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GM may allow organized labor at new EV battery plants, Bloomberg reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

The FAA says airlines must crack down harder on unruly passengers - and is giving them 1 week to respond

The FAA has proposed $1 million in fines for unruly passengers, but flight attendant union leader Sara Nelson asked the US for more protection. PROSPEROUS BAY, SAINT HELENA - OCTOBER 21: An air stewardess waits for the steps to be placed at the aeroplane door on the runway at St Helena airport on October 21, 2017 in Prosperous Bay, Saint Helena. Following the introduction of weekly flights to the island, resident St Helenians, known locally as 'Saints', are preparing for a potential influx of tourists and investment as well as enjoying the possibilities brought by much faster transport links with South Africa. Previously, travel to the island involved travelling for a week by the Royal Mail Ship (RMS) 'Saint Helena' from Cape Town. Saint Helena is a 46 square mile island in the South Atlantic which has been under British control since 1834. Leon Neal/Getty Images The FAA has asked airlines to step up their efforts to curb passenger violence on planes. The FAA has received about 4,000 reports of unruly passenger violence between January and September. Flight attendants union leader Sara Nelson has asked the FAA to take more action to protect workers. See more stories on Insider's business page. The Federal Aviation Administration asked airlines to provide information on their efforts to reduce passenger violence within one week.The FAA met with trade groups representing Delta, American, United, and other airlines on Tuesday regarding the country's passenger violence crisis, Reuters reported. The federal agency reportedly told airlines to "commit to take more action" to stop violence on board."Aviation safety is a collaborative effort," FAA administrator Steve Dickson said in a tweet. "Thank you to [Airlines for America], [Regional Airline Association] and [National Air Carrier Association] for your continued partnership and substantial work to help reduce unruly behavior. Look forward to continuing our work together to protect passengers and crew."-FAA Steve Dickson (@FAA_Steve) September 21, 2021The FAA will hold similar meetings with airport and labor representatives, Reuters reported.The FAA has received about 4,000 reports of unruly passenger violence between January and September 2021. Most of the reports related to passengers refusing to wear a mask.Flight attendants have born the brunt of violence on airlines. One in five flight attendants said they've had a passenger get physically angry with them, according to the industry's largest union.Flight attendants told Insider they've feared for their safety due to the risk of violence on board after many have reported being punched, spat on, and called racial slurs by passengers. Attendants said their mental health has declined due to regular verbal harassment from frustrated passengers.The federal agency has proposed more than $1 million in fines for unruly passengers this year, but flight attendant union leader Sara Nelson asked the FAA and Department of Justice for further protection."It is time to make the FAA 'zero tolerance' policy permanent, the Department of Justice to utilize existing statute to conduct criminal prosecution, and implement a series of actions proposed by our union to keep problems on the ground and respond effectively in the event of incidents," Nelson said in July......»»

Category: topSource: businessinsider14 hr. 40 min. ago

A single pair of jeans can take 1,500 liters of water to make - these sustainable denim brands are looking to change that

Denim is one of the least eco-friendly industries, but these brands are taking steps to improve with more sustainable production methods. When you buy through our links, Insider may earn an affiliate commission. Learn more. Taylor Stitch On average, it takes 1,500 liters (about 396 gallons) of water to produce a single pair of jeans. Jeans are one of the least eco-friendly clothing items, but brands are taking steps to improve. Here are some of the brands using eco-friendly materials and sustainable production methods. Jeans are the cornerstone of just about any wardrobe. But as popular as the pants are, they're actually rather harmful to the environment. From the pesticides and insecticides used to grow cotton to the massive amounts of water, energy, and chemicals used to process the materials and turn them into denim, jeans rank as one of the least eco-friendly clothing items to make. According to Everlane, it takes about 1,500 liters (that's roughly 396 gallons) of water to produce a single pair of jeans.Realistically, those stats aren't going to prevent anyone from buying jeans. But as responsible consumers, we can do our part by shopping brands that value sustainability in their production methods. So, to point you in the right direction, we rounded up seven brands that are making jeans more sustainably by implementing less wasteful manufacturing techniques and more effective recycling programs. From startups like Frank And Oak and Outerknown to legacy brands like Levi's, you won't have a problem finding denim with high-impact style and low-impact everything else.7 brands making sustainable denim: Everlane Everlane Slim 4-Way Stretch Organic Jean (small)Authentic Stretch High-Rise Skinny Mid Blue (small)Everlane has always been about transparency. In addition to prioritizing ethical labor practices, it's made sustainability a major tenet of its production process.You'll find apparel made from recycled plastic in the ReNew Collection along with what the brand calls the "world's lowest-impact sneakers" from its shoe line, Tread. But jeans are another area Everlane has made huge strides in as far as sustainability goes. The jeans are made in Saitex, the world's cleanest denim factory. The facility recycles 98% of its water and uses clean energy. After the water is recycled, Everlane's jeans use 0.4 liters of water compared to the whopping 1,500 liters of water per pair when using traditional production methods.Learn more about Everlane denim and shop for men and women here. Outerknown S.E.A. Jeans Outerknown S.E.A. Jeans (small)Founded by professional surfer Kelly Slater, Outerknown is self-described as "For the people and the planet." The brand makes every decision with the highest regard for people that manufacture their products and planet on which they're produced.Outerknown's S.E.A. Jeans are made with 100% organic cotton and are also produced in Saitex's clean factories. Despite putting a lot of focus on being eco-friendly, Outerknown didn't cut any corners in terms of quality — and the brand fully stands behind its products with a lifetime guarantee.If your S.E.A. Jeans ever wear or break, you can send them back and Outerknown will repair or replace them for free.Read our reviews of the Outerknown S.E.A. Jeans here. Warp + Weft Warp + Weft JFK Skinny Jeans (small)MXP High-Rise Jeans (small)AMS Slim Jeans (small)Founded by Sarah Ahmed, Warp + Weft has made an impact on the apparel industry with its ultra-inclusive range of sizes and inseams, but it's also touted as the world's cleanest vertically integrated denim company (meaning it owns its own factory).To be completely transparent about its manufacturing process, Warp + Weft gives a look inside its factory, highlighting elements like responsibly sourced cotton, eco-friendly dye, water-saving techniques, and solar power.Shop all Warp + Weft jeans here.Read our full review of Warp + Weft jeans here. Levi's Levi's Women's 501 Skinny Jeans (small)Women's Original Sherpa Trucker Jacket (small)Men's 511 Slim Fit Jeans (small)Men's Sherpa Trucker Jacket (small)Levi's is one of the biggest — if not the single biggest — denim brand in the world. It's also one of the most sustainable brands. In 2010, Levi's launched the Better Cotton Initiative, which trains farmers to use less water, pesticides, insecticides, and synthetic fertilizers when growing cotton plants. And now, the brand has ramped up its sustainability efforts to all aspects of its business. From manufacturing techniques that use organic cotton, less water, and plant-based dyes to introducing a secondhand program where used denim is resold rather than sent to landfills as trash.So far, Levi's has saved more than 4.2 billion liters of water and recycled more than 6 billion liters of water. To date, 75% of the brand's cotton now comes from more sustainable sources and 65% of its products are currently made in factories that run Worker Well-being programs.Shop the Levi's Wellthread Collection here.Shop Levi's Secondhand items here. Taylor Stitch Organic Selvage Taylor Stitch Organic Selvedge (small)18 Month Wash Organic Selvage (small)When Taylor Stitch first started producing its signature '68 Denim in 2011, the brand teamed up with Cone Mills in Greensboro, North Carolina. By relying on the legendary cotton textile company, Taylor Stitch was guaranteed the highest quality American-made selvage denim for its jeans — but when Cone Mills closed doors to its last White Oak plant and the existing supply finally ran out, Taylor Stitch went back to the drawing board with the goal to reproduce the jeans to be more sustainable and better than before.After spending more than a year looking for the right materials and manufacturer, Taylor Stitch collaborated with ISKO mill, the world's largest producer of denim in the world, and re-released the '68 Denim — this time using 100% organic cotton (no pesticides) and sustainable production methods that use far less water, energy, and chemicals.If you love traditional selvage denim (like myself), the Taylor Stitch Organic Selvage will give you the same exact look and feel you're after — and you won't feel bad about wearing them.Read our review on Taylor Stitch denim here. Frank And Oak Frank And Oak Dylan Slim Stretch Denim (small)Stevie High Waisted Denim (small)In 2012, childhood friends Ethan Song and Hicham Ratnani founded Frank And Oak with the simple goal of helping men dress better with affordably priced clothing. After far exceeding its initial goal, the brand launched a women's line and set out to actively reduce its carbon footprint — and denim is one of its main areas of focus.By teaming up with Hydro-Less Laundry, an eco-certified factory in Dubai, Frank And Oak's denim production uses 79% less energy, 50% fewer chemicals, and 95% less water than traditional manufacturing techniques. While its conservation efforts are comparable to other brands making sustainable jeans, Frank And Oak stands out with its affordable price.Regardless of what fit or wash you choose, you can get a pair of Frank And Oak jeans for $89.50 or less. Shop Frank And Oak denim here. Read our review of Frank And Oak's sustainable denim here. J.Crew and Madewell J.Crew Women's Jeans (small)Women's Denim (small)Men's Jeans (small)Men's Denim (small)J.Crew and its sister brand Madewell have teamed up with Fair Trade USA, a non-profit organization that helps brands create better working conditions for employees and implement environmentally friendly manufacturing processes.In doing so, both J.Crew and Madewell launched their first Fair Trade Certified denim collections. Also made in Saitex factories, the jeans use 75% less water, 65% fewer chemicals, and less energy. Beyond the sustainability benefits, J.Crew and Madewell's jeans provide Saitex factory workers with benefits, equal pay for women, and additional donations to support infrastructure in their local communities in Vietnam. And if you've got old jeans that you no longer want or need, you can donate them to J.Crew and they'll work with nonprofits that turn them into housing insulation that can be used by organizations like Habitat for Humanity. Read the original article on Business Insider.....»»

