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Making moves: The personnel moves in the DFW tech and startup scene in January

Check out the companies making hires in the local tech and startup scene in January......»»

Category: topSource: bizjournalsJan 29th, 2021

Player Personnel: Colorado"s top tech and startup hires in April

While Covid-19 has altered hiring plans for many, the state’s top technology companies and startups continue to bring on personnel during the pandemic. We track the major player personnel moves in our daily newsletter, the Beat. Below, we’.....»»

Category: topSource: bizjournalsMay 4th, 2021

Personnel changes: North Texas tech and startup execs made moves in February

Meet the leaders who entered and left the DFW tech and startup scene in February......»»

Category: topSource: bizjournalsFeb 26th, 2021

The 6 best treadmills of 2021

An at-home treadmill allows you to improve your cardio, keep fit, and stay healthy. Here are the best treadmills we've tested this year. Table of Contents: Masthead Sticky Treadmills offer an excellent way to increase or maintain your routine cardio and keep fit. The most important qualities to look for in a treadmill are its power, reliability, and run comfort. Our top pick, the ProForm Pro 2000, features iFit workouts, has a cushioned tread, and easily folds up. Few exercise machines have endured the changing landscape of at-home fitness like the treadmill. Not only do they work well for anyone maintaining cardio fitness but they also help runners prepare for things like 5Ks or half marathons. They can even complement a weekly workout routine, especially for those who don't have time to run outside.Treadmills are also simple to use. You simply run or walk on the belt and a motor moves it under your feet at whatever speed you select. Some offer high-tech features like touchscreen displays and live-streamed classes, while others offer a more basic, just-hop-on-and-run experience.As a frequent gym-goer and the Insider Reviews fitness editor, I've run more miles than I can count on treadmills advanced, basic, or otherwise. For every mile logged on something like NordicTrack's Commercial 2950 or ProForm's Pro 2000, I've logged an equal amount (if not many more) on the standard treadmills found at a local gym - i.e. one without an interactive screen attached to it.I leaned on this experience to comb through and test a number of high-quality treadmills currently available. The following guide features a range of treadmill types at various price points in hopes of helping you find the best option for your fitness needs.You'll also find answers to a selection of treadmill FAQs, as well as some insight into how I tested treadmills featured in this guide. Here are the best treadmills 0f 2021 Best overall: ProForm Pro 2000 TreadmillBest smart treadmill: NordicTrack Commercial 2950Best on a budget: Horizon Fitness T101-04 TreadmillBest upright folding model: LifeSpan TR3000i Folding TreadmillBest compact: Cubii ProBest for quiet workouts: 3G Cardio Elite Runner Treadmill How I test treadmills Alyssa Powell/Business Insider Each treadmill featured in this guide went through a series of extensive tests (i.e. I ran on them a lot) to see how well they compared across these four categories: Performance, features, quality, and value. Here's how the categories specifically factored into which treadmills made the cut:Performance: How a treadmill performs comes down to a few basic aspects, including how comfortable it is to run on (and how shock absorbing it is), if it's able to avoid sounding like you're loudly pounding the ground with each step, what its tread feels like underfoot, and how wide the running area is. Though not all treadmills reliably check each of these boxes, a healthy combination of at least three of those often translates to high quality. Features: Some modern treadmills, like those from NordicTrack or ProForm, feature a built-in interactive screen that streams workouts, tracks output metrics, and improves the treadmill's performance. For models that don't have a screen, I looked at how intuitive it was to increase and decrease the treadmill's speed and whether it offered an incline or decline mode. Even those that aren't decked out with the ability to stream workouts are still feature-heavy enough to warrant a spot in your home gym.Quality: If used often, treadmills can take a consistent beating, mostly due to a runner pounding on it step after step after step. This means the best treadmills should feature a sturdy and durable tread, a high-quality design that won't become compromised even after a full year or more of use, and that features an interface or series of buttons and dials that can avoid popping off or being unusable. Value: The value of a treadmill is less about its sticker price and more so the combination of the three categories above compared to its initial (and sometimes recurring) investment. I factored in everything when selecting treadmills across each featured category and often feel that it's worth it to spend a little more money on a product that's designed to last than to spend less, more often on something inferior.  The best treadmill overall ProForm The ProForm Pro 2000 Treadmill is a race-trainers dream that's versatile enough for the casual runner, too. Pros: Good motor, large running belt of 22 by 60 inches, includes both an incline and a decline setting, offers good interval training features, has access to iFit workoutsCons: Customer service may be disappointing if you have problems, very heavy treadmillRunners looking for a treadmill with good all-around training capabilities and a host of useful features will like the reasonably-priced ProForm Pro 2000 Treadmill. It has a 3.5-horsepower motor, which allows it to stand up to daily use, and it boasts a belt deck that measures 22 by 60 inches, which is perfect for most runners. When you're training for races with hills, you'll appreciate this treadmill's ability to reach a 15% incline and a 3% decline, which better simulates hills than most other treadmills — it's easy to adjust it both up and down, too, even while running. The ProForm Pro 2000 also has a number of tech features, including a 7-inch screen that streams iFit's interactive workouts, a music port for iPods, and a built-in fan that works well to keep you (somewhat) cool as you run. Its tread features what the brand calls ProShox Cushioning, which is designed to lessen the impact on your feet and knees while running. Though a true, long-term test of this would better judge its viability, even a handful of runs on it showed that this made a difference (even if it was minimal). What truly makes this treadmill stand out is its inclusion of the above-mentioned iFit workouts. Not only are these excellent ways to keep motivated, but the platform offers some genuinely unique workouts. One day you could be running through France and the next through Vietnam. The globe-spanning locales add a level of quality to the workouts you'd have a hard time finding elsewhere.Another perk of the iFit workouts is how the trainers leading the runs entirely control the incline, decline, and speed, allowing you to focus strictly on running. This is something that's incredibly welcome as fumbling with a treadmill's controls while in a full stride isn't always the most fun (and can easily mess with your cadence). The ProForm Pro 2000 comes with one free year of iFit, too, so you won't have to worry about shelling out a monthly payment for at least 12 months.Its price is also in the range of what you'd expect to pay for a full-featured treadmill. Most interactive workout machines run in the $2,000 range, and the fact this undercuts that average by a few hundred dollars makes it an appealing choice for anyone looking to add a treadmill to their home gym. The best smart treadmill NordicTrack NordicTrack's Commercial 2950 is a highly versatile treadmill that offers automatic incline control, an HD 22-inch touchscreen, and a deep library of interactive classes from iFit. Pros: Now features automatically adjusting resistance and speed, the iFit library offers a wide range of in-studio classes and runs through real-world locales, offers Bluetooth connectivity and WiFi supportCons: ExpensiveThe Commercial 2950 treadmill from NordicTrack is one of the most full-featured machines I've tested, coming with everything from automatic incline control and Bluetooth connectivity to Google Maps integration and personalized workout stats. My favorite feature, however, is its access to iFit's expansive library of interactive workouts. With iFit, you're able to run essentially anywhere, yet still from the comfort of your home. The service's roster of trainers offers a wide range of run types that aren't just confined to a studio or their home (where they do film some of the classes). Rather, you could be running through real-world locales that offer a breath of fresh air from standard treadmill routines. I found this to be a welcome deviation from the tediousness of normal running. Though iFit does cost $39 per month, a free year of the service comes standard with the purchase of all new treadmills.In addition to those workouts, the rest of the 2950 is a premium. The automatically adjusting resistance feature mentioned above is a game-changer, and, as the name suggests, allows the trainers to fully control the incline, decline, and speed of the treadmill as you run along. All you have to worry about is just running — which does well to keep you focused and motivated instead of worrying about fumbling with controls. One nitpick could be that the iFit interface can be a little clunky and slow to use sometimes, and the service occasionally crashed mid-workout (though did tend to load right back up in the exact same spot I was running). This didn't happen enough to be concerning, nor did it detract from my overall experience. What holds the 2950 back from nabbing the top spot in this guide is its price, which is roughly double the cost of the ProForm Pro 200. It's hard for treadmills that have as much as the 2950 in terms of features and available workouts to cost much less than $2,500, so this is still a worthwhile investment for anyone who  certainly isn't cheap but few treadmills with this much to offer both in terms of features and available workouts will necessarily be "affordable." Still, it's worth the investment for those who want access to a huge library of interactive classes and a premium-built treadmill.  The best budget treadmill Horizon Fitness Compared to other budget fold-up treadmills, the Horizon Fitness T101-04 Treadmill has nice features and good performance.Pros: Very good price point for an entry-level treadmill, will save space with a fold-up design, runs quieter than most budget-priced treadmills, works better for walkers and light runnersCons: Only a 55-inch belt length, not really made for high-end running workouts, longevity is questionableSaving space with a fold-up treadmill is a great idea for a lot of people. However, most fold-up treadmills don't offer a lot of power.With those natural limitations of fold-up treadmills in mind, you'll like the Horizon Fitness T101-04 Treadmill, which works well for walkers and anyone on a budget (and isn't really made for runners looking for high-end workouts). Think of it as like an entry-level treadmill, or something that can be a complement to a wider range of at-home equipment. It has a 55-inch belt length, a maximum 10 mph speed, and a 2.25-horsepower motor. The T101-04 treadmill is easy to fold up for storage, which is great for anyone with minimal space in their home or apartment.You can't beat the value, too. If you want something simple, straightforward, and cost-effective that has the basic features necessary for just running and walking, the T101-04 from Horizon Fitness is the treadmill you need. The best upright folding treadmill LifeSpan The LifeSpan TR3000i uses an extensive shock absorption system to take some pressure off your joints while running.Pros: Good price for a mid-range treadmill, unit folds up to save storage space, extensive shock absorption system, good feature set versus other models in this price rangeCons: Not really designed for high-end workouts, build quality of treadmill is questionableSome people dislike working out on a treadmill because of the pressure it places on their joints. The LifeSpan TR3000i attempts to alleviate some of this pressure by using a shock absorption system in the treadmill's deck.It has a 20 x 56-inch running surface, 15 incline levels, and a 6-inch LCD screen that shows your time, calories, distance covered, steps, heart rate, speed, and incline. The eight shock absorber elements in the deck ensure that it remains both stable and comfortable to run on. As mentioned on other models, long-term testing would be a better indicator of just how well the shock-absorbing works, but it's easy to notice the difference in the TR3000i compared to others. If you at all have foot, knee, or joint issues, you'll want to at least consider this one when shopping.Beyond its shock-absorbing capabilities, the TR3000i has a number of fun features to give you variety in your workouts, too, including a tablet holder, a USB charging port, and compatibility with iPods. It also has built-in speakers, folds up for easy storage, and physical console buttons that are sometimes easier to use when making adjustments than only relying on the touchscreen. The best compact treadmill Cubii The Cubii Pro is an easy-to-use, under desk exercise machine that's more of an elliptical than a treadmill but still allows you to log some quality cardio no matter if you're sitting down for lunch or powering through a backlog of emails. Pros: Small, easy-to-use machine that delivers an effective cardio workout, has up to eight different resistance settings, offers companion app supportCons: Not strictly a treadmill, might not be as intense for hardcore fitness buffsThough the Cubii Pro isn't exactly a treadmill in the traditional sense (and is more of an elliptical style machine than anything else), its unobtrusive nature makes it a convenient addition to anyone's home gym. The machine simply sits on the floor, be it under a desk, next to a coffee table, or literally anywhere around the house, and lets you pedal away for as long as you like. The machine delivers low-impact cardio that may benefit those unable to run on a treadmill due to sore joints, and its quiet operation even allows it to be used while watching TV, talking on the phone, or listening to music. With eight different levels of resistance, it affords as easy or as difficult a workout as you like, too. A companion smartphone application lets you keep track of all your logged workouts and lets you set weekly and monthly goals or share your progress with friends. The app is also compatible with services like Fitbit or Apple HealthKit, so if you prefer the interface of those, all workout data can easily sync to them.At $349, it's certainly not a drop in the bucket but it is far cheaper than even the budget model on this list. For convenient, low-impact cardio exercise, the Cubii Pro is as versatile and easy to use as it gets.  The best treadmill for quiet workouts 3G Cardio The 3G Cardio Elite Runner Treadmill delivers excellent performance and runs quieter than most treadmills.Pros: Strong steel frame that will support a lot of weight, unit runs quieter than most treadmills, large treadmill belt area for tall runners, includes a large motor to compare favorably to gym treadmillsCons: Extremely high price point, very heavy equipment that is difficult to move aroundFew treadmills made for use at home will deliver the kind of quiet performance that the 3G Cardio Elite Runner Treadmill delivers. It's made for tall or heavy runners looking for a tough workout, but you'll pay more than $3,000 for the kind of quality that this 3G Cardio unit delivers.It has an Ortho Flex Shock suspension system to minimize the stress of impact for runners, and the 22 by 62-inch platform is perfect for running.The 3G Cardio comes with many pre-programmed workouts and a fitness level test. You have access to speed and elevation settings, heart rate control, and workout customization.  This treadmill also has a 4.0 horsepower motor and 3-inch rollers for great performance.As you would expect with a treadmill with such a high price point, the 3G Cardio Elite consists of thick steel tubing in the frame. It's also rather expensive, so this is really only for serious runners who want a treadmill that will last a lifetime. What treadmills I'm testing next Technogym MyRun ($2,980): Technogym's lineup of cardio machines offers a quality experience on par with the likes of NordicTrack and ProForm, though instead of having iFit workouts, it has its own streaming platform called Technogym Live. The classes on the MyRun tread allow users to run with a trainer, take to a digital beach, or develop a set of goals to work toward. Its full-color display not only streams the content in high-definition but also supplies helpful analytic data that inform how well the workout is going. Matrix Fitness Treadmill TF30 XR ($2,999): A premium-priced treadmill, Matrix Fitness' Treadmill TF30 XR is the entry-level version of the TF30 lineup, but it still offers a quality run experience. This model comes with a built-in screen, speeds up to 12.5 miles per hour, and an incline up to 15%. It also folds up to nearly 90-degrees, making it easy to store. Since I live in a small Brooklyn apartment, this one is very intriguing. Sole Fitness F80 Treadmill ($1,599): Sole's F80 tread looks like some sort of Swiss Army Knife of treadmills, as it has a number of visible bells and whistles. There's an on-board screen that tracks distance run and calories burned (among other stats), handle grips for heart rate monitoring, and a tablet holder (for when you'd rather stream Netflix than watch your mileage slowly tick up). This is close to the kinds of treadmills you'd find at your local gym, so I'm curious as to how it'd function as an at-home option.  FAQs What types of treadmills are there?Basic: The most basic type of treadmill only works for walkers. They will have simple tracking features, such as speed, distance, and time. Most basic units will have a short bed that works better for a walker's stride than for running.And you'll find limited shock absorption features here, which isn't great for runners. Such treadmills will fold up for easy storage (although some more expensive treadmills also can fold up for storage).Mid-range: These treadmills will work for walkers or runners. For walkers, a mid-range treadmill should have longer support arms, allowing you to balance yourself easier. The belt bed will be a bit longer than the basic treadmill but those with longer running strides may still struggle.You'll see better tech features in this price range, including a heart rate monitor worn on the chest or pre-set training programs.Top-end: The highest quality of treadmills will contain long belt beds with good shock absorption, making them perfect for runners. To gain these features, such treadmills rarely will fold up for storage, meaning they require a lot of free space. They will deliver greater maximum speed levels and greater levels of incline, too.These treadmills consist of the highest-quality materials. You'll receive Wi-Fi connectivity and extensive pre-set exercise programs with these models.What are some key treadmill features?Interactive exercise programs: Treadmills may have pre-programmed workouts that can help you with weight loss, cardiovascular performance, speed workouts, or hills training. These programs will allow you to set the length of exercise time, but they will automatically change the speed of the treadmill and the incline to match the parameters of the pre-programmed workout.The ability to incline, decline, and adjust the speed: To help with training for running on hills or for additional calorie burn, the treadmill needs to offer an incline. Most treadmills can reach at least a 12% incline grade. Some treadmills even give you a simulation of running downhill with a decline grade of around 3%.You should be able to adjust the incline, speed, and program in use through the touchscreen monitor. The screen also gives you information on the time elapsed, calories burned, distance traveled, your heart rate, and more. Are there different size treadmill belts?Yes, there are, and it differs for what runners need versus walkers. Runners need a treadmill belt bed of roughly 55-60 inches long, while walkers can use one closer to 45-50 inches long. Taller people will need an even longer belt bed. Remember that the length of the treadmill isn't the same as the length of the bed.The treadmill length (and width, for that matter) must accommodate the base portion of the unit that doesn't move, as well as the bed's motor housing at the front of the unit.A treadmill belt bed should be at least 22 inches wide for runners which provides plenty of space in case you have a misstep. Walkers can successfully use a narrower bed than runners, such as 18 or 20 inches.Are treadmills safe? Many treadmills contain a safety line that hooks into the unit and clips to your shirt. Should you stumble, the safety line disconnects from the treadmill, causing it to shut down immediately. This is a helpful safety feature and it prevents situations where the person using the treadmill falls and gets launched into a wall. It's also recommended that you unplug your treadmill when not in use for added safety. This assures it won't accidentally turn on if a child or pet is around it. Do treadmills have a weight limit? Based on the size of the motor and the shock absorption capabilities, a treadmill may give you a maximum user weight recommendation. You should be able to find this listed in its online user's manual or listed on its specifications sheet.  Read the original article on Business Insider.....»»

