Advertisements



Data Deep Dive: Memphis colleges among most competitive in the state

Competition to get into American colleges is increasingly fierce. According to a recent Business Journals analysis of data reported to the U.S. Department of Education, the average admission rate nationally was 60.6%. The survey looked at 1,230 colleges with at least 1,000 applications. The competition is a little less stiff at Tennessee colleges, where the average admission rate is 62.5%. Memphis schools occupied two of the top three spots for the most competitive colleges in the state. Christian….....»»

Category: topSource: bizjournals59 min. ago Related News

The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award

New Jersey-based land-use consultancy Dresdner Robin announced that its project, the Canopy Hotel, has won a ULI Northern New Jersey Excellence Award for best hospitality project. Award winners are recognized for transformational land-use developments, best practices and creative visioning. The firm provided surveying, civil engineering and landscape architectural design services for the complex, which opened in late... The post The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award appeared first on Real Estate Weekly. New Jersey-based land-use consultancy Dresdner Robin announced that its project, the Canopy Hotel, has won a ULI Northern New Jersey Excellence Award for best hospitality project. Award winners are recognized for transformational land-use developments, best practices and creative visioning. The firm provided surveying, civil engineering and landscape architectural design services for the complex, which opened in late 2021 in the Powerhouse Arts District of the gold coast of Jersey City.  The development, located in a FEMA flood zone, required flood mitigation measures and stormwater management systems that were evaluated and developed by Dresdner Robin. The firm also provided flood certifications, construction survey layout control, and streetscape and site lighting design. “This project transformed a previously vacant and unsightly lot,” said Dresdner Robin’s Mark Vizzini, the Associate Director of Land Development. “It was engineered and designed to keep true to the neighborhood’s industrial and arts-based past. And, with the precision and detail that went into the structure, it has become an anchor for the Powerhouse Arts District, so we’re thrilled to see the recognition it deserves.” The Canopy Hotel, located at 159 Morgan Street, is situated along the former industrial and manufacturing corridor of the Powerhouse Arts District. Within the last 6 years, the area has been redeveloped to include high-rise luxury residential, office space, and arts-centered construction projects, several of which Dresdner Robin has contributed to. The ULI Northern New Jersey Awards for Excellence, widely known as the most prestigious by the real estate and land use industry, began in 1979 to recognize superior development efforts in the private, public, and nonprofit sectors. Winning projects represent the highest standards of achievement in the development industry. Finalists and winners are selected by the ULI jury, which represents a range of panelists from various geographic locations and many areas of real estate and land use expertise, including finance, planning, development, public affairs, design, and professional services, among others. Project partners of the Canopy Hotel include Panepinto Properties, The Kabr Group, Three Wall Capital and Greentree Construction. Along with a bar and bistro located at the ground level, the hotel includes 1,400 square feet of meeting space, a 24-hour fitness studio and guest areas for live events. An outdoor terrace with seating and a green wall for seasonal plantings is also available, which was designed by Dresdner Robin’s team of landscape architects. The post The Canopy Hotel, Engineered by Dresdner Robin, Wins Prestigious ULI Northern New Jersey Excellence Award appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweekly1 hr. 11 min. ago Related News

U.S. Leisure Travel Is Back at Pre-Pandemic Levels for the First Time

People are heading off on vacation, despite a surge in cases and higher airfares globally US consumers are spending less on products and more on experiences — a trend that could ease supply snags and inflationary pressures, and help the travel industry this summer. For the first time since COVID halted movement around the world, leisure travel has returned to 2019 levels, according to a report released by the Mastercard Economics Institute. People are feeling more comfortable heading off to far flung adventures, despite a surge in cases and average airfares jumping 18% globally since the start of the year. “If flight bookings continue at their current pace, an estimated 1.5 billion more passengers globally will fly in 2022 compared to last year,” the report said, “with Europe seeing the biggest increase — about 550 million.” [time-brightcove not-tgx=”true”] Read More: What to Do If You Test Positive for COVID-19 While Traveling Short and medium-haul flights are up 25% and 27% in April over the same period in 2019. Long-haul trips, which started the year 75% below pre-pandemic levels, rebounded to just 7% below 2019 by the end of April. Passenger rail is similarly close, with buses back to where they were. Spending on cruises started the year 75% off the 2019 peak and are now just 10% shy of a full recovery. Pent-up demand for experiences appears to be driving the wanderlust with tourist spending on nightclubs and bars up 72% above 2019 levels, restaurants up 31%, and other recreational activities like museum, concerts and amusement parks up 35%, according to the report. By comparison, tourist spending is down for retail goods like clothes and cosmetics. The report found the most popular international destination in March for travelers leaving North America was Mexico, and departing Europe, Middle East and Africa, was the UK. The US tops the list for those traveling from Latin America, the Caribbean, and the Asia-Pacific regions......»»

Category: topSource: time2 hr. 12 min. ago Related News

"76" Gas-Station Chain Repograms Washington State Pumps For $10 A Gallon 

'76' Gas-Station Chain Repograms Washington State Pumps For $10 A Gallon  Gas station pumps in Washington state are being reprogrammed to accommodate $10 a gallon and even higher as the summer driving season begins amid tight fuel supplies, according to a report.  The Post Millennial has learned gas station chain "76" has reprogrammed its pumps to include double-digit numbers in "price per gallon" at Washington state gas stations. A 76 spokesperson confirmed to The Post Millennial they added an extra digit to pumps, noting the change doesn't necessarily imply the company was anticipating prices above $10 a gallon.  The 76 gas station in Auburn, Washington, located at 1725 Auburn Way North, is one of the stations that has had reprogrammed pumps. It also sells high-octane race fuel, which tends to be more expensive, though the special fuel is sold at separate pumps than regular, plus, premium, and diesel.  A photo was taken on May 16 that shows double-digit pricing at regular pumps.  The Post Millennial also reports Washingtonians in the eastern part of the state, specifically in Kennewick, Pasco, and West Richland, are experiencing fuel shortages.  According to AAA, the average price of gas at a pump in Washington State is $5.18 -- above the national average of $4.59 as of Thursday morning. Some of the most expensive gas in the US can be found just south of the state in California, where prices outside of San Francisco range between $6-7 a gallon for regular.  76's move for double-digit prices comes as JPMorgan's commodity strategist Natasha Kaneva warns the national average for gas can rise another 37% by August to around $6.20. Since much of the West Coast is priced above the national average, this may suggest double-digit prices could be seen in some areas.  Tyler Durden Thu, 05/19/2022 - 21:00.....»»

Category: dealsSource: nyt2 hr. 27 min. ago Related News

Institutional Property Advisors Closes New Jersey Grocery-Anchored Shopping Center Sale

May 17, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 227,333-square-foot-Eagle Plaza, a grocery-anchored shopping center in in Voorhees Township, New Jersey. “Anchored by Albertsons’ subsidiary Acme Markets for over 40 years, Eagle Plaza is the area’s dominant grocery-anchored shopping center,” said Brad Nathanson, IPA senior managing... The post Institutional Property Advisors Closes New Jersey Grocery-Anchored Shopping Center Sale appeared first on Real Estate Weekly. May 17, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 227,333-square-foot-Eagle Plaza, a grocery-anchored shopping center in in Voorhees Township, New Jersey. “Anchored by Albertsons’ subsidiary Acme Markets for over 40 years, Eagle Plaza is the area’s dominant grocery-anchored shopping center,” said Brad Nathanson, IPA senior managing director investments. “Previous ownership invested significant capital to improve the center’s curb appeal by delivering new modern village-looking facades that drove significant interest in the property. The availability nationally of grocery-anchored shopping centers with a major value add opportunity within infill high income submarkets of a major city center are rare, contributing to the tremendous demand that was seen on Eagle Plaza.” Nathanson represented the seller, Hutensky Capital Partners, and procured the buyer, First National Realty Partners. Constructed in 1977 and renovated over the past five years, Eagle Plaza is anchored by Acme Markets and Ross and is located at Voorhees Township’s main intersection, which is shared by a recently renovated Target, Chick-fil-A, Royal Farms, AMC Theatre, and Edge Fitness. Located 20 miles east of Philadelphia, Voorhees Township is an affluent Southern New Jersey community adjacent to Cherry Hill and Marlton. There are over 80,000 people within three miles of Eagle Plaza and the average annual household income is more than $120,000. The post Institutional Property Advisors Closes New Jersey Grocery-Anchored Shopping Center Sale appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweekly3 hr. 40 min. ago Related News

DH Property Holdings Acquires Malden Industrial Site in Joint Venture with Pugh Management

DH Property Holdings, LLC, a leading developer and owner of urban infill industrial logistics facilities, announced its acquisition of a development site in Malden, Massachusetts. The fully entitled, five-acre industrial zoned property will soon be developed into a 94,095-square-foot, Class-A industrial facility in a joint venture with local developer Pugh... The post DH Property Holdings Acquires Malden Industrial Site in Joint Venture with Pugh Management appeared first on Real Estate Weekly. DH Property Holdings, LLC, a leading developer and owner of urban infill industrial logistics facilities, announced its acquisition of a development site in Malden, Massachusetts. The fully entitled, five-acre industrial zoned property will soon be developed into a 94,095-square-foot, Class-A industrial facility in a joint venture with local developer Pugh Management. Demolition and construction are set to commence in May on the fully entitled development site. The Newmark team of Brian Pinch, Tony Coskren, Ed Jarosz, Rick Schuhwerk, Matt Pullen, SamanthaHallowell, Jim Tribble was involved in the sale of the transaction. Located at 735 Broadway, the site is DHPH’s third industrial acquisition in Boston with a total capitalization of $107 million across 362,000 square feet of space. The property is the first asset acquisition from the firm’s newly launched DHPH IDF I LP. Once developed, the facility will support 23 dock doors and a drive-in. It will also have 32-foot clear ceiling heights and parking space for 107 vehicles. The site is located seven miles from Downtown Boston as well as Boston Logan Airport and has direct access to US-1 and US-99. “The demand for logistics space in the Boston region has continued to accelerate amid limited supply andrising rental rates,” said DHPH Founding Principal Dov Hertz. “This is an ideal location, and our team ofdesign and development professionals will deliver a state-of-the-art facility to support tenants seeking toaccommodate their customers’ distribution needs.” In addition to its existing properties, DHPH currently has over 5 million square feet, or over $2.5 billion,of Class-A urban warehouses complete or under development throughout the Northeast, including in New York City, Boston and Philadelphia. The post DH Property Holdings Acquires Malden Industrial Site in Joint Venture with Pugh Management appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweekly3 hr. 40 min. ago Related News