Category: topSource: businessinsider18 hr. 56 min. ago

Tuesday links: soft work

MarketsIt's been four months since a 'shocking' decline in the stock market. (sentimentrader.com)Why the Fed's decision to taper will cause volatility but ultimately be a relief. (thereformedbroker.com)CryptoScams are on the rise in the NFT space. (theverge.com)Sorare, a soccer-focused NFT trading platform, announced a $680 million Series B fundraise led by SoftBank. (theblockcrypto.com)CompaniesDid you know Warren Buffett's grand-nephew is co-CEO of Boston Omaha ($BOMN)? (humbledollar.com)Fedex ($FDX) and UPS ($UPS) are boosting rates. (wsj.com)How Facebook ($FB) enables troll farms. (technologyreview.com)AppleThe Apple ($AAPL) iPhone 13 is a modest upgrade, at best. (nytimes.com)The new iPhone 13s have better cameras and battery life. (daringfireball.net)Apple's ($AAPL) iOS 15 is probably a bigger deal than the new phones. (wsj.com)FinancePayPal ($PYPL) has launched its 'super app.' (techcrunch.com)JPMorgan Chase ($JPM) has acquired college planning platform Frank. (cnbc.com)Real estateStartups with cash-offer programs for home buyers are expanding quickly. (wsj.com)The self-storage business is still made up of mom and pops. (nytimes.com)The golf revival has spurred interest in golf real estate. (frontofficesports.com)Supply chainShortages are expected this holiday season. (axios.com)Why so many ships are sitting offshore from the ports of Los Angeles and Long Beach. (wsj.com)Supply chain issues are largely labor issues. (theatlantic.com)Earlier on Abnormal ReturnsResearch links: genuine stock selection skill. (abnormalreturns.com)What you missed in our Monday linkfest. (abnormalreturns.com)Adviser links: the ideal adviser. (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 mediaIt's not you, you really are working longer hours at home. (axios.com)Why you think everyone is working from home, but they're not. (theatlantic.com)The child care worker shortage is epic. (nytimes.com).....»»

Category: blogSource: abnormalreturns19 hr. 40 min. ago

China Formally Applies to Join Asian Trade Deal That Donald Trump Abandoned

The treaty, originally called the Trans-Pacific Partnership, was envisioned by the U.S. as an economic bloc to counterbalance China’s growing power. Beijing has applied to join an Asia-Pacific trade pact once pushed by the U.S. as a way to isolate China and solidify American dominance in the region. China submitted a formal application letter to join the deal, known officially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, according to a statement late Thursday in Beijing. The treaty was originally envisioned by the U.S. as an economic bloc to counterbalance China’s growing power, with then-President Barack Obama saying in 2016 that the U.S., not China, should write the regional rules of trade. His successor Donald Trump pulled out of the deal in 2017, with Japan leading the revised and renamed pact to a successful conclusion the following year. [time-brightcove not-tgx=”true”] The application is certain to spark a reaction from Washington, where a number of lawmakers had already expressed concern about China’s efforts to join. There have been no signs from the administration of President Joe Biden that it’s interested in rejoining the deal. The application is the result of months of behind-the-scenes discussions after President Xi Jinping said in 2020 the nation was interested in joining. China is the second country to apply to join the 11-nation deal, after the U.K. asked to become a member earlier this year. “It’s a perfectly rational calculation by the Chinese leadership,” said Hosuk Lee-Makiyama, director of the European Centre for International Political Economy in Brussels. “Given how the Chinese market is driving the economic recovery, their cards will never be this strong again. Or rather, the cost of rejecting China’s application will never be this high.” Diplomatic Disputes The application underlines the increasingly complicated geopolitical situation in Asia, where China is the dominant economy and main trading partner for many, but competition with the U.S. is getting worse. Australia, Singapore, New Zealand and Japan are CPTPP members and close allies of the U.S., but along with China they’re also members of the Regional Comprehensive Economic Partnership, which was successfully negotiated last year. Military and diplomatic tensions between China and Japan, the largest economy in CPTPP, have been increasing due to China’s increased military presence around islands that both nations claim as their own, Chinese threats to Taiwan, and other factors. Regarding China’s application, “Japan must look properly at whether it is ready to reach the high level of TPP,” Foreign Minister Motegi Toshimitsu said in Tokyo Friday. “We will confer with other member countries and deal with this, taking into account strategic issues,” he said, adding that the U.K.’s application would be dealt with first. Taiwan had also expressed interest in joining CPTPP and had been talking with members of the group, with some Japanese ruling party lawmakers last month supporting Taiwan’s entry. However, the Chinese application will complicate that as Beijing opposes Taiwan joining any international organization or group. Taiwan will continue to talk to the members and will apply when there is consensus, the island’s Minister of Economic Affairs Wang Mei-hua told reporters Friday in Taipei. China’s surprised the CPTPP members with it’s sudden bid, according to Wang, who said there were concerns whether China could meet the deal’s high standards. Tensions with Australia The bid from China to join CPTPP was made less than a day after Australia, the U.S. and the U.K. announced they would form a more cohesive defense arrangement to offset China’s rising military prowess. China attacked that agreement, but it will now need to negotiate with Australia and probably the U.K. about CPTPP accession. Any talks won’t be simple—China and Australia are already in the midst of an economic and trade dispute, which has seen Beijing apply tariffs or block billions of dollars of Australian exports, despite the two nations having a free-trade agreement. Still, China last week publicly lobbied Canberra for its support to join the deal. Australian Trade Minister Dan Tehan said Friday that all 11 member nations would need to be in agreement for negotiations to start, and pointedly noted China would have to talk directly to the other nations. Australia ministers haven’t talked to their Chinese counterparts since early last year, and Tehan is still waiting for a response to a letter he sent Commerce Minister Wang Wentao in January. After China’s application was submitted, Wang had a follow-up call with his counterpart Damien O’Connor of New Zealand, which is the depositary nation for the agreement. “China will, according to procedures of CPTPP, engage in necessary consultations with members,” Chinese Ministry of Foreign Affairs spokesman Zhao Lijian said in Beijing. “On the basis of the conclusion of RCEP, China’s accession to CPTPP will be beneficial to the Asia-Pacific regional economic integration process.” Canada is another CPTPP member that’s in a dispute with China, with one Canadian citizen jailed for 11 years and another still awaiting sentencing in cases that are seen as linked to the arrest in Canada of the daughter of the founder of Huawei Technologies Co. A number of members of Congress have been calling for the U.S. to either rejoin the CPTPP or to be more active on trade diplomacy in the region. However, the Biden administration hasn’t announced any concrete trade policies for the region, although there are reports it’s discussing a digital trade deal covering Asia-Pacific economies. “The future of technology, trade and defense is either going to be led by the Chinese Communist Party or by the United States and our allies,” U.S. Senator Ben Sasse said in response to the news. “If China sees the value in building alliances across the Pacific, why can’t the United States? Let’s get back into a position of leadership instead of retreat.” Trade Rules A former U.S. trade official said China’s membership in the group isn’t assured given its trade regime and direction toward more central control of its economy. “It’s extremely difficult, if not impossible, to see how they could embrace the CPTPP rules governing state-owned enterprises, labor, e-commerce, the free flow of data, among others, as well as comprehensive market access commitments,” said Wendy Cutler, vice president of the Asia Society Policy Institute and a former acting deputy U.S. Trade Representative. Japanese Finance Minister Aso Taro also expressed doubt that China could meet the requirements. “Is China in a state where it can join?” Aso asked Friday in Tokyo. “From the perspective of the 11 nations that will be accepting new members, right now we’re just at the point of asking ‘are we going to do this? Really?’” Others were more confident China will be successful. “In the long term, they will be able to work out some of the differences, especially as these countries realize that China is going to be the biggest market for them and the U.S. is not going to join anytime soon,” said Henry Gao, associate professor of Law at Singapore Management University, who has written extensively on Chinese law and the World Trade Organization. But it won’t happen anytime soon, he said, as “the accession process would probably drag on for a couple of years.” The U.K. applied to join first and is seeking to conclude talks to join by the end of 2022, the former British trade secretary said in August. The CPTPP ranks third among the largest free-trade agreements behind the $26 trillion Regional Comprehensive Economic Partnership and the $21.1 trillion U.S.-Mexico-Canada Agreement. China’s addition to the CPTPP would make it the most valuable free-trade agreement ever signed. The 11 signatories of the CPTTP have combined economic value worth about $13.5 trillion, or about 13% of global gross domestic product. —With assistance from Isabel Reynolds, Yuko Takeo, Cindy Wang and Philip Glamann......»»

