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Why Salem Health diverted ambulances last week and could do so again

Salem Health has been operating at more than 100% capacity for about a year......»»

Category: topSource: bizjournalsAug 5th, 2022

Dow Jones ETF Avoids Bear Market: 4 Stocks in Green

Both the S&P 500 and the tech-heavy Nasdaq Index are in bear market while the Dow Jones in the only of the three main indexes not to have bear market status. Wall Street has been facing tough times this year with all the major indices in deep red. The decline was trigerred by worries about Russia's invasion of Ukraine, an energy crisis in Europe and the end of easy money policy globally. Both the S&P 500 and the tech-heavy Nasdaq Index are in bear market, losing 23% and 31%, respectively, while the Dow Jones in the only of the three main indexes not to have bear market status.The blue-chip index is down 18.6% year to date. SPDR Dow Jones Industrial Average ETF DIA, the proxy version of the Dow Jones Index, has plunged about 17.4%. While most of the stocks in DIA’s portfolio are in red, four stocks have been standing tall so far this year. These include Chevron CVX, Merck & Co. MRK, UnitedHealth Group Inc. UNH and Amgen AMGN.The renewed selling pressure came last week after Fed Chair Jerome Powell raised interest rates by another 75 bps. This marks the third consecutive rate hike of 0.75% and pushed the benchmark interest rate to 3.0-3.25%, the highest level since 2008. The central bank also signaled that additional large rate hikes were likely at upcoming meetings as it combats inflation that remains near a 40-year high (read: ETFs That Won After Fed Rate Hike).Fed officials now expect the federal funds rate at a range of 4.25% to 4.5%, a full percentage point above the 3.25% to 3.5% projected in June to end 2022. This means that the central bank could approve another three-quarter point hike at its November meeting and then a half-point rate rise in December. Economists warned that the rapid tightening would hurt the labor and housing markets, thereby pushing the economy into recession and impacting the stock market.Let’s take a closer look at the fundamentals of DIA.DIA in FocusSPDR Dow Jones Industrial Average ETF is one of the largest and most popular ETFs in the large-cap space with AUM of $26.3 billion and an average daily volume of 3 million shares. Holding 30 blue chip stocks, the fund is widely spread across components with each holding less than 11.4% share. Healthcare (21.9%), information technology (20.2%), financials (15.6%), consumer discretionary (13.5%) and industrials (13.1%) are the top five sectors. DIA charges 16 bps in annual fees and has a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook (see: all the Large Cap Blend ETFs here).Below we have highlighted the above-mentioned four stocks in the ETF.Best Stocks of SPYChevron is one of the largest publicly traded oil and gas companies in the world, with operations that span almost every corner of the globe. The stock has soared 23.4% so far this year and accounts for a 3.4% share in the ETF.Chevron has an estimated earnings growth rate of 125.9% for this year. It has a Zacks Rank #2 and VGM Score of A. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.Merck operates as a healthcare company worldwide. It makes up for a 1.9% share in the fund’s basket and gained 13.2% so far this year.Merck has an estimated earnings growth rate of 21.8% for this year. The stock carries a Zacks Rank #3 and has a VGM Score of A.UnitedHealth provides a wide range of health care products and services, such as health maintenance organizations, point of service plans, preferred provider organizations, and managed fee-for-service programs. The stock is up 2.3% this year and accounts for 11.4% in the fund’s basket.UnitedHealth has an estimated earnings growth rate of 14.9% for this year and a Zacks Rank #3. It carries a solid VGM Score of B (read: 5 Defensive ETFs to Play as Recession Fears Grow).Amgen is one of the biggest biotech companies in the world, with a strong presence in the oncology/hematology, cardiovascular disease, neuroscience, inflammation, bone health and nephrology and neuroscience markets. The stock has gained about 1% and accounts for 5% in the fund’s basket.Amgen is expected to see earnings growth of 2% for this year and has a Zacks Rank #3. It has a solid VGM Score of B. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report Merck & Co., Inc. (MRK): Free Stock Analysis Report Amgen Inc. (AMGN): Free Stock Analysis Report SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 26th, 2022

Why Harley-Davidson (HOG) is a Top Value Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. 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.It also includes access to 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.Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.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 ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankThe Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.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.This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.That's where the Style Scores come in.You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Harley-Davidson (HOG)Milwaukee, WI-based Harley-Davidson, Inc. is one of the leading motorcycle makers of the world. It is the parent entity of company groups doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The two reportable segments of the company are:HOG 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 8.29; value investors should take notice.For fiscal 2022, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.41 to $4.53 per share. HOG boasts an average earnings surprise of 49.5%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, HOG should be on investors' short list. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HarleyDavidson, Inc. (HOG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 26th, 2022

Why UnitedHealth Group (UNH) is a Top Value Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. 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.It also includes access to 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.Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.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 ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankThe Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.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.This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.That's where the Style Scores come in.You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: UnitedHealth Group (UNH)UnitedHealth Group, Inc. provides a wide range of health care products and services, such as health maintenance organizations (HMOs), point of service plans (POS), preferred provider organizations (PPOs), and managed fee-for-service programs.UNH is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 23.49; value investors should take notice.For fiscal 2022, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $21.86 per share. UNH boasts an average earnings surprise of 3.7%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, UNH should be on investors' short list. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 26th, 2022

Beacon Roofing Supply (BECN) is a Top-Ranked Growth Stock: Should You Buy?

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.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 includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.How Style Scores Work with the Zacks RankThe Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.That's where the Style Scores come in.To 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.The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.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: Beacon Roofing Supply (BECN)Incorporated on Aug 22, 1997, Beacon Roofing Supply is the largest publicly-traded distributor of residential and non-residential roofing materials, along with complementary building products in the United States and Canada. The company is one of the oldest and most recognized distributors in the industry. Beacon purchases products from a large number of manufacturers and then distributes these goods to customers including contractors, home builders, retailers as well as building materials suppliers.BECN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.Additionally, the company could be a top pick for growth investors. BECN has a Growth Style Score of A, forecasting year-over-year earnings growth of 43.7% for the current fiscal year.Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.32 to $6.94 per share. BECN also boasts an average earnings surprise of 23.3%.With a solid Zacks Rank and top-tier Growth and VGM Style Scores, BECN should be on investors' short list. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 26th, 2022

