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Deals of the Day: Nov. 24

Silverstein Properties gets a new tenant at 120 Broadway, and Brookfield closes on a Fifth Avenue retail sale To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 24th, 2021

Putin Denounces Ukraine"s Use Of Turkish Drones In Erdogan Call

Putin Denounces Ukraine's Use Of Turkish Drones In Erdogan Call In a Friday phone call Russian President Vladimir Putin told his Turkish counterpart Tayyip Erdogan that Ukraine is using Turkish-made drones against pro-Russia separatists in the war-torn Donbass region. Putin put the Turkish leader on notice over the "destabilizing" activity of the continued drone transfers from Turkey to Ukraine. Putin further denounced the Turkish drone usage as "destructive" and "provocative" behavior on the part of Ukrainian authorities, citing specifically that Turkish-made Bayraktar drones have increasingly turned up in the conflict. Putin is reportedly also angry that the Turkey-to-Ukraine drone and weapons pipeline is still open and going strong, according to new reports. Bayraktar TB2 drone A spokesperson for Erdogan later confirmed that the drone issue was raised, but gave no further details. A follow-up statement from Turkish Foreign Minister Mevlut Cavusoglu, however, rejected the notion that Turkey can be held responsible for the Ukrainian military's deployment of Turkish-made drones. Further at issue is that recent drone sales from Turkey have been found to be much bigger than previously disclosed, outraging the Kremlin: Turkey has sold Ukraine significantly more of the armed drones that drew a rebuke from Russia than previously disclosed, with further deals in the pipeline, Bloomberg reported.  Baykar, an arms manufacturer based in Istanbul, has sold dozens of drones to Ukraine since 2019, together with control stations and missiles, according to several officials and an executive at a Turkish defense company with close government ties. Orders for at least two dozen more drones are under way, the people said, asking not to be named due to the sensitivity of the subject.  As Reuters reviews, Turkish drones have recently become featured in a flair-up of fighting: In October, Russia accused Ukraine of destabilizing the situation after government forces used a Bayraktar TB2 drone to strike a position controlled by Russian-backed separatists. Ukraine used the Bayraktar drone "for one tidy shot" at a gun system, and since then enemy soldiers are afraid of doing duty at such systems as they understand "how this could end," Ukraine's defense minister Oleksii Reznikov said on Friday. We noted in late October that Russia began intensely investigating recent reports of Turkish attack drones being deployed for the first time in Ukraine’s eight-year civil war. The Ukrainian Armed Forces (UAF) under the command of the Kiev government claimed that the drones were used at that time in combat against ethnic Russian rebels. #Ukraine tests Turkey-made Bayraktar TB2 attack drones in the Sea Breeze-2021 military exercises. The drones are armed with MAM-C guided munitions. pic.twitter.com/fYcRz9gdNJ — Ali Özkök (@Ozkok_A) June 30, 2021 And the now confirmed Turkish drone deployments mark a dramatic escalation in the smoldering war, as it marks the involvement of NATO member Turkey in the conflict. Up to now, the United States and other NATO states have been supplying lethal weaponry through Kiev to prosecute its war against the breakaway self-declared republics of Donetsk and Luhansk. Over the past year as reports started to surface, Moscow began suggesting it could sever all military level relations and cooperation with Turkey. Turkey, for example, relies on Russia for technical support for the S-400 anti-air missile defense systems supplied a couple years ago.  Tyler Durden Sat, 12/04/2021 - 23:00.....»»

Category: blogSource: zerohedge6 hr. 12 min. ago

I went to Burger King for the first time in 19 years — I can see why it"s losing out to McDonald"s

Burger King is rolling out plant-based and gourmet burgers to lure in more customers, but I didn't think it was enough to compete with its old rival. I went to a Burger King in Newcastle city center, and it was very quiet for a Saturday night.Grace Dean/Insider I went to Burger King for the first time since 2002. The chain's been rolling out plant-based and gourmet burgers to lure in more customers. The restaurant I went to was pretty quiet but the McDonald's just around the corner was heaving. I last went to Burger King on the way back from a family holiday in 2002, when the chain was giving out "Jimmy Neutron" toys.A photo of a Burger King in Federal Heights, Colorado, in 2001.Michael Smith/Getty ImagesMy parents didn't take me to fast-food chains often as a child, and as I got older, my friends preferred to go to McDonald's when they fancied something quick to eat or after a night out. This was because it was cheaper and there are more McDonald's restaurants in the UK.A McDonald's restaurant sign is seen at a McDonald's restaurant in Del Mar, CaliforniaThomson ReutersBut I went to Burger King in November to try out its plant-based Whopper, breaking my 19-year spell by visiting the chain for only the second time. Burger King unveiled a new logo earlier this year, but the restaurant I went to in Newcastle, northern England, hadn't updated its yet.I went to a Burger King in Newcastle city center.Grace Dean/InsiderSource: InsiderWhat I did notice, though, was the stripes around the bottom of the store windows, designed to look like its flagship Whopper burger.I went to a Burger King in Newcastle city centre.Grace Dean/InsiderI went at around 7 p.m. on a Saturday night. The McDonald's right round the corner was rammed full. But Burger King — arguably tucked slightly further away from Newcastle's main shopping and drinking areas — was very quiet.I went to a Burger King in Newcastle city center, and it was very quiet for a Saturday night.Grace Dean/InsiderA few people were sat down eating, but most seemed to be standing around waiting to collect their orders.Grace Dean/InsiderI did, however, see a few delivery drivers come in to collect orders.Grace Dean/InsiderBurger King was heavily promoting its vegan burgers in store, as well as its halloumi fries. Fast-food chains have been competing for a bigger share of the plant-based market, and McDonald's recently launched its McPlant in the UK.I tried Burger King's Plant-Based Whopper.Grace Dean/InsiderSource: Insider, InsiderThere was also a sign advertising its two new "gourmet" burgers, which the company rolled out in October. Its focus on plant-based and gourmet food suggested that it was trying to move away from its image as just another cheap fast-food joint.Grace Dean/InsiderSource: InsiderThough the burgers were more expensive than at McDonald's, one advantage Burger King did have was a Coca-Cola Freestyle machine with unlimited soft drinks. But I got my food to-go, so it seemed like I was paying for something I couldn't use.Grace Dean/InsiderYou could order at a cashier but the restaurant had a lot of digital kiosks, too.Burger King's digital kiosks.Grace Dean/InsiderSource: InsiderThe prices were considerably higher than for comparable meals at McDonald's. Like at other fast-food chains, I noticed that Burger King was encouraging customers to order its burgers as part of a meal with fries and a drink ...Burger King's digital kiosks.Grace Dean/Insider... or add extra toppings. I was surprised that adding bacon was a suggested customization for the plant-based Whopper.Burger King's digital kiosks.Grace Dean/InsiderSource: InsiderAs you'd expect from a fast-food chain, the service was really quick ...Grace Dean/Insider... but I looked around the restaurant while I waited. Despite the retro orange and brown color palette, the interior seemed quite modern.Grace Dean/InsiderBurger King started revamping some of its stores in 2021, and the Newcastle restaurant looked nothing like the mock-ups for its new design.Burger King is revamping its restaurants.Burger KingSource: InsiderThe redesigned restaurants will have a designated section for "walk up" orders ...Burger King is revamping its restaurants.Burger KingSource: Insider... as well as designated food lockers for customers who order on Burger King's app. More advance orders could have helped reduce congestion at the Newcastle store I went to, where people were standing around waiting for their orders to be ready.Burger KingSources: Insider, InsiderI liked how my burger came wrapped in paper, making it easier to eat on-the-go, unlike other fast-food companies that serve their take-out burgers in boxes.I tried Burger King's Plant-Based Whopper.Grace Dean/InsiderI'd never had a Whopper before. When it arrived, my plant-based Whopper was much larger than expected.I tried Burger King's Plant-Based Whopper.Grace Dean/InsiderThe burger came with lettuce, onion, ketchup, tomato, vegan mayo, and pickles. Its patty tasted a little more meaty and barbecuey than McDonald's vegan McPlant burger. The fries, however, disappointed me. While they were chunkier than the ones at McDonald's, the portion was smaller and they weren't as salty.I tried Burger King's Plant-Based Whopper.Grace Dean/InsiderSource: InsiderInterestingly, Burger King classes its meat-free Whopper as plant-based but not vegan. This is because, while the patty is plant-based, it's cooked on the same broiler as its meat namesake.I tried Burger King's Plant-Based Whopper.Grace Dean/InsiderSource: InsiderMcDonald's has around 1,300 restaurants in the UK, while Burger King has just over 500. Globally, McDonald's has close to 40,000 restaurants and Burger King has nearly 19,000.There are 20 McDonald's restaurants within a two-mile radius of Westminster.Grace Dean/InsiderSources: McDonald's, BBC, McDonald's, Restaurant Brands InternationalAnd none of the Burger King restaurants in Newcastle city center appeared to be open 24 hours. A staff member told me that the one I went to closes at 10 p.m. each day.A Burger King worker in Putrajaya, Malaysia.Faris Hadziq/SOPA Images/LightRocket via Getty ImagesMcDonald's, in comparison, has a lot of 24-hour restaurants in Newcastle. And in a city famed for its nightlife, this seems to make sense.McDonald's locations in Newcastle.Grace Dean/InsiderAt McDonald's, comparable total global sales were up 12.7% in the third quarter compared with 7.9% at Burger King, including a drop in the chain's comparable US sales.A Burger King in London.Dinendra Haria/SOPA Images/LightRocket via Getty ImagesSources: McDonald's, Restaurant Brands InternationalI was impressed by my plant-based Whopper, but how deserted the Newcastle restaurant was on a Saturday night shows how people are shunning the chain in favor of cheaper deals at McDonald's.Grace Dean/InsiderRead the original article on Business Insider.....»»

Category: topSource: businessinsider17 hr. 28 min. ago

An Alaska helicopter tour company says it"s seen a 250% surge in business compared to 2019 as an influx of tourists travel to the state

Alaska Helicopter Tours is no stranger to the labor shortage, and its biggest hurdle during the travel surge was hiring enough ground staff. Alaska Helicopter Tours glacier landing.Alaska Helicopter Tours Anchorage-based Alaska Helicopter Tours experienced a 250% boom in 2021 sales compared to 2019. Hiring enough ground staff was the company's biggest challenge during the surge in demand. The operator is expecting a strong 2022 season, with presales already doubling 2021. The pandemic wrecked the tourism industry in the northern-most US state of Alaska, but it's seeing a speedy recovery with one tourism company more than doubling its 2019 sales this year.Anchorage-based Alaska Helicopter Tours is a flightseeing company that flies adventurous customers across the beautiful state, offering aerial views of places like Denali National Park, as well as glacier hiking and dogsled tours. Like many other companies across the country, the operator was a victim of the coronavirus pandemic, having temporarily lost its allowance to serve tourists. However, it was fortunate to be able to operate as an essential service flying for the local electric company on behalf of its parent organization, Alpha Aviation.Following strict health and safety protocols as a utility service, Alaska Helicopter Tours was granted a waiver at the end of March 2020 by the state's Congress to offer flight tours to local Alaskans. According to the company's Director of Operations, Jennifer Hanks, who was born and raised in the state, the service helped keep the business going."We could offer something for locals to do to get out of their house," Hanks told Insider. "We were one of the first companies to be up and running and it was really nice to be able to open our doors to local Alaskans."While the company was able to continue business during the pandemic, which was a rarity for tourism operators, it did not expect a huge travel surge in 2021. But, by January, it was clear Alaska Helicopter Tours was in for a big year."We thought it was going to be pandemic style with not many employees and not many helicopters on the tourism side, but we ended up having the craziest, busiest year ever," Hanks told Insider. "2019 was our busiest season and we are already two and half times over that in sales for 2021. And, for 2022, our presales are already double what they were this year."Hanks explained that the surge comes from people desperate for a vacation and finally being able to travel again. She said a chunk of their guests were big families, and she believes that the airlines offering deals on flights helped people visit the state at a lower cost.With the spike in sales came challenges, including finding enough labor and resources to meet demand. Before the pandemic, the company operated a fleet of three helicopters, including two Robinson R44s and one A-Star Helicopter, but had to add one more of each to handle the surge. The company also plans to grow the fleet event more due to the booming 2022 presales.Alaska Helicopter Tours Robinson R44.Alaska Helicopter ToursThough the company's business is growing, Alaska Helicopter Tours is no stranger to the labor shortage. Hanks told Insider that the company's biggest hurdle during the surge was hiring ground staff."Just like everywhere in the US, we could not find people because the hiring pool was very small and a lot of people were on unemployment," she explained. "A lot of Alaska's employees are also J1 [international] students, but they couldn't enter the US, so we did a lot of local advertising and got set up on Indeed."According to Hanks, finding pilots was not an issue because having "Alaska time" for flight is a big benefit for their resumes.Going into 2022, Alaska Helicopter Tours is cautious about the new COVID-19 Omicron variant, but it still expects a strong season."Realistically, the 2022 sales will be about 30% above what we did this year," Hanks told Insider.Read the original article on Business Insider.....»»

