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EA Sports is planning for a FIFA without FIFA

To millions of people around the world, the letters FIFA now represent not actual soccer but instead a one-word shorthand for the hugely popular video game series that has become a fixture in the lives of players......»»

Category: topSource: bizjournalsOct 13th, 2021

5 Top-Ranked ETFs That Outperformed the Market in October

Studying the October rally, we highlight some top-ranked ETFs that have outperformed the market in the last month. Investors remained optimistic in October, enjoying the upbeat third-quarter earnings season. The stock market rallied impressively despite concerns surrounding the rising material prices from supply-chain disturbances, COVID-19 uncertainty and Federal Reserve’s tapering concerns. In fact, all the three major averages closed at a record for the third trading session in a row on Nov 2.The central bank is expected to roll back the month-end bond purchases by cutting $10 billion of $80 billion a month in Treasuries and $5 billion from $40 billion a month in mortgage-backed securities (per a CNBC article). If everything goes well, the Federal Reserve expects to finish off tapering by mid-2022.Market pundits are crediting the stupendous rally to the impressive earnings season. Notably, 83% of the S&P 500 companies that reported earnings results have surpassed analysts’ earnings estimates as of Nov 2, per the FactSet data (according to a CNBC article). The earnings results have also erased investors’ worries stemming from the rising supply-chain disturbances, gradually eroding the corporate profit margins.The ongoing optimism in the market is keeping investors optimistic about the year-end rally. In this regard, Keith Lerner, co-chief investment officer at Truist, has commented that “The primary market trend appears higher. In the eight periods since 1950 where stocks were up more than 20% through October, as they are this year, the S&P 500 tacked on additional gains by year end 100% of the time with an average gain of 6.2%,” as stated in a CNBC article.Studying the October rally, here we highlight some top-ranked ETFs that have outperformed the market over the last month:Invesco DWA Industrials Momentum ETF PRN — up 16.3% in the past monthThe industrial sector has been attracting investor attention as the gradual reopening of U.S. and global economies highlights brighter prospects. Consumer confidence in the United States rose in October primarily on the heels of easing Delta variant concerns, improving labor market conditions, rebounding U.S. economy from the pandemic-led slump and accelerated coronavirus vaccine rollouts.The fund seeks to provide investment results that, before expenses, match the performance of the Dorsey Wright Industrials Technical Leaders Index. Its expense ratio is 0.60%. The fund sports a Zacks ETF Rank #2 (Buy) with a Medium-risk outlook (read: Beyond Clean Energy, 5 Sector ETFs Soaring to Record Highs).SPDR S&P Semiconductor ETF XSD — up 15.4%The semiconductor industry has been increasingly gaining investors' attention backed by its bright prospects. The coronavirus-induced work-from-home and web-based learning trends have spurred demand for chips from PC manufacturers and data-center operators. The increasing importance of Hybrid cloud among enterprises is attracting investments from large public cloud providers, including Amazon Web Services, Microsoft Azure, Google Cloud, International Business Machines and Oracle. The data-center chip providers will likely gain from this trend.This ETF follows the S&P Semiconductor Select Industry Index. It charges 35 basis points (bps) in fees a year from investors. It flaunts a Zacks ETF Rank #1 (Strong Buy), with a High-risk outlook (read: 5 Top-Ranked Chip ETFs to Gain on Ongoing Supply Crisis).The Consumer Discretionary Select Sector SPDR Fund XLY — up 12.5%Consumers seem to be looking forward to buying homes, motor vehicles and major household durables. In fact, the buying attitude for vehicles and homes is expanding. The survey also showed that the proportion of the population planning to go on vacation has shot up to the highest level since February 2020, as mentioned in a Reuters article.The Conference Board's measure of consumer confidence index stands at 113.8 in comparison to 109.8 in September. The metric has finally broken the streak of three consecutive monthly declines. October’s reading also beat the consensus estimate of the metric, coming in at 108.3, per a Reuters’ poll. The metric continues to be below the pre-pandemic level of 132.6 in February 2020.This is the largest and the most popular product in the consumer discretionary space. It tracks the Consumer Discretionary Select Sector Index. The fund charges 12 bps in fees per year and carries a Zacks ETF Rank #2, with a Medium-risk outlook (read: ETFs Riding on Tesla's Surge).Invesco DWA Technology Momentum ETF PTF — up 12.4%Technology plays an instrumental role amid the COVID-19 uncertainty in aiding people to maintain safe-distancing norms. As the U.S. economy was reopening, an increasing number of American shoppers were seen to be visiting stores for some retail therapy. However, with the surging Delta variant cases, shoppers are expected to resort to online shopping again.Certain other ‘new normal’ trends have also emerged amid the health crisis like work from home, increasing digital payments, growing video streaming and soaring video game sales. The pandemic is also a boon for the e-commerce industry as people continue staying indoors and shopping online for all essentials, especially food items.The fund seeks to provide investment results that, before expenses, match the performance of the Dorsey Wright Technology Technical Leaders Index. Its expense ratio is 0.60% and carries a Zacks ETF Rank #2, with a High-risk outlookFirst Trust Nasdaq Transportation ETF FTXR — up 10.9%This holiday season appears to be a comparatively strong period for retailers. Moreover, the growing inclination toward e-commerce has resulted in a wider reach for players in the retail space. That’s why there is likely to be a surge in demand for freight services to deliver the products ordered online.This ETF follows the Nasdaq US Smart Transportation Index. It charges 60 bps in fees a year from investors. It flaunts a Zacks ETF Rank #2. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>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 Invesco DWA Industrials Momentum ETF (PRN): ETF Research Reports Invesco DWA Technology Momentum ETF (PTF): ETF Research Reports Consumer Discretionary Select Sector SPDR ETF (XLY): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports First Trust NASDAQ Transportation ETF (FTXR): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 3rd, 2021

Esperion (ESPR) Beats on Q3 Earnings, Lowers Expense Guidance

Esperion Therapeutics (ESPR) reports solid third-quarter results, beating estimates for earnings and sales. However, the stock declines in pre-market trading. Esperion Therapeutics, Inc. ESPR incurred a loss per share of $2.62 per share for the third quarter of 2021, narrower than the Zacks Consensus Estimate of a loss of $2.86 per share. The company had recorded earnings of $3.07 per share in the year-ago period.The company generated revenues of $14.4 million, beating the Zacks Consensus Estimate of $12.31 million. The company had recorded revenues of $3.8 million in the year-ago quarter.Shares of Esperion were however down 7.4% in pre-market trading on Nov 2. In fact, Esperion’s stock has lost 58.2% so far this year compared with the industry’s 11.1% decrease.Image Source: Zacks Investment ResearchQuarter in DetailsEsperion launched its first commercial drug — Nexletol — in March 2020 followed by Nexlizet in June in the United States. While Nexletol is a bempedoic acid monotherapy tablet, Nexlizet is a combination of bempedoic acid and Merck’s MRK Zetia (ezetimibe) that are approved for treating elevated LDL-C (bad cholesterol).Both these drugs received approval in Europe in April 2020. In Europe, Nexletol is available as Nilemdo and Nexlizet as Nustendi. Daiichi Sankyo, Esperion’s collaboration partner for Europe, launched the drugs in Germany in November 2020. Esperion records royalty on sales of its drugs in Europe.Product revenues, solely from the United States, were $10.9 million in the third quarter compared with $3.3 million in the year-ago quarter and $10.3 million in the previous quarter. The company stated that prescriptions for its drugs were up 10% year over year.The company recorded royalty revenues of $1.2 million during the reported quarter, compared with $1 million in the previous quarter. The drugs continued to show strong momentum in Europe. The item was included in Collaboration revenues, which were $3.5 million during the third quarter, compared with $0.5 million in the year-ago quarter.Research and development (R&D) expenses decreased 28.3% from the year-ago period to $25.3 million due to lower clinical activities.Selling, general and administrative expenses (SG&A) were down 19.5% year over year to $39.3 million.As of Sep 30, 2021, Esperion had cash, cash equivalents and investment securities of $153.7 million compared with $219.2 million as of Jun 30, 2021.Restructuring PlansLast month, Esperion announced a plan to align its operational and expense structure, which will help the company to deliver better growth. The company plans targeted program savings and will reduce 40% of its workforce to lower its operating expense.The company plans to streamline its sales force, and target cardiologists and primary care physicians for the promotion of its marketed drugs. It made the decision after a systematic review and is currently planning to focus on the commercialization of its two drugs as well as on the ongoing CLEAR Outcomes study, a CVOT study, evaluating Nexletol and Nexlizet in patients who have statin intolerability.Guidance for 2021 & 2022Esperion lowered its guidance for R&D and SG&A costs in 2021 and provided a new guidance for 2022. The company anticipates R&D expense for 2021 to be in the range of $110-$115 million compared with $120-$130 million expected previously. SG&A expense is expected to be between $195 million and $200 million, down from the previous expectation of $200-$210 million.The company expects R&D expense for 2022 to be in the range of $100-$110 million, while SG&A expense is expected to be between $120 million and $130 million.Esperion Therapeutics, Inc. Price, Consensus and EPS Surprise Esperion Therapeutics, Inc. price-consensus-eps-surprise-chart | Esperion Therapeutics, Inc. QuoteZacks Rank & Stocks to ConsiderEsperion currently carries a Zacks Rank #3 (Hold).A couple of better-ranked stocks from the same sector include Xencor XNCR and Neurocrine Biosciences NBIX. While Xencor sports a Zacks Rank #1 (Strong Buy), Neurocrine carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Xencor’s loss per share estimates have narrowed from 75 cents to 33 cents for 2021 and from $3.14 to $2.92 for 2022 in the past 30 days. The stock has risen 3.1% so far this year.Neurocrine’s earnings per share estimates have moved north from $1.89 to $1.93 for 2021 and from $3.64 to $3.68 for 2022 in the past 30 days. The stock has risen 10.8% so far this year. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Merck & Co., Inc. (MRK): Free Stock Analysis Report Neurocrine Biosciences, Inc. (NBIX): Free Stock Analysis Report Esperion Therapeutics, Inc. (ESPR): Free Stock Analysis Report Xencor, Inc. (XNCR): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksNov 2nd, 2021

Airbnb (ABNB) to Report Q3 Earnings: What"s in the Offing?

Airbnb's (ABNB) third-quarter results are likely to reflect gains from the rebound in the travel demand. Airbnb ABNB is scheduled to report third-quarter 2021 results on Nov 4.For the third quarter, the Zacks Consensus Estimate for the same is pegged at $2.06 billion.Further, the consensus mark for third-quarter earnings is projected at 84 cents per share. Notably, the figure has been unchanged over the past 30 days.Airbnb, Inc. Price and EPS Surprise  Airbnb, Inc. price-eps-surprise | Airbnb, Inc. QuoteFactors to ConsiderAirbnb is expected to have continued gaining from the ongoing vaccination drive-led recovery in the travel trends in the to-be-reported quarter.Strengthening travel demand in Europe and North America, removing travel restrictions, and growing travelers' preferences toward crossing the border for vacation are likely to have been significant tailwinds for the company.Amid this, the company is anticipated to have witnessed strong growth in its Nights and Experiences Booked number in the third quarter. This, in turn, is likely to have driven growth in its Gross Booking Value.Airbnb’s growing efforts toward product innovations are anticipated to have been positives. Its new search products, which offer flexibility during the planning and booking of trips, are likely to have aided the company in gaining momentum among travelers in the third quarter.In addition to these, growing momentum in hosting is expected to have bolstered the company’s active listings in the quarter under review.However, uncertainties associated with the ongoing pandemic and the Delta variant are anticipated to have persisted as significant headwinds for the company in the quarter-to-be-reported.What Our Model SaysOur proven model does not conclusively predict an earnings beat for Airbnb this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Airbnb has an Earnings ESP of -11.82% and a Zacks Rank #3.Stocks to ConsiderHere are some stocks that you may consider, as our model shows that these have the right combination of elements to beat on earnings this season.Applied Materials AMAT has an Earnings ESP of +0.52% and a Zacks Rank of 2 at present.HP Inc. HPQ has an Earnings ESP of +1.89% and it currently sports a Zacks Rank of 1.NetApp, Inc. NTAP has an Earnings ESP of +3.70% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 HP Inc. (HPQ): Free Stock Analysis Report NetApp, Inc. (NTAP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Square, Inc. (SQ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 1st, 2021