4 Top-Ranked Defensive Stocks to Buy Amid Market Swings

Here we mention four defensive stocks, namely Corteva (CTVA), Atmos Energy, National Fuel Gas Company and McKesson with strong prospects to beat the market whims. The investor sentiment has been pushed to the bear territory since the beginning of 2022 due to the continuous downfall of the U.S. equity market.In the year-to-date period, the Nasdaq composite, the S&P 500 and the Dow Jones Industrial Average have been down 30.5%, 22.5% and 18.6%, respectively.On Friday, Sep 23, 2022, the Dow dipped 1.6%, its lowest close since November 2020. The S&P 500 and Nasdaq slid 1.7% and 1.8% each. Moreover, the three indices plummeted for a second consecutive week.Factors Behind Bearish SentimentThe prevailing pessimism is attributed to the growing geopolitical tensions, including Russia’s invasion of Ukraine and the China-Taiwan conflict, which escalated global sanctions and energy crisis in the European Union.The coronavirus pandemic-induced supply-chain constraints, a spike in the COVID-19 cases in China and the resultant strict lockdowns are other downtrends.Most importantly, rising inflationary woes and the resulting interest rate hikes by the Federal Reserve are major headwinds.To achieve its target of 2% inflation rate, the Fed again announced a 0.75% rate hike on Sep 21, 2022. This marks the fifth rate increase this year and the third consecutive jump of 75 basis points. The annual interest rate is marked at 8.3% for the 12 months ended August 2022, according to the U.S. Labor Department data published on Sep 13, 2022.The constant surge in interest rates will continue to increase the cost of borrowing, which in turn, will bear a negative impact on consumer spending. It will also cause a higher unemployment rate and thus slow down economic growth. Notably, the United States recorded two successive quarters of downslide.Safe Investment to Stay AfloatGiven the current turmoil in the market and the growing fears of an incoming recession, investors are panicking to continue investing in the market. Does it mean that there are no sectors to invest in amid this market volatility?To stay safe and avail returns in this unpredictable market condition, investors can pump their resources into the defensive sectors like consumer staples, utilities and health care.These sectors comprise companies providing necessary products and services, which consumers will continue to access even during an unprecedented economic turmoil.Stocks catering to the defensive sectors are less likely to get affected by the economic turbulence and will thus remain a suitable choice for stable earnings.Defensive stocks also tend to offer high dividend yields, and cater to capital preservation and income generation, thereby emerging as solid picks for investors to diversify their portfolio.Our Top Stock SuggestionsWe recommend four defensive stocks as these are less sensitive to take a hit from an economic downturn. Apart from strong fundamentals, these stocks have a Zacks Rank #2 (Buy) and a Growth Score of A or B. Moreover, these companies are regular dividend payers. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The following chart shows the price performance of our four picks in the year-to-date period.Image Source: Zacks Investment ResearchMcKesson Corporation MCK is a healthcare services and information technology company. Its strong position in the pharmaceutical and medical supplies distribution market is noteworthy. MCK played a crucial role in COVID-response efforts in the United States and abroad via the distribution of vaccines, ancillary supply kits and COVID-19 tests.McKesson has an expected earnings growth rate of 3.1% for the current year. Its board approved a quarterly dividend of 54 cents per share, payable Oct 3, 2022. The declared dividend is a 15% hike from the prior quarter’s figure. MCK has a current dividend yield of 0.6%.Currently, MCK has a Growth Score of B. The long-term earnings growth rate for the stock is presently projected at 10.1%. Shares of McKesson have returned 38.1% in the year-to-date period.Corteva CTVA supplies products to the agricultural input industry, which protects from weeds, insects and other pests, and diseases, thereby enhancing crop health. CTVA’s recent partnership with BASF Agricultural Solutions to develop future herbicide-tolerant soybeans for farmers in North America and beyond remains a positive.CTVA has an expected earnings growth rate of 20.5% for the current year. Corteva’s board of directors paid out a quarterly dividend of 15 cents per share on Sep 15, 2022, reflecting an annual spike of 7.4% from its previous quarterly dividend. Corteva has a current dividend yield of 1%. At present, Corteva has a Growth Score of A. The long-term earnings growth rate for the stock is currently projected at 15.8%. CTVA has returned 22.5% in the year-to-date period.Atmos Energy ATO is one of the United States’ largest natural gas-only distributors, serving about three million natural gas distribution customers in more than 1,400 communities in nine states. ATO continues to benefit from rising demand, courtesy of a strong customer base. Its investment plan of $13-$14 billion for the fiscal 2022-2026 period will help increase the reliability of pipelines. Returns within a year of capital investment continue to boost ATO’s performance and allow it to pay regular dividends. Atmos Energy has enough liquidity to meet obligations.Atmos Energy has an expected earnings growth rate of 8.9% for the current year. ATO paid out a quarterly dividend of 68 cents per share for its common stock on Jun 6, 2022. ATO has a current dividend yield of 2.4%.ATO flaunts a Growth Score of B. The long-term earnings growth rate for the stock is currently projected at 7.5%. Atmos Energy has returned 6.5% on a year-to-date basis.National Fuel Gas Company NFG is an integrated energy player with a presence across the natural gas value chain through upstream, midstream and downstream activities. NFG’s systematic investment will help strengthen its natural gas and oil operations, and reduce greenhouse gas emissions. NFG further aims to expand its pipeline transportation and distribution business by investing more than $500 million over the next five years.NFG has an expected earnings growth rate of 39.9% for the current year. Its board members recently approved a quarterly dividend of 47.5 cents per share, payable Oct 14, 2022. National Fuel Gas has a current dividend yield of 2.9%.NFG also carries a Growth Score of B at present. The long-term earnings growth rate for the stock is currently projected at 13.6%. National Fuel Gas has gained 1% on a year-to-date basis. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report McKesson Corporation (MCK): Free Stock Analysis Report Atmos Energy Corporation (ATO): Free Stock Analysis Report National Fuel Gas Company (NFG): Free Stock Analysis Report Corteva, Inc. (CTVA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 26th, 2022