Category: topSource: businessinsider17 hr. 28 min. ago

The 13 best places to buy furniture online, for every style and every budget

Whether you need a sturdy sofa or elegant dining table, here are the best furniture stores for all styles and budgets. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Pottery Barn Plenty of furniture stores offer online shopping. With so many options, we rounded up a list of the best furniture stores for a range of shoppers. Some of our picks include Pottery Barn, Wayfair, Ballard Designs, One Kings Lane, and more. Shopping for furniture can be difficult. With possible shipping delays, shortages, and other factors, it's not always easy to find furniture you love. Whether you're looking for a couch or desk, you'll find lots of options at well-known furniture stores like Pottery Barn or Crate & Barrel. But there are also some other stores you may be less familiar with. One Kings Lane, AllModern, and Kaiyo are all great options for furniture stores that you might not think of right away.Here are the best furniture stores in 2021Target Urban OutfittersWayfair Grandin RoadWorld MarketAllModernKaiyoOne Kings LanePottery BarnCrate & BarrelBallard DesignsDear Keaton Serena and LilyTargetTargetTypical price range: $100 to $5,000Best for: Affordable furnitureDesign service: NoShipping costs: Free for orders over $35Experiencing shipping delays: Shipping delays reportedAverage shipping time: 3 to 5 business daysWhite glove delivery: Yes, $40 up to $200 depending on weightIn-store pickup: YesReturn policy: Return within 90 daysRestocking/return fees: NoneFinancing options: Affirm, Sezzle, PayPalShop furniture at Target.Target is the one-stop-shop for everything you need from groceries to household items. The retail giant has affordable prices in most categories of items sold, including furniture. Target often does furniture and home decor collaborations with Jungalow, Studio McGee, and Magnolia offering some of the trendiest and stylish designs for your home. Target has a solid selection of seating, side tables, dining tables, desks, and more. Although Target doesn't have design services, if you shop from the collaborations, you'll be able to find furniture and home decor that match, as well as style idea posts for more inspiration. Plus, if you need to return furniture or don't want to deal with shipping fees, Target has in-store pick up and returns for furniture items. Worth looking at:Opalhouse designed with Jungalow Siena Upholstered Anywhere Chair$220.00 FROM TARGETThreshold designed with Studio McGee Thousand Oaks Wood Scalloped TV Stand$400.00 FROM TARGETProject 62 Astrid Mid-Century Round Dining Table with Fixed Top$250.00 FROM TARGETUrban OutfittersUrban OutfittersTypical price range: $150 to $2,300Best for: Young adults, college studentsDesign service: NoShipping costs: $100 flat rateExperiencing shipping delays: Possible shipping delays reportedAverage shipping time: 2 to 4 weeksWhite glove delivery: NoIn-store pickup: YesReturn policy: Return within 30 days, cannot return items in-storeRestocking/return fees: NoneFinancing options: AfterPayShop furniture at Urban Outfitters.Urban Outfitters is better known as a trendy clothing retailer for teens and young adults. However, the company has a lesser-known online furniture collection that is mid-priced and offers a huge selection of stylish furniture. Whether you're furnishing a dorm, apartment, or new house, the furniture collection at Urban Outfitters has a variety of furniture for every room in your home. From art deco to boho chic, there are many pieces of unique furniture for under $1,000 at Urban Outfitters. Worth looking at:Urban Outfitters Castella Chair$499.00 FROM URBAN OUTFITTERSUrban Outfitters Isobel Storage Console$729.00 FROM URBAN OUTFITTERSUrban Outfitters Ophelia Side Table$159.00 FROM URBAN OUTFITTERSWayfairWayfairTypical price range: $150 to $10,000+Best for: College students, furnishing a new houseDesign services: NoShipping costs: $5 for orders un $35, free shipping over $35Experiencing shipping delays: Possible delays on bigger furniture itemsAverage shipping time: 8 business daysIn-store pickup: Online only White glove delivery: Yes, price varies by furniture sizeReturn policy: Return within 30 days Restocking/return fees: Return fee will be deducted from refund and depends on where you liveFinancing options: Affirm, Citizens Pay, Fortiva Retail Credit, Acima, KatapultShop furniture at Wayfair.Wayfair is an affordable way to shop for furniture online and have it delivered to your doorstep. Prices for furniture vary by size, but in general Wayfair has a massive selection of furniture to choose from that won't break the bank. Since Wayfair doesn't manufacture furniture itself, it sells furniture from tons of different suppliers. Although Wayfair vets its suppliers, the quality of furniture can vary, so it's important to do your research and read reviews on items you're considering. A lot of the furniture comes disassembled, so you will likely need to do some light labor to get certain furniture items put together. Furniture that needs assembly comes with hardware so you don't need to worry about screws and bolts.Wayfair is ideal for younger people like college students who can't afford expensive items but still want good quality furniture. Worth looking at:Andover Mills Newt Low Profile Platform Bed$225.99 FROM WAYFAIRGeorge Oliver Bryoni 3 Legs End Table$81.99 FROM WAYFAIREtta Avenue Bram 4 - Person Dining Set$509.99 FROM WAYFAIROriginally $599.99 | Save 15%Grandin RoadGrandin RoadTypical price range: $150 to $2,000Best for: Dining room and living room seating, seasonal decorDesign service: NoShipping costs: $10 to $80 or 8% of the total purchase for orders $1,000 and overExperiencing shipping delays: No shipping delays reportedAverage shipping time: 3 to 7 business daysWhite glove delivery: Yes, minimum $199 feeIn-store pickup: NoReturn policy: Return within 90 daysRestocking/return fees: Shipping will not be refunded, return fee of $100 or 10% of the purchase price for white-glove delivered returnsFinancing options: Only with a Grandin Road credit cardShop furniture at Grandin Road.Grandin Road is well-known for having a solid selection of seasonal and holiday home decor, but the company also sells quality, affordable indoor and outdoor furniture.If you've been on the hunt for seating, especially dining or living room chairs, then Grandin Road is the place for you. You can find many different styles, with many options for under $400. Grandin Road doesn't have a huge selection of sofas, but it does offer many choices for chairs, bar stools, ottomans, and benches. You should take a look at the sale section of Grandin Road as it's usually well-stocked with good furniture deals. Worth looking at:Grandin Road Julien Bar & Counter Stool$109.00 FROM GRANDIN ROADGrandin Road Valencia Side Chair, Set of Two$269.10 FROM GRANDIN ROADGrandin Road Phoebe Swivel Chair (Velvet)$404.10 FROM GRANDIN ROADWorld MarketWorld MarketTypical price range: $200 to $3,000Best for: Accent furniture, mid century modern furniture Design service: NoShipping costs: $5 to $60, 10% of purchase price for orders over $600Experiencing shipping delays: None reportedAverage shipping time: 7 to 14 business daysWhite glove delivery: NoIn-store pickup: YesReturn policy: Return within 30 days Restocking/return fees: Shipping non-refundable Financing options: AfterPayShop furniture at World Market.World Market not only has some of the best home decor at affordable prices, but the retail giant also sells an impressive selection of chic and trendy furniture as well. Prices of the furniture pieces vary, but in general, the items are budget-friendly. One of World Market's best categories for furniture are its selection of accent and task chairs for your bedroom or living room. The chairs come in all sorts of styles, colors, and materials. If you've been in the market for an accent chair, World Market is the place to go. Other great selections of furniture at World Market include its mid-century modern collection or farmhouse collection.Worth looking at:World Market Tyley Upholstered Chair$249.99 FROM WORLD MARKETWorld Market Wide Natural Rattan Nylah Bookshelf$279.99 FROM WORLD MARKETWorld Market Wood and Metal Multi Level Coffee Table$279.99 FROM WORLD MARKETAllModernAllModernTypical price range: $200 to $8,600Best for: Modern, mid-century modern furniture Design service: NoShipping costs: Free for order $35 and overExperiencing shipping delays: None reportedAverage shipping time: 1 to 2 weeks, each item lists estimated delivery time, larger items may take longerWhite glove delivery: Yes, $120In-store pickup: NoReturn policy: Within 30 daysRestocking/return fees: Must pay for your own shippingFinancing options: Affirm, Citizens Pay, Fortiva Retail Credit, Acima, KatapultShop furniture at AllModern.AllModern is an affordable furniture company that is operated by its parent company, Wayfair. Although owned by Wayfair, AllModern has a more curated selection. Minimalist, modern farmhouse, mid-century modern, and Scandinavian are just a few of the styles of furniture that AllModern carries. AllModern offers convenience and affordability, with free shipping over $35.There have not been any reports of delayed shipping, likely due to the fact that each item shows an estimated delivery time before you even put it in your cart. This transparency will give you an idea of when you can expect an item to arrive. Due to the site's popularity, items can quickly go out of stock. Worth looking at:AllModern Kaitlin 89'' Sofa$1180.00 FROM ALLMODERNOriginally $1497.00 | Save 21%AllModern Boynton Bed$535.00 FROM ALLMODERNOriginally $918.00 | Save 42%AllModern Aramis Writing Desk$280.00 FROM ALLMODERNKaiyoKaiyoTypical price range: $200 to $10,000+Best for: Pre-loved furniture, vintage furnitureDesign service: NoShipping costs: $149 and up Experiencing shipping delays: No shipping delays reportedAverage shipping time: 2 to 6 weeks White glove delivery: Only for those who live in New York, New Jersey, Connecticut, or PennsylvaniaIn-store pickup: Warehouse pick up in North Bergen, New Jersey or Hyattsville, MarylandReturn policy: Must inspect item when it arrives and you can reject the delivery for a returnRestocking/return fees: $40 return fee if item is rejected through shipping, $20 return fee from warehouse pick up Financing options: NoneShop furniture at Kaiyo.For those looking for an environmentally friendly way to shop or sell furniture, Kaiyo is an excellent option. The furniture retailer will review, inspect, and clean incoming used furniture to sell online. You can order for delivery or pick up in one of the warehouses in New Jersey or Maryland. Since Kaiyo sources all kinds of furniture, you can find a range of brands and styles. We saw Ballard Designs, Pottery Barn, West Elm, and hundreds of other high-quality furniture manufacturers. Besides keeping furniture out of landfills, one of the best perks is that you can get items that are gently used for discounted prices. One thing to note is that shipping can get expensive if you don't live in the New York City metropolitan area. To ship a $400 table to Seattle, it would have been $600 just for shipping. Worth looking at:Ballard Designs Tailored Storage Ottoman$227.00 FROM KAIYOOriginally $799.00 | Save 72%Emmerson Reclaimed Wood Dining Table$619.00 FROM KAIYO$1099.00 FROM WEST ELMArticle Burrard Loveseat$745.00 FROM KAIYOOriginally $1299.00 | Save 43%One Kings LaneOne Kings LaneTypical price range: $300 to $10,000+Best for: High-end eclectic and modern furniture Design services: Yes, $295 to $995Shipping costs: Free unless order is big or bulky. Orders $300 to $3,000 cost 10% of purchase, orders over $3,000 cost 5% of the purchase priceExperiencing shipping delays: Listings have estimated shipping times which are several months outAverage shipping time: Several weeks to months depending on itemWhite glove delivery: Yes, $249-$349In-store pickup: NoReturn policy: Returnable within 30 days of purchase or deliveryRestocking/return fees: 15% return fee and $300 return fee for white-glove delivered itemsFinancing options: NoneShop furniture at One Kings Lane.One Kings Lane is an excellent choice for luxury furniture. Although at the top tier of our pricing guide, One Kings Lane has beautiful, eye-catching furniture in a variety of styles. We even found a good amount of pieces below $1,000, though many are above. Looking for vintage and eclectic furniture? One Kings Lane has a solid selection of one-of-a-kind furniture and designs. For more modern furniture, you can likely find the style you're looking for as well. The high-end furniture store only sells online with an appointment-only showroom in New York. Something to note is that it may be hard to judge colors and materials with the only option to order online. Worth looking at:One Kings Lane Larkspur Console$1395.00 FROM ONE KINGS LANEOne Kings Lane Capri Sofa$2795.00 FROM ONE KINGS LANEOne Kings Lane Capello Dresser$429.50 FROM ONE KINGS LANE Originally $575.00 | Save 25%Pottery BarnPottery BarnTypical price range: $300 to $10,000+Best for: Living room seating, kids furniture, those with sustainability in mind Design services: Yes, freeShipping costs: 10% of the total cost of purchases $200 and over, surcharge may be added for bigger items Experiencing shipping delays: Some customers are experiencing delays with furniture Average shipping time: 7 to 10 business daysWhite glove delivery: Yes, $149-$249 In-store pickup: YesReturn policy: Return within 30 days of receiving or purchasing an item, custom furniture is non-returnableRestocking/return fees: NoneFinancing options: Affirm, Key Rewards credit cardShop furniture at Pottery Barn.Pottery Barn is another staple furniture store that offers in-store and online shopping for high-quality pieces. While Pottery Barn is still on the more expensive end of the price spectrum, it has a lot of solid pieces of furniture for under $1,000. Pottery Barn is known for having exceptional seating, including couches, chairs, and loveseats. While it won't be the cheapest place to buy a couch, it's less expensive than some of the other furniture competitors. Plus, Pottery Barn tags furniture that is Fair Trade or sustainably sourced for the environmentally conscious shoppers.In addition to the huge selection of modern furniture featured at Pottery Barn, Pottery Barn Kids is one of the best places to shop for children and teens' rooms. PB Kids has cute decor as well. With services like free interior designing and white glove delivery, Pottery Barn is one of the best places to shop for furniture. Worth looking at:Pottery Barn Edison Daybed Sleeper$599.00 FROM POTTERY BARNPottery Barn Garby Metal Nightstand, Set of 2$299.00 FROM POTTERY BARNPottery Barn Kids Sloan Bookrack$249.00 FROM POTTERY BARN KIDSCrate & BarrelCrate & BarrelTypical price range: $300 to $10,000+Best for: customizable furniture, those looking for a variety of materials to choose from Design services: Yes, freeShipping costs: Orders $220 or more will cost 10% of the total furniture price for standard shippingExperiencing shipping delays: Delays for custom and non-custom furnitureAverage shipping time: 3 to 5 business days without delaysWhite glove delivery: Yes, $79 to $299In-store pickup: YesReturn policy: Must contact Crate & Barrel within 7 days of purchase or delivery and the furniture must be returned within 30 days in-store. No returns for custom furniture. Restocking/return fees: Financing options: Only with a Crate & Barrel credit cardShop furniture at Crate & Barrel.Crate & Barrel is one of the most well-known furniture stores in the US. The high-end furniture store offers a huge selection of furniture from rugs to sectionals. Crate & Barrel has an impressive selection of custom furniture. You can choose from a library of materials, colors, and fabrics, making it a great place to shop for custom furniture.Quality furniture comes with a high price tag, and Crate & Barrel is no exception. While you can usually find home decor and kitchenware for under $100, you'll be hard pressed to find any furniture in the lower hundreds. If you have a larger budget for furniture, Crate & Barrel is an excellent place to start designing a space. There are free design services offered, and you can book a one-on-one appointment with a Crate & Barrel Design Pro. If you're looking to furnish a space, be sure to take into account current shipping delays with furniture, especially custom pieces. Worth looking at:Crate & Barrel Miro Glass Coffee Table with Black Wood Base$499.00 FROM CRATE & BARRELCrate & Barrel Wells Sofa with Natural Leg Finish$1599.00 FROM CRATE & BARRELCrate & Barrel Libby Accent Chair$499.00 FROM CRATE & BARRELBallard DesignsBallard DesignsTypical price range: $500 to $10,000+Best for: European-style furniture, solid wood materials Design service: Yes, freeShipping costs: $200 and under will be 15% of the purchase, orders over $200 will be 10% of the purchaseExperiencing shipping delays: Delays have been reportedAverage shipping time: 3 to 7 business daysWhite glove delivery: Yes, $35In-store pickup: NoReturn policy: Return or exchange within 90 daysRestocking/return fees: Depending on the size returns are free or a $9 shipping feeFinancing options: Only through the Ballard Designs credit cardShop furniture at Ballard Designs.Ballard Designs has a huge selection of high-end furniture that will transport you to the French countryside. The European-inspired furniture company is known for its eclectic and unique collections with pieces made of quality materials including solid wood. This kind of furniture comes with a high price tag, but Ballard Designs offers a variety of services to make it worth your money and time. With complimentary design services, you can work with an interior designer to get the style you want for any room in your home. There have been consistent shipping delays, so be sure to look at stock shipping estimates before you check out. Ballard Designs also has a generous return policy of 90 days. Worth looking at:Ballard Designs Brunello Dining Table$1439.10 FROM BALLARD DESIGNSOriginally $1599.00 | Save 10%Ballard Designs Grace 2 Drawer Open Shelf Side Table$639.20 FROM BALLARD DESIGNSOriginally $799.00 | Save 20%Ballard Designs Montrose Live Edge Bar with Stools$1793.99 FROM BALLARD DESIGNSOriginally $3499.00 | Save 49%Dear KeatonDear KeatonTypical price range: $800 to $6,600Best for: Resort-style, globally inspired furnitureDesign service: NoShipping costs: $9 to $25, or 10% of the purchase for orders over $250Experiencing shipping delays: None reportedAverage shipping time: 2 to 4 weeks, white-glove delivery 4 to 6 weeksWhite glove delivery: YesIn-store pickup: NoReturn policy: Return within 14 daysRestocking/return fees: 20% restocking feeFinancing options: NoneShop furniture at Dear Keaton.Dear Keaton is branded as a "resort-living" furniture retailer, and the furniture pieces will remind you of sand, surf, and tropical weather. Wicker and rattan are common materials. In addition to indoor furniture, Dear Keaton sells a solid selection of outdoor furniture to match your indoor look. The home decor section is also full of chic accessories and accent pieces for your relaxed resort style.Dear Keaton is on the higher end of the price spectrum, and most of the larger furniture pieces have an additional fee for shipping and handling. Worth looking at:Dear Keaton Sadara Club Chair$1496.00 FROM DEAR KEATONDear Keaton Castara Cane Bed$1299.00 FROM DEAR KEATONDear Keaton Chatham Dining Table$2792.00 FROM DEAR KEATONSerena & LilySerena and LilyTypical price range: $800 to $10,000+Best for: Coastal, light and bright-colored furniture Design service: Yes, freeShipping costs: $10 to $229 or 6% of the total purchase if the order is over $4,000Experiencing shipping delays: Delays have been reported around the holidaysAverage shipping time: 7 to 10 businesses days, 2 to 4 weeks for white glove deliveryWhite glove delivery: Yes, price varies In-store pickup: NoReturn policy: Return within 30 days of deliveryRestocking/return fees: $15 return shipping fee, white-glove delivered items will be charged a 15% return feeFinancing options: AffirmShop furniture at Serena & Lily.Serena & Lily is a luxury online furniture store that features coastal pieces for your home. Blue, white, light grey, and wood or natural colors are prominent tones. A mix of nautical and boho-chic styles, the furniture retailer specializes in everything from bed frames to dining tables. If you're not sure what you're looking for, Serena & Lily has complimentary design services to help guide you through furnishing or decorating your home. Serena & Lily notes on its website that, especially around the holidays, customers should expect shipping times to be longer than usual. Worth looking at:Serena & Lily Del Rey Bed (Queen)$2998.00 FROM SERENA & LILYSerena & Lily Driftway Console$1798.00 FROM SERENA & LILYOriginally $2298.00 | Save 22%Serena & Lily Sunwashed Riviera Dining Chair$248.00 FROM SERENA & LILYOriginally $298.00 | Save 17%Other great furniture guides to check outCrate & BarrelBest bed framesBest couches and sofasBest end tableBest desksBest online interior design serviceRead the original article on Business Insider.....»»