Can Nvidia Bounce Back

Shares of Nvidia Corp (NASDAQ:NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and the Standard & Poor’s 500 […] Shares of Nvidia Corp (NASDAQ:NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and the Standard & Poor’s 500 each fell 4.04% and 3.57%, respectively. The Dow finished the day at 3,923.68 while the S&P finished at 31,490.07. Trading volume on the day held at 54.1M, which is still 2.4 million below the 56.5 million 50-day average volume. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more NVIDIA Underperforms Even Against Competitors The decline of NVDA stock was among the worst performer in the NASDAQ index. Competitors like Microsoft (MSFT), Intel Corp (INTC), and Texas Instruments (TXN) were all down at the end of the day. Texas Instruments had the smallest drop, of nearly 2.7% to $170.30 while Microsoft saw a 4.55% drop to $254.08. Finally, Intel Corp fell more than 4.6% to $42.35. For Nvidia Corp, though, the day was not a satisfying one. As such, on Wednesday NVDA closed $177.09 below its 52-week high of $346.47 (reached on November 22, 2021). Accordingly, Nvidia shares have slipped as much as 50% from its record high share price of $346, from last year. Currently, the Nvidia share price has a value of $177. Why Nvidia is Struggling Nvidia is probably most commonly known as a manufacturer of graphics processing units (GPUs) that make PC video gaming possible. Unfortunately, a decline in prices for these products could present a near-term risk to one of Nvidia's biggest revenue sources. As a matter of fact, gaming remains the largest segment for the company. Last year, alone, Nvidia's gaming revenue grew by 61% year-over-year, to $12.4 billion. But while the overall growth in this segment is excellent, declining sale prices could put a damper on things. During the pandemic, a microchip shortage shot selling prices for items like upgraded GPUs through the roof. Indeed, prices for both Nvidia's GeForce RTX 30 series and also the Radeon RX 6000 series from Advanced Micro Devices had been on an upward trend throughout all of last year. Since the start of 2022, however, GPU prices started to drop. In addition to this, two major global events have created major obstacles for various industries and including chip makers like Nvidia. For example, China's largest chipmaker, Semiconductor Manufacturing International Co (SMIC) has warned of a massive drop in both smartphones and personal computers. Primarily, SMIC CEO Zhao Haijun notes that COVID lockdowns across China and also the Russian invasion of Ukraine have destroyed demand for approximately 200 million smartphone units. While SMIC and Nvidia are two separate companies (operating in two different countries), SMIC's struggles could easily spell out an equally difficult fate for Nvidia. Indeed, there is a chance that SMIC could be just a microcosm in China for what could become a much larger complication in the global market. This Cloud Has a Silver Lining Finally, some analysts have noted that Nvidia stock is trading at a somewhat attractive price-to-earnings ratio of 31.5. More importantly, perhaps, some analysts also expect Nvidia to grow its earnings at a 30% compound annual rate across the next half a decade. On top of this, the market anticipates that Nvidia will deliver a YOY increase in earnings on notably higher revenues when it releases its Q1 2022 earnings report. With the first quarter ending in April, Nvidia is expected to release its new earnings report on May 25, 2022. If the key numbers in the report are better than analysts expected, the stock could see a bump in value. Of course, that also means the stock could slip even further if the numbers fail to meet expectations. That said, analysts do expect the gaming and artificial intelligence graphics chip maker will post quarterly earnings upwards of $1.30 per share in that coming report. This incline represents a positive YOY change of 41.3%. Similarly, revenue is expected to reach $8.12 billion, which would be a YOY increase of 43.4% on the quarter. All this in mind, analysts are a bit cautious about Nvidia stock for the time being. For those who may be interested in acquiring a few shares, it may be best to wait til the end of the month, after the release of their earnings report, to be certain it will move favorably towards the end of the year. NVIDIA is a part of the Entrepreneur Index, which tracks some of the largest publicly traded companies founded and run by entrepreneurs. Should you invest $1,000 in NVIDIA right now? Before you consider NVIDIA, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list. While NVIDIA currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Keala Miles, MarketBeat Updated on May 19, 2022, 5:18 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk5 hr. 41 min. ago Related News

Palo Alto Networks Reports Fiscal Third Quarter 2022 Financial Results

Fiscal third quarter revenue grew 29% year over year to $1.4 billion Fiscal third quarter billings grew 40% year over year to $1.8 billion Remaining performance obligation grew 40% year over year to $6.9 billion SANTA CLARA, Calif., May 19, 2022 /PRNewswire/ -- Palo Alto Networks (NASDAQ:PANW), the global cybersecurity leader, announced today financial results for its fiscal third quarter 2022, ended April 30, 2022. Total revenue for the fiscal third quarter 2022 grew 29% year over year to $1.4 billion, compared with total revenue of $1.1 billion for the fiscal third quarter 2021. GAAP net loss for the fiscal third quarter 2022 was $73.2 million, or $0.74 per diluted share, compared with GAAP net loss of $145.1 million, or $1.50 per diluted share, for the fiscal third quarter 2021. Non-GAAP net income for the fiscal third quarter 2022 was $193.1 million, or $1.79 per diluted share, compared with non-GAAP net income of $139.5 million, or $1.38 per diluted share, for the fiscal third quarter 2021. A reconciliation between GAAP and non-GAAP information is contained in the tables below. "We saw strong top-line growth in Q3, which is a testament to our teams' consistent execution in capitalizing on the strong cybersecurity demand trends," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "On the back of this strength across our portfolio, we are again raising our guidance for the year across revenue, billings and earnings per share." "Our drive to deliver strong total shareholder return in Q3 was headlined by our revenue growth, while we also balanced operating margin expansion and free cash flow conversion," said Dipak Golechha, chief financial officer of Palo Alto Networks. "We look forward to continuing this balance as we close out the year and look to FY23." Financial Outlook Palo Alto Networks provides guidance based on current market conditions and expectations. For the fiscal fourth quarter 2022, we expect: Total billings in the range of $2.32 billion to $2.35 billion, representing year over year growth of between 24% and 26%. Total revenue in the range of $1.53 billion to $1.55 billion, representing year over year growth of between 25% and 27%. Diluted non-GAAP net income per share in the range of $2.26 to $2.29, using 106 million to 108 million shares outstanding. For the fiscal year 2022, we are broadly raising guidance and expect: Total billings in the range of $7.106 billion to $7.136 billion, representing year over year growth of between 30% and 31%. Total revenue in the range of $5.481 billion to $5.501 billion, representing year over year growth of approximately 29%. Diluted non-GAAP net income per share in the range of $7.43 to $7.46, using 106 million to 107 million shares. Adjusted free cash flow margin in the range of 32% to 33%. Guidance for non-GAAP financial measures excludes share-based compensation-related charges (including share-based payroll tax expense), acquisition-related costs, amortization expense of acquired intangible assets, litigation-related charges, including legal settlements,  non-cash charges related to convertible notes, and related foreign currency gains (losses) and income and other tax effects associated with these items, along with certain non-recurring expenses and certain non-recurring cash flows. We have not reconciled diluted non-GAAP net income per share guidance to GAAP net income (loss) per diluted share or adjusted free cash flow margin guidance to GAAP net cash from operating activities because we do not provide guidance on GAAP net income (loss) or net cash from operating activities and would not be able to present the various reconciling cash and non-cash items between GAAP and non-GAAP financial measures because certain items that impact these measures are uncertain or out of our control, or cannot be reasonably predicted, including share-based compensation expense, without unreasonable effort. The actual amounts of such reconciling items will have a significant impact on the company's GAAP net income (loss) per diluted share and GAAP net cash from operating activities. Earnings Call Information Palo Alto Networks will host a video webcast for analysts and investors to discuss the company's fiscal third quarter 2022 results as well as the outlook for its fiscal fourth quarter 2022 today at 4:30 p.m. Eastern time/1:30 p.m. Pacific time. Open to the public, investors may access the webcast, supplemental financial information and earnings slides from the "Investors" section of the company's website at investors.paloaltonetworks.com. A replay will be available three hours after the conclusion of the webcast and archived for one year. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our ability to balance future revenue growth with operating margin expansion and free cash flow, and our financial outlook for the fiscal fourth quarter 2022 and fiscal year 2022. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: developments and changes in general market, political, economic, and business conditions; the duration and global impact of COVID-19; risks associated with managing our growth; risks associated with new products and subscription and support offerings, including the discovery of software bugs; shifts in priorities or delays in the development or release of new subscription offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products and subscription and support offerings; rapidly evolving technological developments in the market for security products and subscription and support offerings; our customers' purchasing decisions and the length of sales cycles; our competition; our ability to attract and retain new customers; our ability as an organization to acquire and integrate other companies, products, or technologies in a successful manner; the effects of supply chain constraints and the global chip and component shortages and other factors affecting the manufacture, delivery, and cost of certain of our products; our ability to obtain adequate supply of our products from our third-party manufacturing partners; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Quarterly Report on Form 10-Q filed with the SEC on February 22, 2022, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. Non-GAAP Financial Measures and Other Key Metrics Palo Alto Networks has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). The company uses these non-GAAP financial measures and other key metrics internally in analyzing its financial results and believes that the use of these non-GAAP financial measures and key metrics are useful to investors as an additional tool to evaluate ongoing operating results and trends, and in comparing the company's financial results with other companies in its industry, many of which present similar non-GAAP financial measures or key metrics. The presentation of these non-GAAP financial measures and key metrics are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. A reconciliation of the company's historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Non-GAAP net income and net income per share, diluted. Palo Alto Networks defines non-GAAP net income as net income (loss) plus share-based compensation-related charges, including share-based payroll tax expense, acquisition-related costs, amortization expense of acquired intangible assets, litigation-related charges, including legal settlements, gains (losses) related to facility exit, and non-cash charges related to convertible notes. The company also excludes from non-GAAP net income the foreign currency gains (losses) and tax effects associated with these items in order to provide a complete picture of the company's recurring core business operating results. The company defines non-GAAP net income per share, diluted, as non-GAAP net income divided by the weighted-average diluted shares outstanding, which includes the potentially dilutive effect of the company's employee equity incentive plan awards and the company's convertible senior notes outstanding and related warrants, after giving effect to the anti-dilutive impact of the company's note hedge agreements, which reduces the potential economic dilution that otherwise would occur upon conversion of the company's convertible senior notes. Under GAAP, the anti-dilutive impact of the note hedge is not reflected in diluted shares outstanding. The company believes that excluding these items from non-GAAP net income and net income per share, diluted, provides management and investors with greater visibility into the underlying performance of the company's core business operating results, meaning its operating performance excluding these items and, from time to time, other discrete charges that are infrequent in nature, over multiple periods. Billings. Palo Alto Networks defines billings as total revenue plus the change in total deferred revenue, net of acquired deferred revenue, during the period. The company considers billings to be a key metric used by management to manage the company's business and believes billings provides investors with an important indicator of the health and visibility of the company's business because it includes subscription and support revenue, which is recognized ratably over the contractual service period, and product revenue, which is recognized at the time of shipment, provided that all other conditions for revenue recognition have been met. The company considers billings to be a useful metric for management and investors, particularly if sales of subscriptions continue to increase and the company experiences strong renewal rates for subscriptions and support. Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. In particular, the billings metric reported by the company includes amounts that have not yet been recognized as revenue. Additionally, many of the adjustments to the company's GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in the company's financial results for the foreseeable future, such as share-based compensation, which is an important part of Palo Alto Networks employees' compensation and impacts their performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that Palo Alto Networks excludes in its calculation of non-GAAP financial measures may differ from the components that its peer companies exclude when they report their non-GAAP results of operations. Palo Alto Networks compensates for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures. In the future, the company may also exclude non-recurring expenses and other expenses that do not reflect the company's core business operating results. About Palo Alto Networks Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com. Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.   Palo Alto Networks, Inc. Preliminary Condensed Consolidated Statements of Operations (In millions, except per share data) (Unaudited) Three Months Ended Nine Months Ended April 30, April 30, 2022 2021 2022 2021.....»»

