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In Epic v. Apple’s final day, a glimpse of what comes next

Epic wants the judge to order Apple to open up the iPhone. Apple would like things to remain the way they are......»»

Category: topSource: washpostMay 25th, 2021

Newly discovered fossil footprints show humans were in North America thousands of years earlier than we thought

Researchers once thought humans couldn't have migrated down from Siberia into North America during the last ice age. New findings suggest otherwise. Some of the fossil footprints discovered in White Sands National Park. Courtesy of Sally Reynolds et al. Anthropologists found 60 fossilized human footprints in New Mexico that date back 23,000 years. The finding reveals humans occupied North America thousands of years earlier than we thought - and thrived on the continent during the last ice age. See more stories on Insider's business page. A new discovery offers definitive evidence that humans were in North America far earlier than archaeologists previously thought - a whopping 7,000 years earlier.Fossil footprints found on the shore of an ancient lake bed in New Mexico's White Sands National Park date as far back as 23,000 years ago, making them the oldest ever found in North America. That timing means humans occupied southern parts of the continent during the peak of the final ice age, which upends our previous understanding of when and how they moved south.The previous idea was that the first people to occupy North America crossed a land bridge that existed between modern-day Siberia and Alaska during the last ice age, between 26,500 and 19,000 ago. According to that theory, they would have had to settle near the Arctic because ice sheets covering Canada made it impossible for them to go south. Then later, once these glaciers melted between 16,000 and 13,500 years ago, the migration toward South America began. This new finding, however, "definitively places humans in North America at time when the ice sheet curtains were very firmly closed," Sally Reynolds, a paleoecologist at Bournemouth University in England and co-author of the new study, told Insider. David Bustos, the resources manager at White Sands National Park in New Mexico, discovered the tracks. Courtesy of Sally Reynolds et al. So most likely, Reynolds said, humans migrated south in multiple waves, and one of those was before the last ice age. Those early people may have even sailed down the Pacific coast. "Then more came down after the ice receded," Reynolds said.The finding was published Thursday in the journal Science, and the study also describes nearby tracks found from mammoths, dire wolves, and giant ground sloths - prey for ancient humans.The oldest known footprints in the Americas One of the oldest footprints discovered dates to about 23,000 years old. Courtesy of Sally Reynolds et al. Reynolds' team found 60 human footprints between 21,000 and 23,000 years old. The researchers estimated the tracks' age by dating microscopic seeds from an aquatic plant found in layers of lake sediment that sandwiched the prints."It's unequivocal evidence," Reynolds said. "The layers go seeds, footprints, seeds."The footprints are now the oldest in the Americas, taking over from a 15,600-year-old footprint found in Chile a decade ago.Most of the tracks belonged to teenagers and children, the team found, possibly indicating the youngsters played in the area while adults hunted and gathered.Reynolds said that before this finding, the earliest estimate as to when humans started occupying North America was 16,000 years ago.The only clue that people might have arrived earlier is a set of stone tools and artifacts found in remote Mexican cave. Archaeologists estimated that sediment ensconcing those artifacts was 32,000 years old, but that's not a trustworthy measure, Reynolds said. Artifacts can migrate up and down through sediment layers over time."Footprints, by contrast, are fixed on the landscape," Reynolds said. Humans could have traveled south by boat Researchers excavate human and animal trackways in White Sands National Park. Courtesy of Sally Reynolds et al. Reynolds said it's not yet clear how, exactly, humans traveled to the White Sands site - though there are several leading theories.One suggests they traveled down the west coast via an ice-free corridor of land. Another proposes that they came by boat, possibly sailing from modern-day Russia or Japan and then expanding south by hugging the Pacific Coast. Reynolds said she also thinks it's possible our ancestors might have crossed the continent then sailed down the Atlantic coast, before trekking to New Mexico. "There's this hovering question mark over the role of their seafaring skills," she said.Ancient humans in North America hunted giant sloths An artist's illustration of prehistoric humans in present-day New Mexico hunting a giant ground sloth. Alex McClelland / Bournemouth University This isn't the first remarkable discovery to come from the White Sands site."Its value goes far, far beyond the date of these new footprints," Reynolds said. Three years ago, her team uncovered a different set of human and animal tracks at the site dating back to about 15,500 years ago. Those footprints revealed an epic battle between predator and prey: A human was stalking a giant sloth."The human was walking right behind it," Reynolds said, adding, "and the sloth is absolutely not liking it."Giant ground sloths went extinct some 12,000 years ago. Around the same time, up to 90% of all large-bodied animals in the world, including mastodons, prehistoric horses, and ancient giant armadillos, also went extinct.Many archaeologists think that early humans in the Americas played an outsized role in that mass extinction there, given that it happened within a few millennia of their arrival."Humans show up and megafauna start dying," Reynolds said. "It seems like an obvious cause and effect relationship."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 23rd, 2021