Tesla’s “Rounding Error” Of Sales Improvement

Stanphyl Capital’s commentary for the month ended October 31, 2021, discussing their short position in Tesla Inc (NASDAQ:TSLA). Q3 2021 hedge fund letters, conferences and more The Biggest Bubble In Modern Stock Market History We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA), which now has a completely absurd diluted […] Stanphyl Capital’s commentary for the month ended October 31, 2021, discussing their short position in Tesla Inc (NASDAQ:TSLA). 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 The Biggest Bubble In Modern Stock Market History We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA), which now has a completely absurd diluted market cap of $1.25 trillion. Perhaps this ridiculousness is best shown graphically, courtesy of @MichalStupavsky and @AlbertBridgeCap; note that both these graphics were created hundreds of billions of dollars ago in Tesla market cap, and when viewing them please keep in mind that Tesla’s share of the world auto market is only around 1.1% (yes, one POINT one percent): And yet at some point when momentum-riding Tesla bulls (or, for that matter, bears) least expect it, TSLA will recouple with “reality,” and that’s why I continue to maintain a core short position. So here’s “reality”… Tesla has no “moat” of any kind; i.e., nothing meaningfully proprietary in terms of electric car technology, while existing automakers—unlike Tesla­—have a decades-long “experience moat” of knowing how to mass-produce, distribute and service high-quality cars consistently and profitably. Excluding sunsetting emission credit sales Tesla is barely profitable. Growth in sequential unit demand for Tesla’s cars is at a crawl relative to expectations. Elon Musk is a pathological liar who under the terms of his SEC settlement cannot deny having committed securities fraud. Tesla's Q3 Deliveries In October Tesla reported Q3 deliveries of 241,000 cars, 18,000 more than Wall Street’s “official” consensus and around 11,000 more than the 230,000-delivery “whisper number.” These (and even the entire 40,000-unit gain over Q2) are rounding errors for an auto company trading at even one-tenth of Tesla’s valuation. If in any quarter GM or VW or Toyota sold 2.04 million vehicles instead of 2 million or 1.96 million, no one would pay the slightest bit of attention to the difference. Seeing as Tesla is now being valued at nearly sixteen GMs, it’s time to start looking at its relatively tiny numerical sequential sales growth, rather than Wall Street’s sell-side hype of “percentage off a small base.” In other words, if you want to be valued at a giant multiple of “the big boys,” you should be treated as a big boy. In fact, a favorite hype story from Tesla fans has been “the China market” and its “record” number of 73,659 Q3 deliveries there. Let’s put this in perspective: this was only around 4000 more cars than in Q1 and only around 11,000 more than in Q2—these are “growth” rounding errors. And that “record” Q3 China quarter gave it just 1.5% of the overall passenger vehicle market and just 11% of the BEV market, and it had so much excess capacity that it exported tens of thousands of cars to Europe. And now in October, Tesla sales in China reportedly fell back to just 12,000 units. Remember when Musk claimed that Tesla’s Chinese domestic demand alone would need multiple factories to satisfy? Ah, the good old days! One likely way Tesla was able to post an upside surprise in Q3 deliveries was because competitors’ production (and thus inventories) were at the lowest level in decades due to the massive chip shortage, thereby eliminating a number of “Tesla alternatives.” Meanwhile, Tesla had record production because Musk (a notorious “corner-cutter”) was apparently willing to substitute untested, non-auto-grade chips for the more durable chips he couldn’t get; please see my Twitter post about this. Rounding Error As for the demand implications of the new U.S. EV tax credit (assuming it passes in its current form—which, by the way, benefits GM & Ford’s union-made cars with a $12,500 per-car credit vs. just $8000 for each Tesla), please see my Twitter thread as to why—relative to Tesla’s insane valuation and its fans’ expectations—it will likely result in just another “rounding error” of sales improvement. In its Q3 earnings report (released in October), Tesla claimed it made around $1.3 billion in free cash flow (defined as operating cash flow less capex). However, this number appears to be entirely due to working capital adjustments and not from the business itself. Let me explain: Tesla claimed operating cash flow of around $3.2 billion for the quarter, but this came with the benefit of accounts payable increasing by $702 million, receivables declining by $167 million and accrued liabilities up by $665 million while (detrimentally) prepaid expenses increased by $144 million. Adjusting for that massive net working capital benefit, operating cash flow was only a bit over $1.8 billion and with capex at $1.8 billion it means Tesla’s Q3 free cash flow was essentially zero; i.e., it’s a horrible business. Also in its Q3 report Tesla claimed it made around $1.45 billion in net income after excluding $279 million of pure-profit emission credit sales (excluded because they’ll almost entirely disappear some time next year when other automakers will have enough EVs of their own), and after adding back a $50 million Bitcoin write-down. However, that earnings number also includes what I estimate to be Tesla’s usual $300 million or so in unsustainably low warranty provisioning, and after adjusting for that and assuming no other fraudulent accounting, Tesla only earned around $1.06/share, which annualizes to $4.24. An auto industry PE multiple of 10x would thus make TSLA worth around $42/share (admittedly, more than the “$0” I once expected), while a “growth multiple” of 20x would value it at $84, which is almost a 93% discount to October’s closing price of $1114. And before you tell me that a 100% premium to the industry’s PE ratio isn’t enough, keep in mind that—as noted earlier—Tesla’s sequential unit growth is an auto industry rounding error. In fact, one could argue that Tesla’s multiple should carry a discount, considering the massive legal and financial liabilities continually generated by its pathologically lying CEO. Meanwhile Tesla continues to sell (and book cash flow, if not accounting revenue from) its fraudulent & dangerous so-called “Full Self Driving.” In a sane regulatory environment Tesla having done this for five years now would be considered “consumer fraud,” and indeed the regulatory tide may finally be turning, as in August two U.S. Senators demanded an FTC investigation and in October the NHTSA appointed a harsh critic of this deadly product to advise on its regulation. (For all known Tesla deaths see TeslaDeaths.com.) Are major write-downs and refunds on the way, killing the company’s slight “claimed profitability”? Stay tuned! And remember, the 2021 overview from Guidehouse Insights rates Tesla dead last among autonomous competitors: Proprietary Battery Technology Another favorite Tesla hype story has been built around so-called “proprietary battery technology.” In fact though, Tesla has nothing proprietary there—it doesn’t make them, it buys them from Panasonic, CATL and LG, and it’s the biggest liar in the industry regarding the real-world range of its cars. And if new-format 4680 cells enter the market some time in 2022 (as is now expected), their manufacturers will gladly sell them to anyone. Meanwhile, the quality of the Model Y—is awful, and that car faces current (or imminent) competition from the much better built electric Audi Q4 e-tron, BMW iX3, Mercedes EQA, Volvo XC40 Recharge, Volkswagen ID.4, Ford Mustang Mach E, Nissan Ariya, Hyundai Ioniq 5 and Kia EV6. And Tesla’s Model 3 now has terrific direct “sedan competition” from Volvo’s beautiful Polestar 2 and the premium version of Volkswagen’s ID.3 (in Europe), and later this year from the BMW i4, plus multiple local competitors in China. And in the high-end electric car segment worldwide the Audi e-tron and Porsche Taycan outsell the Models S & X (and the newly updated Tesla models with their dated exteriors and idiotic shifters & steering wheels won’t change this), while the spectacular new Mercedes EQS, Audi e-Tron GT and Lucid Air make the Tesla Model S look like a fast Yugo, while the extremely well reviewed new BMW iX does the same to the Model X. And oh, the joke of a “pickup truck” Tesla previewed in 2019 (and still hasn’t shown in production-ready form) won’t be much of “growth engine” either, as it will enter a dogfight of a market; in fact, in May Ford formally introduced its terrific new all-electric F-150 Lightning which now has over 150,000 reservations, Rivian’s pick-up has gotten fantastic early reviews, and in January at CES GM will introduce its electric Silverado. Meanwhile, Tesla quality ranks 30th among 33 brands in the latest J.D. Power dependability survey… …and second-to-last in the latest Consumer Reports reliability survey: …while the most recent What Car? survey shows similar results with Tesla finishing #29 out of 31, and now quality is slipping in China. Regarding safety, as noted earlier in this letter, Tesla continues to deceptively sell its hugely dangerous so-called “Autopilot” system, which Consumer Reports has completely eviscerated; God only knows how many more people this monstrosity unleashed on public roads will kill, despite the NTSB condemning it. Elsewhere in safety, in 2020 the Chinese government forced the recall of tens of thousands of Teslas for a dangerous suspension defect the company spent years trying to cover up, and now Tesla has been hit by a class-action lawsuit in the U.S. for the same defect. Tesla also knowingly sold cars that it knew were a fire hazard and did the same with solar systems, and after initially refusing to do so voluntarily, it was forced to recall a dangerously defective touchscreen. In other words, when it comes to the safety of customers and innocent bystanders, Tesla is truly one of the most vile companies on Earth. Meanwhile the massive number of lawsuits of all types against the company continues to escalate. So Here Is Tesla’s Competition In Cars (Note: These Links Are Regularly Updated)... Porsche Taycan Porsche Taycan Cross Turismo Porsche Macan Electric SUV Officially Coming in 2023 Volkswagen ID.3 Headlines VW's Electrified Future Volkswagen ID.4 Electric SUV Volkswagen ID 6 to arrive with 435-mile range in 2023 Volkswagen Aero B: new electric Passat equivalent spied VW’s Cupra brand counts on performance for Born EV Cupra, VW brand to get entry-level battery-powered cars Audi e-tron Audi e-tron Sportback Audi E-tron GT Audi Q4 e-tron Audi Q6 e-tron confirmed for 2022 launch Audi previews long-range A6 e-tron EV Audi TT set to morph into all-electric crossover Hyundai Ioniq 5 Hyundai Ioniq 6 spotted ahead of 2022 launch Hyundai Kona Electric Genesis reveals their first EV on the E-GMP platform, the electric GV60 crossover Genesis aims to go all-electric from 2025 Kia Niro Electric: 239-mile range & $39,000 before subsidies Kia EV6: Charging towards the future Kia EV4 on course to grow electric SUV range Jaguar’s All-Electric i-Pace Jaguar to become all-electric brand; Land Rover to Get 6 electric models Daimler will invest more than $47B in EVs and be all-electric ready by 2030 Mercedes EQS: the first electric vehicle in the luxury class Mercedes EQS SUV takes shape Mercedes-Benz unveils EQE electric sedan with impressive 400-mile range Mercedes EQE SUV to rival BMW iX and Tesla Model X Mercedes EQC electric SUV available now in Europe & China Mercedes-Benz Launches the EQV, its First Fully-Electric Passenger Van Mercedes-Benz EQB Makes Its European Debut, US Sales Confirmed Mercedes-Benz unveils EQA electric SUV with 265 miles of range and ~$46,000 price Ford Mustang Mach-E Available Now Ford F-150 Lightning electric pick-up available 2022 Ford set to launch ‘mini Mustang Mach-E’ electric SUV in 2023 Ford to offer EV versions of Explorer, Aviator, ‘rugged SUVs' Volvo Polestar 2 Volvo XC40 Recharge Volvo C40 electric sedan to challenge Tesla Model 3, VW ID3 Polestar 3 will be an electric SUV that shares its all-new platform with next Volvo XC90 Chevy updates, expands Bolt EV family as price drops Cadillac All-Electric Lyriq Available Spring 2022 GMC ALL-ELECTRIC SUPERTRUCK HUMMER EV GM to build electric Silverado in Detroit with estimated range of more than 400 miles GMC to launch electric Hummer SUV in 2023 GM will offer 30 all-electric models globally by 2025 GM Launches BrightDrop to Electrify the Delivery of Goods and Services Nissan vows to hop back on EV podium with Ariya Nissan LEAF e+ with 226-mile range is available now BMW leads off EV offensive with iX3 BMW expands EV offerings with iX tech flagship and i4 sedan 2022 BMW iX1 electric SUV spied BMW 3-series EV coming Rivian R1T Is the Most Remarkable Pickup We’ve Ever Driven Renault upgrades Zoe electric car as competition intensifies Renault Dacia Spring Electric SUV Renault to boost low-volume Alpine brand with 3 EVs Renault's electric Megane will debut new digital cockpit Stellantis promises 'heart-of-the-market SUV' from new, 8-vehicle EV platform Alfa Romeo is latest Stellantis brand to get all-electric future Peugeot e-208 PEUGEOT E-2008: THE ELECTRIC AND VERSATILE SUV Peugeot 308 will get full-electric version Citroen compact EV challenges VW ID3 on price Maserati to launch electric sports car Mini Cooper SE Electric Toyota's bZ4X EV gets 300-mile range, steer by wire; first of 7 BEVs by 2025 Opel sees electric Corsa as key EV entry 2021 Vauxhall Mokka revealed as EV with sharp looks, massive changes Skoda Enyaq iV electric SUV offers range of power, battery sizes Electric Skoda Enyaq coupe to muscle-in on Tesla Model 3 Skoda plans small EV, cheaper variants to take on French, Korean rivals Nio to launch in five more European countries after Norway BYD will launch electric SUV in Europe The Lucid Air Achieves an Estimated EPA Range of 517 Miles on a Single Charge Bentley converting to electric-only brand All-electric Rolls-Royce Spectre to launch in 2023 – firm to be EV-only by 2030 Aston Martin will build electric vehicles in UK from 2025 Meet the Canoo, a Subscription-Only EV Pod Coming in 2021 Two new electric cars from Mahindra in India; Global Tesla rival e-car soon Former Saab factory gets new life building solar-powered Sono Sion electric cars Foxconn aims for 10% of electric car platform market by 2025 And In China... How VW Group plans to dominate China's EV market VW Goes Head-to-Head With Tesla in China With New ID.4 Crozz Electric SUV Volkswagen’s ID.3 EV to be produced by JVs with SAIC, FAW in 2021 2022 VW ID.6 Revealed With Room For Seven And Two Electric Motors China-built Audi e-tron rolls off production line in Changchun Audi Q2L e-tron debuts at Auto Shanghai Audi will build Q4 e-tron in China Audi Q5 e-tron Confirmed For China Audi in cooperation company for local electric car production with FAW FAW Hongqi starts selling electric SUV with 400km range for $32,000 FAW (Hongqi) to roll out 15 electric models by 2025 BYD goes after market left open by Tesla with four cheaper models for budget-conscious buyers BYD said to launch premium NEV brand ‘Dolphin’ in 2022 Top of Form Bottom of Form Daimler & BYD launch DENZA electric vehicle for the Chinese market Geely announces premium EV brand Zeekr Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars Mercedes styled Denza X 7-seat electric SUV to hit market Mercedes ‘makes mark’ with China-built EQC BMW, Great Wall to build new China plant for electric cars BAIC Goes Electric, & Establishes Itself as a Force in China’s New Energy Vehicle Future BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV Toyota, BYD will jointly develop electric vehicles for China Lexus to launch EV in China taking on VW and Tesla GAC Aion about to start volume production of 1,000-km range AION LX GAC Toyota to ramp up annual capacity by 400,000 NEVs GAC kicks off delivery of HYCAN 007 all-electric SUV Nio – Ready For Tomorrow Nio steps up plans for mass-market brand to compete with VW, Toyota Xpeng Motors sells multiple EV models SAIC-GM to build Ultium EV platform in Wuhan Chevrolet Menlo Electric Vehicle Launched in China Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China Buick Velite 7 EV And Velite 6 PHEV Launch In China Dongfeng launches the all-electric Voyah  PSA to accelerate rollout of electrified vehicles in China SAIC, Alibaba-backed EV brand IM begins presale of first model L7 Hyundai Motor Transforming Chongqing Factory into Electric Vehicle Plant Polestar said to plan China showroom expansion to compete with Tesla Jaguar Land Rover's Chinese arm invests £800m in EV production Renault reveals series urban e-SUV K-ZE for China Renault & Brilliance detail electric van lineup for China Renault forms China electric vehicle venture with JMCG Honda to start sales of new EV-branded vehicles in China in 2022 Geely launches new electric car brand 'Geometry' – will launch 10 EVs by 2025 Geely, Foxconn form partnership to build cars for other automakers Fiat Chrysler, Foxconn Team Up for Electric Vehicles Baidu to create an intelligent EV company with automaker Geely Leapmotor starts presale of C11 electric SUV on Jan. 1 2021 Changan forms subsidiary Avatar Technology to develop smart EVs with Huawei, CATL WM Motors/Weltmeister Chery Seres Enovate China's cute Ora R1 electric hatch offers a huge range for less than US$9,000 Singulato JAC Motors releases new product planning, including many NEVs Seat to make purely electric cars with JAC VW in China Iconiq Motors Hozon Aiways Skyworth Auto Youxia CHJ Automotive begins to accept orders of Leading Ideal ONE Infiniti to launch Chinese-built EV in 2022 Human Horizons Chinese smartphone giant Xiaomi to launch electric car business with $10 billion investment Lifan Technology to roll out three EV models with swappable batteries in 2021 Here’s Tesla’s Competition In Autonomous Driving... Waymo ranked top & Tesla last in Guidehouse leaderboard on automated driving systems Tesla has a self-driving strategy other companies abandoned years ago Fiat Chrysler, Waymo expand self-driving partnership for passenger, delivery vehicles Waymo and Lyft partner to scale self-driving robotaxi service in Phoenix Volvo, Waymo partner to build self-driving vehicles Jaguar and Waymo announce an electric, fully autonomous car Renault, Nissan partner with Waymo for self-driving vehicles Cruise and GM Team Up with Microsoft to Commercialize Self-Driving Vehicles Cadillac Super Cruise Sets the Standard for Hands-Free Highway Driving Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle Honda launching Level 3 autonomous cars Volkswagen moves ahead with Autonomous Driving R&D for Mobility as a Service Volkswagen teams up with Microsoft to accelerate the development of automated driving VW taps Baidu's Apollo platform to develop self-driving cars in China Ford's electric Mustang will offer hands-free driving technology in 2021 ARGO AI AND FORD TO LAUNCH SELF-DRIVING VEHICLES ON LYFT NETWORK BY END OF 2021 Hyundai and Kia Invest in Aurora Toyota, Denso form robotaxi partnership with Aurora Aptiv and Hyundai Motor Group complete formation of autonomous driving joint venture Amazon’s Zoox unveils electric robotaxi that can travel up to 75 mph Nvidia and Mercedes Team Up to Make Next-Gen Vehicles Daimler's heavy trucks start self-driving some of the way SoftBank, Toyota's self-driving car venture adds Mazda, Suzuki, Subaru Corp, Isuzu Daihatsu  Continental & NVIDIA Partner to Enable Production of Artificial Intelligence Self-Driving Cars Mobileye and Geely to Offer Most Robust Driver Assistance Features Mobileye Starts Testing Self-Driving Vehicles in Germany Mobileye and NIO Partner to Bring Level 4 Autonomous Vehicles to Consumers Lucid Chooses Mobileye as Partner for Autonomous Vehicle Technology AutoX, backed by Alibaba Nissan gives Japan version of Infiniti Q50 hands-free highway driving Hyundai to start autonomous ride-sharing service in Calif. Pony.ai raises $462 million in Toyota-led funding Baidu kicks off trial operation of Apollo robotaxi in Changsha Toyota to join Baidu's open-source self-driving platform Baidu, WM Motor announce strategic partnership for L3, L4 autonomous driving solutions Volvo will provide cars for Didi's self-driving test fleet BMW and Tencent to develop self-driving car technology together BMW, NavInfo bolster partnership in HD map service for autonomous cars in China GM Invests $300 M in Momenta to deliver self-driving technologies in China FAW Hongqi readies electric SUV offering Level 4 autonomous driving Tencent, Changan Auto Announce Autonomous-Vehicle Joint Venture Huawei teams up with BAIC BJEV, Changan, GAC to co-launch self-driving car brands GAC Aion, DiDi Autonomous Driving to co-develop driverless NEV model BYD partners with Huawei for autonomous driving Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars Xpeng releases autonomous features for highway driving Nuro Becomes First Driverless Car Delivery Service in California Deutsche Post to Deploy Test Fleet Of Fully Autonomous Delivery Trucks ZF autonomous EV venture names first customer Magna’s new MAX4 self-driving platform offers autonomy up to Level 4 Groupe PSA’s safe and intuitive autonomous car tested by the general public Mitsubishi Electric to Exhibit Autonomous-driving Technologies in New xAUTO Test Vehicle Apple acquires self-driving startup Drive.ai Motional to begin robotaxi testing with Hyundai Ioniq 5 in Los Angeles JD.com Delivers on Self-Driving Electric Trucks NAVYA Unveils First Fully Autonomous Taxi Fujitsu and HERE to partner on advanced mobility services and autonomous driving Here’s Where Tesla’s Competition Will Get Its Battery Cells... Panasonic (making deals with multiple automakers) LG Samsung SK Innovation Toshiba CATL BYD Volkswagen to Build Six Electric-Vehicle Battery Factories in Europe How GM's Ultium Battery Will Help It Commit to an Electric Future Ultium (General Motors & LG joint venture) GM to develop lithium-metal batteries with SolidEnergy Systems Ford, SK Innovation announce EV battery joint venture BMW & Ford Invest in Solid Power to Secure All Solid-State Batteries for Future Electric Vehicles Stellantis, LG Energy Solution to form battery JV for N. American market Toyota to build U.S. battery plant Daimler joins Stellantis as partner in European battery cell venture ACC Renault signs EV battery deals with Envision, Verkor for French plants Nissan to build $1.4bn EV battery plant in UK with Chinese partner UK companies AMTE Power and Britishvolt plan $4.9 billion investment in battery plants Freyr Verkor Farasis Microvast Akasol Cenat Wanxiang Eve Energy Svolt Romeo Power ProLogium Hyundai Motor developing solid-state EV batteries Daimler Morrow Here’s Tesla’s Competition In Charging Networks... Electrify America is spending $2 billion building a high-speed U.S. charging network GM to distribute up to 10 chargers to each of its dealerships starting early 2022 GM, EVgo partner to expand U.S. charging network Circle K Owner Plans Electric-Car Charging Push in U.S., Canada 191 U.S. Porsche dealers are installing 350kw chargers ChargePoint to equip Daimler dealers with electric car chargers GM and Bechtel plan to build thousands of electric car charging stations across the US Ford introduces 12,000 station charging network, teams with Amazon on home installation Shell Plans To Deploy Around 500,000 Charging Points Globally By 2025 Petro-Canada Introduces Coast-to-Coast Canadian Charging Network Volta is rolling out a free charging network Ionity Europe E.ON and Virta launch one of the largest intelligent EV charging networks in Europe Volkswagen plans 36,000 charging points for electric cars throughout Europe Smatric has over 400 charging points in Austria Allego has hundreds of chargers in Europe PodPoint UK charging stations BP Chargemaster/Polar is building stations across the UK Instavolt is rolling out a UK charging network Fastned building 150kw-350kw chargers in Europe Aral To Install Over 100 Ultra-Fast Chargers In Germany Deutsche Telekom launches installation of charging network for e-cars Total to build 1,000 high-powered charging points at 300 European service-stations NIO teams up with China’s State Grid to build battery charging, swapping stations Volkswagen-based CAMS launches supercharging stations in China Volkswagen, FAW Group, JAC Motors, Star Charge formally announce new EV charging JV BMW to Build 360,000 Charging Points in China to Juice Electric Car Sales BP, Didi Jump on Electric-Vehicle Charging Bandwagon Evie rolls out ultrafast charging network in Australia Evie Networks To Install 42 Ultra-Fast Charging Sites In Australia And Here’s Tesla’s Competition In Storage Batteries... Panasonic Samsung LG BYD AES + Siemens (Fluence) GE Bosch Hitachi ABB Toshiba Saft Johnson Contols EnerSys SOLARWATT Schneider Electric Sonnen Kyocera Generac Kokam NantEnergy Eaton Nissan Tesvolt Kreisel Leclanche Lockheed Martin EOS Energy Storage ESS UET electrIQ Power Belectric Stem ENGIE Redflow Renault Primus Power Simpliphi Power redT Energy Storage Murata Bluestorage Adara Blue Planet Tabuchi Electric Aggreko Orison Moixa Powin Energy Nidec Powervault Kore Power Shanghai Electric Schmid 24M Ecoult Innolith LithiumWerks Natron Energy Energy Vault Ambri Voltstorage Cadenza Innovation Morrow Gridtential Villara Elestor   Thanks and stay healthy, Mark Spiegel Updated on Nov 1, 2021, 11:19 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: valuewalkNov 1st, 2021