Category: earningsSource: benzinga6 hr. 14 min. ago Related News

DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2022 FINANCIAL RESULTS

FY 2022 REVENUE OF $3.150 BILLION, UP 24% VS. FY 2021; UP 48% VS. FY 2020 FY 2022 EARNINGS PER SHARE OF $16.26, UP 21% VS. FY 2021; UP 69% VS. FY 2020 GUIDES FY 2023 REVENUE GROWTH OF 10-11%; EPS RANGE OF $17.40-$18.25 GOLETA, Calif., May 19, 2022 /PRNewswire/ -- Deckers Brands (NYSE:DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the fourth quarter and full fiscal year ended March 31, 2022. The Company also provided its financial outlook for the full fiscal year ending March 31, 2023. "Fiscal year 2022 was another record year for Deckers, as we delivered both revenue and earnings per share growth above twenty percent," said Dave Powers, President and Chief Executive Officer. "Over the last two years, our portfolio of brands has added more than one billion dollars of revenue, while making progress towards key long-term strategies, and maintaining top-tier levels of profitability, despite navigating unprecedented disruption across the global supply chain. I am incredibly proud of our performance over the last couple of years, but with the power of our brands and our people, I am even more excited about the opportunities ahead." Fourth Quarter Fiscal 2022 Financial Review (Compared to the Same Period Last Year)  Net sales increased 31.2% to $736.0 million compared to $561.2 million. On a constant currency basis, net sales increased 31.7%. Channel Wholesale net sales increased 37.6% to $448.8 million compared to $326.1 million. Direct-to-Consumer (DTC) net sales increased 22.2% to $287.2 million compared to $235.1 million. Comparable DTC net sales increased 19.3%. Geography Domestic net sales increased 37.4% to $521.0 million compared to $379.2 million. International net sales increased 18.2% to $215.1 million compared to $181.9 million. Gross margin was 48.7% compared to 53.2%.  Selling, general, and administrative (SG&A) expenses were $277.4 million compared to $244.0 million. Operating income was $81.3 million compared to $54.6 million. Diluted earnings per share was $2.51 compared to $1.18. Fourth Quarter Fiscal 2022 Brand Summary (Compared to the Same Period Last Year) UGG® brand net sales increased 24.7% to $374.6 million compared to $300.5 million. HOKA® brand net sales increased 59.7% to $283.5 million compared to $177.5 million. Teva® brand net sales decreased 8.8% to $54.8 million compared to $60.2 million. Sanuk® brand net sales decreased 1.7% to $11.9 million compared to $12.1 million. Other brands, primarily composed of Koolaburra®, net sales increased 2.4% to $11.2 million compared to $10.9 million. Full Fiscal Year 2022 Financial Review (Compared to the Same Period Last Year)  Net sales increased 23.8% to $3.150 billion compared to $2.546 billion. On a constant currency basis, net sales increased 23.2%. Channel Wholesale net sales increased 31.0% to $1.937 billion compared to $1.479 billion. DTC net sales increased 13.8% to $1.214 billion compared to $1.067 billion. Due to the meaningful disruption of our retail store base for closures during the prior fiscal year, we are not reporting a comparable DTC sales metric for the fiscal year ended March 31, 2022. Geography Domestic net sales increased 23.1% to $2.168 billion compared to $1.761 billion. International net sales increased 25.3% to $982.5 million compared to $784.2 million. Gross margin was 51.0% compared to 54.0%.  SG&A expenses were $1.043 billion compared to $869.9 million. Operating income was $564.7 million compared to $504.2 million. Diluted earnings per share was $16.26 compared to $13.47. Full Fiscal Year 2022 Brand Summary (Compared to the Same Period Last Year)  UGG® brand net sales increased 15.4% to $1.982 billion compared to $1.717 billion. HOKA® brand net sales increased 56.1% to $891.6 million compared to $571.2 million. Teva® brand net sales increased 17.3% to $162.7 million compared to $138.8 million. Sanuk® brand net sales increased 3.0% to $43.1 million compared to $41.8 million. Other brands net sales decreased 7.5% to $70.9 million compared to $76.7 million. Balance Sheet (March 31, 2022 as compared to March 31, 2021)  Cash and cash equivalents were $843.5 million compared to $1.089 billion.  Inventories, which include amounts in-transit, were $506.8 million compared to $278.2 million. The Company had no outstanding borrowings. Stock Repurchase Program During the fourth quarter, the Company repurchased approximately 308 thousand shares of its common stock for a total of $90.0 million at an average price paid per share of $292.51. During full fiscal year 2022, the Company repurchased approximately 1.044 million shares of its common stock for a total of $356.7 million at an average price paid per share of $341.77. As of March 31, 2022, the Company had $454.0 million remaining under its stock repurchase authorization. "We have delivered two consecutive years of exceptional revenue growth, with accelerating increases over the prior year of 23.8% and 19.4%, for fiscal years 2022 and 2021, respectively," said Steve Fasching, Chief Financial Officer. "Despite facing significant incremental costs related to supply chain disruption, our teams were able to nimbly respond to these changing market dynamics to manage costs and deliver an operating margin of 17.9% in fiscal year 2022, at the top end of our original guidance range. With our in-demand brands, flexible operating model, and strong balance sheet, Deckers is well positioned to drive continued top-line growth and high levels of profitability." Full Fiscal Year 2023 Outlook for the Twelve Month Period Ending March 31, 2023 The Company's full fiscal year 2023 outlook is forward-looking in nature, reflecting our expectations as of May 19, 2022, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. This outlook assumes no meaningful changes to the Company's business prospects or risks and uncertainties identified by management that could impact future results, which include but are not limited to: the impact of the COVID-19 pandemic on our business and operations, including supply chain disruptions, constraints and related expenses; labor shortages; changes in economic conditions, inflationary pressures, consumer confidence and discretionary spending; and geopolitical tensions. Net sales are expected to be in the range of $3.45 billion to $3.50 billion. Gross margin is expected to be approximately 51.5%. SG&A expenses as a percentage of sales are projected to be approximately 34%. Operating margin is expected to be in the range of 17.5% to 18.0%. Effective tax rate is expected to be approximately 22% to 23%. Diluted earnings per share is expected to be in the range of $17.40 to $18.25. The earnings per share guidance does not assume any impact from additional share repurchases. Non-GAAP Financial Measures In certain instances the Company may present financial measures that were not prepared in accordance with generally accepted accounting principles in the United States (non-GAAP financial measures), including constant currency, to provide information that may assist investors in understanding its financial results and assessing its prospects for future performance. The Company believes these non-GAAP financial measures are important indicators of its operating performance because they exclude items that are unrelated to, and may not be indicative of, its core operating results. The non-GAAP financial measures presented by the Company may ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzinga6 hr. 14 min. ago Related News