Category: topSource: timeSep 21st, 2021

Total Construction Starts Decline In August

­­­Third consecutive monthly decline pushes starts to 11-month low Q2 2021 hedge fund letters, conferences and more HAMILTON, New Jersey — September 20, 2021 — Total construction starts fell 9% in August to a seasonally adjusted annual rate of $782.8 billion, according to Dodge Data & Analytics. All three sectors lost ground during the month: […] ­­­Third consecutive monthly decline pushes starts to 11-month low if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more HAMILTON, New Jersey — September 20, 2021 — Total construction starts fell 9% in August to a seasonally adjusted annual rate of $782.8 billion, according to Dodge Data & Analytics. All three sectors lost ground during the month: nonbuilding starts were down 2%, residential starts were 9% lower, and nonresidential building starts fell 13%. “Construction starts have hit a rough patch following the euphoria seen in the early stages of recovery from the pandemic,” stated Richard Branch, Chief Economist for Dodge Data & Analytics. “The Delta variant has raised concern that the fledgling economic recovery is stalling out, undermining the already low level of demand for most types of nonresidential buildings. Additionally, significant price increases for construction materials, logistic constraints, and labor shortages are making a challenging situation worse. Construction starts are likely to remain unsteady over the next few months. However, the dollar value of projects entering planning continues to suggest that the recovery in construction starts should resume early in the new year.” The Full Breakdown Of Construction Starts Below is the full breakdown: Nonbuilding construction starts lost 2% in August to a seasonally adjusted annual rate of $167.8 billion. Starts in the environmental public works category (water-related projects) gained 4%, while miscellaneous nonbuilding starts (heavily pipelines) were up 14%. Meanwhile, highway and bridge starts were 4% lower and utility/gas plants dropped 21% following a sizeable gain in July. Year-to-date, total nonbuilding starts were up 1% through August. Environmental public works were up 23%, and utility/gas plant starts were up less than one percentage point through August. Starts in the highway/bridge (-2%) and miscellaneous nonbuilding sectors (-19%) were down through the first eight months of the year. For the 12 months ending in August 2021, total nonbuilding starts were 2% lower than the 12 months ending in August 2020. Environmental public works starts were 22% higher and highway and bridge starts were up 3%, while utility and gas plant starts were down 17% and miscellaneous nonbuilding starts were 22% lower on a 12-month rolling basis. The largest nonbuilding projects to break ground in August were the $677 million Oak Hill Parkway roadway in Austin, TX, the $351 million southern expansion of the Kansas City Streetcar system in Kansas City, MO, and the $300 million first phase of the Dunns Bridge Solar Project in Wheatfield Township, IN. Nonresidential building starts fell 13% in August to a seasonally adjusted annual rate of $244.9 billion. The declines were broad-based across building types with few bright spots. Commercial starts dropped 10%, institutional starts lost 15%, and manufacturing starts fell 37% following a sizable gain in July. Despite overall losses, there were gains in the retail, parking, and public buildings. Year-to-date through eight months, nonresidential building starts were 3% higher. Commercial starts increased 2% and manufacturing starts were 33% higher. Institutional starts, however, were 1% lower through eight months. For the 12 months ending in August 2021, nonresidential building starts were 8% lower than in the 12 months ending in August 2020. Commercial starts were down 8%, institutional starts fell 4%, and manufacturing starts dropped 29% in the 12 months ending August 2021. The largest nonresidential building projects to break ground in August were the $800 million first phase of the Facebook Eastmark Parkway data center in Mesa, AZ, the $400 million Facebook data center in Springfield, NE, and the $350 million Pratt & Whitney Project Ranger manufacturing building in Asheville, NC. Residential building starts lost 9% in August to a seasonally adjusted rate of $370.2 billion. Single family starts fell 12% in August, while multifamily starts increased 1%. Through eight months, residential starts were 24% higher than in the same period one year ago. Single family starts gained 29%, while multifamily starts grew 13%. For the 12 months ending in August 2021, total residential starts were 21% higher than the 12 months ending in August 2020. Single family starts gained 28%, while multifamily starts were up 2% on a 12-month sum basis. The largest multifamily structures to break ground in August were the $615 million Flamingo Crossing Apartments in Winter Garden, FL, the $400 million 1018 West Peachtree apartments in Atlanta, GA, and the $374 million Victoria Place Gateway Tower in Honolulu, HI. Regionally, total construction starts lost ground in August in all five regions. August 2021 Construction Starts About Dodge Data & Analytics Dodge Data & Analytics is North America's leading provider of commercial construction project data, market forecasting & analytics services, and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, seize growth opportunities, and pursue specific sales opportunities with success. The company's construction project information is the most comprehensive and verified in the industry. As of April 15th, Dodge Data & Analytics and The Blue Book -- the largest, most active network in the U.S. commercial construction industry -- combined their businesses in a merger. The Blue Book Network delivers three unparalleled databases of companies, projects, and people. Dodge and The Blue Book offer 10+ billion data elements and 14+ million project and document searches. Together, they provide a unified approach for new business generation, business planning, research, and marketing services users can leverage to find the best partners to complete projects and to engage with customers and prospects to promote projects, products, and services. To learn more, visit construction.com and thebluebook.com. Updated on Sep 20, 2021, 4:17 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkSep 21st, 2021

Here"s How NIKE (NKE) is Positioned Ahead of Q1 Earnings

Continued digital growth, return of sports activity, the reopening of stores and wholesale business strength are expected to have aided NIKE (NKE) in Q1. Supply-chain disruptions might have hurt. NIKE Inc. NKE is slated to release first-quarter fiscal 2022 results on Sep 23. The leading sports apparel retailer is likely to have witnessed sales and earnings growth in the quarter under review. Strong digital momentum across all regions has been aiding the company’s top line.The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $12.56 billion, suggesting an 18.5% increase from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for the company’s earnings for the fiscal first quarter is pegged at $1.12 per share, suggesting growth of 17.9% from the year-ago reported figure. Earnings estimates for the fiscal first quarter have moved up by a penny in the past 30 days.In the last reported quarter, the company delivered an earnings surprise of 82.4%. Its bottom line has beat the consensus estimate by 56%, on average, over the trailing four quarters.NIKE, Inc. Price and EPS Surprise  NIKE, Inc. price-eps-surprise | NIKE, Inc. QuoteKey Factors to NoteNIKE has been benefiting from the return of sports activity, the reopening of stores, wholesale business strength and digital growth, owing to permanent shifts toward digital and health & wellness. Strong customer connections through compelling brand experiences across NIKE Jordan and Converse, product innovation, and expanding digital advantage have been key drivers.NIKE’s efficient digital ecosystem, which comprises its online site as well as commercial and activity apps, has become the primary channel to engage and serve customers. This has been aiding digital sales growth for the past few quarters. Even as stores reopen, the company is likely to have witnessed strong digital trends in the fiscal first quarter, demonstrating the strength of its brands and investments made over the past several years to improve digital consumer experiences.Higher full-price product margins, owing to the geographic mix and favorable digital mix, are expected to have aided the gross margin in the to-be-reported quarter. The company is likely to have benefited from the anniversary of last year’s higher costs, including lower factory cancellation charges, lower inventory obsolescence reserves and a favorable rate impact of supply-chain fixed costs on a higher volume of wholesale shipments.However, the company is expected to have witnessed higher SG&A expenses, owing to higher operating overhead and demand-creating expenses, driven by the return of sporting activities and events as the effects of the pandemic fade away. Spends related to sporting events, consistent store-operating schedules and investments against its largest opportunities are expected to have resulted in higher SG&A expenses.The company’s fiscal first-quarter revenues are expected to have reflected continued impacts of the adverse market dynamics in Greater China due to boycotts related to the reports of forced labor in Xinjiang. On its last reported quarter’s earnings call, management noted that the slowdown trends in China continued into June. However, it noted that revenue trends slightly improved from the decline witnessed in May. The persistence of softness in China sales is expected to have weighed on the company’s overall revenues.NIKE has been facing increased uncertainty from manufacturing disruptions in Vietnam due to a new wave of COVID-19 outbreaks in the region. This has resulted in almost zero production from its Vietnam factories in the past two months. NIKE has about 51% of footwear and 30% of apparel units (43% of total units) in Vietnam.The company is also expected to have witnessed supply-chain disruptions due to congestion at ports, freight inefficiencies, displacements in the container market, and higher freight costs, which have been impacting the whole industry. This is likely to have caused short supplies as well as higher freight expenses in the to-be-reported quarter.Zacks ModelOur proven model does not conclusively predict an earnings beat for NIKE 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.NIKE has a Zacks Rank #2 but an Earnings ESP of -2.24%.Stocks Poised to Beat Earnings EstimatesHere are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:Crocs, Inc. CROX has an Earnings ESP of +1.20% and it currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Boyd Gaming Corporation BYD has an Earnings ESP of +5.42% and it presently flaunts a Zacks Rank #1.Rent-A-Center, Inc. RCII has an Earnings ESP of +1.12% and it currently sports a Zacks Rank #1. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report RentACenter, Inc. (RCII): Free Stock Analysis Report Boyd Gaming Corporation (BYD): 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: zacksSep 21st, 2021

