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Set the Mood with Luxury Home Lighting Solutions

When you’re staging a luxury property for sale, there are a lot of factors to consider. From curb appeal to furniture placement, every detail matters to an affluent home buyer. Likewise, having proper external and internal lighting can make a big difference in setting the overall mood and ambiance. As luxury real estate professionals, you… The post Set the Mood with Luxury Home Lighting Solutions appeared first on RISMedia. When you’re staging a luxury property for sale, there are a lot of factors to consider. From curb appeal to furniture placement, every detail matters to an affluent home buyer. Likewise, having proper external and internal lighting can make a big difference in setting the overall mood and ambiance. As luxury real estate professionals, you should understand the importance of home lighting, the current lighting technology available for use in luxury homes, and how to select the best lighting for any given property. Not sure where to start? Here are a few things to consider from professional lighting designers and luxury real estate experts. Why lighting matters in luxury real estate Home lighting is typically not the first thing that comes to mind when staging a luxury property for sale. Usually, you would assume that the current lighting of the house will suffice. However, while other real estate professionals may overlook this aspect, your ability to seek out the proper lighting will help you stand out from the crowd. Why is home lighting the critical component of your staging strategy? The difference is day and night. For starters, an adequately lit home in the morning feels spacious and welcoming for potential buyers, while a dimly lit home at night is cozy and creates a warm ambiance for the family. When showing the property in the morning, make sure there is a balance between home lighting and natural lighting to help potential buyers see every aspect of the home. Then, consider inviting them back for an evening showing to see how the interior lighting “sets the mood” for family time after a long day. When potential buyers get to experience both aspects of the property, it’s easier to sell them on the idea of their future lifestyle in this home. A quick history lesson on lighting technology The evolution of lighting technology in luxury real estate has come a long way in recent years with the development of light-emitting diodes, more commonly known as LED lights. However, LEDs were created for the industrial market for appliances, cars, and just about every other application except real estate. It wasn’t until energy consumption became a more severe issue globally that LEDs became a household item. Initially, LEDs emitted a very bright light that couldn’t be dimmed. As you can imagine, real estate professionals and homeowners alike didn’t take to this new lighting very well. Over time, the latest LED technology emerged and allowed these lights to emit a warmer and more color-balanced light. Today, LEDs can create just about any color imaginable—and they can be easily dimmed to create the perfect ambiance for every room in the house. Choosing the right lighting for your listing In a recent episode of our Estate of Mind podcast, professional lighting designer Lynne Stambouly offered practical advice for luxury real estate professionals looking to stage a home with the proper lighting. Throughout the episode, Stambouly emphasizes the importance of lighting the home “correctly” by ensuring color consistency is present throughout and dim-ability functions are working correctly. When there’s too much variation throughout the house, this can create a sense of unbalance that potential buyers will notice. Another challenge you might face is the dimming ability of LED bulbs, as some don’t dim as smoothly as traditional incandescents. Therefore, Stambouly strongly recommends viewing properties at night to get a better feel for the overall lighting aesthetic and consistency before putting the house on the market. Final note on luxury home lighting solutions There’s a lot more to luxury real estate lighting than you might realize—but when lighting is executed correctly on a luxury real estate property, you can set the tone for a potential buyer to fall in love with the home. You might be surprised at the difference the proper lighting can make both inside and out, so be sure to assess the property’s lighting early on in the staging process to make changes as needed. Want a more in-depth look at luxury real estate lighting solutions? Listen to the full Estate of Mind podcast episode with Lynne Stambouly to learn more, and reach out to the Institute for Luxury Home Marketing team for more information on taking your career in luxury real estate to the next level. Diane Hartley is the president of the Institute for Luxury Home Marketing, a premier independent authority in training and designation for real estate agents working in the upper-tier residential market. Hartley brings her passion for luxury marketing and more than 20 years of experience growing and leading businesses to her role as president of the Institute. The post Set the Mood with Luxury Home Lighting Solutions appeared first on RISMedia......»»

Category: realestateSource: rismediaMay 19th, 2022

A European airline just unveiled its new business class seat, but the seats don"t recline — meet Finnair"s AirLounge

According to Finnair's David Kondo, removing the recline mechanism and using a 3D shell gives passengers a "larger flexible living space." Finnair's new AirLounge business class seat.Finnair Finnair has unveiled its all-new business class seat for its Airbus A330 and A350 planes, but it doesn't recline. The revolutionary design is rare in the industry, but it still comes with several luxury amenities. According to Finnair, forgoing recline allows "larger flexible living space" to sit or lay in different positions. Finnish flag carrier Finnair is upgrading its business class with an all-new seat.Finnair.Markus Mainka/ShutterstockBritish Airways' new business class will be on all of its Boeing 777s by the end of 2022 — take a look at the upgraded seatThe innovative AirLounge has been developed by Collins Aerospace, a company that specializes in interior cabin products, and will be fitted onto the airline's Airbus A330 and A350 widebody jets.Finnair's new AirLounge business class seat.FinnairSource: FinnairFinnair is the launch customer of the new product, which has been inspired by lounge furniture. It features a large, fixed cocoon-like shell…Finnair's new AirLounge business class seat.FinnairSource: Finnair…a privacy divider…Finnair's new AirLounge business class seat.FinnairSource: Finnair…18-inch inflight entertainment screens…Finnair's new AirLounge business class seat.FinnairSource: Finnair…a flexible table for working or dining…Finnair's new AirLounge business class seat.FinnairSource: Finnair…USB A, USB C, and PC ports…Finnair's new AirLounge business class seat.FinnairSource: Finnair…wireless mobile charging…Finnair's new AirLounge business class seat.FinnairSource: Finnair…and different lighting options. Specifically, each seat has a customized lamp that can tailor the ambiance of the space to the passenger. It also doubles as a reading light.Finnair's new AirLounge business class seat.FinnairSource: FinnairMoreover, there is also a "do not disturb" light for total privacy.Finnair's new AirLounge business class seat.FinnairSource: FinnairThe seat lamp complements the new mood lighting installed in the cabin, which was designed to combat jet leg.Finnair's new AirLounge business class seat.FinnairSource: FinnairAccording to Finnair, the lighting is inspired by Nordic nature, including the Northern Lights, which comes on when the cabin is dimmed for sleep.Finnair's new AirLounge business class seat.FinnairSource: FinnairMoreover, the seat features Finnair's "Nordic design style" that includes a "warm, dark, comforting colour scheme"Finnair's new AirLounge business class seat.FinnairSource: FinnairAirLounge also offers specially designed storage space for laptops, other electronic devices, and personal items. The storage is certified for taxi, takeoff, and landing, so travelers will be able to access their items without needing to wait for the fasten seat belt sign to turn off.Finnair's new AirLounge business class seat.FinnairSource: FinnairWhile the premium seat comes with luxury amenities, it lacks one thing many travelers deem necessary in business class — recline.Finnair's new AirLounge business class seat.FinnairSource: FinnairAccording to David Kondo, Finnair's head of customer experience product design, removing the recline mechanism and using a 3D shell gives passengers a "larger flexible living space."Finnair's new AirLounge business class seat.FinnairSource: Finnair"This allows you to move more freely and take up different positions that traditional aircraft seats do not allow," he said in a press release.Finnair's new AirLounge business class seat.FinnairSource: FinnairMeanwhile, when sitting, passengers can prop their feet onto the ottoman that is included in the seat…Finnair's new AirLounge business class seat.FinnairSource: Finnair…or bring up panels to create a larger flat surface to spread out.Finnair's new AirLounge business class seat.FinnairSource: FinnairThe seat also comes with a mattress, duvet, and fluffy pillows to create a bed for sleeping.Finnair's new AirLounge business class seat.FinnairSource: Finnair"Our investment to enhance the long-haul customer experience demonstrates the continuing commitment of the whole Finnair team to deliver a premium experience in every cabin on our aircraft," Finnair CEO Topi Manner said.Finnair's new AirLounge business class seat.FinnairSource: FinnairIn addition to the new seat, Finnair is also introducing new cutlery and chinaware for business class meals, which was inspired by the contemporary home environment.Finnair's new AirLounge business class dining.FinnairSource: FinnairFinnair's business class passengers will also have the option to enjoy snacks and drinks from the new refreshment area installed in the front of the aircraft.Finnair's new AirLounge business class galley.FinnairSource: FinnairOverall, despite lacking recline, the new lounger is much larger than the airline's current offering, which is a typical lie-flat seat with limited storage.Finnair current business class.FinnairSource: USA TodayMoreover, the current product does not have as much space for passengers to spread out, and its inflight entertainment screen is two inches smaller.Finnair current business class.FinnairSource: USA TodayAccording to Finnair, the new business loungers are expected to fly by spring 2022. While it is uncertain how customers will react to no recline, the revolutionary approach to luxury travel is sure to turn heads.Finnair's new AirLounge business class seat.FinnairSingapore Airlines unveiled a swanky new lie-flat business class seat on its Boeing 737 MAX planeRead the original article on Business Insider.....»»

Category: personnelSource: nytFeb 26th, 2022

These 15 brands make the best-smelling candles to light at home or give as gifts in 2021

From soothing and fresh scents to clean-burning wax and display-worthy jars, these are the best candle brands in 2021. When you buy through our links, Insider may earn an affiliate commission. Learn more. Otherland Candles can bring an alluring new scent to a room, add to your decor, or make for a thoughtful gift. Here are the best candle brands with simple fragrances or complex aromas in display-worthy jars. Candles add mood lighting and a fresh aroma to your home, but you can also use them to create a centerpiece or dress up your decor. Plus, they make for excellent gifts.There are numerous types of candles to consider, and how you'll use them will largely dictate which option is best. You can give your kitchen or bathroom an easy update with a clean scent in a classic tin. Tapered and pillar candles make lovely centerpieces. For gifts and candles you plan to display, the packaging comes into play. With elegant labels or hand-blown jars, many of our favorite brands make candles so beautiful you may even be tempted not to light them at all.The fragrance is key, whether you love fruity notes, like to keep it fresh and simple, or want a signature winter scent wafting through your home.Knowing that there's an overwhelming number of candle options to explore, we rounded up the best candle brands based on our team's collective love for good candles and our own experiences.Table of Contents: Masthead StickyHere are the best candle brands Otherland Otherland With their elaborate packaging and delicious scents, these candles live up to their name and will transport you to another world.Great for gifting or as a treat to yourself, Otherland candles have become a top choice among millennials thanks to their beautiful packaging and labels, coupled with unique scents. Choices range from Alpine Crystal (with notes of juniper, icy tonic, and lemon fizz) to Dappled Wood (featuring hints of sandalwood, toasted walnut, and sweet hay). If you can't quite make up your mind, you can build a three-pack and save 18%. Or you can build out a gift set that includes a black or white box, a single candle or three-pack, and a matchbox that has cute options for saying thanks, wishing someone a happy birthday, and more.Good for: Unique scents, giftingWorth a look:Core Collection: Rattan (small) Bath & Body Works Bath & Body Works If you've ever set foot in a Bath & Body Works, then you know fun aromas are the name of the game, from holiday scents to fruity fragrances.Bath & Body Works has been well-known for its scented candles for decades. But if you haven't looked at its candles for several years, you might be surprised at how much the shop has upped its branding game. Striking glass jars with three-wick candles and elegant labels are not only worthy of sitting out on the coffee table, but they will also last you months and are an excellent value.Scents come in a wide range of seasonal and fun options, from Merry Mimosa and French Baguette to Fresh Balsam (a personal favorite) and Fiji White Sands.Good for: Candles in seasonal scents, good valueWorth a look:Champagne Toast (small)Lavender Vanilla (small) Diptyque Diptyque For high-end candles with intoxicating scents worth gifting or putting on display, you can't go wrong with Diptyque.French fragrance company Diptyque is practically synonymous with high-end candles. Though pricey, its options exude effortless elegance in both looks and scents. Classic favorites like the Baies scent make for excellent gifts (they've long been my go-to housewarming gift), and the colorful glass and ceramic candle jars will certainly win you compliments.  If you're vigilant enough to check for its annual limited-edition city candle collection, which usually sells out fast, you can score decor-worthy candles featuring aromas that will transport you to Tokyo or Berlin from the comfort of your living room.    You can also find Diptyque candles at popular retailers like Nordstrom and Bloomingdales. Good for: High-end candles worth gifting and using as decorWorth a look:Baies/Berries (small)La Prouveresse Candle (small)Figuier/Fig Tree Candle (small) Homesick Homesick Like the name implies, Homesick features nostalgic candles that will bring you back to a specific place.Whether it's for yourself or a gift for a loved one, Homesick candles are great for bringing you the scent of a specific favorite locale. The brand features fragrances based on every US state, plus many popular cities and countries. It even has aromas to remind you of specific moments and favorite memories, such as Ski Trip, Friday Night Football, and Grandma's Kitchen.Each candle is 13.75 ounces and comes in a simple glass jar with a black-and-white label.Read our full review of Homesick candles.Good for: Nostalgic scentsWorth a look:Book Club Candle (small)France Candle (small)Minnesota Candle (small) Greentree Home Greentree Home For simple and classic beeswax candles from tapers to tea lights, Greentree Home has you covered at an affordable price. If your main goal is to find a classic candle for your decorative candlestick holders or tea lights to make a centerpiece, you don't have to get too fancy. Greentree Home has simple but elevated options in an array of colors. Based in the foothills of the Catskills Mountains, the company designs and produces handmade beeswax candles that are great quality but still affordable. For those who are looking for something a little more fun, they also have candles in unique shapes like pine cones, monkeys, and bottles.Good for: Classic tapers, pillars, tea lights, fun shapes Worth a look:Everyday Tapers (small)Tea Lights (small)Wee Pine Cones (small) Nest New York Nest New York Stylish glass jars and boxes plus premium wax set these candles apart.Nest candles are great for leaving out on the mantle or table thanks to their simple but elegant glass holders that match just about any decor. Plus, they all arrive in attractive boxes, making them a nice option for gifting, too.Depending on your budget, you can choose from large three-wick options, small minis, or classic single-wick candles. Nest offers festive options like Holiday Classic and complex aroma that works year-round, like Moroccan Amber. Good for: Decorative candles, giftsWorth a look:Bamboo Votive Candle (small)Moroccan Amber Classic Candle (small) Harlem Candle Co. Harlem Candle Co Long-lasting candles infused with history can be found at Harlem Candle Co.Harlem Candle Co.'s signature 12-ounce candles burn for up to 80 hours, but what sets them apart are the accompanying backstories. Each one is named for a historical spot and person with ties to Harlem, where the candles are also made. For example, the Savoy candle highlights the iconic Savoy Ballroom. Evoke the glitzy and happening nightlife scene via rich notes of blackcurrant, mandarin, green apple, and juicy pear, along with Lily of the Valley and jasmine petals and sandalwood. The Ellington candle pays homage to the jazz legend with scents of bergamot, cinnamon, sage, lavender, crystalline amber, and more. You can also shop from collections like the "Nightclub Map of Harlem" or opt for 4-ounce travel-size candles that come in gold tins.   Good for: Unique scents with enriching backstories, giftsWorth a look:Langston Luxury Candle (small)Holiday Nightclub Map Candle (small)Speakeasy Candle (small) Mrs. Meyer's Mrs. Meyer's The brand you know and love for hand soap and cleaning products also makes fresh-scented candles.Mrs. Meyer's is most well known for soaps and cleaning supplies. But the brand also makes simple candles that will leave your house smelling fresh and clean. While the candles may not come in fancy containers, they're under $10 and smell great. If you do want something that looks a little nicer, you can also opt for the small tins that have cute illustrations on them. The candles also use soy wax and vegetable wax, and the glass jars can be repurposed once you're done burning. Choose from crisp scents like Honeysuckle, Lemon Verbena, Basil Soy, and more.    Good for: Basic and classic candles, clean scents, affordable candles  Worth a look: Honeysuckle Large Jar Candle (small)Lemon Verbena Soy Candle (small)Basil Tin Candle (small) Lafco Lafco Hand-blown glass vessels and premium ingredients have made these a standout favorite.When I asked my colleagues about their favorite candle brands, several lept at the chance to tell me about Lafco. These candles use premium, chemical-free ingredients like 100% cotton wicks and vegan, soy wax.What makes them a favorite around our office are the gorgeous, hand-blown glass jars that come in shiny, candy-apple reds and deep and nuanced cerulean blues. These candles are eye-catching and sure to steal the show whether they're part of your holiday decor or just adding some spruce to your home office.   Good for: Chemical-free candles, beautiful reusable jarsWorth a look:Rosemary Eucalyptus (small)Fresh Cut Gardenia (small)Spike Lavender (small) Ani + Co Ani + Co Channel peace and positivity with these coconut wax blend candles that are hand-poured in small batches.Ani + Co.'s handmade candles are meant to burn fresh and clean and inspire inner peace with options that are vegan, eco-friendly, cruelty-free, and phthalate-free.The classic scents available include Homme, Myrrh, Passion Grapefruit, Campfire, Siena, and more. You can also buy candles as part of "Mood Sets" trio bundles or sample packs of mini candles.Good for: Candles made with all-natural ingredients, candles to light your at-home yoga studio or meditation roomWorth a look:Candle (8-ounce) (small)Trio Bundle (small) Le Labo Le Labo There's a reason Le Labo products and scents are found in many five-star hotels around the world. Step into a five-star hotel bathroom, and you may find Le Labo bath products waiting for you. Bring that luxurious scent and feel into your own home with their candle collection. The Santal Collection is one of its best-known scents, and you can opt for the fresh scent in a classic glass jar, in a concrete holder, as three minis, or as a vintage look with an expertly crumpled tin can option. You can even personalize the label, the date, and your name for an extra-special touch.Good for: Luxurious candles you'd find at fancy hotelsWorth a look:Santal 26 Classic Candle (small)Santal 26 Mini Concrete Votives (small)Santal 26 Vintage Candle (small) Anecdote Candles Anecdote Candles Great for a funny gift, Anecdote Candles will put a smile on any recipient's face. Need a last-minute but fun birthday gift or still racking your brain for what to bring to your friend's virtual housewarming party? Anecdote Candles are just the ticket.There are humorous scents for all occasions, and the descriptions of what each candle smells like are even funnier than the names. Options include Quarter-Life Crisis (smells like all panic and no disco), Bottomless Mimosas (smells like good vibes and fresh gossip), and Novella (smells like rich mahogany and thoughtful prose). Each candle comes in a simple glass jar or tin. Fun holiday options come in gold jars, like Mistletoe (smells like a silent wingman).Good for: Fun candles, humorous giftsWorth a look:Adulting (small)Comfort Zone (small)Quarter-Life Crisis (small) Capri Blue Capri Blue Capri Blue has fun options for all budgets, from simple mini tins to fancy faceted jars. Whether you want a simple candle with a clean scent for under $10 or a fancy and colorful jar to keep out or gift, Capri Blue has options for you.There are 48-ounce jumbo jars that burn up to 100 hours, decorative mini tins, 19-ounce signature tins in colors from soothing blue to bubblegum pink, chic glass jars, and more. Scents equally run the gambit, from tropical and fruity Aloha Orchid Blue to Dark Vanilla and Sandalwood. If the candle sounds familiar, it may be because it's Anthropologie's signature scent and what the stores burn all day, every day.Good for: A range of budgets, classic jars and tinsWorth a look:Aloha Orchid Blue Mini Tin (small)Blue Jean Faceted Jar (small) Boy Smells Boy Smells A buzzy new-ish brand that's quickly amassed a loyal following, Boy Smells candles are known for great branding, inclusivity, and delicious aromas.With a marketing mission to make their candles "genderful" — as opposed to specifically targeting men or women or being gender-neutral — Matthew Herman and David Kien launched Boy Smells in 2016. Though it's a newcomer on the candle block, the brand has a devoted following thanks to its unique black candles with pink labels. Plus, they smell great.The company recently partnered with Kacey Musgraves on a Slow Burn collection, and its signature candles include scents you won't find anywhere else. The popular Kush predictably smells of pot, mixed with suede, white musk, tulip, and amber. If you can't choose just one, pick up a bundle instead.  Good for: Votive candles, the in-the-know millennial in your lifeWorth a look:Les, Petal, and Lanai Votive Set (small)Kush (small)Agua De Jardín (small) Jo Malone Jo Malone It should come as no surprise that the brand known for luxury perfumes also makes heavenly candles.This luxury British fragrance brand likely makes the perfume worn by your effortlessly cool (and rich) friend. The same delicious and layered scents can also be found in their candle collections.Candles are found in simple glass jars that tend to be more timeless than wow-worthy. But that can be a plus if you're seeking a decor-neutral option that's still sophisticated. As you might expect, these candles don't come cheap. For a more affordable option, you can opt for a travel-size candle. Even in a smaller size, the scent will still pack a sweet punch. You can also find Jo Malone candles at retailers like Nordstrom.Good for: Decor-neutral candles, luxury candlesWorth a look:Pomegranate Noir Scented Home Candle (small)English Pear & Freesia Travel Candle (small)Lime Basil & Mandarin Deluxe Candle (small) Check out our other related buying guides West Elm/Instagram The best throw blanketsThe best places to buy affordable fine jewelryThe best wine clubsThe best online flower delivery services Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 12th, 2021