Category: smallbizSource: nytDec 3rd, 2021

Ollie"s Bargain (OLLI) Q3 Earnings & Sales Miss, Comps Down

Ollie's Bargain's (OLLI) third-quarter performance reflects tough year-over-year comparison and supply chain bottlenecks. Supply chain bottlenecks hurt Ollie's Bargain Outlet Holdings, Inc.’s OLLI third-quarter fiscal 2021 performance. The company reported lower-than-expected results, wherein both the top and the bottom lines decreased year over year. This Harrisburg, PA-based company also continued with its dismal comparable store sales run.As a result, shares of this Rank #3 (Hold) company plummeted 19.4% during the after-market trading session on Dec 2. The stock has fallen 12.4% in the past three months compared with the industry’s decline of 9.4%.Here’s How the Top & the Bottom Lines FaredOllie's Bargain posted adjusted earnings of 34 cents a share that fell short of the Zacks Consensus Estimate of 47 cents, thus marking the second straight miss. The bottom line declined significantly from 65 cents reported in the year-ago quarter. This year-over-year decrease was due to lower net sales and higher SG&A expenses.Net sales fell 7.5% year over year to $383.5 million, and missed the consensus mark of $410.1 million for the second successive quarter. Soft comparable store sales performance hurt the metric. However, this was partly offset by new store unit growth.Comparable store sales slid 15.5% against an increase of 15.3% in the prior-year period. Comparable store sales fell 1.3% compared with third-quarter fiscal 2019. Fourth-quarter to date, comparable store sales are tracking down low single digits compared with the same period in fiscal 2019.Management highlighted that supply chain related headwinds, including shipping delays of imported seasonal and other products, and subsequent backlogs in its distribution centers resulted in lower-than-anticipated sales results.Nonetheless, John Swygert, president and CEO said, “Despite the near-term challenges, longer term, we remain bullish on the growth opportunities that lie ahead for several reasons. First, we are seeing incredible deals being presented to us each and every day and we expect to continue to capitalize on market disruptions, including order cancellations and abandoned goods associated with import shipping delays. Second, we have made meaningful progress in driving improved efficiencies and increased throughput across our distribution centers. Third, we continue to deliver extreme value to our customers, which is particularly important in inflationary times.”Ollie's Bargain Outlet Holdings, Inc. Price, Consensus and EPS Surprise Ollie's Bargain Outlet Holdings, Inc. price-consensus-eps-surprise-chart | Ollie's Bargain Outlet Holdings, Inc. QuoteA Look into MarginsGross profit declined 11% to $152.6 million during the quarter under review. Gross margin shrunk 160 basis points to 39.8% primarily due to rise in supply chain costs, higher import and trucking costs, and increased wage rates in the distribution centers. These were partly offset by 120 basis points increase in merchandise margin.SG&A expenses rose 7.8% to $114 million from the prior-year quarter’s levels owing to increased selling expenses associated with 41 net additional stores and higher wage rates in select markets. As a percentage of net sales, SG&A expenses increased 420 basis points to 29.7% due to deleveraging as a result of lower sales.Adjusted operating income plunged 48.3% to $29.9 million, while adjusted operating margin shriveled 610 basis points to 7.8% primarily due to contraction in gross margin and the deleveraging of SG&A expenses stemming from lower sales.Adjusted EBITDA decreased 41.9% to $37.9 million during the quarter under review. Adjusted EBITDA margin contracted 590 basis points to 9.9%.Store UpdateDuring the third quarter, Ollie’s Bargain opened 18 new stores, bringing the total count to 426 stores in 29 states at the end of the period. This reflected an increase of 10.6% in store count on a year-over-year basis.Other Financial AspectsOllie’s Bargain ended the quarter with cash and cash equivalents of $229.7 million (as of Oct 30, 2021). The company had no borrowings outstanding under its $100 million revolving credit facility and $86.4 million of availability under the facility, as of the end of third-quarter fiscal 2021.As of Oct 30, 2021, its total borrowings (consisting solely of finance lease obligations) were $1.1 million. Inventories, as of the end of the third quarter, increased 19.5% to $471.8 million. The company incurred capital expenditures of $11.9 million during the quarter, primarily for new and existing stores.During the third quarter, the company invested nearly $164.7 million in cash to repurchase 2,249,329 shares. At the end of the third quarter, the company had $33,000 worth shares remaining under its current repurchase program, which expires on Jan 13, 2023. This November, the company’s board of directors authorized an additional $200 million to repurchase stock.OutlookManagement envisions fiscal 2021 total net sales between $1.762 billion and $1.772 billion, down from $1.809 billion reported in fiscal 2020. Ollie’s Bargain anticipates comparable store sales to increase in the band of 3.5-4% as compared with fiscal 2019. However, fourth-quarter comparable store sales are expected to be flat to down 2% compared with fiscal 2019.Ollie’s Bargain now envisions a gross margin rate of approximately 38.6% to 38.8%, down from the prior-view of 39.4% to 39.5% owing to higher-than-expected inbound transportation costs. The company had reported a gross margin of 40% in the last fiscal year. The company guided fiscal 2021 adjusted earnings in the range of $2.30 to $2.35 per share, down from adjusted earnings of $3.16 reported last fiscal.3 Hot Stocks to ConsiderSome better-ranked stocks include United Natural Foods UNFI, MGP Ingredients MGPI and Target TGT.United Natural Foods, which distributes natural, organic, specialty, produce, and conventional grocery and non-food products, flaunts a Zacks Rank #1 (Strong Buy). UNFI has a trailing four-quarter earnings surprise of 13.1%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for United Natural Foods’ current financial year sales and earnings per share (EPS) suggests growth of 4.1% and 5.2%, respectively, from the year-ago period.MGP Ingredients (MGPI), a leading producer of premium distilled spirits, branded spirits, and food ingredient solutions, sports a Zacks Rank #1. MGPI has a trailing four-quarter earnings surprise of 117.6%, on average.The Zacks Consensus Estimate for MGP Ingredients’ current financial year sales and EPS suggests growth of 55.5% and 61.4%, respectively, from the year-ago period.Target, a general merchandise retailer, carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 19.7%, on average.The Zacks Consensus Estimate for Target’s current financial year sales and EPS suggests growth of 14.3% and 39.9%, respectively, from the year-ago period. TGT has an expected EPS growth rate of 14.4% for three-five years. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report United Natural Foods, Inc. (UNFI): Free Stock Analysis Report Ollie's Bargain Outlet Holdings, Inc. (OLLI): Free Stock Analysis Report MGP Ingredients, Inc. (MGPI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