FLOWERS FOODS, INC. REPORTS FIRST QUARTER 2022 RESULTS

THOMASVILLE, Ga., May 19, 2022 /PRNewswire/ -- Flowers Foods, Inc. (NYSE:FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today reported financial results for the company's 16-week first quarter ended April 23, 2022. First Quarter Summary: Compared to the prior year first quarter where applicable Sales increased 10.3% to a quarter-record $1.436 billion. Net income increased 19.4% to $85.6 million. Adjusted net income increased 6.3% to $93.1 million. Adjusted EBITDA(1) increased 2.4% to a quarter-record $165.5 million, representing 11.5% of sales, a 90-basis point decrease. Diluted EPS increased $0.06 to $0.40. Adjusted diluted EPS(1) increased $0.03 to a quarter-record $0.44.  (1) Adjusted for items affecting comparability. See reconciliations of non-GAAP measures in the financial statements following this release.   CEO's Remarks: "We delivered another quarter of record results, reflecting outstanding top line growth and disciplined execution on costs," said Ryals McMullian, president and CEO of Flowers Foods. "Focused implementation of our portfolio strategy drove market share gains for our leading brands, as consumers continued to gravitate to these differentiated products despite widespread inflation. To sustain this robust momentum, we intend to invest in marketing and advertising, introduce new and innovative products, and expand production capacity. "We are adjusting our outlook for fiscal 2022 to account for improved pricing, higher-than-expected inflation, and supply chain disruptions," he continued. "To mitigate resource shortages and volatile commodity prices, which increased beyond our initial expectations, we continue to execute on efficiency initiatives and we have implemented a price increase that will become effective in the second quarter. The resulting price lag, combined with the supply chain disruptions, is expected to impact EPS by a total of five cents in the second and third quarters. We are encouraged by the strong underlying fundamentals of our business, and our industry-leading team remains dedicated to enhancing long-term shareholder value." For the 52-week Fiscal 2022, the Company Expects: Sales in the range of approximately $4.764 billion to $4.850 billion, representing an increase of approximately 10.0% to 12.0% compared to the prior year period. Prior guidance called for sales of $4.660 billion to $4.695 billion, representing an increase of approximately 7.6% to 8.4% compared to the prior year period. Adjusted EPS(1) in the range of approximately $1.20 to $1.30, compared to prior guidance of $1.25 to $1.35. The company's outlook is based on the following assumptions: Depreciation and amortization in the range of $135 million to $145 million Net interest expense of approximately $7 million An effective tax rate in the range of 24.0% to 24.5% Weighted average diluted share count for the year of approximately 213.5 million shares Capital expenditures in the range of $150 million to $160 million, with $60 million to $70 million related to our ERP upgrade   Matters Affecting Comparability: Reconciliation of Earnings per Share to Adjusted Earnings per Share For the 16-Week Period Ended For the 16-Week Period Ended April 23, 2022 April 24, 2021 Net income per diluted common share $ 0.40 $ 0.34 Loss on inferior ingredients — NM Business process improvement consulting costs 0.03 0.02 Impairment of assets NM — Loss on extinguishment of debt — 0.06 Adjusted net income per diluted common share $ 0.44 $ 0.41 NM - not meaningful. Certain amounts may not add due to rounding.   Consolidated First Quarter Operating Highlights Compared to the prior year first quarter where applicable Sales increased 10.3% to $1.436 billion, surpassing the previous record first quarter results in 2020 that were influenced by the pandemic. Percentage point change in sales attributed to: Pricing/mix: 13.5% Volume: -3.2% Branded retail sales increased $94.4 million or 11.0% to $956.1 million, store branded retail sales increased $11.1 million or 6.9% to $173.6 million, while non-retail and other sales increased $28.2 million or 10.2% to $306.2 million. Branded retail sales increased primarily due to higher prices intended to offset inflationary pressures, and improved promotional efficiency, partially offset by volume declines in branded cake items partly due to supply constraints. Store branded retail sales increased primarily due to higher prices intended to offset inflationary pressures, partially offset by volume declines as consumer purchasing continued to shift to branded retail products. Non-retail and other sales increased primarily due to higher prices intended to offset inflationary pressures, partially offset by volume declines in fast food and co-manufactured items, supply chain disruptions, and targeted sales rationalization to improve profitability. Materials, supplies, labor, and other production costs (exclusive of depreciation and amortization) were 50.5% of sales, a 110-basis point increase. These costs increased as a percentage of sales due to higher ingredient and packaging costs, partly offset by higher sales and reduced outside purchases. Selling, distribution and administrative (SD&A) expenses were 38.6% of sales, a 10-basis point increase, impacted by incremental consulting costs and transportation cost inflation, largely offset by favorable price/mix, lower workforce-related costs, and increased scrap dough income. Excluding matters affecting comparability, adjusted SD&A expenses were 38.0% of sales, a 20-basis point decrease from the prior year period. Depreciation and amortization (D&A) expenses were $43.4 million, or 3.0% of sales, a 20-basis point decrease. Net income increased 19.4% to $85.6 million. Adjusted net income increased 6.3% to $93.1 million, helped by a discrete tax benefit and lower interest expense. Adjusted EBITDA increased 2.4% to a quarter-record $165.5 million, representing 11.5% of sales, a 90-basis point decrease. Cash Flow, Capital Allocation, and Capital Return For the first quarter of fiscal 2022, cash flow from operating activities increased by $26.2 million to $124.2 million, capital expenditures increased $23.2 million to $50.5 million, and dividends paid to shareholders increased $4.2 million to $46.7 million. Cash and cash equivalents were $205.1 million at the end of the first quarter of fiscal 2022. There are 5.4 million shares that remain authorized for repurchase under the company's current share repurchase plan. The company expects to continue to execute share repurchases from time to time under this plan. Pre-Recorded Management Remarks and Question and Answer Webcast In conjunction with this release, pre-recorded management remarks and a supporting slide presentation will be posted to the Flowers Foods website. The company will host a live question and answer webcast at 8:30 a.m. (Eastern) on May 20, 2022. The pre-recorded remarks and the webcast can be accessed at flowersfoods.com/investors, where it will be archived. About Flowers Foods Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE:FLO) is one of the largest producers of packaged bakery foods in the United States with 2021 sales of $4.3 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands are Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake. Learn more at www.flowersfoods.com. FLO-CORP   FLO-IR Forward-Looking Statements Statements contained in this filing and certain other written or oral statements made from time to time by Flowers Foods, Inc. (the "company", "Flowers Foods", "Flowers", "us", "we", or "our") and its representatives that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to current expectations regarding our future financial condition and results of operations and the ultimate impact of the novel strain of coronavirus ("COVID-19") on our business, results of operations and financial condition and are often identified by the use of words and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," "would," "is likely to," "is expected to" or "will continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based upon assumptions we believe are reasonable. Forward-looking statements are based on current information and are subject to risks and uncertainties that could cause our actual results to differ materially from those projected. Certain factors that may cause actual results, performance, liquidity, and achievements to differ materially from those projected are discussed in our Annual Report on Form 10-K (the "Form 10-K") and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC') and may include, but are not limited to, (a) unexpected changes in any of the following: (1) general economic and business conditions; (2) the competitive setting in which we operate, including advertising or promotional strategies by us or our competitors, as well as changes in consumer demand; (3) interest rates and other terms available to us on our borrowings; (4) supply chain conditions and any related impact on energy and raw materials costs and availability and hedging counter-party risks; (5) relationships with or increased costs related to our employees and third-party service providers; (6) laws and regulations (including environmental and health-related issues); and (7) accounting standards or tax rates in the markets in which we operate, (b) the ultimate impact of the COVID-19 pandemic and future responses and/or measures taken in response thereto, including, but not limited to, new and emerging variants of the virus and the efficacy and distribution of vaccines, which are highly uncertain and are difficult to predict, (c) our ability to manage the demand, supply and operational challenges with the actual or perceived effects of the COVID-19 pandemic; (d) the loss or financial instability of any significant customer(s), including as a result of product recalls or safety concerns related to our products, (e) changes in consumer behavior, trends and preferences, including health and whole grain trends, and the movement toward more inexpensive store branded products, (f) the level of success we achieve in developing and introducing new products and entering new markets, (g) our ability to implement new technology and customer requirements as required, (h) our ability to operate existing, and any new, manufacturing lines according to schedule, (i) our ability to implement and achieve our environmental, social, and governance ("ESG") goals in accordance with suppliers, regulations, and customers; (j) our ability to execute our business strategies which may involve, among other things, (1) the ability to realize the intended benefits of planned or contemplated acquisitions, dispositions or joint ventures, (2) the deployment of new systems (e.g., our enterprise resource planning ("ERP") system), distribution channels and technology, and (3) an enhanced organizational structure, (k) consolidation within the baking industry and related industries, (l) changes in pricing, customer and consumer reaction to pricing actions (including decreased volumes), and the pricing environment among competitors within the industry, (m) our ability to adjust pricing to offset, or partially offset, inflationary pressure on the cost of our products; (n) disruptions in our direct-store-delivery distribution model, including litigation or an adverse ruling by a court or regulatory or governmental body, or other regulatory developments, that could affect the independent contractor classifications of the independent distributor partners, (n) increasing legal complexity and legal proceedings that we are or may become subject to, (p) labor shortages and turnover or increases in employee and employee-related costs, (q) the credit, business, and legal risks associated with independent distributor partners and customers, which operate in the highly competitive retail food and foodservice industries, (r) any business disruptions due to political instability, pandemics, armed hostilities (including the ongoing conflict between Russia and Ukraine), incidents of terrorism, natural disasters, labor strikes or work stoppages, technological breakdowns, product contamination, product recalls or safety concerns related to our products, or the responses to or repercussions from any of these or similar events or conditions and our ability to insure against such events, (s) the failure of our information technology ("IT") systems to perform adequately, including any interruptions, intrusions, cyber-attacks or security breaches of such systems or risks associated with the planned implementation of the upgrade of our ERP system; and (t) the potential impact of climate change on the company, including physical and transition risks, higher regulatory and compliance costs, reputational risks, and availability of capital on attractive terms. The foregoing list of important factors does not include all such factors, nor necessarily present them in order of importance. In addition, you should consult other disclosures made by the company (such as in our other filings with the SEC or in company press releases) for other factors that may cause actual results to differ materially from those projected by the company. Refer to Part I, Item 1A., Risk Factors, of the Form 10-K, Part II, Item 1A., Risk Factors of the Form 10-Q for the quarter ended April 23, 2022 and subsequent filing with the SEC for additional information regarding factors that could affect the company's results of operations, financial condition and liquidity. We caution you not to place undue reliance on forward-looking statements, as they speak only as of the date made and are inherently uncertain. The company undertakes no obligation to publicly revise or update such statements, except as required by law. You are advised, however, to consult any further public disclosures by the company (such as in our filings with the SEC or in company press releases) on related subjects. Information Regarding Non-GAAP Financial Measures The company prepares its consolidated financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP). However, from time to time, the company may present in its public statements, press releases and SEC filings, non-GAAP financial measures such as, EBITDA, adjusted EBITDA, EBITDA margin, adjusted EBITDA margin, adjusted net income, adjusted EPS, adjusted income tax expense, adjusted selling, distribution and administrative expenses (SD&A), gross margin excluding depreciation and amortization, free cash flow, and the ratio of net debt to adjusted EBITDA. The reconciliations attached provide reconciliations of the non-GAAP measures used in this presentation or release to the most comparable GAAP financial measure. The company's definitions of these non-GAAP measures may differ from similarly titled measures used by others. These non-GAAP measures should be considered supplemental to, and not a substitute for, financial information prepared in accordance with GAAP. The company defines EBITDA as earnings before interest, taxes, depreciation and amortization. Earnings are net income. The company believes that EBITDA is a useful tool for managing the operations of its business and is an indicator of the company's ability to incur and service indebtedness and generate free cash flow. EBITDA is used as the primary performance measure in the company's 2014 Omnibus Equity and Incentive Compensation Plan. Furthermore, pursuant to the terms of our credit facility, EBITDA is used to determine the company's compliance with certain financial covenants. The company also believes that EBITDA measures are commonly reported and widely used by investors and other interested parties as measures of a company's operating performance and debt servicing ability because EBITDA measures assist in comparing performance on a consistent basis without regard to depreciation or amortization, which can vary significantly depending upon accounting methods and non-operating factors (such as historical cost). EBITDA is also a widely-accepted financial indicator of a company's ability to incur and service indebtedness. EBITDA should not be considered an alternative to (a) income from operations or net income (loss) as a measure of operating performance; (b) cash flows provided by operating, investing and financing activities (as determined in accordance with GAAP) as a measure of the company's ability to meet its cash needs; or (c) any other indicator of performance or liquidity that has been determined in accordance with GAAP. The company defines adjusted EBITDA, EBITDA margin, adjusted EBITDA margin, adjusted net income, adjusted diluted EPS, adjusted income tax expense and adjusted SD&A, respectively, excluding the impact of asset impairment charges, Project Centennial consulting costs, business process improvement costs, lease terminations, legal settlements, acquisition-related costs, and pension plan settlements. The company believes that these measures, when considered together with its GAAP financial results, provides management and investors with a more complete understanding of its business operating results, including underlying trends, by excluding the effects of certain charges. The company defines free cash flow as operating cash flow minus capital expenditures. The company believes that free cash flow provides investors a better understanding of the company's liquidity position. The company defines net debt as total debt less cash and cash equivalents. Net debt to EBITDA is used as a measure of financial leverage employed by the company. Gross margin excluding depreciation and amortization is used as a performance measure to provide additional transparent information regarding our results of operations on a consolidated and segment basis. Changes in depreciation and amortization are separately discussed and include depreciation and amortization for materials, supplies, labor and other production costs and operating activities. Presentation of gross margin includes depreciation and amortization in the materials, supplies, labor and other production costs according to GAAP. Our method of presenting gross margin excludes the depreciation and amortization components, as discussed above. The reconciliations attached provide reconciliations of the non-GAAP measures used in this presentation or release to the most comparable GAAP financial measure.   Flowers Foods, Inc.  Condensed Consolidated Balance Sheets (000's omitted) April 23, 2022 January 1, 2022 Assets      Cash and cash equivalents $ 205,147 $ 185,871      Other current assets 586,276 531,154      Property, plant and equipment, net 816,466 798,728      Right-of-use leases, net 294,111.....»»