Costco (COST) Q4 Earnings in Focus: Key Factors to Watch

Costco's (COST) fourth-quarter results are likely to reflect better price management, decent membership trends and increasing penetration of e-commerce business. Costco Wholesale Corporation COST is likely to register an increase in the bottom line when it reports fourth-quarter fiscal 2021 numbers on Sep 23, after the closing bell. We note that the Zacks Consensus Estimate for fourth-quarter earnings per share has increased by a couple of cents over the past seven days to $3.55. The figure suggests growth of roughly 13.4% from the year-ago period.This Issaquah, WA-based company has a trailing four-quarter earnings surprise of 7.7%, on average. In the last reported quarter, the company’s bottom line surpassed the Zacks Consensus Estimate by a margin of 20.1%.Meanwhile, the Zacks Consensus Estimate for revenues is pegged at $62,812 million, indicating an improvement of 17.7% from the prior-year reported figure.Key Factors to NoteCostco’s growth strategies, better price management, decent membership trends and increasing penetration of e-commerce business have been contributing to its upbeat performance. In fact, the company’s strategy to sell products at discounted prices has helped draw customers, who have been seeking both value and convenience amid the ongoing crisis. Cumulatively, these factors have been aiding this operator of membership warehouses in registering impressive sales run.For the 16-week fourth quarter ended Aug 29, 2021, Costco registered net sales of $61.4 billion. This reflects an increase of 17.4% from $52.3 billion reported in the year-ago period. Comparable sales during the said period climbed 15.5%, reflecting increases of 14.9%, 19.5% and 15% in the United States, Canada and Other International locations, respectively.The company has been rapidly adopting the omni-channel mantra to provide a seamless shopping experience, whether online or in stores. We note that e-commerce comparable sales increased 11.2% during the aforementioned period.While aforementioned factors raise optimism about the outcome, margins still remain an area to watch. Analysts pointed out that any deleverage in SG&A rate, higher labor and occupancy costs, and increased marketing and other store-related expenses might have weighed on margins. Further, the impact of incremental wages and sanitation costs due to the coronavirus outbreak cannot be ignored.Costco Wholesale Corporation Price, Consensus and EPS Surprise Costco Wholesale Corporation price-consensus-eps-surprise-chart | Costco Wholesale Corporation QuoteWhat the Zacks Model UnveilsOur proven model predicts an earnings beat for Costco this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.Costco has a Zacks Rank #2 and an Earnings ESP of +0.11%.3 More Stocks With Favorable CombinationHere are some other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:Crocs CROX has an Earnings ESP of +1.20% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.General Mills GIS has an Earnings ESP of +0.36% and a Zacks Rank #3.Darden Restaurants DRI has an Earnings ESP of +1.69% and a Zacks Rank #3. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Mills, Inc. (GIS): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Costco Wholesale Corporation (COST): 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: zacksSep 21st, 2021

EV Roundup: TSLA Under NTSB Scrutiny, WKHS Drops Suit Against USPS & More

While Tesla's (TSLA) Model 3 crash in Florida triggers 2nd NTSB scrutiny for the firm this year, Workhorse (WKHS) voluntarily withdraws its lawsuit against USPS over mail truck contract. The electric vehicle (EV) market has been growing prolifically, with both legacy automakers and pure-play EV makers stepping up efforts to launch new models. While electric cars are taking off in a big way, the pickups have been rather slow in shifting gears to electric. But that’s about to change soon. Last week, the first edition version of Rivian Automotive’s all-electric R1T pickup truck rolled off the assembly line at the company’s Illinois factory. With that, this California EV startup becomes the first company to bring an e-truck into the U.S. market, beating auto giants like Tesla TSLA, Ford F and General Motors GM. Deliveries of the “Launch Edition” R1T truck will commence this month. Keeping up with the heightened competition, Ford also commenced pre-production of F-150 Lightning. The company will invest another $250 million to ramp up the production capacity of its upcoming e-pickup to 80,000 annually.Meanwhile, Canada-based EV maker GreenPower Motor GP announced the delivery of its first fully-electric BEAST School Bus to Santa Maria Joint Union High School District. Another Canada-based EV player ElectraMeccanica SOLO also revealed plans to launch deliveries of its flagship SOLO EV for a select group of early reservation holders and fleets effective Oct 4, 2021. Deliveries to other customers and reservation holders will step up gradually once the output ramps up. Meanwhile, China-based EV startup XPeng XPEV officially launched its P5 family sedan at a price range of RMB157,900-RMB223,900. With customer deliveries in China scheduled to commence by October-end, this would be the world’s first production vehicle with built-in LiDAR technology.Recap of the Week’s Most Important StoriesNikola Corporation NKLA and CNH Industrial’s Iveco truck unit inaugurated the joint-venture manufacturing facility in Germany, dedicated to the development of Nikola Tre electric heavy-duty trucks. The production line, currently anticipated to be capable of manufacturing 1,000 units per shift a year, will likely be substantially ramped up in the upcoming years. The first Nikola Tre models produced at the facility will be deployed for select customers in the United States in 2022. The companies also announced their collaboration for testing and subsequent implementation of heavy-duty EVs and charging infrastructure at the Port of Hamburg during 2022. Tesla’s Model 3 crash in Florida last week, which killed two people, will be investigated by the U.S. National Transportation Safety Board (“NTSB”). It is still debatable whether the vehicle involved in the crash was equipped with Autopilot or not. The NTSB will commence its investigation today and complete the work within a week so as to issue a preliminary report in about 30 days. This will be the second probe by the agency in a fatal accident involving Tesla’s models in less than six months’ time. The NTSB is also investigating a lethal crash in Texas involving a Model S sedan that crashed in a tree and burst into flames, killing both passengers in April. Meanwhile, Wedbush Securities, a Los Angeles-based investment firm,anticipates Tesla — which currently carries a Zacks Rank #3 (Hold) — to deliver 900,000 cars in 2021, followed by 1.3 million deliveries in 2022. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Workhorse Group Inc. WKHS voluntarily withdrew its lawsuit protesting the United States Postal Service’s (USPS) decision to let Oshkosh’s Defense arm build the next-generation mail truck. The dismissal of the lawsuit comes from Workhorse’s newly-appointed CEO, Rick Dauch, who took over just six weeks ago, following several quarters of unattained production targets. Reportedly, Dauch sees multiple business opportunities for Workhorse’s last-mile delivery trucks and drone system, and wants to kindle the company’s focus on taking advantage of those. Dauch has further stated his intention of cooperating with the government on future electric vehicles (EV), rather than challenge it through litigation.General Motors is working with South Korea's LG Energy Solution, its long-time EV partner, in tracking and solving problems linked to the battery fires in Chevrolet Bolts that have paralyzed the vehicle’s entire production line. General Motors has discovered two manufacturing defects in the battery cells supplied by LG from two of its plants (one in South Korea and one in Michigan) — a torn anode tab and folded separator — which, in rare circumstances, might lead to a battery fire. This has triggered three recalls (affecting roughly 142,000 cars) and cost $1.8 billion to the automaker since last November. To resolve the issue, the entire battery pack for the older models will be replaced, while the newer models will have only the defective modules within the pack replaced. The U.S. auto giant has extended the suspension of Bolt EV and EUV production till mid-October.Price PerformanceThe following table shows the price movement of some of the major EV players over the past week and six-month period.Image Source: Zacks Investment ResearchIn the past six months, all stocks have decreased, apart from Tesla, XPeng, and Li Auto. Canoo bore the maximum brunt, with shares declining 55%. The past week also displayed a mixed price trend, with Lordstown Motors registering the maximum gain and Li Auto being the worst performer.What’s Next in the Space?Stay tuned for announcements of upcoming EV models and any important updates from the red-hot industry. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report GreenPower Motor Company Inc. (GP): Free Stock Analysis Report Workhorse Group, Inc. (WKHS): Free Stock Analysis Report ElectraMeccanica Vehicles Corp. (SOLO): Free Stock Analysis Report Nikola Corporation (NKLA): Free Stock Analysis Report XPeng Inc. Sponsored ADR (XPEV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Dow Surges More Than 800 Points on Encouraging Vaccine Data

