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Category: topSource: redinewsNov 15th, 2021

Bulls & Bears Collide In Crypto-Land: Hot-Hands Versus HODLers

Bulls & Bears Collide In Crypto-Land: Hot-Hands Versus HODLers Bears are on the hunt for Bitcoin HODLers profits, whilst supply dynamics approach a new equilibrium, and derivative markets remain heated... Amid the "fear and panic" in the crypto markets, as Bitcoin drops 50% from all-time-highs, Glassnode.com's 'Permabull Nino'  details the current uncertainty that overhangs the Bitcoin market, and the psychology of its participants attempting to regain their footing in the following areas: HODLer profits sitting at key historical levels, and the overall observable investor response Zoomed out supply dynamics and spending behavior among short-term and long-term holders, and what it indicates about investor sentiment in the medium to long term Derivative activity, and what it can imply about shorter term expectations towards Bitcoin price action HODLers Profits Under Siege The Bitcoin price is currently trading down ~50% from the ATH set in November 2021. As the drawdown worsens, an increasingly significant volume of BTC supply has fallen into an unrealized loss. Approximately 5.7 million BTC are now underwater (~30% of circulating supply). As the bears apply pressure to the in-profit cohort of holders, Bitcoin bulls are defending a historically significant level of the Percent of Supply in Profit metric. This magnitude of 'top heavy supply' was defended in two instances in the last few years: May 2020 - July 2020, the quiet recovery period following the extreme move downwards from Covid-related panic. May 2021 - July 2021, the choppy and accumulative period following a historical deleveraging event. The reaction from this level will likely provide insight into the medium term direction of the Bitcoin market. Further weakness may motivate these underwater sellers to finally capitulate, whereas a strong bullish impulse may offer much needed psychological relief, and put more coins back into an unrealized profit. Live Chart We can establish an appreciation of market-wide psychology by observing who is parting ways with their coins, and why and when these spends are taking place. The Percent of Transfer Volume in Profit chart displays the proportion of coins spent on-chain that were last moved at lower prices, as a gauge for macro fear and greed. Percent of Transfer Volume in Profit > 65% signals that a large amount of coins are being spent in profit. This historically occurs during bullish impulses, as holders take advantage of market strength. Percent of Transfer Volume in Profit < 40% signals that on-chain volumes are dominated by coins acquired at higher prices. This historically occurs in market downtrends and especially capitulation events. The sell-off this week saw less than 40% of spent volume in profit, reaching levels that historically coincide with capitulation events. Past instances at this level have preceded a bullish reversal, and a period of general risk-on behaviour. Live Chart The low levels of profitable coin spends is also evident in the Realized Profit chart, which shows the profitability of BTC moved, on a USD basis. In-profit holders are displaying a notable unwillingness to spend coins, with consistent Realized Profit values below $1 Billion/day. In the face of tumultuous and unconvincing price action, this signals that this cohort of holders are patiently waiting for higher prices to spend their respective supply. Climbing realized profits, especially above the $1 Billion level and accompanied by positive price performance, signals demand absorption of coins, and is a metric to watch in the coming weeks. Live Chart Meanwhile, Realized Losses remain elevated and trending higher, as underwater holders spend coins that were acquired near the market top through October and November. On average, daily Realized Loss values are ~$750 Million/day, behavior that is comparable to the May - July 2021 capitulation lows. The consistency of large loss realization events is indicative of uneasiness within the market, however also reflects an estimate of demand inflows to absorb these spent coins. Sustained periods of large realized loss does put the onus on the bulls to prove sufficient demand support. A macro decline in realized loss values would be a more encouraging signal for the bulls, as it provides an early indication of sell-side exhaustion. Live Chart The stalemate at play between price action, Realized Profits, and Realized Losses is visible in the 28-day Market Realized Gradient (MRG), which compares the momentum in Market Cap (speculative value) versus the Realized Cap (real capital inflows). Positive values signal that a bull trend is in tact, and upwards momentum in spot markets is growing. Negative values signal that a bear trend is in play, and momentum favors the bears. Large values signal that Bitcoin is possibly overbought (positive) or oversold (negative), as market valuation deviates from more fundamental capital inflows or outflows, respectively. The MRG trend and values indicate that current market pricing is nearing a point of equilibrium with capital inflows, with a month's long bullish divergence developing. A firm break above zero would signal a bullish reversal is in play, whilst a break down would suggest momentum is accelerating to the downside. Live Workbench Chart Cohorts and Psychology We can also analyse the psychology and spending behaviour of both Short-Term Holders (STH) and Long-Term Holders (LTH) by looking at changes in their respective Realized Caps and supply dynamics. The following metric is calculated as the difference between the daily change of LTH and STH realized caps. Interpretation is as follows: Negative Values (red) signal that the STH Realized Cap is increasing more on a daily basis than the LTH Realized Cap. This occurs during bull runs when long term holders distribute supply into new holders. Positive Values (green) signal that the LTH Realized Cap is increasing more on a daily basis than the STH Realized Cap, which occurs during bearish accumulation markets as STH activity decreases, and unspent coins mature into the LTH cohort. Values currently sit near zero with a general trend to the upside, indicative of a softening of distribution by LTHs, the market reaching a new equilibrium, and a potential reversal into accumulation. Note however, that the process of establishing similar market equilibrium and possible macro bottoms has historically taken several months to resolve. Live Workbench Chart The modest distribution of coins from LTHs to STHs is reflected in the Total Supply Held metric, as the net volume of coins held by the STH cohort has increased in recent months. The supply held by this cohort sits at ~3 Million BTC, a relative historical low, and a level that signifies a transition into a HODLer dominated market. This has been in effect since the May 2021 deleveraging event. Low STH supply levels are typical of bearish trends, as old coins remain dormant, and younger coins are slowly accumulated by high conviction buyers. Live Chart Next we turn to the Realized Cap HODL Waves, which reflects the breakdown of the Realized Cap by coin age, and cost basis. The chart below has been filtered for coins younger than 3 months to further highlight the forces at play within the shorter term holder cohort. Generally speaking, lower values in this metric speak to a bearish trend where old coins are dormant, and young coins are gradually accumulated and taken off market. At present, around 40% of the Realized Cap is held in coins under 3mths old, owned by buyers entering near the market top, or during the present correction. The 1-3m band is expanding and a constructive view would see these coins continue to mature into the 3m+ band, creating a net decline in young coins. A more bearish observation would be if older coins start being spent, causing these bands to swell, and signifying an additional influx of liquid supply that must be absorbed. Live Chart Derivatives Fireworks on the Horizon Amidst downwards pressure in Bitcoin holder profitability but yet favorable medium to long term supply dynamics, futures markets remain a powder keg for short term volatility with Perpetual Futures Open Interest at ~250k BTC - a historically elevated level. Since April 2021, this has paired with large pivots in price action as the risk for a short or long squeeze increases, resolved in market wide deleveraging events. Live Chart Alongside high open interest, funding rates this week moved into negative territory, indicating that shorts were increasingly hungry for leverage. As perpetual swap markets were pushed below spot prices, it does add further bias towards a potential oversupply of short positions in close proximity to the current price. Live Chart In addition to large outstanding open interest, and negative funding rates, trading volume continues to drip lower, currently around $30B per day. This is coincident with levels in December 2020, and reflects a marked reduction from the 2021 bull market highs, hitting well above $70B/day. Should a deleveraging event occur, thinner trading volumes may accentuate the impact. Live Chart As Open Interest continues charging for a big move, funding rates drop, and futures volumes contract, Crypto-Margined Open Interest continues its march downwards versus Cash-Margined Open Interest. With only 40% of Open Interest sitting in Crypto-Margined products and in a convincing downtrend since May 2021, Cash-Margined Futures data becomes increasingly higher signal and worthy of more market participants' attention. Note that this trend is primarily driven by a relative reduction in crypto-margin on Binance, Bybit, Huobi and OKEx exchanges. Live Chart In summary, there is evidence that the market is reaching some form of price and momentum equilibrium, within what is a broader bearish market structure. Bitcoin bears certainly have the upper hand, however modest bullish divergences are appearing across a number of on-chain metrics and indicators. Coupled with elevated future open interest, and a bias that appears to be a short heavy market, a risk of a deleveraging to the upside remains on the table. Tyler Durden Sat, 01/22/2022 - 16:30.....»»

Category: worldSource: nytJan 22nd, 2022

Jack Henry"s (JKHY) Symitar Gets Selected by Two Credit Unions

Jack Henry & Associates' (JKHY) customer base gets a boost as Siouxland Federal Credit Union and Fulda Area Credit Union select Symitar to host core solution in a private cloud space. Jack Henry & Associates JKHY has been consistently gaining momentum among customers on the back of its robust portfolio of solutions.This is evident from the fact that the company’s Symitar solution has been picked by Siouxland Federal Credit Union and Fulda Area Credit Union for hosting core solution in a private cloud space.Further, both the credit unions have selected JKHY’s Banno Digital Platform to increase their operational efficiencies and offer a seamless digital experience to their members.Thus, the selection by Siouxland Federal and Fulda Area has added strength to Jack Henry’s customer base. This is expected to contribute to the company’s top-line growth in the upcoming period.Jack Henry & Associates, Inc. Price and Consensus Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. QuoteGrowing Customer BaseIn addition to the recent partnership, Westmark Credit Union selected Jack Henry’s Symitar solution for hosting core solution in a private cloud environment.IncredibleBank also selected Jack Henry’s online account opening solution to improve its online account opening procedure. Further, the bank chose JKHY’s Banno Digital Toolkit for leveraging the integrations available to Jack Henry’s customers with the help of the Banno Digital Platform.Old Missouri Bank also selected the Jack Henry banking system, Banno Digital Platform, digital lending, deposit, and payment solutions to meet growth plans as well as provide an enhanced experience to customers.In addition, Jack Henry’s lending platform has been selected by Bank of Charles Town to digitize and automate the commercial lending procedure.Further, the company has more than 300 banks and credit union partners, which remains a positive. These banks and credit unions leverage its Gladiator Centurion Enterprise-Level Recovery solution for securing the backup and recovery of critical systems in the cloud.We believe that the expanding customer base on the back of portfolio strength is expected to continue aiding the company in gaining investors’ confidence.Coming to the price performance, Jack Henry has gained 7.6% over a year against the industry’s decline of 1.9%.Image Source: Zacks Investment ResearchPortfolio Strength - Key CatalystJack Henry has been making strong efforts to strengthen its portfolio offerings to provide advanced technological solutions to customers.Recently, the company’s lending division incorporated tax return spreading into its digital lending platform called LoanVantage. This will help banks and credit unions to automate and streamline the lending procedure.In addition, the company introduced SecurePort for banks to help customers gain access to account balances and funds as well as protect them in times of crisis.Also, Jack Henry Lending launched a powerful digital solution named FactorSoft Web Portal that provides near-real-time servicing to lenders anytime and anywhere.Further, the availability of Jack Henry Consumer Loans for creating and managing loans as well as supporting borrower relationships remains noteworthy.Zacks Rank & Stocks to ConsiderCurrently, Jack Henry carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader technology sector include Advanced Micro Devices AMD, Mimecast Limited MIME and Trimble TRMB, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Advanced Micro Devices has gained 31.4% over a year. The long-term earnings growth rate for AMD is currently projected at 46.2%.Mimecast has gained 72.6% over a year. The long-term earnings growth rate for MIME is currently projected at 35%.Trimble has gained 2.6% over a year. The long-term earnings growth rate for TRMB is currently projected at 12.7%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Trimble Inc. (TRMB): Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY): Free Stock Analysis Report Mimecast Limited (MIME): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Amazon (AMZN) to Boost Physical Presence With Clothing Store