MoneyGram (MGI) Boosts Middle East Network With urpay Deal

MoneyGram's (MGI) partnership with urpay is expected to come online in the beginning of the next year. MoneyGram International, Inc. MGI recently announced that it is expanding its cross-border money transfer business by joining forces with Saudi Arabia's urpay. The move is expected to boost MoneyGram’s presence in the Middle East region.Users of urpay, a digital wallet from financial global digital solutions company neoleap, based in Saudi Arabia, will be able to utilize MoneyGram’s massive network to send money. The deal brings in millions of urpay users under MoneyGram’s radar, thus boosting its international exposure. The partnership is anticipated to come online in the beginning of the next year.The latest deal marks another win for MoneyGram’s API-driven infrastructure and worldwide network. Through this partnership, MGI, a leader in digital peer-to-peer payment evolution, is expected to capitalize on a massive remittance services market in the Middle East. More new deals in neighbouring countries can be expected from the company in the near future, further boosting its footprint in Asia. This positions the company for long-term growth.MoneyGram’s total received digital transactions though the MoneyGram platform hit an all-time high in third quarter 2021, reflecting growth of 63% from the prior-year period. The latest deal with urpay is likely to stimulate the growth momentum. Given the stiff competition prevalent in the U.S market, the company’s focus on diversifying its revenue mix geographically to align with the global remittance market growth rate bodes well. Last month, it announced that it is expanding its mobile wallet network in Asia by joining forces with Bangladesh's mobile financial service provider, bKash. The deal was expected to bring in more than 55 million bKash users under MoneyGram’s radar.CompetitionMoneyGram is facing steep competition from peers like The Western Union Company WU, which joined forces with Cebuana Lhuillier in a bid to expand digital money transfer services across the Philippines, early-September. Western Union is rapidly investing in its digital platform to stay ahead in the fast-changing remittance market. The company anticipates constant currency revenue growth of around 3-4% for 2021 against a 3% decline in 2020. WU expects the operating margin to remain at 21.5% for this year, compared with 20.8% in 2020.The remittance space is witnessing movements from fintech players like PayPal Holdings, Inc. PYPL. PayPal offers domestic and international person-to-person payment facilities with the help of PayPal and Xoom products. The company continues to gain solid traction in the global online payment market. In the Asia-Pacific region, PYPL is expanding its presence via its growing operations in Australia, Philippines and other countries. It enables customers to send payments in more than 200 markets globally. For 2021, PayPal anticipates revenues between $25.3 billion and $25.4 billion, indicating growth of 18% at current spot rates and 17% on a currency-neutral basis. Net new active accounts are expected to be 55 million in 2021.Price PerformanceMoneyGram’s shares have risen 17.7% in the past month against the 7.5% decline of the industry.Image Source: Zacks Investment ResearchZacks Rank & Another Key PickMoneyGram currently sports a Zacks Rank #1 (Strong Buy). Another top-ranked player in the Finance space include Alerus Financial Corporation ALRS, which sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Based in Grand Forks, ND, Alerus Financial provides numerous financial services to clients. Its financial strength is reflected by massive total assets of $3.2 billion at the third quarter-end, which increased 5.4% for the first nine months of 2021. Rising investment securities are likely to keep boosting the company’s asset position in the coming quarters.Alerus Financial’s bottom line for 2021 is expected to jump 11.5% year over year to $2.81 per share. It has witnessed three upward estimate revisions in the past 60 days and no movement in the opposite direction. ALRS beat earnings estimates thrice in the past four quarters and missed once, the average surprise being 23.6%. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MoneyGram International Inc. (MGI): Free Stock Analysis Report The Western Union Company (WU): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Alerus Financial (ALRS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

Smartsheet (SMAR) Q3 Loss Narrower Than Estimates, Revenues Top

Smartsheet's (SMAR) third-quarter fiscal 2022 results reflect continued momentum in subscription revenues and an expanding subscriber base. Smartsheet SMAR reported third-quarter fiscal 2022 non-GAAP loss of 3 cents per share, narrower than the Zacks Consensus Estimate of a loss of 11 cents as well as the year-ago quarter’s loss of 12 cents.Revenues surged 46% year over year to $144.6 million and surpassed the Zacks Consensus Estimate by 0.6%. The upside was driven by an increasing number of large deals and momentum in bookings growth.Subscription revenues (92% of total revenues) increased 46% year over year to $132.6 million. Professional services (8% of total revenues) revenues rose 50% year over year to $12 million.Calculated billings in the reported quarter jumped 44% year over year to $161.6 million. Quarterly, semi-annual and multi-year billings represented about 4% of total billings reported in the quarter.Following the earnings announcement, shares of Smartsheet jumped 16.5% in the premarket trading on Dec 3. In the past year, shares have declined 0.6% compared with the industry’s decline of 22%.Smartsheet Price, Consensus and EPS Surprise  Smartsheet price-consensus-eps-surprise-chart | Smartsheet Quote User Base Increases Y/YSmartsheet ended the reported quarter with more than 9.5 million users and annual recurring revenues (ARR) growing 10% sequentially.In the quarter under review, the number of customers with annualized contract value (ACV) of $5,000 or higher increased 27% year over year to 14,228.The number of customers with ACV of $50,000 or higher surged 56% year over year to 2,078. The number of customers with ACV of $100,000 or higher soared 72% year over year to 868.Smartsheet’s net dollar retention rate was 131% in the reported quarter. The company’s average ACV per domain-based customer increased 37% year over year to $6,368.Operating DetailsGross margin on a non-GAAP basis expanded 300 basis points (bps) to 82% on a year-over-year basis. Subscription gross margin was 88%, expanded 500 bps year over year. Professional services margin was 16% compared with 29% reported earlier.Total operating expenses surged 36.1% year over year to $151.2 million.Non-GAAP operating loss was $2.7 million, narrower than the year-ago quarter’s loss of $15 million.Balance Sheet & Cash FlowAs of Oct 31, 2021, Smartsheet’s cash & cash equivalents were $440 million.Net free cash outflow was $6.3 million compared with net free cash outflow of $3.5 million in the previous quarter.GuidanceFor fourth-quarter fiscal 2022, Smartsheet expects revenues between $151 million and $152 million. This indicates growth of 37-38% from the year-ago quarter’s reported figure.The company expects calculated billings between $204 million and $205 million, indicating year-over-year growth of 35-36%.Non-GAAP operating loss is expected between $18 million and $20 million, while non-GAAP net loss is anticipated to be 14-16 cents per share.For fiscal 2022, Smartsheet now anticipates revenues between $544 million and $545 million, which indicates growth of 41% from the prior fiscal year. Earlier, Smartsheet projected revenues between $530 million and $533 million, indicating growth of 37-38% from the year ago period.Calculated billings for the current fiscal year are expected between $641 million and $642 million.The company now expects a non-GAAP operating loss of $38-$40 million.Non-GAAP net loss is now anticipated between 30 cents and 32 cents per share. Earlier, non-GAAP net loss was projected between 36 cents and 44 cents per share.Zacks Rank and Stock to ConsiderSmartsheet currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks worth considering in the broader technology space are Arrow Electronics ARW, Alphabet GOOGL and Monolithic Power Systems MPWR.While Alphabet and Arrow Electronics sport a Zacks Rank #1 (Strong Buy), Monolithic carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Arrow Electronics’ shares have gained 26.2% on a year-to-date basis. The long-term earnings growth rate for the company is currently projected at 27.4%.Alphabet’s shares have surged 63.1% on a year-to-date basis. The long-term earnings growth rate for the company is currently projected at 25.8%.Monolithic’s shares have rallied 51.4% on a year-to-date basis. The long-term earnings growth rate for the company is currently projected at 25%. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Arrow Electronics, Inc. (ARW): Free Stock Analysis Report Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Smartsheet (SMAR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

Guidewire (GWRE) Incurs Loss in Q1, Revenues Top Estimates

Guidewire's (GWRE) first-quarter fiscal 2022 results benefit from strength in subscription revenues. Weakness in license and service revenues is a headwind. Guidewire Software GWRE reported first-quarter fiscal 2022 non-GAAP loss of 21 cents per share, beating the Zacks Consensus Estimate by 12.5%. The company had reported earnings of 17 cents per share in the year-ago quarter.Guidewire reported revenues of $165.9 million, which beat the Zacks Consensus Estimate by 0.74% but declined 2.3% year over year.Cloud bookings were more than 90% of deal activity for the first time in the company’s history. Guidewire signed five InsuranceSuite cloud deals and witnessed another six successful cloud customer deployments in the reported quarter.Quarter in DetailSubscription and support revenues (47.6% of total revenues) surged 36.3% from the year-ago quarter to $79 million due to higher subscription revenues, which jumped 53% to $57.1 million.License revenues (24.2% of total revenues) declined 38.5% year over year to $40.2 million while Services revenues (28.2% of total revenues) climbed 0.5% year over year to $46.8 million. Guidewire Software, Inc. Price, Consensus and EPS Surprise Guidewire Software, Inc. price-consensus-eps-surprise-chart | Guidewire Software, Inc. Quote Annual recurring revenues (ARR) were $594 million as of Oct 31, 2021, compared with $582 million as of Jul 31, 2021.Non-GAAP gross margin contracted 950 basis points (bps) on a year-over-year basis to 44.5%. Subscription and support gross margin was 43%, down from 48% reported in the year-ago quarter, primarily due to large investments Guidewire made to support its current and future cloud customers. Higher cloud infrastructure costs also hurt gross margin.Total operating expenses increased 16% year over year to $128.1 million, driven by higher cloud infrastructure costs and commission expenses.Non-GAAP operating loss was $28.7 million against operating income of $2.8 million reported in the year-ago quarter.Balance SheetAs of Oct 31, 2021, cash and cash equivalents and short-term investments came in at $1.1 billion compared with $1.3 billion as of Jul 31, 2021.Guidewire used $107 million in cash from operations and $43.8 million for the acquisition of HazardHub in the reported quarter.In the quarter under review, Guidewire repurchased 0.2 million shares worth $26.3 million.GuidanceFor second-quarter fiscal 2022, revenues are expected in the range of $195-$199 million. ARR is expected between $613 million and $616 million.Non-GAAP operating loss is projected in the range of $11-$15 million.For fiscal 2022, the company expects total revenues between $780 million and $790 million. ARR is expected between $659 million and $669 million.Non-GAAP operating loss for fiscal 2022 is projected in the range of $48-$58 million.For fiscal 2022, cash flow from operations is projected in the range of $10-$20 million.Zacks Rank & Stocks to ConsiderGuidewire currently has a Zacks Rank #3 (Hold).Guidewire shares are down 9%, underperforming the Zacks Business-Software Services industry’s growth of 20.4% and Computer & Technology sector’s return of 21.6% year to date.Some of the better-ranked stocks in the Computer & Technology sector are Nova Measuring Instruments NVMI, Advanced Micro Devices AMD and Pinterest PINSCurrently, Nova Measuring sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Long-term earnings growth rate stands at 32.2%.Nova Measuring shares have returned 83.3% year to date compared with the Zacks Electronics-Semiconductors industry’s growth of 34.6% and the Computer & Technology sector’s return of 21.7%.Long-term earnings growth rate for AMD, a Zacks Rank #2 (Buy) stock, is currently pegged at 46.2%.AMD shares have returned 64.3% year to date, outperforming the Electronics-Semiconductors industry’s growth of 34.6% and the Computer & Technology sector’s return of 21.7%.Pinterest, currently carrying a Zacks Rank #2 (Buy) has a long-term earnings growth rate of 52.7%.PINS shares are down 43%, underperforming the Zacks Internet Software industry’s decline of 22.2% and the Computer & Technology sector’s return of 21.7% year to date. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Guidewire Software, Inc. (GWRE): Free Stock Analysis Report Nova Ltd. (NVMI): Free Stock Analysis Report Pinterest, Inc. (PINS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

Humana (HUM) Down 7.1% Since Last Earnings Report: Can It Rebound?