Category: worldSource: nytSep 24th, 2021

Charging Up Your Portfolio with Electric Vehicles

Whether its the government, Wall Street investors or even traditional automakers; everybody is seeing tremendous potential in EVs. Ben Rains will show you how to capitalize on this burgeoning space, which grew over 160% worldwide in the first half of 2021. The U.S. Senate passed a $1 trillion bipartisan infrastructure bill in early August, with billions set to flow into various sectors, from more traditional areas such as roads to modern green energy initiatives. The clean energy efforts are part of a larger push within the U.S and other wealthy nations to speed up the transition away from fossil fuels throughout every corner of the economy.The green energy age isn’t complete without electric vehicles (EVs) dominating streets and highways, and the U.S. still has miles of road to travel in order to get there.Washington’s Focus on EVs The White House and Washington have put a spotlight on electric vehicles as part of a longer-term greener movement. President Biden signed an EV-focused executive order in August that hopes to spur rapid adoption. The non-binding goal aims to have all-electric, hydrogen-fuel cell, and plug-in hybrid vehicles make up 50% of U.S. sales by 2030.In order to reach this voluntary benchmark, automakers called for federal support for EV charging stations, various consumer tax incentives, and other pro-electric initiatives. Elsewhere, the Senate’s $1 trillion bill allots $7.5 billion for states and municipalities to build EV charging stations. The legislative effort also includes over $6 billion in grants for battery production, development, and recycling.The projected funding is less than President Biden called for in March when his administration set a goal of building 500,000 public chargers by 2030. There are currently roughly 48,000 public EV charging stations and over 120,000 charging ports in the U.S., according to U.S. Department of Energy data.These levels don’t come close to supporting rapid EV adoption. Federal, state, and local governments must work with automakers, charger technology companies, and various other stakeholders in order for EVs to start driving American automotive sales anytime soon.Despite all of the hype, the U.S. and the world has barely scratched the EV surface. The nascent nature provides plenty of profitable investment opportunities if you know where to look...Continued . . .------------------------------------------------------------------------------------------------------Zacks’ Top Infrastructure Picks (Grab These for Q4 and Beyond)Our research has identified 5 stocks that are set to surge due to the massive new infrastructure bill. This is the largest bill of its kind in decades, giving investors a chance at tremendous gains.Zacks’s just-updated special report, How to Profit from Trillions in Spending for Infrastructure, is designed to help you profit from the most promising “American Upgrade” stocks. Some infrastructure stocks have recently soared as much as +81%... +150%... even +248%.¹ The stocks in this report could be just as lucrative. Don't delay: this Special Report is only available until Sunday, September 26.See 5 Top Infrastructure Stocks Now >>------------------------------------------------------------------------------------------------------The Current EV Market Gasoline-powered vehicles remain by far the most popular means of transportation. Electric vehicles made up only 2% of U.S. sales last year and expanded to a little over 3% in recent months. Limited market share is part of the reason why Wall Street is excited even if the electric/hybrid space doesn’t get close to 50% market share by 2030.Tesla proved there’s demand for EVs in the U.S. and its success on the road and in the stock market forced every established auto company to go all-in on electric. Plus, plenty of newcomers, some of which are publicly traded, are ramping up production on sleek new EVs of all shapes and sizes. It will be difficult to recreate Tesla’s meteoric run, but a few standout startups are starting to make their case.Most major automakers plan to offer many of their current models as EVs within the next decade, while rolling out EV-only cars, SUVs, and trucks. Established auto titans, perhaps ambitiously, aim to generate upwards of 50% of global sales from EVs by 2030.One historic firm is revamping its entire business around EVs. The company said earlier this year it aims to have 40% of its global volume be all electric by 2030 and it expects to spend more than $30 billion on electrification during this stretch. The firm’s early efforts have already paid off in terms of actual sales and its surging stock price.Auto giants in both luxury and mass markets will start eating away at Tesla’s current dominance. There are plenty of reasons to believe this could happen somewhat quickly. A few select stocks will capture a budding corner of the EV market Tesla has little chance of controlling. The ability to meet the coming demand from commercial customers such as contractors, construction companies, police departments, and other government fleets is set to boost a few well-known companies in particular.Where’s the Money  New light-vehicle sales in the U.S. are set to climb around 13% to reach 16.3 million in 2021. EV sales are projected to blow away the broader industry-wide expansion. For instance, global EV sales already skyrocketed over 160% in the first half of 2021 against a pandemic-hit period.Tesla led the charge, accounting for about 14% of the global market during this stretch, but its share slipped compared to last year. A few global automakers are already in Elon Musk’s rearview mirror despite the huge head start, while smaller, highly affordable brands are dominating EV sales in China and other Asian nations.Along with investing in pure-play electric vehicle companies, Wall Street and the industry are pouring money into the technology side of the business. This is vital since EVs rely heavily on interconnected technology, remote software updates, high-tech touch screens, and much more. One firm in September poached a former Tesla executive from Apple—which has its own EV aspirations—because EVs are closer to supercomputers on wheels than traditional cars.EVs will also provide automakers with more consistent revenue streams, via remote monitoring, constant software updates, and other futuristic maintenance necessities. And it’s hardly just the automakers who stand to benefit. Smaller tech companies are already profiting from advanced radar navigation and more, and many are hot acquisition targets. Batteries and Chargers  EV motors are clearly essential cogs, but high-tech batteries are perhaps the most vital components. Continued progress on the energy storage and range fronts will help determine how quickly the market can grow.Wall Street is also laser-focused on lithium, with the commodity making a case to become a “new oil.” Lithium-ion batteries are already used in most portable consumer electronics such as smartphones, and nearly all electric vehicles run on rechargeable lithium-ion batteries.From startups to Tesla, companies are working on next-generation battery technologies, including solid-state batteries and new cell formats. Like many cutting-edge industries, there are likely game-changing batteries coming down the pike soon that few will have imagined possible.Alongside batteries, an EV-heavy future is only possible if consumers can drive anywhere they normally would or make that same big road trip, without needing to plan their route around chargers. EV chargers are often classified in three categories: Level 1, Level 2, and Level 3 or DC fast chargers. The first two are common for home-based charging, while the fittingly named Level 3 fast chargers require as much as $100,000 or more per station in upfront capital.There are over 100 EV charging companies in North America alone. Firms able to create faster chargers that mimic speeds closer to filling up a tank of gas will be surefire superstars, while companies able to roll out the most chargers, akin to gas stations, could become stable green energy players for decades.5 Stocks to Electrify Your Portfolio Electric vehicles and EV-related technologies are some of the most promising spaces investors can target for long-term gains. Consumers are demanding more electric options and manufacturers are rising to the occasion.And as discussed above, the government is driving hard toward a clean energy future. The infrastructure bill passed by the Senate last month could earmark billions of dollars to make EVs even more accessible – and you might be surprised at which stocks might benefit most.To help you make the most of this opportunity, Zacks has just updated our special report, How to Profit from Trillions in Spending for Infrastructure.The report reveals 5 stocks primed for big price moves, including an EV stock no one is thinking about. The company has a new CEO, a new focus on cutting edge tech and earnings that are projected to skyrocket 300%.I encourage you to check out the 5 stocks right away. The infrastructure bill could be a powerful catalyst, but these companies are strong enough to deliver significant gains on their own.Don’t delay. This Special Report is only available until Sunday, September 26.Click here to claim your copy of How to Profit from Trillions in Spending for Infrastructure >>Good Investing,Ben RainsStock Strategist¹ The results listed above are not (or may not be) representative of the performance of all selections made by Zacks Investment Research's newsletter editors and may represent the partial close of a position.  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 To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 24th, 2021

How technology is changing the advertising industry

The crackdown on ad tracking and changing consumer habits are upending how advertisers market and target consumers. Here's a breakdown. Toby Melville/Reuters Technology has upended the advertising business. Ad tracking and consumer habit changes are impacting how advertisers reach people and fueling new companies. Here's a breakdown of Insider's coverage of how ad buyers and sellers are impacted. See more stories on Insider's business page. The advertising industry is going through big changes as technology changes upend consumer habits and where and how marketers reach them.Apple and Google's phasing out third-party cookies threatens to upend longstanding ad targeting practices. The acceleration of streaming TV has fueled the chase for TV ad dollars. The move away from cookies and rise in online shopping has fueled new agencies specializing in digital advertising and led to a flurry of deals and investment in ad tech companies. Insider has been tracking these trends at some of the biggest advertising buyers and sellers, including WPP, Omnicom, Google, and Amazon, and rounded up our coverage.The crackdown on ad tracking is changing advertisingTargeting changes are forcing advertisers to come up with new ways to reach consumers. Google and Apple have sent shockwaves through the ad industry when they announced changes that would put an end to longstanding ad targeting practices in the face of pro-privacy regulation.Those moves have led marketers, their agencies, and adtech companies like LiveRamp and The Trade Desk scrambling to find workarounds.Read more: Google's move away from targeted advertising threatens to upend marketers' scramble to save digital ads Apple's recent privacy changes are already wreaking havoc on Facebook advertisers, and ad buyers are scrambling to manage the disruptionsAd giant Dentsu is going through a massive culling of its agencies - here's what we know about the winners and losers The ad industry is looking for a way to save targeted ads, but publishers worry it'll cheapen their reader relationships and cost them revenueMarketing meets tech Employees work at the chocolate maker Mars Chocolate France plant in Haguenau. Vincent Kessler/Reuters Companies are finding new ways to zap ads at people by building homegrown tools, using targeted ads, or ​​snapping up ad tech and martech companies.Brands like Anheuser-Busch, Mars, P&G and L'Oréal have ramped up efforts to gather data on consumers as platforms clamp down on ad targeting and e-commerce accelerates.Read more:The owner of MacWorld and InfoWorld is buying a tech firm to survive the death of third-party cookies, and is plotting even more acquisitionsMeet 19 execs at companies like Adobe and Shopify who are shaping the future of marketing techAnheuser-Busch InBev has amassed data on 2.5 billion consumers and is using it to get around new ad targeting challenges, growing sales as much as 80% Candy maker Mars built a tool that tracks people's emotional reactions to ads, and says it's lifting sales by as much as 18%Big brands like Nike and Neiman Marcus are snapping up tech companies to learn more about their customers as old ways of ad targeting go away21 advertising execs who are finding new ways to target people in a privacy-centric worldOnline fashion marketplace Farfetch is doubling down on 'addressable' TV ads as competition intensifies with Amazon for luxury shoppersAdtech is hot againEven as advertisers slashed their spending in the economic downturn, the rise of streaming TV and online shopping has benefitted adtech companies that help connect ad buyers and sellers and solve advertising and marketing problems.Investors are pouring money into firms like like TVision DoubleVerify that are solving problems in digital advertising. Other firms are going public as Wall Street fell back in love with adtech due to broad macroeconomic changes. Email marketing is getting new attention as reliable way to target compared to digital advertising.Read more:A startup that wants to bring a 'Moneyball' approach to ads raised $8 million from investors like Stage 2 Capital and SamsungIntuit's $12 billion deal to buy Mailchimp could kick off a wave of email M&A. Here's who insiders think will be the new buyers, and who they'll be targeting.TV ratings giant Nielsen has lost the media industry's backing. These 6 companies could replace it.9 hot European digital-marketing companies that experts say are prime acquisition targets in 2021The Trade Desk is taking on Google for digital ad dollars, and the battle is about to get more complicated9 adtech companies that advertisers are flocking to for new ways to zap ads at people and measure whether they work The 18 hottest adtech companies of 2020 8 of the most promising tech startups in public relations, according to investors20 experts who are working on big solutions for advertisers as ad targeting as we know it goes away Ad agencies are getting disruptedWhile the established holding companies scramble to adapt to the digital shift, new ad companies focused on digital specialities and armed with new private-equity funding threaten to take their place. Read more:12 advertising upstarts that are challenging ad giants like WPP and OmnicomDept is one of the fastest-growing advertising companies. Its CEO explains the Carlyle-backed firm's plan to become the leading digital agency.13 power players at S4 Capital helping Sir Martin Sorrell build a digital challenger to ad giant WPPAd agencies that are top acquisition targets as private equity money pours inExperts name 12 companies that are likely acquisition targets as online shopping takes offRetailers are seeking a piece of the ad pie Instacart is adding 30-minute delivery. Instacart A new set of companies sees an opportunity in selling advertising include food delivery companies, online retailers, and brick-and-mortar grocers. They're hoping to replicate the success of Amazon, which claimed 10.3% of the US digital ad market in 2020 and is competing with Google and Facebook for ad budgets.Advertising is Amazon's fastest-growing business and brought in $21 billion in 2020. Here are the 21 top insiders leading the charge.Alan Moss is spearheading Amazon's push to steal ad dollars from Facebook and Google. Insiders lay out his playbook for getting a slice of the $70 billion TV ad market.Uber just hired a top Amazon advertising exec. Here are 45 other big hires that show how it and other companies are warring for advertising dollarsAmazon, Walmart, and Instacart are vying for advertising dollars - here's exactly how much they charge for ads18 firms that are helping solve marketers' giant problems selling and advertising on AmazonExperts lay out how Instacart, Walmart, and other retail ad sellers can take on Amazon in digital advertising Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 24th, 2021