Time To Say Goodbye To The Everything Bubble

Time To Say Goodbye To The Everything Bubble Authored by Egon von Greyerz via GoldSwitzerland.com, Will the autumn of 2021 be the end of the everything bubble? Are investment markets very soon coming to the end of market insanity? Since there is very little sanity left in markets or the in the world economy, we have now reached a point where we must accept madness as sanity, as George Bernard Shaw said: “When the world goes mad, one must accept madness as sanity; since sanity is, in the last analysis, nothing but the madness on which the whole world happens to agree.” George Bernard Shaw Investment markets today are all about instant gratification and getting rich quick. “Stocks always go up” and so does property in the everything bubble. Even the normally boring bond market has had a 40 year rise. And then we have the supercharged tech stocks, many of which have gained 1000s of percent in this century And we mustn’t forget the SPAC stocks (Special Purpose Acquisition Companies) or Blank Cheque Companies where shell companies are used to acquire existing companies to inflate their share price. None of these things are new of course. During the South Sea Bubble in the 1720s for example, companies were formed and capital raised with just the purpose of “Making Money”. We mustn’t forget the cryptocurrencies which are now worth valued at $2 trillion. They were just over $1 billion 8 years ago. Is that the bubble of the century like tulip bulbs in the 1600s or is it the money of the future. Well, most readers know or can guess my opinion on this! VALUE INVESTING & WEALTH PRESERVATION IS FOR “WIMPS” In a world where everything is based on “get rich quick” neither value investing nor wealth preservation enters the equation. Why worry about preserving your wealth when you could have made 14x your money on the Nasdaq since 2009 or 5,000x your investment on Bitcoin since 2011. Calling tops is a mug’s game. Some of us who look at risk have been worried about the everything bubble economy for quite a while. To us, since the end of the Great Financial Crisis in 2009, the world economy and asset markets have been an illusion. It is as if we are watching a virtual reality game in which some people automatically increase their wealth by millions or even billions of dollars every time they pass GO. But as the rich are getting richer, the masses are just getting poorer and more indebted. Although we see the wealth that has been acquired by many as an illusion that will soon evaporate, for the ones who have benefited, this is all very real. Anyone who believes that these gains are real and sustainable will have the shock of a lifetime in coming years. As I showed in a recent article about the End of the US Empire, the wealth of the 400 richest Americans has gone from 2% of GDP to 18% in the last 40 years. This concentration of wealth is of course spectacular but also very dangerous for the world. Trees can always grow taller but they never grow to heaven! AT THE END OF AN ERA – FALLS OF 90% So as Shaw said, we are now in “the madness on which the whole world agrees”. As I have often stated, I believe that we are at the end of a very major economic cycle. Not only are markets insane, but so are deficits, debts and currency debasements. But also moral and ethical values have now vanished into thin air and been replaced by lies, deceit and the golden calf. We are now in a very critical period for the world since excesses of the magnitude we are now seeing must be corrected. Exponential moves in one direction are always corrected. And the corrections will be of a similar magnitude to the rise but happen much quicker. We are talking about falls of 90% or more in all major asset and debt markets. Nobody believes such moves are possible with central banks and governments standing by with unlimited money printing combined with new Central Bank Digital Currencies that will save the world. ILLUSIONS ARE JUST ILLUSIONS We must understand that illusions cannot rescue the world economy.  This despite whatever concoctions central banks or Schwab (World Economic Forum) and his billionaire cronies come up with. Virtual illusions in the form of fake money or empty promises can never repay debt, nor can they change the laws of nature. Clearly all these “evil forces” will use their power to orchestrate fake resets to “save the world” in an attempt to tighten their grip on the world economy and the financial system. But a heavily indebted and fake system can never be reset in an orderly manner. In my view, any artificial or fake reset will only have a very limited effect. It is just not possible to solve a debt problem with more debt whatever way the PTB (Powers That Be) try to dress it in sheep’s clothing. So an orderly reset is bound to fail very quickly. A new digital Fiat and thus fake currency will not solve the world’s debt problem. Writing off the debt is just another illusory act. If you write off the debt, the assets on the opposite side of the balance sheet will also implode in value. And since the debt is leveraging the assets, they will have a very long way to fall. This is why asset implosions of 90-100% are very likely. Few people believe this to be possible but with debt collapsing so will the bubble assets which are all inflated by worthless debt. We must remember that the big stock market crash in 1929-32 saw the Dow lose 90% of its value. It then took 25 years for the Dow to get above the 1929 high. And today 92 years after that peak, debts, deficits, and asset bubbles are far greater than at the end of the 1920s. Below are a number of graphs that all point to the everything bubble. THE BUFFETT INDICATOR So there we have it, incontrovertible proof that this is the mother of all bubbles. But as we have learnt in this century, bubbles can always grow bigger and especially if we are looking at the end of a major super cycle which could be as big (or long) as 2,000 years. Nevertheless, the evidence keeps mounting of an epic asset bubble. In addition to the charts above that point to illusions never seen before in markets, we have a number of technical indicators that all point to the end of the everything bubble. In the chart below, the RSI (Relative Strength Index) momentum indicator for example topped in 2017 and the major rise in the Dow since then has not been confirmed by the indicator. This is a very bearish sign albeit not a short term indicator. Many other technical indicators including Elliott wave or Dow Theory all point to that a top to the everything bubble is imminent. Whether that means a top next week (which is possible), or in the next few months, time will tell. Some important cycle indicators point to potential turns between now and Sep 24. SURVIVING THE EVERYTHING BUBBLE IS ALL ABOUT PROTECTING FROM RISK But what is much more important than pinpointing the exact timing of the top is to understand the risk involved. If, as we believe, we are now at the end of the everything bubble, nobody needs to time it. Investors should understand the upside might be 10% and the downside 90%+. Who is foolish enough to accept such a risk? Maybe a 10% move up but a more certain 90% fall. We are talking about a fall in real terms. If we get hyperinflation stocks and other assets can rise in nominal terms but fall in real terms when measured in stable purchasing power, like gold. Well, that question is easy to answer. The whole investment world which has been spoilt by tens of trillions of dollars of fake money to fuel the Epic Everything Bubble will expect much more of the same in coming months or years. Yes, much more money will be created but this time it will have very little effect. Instead the dollar, euro, yen etc will accelerate the falls that we have seen since 1913. They have all fallen 98-99% since then and by similar percentages since 1971 when Nixon closed the gold window. The final 1-2% fall will soon start and take most currencies to their intrinsic value of ZERO. But don’t forget that this final fall is 100% from here. Remember that measuring your assets in for example dollars is a futile exercise in self indulgence. You are just flattering your investment skills when you measure your performance in a currency that has lost 98% since 1971 and 84% since 2000. If you use the same method in coming years, your paper wealth might look ok but be worthless in real terms. Just ask anyone who has lived in a hyperinflationary economy like Yugoslavia, Argentina or Venezuela.  So what is a Sleeping Beauty investment. Not difficult to guess. It is an investment that you can forget about for 100 years and when you wake up, it will have maintained its purchasing power. GOLD If we get the expected stock market crash, it is possible that gold and the precious metals continue to correct a bit further like in 2008. As opposed to today, gold had then had a major bull run from $250 in 1999 to $1,000 in 2008. Weak gold hands then needed to get liquidity against a crashing stock market and the everything bubble. Gold has now been in consolidation for years and there are a lot fewer speculative  investors compared to 2008. Therefore I expect a much smaller and shorter correction, if any. Coming back to the Sleeping Beauty, there is one investment which you could safely put away and forget about for 100 years. It is of course physical gold, safely stored. As long as you store gold in a safe place and safe country, you know that it will maintain  its REAL value as it has for 5,000 years.  Yes, there are fluctuations, but gold’s history tells us that it is not just the only money which has survived but also the only money which has maintained real purchasing power.  Gold today at $1,750 is as UNLOVED AND UNDERVALUED as in 1971 at $35 and in 2000 at $288.  I will continue to show the chart below until that situation is rectified. This reminds me of the Roman Senator Cato during the Punic Wars (around 150 BC) who finished every speech in the senate with “Furthermore I consider that Carthage must be destroyed”. In the end Cato got his way as Carthage was destroyed. I have no doubt that gold will soon rectify the current undervaluation and reach levels that few can imagine. This is what both technicals and fundamentals are clearly indicating. Tyler Durden Thu, 09/23/2021 - 06:30.....»»