Amazon (AMZN) plans to open Amazon Style, its first physical clothing store, later this year to bolster its retail efforts. In a bid to strengthen its retail business, Amazon AMZN is gearing up to establish a clothing store, Amazon Style, in Glendale near Los Angeles, CA.Notably, the store, which is expected to open in the latter part of this year, will mark the company’s first brick-and-mortar clothing store.It will stock apparel, shoes, and accessories for men and women of several price ranges from a wide variety of popular, luxury and emerging brands.The store will feature high-tech fitting rooms, which will allow customers to scan QR codes of garments on display using Amazon’s app to select their preferred size and color. After the process, the chosen garment will be sent directly to the fitting rooms to try on.In addition to this, Amazon Style will offer real-time recommendations for each customer with the help of machine learning algorithms.With the underlined store, the company strives to offer enhanced fashion shopping experiences to customers with various budgets.Amazon.com, Inc. Price and Consensus  Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. QuoteGrowth Prospects, Deepening Retail FocusWe note that the tech-oriented clothing store under discussion will expand its presence in the fashion retail market of the United States, which, per the data from OBERLO, is expected to generate total sales of $473.4 billion in 2022, suggesting annual growth of 8.3%. Further, the figure for 2023 stands at $494.9 billion.Moreover, Amazon’s latest move bodes well for its strengthening retail strategies, which include bolstering its online as well as offline retail presence, boosting distribution channels and accelerating delivery.Apart from Amazon Style store plans, the company’s intentions to expand its Whole Foods store network across the United States remains noteworthy.The increasing number of Amazon Fresh grocery stores across the United States is another positive. Currently, the number is more than 20 in the United States.The growing base of Amazon Go, which is a cashier-less store of the company, remains another major positive. Notably, Amazon currently has more than 25 such stores.Further, expanding the Amazon 4-star store, which stocks four-star or beyond-rated products from categories like kitchen appliances and other items, home stuff, toys, books, devices, consumer electronics, and games, remains another positive.The strong footprint of Amazon bookstores is another tailwind.Intensifying Retail BattleWe note that deepening retail focus and expanding the physical presence of Amazon pose serious risks for brick-and-mortar stores as well as big retail chains like Walmart WMT, Target TGT and Costco COST.However, Amazon, which carries a Zacks Rank #4 (Sell), continues to face stiff competition from these retailers due to their robust expertise in the physical retail space as well as strong customer base. This, in turn, might make investors worrisome about the stock. Notably, Amazon has lost 7.8% over a year.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Although Walmart has lost 3.4% in the past year, it benefits from a strong inventory position, and lower markdowns. Further, with more customers and members returning to stores and clubs, demand seems strong for the company.Also, Walmart’s wide variety of stores, including discount stores, supercenters, Sam’s Clubs and Neighborhood Markets, are aiding the company in sustaining its momentum in the retail market.Target, which has risen 15.5% in a year, is gaining from the growing technology investment and modernizing the supply chain. Further, its increasing number of general merchandise stores, which provide an edited food assortment, including perishables, dry grocery, dairy and frozen items, remains positive. The expanding base of its small-format stores, which offer curated general merchandise and food assortments, is another tailwind.Costco, which has gained 33.3% over a year, is benefiting from its growth strategies, better price management, and strategy to sell products at discounted prices that have helped attract customers seeking both value and convenience. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Top Analyst Reports for Walmart, Micron & Enbridge

Today's Research Daily features new research reports on 16 major stocks, including Walmart Inc. (WMT), Micron Technology, Inc. (MU), and Enbridge Inc. (ENB). Friday, January 21, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Walmart Inc. (WMT), Micron Technology, Inc. (MU), and Enbridge Inc. (ENB). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Shares of Walmart have underperformed the Zacks Supermarkets industry over the past year (-1.9% vs. +0.5%). Walmart has been encountering supply chain issues, inflation and rising labor costs that are hurting margins. The Zacks analyst, however, believes that a strong inventory position, increased contributions from advertising revenues and lower markdowns will offset inflationary pressures.As more customers and members return to stores and clubs, the demand is likely to remain strong. WMT continues to benefit from solid omni-channel endeavors as well as last-mile delivery capabilities. Walmart is also gaining from its sturdy comp sales record, driven by its constant omnichannel efforts.(You can read the full research report on Walmart here >>>)Micron shares have gained +25.5% over the past three months against the Zacks Semiconductors industry’s gain of +26.1%, however, things seem to be improving for it. The Zacks analyst believes that Micron has been witnessing steady growth in demand for memory chips from cloud-computing providers as well as an acceleration in 5G cellular network adoptions.Better customer engagement and an improving cost structure are other major growth drivers. Adoption of 5G beyond mobile is likely to spur demand for memory and storage, particularly in Internet of Things devices. Micron’s near-term profitability, however, is likely to hurt by planned salary hikes. High level of customer inventory in the cloud, graphics and enterprise market remains another concern for Micron.(You can read the full research report on Micron here >>>)Shares of Enbridge have gained +11% in the last six months against the Zacks Oil Production and Pipeline industry’s gain of +9.5%. A significant portion of ENB’s earnings is generated from transportation operations, driven by a string of long-term contracts. The Zacks analyst believes that a huge contract base is likely to provide Enbridge stable cash flows in the coming years.With significant portion of its assets being contracted by shippers for long term, ENB’s business model is less susceptible to oil price volatility. From 2022 through 2024, it expects to generate C$9 billion from midstream growth capital projects. A huge debt exposure, however, remains a concern.(You can read the full research report on Enbridge here >>>)Other noteworthy reports we are featuring today include UBS Group AG (UBS), Marvell Technology, Inc. (MRVL) and Weyerhaeuser Company (WY).Sheraz MianDirector of ResearchNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadWalmart (WMT) Gains on E-Commerce Efforts, Hurt by Cost WoesMicron (MU) Benefits from Growing Memory-Chip DemandEnbridge (ENB) to Gain From $10B Midstream Growth ProjectsFeatured ReportsCost-Saving Efforts Aid UBS Group (UBS) Amid Negative RatesPer the Zacks analyst, UBS Group's cost-control measures are likely to drive efficiency are encouraging.Solid Storage & Networking Chip Demand Aid Marvell (MRVL)Per the Zacks analyst, Marvell is growing on solid demand for its storage and networking chips from accelerated 5G infrastructure deployment and increased adoption of cloud-based storage solutions.Solid Housing & Operational Excellence Aids Weyerhaeuser (WY)Per the Zacks analyst, Weyerhaeuser's focus on operational excellence plans, like merchandising for value as well as solid housing market momentum boost the performance.Improving Top line, Solid Balance Sheet Aid Allstate (ALL)Per the Zacks analyst, Allstate benefits from a healthy revenue stream, courtesy of a broad product suite and pricing discipline.Accretive Buyouts Aid FUJIFILM (FUJIY) Amid High Debt LoadPer the Zacks analyst, back-to-back strategic acquisitions and expanding healthcare business are likely to drive FUJIFILM's top-line growth.NetApp (NTAP) Benefits from Product Portfolio & AcquisitionsPer the Zacks analyst, NetApp's performance is gaining from continued strength in Hybrid Cloud and Public Cloud segments and robust billings growth.Cleveland-Cliffs (CLF) Gains on Acquisitions & Higher PricesPer the Zacks analyst, Cleveland-Cliffs will benefit from significant synergies of AK Steel and ArcelorMittal USA acquisitions.New UpgradesExploration Progress, Debt Reduction to Aid Freeport (FCX)According to the Zacks analyst, Freeport will benefit from its progress in exploration activities to expand production capacity and efforts to deleverage its balance sheet.Kimco (KIM) Rides Up With Essential, Necessity-Based TenantsPer the Zacks analyst, Kimco will benefit from a tenant mix focused on essential, necessity-based goods and services. Moreover, balance sheet-strengthening moves will help it to bank on growth scopes.Adient's (ADNT) Prospects to be Aided by Robust Order BookThe Zacks analyst believes that regular contract wins from legacy automakers as well as pure-play EV startups are set to boost Adient's top-line growth, going forward.New DowngradesOmicron-Led Revenue Woes & High Fuel Costs Sting Delta (DAL)The Zacks analyst is worried about the omicron-induced revenue weakness, which is likely to affect Q122 results. High fuel costs are a downside as well.Strict Regulations, Aging Facilities Hurt MDU Resources (MDU)Per the Zacks analyst, MDU Resources might be negatively impacted by cyber-security threats, aging infrastructure, stiff competition, strict government regulations, and seasonality of operations.Soft Tymlos Performance A Concern For Radius (RDUS)Per the Zacks analyst, the weak performance of Tymlos is a concern for Radius Health. Moreover, the company is highly dependent on Tymlos for growth, and a slowdown will adversely impact sales. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Walmart Inc. (WMT): Free Stock Analysis Report UBS Group AG (UBS): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Weyerhaeuser Company (WY): Free Stock Analysis Report Marvell Technology, Inc. (MRVL): Free Stock Analysis Report Enbridge Inc (ENB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Webster (WBS) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