Lithia"s (LAD) Latest Buyouts to Add $950M in Annual Sales

With the latest buyouts, Lithia's total expected annualized revenues acquired in 2022 so far reach over $2.1 billion. Lithia Motors LAD recently announced the acquisition of nine Lehman Auto World dealerships. With these buyouts, Lithia has expanded its footprint in South Florida. In November 2021, the company had made its foray in South Florida with the addition of two Audi stores, which significantly bolstered the company’s luxury foothold in the Southeast region.In addition to the nine Lehman dealerships, it has also purchased two Esserman International stores in Miami-Dade County. These 11 dealerships are expected to add $850 to Lithia’s annualized revenues.The company also bolstered its presence in Las Vegas with the buyout of Henderson Hyundai and Genesis. This marks Lithia’s eighth purchase in the Las Vegas metro store and is expected to add $100 million in annual revenues. Lithia has been riding on a spree of acquisitions, which brought the firm’s total expected annualized revenues acquired to $7 billion in 2021, keeping it well ahead of the schedule laid out in the five-year plan rolled out in July 2020. Lithia targets to generate $50 billion in revenues and $55 in earnings per share by 2025, including 200 plus acquisitions. With the latest buyout, Lithia’s total expected annualized revenues acquired in 2022 so far have reached over $2.1 billion.Apart from its strategic buyouts, Lithia is benefiting from the digitization ramp-up. Enhanced digital solutions — including the Driveway e-commerce program — are helping Lithia to further boost profitability and market presence. It is the company’s e-commerce home solution, which enables customers to purchase or sell vehicles online and schedule at-home services. Driveway exceeded 15,000 annual transactions run rate in 2021. Encouragingly, more than 97% of the transactions completed on Driveway were new customers. Growth on the platform would serve as a key to longer-term market share gains and earnings accretion. Driveway is targeting $1 billion in revenues in 2022 and further scaling to $9 billion in annual revenues by 2025, thus setting the path for Lithia’s rapid growth.Thanks to its solid profitability and cash-generating potential, the company remains committed to maximizing shareholders’ value. Year to date, Lithia has bought back approximately 2.1 million shares at a weighted average price of $285, with roughly $116 million remaining under its current authorization.Zacks Rank & Other Key PicksLithia currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked players in the same space include AutoNation AN, Group 1 Automotive GPI and Penske Automotive PAG. Each of these stocks is Ranked #1.AutoNation is valued at roughly $7 billion. The Zacks Consensus Estimate for AN’s 2022 earnings has been revised 5.4% upward over the past 60 days. The company has a projected earnings growth rate of 28% for 2022. AutoNation’s strong footprint, large dealer network, aggressive store expansion efforts along with brand extension strategy and alliances are praiseworthy.Penske is valued at around $8 billion. The Zacks Consensus Estimate for PAG’s 2022 earnings has been revised 3.4% upward over the past 30 days. The company has a projected earnings growth rate of 13.7% for 2022. Penske’s spree of buyouts, low leverage and commitment to maximizing shareholder value augur well.Group 1 is valued at approximately $2.9 billion. The Zacks Consensus Estimate for GPI’s 2022 earnings has been revised 11.8% upward over the past 60 days. The company has a projected earnings growth rate of 23% for 2022. In 2021, Group 1 completed transactions representing $2.5 billion of acquired revenues. The AcceleRide platform, its online retailing initiative, active at most of the firm’s U.S. dealerships, is likely to aid Group 1’s long-term prospects. You can see the complete list of today’s Zacks #1 Rank stocks here.  Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report AutoNation, Inc. (AN): Free Stock Analysis Report Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 30th, 2022

With digital business growing, AB InBev"s CMO wants to deliver your beer right to your seat

Marcel Marcondes, global chief marketing officer at AB InBev, last week at the Cannes International Festival of Creativity. Insider spoke to Marcel Marcondes, global CMO at AB InBev, at the Cannes Festival of Creativity.  Digital commerce is key for the company, with more than 50% of revenue coming from online channels. AB InBev was named Cannes Lions' Creative Marketer of the Year 2022.  More than 50% of AB InBev's revenues come from digital channels, Marcel Marcondes told Insider last week, during a video interview at the Cannes Lions International Festival of Creativity 2022. AB InBev was named this year's Cannes Lions' Creative Marketer of the Year. The global brewer of such brands as Stella Artois, Corona, and Budweiser, said that the pandemic brought about changes in consumer behavior — some permanent, and some already fading.One pandemic trend, of bulk buying of beer for the home, has declined. "It's a different shopping behavior," Marcondes said. "The 24 banks and 36 packs...became much more popular, are much more relevant...This is already coming back to normality."The shift to digital commerce won't be rolling back, however. "Digital integration became a top priority for us as a company," Marcondes said. "There's a gigantic process going on within our company on B2B, on DTC, so that we can really remain connected with customers."Marcondes said they are bringing digital solutions to entertainment and sports venues. "We want to be able to provide the consumers there a product without asking them to leave their seats," he said. "There's nothing worse than spending a lot of time in line to be able to buy something."As the global economic picture grows more uncertain, Marcondes says the beer category tends to be resilient. "When people have a hard time to afford more expensive and bigger things, beer becomes even more important as the affordable luxury." Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 28th, 2022

One-of-a-Kind Houston Penthouse Sells for $6.9 Million

Property Highlights: Where: Houston, Texas Sold For: $6.9 million Features: 9,500-square-foot penthouse with six bedrooms and six bathrooms Added Appeal: 600-bottle, climate-controlled wine room, expansive outdoor space with private pool, movie theater, golf simulator, Himalayan sauna and steam room Perched atop the Astoria in Houston is a full-floor residence with all the bells and whistles… The post One-of-a-Kind Houston Penthouse Sells for $6.9 Million appeared first on RISMedia. Property Highlights: Where: Houston, Texas Sold For: $6.9 million Features: 9,500-square-foot penthouse with six bedrooms and six bathrooms Added Appeal: 600-bottle, climate-controlled wine room, expansive outdoor space with private pool, movie theater, golf simulator, Himalayan sauna and steam room Perched atop the Astoria in Houston is a full-floor residence with all the bells and whistles you’d expect to see more in a New York City dream pad. The 28th-floor space, situated on Post Oak Boulevard, notes a lavish design scheme curated by award-winning Laura U Design Collective, boasting an open floor plan, custom lighting, marble floors, chef’s kitchen and an array of lush amenities that marry the ritz and convenience of a five-star hotel with the private comforts of hearth and home. The penthouse, which recently sold for the second-highest price in Houston’s history, was listed exclusively by Nan and Company Properties—a digitally-driven, Christie’s International Real Estate affiliated team catering to Houston and foreign national clientele. Nan’s President and CEO Nancy Almodovar was the exclusive listing agent for this property. RISMedia spoke with Almodovar, who revealed some of her tricks of the trade, as well as exclusive details pertaining to this one-of-a-kind penthouse. Joey Macari: What was your objective when listing this record-setting property? Nancy Almodovar: My goal for this property was to sell the most expensive home in the sky here in Houston. JM: How does the sale of the Astoria Penthouse reflect the surging demands of the luxury Houston market? NA: Because of its price point, it shows how buyers of that caliber are buying, and when they want something, they want something. They were not the first buyer interested in this property. They were actually the third to show interest in purchasing the property. JM: How did you attract potential buyers? NA: We found buyers for this property through our digital marketing, as we have the largest social media following for a local real estate company in Texas. It’s our digital advertising approach that helped us attract buyers. JM: How did you stage the home to maximize the sales price? NA: I had a professional company stage it to make sure the furniture went with the aesthetics of the home. In order to attain the best sales price, there was a lot of negotiation to ensure we got the right price for our seller. JM: How did you successfully execute the transaction? NA: A REALTOR® must follow up and review everything that is happening on a daily basis. I was able to execute this sale through persistence and keeping a very detailed to-do list and timeline of the full transaction. It was very important for me to make sure both my buyer and seller were up to date on the next steps throughout the entire process. A REALTOR® must not assume, but rather, make sure to educate the buyer and seller on the process, ensuring that they stay informed each step of the way. Through my expertise as a luxury Houston REALTOR®, digital marketing strategies and negotiation skills—this was a successful sale. JM: What makes this a “Great Space?” NA: Having 10,000 square feet of living space in the sky with 360-degree views of Houston and 1,500 square feet of outdoor balcony space. For more information, visit www.nanproperties.com. The post One-of-a-Kind Houston Penthouse Sells for $6.9 Million appeared first on RISMedia......»»

Category: realestateSource: rismediaJun 25th, 2022

Live by-election updates: Boris Johnson should quit or be forced out, former Conservative leader says