Humana (HUM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. It has been about a month since the last earnings report for Humana (HUM). Shares have lost about 7.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Humana due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Humana's Earnings Beat Estimates in Q3, Surge Y/YHumana third-quarter 2021 operating earnings per share of $4.83 surpassed the Zacks Consensus Estimate by 4.8%. This was on the back of better revenues and a solid contribution from its Retail and Healthcare Services segments. The bottom line, however, improved 56.8% year over year.Operational UpdateRevenues of $20.6 billion were up 3.1% year over year owing to individual Medicare Advantage and state-based contracts membership growth plus higher per member individual Medicare Advantage premiums and the effect of Kindred at Home revenues from external customers. The top line missed the Zacks Consensus Estimate by 0.9%Benefit ratio expanded 450 basis points (bps) to 87.1%.Operating cost ratio contracted 100 bps to 12.2%.Total expenses shot up 10% year over year on higher benefits, operating costs, and depreciation and amortization costsSegmental ResultsRetailRevenues of $18.44 billion were up 10% year over year. This can primarily be attributed to a premium rise owing to individual Medicare Advantage along with state-based contracts membership growth and higher per member Medicare Advantage premiums.Benefit ratio of 88.1% expanded 300 bps year over year due to the termination of the non-deductible HIF in 2021 along with the impact from the competitive nature of the group Medicare Advantage business and the adverse effects of COVID-19 in 2020.The segment’s operating cost ratio of 9.1% contracted 210 bps year over year on the back of termination of the non-deductible HIF in 2021, lower COVID-related administrative costs, scale efficiencies related to growth in individual Medicare Advantage membership and the operating cost efficiencies seen in the third quarter.Group and SpecialtyRevenues from this segment were $1.7 billion, down 6% from the prior-year quarter’s level due to lower fully-insured group commercial membership.Benefit ratio contracted 660 bps year over year to 86.4%.Operating cost ratio contracted 30 bps year over year to 24.9%.Healthcare ServicesRevenues of $8.04 billion increased 13% year over year, primarily owing to individual Medicare Advantage membership growth and state-based contracts membership growth, impact of Kindred at Home along with higher revenues related to the company’s provider business.Operating cost ratio decreased 140 bps year over year to 95%. This was owing to the impact of consolidated Kindred at Home operations, effect of the third-quarter 2020 ratio associated with COVID-19 administrative related costs along with operational improvement in its provider service business and operating cost efficiencies, driven by the earlier implemented productivity measures in the third quarter.Financial Update (as of Sep 30, 2021)The company had cash and cash equivalents of $4.3 billion, down 7.9% from the level at 2020 end.Debt-to-total capitalization was 43%, expanding 1030 bps from the level as of Dec 31, 2020.Cash flows provided by operating activities came in at $2.8 billion, comparing favorably with the year-ago quarter’s figure of $1.8 billion.Capital DeploymentIn December, Humana inked two separate deals with two third-party financial institutions to effect an aggregate $1.75-billion ASR program under its authorization.In the third quarter, the company didn’t buy back any shares.In February, its board of directors approved a share buyback plan of $3 billion with the expiration date of Feb 18, 2024.It paid out cash dividends worth $90 million in the third quarter.2021 GuidanceAfter announcing third-quarter results, the company revised its 2021 guidance.Adjusted EPS is now expected to be $20.50, below the previous guided range of $21.25-$21.75.For the full year, the company expects individual Medicare Advantage membership growth to 450000 members, up 11% year over year. How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month. The consensus estimate has shifted -48.43% due to these changes.VGM ScoresAt this time, Humana has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Humana has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Humana Inc. (HUM): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksDec 3rd, 2021

Why Is Ansys (ANSS) Down 3.6% Since Last Earnings Report?

Ansys (ANSS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. A month has gone by since the last earnings report for Ansys (ANSS). Shares have lost about 3.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Ansys due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. ANSYS Q3 Earnings and Revenues Top EstimatesANSYS reported third-quarter 2021 non-GAAP earnings of $1.59 per share, which beat the Zacks Consensus Estimate by 18.7% and increased 16.9% year over year.Non-GAAP revenues of $445.4 million surpassed the Zacks Consensus Estimate by 7.3%. The top line increased 21% (up 20% at constant currency or cc) from the year-ago quarter’s levels.Continued momentum in core business, strength in the high tech and semiconductor verticals boosted the top line. The company closed several deals in the aerospace and defense sector in North America and EMEA regions. Improving business conditions at small- and medium-sized customers acted as a tailwind.Deferred revenues and backlog were $899.5 million, up 2.2% on a year-over-year basis.Quarter in DetailsLease licenses revenues (27.1% of non-GAAP revenues) increased 52% at cc to $120.5 million. Perpetual licenses revenues (18%) rose 27.2% year over year at cc to $79.9 million.Maintenance revenues (51.2%) increased 6.3% at cc to $228 million. Service revenues (3.8%) increased 25.9% year over year to $16.9 million.Direct and indirect channels contributed 74.4% and 25.6%, respectively, to non-GAAP revenues.Annual contract value or ACV increased 19.7% year over year (up 19.3% at cc) to $365.4 million.On a geographic basis, non-GAAP revenues from Americas, EMEA (comprising Germany, the U.K. and other EMEA) and the Asia-Pacific (Japan and Other Asia-Pacific) contributed 50.2%, 22.9% and 26.9% to non-GAAP revenues, respectively.Non-GAAP revenues from Americas rallied 37.3% to $223.4 million at cc. Revenues from EMEA declined 6.1% to $102 million. Revenues from Asia-Pacific increased 21.1% to $120 million.Strength in the aerospace and defense, high-tech, automotive and semiconductor sectors led to increases in overall revenues.Operating DetailsNon-GAAP gross margin expanded 70 basis points (bps) on a year-over-year basis to 89.9%.Total operating expenses increased 21.2% year over year to $270.8 million, due to higher research and development as well as selling, general and administrative expenses.Non-GAAP operating margin contracted 10 bps on a year-over-year basis to 39.7%.Balance Sheet & Cash FlowAs of Sep 30, 2021, cash and short-term investments amounted to $1.081 billion (the United States contributed 69%) compared with $958.2 million (the United States contributed 66%) as of Jun 30, 2021.As of Sep 30, 2021, the company’s long-term debt stood at $753.5 million.The company generated cash from operations of $157.8 million in the third quarter compared with $118.9 million in the prior quarter.The company repurchased 0.1 million shares worth $36 million in the third quarter. As of Sep 30, 2021, it had 2.7 million shares remaining under the share buyback program.In October 2021, the company concluded the acquisition of Zemax for $411.5 million paid in cash net of cash acquired from Zemax, bringing the actual cash payment to $399.1 million.GuidanceFor fourth-quarter 2021, ANSYS expects non-GAAP earnings in the range of $2.48-$2.81.Non-GAAP revenues are anticipated between $614.9 million and $654.9 million.Management projects non-GAAP operating margin in the range of 44.5-47%.For 2021, ANSYS now expects non-GAAP revenues of $1.885-$1.925 billion compared with the previous guidance of $1.84-$1.89 billion.Management expects non-GAAP operating margin in the range of 40.5-41.5% for 2021 compared with 40-41% guided earlier.Non-GAAP earnings are now envisioned in the range of $7.05-$7.38 per share compared with the previous guidance of $6.85-$7.15.ACV is now anticipated between $1.825 billion and $1.86 billion, while operating cash flow is projected between $505 million and $535 million for 2021.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.VGM ScoresCurrently, Ansys has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Ansys has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ANSYS, Inc. (ANSS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksDec 3rd, 2021

Macerich (MAC) Down 14.6% Since Last Earnings Report: Can It Rebound?

Macerich (MAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. A month has gone by since the last earnings report for Macerich (MAC). Shares have lost about 14.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Macerich due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Macerich Q3 FFO Beats, 2021 Guidance RaisedMacerich reported FFO per share of 45 cents, excluding financing expenses in relation to Chandler Freehold and loss on extinguishment of debt, which exceeded the Zacks Consensus Estimate of 43 cents. However, the figure declined 13.5%, year over year.Results reflected solid top-line growth. The retail REIT has also raised the 2021 FFO per share guidance.The company generated revenues of $212.1 million in the third quarter. The top line surpassed the Zacks Consensus Estimate of $210.6 million as well as increased 14.1% year on year.According to the company’s press release, even amid the COVID-19 case rate increases from the Delta variant, customer traffic reverted to the pre-COVID levels, while tenant sales continued trending substantially upward in aggregate in mid-summer.In third-quarter 2021, portfolio comparable tenant sales from spaces less than 10,000 square feet were 14% higher than the pre-COVID third quarter of 2019.Behind the HeadlinesAt Sep 30, 2021, portfolio occupancy was 90.3%, reflecting a 90-basis-point expansion from 89.4% as of Jun 30, 2021.During the September-end quarter, Macerich signed 219 leases for 1.1 million square feet of space (excluding COVID workout deals). This marks a 15% increase compared to the pre-COVID third quarter of 2019.As of Sep 30, 2021, the average rent per square foot was $62.58, up 0.5% from $62.29 as of Sep 30, 2020.The same-center net operating income or NOI (excluding lease termination income) increased 20.6% from the prior-year number.As of Sep 30, 2021, it had cash and cash equivalents of $117.6 million. As of Nov 3, the company had $100 million outstanding on its revolving line of credit. Its total liquidity as of the same date amounted to roughly $610 million.The company made progress towards de-leveraging, with $1.5 billion of debt repaid so far in the year.GuidanceAssuming no further government-mandated shutdowns of its properties, the company raised the 2021 guidance. The REIT now expects current-year FFO per share of $1.92-$2.00 compared with the $1.82-$1.97 guided earlier.How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.VGM ScoresAt this time, Macerich has an average Growth Score of C, however its Momentum Score is doing a bit better with a B. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Notably, Macerich has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Macerich Company The (MAC): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksDec 3rd, 2021

Centennial Resource (CDEV) Down 22.2% Since Last Earnings Report: Can It Rebound?

Centennial Resource (CDEV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. It has been about a month since the last earnings report for Centennial Resource (CDEV). Shares have lost about 22.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Centennial Resource due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Centennial Q3 Earnings Beat EstimatesCentennial Resource Development reported third-quarter 2021 adjusted earnings of 25 cents per share, beating the Zacks Consensus Estimate of 21 cents. The figure also improved from the year-ago adjusted loss of 19 cents per share.Quarterly revenues from oil and gas sales increased to $288.5 million from the prior year’s $149.1 million. Also, the top line beat the consensus mark of $248 million.Despite lower production and increased operating costs, Centennial reported strong third-quarter results due to higher realized commodity prices.Operations:ProductionOverall production of 65,121 barrels of oil equivalent per day (Boe/d) declined from the year-ago period’s 68,934 Boe/d. Of the total output, 51.5% comprised crude oil.Oil volumes deteriorated from 35,292 Bbls/d to 33,529 barrels per day (Bbls/d) for the September quarter. Also, natural gas liquids (NGLs) production totaled 11,707 Bbls/d, down from the year-ago quarter’s 14,885 Bbls/d. Nevertheless, natural gas production of 119,311 thousand cubic feet per day (Mcf/d) increased from the year-ago quarter’s 112,545 Mcf/d.Price RealizationsAverage realized crude price (excluding the effects of derivative settlements) was reported at $65.31 a barrel, up from $36.95 in third-quarter 2020. Also, the same for natural gas rose to $3.99 per Mcf from the prior year’s $1.15. Furthermore, NGLs price rose to $40.16 per barrel for the third quarter from the year-ago level of $12.58.Operating CostsCentennial’s total operating costs were $192 million for third-quarter 2021, higher than $181.1 million in the year-ago period due to increased lease operating, gathering, processing and transportation expenses.On a per Boe basis, the company’s third-quarter lease operating expenses were $4.79, much higher than the year-ago level of $3.87. Also, gathering, processing and transportation costs flared up to $4.03 per Boe from the year-ago period’s $3.02.Capital Expenditure & Balance SheetFor the September quarter, it incurred a capital expenditure of $78.9 million, of which $74.9 million was allocated for drilling and completion activities.At third quarter-end, cash and cash equivalents increased to $5 million from the second-quarter level of $4.7 million. Long-term net debt outstanding amounted to $1,004.9 million, down from $1,054.3 million at second quarter-end. Centennial had a net debt to capitalization of 29.4%. At third quarter-end, it had liquidity of $493.5 million.Cash Flow & Free Cash FlowThe company’s constant focus on cost reduction helped it generate net cash of $153.5 million from operating activities compared with $45.7 million in the year-ago period. Free cash flow generated during the quarter under review was $77.2 million, up from $10.5 million in the year-ago period.Guidance:The company again boosted its free cash flow guidance for 2021 to $200-$220 million from the previous guided range of $140-$170 million. It will likely be sticking to the two-rig drilling program into 2022, despite the uptick in commodity prices. Also, the company made new oil hedging deals for the next year.Centennial increased its 2021 production guidance to the band of 60,500-61,850 Boe/d from the previous estimate of 56,000-63,000 Boe/d. Capital expenditure is now estimated at $300-$315 million, up from the previous estimate of $260-$310 million. The majority of the capital spending will be allocated for drilling and completion activities. Previously, it anticipated to complete 40-48 gross wells this year. The range is now narrowed to 41-43 gross wells.The company expects lease operating expenses within $4.65-$4.80 per Boe, indicating an increase from the 2020 level of $4.45. Gathering, processing and transportation expenses for 2021 are estimated at $3.90-$4.00 per Boe, suggesting a rise from the last year’s $2.90 level.How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month. The consensus estimate has shifted 8.9% due to these changes.VGM ScoresCurrently, Centennial Resource has a strong Growth Score of A, a grade with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Centennial Resource has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Centennial Resource Development (CDEV): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksDec 3rd, 2021

Why Is Mack-Cali (CLI) Down 11.1% Since Last Earnings Report?