Saturday links: great customer service

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... AutosIn Americans' eyes Teslas ($TSLA) ARE EVs. (cnbc.com)How Uber ($UBER) is planning to get more drivers into Teslas ($TSLA). (axios.com)If nothing else, Hertz ($HTZ) is working hard to stay relevant. (axios.com)TransportWhat it's like to fly a Joby ($JOBY) eVTOL plane. (axios.com)Contrary to popular belief the scooter rental business isn't dead yet. (indystar.com)EnergyWhere in the U.S. the power grid is becoming more unstable. (washingtonpost.com)Hawaii is set to ditch coal power. The transition has not been smooth. (canarymedia.com)Solar projects are throttled in areas where the grid can't handle their output. (nytimes.com)A cool looking wall that harnesses wind power. (fastcompany.com)3-D Homes3-D printed houses are becoming a thing. (axios.com)3-D printed houses have come to the U.S. (wsj.com)WaterCalifornia's rain is helping to alleviate some problems, but there is still a water deficit. (washingtonpost.com)Marin County is facing a significant water shortage. (finance.yahoo.com)The cradle of civilization is drying out. (washingtonpost.com)EnvironmentDespite early hype, the pandemic didn't reduce carbon emissions. (npr.org)Add microplastics to the list of things affecting the climate. (arstechnica.com)It's not just forests that store carbon, so do grasslands and meadows. (newscientist.com)If you want people to change behavior you have to make it easy. (techcrunch.com)AnimalsHow Cape Cod is trying to learn to live with sharks. (nytimes.com)Can AI help us talk to sperm whales? (hakaimagazine.com)Why vineyards are encouraging owls to make their home among the vines. (baynature.org)Otters have returned to Singapore. (washingtonpost.com)Birds like truffles too. (sciencedaily.com)HealthPatients going to the ER are sicker these days and they are not all Covid-related. (npr.org)PBMs have long since stopped working to reduce pharmaceutical costs. (wsj.com)How researchers are studying a potential link between intense activity and ALS. (scientificamerican.com)There's no free lunch when it comes to the use of OTC painkillers. (scientificamerican.com)Cigarette sales actually rose in the U.S. last year. (washingtonpost.com)Antibiotic resistance is a growing problem. (statnews.com)BehaviorThe pandemic has changed our calculation of personal space. (scientificamerican.com)There isn't a lot of great data on the use of marijuana to treat anxiety and depression. (wsj.com)Masking your emotions only works up until a point. (theatlantic.com)FoodStartup Everytable uses centralized kitchens to create healthy food at fast food prices. (nytimes.com)America has rekindled its love for mozzarella sticks. (nytimes.com)DrinkThe spiked seltzer market is overstuffed. (axios.com)The hottest cocktail trends of 2021 including 'farm to flask.' (feastandfield.net)SportsAthletes are playing longer and better than any time in history. (si.com)As sports cards become more valuable the risks of fraud are on the rise. (nytimes.com)Why everybody is seemingly playing pickleball these days. (vanityfair.com)CollegeCollege enrollment has plateaued. (bloomberg.com)How the University of Michigan helps first generation students thrive and graduate. (npr.org)Legacy preferences favor the already-advantaged. (rogerlowenstein.substack.com)Earlier on Abnormal ReturnsCoronavirus links: living with Covid. (abnormalreturns.com)Podcast links: playing catch-up. (abnormalreturns.com)What you missed in our Thursday linkfest. (abnormalreturns.com)A full financial tank allows you to have an emergency on your schedule. (abnormalreturns.com)Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)Mixed mediaWhat Ryan Holliday has learned opening up a small town bookstore amidst a pandemic. (ryanholiday.net)A new law will make it harder to sell art anonymously. (axios.com)David Bowie's song catalog is up for sale. (ft.com).....»»

Category: blogSource: abnormalreturnsOct 30th, 2021

Couples getting married are spending big on luxury items like llama photo shoots, celebrity entertainers, and speed boat rides: "It"s the roaring 20s for weddings"

In the COVID-era wedding boom, a wave of expensive weddings is a windfall for wedding professionals who financially suffered during the pandemic. A lavish wedding reception. Mavinhouse Events/Molly Anne Couples are going all-out on extravagance and luxury after enduring long pandemic lockdowns. Wedding planners have seen revenues soar with the swell of bookings and more expensive requests. Ultra-luxury wedding planners say couples now invite fewer guests, but offer even ritzier experiences. From llamas, exotic cars, and speed boat rides to flower arrangements that cost more than a year's college tuition dangling from ceilings, a wave of unusually lavish nuptials is giving the wedding industry a cash windfall that was badly missed during COVID-19 lockdowns."It's the roaring 20s for weddings," Alicia Fritz, the owner and a wedding planner at A Day In May told Insider. "In 2020, we were taken away from gathering and celebrating happy moments, and weddings are one of those crucial times where people are truly present, filled with love."More couples are getting married in 2021 than in any year since 1984, and the post-vaccine wedding rush is boomeranging professionals in the wedding industry from simply surviving the coronavirus pandemic to raking in skyrocketing inquiries, bookings, and profits from increasingly expensive ceremonies. "They're going all out," Marisa Guerrero, the vice president of Debbie's Bloomers, said. "They want unique touches and a special wedding different from what they've seen in other places."Couples are paying a premium on statement-making structures like flower arches and chandeliers, taking photos on llamas, driving away in exotic sports cars, and splurging on unusual wedding buffets like doughnut walls and mac and cheese bars.With clients on average spending about $5,000 on flower arrangements, almost double the amount compared to 2019, Guerrero said she's working seven days a week and often up to 12 hours a day to keep up with the torrent of requests. The trend is echoed among other wedding vendors, who told Insider their revenues surged 40% to 50% compared to 2019.However, those who plan weddings for millionaire and billionaire clients with seemingly bottomless budgets say they haven't seen cost increases per wedding, which often have multi-million dollar price tags. Instead, couples often invite fewer guests but give a more lavish and bespoke experience for those who make the cut. "We're looking for a once-in-a-lifetime experience," Alison Laesser-Keck, the creative director of the wedding planning company Alison Bryan Destinations, said. Some of the big-ticket items weddings have included meals cooked by Michelin-starred chefs, speed boat rides through picturesque slot canyons in Utah, paid-for guest accommodations, and performances by celebrities like Miguel and Janelle Monae. Her clients usually work in finance or entertainment, and some are household names. "They do well, and they want to treat their guests," Laesser-Keck said. "It's about how can we take care of our family and friends, and give them an experience they could never have on their own."Sarah Crowell, the lead planner of Mavinhouse Events, said she's seen an uptick in multi-day weddings, where activities traditionally reserved for only the bridal party - like sunset sailboat rides, brunches, and seaside hikes - are opened up to the entire guest list.This thriving wedding season is a result of weddings being rescheduled from 2020 and people looking to splurge money they've saved on celebrations with family after over a year of quarantining, wedding professionals said. The deluge of bookings has also allowed some vendors to change their businesses and personal lives. Angela Lauren, the owner of Angela Lauren Photography, went from struggling to keep her business alive during the pandemic to looking for a house, and Teresa Eoff, the owner of Figure Eight Events, said the extra revenue may launch her company out of her garage studio and into a warehouse space. Demand can far outpace what companies can handle. Over 90 inquiries per month have rolled into Laesser-Keck's every month since January. "We opened up inquiries and within a week we got enough business to last the next two years," Laesser-Keck said. "The demand for all companies is through the roof."Read the original article on Business Insider.....»»