The by-election results in Wakefield and Tiverton & Honiton are piling fresh pressure onto Boris Johnson, as voters turn from the Conservatives. A file photo of Oliver Dowden and Boris Johnson at the Conservative party conference.Ian Forsyth/Getty Images Former party leader Michael Howard has called on Boris Johnson to quit or be forced out. Tory MP Geoffrey Clifton-Brown said another leadership challenge could be triggered in weeks. Malcolm Rifkind warned Johnson could be brought down by just a dozen junior ministers. Boris Johnson should quit or be forced out of office, former party leader Michael Howard has said. Howard, who led the Tories in opposition, told the BBC: "I think the party, and even more importantly the country, would now be better off under new leadership."He called for the 1922 committee to consider changing the rules so that a new leadership vote, despite Johnson having narrowly won during a recent challenge. Cabinet ministers should also "very carefully consider their positions, as Oliver Dowden has done", Howard said. Dowden resigned as Conservative Party chairman early Friday morning, saying: "We cannot carry on with business as usual. Somebody must take responsibility." Dowden's letter makes no mention of support for the prime minister, but only his loyalty to the party. Other senior Tories have also suggested Johnson could face a fresh leadership challenge.Sir Geoffrey Clifton-Brown, Treasurer of the 1922 committee, said the Conservative Party will hold "serious discussions" in the next few days "and then we will all have to make difficult decisions".Malcolm Rifkind, who served in Margaret Thatcher's final Cabinet, said Johnson could be brought down by a dozen junior ministers.  Former Conservative leader, Michael Howard, calls for Boris Johnson to quit – or others in party to force him outFormer Conservative leader Michael Howard has called for Boris Johnson to quit, after the party lost two key seats in the by-elections overnight. Howard, who led the Tories between 2003 and 2005, told BBC's World at One: "I think the party, and even more importantly the country, would now be better off under new leadership."He added: "[Johnson's] biggest asset has always been his ability to win votes, but yesterday's results make it clear that he no longer has that ability."The best person who has the ability to judge the mood of both the party and the electorate is its chairman. I have enormous respect for Oliver Dowden and the implications of his resignation letter are, I think, very clear."Howard noted that in the by-elections "the electorate delivered its verdict... I don't think it's very likely that he will [resign] but there are others who can take action, who can make that course come about".Tory MPs mulling whether to trigger second leadership contest in Boris Johnson, says senior backbencherBoris JohnsonUK Parliament/Jessica Taylor/Handout via REUTERSSir Geoffrey Clifton-Brown has said Tory MPs will decide whether to trigger a leadership contest in the coming weeks.  "We will need to hear from the prime minister how he intendes to lead the country forward to address the very serious and increasinly difficult economic problems we have got."When we have head that we will need to make an assessment whether that is acceptable to the party or whether we need to trigger a leadership contest of one form or another."Acknowleding the "current rules" mean Boris Johnson could not face another vote of no confidence in the next 12 months, Clifton-Brown told Sky News it would be a "very serious decision" to shake things up. "The parliamentary party would need to make it very clear to the [1922] executive that the rules need to be changed, and that would be a decision for the whole executive," he added. "Colleagues are talking privately, working out what is the best way forward." A dozen ministers could end Boris Johnson's leadership, says Sir Malcolm RifkindSir Malcolm Rifkind says Boris Johnson could be brought down by a dozen junior ministersAwakening/Getty ImagesThe Conservatives have "moved into a fundamentally new stage of this ongoing controversy" because of the resignation of Oliver Dowden, according to Tory grandee Sir Malcolm Rifkind.Rifkind, a former Cabinet minister under Margaret Thatcher and John Major, tells Sky News that Dowden's resignation letter was "a very clear way of saying the prime minister is refusing" to take responsibility. Divisions among ministers "have to be brought to a conclusion in one way to another", he adds, saying the end of Thatcher's tenure came about without a challenge to her "integrity".He adds: "Given the resignation of a senior Cabinet minister, on  this very issue, ks what the views are not just of the Cabeint but 50 or 60 junior ministers of state, without whom the government cannot function."Boris Johnson should seek their views or they should go to him, he adds, but "if a dozen ministers" no longer support the prime minister, they could bring his leadership to an end. Liberal Democrats will 'get rid of a lot of Conservative MPs' in general election, warns party leaderLiberal Democrat leader Sir Ed Davey has said his party plans to "get rid of a lot of Conservative MPs" in a future general election, although admits he can't put a number on it. The Lib Dems often do well in by-elections as a "protest vote" against whoever the incumbent is, but national votes are a very different matter. Speaking from Tiverton, Davey tells reporters: "It is difficult to say, as we are maybe two years from a general election. "The fact we have won three parliamentary by-elections in just over 12 months suggests we are going to make advances and are going to get rid of a lot of Conservative MPs.""It is too early to put a number of it but we certainly intend to get rid of a lot of Conservative MPs."Liberal Democrats unveil latest by-election victory stunt – showing Boris Johnson 'the door'The Liberal Democrats have pulled one of their customary stunts after winning a by-election - showing Boris Johnson "the door". Ed Davey, the party leader, has joined his newest MP Richard Foorde in the constituency Tiverton & Honiton, where the pair unveiled a blue door for the prime minister. —Ami Wyllie (@amiwyllienews) June 24, 2022Past stunts have included Davey smashing through a "Blue Wall" and bursting a blue balloon. Rishi Sunak says 'we all take responsibility for results' as he signals intention to stay put as chancellorThere have been more than a few rumours circulating this morning that Rishi Sunak could be about to fall on his sword.However, judging by the tweet the social media-savvy chancellor has just posted, that seems unlikely, at least in the short-term.In a nod to Oliver Dowden's call for someone to take responsibility, Sunak says "we all take responsibility for the results".It's not exactly full-throated support for Boris Johnson, but it's a clear indication that he plans to remain in post.—Rishi Sunak (@RishiSunak) June 24, 2022 Robert Buckland: Boris Johnson must look himself in the mirrorRobert Buckland, former justice secretaryWiktor Szymanowicz / Barcroft Media via Getty ImagesA former Cabinet minister says Boris Johnson must "look in the mirror and make sure that he does better" after the disastrous by-election results. Robert Buckland, a former justice secretary who was demoted by Johnson last year, insists he is not looking to jettison "the captain", saying the problems faced by the Tories were "much bigger than the story of one man". But speaking to Sky News, he says: "He needs to, as I've said to him myself, look in the mirror and make sure he does better."I think, therefore, the next couple of years are the time for him to prove to all of us that this can be done, and for the Conservative Party to demonstrate that it is still capable of governing this country as it has done, I believe, so well in the past."  By-election result not just mid-term blues, says polling guru Prof John CurticeBoris Johnson might be trying to push some of the blame for the by-elections onto a traditional mid-term slump, but one of the UK's foremost polling experts argues otherwise. John Curtice, Professor of Politics at the University of Strathclyde and Senior Research Fellow at the National Centre for Social Research, told BBC Radio 4 it was more a sign of terminal decline."You have to go back to John Major's government of 1992 to 1997 to find a government struggling as much in by elections, and that of course is not a very happy precedent," he said. Although much of this has translated into voter apathy rather than an emphatic swing to Labour, Curtice notes that the swing to Labour in Wakefield was "probably just enough to generate a Labour overall majority [at a general election]".Boris Johnson's response to Oliver Dowden fails to acknowledge reason for minister's resignationBoris Johnson's letter responding to Oliver Dowden's resignation this morning makes for interesting reading. The prime minister thanks him for his work and says he is sad to see the party chairman leave Government, as you would expect. But there is no reference to the points made about the need for change or for "somebody" to take responsibility.Instead, the PM says: "Whilst I completely understand your disappointment with the by-election results, this Government was elected with an historic mandate just over two years ago to unite and level up. I look forward to continuing to work together on that."—Amanda Milling (@amandamilling) June 24, 2022 'Spotlight on him': Tory co-chair Ben Elliot is 'part of reason we lost', claims sourcePrime Minister Boris Johnson poses with Ben Elliot, Conservative party co-chairmanDavid M. Benett/Dave BenettOne Tory source got in touch to point out that the Conservative Party does still have a chairman in the form of Ben Elliot. "Oliver was only ever co-chair," the source said. "They kept the first syllable rather quiet to keep Ben in the shadows."Elliot's position as party co-chair has been long under attack, both by opposition figures and those within the party. Labour claims the Tories have raised almost £2 million from people with links to Russia since Elliot joined CCHQ. Insider recently reported senior MPs calling for him to be ousted, after "contaminating" links with Russia. Read more about that here.The Tory source says the "scandal-soaked" Elliot "is part of the reason we lost and Dowden resigned - spotlight on him".Minister Paul Scully insists 'it's not business as usual', after by-election lossesPaul Scully, the small business minister, is filling in on Sky New after Oliver  Dowden resigned.He admits "it's not been a good evening for the party by any stretch of the imagination", but that the government will "respond". Scully says voters will reward those who "govern well", pointing to policies meant to address the spiraling cost of living in the UK. "It is not business as usual, we will reflect, we will listen and we will respond," he adds. Boris Johnson "has always said he will take personal responsibility", but is still the right person for the job, Scully says. Dominic Raab admits 'distractions because of partygate' hurt Tories in by-electionsDominic Raab, the deputy prime minister, has been covering for Oliver Dowden on BBC Radio 4, after his colleague quit as Conservative Party chairman this morning.Raab says the poor by-election results were down to a "perfect storm of very difficult local scenarios, given the situations of the previous sitting Conservative MPs, plus the national headwinds".He said the "distractions we have had" are also a factor. But he then argues that the Tories will spend the next two years trying to win support back. Asked if he is talking about business as usual – something Dowden criticised in his letter – Raab says: "We have had distractions because of partygate, because of too much Westminster internal focus when people want to see us focused on their priorities."He then highlights support that the Government has brought forward to deal with the cost of living crisis. Starmer: If Tories had any decency, they would get out of the wayLabour's win in Wakefield is "a vindication of all our hard work over the last two years", Sir Keir Starmer said. The swing against the Tories in the Red Wall seat was because Labour was "absolutely focused on the issues facing hard working people", he added. "And what a judgement this is on the Tories and Boris Johnson, what a judgement it is on them," Starmer says. "They are out of touch, out of ideas and if they had any decency they would get out of the way for the sake of the country."—BBC Politics (@BBCPolitics) June 24, 2022 Two and a half weeks is a (very) long time in politics...Channel 4 News' Paul McNamara sums it up: —Paul McNamara (@PGMcNamara) June 24, 2022 Boris Johnson plays down partygate, blames mid-term slump and economy for by-election resultsBoris Johnson said he will "listen to what people are saying", as he sought to play down the impact of partygate on the by-election results. The prime minister thanked Oliver Dowden, whom he called an "excellent party chairman."Johnson said it was "absolutely true we have had some tough by-election results, [but] they have been a reflection of a lot of things".He tells broadcasters: "We have got to recognise that voters are going through a tough time at the moment. We have got to listen to what people are saying, particularly in the difficulties over the cost of living, which for most people is the number one issue."However Johnson stressed that "mid-term governments, post-war, lose by-elections". Asked about the Sue Gray report into lockdown-busting parties held in Downing Street, he added: "Historically, over the last 50 years or more, you have seen governments punished at the polls mid-term, particularly when people are feeling economic pressures."Ed Davey: Voters will 'send Tory MPs packing' if they don't sack Boris JohnsonEd Davey (R) with newly-elected Tiverton MP Richard Foord on the campaign trailFinnbarr Webster/Getty ImagesOliver Dowden might be absent from the morning round, but Liberal Democrat leader Sir Ed Davey is more than happy to go on the air after the historic by-election result this morning. Davey tells Sky News: "If Conservative MPs don't wake up, at the next election voters will send them packing."He argues that the Tiverton & Honiton win "isn't a flash in the pan – this is a series of victories against the Conservatives for the Lib Dems", after similar successes in Chesham and Amersham and North Shropshire. Davey adds: "[Tory MPs] have he power to dispatch this prime minister. If they don't do that I think the voters will wreak their revenge... the fact Tory MPs won't do the decent thing, won't listen to the people, mean they will pay the price at the next election."Lord Frost: By-election results are 'terrible' for Tories – but not great for Labour or Lib DemsFormer minister Lord Frost says the by-election results are "terrible" for the Tories but are not "particularly good" for Labour or the Liberal Democrats either. Frost, who has been increasingly critical of Boris Johnson, said: "In contrast to many 'normal' mid-term by-elections, these do not show strong protest votes for the opposition."They show people who voted for us in 2019 refusing to come out and do so again. We as Conservatives must decide why that is, and what we do about it."What will Boris Johnson do now?Boris Johnson is thousands of miles from home, in Rwanda for the Commonwealth Heads of Government Meeting. According to PA Media, the prime minister said he would "listen" to voters but "keep going" after the double by-election defeat.On his way to Rwanda, he told journalists: "Governing parties generally do not win by-elections, particularly not in midterm. You know, I'm very hopeful, but you know, there you go.Asked to confirm he was not considering his future, he replied: "Are you crazy?"However, the resignation of Oliver Dowden is putting renewed pressure on the prime minister.Gavin Barwell: Boris Johnson must go to avoid Tories 'sleepwalking into defeat' at general electionGavin Barwell, the chief of staff under former prime minister Theresa May, says the Conservative party risks "sleepwalking into a defeat" at a future general election.  He tells Sky News that the Tiverton & Honiton result is "catastrophic" because "it means there is a whole swathe of seats across the south of the country that are vulnerable".The peer adds: "Finally, finally, somebody in the Cabinet has taken the decision to stand down."If the Conservative party carries on as it is, it is sleepwalking into a defeat at the next election, so I am very pleased that somebody senior in the party has recognised that and done something about it."The party "can't just change the figurehead" - it has to change direction, to avoid this, he argues.Tory MPs play down prospect of Cabinet coup after Oliver Dowden resignsOliver Dowden and Boris Johnson at the Conservative party conferenceIan Forsyth/Getty ImagesTory MPs are playing down the prospect of a Cabinet coup after Oliver Dowden resigned, following the "poor" by-election results this morning. Rebel backbenchers have urged ministers to act by removing Boris Johnson, after they failed to get enough numbers in the recent vote of no confidence. Dowden's resignation letter was notably absent of any warm words for the prime minister. However Tory MPs said this was unlikely to kick off a wave of colleagues quitting. While one MP told Insider he was hopeful it would trigger others to do the same, colleagues were sceptical. One said it was "doubtful" because "there aren't many decent ones in there".The MP questioned whether Dowden had backed Johnson during the confidence vote, noting his allegiance to David Cameron and Theresa May."The Oliver I know is decent and honourable and will have hated having to defend the indefensible." Another said: "There cannot be a coup, there is no mechanism. Rebels should have waited."Tory MPs: Oliver Dowden not the person to blame for by-election resultsOther Tory MPs have come out swinging after the poor by-election results this morning. Angela Richardson, who quit as Michael Gove's PPS earlier this year over partygate, has praised Oliver Dowden as a "fantastic colleague", adding that he is "most certainly not responsible for these results".Simon Hoare, chairman of the Northern Ireland committee, echoes her comments, saying: "An honourable letter from an honourable man. Oliver Dowden is not to blame for these results. Since 2015 I have always been proud to call Oliver a friend. Never more so than today."Dowden's resignation is sending shockwaves through Westminster, after his letter made no reference to ongoing support in Boris Johnson. —Angela Richardson MP (@AJRichardsonMP) June 24, 2022 Tory MP Roger Gale: Boris Johnson 'ought to honourably this morning be re-considering his position'Conservative MP Sir Roger Gale has said the prime minister should "honourably" be considering standing down following the by-election results. Gale, who has long criticised Johnson and was among those to go public with his letter of no confidence, says: "Spin them how you like the by- election results in Tiverton & Honiton and in Wakefield are another vote of no-confidence in a Prime Minister that ought to honourably this morning be re-considering his position."Commiserations to Conservative candidates who deserved better. The soul of our Party is at stake."Gale adds: "Oliver Dowden is a decent and honourable man who has clearly decided that he can no longer defend the indefensible."Oliver Dowden's resignation: What happens next?Boris JohnsonJacob King/PA/Getty ImagesThe shock resignation of Oliver Dowden is reopening questions about Boris Johnson's grip on power, just two weeks after he narrowly won a confidence vote among his own MPs. While the rules of the party mean the prime minister should theoretically be safe from challenges for another year, sources have told Insider that those rules are not set in stoneSimply put, if there are enough calls for him to go from new corners, we could see another vote in weeks or months. Dowden's resignation is also likely to bring forward the reshuffle, which was expected to be held in July. However Johnson is currently in Rwanda and has a string of international events to attend that will keep him out of the country until next week. One MP told Insider: "He has to replace Dowden. He can do it anywhere, anytime, but assume he will want to be in Downing Street."More immediately, the question is who will replace Dowden on the morning's media round?Oliver Dowden's resignation letter in fullOliver Dowden, the Conservative Party chairman, has resigned following the dire by-election results in Wakefield and Tiverton & Honiton. Here is his letter in full. —Oliver Dowden (@OliverDowden) June 24, 2022 Keir Starmer: Country has lost confidence in the ToriesKeir Starmer (right) campaigning alongside Simon LightwoodIan Forsyth/Getty ImagesSir Keir Starmer, the Labour party leader, has said the win in Wakefield shows "the country has lost confidence in the Tories".He is alluding to the confidence vote in Boris Johnson, in which 148 of his own backbencher voted against him.Starmer adds:"This result is a clear judgement on a Conservative Party that has run out of energy and ideas. Britain deserves better."Wakefield has voted Labour because we have the solutions for the challenges facing the British people. The Labour Party is back on the side of working people, winning seats where we lost before, and ready for government." Tory candidate in Tiverton & Honiton 'locked herself in room'Shortly before the results were announced at Tiverton & Honiton this morning, it seems the Conservative candidate Helen Hurford locked herself in a room. —Tess de la Mare (@TessdelaMare) June 24, 2022 —Theo Usherwood (@theousherwood) June 24, 2022 Number crunching: The vote in Tiverton & HonitonThe result in Wakefield is a big loss to Boris Johnson's Conservatives, who have spent much political capital courting the Red Wall vote. However, the result in Tiverton & Honiton will arguably worry the Tories more. The majority was much higher, meaning Richard Foord's success required a larger swing. Much like North Shropshire, which the party lost late last year, it is a 'Blue Wall' seat of traditional Tory voters. It was also predominantly a Leave-backing seat. All that will make today's results pretty grim reading for the party. Here's what the figures look like: —Britain Elects (@BritainElects) June 24, 2022 Richard Foord: Boris Johnson has overstayed his welcomeRichard Foord (C) reacts to the result in Tiverton & Honiton on June 24, 2022Finnbarr Webster/Getty ImagesThe Liberal Democrats' Richard Foord overturned a majority of more than 24,000 – a swing of almost 30% – to take Tiverton & Honiton from the Tories. Foord said it was a referendum on Johnson's troubled leadership, after 148 of his own MPs voted against the prime minister."There is a real feeling now that he has overstayed his welcome as our prime minister," Foord told Sky News.Simon Lightwood: I am still waiting for Boris Johnson to come to WakefieldSimon Lightwood, middle, in Wakefield ahead of the resultsIan Forsyth/Getty ImageThe new Labour MP for Wakefield has criticised Boris Johnson for not turning up once to campaign in the seat. Speaking to Sky News after his win, Simon Lightwood said: "People are absolutely tired of the lies and deceit that we have seen from the prime minister and demanding change and tonight is a demonstration of that."He defended Labour leader Sir Keir Starmer, who has been criticised for not being more forceful in pushing back against Johnson. "I think we have seen here in Wakefield that he is making the impact we need to make and making progress for the Labour Party," Lightwood said. "[Starmer] has been here three times, and really energised the campaign and I am still waiting for the prime minister."Number crunching: The vote in WakefieldThe Red Wall seat of Wakefield has returned to Labour, after it fell to the Conservatives in 2019. The party's Simon Lightwood won the seat with nearly half the total votes - here is how that looks:—Britain Elects (@BritainElects) June 24, 2022 Analysis: Pressure is on after Tories lose both by-electionsGood Morning. The UK is waking up to the news that the Conservatives have lost both by-elections, piling further pressure onto Boris Johnson. The Red Wall seat of Wakefield had been expected to swing back to Labour, but Tories had still be hopeful that Tiverton & Honiton would remain blue, albeit with a smaller majority. But the by-election has ended such hopes, and laid bare the scale of the challenge now facing Johnson's Conservatives in both the Red Wall and traditional Tory areas."It would be a real mistake for the Conservatives to retain Boris Johnson as their leader and it could be electoral suicide for them," Richard Foord told Sky News after winning.He said Johnson should take a lesson from Neil Parish, his predecessor, who resigned over allegations he was watching pornography in the House of Commons.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 24th, 2022

Here"s Why RH (RH) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankA proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.That's where the Style Scores come in.To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: RH (RH)RH is a leading luxury retailer in the home furnishing space. The company offers dominant merchandise assortments across a growing number of categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and teen furnishings.RH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 8.53; value investors should take notice.Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $2.77 to $28.99 per share. RH also boasts an average earnings surprise of 19.2%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, RH should be on investors' short list. Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investorsSee 5 EV Stocks With Extreme Upside Potential >>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 RH (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 23rd, 2022

Could Retail "Bagholders" Spark A Rally "Smart Money" Will Be Forced To Chase?

