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How Do You Build A Position With Pyramiding?

As a trader, it’s a general rule of thumb that we should always be looking to maximize potential returns (per unit of risk) with each transaction. We should always be looking to squeeze as much out of the market as we can. read more.....»»

Category: blogSource: benzingaOct 13th, 2021

Chicago brokerage expands into NYC with big-name hire

Bradford Allen, a full-service, national commercial real estate services firm headquartered in Chicago, has opened a New York office and industry veteran Glenn Isaacson as president of the branch. The announcement was made by the firm’s principals and founders Jeffrey Bernstein and Laurence Elbaum, two New Yorkers who started their... The post Chicago brokerage expands into NYC with big-name hire appeared first on Real Estate Weekly. Bradford Allen, a full-service, national commercial real estate services firm headquartered in Chicago, has opened a New York office and industry veteran Glenn Isaacson as president of the branch. The announcement was made by the firm’s principals and founders Jeffrey Bernstein and Laurence Elbaum, two New Yorkers who started their real estate careers as a team at Walter & Samuels in 1992 and then at the Edward S. Gordon Company and Insignia/ESG. They launched Bradford Allen in Chicago in 2003 and have grown to three offices in Chicago with 100 professionals providing strategy, marketing, and transaction execution for occupiers and owners of commercial real estate. “Our return to the New York City market gives us the opportunity to introduce the differentiated Bradford Allen platform to the world’s most dynamic, vital business hub,” said Bernstein. “In this era of consolidation and mega-firms, we fill a void for principal-driven service and attention, and a commitment to excellence in all we do.” Elbaum said the opportunity dovetails with Bradford Allen’s ability to secure Glenn Isaacson as principal and president of the New York operation. “We have confidence in Glenn to build and lead this office, to create a professional and collegial environment where experienced, talented and inspired real estate service experts can work together to craft and execute transactions that serve their clients’ business goals.” Isaacson brings 40 years of leadership and experience to his new role. He has held some of the most senior posts at New York’s top real estate services firms, culminating as vice chairman at Cushman & Wakefield. He has completed more than 20 million square feet of leasing transactions with clients including Boston Consulting Group, Northwell Health, Avenues Schools, China Merchants Bank and Seyfarth Shaw. In addition, he is recognized for his work on behalf of respected nonprofit organizations such as Carnegie Hall Corporation, UJA Federation of Jewish Philanthropies, American Kennel Club and the American Foundation for AIDS Research (on whose board he now sits). As president of Bradford Allen New York, he will be responsible for managing all brokerage services and company operations in addition to leading transactions with landlords and tenants, directing new business development, and assembling a group of top professionals to strengthen the firm’s position in the regional marketplace. He’s already tapped Tony Builder as an associate broker and Kim Woodruff-Walker as office manager and is looking for “several seasoned professionals” to build out a strong core team. “I’m excited by the opportunity to build Bradford Allen New York and lead the office forward through exceptional client servicing and top-talent recruiting,” said Isaacson. “Over the course of my career, I’ve learned first-hand what works and what doesn’t work in the brokerage industry. Bradford Allen’s platform and efficient process is compatible with my own approach to transacting business, with a value proposition that combines the expertise of a large brokerage alongside the nimble mobility of a privately held firm. It’s the ideal time for Bradford Allen to plant its flag in the dynamic New York City market and the commercial real estate environment in this region is ripe for our future growth.” The post Chicago brokerage expands into NYC with big-name hire appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyOct 15th, 2021

Here"s Why Advance Auto Parts (AAP) is a Strong Value Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankThe Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.That's where the Style Scores come in.To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Advance Auto Parts (AAP)Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles, light and heavy-duty trucks. It is a leading automotive parts provider in North America, serving the “do-it-yourself” or “DIY”, and “do-it-for-me” or “DIFM” (or Commercial) customers.AAP is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 18.95; value investors should take notice.For fiscal 2021, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.36 to $11.34 per share. AAP boasts an average earnings surprise of 6.9%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, AAP should be on investors' short list. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksOct 15th, 2021

Here"s Why Discover (DFS) is a Strong Momentum Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankThe Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.That's where the Style Scores come in.To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Discover (DFS)Founded in 1986 and based in Riverwoods, IL, Discover Financial Services is a direct banking and payment services company in the United States. The company offers credit cards, personal, student and home loans as well as deposit products. In March 2009, Discover Financial became a bank holding company under the Bank Holding Company Act of 1956 and a financial holding company under the Gramm-Leach-Bliley Act in connection with its participation in the U.S. Treasury’s Capital Purchase Program.DFS is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.Momentum investors should take note of this Finance stock. DFS has a Momentum Style Score of A, and shares are up 2% over the past four weeks.For fiscal 2021, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $16.97 per share. DFS boasts an average earnings surprise of 46.4%.With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, DFS should be on investors' short list. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Discover Financial Services (DFS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksOct 15th, 2021

Satellite photos show how Trump wrecked a sensitive sand dune system in Scotland to build a luxury golf course

Trump built a luxury golf resort in Aberdeenshire, Scotland, in 2012. The sand dune system on which the course is now almost completely destroyed. Before-and-after satellite images showing the destruction of sand dunes after Donald Trump's Aberdeenshire golf course was built on them. Satellite image © 2021 Maxar Technologies Before-and-after photos show the environmental damage caused by Donald Trump's Scottish golf course. Trump opened the course on a sand dune system in 2012 despite fierce local opposition. Newly obtained satellite photos show the stark change in the landscape since the course opened. In 2006, the New York real-estate magnate Donald Trump purchased a stretch of coastal land in Aberdeenshire, northeast Scotland, for the purpose of building "the world's best golf course."There was noisy local opposition to the plan, but Trump had a relationship Scotland's then-first minister, Alex Salmond. In 2008, the Scottish government stepped in to approve his plan, touting the economic benefits the resort would bring to the country.Despite warnings that the construction of an 18-hole course would destroy the sand dunes around it, Trump had pressed ahead, saying: "We will stabilize the dunes. They will be there forever. This will be environmentally better after it [the course] is built than it is before."But as conservationists predicted, the part of the highly sensitive ecosystem on which Trump International Golf Links was built was largely ruined. Officials announced in December 2020 that the coastal sand dunes Trump's the resort would lose their status as a protected environmental site because they had been partially destroyed.Insider has obtained before-and-after photos from the satellite technology firm Maxar, which show the dramatic destruction of the prized Foveran Links sand dunes between March 2010 and April 2021.March 2010Satellite images taken in March 2010 of Foveran Links show the dunes in their full unspoiled form: Overview of the area where Donald Trump's Aberdeenshire golf course would be built, taken in March 2010. Satellite image © 2021 Maxar Technologies. The site contained areas of mobile sand and dunes that were semi-fixed in position, as well as marshes, dune grassland, and low-lying areas called dune slacks, according to a government document designating Foveran Links as a site of special scientific interest.A closer image of the dunes shows some of these features in more detail: A closer view of the area containing the sand dunes at Foveran Links where Donald Trump's Aberdeenshire golf course would be built. Satellite image © 2021 Maxar Technologies. NatureScot, Scotland's conservation agency, said that Foveran Links was "a very high-quality example of a sand dune system characteristic of north east Scotland, and was of exceptional importance for the wide variety of coastal landforms and processes."April 2021Images taken of the course in April 2021 show how many of the sand dune features at the southern third of Foveran Links, where Trump's golf course was built, had been partially destroyed.Here is a general overview of the area: An overview of the area containing Donald Trump's Aberdeenshire golf course and the destroyed sand dune ecosystem, taken in April 2021. Satellite image © 2021 Maxar Technologies These side-by-side photos show a zoomed-in view of the 18-hole links course (right), along with what it looked like before the course was constructed (left): Before-and-after photos of the coastal stretch of land where Donald Trump built his Aberdeenshire golf course. Satellite image © 2021 Maxar Technologies. 'They've just killed it as a natural environment'Bob Ward, policy and communications director at LSE's Grantham Research Institute on Climate Change and the Environment, explained to Insider earlier this year how building on top of the dunes had resulted in their destruction."Sand dunes are a dynamic system, they're wind-driven, so they go backward and forwards," he said."Building a golf course on top means you can't have the dunes moving around, so they have to stabilize them. So they've essentially planted vegetation on top of them and put physical constraints on them so the dunes can't move and it's not a dynamic system anymore.""The argument the Trump International Golf Links used was that they'd protected them by stabilizing them. But essentially what they've done is they've just killed it as a natural environment."The Trump Organization did not respond to Insider's request for comment.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 15th, 2021

Children’s Furniture Market On The Rise Despite COVID-19

Most industries in the UK have been impacted in some way by the COVID-19 pandemic, and the furniture market is no different. However, thanks to increased parent spending on children’s bedrooms, nurseries, and playrooms, the global children’s furniture market is growing and is predicted to be worth USD $41.6 billion by 2027. Q3 2021 hedge […] Most industries in the UK have been impacted in some way by the COVID-19 pandemic, and the furniture market is no different. However, thanks to increased parent spending on children’s bedrooms, nurseries, and playrooms, the global children’s furniture market is growing and is predicted to be worth USD $41.6 billion by 2027. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more An improvement in the general standard of living and rising disposable income has led to growth in the furniture market. This increase in purchasing power has seen a significant increase in demand for children's furniture. “The beds industry had a noticeable surge in sales during covid, with many families concentrating on home improvements, this was hindered by international shipping and cost of bring in materials " – Ashley Hainsworth, Director of Bed Kingdom Parent Preference The desire to incorporate children's toys, books, and clothes in one place is driving up demand for multifunctional furniture, such as bunk beds and cabinets. Meanwhile, increasing real estate prices are expected to affect the sizes of homes, especially children-centred rooms, creating valuable growth opportunities for businesses offering easy to assemble furniture for children's rooms. Parents opting for furniture made from durable materials and offering both multifunctionality and a wide choice of colours is expected to create additional growth opportunities for key market players. As theme-based interior design continues to increase in popularity, parents want furniture with the appropriate shapes and colours to compliment their chosen theme. Product Insights Cribs, Cots, And Beds Cribs, cots, and children's beds have the largest market share of children's furniture sales at 40% and are the most popular furniture items purchased for children's rooms. Bunk Beds The increased use of bunk beds, especially metal bunk beds, in residential schools, dormitories, hostels and military bases, will likely create growth opportunities for manufacturers. Parents typically choose bunk beds as they have the same footprint as a single bed but allow two or more individuals to sleep within the same space. However, bunk beds typically have a limited lifespan, as the top bed can become difficult for children, adolescents, and young adults to access, potentially impacting the growth of the bunk bed market. Europe and North America are the bunk bed market leaders and are predicted to maintain this position due to the growing popularity of outdoor activities, such as summer camps. Storage, Chests, And Cabinets Chests, dressers, and cabinets are expected to experience the fastest CAGR at 5.4% from 2019 to 2025. While these items are relatively low-cost and easy to assemble, they also help teach organizational skills, which all combine to drive up product demand in the upcoming years. Material Insights Wood furniture has the largest market share at 60% when it comes to children's furniture. Wood furniture designed for children comes in both hardwood and softwood. Hardwood items are relatively more expensive, sourced from walnut, mahogany, rosewood, teak, beech, cherry, oak, maple, birch, and ash. Hardwood furniture items are far more durable and require relatively minimal maintenance. Softwood furniture comes from yew, redwood, juniper, cedar, larch, fir, spruce, and pine. These types of wood are lightweight, generally have a better finish, and can absorb adhesive. Regional Insights Europe, in recent years, has had the biggest market share for children's furniture at 40%. It's anticipated that the region will continue to hold this position as the strongest market player for children's furniture, particularly in countries such as Italy, France, the UK, and Germany who continue to maintain a strong market presence both online and offline. Meanwhile, it's predicted that Asia Pacific will experience the fastest CAGR from 2019 to 2025 at 5.4%. Australia, India, China, and Japan are the key consumers in the province. Increasing demand for American and English style children's furniture in Fast East regions such as the Philippines, Japan, South Korea, and Taiwan will drive regional growth. Also, the substantially high birth rate will also likely fuel the demand. A relatively stable if not growing employment market in Indonesia, Maldives, South Korea, Bangladesh, India, and China has also helped improve its consumers' economic status, boosting buying power and product demand. Children's Furniture Market There's a huge amount of competition in the global children's furniture market. From companies offering high-end bespoke pieces to more affordable pieces, consumers must assemble them themselves at home. Consumers have a vast amount of choice depending on their style, budget, and material preferences, whether they are looking for beds, dressers, cabinets, or other storage items. Some of the top key players in the international children's furniture market include: Summer Infant Inc Sorelle Furniture Milliard Bedding Legare KidKraft Ikea Graco Dream on Me INC Bombay Dyeing Ashley Home Stores, Ltd Designer Children's Furniture The children's furniture market has seen a growing shift in preference for designer furniture. Increased awareness of environmental issues and the impact of plastic on the natural world has led many manufacturers and brands to explore new opportunities in designer children's furniture. The children's designer furniture market has also seen a wave of furniture made from discarded plastic toys and recycled plastic. This has led to the plastic material portion of the children's furniture market, expecting to reach around 200 million units by 2027. In recent years, the designer children's furniture market has seen several startups looking to capitalize on this growing and profitable trend. However, convincing parent consumers of the attraction and virtues of children's furniture made from recycled materials is a challenge. However, as startups collaborate with international brands and focus on innovative developments to improve children's comfort, it's expected that this share of the market will continue to attract eco-conscious parents. The global children's furniture market is experiencing a huge transformation. Intelligent furniture, more inclusive designs, and the use of eco-friendly materials are changing the shape of the market. Children's furniture manufacturers and brands are improving their capabilities to create and build high-quality furniture that meets customer demand for attractive and functional items and long-lasting products that will stand the test of time. However, those more green-conscious designers and manufacturers will continue to challenge convincing consumers of sustainable furniture's aesthetic and cost credentials. Therefore, companies shouldn't forget that even in our modern eco-conscious world, safety, quality, quantity, and longevity are the number one priority for most consumers looking to invest in furniture for their children's bedrooms, playrooms, and nurseries. Updated on Oct 14, 2021, 2:41 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: valuewalkOct 14th, 2021