Webster Financial's (WBS) Q4 earnings results reflect higher revenues and improved organic growth despite a low-rate economy that hurts margins. Webster Financial WBS reported fourth-quarter 2021 adjusted earnings per share of $1.31, which surpassed the Zacks Consensus Estimate of $1.10. The reported figure excluded noteworthy items, such as charges related to merger, strategic optimization and debt prepayment expenses.Higher net interest income (NII) and fee income drove the results. Moreover, declining costs, growth in loan balances and impressive capital ratios were positives. Also, the reserve release during the quarter was a tailwind. However, lower net interest margin (NIM) and deposit balance were key concerns.WBS reported earnings applicable to common shareholders of $108.4 million, up from the prior-year quarter’s $57.7 million.In 2021, Webster Financial reported a net income of $408.9 million or $4.43 per share compared with $220.6 million or $2.35 in 2020.Revenues Increase, Expenses Decline, Loans ImproveWebster Financial’s total revenues in the quarter climbed 7.9% year over year to $316.92 million. Moreover, the top line topped the Zacks Consensus Estimate of $308.76 million.In 2021, total revenues were up 4.1% from the prior-year level to $1.22 billion. The top line missed the Zacks Consensus Estimate of $2.26 billion.The NII increased 4.7% year over year to $226.7 million. Additionally, the NIM contracted 100 basis points (bps) to 2.73%.Non-interest income was $90.1 million, up 17% year over year. This rise mainly resulted from deposit service fees, investment service fees and other income.Non-interest expenses of $189.9 million dropped 13.5% from the year-ago quarter’s level. Excluding debt prepayment charges, merger and strategic initiative-related charges, this decline chiefly resulted from the benefits of Webster Financial’s strategic initiatives, partially offset by a higher performance-based compensation and medical claims.Efficiency ratio (on a non-GAAP basis) came in at 54.85% compared with 60.27% as of Dec 31, 2020. A lower ratio indicates higher profitability.Webster Financial’s total loans and leases as of Dec 31, 2021 were $22.3 billion, up 3.2%, sequentially. However, total deposits were down marginally from the previous quarter’s level to $29.85 billion.Credit Quality BettersTotal non-performing assets were $112.6 million as of Dec 31, 2021, down 34% from the year-ago quarter’s level. In addition, allowance for loan losses represented 1.35% of total loans, having shrunk 31 bps from the level as of Dec 31, 2020.A benefit for credit losses of $15 million was recorded compared with $10 million seen in the prior-year quarter. The ratio of net charge-offs to annualized average loans came in at 0.02% compared with the year-ago quarter’s 0.17%.Capital Ratios and Profitability Ratios ImproveAs of Dec 31, 2021, Tier 1 risk-based capital ratio was 12.32% compared with 11.99% as of Dec 31, 2020. Additionally, total risk-based capital ratio was 13.64% compared with the prior-year quarter’s 13.59%.Return on average assets was 1.26% in the reported quarter compared with the year-earlier quarter’s 0.73%. As of Dec 31, 2021, return on average common stockholders' equity was 13.35%, up from 9.31%. Moreover, tangible common equity ratio was 7.97%, up from 7.9%.Our ViewpointWebster Financial’s performance in the fourth quarter was decent. Given the rise in loan balances, WBS displays a solid liquidity profile. Further, its top line increased on an improving NII and non-interest income. Nonetheless, a shrinking NIM due to low interest rates was a major drag.Webster Financial Corporation Price, Consensus and EPS Surprise Webster Financial Corporation price-consensus-eps-surprise-chart | Webster Financial Corporation QuoteWebster Financial currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Performance of Other BanksFirst Republic Bank’s FRC fourth-quarter 2021 earnings per share of $2.02 surpassed the Zacks Consensus Estimate of $1.91. Additionally, the bottom line improved 26.3% from the year-ago quarter’s level.FRC’s quarterly results were supported by an increase in net interest income and non-interest income. Moreover, First Republic’s balance-sheet position was strong in the quarter. However, higher expenses and elevated net loan charge-offs were the offsetting factors.Citigroup Inc. C delivered an earnings surprise of 5.04% in fourth-quarter 2021. Income from continuing operations per share of $1.46 outpaced the Zacks Consensus Estimate of $1.39. However, the reported figure declined 24% from the prior-year quarter’s level.Citigroup’s investment banking revenues jumped in the quarter under review, driven by equity underwriting as well as growth in advisory revenues. However, fixed-income revenues were down due to declining rates and spread products.U.S. Bancorp USB reported fourth-quarter 2021 earnings per share of $1.07, which missed the Zacks Consensus Estimate of $1.11. Results, however, compare favorably with the prior-year quarter’s figure of 95 cents.Though lower revenues and escalating expenses were disappointing factors, credit quality was a tailwind. Growth in loan and deposit balance and a strong capital position were encouraging factors. Moreover, U.S. Bancorp closed the acquisition of San Francisco-based fintech firm TravelBank, which offers technology-driven cost and travel management solutions. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C): Free Stock Analysis Report U.S. Bancorp (USB): Free Stock Analysis Report First Republic Bank (FRC): Free Stock Analysis Report Webster Financial Corporation (WBS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 21st, 2022

Scientists Instrumental To COVID-19 "Natural Origins" Narrative Received Over $50 Million In NIAID Funding In 2020-2021

Scientists Instrumental To COVID-19 'Natural Origins' Narrative Received Over $50 Million In NIAID Funding In 2020-2021 Authored by Jeff Carlson and Hans Mahncke via The Epoch Times (emphasis ours), Four prominent scientists who played key roles in shaping the public narrative around the origin of COVID-19 received substantial increases in grant money from the National Institute of Allergy and Infectious Diseases (NIAID), headed by Dr. Anthony Fauci, in the subsequent two years, a review of funding data by The Epoch Times has found. Dr. Anthony Fauci, White House Chief Medical Advisor and Director of the NIAID, makes a phone call during a break in a Senate Health, Education, Labor, and Pensions Committee hearing on Jan. 11, 2022. (Greg Nash/Pool/AFP via Getty Images) Three of these scientists—Kristian Andersen, Robert Garry, and Michael Farzan—were advisers to a teleconference organized by Fauci held on Feb. 1, 2020, in response to increasing public questions about the origin of the virus. The scientists were also instrumental in the publication of Proximal Origin, a highly influential paper that promoted a natural origins theory for SARS-CoV-2, the virus that causes COVID-19, and has been frequently cited by the government and media. Emails released under Freedom of Information Act requests, showed that the scientists had told the senior members of Fauci’s teleconference that they were 60 to 80 percent sure that COVID-19 had come out of a lab. Then-director of NIH Francis Collins at the National Institutes of Health, in Bethesda, Md., on Jan. 26, 2021. (Brendan Smialowski/AFP via Getty Images) Notably, despite their private concerns about the origin of the virus, the first draft of Proximal Origin was completed on the same day as the teleconference. Andersen and Garry were co-authors of Proximal Origin and Farzan was acknowledged in the Nature version of Proximal Origin for his participatory discussions in the article’s creation. Additionally, Fauci’s NIAID provided a substantial increase in funding to EcoHealth’s Peter Daszak, through whom NIAID had funded controversial gain-of-function coronavirus research at the Wuhan Institute of Virology in China. Some of these funding amounts have continued through 2021—and one of the newest grants will continue through at least 2025. A significant portion of the funding increase for Daszak, as well as for Andersen and Garry, was provided through NIAID’s creation of the Centers for Research in Emerging Infectious Diseases (CREID). The program, which was originally referred to as Emerging Infectious Diseases Research Centers (EIDRCs) during the early planning stages in 2019, was formally announced under a new name on Aug. 27, 2020. It is not known why the program was initially delayed or why it was renamed. The new initiative, described as a global network that involves “multidisciplinary investigations into how and where viruses and other pathogens emerge from wildlife and spillover to cause disease in people,” provided eleven new grants totaling $17 million of new funding in the first year and $82 million in total funding across five years. The P4 laboratory on the campus of the Wuhan Institute of Virology in Wuhan, Hubei Province, China, on May 13, 2020. (Hector Retamal/AFP via Getty Images) Andersen and Garry were the co-recipients of a new $8.9 million 5-year grant made under the CREID initiative that established the West African Research Network for Infectious Diseases (WARN-ID). Daszak was the recipient of a new $7.5 million, 5-year CREID grant that established the Emerging Infectious Diseases: South East Asia Research Collaboration Hub (EID-SEARCH). The other participants of the NIAID CREID program can be found here. Notably, although the creation of CREID was not publicly announced until Aug. 27, 2020, the Award Notice Date for the grants to Andersen and Garry are listed as May 21, 2020. The CREID grant to Daszak lists an Award Notice Date of June 17, 2020. The timing of Daszak’s grant is particularly noteworthy as it came shortly after President Donald Trump had revoked Daszak’s previous grant from Fauci’s NIAID in April 2020 due to Daszak’s entanglements with the Wuhan Institute of Virology. Andersen, who had privately told Fauci on Jan. 31, 2020, that the virus “looked engineered,” but later helped spearhead Fauci’s efforts to promote a natural origins narrative, received a total of $7.4 million in funding in 2020 as compared to $4.5 million in grant proceeds in 2019. Andersen’s total grant funding increased to nearly $9 million in 2021. The new CREID grants (co-awarded with Garry) accounted for approximately $1.9 million of his 2020 grant proceeds and $2 million of his grant proceeds in 2021. Included in Andersen’s 2021 figure is a $266,250 CREID grant that was made to Andersen but did not include Garry as a co-recipient. While it is not known at this point whether there was a connection between the increased funding and the scientists’ involvement in shaping the public natural origins narrative, these new revelations raise an obvious question: How is it that among the thousands of scientists eligible to participate in the much-desired funding from the eleven grants provided by Fauci’s new $82 million CREID initiative, three of those chosen happened to be the same individuals who had led the way in promoting Fauci’s natural origins narrative—despite their private concerns that the virus had been created in a lab. Peter Daszak, right, the president of the EcoHealth Alliance, in Wuhan, China, on Feb. 3, 2021. (Hector Retamal/AFP via Getty Images) During the Feb. 1, 2020, teleconference, Andersen claimed to be “60 to 70 percent sure the virus came from a laboratory.” One of Andersen’s Proximal Origin co-authors, Edward Holmes, put that figure even higher, at “80 percent.” Garry, who told the senior members of Fauci’s teleconference group that he “really can’t think of a plausible natural scenario where you get from the bat virus” to SARS-CoV-2, received $7 million in NIAID grants in 2020 as compared to $5.7 million in 2019. Garry also received $6.6 million in grants in 2021. The new CREID grant (co-awarded with Andersen) accounted for approximately $1.9 million of his 2020 grant proceeds and $1.8 million of his grant proceeds in 2021. During the Feb. 1, 2020, teleconference, Garry cited the remarkable sequences of mutations that would have to occur for SARS-CoV-2 to arise naturally, telling the group, “I just can’t figure out how this gets accomplished in nature.” However, Garry noted that a lab-created virus would easily explain the virus data he was seeing, telling Fauci’s group that “in the lab, it would be easy to generate the perfect 12 base insert that you wanted.” Notably, Garry recently admitted in written correspondence with The Intercept that he had been advised not to discuss a lab leak in the Proximal Origin paper, stating, “The major feedback we got from the Feb 1 teleconference was: 1. Don’t try to write a paper at all—it’s unnecessary or 2. If you do write it, don’t mention a lab origin as that will just add fuel to the conspiracists.” Garry—along with Andersen—must have heeded that directive because on Feb. 1, 2020, the same day as Fauci’s teleconference, both men had helped to complete the first draft of Proximal Origin promoting the idea that the virus had originated in nature. That paper became the media’s and the public health establishment’s go-to evidence for a natural origin for the virus. The choice of Andersen as a lead author for Proximal Origin is particularly curious as Andersen had no material experience in researching coronaviruses. His stated focus was related to the Zika virus, Ebola virus, West Nile virus, and Lassa virus. It wasn’t until sometime after the Feb. 1 teleconference that he changed his biography to incorporate SARS-CoV-2. A screenshot of the Proximal Origin paper. (Screenshot/Virological) Proximal Origin was published online on Feb. 16, 2020, and sought to exclude the possibility of a lab leak. The article would prove to be highly influential and has been extensively used by Fauci and media organizations in their promotion of the natural origins narrative. Another recipient of funding under the CREID initiative was EcoHealth president Peter Daszak, who received a total of $1.5 million in both 2020 and 2021. Unlike either Andersen or Garry, proceeds from his CREID grant make up the entirety of his listed NIAID grants in both years. By way of comparison, Daszak had received approximately $662,000 in NIAID grant money in 2019. Put another way, Daszak’s post-pandemic funding increased by approximately 130 percent. Daszak, who heavily promoted the natural origins narrative, was personally involved in gain-of-function work with the Wuhan Institute of Virology, which continued until at least April 2020. Most prominently, Daszak authored a 2018 research proposal which details the creation of a virus in a lab that bears a remarkable similarity to the defining features of COVID-19. That proposal, dated March 27, 2018, details EcoHealth’s plans, in conjunction with the Wuhan Institute, to create entirely new coronaviruses through the synthetic combination of preexisting virus backbones. It describes how those viruses were going to be made more virulent in humans by the insertion of a furin cleavage site, a feature that distinguishes COVID-19 from all other SARS-related coronaviruses. Another scientist who advised the Feb. 1, 2020, teleconference, Michael Farzan, received $9.9 million in grants from Fauci’s NIAID in 2020, followed by another $7.9 million in 2021 and an additional $919,000 at the start of 2022. By comparison, Farzan had received $3.8 million in grant money from NIAID in 2019. Although Farzan received substantial increases in grant funding, none of that money appears to have come under grants provided by the CREID initiative. Medics wait to transport a woman with possible Covid-19 symptoms to the hospital in Austin, Texas, on Aug. 7, 2020. (John Moore/Getty Images) Farzan, an immunologist who in 2005 discovered the receptor of the original severe acute respiratory syndrome (SARS) virus, had told the senior members of Fauci’s teleconference group in emails that the pandemic likely originated from a lab in which live coronaviruses were passed repeatedly through human-like tissue, accelerating virus mutations with the end result being that one of the mutated viruses may have leaked from the lab. Farzan told Fauci’s group that he placed the likelihood of a leak from a Wuhan lab at 60 to 70 percent. But in an Oct. 5, 2021, paper, Farzan appeared to agree with conclusions put forth in Proximal Origin, when he claimed that a “comparison of the S protein sequences indicates SARS-CoV-2 may have emerged from the recombination between bat and pangolin coronaviruses.” Farzan, like Andersen, works at the Scripps laboratory. Tyler Durden Fri, 01/21/2022 - 19:40.....»»