Could Retail "Bagholders" Spark A Rally "Smart Money" Will Be Forced To Chase? Authored by Charles Hugh Smith via OfTwoMinds blog, There would be some deliciously karmic justice if the "dumb money" driving a rally that forced the "smart money" to cover their shorts and chase the rally that shouldn't even be happening. Being cursed with contrarianism, as soon as a trade gets crowded and the consensus is one way, I start looking for whatever is considered so unlikely that it's essentially "impossible." Sorry, I can't help myself. The crowded trades are 1) long the Commodity Super-Cycle and 2) long hurricane-force recession for all the persuasive reasons we all know: global scarcities, geopolitical tensions, soaring US dollar and interest rates, de-risking, crazy-stupid levels of debt and speculation, etc. The consensus holds that "Smart Money" rotated out of tech stocks and other over-valued equities into oil and commodities. That was a smart move, indeed, and the earlier one rotated out of equities and into commodities, the smarter the trade. In this scenario, retail owners of equities are the "Bagholders," those who continue owning the losers all the way to the bottom (Been there and done that). It's a market truism that Bull cycles only end when retail drinks the speculative Kool-Aid of the moment and buys into the final gasp of the rally, allowing "Smart Money" to distribute their shares to the retail chumps, who go down with the ship when the market finally rolls over. 2022 has followed that script closely: as markets have been crushed, down 20% to 35%, and Wall Street sentiment is extremely bearish, retail owners haven't followed hedge funds in liquidating equities. In the Bagholder / Smart Money script, the market can now descend into a Bear Market as liquidity dries up and buyers vanish, leaving the Bagholders to absorb the mounting losses. Maybe this script plays out, maybe not.  The contrarian has these observations: 1. Institutions haven't liquidated their positions in Apple and other Big Tech stalwarts just yet. There's been trimming around the edges and that's why these stocks have been pounded by selling. But liquidation? Not yet. These companies are still quasi-monopolies and still immensely profitable. 2. The mood on Wall Street might be extremely bearish ( The Mood On Wall Street Has Never Been More Apocalyptic), but the top 10% of households who own roughly 90% of financial assets may not be as close to panic as many seem to think. (Note that the majority of this wealth is held by the top 5%--the segment between 6% and 10% owns a relatively small slice of household wealth.) A. Many of these households are old enough to have experienced the 2000-2003 Bear Market / dot-com collapse and the 2008-09 Global Financial Meltdown, a.k.a. Global Financial Crisis. They survived, and the take-away for many is that basic investment strategies weather downturns: avoid highly speculative fads (meme stocks, NFTs, iffy crypto schemes, etc.), diversify and patiently ride out the storm. B. These households by and large did not speculate in meme stocks, NFTs, etc., so the staggering losses did not fall on them, or they limited their exposure to the degree that the losses were more painful to their self-image as savvy investors than to their total wealth. C. Most of these households have multiple sources of income and stores of wealth. Even major drawdowns in equities don't threaten their financial security. Right or wrong, their experience is that even the gloomiest crises don't last. D. Their gains are so stupendous even a 30% drawdown in every asset--real estate, stocks, bonds, precious metals-- still leaves much of their gains intact. For example, if the home you bought in the late 1990s for $200,000 is now worth in excess of $1 million, a 30% decline to $700,000 still leaves you up by $500,000. E. Due to their earnings and range of assets, these households can add to investment positions in ways the bottom 90% cannot. 3. Commodities are priced on the margin, and a sharp decline in demand combined with a modest increase in supply could cascade into price declines that everyone who bought into the Commodity Super-Cycle do not believe are even possible, much less likely. But if supply drops 5% and demand plummets 10%, prices crash once the speculative hot air deflates the leveraged hot-money premium. All this sets up the potential for "Bagholders" to "buy the dip" in stocks aggressively enough that "Smart Money" will be forced to cover their short positions and chase the rally. This will be frustrating to the "Smart Money:" don't those fools know we're heading into recession and they should panic-sell? This will be frustrating for another reason: the entire point of distributing to Bagholders is to book profits and then wait for the Bagholders to sell at the bottom, in either panic or despair. Then the Smart Money scoops up the assets at bargain prices and awaits the re-entry of the burned-but- ever-greedy Bagholders. There would be some deliciously karmic justice in the "dumb money" driving a rally that forced the "smart money" to cover their shorts and chase the rally that shouldn't even be happening, dang it. Stranger things have happened. *  *  * My new book is now available at a 10% discount this month: When You Can't Go On: Burnout, Reckoning and Renewal. If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com. Tyler Durden Wed, 06/15/2022 - 10:47.....»»

Category: personnelSource: nytJun 15th, 2022

1000s Of Sydney Homes Plunged Into Darkness As Aussie "Price Cap" Policy Sparks Energy Shortage

1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage Authored by Nina Nguyen via The Epoch Times, Thousands of homes on Australia’s east coast were plunged into darkness on Monday as electricity suppliers struggled to meet demand as the country teeters on the edge of an energy shortage. On Monday night, multiple areas in Sydney’s north and along the affluent Northern Beaches were sent into darkness, after the energy market operator warned of power disruption across the states of New South Wales and Queensland. Affected suburbs include Beacon Hill, Frenchs Forest, Narraweena, Cromer and Dee Why in New South Wales (NSW), according to Ausgrid—Australia’s largest electricity distributor on the east coast. Power was available later in the day. Households were encouraged to use less power as leading energy provider Powerlink Queensland warned of an “unusual combination” of unexpected generator outages plus cool winter temperatures and high demand for electricity. “Gas supplies are sufficient however very high gas prices means [the Australian Energy Market Operator] has already triggered its market generation response mechanisms,” Powerlink said in a statement on Monday. Meanwhile, the Australian Energy Market Operator (AEMO) on Tuesday confirmed that some energy generators have “revised their market availability” in NSW and Queensland due to a new $300/MWh price cap, a result of increased wholesale electricity prices. In the gas markets, gas prices remained capped at $40/GJ after reaching cumulative high price thresholds in Victoria and Sydney. “As a consequence of the administered price cap in Queensland, AEMO has seen generation bids reduce,” AEMO said in a media release on Monday. “The price cap … will only remain in place if the cumulative price threshold is still exceeded.” “It is possible that other states may also reach the threshold in the near term.” A spokesperson for the Australian Energy Council, which represents major power generators including AGL, EnergyAustralia and Origin, said its members faced a “complex issue” but were seeking solutions to the power crunch, as they battle coal prices that are soaring because of sanctions on Russian exports.. “The price cap unintentionally means that some plants can’t recover their fuel costs. Participants are legitimately seeking ways to resolve the problem,” the spokesperson said. The power outages came as former Prime Minister Malcolm Turnbull urged the current federal Labor government to work with the states and National Energy Market to impose export controls on gas and limit prices for a 90-day period. Turnbull said this would push major LNG producers to concede and make cheaper gas available. “This will involve imposing force majeure on contracts,” he told ABC Radio on Monday. “It’ll be resented bitterly by the industry … but we have a crisis at the moment, and hopefully, it won’t go on for too long. “The minute they say they’re going to do it, the gas companies will find the gas … they will agree to offer it at lower prices.” In Queensland, households were also warned of possible power outages between 5.30p.m. to 8p.m. on Monday, but these were averted. Powerlink Queensland encouraged households to save energy including suggestions to consider how much heating was being used, turn off or place into standby electronics like TVs, computers, and household appliances, and to also switch-off pool pumps. Businesses were told to consider their use of indoor and outdoor lighting and to turn off water heating systems. “By carefully managing electricity use at home and in your workplace, the community can help ensure that power system security is maintained in Queensland,” Powerlink CEO Paul Simshauser said. Tyler Durden Tue, 06/14/2022 - 18:05.....»»

Category: blogSource: zerohedgeJun 14th, 2022

4 Beaten-Down Tech Stocks to Buy for Long-Term Gains

Here we discuss four beaten-down tech stocks, SNPS, PAYC, MPWR and CRWD, which investors may consider adding to their portfolio amid the current stock market uncertainties and gain from their upside potential. The broader equity market has been witnessing wild swings since the beginning of 2022 with major U.S. indexes, including the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 plunging 16%, 30.9% and 21.3%, respectively, year to date (YTD).The volatility in the equity market has been triggered by concerns over inflation, rising interest rates and increasing oil prices. The ongoing Russia-Ukraine war has further increased worries for investors about the global economic recovery.Technology stocks are among the most battered sector amid the broader market sell-off this year so far. Technology Select Sector SPDR Fund, which seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the Technology Select Sector Index, has lost approximately 28% of its value YTD.However, this sell-off in the broader equity market has led to a massive correction in several technology companies’ stock prices, which were considered to be widely overvalued at the sector’s peak in 2021. With this correction, several tech stocks are currently trading way below their 52-week high and at attractive valuation as well, despite their strong fundamentals.In our opinion, Synopsys SNPS, Paycom Software PAYC, Monolithic Power Systems MPWR and CrowdStrike Holdings CRWD are among the most beaten-down stocks in the technology space. Given the strength of their fundamentals and solid prospects, it seems wise to add these stocks to your portfolio.Why Invest in the Aforementioned Stocks?Amid the financial instability, it is a prudent idea to pick solid growth companies as these are financially stable, accruing profits in established markets. These stocks, with their solid fundamentals, allow investors to hedge their funds from any economic downturn.Apart from having solid fundamentals, the long-term earnings growth rate for the aforementioned four stocks is more than 10%. These stocks also have a favorable combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Per the Zacks’ proprietary methodology, stocks with such a favorable combination offer solid investment opportunities.Additionally, these stocks are currently trading way below their 52-week high and are now available at attractive valuations.Our PicksSynopsys is a vendor of electronic design automation (EDA) software to the semiconductor and electronics industries. It is benefiting from strong design wins due to a robust product portfolio.The growth in the work-and-learn-from-home trend is driving the demand for bandwidth. The  increasing clout of AI, 5G and advanced driver-assistance systems chip-set making is fueling the demand for computational software tools, which favor Synopsys’ prospects. Given the company’s capability to cater to the growing complex design requirements of customers, we believe SNPS is well-poised to capitalize on this opportunity.SNPS currently sports a Zacks Rank #1 and has a Growth Score of B. Shares of the company have plunged 21.2% YTD and currently trade 23.1% lower than its 52-week high of $377.60 attained on Dec 28, 2021. Moreover, the stock trades at a one-year forward price-to-earnings multiple of 31.25X compared with its five-year average of 41.17X.The Zacks Consensus Estimate for Synopsys’ fiscal 2022 earnings has improved to $8.47 per share from $7.90 over the past 30 days, reflecting a year-over-year increase of 23.8%. For fiscal 2023, the consensus mark for earnings has been revised upward by 6.8% to $9.79 per share over the past 30 days, indicating year-over-year growth of 15.6%. The long-term earnings growth rate for the stock is pegged at 19.6%.Synopsys, Inc. Price and Consensus Synopsys, Inc. price-consensus-chart | Synopsys, Inc. QuotePaycom Software is a provider of cloud-based human capital management software as a service solution for integrated software for both employee records and talent management processes. The company’s latest quarterly results reflect continued growth despite disruptions caused by the COVID-19 pandemic. Its revenues increased mainly driven by new client additions and continued focus on cross-selling to existing clients.The company’s differentiated employee strategy, measurement capabilities and comprehensive product offerings are helping it win new customers. Further, solutions like Ask Here and Manager on-the-Go, both focusing on employee usage and efficiency, are tailwinds.PAYC currently sports a Zacks Rank #1 and a Growth Score of B. Shares of the company have plunged 35.3% YTD and currently trade 52% lower than its 52-week high of $558.97 attained on Nov 2, 2021. Moreover, the stock trades at a one-year forward price-to-earnings multiple of 43.6X compared with its five-year average of 77.99X.The Zacks Consensus Estimate for Paycom Software’s 2022 earnings has improved by 7 cents to $5.53 per share over the past 60 days, suggesting a year-over-year increase of 23.4%. For 2023, the consensus mark for earnings has been revised upward by 6 cents to $6.92 per share over the past 60 days, indicating year-over-year growth of 25.1%. The long-term earnings growth rate for the stock is pegged at 25%.Paycom Software, Inc. Price and Consensus Paycom Software, Inc. price-consensus-chart | Paycom Software, Inc. QuoteMonolithic Power designs, develops and markets high-performance power solutions. The company focuses on the market for high-performance analog and mixed-signal integrated circuits. It is benefiting from solid demand across the automotive, industrial, computing and storage, and communications markets.Monolithic Power is on track to expand capacity in 2022 well beyond $2 billion, which will ramp up new product revenues. It is likely to gain from the rapid deployment of 5G on the back of a robust portfolio of legacy routers, wireless applications and 5G networking infrastructure-related products.Further, the company is witnessing sales growth in infotainment, lighting and Advanced Driver Assistance Systems products in the automotive market, which remains a positive. Moreover, MPWR’s deep-rooted partnerships with leading auto suppliers are expected to continue driving its top line in the days ahead.MPWR currently sports a Zacks Rank #1 and has a Growth Score of B. Shares of the company have plunged 21% YTD and are currently trading 32.8% lower than its 52-week high of $580 attained on Nov 22, 2021. Moreover, the stock trades at a one-year forward price-to-earnings multiple of 31.12X compared with its five-year average of 50.03X.The Zacks Consensus Estimate for Monolithic Power’s 2022 earnings has improved by 20.6% to $11.61 per share over the past 60 days, implying a year-over-year increase of 43.3%. For 2023, the consensus mark for earnings has been revised upward by 22.6% to $13.63 per share over the past 60 days, indicating year-over-year growth of 19.4%. The long-term earnings growth rate for the stock is pegged at 25%.Monolithic Power Systems, Inc. Price and Consensus Monolithic Power Systems, Inc. price-consensus-chart | Monolithic Power Systems, Inc. QuoteCrowdStrike is a leader in next-generation endpoint protection, threat intelligence and cyberattack response services. The company is benefiting from the rising demand for cyber-security solutions owing to the slew of data breaches and the increasing necessity for security and networking products amid the COVID-19 pandemic-led remote working trend.Continued digital transformation and cloud-migration strategies adopted by organizations are key growth drivers. CrowdStrike’s portfolio strength, mainly the Falcon platform’s 10 cloud modules, boosts its competitive edge and helps add users. Additionally, strategic acquisitions, like that of Humio and Preempt, are expected to drive growth for the company.CRWD currently carries a Zacks Rank #2 and has a Growth Score of A. Shares of the company have plunged 24.5% YTD and are currently trading 48.2% lower than its 52-week high of $298.48 on Nov 10, 2021. Moreover, the stock trades at a one-year forward price-to-sales multiple of 14.3X compared with its five-year average of 24.7X.The Zacks Consensus Estimate for CrowdStrike’ fiscal 2023 earnings has improved by 12 cents to $1.24 per share over the past 30 days, implying a year-over-year increase of 85%. For fiscal 2024, the consensus mark for earnings has been revised upward by 10 cents to $1.75 per share over the past 30 days, indicating year-over-year growth of 41.4%. The long-term earnings growth rate for the stock is pegged at 38.9%.CrowdStrike Price and Consensus CrowdStrike price-consensus-chart | CrowdStrike Quote How to Profit from the Hot Electric Vehicle Industry Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits. See Zacks' Top Stocks to Profit from the EV Revolution >>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 Synopsys, Inc. (SNPS): Free Stock Analysis Report Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report Paycom Software, Inc. (PAYC): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 14th, 2022

21 last-minute Father"s Day gifts that will look like you planned them for months

From Amazon Prime-eligible items to subscriptions and gift cards he can access any time, check out the best last-minute Father's Day gifts. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.From Amazon Prime-eligible items to subscriptions and gift cards he can access any time, check out the best last-minute Father's Day gifts.Amazon; Mark Knapp/InsiderLike any holiday, Father's Day (June 19 this year) can sneak up on you. Luckily, it doesn't mean you have to settle for a basic card or the first gift you see in the store. If you have a short timeline to get the Dad figure in your life a gift for Father's Day, never fear. Below, you'll find 21 Father's Day gifts he'll actually like. Some are subscriptions and gift cards he can activate and use any time, while others just have ultra-fast shipping thanks to services like Amazon Prime.21 last-minute gifts for Father's Day: An Amazon Echo to play music, answer questions, and coordinate with other techAmazonAmazon Echo, $99.99An Echo is a convenient gift — it'll provide him with hands-free music and information (like how many ounces are in a gram when he's cooking).A book you know he'll likeAmazon"A Gentleman in Moscow," from $9.34Pick up a book you know he'll like, or something you loved and want to share with him. We've found the popular read "A Gentleman in Moscow," about a man who is ordered to spend his life inside a luxury hotel while some of the most tumultuous decades in Russia occur, to be a slam dunk. If he's already read and loved it, you can also get Amor Towles' more recent novel, "The Lincoln Highway" (which we also highly recommend).If he's into historical non-fiction, we also love giving "Say Nothing" by Patrick Radden Keefe, another crowdpleaser.A Fitbit he can use while exercisingMark Knapp/InsiderFitbit Versa 3, $167If he loves being active, a Fitbit lets him keep track of interesting metrics such as heart rate, sleep quality, and exercise stats. We like the Fitbit Versa 3 the most, but you may find another option that works best for Dad — you can read about all of the best Fitbit trackers here.An REI gift card for all his outdoor adventuresREIREI Co-op Membership, $30For the adventurer at heart, an REI membership is pretty thoughtful. It lasts a lifetime, and comes with a slew of benefits such as discounts on shop services, rentals, and eligible purchases each year as well as member prices on excursions and exclusive discounts and early access.Our most recommended French pressAmazonBodum Chambord French Press, $25.99We love the Bodum Chambord French Press; it's about as timeless as they come, and it's unfussy and seamless to operate. It's also affordable. You can find all our favorite French presses here, though this is our number one pick.A family game you can play togetherAmazonCatan Board Game, $47.99Bring over a game that'll last hours and some snacks — maybe what Dad would like most is family time. If you already have Catan, check out our other recommended family board games.A regular meditation practiceHeadspaceHeadspace Gift Subscription, from $12.99If Dad appreciates simplicity, he might appreciate a gift card to the meditation app Headspace. We know mindfulness can be an important part of personal happiness, and this will help him make it a consistent practice. Smart lights for the perfect lightingAmazonPhilips Hue Light and Color Ambience Kit, $179.99These light bulbs can be changed to match any desired mood (white for everyday, other colors to decorate other occasions), and they can be operated using an app or with a smart assistant such as Alexa. Nice noise-canceling headphonesAmazonSony WH-1000XM4 Headphones, $348Our favorite noise-canceling headphones — Sony's WH-1000XM4 — balance sound quality, noise cancellation, and comfort. They're one of the items featured in our list of the All-Time Best products we've tested.A tile tracker that will help Dad find lost itemsTileTile Mate, $24.99The Tile Mate attaches to stuff you may want to track — like luggage — and the stuff you may lose — like your keys. If Dad misplaces something (and it has a Tile attached to it), he can just check the Tile app to locate it. As a bonus, if he loses his phone, he can press his Tile Mate to make it ring. An excellent, personalized coffee subscriptionTrade Coffee CompanyTrade Coffee Gift Subscription, from $40If Dad likes a great cup of coffee, he'll enjoy Trade. The coffee subscription service has a huge variety of coffee, and it's easy to customize based on their tastes. We ranked it as the best coffee subscription service you can join. If he's a tea drinker, we'd also recommend checking out an Atlas Tea Club subscription.A gift card to a fun cooking classCozymealCozymeal Gift Card, prices varyIf dad appreciates experiences, he might love Cozymeal, a local cooking class in which a chef teaches a small group how to make a dish of their choosing. Cozymeal has classes in dozens of US cities, but they also offer virtual classes if he'd prefer that.A gift card he can use to try lots of workout classesClassPassClassPass Gift Card, prices varyExercise can make us feel healthier and happier. Lower the barrier to entry and gift Dad a ClassPass gift card. With it, he can try tons of boutique fitness classes in the area. A sleek smart mug that keeps his drinks hotAmazonEmber Temperature Control Smart Mug, $149.95This mug will control the temperature of Dad's coffee or tea, so he doesn't have to reheat or dump it out every few hours. We think the Ember is "life-changing." If you're looking for a travel version, that's an option, too. A massage gun to fight sorenessTherabodyTheragun Mini, $199Has your dad ever complained about aches and pains from a hard day of work or a tough workout? If so, then the Theragun Mini might be a good gift choice. The portable device helps alleviate pain, cramps, knots, and tension by massaging muscles.Apple AirPods Pro for when they're on the moveAmazonAirpods pro, $179.99We love Apple's AirPods Pro. They're no-hassle, work with Apple products, have decent sound and noise cancellation, are water-resistant, have a wireless charging case, and feel more comfortable than standard AirPods. You'll find more wireless earbuds we love here.A Wi-Fi extender for the convenienceAmazonTP-Link Wifi Extender, $24.99Wi-Fi signals don't always reach every corner of a home, which might test your dad's patience. The TP-Link AC750 WiFi Extender can plug into most common outlets to cover up to 1,500 square feet in his home. After he hits the WPS button on the home router, he'll have to hit the range extender on the TP-Link device. After that, he'll be able to get dual-band speeds of up to 750 Mbps in otherwise difficult-to-reach areas in his home.A digital frame for their favorite photosAuraAura Carver Frame, $179This frame will showcase his favorite memories digitally. It has unlimited photo and video storage and a built-in speaker to play sound from the videos. An Audible subscription for books on the goAmazonAudiblePlus subscription, from $7.95 per month, available at AudibleWith an Audible subscription, Dad gets unlimited access to thousands of audiobooks and podcasts on the go.Tickets to a concert or gameStubHubStubhub Gift Card, prices varyGive Dad an experience he can look forward to in the near future — tickets to a live concert or game.A funny cardAmazon"This Was the Cheesiest Card I Could Find" Card, $6.99Write Dad a note on Father's Day in a unique card you didn't just pick up on the way over. A membership that delivers them new vinyls every monthVinyl Me, PleaseVinyl Me, Please Subscription, from $119Adding to his vinyl collection isn't difficult when he can choose one exclusive LP each month from a collection of Essentials, Classics, and Rap and Hip Hop. Read our full review of Vinyl Me, Please here.Read the original article on Business Insider.....»»