Category: blogSource: zerohedgeSep 23rd, 2021

The 20 most popular books of all time, according to Goodreads members

Goodreads is the world's largest platform for readers to rate and review books. Here are the 20 most popular books of all time, ranked by Goodreads. When you buy through our links, Insider may earn an affiliate commission. Learn more. According to Goodreads, some of the most popular books of all time include "The Great Gatsby," "Pride & Prejudice," and "The Hunger Games." Amazon; Rachel Mendelson/Insider Goodreads is the world's largest platform for readers to rate and review books. Below are the 20 most popular books of all time, ranked by Goodreads members. Want more books? Check out the most popular books of 2021, based on Goodreads. Goodreads is the world's largest site for readers to rate and review their favorite books and authors, track their reading, participate in challenges, and discover new book recommendations. No matter what you like to read, you can find it on Goodreads along with tons of fellow readers who love the same books. With millions of ratings and community reviews, readers are encouraged to share their opinions to help others determine their next read. We used the number of ratings of each book to determine the most popular books amongst Goodreads members, so whether you're curious if your favorite book made the list or are looking for a new read with millions of recommendations, here are the top 20 most popular books on Goodreads. The 20 most popular books of all time on Goodreads: "Harry Potter and the Sorcerer's Stone" by J.K. Rowling Bookshop "Harry Potter and the Sorcerer's Stone" by J.K. Rowling, available on Amazon and Bookshop, from $6.98With nearly 8 million ratings, "Harry Potter and the Sorcerer's Stone" is the most popular book of all time on Goodreads and has sold over 120 million copies. In this first book of the "Harry Potter" series, readers meet a young orphan boy who learns he's a wizard and begins his magical training at Hogwarts, a special school for witches and wizards. "The Hunger Games" by Suzanne Collins Bookshop "The Hunger Games" by Suzanne Collins, available on Amazon and Bookshop, from $11.69With almost 7 million ratings on Goodreads, "The Hunger Games" is the first book in a young adult dystopian series where the country is divided up into districts that annually select one boy and one girl to fight to the death in a highly publicized arena. When Katniss's little sister is chosen for the games, she volunteers in her sister's place and immediately begins training before entering the deadly arena. "Twilight" by Stephenie Meyer Bookshop "Twilight" by Stephenie Meyer, available on Amazon and Bookshop, from $10.16"Twilight" is an iconic young adult vampire romance novel about a high school girl named Bella who falls in love with a mysterious boy named Edward and quickly finds out he's a vampire. As the threat of a nearby nomadic vampire looms, Bella chooses to be with Edward and discovers the secrets of his world, despite the nearly constant risks to her life.  "To Kill A Mockingbird" by Harper Lee Bookshop "To Kill A Mockingbird" by Harper Lee, available on Amazon and Bookshop, from $7.19"To Kill A Mockingbird" is an American classic from 1960, a Pulitzer Prize winner, and frequently voted as one of the best books of the 20th century. It's about a young girl named Scout who's growing up in a time of racial division, amplified as her lawyer father defends an innocent Black man wrongly accused of a horrible crime.  "The Great Gatsby" by F. Scott Fitzgerald Bookshop "The Great Gatsby" by F. Scott Fitzgerald, available on Amazon and Bookshop, from $5.97First published in 1925, "The Great Gatsby" is a classic Jazz Age novel about millionaire Jay Gatsby and his love for Daisy Buchanan. Narrated by Gatsby's neighbor, Nick Carraway, the novel follows Gatsby's shady business dealings, extravagant parties, and pursuit of Daisy's affection.  "The Fault in Our Stars" by John Green Bookshop "The Fault in Our Stars" by John Green, available on Amazon and Bookshop, from $6.10In this absolute tear-jerker, Hazel is battling a terminal cancer diagnosis, offered a few extra years by a miracle medical advancement. In her cancer support group, she meets Augustus Waters and they immediately begin to fall for each other in this tragic and beautiful young adult love story.  "1984" by George Orwell Bookshop "1984" by George Orwell, available on Amazon and Bookshop, from $7.48In this novel predicting a dystopian future from its original publication in 1949, Winston Smith is living in a totalitarian world defined by strict mass surveillance and inundating propaganda. Winston works at the Ministry of Truth, rewriting history to fit the government's narrative, and can't help but wonder what the world was truly like before the revolution.  "Pride and Prejudice" by Jane Austen Bookshop "Pride and Prejudice" by Jane Austen, available on Amazon and Bookshop, from $5.47"Pride and Prejudice" is an 1813 romantic classic about Elizabeth Bennet, a young woman who is pressured to marry a wealthy man in order to provide for her family. She meets the brooding Mr. Darcy, with whom she begins a witty but civilized sparring banter as they slowly fall for each other in this novel about the influences of class and the importance of being true to yourself.  "Divergent" by Veronica Roth Bookshop "Divergent" by Veronica Roth, available on Amazon and Bookshop, from $8.46In the dystopian science fiction world of "Divergent," all 16-year-olds must devote themselves to one of five factions in society, each dedicated to a virtue. Beatrice Prior is torn between staying with her family and being true to herself, so she makes a daring and shocking decision, thrusting her into an intense initiation and transformation while keeping a potentially deadly secret and discovering the growing conflict within her seemingly flawless society.  "Harry Potter and the Prisoner of Azkaban" by J.K. Rowling Bookshop "Harry Potter and the Prisoner of Azkaban" by J.K. Rowling, available on Amazon and Bookshop, from $8.78When a murderer named Sirius Black escapes the wizarding world's highest security prison, rumor says he's headed to kill Harry since the dark Lord Voldemort's downfall was his as well. Even with the soulless prison guards searching the castle for Sirius, danger seems to follow Harry at every turn.  "The Hobbit" by J.R.R. Tolkien Bookshop "The Hobbit" by J.R.R. Tolkien, available on Amazon and Bookshop, from $14.37This fantastical classic introduces readers to magical Middle-Earth where Bilbo Baggins, a hobbit, sets out on a quest to win a treasure guarded by a dragon. Initially written for the author's children, this adventure novel is a prequel to the epic "Lord of the Rings" series and is a charming favorite with over three million ratings and 1.6 million five-star reviews on Goodreads.   "Harry Potter and the Deathly Hallows" by J.K. Rowling Bookshop "Harry Potter and the Deathly Hallows" by J.K. Rowling, available on Amazon and Bookshop, from $9.98In the final book of the "Harry Potter" series, Harry and his two best friends are on a cross-country journey to find the final answers that will help them defeat the dark wizard Lord Voldemort. Cumulating in an epic and devastating battle at Hogwarts, this intense novel closes the fantastical series with a shocking and emotional resolution.  "Animal Farm" by George Orwell Bookshop "Animal Farm" by George Orwell, available on Amazon and Bookshop, from $7.48"Animal Farm" is a classic satirical novel about a group of mistreated farm animals who rebel against the human farmer to take over the farm and attempt to create a system where all animals are free and equal. But when the community is betrayed and collapses under a single dictator, the animals' hopes for equality diminish.  "The Diary of a Young Girl" by Anne Frank Bookshop "The Diary of a Young Girl" by Anne Frank, available on Amazon and Bookshop, from $7.35Written by Anne Frank during the Nazi occupation of Holland, this diary is a firsthand, nonfiction account of the two years Anne and her family spent hiding in a secret annex of an old office building. With thoughtful insight and emotional impressions of the time, Anne's diary is a testament to her courage during the final years of her life.  "Harry Potter and the Chamber of Secrets" by J.K. Rowling Bookshop "Harry Potter and the Chamber of Secrets" by J.K. Rowling, available on Amazon and Bookshop, from $6.98Before returning to Hogwarts for his second year of school, Harry receives an ominous message of the danger that awaits him if he's to return. Needing to escape his dreadful aunt and uncle, Harry ignores the warning and happily returns to school — until students begin to turn to stone and a strange voice in the wall means Harry might be the only one who can save them. "The Catcher in the Rye" by J.D. Salinger Bookshop "The Catcher in the Rye" by J.D. Salinger, available on Amazon and Bookshop, from $5.21"The Catcher in the Rye" is a young adult classic about a 16-year-old boy named Holden Caulfield and his three-day adventure through New York City. Heavily impacted by his experiences, Holden is an example of teenage rebellion as he navigates complex feelings about innocence, connection, and loss.  "Harry Potter and the Goblet of Fire" by J.K. Rowling Bookshop "Harry Potter and the Goblet of Fire" by J.K. Rowling, available on Amazon and Bookshop, from $6.92In this fourth book of the "Harry Potter" series, Hogwarts is one of three schools participating in a Triwizard Tournament where one representative witch or wizard from each school must complete three extremely challenging tasks. When Harry's name is picked in addition to the three competitors, he must compete in the tournament, despite not knowing how he was entered.  "Angels & Demons" by Dan Brown Bookshop "Angels & Demons" by Dan Brown, available on Amazon and Bookshop, from $16.20"Angels & Demons" is the first book in the "DaVinci Code" series, a thrilling mystery novel where readers meet world-renowned symbologist Robert Langdon as he's called to help explain the mysterious symbols left seared into the chest of a murdered physicist. His research takes him through an intense investigation that leads him towards a deadly vendetta from the Illuminati.  "The Girl with the Dragon Tattoo" by Stieg Larsson Bookshop "The Girl with the Dragon Tattoo" by Stieg Larsson, available on Amazon and Bookshop, from $9.19In this international psychological thriller, Henrik Vanger is a billionaire whose niece disappeared over 40 years ago. Still searching for answers, he hires Mikal Blomkvist, a renowned journalist who recently lost a libel lawsuit, along with Lisbeth Salander, a mysterious but brilliant computer hacker. As the duo digs deeper into the investigation, they uncover a complex weave of family and financial secrets in this captivating Swedish thriller.  "Catching Fire" by Suzanne Collins Bookshop "Catching Fire" by Suzanne Collins, available on Amazon and Bookshop, from $7.98The second book in the "Hunger Games" saga follows Katniss and her public love interest, Peeta, after their historic arena win. Though they should be celebrating, rumors of a growing rebellion infuriate the Capitol and threaten their safety in this fast-paced, science-fiction sequel. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 21st, 2021