Transcript: Steve Case

   The transcript from this week’s, MiB: Steve Case on AOL, Startups & Venture, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters… Read More The post Transcript: Steve Case appeared first on The Big Picture.    The transcript from this week’s, MiB: Steve Case on AOL, Startups & Venture, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, what can I say, another great conversation with an extra special guest, Steve Case really is legendary in everything from putting America Online, full pun intended, to being the first Internet company to go public, the largest merger in history with AOL-Time Warner, and you would think that’s enough of a resume, but he didn’t stop there. He basically set up a foundation, joined The Giving Pledge, and became very active in both policy and entrepreneurship. Revolution is the outgrowth of his family office that does everything from seed to venture, to growth investing. He was instrumental in getting a number of very positive policy actions passed over the past decade. And now, he is taking his act on the road and revealing too much of America, how much energy and entrepreneurship there is, away from the big money centers like New York and San Francisco, in the heartland of America. And his new book, “Rise of the Rest,” describes that experience. I found this conversation to be fascinating. And if you are at all interested in technology, venture, startups, entrepreneurship, I suspect you will also. So with no further ado, my conversation with Steve Case. I’ve interviewed a number of people from Revolution. I’ve spoken to your wife about the Case Foundation. But let’s talk about your background. Your entrepreneurial career really begins in 1985 when you co-found America Online, which turned out to be the first Internet company to go public. Tell us a little bit about the founding of AOL. Where did this idea come from? And what was that experience like? STEVE CASE, CHAIRMAN AND CEO OF REVOLUTION: Well, it was an interesting journey. I actually stumbled onto the idea the Internet in 1979, 1980. RITHOLTZ: Really? CASE: I was a senior in college. I was hearing about these things called videotex and teletext, interactive TV, and the thing, and Minitel in France and Prestel in U.K. All these interactive services, I was really intrigued. And I read a book by Alvin Toffler, the futurist, called The Third Wave, and he basically was talking about this coming kind of electronic frontier or electronic cottage. I was smitten. I was mesmerized. So I knew I wanted to do that. But when I graduated from college in 1980, there were no Internet companies to go to work for because it’s so was more of an idea. And venture capitalists back then weren’t backing, you know, 21-year-olds coming out of college. So I decided to work for some big companies for Procter and Gamble and then PepsiCo, then moved to the Washington DC area to join a startup that failed. But thankfully, two of the people I met there, Jim Kimsey, and Marc Seriff, and I co-founded America Online in 1985. And back then, only 3% of people were online, and those 3% were only on an hour a week. So it’s still pretty early days in terms of the Internet, but really believed that someday the Internet would be, you know, pervasive, that it would be a mainstream phenomenon. And we set out to try to get America Online. RITHOLTZ: Yeah. This Internet thing is going to be big one day. I think you were early in that assessment. So I was going to ask you why something so fundamental blocking and tackling its access. But really, the answer is there was no access back then, or other than mainframes at universities and the Department of Defense, very few people in the real world had an Internet. CASE: Well, actually when we started in 1985, it was — the Internet was restricted to government agencies and educational institutions. RITHOLTZ: Wow. CASE: Actually, it was illegal for businesses or consumers to be on the Internet in 1985. A few years later, Congress passed the Telecom Act to commercialize the Internet. So when we were getting started, we had to create sort of this parallel world, our own kind of email systems around, you know, kind of servers because we couldn’t connect to the Internet. But we knew it was only a matter of time before those worlds would blur together and merge together. And in our early days, we really just tried to figure out like many startups get noticed to stay alive. It was, frankly, harder because we were in the Northern Virginia area, outside of Washington, DC. There was no venture capital, you know, there. We had to raise money from other places. People were reluctant to leave a big company and go to a small company. So a lot of challenges that we faced. Frankly, it helps inspire some of the work we’re now doing with “Rise of the Rest,” how do we back entrepreneurs in places outside of Silicon Valley. I think my own experience building AOL in one of those forgotten places, left behind places, that people don’t think of a startup, you know, kind of hubs, kind of helped inform some of that work. And it took us a while. Eventually, in the mid-90s, the Internet became more of a mainstream phenomenon, hit a tipping point. But for the better part of a decade, it was a struggle. A couple of times, we almost, you know, hit the wall, had to go through some layoffs. It was not obvious to most people that the Internet would ever be something more than a niche kind of hobbyist kind of phenomenon. Even when it went public, it was in 1992. You know, we raised a whopping $10 million in our IPO. The value of that company that day was $70 million. Basically, nobody knew or cared what we were doing. Nobody really was that interested at that time in the Internet. We’ve been at it for coming on a decade, had only a couple 100,000 customers. But thankfully, the next decade, things really accelerated in terms of the growth of the company and growth in the valuation, things like that. But it’s also I think, a lesson for me, I try to carry into the work we now do with Revolution, that sometimes revolutions happen in evolutionary ways. It’s not an overnight success. There’s a slog before finally you build some momentum. And that was my experience with AOL. The first decade was hard and slow. The second decade, really, things really took off. RITHOLTZ: So was DC just a coincidence of where you happen to be located, or was that lack of legislative permission, part of the reason you had to locate close to Congress and push that forward, so they basically allowed the rest of us to get online? CASE: Now, the reason I moved to DC was more of an accident. There was an interesting company, or I thought was an interesting company. They joined in 1983. They had a service called Gameline. And at that time, you may recall this, some of your listeners may not, but very few people had home computers, but a lot of people had Atari game machines. And so the idea of this product was you plug the game cartridge, they had a communications capability, a modem built in, and you could download video games, almost like having an in-home arcade, like a Netflix for video. RITHOLTZ: So it’s a modem and a storage device? CASE: Yeah, it looked like a game cared too. But, yeah, so you had a phone connection. And so I thought this was a great way to kind of enter that world that I’ve been reading about and wanting to get into. But unfortunately, just as the product came to market, the whole Atari game market blew up, and retailers didn’t want any new products. And suddenly, things were looking pretty, pretty, pretty desperate. So that — but that’s why I moved to the area. And then because I was already there and these two people I mentioned were also part of that company, you know, the three of us kind of co-founded America Online, brought some of the team from that previous company with us. So it was accidental to be there. But it turned out to be an advantage because, as you say, one of the things that we had to spend a lot of time in the early days of the Internet was public policy, you know, getting the regulations right, commercializing Internet, getting things right for e-commerce, trying to keep the Internet safe for kids, things like that. And being in the Washington DC area proved to be important. And frankly, it’s proven to be important again now as we’re investing, because policy is becoming much more of a front and center issue for more and more companies. And health tech, sports tech, food and again, these are sectors where there’s some regulations, and entrepreneurs need to understand that, investors need to understand that. So I think we kind of have a little bit of home court advantage being located in Washington, DC, and having a front row seat in terms of understanding how Congress works. And you know, things happen, which I think bodes well, for this next phase of innovation, where policy is much more central. RITHOLTZ: We’re definitely going to talk about the JOBS Act and some of the public service you’ve done. But I want to stick with AOL as the first Internet company to go public, subsequently runs up 11,616%, not too shabby. Tell us what your experience was like being at the helm of a company as it went public. CASE: Well, the early days were still a little slow. But then, finally, in ’95, ’96, ‘97, things really took off and our growth dramatically accelerated. It went from a couple hundred customers to, you know, tens of millions of customers. That market cap I mentioned, when we went public of $70 million at peak. Eight years later, it was $160 billion. So it really was quite a ride. And we went from having less than two employees when we went public, till eight years later, having 10,000 employees. And then we merged with Time Warner so there were 90,000 employees. So it was quite, you know, kind of a rocket ship. And I recognized as the company was scaling. I as the leader or as the CEO, needed to constantly rethink what my job should be, what I should focus on, constantly rejigger things with the team, building the team for the business we’d have a couple of years from now, and not from the business we had today, or certainly a business we had in the past. So it was a rapid pace of learning a lot in terms of being a public company growing so rapidly. And also I recognized because AOL was sort of the time of the leader in the United States, that I had a role to play in not just running a company, but being sort of an evangelist for the medium and advocate for the medium, and try to weigh in on policy issues, to try to make sure that, you know, the Internet really had a chance to flourish. RITHOLTZ: You mentioned the AOL-Time Warner merger, at that time, it was the largest merger in history. And somehow you guys, AOL shareholders, ended up with the majority of the stock, even though Time Warner was arguably a much larger, more established company. What was that process like of negotiations? Did you approach them? Did they come to you? Tell us how that came about. CASE: Well, it came about because AOL had been growing rapidly and was a leader in what was then called the dial-up era, the narrowband era, where you were connecting your computers to phone lines. But we needed a path to broadband, and the best path was cable system, which had high speed access. And so strategically, there was a real value in merging with Time Warner. We also believed as the Internet evolved, and you had higher speed, you’d have more multimedia content and having some of the brands at Warner Brothers Studios and Warner Music, and CNN, and HBO, and so forth, all part of this company would advantage us. And similarly, Time Warner is a great company, been built through acquisitions over more than half a century. But they didn’t really have a viable path to digital. They were trying a bunch of things, none of them worked out particularly well. So we both had a strategic need to come together. And also, frankly, from an AOL standpoint, or representing our shareholders, we recognize there was some value in diversification. Our stock had run up quite significantly and owning a share of a business that had a more diversified mix of things would make sense. So I did approach Gerry Levin who was the CEO of Time Warner at that time, and basically said, “Strategically, I think it makes a lot of sense if we put these companies together. We have an opportunity to really kind of lead in the future, and in a lot of different ways, streaming and so forth. And within the first minute or two of my little pitch, I said, “I’d be willing to step aside as CEO to allow you to be CEO of the combined company because I believe in this idea.” That’s what happened. Eventually, it took us a little while to put a deal together. But we didn’t finally — it took a while to get it approved, but finally did get approved, and I did step down as CEO. RITHOLTZ: So there’s a theme I keep noticing, and lots of the things you’ve done, whether it was AOL, or the Time Warner merger, and we’ll talk about Revolution in a bit. But everything you seem to do seems to be both innovative and highly disruptive. Is this by design? Was that just a happy accident? CASE: We kind of say that. I like to — and like a lot of entrepreneurs, do pick battles worth fighting, kind of mountains worth climbing, you know. But it’s easy. It’s not that interesting. RITHOLTZ: Right. CASE: And in fact, what I get motivated by and again this is true with many entrepreneurs, if somebody says it can’t be done, I’d say, “Okay. Well, you know, game on. We’re going to try that. RITHOLTZ: Hold an idea. CASE: Yeah. I — the early days, the Internet, people said it can’t be done. The Internet was never going to be a mainstream phenomenon. A decade ago, when we started working on “Rise of the Rest” and said innovation is going to happen all over the country, not just in Silicon Valley, most people thought it was kind of laughable. They didn’t think that was really likely to happen. Now, thankfully, some of those views are changing. But I think picking those challenges that really I think have a positive impact in the world, and even though they are hard, and in most cases, maybe in all cases, take 10, 20 years to achieve your goal. Those are the — you know, the battles I like fighting, RITHOLTZ: Really quite, quite intriguing. So let’s talk about Revolution. What is it? How did it begin? When did it start? CASE: Well, it began a few years after I stepped down as CEO of AOL, and I was trying to figure out what my next act was going to be. And rather than start a company again, I thought I’d start an investment firm that could back the next generation of entrepreneurs. Initially, it was started in 2005 and it was called Revolution, but it was just my capital. A little over a decade ago, we decided to open up to outside capital. So we have institutional investors across the platform now. We have kind of three basic groups. One is Revolution Growth, which was our later stage fund. We also have Revolution Ventures. And more recently, about five years ago, we launched The Rise of the Rest Seed Fund. So now we’re able to back entrepreneurs at every stage of their journey, whether it’s really just — really early stage, where they just need a seed funding, whether it’s that next phase where they’re starting to grow and need venture funding, or if they’re really starting to scale and need growth funding. That’s really what Revolution is about. And the other two things that make it I think interesting versus maybe other firms in the country. We talked about a little bit of those earlier, but because we’re based in Washington, DC, and because we’ve been working on policy issues for nearly four decades, we think the next wave of innovation policy is going to be front and center. And in Revolution, we’re trying to position as the leading investment firm in the country that’s focused on policy. And the second is I think we’ve been unusually focused on place. With “The Rise of the Rest,” we’ve now made 200 investments, 100 different cities. We’ve done these bus tours all across the country. And even the reason I wrote the book on “Rise of the Rest” is there’s remarkable things happening all over the country, remarkable new companies being built, cities being renewed and revitalized. But most people aren’t paying attention to it, and I really wanted to tell those stories. And that’s been a growing focus of Revolution. So as an investment firm, with outside investors at the seed venture and growth stage, but with particular focus on policy and on place. RITHOLTZ: And we’re going to talk about place in a moment. But just to put this in a little context, Revolution has already had some big successes. Sweetgreen, obviously a big hit, DraftKings, another one. Do those date back to when it was a family office, or was that seed or venture-type investments? CASE: Those are both growth stage investments. So we were the first institutional investor in Sweetgreen, probably seven or eight years ago; at DraftKings, probably five or six years ago; also Clear, the biometric company you see in a lot of the airports. RITHOLTZ: I love them. I just flew out JFK. They’re the best. CASE: Yeah. Recently, more recently, a company in Chicago called Tempus, it got a big data precision medicine to help people who are diagnosed with cancer. RITHOLTZ: So you’re DC based, which has to give you a slightly different perspec.....»»