Category: smallbizSource: nytJun 3rd, 2022

Family Values Anchor Gibson Sotheby’s International Realty’s Success

In a time when words like “family values” seem to have lost some of their luster, they are alive and well and at the core of success for Gibson Sotheby’s International Realty, one of the largest and most respected companies in the Eastern Massachusetts marketplace. Founded 60 years ago by pioneering REALTOR® Betty Gibson in… The post Family Values Anchor Gibson Sotheby’s International Realty’s Success appeared first on RISMedia. In a time when words like “family values” seem to have lost some of their luster, they are alive and well and at the core of success for Gibson Sotheby’s International Realty, one of the largest and most respected companies in the Eastern Massachusetts marketplace. Founded 60 years ago by pioneering REALTOR® Betty Gibson in Boston’s South End, which is still home to the firm’s flagship office, the company was purchased by long-time friends Larry Rideout and Paul McGann in November 2006 and became part of the Sotheby’s International Realty franchise a month later. “For us, it was a dream fulfilled,” says Co-Owner and company President McGann, who, 30 years ago, was recruited into the real estate industry right out of college as part of Rideout’s reach-out to college seniors. “Larry and I hit it off right from the beginning, and we worked together over the years to build successful real estate companies for other people. Finally, we believed it was time for us to build the company we wanted to build.” The company they wanted to build was one rooted firmly in mentorship and family values. “Family is everything to us,” says Co-Owner and company Chairman Rideout, who, like McGann, comes from a large, nurturing family. “Paul and I know that if we treat our agents like family—if we support and encourage them in their journey to success—then they will care for their clients the same way.” A ‘microcosm of caring’ Today, Gibson Sotheby’s International Realty is the largest individually owned real estate brokerage in Massachusetts and a preeminent provider of luxury properties across the eastern part of the state, with a sales volume last year of $4.2 billion and a team of 450 sales associates in 25 offices throughout Greater Boston, the Metro West, the North Shore, the South Shore and Cape Cod. That growth, however, was not without setbacks. “We had no way to know that two years after we took ownership, we’d be in the midst of a crippling downturn,” says Rideout. “We had no reserves in 2008. We had just bought the company, and we were broke. But we rolled up our sleeves and got to work, and I’m proud to say we never lost an agent during the worst of it.” That’s because, maintains McGann, of the company culture he and Rideout had worked so hard to establish. “We don’t judge our success by rankings and sales volume,” he says, “but on the happiness, satisfaction and productivity of our agents.” This ethos permeates every one of their offices, says veteran agent and team leader Lauren Holleran. “In other firms I had worked in, competition was foremost,” explains Holleran, who joined Gibson Sotheby’s International Realty’s Cambridge office in 2015, and today leads a productive team of four. “There was always a culture of, ‘good fences make good neighbors.’ But Larry and Paul are so warm and loving that you feel you are part of their family. There’s this microcosm of caring that makes you want to get out there and treat every client as though they are the only one that matters.” Company leadership is distinctly woman-forward. L to R: Aimee Rideout, Director of Relocation and Referrals; Michelle Pelletier, Director of Operations; Colleen Barry, Chief Executive Officer; Nicole Rideout Hartwick, Chief Strategy Officer; Mary Kate Leonard, Vice President of Marketing Female leaders at the forefront Company leadership is distinctly woman-forward, notes Rideout. Apart from him and McGann, Chief Brokerage Officer Jeffrey Tarczali, General Counsel Richard Sullivan and Director of Selection and Development Mario Lampedecchio, a majority of the firm’s top executives are women, led by Chief Executive Officer Colleen Barry and Chief Strategy Officer Nicole Rideout Hartwick. Marketing is overseen by Mary Kate Leonard, Operations by Michelle Pelletier, and Relocation and Referral Services by Aimee Rideout. Other female executive hires this year, including Daphna Fields, vice president of Brokerage Development, Jo-Ellen Erickson, regional director of Cape Cod, and Brianne Alston, chief financial officer, were selected, Barry says, because of what they could contribute to a leadership team that is focused on helping every agent achieve their goals. All are firm believers in the firm’s collaborative mantra. A spirit of collaboration permeates throughout the company culture. L to R: Aimee Rideout, Director of Relocation and Referrals; Larry Rideout, Co-Founder and Chairman; Mary Kate Leonard, Vice President of Marketing; Michelle Pelletier, Director of Operations “Everyone talks about culture,” says Barry, “but we live it every day. It starts at the top with an open-door policy that promotes collaboration. Every agent, for example, faces many of the same issues, but competition can stand in the way of finding the best answers. We’ve developed a platform for putting agents together so that they can look at different angles of a problem and work as a team to come up with the best solutions.” At the same time, adds Barry, company leaders recognize and value talent. “We love nothing more than helping talented people succeed and move up,” she says. “There is room at the table for everyone. Different voices and backgrounds add to the collaboration and make us that much stronger.” Nicole Rideout Hartwick, Rideout’s daughter, began her career with the company by answering office phones on weekends while in college. After a year spent doing policy work in the nation’s capital, she rejoined the company to refine the administrative staff and build out the relocation department, then rose to the role of vice president of Business Development, where she focused on scaling the company, primarily via mergers and acquisitions. She sees her role today as growing the value of the brand—and like Barry, she makes the culture of family values and supporting fellow women in business a priority. “Caring is contagious,” she says. “As a new mother, I know that challenges can be overcome—that people want to help when you ask for it. Relationships are at the very heart of our business. They always have been, and they always will be.” “It’s all about networking, sharing ideas, caring for and supporting one another,” says Barry. “That’s what drives business and burnishes the value of our brand.” Built for growth—in any market It is a brand that has tripled its size over the past four years, says McGann, primarily through acquisition, increasing from eight offices to 25, including through the pandemic years. “The onset of the pandemic caused a lot of introspection for many people,” he says. “Even for us, the instinct at the beginning was to do the turtle thing and pull in our heads. But as we had learned from our experience in 2008, we had to be able to pivot in order to survive.” Their agents stayed in close contact with clients past and present, he says, doing grocery shopping for those who needed it, dropping flowers on doorsteps—doing anything they could to help keep spirits up. “Our agents knew these people, knew their families,” says Rideout Hartwick. “Even as we were spending more time at home with our own families, our agents were empathetic to the needs of their client families.” At the same time, says Barry, the company brought in the services of a licensed therapist to help manage stress among agents and employees. In-house sessions provided virtual mindfulness training and guidance for working through the transitional period. “But sometimes change is good,” says McGann. “We learned how to show homes under strict protocols, and we became experts in the practice of virtual real estate. We learned so fast it was almost as though we knew what we were doing—and in the end, it prepared us to manage the amazing upsurge that followed.” The result made 2021 a record-breaking year for the company. “In some ways,” says Rideout Hartwick, “COVID showed us where the North Star is for us. We embrace hiring the right people and having the right tools, and that includes the best technology, but never one over the other.” Paul McGann, Co-Owner and President   Agents: the engine that drives the company Strategic recruitment is central to Gibson Sotheby’s International Realty’s philosophy, Barry says. Agents coming into the company are nearly always seasoned professionals seeking that extra, intangible boost that will propel them to the next level. Agents agree. “I was aware of the company’s reputation as a caring organization committed to the success of its agents,” says 18-year real estate veteran Rebecca Davis Tulman, who joined the company in November 2020. “But I was totally unprepared for the loving environment and the level of service and attention that I experienced from day one. Larry and Paul just know how to do things right.” Recruiting the right people is intuitive, says Barry. “We look for career people who are totally committed to the next level of their success,” she says. “We ask ourselves: Do we think we can help them? Can they help us? Do we think we can work well together?” It’s a high threshold, notes McGann. “Most of the agents who join us already have a portfolio of business. They are competitive but collaborative, and eager to work in our family-first environment,” he says. “New agents typically come to us by referral only, and they have to be open to learning and growing through mentorship and matchmaking.” The path in for many agents is through the company’s vast rental division or teaming. “But the recruits who join us can instantly reap the benefits of everything our brokerage offers,” says Barry. “That includes not just training and business development, but also the ease of marketing services.” That, in fact, was one of the things that convinced Tulman she had made the right decision in coming aboard. “Just after I started, I got my first listing under the new name,” she says. “I felt it was urgent for me to get brochures right away, but I figured the request would just take its place in the marketing queue. To my amazement, I got a call the very next day to come and pick up the brochures—and there they were, neatly stacked and ready. I was stunned.” Rideout Hartwick is not surprised. “It’s just the way we operate,” she says. “Whether it’s new brochures or new technology, or help solving a thorny issue, we are here to provide whatever our agents need. Our mission is to partner with them so that they can become the best they can be.” That philosophy, says Barry, is the engine that drives the company. “We succeed,” she says, “because we remove obstacles and build value for our agents and our clients.” Paving the way for a ‘limitless future’ At the same time, leadership is focused on measured growth. “Our plan is to continue growing through strategic acquisition,” says Rideout Hartwick. “We have a long and storied legacy we treasure, but we also have a clear vision for the future. Our overall plan is to marry our legacy with a continuing desire to evolve.” It’s the vision her father had 40 years ago when he quit loading trucks at a gypsum factory to follow his grandfather into real estate. “I got a bit of a late start, but once I began, it was as though I found an industry that had been made just for me, and I have never looked back,” Rideout says. “I could see a limitless future then, and I still see it today.” He is gratified, he says, by the everyday warmth and family spirit that drives the company’s success. “When I say I love every one of our people, I mean it,” he says. “I am so glad to come to work every day.” For more information, visit gibsonsothebysrealty.com. The Gibson Sotheby’s International Realty team was photographed at The St. Regis Residences, Boston Experience Center. Gibson Sotheby’s International Realty is the exclusive listing agency of the 114 luxury residences, opening in 2022 in Boston’s vibrant Seaport district. Barbara Pronin is an award-winning writer based in Orange County, Calif. A former news editor with more than 30 years of experience in journalism and corporate communications, she has specialized in real estate topics for over a decade. The post Family Values Anchor Gibson Sotheby’s International Realty’s Success appeared first on RISMedia......»»

Category: realestateSource: rismediaJun 3rd, 2022

Intelligent Tech is the Key to Building Your Brand

With more than 20 years’ experience in the real estate industry, I have managed luxury brands and helped agents develop their personal brands. It is a delicate art. Each agent must create their individual style that incorporates their unique personality, communication approach and relationship skills. But the most successful agents all share a common trait:… The post Intelligent Tech is the Key to Building Your Brand appeared first on RISMedia. With more than 20 years’ experience in the real estate industry, I have managed luxury brands and helped agents develop their personal brands. It is a delicate art. Each agent must create their individual style that incorporates their unique personality, communication approach and relationship skills. But the most successful agents all share a common trait: they are prepared with proficient market knowledge that inspires trust and confidence with their clients. This is not a skill learned solely through wisdom and experience. It requires having the right tools, resources, and sources of information to keep up with evolving micro-market trends. You must think on your feet and anticipate any question or objection your clients may have. Many agents spend years cultivating this level of knowledge and set of tools to establish themselves as a trusted advisor to their clients. But the vast majority of technologies available to agents have not kept pace with the demands of the market. Agents are cobbling together their own disintegrated toolkit of tech solutions to set up searches for clients, perform market analysis, create presentations, manage their networks, communicate with clients, generate new leads, and every other task imaginable. The shortcomings of existing property tech and real estate tech are barriers preventing many agents from achieving their full potential. The bottom line is, if it takes you 45 minutes or longer to create your valuations and presentations, think of your time and money lost due to inefficiency. And if you are juggling many systems, your time is wasted every time you have to switch platforms. Not to mention the enormous cost and effort expended on online lead generation for little to no return. All these pain points expose a major opportunity to improve the quality and efficiency of real estate tech. That is what drew me to homegenius. The homegenius suite of technology uses the latest developments in data science, machine learning and artificial intelligence (AI) to make brokers and agents the smartest people in the room—empowering every agent with knowledge that will impress their clients and tools that will help them grow their business. homegenius is an interconnected ecosystem of solutions that support the entire real estate transaction from search to close: homegenius connect is a real estate lead network that connects high intent “ready to go” homebuyers and sellers with qualified agents in homegenius connect agent network. geniusprice technology is a ground-breaking intelligent pricing engine that provides brokerages and agents with next-level analytics and insights in an interface that’s easy to use and takes home price estimates to a new level. geneuity is brilliantly simple software for brokerages and agents who want to work through transactions in a faster, smarter way. titlegenius by Radian is a more streamlined and transparent path to closing built on patent-pending blockchain technology, allowing agents to see the entire transaction pipeline at a glance. It is gratifying to be part of a company that is moving the industry forward in a significant way. But the most thrilling opportunity is the impact we can have helping each agent grow their business. Our products, services and technology can save agents time, and may convert more leads, making them look like rock stars in the process. Visit homegenius.com to learn more about the homegenius ecosystem and tools that can bring powerful analytics to living room conversations with your clients. Anne Miller is a renowned real estate brand builder. As SVP of the homegenius Broker Network, Miller is currently leading the engagement of the large and growing nationwide network of prospective homegenius agents. Prior to joining homegenius, Miller spent nine years as vice president of luxury and commercial for RE/MAX, where she managed the firm’s luxury brand globally. She previously held the role of vice president of sales and marketing at the residential and commercial developer MCL Companies. The post Intelligent Tech is the Key to Building Your Brand appeared first on RISMedia......»»