Dow Surges More Than 800 Points on Encouraging Vaccine Data SPECIAL ALERT: The latest episode of the Zacks Ultimate Strategy Session will be available for viewing no later than this Wednesday, November 11. Kevin Matras, Dr. John Blank, David Bartosiak and Sheraz Mian will cover the investment landscape from several angles in this informative event. Don't miss your chance to hear: ▪ Sheraz and David Agree to Disagree on the sectors best positioned to perform in 2021 and beyond ▪ Kevin answers your questions in Zacks Mailbag ▪ Sheraz and John choose one portfolio to give feedback for improvement ▪ And much more So be sure to mark your calendar then log on to Zacks.com and bookmark this page. The market showed where its heart is on Monday... and it’s not in Washington. News of a potential breakthrough on a coronavirus vaccine sent the Dow and S&P into record territory, before slumping back a bit as the “stay at home” stocks and the “recovery” names went their separate ways. Nevertheless, the Dow still rose 2.95% (or approximately 834 points) to 29,157.97. It had been up twice as much earlier in the day. Meanwhile, the S&P advanced 1.17% to 3550.50, but the NASDAQ slipped 1.53% (or about 181 points) to 11,713.78. The Dow and S&P are adding onto fantastic starts for November, which included gains of 6.9% and 7.3%, respectively, last week. The NASDAQ gave back a little of its 9% surge over the same time period. It appears that the vaccine being developed by Pfizer (PFE, +7.7%) and its partner BioNTech is 90% effective in prevented covid. 90%!!! If the vaccine had been 50% or 60% effective, it would be considered a major development in fighting the pandemic. But a 90% success rate suggests that this whole nightmare could be over in the near future. It’s no wonder why cruise lines such as Carnival (CCL) and Royal Caribbean (RCL), which have become representative of companies most impacted by the shutdowns, surged approximately 39% and 29%, respectively, in the session. At the same time, companies that prospered during the pandemic got beaten up today, including Zoom Video Communications (ZM, -17.4%) and Netflix (NFLX, -8.6%). Such pullbacks explain why the NASDAQ couldn’t stay on the positive side and ended sharply lower. But let’s not get ahead of ourselves. Even if everything with this vaccine goes perfectly, we’re still months away from it being widely available to the public. And when was the last time everything went perfectly? Nevertheless, it’s the best news we’ve received in a long time. And Pfizer should have the ability to distribute it on a wide scale. So let’s take a deep breath and keep our fingers crossed... Today's Portfolio Highlights: Surprise Trader: This portfolio enjoyed three double-digit gains on Monday as the market soared on positive vaccine news. However, Sleep Number (SNBR) was not among them. Dave thought it was a good time to sell the rest of this sleep technology company and secure a nice 14% return in just a little over a month. Most of the position was sold after its quarterly report back on October 20 for a more than 17% gain. The new buy is battery maker Energizer Holdings (ENR), which has a positive Earnings ESP of 1.67% for the quarter coming after the bell on Thursday, November 12. There have been some big market reactions to this company’s earnings reports in the past. The editor added ENR on Monday with a 12.5% allocation. Read the full write-up for more on today’s action. TAZR Trader: The positive vaccine news from Pfizer sent the market sharply higher on Monday, but ironically the companies that specialize in covid testing did not come along for the ride. In fact, they plunged as if the vaccine was hitting the street today. For example, Quidel (QDEL) was off more than 26%. Needless to say, this is quite a dramatic overreaction and, therefore, a fantastic buying opportunity. We’re still going to need testing capabilities for a long time. Kevin added more to the QDEL position on Monday. You probably remember that he sold half of QDEL just last week for a nice 63.5% profit in a little over two months. Even after today’s rather ridiculous plunge, the stock is still one of the best performers in the service. Large-Cap Trader: This portfolio had the top three winners of the day among all ZU names... and all of them were double-digit gainers amid a strong day for the market. These big advances came from US Foods Holding (USFD, +29%), Howmet Aerospace (HWM, +19%) and Halliburton (HAL, +17.1%). HWM is also the best performer in the service with a rise of more than 74% since being added six months ago. Black Box Trader: Half of the portfolio was refreshed in this week’s adjustment, and two of the changes brought double-digit returns. The stocks that were sold today included: • Tapestry (TPR, +53.8%) • Mattel (MAT, +11.8%) • FedEx (FDX, +9.7%) • Big Lots (BIG) • Bunge (BG) The new buys that filled these spots were: • Builders FirstSource (BLDR) • Flex Ltd. (FLEX) • KBR, Inc. (KBR) • Performance Food Group (PFGC) • Realogy Holdings (RLGY) Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing. Have a Great Evening, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

New Records for NASDAQ, S&P as Tech Stocks Stay Strong

New Records for NASDAQ, S&P as Tech Stocks Stay Strong Market action was much more relaxed on Thursday compared to the session before, but we still saw new closing highs for two of the major indices as tech continues to flex its muscles this earnings season. The NASDAQ rose another 0.55% (or about 73 points) to a record 13,530.92. The index soared more than 1.5% in each of the previous two sessions, so its up 4% for the week heading into Friday. And this is a short week! Netflix (NFLX) slipped 1.1% today, but that’s all right since it soared nearly 17% on Wednesday after surpassing 200 million subscribers by adding 8.5 million more in its fourth quarter. All the other FAANGs were higher, especially Apple (AAPL, +3.67%), Facebook (FB, +2.02%) and Amazon (AMZN, +1.34%). The S&P also reached a new record, but only barely by inching higher 0.03% to 3853.07. However, the Dow didn’t come along for the ride and slipped 0.04% (or about 12 points) to 31,176.01. These indices are up about 2.3% and 1.2%, respectively, for the week heading into Friday. Stocks are coming off their first losing week of 2021. The latest jobless claims report is a glass half full/empty situation. The 900,000 claims were actually better than expectations for 925,000 and the previous week’s result. On the other hand… it’s still 900,000! Late last year it was in the low 700Ks and seemed to be improving, but coronavirus cases got a second wind (and another variant) that led to increased restrictions around the country.   But investors are hopeful that things are about to improve. The vaccines are on their way and the market expects President Biden and his team to “go big” on stimulus moving forward. Meanwhile, earnings season has gotten off to a good start, though its still really early. Make sure to check out Sheraz Mian’s Earnings Trends article titled: “Early Q4 Results Show an Improving Earnings Picture”. Today's Portfolio Highlights: Income Investor: It’s time for some “new blood” in the portfolio, but first Maddy needs make room. On Thursday, she sold Community Healthcare Trust (CHCT) and Life Storage (LSI) for gains of 67.7% and 24.7%, respectively. Both of these positions have been lagging the S&P and are having trouble breaking above their 50-day MAs. The new buy is W.P. Carey (WPC), one of the biggest net-lease REITs in the market today with more than 1200 properties spread out over a diverse customer base that includes Marriott, Advance Auto Parts, U-Haul and many others. However, no single tenant accounts for more than 3.3% of revenue. The editor thinks WPC is on its way to becoming a “dividend aristocrat”, as it has paid a quarterly dividend every year since its IPO in 1998 with no signs of stopping. It currently yields 6.2%. Maddy also likes its “rock-solid” balance sheet, investment-grade credit rating and below-average debt load. Read a lot more about today’s moves in the complete commentary. Surprise Trader: Over the past four quarters, Nextgen Healthcare (NXGN) has beaten the Zacks Consensus Estimate each time and amassed an average surprise of more than 50%. That includes beats of 50% and 133% in the past two quarters. This Zacks Rank #2 (Buy) developer and marketer of healthcare information systems goes to the plate again after the bell on Wednesday, January 27. Dave likes the earnings momentum with NXGN, so he added the stock on Thursday with a 12.5% allocation. The editor also sold the rest of steel company Ternium (TX) for a nice return of 56.3% in less than three months. This marks the second double-digit return, as Dave sold the first half on December 1 for about 47%. Now the portfolio has more space for new buys. Read the full write-up for more on today’s action. TAZR Trader: It was only yesterday that Kevin added Talend (TLND), a provider of big data cloud integration solutions that's more focused on Europe than the U.S. Well, the stock already made the top performers list in its first full session as a portfolio position. TLND gained 7.05%. This service also had the biggest winner of the day among all ZU portfolios, as BigCommerce Holdings (BIGC) jumped 13.7%. In other words, Kevin had two of the top five movers on Thursday.  ETF Investor: "The Nasdaq surged to another record high today while the S&P 500 and the Dow were almost unchanged, as investors weighed better than expected earnings amid further signs of weakness in the labor markets. Stocks had a record rally yesterday, the first day of the Biden presidency, on hopes that an improved vaccine rollout would lead to faster reopening of the economy. "FAAMNG and other tech stocks that were big beneficiaries of the stay-at-home economy are back in favor. Netflix surged almost 17% yesterday thanks to strong earnings. Apple, which reports next week, gained 3.3% today after a similar gain yesterday, on bullish analyst expectations for earnings." -- Neena Mishra Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Tech Rally Lifts NASDAQ by 1%, Sends S&P to Another Record