You can get 70% off of all CreativeLive classes through the end of October, including popular photography bootcamps for under $60

CreativeLive is currently offering discounts on individual online classes, in topics like Photoshop and design, as well as its Creator Pass. When you buy through our links, Insider may earn an affiliate commission. Learn more. CreativeLive offers over 2,000 online courses in photography, video, art, design, business, and more. MixMedia/Getty Images CreativeLive has over 2,000 online courses taught by experts in photography, art, video, and more. Classes are 70% off and you can get 20% off any Creator Pass subscription through October 31. Below are some of the most popular classes, including a Stanford course on designing your life. Online learners have many educational options like Udemy, Coursera, LinkedIn Learning, and edX, but creatives may find the most appealing classes at CreativeLive.The site houses over 2,000 classes taught by industry experts, and reportedly reaches over 10 million students. Each class falls under one of five categories: photo and video; art and design; music and audio; craft and maker; or money and life.As a CreativeLive student, you can watch on-air broadcasts for free for 24-hours a day, or buy an individual class and own it for life with the option to watch, rewind, and access bonus materials whenever. As part of a sitewide sale, all classes are currently 70% off through October 31 and if you spend $40 or more, you may get $20 off your order. You can also buy a Creator Pass (currently 20% off through October 31) to get access to as many classes as you want for an annual or monthly fee.If you're looking for a way to develop a creative habit, add industry know-how, or expand a creative business, then CreativeLive may be a tool worth considering. Below are 20 of the most popular courses among CreativeLive students:Descriptions provided by CreativeLive and edited for length. Fundamentals of Photography CreativeLive Fundamentals of photography, $18 (originally $199)As a photographer, you will need to master the technical basics of the camera and form an understanding of the types of equipment you need. The Fundamentals of Photography class will also teach something even more important (and crucial for success) — how to bring your creative vision to fruition.Taught by seasoned photographer John Greengo, who specializes in outdoor and travel photography, the Fundamentals of Photography places emphasis on quality visuals and experiential learning. In this course, you'll learn:How to bring together the elements of manual mode to create an evocative image: shutter speed, aperture, and image composition.How to choose the right gear and develop efficient workflow.How to recognize and take advantage of beautiful natural light. Designing Your Life: How to Build a Well-Lived, Joyful Life Marko Geber/Getty Images Designing Your Life: How to Build a Well-Lived, Joyful Life, $29 (originally $199)Do you feel stuck and anxious about the future? Do you feel like you should know what you want to do with your life but you aren't sure which direction to head? Stanford professors Bill Burnett and Dave Evans are joining us at CreativeLive to teach a class based on their #1 New York Times bestseller, "Designing Your Life: How to Build a Well-Lived, Joyful Life." How to Break the Habit of Self-Doubt and Build Real Confidence CreativeLive How to break the habit of self-doubt and build real confidence, $29 (originally $149)Mel Robbins is the most booked female speaker in the world, a serial entrepreneur, and a bestselling author. She is one of the most sought-after motivational instructors trusted by global brands to design and deliver life-changing, interactive experiences that inspire change, challenge thinking, and accelerate personal and professional growth.If you are plagued by imposter syndrome, suffer from anxiety or low self-esteem, or fall into the trap of self-pity that keeps you from seeing positive outcomes, you're definitely not alone.Mel will give you concrete, actionable advice and steps to overcome these problems and build the confidence to realize your dreams. After this class, you'll better understand your patterns, what to do to break unhealthy habits, act with courage, self-compassion, and overcome self-doubt so you can get what you want out of life. Posing 101 Jaysen Scott/Pexels Posing 101, $44 (originally $149)Posing is one of the fundamentals of great photography. It's also the thing that photographers have the least control over. We can choose our lenses, set up, lighting, and retouch with Adobe Photoshop. But when it comes to photography poses, we need to pay attention and work closely with our subjects to find the perfect pose and best way to capture the most flattering image.Fashion and portrait photographer Lindsay Adler will break down the fundamentals of perfect posing, giving you the basic rules you should follow to make your subjects and your photos look their best. Through live photo shoots and slides, Lindsay demonstrates the do's and don'ts for every category of subject, including men, women, older people, couples, brides and grooms, groups, and more. Adobe Photoshop 2020: The Complete Guide Bootcamp Getty Images Adobe Photoshop 2020: The Complete Guide Bootcamp, $59 (originally $199)Adobe Photoshop 2020 is a feature-rich creative force, perfect for turning raw ideas into audience-wowing images. With Ben Willmore as your guide, you can master it faster than you think and take on a new decade of projects.Ben takes you step-by-step through Adobe Photoshop 2020 as only he can. With an easy pace and zero technobabble, he demystifies this powerful program and makes you feel confident enough to create anything. This class is part of a fully-updated bundle – complete with 2020 features and more efficient ways to maximize the tools everyone uses most. Adobe Lightroom 2020: The Ultimate Guide Bootcamp David Bartus/Pexels Adobe Lightroom 2020: The Ultimate Guide Bootcamp, $18 (originally $199)Adobe Lightroom is the industry standard for post-production workflow and in Adobe Lightroom: The Ultimate Guide, you'll learn Jared Platt's gold standard for retouching and managing files quickly and efficiently.Jared will show the ins and outs of Lightroom Classic, Lightroom Mobile, and Lightroom Desktop. He'll demystify the difference between each and demonstrate when to use each one for maximum output.Jared will share tips on improving every phase of your workflow – from shooting to archiving. You'll learn how to take advantage of the latest Lightroom tools and features and become faster and more skilled at adjusting your images. 28 Days of Portrait Photography Marián Šicko/Pexels 28 Days of Portrait Photography, $29 (originally $199)Sue Bryce's 28 Days is the all-in-one portrait photography class that teaches you posing, shooting, marketing, selling, and everything else you need to know to run a successful contemporary portrait photography business. This series begins with two sessions of intense instruction on business, pricing, and overcoming your fears. Following the kickoff, Sue delivers short sessions exploring 28 different topics essential to any successful portrait photography studio. Sue covers flow posing, connecting with clients, posing and shooting groups, marketing to your key demographic, sales, and more. Speedlights 101 CreativeLive Speedlights 101, $14 (originally $49)This workshop will give you the confidence to incorporate small portable flash in your photography toolkit. From shooting receptions at weddings or adding drama in senior portraits, this workshop will include lots of live shooting examples that will help everything make sense. Once you start working with a portable flash, you'll never understand how you lived without it. Portraits Under Pressure CreativeLive Portraits under pressure, $18 (originally $99)Victoria Will's background as a photojournalist and celebrity photographer helped her develop techniques on editorial assignments to quickly connect with a subject. She'll show you how to use your environment to capture a unique image that reflects the person in the portrait. She'll also highlight how to quickly evaluate a less than perfect situation and make it work for you and your subject. You'll learn:Techniques for choosing the light, process, and locations for a successful portrait.How to build a rapport and utilize clear communication with your subjects.How to set up a developed concept, as well as how to light on the fly.Successful strategies for marketing yourself as a photographer and how to get your work in front of editors. Pricing and Sales for Photographers CreativeLive Pricing and sales for photographers, $14 (originally $49)In order to make money as a photographer, you have to know how to price, package, and sell your work. In this 3-day course, small business owner and award-winning portrait photographer Julia Kelleher will teach you how to create a strategic sales system — without relying on over-the-top, hard-selling sales techniques.By the end of this course, you will know how to predict your sales averages, forecast growth, and go from thinking about the next single sale to thinking about the next year of sales. Posing for Curvy Women CreativeLive Posing for curvy women, $14 (originally $49)Photographers are hired to capture portraits that accentuate the best features of their subjects. Fashion photographer Lindsay Adler will share techniques on how to photograph your full-figured and curvier clients by accentuating their lines and creating beautiful silhouettes.This class will cover: Styling suggestions for full-figured women including a bridal session.Camera angles and posing techniques for the most flattering images.Photoshop techniques to help highlight your curvy subject. Lighting & Posing Large Groups CreativeLive Lighting & posing large groups, $8 (originally $29)If you've photographed groups before, you know it can be a challenge. This class will answer your questions and cover the most important considerations to keep in mind for your next group session. You'll learn depth of field, lens choice, posing, focus considerations, light modifiers, light position, and more. Retouching for Interior Architectural Photography CreativeLive Retouching for interior architectural photography, $8 (originally $29)Images of architectural interiors present particular challenges for retouchers. In this class, architecture photographer Mike Kelley will show you how to use exposure blending, manual masking, advanced blemish removal, curve adjustments and other techniques to achieve stunning interior shots.You'll see how Mike overcomes extreme dynamic range, color casts from various sources, and difficult perspective issues to create a professional interior architectural photograph. Workflow, Time Management, and Productivity for Creatives CreativeLive Workflow, time management, and productivity for creatives, $14 (originally $49)Fine artist, illustrator, and author Lisa Congdon has worked with over 75 clients around the world including MoMA, REI Co-op, Harvard University, Martha Stewart Living, Chronicle Books, and Random House Publishing, among many others.In this class, she will teach you how to establish effective workflows and time management strategies that will streamline your processes and maximize creative work time.Among other things, you will learn:How to organize and implement a workflow system.How to manage to-do lists effectively.How to utilize time-blocking.How to identify and manage the distractions that keep you from being productive. The Headshot CreativeLive The headshot, $8 (originally $29)In this class, Peter Hurley, author of "The Headshot," reveals his methodology for capturing amazing headshot portraits.Hurley spent the last two years formulating these unique concepts into his highly anticipated book and will demonstrate how his simple techniques can help bring the best out of every person you photograph. His "squinching" phenomenon has gone viral and continues to have people using his signature lower lid move every time they step foot in front of a camera. Adobe Photoshop Mastery: Retouch and Restore CreativeLive Adobe Photoshop mastery: retouch and restore, $14 (originally $49)Photographs are among our most treasured possessions, but not every photo was shot under optimal conditions or preserved in an ideal way, which makes photo restoration a big business opportunity for skilled photographers and retouchers. If you want to answer every,"Can you fix it?" with a resounding "Yes," Adobe Photoshop Mastery with Ben Willmore is the class for you.You'll learn how to tackle:Advanced color correction and enhancement techniques.Retouching and scratch removal strategies.Detail enhancements.Folds, scratch, mildew, ink, and water stain repairs.Reconstruction of missing pieces such as torn corners and rips.How to fix faded images and make skin tones more lifelike.You'll also learn what actions to take, the optimal order to perform them, and which tools are right for the job. Ben will share time-saving tips and offer insights on the corrections that create the biggest impact. The Magic of Watercolor CreativeLive The magic of watercolor, $14 (originally $49)Join Molly Murrah for a fun, 5-week watercolor class for beginners. Learn about color, papers, brushes, drawing, and composition, as well as many great painting techniques that will get you working and playing with watercolors. The class will cover lessons such as paint properties, understanding color, the color wheel, mixing colors, light and shadow, and more. Color for Designers: Exploration, Theory, & Application CreativeLive Color for designers: exploration, theory, & application, $14 (originally $49)Our response to color comes from the place in our brain where trust, loyalty, behavior, and decision occur. Every successful project relies on a designer making smart choices about color.In this class, Richard Mehl will give you a foundational understanding of color theory principles and demonstrate how to apply them. Richard has studied alongside design legends like Paul Rand, Bradbury Thompson, and Herbert Matter, and will share insights gleaned from 12 years of teaching and writing about color in design.Richard takes an accessible approach to the serious study of color theory for designers. You'll be exposed to a relevant series of ideas and skills by exploring a range of analog and digital projects.Richard will discuss:Color terminology and meaning.How to view color in context.Contrast grids and color illusion. Tips for creating harmonious color palettes. Exploring Low-Key Portraiture CreativeLive Exploring low-key portraiture, $8 (originally $29)Learn how to shoot and retouch with shadows and dark tones in this class led by photographer Chris Knight. Students study how to maximize details in dark imagery through lighting and post-production. Chris will take you from concept through execution covering simple (yet effective) lighting techniques as well as tethering tips with Adobe Lightroom.He'll also discuss how to develop the raw image, as well as retouching tactics to make your image appear powerful and purposeful. Wedding Photography: Capturing the Story CreativeLive Wedding photography: capturing the story, $14 (originally $49)The emotional and physical energy of weddings makes for good photography, but a wedding photographer does more than simple, passive documentation of the revelry. Great wedding photography immortalizes the story of the event by combining a mastery of technical skills in a highly dynamic environment, and the social skills to put people at ease and capture genuine moments.Join Rocco Ancora and Ryan Schembri for this in-depth class on wedding photography and powerful storytelling. You'll learn:The fundamentals of shooting a wedding — lighting, exposure, and composition.How to maximize the use of natural and artificial light to create the mood.What to do once the wedding is over — image culling, album development, and sales.This class places heavy emphasis on developing strong posing and direction techniques and deploying them in a natural, non-confrontational manner. Rocco and Ryan believe that the job of the wedding photographer is to understand the story of the evening and to document it as a journalist would, with technical confidence and the mind on storytelling. All levels of wedding photographers will benefit from this class.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 14th, 2021