Mack-Cali (CLI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. A month has gone by since the last earnings report for Mack-Cali Realty (CLI). Shares have lost about 11.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Mack-Cali due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Mack-Cali Realty Q3 FFO & Revenues Beat EstimatesMack-Cali’s third-quarter 2021 core FFO per share of 17 cents topped the Zacks Consensus Estimate of 13 cents.However, the figure compares unfavorably with the year-ago quarter’s 30 cents.Results reflect a year-over-year increases in the same-store NOI for the office portfolio and the multi-family portfolio. However, consolidated core office properties were leased down.In fact, per management, “I am pleased to announce another active quarter during which we further simplified the business, continued to enhance our operational platform and capitalized on the continued strength in multifamily leasing demand. We continue to see strong interest in our high quality assets, with occupancy in our multifamily portfolio now above pre-Covid levels."Quarterly revenues of $83.7 million surpassed the Zacks Consensus Estimate of $77.1 million. Further, the revenue figure came in 5.7% higher than the prior-year quarter’s number.Quarter in DetailAs of Sep 30, 2021, Mack-Cali’s consolidated core office properties were 73.5% leased, down from 74.7% as of Jun 30, 2021. The Waterfront portfolio was 73.3% leased, down from the 75.4% seen as of the second-quarter end.While same-store revenues for the office portfolio decreased 2.1%, the same-store cash NOI was up 3.4% year over year, backed by savings in operating expenses.In the reported quarter, Mack-Cali executed new or renewal/extension lease deals, spanning 176,100 square feet, in the company’s office portfolio.Further, the company’s subsidiary, Roseland, which engages in multi-family residential operations, reported that its overall operating portfolio was 96.5% occupied as of Oct 24, up from the prior-quarter end’s 92.3%.The same store multi-family portfolio, which comprised 5,499 units, witnessed same-store NOI growth of 6.5% from the prior-year period, reflecting higher revenues from the recovering leasing activity, resulting inlower vacancy and higher in-place rents.Portfolio ActivityDuring the third quarter, the company completed the disposal of its joint-venture interest in the Crystal Lake office property and 7 Giralda Farms, for $1.9 million $29 million, respectively.In addition, the company entered into separate definitive agreements to sell two of its waterfront office properties for a combined sales price of $590 million.Balance Sheet PositionMack-Cali exited third-quarter 2021 with $23.3 million in cash, down from $38.1 million as of Dec 31, 2020.The company’s net debt to adjusted EBITDA was 15.2X for the reported quarter compared with the prior-year quarter’s 12.1X.How Have Estimates Been Moving Since Then?Estimates revision followed a downward path over the past two months.VGM ScoresCurrently, Mack-Cali has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookMack-Cali has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MackCali Realty Corporation (CLI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

Cannabis Watch: California cannabis company Harborside is not done with acquisitions after latest deals

Harborside will change its name to StateHouse and pursue more M&A deals after it closes acquisitions of Urbn Leaf and Loudpack in early 2022......»»

Category: topSource: marketwatchDec 3rd, 2021

Virtual selling platform Enable raises $4.5M to help businesses close deals

This B2B platform is disrupting traditional methods of transacting between buyers and sellers......»»

Category: topSource: bizjournalsDec 2nd, 2021

Can Libya Become A Global Oil And Gas Power Once Again?

Can Libya Become A Global Oil And Gas Power Once Again? By Simon Watkins of OilPrices.com The decision last week by Libya’s Government of National Unity to approve the sale of Hess Corporation’s stake in the Waha oil concessions could reignite Libya’s oil boom While there may be a short-term drop off in output from Waha, in the long-term it will likely return to their previous impressive levels Ongoing political struggles could hurt the countries oil industry, but recent proposals from the oil and gas ministry on revenue sharing could help reduce those tensions Given the delicate supply and demand balance at play in the oil market, which, as analyzed in-depth in my new book on the global oil markets, is likely to remain for some time, even relatively incremental additions to that supply on the margin can be significant. Last week, the country’s Minister of Gas and Oil, Mohamed Aoun, stated that it plans to increase oil production to 2.1 million barrels per day (bpd) and natural gas production to about 4 million cubic feet per day over the next five years. Such an increase is entirely achievable, particularly considering recent deals and related developments, notably Waha. Last week Libya’s Government of National Unity (GNU) approved the sale of the 8.16 percent stake in the country’s giant Waha oil concessions held by the U.S.’s Hess Corporation to the remaining stakeholders. These are France’s TotalEnergies (with a 16.3 percent share), and ConocoPhillips (also 16.3 percent), each of which, according to legal sources close to the deal exclusively spoken to last week by OilPrice.com, will be offered half of Hess’s stake. Short-term, there may be a drop-off in output from Waha of up to 90,000 bpd, as it is in the process of completing pipeline maintenance operations, and after that, another 100,000 bpd may be lost due to ongoing difficulties at the Es Sider port storage facilities. Longer-term, though, the Waha concessions are expected to return to their previous 286,000 bpd crude oil output levels, according to Libya’s National Oil Company (NOC), and the deeper involvement of TotalEnergies, and other foreign firms, in Libya presage a further output increase from there.  There has been ongoing political in-fighting in Libya’s hydrocarbons sector since an agreement was signed on 18 September 2020 between Khalifa Haftar, the commander of the rebel LNA, and elements of Tripoli’s U.N.-recognised GNA to lift the blockade of Libya’s energy infrastructure. However, TotalEnergies in particular has remained committed to its presence in the country. The French company’s chief executive officer, Patrick Pouyanne, has stated repeatedly that it will continue with its efforts to increase oil production from the giant Waha, Sharara, Mabruk, and Al Jurf oil fields by at least 175,000 bpd. TotalEnergies has also agreed to make the development of the Waha-concession North Gialo and NC-98 oil fields a priority, according to the NOC, and these particular concessions have the capacity to produce at least 350,000 bpd together.  As it stands, Libya is producing around 1.2 million bpd, compared to around 70,000 bpd at the time that the September 2020 blockade was still in force. However, there is ample scope to increase this to the 2.1 million bpd target and to hit the informal interim targets of 1.45 million bpd by the end of 2022, and 1.6 million bpd by the end of 2023. It should be remembered that Libya has around 48 billion barrels of proved crude oil reserves – the largest in Africa – and that before the removal of long-time leader, Muammar Gaddafi, in 2011, the country had been easily able to produce around 1.65 million bpd of mostly high-quality light, sweet crude oil. This comprised most notably the Es Sider and Sharara export crudes that are particularly in demand in the Mediterranean and Northwest Europe for their gasoline and middle distillate yields.  Moreover, production had been on a rising production trajectory, up from about 1.4 million bpd in 2000, albeit well below the peak levels of more than 3 million bpd achieved in the late 1960s. This said, the NOC had plans in place before 2011 to roll out enhanced oil recovery (EOR) techniques to increase crude oil production at maturing oil fields. As such, the NOC’s predictions of being able to increase capacity by around 775,000 bpd through EOR at existing oil fields looked well-founded.  In terms of broader policy, the oil and gas ministry recently sent a series of proposals to the GNU aimed at improving the sector’s organisation in order to attract more investment from foreign companies. Although the ministry did not publically release the details of these proposals, the legal sources spoken to by OilPrice.com last week highlighted that they are broadly in line with the original ideas underpinning the September 2020 agreement. These were aimed in large part at clarifying how oil revenues would be paid and dispersed. Part of this process would be the creation of technical committees with representatives drawn from all sides of the civil conflict. These separate committees would deal with field awards, in tandem with the oil and gas ministry, and the dispersal of oil and gas revenues, in tandem with the ministry and the Central Bank of Libya (in which the revenues are physically held).  Tyler Durden Thu, 12/02/2021 - 12:20.....»»

Category: smallbizSource: nytDec 2nd, 2021

MLB Opening Day Threatened By First Work Stoppage Since 1995

IRVING, Texas — Major League Baseball plunged into its first work stoppage in a quarter-century when the sport’s collective bargaining agreement expired Wednesday night and owners immediately locked out players in a move that threatens spring training and opening day. The strategy, management’s equivalent of a strike under federal labor law, ended the sport’s labor… IRVING, Texas — Major League Baseball plunged into its first work stoppage in a quarter-century when the sport’s collective bargaining agreement expired Wednesday night and owners immediately locked out players in a move that threatens spring training and opening day. The strategy, management’s equivalent of a strike under federal labor law, ended the sport’s labor peace after 9,740 days over 26 1/2 years. Teams decided to force the long-anticipated confrontation during an offseason rather than risk players walking out during the summer, as they did in 1994. Players and owners had successfully reached four consecutive agreements without a work stoppage, but they have been accelerating toward a clash for more than two years. [time-brightcove not-tgx=”true”] “We believe that an offseason lockout is the best mechanism to protect the 2022 season,” baseball Commissioner Rob Manfred wrote in a letter to fans. “We hope that the lockout will jumpstart the negotiations and get us to an agreement that will allow the season to start on time. This defensive lockout was necessary because the players’ association’s vision for Major League Baseball would threaten the ability of most teams to be competitive.” Talks that started last spring ended Wednesday after a brief session of mere minutes with the sides far apart on the dozens of key economic issues. Management’s negotiators left the union’s hotel about nine hours before the deal lapsed at 11:59 p.m. EST. MLB’s 30 controlling owners held a brief digital meeting to reaffirm their lockout decision, and MLB delivered the announcement of its fourth-ever lockout — to go along with five strikes — in an emailed letter to the Major League Baseball Players Association. “This drastic and unnecessary measure will not affect the players’ resolve to reach a fair contract,” union head Tony Clark said in a statement. “We remain committed to negotiating a new collective bargaining agreement that enhances competition, improves the product for our fans, and advances the rights and benefits of our membership.” This stoppage began 30 days after Atlanta’s World Series win capped a complete season following a pandemic-shortened 2020 played in empty ballparks. The lockout’s immediate impacts were a memo from MLB to clubs freezing signings, the cancellation of next week’s annual winter meetings in Orlando, Florida, and banishing players from team workout facilities and weight rooms while perhaps chilling ticket sales for 2022. The union demanded change following anger over a declining average salary, middle-class players forced out by teams concentrating payroll on the wealthy and veterans jettisoned in favor of lower-paid youth, especially among clubs tearing down their rosters to rebuild. “As players we see major problems with it,” New York Mets pitcher Max Scherzer said of the 2016 agreement. “First and foremost, we see a competition problem and how teams are behaving because of certain rules that are within that, and adjustments have to be made because of that in order to bring out the competition.” Eleven weeks remain until pitchers and catchers are to report for spring training on Feb. 16, leaving about 70 days to reach a deal allowing for an on-time start. Opening day is set for March 31, and a minimum of three weeks of organized workouts have been required in the past. Management, intent on preserving salary restraints gained in recent decades, rejected the union’s requests for what teams regarded as significant alterations to the sport’s economic structure, including lowering service time needed for free agency and salary arbitration. “We offered to establish a minimum payroll for all clubs to meet for the first time in baseball history; to allow the majority of players to reach free agency earlier through an age-based system that would eliminate any claims of service time manipulation; and to increase compensation for all young players,” Manfred wrote. “When negotiations lacked momentum, we tried to create some by offering to accept the universal designated hitter, to create a new draft system using a lottery similar to other leagues.” Many clubs scrambled to add players ahead of the lockout, committing to more than $1.9 billion in new contracts — including a one-day record of more than $1.4 billion Wednesday. Two of the eight members of the union’s executive subcommittee signed big deals: Texas infielder Marcus Semien ($175 million) and Scherzer ($130 million). “This is actually kind of fun,” Scherzer said. “I’m a fan of the game, and to watch everybody sign right now, to actually see teams competing in this kind of timely fashion, it’s been refreshing because we’ve seen freezes for the past several offseasons.” No player remains active from the 232-day strike that cut short the 1994 season, led to the first cancellation of the World Series in 90 years and caused the following season to start late. The average salary dropped from $1.17 million before the strike to $1.11 million but then resumed its seemingly inexorable rise. It peaked at just under $4.1 million in 2017, the first season of the latest CBA, but likely will fall to about $3.7 million when this year’s final figures are calculated. That money is concentrated heavily at the top of the salary structure. Among approximately 1,955 players who signed major league contracts at any point going into the regular season’s final month, 112 had earned $10 million or more this year as of Aug. 31, of which 40 made at least $20 million, including prorated shares of signing bonuses. There were 1,397 earning under $1 million, of which 1,271 were at $600,000 or less and 332 under $100,000, a group of younger players who shuttle back and forth to the minors. A union statement claimed the lockout “was specifically calculated to pressure players into relinquishing rights and benefits, and abandoning good-faith bargaining proposals that will benefit not just players, but the game and industry as a whole. … We have been here before, and players have risen to the occassion time and again — guided by a solidarity that has been forged over generations.” The union has withheld licensing money, as it usually does going into bargaining; cash, U.S. Treasury securities and investments totaled $178.5 million last Dec. 31, according to a financial disclosure form filed with the U.S. Department of Labor. Some player agents have speculated that management’s credit lines already may be pressured following income deprivation caused by the coronavirus pandemic, but the clubs’ finances are more opaque publicly than that of the union, making it difficult to ascertain comparative financial strength to withstand a lengthy work stoppage. Manfred succeeded Bud Selig as commissioner in 2015 following a quarter-century as an MLB labor negotiator. He was unusually critical publicly of the union’s stance. “They never wavered from collectively the most extreme set of proposals in their history,” he said, “including significant cuts to the revenue-sharing system, a weakening of the competitive balance tax, and shortening the period of time that players play for their teams. All of these changes would make our game less competitive.” ___ Blum reported from New York and Hawkins from Irving, Texas. AP Sports Writer Will Graves contributed to this report......»»