Futures Slide Alongside Cryptocurrencies Amid China Crackdown

Futures Slide Alongside Cryptocurrencies Amid China Crackdown US futures and European stocks fell amid ongoing nerves over the Evergrande default, while cryptocurrency-linked stocks tumbled after the Chinese central bank said such transactions are illegal. Sovereign bond yields fluctuated after an earlier selloff fueled by the prospect of tighter monetary policy. At 745am ET, S&P 500 e-minis were down 19.5 points, or 0.43%, Nasdaq 100 e-minis were down 88.75 points, or 0.58% and Dow e-minis were down 112 points, or 0.33%. In the biggest overnight news, Evergrande offshore creditors remain in limbo and still haven't received their coupon payment effectively starting the 30-day grace period, while also in China, the State Planner issued a notice on the crackdown of cryptocurrency mining, will strictly prohibit financing for new crypto mining projects and strengthen energy consumption controls of new crypto mining projects. Subsequently, the PBoC issued a notice to further prevent and dispose of the risks from speculating on cryptocurrencies, to strengthen monitoring of risks from crypto trading and such activities are illegal. The news sent the crypto space tumbling as much as 8% while cryptocurrency-exposed stocks slumped in U.S. premarket trading. Marathon Digital (MARA) drops 6.5%, Bit Digital (BTBT) declines 4.7%, Riot Blockchain (RIOT) -5.9%, Coinbase -2.8%. Big banks including JPMorgan, Citigroup, Morgan Stanley and Bank of America Corp slipped about 0.5%, while oil majors Exxon Mobil and Chevron Corp were down 0.4% and 0.3%, respectively, in premarket trading.Mega-cap FAAMG tech giants fell between 0.5% and 0.6%. Nike shed 4.6% after the sportswear maker cut its fiscal 2022 sales expectations and warned of delays during the holiday shopping season. Several analysts lowered their price targets on the maker of sports apparel and sneakers after the company cut its FY revenue growth guidance to mid-single- digits. Here are some of the biggest U.S. movers today: Helbiz (HLBZ) falls 10% after the micromobility company filed with the SEC for the sale of as many as 11m shares by stockholders. Focus Universal (FCUV), an online marketing company that’s been a favorite of retail traders, surged 26% in premarket trading after the stock was cited on Stocktwits in recent days. Vail Resorts (MTN) falls 2.7% in postmarket trading after its full-year forecasts for Ebitda and net income missed at the midpoint. GlycoMimetics (GLYC) jumps 15% postmarket after announcing that efficacy and safety data from a Phase 1/2 study of uproleselan in patients with acute myeloid leukemia were published in the journal Blood on Sept. 16. VTV Therapeutics (VTVT) surges 30% after company says its HPP737 psoriasis treatment showed favorable safety and tolerability profile in a multiple ascending dose study. Fears about a sooner-than-expected tapering amid signs of stalling U.S. economic growth and concerns over a spillover from China Evergrande’s default had rattled investors in September, putting the benchmark S&P 500 index on course to snap a seven-month winning streak. Elaine Stokes, a portfolio manager at Loomis Sayles & Co., told Bloomberg Television, adding that “what they did is tell us that they feel really good about the economy.” While the bond selloff vindicated Treasury bears who argue yields are too low to reflect fundamentals, others see limits to how high they can go. “We’d expected bond yields to go higher, given the macro situation where growth is still very strong,” Sylvia Sheng, global multi-asset strategist with JPMorgan Asset Management, said on Bloomberg Television. “But we do stress that is a modest view, because we think that upside to yields is still limited from here given that central banks including the Fed are still buying bonds.” Still, Wall Street’s main indexes rallied in the past two session and are set for small weekly gains. European equities dipped at the open but trade off worst levels, with the Euro Stoxx 50 sliding as much as 1.1% before climbing off the lows. France's CAC underperformed at the margin. Retail, financial services are the weakest performers. EQT AB, Europe’s biggest listed private equity firm, fell as much as 8.1% after Sweden’s financial watchdog opened an investigation into suspected market abuse. Here are some of the other biggest European movers today: SMCP shares surge as much as 9.9%, advancing for a 9th session in 10, amid continued hopes the financial troubles of its top shareholder will ultimately lead to a sale TeamViewer climbs much as 4.2% after Bankhaus Metzler initiated coverage with a buy rating, citing the company’s above-market growth AstraZeneca gains as much as 3.6% after its Lynparza drug met the primary endpoint in a prostate cancer trial Darktrace drops as much as 9.2%, paring the stock’s rally over the past few weeks, as a technical pattern triggered a sell signal Adidas and Puma fall as much as 4% and 2.9%, respectively, after U.S. rival Nike’s “large cut” to FY sales guidance, which Jefferies said would “likely hurt” shares of European peers Earlier in the session, Asian stocks rose for a second day, led by rallies in Japan and Taiwan, following U.S. peers higher amid optimism over the Federal Reserve’s bullish economic outlook and fading concerns over widespread contagion from Evergrande. Stocks were muted in China and Hong Kong. India’s S&P BSE Sensex topped the 60,000 level for the first time on Friday on optimism that speedier vaccinations will improve demand for businesses in Asia’s third-largest economy. The MSCI Asia Pacific Index gained as much as 0.7%, with TSMC and Sony the biggest boosts. That trimmed the regional benchmark’s loss for the week to about 1%. Japan’s Nikkei 225 climbed 2.1%, reopening after a holiday, pushing its advance for September to 7.7%, the best among major global gauges. The Asian regional benchmark pared its gain as Hong Kong stocks fell sharply in late afternoon trading amid continued uncertainty, with Evergrande giving no sign of making an interest payment that was due Thursday. Among key upcoming events is the leadership election for Japan’s ruling party next week, which will likely determine the country’s next prime minister. “Investor concerns over the Evergrande issue have retreated a bit for now,” said Hajime Sakai, chief fund manager at Mito Securities Co. in Tokyo. “But investors will have to keep downside risk in the corner of their minds.” Indian stocks rose, pushing the Sensex above 60,000 for the first time ever. Key gauges fell in Singapore, Malaysia and Australia, while the Thai market was closed for a holiday. Treasuries are higher as U.S. trading day begins after rebounding from weekly lows reached during Asia session, adding to Thursday’s losses. The 10-year yield was down 1bp at ~1.42%, just above the 100-DMA breached on Thursday for the first time in three months; it climbed to 1.449% during Asia session, highest since July 6, and remains 5.2bp higher on the week, its fifth straight weekly increase. Several Fed speakers are slated, first since Wednesday’s FOMC commentary set forth a possible taper timeline.  Bunds and gilts recover off cheapest levels, curves bear steepening. USTs bull steepen, richening 1.5bps from the 10y point out. Peripheral spreads are wider. BTP spreads widen 2-3bps to Bunds. In FX, the Bloomberg Dollar Spot Index climbed back from a one-week low as concern about possible contagion from Evergrande added to buying of the greenback based on the Federal Reserve tapering timeline signaled on Wednesday. NZD, AUD and CAD sit at the bottom of the G-10 scoreboard. ZAR and TRY are the weakest in EM FX. The pound fell after its rally on Thursday as investors looked ahead to BOE Governor Andrew Bailey’s sPeech next week about a possible interest-rate hike. Traders are betting that in a contest to raise borrowing costs first, the Bank of England will be the runaway winner over the Federal Reserve. The New Zealand and Aussie dollars led declines among Group-of-10 peers. The euro was trading flat, with a week full of events failing “to generate any clear directional move,” said ING analysts Francesco Pesole and Chris Turner. German IFO sentiment indeces will “provide extra indications about the area’s sentiment as  businesses faced a combination of delta variant concerns and lingering supply disruptions”. The Norwegian krone is the best performing currency among G10 peers this week, with Thursday’s announcement from the Norges Bank offering support In commodities, crude futures hold a narrow range up around best levels for the week. WTI stalls near $73.40, Brent near $77.50. Spot gold extends Asia’s gains, adding $12 on the session to trade near $1,755/oz. Base metals are mixed, LME nickel and aluminum drop ~1%, LME tin outperforms with a 2.8% rally. Bitcoin dips after the PBOC says all crypto-related transactions are illegal. Looking to the day ahead now, we’ll hear from Fed Chair Powell, Vice Chair Clarida and the Fed’s Mester, Bowman, George and Bostic, as well as the ECB’s Lane and Elderson, and the BoE’s Tenreyro. Finally, a summit of the Quad Leaders will be held at the White House, including President Biden, and the Prime Ministers of Australia, India and Japan. Market Snapshot S&P 500 futures down 0.3% to 4,423.50 STOXX Europe 600 down 0.7% to 464.18 German 10Y yield fell 8.5 bps to -0.236% Euro little changed at $1.1737 MXAP up 0.4% to 201.25 MXAPJ down 0.5% to 643.20 Nikkei up 2.1% to 30,248.81 Topix up 2.3% to 2,090.75 Hang Seng Index down 1.3% to 24,192.16 Shanghai Composite down 0.8% to 3,613.07 Sensex up 0.2% to 60,031.83 Australia S&P/ASX 200 down 0.4% to 7,342.60 Kospi little changed at 3,125.24 Brent Futures up 0.4% to $77.57/bbl Gold spot up 0.7% to $1,755.38 U.S. Dollar Index little changed at 93.14 Top Overnight News from Bloomberg China Evergrande Group’s unusual silence about a dollar-bond interest payment that was due Thursday has put a focus on what might happen during a 30-day grace period. The Reserve Bank of Australia’s inflation target is increasingly out of step with international counterparts and fails to account for structural changes in the country’s economy over the past 30 years, Westpac Banking Corp.’s Bill Evans said. With central banks from Washington to London this week signaling more alarm over faster inflation, the ultra-stimulative path of the euro zone and some of its neighbors appears lonelier than ever. China’s central bank continued to pump liquidity into the financial system on Friday as policy makers sought to avoid contagion stemming from China Evergrande Group spreading to domestic markets. A more detailed look at global markets courtesy of Newsquawk Asian equity markets traded mixed with the region failing to fully sustain the impetus from the positive performance across global counterparts after the silence from Evergrande and lack of coupon payments for its offshore bonds, stirred uncertainty for the company. ASX 200 (-0.4%) was negative as underperformance in mining names and real estate overshadowed the advances in tech and resilience in financials from the higher yield environment. Nikkei 225 (+2.1%) was the biggest gainer overnight as it played catch up to the prior day’s recovery on return from the Autumnal Equinox holiday in Japan and with exporters cheering the recent risk-conducive currency flows, while KOSPI (-0.1%) was lacklustre amid the record daily COVID-19 infections and after North Korea deemed that it was premature to declare that the Korean War was over. Hang Seng (-1.2%) and Shanghai Comp. (-0.8%) were indecisive after further liquidity efforts by the PBoC were offset by concerns surrounding Evergrande after the Co. failed to make coupon payments due yesterday for offshore bonds but has a 30-day grace period with the Co. remaining quiet on the issue. Finally, 10yr JGBs were lower on spillover selling from global counterparts including the declines in T-notes as the US 10yr yield breached 1.40% for the first time since early-July with the pressure in bonds also stemming from across the Atlantic following a more hawkish BoE, while the presence of the BoJ in the market today for over JPY 1.3tln of government bonds with 1yr-10yr maturities did very little to spur prices. Top Asian News Rivals for Prime Minister Battle on Social Media: Japan Election Asian Stocks Rise for Second Day, Led by Gains in Japan, Taiwan Hong Kong Stocks Still Wagged by Evergrande Tail Hong Kong’s Hang Seng Tech Index Extends Decline to More Than 2% European equities (Stoxx 600 -0.9%) are trading on the back foot in the final trading session of the week amid further advances in global bond yields and a mixed APAC handover. Overnight, saw gains for the Nikkei 225 of 2.1% with the index aided by favourable currency flows, whilst Chinese markets lagged (Shanghai Comp. -0.8%, Hang Seng -1.6%) with further liquidity efforts by the PBoC offset by concerns surrounding Evergrande after the Co. failed to make coupon payments due yesterday for offshore bonds. As context, despite the losses in Europe today, the Stoxx 600 is still higher by some 1.2% on the week. Stateside, futures are also on a softer footing with the ES down by 0.4% ahead of a busy Fed speaker schedule. Back to Europe, sectors are lower across the board with Retail and Personal & Household Goods lagging peers. The former has been hampered by losses in Adidas (-3.0%) following after hours earnings from Nike (-4.2% pre-market) which saw the Co. cut its revenue guidance amid supply chain woes. AstraZeneca (+2.1%) sits at the top of the FTSE 100 after announcing that the Lynparza PROpel trial met its primary endpoint. Daimler’s (+0.1%) Mercedes-Benz has announced that it will take a 33% stake in a battery cell manufacturing JV with Total and Stellantis. EQT (-6.5%) sits at the foot of the Stoxx 600 after the Swedish FSA announced it will open an investigation into the Co. Top European News EQT Investigated by Sweden’s FSA Over Suspected Market Abuse Gazprom Says Claims of Gas Under-supply to Europe Are ‘Absurd’ German Sept. Ifo Business Confidence 98.8; Est. 99 German Business Index at Five-Month Low in Pre-Election Verdict In FX, the rot seems to have stopped for the Buck in terms of its sharp and marked fall from grace amidst post-FOMC reflection and re-positioning in the financial markets on Thursday. Indeed, the Dollar index has regained some poise to hover above the 93.000 level having recoiled from 93.526 to 92.977 over the course of yesterday’s hectic session that saw the DXY register a marginal new w-t-d high and low at either end of the spectrum. Pre-weekend short covering and consolidation may be giving the Greenback a lift, while the risk backdrop is also less upbeat ahead of a raft of Fed speakers flanking US new home sales data. Elsewhere, the Euro remains relatively sidelined and contained against the Buck with little independent inspiration from the latest German Ifo survey as the business climate deteriorated broadly in line with consensus and current conditions were worse than forecast, but business expectations were better than anticipated. Hence, Eur/Usd is still stuck in a rut and only briefly/fractionally outside 1.1750-00 parameters for the entire week, thus far, as hefty option expiry interest continues to keep the headline pair in check. However, there is significantly less support or gravitational pull at the round number today compared to Thursday as ‘only’ 1.3 bn rolls off vs 4.1 bn, and any upside breach could be capped by 1.1 bn between 1.1765-85. CAD/NZD/AUD - Some payback for the non-US Dollars following their revival, with the Loonie waning from 1.2650+ peaks ahead of Canadian budget balances, though still underpinned by crude as WTI hovers around Usd 73.50/brl and not far from decent option expiries (from 1.2655-50 and 1.2625-30 in 1.4 bn each). Similarly, the Kiwi has faded after climbing to within single digits of 0.7100 in wake of NZ trade data overnight revealing a much wider deficit as exports slowed and