Category: blogSource: zerohedgeJan 21st, 2022

Q4 Earnings Update and Analyst Reports for Apple, JNJ & McDonald"s

In addition to a real-time Q4 scorecard, today's article features new research reports Apple (AAPL), Johnson & Johnson (JNJ), McDonald's (MCD) and others. Friday, January 14, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features a real-time update on the Q4 earnings season, in addidtion to new research reports on 16 major stocks, including Apple Inc. (AAPL), Johnson & Johnson (JNJ), and McDonald's Corporation (MCD). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Q4 Earnings Season Scorecard The big banks kicked off the Q4 reporting cycle for the Finance sector, with the market underwhelmed with the JPMorgan (JPM) and Citigroup (C) results, but appreciating Wells Fargo's (WFC) improving financials. JPMorgan's Q4 earnings aren't bad, but the stock had a pretty good run ahead of these results and it would have been very difficult for the quarterly report to build on that momentum. In other words, the reaction of bank stocks to the quarterly numbers should be seen more in a sell-the-news type of framework than anything fundamentally wrong with the results. Including this morning's bank results, we now have Q4 results from 26 S&P 500 members or 5.2% of the index's total membership. Total Q4 earnings for these 26 index members are up +19.2% from the same period last year on +11.7% higher revenues, with 88.5% beating EPS estimates and 84.6% beating revenue estimates. It is still very early in the Q4 reporting cycle, but it is a higher beats percentage for these 26 index members relative to what we saw in the preceding reporting cycle. The reporting cycle ramps in a major way next week, with mroe than 90 companies on the docket to come out with Q4 results, including 37 S&P 500 members. Finance companies dominate this week's reporting docket, with Netflix (NFLX) and Schlumberger (SLB) as the notable bellwethers from other sectors reporting results. Today's Featured Analyst ReportsShares of Apple have outperformed the S&P 500 over the past year (+36.3% vs. +26.1%), with the stock benefiting from robust momentum in the iPhone, iPad, Mac, Wearables as well as an expanding App Store ecosystem.Apple’s Services and Wearables businesses are expected to drive top-line growth in fiscal 2022 and beyond. Momentum in the Services business, strong adoption of Apple Pay and growing Apple Music subscriber base are other catalysts for growth. Supply chain constraints due to industry-wide silicon shortages, COVID-related manufacturing disruptions as well as supply chain constrains remain as the major headwinds, though.(You can read the full research report on Apple here >>>)Johnson & Johnson shares have gained +5.3% over the past three months against the Zacks Large Cap Pharmaceuticals industry’s gain of +9.2%. The Zacks analyst believes that J&J’s Pharma unit has been performing at above-market levels on the back of successful label expansion of blockbuster drugs, Imbruvica, Darzalex and Stelara.Sales in the pharmaceutical segment rose 11.3% in the first nine months of 2021 on an organic basis despite the coronavirus pandemic. J&J has a positive record of earnings surprises in the recent quarters. It has also been making rapid progress with its pipeline and line extensions with several pivotal data readouts expected this year. Generic competition, pricing pressure continue and several litigations, however, remain as the major concerns.(You can read the full research report on Johnson & Johnson here >>>)Shares of McDonald's have gained +11.6% in the last six months against the Zacks Restaurants industry’s loss of -6.1%. The Zacks analyst believes that McDonald's efforts to strengthen its position through various sales initiatives along with increased focus on franchising bode well.Robust drive-thru presence, as well as investments in delivery and digitization over the past few years have helped it counter the pandemic. By mid-2022, MCD expects to have a loyalty program in the top six markets. It has been making every effort to drive growth in international markets. Pandemic-related woes persist, softening economy and spike in COVID cases, however, have weighed on MCD’s margins lately.(You can read the full research report on McDonald's here >>>)Other noteworthy reports we are featuring today include Intuit Inc. (INTU), The Boeing Company (BA) and U.S. Bancorp (USB).Sheraz MianDirector of ResearchNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadRobust Portfolio, Services Strength to Benefit Apple (AAPL)J&J's (JNJ) Sales Benefit From Strength Across SegmentsRobust Comps to Aid McDonald's (MCD), Traffic Woes StayFeatured ReportsIntuit (INTU) Rides on Product Refresh, Higher SubscriptionsPer the Zacks analyst, Intuit is benefiting from frequent product refreshes, which help it to gain customers.Order Growth Aid Boeing (BA), 787 Program Quality Issue WoesPer the Zacks analyst, solid order flow and deliveries for its products bolster Boeing's revenue growth prospects.Acquisitions to Aid U.S. Bancorp (USB) Amid Mounting CostsPer the Zacks analyst, inorganic growth strategies will enhance U.S. Bancorp's balance sheet and market share.CSX Benefits From Improved Freight Demand Amid Cost WoesWith improved freight demand, higher volumes are driving CSX's top line. However, the Zacks analyst is concerned about the company's rising operating expenses.Strategic Initiatives Benefit Aon (AON), Rising Debts HurtPer the Zacks analyst, buyouts and collaborations have enhanced the company's capabilities, which in turn, has led to bottom-line growth.Cost Control Measures to Aid BNY Mellon's (BK) Bottom LinePer the Zacks analyst, BNY Mellon's global reach, its robust assets under management, and its initiatives to improve efficiency through cost control measures are expected to support profits.Ross Stores (ROST) Q3 Sales Mirror Improved Demand TrendsPer the Zacks analyst, Ross Stores' Q3 sales reflect ongoing strength in consumer demand. Sales gained from growth across some merchandise categories and regions, and robust comparable store sales.New UpgradesStrength in Pet Unit to Bolster Spectrum Brands' (SPB) GrowthPer the Zacks analyst, Spectrum Brands' Global Pet Care business has been benefiting from acquisitions and strong demand across categories and channels.Prime Automotive Buyout to Fuel Group 1's (GPI) ProspectsGroup 1's acquisition of Prime Automotive has made the Zacks analyst bullish on the stock, as the deal is expected to add $1.8 billion in annualized revenues for the auto retailer.Bandwidth (BAND) Likely to Ride on Enhanced 911 CapabilitiesPer the Zacks analyst, Bandwidth is poised to benefit from its enhanced 911 capabilities, while an evolving portfolio and accretive customer base act as key growth catalysts across diverse markets.New DowngradesIncreasing Investments Amid Stiff Competition Hurts SAPPer the Zacks analyst, SAP's increasing investments to enhance cloud-based offerings will limit margin expansion. Further, stiff competition in most of the markets is a major concern.Pay-TV Subscriber Loss Hurts DISH Network's (DISH) ProspectsPer the Zacks analyst, DISH Network continues to lose subscribers in both Pay-TV and Sling TV businesses. Further, a debt-ridden balance sheet is a lingering concern.Soaring Commodity Costs & Debt Pile to Hurt Adient (ADNT)Adient expects high raw material prices to mar its margins by $125 million in fiscal 2022. The Zacks analyst is also concerned about the firm's elevated leverage of 67%. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Johnson & Johnson (JNJ): Free Stock Analysis Report McDonald's Corporation (MCD): Free Stock Analysis Report U.S. Bancorp (USB): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 14th, 2022

America"s Attila The Hun Moment

America's Attila The Hun Moment Authored by Simon Black via SovereignMan.com, In the year 435 AD, after several years of endless menacing from the nomadic Hun tribe, the Roman Empire was ready to make a deal. The Huns were fairly new on the continent; they had originally come from central Eurasia as recently as 370 AD. Yet in the span of a few short decades, they quickly established themselves as the dominant tribe in Eastern Europe, conquering vast territories and threatening the Roman Empire. The Empire was a pitiful shell of its former self at that point. So Emperor Theodosius II sent one of his generals to meet with the Huns in the city of Margus, now called Pozarevac in modern day Serbia. The leader of the Huns was a short, flat-nosed warrior in his mid 30s named Attila who famously remained on his horse during the entire meeting with the Roman envoys. Attila was cunning, and he knew the Romans were weak. So he intentionally made ridiculous demands. Among them, he told the Romans he would leave them alone if they paid a tribute of 700 pounds of gold per year (worth about $13.3 million in today’s money). This was a significant sum back then, especially given that the Roman Empire had lost its most productive gold mines in Hispania to the Visigoths and Vandals in the early 400s. (The region of Andalusia in modern Spain is actually named for the Vandal tribe, derived from the Arabic word al-Andalus.) In addition to the money, though, Attila also demanded that the Romans could not enter into any alliance with any other tribes if the Huns deemed them to be a threat. In making this demand, Attila was essentially giving himself control of Rome’s foreign policy and military affairs. But the Romans were not in a position to negotiate. They were weak… and terrified of what Attila might do. So they agreed. And Roman Consul Flavius Plinta signed the Treaty of Margus with Attila the Hun in 435 AD. The peace didn’t last long. In 440, just five years later, Attila massed his forces on the Roman border once again and declared that the Empire had violated the Treaty of Margus. Emperor Theodosius initially refused Attila’s demands, believing he could defeat the Huns. But at the same time he was busy fighting off other barbarian tribes, including the Vandals that had just conquered Roman provinces in North Africa, which happened to be the Empire’s main source of food. Theodosius put up a fight, and he tried to negotiate. But after a few years he capitulated to Attila once again, and signed a new treaty in 443 AD. This new treaty was nothing short of absurd. Attila required that his annual tribute– already a debilitating cost for Rome– be TRIPLED to 2,100 pounds of gold per year. Plus he demanded an astonishing 6,000 pounds of gold, up front. That was an unimaginable sum of money, and a humiliating embarrassment for the empire. Theodosius and his bureaucrats tried to save face by hiding the payments, or having the imperial accountants write off the money as “services rendered” by the Huns. But everyone knew the truth– Rome was a shattered shell of its former greatness, and only signed the deal because they were too weak to stand up to Attila. This is a simple point that doesn’t require a PhD in International Relations: dominant superpowers don’t need to grovel to their enemies. Dominant superpowers don’t get humiliated in front of the world. And most importantly, when you’re forced to negotiate and make huge concessions– especially military concessions– you cease being a dominant superpower. We’ve seen this now several times with the United States. Some have been major events, like the disgraceful, shameful debacle in Afghanistan several months ago. (And similar to Theodosius, Hunter Biden’s dad acted like the humiliation in Afghanistan didn’t actually happen; his people even tried to dress it up as a logistical success!) Other incidents have been more subtle, like the US submitting to China’s demands and reaffirming America’s commitment to the “one China” policy, i.e. pretending that Taiwan doesn’t exist. (It’s also noteworthy that Hunter Biden’s dad was the one who was inconvenienced and stayed up until midnight talking to his Chinese counterpart during a recent call, due to the time zone differences between Washington and Beijing…) Earlier this year, Hunter Biden’s dad also referred to the Chinese government’s genocide against its Uighur ethnic minority as “different cultural norms”. These are all clear signs of waning dominance. The world’s premier superpower doesn’t leave behind $83 billion worth of military equipment to its sworn enemy in Afghanistan. The world’s premier superpower doesn’t refer to genocide as “different cultural norms”. The world’s premier superpower doesn’t sit up at midnight, smiling politely to the people who have routinely cyberattacked some of your most critical national security infrastructure. But if this point weren’t already completely obvious, just look at what’s happening with Russia right now. Officials from the US State Department are meeting with Russian representatives this week to request that Russia withdraw its troops from the Ukrainian border. Personally I think the whole thing is a joke; from a military tactics perspective, if Putin were going to invade Ukraine, he most likely would have done it already. The fact that he still has troops massed on the border is nothing more than an attempt to make the West look weak. And job well done. While they’re not quite as ridiculous as the Huns… yet… Russia is making all sorts of wild demands, many of which the US has already indicated it is willing to accept. One of those demands is that the US limit joint military exercises with its European allies. And this one actually is quite similar to what Attila required of the Roman Empire in 435 AD. And just like Rome, once you start groveling to your adversary and allowing them to dictate your foreign policy and military affairs, it seems clear that you’re no longer the dominant superpower. *  *  * We think gold could DOUBLE and silver could increase by up to 5 TIMES in the next few years. That's why we published a new, 50-page long Ultimate Guide on Gold & Silver that you can download here. Tyler Durden Fri, 01/14/2022 - 13:50.....»»