July Marks Four Straight Months of Gains

July Marks Four Straight Months of Gains Last night’s deluge of big tech earnings eventually helped stocks advance in Friday’s session, capping off a fourth straight month of gains for the indices despite this ongoing pandemic. For all the talk in recent weeks of tech coming under pressure, the NASDAQ still easily outperformed its counterparts in July with a healthy advance of 6.8%. Meanwhile, the S&P gained 5.5% in the month and the Dow increased 2.4%. Those were better monthly performances than June! The market was still buzzing today about Thursday nights strong reports from tech leaders Apple (AAPL), Facebook (FB), Amazon (AMZN) and Alphabet (GOOG). Each company beat expectations despite coronavirus challenges. The biggest reaction was for AAPL, which soared approximately 10.5% after reporting its best third quarter ever and initiating a 4-for-1 stock split. FB wasn’t too far behind with an advance of nearly 8.2%. AMZN rose a respectable 3.7%, while GOOG fell after announcing its first quarterly revenue loss ever (though it still beat expectations). As solid as these reports were, it didn’t look like they would have legs on Friday as the Dow and S&P each spent most of the session in the red. The former index plunged by as much as 300 points at its worst. However, stocks had no fear of the weekend this time and darted sharply higher late in the day, led by the NASDAQ (of course). The index spent most of its time on the plus side, though it did bounce around quite a bit. The end result was a surge of 1.49% (or around 157 points) to 10,745.27. The S&P advanced 0.77% to 3271.12, while the Dow recovered from its earlier sluggishness to rise by 0.44% (or nearly 115 points) to 26,428.32. The S&P and NASDAQ were also higher for the week. Now the coronavirus relief bill will gain urgency in the news flow as the current benefits are just about done. Congress had all week to figure something out, but we’re still waiting. If this were an economic report, we’d say that Washington “met expectations”, because no one really believed they would get anything done in a timely manner. However, they are expected to have something sooner or later, especially since the economic reopenings haven’t been going as smoothly as hoped lately given the spike in coronavirus cases. This is an election year, after all! Well, we knew this would be a hectic week with hundreds of earnings reports, a Fed meeting and a read on GDP. It didn’t disappoint! It was extremely busy… but mostly positive. And we’re not going to get a break anytime soon. We’ll see hundreds more earnings reports next week, as well as plenty of economic data that culminates with next Friday’s employment situation report. And no one knows what surprises Congress will have for us. So get a good rest this weekend and be ready to start a new month on Monday…. Today's Portfolio Highlight: Insider Trader: We’ve all heard of the trouble Intel (INTC) is having right now. Shares have plunged recently after the chipmaker delayed its 7nm chip by at least a year. However, one day after announcing that delay, the CEO bought over 8000 shares at $50 through the 10b5-1 program. Tracey considers this to be a ‘CEO confidence buy’. In other words, he’s buying shares after some bad news to show that he still believes in the company and wants to take advantage of a bargain price. This portfolio followed him on Friday by adding INTC with a 10% allocation. Read the full write-up for more on the editor’s move. Surprise Trader: The final pick of this insanely busy week of earnings was Benefitfocus (BNFT), a cloud-based software solutions company that will be going for its tenth straight quarterly beat on Wednesday, August 5 after the bell. It just so happens that this Zacks Rank #2 (Buy) has a positive Earnings ESP of 6.25% for that upcoming report. It topped by more than 19% last time. Dave added BNFT on Friday with a 12.5% allocation, while also selling the underperforming MaxLinear (MXL). Read the full write-up for more. Value Investor: The housing market is strong and healthy these days, so Tracey got back into the homebuilders on Friday by adding M.D.C. Holdings (MDC). The company reported a ‘blowout’ quarter recently as the months of May and June have been epic for this space after a slowdown in April. The editor added this name in particular because its substantial cash flow allowed for a dividend hike of 10%. It now has one of the highest yields in the space at 2.9%. But that’s not all…  Tracey also wanted a piece of the gold surge, so she added Zacks Rank #2 (Buy) mid-cap Canadian gold miner B2Gold (BTG). The stock is up 71% year to date and earnings estimates are on the rise. Along with a PEG of just 0.8%, BTG is a rare value stock that is also growing. The company reported several quarterly records in the first quarter and is scheduled to go to the plate again on August 5 after the close. Read the complete commentary for a lot more on these new buys, including specifics on their value characteristics. By the way, this portfolio had the best-performing stock of the day among all ZU services as Pinterest (PINS) soared 36.1% after a surge in user growth in its second quarter. Technology Innovators: Not every tech/biotech play is a drug maker. Take Simulations Plus (SLP) as an example. This Zacks Rank #2 (Buy) develops drug discovery and development simulation software, which is used in drug research by major pharma and biotech companies. SLP has beaten the Zacks Consensus Estimate in three of the past four quarters. The most recent report beat expectations by 233%. Brian doesn’t expect the growth to slow here and sees a 25% operating margin. However, if the margin moves to 35%, then shares of SLP could double. Read the full write up for more. Have a Great Weekend! Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Dow Goes Green for 2020 To Finish a Solid Week of Gains

Dow Goes Green for 2020 To Finish a Solid Week of Gains It’s about time the Dow had something to brag about! The other guys have been setting new records all week (including today), but now this index can boast of being positive for 2020. The Dow gained 0.57% (or about 161 points) on Friday to finish at 28,653.87. That puts it less than 900 points from a new high… and we know how quickly this market (and this index for that matter) can make up lost ground.    And the highs just keep on coming for the other indices. The S&P climbed 0.67% to 3508.01. The index made history each day this week. In fact, its record-breaking winning streak is now 6 days.   Can you handle another milestone? This was the first close above 3500 ever. The NASDAQ took a break yesterday from all the fun, but was back at it on Friday. It rose 0.60% (or around 70 points) to a new high of 11,695.63. It was a great end to a fabulous week, which saw the NASDAQ rise 3.4%, the S&P improve 3.3% and the Dow advance 2.6%. The market has been enjoying good news on two important fronts lately: the Fed and the fight against the coronavirus. Yesterday, Chair Jerome Powell let us know that these historically low rates will probably be around even longer than we thought… and we already expecting a nice long stay down here. Basically, they’re going to let inflation move moderately above 2% for “some time” before making any moves. Recent days have also seen good news on a vaccine candidate from Moderna (MRNA) and a coronavirus test from Abbott Labs (ABT). And this all comes at a time when cases have moderated. August is going to be the market’s fifth straight month of gains! Actually, its going to be the best monthly performance since April, when the market bounced back from the initial shock of the pandemic shutdowns. The NASDAQ and the Dow go into the final day of August on Monday with advances of more than 8% each. And the S&P is up approximately 7.2%. Today's Portfolio Highlights: Value Investor: The housing market is one the hottest areas of the economy right now, so Tracey added a name on Friday that serves the space. She picked up American Woodmark (AMWD), which is one of the largest kitchen cabinet companies in North America. It’s two business segments are homebuilders and home remodeling businesses. Earlier this week, the company reported $1.66 per share for its fiscal first quarter, topping the Zacks Consensus Estimate by 7.1%. Sales were down 8.7%, but that’s better than expected given a 2-week disruption in Mexico. In addition to solid value characteristics, AMWD has soared nearly 36% in the past three months though is still down 15.7% year to date, so there’s plenty of running room here. And rising earnings estimates have made the stock a Zacks Rank #1 (Strong Buy). Read the complete commentary for a lot more on this new buy. Counterstrike: Usually, Jeremy waits for a nice, fat pullback to pick up stocks before their next turn higher. However, this market isn’t cooperating as the epic runup continues. Therefore, he added Dicks Sporting Goods (DKS) on Friday with a small 4% allocation since the Zacks Rank #1 (Strong Buy) hasn’t declined that much. The portfolio will add more on any further weakness. DKS recently reported a “blowout quarter” with an earnings surprise of 158% and same-store sales growth of 20.7%. Meanwhile, this ever-increasing market is making it near impossible to short anything, so the editor also covered Chewy (CHWY) and ProShares UltraPro Short QQQ (SQQQ) today. Read the full write-up for more.  TAZR Trader: Shares of Quidel (QDEL) have gotten shellacked in recent days, but all Kevin can see is a bargain price for an innovative medical diagnostics innovator. The company has several covid tests that have been fast-tracked by the FDA, so pullbacks are opportunities in this stock while we still have to deal with this pandemic. In its recent quarter, QDEL beat the Zacks Consensus Estimate by 66%. And full-year 2020 projections are calling for earnings growth of more than 250% and revenue growth over 100%. The editor added the stock on Friday with a 5% allocation and would add more on any dips to approximately $140. Read the full write-up for tons more info on QDEL, including bullet points on the company’s potential and statements from management after a recent conference. Have a Great Weekend! Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