imports rose, while the Aussie loses grip of the 0.7300 handle and skirts 1.1 bn option expiries at 0.7275. CHF/GBP/JPY - The Franc is fairly flat and restrained following a dovish SNB policy review that left in lagging somewhat yesterday, with Usd/Chf and Eur/Chf straddling 0.9250 and 1.0850 respectively, in contrast to Sterling that is paring some hawkish BoE momentum, as Cable retreats to retest bids circa 1.3700 and Eur/Gbp bounces from sub-0.8550. Elsewhere, the Yen has not been able to fend off further downside through 110.00 even though Japanese participants have returned to the fray after the Autumn Equinox holiday and reports suggest some COVID-19 restrictions may be lifted in 13 prefectures on a trial basis. SCANDI/EM/PM/CRYPTO - A slight change in the pecking order in Scandi-land as the Nok loses some post-Norges Bank hike impetus and the Sek unwinds a bit of its underperformance, but EM currencies are bearing the brunt of the aforementioned downturn in risk sentiment and firmer Usd, with the Zar hit harder than other as Gold is clings to Usd 1750/oz and Try down to deeper post-CBRT rate cut lows after mixed manufacturing sentiment and cap u readings. Meanwhile, Bitcoin is being shackled by the latest Chinese crackdown on mining and efforts to limit risks from what it describes as unlawful speculative crypto currency trading. In commodities, WTI and Brent are set the conclude the week in the green with gains in excess of 2% for WTI at the time of writing; in-spite of the pressure seen in the complex on Monday and the first-half of Tuesday, where a sub USD 69.50/bbl low was printed. Fresh newsflow has, once again, been limited for the complex and continues to focus on the gas situation. More broadly, no update as of yet on the Evergrande interest payment and by all accounts we appear to have entered the 30-day grace period for this and, assuming catalysts remain slim, updates on this will may well dictate the state-of-play. Schedule wise, the session ahead eyes significant amounts of central bank commentary but from a crude perspective the weekly Baker Hughes rig count will draw attention. On the weather front, Storm Sam has been upgraded to a Hurricane and is expected to rapidly intensify but currently remains someway into the mid-Atlantic. Moving to metals, LME copper is pivoting the unchanged mark after a mixed APAC lead while attention is on Glencore’s CSA copper mine, which it has received an offer for; the site in 2020 produced circa. 46k/T of copper which is typically exported to Asia smelters. Elsewhere, spot gold and silver are firmer but have been very contained and remain well-within overnight ranges thus far. Which sees the yellow metal holding just above the USD 1750/oz mark after a brief foray below the level after the US-close. US Event Calendar 10am: Aug. New Home Sales MoM, est. 1.0%, prior 1.0% 10am: Aug. New Home Sales, est. 715,000, prior 708,000 Central Bank Speakers 8:45am: Fed’s Mester Discusses the Economic Outlook 10am: Powell, Clarida and Bowman Host Fed Listens Event 10:05am: Fed’s George Discusses Economic Outlook 12pm: Fed’s Bostic Discusses Equitable Community Development DB's Jim Reid concludes the overnight wrap WFH today is a bonus as it’s time for the annual ritual at home where the latest, sleekest, shiniest iPhone model arrives in the post and i sheepishly try to justify to my wife when I get home why I need an incremental upgrade. This year to save me from the Spanish Inquisition I’m going to intercept the courier and keep quiet. Problem is that such speed at intercepting the delivery will be logistically challenging as I remain on crutches (5 weeks to go) and can’t grip properly with my left hand due to an ongoing trapped nerve. I’m very glad I’m not a racehorse. Although hopefully I can be put out to pasture in front of the Ryder Cup this weekend. The big news of the last 24 hours has been a galloping global yield rise worthy of the finest thoroughbred. A hawkish Fed meeting, with the dots increasing and the end of QE potentially accelerated, didn’t quite have the ability to move markets but the global dam finally broke yesterday with Norway being the highest profile developed country to raise rates this cycle (expected), but more importantly a Bank of England meeting that saw the market reappraise rate hikes. Looking at the specific moves, yields on 10yr Treasuries were up +13.0bps to 1.430% in their biggest daily increase since 25 February, as both higher real rates (+7.9bps) and inflation breakevens (+4.9bps) drove the advance. US 10yr yields had been trading in a c.10bp range for the last month before breaking out higher, though they have been trending higher since dropping as far as 1.17% back in early-August. US 30yr yields rose +13.2bps, which was the biggest one day move in long dated yields since March 17 2020, which was at the onset of the pandemic and just days after the Fed announced it would be starting the current round of QE. The large selloff in US bonds saw the yield curve steepen and the long-end give back roughly half of the FOMC flattening from the day before. The 5y30y curve steepened 3.4bps for a two day move of -3.3bps. However the 2y10y curve steepened +10.5bps, completely reversing the prior day’s flattening (-4.2bps) and leaving the spread at 116bp, the steepest level since first week of July. 10yr gilt yields saw nearly as strong a move (+10.8bps) with those on shorter-dated 2yr gilts (+10.7bps) hitting their highest level (0.386%) since the pandemic began.That came on the back of the BoE’s latest policy decision, which pointed in a hawkish direction, building on the comment in the August statement that “some modest tightening of monetary policy over the forecast period is likely to be necessary” by saying that “some developments during the intervening period appear to have strengthened that case”. The statement pointed out that the rise in gas prices since August represented an upside risks to their inflation projections from next April, and the MPC’s vote also saw 2 members (up from 1 in August) vote to dial back QE. See DB’s Sanjay Raja’s revised rate hike forecasts here. We now expect a 15bps hike in February. The generalised move saw yields in other European countries rise as well, with those on 10yr bunds (+6.6bps), OATs (+6.5bps) and BTPs (+5.7bps) all seeing big moves higher with 10yr bunds seeing their biggest climb since late-February and back to early-July levels as -0.258%. The yield rise didn’t stop equity indices recovering further from Monday’s rout, with the S&P 500 up +1.21% as the index marked its best performance in over 2 months, and its best 2-day performance since May. Despite the mood at the end of the weekend, the S&P now starts Friday in positive territory for the week. The rally yesterday was led by cyclicals for a second straight day with higher commodity prices driving outsized gains for energy (+3.41%) and materials (+1.39%) stocks, and the aforementioned higher yields causing banks (+3.37%) and diversified financials (+2.35%) to outperform. The reopening trade was the other main beneficiary as airlines rose +2.99% and consumer services, which include hotel and cruiseline companies, gained +1.92%. In Europe, the STOXX 600 (+0.93%) witnessed a similarly strong performance, with index led by banks (+2.16%). As a testament to the breadth of yesterday’s rally, the travel and leisure sector (+0.04%) was the worst performing sector on this side of the Atlantic even while registering a small gain and lagging its US counterparts. Before we get onto some of yesterday’s other events, it’s worth noting that this is actually the last EMR before the German election on Sunday, which has long been signposted as one of the more interesting macro events on the 2021 calendar, the results of which will play a key role in not just domestic, but also EU policy. And with Chancellor Merkel stepping down after four terms in office, this means that the country will soon be under new management irrespective of who forms a government afterwards. It’s been a volatile campaign in many respects, with Chancellor Merkel’s CDU/CSU, the Greens and the centre-left SPD all having been in the lead at various points over the last six months. But for the last month Politico’s Poll of Polls has shown the SPD consistently ahead, with their tracker currently putting them on 25%, ahead of the CDU/CSU on 22% and the Greens on 16%. However the latest poll from Forschungsgruppe Wahlen yesterday suggested a tighter race with the SPD at 25, the CDU/CSU at 23% and the Greens at 16.5%. If the actual results are in line with the recent averages, it would certainly mark a sea change in German politics, as it would be the first time that the SPD have won the popular vote since the 2002 election. Furthermore, it would be the CDU/CSU’s worst ever result, and mark the first time in post-war Germany that the two main parties have failed to win a majority of the vote between them, which mirrors the erosion of the traditional big parties in the rest of continental Europe. For the Greens, 15% would be their best ever score, and exceed the 9% they got back in 2017 that left them in 6th place, but it would also be a disappointment relative to their high hopes back in the spring, when they were briefly polling in the mid-20s after Annalena Baerbock was selected as their Chancellor candidate. In terms of when to expect results, the polls close at 17:00 London time, with initial exit polls released immediately afterwards. However, unlike the UK, where a new majority government can immediately come to power the day after the election, the use of proportional representation in Germany means that it could potentially be weeks or months before a new government is formed. Indeed, after the last election in September 2017, it wasn’t until March 2018 that the new grand coalition between the CDU/CSU and the SPD took office, after attempts to reach a “Jamaica” coalition between the CDU/CSU, the FDP and the Greens was unsuccessful. In the meantime, the existing government will act as a caretaker administration. On the policy implications, it will of course depend on what sort of government is actually formed, but our research colleagues in Frankfurt have produced a comprehensive slidepack (link here) running through what the different parties want across a range of policies, and what the likely coalitions would mean for Germany. They also put out another note yesterday (link here) where they point out that there’s still much to play for, with the SPD’s lead inside the margin of error and with an unusually high share of yet undecided voters. Moving on to Asia and markets are mostly higher with the Nikkei (+2.04%), CSI (+0.53%) and India’s Nifty (+0.52%) up while the Hang Seng (-0.03%), Shanghai Comp (-0.07%) and Kospi (-0.10%) have all made small moves lower. Meanwhile, the Evergrande group missed its dollar bond coupon payment yesterday and so far there has been no communication from the group on this. They have a 30-day grace period to make the payment before any event of default can be declared. This follows instructions from China’s Financial regulators yesterday in which they urged the group to take all measures possible to avoid a near-term default on dollar bonds while focusing on completing unfinished properties and repaying individual investors. Yields on Australia and New Zealand’s 10y sovereign bonds are up +14.5bps and +11.3bps respectively this morning after yesterday’s move from their western counterparts. Yields on 10y USTs are also up a further +1.1bps to 1.443%. Elsewhere, futures on the S&P 500 are up +0.04% while those on the Stoxx 50 are down -0.10%. In terms of overnight data, Japan’s August CPI printed at -0.4% yoy (vs. -0.3% yoy expected) while core was unchanged in line with expectations. We also received Japan’s flash PMIs with the services reading at 47.4 (vs. 42.9 last month) while the manufacturing reading came in at 51.2 (vs. 52.7 last month). In pandemic related news, Jiji reported that Japan is planning to conduct trials of easing Covid restrictions, with 13 prefectures indicating they’d like to participate. This is likely contributing to the outperformance of the Nikkei this morning. Back to yesterday now, and one of the main highlights came from the flash PMIs, which showed a continued deceleration in growth momentum across Europe and the US, and also underwhelmed relative to expectations. Running through the headline numbers, the Euro Area composite PMI fell to 56.1 (vs. 58.5 expected), which is the lowest figure since April, as both the manufacturing (58.7 vs 60.3 expected) and services (56.3 vs. 58.5 expected) came in beneath expectations. Over in the US, the composite PMI fell to 54.5 in its 4th consecutive decline, as the index hit its lowest level in a year, while the UK’s composite PMI at 54.1 (vs. 54.6 expected) was the lowest since February when the country was still in a nationwide lockdown. Risk assets seemed unperturbed by the readings, and commodities actually took another leg higher as they rebounded from their losses at the start of the week. The Bloomberg Commodity Spot index rose +1.12% as Brent crude oil (+1.39%) closed at $77.25/bbl, which marked its highest closing level since late 2018, while WTI (+1.07%) rose to $73.30/bbl, so still a bit beneath its recent peak in July. However that is a decent rebound of roughly $11/bbl since its recent low just over a month ago. Elsewhere, gold (-1.44%) took a knock amidst the sharp move higher in yields, while European natural gas prices subsidised for a third day running, with futures now down -8.5% from their intraday peak on Tuesday, although they’re still up by +71.3% since the start of August. US negotiations regarding the upcoming funding bill and raising the debt ceiling are ongoing, with House Speaker Pelosi saying that the former, also called a continuing resolution, will pass “both houses by September 30,” and fund the government through the first part of the fiscal year, starting October 1. Treasury Secretary Yellen has said the US will likely breach the debt ceiling sometime in the next month if Congress does not increase the level, and because Republicans are unwilling to vote to raise the ceiling, Democrats will have to use the once-a-fiscal-year tool of budget reconciliation to do so. However Democrats, are also using that process for the $3.5 trillion dollar economic plan that makes up the bulk of the Biden agenda, and have not been able to get full party support yet. During a joint press conference with Speaker Pelosi, Senate Majority Leader Schumer said that Democrats have a “framework” to pay for the Biden Economic agenda, which would imply that the broad outline of a deal was reached between the House, Senate and the White House. However, no specifics were mentioned yesterday. With Democrats looking to vote on the bipartisan infrastructure bill early next week, negotiations today and this weekend on the potential reconciliation package will be vital. Looking at yesterday’s other data, the weekly initial jobless claims from the US for the week through September 18 unexpectedly rose to 351k (vs. 320k expected), which is the second week running they’ve come in above expectations. Separately, the Chicago Fed’s national activity index fell to 0.29 in August (vs. 0.50 expected), and the Kansas City Fed’s manufacturing activity index also fell more than expected to 22 in September (vs. 25 expected). To the day ahead now, and data highlights include the Ifo’s business climate indicator from Germany for September, along with Italian consumer confidence for September and US new home sales for August. From central banks, we’ll hear from Fed Chair Powell, Vice Chair Clarida and the Fed’s Mester, Bowman, George and Bostic, as well as the ECB’s Lane and Elderson, and the BoE’s Tenreyro. Finally, a summit of the Quad Leaders will be held at the White House, including President Biden, and the Prime Ministers of Australia, India and Japan. Tyler Durden Fri, 09/24/2021 - 08:12.....»»