Category: blogSource: zerohedgeJan 14th, 2022

Block (SQ) Expands Presence in Canada With On-Demand Delivery

Block (SQ) makes its on-demand delivery service available for Square Online users in Canada to gain momentum among sellers in the country. Block SQ has been persistently working toward offering enhanced experiences to businesses in Canada in a bid to expand its presence in the country.The company’s recent announcement of making its on-demand delivery service available for Square Online users in the country is a testament to the above-mentioned fact.The on-demand delivery service has been launched in partnership with an online food ordering and delivery service provider, DoorDash DASH.With the help of the underlined service, restaurants, bars, breweries, convenience stores, or any seller using Square Online across Canada can use DoorDash’s white-label fulfillment platform, DoorDash Drive, for delivering orders directly placed on their websites.The recent initiative will help businesses in the country to increase their revenues by gaining customers and minimizing delivery-related overhead costs.Notably, some businesses, which are using Square Online, have already started adopting the on-demand delivery service. The recent service is expected to help SQ expand its seller base, which, in turn, is likely to contribute well to its top-line growth.Block Inc. Price and Consensus  Block Inc. price-consensus-chart | Block Inc. QuoteGrowing Initiatives in CanadaApart from the recent service, Block has brought advanced solutions for the food and beverage industry in Canada.It rolled out Square for Restaurants in Canada to help restaurant owners run their businesses smoothly amid the coronavirus pandemic.SQ made its Kitchen Display Software available for all kinds of restaurants in the country. The software will help subscribed users keep track of online ordering and delivery partners.The company launched Square Invoices Plus to help businesses organize their invoicing requirements, get faster payments, and gain more customers.Global ExpansionApart from Canada, the company has been continuously expanding its global footprint on the back of its reliable and efficient services.SQ rolled out the Early Access Program in Spain, France and Ireland. With the help of the program, Square offers an integrated set of omni-channel tools to businesses for seamlessly selling their products and services.Block introduced integrated omni-channel solutions in France and Ireland to help merchants seamlessly run business operations amid the coronavirus pandemic.Further, it made Cash App Pay available to its sellers across the United States through a software update. With the help of the app, sellers can accept payments made by customers using their Cash App account either by scanning the QR code at checkout or by clicking a button on their mobile devices.The growing efforts are helping Block strengthen its position worldwide. However, the Zacks Rank #4 (Sell) company faces intense competition from PayPal PYPL and Shopify SHOP, which are gaining momentum globally on the back of their robust portfolio offerings.You can see the complete list of today’s Zacks #1 Rank stocks here.Moreover, rising competitive pressure is causing Block to lose investors’ confidence. Notably, Block has lost 39.9% in a year.PayPal has been benefiting from its peer-to-peer payment service, Venmo. Venmo’s improving monetization efforts and rising adoption rate across various platforms are aiding total active accounts growth, which remains noteworthy. The solid momentum of core peer-to-peer and PayPal Checkout experiences remains another tailwind.Then again, Shopify has been winning merchants on a regular basis due to its robust product offerings, including Shop Pay and Shop Pay Installments, as well as features like end-to-end order tracking. Strength in Shopify Shipping, Shopify Payments and Shopify Capital remains another positive. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Shopify Inc. (SHOP): Free Stock Analysis Report Block Inc. (SQ): Free Stock Analysis Report DoorDash, Inc. (DASH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 14th, 2022

Block (SQ) to Boost Cryptocurrency Efforts With Latest Plans

Block (SQ) intends to introduce a bitcoin mining system, which will strengthen its presence in the promising crypto mining market. Block SQ intends to develop a bitcoin mining system in a bid to bolster its presence in the cryptocurrency market.The company strives to carry out the process of mining, maintaining, setting up and purchasing bitcoin efficiently with its bitcoin mining system.Block has started hiring for a team that will focus on building the underlined system. The team will focus on ensuring the reliability of the equipment, dealing with its power consumption, and solving issues associated with accessing the system.We note that the latest move bodes well for the company’s growing efforts in the bitcoin space, which have been driving its business growth well.Notably, the company generated bitcoin revenues of $1.82 billion (47% of total revenues) in third-quarter 2021, up 11% year over year.Block Inc. Price and Consensus  Block Inc. price-consensus-chart | Block Inc. QuoteGrowth Prospects a PlentyCryptocurrencies, which hold the potential to revolutionize the process of peer-to-peer and remittance transactions, are gaining strength from the decentralized system, low fees, transparency of distributed ledger technology, protection from consumer chargebacks and quick international transfers.Moreover, the higher uptake of digital and contactless trading and payments via blockchain-backed digital currencies in this coronavirus-hit world is expected to sustain the momentum in the cryptocurrency market.Per a Fortune Business Insights report, the cryptocurrency market is expected to reach $1.9 billion by 2028, seeing a CAGR of 11.1% between 2021 and 2028.The solid adoption of bitcoin, the most popular and widely used digital currency despite being highly volatile, has been a key catalyst for crypto miners.The growing proliferation of other digital currencies like litecoin, ethereum and zcash will continue to boost prospects of crypto miners further.All the factors are encouraging companies to foray into the crypto mining market, which holds promise.Per a Data Bridge Market Research report, the global crypto mining market is likely to witness a CAGR of 11.5% between 2021 and 2028.The latest plans with the bitcoin mining system position Block well to capitalize on the above-mentioned growth prospects.Intensifying CompetitionBlock, which carries a Zacks Rank #4 (Sell) at present, will face strong competition from the existing crypto mining players such as NVIDIA NVDA, Marathon Digital Holdings MARA and Hut 8 Mining HUT, which are making concerted efforts to bolster their crypto mining capabilities.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Hence, strong competitive pressure from these companies might turn investors worrisome about Block. Coming to the price performance, Block has lost 39.9% in a year.Notably, NVIDIA, which has returned 106.6% in the past year, is gaining from the growing momentum of its GPUs in the cryptocurrency space. NVDA’s launch of Cryptocurrency Mining Processor (CMP), which is ideal for professional mining, remains noteworthy. The processors are well-equipped to boost the mining power efficiency as these feature a lower peak core voltage and frequency.Marathon Digital, which has gained 25.5% in the past year, is benefiting from the increasing deployment of miners, the growing production of bitcoins, strong bitcoin holdings and a hike in its hash rate. Apart from this, the purchase of 30,000 S19j Pro miners from BITMAIN remains a major step toward expanding bitcoin production. Further, MARA recently signed a contract with BITMAIN to buy ANTMINER S19 XP (140 TH/s) bitcoin miners.Meanwhile, Hut 8 Mining, which has gained 50.5% in a year, is gaining from the solid momentum across its self-mining operations and expanding hosting services. Further, HUT’s increasing bitcoin holdings and prospects around its purchase of NVIDIA GPUs remain noteworthy. Recently, Hut 8 Mining received the entire fleet of high-performance NVIDIA GPUs, which got deployed at its Medicine Hat site. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis Report Block Inc. (SQ): Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report Hut 8 Mining Corp. (HUT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 14th, 2022