Category: realestateSource: rismediaMay 27th, 2022

Toll Brothers (TOL) Q2 Earnings & Revenues Top, Shares Up

Toll Brothers (TOL) reports impressive second-quarter fiscal 2022 results, with higher gross margins (up 170 basis points) and a solid backlog of $11.7 billion. Toll Brothers, Inc. TOL reported impressive results in second-quarter fiscal 2022 (ended Apr 30, 2022). Both top and bottom line topped the Zacks Consensus Estimate and increased on a year-over-year basis.Shares of this leading luxury homebuilder climbed 6.6% in the after-hour trading session on May 24, following the release.Douglas C. Yearley, Jr., chairman and chief executive officer, said, “While demand is still solid, over the past month it has moderated from the unprecedented pace of the past two years as buyers adapt to higher mortgage rates and other macro-economic conditions. However, the many fundamental drivers of housing demand remain firmly in place. These include favorable demographics, the significant imbalance between the supply and demand for homes, and migration trends. We believe these factors will support a healthy housing market over the long term.”Earnings & Revenue DiscussionThis Fort Washington, PA-based homebuilder reported earnings of $1.85 per share, which handiliy beat the Zacks Consensus Estimate of $1.46 by 26.7% and increased a whopping 83.2% from the year-ago period.Total revenues (including Home sales, and Land sales and other) came in at $2.28 billion, which beat the consensus mark of $2.05 billion by 11.1% and rose 18% year over year. The uptrend was backed by higher deliveries and pricing during the quarter.Toll Brothers Inc. Price, Consensus and EPS Surprise Toll Brothers Inc. price-consensus-eps-surprise-chart | Toll Brothers Inc. QuoteSegment DetailToll Brothers operates under two reportable segments, namely Traditional Home Building and Urban Infill (City Living).Revenues from Traditional Home Building totaled $2.17 billion, up 22% year over year and that of City Living decreased 69% to $18 million.Inside the Headline NumbersHome sales revenues grew 19.1% from the prior-year quarter to $2.19 billion. Homes delivered grew 6% year over year to 2,407 units. Deliveries increased in South, Mountain and Pacific regions served by the company. The average price of homes delivered was $908,400 for the quarter, up from the year-ago level of $808,600.The number of net signed contracts for the reported quarter was 2,874 units, down 17.6% year over year. The value of net signed contracts was $3.1 billion, reflecting a rise of 1% from the year-ago quarter.At fiscal second-quarter end, Toll Brothers had a backlog of 11,768 homes, representing a 16% year-over-year increase. Also, potential revenues from backlog improved 35% year over year to $11.7 billion. The average price of homes in backlog totaled $994,700, up from $860,100 at the end of second-quarter fiscal 2021.Cancellation rate (as a percentage of signed contracts) for the reported quarter was 3.8% compared with 4% in the prior-year period.MarginsThe company’s adjusted home sales gross margin was 26.1%, expanding 170 basis points for the quarter. SG&A expenses — as a percentage of home sales revenues — were 11.1%, which decreased from 11.9% in the year-ago quarter.FinancialsToll Brothers had cash and cash equivalents of $535 million at fiscal second-quarter end compared with $1.64 billion at fiscal 2021-end. At fiscal second-quarter end, it had $1.8 billion available under the $1.9 billion bank revolving credit facility, scheduled to mature in November 2026.Total debt at fiscal second-quarter end was $3.30 billion, down from $3.56 billion at fiscal 2021-end but up from $3.24 billion at fiscal first-quarter end. Debt to capital was 38.1% at fiscal second-quarter end versus 40.2% at fiscal 2021-end. During the quarter, the company repurchased 2.2 million shares of its common stock at an average price of $48.30 per share for approximately $106.5 million.Fiscal Third-Quarter GuidanceToll Brothers expects home deliveries of 2,750 units (indicating a rise from 2,597 units delivered in the prior-year quarter) at an average price of $895,000-$915,000 (suggesting a rise from $860,400 a year ago).Adjusted home sales gross margin is expected to be 27%, implying an increase from 25.6% in the year-ago period. SG&A expenses are estimated to be 10.5% of home sales revenues, indicating no change from the year-ago period. The company expects the effective tax rate to be 26%.Fiscal 2022 GuidanceFor fiscal 2022, home deliveries are anticipated to be 11,000-11,500 units (versus 11,250-12,000 units expected earlier) at an average price of $890,000-$910,000 (versus $875,000-$895,000 of earlier projection). Toll Brothers expects adjusted home sales gross margin of 27.5% compared with 25% reported in fiscal 2021. SG&A expenses, as a percentage of home sales revenues, for fiscal 2022 are projected to be 10.4% versus 10.5% projected earlier. The expected figure indicates a fall from 10.9% reported in fiscal 2021.Zacks Rank & Key PicksToll Brothers currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Better-ranked stocks, which warrant a look in the Construction sector, include Patrick Industries PATK, Beazer Homes USA BZH and NVR, Inc. NVR.Patrick Industries — sporitng a Zacks Rank #1 — is a leading component solutions provider for the RV, marine, and manufactured housing industries. Patrick Industries, like many others in the broader RV and consumer marine space, is witnessing a massive run for revenue growth that began about a decade ago.Patrick Industries’ expected earnings growth rate for 2022 is 36.7%. The Zacks Consensus Estimate for current-year earnings has improved 19.7% over the past 30 days.Beazer Homes, carrying a Zacks Rank #2 (Buy), designs, builds and sells single-family homes. BZH designs homes to appeal primarily to entry-level and first move-up homebuyers. Beazer Homes USA’s objective is to provide customers with homes that have quality and value. BZH’s subsidiary, Beazer Mortgage, originates the mortgages for the company's homebuyers.Beazer Homes’ expected earnings growth rate for fiscal 2022 is 48.9%. The Zacks Consensus Estimate for current-year earnings has improved 14.6% over the past 30 days.NVR, also carrying a Zacks Rank #2, is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings, all of which are primarily constructed on a pre-sold basis. In order to serve homebuilding customers, NVR operates a mortgage banking and title services business. NVR operates in two business segments: Homebuilding and Mortgage Banking.NVR’s expected earnings growth rate for the current year is 68.4%. The Zacks Consensus Estimate for current-year earnings has improved 20.4% over the past 30 days. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toll Brothers Inc. (TOL): Free Stock Analysis Report Beazer Homes USA, Inc. (BZH): Free Stock Analysis Report NVR, Inc. (NVR): Free Stock Analysis Report Patrick Industries, Inc. (PATK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 25th, 2022

Futures Jump After China Cuts Main Lending Rate By Most On Record But $1.9 Trillion Op-Ex Looms...