September Breaks the Market"s Five-Month Run

September Breaks the Market's Five-Month Run SPECIAL ALERT: Remember, we need your input to make next week’s new Zacks Ultimate Strategy Session episode the best it can be. There are two ways you can participate: 1) Zacks Mailbag: In this regular segment, Kevin Matras answers your questions ranging from current market conditions, general investing wisdom, usage of the Zacks Rank or any resources of Zacks.com and more. Pretty much anything goes.    2) Portfolio Makeover: Sheraz Mian and Dan Laboe review a customer portfolio to give feedback for improvement. No need to send us personal information such as dollar value of holdings. Simply email us with all of the tickers you own. Just make sure to email your submissions for either one, or both, by Thursday morning, October 1. Email now to mailbag@zacks.com. The market rose in four of the last five sessions, but it was too late to save September and keep its five-month winning streak alive. Remember how we were all in such a good mood when this month began? The NASDAQ and S&P were making new records almost daily amid an accommodative Fed and optimism over a coronavirus vaccine. Meanwhile, technology couldn’t be stopped! And then came September. The month really lived up to its reputation as the toughest period of the year for stocks. It even knocked technology out of its leadership position. The market simply got too hot for investors. Soaring 50% in 5 months is enough to give anybody heartburn, especially with the coronavirus still lingering and even spiking, and without new stimulus from Washington.   Therefore, the NASDAQ dropped approximately 5.4% in the 30 days, while the S&P was off about 4% and the Dow dipped 2.3%. It was the first monthly loss since March. Fortunately, stocks have been moving mostly higher in the past week, including today. If it weren’t for these better-late-than-never rallies, the monthly losses would have been much worse. As for Wednesday, the Dow advanced 1.2% (or about 330 points) to 27,781.70. The S&P was up 0.83% to 3363 and the NASDAQ rose 0.74% (or about 82 points) to 11,167.51. Stocks moved sharply lower in the final hour, probably because Capitol Hill still can’t reach a deal on more stimulus. However, there is a plan on the table. Also, Speaker Pelosi and Treasury Secretary Mnuchin will continue talking. Meanwhile, the ADP employment report stated that private companies added 749,000 jobs in September, which beat expectations of around 600K. This ends two straight months of this report missing expectations. It’s also the first of two big jobs reports being released this week. The Government Employment Situation comes out on Friday. See you later September! We actually got off rather easy considering the epic runup over the previous several months. Let’s see what October has in store for us… Today's Portfolio Highlights: Commodity Innovators: Storms in the Midwest have beaten up a good grain crop and constrained supply, which we all know means prices will move higher. Jeremy capitalized on the situation with a couple of moves on Wednesday. First, he added Teucrium Soybean Fund (SOYB) since beans are already up 3% and will likely move even higher. The editor also picked up fertilizer company Nutrien (NTR), since this space will correlate with grain prices. The stock also pays on a nice 4.6% dividend. Jeremy sees SOYB as a mid-term name and NTR as longer term. Read the full write-up for more on today’s moves.  Home Run Investor: Earnings estimates for Hibbett Sports (HIBB) moved sharply higher after this sporting goods retailer posted a positive earnings surprise of 69% in its most recent report. As a result, the stock is now a Zacks Rank #1 (Strong Buy). Brian is most impressed with a 75% topline growth combined with a low valuation. And there could be even more earnings improvement moving forward with margins jumping to 5.4% from 1.6%. Read the full write-up for a lot more on today’s addition of HIBB. Have a Good Evening, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Rally Stumbles, but Stocks Stay Positive for Another Week

Rally Stumbles, but Stocks Stay Positive for Another Week If the market finishes positive for the week despite a three-day losing streak… then we should consider it a success. Even if those “gains” are mighty hard to see. These five days looked like they would be bookended with a couple real nice rallies. However, the final hour or so of Friday’s session left the indices hanging onto the green by their fingernails. In the end, the NASDAQ advanced 0.8% for the week, while the S&P was up 0.2% and the Dow advanced 0.07%. In more normal circumstances, those final two performances would be considered “breakeven”. But, hey, we’re in a pandemic! We need to take good news wherever we can find it. And we did get some good news this morning when U.S. retail sales blew past expectations to advance 1.9% in September. The consumer makes up the bulk of this economy, so such a report is a great relief to a market that’s still waiting for more stimulus. It’s also a nice counterpoint to yesterday’s disappointing jobless claims number. Stocks appropriately rose on the news and stayed there most of the day. But the last hour ruined it as tech sold off and options expiration wreaked havoc. The Dow finished higher by 0.39% (or around 112 points) to 28,606.31. Remember how big a story Boeing (BA) was back in the day? Well, the airplane maker rose 1.9% on Friday after European regulators said the beleaguered 737 Max was now safe. And Pfizer (PFE) advanced 3.8% after the drugmaker plans to pass safety milestones for its vaccine candidate as soon as next month. The other indices had a tougher time. The S&P stayed in the green, but only by 0.01%. In other words, it advanced less than half a point to 3483.81. Nevertheless, this index and the Dow snapped three-day losing streaks. The NASDAQ, though, has a four-day skid now as it slipped 0.36% (or about 42 points) to 11671.56. That makes four weeks of gains for the NASDAQ, and three weeks for the Dow and S&P. Who knows what – if anything – will happen with the stimulus next week. But we do know that earnings season will heat up with about 520 companies reporting. Some of the big reports in the coming days include IBM (IBM) on Monday, Netflix (NFLX) on Tuesday, Tesla (TSLA) on Wednesday and Intel (INTC) on Thursday. Today's Portfolio Highlights: Value Investor: The home furnishings space is hot right now, which means most names are pretty expensive. But Tracey found one that will help this portfolio benefit from the multi-year housing boom at a reasonable price. Herman Miller (MLHR) is known for office furniture, but it’s much more than that these days after buying upscale furniture brand Design Within Reach and the Danish lower price point retailer HAY. In its fiscal first quarter, retail was up 40% with the home office category understandably soaring by 300%. Also, web sales were up 248%. Of course, office sales are still down, but this pandemic won’t last forever. Unlike many home furnishings companies right now, MLHR is still cheap. It also recently reinstated its dividend and has plenty of liquidity. Read the full write-up for a lot more on this new addition. Surprise Trader: This first week of earnings season ends with the addition of Altra Industrial Motion (AIMC), a Zacks Rank #2 (Buy) manufacturer and distributor of motion control, electromechanical power transmission and automation products. The company has an Earnings ESP of 2.04% for the quarter scheduled before the bell on Friday, October 23. It is coming off two quarters of double-digit earnings surprises. Dave added AIMC on Friday with a 12.5% allocation, while also selling Commercial Metals (CMC) for 1.3% in 10 days. Read the full write-up for more on these moves.  Technology Innovators: Shares of Advanced Energy Industries (AEIS) began moving higher after reporting a beat-and-raise quarter back in early August. However, the stock got caught up in the downdraft of that SoftBank situation. Now the stock is charging back, and Brian wants to be a part of the move. This Zacks Rank #2 (Buy) is a power technology company that supplies power subsystems and process-control technologies to the semiconductor industry. AEIS has a great earnings history, which includes an average surprise of 39% over the past four quarters. The editor also likes its valuation for a chip name. He added AEIS on Friday. See the complete commentary for more on this addition. Blockchain Innovators: A highly-ranked company from a strong industry that actively seeks out new technology? That’s pretty much the perfect candidate for this portfolio! And that’s what Dave added today with Cowen Group (COWN), a Zacks Rank #1 (Strong Buy) from the Financial – Investment Bank space (top 12% of the Zacks Industry Rank). COWN loves to invest in emerging technologies, such as bitcoin and other cryptocurrencies. In addition to this new buy, the editor also sold the idling PFSweb (PFSW) for a 5.1% return in about four months. The complete commentary has more on today’s action. In other news, this portfolio had a top performer on Friday as iClick Interactive Asia Group (ICLK) rose 4.7%. Insider Trader: One of the biggest stories among all ZU portfolios of late has been the epic turnaround of Bed Bath & Beyond (BBBY). In fact, this specialty retailer of domestic merchandise and home furnishings is currently the best-performing stock among all Zacks services over the past 30 days with a surge of 93.6%. Well, Tracey doesn’t want to get too greedy... or leave any money on the table. Therefore, the editor sold half of BBBY on Friday for a an approximately 170% return in just under three months. The stock has been getting a lot of attention from places like CNBC recently, which might be a signal that it’s ready to take a break. However, Tracey wants to hold onto some of this winner for its Investor Day on October 28 because it might provide another upside catalyst. Have a Great Weekend! Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Market Steps Back as Morning Rally Fades