Category: dealsSource: nytOct 30th, 2021

ETFs to Gain as US Consumer Confidence Rises in October

The rise in consumer confidence on easing Delta variant concerns and improving labor market conditions might help the consumer discretionary sector, which attracts a major portion of consumer spending. Surprisingly, consumer confidence in the United States rose in October primarily on the heels of easing Delta variant concerns, improving labor market conditions, rebounding U.S. economy from the pandemic-led slump and accelerated coronavirus vaccine rollouts. The Conference Board's measure of consumer confidence index stands at 113.8 in comparison to 109.8 in September. The metric has finally broken the streak of three consecutive monthly declines. October’s reading also beat the consensus estimate of the metric, coming in at 108.3, per a Reuters’ poll. The metric continues to be below the pre-pandemic level of 132.6 in February 2020.The Present Situation Index, which gauges consumer views on current business and labor market conditions, increased to 147.4 in October from 144.3 in the previous month. The Expectations Index, which measures consumers’ short-term (for the next six months) outlook for income, business and labor market conditions, also rose to 91.3 from 86.7.Moreover, the survey’s labor market differential, calculated from data on respondents’ views on whether sufficient jobs are available or difficult to get, surged to a reading of 45 (the highest in 21 years) from 43.5 in September, per a Reuters article.In this regard, Lynn Franco, Senior Director of Economic Indicators at The Conference Board, reportedly said, “Consumer confidence improved in October, reversing a three-month downward trend as concerns about the spread of the Delta variant eased. While short-term inflation concerns rose to a 13-year high, the impact on confidence was muted. The proportion of consumers planning to purchase homes, automobiles, and major appliances all increased in October—a sign that consumer spending will continue to support economic growth through the final months of 2021.”Consumers seem to be looking forward to buying homes, motor vehicles and major household durables. In fact, the buying attitude for vehicles and homes is expanding. The survey also showed that the proportion of the population planning to go on a vacation has shot up to the highest level since February 2020, as mentioned in a Reuters article.Present U.S. Economic ScenarioIn another encouraging development, the retail sales data was remarkable. The metric rose 0.7% in September against the Dow Jones estimate of a 0.2% decline. This, in turn, marks a 13.9% increase from the year-ago figure (according to a CNBC article). After excluding auto-related sales, retail sales were up 0.8%, surpassing the 0.5% estimate and gaining 15.6% on a year-over-year basis.Lower-than-expected weekly jobless claims were added to the list of positive economic data releases. Initial unemployment insurance claims in the week ending Oct 22 came in at 281,000, as mentioned in a CNBC article. According to the same article, the metric compared favorably with analysts’ expectations of 289,000 claims (per a Dow Jones survey).The latest ISM Manufacturing Purchasing Managers' Index (PMI) data for the United States paints a rosy picture of the U.S. economic recovery. According to a Reuters article, the metric rose to 61.1% in September from 59.9% in August and surpassed forecasts of a decrease to 59.6%.Any reading above 50% indicates expansion in U.S. manufacturing activities. The manufacturing sector, which makes up 12% of the U.S. economy, saw the reading rise forthe 16th consecutive month.Meanwhile, the U.S. GDP growth came in at 2.0% for the third quarter, missing the expectations of 2.8%. The reading disappoints in comparison to 6.7% growth witnessed in the second quarter.Also, the minutes from the Federal Open Market Committee’s September meeting highlighted that the Fed might begin tapering the fiscal stimulus support program from mid-November.The central bank is expected to roll back the month-end bond purchases by cutting $10 billion of $80 billion a month in Treasury’s and $5 billion from $40 billion a month in mortgage-backed securities (per a CNBC article). If everything goes well, the Federal Reserve expects to finish off tapering by mid-2022.ETFs That Might GainThe rise in consumer confidence might help the consumer discretionary sector, which attracts a major portion of consumer spending. Here we highlighted the four most popular funds that target the broader consumer discretionary sector (see all Consumer Discretionary ETFs):The Consumer Discretionary Select Sector SPDR Fund XLYThis is the largest and the most popular product in the consumer discretionary space, with AUM of $21.90 billion. It tracks the Consumer Discretionary Select Sector Index. The fund charges 12 basis points (bps) in fees per year and carries a Zacks ETF Rank #2 (Buy), with a Medium-risk outlook (read: ETFs in Focus Post Dismal Amazon Q3 Results).Vanguard Consumer Discretionary ETF VCRThis fund currently follows the MSCI US Investable Market Consumer Discretionary 25/50 Index. VCR charges investors 10 bps in annual fees. The product managed $7.06 billion in its asset base and sports a Zacks ETF Rank #1 (Strong Buy), with a Medium-risk outlook (read: 5 Consumer Discretionary ETFs Rising to New Highs).First Trust Consumer Discretionary AlphaDEX Fund FXDThis fund tracks the StrataQuant Consumer Discretionary Index, employing the AlphaDEX stock-selection methodology to select stocks from the Russell 1000 Index. FXD has AUM of $1.94 billion. It charges 63 bps in annual fees and has a Zacks ETF Rank #3 (Hold), with a Medium-risk outlook.Fidelity MSCI Consumer Discretionary Index ETF FDISThis fund tracks the MSCI USA IMI Consumer Discretionary Index. The product amassed $1.70 billion in its asset base. It charges 8 bps in annual fees from investors and carries a Zacks ETF Rank #2, with a Medium-risk outlook. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>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 Consumer Discretionary Select Sector SPDR ETF (XLY): ETF Research Reports Vanguard Consumer Discretionary ETF (VCR): ETF Research Reports Fidelity MSCI Consumer Discretionary Index ETF (FDIS): ETF Research Reports First Trust Consumer Discretionary AlphaDEX ETF (FXD): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 29th, 2021

Zimmer Biomet (ZBH) to Report Q3 Earnings: What"s in Store?

Strong surgeon registrations of the Signature One surgical planning system for shoulder procedures are likely to have driven Zimmer Biomet's (ZBH) growth in Q3. Zimmer Biomet Holdings, Inc. ZBH is set to report third-quarter 2021 results on Nov 4, before market open.In the last reported quarter, the company’s earnings of $1.90 beat the Zacks Consensus Estimate by 3.26%. Over the trailing four quarters, its earnings outperformed the consensus estimate on all occasions, the average beat being 22.83%.Let’s take a look at how things have shaped up prior to this announcement.Factors at PlayZimmer Biomet has been witnessing strong recovery of its legacy business since the beginning of 2021. This has been primarily driven by an expanded vaccination drive and the gradual opening up of the economy that led people to once again opt for non-COVID elective orthopedic and musculoskeletal procedures. The company’s Q3 top-line result is expected to reflect this procedure volume improvement. However, on a sequential basis, the company might have faced a temporary setback during the third-quarter months when new COVID-19 cases increased, thus impacting hospital-based procedures to some extent.The S.E.T. business (comprising Surgical, Sports Medicine, Foot and Ankle, Extremities and Trauma), the company’s major focus area, put up an extremely strong second-quarter performance. We expect this arm to deliver strong results in the to-be-reported quarter as well on the back of the company’s focus on sports and extremities, especially upper extremities, trauma and CMFT (Craniomaxillofacial Trauma). Zimmer Biomet is likely to have gained from its increasing presence in the field of Ambulatory Surgery Centers. Also, strong surgeon registrations of the Signature One surgical planning system for shoulder procedures are likely to have driven growth in Q3.Zimmer Biomet Holdings, Inc. Price and EPS Surprise Zimmer Biomet Holdings, Inc. price-eps-surprise | Zimmer Biomet Holdings, Inc. QuoteAhead of the planned spin-off of the company’s Dental and Spine business, we note that irrespective of the COVID-19 impact, Zimmer Biomet has been witnessing growth deceleration in the recent quarters, mainly due to unfavorable pricing. However, over the past few months, the segment has been witnessing business recovery on the back of strong commercial execution, new product launches, including robotics, and overall market recovery. This momentum is likely to have continued during the third quarter as well, primarily driven by an ongoing strong recovery along with expected robust contributions from implants and digital solutions in the dental business. Further, wider market adoption of robotics and contributions from Mobi-C and Tether within Spine are likely to have contributed to the growth.We expect the company to have witnessed strength in its performances within its Hips and Knees product portfolio in the United States, which is better equipped for pandemic support compared to the non-U.S. markets of Zimmer Biomet. The nature of the business, which is non-elective, might have continued with year-over-year growth in Q3. Despite the recent surge in cases following the emergence of the Delta virus, the robust performance of Avenir Complete is likely to have continued during the second quarter as well, thus driving the Hip business. Also, strong demand for ROSA Knee, along with strong momentum for Persona Revision, is likely to have continued through the to-be-reported quarter. The company’s two recent regulatory developments, including FDA 510(k) clearance of the ROSA Hip System for robotically-assisted direct anterior total hip replacement and FDA De Novo classification grant to market the tibial extension for Persona IQ, the world's first and only smart knee for total knee replacement surgery, both in August should have contributed partly to the third quarter’s top line.Q3 EstimatesThe Zacks Consensus Estimate for third-quarter 2021 revenues is pegged at $1.96 billion, suggesting a 1.5% increase from the year-ago reported figure.The Zacks Consensus Estimate for the company’s third-quarter 2021 earnings per share of $1.76 indicates a 2.8% decline from the year-ago adjusted earnings.What Our Model SuggestsPer our proven model, a stock with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) along with a positive Earnings ESP has a higher chance of beating estimates. However, this is not the case here as you can see:Earnings ESP: Zimmer Biomet has an Earnings ESP of -2.66%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: The company currently carries a Zacks Rank #4 (Sell).Stocks Worth a LookHere are a few medical stocks that have the right combination of elements to beat on earnings this reporting cycle.Becton, Dickinson and Company BDX has an Earnings ESP of +2.02% and a Zacks Rank of 2. The company will release fourth-quarter fiscal 2021 results on Nov 4. You can see the complete list of today’s Zacks #1 Rank stocks here.Insulet Corporation PODD has an Earnings ESP of +15.79% and a Zacks Rank of 2. The company is scheduled to release third-quarter 2021 results on Nov 4.Vertex Pharmaceuticals Incorporated VRTX has an Earnings ESP of +10.62% and a Zacks Rank of 2. The company will report third-quarter 2021 results on Nov 2. Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. See Zacks’ Hottest Tech IPOs Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Becton, Dickinson and Company (BDX): Free Stock Analysis Report Vertex Pharmaceuticals Incorporated (VRTX): Free Stock Analysis Report Insulet Corporation (PODD): Free Stock Analysis Report Zimmer Biomet Holdings, Inc. (ZBH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 29th, 2021

Rabo: Metaverse Is The Second Coming Of Second Life... Which We Used For A Few Weeks In The Early 2000s And Got Bored

Rabo: Metaverse Is The Second Coming Of Second Life... Which We Used For A Few Weeks In The Early 2000s And Got Bored By Michael Every of Rabobank Never Meta Billionaire I Didn't Like This week I was saying we are in a global meta-crisis…and then Facebook change its name to “Meta” – replete with a new logo that looks like a PlayStation controller, a sleep mask, or a bad sports bra. (Someone was paid a lot of money, or ‘IOU Chicken’, to mis-draw an infinity loop.) The aim is now “the metaverse”, where promo material shows we can play poker with robot avatars in simulated zero gravity. Welcome to the second coming of Second Life, which we used for a few weeks in the early 2000s until collectively realizing how pointless it was to wander around virtual landscapes of boring people pretending to be blue-haired Elf ninja warriors? Perhaps fusing it with social media (cough, don’t mention that function) makes it more appealing? For people unsatisfied by pre-existing ‘I am a cat!’ chat features, perhaps; and maybe my future client presentations will be in zero-g with robot avatars? If so, I bagsy Eeyore as my avatar. However, are ageing Facebook users really going to wear VR goggles? How will they fit over their bifocals? And for the younger crowd, there seems stiff competition from LARPing offline. As the crème-de-la-crème of US tech boldly walks away from the reality of multiple conflating crises, others are taking a more hands-on approach. President Biden tried to rally the party troops to strike an agreement over the legislative logjam - which matches the one at LA/LB ports, where nothing is moving either, but they are at least able to raise taxes. Despite Bloomberg reporting Biden warned both his presidency and the Congressional majority were on the line, there was still no agreement between Progressives and moderates. That was despite Q3 GDP rose only 2.0% q/q annualised, and the outlook not being for a rebound to spaceships and zero-g in Q4. As markets start to see the risk that no stimulus appears, will they exit the virtual reality of rapid rate hikes being needed to stop supply-chain inflation central banks cannot control? Yesterday, the ECB showed its screen has frozen, and is still saying inflation is “transitory”. That’s akin to the way the EU is stuck in the early 2000’s: EU bureaucrats spend their evenings wandering through empty meeting places saying, “Free trade now!” and “More Europe!” - and I don’t mean in ‘Second Life’. Obviously, market expectations of 2022 rate hikes are incompatible with the ECB’s intentions, but President Lagarde did not push back as much as the market required. It seems we will have to wait until the December meeting, where nothing will probably change, for the market to grasp this better. Meanwhile, PEPP ending in March is now all but certain, but the ECB is clearly not planning to tighten more quickly, while the phrase “APP will run for as long as necessary […] and to end shortly before the ECB starts raising key interest rates” was left in place. Or, “Je vous dois poulet.” Then again, the RBA once again didn’t intervene to defend its yield curve target today, surely a green light they are moving from one form of virtual reality to another. Or they think they are wearing a VR headset, but are actually wearing horse-blinders with a smiley face painted on the inside. Meanwhile, PPI was 2.9% y/y, up from 2.2%, versus the double-digit readings elsewhere, and retail sales were up 1.3% m/m today vs. 0.4% expected. In China, things are more hands on. Beijing has announced “its struggling manufacturers can pay taxes later,” according to the SCMP – or at least SMEs can defer for the next three months. Moreover, “China is monitoring prices of vegetables, meat, grain, and edible oil and arranging works on stabilizing supplies and prices” says MOFCOM. How this will be done when agri input costs and food prices are soaring globally and China is a net food importer remains to be seen. Perhaps subsidies like those on coal? Which themselves mean the backdrop to the COP26 climate crisis meeting is Beijing piling into coal until 2025; and India; and Australia; and others; how many Brits will need to glue themselves to things in response? Oh, and Evergrande made another last-minute bond payment – presumably with the Chairman finding some loose change down the back of the sofa. In terms of the US-China phase of the meta-crisis, somebody is trying to dial things back. Bloomberg argues ‘Biden-Xi Thaw Takes Hold Even as Taiwan Tensions Flare,’ which is odd given US General Milley just warned, wrongly, about a “very close to“ a Sputnik moment, and China Telecom was banned from the US this week. US Trade Representative Tai is also aiming ‘to reduce US-China tensions’. Speaking at the US National Chicken Council (not to be confused with the US National IOU Chicken Council, which is in the Eccles Building), Tai stated US-China relations feel “kind of like a pile of dry tinder,” where a misunderstanding “is likely to spark basically just a giant fire with really, really drastic implications for all of us.” She aims to “bring the temperature down so that we can have a sober relationship and a sober conversation about how we can stabilize the parts of our trade that are working.” Which, somewhat counter to her key speech on the US-China trade structure a few weeks ago, means US agri exports playing a key role in helping to feed China. One wonders if Chinese action to stabilize food supply and prices is a headwind or a tailwind there – and given that Huang Qifan, a prominent Chinese technocrat, just stated part of its 2035 goal of a $30trn economy is “self-sufficiency in energy, agriculture, and manufacturing.” He also argues the GDP growth share driven by real estate and infrastructure will fall from 50% to 10%, and real estate development area from 1.7bn to 1.0bn M2. That’s quite the trend decline in the needs for certain associated inputs, such as steel and iron ore. Then again, there is a strong argument that *physically* building a virtual reality is not the best way to manage an economy in the long run. One also wonders how much of the true meta-crisis will be discussed at the G20 finance and health ministers’ meeting vs. how much of the apparently unrelated parts. And will they be planning for one of their future get-togethers to be as robot avatars in zero-g? Anyway, enjoy the day and the weekend, and try not to get too meta. Happy Friday! Tyler Durden Fri, 10/29/2021 - 10:46.....»»