Futures Jump After China Cuts Main Lending Rate By Most On Record But $1.9 Trillion Op-Ex Looms... After months of endless jawboning and almost no action, overnight China finally cut its main mortgage interest rate by the most on record since the rate was introduced in 2019, as it tries to reduce the economic impact of Covid lockdowns and a property sector slowdown. The five-year loan prime rate was lowered from 4.6% to 4.45% on Friday (even as the 1 Year LPR was unchanged at 3.70%) . The reduction in the rate, which is set by a committee of banks and published by the People’s Bank of China, will directly reduce the borrowing costs on outstanding mortgages across the country (the move wasn’t much of a shock as the central bank had kept the 1-Year MLF Rate unchanged earlier in the week and effectively cut interest rates for first-time homebuyers by 20bps on Sunday). The rate cut was long overdue for China's property market which has experienced 8 straight months of home-price reductions with developers under extreme pressure. There was more bad news for China's embattled tech sector as Canada banned Huawei Technologies and ZTE equipment from use in its 5G network. The good news is that China's easing helped push Asian stocks higher, while European markets and US stock index futures also rose on Friday as buyers returned after a selloff fueled by recession fears saw the underlying S&P 500 lose more than $1 trillion in market value this week. Contracts on the S&P 500 advanced 1.1% as of 7:15a.m. in New York suggesting the index may be able to avoid entering a bear market (which would be triggered by spoos sliding below 3,855) at least for now, although today's $1.9 trillion Option Expiration will likely lead to substantial volatility, potentially to the downside.  Even with a solid jump today, should it not reverse as most ramps in recent days, the index - which is down almost 19% from its January record - is on track for a seventh week of losses, the longest such streak since March 2001. Futures on the Nasdaq 100 and Dow Jones indexes also gained. 10Y TSY yields rebounded from yesterday's tumble while the dollar was modestly lower. Gold and bitcoin were flat. In premarket trading, shares of gigacap tech giants rose, poised to recover some of the losses they incurred this week. Nasdaq 100 futures advanced 1.7%. The tech heavy benchmark has wiped out about $1.3 trillion in market value this month. Apple (AAPL US) is up 1.3% in premarket trading on Friday, Tesla (TSLA US) +2.6%.Palo Alto Networks jumped after topping estimates. Continuing the retail rout, Ross Stores cratered after the discount retailer cut its full-year outlook and first quarter results fell short of expectations. Here are some other notable premarket movers: Chinese stocks in US look set to extend this week’s gains on Friday after Chinese banks cut the five-year loan prime rate by a record amount, an effort to boost mortgage and loan demand in an economy hampered by Covid lockdowns. Alibaba (BABA US) +2.6%, Baidu (BIDU US) +1.1%, JD.com (JD US) +2.6%. Palo Alto Networks (PANW US) rises 11% in premarket trading on Friday after forecasting adjusted earnings per share for the fourth quarter that exceeded the average of analysts’ estimates. Applied Materials (AMAT US) falls 2.1% in premarket trading after its second-quarter results missed expectations as persistent chip shortages weighed on the outlook. However, Cowen analyst Krish Sankar notes that “while the macro/consumer data points have weakened, semicap demand is still healthy.” Ross Stores Inc. (ROST US) shares sank 28% in US premarket trade on Friday after the discount retailer cut its full-year outlook and 1Q results fell short of expectations, prompting analysts to slash their price targets. Foghorn Therapeutics (FHTX US) shares plunged 26% in postmarket trading after the company said the FDA has placed the phase 1 dose escalation study of FHD-286 in relapsed and/or refractory acute myelogenous leukemia and myelodysplastic syndrome on a partial clinical hold. Wix.com (WIX US) cut to equal-weight from overweight at Morgan Stanley as investors are unlikely to “give credit to a show-me story” in the current context which limits upside catalysts in the near term, according to note. Deckers Outdoor (DECK US) jumped 13% in US postmarket trading on Thursday after providing a year sales outlook range with a midpoint that beat the average consensus estimate. VF Corp’s (VFC US) reported mixed results, with analysts noting the positive performance of the company’s North Face brand, though revenues did miss estimates amid a tricky macro backdrop. The outdoor retailer’s shares rose 2.2% in US postmarket trading on Thursday. “The ‘risk-on’ trading mood has registered a solid rebound during the last couple of hours as traders cheered the significantly dovish monetary decision from China after the PBoC cut one of the key interest rates by a record amount,” said Pierre Veyret, a technical analyst at ActivTrades. “This will provide a fresh boost to the economy, helping small businesses and mitigate the negative impacts of lockdowns in the world’s second-largest economy.” Still, the broader market will have to fend off potential risks from options expiration, which is notorious for stirring up volatility. Traders will close old positions for an estimated $1.9 trillion of derivatives while rolling out new exposures on Friday. This time round, $460 billion of derivatives across single stocks is scheduled to expire, and $855 billion of S&P 500-linked contracts will expire according to Goldman. Rebounds in risk sentiment have tended to fizzle this year. Investors continue to grapple with concerns about an economic downturn, in part as the Federal Reserve hikes interest rates to quell price pressures. Global shares are on course for an historic seventh week of declines. “The risk-on trading mood has registered a solid rebound during the last couple of hours as traders cheered the significantly dovish monetary decision from China,” said Pierre Veyret, an analyst at ActivTrades. “This move significantly contrasts with the lingering inflation and recession risks in Western economies, where an increasing number of market operators and analysts are questioning the policies of central banks.” In Europe, the Stoxx Europe 600 index added 1.5%, erasing the week’s losses. The French CAC 40 lags, rising 0.9%. Autos, travel and miners are the strongest-performing sectors, rebounding after two days of declines. Basic resources outperformed as industrial metals rallied. Consumer products was the only sector in the red as Richemont slumped after the Swiss watch and jewelry maker reported operating profit for the full year that missed the average analyst estimate and its Chairman Johann Rupert said China is going to take an economic blow and warned the Chinese economy will suffer for longer than people think. The miss sent luxury stocks plunging: Richemont -11%, Swatch -3.8%, Hermes -3.2%, LVMH -1.9%, Kering -1.7%, Hugo Boss -1.7%, etc. These are the biggest European movers: Rockwool rises as much as 10% as the market continued to digest the company’s latest earnings report, which triggered a surge in the shares, with SocGen and BNP Paribas upgrading the stock. Valeo and other European auto stocks outperformed, rebounding after two days of losses. Citi says Valeo management confirmed that auto production troughed in April and activity is improving. Sinch gained as much as 5.4% after Berenberg said peer’s quarterly results confirmed the cloud communications company’s strong positioning in a fast-growing market. Lonza shares gain as much as 4.1% after the pharmaceutical ingredients maker was raised to outperform at RBC, with the broker bullish on the long-term demand dynamics for the firm. THG shares surge as much as 32% as British entrepreneur Nick Candy considers an offer to acquire the UK online retailer, while the company separately announced it rejected a rival bid. Maersk shares rise as much as 4.6%, snapping two days of declines, as global container rates advance according to Fearnley Securities which says 2H “looks increasingly promising.” PostNL shares jump as much as 8.2% after the announcement that Vesa will acquire sole control of the Dutch postal operator. Analysts say reaction in the shares is overdone. Dermapharm shares gain as much as 6.1%, the most since March 22, with Stifel saying the pharmaceuticals maker is “significantly undervalued” and have solid growth drivers. Richemont shares tumble as much as 14%, the most in more than two years, after the luxury retailer’s FY Ebit was a “clear miss,” with cost increases in operating expenses. Luxury peers were pulled lower alongside Richemont after the company’s disappointing earnings report, in which its CEO also flagged the Chinese market will lag for longer than people assume. Instone Real Estate shares drop as much as 12% as the stock is downgraded to hold from buy at Deutsche Bank, with the broker cutting its earnings estimates for the property developer Earlier in the session, Asia-Pac stocks picked themselves up from recent losses as risk sentiment improved from the choppy US mood. ASX 200 gained with outperformance in tech and mining stocks leading the broad gains across industries. Hang Seng and Shanghai Comp strengthened with a rebound in tech setting the pace in Hong Kong and with the mainland also lifted following the PBoC’s Loan Prime Rate announcement in which it defied the consensus by maintaining the 1-Year LPR at 3.70% but cut the 5-Year LPR by 15bps to 4.45%, which is the reference for mortgages. Nonetheless, this wasn’t much of a shock as the central bank had kept the 1-Year MLF Rate unchanged earlier in the week and effectively cut interest rates for first-time homebuyers by 20bps on Sunday. Japanese stocks regain footing in the wake of Thursday’s selloff, after Chinese banks cut a key interest rate for long-term loans by a record amount. The Topix rose 0.9% to 1,877.37 at the 3 p.m. close in Tokyo, while the Nikkei 225 advanced 1.3% to 26,739.03. Toyota Motor Corp. contributed the most to the Topix’s gain, increasing 2.1%. Out of 2,171 shares in the index, 1,511 rose and 567 fell, while 93 were unchanged. In Australia, the S&P/ASX 200 index rose 1.2% to close at 7,145.60 on the eve of Australia’s national election. Technology shares and miners led sector gains. Chalice Mining climbed after getting approvals for further exploration drilling at the Hartog-Dampier targets within its Julimar project. Novonix advanced with other lithium-related shares after IGO announced its first and consistent production of battery grade lithium hydroxide from Kwinana. In New Zealand, the S&P/NZX 50 index rose 0.5% to 11,267.39 India’s benchmark stocks index rebounded from a 10-month low and completed its first weekly gain in six, boosted by an advance in Reliance Industries.  The S&P BSE Sensex jumped 2.9% to 54,326.39 in Mumbai. The NSE Nifty 50 Index also rose by a similar magnitude on Friday. Stocks across Asia advanced after Chinese banks lowered a key interest rates for long-term loans.   Reliance Industries climbed 5.8%, the largest advance since Nov. 25, and gave the biggest boost to the Sensex, which had all 30 member stocks trading higher. All 19 sector indexes compiled by BSE Ltd. advanced, led by a gauge of realty stocks.  “Stocks in Asia and US futures pushed higher today amid a bout of relative calm in markets, though worries about a darkening economic outlook and China’s Covid struggles could yet stoke more volatility,” according to a note from SMC Global Securities Ltd.  In earnings, of the 36 Nifty 50 firms that have announced results so far, 21 have either met or exceeded analyst estimates, while 15 have missed forecasts. In FX, the Bloomberg Dollar Spot Index inched higher as the greenback traded mixed against its Group-of-10 peers. Treasuries fell modestly, with yields rising 1-2bps. The euro weakened after failing to hold on to yesterday’s gains that pushed it above $1.06 for the first time in more than two weeks. Inversion returns for the term structures in the yen and the pound, yet for the euro it’s all about the next meetings by the European Central Bank and the Federal Reserve. The pound rose to a session high at the London open, coinciding with data showing UK retail sales rose more than forecast in April. Retail sales was up 1.4% m/m in April, vs est. -0.3%. Other showed a plunge in consumer confidence to the lowest in at least 48 years. The Swiss franc halted a three-day advance that had taken it to the strongest level against the greenback this month. Australia’s sovereign bonds held opening gains before a federal election Saturday amid fears of a hung parliament, which could stifle infrastructure spending. The Australian and New Zealand dollar reversed earlier losses. The offshore yuan and South Korean won paced gains in emerging Asian currencies as a rally in regional equities bolstered risk appetite. In rates, Treasuries were slightly cheaper as S&P 500 futures advanced. Yields were higher by 2bp-3bp across the Treasuries curve with 10- year around 2.865%, outperforming bunds and gilts by 1.7bp and 3.5bp on the day; curves spreads remain within 1bp of Thursday’s closing levels. Bunds and Italian bonds fell, underperforming Treasuries, as haven trades were unwound. US session has no Fed speakers or economic data slated. UK gilts 2s10s resume bear-flattening, underperforming Treasuries, after BOE’s Pill said tightening has more to run. Gilts 10y yields regain 1.90%. Bund yield curve-bear steepens. long end trades heavy with 30y yield ~6bps cheaper. Peripheral spreads widen to core with 5y Italy underperforming. Semi-core spreads tighten a touch. In commodities, WTI trades within Thursday’s range, falling 0.5% to around $111. Most base metals trade in the green; LME lead rises 2.6%, outperforming peers. LME nickel lags, dropping 1.5%. Spot gold is little changed at $1,844/oz. KEY HEADLINES: Looking at the day ahead, there is no macro news in the US. Central bank speakers include the ECB’s Müller, Kazāks, Šimkus, Centeno and De Cos, along with the BoE’s Pill. Finally, earnings releases include Deere & Company. Market Snapshot S&P 500 futures up 1.1% to 3,940.00 STOXX Europe 600 up 1.2% to 433.00 MXAP up 1.6% to 164.68 MXAPJ up 2.1% to 539.85 Nikkei up 1.3% to 26,739.03 Topix up 0.9% to 1,877.37 Hang Seng Index up 3.0% to 20,717.24 Shanghai Composite up 1.6% to 3,146.57 Sensex up 2.5% to 54,115.12 Australia S&P/ASX 200 up 1.1% to 7,145.64 Kospi up 1.8% to 2,639.29 German 10Y yield little changed at 0.97% Euro down 0.2% to $1.0567 Gold spot up 0.2% to $1,845.64 U.S. Dollar Index up 0.25% to 102.98 Brent Futures down 0.4% to $111.55/bbl Top Overnight News from Bloomberg BOE Chief Economist Huw Pill said monetary tightening has further to run in the UK because the balance of risks is tilted toward inflation surprising on the upside ECB Governing Council Member Visco says a June hike is ‘certainly’ out of the question while July is ‘perhaps’ the time to start rate hikes China’s plans to bolster growth as Covid outbreaks and lockdowns crush activity will see a whopping $5.3 trillion pumped into its economy this year Chinese banks cut a key interest rate for long- term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid lockdowns China’s almost-trillion dollar hedge fund industry risks worsening the turmoil in its stock market as deepening portfolio losses trigger forced selling by some managers. About 2,350 stock-related hedge funds last month dropped below a threshold that typically activates clauses requiring them to slash exposures, with many headed toward a level that mandates liquidation Investors fled every major asset class in the past week, with US equities and Treasuries a rare exception to massive redemptions Ukraine’s central bank is considering a return to regular monetary policy decisions as soon as next month in a sign the country is getting its financial system back on its feet after a shock from Russia’s invasion The Group of Seven industrialized nations will agree on more than 18 billion euros ($19 billion) in aid for Ukraine to guarantee the short-term finances of the government in Kyiv, according to German Finance Minister Christian Lindner The best may already be over for the almighty dollar as growing fears of a US recession bring down Treasury yields A more detailed look at global markets courtesy of Newsquqawk Asia-Pac stocks picked themselves up from recent losses as risk sentiment improved from the choppy US mood.  ASX 200 gained with outperformance in tech and mining stocks leading the broad gains across industries. Nikkei 225 was underpinned following the BoJ’s ETF purchases yesterday and despite multi-year high inflation. Hang Seng and Shanghai Comp strengthened with a rebound in tech setting the pace in Hong Kong and with the mainland also lifted following the PBoC’s Loan Prime Rate announcement in which it defied the consensus by maintaining the 1-Year LPR at 3.70% but cut the 5-Year LPR by 15bps to 4.45%, which is the reference for mortgages. Nonetheless, this wasn’t much of a shock as the central bank had kept the 1-Year MLF Rate unchanged earlier in the week and effectively cut interest rates for first-time homebuyers by 20bps on Sunday. Top Asian News Chinese Premier Li vows efforts to aid the resumption of production, via Xinhua; will continue to build itself into a large global market and a hot spot for foreign investment, via Reuters. US and Japanese leaders are to urge China to reduce its nuclear arsenal, according to Yomiuri. It was also reported that Japanese PM Kishida is expected to announce a defence budget increase during the summit with US President Biden, according to TV Asahi. Offshore Yuan Halts Selloff With Biggest Weekly Gain Since 2017 Hong Kong Dollar Traders Brace for Rate Spike Amid Intervention Shanghai Factory Output Fell 20 Times Faster Than Rest of China Japan’s Inflation Tops 2%, Complicating BOJ Stimulus Message European indices have started the week's last trading day positively and have extended on gains in early trade. Swiss SMI (+0.5%) sees its upside capped by losses in Richemont which provided a downbeat China outlook. European sectors are almost wholly in the green with a clear pro-cyclical bias/anti-defensive bias - Healthcare, Personal & Consumer Goods, Telecoms, Food & Beverages all reside at the bottom of the chart, whilst Autos & Parts, Travel & Leisure and Retail lead the charge on the upside. US equity futures have also been trending higher since the reopening of futures trading overnight Top European News Holcim, HeidelbergCement Said to Compete for Sika US Unit Prosus Looking to Sell $6 Billion Russian Ads Business Avito European Autos Outperform in Rebound, Driven by Valeo, Faurecia Volkswagen Pitted Against Organic Farmer in Climate Court Clash FX DXY bound tightly to 103.000, but only really firm relative to Yen on renewed risk appetite. Yuan back to early May peaks after PBoC easing of 5 year LPR boosts risk sentiment - Usd/Cny and Usd/Cnh both sub-6.7000. Kiwi outperforms ahead of anticipated 50 bp RBNZ hike next week and with tailwind from Aussie cross pre-close call election result. Euro and Pound capped by resistance at round number levels irrespective of hawkish ECB commentary and surprisingly strong UK consumption data. Lira lurching after Turkish President Erdogan rejection of Swedish and Finnish NATO entry bids. Japanese PM Kishida says rapid FX moves are undesirable, via Nikkei interview; keeping close ties with overseas currency authorities, via Nikkei. Fixed Income Debt futures reverse course amidst pre-weekend risk revival, partly prompted by PBoC LPR cut. Bunds hovering above 153.00, Gilts sub-119.50 and T-note just over 119-16. UK debt also taking on board surprisingly strong retail sales metrics and EZ bonds acknowledging more hawkish ECB rhetoric. Commodities WTI and Brent July futures consolidate in early European trade in what has been another volatile week for the crude complex. Spot gold has been moving in tandem with the Buck and rose back above its 200 DMA Base metals are mostly firmer, with LME copper re-eyeing USD 9,500/t to the upside as the red metal is poised for its first weekly gain in seven weeks Russia's Gazprom continues gas shipments to Europe via Ukraine, with Friday volume at 62.4mln cubic metres (prev. 63.3mbm) Central Banks BoE Chief Economist Pill says inflation is the largest challenge faced by the MPC over the past 25 years. The MPC sees an upside skew in the risks around the inflation baseline in the latter part of the forecast period. Pill said further work needs to be done. "In my view, it would be preferable to have any such gilt sales running ‘in the background’, rather than being responsive to month-to-month data news.", via the BoE. ECB's Kazaks hopes the first ECB hike will happen in July, according to Bloomberg. ECB's Muller says focus needs to be on fighting high inflation, according to Bloomberg. ECB's Visco says the ECB can move out of negative rate territory; a June hike is "certainly" out of the question but July is perhaps the time to start Chinese Loan Prime Rate 1Y (May) 3.70% vs. Exp. 3.65% (Prev. 3.70%); Chinese Loan Prime Rate 5Y (May) 4.45% vs. Exp. 4.60% (Prev. 4.60%) Fed's Kashkari (2023 voter) said they are removing accommodation even faster than they added it at the start of COVID and have done quite a bit to remove support for the economy through forward guidance. Kashkari stated that he does not know how high rates need to go to bring inflation down and does not know the odds of pulling off a soft-landing, while he is seeing some evidence they are in a longer-term high inflation regime and if so, the Fed may need to be more aggressive, according to Reuters US Event Calendar Nothing major scheduled DB's Jim Reid concludes the overnight wrap The good thing about having all these injuries in recent years is that when it comes down to any father's football matches or sport day races I now know that no amount of competitive juices make getting involved a good idea. However my wife has not had to learn her lesson yet and tomorrow plays her first netball match for 37 years in a parents vs schoolgirls match. The mums had a practise session on Tuesday and within 3 minutes one of them had snapped their ACL. I'll be nervously watching from the sidelines. Markets were also very nervous yesterday after a torrid day for risk sentiment on Tuesday. Although equities fell again yesterday it was all fairly orderly. This morning Asia is bouncing though on fresh China stimulus, something we discussed in yesterday's CoTD here. More on that below but working through things chronologically, earlier the Stoxx 600 closed -1.37% lower, having missed a large portion of the previous day’s US selloff, but generally continues to out-perform. US equities bounced around, with the S&P 500 staging a recovery from near intraday lows after the European close, moving between red and green all day (perhaps today's option expiry is creating some additional vol) before closing down -0.58%. This sent the index to a fresh one year low and puts the week to date loss at -3.06%, having declined -18.68% since its January peak. Barring a major reversal today, the index is now on track to close lower for a 7th consecutive week for the first time since 2001. In terms of the sectoral breakdown, it was another broad-based decline yesterday, but consumer discretionary stocks (+0.13%) recovered somewhat following their significant -6.60% decline the previous day. Consumer staples, meanwhile, continued their poor run, falling -1.98%, while tech (-1.07%) was not far behind. Those losses occurred against the backdrop of a fresh round of US data releases that came in beneath expectations, which also helped the dollar index weaken -0.93% to mark its worst daily performance since March. First, there were the weekly initial jobless claims for the week through May 14, which is one of the timeliest indicators we get on the state of the economy. That rose to 218k (vs. 200k) expected, which is its highest level since January. Then there was the Philadelphia Fed’s manufacturing business outlook survey for May, which fell to a two-year low of 2.6 (vs. 15.0 expected). And finally, the number of existing home sales in April fell to its lowest level since June 2020, coming in at an annualised rate of 5.61m (vs. 5.64m expected). The broader risk-off move that created meant that sovereign bonds rallied on both sides of the Atlantic. Yields on 10yr Treasuries were down -4.7bps to 2.84%, which follows their -10.2bps decline in the previous session. We didn’t get much in the way of Fed speakers yesterday, but Kansas City Fed President George nodded to recent equity market volatility, saying that it was “not surprising”, and that whilst policy wasn’t aimed at equity markets, “it is one of the avenues through which tighter financial conditions will emerge”. So no sign yet of the Fed being unhappy about tighter financial conditions so far, and markets are continuing to fully price in two further 50bp moves from the Fed in June and July. Nobody said getting inflation back to target from such lofty levels would be easy. So if you’re looking for a Fed put, it may take a while. Later on, Minneapolis Fed President Kashkari drove that point home, saying he was not sure how high rates ultimately needed to go, but said the Fed must ensure inflation does not get embedded in expectations. Over in Europe debt moves were more significant yesterday, having not taken part in the late US rally on Wednesday. Yiields on 10yr bunds (-8.0bps), OATs (-7.4bps) and BTPs (-6.2bps) all saw a reasonable decline on the day. Over in credit as well, iTraxx Crossover widened +10.2bps to 478bps, which surpasses its recent high earlier this month and takes it to levels not seen since May 2020. We also got the account from the April ECB meeting, although there wasn’t much there in the way of fresh headlines, with hawks believing that it was “important to act without undue delay in order to demonstrate the Governing Council’s determination to achieve price stability in the medium term.” That group also said that the monetary policy stance “was no longer consistent with the inflation outlook”. But then the doves also argued that moving policy “too aggressively could prove counterproductive” since monetary policy couldn’t tackle “the immediate causes of high inflation.” Asian equity markets are trading higher this morning after the People’s Bank of China (PBOC) lowered key interest rates amid the faltering economy. They cut the 5-year loan prime rate (LPR) – which is the reference rate for home mortgages for the second time this year from 4.6% to 4.45%, the largest cut on record, as Beijing seeks to revive the ailing housing sector to prop up the economy. Meanwhile, it left the 1-year LPR unchanged at 3.7%. Across the region, the Hang Seng (+1.83%) is leading gains in early trade with the Shanghai Composite (+1.11%) and CSI (+1.41%) also trading up. Elsewhere, the Nikkei (+1.08%) and Kospi (+1.75%) are trading in positive territory. Outside of Asia, equity futures in DMs indicate a positive start with contracts on the S&P 500 (+0.75%), NASDAQ 100 (+1.01%) and DAX (+1.13%) all notably higher. In other news, Japan’s national CPI rose +2.5% y/y in April, the highest for the headline rate since October 2014 and compared to the previous month’s +1.2% increase. Oil prices are lower with Brent futures -0.77% down to $111.18/bbl, as I type. To the day ahead now, and data releases include UK retail sales and German PPI for April, as well as the advance Euro Area consumer confidence reading for May. Central bank speakers include the ECB’s Müller, Kazāks, Šimkus, Centeno and De Cos, along with the BoE’s Pill. Finally, earnings releases include Deere & Company. Tyler Durden Fri, 05/20/2022 - 08:02.....»»

Category: smallbizSource: nytMay 20th, 2022

The Residence Club at Rancho la Puerta announces new residence design

The Residences Club at Rancho La Puerta announced today Club Casa – a stunning new home design now being offered at the world’s first wellbeing, co-ownership development, located at the original wellness and spa destination in North America. One of three housing options, Club Casa’s architecture and design integrate environmentally... The post The Residence Club at Rancho la Puerta announces new residence design appeared first on Real Estate Weekly. The Residences Club at Rancho La Puerta announced today Club Casa – a stunning new home design now being offered at the world’s first wellbeing, co-ownership development, located at the original wellness and spa destination in North America. One of three housing options, Club Casa’s architecture and design integrate environmentally friendly local materials and exquisite Mexican craftsmanship. The home exudes both interior and exterior beauty, surrounded by nature and stunning mountainscapes and complements the existing Club Casita and Club Villa designs. “What sets this new residence design apart is its open-air, indoor patio with a gorgeous water fountain,which expands the interior space and allows the home to be drenched in sunlight,” said Alfredo Carvajal, advisor to Grupo Espiritu and developer of The Residences community at Rancho La Puerta. “The new design is an ideal gathering spot for entertaining. These beautiful homes are perfectly positioned in the overall masterplan, affording close proximity to the remarkable array of amenities available in the community and at Rancho La Puerta.” “We are excited to offer a new home type for Club Casa with a new lifestyle option for those wishing tobecome part of our Residence Club and The Residences community,” said Roberto Arjona, CEO of Rancho La Puerta. “This home makes the outdoors central to the living environment. The introduction of more natural lighting, lush greenery and water features throughout the home creates a true sensory living experience in an authentic Mexican-style home.” The new design is a one-story, three-bedroom home with two master bedrooms and three and a half baths within 3,113 square feet. The Residences Club at Rancho La Puerta offers co-ownership home options priced from $188,000 to $416,569. Among the many elegant features offered by the new home are:● A unique open-air, inner patio with water fountain and plants● Large living and dining room area with a fireplace● Spa shower, bathtub and heated bathroom floors● Exclusive outdoor terrace with water fountain, hammock, meditation space, and private pool● Heated and lighted saltwater dipping pool with bench and Jacuzzi● Outdoor kitchen featuring a fire pit, BBQ and terrace glow-lighting ● Eco-friendly and sustainable technology including thermal insulated walls and ceilings, natural lighting, solar domes, double glazed windows, energy-efficient air conditioning, air filtration system, and appliances along with optional photovoltaic energy and solar water heater, electromobility chargers and more● Two complimentary bikes The Residence Club at Rancho La Puerta is being created by Grupo Espiritu, in partnership with Elite Alliance, the industry leader in residence club consulting, luxury hospitality management, vacation rental, and luxury home exchange. As the world’s first wellbeing co-ownership development, the Residence Club is where wellness-inspired vacations, sustainability, community living, and the sharing economy converge harmoniously. It allows homeowners the opportunity to enjoy the benefits of vacation home ownership and luxury resort services at a price that is commensurate with personal use. The Residence Club homes are elegantly furnished and owned by eight like-minded families. Club owners enjoy frequent and flexible use, a host of amenities, services, and Rancho La Puerta privileges including The Ranch Day Pass Program which allows residents to participate in daily Rancho La Puerta activities including morning hikes, art classes, fitness classes, lectures, workshops and more as well as extensive wellness services from Rancho La Puerta available at home. They can bring family members and friends, host unaccompanied guests, or rent their residences. Residence Club owners can also explore more than 120 other destinations as members of the prestigious Elite Alliance exchange program. For more information on Club Casa, The Residence Club at Rancho La Puerta and The Residencescommunity, please visit residencesrancholapuerta.com or call 888.608.0059 or email residences@rancholapuerta.com. The post The Residence Club at Rancho la Puerta announces new residence design appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyMay 19th, 2022