Category: earningsSource: benzinga6 hr. 14 min. ago Related News

Banco BBVA Argentina S.A. announces First Quarter 2022 results

BUENOS AIRES, Argentina, May 19, 2022 /PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) ("BBVA Argentina" or "BBVA" or "the Bank") announced today its consolidated results for the first quarter (1Q22), ended on March 31, 2022.  As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2021 and 2022 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to March 31, 2022. 1Q22 Highlights BBVA Argentina's inflation adjusted net income in 1Q22 was $4.0 billion, 27.1% lower than the $5.5 billion reported on the fourth quarter of 2021 (4Q21), and 12.3% lower than the $4.6 billion reported on the first quarter of 2021 (1Q21). In 1Q22, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of 1.4% and an inflation adjusted average return on equity (ROAE) of 9.0%. In terms of activity, total consolidated financing to the private sector in 1Q22 totaled.....»»

Category: earningsSource: benzinga6 hr. 14 min. ago Related News

Adagio Therapeutics Jumps 629 Ranks To 119th Most Owned Stock On The Platform

Adagio Therapeutics Inc (NASDAQ:ADGI) said it secured manufacturing capacity with third parties to produce its SARS CoV-2 antibody treatment for clinical trials in anticipation of US Food and Drug Administration and other regulations. The Waltham, MA-based clinical-stage biopharmaceutical company focuses on discovering, developing and commercializing antibody-based solutions for infectious diseases with pandemic potential. Adagio has […] Adagio Therapeutics Inc (NASDAQ:ADGI) said it secured manufacturing capacity with third parties to produce its SARS CoV-2 antibody treatment for clinical trials in anticipation of US Food and Drug Administration and other regulations. The Waltham, MA-based clinical-stage biopharmaceutical company focuses on discovering, developing and commercializing antibody-based solutions for infectious diseases with pandemic potential. Adagio has a portfolio of SARS-CoV-2 antibodies, including multiple, non-competing, broadly neutralizing antibodies with distinct binding epitopes, led by ADG20. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Adagio Therapeutics' IPO Adagio has traveled a rough road since its August 2021 $17 initial public offering. The shares debuted with a roughly 25% gain, climbing to $78.82 amid analyst optimism which drove demand. The bubble burst, though, and the shares began a long decline to their current roughly $3 a share. That's an 86% decline from the shares' high. The shares spiked briefly in November when Adagio said ADG20 showed effectiveness against Omicron. Retail investors greeted the news by opening their wallets to buy. Adagio shares climbed 629 positions on the Fintel Retail Ownership leaderboard and currently sit at the 119th spot. We included a chart from ADGI's Retail Ownership page below: Buyers also digested the company's earnings from Friday when the company reported a 93 cents a share loss first quarter loss, a blistering 30 cents below Wall Street analysts' average estimate. Research and Development expenses rose to $92 million, compared to $34 million for the prior year. The firm reported cash and cash equivalents of $532 million on the 31st of March and management expects total cash and equivalents will continue to fund the company into the 2024's second half. The company paused its clinical trials earlier after early results against the Covid 19 omicron variant. Adagio shares carry the risk of many early-stage biotech firms; running out of money. Investors often balk at funding untested product development. However, its current cash balance exceeds its market capitalization and provides an operating cushion and share price support. According to Fintel's Put/Call Ratio for ADGI, which indicates market sentiment for the underlying shares, the stock has a score of 0.42 The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment. We a chart of this ratio and how it has behaved over the last three months: Interestingly, the stock also sports a Fintel Short Squeeze Score of 86.61, which places it in the top 5% of our 5,500 screened companies. The Short Squeeze Score uses a sophisticated, multifactor quantitative model that identifies companies with the highest risk of experiencing a short squeeze. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. The number ranges from 0 to 100, with higher numbers indicating a higher risk of a short squeeze relative to its peers and 50 being the average. The consensus analyst rating for the shares is "underweight." Article by Ben Ward, Fintel Updated on May 19, 2022, 4:31 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk6 hr. 14 min. ago Related News

Don’t Bet On Cheaper Oil, Not Yet Anway

Oil Stockpiles Fall Despite Fear Of Slowing Growth The price for WTI (NYSE:USO) has been trending sideways over the past few months as traders, speculators, hedge funds, and users of oil wrestle with a rapidly changing environment. While the price action has been moving lower over the past few days, we don’t think a top […] Oil Stockpiles Fall Despite Fear Of Slowing Growth The price for WTI (NYSE:USO) has been trending sideways over the past few months as traders, speculators, hedge funds, and users of oil wrestle with a rapidly changing environment. While the price action has been moving lower over the past few days, we don’t think a top has been reached in this market. Rising oil prices are having an impact on demand but systemic demand for fuel and petrochemicals remains high. A recession, if it comes, may not produce lower energy prices simply because we expect labor markets to remain tight due to the massive shortfall of available employees. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more  The EIA is forecasting supply and demand to run very tight over the next 6 months and there are numerous risks to the outlook. To start, the EU is not only pushing to ban imports of Russian oil and gas but Russia's claims it would sell its oil to “other” parties is without merit. If the EU follows through on the latest proposal, there will be a total ban on Russian oil in 6 months' time. At the same time, COVID restrictions in China and, more importantly, the key manufacturing hub of Shanghai, are expected to ease beginning June 1st and that will boost demand in an already tight supply/demand environment. US Energy Stockpiles Decline In the US, energy stockpiles are already in decline and moving lower. The latest data shows that crude and gas inventories fell again versus expectations for increases and we don’t see the trend changing. Diesel fuel and distillate stockpiles rose but not enough to make up the shortfall in the WTI data and distillate stockpiles are at the lowest level since 2005. Not even counting the demand for fuel on the road today, refinery demand to rebuild those stockpiles will be a powerful tailwind for oil prices. Releasing the Strategic Petroleum Reserve is not helping the situation either. Total US stockpiles, including the SPR, are at 12-year lows due to the release of the SPR. The SPR itself is at the lowest level since the late 80s and will provide another tailwind to price action when it gets replenished. The takeaway is that energy reserves are well below average and in need of replenishment. Because demand is expected to match output for the foreseeable future the replenishment of stockpiles is an unlikely event. The Technical Outlook: WTI Is Waiting To Pop The price action in WTI has been sideways over the past few months but the bias is definitely upward. Not only has WTI confirmed support above the previous high but support is moving higher and new highs were recently set within the range. The indicators are also bullish showing a series of small but strengthening MACD peaks and higher lows in the stochastic. Price action may fall in the near term due to easing fears or fear of slacking demand but these pullbacks should be viewed as buying opportunities at this time. It is our opinion that energy markets are tight and traders are waiting for the next bad headline to cross the wire. The weekly chart is equally biased and to the upside. While price action pulled back from the March peak it found support above $97 and has since built a nice base. The indicators also pulled back which is evidence of a cooling market but that is consistent with consolidation within a bull market. The indicators at this level have already rolled over into bullish crossovers that, at the very least, confirm support at the previous high. At best, the bullish crossovers in WTI are trend following signals that will have price action back to the all-time high fairly soon. Article by Thomas Hughes, MarketBeat Updated on May 19, 2022, 4:54 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk6 hr. 14 min. ago Related News