TradingView Hits $3 Billion Valuation With $298 Million Investment

The world’s most popular social network and charting platform for traders and investors closes $298 million financing round led by new investor Tiger Global to accelerate TradingView’s mission of helping people “Look first / Then leap” into the investment markets. Q3 2021 hedge fund letters, conferences and more TradingView Announces A New $298 Million Investment […] The world’s most popular social network and charting platform for traders and investors closes $298 million financing round led by new investor Tiger Global to accelerate TradingView’s mission of helping people “Look first / Then leap” into the investment markets. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more TradingView Announces A New $298 Million Investment Round [New York, London, October 14, 2021]: TradingView Inc, the world’s most popular charting platform and social network for traders and investors, today announced a new $298 million investment round – led by Tiger Global. The financing takes the company – with paying customers in over 180 countries worldwide – to a $3 billion valuation. Denis Globa, CEO and co-founder of TradingView said: “We’re excited to be partnering with Tiger Global. Their global fintech expertise and insights will contribute significantly to furthering TradingView’s vision of informed financial trading and investing for the world.” “We built this company with the belief that people everywhere want the same thing: to be in control of their own economic futures. We work towards this by creating an environment where all traders and investors can Look first / Then leap. That it doesn’t matter who you are, or where you’re from, you’ll always have access to the best tools and the best insights to find your right trading opportunities, then act on them”. The World's Most Popular Investing Website The investment follows strong growth for the company, which recently reported a 400% increase in created accounts, and a 237% increase in visitors to the platform in the last 18 months. It’s now recognized as the world’s most popular investing website[1] – with 30 million monthly users – and in the top 100 most engaging websites globally on the internet[2]. The company is also doubling down on its broker relationships and is expecting to partner and integrate with most major brokerage platforms over the next few years to allow consumers to trade directly from TradingView, while using their preferred financial institutions. “TradingView’s global reach, strong product offering, and engaged customer base positions the company to be the default social network and financial analysis platform used by all traders and investors,“ said Alex Cook, Partner, Tiger Global. “We’re looking forward to helping Denis and the team realize this ambition and expand the company’s market leadership position.” About TradingView TradingView, which was founded in 2011, is the only platform in the world to provide the information, insight, trading and investing journey all in one place. Now, with over 30 million monthly users, TradingView, in less than 10 years, has become the most popular investing website in the history of the internet, accessible to all, and used in 180 countries. TradingView’s global mission is to build a space where anyone anywhere can succeed through the financial markets and enjoy the process along the way. www.tradingview.com About Tiger Global Tiger Global Management is an investment firm focused on private and public companies in the internet, software, and financial technology sectors. Since 2001, Tiger Global has invested in hundreds of companies across more than 30 countries, in stages ranging from Series A to pre-IPO. The firm aims to partner with dynamic entrepreneurs operating market-leading companies in its core focus areas. Tiger Global's investments have included JD.com, UiPath, Stripe, Databricks, Bytedance, Snowflake, Facebook, Alibaba, Procore, Chime, Blend, Peloton, Attentive, LinkedIn, Flipkart, and Toast. www.tigerglobal.com Updated on Oct 14, 2021, 10:47 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 14th, 2021