Category: blogSource: TheBigPictureSep 26th, 2022

Tchir: Braking, Breaking, Broken, Broke

Tchir: Braking, Breaking, Broken, Broke Authored by Peter Tchir via Academy Securities, I’m incredibly worried about the state of the economy, markets, and geopolitics (please see Putin’s Speech SITREP). With football season in full swing, maybe we will get a “bend but doesn’t break” type of market. Sentiment survey’s like AAII are sending some contrarian signals. That survey (which was published on Wednesday and presumably did not fully include the impact of the FOMC meeting) had bulls at a measly 17.7% and hit a yearly high of 60.9% of respondents being bearish. The CNN Fear & Greed index nudged back to extreme fear, but at a rating of 24, there is room for more fear (coincidentally, the index had the same reading this time last year before the S&P 500 rallied 10% into year-end). But enough of looking at the “bright” side of things. Let’s move on to things that are braking, breaking, or even broken (hopefully not driving us broke). Where To Start? There are so many places to start and it is difficult to pick just one. We should probably start with FX since the moves there are starting to pit country against country, but we’ll start with rates because it is almost as important, just as broken, and more natural for us. Rates Once markets had time to digest Powell’s speech, there was a moment where rates reacted logically. The front-end shot higher (with one ugly looking gap up and down), while the long-end rebounded. We’ve seen this reaction before. The Fed is going to hike more, so the front-end is forced to move higher, but the back-end gets nervous (rightfully so) that the hikes will put the brakes on the economy and ultimately we will have lower growth in the future. On Wednesday, mortgage bonds outperformed as markets liked the Fed’s commitment not to sell MBS as part of quantitative tightening (How & Why The Fed Should Tweak QT). But by Thursday, all hell had started to break loose in the bond markets. Every bond yield (across the globe) was shooting higher. One theory was that Japan was selling Treasuries to fund their intervention. Maybe we should have even started with FX because interventions could become a common occurrence in the coming weeks. Whether Japan was selling bonds or not, it captured the market’s attention. It also served as a reminder that China has been reducing their holdings of U.S. Treasuries according to the latest TIC data (from $1.07 trillion at the start of the year, down to $0.97 trillion as of the end of July). Investors are forced to wait until the middle of October to figure out what China did in August (nothing like real-time data). With tensions between the U.S. and China remaining elevated and obvious problems in the Chinese economy, it seems reasonable to expect this trend to continue. The real problem, though, for global bond markets was the UK and their Gilts! The 10-year Gilt finished the week up almost 70 bps! (3.14% to 3.83%). The 2-day move, on Thursday and Friday, was 51 bps! To put that in perspective, the only time the 10-year Gilt had a bigger 2-day move was in March of 2009 when yields dropped by 58 bps. The recent move was bigger than moves that occurred during the dot.com bust, almost the entire Great Financial Crisis, the European Debt Crisis, Brexit, and Covid! Just a shockingly large move that dragged global bond markets with it. This little statement from the September 2021 FOMC Statement is worth re-visiting. If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted. These asset purchases help foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses. At the time, the U.S. was still buying $80 billion a month of Treasuries and $40 billion of MBS. Apparently, we no longer need to worry about “smooth market functioning” which I guess is good, because we don’t have smoothly functioning bond markets. Central bankers should re-visit quantitative easing and treat it like a nuclear weapon (rather than a pea shooter). But we digress. Volatility One outlier in recent moves is the VIX. The MOVE index, a measure of Treasury market volatility, is high and is climbing again towards Covid levels. The implied volatility on DXY (a dollar index) is rising and is the highest it has been since Covid. Yet, for all that, the VIX remains subdued at just under 30. Is that a sign of health in equities, that investors are behaving calmly, or a sign that we haven’t seen capitulation yet? Train Wreck Waiting to Happen? With the VIX not at levels that reflect extreme fear, the behavior of “risky” ETFs continues to be intriguing. TQQQ had over $250 million of in-flows on Friday and probably around $1 billion since September 13th. Not “bad” for a fund that is down 34% for the past month and 74% for the year. The fact that investors are still piling into triple leveraged ETFs as so many individual stock charts seem to be breaking down is either courageous or a recipe for disaster. ARKK had more muted inflows, while SQQQ saw profit taking. Bitcoin keeps managing to claw back to about $19,000. Given what is going on with stocks, commodities, and bond yields, that is impressive. Though, with FX markets experiencing volatility and considering the interventions, the case to own something other than “fiat currency” does seem more credible. I’m still betting that we break $10,000 before the year is done in crypto. FX The Chinese Yuan is well above 7 and continues to weaken reflecting their economic problems. The Euro is well below 1 (closing at 96.9) as the populace braces for power rationing. The Pound is collapsing and was 1.35 at the start of the year and was 1.09 on Friday. Hearing lots of chatter about possible intervention, which is par for the course when it is easier to play with markets than question potential policy mistakes (like massive tax breaks). The Yen is no longer a “safe haven”. The intervention may have slowed down the decline, but so long as the Bank of Japan remains on easy street while other central banks are hiking, those attempts are likely to be futile (at least until positioning against the Yen becomes too one-sided). I think that the relative strength of the Mexican peso (compared to so many other currencies versus the dollar) is interesting and is indicative of a shift away from China (and Asia Pacific) to Mexico and Latin America for investors and companies. Central bankers who seemed to “get the joke” this time around also helped on a relative basis. This plays into our longer-term theme on how businesses and the global economy will develop, but that theme will take years in a market that for the moment seems to be thinking in terms of days and even hours. Historically, companies (and markets) struggle with such large shifts in FX rates. Policies that make countries more or less competitive often take years to succeed (or fail). With FX moves occurring at this speed, we will likely see some cracks and exposures. It doesn’t bode well for earnings in dollars. Commodities WTI is up 8.8% from November 2021 and is lower than at any time since January 2022. Gasoline prices continue to decline and the futures contracts out the curve are even lower. Remember when lumber prices were daily news? Where “clever” social media users would send around pictures of 2x4s as a symbol of wealth? Well, the front contract at 435 is back to where it was in early 2020 (down 74% from its 2021 high and down 70% from its 2022 high). It’s an illiquid and thinly traded market, but it felt like an appropriate time to mention it. Gold continues to decline and is 20% off its high of the year and is back to early 2020 levels. Given that crypto seems to be hanging in there and is slightly off its lows, it is curious that gold keeps leaking. Geopolitical tensions are high which should help gold, but with central bankers giving investors “real yields”, maybe the “barbarous relic” is in trouble? Gold could be an interesting way to play the possible rise of India, which has been another main theme here at Academy, but that is a story for another day. DBC, a commodity ETF, is down 10% on the month and off 12.5% in the past 3 months (while still up 16% year to date). The market seems to be shifting rapidly from viewing lower commodity prices as a sign that inflation is waning to a sign that the recession may already be here! Bottom Line There is limited evidence that the Fed has “slammed” the brakes on the economy. We can go back to debating jobs – Establishment versus Household or the fact that in the last report the data from 2 months ago was ratcheted down significantly. We can also point out that consumer spending saw the prior month’s data revised lower and try to forget that with high inflation, spending the same isn’t that much of an achievement. We can ignore the roll over in home prices, the increase in auto loan delinquencies, and the difficulties in commercial real estate where higher yields create a greater urgency in ending the WFH trend. Heck, we can even pretend that sub-50 PMI prints are “good” as they did beat expectations (the Citi Economic Surprise Index is slightly positive indicating that data has been beating expectations, but I think that the trend of downward revisions offsets that). Finally, the wealth effect must be a concern! This year in general (and the past few weeks) have given us nowhere to hide. So called 60/40 funds, a bellwether strategy for individuals, are down 17% to 23% depending on the mix/index. They’ve been trounced, down 10% or so in the past month. More sophisticated risk parity strategies have also struggled of late. Crypto has not been good for investors this year. The Nasdaq 100 is still above the lows, but I’m told that the charts for many individual stocks are precarious. ARKK, as representative of disruptive stocks, is near its lows. Wealth destruction has been immense and is ongoing. A very good chartist, who has caught many of the large moves this year, is looking at 3,200 on the S&P on this down leg. That would be problematic. Rates (particularly U.S. rates) seem far too high. I don’t see the economic data being good enough to support the current assumptions on Fed hikes. Yes, there are some nice union contracts being signed and wage gains are being made, but overall, company after company seem to be leaning towards belt tightening rather than spending and the Fed’s message this past week will only accelerate that trend. Apparently, that is what the Fed wants, but this feels like a case of “be careful of what you wish for”. Markets are plagued by the lack of liquidity, potential selling by foreigners and sovereigns, and the mixed policy signals (talking tough on inflation but handing out money to “fight” inflation seems to be the norm, which is confusing). Equities seem too complacent. Yields are at the highs of the year. FX volatility is real and problematic. VIX and some aggressive fund flows don’t signal capitulation. Yes, stocks are cheap compared to where they were a year ago, but are they cheap to where they were in 2019? Are they cheap given the global uncertainty and restrictive monetary policy? In a world where central banks are shrinking their balance sheets (QT), we will face headwinds as markets are forced to absorb what the central banks once owned. Is the market pricing in QT or Stagflation? With commodity prices declining, we may be at risk of underestimating the impact of QT. Finally, what about private equity? That was a major source of cash raising for companies who in turn spent that money. There must be some cracks there that will weigh on the economy and markets! There is a lot of fear in the market. Sentiment is awful. Is the Fed put truly dead? Will every Fed speaker stay on point, or will some deliver the hope of a pivot especially if the data is weak? Credit is about right. Riskier credit (high yield and leveraged loans) is weak and testing or breaking to new lows. Investment Grade, while wider, is holding in reasonably well (if you watch the CDS indices, don’t forget that the 20th was a roll day to a new index, which added about 10 bps, making last week’s performance misleading). The market remains open for new issue as well. Be very small on risk, utilize options, and watch credit markets! Liquidity is awful. Narratives and correlations are shifting rapidly! Tyler Durden Mon, 09/26/2022 - 09:05.....»»