Dividend Passive Income: How To Make $1,000 Per Month

Would you like to have an extra $1,000 per month? Even if you’re a minimalist, I think most of us would jump at this opportunity. And, for good reason. An extra grand a month could totally transform your life. In addition to paying off financial debt, you could also invest in your retirement or buy […] Would you like to have an extra $1,000 per month? Even if you’re a minimalist, I think most of us would jump at this opportunity. And, for good reason. An extra grand a month could totally transform your life. In addition to paying off financial debt, you could also invest in your retirement or buy life insurance with this extra cash. Or, with your newfound financial freedom, you could finally make much-needed home repairs, take a class to enhance your skills, or take that vacation you’ve been talking about for years. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more And, considering that 56% of Americans can’t pay for a $1,000 emergency expense, this money could be used to build a considerable emergency fund. However, you’re not going to suddenly end up with $1,000 per month — unless you inherit money or win the lottery. It has to be earned. Now, your first thought could be that you should find a second job. If you’re facing a financial crisis or are working toward a short-term financial goal, this is the right move. On the other hand, you may find this takes you away from your family, friends, or hobbies. Plus, juggling both a full-time job and an internship can be exhausting. Consequently, if your performance or productivity plummets, you could in essence risk your primary source of income. With that said, what are your realistic options for earning an extra grand each month? One of my favorites is through a passive income. What is a Passive Income? Making passive income requires little effort on your part. Often, passive income is referred to as ‘earning money while you sleep’ because it requires almost no involvement. This isn’t the case in every situation, however. However, hopefully, you’ve got the jest on what a passive income is. However, there is a myth about passive income that needs to be busted. Passive income is assumed to be so easy that anyone can earn it within the weekend. Once that’s done, you just sit back and wait for the money to come following in. Truth be told, a lot of work needs to be done upfront. Your passive income sources still need to be updated and maintained even after the initial legwork is completed. One example is blogging. Once it’s up and running and producing a steady revenue stream, it can make a lot of money. But, building a blog to that level takes a lot of effort. And, even if you reach that level, it still needs to be managed. If anything, it’s semi-passive. Although this is an excellent income source, it is not really passive. But, that’s not true with dividends. What is a Dividend (And Why They Rock)? If you want a truly passive income, then let me introduce you to my good friend dividends. For those who aren’t acquainted with my friend here, dividends are payments companies make to shareholders as a way of sharing profits. Investors earn a return on stock investments through dividends, which are paid on a regular basis. Let me also add that not all stocks pay dividends. You should choose dividend stocks if you want to invest for dividends, however. All right, that’s great. What makes dividends a passive income though? Again, most passive income sources will still need a little TLC every now and then. I already talked about blogging. But, property rentals are another example of a semi-passive income. If you don’t maintain your rental, it’s going to depreciate and become loss appealing to renters. In the current era of exceptionally low interest rates, dividend income is in a league of its own. It is possible without any effort to create a portfolio of stocks that generates a steady return of 3%-4% per year. There is no better example of a truly passive investment today than that. Now, let me be real. To reach the desired level of income takes a lot of capital. If you invest wisely, however, you can earn a generous income — even $1000 per month in dividends. And, as soon as it’s up and running, you won’t have to lift a finger to get it going. Besides being a legitimate passive income, I’m a big fan of dividends for the following reasons. Capital appreciation. Even though I’m talking about dividends, dividend stocks can also generate capital appreciation. After all, they’re stocks, and the value of stocks tends to go up over time. If you’re lost, let’s take Pepsi as an example. Right now, the stock pays a dividend of almost 3% per year. The current share price is about $172. But if you purchased the stock 10 years ago? You could have done so at less than $65 per share. The stock value has more than doubled in 10 years, and you have earned 3% in passive income over that time. In other words, dividend stocks have the advantage of not only providing a steady income. But also the benefit of capital appreciation. By doing so, you can protect your investment from inflation and also make sure it grows over the long run. As such, dividend stocks are among one of the very best investments you can make, and are one of the strongest recommendations for the foundation of your portfolio. Dividend stocks should be a core investment, even if you own other investments. Dividend stocks vs. growth stocks. Now, I gotta quickly fill you in on dividend stocks. Unlike growth stocks, dividend stocks tend to rise less in price than growth stocks. Why? As their name implies, growth stocks are all about growth. Most pay little dividends if any at all. All profits are instead reinvested into the business to expand revenue and profit. In fact, over the past decade, growth stocks that don’t pay dividends have produced some of the best results. The most notable example is Amazon (AMZN). In the past 10 years, its stock price increased from $170 per share to more than $3,000 now, but it doesn’t pay a dividend. You won’t get income from these stocks until the day you sell them, so you may want to hold a number of them in your portfolio. The appreciated value will come at that point. But, for now, it’s just paper gain. In short, investing in dividend stocks is a better choice if you’re looking for passive income. Favorable tax treatment. Dividend-paying stocks offer tax benefits in addition to yields above those of interest-bearing securities. Dividends are treated as ordinary income by the Internal Revenue Service. If qualified for the long-term capital gains tax rate, however, they aren’t taxed. Dividends on the stock must be issued by a US corporation or by a foreign corporation with stock trading on a US exchange in order to qualify as a qualified dividend. To qualify for dividends on a stock, you must also own it for at least 60 days. For qualified dividends the tax rates are as follows: If you have a taxable income of less than $78,750, you pay 0%. If you’re single and earn more than $78,750, but less than $434,550, or if you’re married filing jointly, or if you’re a qualified widow, you’re eligible for a 15% tax exemption. Taxes are charged at a rate of 20% of your taxable income that exceeds these thresholds. In any case, if you hold dividend stocks in qualified tax-deferred retirement plans, the lowered (or nonexistent) taxes won’t matter. Holding them in a taxable investment account will give you a big tax advantage though. Where to Find Dividend Stocks Dividend-paying stocks tend to be issued by large corporations with established financial records. Or at least those that pay higher yields consistently over time. They are also commonly known in most cases. Either they have popular products or services, or they’ve been around for a long time and have built a strong reputation. They tend to be popular with investors, too, due to all those qualities and their dividends. Now, when it comes to dividend stocks, companies can choose between different dividend types. The most common types include: Cash dividends. These are the most common dividends. Companies typically deposit cash dividends directly into shareholders’ brokerage accounts. Stock dividends. In addition to paying cash, companies can also share additional stock with investors. Dividend reinvestment programs (DRIPs). With DRIPs, dividends are reinvested into the company’s stock, often at a discount, so investors receive their dividends back sooner. Special dividends. Shareholders receive these dividends when their common stock goes up in value, but they do not recur. When a company has accumulated profits over years but does not need them at the moment, it will issue a special dividend. Preferred dividends. The dividends paid to the owners of preferred stock. Stocks that are preferred function less like stocks and more like bonds. Most preferred stock dividends are paid quarterly, but unlike dividends on common stock, they are typically fixed. With that out of the way, let me go over the three basic ways to invest in dividend stocks. Start with dividend aristocrats. At present, all stocks in the S&P 500 index offer a yield of 1.37%. To begin, you might want to focus on stocks that are paying even higher dividends. Stock screener software can certainly assist with finding those companies. But, there’s a much easier method. You can find many of the best and most stable dividend stocks on a list called Dividend Aristocrats, which includes some of the highest-dividend paying stocks. At the moment, the list includes 65 companies. In order to be considered a Dividend Aristocrat, a company must meet specific criteria. Among these criteria are: At least 25 straight years of increasing dividends to shareholders. An established, large company is generally listed on the S&P 500, rather than one that is fast-growing. The company must have a market capitalization of at least $3 billion. The value of daily share trades for the three months prior to the rebalancing date must have averaged $5 million. However, just because a stock is a Dividend Aristocrat doesn’t automatically make it a good investment. There is no guarantee that a company is permanently on the list just because it is on the list. The list is usually altered every year, as some companies are added and others drop. Dividend aristocrats: What to watch out for. In the case of Dividend Aristocrats, two factors need to be considered: The ratio of dividends paid out. This is the percentage of net profits a company pays out to shareholders in dividends. It is unlikely that the current dividend is sustainable if this number approaches or exceeds 100%. The optimal dividend payout ratio is between 50% and 60%. A dividend yield that is excessive. A dividend yield of 3% to 4% is the average for Dividend Aristocrats. In some cases, higher pay may be due to a company’s share price falling, such as 6%, 8%, or more. This could indicate a company is in distress. Either situation can indicate a dividend reduction is a real possibility. If that happens, not only will your dividend yield be reduced, but the price of the stock will almost certainly fall. High dividend exchange-traded funds (ETFs). Investing in ETFs can be a good alternative to holding individual stocks. For example, you can invest in dividend-paying ETFs. Examples include: Vanguard High-Dividend Yield ETF (VYM) – currently yields 2.99%, with an average return of 10.45% over the past decade. SPDR S&P Dividend ETF (SDY) – has an overall return of 10.23% over the past ten years and a dividend yield of 2.91%. Schwab US Dividend Equity ETF (SCHD) – pays dividends of 3.69%, and has returned 14.61 percent over the past 9 years (founded in October 2011). These three funds not only show double-digit returns for the past decade but also have current yields much higher than interest-bearing investments. Although you might not become wealthy in the way that high-flying growth stocks do, these funds provide steady, reliable returns. Long-term investors should consider this kind of investment as the centerpiece of their portfolios. Real Estate Investment Trusts (REITs) Essentially, REITs are mutual funds that invest in real estate instead of stocks. However, not any kind of real estate will do. Real estate investment trusts invest mostly in commercial properties, including office buildings, retail space, warehouses, and big apartment buildings. A minimum of 90% of their income must be distributed to shareholders as dividends as well. The net rental income and the capital appreciation distributions of sold properties make up this portion. For simplicity, dividends are usually paid on a monthly basis by REITs. Here are some dividend-paying REITs to consider: Brookfield Property REIT (BPY) – current dividend yield of 7.54%. Kimco Realty Corp (KIM) – current dividend yield of 3.26%. Brandywine Realty Trust (BDN) – current dividend yield of 6.59%. Bear in mind, however, that REITs have not had good long-term performance in the past few years. In spite of paying consistently high dividends, both Brookfield Property REIT and Kimco Realty Corp have experienced major share price declines over the past decade. On the flip side, Brandywine Realty Trust showed the best capital appreciation, holding constant over the past decade. Where to Invest in Dividend Stocks Want to earn a passive income with dividends? The following investment platforms allow you to invest in dividend stocks or high dividend ETFs. As an added perk, each gives you the option of commission-free investment in stocks or ETFs. Robinhood On either your computer or your mobile device, you can trade stocks and ETFs using the Robinhood app. This is also one of the only investment apps that offer trading options as well as cryptocurrency. In spite of the fact that Robinhood is primarily designed for self-directed investors, it provides sufficient company information to identify dividend stocks and track them. Dividend yield, price-earnings ratio, and 52-week high and low prices all fall into this category. The company is currently giving you the chance to earn up to $500 in free stocks by referring friends who open accounts on the app. A stock can be worth anywhere from $2.50 to $200. But, come on. That’s free money just for signing up. Webull Webull works a lot like Robinhood. This company offers commission-free trading of stocks, ETFs, and options, and it has mobile trading capabilities. If you’re on the move constantly, then this is the platform for you. Webull does not require a minimum initial investment. But funds are required for investing. Moreover, it does offer both traditional and Roth IRA accounts, which makes it a better alternative to Robinhood. The reason dividend stocks are ideal for retirement accounts is that they provide long-term growth in addition to income. You will also receive interest on any invested cash held in your account at Webull. M1 Finance Unlike Robinhood and WeBull, M1 Finance allows you to purchase stocks through portfolios called “pies,” which are comprised of many stocks and/or ETFs. There are pre-built pies available, but you can customize your own with the stocks and ETFs you want. If you prefer, you can make a pie out of each of your favorite Dividend Aristocrats, or even pick all 65 stocks. It’s entirely up to you how many pies you want. Dividend Aristocrats can be held in one account, growth stocks in another, or sector ETFs in another. When you have created one or more pies, M1 Finance provides you with another advantage. Your pie will be managed robo-advisor-style, with periodic rebalancing to make sure your allocations remain on target, and even dividends reinvested. You can then sit back and watch your investment grow once you’ve selected your stocks or funds. Ah. The best kind of passive income you could ever ask for. How to Build a Portfolio That Will Make $1,000 Per Month in Dividends Sample Dividend Portfolio For new and small investors, this is a significant barrier. I mean you’d need about $400,000 with a yield of 3% to make $1,000 per month in dividends. But how do you get to $400,000? To begin, let’s take a look at things from a different perspective. Investing in dividends is, by definition, a long-term endeavor. The goal isn’t growth, and most certainly not explosive growth. Rather it’s all about a steady income that hopefully will appreciate over time. So, you’ll need patience and constant investing if you want to make it a long-term investment. The first step, then, is to consider the amount you plan to invest and set up a regular schedule. Suppose, for example, you buy 10 shares of a particular stock each month, or invest $500 per month. Over time, you can gradually add many thousands of dollars to your investments every year. This results in a positive outcome. With your monthly purchases, you will be able to utilize dollar-cost averaging. A method like that greatly eliminates the impact of stock price fluctuations or the timing of the end of the market. Every month, you will just invest the same amount. And, best of you all, you just let compound interest work its magic. If you are investing $500 per month in a growing portfolio of dividend stocks with a 10% return, including dividends and capital appreciation, you would be investing $6,000 per year. Investing at the same level for 21 years will mean you’ll have over $400,000 — even if you never increase it. Dividend Reinvestment Plans commonly called DRIPs, make this possible. These are often offered by the brokerage firm where you hold the stocks. With DRIPs, dividends are used to buy more shares of the same company automatically. The Bottom Line Dividend stocks don’t get the same buzz as growth stocks do. The thing is, they’re the kind of investments that build both permanent wealth and passive income. What’s not to like about that? For retirement portfolios, dividend stocks are especially enticing. Investing in these funds will not only allow you to build wealth over decades but will also provide a steady flow of income when you retire. As the stock prices rise in value over time, you can use the dividend income to cover living expenses. You can choose to receive $2,000, $3,000, or even $5,000 in dividends per month, even though I have been talking about $1,000. You’ll need a much broader portfolio for that. However, if you are planning to become wealthy or retire with a seven-figure account, you might as well earn a decent income while you’re at it. To build a portfolio large enough to generate $1,000, or more, per month in dividends, you must combine regular contributions, dividend reinvestment, and capital appreciation. Article by Jeff Rose, Due About the Author Jeff Rose is an Iraqi Combat Veteran and founder of Good Financial Cents. He teaches people wealth hacking. He is a frequent on CNBC, Forbes, Nasdaq and many other publications. He is author of the book "Soldier of Finance: Take Charge of Your Money and Invest in your Future" where he teaches how he escaped from $20,000 in credit card debt to a life of wealth. Updated on May 19, 2022, 3:58 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk7 hr. 29 min. ago Related News