Futures Surge As Banks Report Stellar Earnings; PPI On Deck

Futures Surge As Banks Report Stellar Earnings; PPI On Deck US equity futures, already sharply higher overnight, jumped this morning as a risk-on mood inspired by stellar bank earnings, overshadowed concern that supply snarls. a China property crunch, a tapering Fed and stagflation will weigh on the global recovery. Nasdaq futures jumped 1%, just ahead of the S&P 500 which was up 0.9%. 10-year Treasury yields ticked lower to about 1.5%, and with the dollar lower as well, oil jumped. Bitcoin and the broader crypto space continued to rise. Shares in Morgan Stanley, Citi and Bank of America jumped as their deal-making units rode a record wave of M&A. On the other end, Boeing shares fell more than 1% after a Dow Jones report said the plane maker is dealing with a new defect on its 787 Dreamliner. Here are some of the biggest other U.S. movers today: Occidental (OXY US) rises 1.6% in U.S. premarket trading after it agreed to sell its interests in two Ghana offshore fields for $750m to Kosmos Energy and Ghana National Petroleum Plug Power (PLUG US) rises 3.3% premarket, extending gains from Wednesday, when it announced partnership with Airbus SE and Phillips 66 to find ways to harness hydrogen to power airplanes, vehicles and industry Esports Entertainment (GMBL US) shares rise 16% in U.S. premarket trading after the online gambling company reported its FY21 results and reaffirmed its FY22 guidance Perrigo  (PRGO US) gains 2.8% in premarket trading after Raymond James upgrades to outperform following acquisition of HRA Pharma and recent settlement of Irish tax dispute AT&T (T US) ticks higher in premarket trading after KeyBanc writes upgrades to sector weight from underweight, saying it seems harder to justify further downside from here Avis Budget (CAR US) may be active after getting its only negative rating among analysts as Morgan Stanley cuts to underweight with risk/reward seen pointing toward downside OrthoPediatrics (KIDS US) dipped 2% Wednesday postmarket after it said 3Q revenue was hurt by the surge in cases of Covid-19 delta variant and RSV within children’s hospitals combined with staff shortage Investors continue to evaluate the resilience of economic reopening to supply chain disruptions, a jump in energy prices and the prospect of reduced central bank support. In the earnings season so far, executives at S&P 500 companies mentioned the phrase “supply chain” about 3,000 times on investor calls as of Tuesday -- far higher than last year’s then-record figure. “Our constructive outlook for growth means that our asset allocation remains broadly pro-risk and we continue to be modestly overweight global equities,” according to Michael Grady, head of investment strategy and chief economist at Aviva Investors. “However, we have scaled back that position marginally because of growing pains which could impact sales and margins.” Europe's Stoxx 600 index reached its highest level in almost three weeks, boosted by gains in tech shares and miners. The Euro Stoxx 50 rose over 1% to best levels for the week. FTSE 100 rises 0.75%, underperforming at the margin. Miners and tech names are the strongest sectors with only healthcare stocks in small negative territory. Here are some of the biggest European movers today: THG shares advance as much as 10%, snapping a four-day losing streak, after a non-executive director bought stock while analysts at Goldman Sachs and Liberum defended their buy recommendations. Steico gains as much as 9.9%, the most since Jan., after the insulation manufacturer reported record quarterly revenue, which Warburg says “leaves no doubt” about underlying market momentum. Banco BPM climbs as much as 3.6% and is the day’s best performer on the FTSE MIB benchmark index; bank initiated at buy at Jefferies as broker says opportunity to internalize insurance business offers 9%-16% possible upside to 2023 consensus EPS and is not priced in by the market. Hays rises as much as 4.3% after the recruiter posted a jump in comparable net fees for the first quarter. Publicis jumps as much as 3.7%, the stock’s best day since July, with JPMorgan saying the advertising company’s results show a “strong” third quarter, though there are risks ahead. Kesko shares rise as much as 6.1%. The timing of this year’s third guidance upgrade was a surprise, Inderes says. Ubisoft shares fall as much as 5.5% after JPMorgan Cazenove (overweight) opened a negative catalyst watch, citing short-term downside risk to earnings ahead of results. Earlier in the session, Asian stocks advanced, boosted by a rebound in technology shares as traders focused on the ongoing earnings season and assessed economic-reopening prospects in the region. The MSCI Asia Pacific Index gained as much as 0.7%, as a sub-gauge of tech stocks rose, halting a three-day slide. Tokyo Electron contributed the most to the measure’s climb, while Taiwan Semiconductor Manufacturing Co. closed up 0.4% ahead of its earnings release. India’s tech stocks rose following better-than-expected earnings for three leading firms in the sector. Philippine stocks were among Asia’s best performers as Manila began easing virus restrictions, which will allow more businesses in the capital to reopen this weekend. Indonesia’s stock benchmark rallied for a third-straight day, as the government prepared to reopen Bali to tourists. READ: Commodities Boom, Tourism Hopes Fuel Southeast Asia Stock Rally Ilya Spivak, head of Greater Asia at DailyFX, said FOMC minutes released overnight provided Asian markets with little direction, which may offer some opportunity for recouping recent losses. The report showed officials broadly agreed last month they should start reducing pandemic-era stimulus in mid-November or mid-December. U.S. 10-year Treasury yields stayed below 1.6%, providing support for tech stocks.  “Markets seemed to conclude the near-term narrative is on pause until further evidence,” Spivak said. Shares in mainland China fell as the country reported factory-gate prices grew at the fastest pace in almost 26 years in September. Singapore’s stock benchmark pared initial losses as the country’s central bank unexpectedly tightened policy. Hong Kong’s equity market was closed for a holiday In rates, Treasuries were steady to a tad higher, underperforming Bunds which advanced, led by the long end.  Fixed income is mixed: gilts bull steepen with short dates richening ~2.5bps, offering only a muted reaction to dovish commentary from BOE’s Tenreyro. Bunds rise with 10y futures breaching 169. USTs are relatively quiet with 5s30s unable to crack 100bps to the upside. Peripheral spreads widen slightly. In FX, the Turkish lira was again the overnight standout as it weakened to a record low after President Recep Tayyip Erdogan fired three central bankers. The Bloomberg Dollar Spot Index fell and the greenback slipped against all of its Group-of-10 peers apart from the yen, with risk-sensitive and resource-based currencies leading gains; the euro rose to trade above $1.16 for the first time in a week.  The pound rose to more than a two-week high amid dollar weakness as traders wait for a raft of Bank of England policy makers to speak. Sweden’s krona temporarily came off an almost eight-month high against the euro after inflation fell short of estimates. The euro dropped to the lowest since November against the Swiss franc as banks targeted large option barriers and leveraged sell-stops under 1.0700, traders said; Currency traders are responding to stagflation risks by turning to the Swiss franc. The Aussie advanced to a five-week high versus the greenback even as a monthly jobs report showed employment fell in September; the jobless rate rose less than economists forecast. The kiwi was a among the top performers; RBNZ Deputy Governor Geoff Bascand said inflation pressures were becoming more persistent China’s yuan declined from a four-month high after the central bank signaled discomfort with recent gains by setting a weaker-than-expected reference rate. In commodities, crude futures extend Asia’s gains with WTI up ~$1 before stalling near $81.50. Brent regains a $84-handle. Spot gold drifts through Wednesday’s highs, adding $4 to print just shy of the $1,800/oz mark. Base metals are well bid with LME copper and aluminum gaining as much as 3%.  Looking at the day ahead, we’ve got central bank speakers including the Fed’s Bullard, Bostic, Barkin, Daly and Harker, the ECB’s Elderson and Knot, along with the BoE’s Deputy Governor Cunliffe, Tenreyro and Mann. Data releases from the US include the September PPI reading along with the weekly initial jobless claims. Lastly, earnings releases will include UnitedHealth, Bank of America, Wells Fargo, Morgan Stanley, Citigroup, US Bancorp and Walgreens Boots Alliance. Market Snapshot S&P 500 futures up 0.6% to 4,382.50 STOXX Europe 600 up 0.9% to 464.38 MXAP up 0.7% to 196.12 MXAPJ up 0.6% to 642.66 Nikkei up 1.5% to 28,550.93 Topix up 0.7% to 1,986.97 Hang Seng Index down 1.4% to 24,962.59 Shanghai Composite little changed at 3,558.28 Sensex up 0.7% to 61,190.63 Australia S&P/ASX 200 up 0.5% to 7,311.73 Kospi up 1.5% to 2,988.64 Brent Futures up 1.0% to $83.98/bbl Gold spot up 0.2% to $1,796.13 U.S. Dollar Index down 0.25% to 93.84 German 10Y yield fell 1.5 bps to -0.143% Euro little changed at $1.1615 Brent Futures up 1.0% to $84.13/bbl Top Overnight News from Bloomberg A flattening Treasury yield curve signals increasing concern Federal Reserve efforts to keep inflation in check will derail the recovery in the world’s largest economy China’s factory-gate prices grew at the fastest pace in almost 26 years in September, potentially adding to global inflation pressure if local businesses start passing on higher costs to consumers. Turkish President Recep Tayyip Erdogan fired monetary policy makers wary of cutting interest rates further, driving the lira to record lows against the dollar with his midnight decree Singapore’s central bank unexpectedly tightened its monetary policy settings, strengthening the local dollar, as the city-state joins policymakers globally concerned about risks of persistent inflation Shortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude markets, the International Energy Agency said A tropical storm that’s lashing southern China mixed with Covid-related supply chain snarls is causing a ship backlog from Shenzhen to Singapore, intensifying fears retail shelves may look rather empty come Christmas A more detailed look at global markets courtesy of Newsquawk A constructive mood was seen across Asia-Pac stocks with the region building on the mild positive bias stateside where the Nasdaq outperformed as tech and growth stocks benefitted from the curve flattening, with global risk appetite unfazed by the firmer US CPI data and FOMC Minutes that suggested the start of tapering in either mid-November of mid-December. The ASX 200 (+0.5%) traded higher as tech stocks found inspiration from the outperformance of US counterparts and with the mining sector buoyed by gains in underlying commodity prices. The Nikkei 225 (+1.5%) was the biggest gainer amid currency-related tailwinds and with the latest securities flow data showing a substantial shift by foreign investors to net purchases of Japanese stocks during the prior week. The KOSPI (+1.5%) conformed to the brightening picture amid signs of a slowdown in weekly infections, while the Singapore’s Straits Times Index (+0.3%) lagged for most of the session following weaker than expected Q3 GDP data, and after the MAS surprisingly tightened its FX-based policy by slightly raising the slope of the SGD nominal effective exchange rate (NEER). The Shanghai Comp. (U/C) was initially kept afloat but with gains capped after slightly softer than expected loans and financing data from China and with participants digesting mixed inflation numbers in which CPI printed below estimates but PPI topped forecasts for a record increase in factory gate prices, while there was also an absence of Stock Connect flows with participants in Hong Kong away for holiday. Finally, 10yr JGBs were higher after the recent curve flattening stateside and rebound in T-notes with the US longer-end also helped by a solid 30yr auction, although gains for JGBs were capped amid the outperformance in Tokyo stocks and mostly weaker metrics at the 5yr JGB auction. Top Asian News Chinese Developer Shares Fall on Debt Crisis: Evergrande Update Japan’s Yamagiwa Says Abenomics Fell Short at Spreading Wealth China Seen Rolling Over Policy Loans to Keep Liquidity Abundant Malaysia’s 2020 Fertility Rate Falls to Lowest in Four Decades Bourses in Europe have modestly extended on the upside seen at the European cash open (Euro Stoxx 50 +1.1%; Stoxx 600 +0.9%) in a continuation of the firm sentiment experienced overnight. US equity futures have also conformed to the broader upbeat tone, with gains seen across the ES (+0.7%), NQ (+0.8%), RTY (+0.8%) and YM (+0.7%). The upside comes despite a lack of overly pertinent newsflow, with participants looking ahead to a plethora of central bank speakers. The major indices in Europe also see a broad-based performance, but the periphery narrowly outperforms, whilst the SMI (Unch) lags amid the sectorial underperformance seen in Healthcare. Overall, the sectors portray somewhat of a cyclical tilt. The Basic Resources sector is the clear winner and is closely followed by Tech and Financial Services. Individual moves are scarce as price action is largely dictated by the macro picture, but the tech sector is led higher by gains in chip names after the world's largest contract chipmaker TSMC (+3.1% pre-market) reported strong earnings and upgraded its revenue guidance. Top European News German 2021 Economic Growth Forecast Slashed on Supply Crunch U.K. Gas Shipper Stops Supplies in Another Blow to Power Firms Christmas Toy Shortages Loom as Cargo Clogs a Major U.K. Port Putin Is Back to Building Financial Fortress as Reserves Grow In FX, the Dollar and index by default have retreated further from Tuesday’s 2021 peak for the latter as US Treasury yields continue to soften and the curve realign in wake of yesterday’s broadly in line CPI data and FOMC minutes that set the schedule for tapering, but maintained a clear differential between scaling down the pace of asset purchases and the timing of rate normalisation. Hence, the Buck is losing bullish momentum with the DXY now eying bids and downside technical support under 94.000 having slipped beneath an early October low (93.804 from the 5th of the month vs 93.675 a day earlier) and the 21 DMA that comes in at 93.770 today between 94.090-93.754 parameters before the next IJC update, PPI data and a heavy slate of Fed speakers. NZD/AUD - No real surprise that the Kiwi has been given a new lease of life given that the RBNZ has already taken its first tightening step and put physical distance between the OCR and the US FFR, not to mention that the move sparked a major ‘sell fact’ after ‘buy rumour’ reaction. However, Nzd/Usd is back on the 0.7000 handle with additional impetus via favourable tailwinds down under as the Aud/Nzd cross is now nearer 1.0550 than 1.0600 even though the Aussie is also taking advantage of the Greenback’s fall from grace to reclaim 0.7400+ status. Note, Aud/Usd may be lagging somewhat on the back of a somewhat labour report overnight as the employment tally fell slightly short of expectations and participation dipped, but the jobless rate fell and full time jobs rose. Moreover, RBA Deputy Governor Debelle repeated that circumstances are different for Australia compared to countries where policy is tightening, adding that employment is positive overall, but there is not much improvement on the wage front. CAD/GBP/CHF - The next best majors in terms of reclaiming losses vs their US counterpart, with the Loonie also encouraged by a firm bounce in oil prices and other commodities in keeping with a general recovery in risk appetite. Usd/Cad is under 1.2400, while Cable is now over 1.3700 having clearly breached Fib resistance around 1.3663 and the Franc is probing 0.9200 for a big figure-plus turnaround from recent lows irrespective of mixed Swiss import and producer prices. EUR/JPY - Relative laggards, but the Euro has finally hurdled chart obstacles standing in the way of 1.1600 and gradually gathering impetus to pull away from decent option expiry interest at the round number and just above (1.5 bn and 1 bn 1.1610-20), and the Yen regrouping around the 113.50 axis regardless of dovish BoJ rhetoric. In short, board member Noguchi conceded that the Bank may have little choice but to extend pandemic relief support unless it becomes clear that the economy has returned to a pre-pandemic state, adding that more easing may be necessary if the jobs market does not improve from pent-up demand, though he doesn't see and immediate need to top up stimulus or big stagflation risk. In commodities, WTI and Brent front month futures are continuing the grind higher seen since the European close yesterday as the risk tone remains supportive and in the aftermath of an overall bullish IEA oil market report. The IEA upgraded its 2021 and 2022 oil demand forecasts by 170k and 210k BPD respectively, which contrasts the EIA STEO and the OPEC MOMR – with the former upping its 2021 but cutting 2022 forecast, whilst the OPEC MOMR saw the 2021 demand forecast cut and 2022 was maintained. The IEA report however noted that the ongoing energy crisis could boost oil demand by 500k BPD, and oil demand could exceed pre-pandemic levels in 2022. On this, China has asked Russia to double electricity supply between November-December. The morning saw commentary from various energy ministers, but perhaps the most telling from the Russian Deputy PM Novak who suggested Russia will produce 9.9mln BPD of oil in October (in-line with the quota), but that Russia has no problem in increasing oil output which can go to 11.3mln BPD (Russia’s capacity) and even more than that, but output will depend on market situation. Long story short, Russia can ramp up output but is currently caged by the OPEC+ pact. WTI Nov extended on gain about USD 81/bbl to a current high of USD 81.41/bbl (vs 80.41/bbl low) while its Brent counter topped USD 84.00/bbl to a USD 84.24/bbl high (vs 83.18/bbl low). As a reminder, the weekly DoEs will be released at 16:00BST/11:00EDT on account of the Columbus Day holiday. Gas prices have also moved higher in intraday, with the UK Nat Gas future +5.5% at the time of writing. Returning to the Russian Deputy PM Novak who noted that Nord Stream 2 will be ready for work in the next few days, still expects certification to occur and commercial supplies of gas via Nord Stream 2 could start following certification. Elsewhere, spot gold and silver have been drifting higher as the Buck wanes, with spot gold topping its 200 DMA (1,7995/oz) and in striking distance of its 100 DMA (1,799/oz) ahead of the USD 1,800/oz mark. Over to base metals, LME copper is again on a firmer footing, owing to the overall constructive tone across the market. Dalian iron ore meanwhile fell for a second straight day in a continuation of the downside seen as Beijing imposed tougher steel output controls for winter. World Steel Association also cut its global steel demand forecast to +4.5% in 2021 (prev. forecast +5.8%); +2.2% in 2022 (prev. forecast 2.7%). US Event Calendar 8:30am: Sept. PPI Final Demand MoM, est. 0.6%, prior 0.7%; YoY, est. 8.6%, prior 8.3% 8:30am: Sept. PPI Ex Food and Energy MoM, est. 0.5%, prior 0.6%; YoY, est. 7.1%, prior 6.7% 8:30am: Sept. PPI Ex Food, Energy, Trade MoM, est. 0.4%, prior 0.3%; YoY, est. 6.5%, prior 6.3% 8:30am: Oct. Initial Jobless Claims, est. 320,000, prior 326,000; Continuing Claims, est. 2.67m, prior 2.71m 9:45am: Oct. Langer Consumer Comfort, prior 53.4 Central Banks 8:35am: Fed’s Bullard Takes Part in Virtual Discussion 9:45am: Fed’s Bostic Takes Part in Panel on Inclusive Growth 12pm: New York Fed’s Logan Gives Speech on Policy Implementation 1pm: Fed’s Barkin Gives Speech 1pm: Fed’s Daly Speaks at Conference on Small Business Credit 6pm: Fed’s Harker Discusses the Economic Outlook DB's Jim Reid concludes the overnight wrap Inflation dominated the conversation yet again for markets yesterday, after another upside surprise from the US CPI data led to the increasing realisation that we’ll still be talking about the topic for some time yet. Equities were pretty subdued as they looked forward to the upcoming earnings season, but investor jitters were evident as the classic inflation hedge of gold (+1.87%) posted its strongest daily performance since March, whilst the US dollar (-0.46%) ended the session as the worst performer among the G10 currencies. Running through the details of that release, headline US consumer prices were up by +0.4% on a monthly basis in September (vs. +0.3% expected), marking the 5th time in the last 7 months that the figure has come in above the median estimate on Bloomberg, though core prices were in line with consensus at +0.2% month-over-month. There were a number of drivers behind the faster pace, but food inflation (+0.93%) saw its biggest monthly increase since April 2020. Whilst some pandemic-sensitive sectors registered soft readings, housing-related prices were much firmer. Rent of primary residence grew +0.45%, its fastest pace since May 2001 and owners’ equivalent rent increased +0.43%, its strongest since June 2006. These housing gauges are something that Fed officials have signposted as having the potential to provide more durable upward pressure on inflation. The CPI release only added to speculation that the Fed would be forced to hike rates earlier than previously anticipated, and investors are now pricing in almost 4 hikes by the end of 2023, which is over a full hike more than they were pricing in just a month earlier. In response, the Treasury yield curve continued the previous day’s flattening, with the prospect of tighter monetary policy seeing the 2yr yield up +2.0bps to a post-pandemic high of 0.358%, whilst the 10yr decreased -4.0bps to 1.537%. That move lower in the 10yr yield was entirely down to lower real rates, however, which were down -7.4bps, suggesting investors were increasingly concerned about long-term growth prospects, whereas the 10yr inflation breakeven was up +3.3bps to 2.525%, its highest level since May. Meanwhile in Europe, 10yr sovereign bond yields took a turn lower alongside Treasuries, with those on bunds (-4.2bps), OATs (-4.0bps) and BTPs (-2.3bps) all falling. Recent inflation dynamics and issues on the supply-side are something that politicians have become increasingly attuned to, and President Biden gave remarks last night where he outlined efforts to address the supply-chain bottlenecks. This followed headlines earlier in the session that major ports in southern California would move to a 24/7 schedule to unclog delivery backlogs, and Mr. Biden also used the opportunity to push for the passage of the infrastructure plan. That comes as it’s also been reported by Reuters that the White House has been speaking with US oil and gas producers to see how prices can be brought lower. We should hear from Mr. Biden again today, who’s due to give an update on the Covid-19 response. On the topic of institutions that care about inflation, the September FOMC minutes suggested staff still remained optimistic that inflationary pressures would prove transitory, although Committee members themselves were predictably more split on the matter. Several participants pointed out that pandemic-sensitive prices were driving most of the gains, while some expressed concerns that high rates of inflation would feed into longer-term inflation expectations. Otherwise, the minutes all but confirmed DB’s US economists’ call for a November taper announcement, with monthly reductions in the pace of asset purchases of $10 billion for Treasuries and $5 billion for MBS. Markets took the news in their stride immediately following the release, reflecting how the build-up to this move has been gradually telegraphed through the year. Turning to equities, the S&P 500 managed to end its 3-day losing streak, gaining +0.30% by the close. Megacap technology stocks led the way, with the FANG+ index up +1.13% as the NASDAQ added +0.73%. On the other hand, cyclicals such as financials (-0.64%) lagged behind the broader index following flatter yield curve, and JPMorgan Chase (-2.64%) sold off as the company’s Q3 earnings release showed muted loan growth. Separately, Delta Air Lines (-5.76%) also sold off along with the broader S&P 500 airlines index (-3.51%), as they warned that rising fuel costs would threaten earnings over the current quarter. European indices posted a more solid performance than the US, with the STOXX 600 up +0.71%, though the sectoral balance was similar with tech stocks outperforming whilst the STOXX Banks index (-2.05%) fell back from its 2-year high the previous session. Overnight in Asia equities have put in a mixed performance, with the KOSPI (+1.17%) and the Nikkei (+1.01%) moving higher whilst the Shanghai Composite (-0.25%) and the CSI (-0.62%) have lost ground. Those moves follow the release of Chinese inflation data for September, which showed producer price inflation hit its highest in nearly 26 years, at +10.7% (vs. +10.5% expected), driven mostly by higher coal prices and energy-sensitive categories. On the other hand, the CPI measure for September came in slightly below consensus at +0.7% (vs. +0.8% expected), indicating that higher factory gate prices have not yet translated into consumer prices. Meanwhile, equity markets in the US are pointing to a positive start later on with S&P 500 futures up +0.32%. Of course, one of the drivers behind the renewal of inflation jitters has been the recent surge in commodity prices across the board, and we’ve seen further gains yesterday and this morning that will only add to the concerns about inflation readings yet to come. Oil prices have advanced yet again, with Brent Crude up +0.69% this morning to be on track to close at a 3-year high as it stands. That comes in spite of OPEC’s monthly oil market report revising down their forecast for world oil demand this year to 5.8mb/d, having been at 5.96mb/d last month. Elsewhere, European natural gas prices were up +9.24% as they continued to pare back some of the declines from last week, and a further two energy suppliers in the UK collapsed, Pure Planet and Colorado Energy, who supply quarter of a million customers between them. Otherwise, copper (+4.4x%) hit a 2-month high yesterday, and it up a further +1.01% this morning, Turning to Brexit, yesterday saw the European Commission put forward a set of adjustments to the Northern Ireland Protocol, which is a part of the Brexit deal that’s caused a significant dispute between the UK and the EU. The proposals from Commission Vice President Šefčovič would see an 80% reduction in checks on animal and plant-based products, as well as a 50% reduction in paperwork by reducing the documentation needed for goods moving between Great Britain and Northern Ireland. It follows a speech by the UK’s David Frost on Tuesday, in which he said that Article 16 of the Protocol, which allows either side to take unilateral safeguard measures, could be used “if necessary”. Mr. Frost is due to meet with Šefčovič in Brussels tomorrow. Running through yesterday’s other data, UK GDP grew by +0.4% in August (vs. +0.5% expected), and the July number was revised down to show a -0.1% contraction (vs. +0.1% growth previously). The release means that GDP in August was still -0.8% beneath its pre-pandemic level back in February 2020. To the day ahead now, and on the calendar we’ve got central bank speakers including the Fed’s Bullard, Bostic, Barkin, Daly and Harker, the ECB’s Elderson and Knot, along with the BoE’s Deputy Governor Cunliffe, Tenreyro and Mann. Data releases from the US include the September PPI reading along with the weekly initial jobless claims. Lastly, earnings releases will include UnitedHealth, Bank of America, Wells Fargo, Morgan Stanley, Citigroup, US Bancorp and Walgreens Boots Alliance. Tyler Durden Thu, 10/14/2021 - 08:29.....»»

