restaurants with new offer By Georgina Prodhan LONDON, July 3 (Reuters) - Uber Eats is opening up its platform to more restaurants in Europe that prefer to use their own delivery staff, seeking the business of smaller, independent restaurants as it battles Just Eat and Takeaway.com in a crowded market. The takeaway food delivery unit of ride-hailing group Uber has built its business by offering a complete range of services, including riders, first to high-end restaurants that did not offer delivery and then expanding to large chains including Mcdonald's, Subway and KFC. But as the need for scale intensifies to weed out winners and losers in a $107 billion global market where most players are spending heavily on marketing and still loss-making, Uber needs to win more business in Europe, where more food is ordered directly from independent outlets. Uber is investing to build up its food delivery business, tripling incentives to Uber Eats drivers to $291 million last quarter as revenue almost doubled, and contributing to a $1 billion overall loss. "We have a lot of restaurants out there ... that want to do their own delivery," Stephane Ficaja, Uber Eats' general manager for Western and Southern Europe, told Reuters. "We are really targeting the more smaller, independent restaurants." Uber Eats is now rolling out the platform-only service - which simply connects customers to restaurants - to 150 towns and cities in Belgium, France, Italy, Poland, Portugal and Spain. It estimates there are an additional 120,000 restaurants it can target, on top of 40,000 it currently partners with across Europe. It is only trialling the service in Europe so far after launching in Britain, Ireland and the Netherlands at the start of this year. It said take-up had been "good", without elaborating. Uber Eats is a distant challenger in Italy and Spain and a closer competitor to Just Eat and Deliveroo in France and Belgium, according to usage data from computer and mobile traffic measurement firm SimilarWeb. It is the main global player active in Portugal and a remote challenger in Poland to Takeaway.com's local brand, Pyszne.pl. Platform-only businesses are more profitable, because the delivery provider avoids the costs of logistics infrastructure and riders. But the market is limited in size. The three-year-old service delivered $8 billion of meals last year, up from $3 billion in 2017, and claims to be the world's largest takeout service outside China. Illustrating the intensity of competition in the food-delivery business, Amazon said last month it would end its U.S. restaurant food delivery service, where its rivals included GrubHub, DoorDash and Uber Eats. Germany's Delivery Hero relinquished its home market to Dutch rival Takeaway.com at the end of last year. (Reporting by Georgina Prodhan. Editing by Jane Merriman)
Facebook warned against ‘move fast and break things’ approach to Libra Facebook's founder and CEO Mark Zuckerberg speaks to participants during the Viva Technologie show in Paris, France. Photo: Chesnot/Getty Images One of Britain’s top regulators has warned Facebook ( FB ) against adopting “a move fast and break things” approach to its new cryptocurrency project Libra. “Historically, this may have been a sector that has lived by the mantra of ‘move fast and break things,’ but the issues raised here require deep thought and detail,” Chris Woolard, the Financial Conduct Authority (FCA)’s executive director of strategy and competition, said in a speech on Tuesday. Woolard was referencing Facebook’s famous early motto, which typified the spirit of disruption in Silicon Valley during the first half of the decade. Regulators around the world have publicly expressed concern this attitude could cause problems when applied to financial services. Separately on Wednesday, US Congress members wrote to Facebook demanding an immediate halt to development of Libra until Congress and regulators could get a handle on the project. “When it comes to other people’s money, or safeguarding against terrorist financing, corner cutting is simply not an option,” Woolard said in a speech at the Cambridge Judge Business School. “For those who think the model is to try it in beta for a few million people and see what happens, there may be activities here that are illegal without authorisation in many countries, not just the UK.” READ MORE: Why politicians and regulators are already going after Facebook's Libra Woolard’s warning comes in the wake of Facebook announcing Libra, a new cryptocurrency project, two weeks ago. Libra is due to launch next year and will be backed by a basket of stable assets to reduce price volatility. Facebook and its partners — who include Visa ( V ), MasterCard ( MA ), PayPal ( PYPL ), and eBay ( EBAY ) — hope the cryptocurrency will help the 1.7 billion people around the world without bank accounts to access financial services. “Libra could be very significant indeed,” Woolard said. “It will pose questions for us as a regulator. It will pose questions for our colleagues at the Bank of England. It will pose questions for us working with our international partners. Moreover, its size and scale will pose questions for society and government more generally about what is acceptable and desirable in this space.” Story continues Woolard said the FCA has held discussions with Facebook about the project , as have other regulators and central banks around the world. READ MORE: Facebook's 'significant' Libra under scrutiny from new UK task force Libra has so far received a mostly frosty reception from decision makers globally. The G7 nations launched a joint inquiry into the risks of new cryptocurrencies like Libra and France’s finance minister, Bruno Le Maire, said Libra “can not and must not” become a “sovereign currency.” In the US, Rep. Maxine Waters, who is chair of the House of Representatives’ financial services committee, called for an immediate pause to Facebook’s development efforts “until Congress and regulators have the opportunity to examine these issues.” Over the weekend, Agustin Carstens, the head of the Bank for International Settlements, told the Financial Times there was “very immediate and very obvious concern” about Libra being used for money laundering. “We need to ensure that innovation works in the interests of consumers,” Woolard said on Tuesday. “To do that, we need to thoroughly understand the business models firms are suggesting and how they benefit consumers. “We need to consider whether consumers understand and actively consent to the trade-offs inherent in those business models. And we need to consider the wider impact on market integrity and stability.” ———— Oscar Williams-Grut covers banking, fintech, and finance for Yahoo Finance UK. Follow him on Twitter at @OscarWGrut . Read more: US threatens new EU tariffs on Scotch, pasta, and Italian cheese Bitcoin falls below $10,000 as Facebook rally fades Investors still stranded as Woodford's £3.7bn fund stays frozen LGBT+ pay gap revealed despite corporate embrace of Pride UK government tells banks to go green in anti-carbon push
Should Golden Throat Holdings Group Company Limited (HKG:6896) Be Part Of Your Income Portfolio? Want to participate in ashort research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll take a closer look at Golden Throat Holdings Group Company Limited (HKG:6896) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. Golden Throat Holdings Group yields a solid 6.2%, although it has only been paying for three years. It's certainly an attractive yield, but readers are likely curious about its staying power. That said, the recent jump in the share price will make Golden Throat Holdings Group's dividend yield look smaller, even though the company prospects could be improving. When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable. Explore this interactive chart for our latest analysis on Golden Throat Holdings Group! Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. Golden Throat Holdings Group paid out 76% of its profit as dividends, over the trailing twelve month period. Paying out a majority of its earnings limits the amount that can be reinvested in the business. This may indicate a commitment to paying a dividend, or a dearth of investment opportunities. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. Golden Throat Holdings Group paid out 111% of its free cash flow last year, suggesting the dividend is poorly covered by cash flow. While Golden Throat Holdings Group's dividends were covered by the company's reported profits, free cash flow is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. Cash is king, as they say, and were Golden Throat Holdings Group to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign. While the above analysis focuses on dividends relative to a company's earnings, we do note Golden Throat Holdings Group's strong net cash position, which will let it pay larger dividends for a time, should it choose. We update our data on Golden Throat Holdings Group every 24 hours, so you can always getour latest analysis of its financial health, here. One of the major risks of relying on dividend income, is the potential for a company to struggle financially and cut its dividend. Not only is your income cut, but the value of your investment declines as well - nasty. During the past three-year period, the first annual payment was CN¥0.05 in 2016, compared to CN¥0.11 last year. Dividends per share have grown at approximately 28% per year over this time. The dividend has been growing pretty quickly, which could be enough to get us interested even though the dividend history is relatively short. Further research may be warranted. Examining whether the dividend is affordable and stable is important. However, it's also important to assess if earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. Over the past five years, it looks as though Golden Throat Holdings Group's EPS have declined at around 17% a year. Declining earnings per share over a number of years is not a great sign for the dividend investor. Without some improvement, this does not bode well for the long term value of a company's dividend. Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. Golden Throat Holdings Group gets a pass on its dividend payout ratio, but it paid out virtually all of its cash flow as dividends. This may just be a one-off, but we'd keep an eye on this. Second, earnings per share have been in decline, and the dividend history is shorter than we'd like. In this analysis, Golden Throat Holdings Group doesn't shape up too well as a dividend stock. We'd find it hard to look past the flaws, and would not be inclined to think of it as a reliable dividend-payer. Are management backing themselves to deliver performance? Check their shareholdings in Golden Throat Holdings Group inour latest insider ownership analysis. Looking for more high-yielding dividend ideas? Try ourcurated list of dividend stocks with a yield above 3%. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
Broadcom said to be in advanced talks to buy Symantec - Bloomberg reporter July 2 (Reuters) - Chipmaker Broadcom Inc is said to be in advanced talks to buy cybersecurity firm Symantec Corp , a Bloomberg reporter said in a tweet https://bit.ly/2FL1tG8 on Tuesday. A Symantec spokesperson said the company does not comment on speculation. Broadcom was not immediately available for comment. (Reporting by Bharath Manjesh in Bengaluru Editing by Bill Rigby)

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