Category: blogSource: zerohedgeOct 29th, 2021

United Rentals (URI) Q3 Earnings Lag, Rise Y/Y, 2021 View Up

Although United Rentals' (URI) third-quarter 2021 earnings and revenues miss analysts' expectations, both the metrics grow from a year ago, given solid end-market recovery. United Rentals, Inc.’s URI shares gained 2.7% in the after-hours trading session on Oct 27, despite lower-than-expected third-quarter 2021 results. Although the company’s earnings and revenues missed their respective Zacks Consensus Estimate, it raised full-year expectations for total revenues and adjusted EBITDA, given broad-based recovery of its end markets.Matthew Flannery, CEO of United Rentals, said, “While early in our planning process, virtually all key indicators point to a sustained recovery. At this same time, the industry has remained disciplined and our strategic partnerships with key suppliers will benefit the company as we invest in fleet to support our customers. Combined, this should position us to deliver strong growth, improved margins and attractive returns in 2022."Inside the HeadlinesAdjusted earnings of $6.58 per share missed the consensus estimate of $6.80 by 3.2%. Nonetheless, the reported figure increased 21.9% from the prior-year figure of $5.40 per share. Total revenues of $2.596 billion fell shy of the consensus mark of $2.603 billion by 0.3% but grew 18.7% year over year.Rental revenues increased 22.4% from the year-ago quarter to $2.277 billion. Fleet productivity was up 13.5% year over year backed by better fleet absorption.Used equipment sales decreased 8% from a year ago. Adjusted gross margin of 50.3% expanded 610 basis points (bps) due to higher pricing, which marked the fourth consecutive quarter of increase. Used equipment proceeds were 60% of original equipment cost or OEC, up 900 bps from the year-ago period.United Rentals, Inc. Price, Consensus and EPS Surprise United Rentals, Inc. price-consensus-eps-surprise-chart | United Rentals, Inc. QuoteSegment DiscussionGeneral Rentals: Segment equipment rentals’ revenues grew 17.6% year over year to $1.636 billion. Rental gross margin expanded 70 bps year over year to 39.7%, courtesy of a decrease in depreciation expense (as a percentage of revenues).Specialty/Trench, Power and Pump: Segmental rental revenues increased 36.4% year over year to $641 million. Rentals gross margin increased 170 bps on a year-over-year basis to 51.5% due to lower depreciation and labor expenses.MarginsThe company’s total equipment rentals gross margin rose 120 bps year over year to 43%.Adjusted EBITDA also grew 14.1% from the prior-year quarter to $1,233 million. Yet, adjusted EBITDA margin contracted 190 bps to 47.5% for the quarter owing to lower rental margin, thanks to higher bonus accrual, increased delivery expense and greater insurance costs.Balance SheetUnited Rentals had cash and cash equivalents of $320 million as of Sep 30, 2021 compared with $202 million at 2020-end. Total liquidity was $2.611 billion at quarter-end.Cash from operating activities increased 31.4% to $1,087 million but free cash flow fell to $92 million from the prior-year quarter figure of $583 million due to higher purchases of rental equipment.Raised 2021 GuidanceBacked by solid results for the first nine months of 2021 and the recently completed acquisitions, the company lifted its full-year 2021 financial guidance.Total revenues are now expected in the range of $9.60-$9.75 billion versus $9.45-$9.75 billion projected earlier. This indicates a solid increase from $8.530 billion reported in 2020.Adjusted EBITDA is now projected between $4.325 billion and $4.400 billion compared with the prior projection of $4.225-$4.375 billion. The current projection indicates a massive jump from the year-ago figure of $3.932 billion.Net rental capital expenditures after gross purchases are now projected to be $1.75-$1.95 billion compared with $1.5-$1.7 billion expected earlier, indicating an increase from $961 million in 2020.Net cash provided by operating activities is anticipated in the range of $3.375-$3.725 billion versus $3.25-$3.65 billion projected earlier, suggesting a rise from $2.658 billion in 2020.Free cash flow (excluding the impact of merger and restructuring-related payments) is expected in the range of $1.45-$1.65 billion compared with $1.6-$1.8 billion anticipated earlier. This suggests a decrease from $2.454 billion reported in 2020.Zacks Rank & Key PicksUnited Rentals currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some better-ranked stocks in the Zacks Building Products – Miscellaneous industry include TopBuild Corp. BLD, Construction Partners, Inc. ROAD and PGT, Inc. PGTI. While TopBuild sports a Zacks Rank #1, the other two stocks carry a Zacks Rank #2 (Buy).TopBuild, Construction Partners, and PGT’s earnings for the current year are expected to increase 47.5%, 48.1%, and 6.2%, respectively. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Rentals, Inc. (URI): Free Stock Analysis Report PGT, Inc. (PGTI): Free Stock Analysis Report TopBuild Corp. (BLD): Free Stock Analysis Report Construction Partners, Inc. (ROAD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 28th, 2021

4 Stocks to Buy as Consumer Confidence Rebounds in October

The rise in consumer confidence in October proves that people are showing faith in the economy, making this an ideal time to invest in consumer discretionary stocks like POOL, PRTY, CLAR and MSGE. U.S. consumer confidence, which had been dented for the past few months, bounced back in October as fears of coronavirus somewhat eased. The Delta variant of the coronavirus saw confidence taking a blow, but declining cases over the past month have seen people once again stepping out of their homes confidently.The vaccination drive too is in full swing, which is making people more confident. The jump in consumer confidence in October once again proves that the economy is on track for a speedy recovery.Consumer Confidence ReboundsThe Conference Board said on Oct 26 that consumer confidence increased to 113.8 in October from September’s reading of 109.8. Economists had expected consumer confidence to decline to 108. October’s jump follows three straight months of decline, stemming from the Delta variant of the coronavirus.Based on consumers' gauge of the current business and labor market conditions,the measure of consumer sentiment rose to 147.4 in October from 144.3 recorded last month.Also, the Expectations Index, or the measure of expectations, which calculates consumers’ short-term outlook for income, business and labor market conditions, increased significantly to 91.3 from 86.7 in September.Economic Reopening Driving Consumer ConfidenceThe massive vaccination drive is another driver of consumer confidence. With the economy reopening, people are stepping out of their houses and planning holidays or visiting stores.This has led to a jump in retail sales. The Census Bureau said on Oct 15 that retail sales rose 0.7% in September, beating analysts’ expectations of a 0.2% decline. Also, restaurant sales grew 0.3% month over month in September. This once again shows that with rising confidence, people are willing to spend more.The survey conducted by the Conference Board also showed that more people are planning to buy homes, automobiles and home appliances. Moreover, with the holiday season coming up, people are likely to indulge in shopping, traveling and holidaying.Given this situation, consumer discretionary seems to be an ideal space to invest in. The Consumer Discretionary Select Sector SPDR (XLY) has returned 22.9% year to date.Our ChoicesWe have picked five stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) that are poised to benefit in the near term. You can see the complete list of today’s Zacks #1 Rank stocks here.Party City Holdco Inc. PRTY is involved in the design, manufacture and contracts for manufacturing and distribution of party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery.The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 4.5% over the past 60 days. Party City has a Zacks Rank #2.Pool Corporation POOL is the world's largest wholesale distributor of swimming pool supplies, equipment and related products. In addition, the company is a leading regional wholesale distributor of irrigation and landscape products. The company’s expected earnings growth rate for the current year is 80.2%. The Zacks Consensus Estimate for current-year earnings improved 6.8% over the past 60 days. Pool Corporation has a Zacks Rank #1.Clarus Corporation CLAR engages in the design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment manufactures active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings improved 27% over the past 60 days. Clarus has a Zacks Rank #1.Madison Square Garden Entertainment Corp. MSGE provides entertainment experiences. The company presents or hosts events in its diverse venues: New York's Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA and The Chicago Theatre. Also, under the MSG Entertainment umbrella is Tao Group Hospitality, with entertainment dining and nightlife brands, including Tao, Marquee, Lavo, Avenue, Beauty & Essex and Cathédrale.The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the past 60 days. Madison Square Garden has a Zacks Rank #2. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pool Corporation (POOL): Free Stock Analysis Report Party City Holdco Inc. (PRTY): Free Stock Analysis Report Clarus Corporation (CLAR): Free Stock Analysis Report Madison Square Garden Entertainment Corp. (MSGE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 28th, 2021

33 unique gift ideas from "Shark Tank" that you can get on Amazon

Products from 'Shark Tank' often make great gift ideas since they're unique, fun, or solve a common problem. On Amazon, they're easy to send as gifts. When you buy through our links, Insider may earn an affiliate commission. Learn more. This Rapid Ramen Cooker is just one of many "Shark Tank" products that make great gifts. Amazon If you gift a product from the show "Shark Tank," then you know it'll be both creative and practical. Games, kitchen tools, and food are thoughtful gifts to give the "Shark Tank" fan in your life. Most of these items are available with Prime two-day shipping, so they will likely arrive quickly. Whether you tune in for the pitches or entertaining banter between the entrepreneur judges, "Shark Tank" is an exciting show to watch with many nail-biting moments. The series is currently in its 13th season, and continues to highlight new and creative products.As we've seen over the years, some pitches do extremely well, while others aren't so lucky - but the fact remains that the show brings forward innovative ideas most of us have never considered.That's why the products from the show tend to make especially good gifts. They're far from generic and they usually solve a common problem or annoyance. Conveniently, most are also available on Amazon with free two-day shipping for Prime members, so you can get them as convenient gifts.If your giftee loves watching 'Shark Tank,' they'll recognize these 33 awesome gift ideas: A kit for homebrewing kombucha The Kombucha Shop Deluxe Kombucha Brewing Kit, $79.99Kombucha is essentially a fermented tea, and it's surprisingly easy to make at home. When entrepreneur Kate Field appeared on "Shark Tank" representing her business, The Kombucha Shop, she struck a deal with Barbara Corcoran and Sara Blakely.The deluxe brewing kit comes with an organic kombucha culture and everything else your gift recipient needs to get started. Insider's Home & Kitchen reporter James Brains reviewed the product and called it a "game-changer." For anyone who enjoys the fermented drink, this kit can be a fun project that provides more customizable options than store-bought kombucha. A car accessory that prevents items from falling in between their seat and console Amazon Drop Stop Car Seat Gap Filler (2-pack), $24.99Anyone with a car can probably relate to the frustration of dropping something in that tiny space between their seat and center console. Whether it's a smartphone or a couple of french fries, losing items in that gap is always annoying. This simple gap filler fits right around your giftee's seat belt to fill in that area and prevent anything from falling in there. It's a handy accessory that any car owner will appreciate. A towel for quickly drying their leafy greens Salad Sling Salad Sling, $19.99Washing lettuce and other leafy greens is important, but no one wants to eat a soggy salad. With this salad sling your giftee can avoid the hassle of using paper towels to pat their greens dry and save the counter space taken up by a traditional salad spinner.Just place washed lettuce in the center of the microfiber cloth, grab the four corners, and swing the towel around to dry your greens. Although the product did not strike a deal on "Shark Tank," the salad sling is a solid gift choice for any recipient who regularly consumes leafy greens. A phone charger and sanitizer that kills 99.99% of germs Amazon Phone Soap 3, $72.99This handy phone device completely sanitizes your phone while also charging it. It fits most phone sizes and small accessories like headphones or smartwatches. Stay healthy and safe with this innovative design. A memory foam pillow with a hood for more restful flights Amazon Hoodie Pillow, $29.95If privacy and comfort are essential for your giftee during long trips, this hoodie pillow is a perfect travel accessory. The cozy pillow is made from memory foam covered with premium sweatshirt material. With the addition of the hood, the travel pillow blocks light and reduces sounds. Wearable weights for workouts or everyday tasks Amazon Bala Bangles, from $44.99One size fits all with these adjustable wrist and ankle weights that upgrade your next workout. With a set of either one pound or two, they provide additional exercise to everyday activities. A powerful temperature controlled sponge Amazon/Insider Scrub Daddy (3-pack), $13.80One of the most popular Shark Tank products is the Scrub Daddy, which is designed to fit in your hand while also offering powerful scrubbing. The sponges change from hard to soft textures depending on if you're using them in cold or hot water. A reusable smart notebook Amazon/Insider Rocketbook Smart Reusable Notebook, from $24.46If they go through notebook after notebook, this reusable option offers a long-lasting solution. Use the included pen to take any notes, then scan each page using the accompanying app to save the pages in the program of your choice. A back support belt that improves posture Amazon BetterBack, $49.99Insider Reviews executive editor Sally Kaplan can't recommend this posture corrector enough. If your recipient suffers from back pain, this ergonomic belt provides the relief they'll need. A cake accessory for people who love surprises Amazon Surprise Cake Popping Cake Stand, $60.98This clever product lets you hide gifts inside a cake, giving the gift an extra oomph and wow factor. As long as it fits inside the Gift Pod, which measures 2.8 inches by 6 inches, it can go in the cake. A tool to help them reach every last drop Amazon/Insider The Spatty & Spatty Daddy Last Drop Spatula, Two Piece Set, $11.99They'll never have the guilty feeling of tossing a semi-full container again with this fun and useful two-piece set. The Spatty can be used in cosmetics, condiments, and any other container they can think of. Afterwards, it's safe to throw in the dishwasher for cleaning. An eco-friendly alternative to paper towels Amazon/Insider Bambooee Paper Towel Replacement 30-Sheet Roll, $10.99If they are passionate about creating less waste, these reusable paper towels are a great alternative to their one-time use counterparts. Made of organically-sourced bamboo, these paper towels can be machine washed up to 100 times. The eco-friendly benefits don't stop there: for every Bambooee roll sold the company pledges to plant a tree.   A tool to protect their fingers during home renovation projects Amazon/Insider Safety Nailer Framer, $8.99This simple tool will help them get through their ambitious home renovation projects without injuring their fingers. The Safety Nailer holds screws and nails steady when drilling or hammering and is designed to be used with either hand.  A memorable 3D card Amazon/Insider Lovepop Marvel Black Panther Pop Up Card, $15The cards are available in eight different "Marvel" designs, or you can visit Lovepop's Amazon page to find other types of themes. Don't worry — there's still room to write an actual message for your recipient in the included notecard.  A funny gift box Amazon/Insider Prank Pack Bathe & Brew Gift Box, $6The Prank Pack isn't the actual gift, but it is a funny way to prank your recipient and trick them into thinking they're receiving a strange or gimmicky present. The co-founder is a former writer at The Onion, so expect nothing less than hilarious fake products and product descriptions that your recipient will have to pretend to enjoy.  A travel accessory that combines a hoodie with a memory foam pillow Amazon HoodiePillow Memory Foam Travel Pillow, $29.95The clever design of this two-in-one hoodie and memory foam pillow, which feels like their favorite fleece sweatshirt, lets them fall asleep comfortably while traveling. The hood helps block out light and noise, while the pillow provides soft neck support. A baking pan that gives them more edge pieces Amazon Baker's Edge Nonstick Edge Brownie Pan, $36.95The days of fighting over the limited number of edge pieces are over. With this unique pan, every piece has two delectable, chewy edges. Other than to make brownies, they can also use it for other desserts, pasta, or any baked good that requires some extra crust. A fun outdoor game Spikeball/Instagram Spikeball 3 Ball Kit, $69.96On a beautiful sunny day at any park in the city, you'll probably see at least one group playing this fun and active game. With rules similar to volleyball, it's easy to learn so the whole family can get involved. Prior to the pandemic, the company even held nationwide tournaments.  A glass that makes any wine bottle into a single serving Amazon/Insider Guzzle Buddy 2GO Wine Glasses, $12.99This handy tool can attach a glass to nearly any bottle of wine. It's odor-free, virtually unbreakable, and top-rack dishwasher safe. Plus, it lies at the intersection between a humorous white elephant gift and an actually useful accessory, given how the past year has panned out.  An appliance that turns any beer into draft beer Amazon Fizzics FZ403 DraftPour Beer Dispenser, $118.59Using sound waves, this cool appliance turns any can or bottle of beer into fresh draft beer by turning its natural carbonation into compacted micro bubbles. All they have to do is insert their favorite beer, then pull and push the tap to receive the enhanced version of their IPA, pilsner, or stout.  A balance bike Amazon KaZAM No Pedal Balance Bike, from $58Featuring a patented footrest design that helps young kids find their center of gravity, this bike builds the confidence needed to transition to riding a proper bike. The ergonomic, adjustable handles and seat will get kids comfortable and ready to ride right away. The bike weighs only eight pounds and the puncture-free tires never need air.  A beach towel that gives back Amazon Sand Cloud Turkish Towel, $44This beautiful 100% Turkish cotton towel also works as a throw or wall tapestry. It's thin and compact, but durable. Plus, the company donates 10% of profits to help preserve marine life. High-fidelity earplugs to protect their ears during concerts Amazon/Insider Vibes High Fidelity Concert Earplugs, $23.98If you know someone who is planning on attending a lot of loud shows, their eardrums may be facing the consequences. Wearing these comfortable earplugs can reduce noise levels by up to 22 decibels, but they don't cancel out noise completely. Instead, they only filter out certain frequencies, so your recipient will still be able to enjoy the crisp vocals and instrumentation of their favorite band. The famous 'Comfy' sweatshirt that they'll never want to take off Amazon The Comfy Sweatshirt, from $44.95You can practically feel the comfortable softness and warmth of this oversized blanket sweater just by looking at it. Cozy up in The Comfy by the fireplace, at sports games, or while watching rom-coms.  Adorable leather moccasins Freshly Picked/Instagram Freshly Picked Kids' Soft Sole Moccasins (Newborn Baby), from $59The creator of the cutest little baby shoes you've ever seen got her start picking up yard sale leather scraps and selling on Etsy. Today, parents everywhere are obsessed with the unique and comfortable 100% leather designs that infuse style into their baby's every step.  A better protein mixing bottle Amazon Ice Shaker 26-Ounce Stainless Steel Protein Mixing Cup, $34.99The problem with traditional plastic protein powder shakers is that they tend to absorb odor and won't keep the contents cold. Former NFL player Chris Gronkowski's stainless steel water bottle is double-insulated, spill-proof, and odor-free — the upgrade that fitness enthusiasts deserve. A funny card game that tests the financial limits of various outrageous scenarios Amazon/Insider Pricetitution Card Game, $19.99Every card begins with the prompt, "How much money would it take me..." followed by a funny situation. It was a big success on both "Shark Tank," with four Sharks giving offers, and on Kickstarter.  A smart video doorbell Amazon Ring Video Doorbell Pro, Works with Alexa, $169.99Ring may not have secured a deal with the Sharks, but it did strike up a deal with Amazon for over $1 billion in 2018, so it's doing just fine. The smart security system has two-way talk, sends motion-activated alerts, and works with Alexa, giving homeowners the peace of mind that their house will be safe, regardless of whether or not they're home.  A pair of lightweight running sandals Xero Shoes/Instagram Xero Shoes Barefoot-Inspired Sport Sandals, Men's Z-Trek, $64.99Xero Shoes Barefoot-Inspired Sport Sandals, Women's Z-Trek, $64.99After constantly getting injured while running, cofounder Steven Sashen switched to barefoot running and loved the effects, so he created a thin running sandal. These comfortable and supportive shoes are great for runners and could inspire them to kick-start new running goals. They can also be used for outdoor activities like hiking and kayaking.  A suction silicone place mat Amazon Ezpz Happy Mat, $19.99Parents will appreciate any help they can get. The placemat stays right in place on any flat surface, making it that much easier to get food from the plate into their child's mouth. A temperature-regulating machine that goes under their bed Amazon BedJet 3 Climate Comfort for Beds, $449As an engineer who developed the heating and cooling systems of NASA spacesuits, the creator of BedJet has the perfect background to improve the sleep experience. Since temperature often impedes a good night's sleep, the BedJet blows hot or cold air onto the bed and over their body and creates "biorhythm sleep sequences" throughout the night.  A drink accessory that keeps their beer cold BottleKeeper BottleKeeper The Standard 2.0, $32.98Is there anything more frustrating to an avid beer drinker than a cold one that's less than cold in just half an hour? The insulated stainless steel BottleKeeper, complete with bottle opener, keeps their beer colder for a longer period of time. It's also a smart way to protect against drops and spills.  A rapid ramen cooker This Rapid Ramen Cooker is just one of many "Shark Tank" products that make great gifts. Amazon Rapid Ramen Cooker, $10.99What seems like a gag gift has actually come in handy for many busy students, parents, and office workers because it takes away the need for a stove and dish-washing session, cooks the noodles more quickly, and requires less water. It's the perfect size for a block of ramen and a faster, more reliable alternative to stovetop cooking.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 26th, 2021