Category: blogSource: zerohedgeOct 14th, 2021

The AUKUS deal says more about US plans to take on China than Biden will admit

The AUKUS pact raises serious questions about the future relationship between the United States and most of its European allies. Royal Australian Navy diesel-electric submarine HMAS Waller in Sydney Harbor, November 2, 2016. PETER PARKS/AFP via Getty Images President Joe Biden is heading to the G-20 summit this month to mend rifts caused by the AUKUS security pact. The pact makes explicit US plans to aggressively challenge China, but in doing so, it risks further damaging core relationships. Grant Golub is a Ph.D. candidate studying US diplomatic history and grand strategy at the London School of Economics and Political Science. As President Joe Biden prepares to attend the G-20 summit in Rome at the end of this month, his recent decision to sign a new security agreement with Australia and Britain looms large.After this deal enraged France and caused a major diplomatic rift between Paris and Washington, the conference will be the president's first in-person opportunity to mend fresh wounds.Not only will Biden work to fix relations with French President Emmanuel Macron on the meeting's sidelines, but he'll aim to reassure his European counterparts on the US commitment to them as the contours of his China policy came into sharper focus.The president's approach, one characterized by competition and rivalry, will have profound implications for US grand strategy in the years to come.In September, Biden jointly announced with Prime Minister Scott Morrison of Australia and Prime Minister Boris Johnson of Britain the formation of a trilateral security pact. President Joe Biden, Australian Prime Minister Scott Morrison, and British Prime Minister Boris Johnson announcing the AUKUS security initiative, at the White House, September 15, 2021. Andrew Harnik/AP Under the AUKUS agreement, London and Washington will help Canberra develop nuclear-powered submarines and increase technological cooperation across a range of domains, including artificial intelligence and cyber capabilities. Australia will also explore hosting US bombers on its territory.Yet while the AUKUS deal is a huge step by itself in its attempts to help Washington complete its Asia pivot and bolster its regional security position, its potential broader implications are even more striking. This is true not just for Sino-American relations, but also for the broader shape of American foreign policy.The core of the AUKUS pact is the Anglo-American commitment to provide Australia with nuclear propulsion technology to power a new fleet of submarines.Nuclear power allows submarines to have limitless range, travel largely undetected, and is so superior to conventional fuel that Australia and the United States gambled the deal was worth enraging France, which had a previous contract to provide Australia with diesel-powered submarines. Biden and French President Emmanuel Macron speak ahead of the NATO summit in Brussels, June 14, 2021. Dursun Aydemir/Anadolu Agency via Getty Images However, this nuclear technology is one of America's most closely guarded secrets. Although the US has nuclear sharing agreements with key allies regarding the use of nuclear weapons, it barely exchanges nuclear materials or knowledge like this with any other nation.The United States last shared nuclear propulsion technology with an ally in 1958 under a major defense agreement with Britain after years of British political wrangling and the Soviet Union's successful launching of Sputnik. It took a massive crisis to convince American officials to relent on sharing this sensitive information, even with its closest ally.Since the end of World War II, nuclear nonproliferation has been a cornerstone of American grand strategy and foreign policy. Naturally, US officials have believed that if nuclear weapons spread and a greater number of states possessed them, there would be heightened risks of the United States being vulnerable to attack.Additionally, American policymakers have also been historically apprehensive about allies having independent nuclear arsenals or holding key nuclear information. If they did, the thinking went, they could possibly pull the US into conflicts it did not want to be involved in or operate more autonomously from Washington. US Navy nuclear-powered attack submarine USS Asheville and US 7th Fleet flagship USS Blue Ridge in the Philippine Sea. US Navy/MC2 Adam K. Thomas At the AUKUS deal announcement, the Australian prime minister made clear his nation was not seeking to build its own nuclear deterrent or acquire nuclear weapons. Nevertheless, for the Biden administration to cast aside Washington's historical commitments to nuclear nonproliferation means it views the China challenge and regional security in the Pacific as more pressing concerns.In other words, providing Australia with nuclear-powered submarines is a breach of a mainstay of American foreign policy for over the last seven decades. It's possible Washington could make similar decisions with other regional allies, like Japan or South Korea in the future, a worrying development.At the same time, the AUKUS pact raises serious questions about the future relationship between the United States and most of its European allies.While Australia, Britain, and the United States were negotiating this agreement, they decided to keep Paris in the dark since it involved cancelling France's previous submarine deal with Canberra.French President Emmanuel Macron was so infuriated with what he viewed as deception that he recalled France's ambassadors to both Australia and the United States, escalating the diplomatic rift created by the deal. The result was a blowup that has barely begun to heal and could further strain America's fracturing relations with some of its closest allies. Biden leaves after delivering remarks on the crisis in Afghanistan, at the White House, August 16, 2021. Anna Moneymaker/Getty Images The AUKUS announcement has exposed the continuing fissures in the Atlantic alliance.Combined with the apparent lack of consultation over the US exit from Afghanistan, it demonstrates there is more continuity between the Biden administration and its predecessor on the role of Europe in American foreign policy than Biden officials would likely care to publicly admit.Rightfully, it amplifies questions about how Washington views its European allies as it continues to pivot toward Asia and reorient US national security policy toward confronting Beijing.The AUKUS deal is about more than its details. In joining this pact, Washington has made it explicit it plans to aggressively challenge China in both rhetoric and policy. But in doing so, it risks further damaging core relationships with traditional partners and setting off a chain reaction that could spiral out of control.As the Biden administration plans its next moves in the delicate dance with Beijing, it should seriously rethink whether a hawkish US posture in the Pacific is ultimately worth the costs.Grant Golub is a Ph.D. candidate studying US diplomatic history and grand strategy in the Department of International History at the London School of Economics and Political Science. His research focuses on the politics of American grand strategy during World War II. He is also a Marcellus Policy Fellow at the John Quincy Adams Society in Washington, DC, and a project assistant for the Cold War Studies Project at LSE IDEAS, a university think tank. His writing has appeared in The Washington Post, Responsible Statecraft, and other leading publications. He tweets at @ghgolub.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 14th, 2021