Market Steps Back as Morning Rally Fades The major indices set intraday highs at the opening bell on Tuesday, but the record-setting pace couldn’t be sustained and stocks moved modestly lower in the penultimate full session of 2020. The NASDAQ slipped 0.38% (or nearly 50 points) to 12,850.22, while the S&P was off 0.22% to 3727.04. The Dow was also down 0.22% (or about 68 points) to 30,335.67. The latter two indices snapped three-day winning streaks. All three of them started the session at all-time highs after yesterday’s rally. With stocks set for impressive gains this year despite unprecedented craziness, it’s not much of a surprise that investors may want to coast a bit into the finishing line. If we’re looking for a reason for today’s slide, you could blame at least part of it on the Senate blocking a House-approved measure to increase the stimulus checks to $2000 from $600. Investors would like Americans to have as much money as possible as we wait for the vaccines to take hold amid a rise in coronavirus cases. However, the market didn’t hyperventilate from the headline as we know it can when it gets anxious. In fact, stocks came off their lows and chopped around for the rest of the session. For now, Wall Street seems content with the stimulus package, the vaccines and the epic bounce off the coronavirus lows from late March. Let’s see how long that lasts as we move into the New Year. As far as the current year is concerned, we have about a day-and-a-half left. That’s enough time to add a little bit more to those yearly totals… Today's Portfolio Highlights: Counterstrike: One of 2020’s hottest stocks was The Trade Desk (TTD), a technology platform for advertising that soared to $972 from $200. However, end-of-the-year positioning has pulled the stock below $800... and therefore right into Jeremy’s sights. TTD is still a Zacks Rank #1 (Strong Buy), so the editor picked it up on Tuesday with a 5% allocation. The portfolio also sold Pinterest (PINS) today for a 23.4% return in less than two months. Read the full write-up for more on today’s moves. Large-Cap Trader: New Year’s is a great time for new ideas, which is exactly what John has been doing in this portfolio. Last week, he sold the top eight names for some big profits and today he swapped out three positions. The service got out of Jabil (JBL, +8.9%), Tapestry (TPR, +2.1%) and Lab Corp. of America (LH, +1.7%), which were all added on November 24. Take that cash and spread it equally over these three new buys: • HP Inc. (HPQ) – a Zacks Rank #2 (Buy) • Target (TGT) – a Zacks Rank #1 (Strong Buy) • WestRock (WRK) – a Zacks Rank #1 (Strong Buy) These names are major players in computer hardware, Internet retail and paper packaging products, respectively. In addition to strong Zacks Ranks, they are also high up in the Zacks Industry Rankings and have impressive histories of earnings surprises with double-digit average beats over the past four quarters. Make sure to read the full write-up for more on these moves.  Insider Trader: The momentum stocks in the portfolio have been sliding lately, so Tracey decided to exit them on Tuesday and take double-digit profits in three names. She sold Arlo Technologies (ARLO) for a 47.9% profit in a little over a month, American Outdoor Brands (AOUT) for 22.6% in three months and Enterprise Products Partners (EPD) for a 15% return in a little over three months. Learn more in the full write-up and be ready for a new buy tomorrow.   Zacks Short Sell List: The portfolio made four changes in its final adjustment of the year. The stocks that were short-covered on Tuesday included: • SolarEdge (SEDG, +6%) • Netflix (NFLX,) • Ceridian HCM (CDAY) • Shift4 Payments (FOUR) The new stocks that were added to fill these open spots were: • Alteryx (AYX) • ConocoPhillips (COP) • Las Vegas Sands (LVS) • Visa (V) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short Sell List Trader Guide. By the way, this service easily had the best performer of the day among all ZU names as the Arcturus (ARCT) short soared 54.17%. All the Best, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

S&P Hits Record Close as Tech Earnings Continue to Impress

S&P Hits Record Close as Tech Earnings Continue to Impress There's no stopping Big Tech's strong quarterly results, which allowed the S&P to finish at a new closing high on Thursday after stocks drifted upward in the back half of the session. The index rose 0.68% to 4211.47. This month has now seen the S&P’s first close above 4,000 (April 1), first close above 4100 (April 9) and now the first close above 4200 (today). Meanwhile, the Dow advanced 0.71% (or just about 240 points) to 34,060.36 and the NASDAQ increased 0.22% (or around 31 points) to 14,082.55. FAANG Week has been awfully strong… even if the market doesn’t always respond positively. Case in point, Apple (AAPL) couldn’t escape the post-earnings blues. The company’s first quarter report last night was stellar with earnings beating the Zacks Consensus Estimate by 40% and sales surging nearly 54%. iPhone sales jumped more than 65%! And yet shares were down 0.07% today. Go figure! Fortunately, Facebook (FB) went against the grain. The social media pioneer surged 7.3% on Thursday after its own epic first-quarter report yesterday that included a positive earnings surprise of 40% and revenue growth of 48%. It’s enjoying an increase in ad revenue with the economy getting back on track. And now we’ve got e-commerce giant Amazon (AMZN) reporting after the bell today… and concluding a week of strong FAANG reports. The company beat the Zacks Consensus Estimate by nearly 62%, while revenue surged 44% to $108.5 billion. Shares of AMZN are up approximately 3.5% afterhours, as of this writing. In other news on Thursday, jobless claims reached 553,000 last week, which was below 600K for a third straight print. Also, Q1 GDP increased 6.4%, which fell short of expectations as well but showed a strong start to the year. Both of these results suggest the economy is ready to take off as the pandemic recedes. The major indices go into Friday’s session with slight gains for the week. The S&P is out front with an advance of about 0.7% over the four days, but the Dow is only up around 16 points. Stocks are coming off a modestly lower week that saw all the major indices snap winning streaks. However, the monthly gains heading into the final day of April are much more substantial with the S&P and NASDAQ each up by about 6%. Friday will be the quietest day of the week for earnings, but we’ll still be hearing from ExxonMobil (XOM), Chevron (CVX), AbbVie (ABBV) and Astrazeneca (AZN), among dozens of others. Today's Portfolio Highlights: Insider Trader: For the first time in the history of this service, Tracey noticed some insider trading at Chipotle (CMG). A director bought 230 shares in mid-March and then another director bought 673 shares last week. With CMG trading at approximately $1500, that second purchase comes to more than a million dollars! It’s bullish to see insiders buy when the stock is trading near all-time highs. Therefore, the editor added this quick-casual Mexican food chain on Thursday with a 10% allocation. Meanwhile, a strong quarterly report is no guarantee of a rise in the stock. So Tracey decided to sell half of Avis Budget (CAR) for a more than 43% return in less than two months. Obviously, this car rental staple has been very hot of late, but it reports on Monday and the editor thinks the good news is priced in. Read the full write-up for more on today’s moves.   Surprise Trader: The semiconductor – discretes space is in the Top 9% of the Zacks Industry Rank, so that’s a good place for today’s addition. Dave added Vishay Intertechnology (VSH), a global manufacturer and supplier of semiconductors and passive components. Over the past four quarters, the company has beaten the Zacks Consensus Estimate three times and matched once. It now has a positive Earnings ESP of 5.2% for the quarter coming before the bell on Tuesday, May 4. Rising earnings estimates have made the stock a Zacks Rank #1 (Strong Buy). The editor added VSH on Thursday with a 12.5% allocation, while also selling Landstar (LSTR) for a breakeven result. Read the full write-up for more. Stocks Under $10: The best-performing stock among all ZU names on Thursday was Extreme Networks (EXTR), which soared 12.35% a day after reporting fiscal third-quarter results. The maker of network infrastructure equipment beat the Zacks Consensus Estimate by more than 23% yesterday, while revenues of $253.4 million topped our expectations by more than 3.5%. The top and bottom lines both improved on a year-over-year basis as well. By the way, this portfolio also had the second best performer today as MRC Global (MRC) rose 8.9%. Income Investor: "And there was an update from the Fed on Wednesday. The central bank said that it would continue to hold interest rates near zero, but Jerome Powell commented that he's seeing some signs of 'froth' in the market. "I think this is something many of us have noticed recently, and wondered: how much higher can this market climb? "Just today, the S&P hit another record thanks to investor optimism surrounding the big-name earnings reports. "We'll likely see some choppiness in the near-term, especially as the market grapples with improving economic growth and earnings growth on one hand and rising interest rates and the potential for higher taxes on the other. "But it's still unclear if any volatility will be temporary or a more permanent fixture, which is why I'm glad at how diverse Income Investor is, since one of the simplest ways to protect your investment portfolio is diversification." -- Maddy Johnson All the Best, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Powell Clears Way for Strong End to Week and New Highs