The 7 coolest electric cars coming soon, from Aptera"s solar three-wheeler to Canoo"s pickup

Aptera says you'll never need to charge its solar-powered three-wheeler. Lucid's Air Pure sedan aims straight at Tesla. And many more are on the way. An Aptera prototype. Aptera Tons of startups are working tirelessly to launch new electric vehicles to the US market. They're planning burly SUVs, six-figure luxury sedans, and pickup trucks. Some of the most exciting models come from Rivian, Lucid, Canoo, and Aptera. Tesla virtually created today's market for electric cars by proving battery power could be cool. Now a dizzying number of startups are trying to claim a slice of the pie. Some, like Rivian and Lucid Motors, are decently far along, with factories already spitting out pickups and sedans. Others still have mountains of work to do before their vehicles will see the light of day. Given how cash-intensive and challenging it is to produce a new vehicle at scale, there's no guarantee that every current upstart will succeed. The chances of that are slim. Still, there are tons of exciting EVs that claim to be just over the horizon. Aptera Aptera's first batch of 330 special-edition EVs sold out within 24 hours. Aptera Motors Aptera Motors' story began in the 2000s with a three-wheeled prototype EV, but the startup ran out of money in 2011. It's back with a new vehicle. Aptera claims its new three-wheeler can travel up to 1,000 miles on a full battery, double the best EVs on the market today. The startup says that's possible through a lightweight body and an extremely aerodynamic design. Plus, optional solar panels covering the vehicle's exterior can deliver up to 40 miles of range per day in sunny regions, Aptera says. The vehicle is open for preorders now with a starting price of $25,900. That goes up to around $50,000 if you add on the 1,000-mile battery and options. Aptera says the first customer vehicles will arrive in early 2022. Bollinger B1 Bollinger B1. Bollinger Motors Bollinger's B1 SUV is a rugged, retro take on newfangled technology. It sports exposed rivets, manual-crank windows, and an overall style reminiscent of a decades-old Land Rover. It's also packed with tons of power for off-roading and plenty of useful features and cargo spots. Production on the B1 and its pickup twin, the B2, is set to start in late 2022 after a couple of delays. They'll run you $125,000 and promise a range of 200 miles. Canoo Pickup Truck The Canoo Pickup Truck. Canoo Canoo has a handful of radical-looking EVs coming down the pike. But the raddest of them all has to be the Pickup Truck. The pill-shaped pickup comes with innovative features like a fold-down work table in front and a built-in bed extender. It'll also accommodate a camper shell and be available with all-wheel-drive. Canoo says the stubby truck will go into production in 2023. There's no word on pricing yet. Faraday Future FF91 The Faraday Future FF91. Faraday Future Faraday Future first unveiled the FF91 sedan in 2017 with plans to start selling it in 2018. Due to a host of financial struggles, that never happened. Flush with cash after going public in July, Faraday Future is back from the brink of death. It aims to start delivering the FF91 next summer. The company claims the FF91 will deliver 1,050 horsepower and sprint to 60 mph in 2.4 seconds. The sci-fi-looking vehicle is packed with screens in front and rear and sports big cushy seats in back that can lay flat. It'll get at least 300 miles of range, according to the company. Expect the FF91 to cost at least $200,000.Fisker Ocean The Fisker Ocean. Fisker Super-premium sedans and weird trikes are great and all - but reasonably affordable, good-looking SUVs are probably what most EV shoppers are after. That's what the Fisker Ocean, set to go into production in late 2022, promises to be. It starts at $37,499 (just under $30,000 once you apply the federal tax credit for electric purchases) and stresses sustainability, with solar panels integrated into its roof and an interior made from recycled materials.Founder Henrik Fisker has succeeded at selling vehicles before, albeit briefly. His previous startup, Fisker Automotive, sold the hybrid Karma luxury sedan starting in 2011 and went out of business in 2014. Justin Bieber had a chrome one. Rivian R1S The Rivian R1S. Rivian Irvine, California-based Rivian is kind of like Tesla's crunchy cousin. Its models are sleek and expensive - like Elon Musk's - but they're also aimed at people who like to get outdoors. They offer off-road capability, all sorts of optional racks, innovative storage solutions for all your gear, and even a built-in camping kitchen. Rivian's pickup truck, the R1T, is in production now. Its $70,000 SUV sibling, the R1S, is scheduled to start shipping later this year. It has a range of 316 miles in its base configuration.Lucid Air Pure The Lucid Air. Lucid Motors Lucid Motors has started producing the Air Dream Edition, the $170,000, limited-run version of its debut luxury sedan at its Arizona factory. But you can't build a business on the back of 520 ultra-expensive cars. (That number pays tribute to the Air Dream Edition's record-shattering 520-mile range, as estimated by the EPA.)If Lucid is to challenge Tesla in any real way down the line, it'll be thanks to the base Air Pure sedan. That car will cost $77,400 - definitely not a bargain but a full $13,000 less than Tesla's Model S. The Air Pure promises 480 horsepower and 406 miles of range. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 23rd, 2021

Crocs (CROX) Beats on Q3 Earnings, Raises FY21 Outlook

Crocs' (CROX) third-quarter fiscal 2021 results benefited from sturdy consumer demand and brand strength. In spite of ongoing supply chain issues, Crocs, Inc. CROX continued with its stellar performance in third-quarter fiscal 2021. Both the top and the bottom lines not only surpassed the Zacks Consensus Estimate but also improved year over year. Sturdy consumer demand and brand strength contributed to this upbeat performance. Better-than-expected results prompted management to raise fiscal 2021 view.This designer, manufacturer and marketer of casual lifestyle footwear and accessories saw its shares rising more than 9% during the trading session on Oct 21. Shares of this Zacks Rank #1 (Strong Buy) company have jumped 13.2% in the past three months compared with the industry’s rise of 1.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.Management informed that factory closures in Vietnam, the company’s major manufacturing hub, and the global supply chain bottlenecks impacted the business. However, Crocs’ timely actions helped mitigate the impact of the same. The company took immediate action to shift production, enhance factory throughput, leverage air freight, and strategically allocate units.The company remains optimistic about navigating through these tough times. Notably, it is shifting production capacity to countries namely China, Indonesia, and Bosnia. On its earnings call, the company said, “We can ramp factory production quickly due to the limited inputs and simple configuration of our products.” Crocs is also planning to lower its dependency on West Coast ports by adding East Coast transshipment capabilities to reach key customers in the United States.Q3 HighlightsCrocs’ adjusted earnings came in at $2.47 per share, surpassing the Zacks Consensus Estimate of $1.90. The figure also surged significantly from earnings of 94 cents in the year-ago period, thanks to gross margin expansion and SG&A leverage.Revenues skyrocketed 73% (or 72.2% on a constant currency basis) year over year to $625.9 million in the reported quarter and handily beat the Zacks Consensus Estimate of $615 million. The company registered solid revenue growth across all regions. The average selling price was $24.42 for the quarter, reflecting year-over-year increase of about 14.9%.While direct-to-consumer revenues rose 60.4% year over year to $316.3 million, wholesale revenues surged 88.2% to $309.6 million in the quarter under review. We note that digital sales advanced 68.9%, and accounted for 36.8% of revenues. Within digital, all regions witnessed double-digit increases from year-ago period. Robust traffic, higher pricing and fewer promotions benefited the company.Total revenues in the Americas region were up 94.8% (94.5% at constant currency) to $455.9 million. Revenues in the Asia-Pacific region amounted to $83.6 million, reflecting an increase of 23.5% (21.2% at constant currency) year over year. The EMEA region witnessed revenue growth of 44% (42.8% at constant currency) to $86.3 million.Crocs, Inc. Price, Consensus and EPS Surprise Crocs, Inc. price-consensus-eps-surprise-chart | Crocs, Inc. QuoteA Look into MarginsCrocs’ adjusted gross profit soared 93.4% to $401.8 million. Adjusted gross margin expanded 680 basis points (bps) to 64.2% on the back of price increases and fewer promotional activities, which more than offset higher freight costs associated with logistics challenges. Positive impact of currency to the tune of roughly 65 bps contributed to the gross margin.Adjusted SG&A expenses grew 48.6% to $196.7 million. Meanwhile, adjusted SG&A expenses, as a percentage of revenues, contracted 520 bps to 31.4%.Adjusted operating income of $205.1 million, increased significantly from $75.4 million in the last-year quarter. Adjusted operating margin expanded to 32.8% from the prior-year quarter’s 20.8%. The uptick can be attributable to gross margin improvement and SG&A leverage on solid sales growth.Financial DetailsCrocs ended the quarter with cash and cash equivalents of $436.6 million, long-term borrowings of $686 million and stockholders’ equity of $352.8 million. The company’s liquidity position remains strong with $499.7 million in available borrowing capacity.Management incurred capital expenditures of $35.8 million during the nine-month period ended Sep 30, 2021. The company anticipates capital expenditures of about $75 million for supply chain investments in fiscal 2021.Crocs repurchased 1.1 million shares worth $150 million during the third quarter. The company is currently implementing the previously announced $500 million fourth-quarter accelerated share repurchase arrangement, which is expected to bring total fiscal 2021 repurchases to $1 billion. Following this execution, the company would have roughly $1 billion of share repurchase authorization remaining for future buybacks.OutlookCrocs now estimates fiscal 2021 revenue growth between 62% and 65%, versus its prior projection of 60-65% increase. It envisions sturdy growth in all regions and channels. However, it hinted that EMEA’s fourth-quarter revenues will be disproportionately impacted by the Vietnam supply chain challenges.Management also guided adjusted operating margin of approximately 28%, which suggests an improvement from the prior view of 25% and significant expansion from 18.9% reported in fiscal 2020. It also expects non-GAAP adjustments of roughly $8-$10 million associated with distribution center investments to hit gross margin.With respect to fiscal 2022, the company expects revenue growth to surpass 20% year over year. It anticipates gross margin to include an incremental $75 million of air freight compared to prior year. Management forecast adjusted operating margin — excluding the impact of air freight — to be approximately 28%.Other Stocks to ConsiderHibbett HIBB has a long-term earnings growth rate of 22.4%. It presently sports a Zacks Rank #1.Abercrombie & Fitch ANF has a long-term earnings growth rate of 18%. It presently flaunts a Zacks Rank #1.Boot Barn Holdings BOOT has a trailing four-quarter earnings surprise of 38.6%, on average. It currently carries a Zacks Rank #2 (Buy). Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Abercrombie & Fitch Company (ANF): Free Stock Analysis Report Hibbett, Inc. (HIBB): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 22nd, 2021