The TJX Companies" (TJX) HomeGoods Unit Aids Amid Cost Rise

The TJX Companies' (TJX) HomeGoods segment has been seeing robust demand. Also, the company is undertaking several initiatives to strengthen its e-commerce business. The TJX Companies, Inc. TJX is benefiting from strength in its HomeGoods segment. The company is undertaking initiatives to enhance offline and online businesses. Moreover, its marketing strategies along with robust loyalty programs are noteworthy. That said, supply chain bottlenecks as well as rising freight and labor costs is a concern for the company.Let’s delve deeper.Image Source: Zacks Investment ResearchWhat’s Working Well for The TJX Companies?The TJX Companies’ HomeGoods segment has been seeing robust demand for a while now. Owing to store closures amid the pandemic, management came up with a temporary new sales measure — open-only comp store sales — to offer a better view. During third-quarter fiscal 2022, open-only comp store sales surged 34% in the HomeGoods (U.S.) segment from the fiscal 2020 level.The upside can be attributed to solid growth in every major category as well as geographic regions for HomeGoods and Home Sense. The TJX Companies launched homegoods.com in the fiscal third quarter. With this launch, the company expects to offer impressive home fashion products at great value on its digital platform. With an increasing number of consumers resorting to online shopping, The TJX Companies has undertaken several initiatives to boost online sales and strengthen its e-commerce business.The TJX Companies has fast expanded its footprint in the United States, Europe, Canada and Australia. During the fiscal third quarter, management increased its store count by 19, taking the total to 4,684 stores. This reflects square footage growth of 0.3% versus the previous quarter.The company had highlighted that it expects to incur capital expenditures in the range of $1.2-$1.4 billion for fiscal 2022. This will be spent on opening new stores, remodeling, relocating as well as its distribution network and infrastructure. Well, The TJX Companies’ off-price model, along with its strategic store locations, impressive brands and fashion products are likely to aid its performance.The TJX Companies remains committed toward boosting growth, through effective marketing initiatives and loyalty programs. The TJX Companies’ aggressive marketing and advertising campaigns through multiple mediums have been adding to its growth. Apart from this, The TJX Companies’ gift-giving initiatives, unique among off-price retailers and loyalty card program (which offers consumers a non-credit card choice and soft benefits such as early shopping hours) have been helpful in improving customer engagement.Hurdles on the WayThe TJX Companies’ performance in the third quarter of fiscal 2022 was affected by pandemic-led temporary closure of a few Australian stores, which were shut for almost 57% of the quarter. In total, the company’s stores were closed for nearly 1%.During the quarter, incremental freight expense of 1.6 percentage points as well as significant investments to expand distribution capacity, higher incentive accruals, and wage growth hurt the company’s pretax margin to an extent. Net COVID costs adversely impacted pretax margin by an additional 0.5 percentage points. Management cautioned that fourth-quarter pretax margin will continue to face significant expense headwinds. The company expects incremental freight costs of about 80-90 basis points higher than the third quarter.That said, we believe that the aforementioned upsides are likely to help this Zacks Rank #3 (Hold) company stay afloat amid such hurdles. The company’s stock has gained 13.2% in the past three months compared with the industry’s growth of 8.9%.Some Solid Retail PicksHere are three better-ranked retail stocks — Kohl's Corporation KSS, Costco Wholesale Corporation COST and Capri Holdings Limited CPRI.Kohl's Corporation, an omnichannel retailer, flaunts a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 114.5%, on average.You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Kohl's Corporation’s current financial year sales and EPS suggests growth of 24.1% and 704.1%, respectively, from the year-ago period. KSS has an expected EPS growth rate of 8% for three-five years.Costco, which operates membership warehouses, carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 8.3%, on average.The Zacks Consensus Estimate for Costco’s current financial year sales and EPS suggests growth of 10.8% and 13.9%, respectively, from the year-ago period. COST has an expected EPS growth rate of 8.8% for three-five years.Capri Holdings, a global fashion luxury group, carries a Zacks Rank #2. The company’s bottom line has outperformed the Zacks Consensus Estimate by a wide margin in the trailing four quarters.The Zacks Consensus Estimate for Capri Holdings’ current financial year sales and EPS suggests growth of 33.2% and 181.1%, respectively, from the year-ago period. CPRI has an expected EPS growth rate of 32.2% for three-five years. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The TJX Companies, Inc. (TJX): Free Stock Analysis Report Kohl's Corporation (KSS): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Capri Holdings Limited (CPRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 14th, 2022

ARKK Suffered $352 Million In Outflows On Wednesday Before Plunging To 52 Week Lows On Thursday

ARKK Suffered $352 Million In Outflows On Wednesday Before Plunging To 52 Week Lows On Thursday Cathie Wood's flagship ARKK "Innovation" ETF has started off 2022 the same way it ended 2021: wildly underperforming its benchmarks. In fact, ARKK saw $352 million exit from the fund on Wednesday, according to Bloomberg, before the fund plunged again on Thursday, trading with a $79-handle for the first time in over two years. ARKK also made a fresh 52 week low of $79.84 on Thursday. The fund is down about 15% so far to start the year.  If outflows from the fund continue, questions may start to arise about how much of a self-fulfilling prophecy selling in the fund's tech names can become.  The plunge in the ETF continues the fund's record drawdown that we noted last week.  OOF: In the last 12 months, $ARKK has underperformed the $QQQ by -63% and its largest weighting, $TSLA, by -64% pic.twitter.com/0cu7x50EqE — Quoth the Raven (@QTRResearch) January 13, 2022 Recall, back on December 21, Zero Hedge contributor Quoth the Raven noted that Wood had backtracked on estimates of returning 40% per year, for the next 5 years. She said in mid December that “innovation stocks” were in “deep value territory” and she estimated specifically that her “flagship strategy” could deliver "a 40% compound annual rate of return during the next five years”. Then, she changed the language in her blog post and realigned her expectations from “40%” to “30-40%” and added a lot of qualifier language, not the least of which was directing the return expectation away from their “flagship strategy” and onto a vague benchmark of ARK Invest, in general. "If the luster wears out for ARKK names or we see a tech wreck, as I have predicted might happen, there’s no doubt that Wood’s “Innovation Fund” will wind up facing more volatility, possibly disproportionately," we wrote in December. It looks like that is the case, at least for the start of 2022 thus far. Wood said back in early December 2021 that she was "soul searching" as a result of her flagship fund's underperformance. At least that's what she told Bloomberg last month:  Ark Investment Management is “going through soul-searching” as its growth-focused funds fall out of favor amid expectations of tighter Federal Reserve policy, said founder Cathie Wood.  In an interview with Bloomberg in December, Wood also said: “I’ve never been in a market that is up -- has appreciated -- and our strategies are down.” She continued: “When we go through a period like this, of course we are going through soul-searching, saying ‘are we missing something?’”  Dear Cathie, perhaps a better question might be: "Are we missing everything?" Tyler Durden Fri, 01/14/2022 - 08:20.....»»

Category: dealsSource: nytJan 14th, 2022

$1.3B In Bitcoin Withdrawn From Crypto Exchanges In A Day: Why It"s A Good Sign

Bitcoin (CRYPTO: BTC) outflows from crypto exchanges saw the largest single-day spike in four months. read more.....»»

Category: blogSource: benzingaJan 13th, 2022

PayPal (PYPL) Explores Stablecoins to Boost Crypto Efforts

PayPal (PYPL) intends to launch its stablecoin, PayPal Coin, in order to strengthen its presence in the cryptocurrency market. PayPal PYPL is leaving no stone unturned to bolster its presence in the cryptocurrency market.Reportedly, the company is looking forward to launching PayPal Coin, a stablecoin that is a digital currency. This testifies to the above-mentioned fact.Notably, the company intends to back its stablecoin by the U.S. dollar. Further, PayPal might work closely with relevant regulators to smoothly execute its stablecoin plans.The launch of stablecoins is expected to be a notable step for PayPal, which has witnessed success by foraying into the cryptocurrency market in 2020.The company's growing focus on stablecoin remains a major positive in the current scenario, wherein the bitcoin space is witnessing a topsy-turvy situation.PayPal Holdings, Inc. Price and Consensus  PayPal Holdings, Inc. price-consensus-chart | PayPal Holdings, Inc. QuoteGrowing Crypto EffortsThe latest move bodes well for the company’s strengthening crypto initiatives.Apart from the latest move, the launch of cryptocurrency service, which allows users to buy, hold and sell digital currencies like bitcoin, bitcoin cash, ethereum or Litecoin directly from their PayPal account, in the U.K. remains noteworthy.The launch of crypto on Venmo, which lets Venmo customers buy, hold and sell cryptocurrency directly within the Venmo app, remains another positive. Customers can also check cryptocurrency trends from the app.PayPal’s agreement to acquire a digital asset security technology provider — Curv — is another positive. Post-acquisition, Curve will join PayPal’s newly created business unit dedicated to blockchain, cryptocurrency and digital currencies.The unveiling of a feature called Checkout with Crypto, which allows customers to convert their cryptocurrency holdings seamlessly into fiat currency at the checkout, is witnessing strong adoption.With all these endeavors, PayPal remains well-poised to penetrate the booming cryptocurrency market rapidly amid the pandemic, which has highlighted the importance of digital currency transactions.Per a report by MarketsandMarkets, the cryptocurrency market is expected to reach $2.2 billion by 2026, witnessing a CAGR of 7.1% between 2021 and 2026.Per a report by Fortune Business Insights, the market is expected to reach $1.9 billion by 2028, seeing a CAGR of 11.1% from 2021 to 2028.Competitive ScenarioWe note that the latest move along with the above-mentioned efforts is likely to strengthen PayPal’s competitive position against one of its biggest peers, Block SQ.Block, which facilitates the buying and selling of bitcoins via its Cash App, is riding on growing bitcoin revenues. This has turned out to be the key catalyst to its top-line growth.In third-quarter 2021, Block generated revenues of $1.8 billion from the bitcoin category (47% of total revenues), up 11% from the year-ago quarter. The company is continuously gaining from the increasing uptake of the Cash App, and strong customer demand and growth in bitcoin activities.Apart from Square, Meta Platforms FB and Shopify SHOP are leaving no stone unturned to gain a strong foothold in the cryptocurrency space.Meta continues to witness solid momentum on the back of its crypto project Diem. Reportedly, the company, via this project, intends to roll out a U.S. dollar stablecoin.Meanwhile, Shopify allows its merchants to accept payments in bitcoin, Litecoin, Ethereum and many other cryptocurrencies. It recently took a step further in the crypto market by making its platform NFT-enabled, which allows users to mint and trade collectibles.Nevertheless, PayPal’s strong crypto initiatives along with the growing crypto volume are likely to strengthen its position in the intensifying cryptocurrency battle against the above-mentioned companies.Currently, PayPal carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Meta Platforms, Inc. (FB): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Shopify Inc. (SHOP): Free Stock Analysis Report Block Inc. (SQ): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 13th, 2022