Powell Clears Way for Strong End to Week and New Highs The market obviously approved of Fed Chair Jerome Powell’s comments at the virtual Jackson Hole meeting today, as stocks resumed their record-setting ways on Friday. All of the major indices finished the week with solid gains. Basically, he’s willing to begin tapering the monthly bond purchases later this year, perhaps depending on next Friday’s Government Employment Situation report. However, interest rate hikes will likely not follow on its heels and could still be a ways off. And of course, the Chair continues to view rising inflation as transitory. That’s quite a change in tone from yesterday when a trio of Fed bigwigs seemed much more enthusiastic about changing the monetary policy as soon as possible. The market preferred Mr. Powell’s more dovish approach. After taking a break yesterday, the NASDAQ returned triumphantly to the positive side with a surge of 1.23% (or about 183 points) to 15,129.50. The S&P rose 0.88% to 4509.40. These indices closed at record highs for the first time since… Wednesday. They each had five-day winning streaks before taking a break on Thursday. The Dow got in on the fun with a rise of 0.69% (or about 241 points) to 35,454.81, which puts it less than 0.5% from making its own history (which was last set on August 16). The NASDAQ jumped 2.8% for the full week, while the S&P advanced 1.5%. The Dow increased just under 1%. That’s a nice turnaround from the previous week’s lackluster results that saw each of the indices in the red, led by a 1.1% dip for the Dow. The major news for next week will be backloaded once again to Friday when the Government Employment Situation report is released. We’re coming off of two very strong reports, especially the July number of 943K jobs added easily beating expectations with the unemployment rate moving lower to 5.4%. Something similar may provide the final straw in convincing the Fed to start the tapering process, perhaps as soon as the September meeting. So relax over the next couple of days and get ready for another hectic week in front of the Labor Day holiday. Today's Portfolio Highlights: Technology Innovators: The portfolio swapped a name in the ad buying space on Friday and protected a triple-digit win along the way. Brian sold Criteo (CRTO) for an epic 111.5% return in a little over nine months. The company has obviously performed well for the service, but its chart just “looks terrible” these days. However, The Trade Desk (TTD) is in the same space and has been on a solid run since May.The Zacks Rank #2 (Buy) has also beaten the Zacks Consensus Estimate in each of the last four quarters with an average surprise of 91% over that time. TTD is also much bigger than CRTO with a $37 billion market cap vs. $2.5 billion. With revenue growth of 101% in its most recent quarter and more expected in the future, the editor thinks that TTD will grow into its hefty valuation and be a worthwhile replacement for CRTO. Read the full write-up for more on today’s moves. Options Trader: When selling the September call in Nasdaq (NDAQ) last week for 64%, Kevin said he’d be open to buying the name again if it went lower or broke out through its previous highs. Well, it was breaking out today, so the editor bought to open a January 195.00 Call on Friday. The portfolio has already pulled three profits out of NDAQ this year and the editor is looking for even more. Read the full write-up for all the specifics. Insider Trader: It was a busy Friday session with Tracey adding three names. The new additions and the insider buys are: • 1stDibs.com (DIBS) – the CEO bought several times this month • Digital Turbine (APPS) – three directors added this month • OneSpan (OSPN) – the Interim CEO & General Counsel and four directors DIBS is a luxury online marketplace that looks oversold, which makes the CEO’s move a “confidence buy”. APPS offers products and solutions for mobile operators, device OEMs and third parties. Shares have fallen 19% in three months despite reporting 104% organic revenue growth in its most recent quarter, so the three directors must see an opportunity. OSPN is a software company that offers remote banking transaction solutions and is making a transition to a recurring revenue model. It has experienced some “chaos in management”, but the cluster buy suggests that such problems are in the past, The editor put 10% into each position and still has plenty of cash to buy more next week. Read the full write-up for a lot more on today’s action. Have a Great Weekend! Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

In Epic v. Apple’s final day, a glimpse of what comes next

Epic wants the judge to order Apple to open up the iPhone. Apple would like things to remain the way they are......»»

Category: topSource: washpostMay 25th, 2021

Re-Open Florida Task Force recommendations would ramp up economy

As Gov. Ron DeSantis begins to slowly reopen the state, recommendations issued by a task force offer a glimpse into what Florida could look like as it emerges from the coronavirus shutdown. The final report from DeSantis’ Re-Open Florida Task For.....»»

Category: topSource: bizjournalsApr 30th, 2020

"The Walking Dead" showrunner teases the "epic" Whisperer war when the show returns to TV

AMC The final eight episodes of "The Walking Dead.....»»

Category: topSource: businessinsiderFeb 13th, 2020

‘Game of Thrones’ Costs Employers Billions in Lost Productivity

The time American workers will spend discussing the current and final season of the immensely popular HBO sword-and-sorcery epic series “Game of Thrones,” which has won the second most Emmys wins of........»»

Category: blogSource: 247wallstMay 7th, 2019

“Game of Thrones” Costs Employers Billions in Lost Productivity

The time American workers will spend discussing the current and final season of the immensely popular HBO sword-and-sorcery epic series “Game of Thrones,” which has won the second most Emmys wins of........»»

Category: blogSource: 247wallstMay 6th, 2019

‘Game of Thrones’ Will Return in April

HBO has officially kicked off marketing for the eighth and final season of the fantasy epic, the biggest hit in its history......»»

Category: mediaSource: nytNov 13th, 2018

8 Gifts the Game of Thrones Superfan in Your Life Will Love

Winter is coming Winter is coming and the holiday season is in full swing. While Game of Thrones super fans will still have to wait until April 2019 for the eighth and final season of the epic HBO series, you can help alleviate.....»»