Tech Rally Lifts NASDAQ by 1%, Sends S&P to Another Record Chalk up another new closing high for the S&P on Thursday, but the big news this session was the tech rally that lifted the NASDAQ by more than 1% despite continued low trading activity. Meanwhile, the major indices are heading into Friday with solid gains for the week. The tech-heavy index jumped 1.03% (or about 140 points) today to 13,829.31, which ends two straight days of slight losses. It also puts the NASDAQ within 2% of its all-time closing high just under 14,100 from almost two months ago. The FAANGs were nearly all higher, especially Apple (AAPL, +1.92%) and Netflix (NFLX, +1.39%). Tesla (TSLA) and Microsoft (MSFT) were also each over 1%. The S&P’s trek through record territory toward 4100 continued on Thursday, as it rose 0.42% to 4097.17. That marks two consecutive days of record highs, as well as four in the first five sessions of April 2021. Meanwhile, the Dow advanced 0.17% (or about 57 points) to 33,503.57. The market stayed positive despite a disappointing jobless claims number, which soared to 744,000 last week. The print was expected to stay below 700K. The number was also more than the previous week’s upwardly revised mark of 728K. It’s hard to get too disheartened by this news, though, in the wake of last Friday’s Government Employment Situation report. Not only did the result soar past expectations by more than 200K, but many investors expect this to be the beginning of a labor rebound as the vaccine rollout continues and the economy reopens. For right now though, the major indices go into Friday’s session with solid gains for the week. The NASDAQ is up more than 2.5% through the first four days, while the S&P is knocking on the door of 2%. The Dow goes into the final session higher by about 1%. And then once this week is over... it’s all about earnings season! Today's Portfolio Highlights: Blockchain Innovators: As subscribers of this portfolio know, Dave isn’t afraid to take a chance and add a riskier name that’s promoting blockchain technology. But today’s addition of The Hackett Group (HCKT) isn’t like that. This Zacks Rank #2 (Buy) advisory firm is very established with a track record on Wall Street and a steady business outside of blockchain exposure. The company provides all kinds of advice on things like shared services, offshoring and outsourcing... but it also offers businesses with suggestions on how to integrate blockchain technologies. The editor appreciates that EPS growth for the current year is expected at more than 50% for HCKT, while next year is in the double-digits as well. Read the full write-up for more on this new addition. In other news, this portfolio had three of the top five winners among all ZU names on Thursday, including the only double-digit return. Those strong performances came from Rekor Systems (REKR, +10.4%), Danaos (DAC, +5.7%) and Exp World Holdings (EXPI, +4.9%). TAZR Trader: After a nice consolidation above $1150, Kevin thinks that Shopify (SHOP) is poised to challenge bigger resistance in the $1250 to $1300 zone. And it could happen in just a matter of days! Therefore, the editor added to this cloud-based, multi-channel commerce platform on Thursday. SHOP was originally picked up in early March and is currently up more than 8% in the portfolio. Read the full write-up for more. Commodity Innovators: The portfolio had a busy session on Thursday with two sells (both for double-digit returns) and three buys. First of all, Jeremy sold Steel Dynamics (STLD) and Sunoco (SUN) for profits of 35% and 13.2%, respectively. Both names recently hit their targets after being in the portfolio for a few months. The new buys include Nutrien (NTR) and Devon Energy (DVN), which are both Zacks Rank #1s (Strong Buy). NTR is a fertilizer name that gives the service some agriculture exposure, while DVN is an energy company that's holding its 50-day MA very nicely. The editor also got back into Energy Select Sector SPDR ETF (XLE) since its dividend yield is well over 4% again. DVN is a long term holding, while the other two are mid-terms. Read the full write-up for a lot more on all of today’s action.   Surprise Trader: One of the first companies to report every earnings season is good old Alcoa (AA), the global leader in bauxite, alumina and aluminum products. It reports after the bell next Thursday, April 15, when it will be going for a fifth straight beat. A positive Earnings ESP of 8.9% suggests that AA is poised to keep the streak alive next week. Last quarter’s surprise was 73%. Furthermore, the company is a Zacks Rank #1 (Strong Buy) and part of a space (Metal Products – Distribution) that’s in the top 32% of the Zacks Industry Rank. Dave added AA on Thursday with a 12.5% allocation, while selling the rest of Primoris (PRIM) for a 4.6% return. See the complete commentary for more on today’s moves. Have a Good Evening, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Record Closes for NASDAQ, S&P to Begin Big Tech Week