Category: blogSource: zerohedgeSep 26th, 2022

Barclays Requiring Investment Bankers To Return To Office "At Least" Four Days A Week

Barclays Requiring Investment Bankers To Return To Office "At Least" Four Days A Week Barclays has been the latest investment bank falling in line with the others and requiring its investment bankers, who have been working from home since the pandemic, to return to the office for "at least" four days a week. The bank has been telling its employees that "worsening market conditions mean a greater need for in-person collaboration," Bloomberg reported this week.  The company is implementing the new policy effective October 3. It'll expect that its principle dealmakers are in the office from Monday through Thursday, according to a memo sent to staff and reviewed by Bloomberg. The memo, written by the Investment Banking Management Team, says: “This approach will provide for all of us a more optimal environment in which we can collaborate on compelling client pitches and execution of live deals.” The memo stresses that the move is crucial in “tougher market environments like the current part of the cycle where proactive engagement and thought-provoking content is most important for our clients.” The bank hasn't completely given up on its hybrid model, however. It has said that such a model can still be a "natural part" of how teams operate.  Recall, we wrote earlier this month that Goldman and Morgan Stanley were leading the push for a return to the office after the Labor Day holiday. Morgan Stanley ended all Covid testing and other monitoring/mitigation requirements on September 5.  A company-wide memo recommended that "all employees return to the office, barring certain individual health situations." Goldman Sachs "told workers it will no longer require vaccines, COVID testing or masks," the Post wrote. A bank memo to employees about a month ago read: “There is significantly less risk of severe illness. In line with [the CDC’s] updated protocols, if you have not been coming in to the office, please speak with your manager to ensure that you understand and adhere to your division’s current return to office expectations.” Wells Fargo bank analyst Mike Mayo told The Post: “This is another way of Goldman Sachs saying, ‘School’s in session and we want you in person’ after Labor Day. Goldman is the ultimate customer-facing firm and it’s tough to face customers remotely.” “We continue to make steady progress bringing our people together in the office, which is core to Goldman Sachs apprenticeship culture and client-centric business,” a Goldman spokesperson said, echoing the comments out of Barclays.  Tyler Durden Mon, 09/26/2022 - 09:25.....»»

Category: blogSource: zerohedgeSep 26th, 2022

A Gen Z cashier making $13 an hour says she "acts her wage" to protect her mental health: "This is not the sum total of your entire life. This is literally just a job."

"It's not giving up, it's not not doing the work. It's just understanding that this is the work I was hired to do," Claire, 22, told Insider. Claire (not pictured) makes $13 an hour as a cashier.andresr/Getty Images Claire, a 22-year-old cashier, does the job she was hired to do — nothing more, nothing less. More people are embracing "acting their wage" by not doing work outside their job description. She said that Gen Z has a different approach to work and more separation from employers. Claire, 22, is used to dealing with understaffing. The grocery-store cashier said that for her store to be fully staffed, it would probably need around 40 cashiers. When she joined last October, there were about 12 of them. "I was working six, seven days a week for months on end, because nobody seemed to be able to stick around," Claire, whose last name is known to Insider but withheld for fear of professional repercussions, told Insider. "I stuck around because I figured work is work and that's always been my mentality."But Claire is adamant about "acting her wage." She's watched cycle after cycle of the store being fully staffed, where workers feel "they can have a life outside this job," and then something happens to upset the balance, whether it's management changing workers' hours or a particularly demanding customer — and coworker after coworker walks out."If the job is something I can do and it's not taking from my life more than it gives — i.e., the money — then I can withstand fussy customers and strange management. I can brush all that off," she said. "I do understand there are times when a job is just not worth it."For Claire, who makes about $13 an hour in Texas, the job is still worth it. But that's because she acts her wage: She does what she's expected to do but doesn't take on more or stretch herself more than she needs to. It's another side of quiet quitting, and it's a practice that she thinks is especially important for Gen Z. "I have control over when I show up and when I leave," she said. "While I'm there, I'm going to try at least to do as I'm told, but I'm not going to do a 9 to 9."How Claire acts her wage For Claire, acting her wage is all about keeping her identity separate from work and not feeling the need to go above and beyond. "In my head, at least, no matter what your job, the job should not be all there is to you," Claire said. "This is not the sum total of your entire life. This is literally just a job."Especially with inflation rising — and getting paid so little that she hovers below the poverty line — Claire doesn't see any incentive to do more than is required to keep her job, something she also sees as intrinsic to acting her wage."I'm not interested in being the fan favorite. I'm not interested in 'going above and beyond.' Because when have I ever gone above and beyond at that store specifically, and it meant something to me at the end of the day?" she said. If she does extend herself, she'd like to have some type of reward for it. "When you don't get it time after time, why would I even try?" Claire said. "It's not giving up, it's not not doing the work. It's just understanding that this is the work I was hired to do."At the end of the day, Claire said, you need to think about how important you are to the business."You're not important to that business," she said, adding: "It's important insofar as the work gets done, but it doesn't really, in my experience, seem to matter to the employer who does that work just as long as it gets done."Why Gen Z is more inclined to act their wageAs a Gen Zer, Claire thinks that her generation approaches work differently than past generations. Her grandfather, for instance, had the mentality of giving your all — no matter what's going on with your personal life or in your own head. She said that created the idea of an "über-employee." With this mindset, she said, "it doesn't matter how you are doing — mental health, physical or medical health, problems at home, problems with friends, drama in life with other people. When you go to work, you put in 115% every day."But Gen Z is dealing with soaring inflation, an uncertain political environment, and things like the overturning of Roe v. Wade, Claire said."You put all of that together and you've got a young adult today who's like, 'I am a human being. I'm going to have days where my mental health takes priority, where my grandma, my other job, my whatever takes priority over this job,'" Claire said.People from other generations may feel the same way, but Gen Zers have shown they're more willing to push back. Quiet quitting and acting your wage isn't new, but the pushback and uproar over the term shows that employers are rattled by an increasingly emboldened workforce. "It's, in my experience, a greater separation from the employee to the employer than in years and years," Claire said. "Because we're, as a generation but also as a country, getting all of this information about how much we matter and all the different ways in which we can be healthy or not healthy."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2022

A 44-year-old mom of 3 made $735,000 last year from a reselling business she launched using just the clothes in her closet