4 Consumer Products Stocks to Watch Amid Industry Hurdles

The Zacks Consumer Products - Staples industry players are seeing cost inflation and supply-chain disruptions. Nonetheless, solid online sales and saving efforts keep Kimberly-Clark (KMB), Newell Brands (NWL), Albertsons Companies (ACI) and Tupperware Brands (TUP) well positioned. Players in the Zacks Consumer Products – Staples industry are seeing margin pressure on account of cost inflation, which in turn is resulting from escalated costs of inputs, transport and labor. Supply-chain disruptions are also posing as deterrents for some companies. Apart from this, moderating demand from the year-ago period’s spike is weighing on year-over-year sales comparisons of some industry players.Nevertheless, strategic saving measures, robust e-commerce operations, and focus on portfolio enhancement and innovation have been working well for Kimberly-Clark Corporation’s KMB, Newell Brands Inc. NWL, Albertsons Companies, Inc. ACI and Tupperware Brands Corporation TUP.About the IndustryThe Zacks Consumer Products – Staples industry consists of companies involved in marketing, producing and distributing a wide range of consumer products. These include personal care items, cleaning equipment, stationery, bed and bath products and household goods like kitchen appliances, cutlery and food storage. Some industry participants also provide batteries and lighting products – whereas some offer pet food and treats, pet supplies, pet medications and pet services.  Companies in the Consumer Products – Staples universe offer products to supermarkets, drug/grocery stores, department stores, warehouse clubs, mass merchandisers and other retail outlets. Some companies sell products to the manufacturers of perfumes and cosmetics, hair and other personal care products. Products are also sold through other distributors and the fast-growing e-commerce channel.3 Trends Shaping the Future of the Consumer Products Staples IndustryEscalated Costs: Several industry players are encountering cost inflation, arising from increased input costs. The companies are also seeing increased labor and transportation costs due to tough market conditions. Several companies are bearing the brunt of supply-chain disruptions. Apart from this, higher advertising, e-commerce and other growth-related investments are a threat to margins. That said, the companies’ solid saving and restructuring plans along with pricing actions should offer some respite.Tough Sales Comparison With the Year-ago Period: Some companies are seeing tough sales comparisons with the year-ago period, which had benefited from a major spike in demand due to the pandemic-led at-home consumption. Although at-home consumption and consumer demand remain elevated compared with the pre-pandemic periods, both have tapered off from the exceptional growth witnessed last year.Revenue-Driving Initiatives: Consumer product players are focused on concerted revenue-boosting initiatives to squeeze out more from their operations. To this end, companies’ solid focus on boosting e-commerce and digital operations has been a major driver, especially amid the pandemic. Also, innovation in areas that are witnessing increasing consumer interest has been adding to the portfolio strength of several companies. Industry players have been optimizing portfolios through meaningful buyouts and divestitures, which enable them to increase focus on areas with higher growth potential.Zacks Industry Rank Indicates Drab ProspectsThe Zacks Consumer Products – Staples industry is housed within the broader Zacks Consumer Staples sector. It currently carries a Zacks Industry Rank #231, which places it in the bottom 9% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually becoming less confident on this group’s earnings growth potential. Since the beginning of July 2021, the industry’s earnings estimate for 2022 has tumbled 16%.Let’s look at the industry’s performance and current valuation.Industry Versus Broader MarketThe Zacks Consumer Products – Staples industry has lagged the S&P 500 Index as well as the broader Zacks Consumer Staples sector over the past year.The industry has dropped 17.1% over this period against the S&P 500 Index’s growth of 23.4%. Meanwhile, the broader sector has risen 7.4%.One-Year Price PerformanceIndustry's Current ValuationOn the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing consumer staples stocks, the industry is currently trading at 22.59X compared with the S&P 500’s 21.34X and the sector’s 20.66X.Over the last five years, the industry has traded as high as 21.62X, as low as 16.47X, and at the median of 19.44X, as the chart below shows.Price-to-Earnings Ratio (Past 5 Years) 4 Consumer Products Stocks to Keep a Close Eye onAlbertsons Companies: This Zacks Rank #2 (Buy) company’s shares have increased 46.4% in the past six months. The Zacks Consensus Estimate for Albertsons Companies’ current fiscal-year earnings per share (EPS) has climbed 1.5% to $2.63 in the past 30 days.This food and drug store company has been gaining on its efforts to improve the store as well as e-commerce operations. With regard to fueling e-commerce operations, the company is making notable progress across pickup and delivery. Additionally, Albertsons Companies’ focus on enhancing efficiency and expanding product assortment is noteworthy. Apart from this, ACI has been committed toward curtailing costs. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Price and Consensus: ACIKimberly-Clark: This manufacturer and marketer of personal care and consumer tissue products has seen its shares increase 6.6% in the past six months. Kimberly-Clark has been gaining on its commitment toward key strategic pillars, which include a focus on improving its core business in the developed markets; speeding up growth of the Personal Care segment in developing and emerging markets, and enhancing digital and e-commerce capacities.Apart from this, Kimberly-Cleark’s 2018 Global Restructuring and Focus on Reducing Costs Everywhere programs have been generating savings. This Zacks Rank #3 (Hold) company’s pricing actions also bode well amid the cost inflation. The Zacks Consensus Estimate for KMB’s current fiscal-year EPS has remained stable at $6.16 over the past 30 days. Shares of the company have rallied 29.7% in the past six months.Price and Consensus: KMBNewell Brands: Newell Brands is benefiting from favorable consumption trends for a while now. Increased online sales given consumers’ rising shift to the online platform are also working well for this Zacks Rank #3 company. Apart from this, Newell Brands’ focus on Project FUEL is noteworthy.Newell Brands is a designer, manufacturer and distributor of consumer and commercial products. The Zacks Consensus Estimate for NWL’s current fiscal-year EPS has remained stable at $1.73 over the past 30 days. Shares of the company have dropped 12.8% in six months.Price and Consensus: NWLTupperware Brands: Tupperware Brands is a provider of design-centric preparation, storage, and serving solutions for home and kitchen along with cookware, microwave products, microfiber textiles and water-filtration-related items, among others. The Zacks Consensus Estimate for this Zacks Rank #3 company’s current fiscal-year EPS has remained stable at $3.50 in the past 30 days.The company has been focused on solidifying its core business across geographies. Tupperware Brands has been making investments to fuel growth in its direct selling business as well as other expansion endeavors. Tupperware Brands’ strategies like expanding product categories, increasing distribution and access points and undertaking efficient pricing have been working well. Shares of TUP have declined 30.2% in the past six months.Price and Consensus: TUP Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KimberlyClark Corporation (KMB): Free Stock Analysis Report Newell Brands Inc. (NWL): Free Stock Analysis Report Albertsons Companies, Inc. (ACI): Free Stock Analysis Report Tupperware Brands Corporation (TUP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 13th, 2022

Top Stock Reports for Exxon Mobil, Sony & Estee Lauder

Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), Sony Group Corporation (SONY), and The Estee Lauder Companies Inc. (EL). Wednesday, January 12, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corporation (XOM), Sony Group Corporation (SONY), and The Estee Lauder Companies Inc. (EL). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Shares of Exxon Mobil have outperformed the Zacks Integrated International Oil industry over the past year (+56.5% vs. +40.2%). The Zacks analyst believes that major discoveries in the Stabroek Block have enhanced prospects for ExxonMobil's upstream businesses. Exxon recently made two new oil discoveries in the Stabroek Block, which will add to its 10 billion oil-equivalent barrels of recoverable resources from the block.XOM already has a strong presence in the prolific Permian Basin, where it continues to lower its fracking & drilling costs. Exxon Mobil increased its fourth-quarter 2021 dividend to 88 cents per share. In order to capitalize on mounting demand for clean energy, XOM is making efforts to create more efficient fuels while reducing emissions.(You can read the full research report on Exxon Mobil here >>>)Sony shares have gained +15.4% over the past three months against the Zacks Audio Video Production industry’s gain of +14%. The Zacks analyst believes that Sony has been benefiting from an increase in Game & Network Services, Pictures, Music and Electronics Products & Solutions segments sales.Sony’s long-term vision is to achieve a ‘zero environmental footprint’ by 2050 for the entire life cycle of its products. It has incorporated several changes to the Group’s organizational structure in a bid to boost individual businesses as well as to leverage the diversity of its business portfolio. Escalating cost of goods sold and fluctuations in foreign currency exchange rates, however, remain as major concerns for Sony.(You can read the full research report on Sony here >>>)Shares of Estee Lauder have gained +6.6% in the last six months against the Zacks Cosmetics industry’s loss of -19%. The Zacks analyst believes that Estee Lauder has been benefiting from the momentum in its Skin Care business.  A robust online presence is another major catalyst for Estee Lauder’s growth.EL saw net sales growth in every region and product category in first-quarter fiscal 2022. Estee Lauder is also undertaking cost-control measures. The company, however, experienced intermittent shutdowns in certain markets during the first quarter, due to a spike in COVID cases. International travel restrictions have also been affecting consumer traffic in certain locations.(You can read the full research report on Estee Lauder here >>>)Other noteworthy reports we are featuring today include Cigna Corporation (CI), Vale S.A. (VALE) and Block, Inc. (SQ).Sheraz MianDirector of ResearchNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadExxon Mobil (XOM) Gains From Discoveries at Stabroek BlockSONY (SONY) Gains From Strength in Game & Network ServicesThe Estee Lauder Companies (EL) Gains on Skincare StrengthFeatured ReportsCigna (CI) Benefits from Strategic Acquisitions, Costs HighPer the Zacks analyst, strategic buyouts have enhanced the company's capabilities, which in turn have led to top-line growth. However, high costs continue to weigh on margins.Improving Iron Ore Prices to Aid Vale (VALE) Amid High CostsPer the Zacks analyst, improving iron ore prices aided by recovery of steel demand in China will aid Vale's top-line performance. Inflated input and freight costs will likely hurt margins.Growing Cash App Adoption & Seller Momentum Aid Block (SQ)Per the Zacks analyst, Block is benefiting from strong Cash App engagement and its growing active customer base. Further, the company's strengthening momentum across sellers remains a positive.Buyouts, Diversification Aid Moody's (MCO), High Costs AilsPer the Zacks analyst, synergies from strategic buyouts and efforts to diversify revenues will keep aiding Moody's.Order Growth Aids General Dynamics (GD), Poor Deliveries WoePer the Zacks analyst, solid order flow for its products bolsters General Dynamics' revenue growth prospects. Yet poor deliveries from its Aerospace segment, led by COVID-19, might hurt the stock.Investment Aids Edison International (EIX), Weak FinancialsPer the Zacks analyst, Edison International's systematic capital investment strategy plan is likely to boost its growth in the long term.Airfreight Revenues and Dividends Boost Expeditors (EXPD)The Zacks analyst is impressed with the company's efforts to reward its shareholders. The uptick in airfreight revenues represents an added positive.New UpgradesWilliams (WMB) to Benefit from Transco-Related ProjectsThe Zacks analyst believes that Williams' existing and expansionary projects associated with the massive Transco gas transmission system are expected to boost the company's growth prospects.Nucor (NUE) Gains on Strong Demand, Higher Steel PricesPer the Zacks analyst, Nucor will benefit from strong demand across non-residential construction and automotive markets. Higher steel prices will also act as a catalyst for its steel mills unit.Strong Demand for Amarin's (AMRN) Vascepa Driving RevenuesPer the Zacks analyst, Amarin's sole marketed drug, Vascepa, has demonstrated encouraging sales growth since its launch in 2013. The momentum is expected to continue for the rest of 2021.New DowngradesStiff Competition, High Debt Burden Ail America Movil (AMX)Per the Zacks analyst, intense competition from U.S. telecom behemoth AT&T, along with a strict switching policy, is likely to strain America Movil's margins. High debt load is another major concern.Stiff Competition in MedTech Space Ails Cardinal Health (CAH)The Zacks analyst is worried about Cardinal Health's operation in a tough competitive space. Probabilities of losing any group purchasing organizations is an added issue.High SG&A Costs Likely to Weigh on Tapestry's (TPR) MarginsPer the Zacks analyst, a rise in SG&A expenses may hit Tapestry's margins. Adjusted SG&A expenses rose 26.6% year over year to $761.6 million during the first quarter of fiscal 2022. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report VALE S.A. (VALE): Free Stock Analysis Report The Estee Lauder Companies Inc. (EL): Free Stock Analysis Report Cigna Corporation (CI): Free Stock Analysis Report Block Inc. (SQ): Free Stock Analysis Report Sony Corporation (SONY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 13th, 2022

Retail And Hedge Funds Bought The Dip

Retail And Hedge Funds Bought The Dip There was a bit of confusion earlier this week when just as JPMorgan head of global strategy, Marko Kolanovic, was telling one set of bank clients to "buy the dip" (even as his boss Jamie Dimon was predicting a dramatic and risk swoon-inducing tightening in financial conditions, expecting more than 4 rate hikes), another veteran JPMorgan advisor, Bob Michele, who is the asset management group's fixed-income chief, said just the opposite and urged the bank's clients to "hide in cash", warning that the Fed put could be as much as 30% lower in the S&P: “The Fed would let the markets drop much further if their primary concern was battling inflation,” Michele said. “The strike of any put is likely to be declines of 15%–30% in equities, not 2%–3%.” And while Michele may well be right, it is now clear that most retail and hedge fund investors agreed with Kolanovic, and rushed to buy the dip both last week around the time of the uberhawkish FOMC Minutes, and in the days following, while institutional investors were actively selling their holdings. As Bank of America quant Jill Carey Hall wrote overnight, the bank's clients were "net buyers of US equities the first week of 2022($0.5B), during which the S&P 500 fell 1.9%. Clients bought both ETFs and stocks." As she further observes, retail and hedge funds clients led the buying last week even as institutional clients began the year with their biggest weekly outflows since mid-January of last year. Drilling down, the bank's clients bought stocks across all three size segments (large/mid/small). A breakdown of total client activity by sector. What is notable, and as Goldman recently observed, is that retail clients have typically been aggressive buyers in January while other groups have been sellers. According to Hall, January has been the strongest month, on average, for US equity inflows by BofA clients, and has seen net buying in 10 of the last 14 years. This confirms what we reported yesterday, citing JPM quant strategist Peng Cheng, who noted that retail bought $1.07 Billion on Tuesday, the third consecutive day of greater than $1 billion buying; and in the 93rd percentile of all days. Putting this in context, Black Friday net buying was $1.6bn, which was the highest on record. And while retail and hedge funds were BTFD, corporations were just as busy waving it in, and according to Bank of America, buybacks by corporate clients began the year strong, above early Jan. levels for the last few years including 2019 (pre-COVID), led by Tech, Health Care and Financials. Expect more buybacks: they typically accelerate in Jan/Feb during earnings (chart below) after seasonal weakness at year-end – though Dec’21 was stronger than usual (likely pull-forward ahead of potential tax reform risk in 2022), suggesting potentially less of a pick-up. Tyler Durden Wed, 01/12/2022 - 18:40.....»»