4 charts show how many candidates Trump has endorsed who have won and lost

Trump's endorsement hasn't been enough to put his most controversial or troubled endorsees over the top, as Republican voters look elsewhere. Former President Donald Trump addresses the crowd during a March 2022 rally in Florence, South Carolina.Peter Zay/Anadolu Agency via Getty Images Former President Donald Trump's endorsement record is being tested in midterm primaries. So far, Trump endorsed candidates in competitive races have received 63.5% of the vote on average. Several high-profile Trump picks have either lost or underperformed. Mehmet Oz's fate remains unknown. Former President Donald Trump's endorsement record has held up relatively strong so far in the 2022 midterms. Factoring out Trump picks who ran unopposed, his endorsements receive an average of 63.5% of the vote across federal, state, and local primary contests.But several of Trump's most controversial or troubled selections have either underperformed or lost their Republican primaries altogether, as GOP voters have shown a willingness to ignore the former president's wishes, according to an Insider analysis of Trump endorsees and election results.It's an indication that the value of Trump's "golden ticket" is limited — and certainly no guarantee of salvation for a flawed candidate that's lost the trust of Republican voters otherwise predisposed to supporting the former president's hand-picked hopefuls.Exhibit A: Rep. Madison Cawthorn, who lost his North Carolina District 11 congressional race amid numerous scandals. Trump's plea to voters — "Let's give Madison a second chance!" — couldn't save the freshman congressman.Trump's endorsement also failed to rescue endorsee Charles Herbster, who faced accusations he groped women, from a Republican primary crash-and-burn in Nebraska's gubernatorial contest. Trump's favored candidate in Idaho's gubernatorial race, Janice McGeachin, earned just 32% percent of her Republican primary vote and lost. She had recently delivered a recorded speech at a White nationalist convention and cozied up to armed right-wing militia members.Five other Trump-backed candidates, including legally imperiled Texas Attorney General Ken Paxton, failed to win their Republican primaries outright and face runoffs.!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r.....»»

Category: topSource: businessinsider7 hr. 42 min. ago Related News

What is the average grad school debt in the U.S.?

Here’s the average grad school debt students take on while pursuing master’s, doctorate, and professional degrees in different fields of study......»»

Category: topSource: foxnews7 hr. 42 min. ago Related News

DMN: Allen mixed-use project will include industrial and offices

Allen’s planning and zoning commission recently approved plans for the Chelsea 121 project that will include almost 60 acres of warehouses and about 200,000 square feet of offices plus retail and townhomes......»»