Mona Mejia, 44, earned $735,000 last year selling clothes and goods on social media. Her husband quit his job to help with her thriving business. Mona Mejia Mona Mejia, 44, was a stay-at-home mom when she began reselling on Poshmark in 2015. She earned $735,000 last year selling on social media livestreams and through brand partnerships.  She's confident others can have similar success as well, but it doesn't happen overnight.  Before 2015, Mona Mejia's full-time job was taking care of her three children. Now, the 44-year-old Houston-based mom boasts an income of $735,000 last year, according to documents verified by Insider, selling new and used clothing, home goods, and toys on social media. She says she's never invested a single dollar out-of-pocket into her business. Starting with just the clothes in her closet, she later used her earnings to purchase additional inventory to sell at a markup. "When I talk about everything that we've gone through, I'm still shocked about it from where we came from to now," Mejia told Insider.Mejia is one of millions of Americans who are finding ways to make ends meet without relying on a traditional 9-to-5 office job. US workers filed over five million new business applications in 2021, the most since 2005. A 2021 Upwork study found that 59 million Americans — or 36% of the US workforce — had performed freelance work over the prior 12 months. Others, like Mejia, have found ways to start businesses of their own. While these lifestyles are not without their challenges, they've provided some Americans the opportunity to finally get ahead financially. Mona Mejia"Everything was selling really quickly"In 2015, Mejia's family was in need of additional income to supplement her husband's pay. It was a "really hard time," she said. "You don't know where you're going to eat."When her sister introduced her to the reseller platform Poshmark, she began selling a few items from her closet. She remembers her first sale — a dress — which sold for $36 after 11 hours. When she began listing more items, she noticed that "everything was selling really quickly" and real money was trickling in.Two years in, Mejia's husband had open heart surgery and wasn't able to work — the responsibility fell on her to support the family, and she took her efforts to another level. As Mejia branched out to other reselling platforms, she says the $100-200 she was earning per week turned into $1,000 — translating to nearly $50,000 in total earnings in her first year. It wasn't until roughly a year ago, however — when she started selling on livestreams through Instagram, TikTok, and Facebook, that her business really took off. While she earned $23,000 through Poshmark last year for example, she says social media is where the bulk of her income now comes from. Her husband's health has since improved, but rather than going back to his job, he now helps his wife keep up with her thriving business. Together, they now own a home that they've paid off in full and have sent two children to college without any student loans. Mona Mejia"The more you list, the more money you're going to make." After working through her closet, Mejia took her earnings and went to yard sales and clearance sections to look for bargain products she could buy and resell. That included clothes, shoes, home goods, kids items, accessories, jewelry — "pretty much everything." She's sold items for as low $15-20 to as high as $1,300-$1,400 for a Louis Vuitton or Chanel bag.While she still frequents yard sales and retail stores, the majority of her purchases are now bulk orders bought at a discounted price from various vendors. Mejia then lists most of her products at a roughly 40% off their market rate, or the price a customer would pay at a retail store for instance.  She says large discounts are typical on reselling platforms. She once paid $30 for a dress that sells for nearly $300 at Anthropologie. Despite discounting, she says she's able to maintain high levels of profitability by only selling items she bought at especially cheap rates.In a rare instance, however, she recalls making quite the profit on a pair of "flamingos and frogs" pants that she paid $1 for at a yard sale. "These are hideous but I'm going to try them," she thought. They sold for $100. Mejia doesn't think she has a particular talent for choosing what to sell, and that "the more you list, the more money you're going to make." "Everything sells," she said, adding that the shift to e-commerce when the pandemic began has fueled sales — which have risen 50% vs. pre-pandemic levels.Mona Mejia"I love it. It's an addiction to me."Mejia says she spends eight to ten hours doing the bulk of the work on her business, but really she is "working all day" and is on the clock "24/7."Early on, she recalls stuffing boxes in the corner of her dining room and kitchen in the family's one-bedroom apartment before they were shipped to customers. Now, they have a home with six-bedrooms, two of which — an "inventory" and "listing" room — are used to store future shipments. She lists at least 100 items each day, but it's the evenings — when customers tend to buy — that are especially busy. She says she stays up till 3:00 AM to ensure shipments get out the door — then wakes up at 7:30 to start the next day. "There's no stopping, but it's okay," she said. "I love it. It's an addiction to me."Mejia thinks anyone can find success as a reseller but emphasizes that it takes hard work and commitment — it took her seven years to get where she is now. A lot of people give up, she says, but perseverance can pay off. "A lot of people see where I'm at right now. And they're like, 'Oh, I want to do that right now,'" she said. "Yeah, it's going to happen eventually, but it's not just going to happen overnight. So I would say don't give up and just keep listing, keep sharing your closet, be consistent." Though her thousands of followers on social media are certainly helpful, she says "you really don't have to have a huge following to make money."Thanks to her selling success, Mejia says she has signed contracts with Torrid and Target, which pay her to wear and promote their clothing on social media. It's because of deals like these that she earned $735,000 last year.She plans to continue full steam ahead with her business as well. Sales have grown 30% over the last six months, and she has plans to open up a "pop-up" retail store of her own next January in Houston. She's planning to hire three employees in December to help out.  "We love what we do," she said, "and the only way to continue to grow is working." Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2022

"Quiet quitting" my toxic job gave me time back to start my own business. This is how I did it.

Georgia Gadsby March says she was expected to do up to 20 hours of overtime a week without fair compensation. "Quiet quitting" helped empower her. Georgia Gadsby March eventually left her toxic job in April 2021 after three months of "quiet quitting."Georgia Gadsby March Georgia Gadsby March spent about two years working up to 60 hours a week in a minimum-wage job. She "quiet quit" in the last three months to reclaim her power and set up a business in the process. Here's why she did it and how she got away with "quiet quitting," as told to Jyoti Mann. This as-told-to essay is based on a conversation with Georgia Gadsby March, co-founder and head of PR at Unearth PR, on "quiet quitting." The concept recently emerged on social media and it has been covered extensively by the mainstream press. It gained traction after Insider published a story on "coasting culture" in March. The following has been edited for length and clarity.I got a job as a marketing assistant at a retail company in 2019. It was advertised as an admin support role working with the head of marketing but I was given a lot more responsibility than the job advert described. I was tasked with managing millions of pounds worth of budgets and heading up massive communication strategies. I had the workload of someone in senior leadership. I was working hours and hours of overtime but only being paid a very modest salary. There was no thought to the workload, and I was given ridiculous KPIs and targets to hit. I felt like I had no choice but to do the tasks I was assigned and work overtime. On a lot of occasions, I would get a call from senior management at the weekends and while on vacation. It felt like this was an expectation of the role. It had a huge impact on the way I lived my life, especially when I was earning such a low salary and not being compensated correctly. I was barely able to pay my rent and bills. There was always this idea that if you work hard, you'll get a promotion or a pay rise, but those things never materialized. There was no opportunity to progress. It was a classic case of a toxic company taking advantage of people.I was told that the company didn't have the budget to compensate me for the additional hours and effort. So in February 2021, I felt I had to "quiet quit." It was either do that or keep working 60-hour weeks. It wasn't fair and I wasn't prepared to do it anymore. "Quiet quitting" was a way to take my power back. I was pretty open and direct about "quiet quitting." I told my manager that I couldn't continue working at that standard without being fairly compensated. They didn't really have a leg to stand on because companies can't force you to work over your contracted hours.When you "quiet quit," you're at that point where you just don't care anymore. For me, it meant spending half an hour in the break room and having a chat with colleagues. Other times, I would let the phone ring three or four times before I'd answer it."Quiet quitting" for three months gave me the time back to start my own business. I set up a business — a brand awareness agency — with my wife during that time.  The company I worked at threw me in at the deep end and I learned a lot. I put all that knowledge into starting my own business in April 2019. I took back my power and chose to make money for myself instead.  I was working less and they couldn't really say anything, but I received microaggressions from management about why I was leaving at 5 p.m. or being told I went for a long lunch when I was gone for an hour. I would take my time responding to emails or get back from my lunch break five minutes late. There's a saying in our industry that "it's PR, not ER" so it wasn't the end of the world when I was meeting the minimum requirements of the job.  It improved my mental health. "Quiet quitting" is really beneficial for workers that feel undervalued. It's not something I would recommend if you do want to have a lengthy career at a company and you want to be promoted.But it can be a way to establish healthy work-life boundaries, especially if you're working hard and are not rewarded through pay rises or promotions.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 24th, 2022