Record Closes for NASDAQ, S&P to Begin Big Tech Week The NASDAQ registered its first closing high in more than two months on Monday, as the market gets ready for an important week that will see four of the five FAANGs and other major tech names report their quarterly results. The tech-heavy index blew the doors off its counterparts with a rise of 0.87% (or nearly 122 points) to 14,138.78. This marks its first closing high since February 12 and its first close above 14,100. All of the FAANGs were higher. The S&P also reached a new record, though this index has accomplished that feat several times over the past two months. It only needed to advance 0.18% to make history at 4187.62. The Dow was left out of the fun by sliding 0.18% (or nearly 62 points) to 33,981.57. Stocks are returning from a slightly negative week, which broke winning streaks for all the major indices. The main problem came last Thursday on news reports that President Biden was thinking about doubling the capital gains tax on people making $1 million or more. However, a rally on Friday significantly narrowed the losses. The crazy week of earnings got started after the bell today when EV pioneer Tesla (TSLA) reported first quarter results that easily beat expectations. As you might expect, the stock is down approximately 1.7% afterhours, as of this writing. Earnings results have been great so far this season, but the response is often negative as the market is looking for perfection. So it’s going to be really interesting to see how investors respond to what one of the editors has called “the most anticipated week of the Q1 earnings season”. The big FAANG report tomorrow comes from Alphabet (GOOG), but we’ll also be watching Microsoft (MSFT). And then on Wednesday we’ve got Apple (AAPL) and Facebook (FB), while Thursday brings Amazon (AMZN). This week also includes a FOMC meeting and hundreds of other earnings reports that might be overshadowed by the big tech deluge. Some of tomorrow’s other reports include Visa (V), Eli Lilly (LLY), Texas Instruments (TXN), UPS (UPS) and Starbucks (SBUX). Today's Portfolio Highlights: Surprise Trader: For more than three years now, Perficient (PRFT) has been beating the Zacks Consensus Estimate. That’s 14 straight positive surprises stretching back to late 2017! Dave thinks that streak will continue when PRFT reports again before the bell on Thursday. This Zacks Rank #2 (Buy) digital transformation consulting firm has a positive Earnings ESP for the upcoming report. The editor added PRFT on Monday with a 12.5% allocation, while also selling SnapOn (SNA) for a breakeven result in one week. Read the full write-up for more on today’s action. Counterstrike: By now you’ve noticed that a strong quarterly report this earnings season does NOT mean a stock is going to move higher. Therefore, Jeremy sold a couple positions on Monday to secure profits before their unpredictable reports, while also raising cash for potential counterstrike opportunities as stocks needlessly sell off. Enphase Energy (ENPH) is a volatile solar stock that reports tomorrow night, so the editor sold it today for a nice 25% return in less than two months. And it doesn’t look like Qorvo (QRVO) will break $200 before earnings next week, so the RF solutions company was sold for more than 19% in less than three months. Meanwhile, online pet retailer Chewy (CHWY) looks secure above its 200-day, so Jeremy added 4% more to the position. It was originally purchased on April 7. Read the full write-up for more on today’s moves. Technology Innovators: It’s not all about growth for this portfolio. Brian also wants to add stocks with a high degree of stability. Upland Software (UPLD) offers both of these attributes. This Zacks Rank #2 (Buy) enterprise software name has beaten the Zacks Consensus Estimate in the past four quarters with an average surprise of 30.4%. The editor likes its valuation when compared to industry averages, along with its topline growth of 18% in the most recent quarter and 31% last year. The addition of UPLD fills one of two open spots in the service, so get ready for another buy in the days ahead. Learn more about this addition in the full write-up. In other news, this portfolio had a top performer today as Clearfield (CLFD) rose 9%. Commodity Innovators: The portfolio needed more exposure to specialty and precious metals, so Jeremy added Sibayne Gold (SBSW) on Monday. Despite its name, this Zacks Rank #1 (Strong Buy) is much more than a gold company. It also has operations in platinum, rhodium and palladium. The editor really appreciates its entry into the lithium market in Finland, which gives them a piece of the burgeoning battery metal space. SBSW offers a 7% dividend payout and has slowly drifted higher by about 15% over the past year. Jeremy thinks it will continue and sees this stock as a long-term holding. Read the complete commentary for more. Healthcare Innovators: One of the main reasons why Kevin added Axsome Therapeutics (AXSM) last week was the likely approval of its AXS-05 treatment for depression. Well, the company took a big step toward that goal when the FDA accepted its New Drug Application for AXS-05, which could be a potential blockbuster moving forward. As a result, AXSM was the best performer of the day among all ZU names by jumping 11%. By the way, this portfolio had three of the top performers of the session as Intellia Therapeutics (NTLA, +8.3%) and uniQure (QURE, +8.3%) also made the list. Black Box Trader: The portfolio replaced four names in this week's adjustment. The positions that were sold today included: • Jefferies Financial Group (JEF, +7.7%) • Olin Corp. (OLN, +5%) • Marathon Petroleum (MPC) • Dow, Inc. (DOW) The new additions that filled these spots were: • Deutsche Bank (DB) • Domtar Corp. (UFS) • Tenet Healthcare (THC) • U.S. Steel (X) Read the Black Box Trader’s Guide to learn more about this computer-driven service. Headline Trader: "Today kicks off the biggest week of this highly anticipated Q1 earnings season, and I am ready to pull the buy trigger on some well-positioned stocks that experience profit pulls on solid results. Any report less than exceptional could catalyze a share price pull back for stocks across the board." -- Dan Laboe Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Third Day of Gains Despite Rising Jobless Claims

Third Day of Gains Despite Rising Jobless Claims Even a disappointing jobless claims print couldn’t keep stocks from a third straight day of gains on Thursday, leaving the major indices in a great position for weekly advances despite Monday’s sharp pullback. In fact, the NASDAQ goes into Friday’s session up by nearly 1.8% over the four days! The index advanced 0.36% (or about 52 points) to 14,684.60, as tech outperformed once again. Several heavy hitters moved forward in the session, especially Microsoft (MSFT, +1.7%), Amazon (AMZN, +1.5%), Facebook (FB, +1.4%) and Apple (AAPL, +1%). Interestingly, the only FAANG in the red today was Netflix (NFLX), which reported mixed results this past Tuesday. Meanwhile, the S&P rose 0.20% to 4367.48, while the Dow advanced 0.07% (or about 25 points) to 34,823.35. These indices are up 0.9% and 0.4%, respectively, over the past four days, which is really impressive since Monday was one of the market’s worst days of the year. This week’s jobless claims number was a real surprise… and not in a good way. The result came to 419,000, which breaks three straight weeks under 400K. It was also more than expected and higher than the previous week. And yet stocks still grinded higher, perhaps because we’ve had a solid start to earnings season thus far. Intel (INTC), Abbot Labs (ABT), Danaher (DHR), AT&T (T) and Union Pacific (UNP) all easily surpassed Zacks Consensus Estimates for earnings released today. One of the most noteworthy reports on Thursday was Snap (SNAP), which beat earnings estimates by an astounding 600% while revenues of $982.11 million eclipsed the Zacks Consensus Estimate by over 17%. Shares increased more than 16% afterhours, as of this writing. Twitter (TWTR) also had a nice post-earnings advance of nearly 5% afterhours following better-than-expected results, along with a raised revenue guidance for Q3. Tomorrow’s earnings schedule is a bit lighter than the rest of this week, though we’ll still see a number of reports including Honeywell (HON) and American Express (AXP). The big stuff comes next week though, as the rest of the FAANGs go to the plate along with Microsoft, Tesla (TSLA) and hundreds of others. Today's Portfolio Highlights: Surprise Trader: Shares of Schneider National (SNDR) have pulled back a bit, but earnings estimates continue to move higher. In fact, this leading transportation and logistics services company is now a Zacks Rank #2 (Buy). Dave thinks the stock is due to rise, so he added SNDR on Thursday with a 12.5% allocation before its next earnings report. The company has beaten the Zacks Consensus Estimate for five straight quarters and has a positive Earnings ESP for the next report on Thursday, July 29 before the bell. It beat by 6.9% last time. Along with the addition, the editor decided to sell Alcoa (AA) for a 5.3% return in two weeks. Read the full write-up for more. Income Investor: "After trading in the red for much of the day due to weaker-than-expected jobs data, the major indexes bounced back thanks to a nice showing from tech stocks; some of the biggest players, like Amazon and Facebook, are reporting earnings next week. "Jobless claims unexpectedly climbed to 419,000 last week, higher than the 350,000 estimate economists were anticipating. But, continuing claims declined by 29,000 to 3.24 million, which is a new pandemic low. "Just as we should expect choppier trading to continue throughout the summer, weekly jobs data likely won’t be a smooth ride either. "This doesn’t mean the recovery has stalled or the labor market isn’t poised for gains down the road. Rather, the economy decided to take the scenic route as it bounces back from the pandemic." -- Maddy Johnson Have a Good Evening, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