Category: topSource: bizjournals7 hr. 42 min. ago Related News

Goldman Is Quietly Handing Out A "Recession Manual" To Clients

Goldman Is Quietly Handing Out A "Recession Manual" To Clients Gradually we are getting to the point where the tire hits the road. Now that Wall Street is convinced that hawkish global central banks (the top risk in the latest BofA Fund Manager Survey) will spark a global recession (the second highest risk in the FMS)... ... and as a result, peak inflation is now consensus with a whopping net 68% of respondents - a record high - expect inflation rates to fall in the coming quarters... ... it seems that fears of stagflation are gradually giving way to something just as concerning: a global recession.  Of course, a global recession is not good for Wall Street business nor stock prices, which is why Wall Street was bound to stage a spirited defense against the reality that a recession has already started, at least until the NBER makes the current recession official, and is why we get defensive articles such as this one in Bloomberg from this morning: "Goldman, JPMorgan Strategists See Recession Fears as Overblown"... ... although one could be forgiven to take such pro-establishment propaganda seriously any more when a quick google search reveals farcical humor such as this from October. So realizing that most of its clients are sophisticated enough to see through its "base case" bullish, Goldman (if not JPMorgan) has already started setting the stage for what is coming, and two days after publishing a list of 20 stocks that should thrive in the "coming recession", Goldman has quietly started handing out a "Recession Manual" for US stocks (available to professional subscribers) to clients. To be sure, it's a recession which Goldman is pretty certain won't happen (if only not to piss off the Biden admin): as Goldman's chief equity strategist David Kostin hedges in the second sentence of the report, "our economists estimate a 35% probability that the US economy will enter a recession during the next two years and believe the yield curve is pricing a similar likelihood of a contraction." And yet, despite Goldman's best efforts to mitigate the painfully obvious endgame, the bank goes on to admit that rotations within the US equity market indicate that investors are pricing elevated odds of a downturn compared with the strength of recent economic data. One such place is the relative performance of cyclical stocks vs. defensive stocks which has declined by 17% since January (-19% vs. -2%). The relative performance of these two factors has closely tracked the level of the ISM index for more than a decade. The ISM currently stands at 55, but the relative performance of cyclicals vs. defensives would imply a level below 50, i.e. a contraction and thus, a recession. Additionally, Kostin reveals that dividend futures market implies S&P 500 dividends will decline by nearly 5% in 2023 (this matters because during the last 60 years, S&P 500 dividends have not declined outside of a recession). In other words, even though Goldman says that "a recession is not inevitable", it also admits that "clients are constantly asking what to expect from equities in the event of a recession." So what should Goldman clients expect? In its report, Goldman discusses how S&P 500 price, earnings, valuations, and sector and factor performance have fared in past recessions. And while there is a lot of information in the full report, we take a more detailed look at some of the report highlights starting with... Price: Across 12 recessions since World War II, the S&P 500 index has contracted from peak to trough by a median of 24%. A decline of this magnitude from the S&P 500 peak of nearly 4800 in January 2022 would bring the S&P 500 to approximately 3650 (11% below current levels). The average decline of 30% would reduce the S&P 500 to 3360 (-18% from today). Timing: Across the same 12 experiences since WWII, the equity market has begun to price a recession on average 7 months prior to the official start of the recession per NBER’s designation. In all but one instance, the sequence of events was the same: The market peaked prior to the recession and then bottomed prior to the end of the recession. As an aside, the 2000 recession was the only experience that departed from this pattern. Back then, the market continued to decline well after the economic recession ended, troughing a full 8 months after the recession ended and a full 30 months after its pre-recession peak. Labor Market: According to Goldman, bottom of the equity market has generally exhibited a relationship with the peak in weekly jobless claims. Since 1970, the S&P 500 has reached its local trough within weeks of the peak in weekly jobless claims. In most experiences, the market bottomed just before jobless claims reached their peak. That may be concerning because while claims just hit a 4 month high, at 218K, they have a long way to go to get back to historical average not to mention the records hit during the covid crash. Earnings: Since 1948, S&P 500 earnings have dropped from peak to trough around recessions by a median of 13%. EPS have recovered by a median of 17% four quarters after troughing. In terms of timing, recessions since 1990 provide a guide for the path of EPS revisions around a recession. During the last four recessions, the typical revision to consensus EPS estimates during the 6 months prior to the start of a recession has ranged from -6% to -18%, with a median of -10%. During the 6 months following the start of the recession, analysts reduced EPS estimates by an additional 13%. During the 12-month period surrounding the start of a recession, analysts reduced estimates by a median of 22%. Valuation: The S&P 500 forward P/E multiple has contracted by a median of 21% between its pre-recession peak and its eventual trough. During the typical recession since 1980, the index P/E multiple peaked 8 months in advance of the onset of a recession and declined by 15% between its pre-recession peak and the beginning of the recession. Sectors: During the 12 months before a recession, defensive sectors and “quality” factors have generally outperformed. Across 5 recessions since 1981, the average experience saw Energy, Consumer Staples, Health Care, and Utilities outperform the index. There is more in the full Goldman Recession Manual available to professional subscribers. Tyler Durden Thu, 05/19/2022 - 15:00.....»»

Category: worldSource: nyt8 hr. 27 min. ago Related News

Mortgage Applications for New Home Purchases Decreased 10.6% in April

Mortgage applications for new home purchases decreased 10.6% compared to a year ago, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey (BAS) released this week. Compared to March 2022, applications decreased by 14%. This change does not include any adjustment for typical seasonal patterns, MBA stated. Additional key findings: MBA estimates new… The post Mortgage Applications for New Home Purchases Decreased 10.6% in April appeared first on RISMedia. Mortgage applications for new home purchases decreased 10.6% compared to a year ago, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey (BAS) released this week. Compared to March 2022, applications decreased by 14%. This change does not include any adjustment for typical seasonal patterns, MBA stated. Additional key findings: MBA estimates new single-family home sales were running at a seasonally-adjusted annual rate of 701,000 units in April 2022, based on data from the BAS. The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors. The seasonally adjusted estimate for April is a decrease of 6.8% from the March pace of 752,000 units.  On an unadjusted basis, MBA estimates that there were 65,000 new home sales in April 2022, a decrease of 12.2% from 74,000 new home sales in March. By product type, conventional loans composed 76.7% of loan applications, FHA loans composed 13.1% , RHS/USDA loans composed 0.2% and VA loans composed 10.1%. The average loan size of new homes increased from $436,151 in March to $436,576 in April. The takeaway: “New home purchase activity declined on a monthly and annual basis in April, as the spike in mortgage rates cooled demand, and homebuilders continued to grapple with rising costs, supply-chain issues, and extended completion timelines,” said Joel Kan, MBA’s associate vice president of Economic and Industry Forecasting. “With the supply of existing homes on the market still at extremely low levels, the new home market is an important source of housing supply. However, the pace of construction has slowed in recent months. MBA’s estimate of new home sales declined for the fifth consecutive month to 701,000 units, the slowest sales pace since May 2020.” Added Kan, “The average loan size increased to a new survey high of $436,576, and over half of applications were for loan amounts greater than $400,000. Higher rates and sales prices and larger loan sizes are eroding housing affordability and pricing some buyers out of the market.” The post Mortgage Applications for New Home Purchases Decreased 10.6% in April appeared first on RISMedia......»»

Category: realestateSource: rismedia8 hr. 53 min. ago Related News

Looking Ahead, Experts Parse ‘Overvalued’ and ‘At-Risk’ Markets

In some markets, the numbers are cartoonish. The city of Punta Gorda, Florida—a gulf coast suburb with a population of around 20,000 about an hour’s drive north of Fort Myers—saw home prices rise almost 30% between spring of 2021 and 2022, a third more than the national average. Three states saw average price appreciation top… The post Looking Ahead, Experts Parse ‘Overvalued’ and ‘At-Risk’ Markets appeared first on RISMedia. In some markets, the numbers are cartoonish. The city of Punta Gorda, Florida—a gulf coast suburb with a population of around 20,000 about an hour’s drive north of Fort Myers—saw home prices rise almost 30% between spring of 2021 and 2022, a third more than the national average. Three states saw average price appreciation top 25% earlier this year (Florida, Arizona and Utah) and three metros in California (San Diego, San Jose and San Francisco) saw home price growth outstrip median wages by more than six figures in raw dollar amounts. While experts and economists are still convinced that the current market is nothing like that which preceded the Great Recession, a pullback—small or significant—has long seemed inevitable. When that happens, there will almost certainly be some markets hit harder than others based on the degree prices have been inflated over economic fundamentals. Ken Johnson, a researcher and economist at Florida Atlantic University (FAU), helps lead a project that compares current home prices with a baseline appreciation relying on long-term historical trends, using a methodology intended to offer “practical usefulness” to consumers and real estate professionals. By this measure, 99 out of 100 markets surveyed were overvalued as of last month, with 13 metros seeing current home prices 50% above where they should be, and one city (Boise, Idaho) at 75% overvalued. While eventually, all regions should see their prices fall back to this level, whether that happens abruptly or not depends on fundamentals, and the specific conditions of that market. Eli Beracha, another researcher on the project and a professor at Florida Atlantic University, said in a statement that even at these ridiculous levels, a pull-back won’t mean homes losing a majority of their values, as was the case in 2008. “At the peak of the last housing cycle, we had an oversupply of housing units around the country,” Beracha said. “So when prices began to fall, there was nothing to catch them, and we witnessed a monumental crash. The current shortage of homes for sale will help put a floor under just how far prices can fall this time around.” Johnson said one way to predict which markets will struggle to absorb a downturn is looking at where there is minimal or no population growth alongside the housing price increase, singling out Memphis, Tennessee and Detroit, Michigan as examples of this dynamic. According to Zillow, Memphis home prices were up 22.7% in April. At the same time, the city actually suffered a net loss of households, according to a University of Tennessee analysis. Austin, Texas, with a staggering price appreciation of 40.8% by Zillow’s estimate, also grew in population by 2.3% between 2020 and 2021, according to census data. That might make the city—and others like it—more able to weather a downturn, with a thriving labor market and tighter inventory to bolster the real estate economy. Johnson said the tradeoff is unfortunately that housing will remain inaccessible longer in these areas, while regions that snap back to more reasonable prices will become more affordable in the near future. “Essentially, you have to pick your poison,” Johnson said. “Is it better for you to live in an area with major price declines so housing is more affordable again, or in an area with modest or very small price declines that keep homes out of reach for many middle-class Americans?” Two other analyses have tried to break down this concept of “overvalued” amid historically uninhibited price growth. California-based ATTOM Data Solutions published a list of “vulnerable” markets at the beginning of the year, and CoreLogic more recently identified downturn risk in about 400 home markets across the country, rating them from “very low” to “elevated.” That analysis also singled out markets as overvalued, with 65% of its selected meeting that criteria. Just because a market was overvalued did not automatically leave it at risk for a downturn, according to the researchers. According to CoreLogic, while Austin is overvalued, the risk from a downturn is very low. Conversely, Detroit was rated as “undervalued” based on the increase in local wages, but still at a medium risk for a downtown overall—again based on fundamentals. Another market that is not significantly overvalued according to FAU (7.69% price above long-term estimate), but is at risk of a downturn is Stamford, Connecticut in the New York suburbs. CoreLogic rated this city as a high risk for a downturn in the company’s analysis, and in its most recent Home Price Index, report warned that the area has more than a 70% probability of price decline in the next 12 months. Paul Ferreira, a team leader for RE/MAX with almost 2,000 homes sold in the area, told RISMedia earlier this year that he has been advising clients for several months to hold off on buying out of fear of a downturn. “If they can’t find the property, a lot of these people are starting to sit out the market,” he says, “And I think that’s starting to affect the market—people’s ability to persevere over all these crazy offers.” Sellers are looking at what their neighbors’ home sold for a few months ago and listing at unreasonably high prices, Ferreira explains—but are no longer getting offers at that level, at least not at certain price points. “I’m starting to see a chink in the armor,” he warns. Using local income levels as a barometer can be useful—as both the ATTOM and CoreLogic analyses did—but that metric is also growing more disconnected from the local housing market, according to Jordan Levine, vice president and chief economist for the California Association of REALTORS®. Speaking to RISMedia specifically about the ATTOM report, Levine warned that some of the issues showing up in these numbers would be less acute if remote workers and their incomes were accounted for, and that there aren’t as many “fundamental issues” as were seen in 2008. “That tends to exacerbate the kind of risk factors that show up in those numbers,” he added. The post Looking Ahead, Experts Parse ‘Overvalued’ and ‘At-Risk’ Markets appeared first on RISMedia......»»

Category: realestateSource: rismedia8 hr. 53 min. ago Related News