Microsoft Agrees to Human Rights Review of Deals With Law Enforcement and Government

Microsoft Corp., which has faced pressure from employees and shareholders over contracts with governments and law enforcement agencies, agreed to commission an independent human rights review of some of those deals. The move came in response to a June filing of a shareholder proposal asking the company to evaluate how well it sticks to its… Microsoft Corp., which has faced pressure from employees and shareholders over contracts with governments and law enforcement agencies, agreed to commission an independent human rights review of some of those deals. The move came in response to a June filing of a shareholder proposal asking the company to evaluate how well it sticks to its human rights statement and related policies. Microsoft committed to a review of any human rights impacts that its products have on those including communities of Black, Indigenous and People of Color in contracts for police, immigration enforcement and unspecified other government agencies, according to correspondence from the company viewed by Bloomberg. [time-brightcove not-tgx=”true”] Microsoft pledged to publish the report next year, and the shareholders, who include faith-based investors like Religious of the Sacred Heart of Mary, have withdrawn their proposal ahead of Microsoft’s annual shareholder meeting next month. Microsoft spokesman Frank Shaw confirmed the company will undertake the review. “In response to shareholder requests, Microsoft Corp. will commission an independent, third-party assessment to identify, understand, assess, and address actual or potential adverse human rights impacts of the company’s products and services and business relationships with regard to law enforcement, immigration enforcement, and other government contracts. The assessment will include consultation with BIPOC communities, including immigrants, and other groups representing communities most impacted by Microsoft’s surveillance products, law enforcement and government contracts,” the company said in a statement. As government, military and police contracts have become targets of scrutiny and activism, Microsoft employees have circulated letters demanding the company abandon a deal to build versions of its HoloLens augmented reality headsets for the U.S. Army as well as raising concerns about business with U.S. Immigration and Customs Enforcement. Chief Executive Officer Satya Nadella has stood behind software sales to the U.S. military, but paused selling facial recognition technology to police departments, although the company sells other programs to law enforcement. The California-based religious order agreed to lead the shareholder proposal because it wanted to make sure the company’s products don’t “cause human rights harms, including perpetuating systemic racial inequities,” Sister Joanne Safian, said in a statement. Microsoft told the investors the review will be conducted by the law firm Foley Hoag LLP. The proposal was filed by Investor Advocates for Social Justice, a nonprofit representing faith-based institutional investors. Microsoft didn’t specify which contracts will be examined, but shareholders “expect” it will include what the group said are about 16 active contracts with ICE and U.S. Customs and Border Protection. “This will be an ambitious and complicated process and we’re certainly putting our faith in Microsoft and Foley Hoag to be conscientious,” said Michael Connor, executive director of Open MIC, a nonprofit shareholder advocacy organization that worked with IASJ on the proposal. “They’re asking for input from affected rights holders, which was a very big request on our part and they agreed to that.” Human rights concerns have been raised by shareholders in areas related to labor and in the apparel industry around manufacturing conditions but are newer to the technology companies, he said. Open MIC has also made similar requestsof Amazon.com Inc., related to its facial recognition technology, as well as Apple Inc., Facebook Inc. and Alphabet Inc., without a positive response from the companies or a win at shareholder meetings, Connor said. Open MIC is also working on two other shareholder resolutions related to Microsoft, including one that asks the company to stop selling facial recognition software to all government agencies. “Tech companies take the position that all tech is good, and while we as shareholders recognize that tech can be helpful, there are also many downsides,” Connor said. Microsoft earlier this month agreed to let more repair shops fix its devices in response to a push from As You Sow, a nonprofit shareholder activism group, and consumer advocates......»»

Category: topSource: timeOct 14th, 2021

Avant Brands Reports Third Quarter Fiscal 2021 Financial Results

KELOWNA, BC, Oct. 13, 2021 /CNW/ - Avant Brands Inc (TSX:AVNT) (OTCQX:AVTBF) (FRA: 1BUP) ("Avant" or the "Company"), a leading producer of high quality, handcrafted cannabis products, is pleased to announce its financial results for the third quarter of fiscal 2021 ended August 31, 2021 ("Q3 2021"). "We are excited to have posted two consecutive quarters of record revenues," said Norton Singhavon, Founder and CEO of Avant. "The Company has achieved positive momentum across three distinct channels: recreational, medical and export. In addition, the recent licensing of our 3PL Ventures facility in Vernon, British Columbia enables us to build on this growth trajectory." Key Financial Highlights (for the period ended August 31, 2021)All figures are compared to the Company's most recent fiscal quarter (Q2 2021); all financial information in this press release is reported in Canadian dollars. Maintained a strong capital position with approximately $16.3 million of cash, $26.7 million of working capital and no debt on its balance sheet. Achieved record gross revenue of $3.1 million, and net revenue of $2.7 million, representing the second consecutive quarter of record revenue. Sold 525 kilograms ("KG") of cannabis, compared to 394 KG, an increase of 33%. Gross margin(A) increased to 40% from 39%. Recreational cannabis sales in Canada accounted for 71% of total sales, compared to 92%, as the Company commenced its initial global export shipment to Israel. Overall weighted average selling price decreased by 20% or $1.43 to $5.78 per gram as the Company's export shipments received a lower average selling price than its Canadian recreational sales. Recreational weighted average selling price decreased 5% to $6.97 per gram, as sales for Avant's Tenzo™ brand increased with the launch of new cultivars and packaging. The Tenzo™ brand has a lower weighted average selling price compared to the Company's BLK MKT™ brand. Operating expenses(B) of $1.5 million increased by $311,000 or 25%, as the Company had various one-time non-reoccurring expenses related to its TSX graduation and other professional fees. Net loss from operations of $2.97 million, compared to a loss of $124,000, as the Company recorded a non-cash loss of $2.3 million on fair value changes of biological assets. Positive cash flow from operations (before changes in non-cash working capital items) of $831,000, compared to negative $512,000, indicating significant growth within the operations. Adjusted EBITDA(C) loss of $267,000 compared to a loss of $28,000. Key Corporate Highlights Completed a full corporate rebrand to Avant Brands Inc. to better align with our high-quality cannabis products, emphasize the strength of our capabilities and raise our profile and visibility with our customers and the investment community. Graduated to the Toronto Stock Exchange and strengthened the Company's Board of Directors with the appointment of Jurgen Schreiber as Chairman of the Board, Duane Lo as Chair of the Audit Committee and Ruairi Twomey as Independent Director. 3PL Ventures Inc., a purpose-built 60,000 sq. ft. facility received its Standard Cultivation, Standard Processing and Medical Sales Licences, in accordance with Health Canada's Cannabis Act and Regulations. Filed preliminary base shelf prospectus for up to an aggregate offering of $50 million to provide the Company with the flexibility to capitalize on financing opportunities in favourable market conditions during the 25-month period that it remains active. Added to NASDAQ-listed Global X Cannabis ETF (NASDAQ:POTX), which currently holds approximately 4.4 million shares of Avant. Key Sales and Market Highlights Successfully initiated global cannabis exports, with a first shipment of over 200 KG of dried cannabis to Focus Medical Herbs Ltd., a wholly owned subsidiary of IM Cannabis Corp. (NASDAQ:IMCC). Continued to expand international client portfolio by signing three additional export agreements with customers in Israel and Australia. BLK MKT™ continued to be a top selling premium brand in all Canadian Provinces. BLK MKT™ 1G pre-rolls rapidly emerged as the top seller in British Columbia, and experienced an increase in market share within Ontario. Achieved a steady increase in B2C medical clients while expanding the product offering in terms of ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzingaOct 14th, 2021

I"m a dancing card dealer at a Vegas casino. I love my job - here"s what it"s like.

"Since we're also dancers, people sometimes don't take us as seriously as a regular dealer - but we're just as qualified," says Victoria Silva. Victoria Silva. Victoria Silva Victoria Silva, 27, works as a dancing dealer at Circa Resort & Casino in downtown Las Vegas. She rotates between dealing cards at roulette and blackjack tables and dancing on a platform on the casino floor. This is what her job is like, as told to freelance writer Molly O'Brien. See more stories on Insider's business page. I've been working as a "dancing dealer" in Las Vegas for almost four years now. A dancing dealer is a [table games] dealer who also dances. We take shifts dealing, and then we dance in front of the people in the casino. It's our job to make sure people are having fun - whether they're winning or losing - so that they have a great experience and want to come back. I currently work the night shift at Circa Resort & Casino in downtown Las Vegas. I deal blackjack and roulette. I enjoy working the night shift because it means I get to spend the daytime with my two daughters, who are four and six. I officially get off work at 3 a.m., and get home and go to bed around 4:30 a.m. Silva dealing at a roulette table. Victoria Silva My wakeup time ranges from 7 a.m. to 10 a.m. depending on the kids' activities. It can be hard coming home late and then having to get up early, but it's worth it. I normally get Sunday and Monday off, and I'll spend time with my kids as much as I can. Sometimes I'll have a date night with my husband, but most of the time when I'm off I'm just at home, relaxing. Dancing dealers have the same official dealer certification and skills as any other regular dealer.Before this job, I worked in retail, specifically at Hollister, for quite some time. I didn't grow up being a dancer, but my sisters and I used to make up dances as kids. I was also a cheerleader in school, which helped build my confidence. As a dancing dealer, we don't actually have routines, we just freestyle. To be in this position, I don't think you need to be the best dancer in the world, but you need to be a good dancer. Silva on top of the dancing podium. Victoria Silva I feel like since we're also dancers, people sometimes don't take us as seriously as a regular dealer - but we're just as qualified as any other dealer in town.In order to get certified, I had to complete a two week training and pass an audition test. We had a trainer who taught us all the steps of dealing and then we each took an in-person test with a few other people. Once we passed we were set to work in the casinos.I love my coworkers. We're like one big family and we look out for each other.One of the best parts of my job is that I make a lot of friends. We're like a big family, the 60 of us girls who are dancing dealers. Another thing I love about my job is interacting with people and hearing their funny stories.The hours can definitely be a challenge, but I think the only real downside is that not everyone who comes in is always nice. The majority of people are nice - but sometimes you get those tough people.I never know how much money I actually deal out in a night, because it always varies. Weekends I deal out much more. The players can put down as much as they want at a table - but every table does have a max bet depending on where you are in the casino, which is why there are specific high limit betting areas. Most people bet around $100 a game, or maybe a little more - but we do have people who play in the $1,000s.Overall, I definitely notice a difference in energy and clientele on weekdays versus weekends. Weekends are high energy and super busy, and weekdays are steady - but not as crazy.Building relationships with regular customers is fun. Silva dealing at a blackjack table. Victoria Silva Since our casino is downtown, I think many of our customers are not as serious as on the strip because they're gambling to have fun, not to make money or for sport.I get return customers all the time who play with me because they like me. I have one player who comes every single night. I have another very sweet couple who are regulars, and when I deal roulette they come in and play the numbers "17" and "20" every time because those are their lucky numbers. They'll bet the max amount and whenever they win, they tip big. The most I've ever seen anyone win at once is $50,000. You have to have an always-positive attitude, but overall dealing is a fun job. Normally we'll do an hour dealing, then we dance for 20 minutes, then we get a break for 20 minutes. It doesn't even feel like 20 minutes when you're dancing on the mini elevated boxes we have around the casino. There's always so much going on around me it makes the night go by faster. I don't have any signature dance moves - I just try not to fall off the box! We dance on top of boxes in the middle of the "pit" in the casino, so all the players can see us. To thrive in this sort of position, you need to have great people skills. You can't be shy because you're dancing in front of a bunch of people and when you're not dancing, you're communicating with them as a dealer. You have to be positive and happy so that your players feel good. To anyone who's interested in becoming a dancing dealer, I'd tell them it's not the easiest job, because dealing with a lot of people can be tiring. At the same time, it's a really fun job because you're meeting people from all over the world. I'd like to keep doing this as my job forever.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 14th, 2021