Category: topSource: timeDec 2nd, 2021

Salesforce Stock Down 12% After Q4 Earnings Forecast

Salesforce.com Inc (NYSE:CRM) stock was down 12% on Wednesday after the company’s earnings guidance for Q4 fell short of analysts’ estimates. According to the earnings report, Salesforce beat revenue and profit expectations for the third quarter. Q3 2021 hedge fund letters, conferences and more Adjusted Guidance As informed by CNBC, Salesforce stock dived 12% Wednesday […] Salesforce.com Inc (NYSE:CRM) stock was down 12% on Wednesday after the company’s earnings guidance for Q4 fell short of analysts’ estimates. According to the earnings report, Salesforce beat revenue and profit expectations for the third quarter. 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); Q3 2021 hedge fund letters, conferences and more Adjusted Guidance As informed by CNBC, Salesforce stock dived 12% Wednesday on unflattering earnings guidance for the fourth quarter. It is the biggest drop since March 2020 when the COVID-19 pandemic shook the markets. The firm, however, posted better-than-expected profit and revenue for the previous quarter as it promoted Bret Taylor to the co-CEO position, alongside Marc Benioff. “Earnings per share for the December quarter will fall between 72 and 73 cents, trailing the 81-cent average estimate, according to analysts surveyed by Refinitiv. While profit missed expectations, Salesforce raised its guidance for revenue to between $7.22 billion and $7.23 billion, about in line with estimates of $7.22 billion,” according to CNBC. As revealed by Atlantic Equities analysts, the lukewarm Q3 results might be the cause of “management conservatism”, as the third quarter was still solid. However, “slightly disappointing guidance will give the stock a breather after a strong run over the last six months.” Looking Into Q4 The company expects fourth-quarter revenue to grow by 24% aided by Slacks’ sales of $285 million. Salesforce acquired the communications software company for $27 billion, with the purchase being finalized in July. Amy Weaver, Salesforce’s chief financial officer, said: “In Q4, we are expecting to see additional investments in our workforce and our growth and also some modest increased T&E expectations … And that’s going to cause a q-over-q decline in operating margin.” Weaver added that Slack is Salesforce’s strategic cornerstone, as “During the third quarter, we again executed against the strong demand environment in front of us. Slack saw another strong quarter, and we are pleased with Slack's representation in our largest deals.” On Taylor’s appointment, CEO Benioff said: “Together, Bret and I will lead Salesforce through our next chapter, while living our shared values of trust, customer success, innovation, and equality for all.” Salesforce is part of the Entrepreneur Index, which tracks 60 of the largest publicly traded companies managed by their founders or their founders’ families. Updated on Dec 2, 2021, 10:24 am (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: valuewalkDec 2nd, 2021

The 5 best gaming monitors of 2021 from budget screens to 4K displays

These are the best gaming monitors of 2021 from brands like Acer, BenQ, Dell, and Samsung across categories like ultra-wide, curved, and more. Prices are accurate at the time of publication.Amazon; Acer; Alyssa Powell/Insider The best gaming monitors deliver outstanding image quality and high refresh rates.  Though marketed to gamers, many gaming monitors are great for content creation and general use. The Acer XV282K KV is a superb 4K monitor for modern game consoles or a top-tier gaming PC. Gaming monitors have matured over the past decade. Once a niche that relied more on marketing fluff than actual performance, modern gaming monitors deliver outstanding image quality, smooth motion, solid build quality, and attractive pricing.Today's best gaming monitors occupy a sweet spot between basic office monitors and the top-tier professional monitors. They bring visual quality close to high-end professional displays to a more affordable price. This is paired with an enhanced refresh rate that provides smooth motion and a speedy response to user input.Acer's fantastic Nitro XV282K KV is a cutting-edge monitor with outstanding image quality. It packs 4K resolution, a 144Hz refresh rate, and HDMI 2.1 support that can handle 4K/120 FPS gameplay from modern PCs and game consoles. It also has a vibrant, punchy image that looks great in games and is ideal for content creators.Also, if you have any questions about terms used in this article, we have a glossary of terms at the end for reference.Here are the best gaming monitors of 2021Best gaming monitor overall: Acer Nitro XV282K KVBest budget gaming monitor: Dell 2721HGFBest gaming monitor for competitive gaming: Acer Predator XB253Q GwbmiiprzxBest ultrawide gaming monitor: BenQ Mobiuz EX3415RBest 32-inch gaming monitor: Samsung Odyssey G7The best Cyber Monday deals on gaming monitors from this guideEven if you mostly work on your gaming computer these days, getting a sharp monitor that's easy to look at should be a priority. Like most gaming peripherals, monitors are currently enjoying post Cyber Monday sales.Dell 2721HGF Gaming Monitor$219.99 FROM AMAZONOriginally $262.99 | Save 16%Acer Predator XB3$332.86 FROM AMAZONOriginally $379.99 | Save 12%BenQ Mobiuz EX3415R$949.99 FROM B&HOriginally $999.99 | Save 5%$925.00 FROM AMAZONOriginally $999.99 | Save 7%Read more about how the Insider Reviews team evaluates deals and why you should trust us.Best gaming monitor overallAcerAcer's Nitro XV282K KV delivers 4K resolution and HDMI 2.1 with color performance that will make your favorite games look jaw-dropping.Size: 28-inchResolution: 3,840 x 2,160 (4K)Panel technology: In-Plane SwitchingInputs: 2x HDMI 2.1, 1x DisplayPort 1.4Refresh rate: 144HzNvidia G-Sync: Tested compatibleAMD FreeSync: Certified compatibleHDR: VESA DisplayHDR 400 certifiedPros: Sharp 4K resolution; vibrant, accurate color performance; great contrast ratio for a gaming monitor; ideal for content creators; supports HDMI 2.1 Cons: Only DisplayHDR 400 CertifiedThe Acer Nitro KX282K KV is a superb 4K, 144Hz gaming monitor with good motion clarity and tack-sharp image quality. It has two HDMI 2.1 ports that can handle a modern game console's 4K/120FPS output. You'll also enjoy its vibrant color performance. Pairing 4K resolution with a refresh rate of up to 144Hz provides a crisp experience in every game you play. Modern, demanding games will look detailed and rich, while older titles play at maximum pace. A pair of HDMI 2.1 ports support 4K resolution at up to 120Hz when connected to the Xbox Series X, PlayStation 5, or a PC. Alternative monitors stuck on HDMI 2.0 are restricted to 4K/60Hz when connected to modern game consoles. The Nitro XV282K KV also has a DisplayPort input with support for 4K/144Hz when connected to a PC.The Nitro XV282K KV is also great for content creators. It has superb color accuracy, good contrast, and can be used to edit 4K content at its native resolution. It's ideal for gamers who make content on YouTube, Twitch, and other video platforms. It's not flawless, however. The monitor is VESA DisplayHDR 400 certified but not bright enough to make HDR content look its best. We've also heard complaints from PlayStation 5 owners that 4K/120Hz doesn't always work. This may be an issue with the PS5, as we've heard of similar stories from owners of other HDMI 2.1 displays.The Acer Nitro XV282K KV is priced at $899, placing it among the least expensive HDMI 2.1 monitors currently available. It's a good bet for gamers seeking a future-proof display with jaw-dropping visuals.Stock of the Acer Nitro XV282K is currently extremely limited, but we continue to recommend it for its quality. We'll update this page with stock information as soon as possible as it becomes available.$899.99 FROM ACERBest budget gaming monitorMatthew S Smith/Business InsiderDell's 2721HGF is a great all-around monitor with surprisingly attractive visuals at an entry-level priceSize: 27-inchResolution: 1,920 x 1,080Panel technology: Vertical AlignmentInputs: 2x HDMI 1.4, 1x DisplayPort 1.2Refresh rate: 144HzNvidia G-Sync: Certified compatibleAMD FreeSync: Certified compatibleHDR: NonePros: Punchy image with good dark scene performance; officially supports AMD FreeSync and Nvidia G-Sync; solid build quality with height adjustable stand; plenty of inputsCons: Only 1080p resolution; no built-in speakersDell's 2721HGF is a simple, straightforward monitor that makes the right compromises to deliver an excellent gaming experience at a low price.The screen has a punchy image with bold color. It also hits a higher contrast ratio than many alternatives, providing a strong illusion of depth and excellent detail in dark scenes. It's perfect for realistic games, horror games, and other titles that use shadows or darkness for dramatic effect.Despite its price, the 2721HGF has a 144Hz refresh rate and good motion performance. More expensive monitors, like the BenQ EX2780Q, look sharper in motion and will show less blur behind fast objects, but the 2721HGF is a huge upgrade over a run-of-the-mill office monitor with a 60Hz refresh rate. The monitor's resolution tops out at 1080p, which is low for a 27-inch display. Games don't look sharp on this monitor. You may see distracting saw-tooth edges around fine details. This, however, is unavoidable on a budget. 1440p monitors like the BenQ EX2780Q are much more expensive.This is a solid, handsome monitor that includes a height-adjustable stand and a VESA mount for attaching third-party monitor arms. The monitor is curved, but the curve is subtle enough that it doesn't significantly change gameplay. $219.99 FROM AMAZONOriginally $262.99 | Save 16%Best gaming monitor for competitive gamersMatthew S Smith/Business InsiderAcer's Predator XB3 has an absurdly high 280Hz refresh rate for lightning-quick reaction times in competitive gamesSize: 24.5-inchResolution: 1,920 x 1,080Panel technology: In-Plane SwitchingInputs: 1x DisplayPort 1.4Refresh rate: 280HzNvidia G-Sync: Certified compatibleAMD FreeSync: Not certifiedHDR: DisplayHDR 400Pros: Excellent motion clarity; 280Hz refresh rate; precise color accuracy; sturdy design; good value for moneyCons: Only one video inputAcer's Predator XB253Q Gxbmiiprzx, also known as the Predator XB3, is an outstanding 24.5-inch gaming monitor built for competitive gamers. It has remarkable motion clarity and doesn't sacrifice image quality.The monitor has a 240Hz refresh rate that can overclock to 280Hz. This leads to excellent motion clarity that helps you pick out details in small, moving objects. The monitor also has low input lag, making it feel almost wired to your brain.A few competitors have an even higher 360Hz refresh rate. They're also excellent for competitive gaming but are nearly twice as expensive. It's hard to justify spending so much when this more affordable Acer can deliver most of their gains. The Predator XB3 has excellent image quality. It displays accurate, vibrant color and has enough contrast and brightness to achieve a convincing illusion of depth. HDR is supported and works well in bright scenes, though the monitor doesn't support the extended range of color required for proper HDR. A pair of two-watt speakers are included along the monitor's rear. They provide usable, if not impressive, audio. You'll want a headset or desktop speakers for most gaming, but the speakers are passable for short sessions and when audio quality is not important. Connectivity is a downside, as the monitor has just one DisplayPort 1.4 input. Its design is divisive, thanks to a large chin on the display's bottom edge, but the monitor is built like a tank and includes a robust stand with height adjustment. $332.86 FROM AMAZONOriginally $379.99 | Save 12%Best ultrawide gaming monitorMatthew S Smith/Business InsiderBenQ's Mobiuz EX3415R is a huge, immersive display with few downsidesSize: 34-inchResolution: 3,440 x 1,440Panel technology: In-Plane SwitchingInputs: 2x HDMI 2.0, 1x DisplayPort 1.4Refresh rate: 144HzNvidia G-Sync: Not certified, tested compatibleAMD FreeSync: Certified compatibleHDR: DisplayHDR 400Pros: Expensive, immersive screen; highly accurate color; great built-in speakers; sturdy build quality Cons: Disappointing HDR for the price; expensiveBenQ's Mobiuz EX3415R is a bigger, more expensive take on BenQ's EX2780Q. It has most of the qualities that make the EX2780Q our top pick. This includes extremely accurate, vibrant color, good shadow detail, and attractive sharpness, all alongside a 144Hz refresh rate that shows great motion clarity. Upgrading to a 34-inch ultrawide monitor leads to a more immersive gaming experience. This is perfect for simulation, open-world, and strategy games, where a wider display often lets you see more at once. It can be a downside in competitive games, which are rarely optimized for ultrawide monitors.HDR performance is the monitor's only notable quality flaw. It's not bad; in fact, it's better than most displays on this list. But the Mobiuz EX3415R is an expensive display, and that puts it in a different league. Alienware and Samsung monitors have better HDR at this price point.BenQ's Mobiuz monitor line, which is new, embraces an eye-catching design that combines the angular lines of a stealth fighter with modern contrasting colors. The sturdy height-adjustable stand keeps the monitor stable. The Mobiuz EX3415R has a built-in sound system that includes a subwoofer. It's loud and enjoyable, which is great if you don't want external speakers cluttering your desk. $949.99 FROM B&HOriginally $999.99 | Save 5%$925.00 FROM AMAZONOriginally $999.99 | Save 7%Best 32-inch gaming monitorAmazonSamsung's Odyssey G7 is a massive, beautiful monitor with attractive design and a surprisingly high refresh rateSize: 34-inchResolution: 3,440 x 1,440Panel technology: Vertical AlignmentInputs: 1x HDMI 2.0, 2x DisplayPort 1.4Refresh rate: 240HzNvidia G-Sync: Certified compatibleAMD FreeSync: Certified compatibleHDR: DisplayHDR 600Pros: Excellent color accuracy; 240Hz refresh rate; striking curved design; good HDR supportCons: Curve will look too extreme for some; no built-in speakersSamsung's monstrous 32-inch Odyssey G7 is all about extremes. It's extremely large, extremely curved, and has an extremely high refresh rate. These traits make it easy to recommend to gamers looking to go large.The Odyssey G7 has exceptionally accurate and vibrant color that's nearly a match for BenQ's EX2780Q. That is paired with a slightly better contrast ratio, which provides an immersive illusion of depth. These traits, together with the monitor's sheer size, make the Odyssey G7 a great pick for simulation games, role-playing games, and other titles with attractive, expansive scenery. The monitor is bright in HDR mode, providing an above average HDR experience.Yet the Odyssey G7 also has a 240Hz refresh, which is rare for a 32-inch display. The monitor isn't as clear in motion as some competing 240Hz monitors, but most gamers will be pleased. This monitor has a dramatic 1000R (smaller means more) curve, which means it could complete a full circle if it were 1000 millimeters wide. Most curved monitors land between 1900R and 1500R. A curve this aggressive is obvious whether the monitor is off or on. Fans of curved screens will adore it, but gamers unconvinced by curved screens will find it too extreme. The curve is paired with an aggressive design that will stand out on any gamer's desk.$559.99 FROM AMAZONOriginally $792.04 | Save 29%What else we consideredThe monitors in this list are the best for most gamers, but we tested several additional gaming monitors that stand out as honorable mentions. Acer Nitro XV340CK ($397.99): This is a solid mid-range ultrawide monitor with good color accuracy and a 144Hz refresh rate. It falls short in maximum brightness and can show hazy, bright spots in dark scenes, but many gamers will excuse these flaws because of the monitor's low price. Acer Nitro XV252Q ($379): This 280Hz monitor is an alternative to Acer's Predator XB253Q but takes a big cut in image quality. The two are solid at similar pricing, providing little reason to buy the Nitro XV252Q instead.Alienware 2521H ($379.99): This 1080p/360Hz gaming monitor is a good choice for competitive gamers. It has great motion clarity, good image quality, and attractive design. Like other 360Hz monitors, however, it's sold at a steep price.Alienware AW2721D ($749.99): Want a 27-inch monitor with a refresh rate and motion performance nearly as good as the best 24-inch displays? Alienware's AW2721D is for you – if you're willing to pay for the privilege of owning it. Asus ROG Swift PG32UQX ($2,899.99): This outrageously expensive 32-inch monitor from Asus is one of the first to embrace Mini-LED technology. It's currently the best HDR gaming monitor money can buy, but its high price puts it out of reach for most gamers. BenQ EX2780Q ($319.99): Our former top pick, the BenQ EX2780Q remains a solid mid-range option that delivers outstanding image quality. It's still a great option for gamers who don't need 4K resolution or HDMI 2.1.Dark Matter by Monoprice 24-inch Gaming Monitor ($229.99): This basic 1080p/144Hz monitor provides great color performance and a good contrast ratio for just $230. Budget gamers who care about motion clarity should give it a serious look.Dell S3222DGM ($329.99): This 32-incher is a more affordable alternative to Samsung's Odyssey G7. It performs similarly in many respects, though it has a lower refresh rate. Some gamers may prefer its less dramatic curve. MSI Oculux NXG253R ($499.99): This 24-inch 1080p/360Hz gaming monitor is a solid choice for competitive gamers, though its higher refresh rate is of limited use compared to our top competitive pick, the 280Hz Acer Predator XB253Q. Samsung Odyssey Neo G9 ($1,999.99): Samsung's absurdly large Odyssey G9 makes every other monitor look tiny. It has a Mini-LED backlight that provides good HDR performance and the best contrast ratio of any gaming monitor available right. It's extremely expensive, however, and the Mini-LED backlight has issues with fast motion in high-contrast scenes.How we test gaming monitorsThe monitors recommended in this guide were tested using a Datacolor Spyder X colorimeter. This calibration tool can generate a report that objectively gauges the quality of a monitor based on numerous factors including brightness, contrast, color accuracy, image uniformity, and more. Test results were entered into a database that includes over 600 laptop and desktop displays going back over a decade. Gaming monitor FAQsWhat size is best for a gaming monitor? Gaming monitors typically come in 24-inch, 27-inch, and 32-inch widescreen options. While it's tempting to go big, a 24-inch or 27-inch monitor is often best because most players sit fairly close to the monitor (within three feet or less). 32-inch monitors are ideal as a television substitute in small spaces, like a studio apartment, a bedroom, or a dorm room. Ultrawide monitors are a special case; a 34-inch monitor is roughly as tall as a 27-inch widescreen. What resolution is best for a gaming monitor?2,560 x 1,440 resolution, often called 1440p, is the sweet spot for PC gaming. It's sharper than 1080p but not so pixel-dense that you need an absurdly expensive video card for acceptable frame rates in modern games. 1080p is still adequate, however, especially in 24-inch monitors. 4K looks fantastic but can severely tax all but the most expensive gaming PCs, and there's a slim selection of 4K displays that also support a refresh rate of 120Hz or better. What refresh rate is best for a gaming monitor?A monitor's refresh rate is the number of times it can display a new image every second. Cranking up the refresh rate improves perceived smoothness, increases the clarity of objects in motion, and shortens the time between player input and on-screen response. A 144Hz refresh rate is the current sweet spot between performance and price, but gamers who play competitive games that demand quick reactions will prefer a 240Hz refresh rate.GlossaryAMD FreeSync: FreeSync compatible monitors can synchronize their refresh rate to match the framerate of games played on an AMD video card. This improves perceived smoothness during gameplay.In-Plane Switching: Often abbreviated as IPS, In-Plane Switching is a common LCD panel technology found in computer monitors. Monitors that use an IPS panel have great color accuracy, high brightness, and outstanding viewing angles, but can look hazy in dark scenes. A majority of gaming monitors use an IPS panel.High Dynamic Range: Usually abbreviated as HDR, High Dynamic Range describes content packed with added color and luminance information. This leads to brighter whites, deeper blacks, and a greater range of colors across the entire spectrum. HDR content must be viewed on an HDR capable display to see an improvement over standard content. Nvidia G-Sync: G-Sync compatible monitors can synchronize their refresh rate to match the framerate of games played on an Nvidia video card. This improves perceived smoothness during gameplay.Refresh rate: This describes how many times a monitor can refresh its image each second. A higher refresh rate leads to smoother motion and improved clarity for fast-moving objects. It can also reduce input lag because less time passes between each refresh.  Resolution: This describes a monitor's pixel count in terms of the number of pixels found on one line along its horizontal and vertical axis. For example, any single horizontal line on a monitor with 1,920 x 1,080 resolution will have 1,920 pixels, while any single vertical line will have 1,080 pixels. More pixels will improve a monitor's sharpness and clarity. VESA DisplayHDR: DisplayHDR is a set of standards laid out by VESA, an industry organization behind a variety of standards (including DisplayPort). DisplayHDR sets quality minimums that a monitor must reach to be certified. It's more specific than HDR which, in the case of gaming monitors, doesn't promise anything aside from the ability to accept an HDR signal. VESA mount: This is a standard mount for computer monitors laid out by VESA that uses four screws spaced 100 millimeters apart in a square pattern. Nearly all monitors and monitor arms use this mount.Vertical Alignment: Often abbreviated as VA, Vertical Alignment is a common LCD panel technology found in computer monitors. It's known for reaching deep, inky shadows in dark scenes and good color performance, but tends to show less clarity in motion. VA panels are the second most popular choice for gaming monitors.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 2nd, 2021