Category: topSource: timeDec 21st, 2018

Sen. Cory Booker pledges "to push for as big and bold as we can" with Democratic-led infrastructure bill

"If we do a $3 trillion bill, a $2.5 trillion bill, I'm going to push for as big and bold as we can," he said of the planned reconciliation package. Sen. Cory Booker of New Jersey. AP Photo/Amanda Andrade-Rhoades Sen. Cory Booker said that he would continue pushing for "big and bold" measures in the Democratic-led reconciliation bill. Democrats envisioned a $3.5 trillion bill, but angst among moderates will likely result in a smaller figure. Booker said that the investments included in the final bill will be "historic." See more stories on Insider's business page. Sen. Cory Booker on Sunday pledged to continue pushing for "big and bold" measures in the reconciliation bill that Democrats sense will likely be less than the proposed $3.5 trillion framework that was initially envisioned by party leaders.During an interview on NBC's "Meet the Press," the New Jersey Democrat remained optimistic about the bill that will eventually come together, emphasizing that it will be "historic.""If we do a $3 trillion bill, a $2.5 trillion bill, I'm going to push for as big and bold as we can," he said. "But it will be a historic investment in America."In the evenly-divided Senate, Democrats need every member to be on board for the reconciliation package to pass, and moderate Sen. Joe Manchin of West Virginia - along with Sen. Kyrsten Sinema of Arizona - wield incredible influence over the bill, which is slated to include tax increases on the wealthy and tuition-free community college, among many other items.Host Chuck Todd asked Booker about a letter he recently signed calling for the larger infrastructure package to be finished before the House took up the separate $1.2 trillion bipartisan infrastructure package, asking if there was a trust issue with some of the moderate Democrats."I don't think it's a matter of trust," he said. "I think it's a matter of I've been around here, this town, now for eight years, watching the best of intentions not manifest into something real. I just want to make sure this is not about a bunch of people who are battling it out in Congress. This is about the American people."He added: "To get half of this done and leave mothers who are looking for affordable childcare, Americans who are looking for lower cost prescription drugs, to leave people like that on the wayside, families that need that child tax credit, to leave those folks on the wayside is unacceptable to me. So I've seen the best of intentions. I want a more real guarantee."House Speaker Nancy Pelosi on Sunday said that it "seems self-evident" that the planned $3.5 trillion reconciliation will be scaled down, while also stating that she would not bring a bill to the floor if it lacked the requisite votes for passage."I think even those who want a smaller number support the vision of the president," the California Democrat said on ABC's "This Week."Read the original article on Business Insider.....»»

Category: topSource: businessinsider10 hr. 6 min. ago

Tesla drivers with a favorable safety score can request its Full Self-Driving beta, despite criticism from regulators

Only Tesla users that have a "safe" driving record for an entire week will be granted access to the FSD beta software. Tesla announced the decision on Saturday. Sjoerd van der Wal/Getty Images Tesla drivers can now request access to its Full Self-Driving Beta software. Drivers will be tested on five factors for safety, after which Tesla will grant FSD access. A US safety regulator has said Tesla's use of the term "self-driving" is misleading. See more stories on Insider's business page. Elon Musk announced a highly anticipated software update on Saturday, allowing Tesla customers to request access to its Full Self-Driving (FSD) beta software, despite drawing disapproval from safety advocates and regulators.This marks the first time Tesla has allowed customers to request an upgrade to its FSD beta software.The company had been under mounting pressure to release a final version of FSD, for which customers have forked out $10,000 upfront for the promise that it would eventually enable the cars to drive themselves.But the FSD beta is still an unfinished upgrade, as none of Tesla's driver-assistance systems make the cars fully autonomous.In March, Musk tweeted that the download button for the feature would give users access to the FSD beta as soon as their car connected to Wi-Fi. But that approach has seemingly changed, as Tesla now has a calculator that determines whether a user's driving behavior can allow them to use the software.Tesla issued a "safety score" guide which details the specific criteria under which drivers are graded. It says drivers will be scored between 0 to 100, with most receiving 80 or above. The safety score is an assessment of driving behavior based on five metrics. Tesla Drivers will be graded based on five factors - forward-collision warnings per 1,000 miles, hard braking, aggressive turning, unsafe following, and forced autopilot disengagement, according to the guide."These are combined to estimate the likelihood that your driving could result in a future collision," Tesla said. To get a safety score, vehicles must be connected to a Wi-Fi network and users should have downloaded software update 2021.32.22.Only those users that have a "safe" driving record for an entire week will be granted access to the FSD Beta software.The software update allows drivers access to an "autosteer on city streets" feature, which isn't yet flawless, and lets them navigate roads alongside other vehicles, cyclists, and people without moving the steering wheel on their own.Still, drivers are cautioned to remain attentive and prepared to take over driving when prompted.Tesla's FSD software has been subject to heavy criticism by safety advocates and the top US safety regulator.Jennifer Homendy, the new head of the National Transportation Safety Board, told The Wall Street Journal ahead of the beta release that the EV-maker's use of the term self-driving is "misleading and irresponsible.""Basic safety issues have to be addressed before they're then expanding it to other city streets and other areas," Homendy told the Journal. That claim, and Tesla's Autopilot feature, has been criticized by regulators and lawmakers who said the names make drivers think the cars are autonomous when they aren't."It has clearly misled numerous people to misuse and abuse technology," Homendy added.Last month, Musk said FSD's software before the latest update was "actually not great" and drivers should be "paranoid" when driving with it. Read the original article on Business Insider.....»»

Category: topSource: businessinsider11 hr. 22 min. ago

The Key Market Flows Behind "Yet Another Quick Selloff"

The Key Market Flows Behind "Yet Another Quick Selloff" As has been the case for much of the past 6 months, equities saw another modest selloff (-4%) around the option expiry date similar to those in recent months (2-3% selloffs in the last 3 months), albeit exacerbated this time by fears around an Evergrande default. Similar to the previous occasions, equities rebounded almost instantly as market technicals took over (as discussed in "Nomura Reveals 'The Flow To Know' As Markets Reverse From Selling To "Big Rally") with the 50DMA proving once again to be stalwart support, and are now barely 2% below record highs. Moreover, US equities have historically seen modest sell-offs of 3-5% every 2-3 months on average.  In that context, the selloff this week was fairly typical. We have yet to see a more substantive selloff (5%+) since October of last year - although we did very briefly see a 5% drawdown last Monday which however faded just as quickly - putting the duration (92nd percentile) as well as the size (93rd percentile) of this rally in the top decile. Courtesy of Deutsche Bank, here are some notable positioning indicators: The consolidated measure of equity positioning has been falling since late June (from the 97th to the 60th percentile). Both discretionary investors (72nd percentile) and systematic strategies (46th percentile) have cut exposure, with discretionary positioning now at the lowest since the post-election rally, while systematic positioning is at the lowest since May. However, there is a divergence between equity positioning for US large caps (read giga tech names), which has remained very robust, and that for others which has declined. A subset of positioning indicators specifically tracking large-caps has remained at the higher end since mid-July even as our aggregate measure has steadily moved lower. Equity inflows had been extremely strong going into the selloff, clocking in at over $50bn last week, the largest since March, and primarily benefiting US large caps. A significant proportion of last week’s huge flows then reversed over Friday (-$20bn) and Monday (-$16bn) but inflows have resumed since. Here, it's worth noting that most inflows have benefited almost exclusively large cap US funds, with mid caps hugging the flatline for the last year, and small caps barely higher. The aggregate put/call volume ratio rose sharply on Monday as equities sold off, but over the week quickly fell back again into the low range that it has been in since last June. Both put and call volumes had spiked on Monday, but have normalized quickly.  Most of the pickup in option volumes came from index and ETF options. Within single stocks, puts and calls volumes fell last week across both large and small caps. Vol Control funds, which had already cut their equity allocations (mostly large-cap) last Friday (67% to 65%), accelerated their selling on Monday (to 62%, 27th percentile), but quickly started buying back over the next three days, and their allocations are now back to 67% (43rd percentile). A spike and subsequent reversal in implied vol was the primary driver of the round Meanwhile, Risk Parity funds trimmed their equity allocations only marginally during this week Curiously, large cap trend signals remain strong and small cap signals actually improved slightly during the week. One final observation: with Q3 earnings season coming on deck, some 25% of companies have now entered their buyback blackout period. This will peak in 2-3 weeks when 80% of companies will be in their blackout period. The full DB report with much more details can be found in the usual place for pro subs. Tyler Durden Sun, 09/26/2021 - 14:30.....»»

Category: dealsSource: nyt11 hr. 38 min. ago