Category: blogSource: zerohedgeSep 24th, 2021

Kraft Heinz has cut costs to the bone. Insiders say the strategy has hurt innovation, created employee turnover, and more.

Kraft Heinz has been cutting costs across the board - and here's why critics say one of the biggest names in food has taken several steps back. Jell-O, Heinz ketchup, and Oscar Mayer hot dogs are among Kraft Heinz's best-known products. Kraft Heinz; Shutterstock; Marianne Ayala/Insider Kraft Heinz has gotten a sales lift from pandemic demand for food that people can eat at home. But the company has suffered under the private-equity owner 3G Capital since its 2015 creation. Here's a rundown of why critics say one of the biggest names in food has taken several steps back. See more stories on Insider's business page. Kraft Heinz owns some of the best-known brands in food, including Jell-O and Oscar Mayer hot dogs.But people familiar with the company's strategy say it's mismanaged them by focusing too much on maximizing profits instead of building up the business.Insiders also say Kraft Heinz and its private-equity owner, 3G Capital, have failed to invest enough in new products that would grow sales over the long haul.And while demand for more food Americans can eat at home has lifted Kraft Heinz's sales during the coronavirus pandemic, employees still left en masse this year, anticipating more problems after things return to normal.The danger for Kraft Heinz now is that while it has massive scale advantages over upstart brands like Beyond Meat, Hu chocolate, and Flow water, selling products under decades-old brands may become more complicated. Many consumers are looking for new and healthier options. If the company focuses too much on efficiencies, Kraft Heinz risks missing out on the next big food trend, according to food-industry analysts.Below is Insider's coverage of the fallout at Kraft Heinz resulting from the company's cost-cutting strategy:Kraft Heinz budget cuts created a dysfunctional companySince its 2015 inception, following the $50 billion merger of Kraft Foods and H.J. Heinz, Kraft Heinz has cut costs under a model that 3G Capital used to make operations leaner at Burger King and Tim Horton's.Kraft executives have told investors they would run the company more efficiently while finding new ways to grow sales. Attempts at the latter included selling blended versions of the company's condiments, which led to the release of a mix of its ketchup and ranch known as "Kranch."At the company's corporate offices, employees are feeling the squeeze of that strategy. Budgets for everything from travel to promoting new products were cut year after year. The company also went through annual reorganizations and rounds of layoffs, with those left behind forced to do more with less.Read more: 3G's merger of Kraft and Heinz is killing morale, causing burnout, and choking innovation, some employees say. Now, the company could get left behind as the economy reopens.Read more: Why the private-equity playbook failed Kraft HeinzRead more: Kraft Heinz just agreed to sell Planters for $3.4 billion. Here's how the deal fits into its broader culling of food brands.Read more: Kraft Heinz just unveiled a 'platform'-based strategy for managing its food brands. Here's how the top US executive hopes to finally get sales growing again. Kraft Heinz; Samantha Lee/Insider Kraft Heinz's investments in e-commerce may not be enough in the long runKraft Heinz has championed some high-growth areas of its business. The best example is its e-commerce division, which manages relationships with online retailers like Amazon. Kraft Heinz even tapped a 15-year veteran of Amazon as its most recent e-commerce chief.But even that part of the business has been beset by problems. Employees say recruits from the tech world have clashed with old-school food-industry employees, leading to turnover. In September, a leaked email revealed the company's e-commerce lead was headed out the door.Industry analysts also say investing in areas like e-commerce, even if done right, may not be enough to prop up the company.Read more: Kraft Heinz tried to supercharge its e-commerce strategy by looking to Amazon. Instead, it created 'a clash of cultures' between the old-school food industry and tech types.Read more: Leaked email reveals Kraft Heinz is losing its e-commerce chief, an Amazon hire who created 'a clash of cultures' between the old-school food industry and tech typesRead more: Experts say Kraft Heinz faces a real nightmare scenarioKraft Heinz is an extreme example, but other big food companies also face challenges as they try to stay relevantBig food companies have scale, but they aren't always nimble enough to respond to consumer demands. Kraft Heinz and its peers, including Kellogg, General Mills, Unilever, and Nestlé, have set up initiatives to work with small brands to stay on top of trends.Like Kraft Heinz, many have also benefited from an eating-at-home craze during the pandemic. As vaccines become more widespread and daily life moves toward normal, those companies are trying to keep as many of those pandemic-era customers buying as possible.Read more: CPG giants like Procter & Gamble and Mars are on the hunt for the next DTC breakout company. Here's what 4 execs say they're looking for.Read more: Shoppers flocked to packaged foods during the pandemic. Now, Kraft Heinz, General Mills, and Kellogg are supercharging marketing spend to keep them buying.Read more: Here's how to impress a VC with your food startup, according to the head of Kraft Heinz's $100 million venture fundRead the original article on Business Insider.....»»

Category: personnelSource: nytSep 21st, 2021

NASDAQ Briefly Tops 10K and Finishes with New High

NASDAQ Briefly Tops 10K and Finishes with New High The NASDAQ momentarily reached five figures on Tuesday as money moved back into tech and gave the reopening rally a much-needed break. That’s right… the index eclipsed 10,000 for the first time ever today. It wasn’t able to stay over that mark, but it did finish at a fresh closing high. The NASDAQ rose 0.29% (or about 29 points) to 9953.75. The first record high since the coronavirus was achieved just yesterday. The FAANGs were out front once again with Facebook (FB), Apple (AAPL), Amazon (AMZN) and Netflix (NFLX) all advancing by more than 3% each. Stocks that were clobbered during the shutdown had been leading the market higher for over a week due to excitement over the reopenings.   Investors were moving into areas like airlines, financials, casinos, cruise companies and retailers… and this renewed interest came at the expense of tech. Well, that ended on Tuesday… and unfortunately so did the Dow’s six-day winning streak. It slipped 1.09% (or approximately 300 points) to 27,272.30. But don’t feel too bad, the index jumped just under 7% last week. The S&P inched into positive territory for 2020 yesterday, but it’s back in the red after slipping 0.78% to 3207.18. Investors have been waiting for some pullback in this hot market, but today’s pause probably isn’t enough to quell their concerns when you consider the epic surge since the coronavirus low in late March. Tomorrow we’ll get comments from Chair Jerome Powell after the Fed meeting. He’s not expected to be making much news, but should reassure the market that the central bank will continue doing all it can to support this economy. Today's Portfolio Highlights: Stocks Under $10: The portfolio cashed in a triple-digit winner yesterday in Altimmune (ALT), and Brian was back today with a replacement pick. The editor added Duluth Holding (DLTH) a Zacks Rank #2 (Buy) casual wear, workwear and accessories retailer with a Zacks VGM of “A”. This company had a strong beat in its most recent report and earnings estimates have been heading higher for this quarter and this year. It also has a nice valuation. In addition to all this, DLTH has a 32% short interest position, which means it’s ripe for squeezing in an improving environment with a reopening economy. Read the full write-up for more. Surprise Trader: The S&P took a break on Tuesday after turning positive for 2020, which Dave considers to be “a perfect day for a little housekeeping”. He sold part or all of three positions today, including half of CAE (CAE) for a nice 46.9% return in less than a month. The editor also sold all of Casey’s General Store (CASY) and Ciena (CIEN) for slight losses. But that’s not all. The editor added homebuilder Lennar (LEN) today, which has beaten for four straight quarters with a surprise of 53% last time. It seems poised to continue that streak with an Earnings ESP of 6.98% for the quarter coming before the bell on Tuesday, June 16. Read the full write-up for more on all of today’s moves. By the way, this portfolio had one of the best performers of the day as Chewy (CHWY) rose 5.6%. TAZR Trader: Shares of Elastic (ESTC) have only pulled back slightly since soaring before its quarterly report. However, Kevin added this enterprise data search and analytics platform on Tuesday because its expected to continue growing revenues by more than 25% into next year. The company reported revenue growth of more than 53% in its most recent quarter, but is still small enough to be a M&A target. The editor added this Zacks Rank #1 (Strong Buy) with a 7% allocation and would buy more if it slips to the $74-$75 area. Read more about ESTC in the complete commentary, along with all the raised target prices from institutional analysts. Zacks Short List: The portfolio changed out four positions in this week’s adjustment. The stocks that were short-covered on Tuesday included: • Ross Stores (ROST) • Darden Restaurants (DRI) • ACInterActiveCorp (IAC) • V.F. Corp. (VFC) The new buys that replaced these names are: • Aptiv PLC (APTV) • Las Vegas Sands (LVS) • Royal Dutch Shell (RDS.A) • Ryman Hospitality (RHP) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. 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

NASDAQ Finishes Above 10K with Third Straight Record Close

NASDAQ Finishes Above 10K with Third Straight Record Close SPECIAL ALERT: The June episode of the Zacks Ultimate Strategy Session is now available for viewing! Tune in to this “must-see” event when Kevin Matras, Kevin Cook, Brian Bolan and Sheraz Mian discuss the investment landscape from several angles. Don’t miss your chance to hear: • Sheraz and Kevin Cook Agree to Disagree on whether the market has discounted the worst of the earnings recession even though we haven’t seen the trough yet • Kevin Matras answers questions covering riots and the impact on the stock market, why some are calling this a bull market while others call it a bear market rally and more in Zacks Mailbag • Sheraz and Brian choose one portfolio to give feedback for improvement • And much more Simply log on to Zacks.com and view the June episode here. And please let us know what you think of this format. Email all feedback to mailbag@zacks.com. Money flowed out of economically-sensitive areas for the second consecutive session on Wednesday, leading to another day of losses for the Dow and S&P but helping the NASDAQ to close above 10,000 for the first time ever. All eyes were on the Fed and Chair Jerome Powell’s post-meeting statements. Basically, the central bank plans to keep doing all it can to support this economy, which has a long way to go before being healthy again. Stocks were obviously waiting for the Fed news and then chopped around after the announcement. The end result was a market quite similar to yesterday’s. The NASDAQ is again outperforming its counterparts as investors are getting back into tech after flirting with stocks that would benefit most from the reopening economy. The index momentarily crossed over 10,000 yesterday and closed above that mark today. It advanced 0.67% (or about 66 points) to 10,020.35 for its third straight session with a record high. Apple (AAPL, +2.57%) and Amazon (AMZN, +1.79%) continued their record-setting runs, while Tesla (TSLA,+8.87%) and Microsoft (MSFT, +3.71%) also took advantage of the renewed interest in tech. The S&P dipped 0.53% to 3190.14, while the Dow again saw the sharpest decline with a slip of 1.04% (or about 282 points) to 26,989.99. The Dow has declined 2% in the past two sessions, but had gained approximately 8% during its recent 6-day winning streak. Most of what Powell said was expected, including the plan to keep rates low for the foreseeable future while this economy works through all the damage done during the shutdown. However, the outlook going forward remains uncertain and there could be a “long road back” to pre-virus strength. Such a forecast undoubtedly disappointed much of the market, which has been optimistic lately that the recovery could happen quicker. Let’s see if there’s any delayed reaction to the Fed news tomorrow… and if the NASDAQ can keep making new highs. Today's Portfolio Highlights: Surprise Trader: Steel stocks have been absent from the portfolio for several quarters now, but that changed on Wednesday when Dave added Commercial Metals (CMC). The company manufactures, recycles and markets steel and metal products, related materials and services. It has beaten the Zacks Consensus Estimate for five straight quarters and appears poised to do it again with an Earnings ESP of 17.65% for the quarter coming before the bell on Thursday, June 18. The editor added CMC on Wednesday with a 12.5% allocation. Meanwhile, he also sold Navistar (NAV) for a 10.2% return in less than two weeks. Read the complete commentary for more on today’s moves. Counterstrike: "I’ve never seen such a wide disparity between the S&P and the Nasdaq so trying to figure out what happens next is challenging. "The big question is what happens when tech hits the wall. We will see some liquidation at some point, but if supply hits the market on fear, will the S&P diverge or will we see them move together?  "There is potential for a selloff based simply on gravity. But I’m seeing a lot of rumblings about increasing COVID cases in Texas and Arizona. While I don’t believe this is something the market should fear, we could get some selling if bad headlines start to resurface. In my opinion, the pandemic is over when it comes to the market as long as we don’t see shutdowns again." -- Jeremy Mullin, who had one of the top performers of the day with Zynex (ZYXI, +6.3%). 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