The AUKUS deal says more about US plans to take on China and Biden will admit

The AUKUS pact raises serious questions about the future relationship between the United States and most of its European allies. Royal Australian Navy diesel-electric submarine HMAS Waller in Sydney Harbor, November 2, 2016. PETER PARKS/AFP via Getty Images President Joe Biden is heading to the G-20 summit this month to mend rifts caused by the AUKUS security pact. The pact makes explicit US plans to aggressively challenge China, but in doing so, it risks further damaging core relationships. Grant Golub is a Ph.D. candidate studying US diplomatic history and grand strategy at the London School of Economics and Political Science. As President Joe Biden prepares to attend the G-20 summit in Rome at the end of this month, his recent decision to sign a new security agreement with Australia and Britain looms large.After this deal enraged France and caused a major diplomatic rift between Paris and Washington, the conference will be the president's first in-person opportunity to mend fresh wounds.Not only will Biden work to fix relations with French President Emmanuel Macron on the meeting's sidelines, but he'll aim to reassure his European counterparts on the US commitment to them as the contours of his China policy came into sharper focus.The president's approach, one characterized by competition and rivalry, will have profound implications for US grand strategy in the years to come.In September, Biden jointly announced with Prime Minister Scott Morrison of Australia and Prime Minister Boris Johnson of Britain the formation of a trilateral security pact. President Joe Biden, Australian Prime Minister Scott Morrison, and British Prime Minister Boris Johnson announcing the AUKUS security initiative, at the White House, September 15, 2021. Andrew Harnik/AP Under the AUKUS agreement, London and Washington will help Canberra develop nuclear-powered submarines and increase technological cooperation across a range of domains, including artificial intelligence and cyber capabilities. Australia will also explore hosting US bombers on its territory.Yet while the AUKUS deal is a huge step by itself in its attempts to help Washington complete its Asia pivot and bolster its regional security position, its potential broader implications are even more striking. This is true not just for Sino-American relations, but also for the broader shape of American foreign policy.The core of the AUKUS pact is the Anglo-American commitment to provide Australia with nuclear propulsion technology to power a new fleet of submarines.Nuclear power allows submarines to have limitless range, travel largely undetected, and is so superior to conventional fuel that Australia and the United States gambled the deal was worth enraging France, which had a previous contract to provide Australia with diesel-powered submarines. Biden and French President Emmanuel Macron speak ahead of the NATO summit in Brussels, June 14, 2021. Dursun Aydemir/Anadolu Agency via Getty Images However, this nuclear technology is one of America's most closely guarded secrets. Although the US has nuclear sharing agreements with key allies regarding the use of nuclear weapons, it barely exchanges nuclear materials or knowledge like this with any other nation.The United States last shared nuclear propulsion technology with an ally in 1958 under a major defense agreement with Britain after years of British political wrangling and the Soviet Union's successful launching of Sputnik. It took a massive crisis to convince American officials to relent on sharing this sensitive information, even with its closest ally.Since the end of World War II, nuclear nonproliferation has been a cornerstone of American grand strategy and foreign policy. Naturally, US officials have believed that if nuclear weapons spread and a greater number of states possessed them, there would be heightened risks of the United States being vulnerable to attack.Additionally, American policymakers have also been historically apprehensive about allies having independent nuclear arsenals or holding key nuclear information. If they did, the thinking went, they could possibly pull the US into conflicts it did not want to be involved in or operate more autonomously from Washington. US Navy nuclear-powered attack submarine USS Asheville and US 7th Fleet flagship USS Blue Ridge in the Philippine Sea. US Navy/MC2 Adam K. Thomas At the AUKUS deal announcement, the Australian prime minister made clear his nation was not seeking to build its own nuclear deterrent or acquire nuclear weapons. Nevertheless, for the Biden administration to cast aside Washington's historical commitments to nuclear nonproliferation means it views the China challenge and regional security in the Pacific as more pressing concerns.In other words, providing Australia with nuclear-powered submarines is a breach of a mainstay of American foreign policy for over the last seven decades. It's possible Washington could make similar decisions with other regional allies, like Japan or South Korea in the future, a worrying development.At the same time, the AUKUS pact raises serious questions about the future relationship between the United States and most of its European allies.While Australia, Britain, and the United States were negotiating this agreement, they decided to keep Paris in the dark since it involved cancelling France's previous submarine deal with Canberra.French President Emmanuel Macron was so infuriated with what he viewed as deception that he recalled France's ambassadors to both Australia and the United States, escalating the diplomatic rift created by the deal. The result was a blowup that has barely begun to heal and could further strain America's fracturing relations with some of its closest allies. Biden leaves after delivering remarks on the crisis in Afghanistan, at the White House, August 16, 2021. Anna Moneymaker/Getty Images The AUKUS announcement has exposed the continuing fissures in the Atlantic alliance.Combined with the apparent lack of consultation over the US exit from Afghanistan, it demonstrates there is more continuity between the Biden administration and its predecessor on the role of Europe in American foreign policy than Biden officials would likely care to publicly admit.Rightfully, it amplifies questions about how Washington views its European allies as it continues to pivot toward Asia and reorient US national security policy toward confronting Beijing.The AUKUS deal is about more than its details. In joining this pact, Washington has made it explicit it plans to aggressively challenge China in both rhetoric and policy. But in doing so, it risks further damaging core relationships with traditional partners and setting off a chain reaction that could spiral out of control.As the Biden administration plans its next moves in the delicate dance with Beijing, it should seriously rethink whether a hawkish US posture in the Pacific is ultimately worth the costs.Grant Golub is a Ph.D. candidate studying US diplomatic history and grand strategy in the Department of International History at the London School of Economics and Political Science. His research focuses on the politics of American grand strategy during World War II. He is also a Marcellus Policy Fellow at the John Quincy Adams Society in Washington, DC, and a project assistant for the Cold War Studies Project at LSE IDEAS, a university think tank. His writing has appeared in The Washington Post, Responsible Statecraft, and other leading publications. He tweets at @ghgolub.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 14th, 2021

Here"s Why AmerisourceBergen (ABC) is a Strong Value Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.How Style Scores Work with the Zacks RankThe Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.That's where the Style Scores come in.To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: AmerisourceBergen (ABC)Chesterbrook, PA-based AmerisourceBergen is one of the world’s largest pharmaceutical services companies, which focuses on providing drug distribution and related services to reduce health care costs and improve patient outcomes.ABC is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 11.28; value investors should take notice.For fiscal 2021, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $9.24 per share. ABC boasts an average earnings surprise of 5.4%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, ABC should be on investors' short list. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AmerisourceBergen Corporation (ABC): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksOct 13th, 2021

Here"s Why Exxon Mobil (XOM) is a Strong Momentum Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.How Style Scores Work with the Zacks RankThe Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.That's where the Style Scores come in.To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Exxon Mobil (XOM)ExxonMobil's bellwether status in the energy space, optimal integrated capital structure that has historically produced industry-leading returns and management's track record of capex discipline across the commodity price cycle make it a relatively lower-risk energy sector play.XOM is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.Momentum investors should take note of this Oils-Energy stock. XOM has a Momentum Style Score of A, and shares are up 12.2% over the past four weeks.For fiscal 2021, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.43 to $4.91 per share. XOM boasts an average earnings surprise of 63.4%.With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, XOM should be on investors' short list. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksOct 13th, 2021

Here"s Why National Fuel Gas (NFG) is a Strong Growth Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.How Style Scores Work with the Zacks RankThe Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.That's where the Style Scores come in.To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: National Fuel Gas (NFG)Founded in 1902, Williamsville, New York-based National Fuel Gas Company is an integrated energy company, which has natural gas assets located in the prolific Appalachian basin and oil-producing assets in California. The company operates through the following segments, namely Exploration and Production and Other, Pipeline and Storage and Gathering, and Utility and Energy Marketing.NFG is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.Additionally, the company could be a top pick for growth investors. NFG has a Growth Style Score of B, forecasting year-over-year earnings growth of 36% for the current fiscal year.For fiscal 2021, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $3.97 per share. NFG boasts an average earnings surprise of 9.6%.With a solid Zacks Rank and top-tier Growth and VGM Style Scores, NFG should be on investors' short list. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report National Fuel Gas Company (NFG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 13th, 2021

How to Find Strong Buy Consumer Discretionary Stocks Using the Zacks Rank

Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Zacks Rank. Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns.Enter the Zacks Rank.What is the Zacks Rank?The Zacks Rank is a unique, proprietary stock-rating model that utilizes earnings estimate revisions to help investors build a winning portfolio.There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.These four factors are assigned a raw score that's recalculated every night, which is then compiled into the ranking system. Stocks are classified into five groups using this data, ranging from "Strong Buy" to "Strong Sell."The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.These professionals manage the trillions of dollars invested in hedge funds, mutual funds, and investment banks, and studies have shown that they can and do move the market because of the large amounts of money they invest with. Thus, the market tends to move in the same direction as institutional investors.In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.With these changes, institutional investors will act, usually buying stocks with rising estimates and selling those with falling estimates. An increase in earnings expectations can potentially lead to higher stock prices and bigger gains for the investor.Because it can take a long time for an institutional investor to build a position -- sometimes weeks, if not months -- retail investors who get in at the first sign of upward revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.Let's take a look at Roku (ROKU), which was added to the Zacks Rank #1 list on August 28, 2021.Roku is the leading TV streaming platform provider in the United States based on hours streamed.Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2021, while the Zacks Consensus Estimate has increased $0.25 to $1.34 per share. ROKU also boasts an average earnings surprise of 506.1%.Earnings are forecasted to see growth of 1057.1% for the current fiscal year, and sales are expected to increase 60.5%.Additionally, ROKU has climbed higher over the past four weeks, gaining 1%. The S&P 500 is down 2.4% in comparison.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Roku should be on investors' shortlist.If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Roku, Inc. (ROKU): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 13th, 2021