Ribbon (RBBN) Deploys Direct Routing, Revamps Paltel"s Network

Ribbon (RBBN) partners Paltel to enhance the latter's network infrastructure with the deployment of Ribbon Connect for Microsoft Teams Direct Routing service. Ribbon Communications Inc. RBBN has collaborated with Palestine Telecommunication Company (“Paltel”) to revamp the latter’s legacy phone systems with Ribbon Connect for Microsoft Teams Direct Routing service. The offering includes a fully automated deployment process for both SIP trunks and Teams configuration. It operates in the Microsoft Azure cloud globally.Paltel is known for delivering the best-in-class technology and solutions in the telecommunication industry. This leading Palestine-based telco caters to both residential and business customers with a plethora of services.These include data communications, Internet and fixed-line services, and value-added services. Its data center boasts a stable network architecture and empowers businesses to transform with innovative communications solutions in a highly secured environment.At a time when majority of the organizations are switching to cloud communications and collaboration, Ribbon Connect is considered an ideal solution to design and build an enhanced network infrastructure on the back of streamlined business processes.Per the partnership, Paltel will be able to seamlessly add voice-calling capabilities into Microsoft Teams with access to nearly 250 million monthly active users. With Ribbon’s accretive client base, Paltel will be able to capture new markets without making major capital investments, thanks to its in-depth tech knowledge and expertise.Ribbon Connect for Microsoft Teams Direct Routing is a cloud-based solution that makes it easy for businesses to communicate with greater flexibility. The platform is equipped with intuitive web-based menus that facilitate the addition of Teams Calling to user profiles. It is a cost-effective offering that enables enterprises to migrate key sales staff to Teams.The solution is delivered on a per-user basis. It can automatically set-up Session Border Controller (SBC) services and integrate with an existing Cloud Unified Communications service. The SBCs ensure security and interoperability in business connections, thereby staying productive. Ribbon Connect minimizes planning issues and allows enterprises to scale up or down to match usage levels even in case of business fluctuations.Driven by such robust characteristics and consistent support, the partnership will be a win-win for both entities. It will accelerate the adoption rates of Ribbon Connect for Microsoft Teams Direct Routing solution, in turn, supporting Paltel to reach a wide base of customers while managing existing investments or business processes with the incorporation of Teams.Ribbon intends to remain focused on delivering real-time and secure data as well as voice network capabilities for the cloud, network, and enterprise edge. The Plano, TX-based communications services developer intends to augment its scale, total addressable market, and global footprint in service provider networks, enterprises, and critical infrastructure companies. This will help the company to expand its relationships with fixed and mobile service providers while enabling it to capitalize on the high-growth 5G market for lucrative cash flow.Zacks Rank & Stocks to ConsiderRibbon currently has a Zacks Rank #3 (Hold). Its shares have gained 56.2% compared with the industry’s growth of 101% in the past year.Image Source: Zacks Investment ResearchSome better-ranked stocks in the broader industry are Ooma, Inc. OOMA, Microsoft Corporation MSFT, and SeaChange International, Inc. SEAC. While Ooma sports a Zacks Rank #1 (Strong Buy), Microsoft and SeaChange International carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Ooma delivered a trailing four-quarter earnings surprise of 55.2%, on average.Microsoft delivered a trailing four-quarter earnings surprise of 16.9%, on average.SeaChange International delivered a trailing four-quarter earnings surprise of 28.9%, on average. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report SeaChange International, Inc. (SEAC): Free Stock Analysis Report Ooma, Inc. (OOMA): Free Stock Analysis Report Ribbon Communications Inc. (RBBN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 22nd, 2021

Insider Advertising: Supply-chain woes pull Christmas ads forward

In this week's Insider Advertising we're covering early Christmas ads, the rise in BNPL ad spending, and Facebook's planned rebrand. Hi, welcome back to Insider Advertising. I'm Lara O'Reilly, Insider's media and advertising editor. Before we begin, some news: This is the last edition before our newsletter goes on hiatus.Thank you so much for reading. While we're on our brief pause, you can keep up with me on Twitter @larakiara or you can also send your feedback and tips to loreilly@insider.com And to get "Insider Exclusives," our email alerts - sign up here by topic.Insider will be in touch soon with some newsletter updates. In the meantime, please take this brief survey to help us improve our newsletters.But until then, let's get right to this week's big advertising news:Supply-chain crisis pulls holiday ads forwardThe buy-now, pay-later ad-spending spreeFacebook readies a rebrandNever get high on your own supplyIt may feel as if the holiday season comes earlier and earlier every year, but this year it's undeniable. As Insider's Lindsay Rittenhouse reported, supply-chain disruptions have caused some leading retailers - including Zulily, Amazon, and the British e-commerce site Very - to run holiday campaigns earlier than usual.While hearing the soft tinkle of jingle bells in October might rankle some consumers, it's nowhere near as annoying as leaving the Christmas shop too late and coming away disappointed if products are unavailable.Adobe's latest US online-shopping forecast, which analyzes more than 1 trillion visits to retail sites, found that the presence of out-of-stock messages had increased 172% heading into the holiday season. Adobe Digital Economy Index (US); Taylor Tyson/Insider What's more, Adobe says discounts are expected to be in the range of 5% to 25% this year, versus the usual average of 10% to 30%. And consumers are set to be squeezed even tighter on everyday purchases, with both Procter & Gamble and Nestlé announcing price hikes.Still, where there's disruption, there's opportunity:Buy-now, pay-later brands are having a moment. As Insider's Tanya Dua reported, players like Affirm, Afterpay, Klarna, and PayPal collectively increased their ad spend between January and September by 130% year-over-year as they duke it out for a greater share of the booming $91 billion BNPL market.That jump in spending is sure to continue into the holiday season as shoppers look to spread out their payments. (Indeed, Adobe found consumers were increasingly using BNPL for less-expensive purchases.)Much like crypto and sports betting, BNPL is a new fast-growing client category for ad agencies.New York, concrete jungle where ads are made of Advertising Week New York Insider's deputy editor for media and advertising Lucia Moses reports:Live events are back! Thursday is the last day of New York's Advertising Week, where attendees got a taste of what it's like (for the vaccinated) to return to pre-pandemic times. The event was still available virtually, though, a feature that's likely to endure at live events.The supply-chain crisis was a prevalent theme this week.Roku shared a stat saying one in four parents started their holiday shopping in August. And Craig Brommers, the chief marketing officer of American Eagle, declared the traditional shopping season over as sales events like "fall-iday" and "gift-ober" become the norm and said brands would have to constantly retell their story to survive. "It is definitely not for the faint of heart," he added.He pushed back on the idea that physical retail is dead, though. "Gen Z are social creatures," he said. "They want to be out and about again."More from Advertising Week: Media owner Byron Allen has threatened further legal action against Madison Avenue and claims his lawsuit against McDonald's is moving forwardFacey McBookface Olivier Douliery/AFP via Getty Images It doesn't take a branding genius to figure out why Facebook thinks now is probably as good a time as ever for a rebrand.As The Verge's Alex Heath reported, Facebook is preparing to unveil a new company name in the coming days, intended to convey that the company has grown to become far more than just the big blue app - from WhatsApp, to VR, to the mysterious "metaverse."Cue the scoffing tweets.So which names might be in the mix? Speculation has centered on the words "Meta" and "Horizon," a reference to its social virtual-reality platform.Whatever Facebook settles on, what'll arguably be more interesting from a marketing perspective is the branding codes the company decides to use. Will the visual assets tip their hat to its heritage? Or will it attempt to do away with the past entirely?The 90-second slotIn this semiregular corner of the newsletter, we bring you a rapid-fire, 90-second interview with the industry's most influential executives in this week's advertising news.This week, I spoke with Natalie Placko, the general manager for global marketing and brand at Intrepid Travel. The tour operator this week rolled out a new brand identity and a refreshed set of trips designed around "ethical and responsible experiences." Intrepid Travel Are you backing the rebrand with any paid advertising?We've been a little controversial, I guess. Most brands would go out with a really big brand campaign. We're a travel brand coming out of the most crazy pandemic. So we have undertaken the first part of the rebrand. We've gone live across all of our own channels, and we'll be doing a bigger brand campaign in quarter one.Why now?We really feel there is a huge opportunity now for travel brands that have been in hibernation for a long time to come out of this pandemic refreshed, reenergized, revitalized. We didn't necessarily plan it - it was a work in progress, and we feel like the stars aligned. We feel that coming out of the pandemic we'll be a better business than we were before, and we were a great business before the pandemic.How have you adapted your approach to marketing planning given the prolonged uncertainty around travel?There's a new definition to planning and I think we have to be extremely flexible, fluid, and agile. We just haven't been able to do a lot. We're already planning for 2022, so it's almost like 2021 is done. We've had to be really tight, we've gone into a slow mode, but we're coming out of that probably quicker than we were expecting.Recommended reading:PayPal is considering buying Pinterest at $70 a share, or about $45 billion - BloombergAmazon is more than doubling the price of holiday livestreaming campaigns to $85,000, and it's offering email data to entice brands to buy in - Insider7 advertising pros share why they quite the agency world and what advice they'd give former colleagues - InsiderAmazon and Starbucks held talks about launching a cobranded lounge that combines cashierless Go stores with a café - InsiderOpinion: Scott Galloway thinks fraud will take down digital advertising. He's wrong. - InsiderOmnicom reported an 11.5% lift in organic revenue growth in its third quarter. CEO John Wren said supply-chain issues weren't causing clients to cut marketing spend. - Ad AgeSee you again soon - LaraRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 21st, 2021

4 Solid Stocks to Buy on Higher September Restaurant Sales

The restaurant industry is finally showing signs of recovery with sales picking up. This is helping companies like Denny's Corporation (DENN), Papa John's International (PZZA) and Darden Restaurants (DRI). The Delta variant of COVID-19 has been a cause of concern for the past couple of months but that hasn’t dented the confidence of people much. As the economy continues to reopen, people are confidently stepping out of their homes.This has seen the restaurant industry gradually getting back on its feet, with sales growing. And with the holiday season around the corner, people are likely to plan vacations and eat out, which is further likely to help the restaurant industry.Restaurant Sales Grow in SeptemberThe U.S. Census Bureau reported on Oct 15 that retail sales grew 0.7% in September. Spending rose almost across all sections, with restaurant sales growing 0.3% month over month in September. On a year-over-year basis, spending at food and drinking establishments jumped 29.5%.The monthly rise might not to be big given that many are still reeling under fears of the Delta variant of the virus. However, the industry seems on track for a steady recovery from the bad hit it took last year. That said, sales of food and beverages increased 0.7% month over month.With millions vaccinated,restaurants are once again attracting footfall. In fact, despite a surge in COVID-19 cases during summer, sales skyrocketed. Consumer spending at restaurants jumped 32% in the second quarter of 2021 compared to a year ago, according to a separate report from the NPD Group. The third quarter too is likely to be impressive given that cases started declining during this period and the government also eased restrictions further.Restaurant Industry Poised to GrowAccording to a report from the National Restaurant Association (NRA) issued last month, the Delta variant could slow down the restaurant industry’s recovery to some extent but will still be higher than last year. The report mentions that annual sales at U.S. restaurants are expected to increase 19.7% from 2020 to $789 billion this year.According to a Restaurant Business Online article, citing a report by the NRA, restaurant sales in the United States are bouncing back to normal after falling 19.2% last year, which was also the most challenging year for the industry.Also, travel is on the rise with people planning vacations ahead of the holiday season. Thus, restaurant sales are likely to get a further boost in the coming months.Our ChoicesGiven the situation, it would be ideal to invest in restaurant stocks. We have shortlisted five restaurant stocks, each carrying a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Denny’s Corporation DENN is one of the largest restaurant companies, operating moderatelypriced restaurants: Denny's, Hardee's, Quincy's, El Pollo Loco, Coco's and Carrows. The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings as improved 4% over the past 60 days. Denny’s Corporation sports a Zacks Rank #1.Darden Restaurants, Inc. DRI is one of the largest casual dining restaurant operators worldwide. The company has operations in the United States and Canada with more than 1,700 restaurants.The company’s expected earnings growth rate for next year is 76.6%. The Zacks Consensus Estimate for current-year earnings improved 2.3% over the past 60 days. Darden Restaurants has a Zacks Rank #2.Papa John’s International, Inc. PZZA operates and franchises pizza delivery and carryout restaurants in the United States and other specific international markets. Its dine-in and delivery restaurants operate under the brand name Papa John’s.The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings improved 0.6% over the past 60 days. It has a Zacks Rank #2.Dave & Buster's Entertainment, Inc. PLAY is a leading owner and operator of high-volume venues in North America that combine dining and entertainment for both adults and families.The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings improved 46.7% over the past 60 days. It has a Zacks Rank #2. 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 Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis Report Papa John's International, Inc. (PZZA): Free Stock Analysis Report Dave & Buster's Entertainment, Inc. (PLAY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 19th, 2021

Martha Stewart is reportedly planning to sell her viral "thirst trap" selfie as an NFT

The lifestyle mogul is planning to release regular collections tied to various holidays and seasons. Her first line is a Halloween-themed collection. David Crotty/Patrick McMullan via Getty Images Martha Stewart is releasing her very first NFT collection, The Wall Street Journal first reported. She is planning to release regular collections tied to various holidays and seasons. Her first line is Halloween-themed, featuring photos of pumpkin carvings and a picture of her in a bloody nurse costume. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Martha Stewart is getting in on NFT craze. The 80-year-old lifestyle guru is releasing her very first non-fungible token collection on her website Tuesday amid a digital asset boom, The Wall Street Journal first reported. The mogul will be launching the collectibles as a series, she told WSJ, and she is planning to release regular collections tied to various holidays and seasons. Stewart did extensive research before making her foray into the digital collectibles space by consulting her banker, Galaxy Digital Holdings founder Mike Novogratz, and rapper Snoop Dog, according to The Journal.Her first line is a Halloween-themed NFT named "Carved Collection" that features photos of various pumpkin carvings, her favorite jack-o-lanterns, and even a picture of her dressed as a bloody Halloween nurse. Down the line, she plans to release her viral summer pool selfie taken at her home in the Hamptons."That portrait will become an NFT," she told The Journal. "Who would have guessed? I have been cool for a long time but I'm even more cool now."NFTs - digital representations of artwork, sports cards, or other collectibles tied to a blockchain and usually purchased with cryptocurrencies - have surged in popularity this year with some selling for millions of dollars.When people buy NFTs, they gain the rights to the unique token on the blockchain, not the artworks themselves. But the fact that the information on a blockchain is next to impossible to alter makes NFTs appealing, especially to collectors and artists.Stewart partnered with Tokns Commerce, which provides end-to-end NFT solutions, and Fresh Mint, which will adapt her physical artifacts into tokens."These kids love to talk about cryptocurrency," she told the Journal, referring to her grandchildren. "They're the Reddit crowd. These are real go-getters. They want to be first, they want to be cool, they want to be hip." Read the original article on Business Insider.....»»