Hiding In Plain Sight: The Looming Health Care Cost Fight

Hiding In Plain Sight: The Looming Health Care Cost Fight Authored by Donald Trigg & Jarrett Lewis via RealClear Wire, In the 1992 campaign, the always colorful James Carville hung a sign in Bill Clinton’s Little Rock headquarters with three key messages. And if “It’s the Economy, Stupid” became the iconic election-cycle takeaway, Carville’s third dictate bears a 30th anniversary reminder: “Don’t Forget Health Care.”    The Conference Board’s closely watched gauge of consumer sentiment released on August 30th  found that consumer expectations for the next 6 months were 75.1. While the data showed month-over-month improvement, the index remained well below 80, suggesting as the Conference Board wrote last week that “a recession risk persists.” Rising inflation has been at the heart of declining consumer expectations. Over the course of election-year 2022, it also has been a tactical focus for both political parties ranging from the Democratic push to pass the Inflation Reduction Act earlier this month to a flood of Republican advertisements in key swing districts blaming President Biden and Congressional leaders for fueling inflation. If this political posturing is unsurprising, a surprising election-year consensus in both parties is: health care is only a modest concern for voters this fall. Nothing arguably tells that story more than the most recent CBS News survey. The nonpartisan poll conducted July 27-29 did not even ask voters about health care as a top issue. It was missing from the “most important issue facing the country” list altogether. But alas, as Carville admonished, “Don’t Forget Health Care.” Declining health care affordability will be a defining political issue this decade. It is hiding in plain sight —and very few in Washington are positioning to solve it. When asked specifically about health care costs, the saliency of the issue jumps from the page. A Pew Research Center survey in April found 55% believe “affordability of health care” is a very big problem – receiving a higher share than all other issues tested except for inflation. A Public Opinion Strategies (POS) survey in March found 52% believe “health insurance costs and coverage” is “extremely important” to determining which candidate to support this November. Beyond the Beltway, health care cost concerns have driven voters to act. Since 2017, six Republican states have expanded Medicaid through ballot initiatives. South Dakota is set to vote on expansion in November. Moreover, voter concerns on health care also have spurred legislative action. In 2019, Virginia legislators voted to approve Medicaid expansion; and efforts to expand coverage are afoot in North Carolina, with the state Senate voting overwhelmingly 44-2 in June in favor of expansion. The political opportunity for the party that effectively tackles the cost curve is a generational one. Leadership success is grounded in a single question that must be asked about every potential statute or regulatory rulemaking: does this change hold the promise to decrease costs for individuals and families? If you are on the right side of that question, you are working on solving the number one health care concern for voters. Importantly, as we look beyond the off-year election cycle, there is sound reason to believe health care costs will move materially higher. Health care pricing is typically a laggard. Government programs like Medicare are set on an annual basis. Commercial rates are tied to a plan or calendar year. As a result, increased costs elsewhere in the economy around things like labor costs and supplies have not yet been reflected in the health care pricing structure. As former Clinton Treasury Secretary Larry Summers wrote last month, “large nursing shortages, COVID burdens, deferred elective procedures and financial problems for hospitals” should set an expectation that medical inflation will accelerate going forward. Rising medical inflation will further challenge families already struggling with the cost of care. A Kaiser Family Foundation survey from March found 43% of Americans live in a household where someone has postponed receiving medical care over the past year due to cost. Two-thirds of Americans express concern that an illness or medical emergency in their family would force them into bankruptcy. The latter number alone represents more than 130 million voters. And yet, just 6% of voters across the country express confidence their member of Congress will take action to lower the cost of health care over the next 12 months. During the Clinton-era debate on health care reform, James Carville said, “I like being on the side of the health care consumer.” The individual is the decision-maker on issues of health and care, accelerated by the experience of Covid-19. Health care affordability is their great challenge. Neither Republicans nor Democrats can afford to forget that as they navigate the fall campaign. Donald Trigg is the CEO of apree health and co-author of ‘The New Health Economy: Ground Rules for Leaders’ (Georgetown University Press). Jarrett Lewis is a Partner at national opinion research firm Public Opinion Strategies (POS). Tyler Durden Fri, 09/23/2022 - 22:25.....»»

Category: smallbizSource: nytSep 24th, 2022

Costly Premiums, Staffing Shortages, And Unsatisfied Patients Are Only The Tip Of The Iceberg For America’s Eroding Healthcare System

The American healthcare system is eroding at a rapid pace, pushing workers and patients towards the abyss as a torrent of COVID-related issues continues to persist two years after the pandemic took hold of the country. With problems only worsening, Americans are feeling less and less satisfied with the current conditions of the healthcare system, […] The American healthcare system is eroding at a rapid pace, pushing workers and patients towards the abyss as a torrent of COVID-related issues continues to persist two years after the pandemic took hold of the country. With problems only worsening, Americans are feeling less and less satisfied with the current conditions of the healthcare system, a recent poll from The Associated Press-NORC Center for Public Affairs Research shows. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2022 hedge fund letters, conferences and more   In general, a majority of Americans are not completely satisfied with the conditions of the healthcare system. Included in the poll, access to basic care, treatment for older patients, and health care coverage are among the coveted issues that have left many Americans feeling dissatisfied with current conditions. The negative remarks come at a crucial time for the healthcare system, as droves of medical staff and employees have been quitting their jobs as ongoing scheduling problems and wage disputes only push employees towards higher rates of burnout. The pandemic, which only exacerbated the many underlying issues plaguing the healthcare system, stretching staff and other resources to their limits has seen the sector lose about 37,000 healthcare workers since February 2020. Employees are quitting en masse, and many more are initiating mass labor movements to help push private healthcare providers to offer better pay and staffing conditions. A recent three-day strike of roughly 15,000 private healthcare nurses in Minnesota was earmarked as one of the largest in American history. Nurses in Minneapolis and Duluth took to the streets, bearing the picket lines with slogans reading “Patients Before Profits.” The lack of quality healthcare and staffing issues are only a few of the alarms that have sent shockwaves across the sector in recent months. Costly Premiums Stubbornly high inflation rates have seen Americans paying more for basic goods and services this year, as the consumer price index (CPI) inflation hit a 40-year high of 9.1% in June 2022. Since then, inflation has been coming down, but August saw higher than expected inflation, with prices up 8.3% year on year. Although the CPI rate has consecutively come down from June, the last of such witnessed in the first half of 2020, higher prices have now spread throughout the medical sector, leaving private and public healthcare providers with no other option but to hike up premiums. The Affordable Care Act has been earmarked for a steady increase in premiums, as insurers in the ACA marketplace proposed an increase of 10%, some insurers have been more aggressive, proposing a 20% hike up on premiums. The sharp increase reflects the higher cost of medical tools and services, alongside growing labor costs. With more than 13.8 million people enrolled in ACA benefits and programs, the higher prices could see the majority of them paying out of pocket towards their premiums and medical costs. Although 13 million or so people will see their premiums go up throughout 2023, most of these increases could perhaps be cushioned by enhanced subsidies and ACA-related benefits. However, those that will be the hardest impacted by the steady premium hikes are small businesses, who have for the most part experienced major headwinds throughout the last few years as the changing economic cycle eats away at their profits. Recent figures revealed that the monthly increase of 0.8% in medical care services cost is the fastest and most aggressive jump since October 2019. The higher premiums would leave many employers having to decide whether it will be financially viable for their business to apply for ACA coverage in November this year. This could leave a majority of Americans in the dark, as roughly 54% of American employees make use of employer-sponsored healthcare insurance. But healthcare will for the most part always outpace inflation, because the system was designed that way, and has been working on this notion for decades without the government stepping in to bring on mass change or reform. Hospitals have reached a critical level Hospitals across the country have reached a critical level, leaving many medical facilities having to cut healthcare services or permanently close down. In a report published by the American Hospital Association (AHA), roughly 136 rural hospitals were closed between 2010 and 2021, with 19 closures in 2020 alone, the highest since the recording started. The majority of the hospital closures, around 74% thereof were due to ineffective Medicare expansion. The high rate at which hospitals and medical care facilities are shutting down services has only added salt to an already wounded industry. Physical closures aren’t the only problem that’s making healthcare more and more unattractive in America, but rather a lack of services and qualified professionals. Across the country, at least six major hospitals have in recent months either closed facilities or mentioned that they will be scaling back on available services due to a lack of staff. On June 15, Memorial Hospital of Carbon County in Rawlins, WY., closed its labor and delivery services due to insufficient availability of nurses. The hospital was spending roughly $100,000 per week on travel nurses. Since then, hospitals in Kemmerer, WY., Gallup, N.M., Maumee, OH, Williamston, N.C., and most recently on August 12, Cleveland-based University Hospitals in Richmond Heights also closed down several patients care and treatment wards due to a lack of staff, and increasing patient demand. Across the country, hospitals and their staff are being put to the ultimate test, and it’s leaving more and more healthcare workers feeling burned out, exhausted, and dealing with other major mental issues. Research found that roughly 18% of healthcare professionals quit their job during the height of the pandemic, and 31% considered leaving. The shortage of skilled professionals has raised many questions over how the medical industry will be able to address the growing issues before being caught with its back bent completely backward. Immigration reform is outdated The ongoing debate on immigration between parties on both sides of the aisle has now sparked private sector players to step in and bring forth solutions that can help alleviate the severity of the country's major labor shortages. President and CEO of the American Seniors Housing Association (ASHA), David Schless recently published a letter in which he and other ASHA members have made recommendations on how the Senate can improve immigration procedures for non-native healthcare workers. Among the recommendations Schless and ASHA included were a front-line worker visa category, granting permanent legal status for  Deferred Action for Childhood Arrivals recipients and Temporary Protected Status, and fast-tracking the application process. On the political side of matters, California Senator, Alex Padilla also recently took to the floor in during a Senate Judiciary Subcommittee on Immigration, Citizenship, and Border Safety hearing, where he addressed the issue of massive labor shortages, and how regulations that are eroding the system has remained largely unreformed since the 1990s/ Padilla went on to say that “We know immigrant health care workers can help to fill this gap and provide critical care to so many communities in need.” Despite Padilla taking to the floor, legislators have been dragging their feet to address the ongoing issues or remove the barriers that are keeping professional and skilled immigrant healthcare workers from seeking temporary residency or job security in the country. Despite his efforts, Padilla’s first bill as Senator - The Citizenship for Essential Workers Act - introduced back in 2021 has not yet come to a full vote or been met with open arms by the Senate. Going Forward The medical industry has reached a point of no return, and in the coming years, if no action is taken, conditions will only deteriorate faster than anticipated. Among the many challenges the government is currently facing, the healthcare system is perhaps its most problematic, as both the livelihood and health of millions of patients and workers depend on their intervention. Challenging economic conditions have also further worsened the conditions for many private and public medical care facilities in the country. Aside from rising hospital bills, and facility closures, many Americans will find themselves paying more for medical premiums in the coming year, even as government subsidies cushion most of the fall. How the government will navigate this soft landing will only drag out in the years to come. But perhaps instead of keeping millions in limbo, or playing around with the health of a country through political agendas, the government will need to take a more practical, innovative, and hands on approach if they seek to rebuild the system. The issues will persist, as long as the government withstands any intervention......»»