How to Find Strong Buy Finance Stocks Using the Zacks Rank

Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Zacks Rank. Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns.Enter the Zacks Rank.What is the Zacks Rank?The Zacks Rank is a unique, proprietary stock-rating model that utilizes earnings estimate revisions to help investors build a winning portfolio.There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.These four factors are assigned a raw score that's recalculated every night, which is then compiled into the ranking system. Stocks are classified into five groups using this data, ranging from "Strong Buy" to "Strong Sell."The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.These professionals manage the trillions of dollars invested in hedge funds, mutual funds, and investment banks, and studies have shown that they can and do move the market because of the large amounts of money they invest with. Thus, the market tends to move in the same direction as institutional investors.In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.With these changes, institutional investors will act, usually buying stocks with rising estimates and selling those with falling estimates. An increase in earnings expectations can potentially lead to higher stock prices and bigger gains for the investor.Because it can take a long time for an institutional investor to build a position -- sometimes weeks, if not months -- retail investors who get in at the first sign of upward revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.Let's take a look at Evercore (EVR), which was added to the Zacks Rank #1 list on October 13, 2021.Headquartered in New York, Evercore Inc. is a premier global independent investment banking advisory firm. Founded in 1995, the company operates from its offices and affiliates in North America, Europe, the Middle East and Asia.Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2021, while the Zacks Consensus Estimate has increased $0.66 to $13.39 per share. EVR also boasts an average earnings surprise of 96.3%.Earnings are forecasted to see growth of 39.2% for the current fiscal year, and sales are expected to increase 24.7%.Additionally, EVR has climbed higher over the past four weeks, gaining 6.8%. The S&P 500 is down 2.4% in comparison.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Evercore should be on investors' shortlist.If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Evercore Inc (EVR): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksOct 13th, 2021

News From Shell & ExxonMobil Dominate Oil & Gas Stock Roundup

Apart from Royal Dutch Shell (RDS.A) and ExxonMobil (XOM) there was news from Suncor Energy (SU), Penn Virginia (PVAC) and Repsol (REPYY) during the week. It was a week wherein oil prices hit the highest in seven years but natural gas futures pulled back after topping $6 for the first time since 2014.On the news front, European supermajor Royal Dutch Shell (RDS.A) issued an update on its upcoming Q3 earnings, while American biggie ExxonMobil XOM boosted its estimate of discovered recoverable resources from the Stabroek block offshore Guyana.Overall, it was a mixed week for the sector. West Texas Intermediate (WTI) crude futures gained 4.6% to close at $79.35 per barrel, while natural gas prices fell 1% to end at $5.565 per million British thermal units (MMBtu). In particular, the oil market managed to maintain their forward momentum from the previous six weeks.Coming back to the week ended Oct 8, oil prices rose despite a bearish report from the Energy Information Administration ("EIA") that showed a build in crude and gasoline inventories. Instead, energy investors chose to concentrate on the market’s robust fundamentals and a supportive macro backdrop.Crude supplies recently fell to their lowest levels since October 2018, with U.S. commercial stockpiles down more than 16% since mid-March. There is also a marked improvement in fuel demand on the back of rebounding road and airline travel.Meanwhile, natural gas finished down following a higher-than-expected increase in supplies and the prospect of less weather-related consumption.Recap of the Week’s Most-Important Stories1.  Royal Dutch Shell expects a negative impact to its third-quarter earnings and cash flows, following disruptions in U.S. Gulf of Mexico production after Hurricane Ida swept through the region. The company lost about $400 million in income when the storm forced it to shut down several Gulf facilities for days and weeks. On a positive note, the European supermajor expects the prevailing strong commodity price environment to significantly boost its ‘Integrated Gas’ results.Shell released a preliminary report for the July-September period wherein the Anglo-Dutch biggie informed that the performance of the firm’s trading division, which was instrumental in helping the supermajor partly cushion the impact of the coronavirus-induced oil price slump, is likely to be sequentially higher for the Integrated Gas division and “similar” to the Oil Products business.According to the latest update, Shell’s upstream production fell by 6.4% on a year-over-year basis in the third quarter of 2021 at the midpoint of the guidance. Taking into account the storm-related outage of 90 oil-equivalent per day (MBOE/d), the supermajor is estimating its output in the range of 2,025 to 2,100 MBOE/d compared to 2,203 MBOE/d a year ago. (Shell Braces for Hurricane-Hit Q3 Amid Soaring Prices)2.   ExxonMobil announced that its estimate of discovered recoverable resources from the Stabroek Block has been raised. The block is located off the coast of Guyana.The energy giant has increased the estimate to approximately 10 billion oil-equivalent barrels. The company has included a new discovery at the Cataback-1 well in its updated resource estimate. Thus, the total key discoveries in the prolific offshore resource are now at more than 20, said the leading integrated energy player. With the drilling of the Cataback-1 well by the drillship Noble Tom Madden in 5,928 feet of water, the well encountered 243 feet of net pay in high-quality hydrocarbon bearing sandstone reservoirs.ExxonMobil said that the Guyanese economy is continuously being aided by the recent major discoveries and projects that are in progress. In the Stabroek Block, spreading across 6.6 million acres, ExxonMobil has a 45% interest along with operatorship. The remaining 30% and 25% stakes are in possession of Hess (HES) and CNOOC Petroleum Guyana Limited. (ExxonMobil Revises Stabroek Resource Estimate Upward)3   Suncor Energy SU recently announced that it took over as the operator of the Syncrude Joint Venture, a significant move toward increasing productivity and competitiveness across all its operations in the Regional Municipality of Wood Buffalo.The Calgary, Alberta based energy behemoth's optimism surrounding the Syncrude asset is reflected in its operatorship, which has the full backing of the Syncrude joint-venture owners and was first announced in the fourth quarter of 2020. It is part of a long-term strategy to improve the Syncrude asset's service quality, efficiency and profitability.Suncor purchased Canadian Oil Sands' stake in 2016 and has ever since been engaged with the other owners to identify methods for its improvement. Through acquisitions, the energy player has increased its shareholding in Syncrude from 12% to 58.74% since 2016. (Suncor Assumes Control of the Syncrude Joint Venture)4.   Penn Virginia PVAC completed its previously announced all-stock merger deal with Lonestar Resources US Inc. The company aims to officially rebrand itself as Ranger Oil Corporation, which will be in effect from Oct 18, 2021. The merged entity will begin trading under the ticker symbol of ROCC. The official rebranding is expected to complete by the end of 2021.Per the terms of the deal, Penn Virginia shareholders will now own 87% of the merged entity, while Lonestar shareholders will own the rest. The transaction strengthens Penn Virginia’s position as a leading Eagle Ford operator and will provide additional scale and synergies.The resources of both companies will create a consolidated asset position, which spreads about 140,000 net acres placed in the core of the Eagle Ford shale in South Texas. It is expected to have a production capacity of 40,000 barrels of oil equivalent per day. (Penn Virginia, Lonestar Complete All-Stock Merger Deal)5.  Repsol SA REPYY announced ambitious carbon-reduction targets, which will accelerate its clean-energy transition toward a net-zero emission future.Due to mounting pressure from investors to reduce emissions, energy companies have established various targets to increase renewable capacity and improve energy efficiency. Repsol was one of the early movers in this regard and possibly the first energy company to announce its non-binding plan to achieve carbon neutrality by 2050. The Spanish firm has now set targets to accelerate its transformation plan.Repsol boosted its 2030 renewable energy target by 60%. The company previously aimed for 5.2 gigawatt (GW) of renewables by 2025 and 12.7GW by 2030.  It currently plans to reach an installed capacity of 20 GW by 2030 and a target of 6 GW by 2025. (Repsol Lays Out Enhanced Renewable Energy Targets)Price PerformanceThe following table shows the price movement of some major oil and gas players over the past week and during the last six months.Company    Last Week    Last 6 MonthsXOM                +2.1%              +11.3%CVX                 +3.6%             +2.7%COP                +6.9%              +39.6%OXY                 +8%                  +32.1%SLB                 +4.3%              +15.9%RIG                  +2.6%              +14.1%VLO                 +6.8%               +6.8%MPC                +2.5%               +20.2%The Energy Select Sector SPDR — a popular way to track energy companies — was up 5.1% last week. The best performer was Houston-TX based upstream biggie Occidental Petroleum OXY whose stock climbed 8%.Over the past six months, the sector tracker has increased 13.9%. Upstream biggie ConocoPhillips COP was the major gainer during the period, experiencing a 39.6% price appreciation.What’s Next in the Energy World?As the global oil consumption outlook strengthens amid tightening fundamentals, market participants will be closely tracking the regular releases to watch for signs that could further validate the upward momentum. In this context, the U.S. government’s statistics on oil and natural gas — one of the few solid indicators that come out regularly — will be on energy traders' radar. Data on rig count from the oilfield service firm Baker Hughes, which is a pointer to trends in U.S. crude production, is closely followed too. News related to coronavirus vaccine approval/rollout/distribution will be of utmost importance. Finally, the closely watched monthly reports from three key agencies (EIA, OPEC and the IEA) complete the releases this week.  Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Suncor Energy Inc. (SU): Free Stock Analysis Report Repsol SA (REPYY): Free Stock Analysis Report Penn Virginia Corporation (PVAC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 12th, 2021

Adobe (ADBE) Buys Frame.io, Bolsters Video Editing Process

Adobe (ADBE) acquires Frame.io to create a collaboration platform and add strength to the video editing process. Adobe ADBE has been persistently expanding its portfolio of solutions on the back of strategic acquisitions.The company recently completed the acquisition of a leading cloud-enabled video review and collaboration platform named Frame.io, which testifies the above-mentioned fact.Frame.io’s solutions simplify the production procedure, and thus video editors and project stakeholders can seamlessly collaborate via leveraging cloud-first workflows.Combining Frame.io’s solutions with its creative software like Adobe Photoshop, Adobe Premier Pro, and other Adobe Creative Cloud applications, Adobe strives to provide a collaboration platform and add strength to the video editing process.With the combination of solutions of the companies, Creative Cloud customers, video editors, producers and marketers will reap the benefits from seamless collaboration on video projects.We believe that the latest move adds strength to Adobe Creative Cloud offerings, which in turn will likely drive growth in the company’s Digital Media segment.This will expand Adobe’s reach to customers. Frame.io’s huge customer base that includes the likes of Disney DIS, NASA, Snap SNAP, BBC, BuzzFeed, TED and Alphabet’s GOOGL Google is also expected to contribute well to Adobe’s top line.Market ProspectsWith the buyout of Frame.io, Adobe has positioned itself well to expand its presence in the booming visual collaboration platform software market.The market growth is attributed to the increasing adoption of visual collaboration platform software by organizations amid the coronavirus pandemic owing to the increasing work-from-home trend.According to a report by Verified Market Research, the global visual collaboration platform software market is expected to hit $17.17 billion by 2027, witnessing a CAGR of 13.5% between 2020 and 2027.Further, the acquisition has helped Adobe in strengthening its position in the video editing software market, which is growing due to the rising adoption of Over The Top platforms, an increasing number of YouTubers and social media influencers as well as growing usage of cloud-based video editing software.Per a report by Market Research.com, the global video editing software market is likely to touch $906 million by 2027 from $510 million in 2020, registering a CAGR of 8.7% during the 2021-2027 period.Expanding Portfolio of SolutionsApart from the latest move, Adobe has introduced a number of solutions with innovative capabilities to expand its offerings.Recently, it introduced Adobe PDF Extract API and Adobe Document Generation API for developers so that they can seamlessly build new and innovative document solutions.It also unveiled an advanced enterprise application named Real-time Customer Data Platform, designed for first-party data-driven customer acquisition and engagement.Further, the company added advanced capabilities in Experience Cloud to help retailers strategize for peak sales periods and provide more personalized customer experiences.We believe that these growing efforts by Adobe will contribute to top-line growth in the upcoming period. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Walt Disney Company (DIS): Free Stock Analysis Report Adobe Inc. (ADBE): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Snap Inc. (SNAP): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksOct 12th, 2021