Stocks Slide as Tech Stalls Again

Stocks Slide as Tech Stalls Again Stocks dipped sharply in the final hour of trading on Tuesday, as tech regressed from yesterday’s bounce and the busiest week of earnings season continued. One day after leading the market higher and starting this week on positive footing, tech stocks returned to their recently-underperforming ways and slid into the background. As a result, the NASDAQ was easily the biggest loser with a decline of 1.27% (or about 134 points) to 10,402.09. The pullback nearly wiped out Monday’s 1.67% advance. All of the FAANGs were lower again. Each of them declined more than 1%, led by Alphabet (GOOG, -1.95%), Amazon (AMZN, -1.8%) and Apple (-1.64%). It just so happens that these three names are all reporting after the bell this coming Thursday. The Dow lost 0.77% (or about 205 points) to 26,379.28 and the S&P was off 0.65% to 3218.44. These indices were up 0.43% and 0.74%, respectively, yesterday. Earnings results were mixed on Tuesday. Pfizer (PFE), which has been making encouraging headlines recently about a coronavirus vaccine in collaboration with partner BioNTech, beat second-quarter expectations and raised its guidance. Shares advanced nearly 4%. However, there were disappointing reports from the likes of 3M (MMM, -4.85%) and McDonald’s (MCD, -2.49%). The big report after the bell came from chipmaker Advanced Micro Devices (AMD), which raised its full-year revenue guidance. Investors love upward revisions during normal times, but it’s all the better in such a difficult environment. Shares of AMD are up approximately 10% afterhours, as of this writing.  In addition to another large round of earnings reports tomorrow, we’ll also be hearing from the Fed. Today we learned that their lending programs will be extended to the end of the year, rather than expire at the end of September. Everyone will be listening to Chair Jerome Powell’s remarks tomorrow, which will certainly include a reiteration that the Fed will do everything it can to keep the economy moving during this pandemic. And in the background of all this is Congress, and its debate over the next coronavirus relief plan. Senate Republicans unveiled their plan last night, but we might not get any real movement for a while. We’re all expecting them to get something done sooner or later as current benefits are set to expire, but they’ll probably take as much time as possible to attack each other in this election year. So don’t hold your breath. Today's Portfolio Highlights:  Surprise Trader: The early days of earnings season are a great time for “quick turnarounds” in this portfolio, because it gives Dave “as many at-bats as possible” during this busy time. He had another one for us today. BG Foods (BGS) is a Zacks Rank #2 (Buy) that reports after the bell on this coming Thursday, July 30. It beat by nearly 7% last time and has an Earnings ESP of 1.56% for the coming report. Current quarter EPS estimates suggest growth of more than 68%. BGS was added on Tuesday with a 12.5% allocation. The editor also sold NETGEAR (NTGR) today for a 14.3% return in just two weeks. Learn more about today’s moves in the complete commentary. In other news, this portfolio had one of the best performers of the day as Turning Point Brands (TPB) rose 9.4% after raising its 2020 guidance during its second-quarter report. Stocks Under $10: Believe it or not, some retailers are actually getting stronger during this pandemic. It all revolves around online sales, of course. Brian added a company on Tuesday that’s getting a lot of growth from this area. Casper Sleep (CSPR) manufactures home furnishing products, especially mattresses, pillows, sheets, bedroom furniture, and sleep technology. The company hasn’t been public for long and missed expectations in its first two reports, but rising earnings estimates have made it a Zacks Rank #2 (Buy). The editor sees good growth for CSPR and believes it’s structured to prosper in this difficult environment while other retailers struggle. Read the full write-up for more on this new addition. Meanwhile, this portfolio had a Top 5 performer on Tuesday with SunOpta (STKL) rising 8.5%. Zacks Short List: It's almost a brand new portfolio after this week's adjustment as seven names were replaced. The stocks that were short-covered today included: • Las Vegas Sands (LVS, +8.6%) • Incyte Corp. (INCY, +6.8%) • Advanced Disposal Services (ADSW) • NeoGenomics (NEO) • Mimecast Ltd. (MIME) • Marathon Petroleum (MPC) • NovoCure Ltd. (NVCR) The new buys that filled these open spots were: • Match Group (MTCH) • Sunrun (RUN) • The TJX Cos. (TJX) • Tiffany (TIF) • V.F. Corp. (VFC) • Xylem (XYL) • Yandex N.V. (YNDX) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. 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

NASDAQ, S&P Gain Over 1% as Fed Continues Support

NASDAQ, S&P Gain Over 1% as Fed Continues Support Two of the major indices jumped by more than 1% on Wednesday with tech moving higher again and the Fed being wonderfully predictable in this month’s meeting. The NASDAQ has been all over the place this week. It led the market higher on Monday, lagged behind its counterparts on Tuesday, and was back in the lead today. The index rose 1.35% (or about 140 points) to 10,542.94. Investors have been getting increasingly concerned in recent weeks about tech running too hot, but they just can’t stay away for long. Several FAANG CEOs were testifying in Washington about alleged anti-competitive practices today, but it didn’t make a dent in their performances. Except for Netflix (NFLX, -0.82%), those companies all jumped more than 1% today. Apple (AAPL) was out front with a 1.92% advance. The S&P rose 1.24% to 3258.44. The Dow couldn’t get over 1%, but still advanced 0.61% (or around 160 points) to 26,539.57. We’re just a day away now from what will likely be the main event of this busy week of earnings season. Apple, Facebook (FB), Amazon (AMZN) and Alphabet (GOOG) all report on Thursday, though it will be after the bell. One of the big tech stories today was chipmaker Advanced Micro Devices (AMD), which soared over 12.5% after raising its full-year revenue guidance last night. There were no surprises from the Fed this month… and that’s just how we like it! They kept interest rates unchanged at historically low levels and plan to keep them down there for the foreseeable future. Fed Chair Jerome Powell did say that financial conditions have improved in recent months (thanks in large part to the Fed itself). However, we’ve still got a long way before recovering from this pandemic, especially since coronavirus cases spiked again and we still don’t have a vaccine. Therefore, the most important thing Mr. Powell did today was reiterate what he’s already said many times before: the Fed will do all it can to support this economy until the pandemic is history. Today's Portfolio Highlights: Large-Cap Trader: The portfolio swapped out a few positions on Wednesday… and booked THREE double-digit profits along the way. Those stocks were Alibaba (BABA, +54.2%), Tencent (TCEHY, +32.9%) and Repligen (RGEN, +20.4%). John sold the first two because he usually secures profits when big Chinese tech stocks go on a run. It’ll take a lot to repeat this kind of success, but the editor thinks he can do it with these new buys: • Pentair (PNR) • Microchip Technology (MCHP) • Cisco (CSCO) MCHP is a Zacks Rank #1 (Strong Buy), while the other two are Zacks Rank #2s (Buys). These stocks are all from highly-ranked industries and have now strung together several quarters of positive surprises. More specifically, MCHP and CSCO have both beaten 14 straight quarters, while PNR has 10. Plus, they all have plenty of running room to get back to their highs. Read the complete commentary for John’s extensive analysis on today’s moves.  Home Run Investor: The portfolio is now filled up with 15 names after today’s addition of Commercial Metals Corporation (CMC), which Brian believes will capitalize on the increase in metals prices. The company has beaten earnings estimates in the past four quarters, including a 110% surprise in the most recent. Earnings estimates for this year and next have moved sharply higher, making CMC a Zacks Rank #1 (Strong Buy). The editor even thinks its valuation is “wonderful” right now. See the complete commentary for a lot more on this new addition.   Surprise Trader: The new buy for Wednesday was TPG Specialty Lending (TSLX), a Zacks Rank #2 (Buy) specialty finance company that’s focused on lending to middle-market companies. This name is also known as Sixth Street Specialty Lending. It has a positive Earnings ESP of 28.82% for the quarter coming after the bell on Tuesday, August 4. Dave added TSLX today with a 12.5% allocation, while also selling Criteo (CRTO). See the full write-up for more on today’s action. Stocks Under $10: It was only a little over a week ago that Brian bought U.S. Xpress Enterprises (USX), a provider of transportation services with a “wonderful” chart and two consecutive quarters of positive earnings surprises. Well, the company did it again in its second quarter by beating the Zacks Consensus Estimate by 220%. Revenue also surpassed our expectations. Shares surged nearly 29% on Wednesday, which easily made it the best performing stock of the day among all ZU names. It is now up more than 23% in the portfolio since being added just 8 days ago. 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

NASDAQ Rebounds While Waiting for Big Tech Reports

NASDAQ Rebounds While Waiting for Big Tech Reports Some rough economic data was released on Thursday, but the market was really holding its breath in anticipation of FOUR FAANGs releasing quarterly numbers after the bell. Excitement over these reports may explain why the NASDAQ managed to reverse a morning slide and finish the session in the green, while its counterparts pared their own earlier losses. Let’s just get right to it since it’s what we’ve been talking about all week. Facebook (FB), Apple (AAPL), Amazon (AMZN) and Alphabet (GOOG) reported after the close on Thursday. Despite feeling an impact from the coronavirus, they ALL beat earnings and revenue expectations. Some specifics included AAPL reporting its best third-quarter ever and initiating a 4-for-1 stock split; FB growing users despite its challenges; AMZN fighting through $4 billion worth of coronavirus spending; and GOOG reporting its first quarterly revenue loss in history. As of this writing, all the stocks have gained afterhours. FB is up more than 6%, AMZN and AAPL increased more than 4% each, and GOOG has advanced more than 1%. It will be interesting to see how the market responds to all of this tomorrow. As for Thursday’s session, the market was certainly crossing its fingers while waiting for these reports, but there were other factors impacting the indices’ performances. Second-quarter GDP plunged by 32.9%, which was actually a little better than expectations. However, it also marked the sharpest drop in economic activity… ever. Meanwhile, jobless claims of 1.434 million last week marked the second straight week with a decline, though it was in-line with expectations. So the reports were pretty rough… but they were expected to be. In fact, they were expected to be even worse. The market, though, was hoping we’d be further along at this point, but the coronavirus spikes and reopening delays limited the recovery so far. Stocks started the day with stiff losses, but improved as the day continued and the tech reports grew closer. The NASDAQ, which has waffled between being first and last among the indices lately, came all the way back from the morning sluggishness. It gained 0.43% (or nearly 45 points) to 10,587.81. The Dow dropped 0.85% (or about 225 points) to 26,313.65, while the S&P slipped 0.38% to 3246.22. These indices were well off their lows of the session. The NASDAQ and the S&P go into Friday’s session with gains for the week, but the Dow is down by about 0.6%. However, they’re all up for the month heading into the final day. Let’s see if these tech reports can help us end July on a high note tomorrow… Today's Portfolio Highlights: Surprise Trader: The building products – wood space is in the Top 8% of the Zacks Industry Rank right now, and Dave found a name from this area that looks set for a positive surprise. JELDWEN (JELD) makes all types of doors and windows for new construction, as well as repair and remodeling services for residential and non-residential businesses. This Zacks Rank #2 (Bull) beat by 8.3% last time and has a positive Earnings ESP of 10.09% for the quarter coming before the bell on Tuesday, August 4. The editor added JELD on Thursday with a 12.5% allocation, while also selling NXP Semi (NXPI). Read the full write-up for more on today’s moves.  Blockchain Innovators: With a few hours to go before its report, Dave decided to sell Facebook (FB) and secure a return of approximately 36%. That’s a nice result, but the stock has been in the portfolio for over a year and the editor would like to see more upward momentum. He filled this open spot with Gain Capital (GCAP), a Zacks Rank #2 (Buy) investment bank that is involved with retail cryptocurrency trading accounts. The best part is that this stock pays a dividend, so the portfolio will be making money while waiting for the business to take off. Read the full write-up for more.  Insider Trader: The portfolio has plans for several new buys over the coming weeks, but first it needs to make some room. Therefore, Tracey sold a bunch of names on Thursday. However, the biggest gain came from Cincinnati Financial (CINF), which the editor only halved for a profit of about 34.4% in just under three months. Meanwhile, she sold ALL of the following positions: • Nike (NKE, +13.8%) • KeyCorp (KEY, +10.9%) • Alegiant Travel (ALGT, +0.7%) • TrustCo Bank Corp NY (TRST) • CME Group (CME) See the complete commentary for specifics on today’s action. 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

NASDAQ Hits New Record as Stocks Overcome Weak Jobs Data

NASDAQ Hits New Record as Stocks Overcome Weak Jobs Data A disappointing jobless claims report dragged stocks lower in the morning, but good old technology helped the market recover and even log another record close. Let’s just get the unpleasantries out of the way. There were over 1.1 million jobless claims last week, which was more than expected. Even worse though, it comes just a week after this report dipped under 1 million for the first time in 20 straight weeks, making it even more disheartening. And we’re just a day removed from a less-than-enthusiastic read on the economy from the Fed, which stated that this pandemic could “weigh heavily” on prospects for the near-term and possibly medium-term. Maybe such news will foster some urgency in Congress to get a coronavirus relief packaged passed. But don’t hold your breath. Nevertheless, the market persevered with a lot of help from tech. The FAANGs all gained more than 2% on Wednesday save Amazon (AMZN) with a 1.13% advance. Microsoft (MSFT) was over 2% too. As a result, the NASDAQ jumped 1.06% (or around 118 points) to a new record of 11,264.95. This marks the third milestone for the index this week. The S&P was up 0.32% to 3385.51, while the Dow broke a three-day losing skid by rising 0.17% (or nearly 47 points) to 27,739.73. The NASDAQ and S&P are both higher for the week heading into Friday’s session. The former index is actually up more than 2% so far on a strong week for technology. The Dow is down by less than 1%. It’s shaping up to be the opposite of last week when the Dow jumped 1.8% while the NASDAQ fought to stay positive. Today's Portfolio Highlights: Surprise Trader: Natural and organic foods company Hain Celestial (HAIN) will be going for a fourth straight positive surprise on Tuesday, August 25th before the bell. With a positive Earnings ESP of 2.94%, the company has a good chance of succeeding. The Zacks Consensus Estimate for this quarter calls for earnings growth of more than 28%, while next quarter’s is as high as 112%. Dave added HAIN on Thursday with a 12.5% allocation, while also selling JELDWEN (JELD) for an 8.5% return in less than a month. Read the full write-up for more.  Technology Innovators: The portfolio swapped out chip names on Thursday as Brian does a little fine-tuning. The editor sold Semtech (SMTC) for a nearly 21% return in a little over two months, and replaced it by adding FormFactor (FORM). The new buy is an OEM of automated wafer probe cards that are used in the back-end portion of the semiconductor manufacturing process. FORM has beaten the Zacks Consensus Estimate in each of the past four quarters with an average surprise of 28%. Rising earnings estimates have made it a Zacks Rank #1 (Strong Buy). Increasing margins should lead to higher EPS and a bigger multiple, which Brian believes will send FORM into the mid $30s. The service also sold the underperforming Simulations Plus (SLP) position today. Read the full write-up for more specifics on today’s moves. By the way, this portfolio had the best performer of the day as Tesla (TSLA) rose 6.56%.  Insider Trader: Shares of New Relic (NEWR) sold off after its recent quarterly report, but this analytics and infrastructure software company is in a transition phase. It’s reducing products from 11 all the way down to 3 and introduced a new free tier. Apparently, the President & COO feels pretty good about these moves, because he bought 9,000 shares yesterday, which comes to about $510,000. Tracey sees this as a “confidence buy” and decided to add this name with the remaining 10% in cash. Therefore, this portfolio is now fully invested. The complete commentary has more specifics on this new addition. 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 Crosses 3400, Continues Record Pace with NASDAQ