Category: blogSource: zerohedgeJan 13th, 2022

PacBio (PACB) Ties Up to Boost Rare Disease Diagnosis in Canada

PacBio's (PACB) recent partnership with Care4Rare, with regard to a study, has the potential to enhance rare disease diagnosis within Canada. Pacific Biosciences of California, Inc. PACB, also popularly known as PacBio, recently partnered with Care4Rare Canada Consortium (“Care4Rare”) in order to study some of the most complicated unexplained rare disease cases within Canada. It is worth mentioning that the study will utilize PacBio’s HiFi long-read whole genome sequencing (WGS) technology to learn about rare disease samples, already sequenced with short-read WGS technology, but for which no genetic variant was found.Care4Rare, which is led out of the CHEO Research Institute affiliated with the University of Ottawa, comprises 21 academic sites throughout Canada. It is recognized internationally as a pioneer in the genomics and personalized medicine space.Per management at CHEO Research Institute, PacBio’s HiFi sequencing will aid in the exploration of new areas of the genome that will help accelerate diagnostic care and offer insights into new avenues of biology.The latest research collaboration is expected to significantly strengthen PacBio’s global genetic analysis business.Rationale Behind the CollaborationIt is noteworthy to mention that there are above 7,000 rare diseases that impact around one million Canadians with the cause of more than one-third of such diseases being unknown.Image Source: Zacks Investment ResearchPer management at PacBio, this collaboration will help in finding answers in rare diseases. According to management, superior quality, long-read WGS is the future of rare disease research. Studies like this one are likely to have a significant impact on the medical community’s ability to turn that future into reality soon.Market ProspectsPer a report by Grand View Research, the global genomics market was valued at $20.1 billion in 2020 and is projected to witness a CAGR of 15.4% from 2021 to 2028. Given the market potential, the collaboration seems to have been timed well.Notable DevelopmentsIn December 2021, the company partnered with the UCLA Institute for Precision Health and David Geffen School of Medicine at UCLA. The research collaboration is aimed at identifying the causes behind rare diseases.In November, PacBio collaborated with ARUP Laboratories to conduct a study intended to assess if the solve rate for rare diseases can be improved. It is worth mentioning that ARUP Laboratories bought a PacBio Sequel IIe system for utilization in the Utah NeoSeq Project.Price PerformanceShares of this Zacks Rank #3 (Hold) company have lost 48.3% in the past year, against the industry’s growth of 3.8%.Stocks to ConsiderSome better-ranked stocks in the broader medical space include Thermo Fisher Scientific Inc. TMO, Abiomed, Inc. ABMD and Laboratory Corporation of America Holdings LH.Thermo Fisher surpassed earnings estimates in each of the trailing four quarters, the average surprise being 9.02%. The company currently carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Thermo Fisher’s long-term earnings growth rate is estimated at 14%. The company’s earnings yield of 3.7% compares favorably with the industry’s (3.6%).Abiomed beat earnings estimates in each of the trailing four quarters, the average surprise being 5.8%. The company currently carries a Zacks Rank #2.Abiomed’s long-term earnings growth rate is estimated at 20%. The company’s earnings yield of 1.2% compares favorably with the industry’s (3.6%).Laboratory Corporation surpassed earnings estimates in each of the trailing four quarters, the average surprise being 25.7%. The company currently sports a Zacks Rank #1.Laboratory Corporation’s long-term earnings growth rate is estimated at 10.6%. The company’s earnings yield of 9.4% compares favorably with the industry’s 3.4%. Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First To New Top 10 Stocks >>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 Laboratory Corporation of America Holdings (LH): Free Stock Analysis Report Thermo Fisher Scientific Inc. (TMO): Free Stock Analysis Report ABIOMED, Inc. (ABMD): Free Stock Analysis Report Pacific Biosciences of California, Inc. (PACB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 6th, 2022

Top Research Reports for Alphabet, salesforce & Starbucks

Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), salesforce.com, inc. (CRM), and Starbucks Corporation (SBUX). Thursday, January 6, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), salesforce.com, inc. (CRM), and Starbucks Corporation (SBUX). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Shares of Alphabet have outperformed the S&P 500 over the past year (+55.3% vs. +25.8%). The Zacks analyst believes that Alphabet’s dominant search market share, an expanding cloud footprint and strengthening presence in the smart home market are the major catalysts for the stock's continued outperformance.Google’s mobile search has been gaining solid momentum. Strong focus on innovation of AI techniques as well as wearables technology is likely to aid business growth in the long term. Alphabet’s expanding presence in the autonomous driving space is another major positive. Growing litigation issues and increasing expenses, however, are concerning.(You can read the full research report on Alphabet here >>>)salesforce shares have lost -17.1% over the past three months against the Zacks Computer Software industry’s gain of +2.9%. Stiff competition, unfavorable currency fluctuations as well as increasing investments in international expansions and data centers are some of the major headwinds for CRM.The Zacks analyst, however, believes that salesforce has been benefiting from a robust demand environment amid a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. The recent acquisition of Slack is likely to position salesforce as a leader in the enterprise team collaboration solution space, thereby enabling it to better compete with Microsoft’s Teams product.(You can read the full research report on salesforce here >>>)Shares of Starbucks have lost -4.9% in the last six months against the Zacks Food & Restaurants industry’s loss of -1.9%. SBUX’s earnings in fiscal 2022 is likely to be impacted by strategic investments and cost inflation. Earnings estimates for 2022 have declined in the past 60 days.The Zacks analyst, however, believes that store growth, robust digitalization initiatives and a sturdy comps growth bode well for the long term. Starbucks’ also reported impressive U.S. comps for the third straight quarter in fourth-quarter fiscal 2021. SBUX now anticipates global comparable sales to reach high-single digits in fiscal 2022.(You can read the full research report on Starbucks here >>>)Other noteworthy reports we are featuring today include Amgen Inc. (AMGN), BP p.l.c. (BP) and Fidelity National Information Services, Inc. (FIS).Sheraz MianDirector of ResearchNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>> Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First To New Top 10 Stocks >>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 BP p.l.c. (BP): Free Stock Analysis Report salesforce.com, inc. (CRM): Free Stock Analysis Report Amgen Inc. (AMGN): Free Stock Analysis Report Starbucks Corporation (SBUX): Free Stock Analysis Report Fidelity National Information Services, Inc. (FIS): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 6th, 2022

Garmin (GRMN) Boosts Fitness Tracking Efforts with New Watch

Garmin (GRMN) rolls out a GPS smartwatch called Venu 2 Plus to expand its offerings in the fitness tracker market. Garmin GRMN seems not to be content enough when it comes to making advances in the booming fitness tracker market on the back of its expanding smartwatch portfolio.The latest launch of GRMN’s GPS smartwatch Venu 2 Plus backs this fact.The watch contains robust health, wellness and fitness features like heart rate monitoring, stress tracking, energy monitoring and Pulse Ox1, offering 24/7 health monitoring.Further, Garmin provides sleep score with insights from Firstbeat Analytics. GRMN also performs women health monitoring by tracking menstrual cycle and pregnancy efficiently.The watch is compatible with various workout options and supports the recently introduced GPS sports apps, such as walking, running, HIIT, cycling, pool swimming, Pilates, yoga, indoor climbing, hiking, advanced strength training with muscle map graphics and more.In addition to these fitness features, Venu 2 Plus allows users to receive calls. Moreover, Garmin enables them to ask questions, send texts and control compatible smart home devices with their voice commands via voice assistants. Venu 2 Plus is compatible with Siri, Google Assistant and Bixby.The latest move bodes well for Garmin’s strengthening efforts toward expanding its smartwatch portfolio.Apart from Venu 2 Plus, GRMN recently launched vívomove Sport hybrid smartwatch, comprising advanced health, fitness and connectivity features with real ticking watch hands.Garmin Ltd. Price and Consensus Garmin Ltd. price-consensus-chart | Garmin Ltd. QuoteFitness Tracker Market Holds PromiseFitness trackers and wearables are steadily becoming mainstream in the multi-trillion healthcare industry as these became the most convenient options to monitor personal health with accuracy, track fitness and perform the post-operative care of patients.Moreover, continuous innovation in technologies like AI, ML and the IoT that largely back these automated devices, provides health information with high precision.Additionally, the adoption rate of these devices is increasing rapidly owing to an elevated level of interest in health and wellness monitoring due to the rising health concerns induced by COVID-19.A report from Fortune Business Insights shows that the global market for fitness trackers is likely to hit $91.98 billion by 2027, witnessing a CAGR of 15.2%.We believe, Garmin is well-poised to capitalize on this growth opportunity on the back of its strengthening smartwatch family.Competitive ScenarioThe latest move is likely to intensify competition for other incumbents like Apple AAPL, Amazon AMZN and Alphabet GOOGL, which are also leaving no stone unturned to expand their footprint in the booming fitness tracker space.Apple, currently dominating the wearable space on the back of its expanding Watch family, is constantly making efforts to sustain its supremacy. The strong adoption of Apple Watch on the back of useful and advanced features like Cycle Tracking, the Noise app and Activity Trends, remain a major positive.Amazon is riding on the growing momentum across its Amazon Halo and Amazon Halo Band, the fitness tracking service and wearable, respectively. Recently, AMZN introduced Halo View, Halo Nutrition and Halo Fitness to expand its personal-health monitoring menu.Alphabet’s Google is firing on all cylinders in the wearables and fitness tracker market on the back of its noteworthy acquisition of Fitbit. Expanding the Fitbit family with major updates on Wear OS poises Google well to capitalize on surging demand for fitness trackers.Nevertheless, Garmin’s expanding product portfolio for the fitness business, built with both internal development efforts and acquisitions, makes it a potential player in the wearable space.Currently, Garmin carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First To New Top 10 Stocks >>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 Amazon.com, Inc. (AMZN): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Garmin Ltd. (GRMN): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 6th, 2022