4 Retail Home Furnishing Stocks to Watch Amid Industry Challenges

Supply-chain issues and rising raw material prices are concerns for the Zacks Retail-Home Furnishing industry. Players such as RH, WSM, ETD and LOVE can gain from focus on digitization, e-commerce, product innovation and new marketing techniques. Continued investments in e-commerce, supply-chain bottlenecks and higher raw material costs in the home furnishing market are overriding consumers’ desire for shopping, continued housing market momentum, efficient cost management and persistent focus on product innovation. While efforts are being taken to redesign the supply-chain network and rationalize product offerings, investments in merchandising of brands and digital marketing may hurt somewhat. However, Zacks Retail-Home Furnishings industry players such as RH RH, Williams-Sonoma, Inc. WSM, Ethan Allen Interiors Inc. ETD and The Lovesac Company LOVE, looking to overcome the challenges, can be worth considering.Industry DescriptionThe Zacks Retail-Home Furnishings industry comprises retailers offering home furnishing products under various categories. The merchandise assortment includes furniture, garden accessories, framed art, lighting, mirrors, candles, tableware, lamps, picture frames, bathware, accent rugs, artificial floral products, and child and teen furnishing. The industry players also develop, manufacture, market and distribute bedding products. The companies provide home and security products for residential home repair, remodeling, new construction, and security applications. They are involved in manufacturing, assembling, and selling faucets, accessories, kitchen sinks, and waste disposal.3 Trends Shaping the Future of the Retail-Home Furnishings IndustrySupply-Chain Issues, Stiff Competition & Labor Expenses: Industry players have been grappling with supply-chain bottlenecks. Due to supply issues across the world, these companies have been witnessing some inventory delays, product shortages and manufacturing delays. Accelerating raw material and freight costs (including e-commerce shipping) as well as higher employment-related expenses have been putting pressure on the companies’ margins.Meanwhile, the home furnishings industry is highly competitive, with interior design trade and specialty stores, antique dealers, national and regional home furnishing retailers as well as department stores giving a hard time. Online retailers focused on home furnishing also pose a threat. Competitive product pricing has been eating into margins. Even though sales-building initiatives of the industry participants have been reaping positive results, these involve high costs.Solid Residential & R&R Markets, Higher Consumer Spending: The industry, which is highly dependent on economic and U.S. housing market conditions, is expected to gain from the solid momentum in the U.S. housing market. The COVID-19 pandemic has encouraged consumers to take on more do-it-yourself or DIY and other home-improvement projects. So, the industry stands to benefit from a solid rise in repair and remodeling (R&R) activities.Consumer spending levels are also likely to remain high, courtesy of the savings from the pandemic. This, accompanied with low household debt and a strong jobs market should continue to drive the economy in 2022 amid headwinds like rising prices.Strong Digital Platform, Product Reinvention & Marketing Moves: Optimization of the supply chain and improvement in e-commerce channels are expected to drive the top line. In fact, e-commerce rescued the retail sector amid pandemic-induced uncertainties. This digital platform will continue to play a major role, as people find it more comfortable and safer to shop online. Product innovation plays a key role in market share gain in this industry. Companies aim to come up with products and collaborate with celebrated brands as well as designers to maintain exclusivity. Also, customer experience is being enhanced by innovative marketing techniques, with emphasis on digital marketing, better merchandising, store remodeling and loyalty programs.Zacks Industry Rank Indicates Dull ProspectsThe Zacks Retail-Home Furnishings industry is an eight-stock group within the broader Zacks Retail-Wholesale sector. The industry currently carries a Zacks Industry Rank #175, which places it at the bottom 31% 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 bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a dull earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s bottom-line growth potential. Since March 2022, the industry’s earnings estimates for 2022 have been revised 0.6% downward.Despite the industry’s dim near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.Industry Lags Sector, S&P 500The Zacks Retail-Home Furnishings industry has underformed the broader Zacks Retail-Wholesale sector as well as the Zacks S&P 500 composite over the past year.The industry has lost 34.3% compared with the S&P 500’s 2.7% decline. The broader sector has declined 29.3% over this period.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-earnings ratio, which is commonly used for valuing retail home furnishing stocks, the industry is currently trading at 8.4 compared with the S&P 500’s 17.4 and the sector’s 20.4.Over the last five years, the industry has traded as high as 20.7X and as low as 8.4X, with the median being 15.3X, as the chart below shows.Industry’s P/E Ratio (Forward 12-Month) Versus S&P 5004 Retail-Home Furnishings Stocks to Watch Out ForWe have selected two stocks from the Zacks retail home furnishing sector that currently sport a Zacks Rank #1 (Strong Buy) or 2 (Buy). We have also highlighted two other stocks carrying a Zacks Rank #3 (Hold) with solid prospects. You can see the complete list of today’s Zacks #1 Rank stocks here. Lovesac: This Stamford, CT-based company retails home furnishing products like alternative furniture stores, sectionals, bean bags, bean bag chairs and other accessories. LOVE has been experiencing profitable growth across all sales channels given operational flexibility, highly-engaged customers, innovation and a proven omni-channel approach. For fiscal 2022, showroom sales grew 104.6% and and “Other” channel registered growth of 106.7%. Its recently launched Mobile Concierge service and unique business model with a concentrated SKU count and manufacturing spread across multiple geographies bode well.LOVE currently flaunts a Zacks Rank #1 and has an expected earnings growth rate of 71.7% for fiscal 2023. Although its shares have declined 52.9% over the past year, LOVE has seen an upward estimate revision of 65.4% for fiscal 2023 earnings over the past 60 days. This depicts analysts’ optimism over the company’s prospects.Price and Consensus: LOVEWilliams-Sonoma: This is a San Francisco, CA-based multi-channel specialty retailer. The company has been benefiting from a solid housing market, focus on digital initiatives, higher e-commerce penetration and product introductions. In addition to continued enhancement of the e-commerce channel, optimization of the supply chain and disciplined cost control are expected to drive growth.Williams-Sonoma, a Zacks Rank #1 company, has declined 27.1% over the past year. That said, earnings estimates for the current year have moved 10% north over the past 30 days.Price and Consensus: WSMRH: Based in Corte Madera, CA, this leading luxury retailer in the home furnishing space has been riding high, given prudent growth initiatives, margin expansion efforts and stellar performance. Focus on elevating the brand and architecting an integrated operating platform has aided RH in becoming one of the few retailers with solid margins and operating earnings. It ended fiscal 2021 on a solid note, with adjusted operating margin expansion of 1,130 basis points (bps) from 2019, reflecting the strongest two-year growth in the sector. Adjusted net revenues grew 32% from fiscal 2020, marking one of the highest two-year growth rates in the industry.RH currently holds a Zacks Rank #3 and has an expected earnings growth rate of 0.3% for fiscal 2022. Its shares have lost 55.4% over the past year. That said, RH has seen an upward estimate revision of 0.5% for fiscal 2022 earnings over the past 30 days.Price and Consensus: RHEthan Allen Interiors Inc.: This Danbury, CT-based company operates as an interior design company and manufacturer and retailer of home furnishings. Its wide array of offerings, strong network of retail design centers, and focus on interior design services as well as technology enhancement have been benefiting the company.Earnings of Ethan Allen, a Zacks Rank #3 company, are expected to grow 47.3% for fiscal 2022. It has slipped 15.9% over the past year. That said, ETD has seen an upward estimate revision of 6.4% for fiscal 2022 earnings over the past 30 days.Price and Consensus: ETD Just Released: 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 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See 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 RH (RH): Free Stock Analysis Report WilliamsSonoma, Inc. (WSM): Free Stock Analysis Report The Lovesac Company (LOVE): Free Stock Analysis Report Ethan Allen Interiors Inc. (ETD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 17th, 2022

15 Descriptive Words to Use When Selling a Luxury Home

As a luxury real estate professional, you know that even the most incredible homes don’t sell themselves. Many components go into the listing, marketing, and selling of a property in the luxury market, such as furniture staging, adequate lighting, and high-quality photos and videos. Yet, all these components will not shine without a carefully crafted… The post 15 Descriptive Words to Use When Selling a Luxury Home appeared first on RISMedia. As a luxury real estate professional, you know that even the most incredible homes don’t sell themselves. Many components go into the listing, marketing, and selling of a property in the luxury market, such as furniture staging, adequate lighting, and high-quality photos and videos. Yet, all these components will not shine without a carefully crafted listing description to promote the property. Learning how to craft a compelling description for your property listing is one of the most effective ways to ensure your copy increases interest in the property and attracts more potential buyers, both of which are critical if you’re looking to sell the home more quickly (and for above listing price). If you’re hitting a patch of writer’s block or are simply looking for some phrases to spruce up your luxury real estate descriptions, we’ve got you covered. Here are 15 descriptive words and phrases to use in your MLS listing, social media campaigns, and print and digital marketing materials to help give your property listing a boost. 15 phrases to use in luxury real estate listings “Soaring ceilings” High ceilings make a home look and feel more open and spacious, which are traits a prospective buyer will want to see in a luxury home “Postcard-perfect views” This phrase suggests that the property is located on a picturesque plot of land, which is important for many buyers. You should only use this phrase if your description includes high-quality photos that can serve as proof. “Flooded with natural light” Potential buyers shopping for luxury homes typically want plenty of windows and natural light throughout, so this is a perfect phrase for homes meeting that criteria. “Exquisite living experience” This phrase is worth calling out if a home or community offers amenities that elevate the living experience, such as an on-site pool, fitness area, or sauna. “Chic” The phrase “chic” implies not only that a property is trendy and luxurious, but also more customized or unique as well. “Custom-built” Potential buyers often equate the idea of a custom-built home as being superior to a “cookie-cutter” home, so this is worth calling out in a listing description. “Trophy property” This phrase suggests that the property is luxurious and worth showing off, which could generate more interest among affluent buyers. “Coveted community” Listing a property in a “coveted community” implies a high-demand location that many people want to live in, which may pique a potential buyer’s interest even further. “Lush landscaping” Prospective buyers are interested in more than just the inside of a luxury home; this phrase assures them that the outside of the property is just as beautiful as the interior. “Restore and relax” This is an excellent phrase for describing an outdoor space, such as a deck or patio, to convey the feeling of being home. “Flowing layout” This phrase suggests that the home has an open yet sensible layout ideal for entertaining family and friends. “Meticulously maintained” Regardless of the age of a luxury home, prospective buyers want to know that it’s been well-kept throughout the years. This phrase inspires confidence in that regard. “A remarkable find” This creative phrase implies to prospective buyers that purchasing this home is more of a rare opportunity, all in hopes of creating a greater sense of urgency in scheduling a tour of the home. “Al-fresco dining” If a home has a great deck or patio space for outdoor dining, this phrase is great to call that out. “Uncompromising quality” This phrase implies luxury without explicitly using the word, informing affluent buyers that this property is the top choice. Ready to take your listings to the next level? These are just some of the many descriptive phrases luxury real estate professionals (like yourself) can use to make their listings stand out from the crowd. As the competition increases in the luxury real estate market, it’s time to revise your listing descriptions and gain more traction. As a member of The Institute, you’ll have access to ready-to-use marketing tools to strengthen your marketing strategy and gain valuable insights from top luxury real estate industry experts. The Institute also offers a wide range of resources to invest in yourself at any stage in your luxury real estate career, so give yourself the gift of growth today in your career as a luxury real estate professional and contact us today. Diane Hartley is the president of the Institute for Luxury Home Marketing, a premier independent authority in training and designation for real estate agents working in the upper-tier residential market. Hartley brings her passion for luxury marketing and more than 20 years of experience growing and leading businesses to her role as president of the Institute. The post 15 Descriptive Words to Use When Selling a Luxury Home appeared first on RISMedia......»»

Category: realestateSource: rismediaMay 12th, 2022

Generac (GNRC) Launches Two Powermate Portable Generators

Generac (GNRC) introduces two Powermate generators for outdoor and indoor use. Generac Power Systems Inc. GNRC announces the launch of Powermate 4500-Watt Dual Fuel Portable Generator and the Powermate 7500-Watt Dual Fuel Portable Generator.Both generators are available for purchase online at Powermate.com. The models are also available at a few select retail outlets.Generac added that the new flexible generators are designed to use for home as well as recreational purposes by consumers.Generac Holdings Inc. Price and Consensus  Generac Holdings Inc. price-consensus-chart | Generac Holdings Inc. QuoteThe Powermate 4500-Watt Dual Fuel Portable Generator has a starting power of 4,500 watts and a running power of 3,600 watts (gas), enabling it to power small electrical appliances at an outdoor location (picnic or campground) and certain power tools for home DIY work.The Powermate 7500-Watt Dual Fuel Portable Generator is also suitable for outdoor events and power tool use, with 7,500 starting watts and 6,000 running watts (gas).Both variants are designed to run either on gasoline or LP gas fuel.The generators are driven by Generac OHV engines, which deliver constant power for a variety of applications and have a simple dual-fuel dial that allows customers to choose between gasoline and LP gas. For simple travel, these include a steel frame and a compact design with integrated wheels and a handle.The generators are equipped with innovative co-sense technology that enables them to shut down if the surrounding carbon monoxide levels become dangerous.Headquartered in Waukesha WI, Generac is a leading manufacturer of power generation equipment, energy storage systems and other power products — including portable, residential, commercial and industrial generators. In addition, the company manufactures light towers, which provide temporary lighting solutions for various end markets, and commercial and industrial mobile heaters and pumps used in the oil & gas, construction and other industrial markets.GNRC reported first-quarter 2022 adjusted earnings of $2.09 per share, which beat the Zacks Consensus Estimate by 10%. However, the bottom line declined 12.2% year over year.Net sales increased 41% year over year to $1.14 billion and beat the consensus mark by 4.9%. Robust demand for Residential and Commercial & Industrial products and effective M&A strategies boosted Generac’s first-quarter performance.Key PicksGenerac currently has a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader technology space are InterDigital IDCC, Vishay Intertechnology VSH and Pure Storage PSTG. InterDigital, Vishay Intertechnology and Pure Storage currently sport a Zacks Ranks #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for InterDigital’s 2022 earnings is pegged at $3.28 per share, increasing 5.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 15%.InterDigital’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 141.13%. Shares of InterDigital have declined 14.6% in the past year.The Zacks Consensus Estimate for Vishay Intertechnology’s 2022 earnings is pegged at $2.68 per share, rising 10.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 22.7%.Vishay Intertechnology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.96%. Shares of Vishay Intertechnology have declined 18.2% in the past year.The Zacks Consensus Estimate for Pure Storage’s fiscal 2023 earnings is pegged at 86 cents per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 30.9%.Pure Storage’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 99.2%. Shares of Pure Storage have gained 46.2% in the past year. Special Report: The Top 5 IPOs for Your Portfolio Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.>>See Zacks’ Hottest IPOs NowWant 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 InterDigital, Inc. (IDCC): Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH): Free Stock Analysis Report Generac Holdings Inc. (GNRC): Free Stock Analysis Report Pure Storage, Inc. (PSTG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 11th, 2022

The luxury California mansion that featured in "Big Little Lies" and "Basic Instinct" just went on the market for over $30 million — take a look

The home has a gym, steam room, two-story library, and breakfast room enclosed in a glass atrium with views over the ocean. An aerial view of the Lodge at Spindrift.Compass. A luxury mansion in the Carmel Highlands, California, recently went on the market for $32.5  million. The home has a gym, steam room, two-story library, and breakfast room enclosed in a glass atrium. The mansion featured in HBO's "Big Little Lies" and the 1992 movie, "Basic Instinct." A luxury coastal mansion with a price tag of $32.5 million recently went on sale in Carmel, California.The living room inside the Lodge at Spindrift.Compass.The Lodge at Spindrift features a gym, gourmet chef's kitchen, two-story library, and a breakfast room enclosed inside a glass atrium, according to the property's website.The nook at the Lodge at Spindrift.Compass.The coastal mansion sits on 2.1 acres while the property itself stretches to 12,100 square feet. "In today's building market, you literally cannot replicate that type of size," Jonathan Spencer, the realtor who holds the property listing, told Insider.An aerial view of the Lodge at Spindrift.Compass.The property was originally built in 1983 but underwent renovations in 1996, 1998, and 2005, according to Spencer.The master bedroom inside the Lodge at Spindrift.Compass.The mansion's current owner — who purchased the property in 2018 — completed a "multi-million dollar remodel" of the home, Spencer told Insider.A firepit at the Lodge at Spindrift.Compass.The owner added a gym, sauna, eight high-definition TVs, and three new central seating areas with fire pits. New pool equipment, a hot tub, and upgraded landscaping with lighting, wifi, and speakers were also added to the property.The property has outdoor dining space.Compass.The property's listing price has been increased from $26.6 million to $32.5 million to include all existing furniture, electronics, and artwork. "The furnishings are in the seven figure range," said Spencer.The property also features a library.Compass.Spencer said that the property's valuation meant only a small group of individuals would be able to purchase it. "For this price point, you have two thousand people in the world that can afford this type of property," he told Insider.The view from the Lodge at Spindrift.Compass."Over the past five years, numerous high net worth buyers have invested in this stretch of oceanfront real estate. In some cases they pour $20 - $30 million into new construction after purchasing the land for between $10 - $20 million," Spencer said. "These properties are the best of the best, the smart money is coming to this coastline for its beauty, tranquility and connection to nature," he added.The view from the property.Compass.He said that the "two main buying pools" are celebrities and wealthy individuals in the technology sector, who are attracted to the "privacy and exclusivity" of the Carmel Highlands.The exterior of the Lodge at Spindrift.Compass.Spencer said he expected the eventual buyer to be from the technology sector due to the property's proximity to both Silicon Valley and Los Angeles. "You're in a good central location between two of the major technology hubs in America," he said.Apple's headquarters in Cupertino, California, which is around 80 miles from the Carmel Highlands.Justin Sullivan/Getty Images.The price per square foot for a property on the oceanfront in the Highlands ranges between $2,000 - $6,000 dollars per square foot, but most properties exchange hands for around $2,000 - $3,000 per square foot, Spencer said.A view from the Lodge at Spindrift.Compass.The Lodge at Spindrift is currently the most expensive home for sale on the Carmel coastline on a list price basis, according to Spencer.The property has an oceanfront firepit.Compass.The house has previously been used as a filming location, most recently featuring as a backdrop in HBO's "Big Little Lies."The Big Little Lies cast at the Golden Globe Awards in Beverly Hills, California in 2018.Steve Granitz/WireImage.The Lodge at Spindrift was also used as the setting for the home of Sharon Stone's character, Catherine Trammel, the 1992 film "Basic Instinct."On the set of Basic Instinct, which was filmed in the Lodge at Spindrift.Sunset Boulevard/Corbis via Getty Images.The house has undergone several renovations since it was used for filming, but parts are still recognizable from the movie. "If you know the house intimately, you can still tell what room they were in," Spencer said.On the set of Basic Instinct, which was filmed at the Lodge at Spindrift.Sunset Boulevard/Corbis via Getty Images.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 7th, 2022