S&P Crosses 3400, Continues Record Pace with NASDAQ The S&P and NASDAQ continued trekking through record territory to begin this week, assisted by some encouraging news on coronavirus treatment. It’s also a big help that the market is simply in a fantastic mood right now with those two indices recovering all of the pandemic plunge, despite not having a new relief package and recently receiving a rather cautious outlook from the Fed. The market can’t get enough of positive news on fighting the coronavirus, so it really appreciated that the FDA issued an emergency use authorization for convalescent plasma for hospitalized patients. It’s not a vaccine of course, but it will save lives. There’s also talk of the White House fast-tracking an experimental vaccine out of the U.K. Given such encouragement on the virus front, tech wasn’t the only space propping up the market. The recovery names did well too, such as airlines, casinos and cruise companies. In fact, Carnival (CCL) soared more than 10% today. Therefore, the Dow had the best performance with an advance of 1.35% (or around 378 points) to 28,308.46. The index may still be more than 5% away from a new high, but this did mark the first close above 28,000 since February before the virus really took hold. But no one is talking about the Dow right now… not while its counterparts are making history. The S&P soared past 3400 for the first time ever by jumping 1% to a new record of 3431.28. That’s the third closing high in the past six sessions.  The NASDAQ now has five new highs in that time, after rising 0.60% (or nearly 68 points) today to 11,379.72. Even though the ‘back to normal’ stocks did well today, tech wasn’t sitting on its hands. All but one of the FAANGs were higher, led by Facebook (FB, +1.64%) and Apple (AAPL, +1.2%). It’s Jackson Hole week… or, at least, a virtual version of it. Fed Chair Jerome Powell’s presentation could be one of the biggest events of the week, especially coming after his lackluster reading of the economy in the most recent Fed minutes. The jobless claims number on Thursday will also be interesting. Was last week’s move above 1 million a blip? Or was the previous week’s move under 1 million the blip? Let’s see what happens! Today's Portfolio Highlights: ETF Investor: Homebuilders have been hot recently, so it’s no surprise that Neena added some exposure to the space on Monday. But instead of going with segment leader ITB, the editor decided to add SPDR S&P Homebuilders ETF (XHB). This fund offers more diversified exposure, as it also invests in building products and home furnishings companies… rather than just homebuilders. It’s also cheaper. Spending in home improvement is unlikely to end anytime soon, so XHB has tons of potential for the portfolio. Meanwhile, Neena also sold IShares Edge MSCI Min Vol USA ETF (USMV) for a more than 17% return. Read the full write-up for more on today’s moves.  Surprise Trader: Not only has Ambarella (AMBA) been beating the Zacks Consensus Estimate for years now, but it soared past expectations by 500% last time! In fact, this video compression & image processing semiconductors company has an average surprise of nearly 300% over the past four quarters. Dave thinks the company, whose products are big in the autonomous vehicle industry, will continue this impressive history of outperformance when it reports again on Wednesday, September 2 after the bell. He’s especially confident because AMBA has an Earnings ESP of 100% for the quarter. The portfolio added this stock on Monday with a 12.5% allocation. Technology Innovators: Earnings estimates for PAR Technology (PAR) are on the rise across the board, which has lifted this restaurant & retail technology company to a Zacks Rank #2 (Buy). More than 100,000 restaurants in over 110 countries use PAR’s point of sale hardware and software. In its most recent report, the company reported an earnings per share surprise of 25%. Once margins start to improve, Brian thinks this stock could show off some solid earnings power. The editor also sold InterDigial (IDCC) for a more than 9% return in a little over three months after the stock slipped all the way to a Zacks Rank #5 (Strong Sell). Read the full write-up for a lot more on today’s moves. Black Box Trader: The portfolio cashed in a couple double-digit winners on Monday as part of its weekly adjustment, which included three changes in all. The stocks that were sold today included: • Lumber Liquidators (LL, +26.8%) • AutoNation (AN, +10.8%) • Camping World Holdings (CWH) The new buys that replaced these names were: • Big Lots (BIG) • BJs Wholesale Club (BJ) • The Mosaic Company (MOS) Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing. 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

Another Session of New Highs for the NASDAQ and S&P

Another Session of New Highs for the NASDAQ and S&P Even a rare decline in Apple (AAPL) couldn’t derail the record-setting pace of the NASDAQ and S&P on Tuesday, but the Dow was another story as the index snapped a three-day winning streak. The NASDAQ may have seen some red in the morning, but it eventually moved higher again and finished with a gain of 0.76% to 11,466.47. Apple’s five-day winning streak came to an end just a few days before its 4-for-1 stock split, but the rest of the FAANGs did fine. Facebook (FB) even rose by nearly 3.5%, while Amazon (AMZN) and Alphabet (GOOG) each rose by over 1%. Meanwhile, the S&P advanced 0.36% to 3443.62. Both this index and the NASDAQ had another round of new highs… of course any advance currently makes history for these indices. Unfortunately, the Dow wasn’t included, though it did come well of the lows of the session and remained above 28K. The index slid 0.21% (or about 60 points) to 28,248.44. In addition to the decline in Apple, the Dow may have been under a bit of pressure after yesterday’s announcement of a major shake-up due to the iPhone maker’s stock split. Salesforce (CRM, +3.64%), Amgen (AMGN, +5.37%) and Honeywell (HON, +3.24%) will replace ExxonMobil (XOM, -3.17%), Pfizer (PFE, -1.11%) and Raytheon (RTX, -1.5%), respectively. The changes will be effective before the open on Monday, August 31. The dropping of XOM is the end of an era, as the oil giant has been in the index longer than any other. Stocks also had to wade through a disappointing consumer confidence result, but also an ebullient report for newly-built homes that included a 36% surge in July. And despite the rising tensions between the two countries, it looks like there’s been some progress between the U.S. and China when it comes to working on that Phase 1 trade deal. Remember when that was the big story? Through the good news and the bad, this market just keeps moving higher for the most part. It’s making some folks nervous. How much longer will this last? Today's Portfolio Highlights: Stocks Under $10: With Sangamo Therapeutics (SGMO) sliding to Zacks Rank #4 (Buy) status, Brian thought it was a good time to exit this biotech and take a nice 31% return in a little over three months. The new addition was Lincoln Educational Services (LINC), a leading and diversified for-profit provider of a career-oriented post-secondary education. It’s more of a trade school than anything else, according to the editor, and there’s always going to be a need for skilled labor. The company beat the Zacks Consensus Estimate in the past two quarters, convincing analysts to raise their estimates for this year and next. As a result, LINC is a Zacks Rank #2 (Buy). Brian was also impressed with the steady increase in operating margins over the last three quarters, which should lead to higher EPS moving forward. Read the full write-up for more specifics.  Counterstrike: The market’s record-setting pace leaves it vulnerable to a significant downside move, according to Jeremy. Therefore, the editor made a couple moves on Tuesday to prepare for the slide. He’s giving ProShares UltraPro Short QQQ (SQQQ) one more chance by adding 5% to the position, which was originally bought in early July. It hasn’t been performing well because the NASDAQ just refuses to move lower, but that's got to change at some point and today's weakness in Apple (AAPL) could mean it's close. Meanwhile, Logitech (LOGI) would be hurt if there’s a tech downturn, so the portfolio sold the stock for a 7.6% return in one month. Read the full write-up for more on today’s moves.  Commodity Innovators: Crude oil not only avoided breaking lower last week, but it has cleared its 200-day moving average and looks to move even higher. Jeremy thinks the commodity is going to $45 or more. Therefore, he added ProShares Ultra Bloomberg Crude oil (UCO) on Tuesday, which will trade 2X the daily move in crude. He considers this a short-term position. In other news, the editor also sold IPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) for a more than 9% return. Read the full write-up for more. Zacks Short List: The portfolio swapped out two positions in this week's adjustment. The short-covered stocks were Pinduoduo (PDD, +4.4%) and Tiffany (TIF, +2.6%), while the new buys that filled these open spots were Netflix (NFLX) and Yandex N.V. (YNDX). Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

NASDAQ Adds Another 1% as Tech Recovery Continues

NASDAQ Adds Another 1% as Tech Recovery Continues SPECIAL ALERT: The September episode of the Zacks Ultimate Strategy Session is now available for viewing! Tune in to this "must-see" event when Kevin Matras, Kevin Cook, Dan Laboe, Ben Rains and Sheraz Mian discuss the investment landscape from several angles. Don't miss your chance to hear: • Ben and Dan Agree to Disagree on market valuation - is it still overvalued after this correction? Or is it harder to compare because of historically high valuations and a different interest rate environment? And does this tech-driven rally play a part? • Kevin Matras answers questions covering what you should do about the recent pullback and what stocks will do ahead of the election in Zacks Mailbag • Sheraz and Dan choose one portfolio to give feedback for improvement • And much more Simply log on to Zacks.com and view the September episode here. And please let us know what you think of this format. Email all feedback to mailbag@zacks.com. Tech continued to slowly recover from its two-week smackdown on Tuesday, while we all wait to hear what the Fed has to say after its most recent meeting. The NASDAQ rose 1.21% (or about 133 points) today to 11,190.32, marking a two-day advance of just about 3% after Monday’s jump of nearly 1.9%. But let’s not get too excited. The index is still more than 7% away from its closing high, which was reached less than two weeks ago! All of the FAANGs were positive on Tuesday with Netflix (NFLX, +4.1%) and Facebook (FB, +2.36%) leading the way. Microsoft (MSFT) joined in with a 1.6% increase. Apple (AAPL), which was the only FAANG that was positive yesterday, actually lagged everyone despite its virtual product launch event. The iPhone maker managed a rise of only 0.16%. The S&P is back above 3400 (for the first time since September 4) after rising 0.52% to 3401.20. The Dow jumped by more than 200 points at its best in the session, but could only hold onto a gain of 0.01% (or about two points) to 27,995.60. All of the indices rose by over 1% yesterday on positive vaccine news and a fresh round of deal making. The next market mover could be the Fed, which will finish its two-day meeting tomorrow with comments from Chair Jerome Powell. You wouldn’t think such a meeting could make much difference these days, since everyone and their mother knows that rates will stay right where they are at historical lows for the foreseeable future. But the Fed has impacted the market twice in recent weeks… and it didn’t have to do anything to rates. We know they’ll be cautious… but HOW cautious? And what will be their tone?   “I expect the Fed to do nothing and keep some familiar language,” said Jeremy Mullin in Counterstrike. “They will likely comment on the economy improving, the virus preventing a full recovery and reiterate that they are watching inflation. Should be no surprises so likely a non-event. A move after the fed over 3420 would be bullish.” We’ll see what happens tomorrow… Today's Portfolio Highlights: Stocks Under $10: The solid homebuilding industry should be a boon for Cornerstone Building Brands (CNR), which makes exterior building products like windows, vinyl siding and insulated metals panels. The company has beaten the Zacks Consensus Estimate in three of the past four quarters with a triple-digit surprise last time. CNR is still expected to lose money this year, but the estimate has narrowed to a loss of 45 cents from a loss of $1.42. But Brian is most excited about next year’s expectations, which have jumped to a profit of 34 cents from a loss of 22 cents in the past 60 days. These improving numbers have made the company a Zacks Rank #2 (Buy). The editor added CNR on Tuesday, while also getting out of A10 Networks (ATEN). Read the full write-up for more on today’s moves. In other news, this portfolio also had the best performer of the day among all ZU names as Digital Turbine (APPS) rose 13.3%. Meanwhile, Tufin Software Technologies (TUFN) also made the Top 5 with an increase of 5.8%. Zacks Short List: It’s almost a brand new portfolio today, as this week’s adjustment included swapping out eight of the ten names. The stocks that were short-covered on Tuesday included: • China Lodging (HTHT, +10%) • The Trade Desk (TTD, +5.4%) • Burlington Stores (BURL, +0.1%) • Ross Stores (ROST) • Las Vegas Sands (LVS) • Five Below (FIVE) • XPO Logistics (XPO) • Performance Food Group (PFGC) The new buys that filled these just-opened positions were: • Netflix (NFLX) • Nike (NKE) • PVH Corp. (PVH) • ServiceNow (NOW) • StoneCo (STNE) • TAL Education Group (TAL) • V.F. Corp. (VFC) • Yandex N.V. (YNDX) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. 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