How to make six figures selling products online through dropshipping

Business Insider interviewed and vetted e-commerce entrepreneurs to offer advice about how to break into the exploding market and scale a business. Samantha Lee/Business Insider E-commerce is a growing sector of retail, as well as a burgeoning market for individuals looking to make money by selling products online. Dropshipping is a form of e-commerce selling in which the seller doesn't have to invest in inventory, so the start-up costs are low. Dropshipping can be done from anywhere, as a side-hustle or a full-time career. Business Insider has spoken to and vetted various e-commerce experts to put together a list of resources for people interested in starting dropshipping, or growing their existing business. Visit Business Insider's homepage for more stories. E-commerce is bigger than ever and it's only getting bigger. Today, it's not uncommon to shop on Instagram or buy products from companies you've never heard of directly off your phone. These trends aren't just good news for retail companies, they've also created an exploding market for individuals looking to make money through e-commerce, either as a side gig or full-time job.Many entrepreneurs use a product fulfillment method called "dropshipping" where they don't have to invest in inventory in order to sell items online. Dropshipping successfully can lead to six-figure sales — in fact, Business Insider has spoken with sellers who have sold more than $1 million of a single product.So what exactly is dropshipping? Dropshipping is a fulfillment method for online sales. It means the seller doesn't hold any inventory and essentially acts as a middleman between the customer and the supplier or manufacturer. The role of the seller — or dropshipper — is to market retail products and find potential buyers. First, they create an online store for the product (many dropshippers use Shopify to do this), and then they design ads and buy ad placements on social media platforms.When a product is sold, it gets shipped straight from the supplier to the customer. Often, dropshippers work with suppliers in China through wholesale marketplaces like Alibaba. Because the seller doesn't have to spend money on inventory, they can run their business from anywhere and the startup costs are relatively low. To start selling a product, dropshippers need to pay for a Shopify subscription, as well as for the product ads they run on Facebook or Google that drive shoppers back to their Shopify store.Samantha Lee/Business InsiderThere are tons of dropshipping tutorial videos on YouTube. But some dropship "mentors" out there make more money from selling courses than they do from actual dropshipping — and use YouTube content to portray a false sense of success. Luckily, Business Insider has interviewed and vetted dropshippers and industry experts to give our readers only the most trusted, useful information on the topic. Below are some resources that guide e-commerce entrepreneurs through everything from setting up a store and scaling their business to the overall global impact of dropshipping.This is how dropshipping works, its advantages, and how to set up your own storeKamil Sattar began dropshipping in 2017 using Shopify to set up online stores and sell products. Sattar recommends focusing on selling one product and making your store and branding look legitimate, because today's consumer has high standards for professionality when shopping online. Using additional apps and tools to automate aspects of your business, like a customer service bot, can improve reach and help you move more products.Read more: A 21-year-old is 'dripping in dropshipping money,' selling $1.7 million in products on Shopify this year. He shares his biggest tips for making e-commerce work for you.Here's how to identify a winning product and make it go viralDropshippers thrive by finding "niches," or categories of products, that are popular with consumers — like home goods, loungewear, or baby products. Brothers Steve and Evan Tan explain how to get in on a trend or niche early, which can lead to a product going viral and bringing in big money.Read more: Two brothers spotted a toy hamster in China and figured out how to make it a viral hit in the US, sparking over $1 million in sales. Here's the inside story of how it happened.Why working with vetted suppliers can improve customer experienceMany dropshippers source their products on wholesale sites based in China, like Alibaba and AliExpress. Often these suppliers have long ship times and no return policy, which can lead to frustrated customers. Saba Mohebpour created an online wholesale marketplace called Spocket that includes US and European based suppliers, all of which are vetted for reliability, to help dropshippers improve their customer experience.Read more: How dropshipping marketplace Spocket vets suppliers to help entrepreneurs gain repeat customers and compete with AmazonAdvice on smartly scaling your business from side hustle to full-time gigMany dropshippers operate as solo entrepreneurs, which can limit the amount of stores they're able to operate. Steve and Evan Tan grew their company to more than 400 employees since they began dropshipping in 2016, and recommend investing in team members as a part of a plan to scale. If you try to scale without the infrastructure, it can lead to issues with everything from supplier communications to shipping to answering customer emails.Read more: This dropshipping duo sold $12 million in goods during their first full year in business. Here's what they say about scaling from a side hustle to a money-making machine.Why dropshipping products you're passionate about can help with long term successMoving from niche to niche is one way to dropship, but e-commerce and marketing expert Neil Patel says that focusing on one category you're really passionate about is better in the long run. Patel says that becoming an expert in your category and creating useful content and thought leadership requires emotional investment, and can help you establish a real presence.Read more: An e-commerce mentor shares his top 5 strategies for sustaining a dropshipping careerWhy major retailers are also adopting dropshippingDropshipping isn't just a method used by e-commerce entrepreneurs, it's also become a crucial method for big-name retailers to expand their online inventory. When retailers like Nordstrom and Kohl's create these deals with suppliers, the supplier gets the benefit of broader reach through the retailer's site, and the retailer doesn't have to buy inventory or use up warehouse space. An expert explains the pros and cons of these relationships.Read more: At least 40% of retailers use dropshipping to expand their online inventory and compete with Amazon — and those numbers will only grow, experts sayRead the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 2nd, 2021