Category: smallbizSource: nytOct 19th, 2021

Badger Meter"s (BMI) Q3 Earnings Beat on Top-Line Growth

Badger Meter (BMI) reports strong third-quarter 2021 results with net earnings and revenues increasing year over year, driven by healthy order momentum and higher adoption of digital solutions. Badger Meter, Inc. BMI reported healthy third-quarter 2021 results, with both the bottom line and top line surpassing their respective Zacks Consensus Estimate. Solid demand environment, record order momentum across its diverse portfolio of innovative water solutions, and recovering market trends post the lockdown in the face of widespread supply chain shortages and delays boosted its performance. In response to the solid results, shares of the Milwaukee, WI-based controls products manufacturer jumped 2.9% to close at $103.65 on Oct 15.Net IncomeNet earnings in the reported quarter were $15.9 million or 54 cents per share compared with $14.9 million or 51 cents per share in the year-ago quarter. The year-over-year improvement can be primarily attributed to higher revenues. The bottom line surpassed the Zacks Consensus Estimate by 6 cents.Badger Meter, Inc. Price, Consensus and EPS Surprise Badger Meter, Inc. price-consensus-eps-surprise-chart | Badger Meter, Inc. QuoteRevenuesWith robust momentum, quarterly net sales increased to $128.7 million from $113.6 million in the year-ago quarter. The 13.3% rise was primarily due to solid order rates, driven by accelerated adoption of innovative digital water technologies among customers. Improved demand for flow instrumentation across industrial end markets despite certain macroeconomic challenges played a crucial role as well. The top line beat the consensus mark of $123 million.Utility water sales rose 12.2% owing to the water quality acquisitions of s::can and Analytical Technologies, Inc (“ATi”), fueled by strong order activity. This was partly offset by supply chain disruptions. Also, backlog recovery post COVID-19 lockdown, strength in ORION Cellular endpoint sales, strategic value-based pricing initiatives, favorable sales mix of high-end products and services along with higher BEACON Software-as-a-Service (SaaS) revenues acted as major tailwinds.The company witnessed another quarter of record-high order backlog, owing to manufacturing disruptions from electronic component shortages and logistics challenges. Flow instrumentation sales grew 18.5% year over year with stabilizing global order trends. Solid demand environment across the varied water and industrial end markets and applications played a major role as well.Other DetailsGross profit was $51.2 million, up 13.7% from $45 million in the year-earlier quarter. The gross margin was 39.8%, up 20 basis points. The upside was primarily driven by higher SaaS revenues with favorable product sales and acquisition mix. Value-based pricing actions drove the margin as well. Operating earnings were $19.4 million or 15.1% of sales compared with respective tallies of $19.5 million and 17.2% in the year-earlier quarter.Selling, engineering, and administration expenses were $31.7 million compared with $25.5 million in the prior-year quarter. It included the benefit of lower travel and other pandemic-impacted expense reductions. The increase was also driven by the inclusion of s::can and ATi water quality acquisitions.Cash Flow & LiquidityDuring the first nine months of 2021, Badger Meter generated $62.8 million of net cash from operations compared with $73.7 million in the prior-year period. Free cash flow in the quarter declined 27.2% to $13.9 million due to higher working capital and transitory repercussions of the current supply chain environment. Thanks to adequate financial flexibility and strong earnings conversion, the company is well-positioned to fund capital allocation priorities with greater credit availability.As of Sep 30, the company had $67 million of cash and cash equivalents with $75.9 million of total current liabilities.Going ForwardWith the gradual stabilization of overall end-market activities post lockdown, Badger Meter’s near-term outlook remains bullish. It expects to witness a solid backlog and bid pipeline on the back of increasing orders in the forthcoming quarters. This will eventually help the company to ensure the smooth functioning of business operations with strong profitability.Thanks to recovering macro trends and value-based pricing efforts, the company continues to expand its portfolio of smart water solutions while driving their adoption. The company continues to tackle increasing inflationary cost pressures across the business.Although logistics challenges serve as a prime headwind, effective sourcing strategies and supply chain management are expected to enhance Badger Meter’s operational agility. It remains committed to delivering critical products and services to its diversified customer base during this hour of crisis.Despite a challenging price/cost environment, Badger Meter is well poised to enable strategic, tuck-in mergers and acquisitions to provide differentiated offerings across global markets with a healthy liquidity position. The company is focused on investing in digital solutions that operationalize real-time data and utilize remote solutions to reduce overall costs and enhance efficiency, thereby addressing holistic water system requirements.Customer demand is predicted to be the crux of the product and technology roadmap. Continued R&D investments with inventory planning capabilities and backlog conversion are likely to provide potential opportunities in the future.Zacks Rank & Stocks to ConsiderBadger Meter currently has a Zacks Rank #4 (Sell).Some better-ranked stocks in the broader industry are Ooma, Inc. OOMA, SeaChange International, Inc. SEAC, and Bruker Corporation BRKR. While Ooma sports a Zacks Rank #1 (Strong Buy), SeaChange International and Bruker carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Ooma delivered a trailing four-quarter earnings surprise of 55.2%, on average.SeaChange International delivered a trailing four-quarter earnings surprise of 28.9%, on average.Bruker delivered a trailing four-quarter earnings surprise of 19.1%, on average. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>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 Badger Meter, Inc. (BMI): Free Stock Analysis Report Bruker Corporation (BRKR): Free Stock Analysis Report SeaChange International, Inc. (SEAC): Free Stock Analysis Report Ooma, Inc. (OOMA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 18th, 2021

Inside the Golden Door Spa, the California retreat loved by the wealthy that"s $9,950 for a week"s stay

Insider went on a rare tour of the ultra-exclusive California spa and resort that boasts a guest list of the world's elite. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The Golden Door Spa and Resort in California has hosted the world's elite at its 600 acres. Guests pay $9,950 for a week-long stay that includes spa treatments, workouts, and other activities. Executive Chef Greg Frey Jr. crafts the spa menu that's unlike traditional spas with satiating, nutritional, and delicious food. Hidden in the hills of San Diego County in California is Golden Door, a top-rated spa and resort that's welcomed the world's wealthy and other privileged guests since 1958. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Sitting on 600 acres of land in between San Diego and Los Angeles, spa-goers visit for one week at a time to relax and indulge in a variety of activities and treatments aimed at achieving mindfulness and self-improvement. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider A week's stay at Golden Door will set guests back $9,950 and high-profile visitors are common. It's not uncommon to see celebrities like Oprah Winfrey and Julia Roberts, among countless other high-net-worth individuals. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Each week will have a maximum of 40 guests, each of whom is required to test negative for COVID-19 upon their arrival at the spa. All Golden Door staff are also required to wear face masks on the property. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider And like any high-end spa, coming to visit requires advance planning as some weeks at Golden Door are booked up for months, if not years, ahead of time. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Insider received a rare look inside Golden Door in September. Here's what it was like. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The Golden Door experience begins quite literally with a golden door, behind which awaits a Japanese-style oasis completely hidden from public view. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider At a bend in the footbridge leading to the resort, guests are instructed to take three deep breaths and leave the stresses of the outside world behind. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider "We say to people 'please leave all of your troubles and your worries out here in this world because when you come into Golden Door …. you are in our care, we will take care of you,'" Kathy Van Ness, Golden Door's general manager and chief operations officer, told Insider. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The foyer is the main lobby of the spa and is where guests will get their first taste of the ornate Japanese design found in rooms throughout the property. Week stays begin on Sunday with Monday serving as the first full day of activities. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Guests will have undergone a personal interview before even arriving that's designed to gain insight into each visitor's goals and personalize the week's programming to their needs. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider An abundance of staff makes sure that guests are always on the right track and want for nothing. The ratio of employee to staff at Golden Door is five to one. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Guests are also told to pack light as workout clothes, t-shirts, terry robes, a yukata, a kimono, and sandals are provided as well a yoga mat, journal, tote, reusable water bottle, and skincare products. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider A total of 40 guest rooms are available on the property and almost every one of them is identical. Two of the rooms are larger villas that are booked up first and they come with a premium of $600. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Couples visiting the resort can share a room but the experience, Van Ness said, can be better when having individual accommodations. That's because some of the programming will take place in the rooms including personal massages. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Japanese gardens fill the property with one of the largest selections of traditional lanterns in the US. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Side rooms such as the bamboo court lounge are where some of the sessions and classes take place over the course of a week. And during men's camp weeks, it's not uncommon for sports to be playing on the television. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The dining room is where guests will enjoy most of the meals over the course of the week designed to provide the energy to take on everything that Golden Door has to offer. Here, guests are encouraged to interact with one another, especially women traveling to the spa on their own and even high-profile guests. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The celebrity visitors, Van Ness has found, are also just as engaged and interactive as their peers. And if guests are "mesmerized" by a celebrity presence, they often don't let it show. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider "That's why VIPs like to come here because nobody is being filmed on camera, nobody is worried about their privacy, and everybody is doing the same thing [other guests] are doing," Van Ness. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Executive Chef Greg Frey Jr. is tasked with crafting meals at the spa and upends the traditional notion of "spa food" with his creations. Meals are nutritional yet incredibly filling so guests are encouraged to find unhealthy food elsewhere. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider "It's all about the sizes and the portions that you eat," Van Ness said of Golden Door's nutritional philosophy. "Portion control is 99% of healthy weight control." Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Miso glazed black cod is served every Sunday because, on Monday morning, guests will need all of the energy it provides to take on the day ahead. Inside the Golden Door spa. Thomas Pallini/Insider "On Monday, everyone wants to do everything," Frey said. "They're going to do a lot more activity than they normally would have done at home. This [meal] was really designed to give them, the night before, those energies that they're going to need for the next day so they don't crash. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Guests can plan to burn between 2,000 and 5,000 calories in a given morning, whether it be from an eight-mile hike or an intense workout session in the gym. The quality of the meal is important to keep guests going during their stay. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider And there’s no shortage of activities for guests to do to burn those calories. Golden Door has seven gyms, three pools, a tennis court, a fitness courtyard, and 30 miles of hiking trail across its 600 acres, just to name a few of its amenities. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Next to the dining room is also the tea room, where guests will "just refresh their day before heading to dinner," Van Ness says. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider A warm cup of tomato broth, for example, will give guests a healthy serving of potassium. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider And freshly picked fruits and vegetables offer a small snack in between meals. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Right outside the tea room is another tranquil Japanese-style garden, as well as a koi pond that's home to what seemed like hundreds of fish. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Protecting Golden Door's pristine aesthetic is the fact that the resort is grandfathered into building restrictions that allow it to have a koi pond without a fence surrounding it, for example. "We'll never touch the outside," Van Ness said. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Walls surround Golden Door where it's geographically feasible but they can't stop the highway noise from nearby Interstate 15 in some areas on the edges of the resort. Rooms are soundproofed, however, to minimize such distractions. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Wander down a dirt road just a few hundred feet from the guest rooms and a sprawling garden awaits from where the kitchen gets its ingredients that feed the spa. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Golden Door utilizes bio-intensive farming in its garden, growing rows upon rows of fresh fruits, vegetables, herbs, and spices. "Soil is the key to good food," Van Ness said. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider One of the goals of the garden is to expose the guests to different varieties of produce beyond what's sold in grocery stores. There are 65 different types of tomatoes growing in the garden, for example. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider It's here in the garden that Frey will find the inspiration for his meals. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider "I want to go out and see, what are the ingredients and then those formulate and percolate into an idea," Frey said. "Until I have that plate in my hand and I'm actually putting these things together, I really have no idea what it's going to look like." Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Some rows had been recently cleared, indicating that the produce was used that same day by Golden Door chefs. And whatever Golden door doesn't use goes to its newly-opened country store in the town of San Marcos. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider California droughts don't greatly affect Golden Door. Wells on the property provide an ample water supply to keep the garden bountiful. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Guests will also have lunch in the garden once a week on a long wooden table crafted using the wood from old boat docks. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider A coop with around 70 chickens supplies the eggs for the spa. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The eggs are also a best-seller in Golden Door Country Store, as well as items like pesto sausage. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Chickens are then moved to homes after they've begun laying eyes. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Rising high above the property is a mountain that's home to one of eight trails at Golden Door. The nearby Pacific Ocean is clearly visible from the peak. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Hiking is a popular pastime for guests and is one of the first activities of the day. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The Golden Door experience ends at the labyrinth, where guests spend around a half-hour walking the path while going through self-examination of what they've learned over the past week. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider "Are you taking something with you that we've given you that need or are you leaving something behind that you don't need?" Van Ness said. "It's a very slow walk to have your mind clear up and focus on yourself." Inside the Golden Door Spa and Resort. Thomas Pallini/Insider And if the week was a success, guests should leave with a better understanding of "how to be a happier person, how to be satisfied, how to be kinder," she said. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Women make up the majority of customers with 42 weeks of the year dedicated to women's programming. But male guests are growing in number, with Golden Door increasing the number of men's weeks to six per year from two as well as six coed weeks. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider There are activities geared toward male guests including archery and fencing but Van Ness has found that men enjoy the beauty aspect of the spa and participate there just as much as the women do. Van Ness attributes it to a sense of being freer in a group of their peers with no judgments. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Around 11% of Golden Door’s guests are international arrivals from Japan, Norway, England, Spain, and Canada, among other countries. The rest of the visitor list is comprised of a bi-coastal demographic split between East and West Coasts. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The high price of a spa doesn't deter repeat customers. In fact, around 60% of visitors will return in their lifetime. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider A loyalty program does exist where Golden Door will host a party at their expense for any guest that makes at least 100 visits to the spa. And so far, only six men have reached that milestone. No women have hit that threshold but one guest has made 98.5 visits. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider And while a week-long stay at Golden Door will run at least $9,950, travelers can experience a taste of the spa when booking a flight on some Singapore Airlines flights. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Singapore Airlines' ultra-long-haul flights between Singapore and the US will feature a new in-flight offering starting in January 2022 that includes a Golden Door-inspired wellness and dining program. Inside the Golden Door spa. Thomas Pallini/Insider Here's how Singapore Airlines and Golden Door are redefining luxury on the world's longest flight.  Chef Greg is tasked with crafting the menu that's very much in sync with what is served at the spa. Some dishes will be identical to what Golden Door serves its own guests while others will be specific to Singapore Airlines. Inside the Golden Door spa. Thomas Pallini/Insider Guests that want to bring a piece of the spa home with them can also visit the boutique in the center of the resort, with items specifically curated by Van Ness. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The Golden Door symbol on some of the store’s merchandise is likely one that few will recognize but will signify membership in an exclusive club of spa-goers. Other items, such as the Golden Door ginger snap cookies, aren’t likely to last very long after purchase before being eaten. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider The most expensive piece of jewelry on display costs as much as a week's stay at the spa. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Though Golden Door is not a nonprofit, all of its net profits are donated to charitable organizations. Charities include Forensic Health Services, The New York Society for the Prevention of Cruelty to Children, San Francisco Child Abuse Prevention Center, Whole Planet Foundation, I Have a Dream, Rady Children's Hospital & Fantastic Fungi. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Guests finally leave Golden Door on the same path in which they entered, and have to once again cross the bend. "Now you're leaving Golden Door but take us with you until we meet again," Van Ness said. Inside the Golden Door Spa and Resort. Thomas Pallini/Insider Read the original article on Business Insider.....»»

Category: smallbizSource: nytOct 17th, 2021