Dow"s Four-Day Run Ends as Stocks Dip Again

Dow's Four-Day Run Ends as Stocks Dip Again New Zacks Feature: ASK ALEXA Now call out a stock name or ticker. Alexa will give you its latest Zacks Rank and price. Also hear daily additions and deletions to your portfolio. For easy directions on starting Zacks on Alexa, click here >> The NASDAQ dropped by more than 1% for a second straight session on Thursday, as money continued to flow out of tech despite better-than-expected jobless numbers and the promise of near zero rates for years to come.  Sometimes the market needs a day to digest Fed news, even if they take rate hikes off the table until 2023 at least. Stocks dipped on Wednesday despite the news, but there was a chance they could bounce back in the following session. But they didn't. Instead, the NASDAQ dipped another 1.27% (or around 140 points) to 10,910.28. That marks a two-day decline of approximately 2.5% as all of the FAANGs were down by more than 1% for a second consecutive day. The S&P was off 0.84% to 3357.01, while the Dow snapped its four-day winning run with a decline of 0.47% (or about 130 points) to 27,901.98. The market had been dealing remarkably well with the lack of more coronavirus relief, but Chair Jerome Powell's comments yesterday seemed to remind investors just how much of a void this lack of compromise has left. He let it be known that the economy's best chance to stay vibrant during this pandemic was for action from both the Fed and Congress... though only one has come through so far. Meanwhile, jobless claims last week came in at a very high 860,000, but it was better than expectations and the previous week. More importantly, it marked the third straight week under 1 million, which has become a rather important statistic during this pandemic. So the week started off with two days of solid gains and then was followed by a couple sessions of losses. Now the indices head into Friday with modest gains for these four days as they attempt to break two straight weeks of losses. Let's see what happens. Today's Portfolio Highlights: Insider Trader: Shares of Public Storage (PSA) have recovered from the coronavirus selloff and are now up 4% year-to-date. This self-storage facility operator also has a dividend that currently yields 3.6%. However, Tracey was most impressed that two directors -- who rarely ever buy -- suddenly picked up shares in the past couple of weeks. And they're making these moves while momentum is on the rise for PSA with shares up more than 10% in the past month. Why are they buying now? It could be an indication that these insiders feel pretty good about their company thriving amid and after this pandemic. The editor added PSA on Thursday with an 8% allocation, which is the remaining cash in the portfolio. Read the full write-up for a lot more on this new addition. Income Investor: With volatility on the rise, Maddy wanted to add a low-risk ETF that provides consistent income. And you can't get more consistent than a stock that raises its quarterly dividend for 20 consecutive years or more. On Thursday, the editor added SPDR S&P Dividend ETF (SDY), which specializes in these types of names by tracking the S&P High Yield Dividend Aristocrats Index. The fund has bounced more than 30% since the coronavirus low, but is still down 10.7% year to date. The editor sees a lot of ground left to recover and appreciates its annual growth rate of 8.1% over the past five years. Read the complete commentary for a lot more on this new addition.  Technology Innovators: This new work-from-home environment means that people need more than just a computer and an Internet connection. They need all the peripherals too, and that's where Logitech (LOGI) comes in. This Zacks Rank #1 (Strong Buy) develops and markets innovative products in PC navigation, Internet connections, digital music, home-entertainment control, video security, interactive gaming and wireless devices. As remote working has grown in importance, so too has LOGI's quarterly earnings surprises. Most recently, it topped by 77%! Brian also thinks its improving margins and rising sales numbers will mean even bigger EPS numbers moving forward. The editor added LOGI on Thursday, while also selling United States Cellular (USM, +3.9%), MaxLinear (MXL) and FormFactor (FORM). Read the full write-up for a lot more on all of today's moves. Blockchain Innovators: IT consulting firm Virtusa (VRTU) was recently bought out for about $2 billion, sending shares higher by 67.4% since inception less than four months ago. Dave decided to take this 'victory lap' -- and that profit -- by exiting the stock on Thursday. The new buy is Iteris (ITI), a Zacks Rank #2 (Buy) aggregator of traffic data. Municipalities have been hiring the company to help them optimize the flow of traffic and enhance safety. However, Dave thinks that ITI has bigger plans for its blockchain technology moving forward and will build on this subscription revenue model. The autonomous driving industry could be a possibility, since it already utilizes blockchain. Read the full write up for more on today's moves. 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

NASDAQ, S&P Jump Over 1% Each to End Their Four-Day Skids

NASDAQ, S&P Jump Over 1% Each to End Their Four-Day Skids SPECIAL ALERT: The upcoming election could spark a major buying opportunity for savvy investors. Both President Trump and Joe Biden have announced big plans that could move trillions into new market sectors. Those sectors could surge higher immediately after the election in anticipation of the massive investment of federal dollars and a changing regulatory environment. Zacks' 2020 Election Stock Report features 6 picks to own if Trump wins and 6 if Biden wins, based on their policy positions. Our previous reports led investors to gains of +71%, +83%, +185% – and this year’s returns could be even more impressive. Log on to Zacks.com to read the report now. For the first time in a week, all three major indices moved higher in the same session as tech resumed a leadership position on Tuesday. There was no fantastic news today that would turn the market around. In fact, the situation was pretty much the same as yesterday, which led to a very rough session that saw the Dow plunge more than 500 points. The U.K. is still putting on new restrictions due to a spike in coronavirus cases, and we’re still nowhere near a fresh coronavirus package to replace the aid that expired weeks ago. However, perhaps four days of losses was just too much for this market even in the midst of a September slump.    The NASDAQ jumped 1.71% (or nearly 185 points) to 10,963.64. That puts an end to its four-day losing streak, which also included three days of drops over 1%. All of the FAANGs were higher with Amazon (AMZN, +5.69%) leading the way followed by Facebook (FB, +2.66%) and Alphabet (GOOG, +2.4%). The S&P also snapped a four-session slide by rising 1.05% to 3315.57. The Dow rose 0.52% (or about 140 points) to 27,288.18, which is barely even a dent in Monday’s 1.8% plunge but does break its own three-day losing skid. This was the first time since Tuesday, September 15 that all of these indices were higher at the same time.   Fed Chair Jerome Powell was making comments again today. He was testifying in front of the House Financial Services Committee. There was nothing groundbreaking in his comments, though he reiterated that the Fed will do all it can to support the economy and that we need more pandemic relief. Treasury Secretary Steven Mnuchin was also testifying and agreed that a deal was needed. Both of these guys will be speaking again later this week on the Senate side. Today's Portfolio Highlights: Stocks Under $10: It was time to clean out some of the bigger underperformers in the portfolio, so Brian sold Lincoln Educational (LINC), Solaris Oilfield (SOI) and Casper Sleep (CSPR) on Tuesday. The editor immediately filled one of those holes by adding Harmonic (HLIT), a communications name with its own operating system for cable boxes. HLIT has beaten the Zacks Consensus Estimate in three of the past four quarters, with the most recent report also including a raised guidance for the full year. Earnings estimates for this year and next are moving in the right direction, which explains why HLIT is a Zacks Rank #2 (Buy). It should become profitable next year. Some of the older subscribers may remember that HLIT was in the portfolio last year and brought a gain of more than 13%. Brian is hoping for more this time around. Read the full write-up for a lot more on all of today’s moves.  Surprise Trader: There’s only going to be one buy for the portfolio this week because Dave is going on vacation. So it’s kind of fitting that today’s addition is Thor Industries (THO), a mobile home and RV company that helps people take vacations while keeping a social distance. Not only is this stock a Zacks Rank #2 (Buy), but it’s also part of a space in the top 14% of the Zacks Industry Rank. THO has a positive Earnings ESP of 4.51% for the quarter being reported before the bell on Monday, September 28. The editor added THO on Tuesday with a 12.5% allocation, and also sold the underperforming Brady Corp. (BRC) position. Read the complete commentary for more. Zacks Short List: The portfolio swapped out two positions in this week's adjustment. It short-covered PVH Corp. (PVH, +8.5%) and ServiceNow (NOW), and then replaced them by adding The Trade Desk (TTD) and XPO Logistics (XPO). Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. Have a Great Evening! Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Dow, S&P See First Weekly Declines of November

Dow, S&P See First Weekly Declines of November The market didn’t receive the Friday rally that was needed to sustain November’s upward momentum, as concerns over rising coronavirus cases led to weekly declines for two of the major indices. The Dow slipped 0.75% (or nearly 220 points) to 29,263.48, while the S&P declined 0.68% to 3557.54. These indices saw their first weekly pullbacks of the month, but only by approximately 0.7% and 0.8% respectively. However, they’re still sharply higher over the past three weeks. The NASDAQ was off 0.42% (or nearly 50 points) to 11,854.97, but advanced 0.2% for the week as tech became a safety play again with Covid cases on the rise. We keep getting encouraging vaccine news, such as Pfizer (PFE) and partner BioNTech applying for emergency use authorization with the FDA. Earlier this week, the duo announced that Phase 3 trials showed its vaccine was even more effective than originally thought at approximately 95%, compared to ‘more than’ 90% as first announced on November 9. But while last week was all about the future, this week was mostly about the here and now. And its not just Covid’s resurgence that is concerning investors (though that is the epicenter of everything). It’s also the dilly-dallying on a stimulus package and now this disagreement between the Treasury and Fed on continuing some emergency programs. Sentiment has shifted quite a bit since various places have begun reinstating restrictions, including huge population centers in New York, California and Illinois. Such regression is what the market feared the most. But let’s not forget that we’re in a much better place than we were when November began, and the market has responded accordingly. The Dow is still up more than 10% this month, while the other indices have each climbed over 8%. And here's something to keep in mind from Dave in today’s Surprise Trader:   “There are a few trends developing in this market which tell me to continue my bullish tilt. The first, is the consistent rebound in the most beat down COVID names. Another trend is terrible COVID news being mostly overshadowed by positive vaccine progress. “This is the main event and the tug-of-war where most of the market’s energy is being exhausted. Positive vaccine news is leading to larger absolute moves than the negative COVID news. The constant stream of money into the aforementioned downtrodden names only exacerbates this point.” Today's Portfolio Highlights: Blockchain Innovators: For his second buy of the week, Dave picked up a company that’s well off its highs despite rising earnings estimates. That’s a divergence that “typically works out” since the stock has plenty of running room ahead. The new addition is A10 Networks (ATEN), which provides software-based application networking solutions. The company has beaten the Zacks Consensus Estimate for several quarters in a row, while increasing estimates has made the stock a Zacks Rank #2 (Buy). Make sure to read the complete commentary for more on this service’s addition of ATEN. In other news, this portfolio had TWO of the top performers today with Exp World Holdings (EXPI, +6.8%) and Intellicheck Mobilisa (IDN, +6.1%).  Insider Trader: There isn’t much insider activity amid all this uncertainty right now, but Tracey found a stock going against the grain. Arlo Technologies (ARLO) is a cloud infrastructure & mobile app company. More specifically, it’s a smart home technology name that makes things like video doorbells and spotlight cameras. Earlier this month, it reported a strong third quarter, which included adding a record 58,000 paid accounts. Earnings estimates are moving higher, but shares have been going the other way recently. It’s down 13.4% in the past three months. However, the insiders aren’t concerned. A director bought shares earlier this week, and the CEO picked up 21,000 shares last week. Tracey considers the CEO’s move to be a “confidence buy” and she followed suit today by added ARLO to the service with an 8% allocation. Read the complete commentary for a lot more on this new addition.  Options Trader: "The breaking out of small-cap stocks has long been considered a powerful bullish signal. And after their surge to new all-time record highs the other week (a feat that was two years in the making), and their push to even higher highs last week, that signals a big move ahead. "As you know, the rising case counts remain a concern, not just health-wise, but for the impact that more restrictions could impose on the economy. "But the positive vaccine and therapeutics news has been underpinning stocks. And that's because these breakthroughs are being hailed as the catalysts that will finally let the world get back to normal. "And that should send stocks skyrocketing." -- Kevin Matras 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

NASDAQ Gains More Than 4% in Four Days

NASDAQ Gains More Than 4% in Four Days Leave it to the NASDAQ to continue making history on a day that seemed set for the market to take a break. The index only rose by 0.09% (or about 12 points) to 13,543.06, but that was enough to reach a new closing high for the third consecutive session. It now has a four-day winning streak, including two gains of more than 1.5%, and jumped 4.2% for the week. And this was a short week with only four days. The report from Netflix (NFLX) on Tuesday really whetted the market’s appetite for big tech names. The streaming giant’s top and bottom lines weren’t very impressive, but investors loved seeing the company surpass 200M subscribers. The stock has been down the past two days, but its still up double digits for the week after climbing approximately 17% on Wednesday. The market can barely wait for the rest of the FAANGs… and they won’t have to wait long. Apple (AAPL, +1.6%) and Facebook (FB, +0.6%) will report next Wednesday, January 27. Both of these stocks jumped more than 9% this week. We’ll also be getting reports from Microsoft (MSFT) on Tuesday and Tesla (TSLA) on Wednesday, along with dozens of others as earnings season picks up some steam. By the way, Amazon (AMZN) and Alphabet (GOOG) won’t be reporting until February 2, so we’ll be spared the ‘four FAANGs in one day’ scenario that we saw in October. Meanwhile, the S&P couldn’t keep the record pace going, but it only slipped 0.3% on Friday to 3841.47. It was still up 1.9% this week. The Dow got shellacked by big declines from IBM (IBM, -9.9%) and Intel (INTC, -9.3%). It finished lower by 0.57% (or nearly 180 points) to 30,996.98, but still rose 0.6% for the week. Today's Portfolio Highlights:   Blockchain Innovators: The portfolio added its most direct blockchain play on Friday. CleanSpark (CLSK) is a Zacks Rank #2 (Buy) that considers itself an advanced software and controls technology solutions company. But Dave is most interested in its direct connection to bitcoin prices through its crypto mining business. In fact, an additional 1,000 ASICs bitcoin miners were purchased last month. Meanwhile, the editor decided to sell its recently stagnating Akamai (AKAM) position for a nice return of approximately 54.4%. Read the complete commentary for more on today’s moves. Technology Innovators: Big cap tech can be a safety play when the small caps get smashed, which is something we’ve seen in recent sessions. Brian doesn’t have a lot of exposure to the big guys because he’s more of an aggressive investor, but he decided to add NetApp (NTAP) on Friday. This $14 billion computer storage company isn’t a “glamour name”, but it is a Zacks Rank #1 (Strong Buy) that has beaten the Zacks Consensus Estimate for three straight quarters now. It has a four-quarter average surprise of 35%. The editor also likes its valuation. “This isn’t a fast grower, only mid to high single digits on the top line, but there is great stability in the business,” he said. See the full write-up for more specifics on this addition. Surprise Trader: You’re not going to run into a whole lot of people out on the open water, so boats have become quite popular during this pandemic. One of the biggest names in the field is MarineMax (HZO), a Zacks Rank #2 (Buy) that beat by more than 190% last time. Now it has a positive Earnings ESP of 24.63% for the quarter coming before the bell on Thursday, January 28. Dave added HZO on Friday with a 12.5% allocation, while also selling Hancock Whitney (HWC) for a slight loss. Read the full write-up for more on today’s moves. 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