S&P Off Record High, Dow Down 300 Points as Jobs Data Begins

S&P Off Record High, Dow Down 300 Points as Jobs Data Begins SPECIAL ALERT: Remember, we need your input to make next week’s new Zacks Ultimate Strategy Session episode the best it can be. There are two ways you can participate: 1) Zacks Mailbag: In this regular segment, Kevin Matras answers your questions ranging from current market conditions, general investing wisdom, usage of the Zacks Rank or any resources of Zacks.com and more. Pretty much anything goes. 2) Portfolio Makeover: Sheraz Mian and David Bartosiak review a customer portfolio to give feedback for improvement. No need to send us personal information such as dollar value of holdings. Simply email us with all of the tickers you own. Just make sure to email your submissions for either one, or both, by tomorrow morning, August 5. Email now to mailbag@zacks.com. Remember when the S&P put together SEVEN straight sessions of new highs back in late June/early July? Well, that’s not going to happen here in early August, as the index was unable to follow through on yesterday’s gain and finished Wednesday’s session in the red.   It was off by 0.46% to 4402.66 after reaching a new high on Tuesday by less than one point, though it is still up for the week as we pass the halfway point. However, the biggest loser was the Dow, which dropped 0.92% (or about 323 points) to 34,79.67. The index gave back all of yesterday’s advance and then some. The NASDAQ managed to stay on positive ground by increasing 0.13% (or more than 19 points) to 14,780.53, which adds onto Monday’s 0.55% rise. The ADP employment report was released today… and there was really nothing to write home about. Private payrolls added 330,000 in July, which was well off of expectations for closer to 700K. This is the first in a trio of reports on labor coming in the back half of this week. Tomorrow brings the jobless claims number and Friday is, of course, the Government Employment Situation. But the ISM Services report was quite different. It came to a record 64.1 in July, as people feel more comfortable heading out to places like restaurants, sporting events, concerts, casinos and other gatherings. The print improved upon 60.1 in June and jumped above expectations of 60.5. As with ISM Manufacturing, anything over 50 is expansion. Meanwhile, earnings season continues to show “all-around strength, with aggregate total quarterly earnings on track to reach a new all-time record and impressive momentum on the revenue side,” according to our Director of Research Sheraz Mian. For the S&P companies that have already reported, more than 87% beat earnings estimates while 86.5% topped revenue expectations. Make sure to read Sheraz’s new Earnings Trends piece titled “What’s Happening on the Earnings Front”. Today's Portfolio Highlights: Home Run Investor: Prices are high for new and used cars these days, so people may hang onto their older vehicles for a while longer. That should benefit an OE manufacturer of automotive parts like Driven Brands (DRVN), which provides things like paint, collision, glass, vehicle repair, oil change, maintenance and even car washes. DRVN has crushed earnings expectations in each of the last two quarters. Furthermore, earnings are expected to grow 90% this year with a sales growth estimate of $1.4 billion (+54% from the previous year). Expectations are positive for next year as well. Analysts have raised estimates in just the last week, which suggests this Zacks Rank #3 (Hold) could improve to a #2 (Buy) or better moving forward. The addition of DRVN brings some diversification to the portfolio and also gets it back up to 14 names, which is just one shy of being fully invested again. Read the full write-up for more on today’s addition. In other news, this portfolio had a top performer today as Camping World Holdings (CWH) rose more than 7%.   Surprise Trader: You can bet that a lot of people went to a steakhouse when restaurants finally re-opened. And some of those locations were certainly operated by Ruth’s Hospitality Group (RUTH). The company is the largest fine dining steakhouse company in the U.S. with over 150 Ruth’s Chris Steak House locations worldwide. This Zacks Rank #2 (Buy) has beaten earnings estimates three times and matched once in the past four quarters. The most recent surprise was a healthy 160%. And now the company has a positive Earnings ESP of 33% for the quarter coming before the bell on Friday, August 6. In addition to all this, RUTH also is displaying Dave’s favorite type of divergence, as earnings are moving up while the stocks comes down. The editor added RUTH on Wednesday with a 12.5% allocation, while also selling Kennametal (KMT) for a slight loss in less than a week. Read the complete commentary for more on today’s action. Blockchain Innovators: A solid second-quarter report made eXp World Holdings (EXPI) the best performing stock among all ZU names on Wednesday. This real estate business announced a positive surprise of 380% on revenue that improved 183% year over year to just under $1 billion. The topline also bettered the Zacks Consensus Estimate by more than 50%. Shares of EXPI surged nearly 36% today. When Dave bought this name back in March 2020, he was “willing to take a chance” with an innovative company that had already transitioned to the cloud and was on the verge of profitability. Well, that chance seems to have paid off as EXPI is up 1,022% in the portfolio since being added! Healthcare Innovators: While Blockchain Innovators had the biggest single mover of the day, this portfolio actually had three of the top five performers on Wednesday. Those solid advances came from Editas Medicine (EDIT, +9.4%), Invitae Corp. (NVTA, +8.5%) and Pacific Biosciences of California (PACB, +6.4%). All the Best, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Russia Aware Of Kiev"s Military Preparations, Hopes It Won"t Turn To Hostilities

Russia Aware Of Kiev's Military Preparations, Hopes It Won't Turn To Hostilities Via Southfront.org, Russia knows about Kiev’s military preparations, hopes that reason will prevail and that it will not come to hostilities, Russian Deputy Foreign Minister Andrei Rudenko told reporters. The conference of the Valdai Club “Russia and Uzbekistan facing the challenges of development and security at a new historical stage of interaction” is being held in Tashkent on September 20th, organized in partnership with the Institute for Strategic and Interregional Studies under the President of Uzbekistan. “We know about these military preparations (of Kiev), we know about the assistance that Kiev receives from the United States and other countries,” Rudenko said. According to him, “it is difficult to predict something with the current leadership in Kiev, nothing can be ruled out.” “But all these things are taken into account in our military planning. We hope that after all, reason will prevail in Kiev and that the military scenario, including the Donbass scenario, will not reach,” the Deputy Foreign Minister stressed. Meanwhile, Kiev should not count on Washington’s help in the event of a war with Russia, former US Ambassador to Kiev John Herbst said. He noted that the White House can provide Ukraine with equipment, but not with troops. “If the situation changes radically, maybe, but today I don’t see it,” the ex-diplomat said. However, he admitted the likelihood of Russia’s disconnection from the SWIFT international payment system. Speaking about Ukraine’s membership in NATO, Herbst noted that he does not see it among the members of the alliance neither in five nor ten years. However, in his opinion, this is possible if “something radically changes.” Russia has repeatedly stressed that it has no aggressive intentions towards any countries. At the same time, Moscow is observing unprecedented NATO activity at its borders. The North Atlantic Alliance regularly conducts exercises and simulates battles with the Russian army. Press Secretary of the Russian President Dmitry Peskov noted that Moscow does not pose a threat to anyone, however, it will not disregard actions potentially dangerous to its interests. Separately, there are reports that the US may deliver an Iron Dome defense system to Ukraine. The Iron Dome missile defense system, which the United States can transfer to Ukraine, will increase the combat capability of the Ukrainian army, said Oleksiy Arestovich, advisor to the head of the Ukrainian presidential office, spokesman for the Kiev delegation to the contact group on Donbass. Earlier, Politico newspaper wrote that several US congressmen included in the defense bill for 2022 an amendment that provides for the sale or transfer of new air and missile defense systems to Ukraine, including the Iron Dome batteries, which are currently used by the US army. Arestovich expressed the opinion that obtaining such systems would be important for Ukraine. “The main thing here will be if it is reported that Ukraine receives weapons of the most modern models, an increase in the combat ability of the armed forces of Ukraine as a whole, and will be able to cover either two key cities, or two defense facilities, or two facilities, or maybe more, of critical infrastructure,” he said. According to Politico, the United States does not have many air and missile defense batteries that could be sent to other countries. An employee of the congress noted that the two batteries of the “Iron Dome” purchased from Israel are the main candidates for being transferred to Ukraine, the newspaper writes. Tyler Durden Tue, 09/21/2021 - 02:00.....»»

Category: blogSource: zerohedgeSep 21st, 2021

"Quite Alarming" - UK Energy Crisis Sparks Fresh Chaos For Food Suppliers

"Quite Alarming" - UK Energy Crisis Sparks Fresh Chaos For Food Suppliers Last week Fertilizer producer CF Industries Holdings Inc suspended operations at two UK plants because of soaring natural gas prices. As a result, these fertilizer plants that make carbon dioxide as a byproduct are in sudden shortages and are rippling through the UK food sector, according to Bloomberg.  The shortage of carbon dioxide has forced Online grocer Ocado Group Plc to halt all deliveries of frozen products to customers, and the meat industry warned slaughterhouse operations could "grind to a halt" in weeks.  The UK food industry, already stressed from supply chain woes and labor shortages due to Brexit and the pandemic, is under even more pressure with the lack of carbon dioxide. It's an important chemical used to stun chicken and pigs before slaughter, as well as packaging to extend shelf life and dry ice that keeps perishable items frozen during delivery. Without it, food supply chains break.  The British Meat Processors Association warned carbon dioxide supplies could be exhausted by the end of the month, forcing slaughterhouses to close and result in a mass culling of animals.  Last Friday, Ocado halted deliveries of frozen food to customers because of the dry ice shortage.  "It's quite alarming," said Nick Allen, head of the meat association. "We're talking between days and weeks from this really hitting hard, unless somewhere in the world -- ideally here in Europe -- there are supplies of this that can replace that amount of CO2 very quickly." The ripple effect continues as British Soft Drinks Association monitors the carbon dioxide situation as the industry could go flat.  Besides CF Industries, Norwegian fertilizer maker Yara said it would soon reduce ammonia output capacity by 40% because of record-high natural gas prices.  The broader impact could be soaring food and energy inflation across the UK, threatening the country's post-pandemic economic recovery and financially strain consumers.    Tyler Durden Tue, 09/21/2021 - 05:45.....»»

Category: blogSource: zerohedgeSep 21st, 2021

Tesla Accused Of Firing Employee To Cover Up Copper Theft

A lawsuit filed by a former Tesla Inc (NASDAQ: TSLA) employee claims he was fired because of his reports that copper was being stolen from the company's battery plant near Reno, Nevada. read more.....»»

Category: blogSource: benzingaMay 22nd, 2021

Ford to announce EV battery joint venture with SK Innovation, Reuters reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 19th, 2021

FirstEnergy"s Potomac Edison reports Maryland PSC approves two battery projects

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 11th, 2021

Amazon labor conditions tougher in Alabama following labor vote, NY Post reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 11th, 2021