Category: blogSource: valuewalkSep 23rd, 2022

Dow plunges 485 points to hit new closing low for the year as interest rate and recession fears roil markets

The Dow Jones Industrial Average lost 4.5% on the week, the S&P 500 gave up 5.2%, and the Nasdaq tumbled 5.5%. Traders work on the floor of the New York Stock ExchangeSpencer Platt/Getty Images US stocks tumbled again on Friday, with the Dow plunging more than 500 points. Markets continued to reel from the Fed's rate hike and hawkish forecasts earlier in the week. US oil prices sank below $80 a barrel as recession fears rose and the dollar hit a fresh 20-year high. US stocks sold off for a fourth straight day on Friday as fears of higher interest rates and slowing economic growth continued to roil markets.The Dow Jones Industrial Average entered a bear market intraday after falling 20% from its last high, and hits its lowest close of 2022, dipping below the previous low of s 29,888.78 on June 17. S&P Global's Purchasing Managers' Index, a broad gauge of economic health, dropped to 48.2 in September from 48.9 last month, showing that business activity contracted at a faster pace.That underscored fears that a wave of rate hikes this week from the Federal Reserve and other central banks will snuff out economic growth. For the week, the Dow lost 4.5%, the S&P 500 gave up 5.2%, and the Nasdaq tumbled 5.5%.Here's where US indexes stood as the market closed at 4 p.m. on Friday: S&P 500: 3,693.49, down 1.72% Dow Jones Industrial Average: 29,591.47, down 1.61% (485.21 points)Nasdaq Composite: 10,867.93, down 1.8%Here's what else is happening today: Goldman Sachs slashed its year-end forecast for the S&P 500, and warned that the Fed's aggressive policy path will lead to further sell-offs in stocks.  But Fundstrat's Tom Lee remains resolute in his view that the stock market will soar into year-end.Russia plans to cut natural gas exports by 40% over the next three years, according to a Bloomberg report. Europe is scrambling to put a price cap on Russian oil and it is likely to be included in new sanctions proposals. In commodities, bonds and crypto:Oil prices dropped, with West Texas Intermediate down 5.6% to $78.85 a barrel. Brent crude, the international benchmark, shed 4.7% to $86.24 a barrel.Gold fell 1.8% to $1,650.90 per ounce.The 10-year yield ticked 2.7 basis points lower to 3.681%.Bitcoin slipped 2.7% to $18,809.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 23rd, 2022

Inside the 19-year relationship of Meta CEO Mark Zuckerberg and Priscilla Chan, who are about to have their 3rd baby together

The Meta CEO met his future wife in line for the bathroom at a college frat party in 2003. Nearly two decades later, their lives look very different. Facebook CEO Mark Zuckerberg and Priscilla Chan.AP Photo/Jeff Chiu Meta CEO Mark Zuckerberg has been married to his wife, Priscilla Chan, since 2012. The couple met during college and have since had two kids together with a third on the way. They've also founded the Chan Zuckerberg Initiative and amassed a real estate empire.  Meta CEO Mark Zuckerberg may not have gotten an undergrad degree out of Harvard, but he has his time at the university to thank for introducing him to his wife, Priscilla Chan.The couple met in 2003 at a frat party, and tied the knot in 2012, one day after the IPO of what was then called Facebook.Over the past two decades, as Zuckerberg has continued to run Meta, the couple founded the Chan Zuckerberg Initiative, pledged millions to philanthropy efforts, started a family, and traveled on vacations abroad, all while buying up big properties in California, Lake Tahoe, and Hawaii.Here's everything you need to know about the couple, who have been together for nearly 20 years and have two children together — with one more on the way. Priscilla Chan and Mark Zuckerberg met in line for the bathroom at a Harvard University party in 2003. Zuckerberg's fraternity, Alpha Epsilon Pi, was hosting a party and Chan, a sophomore student from the Boston area, was there.Scott Eisen/Getty ImagesSource: The New Yorker"He was this nerdy guy who was just a little bit out there," Chan told The New Yorker. "I remember he had these beer glasses that said 'pound include beer dot H.' It’s a tag for C++. It’s like college humor but with a nerdy, computer-science appeal."Scott Olson / GettySource: The New YorkerChan said that when she first met Zuckerberg, she thought he might get kicked out of school for a prank he pulled: the hot-or-not website ranking the attractiveness of students on campus, called "Facemash," that Zuckerberg notoriously created in his sophomore year at Harvard.Mark Zuckerberg celebrated Facebook's fifteenth birthday with a blog post.Christophe Morin/IP3/Getty ImagesSource: InsiderZuckerberg was also expecting to get kicked out of Harvard when he met Chan. The party was a farewell bash. In his 2017 commencement address at Harvard, Zuckerberg said his opening line to Chan was: "I'm going to get kicked out in three days, so we need to go on a date quickly."Brian Snyder/ReutersSource: Vox"Without Facemash, I wouldn't have met Priscilla," Zuckerberg said in his Harvard commencement address in 2017. "She's the most important person in my life, so you could say it was the most important thing I built in my time here."Mark Zuckerberg at Harvard's 2017 commencement.Steven Senne/APSource: VoxWhen Zuckerberg took Chan out for the first time, he told her he'd "rather go on a date with [her] than finish his take-home midterm," Chan said in an interview with the "Today Show" in 2014. "The type-A first child in me was appalled."Andrew Harnik/APSource: Today ShowZuckerberg officially dropped out of Harvard in the fall of 2005, after his sophomore year, to focus on building Facebook. He moved out to Palo Alto, California, where Facebook opened its first office.Paul Sakuma/APSource: Harvard CrimsonIn 2007, Chan graduated from Harvard, and Zuckerberg was there to celebrate. Chan then followed him to California, and entered medical school at the University of California, San Francisco in 2008. She rented an apartment near Golden Gate Park, where Zuckerberg would visit her most weekends.Students during a graduation ceremony at Harvard University.Robert Spencer/Stringer/GettySource: The New YorkerEarly on in their relationship, Chan set some strict ground rules because Zuckerberg was so busy with Facebook. Chan required one date per week, and a minimum of 100 minutes of alone time per week not at Facebook.In this Sept. 20, 2016 file photo, Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, smile as they prepare for a speech in San Francisco.AP Photo/Jeff Chiu, FileSource: The Wall Street Journal"They walk in the park, go rowing (he insists that they go in separate boats and race), play bocce or the board game the Settlers of Catan. Sundays are reserved for Asian cuisine," the New Yorker wrote about the couple in 2010.Zuckerberg and Chan in 2016.Adam Berry/Getty ImagesSource: The New YorkerChan was there when Zuckerberg turned down multiple buyout offers, including a $1 billion offer from Yahoo in 2006. She told the New Yorker in 2010 that during that time period, Zuckerberg was the most stressed-out that she'd ever seen him.Chan and Zuckerberg in China in 2012.Stringer/ReutersSource: The New YorkerWhile still a med student at UCSF, Chan moved in September 2010 to Zuckerberg's rented house in the College Terrace neighborhood of Palo Alto. He announced the news on — where else — Facebook. "Now we have 2x everything, so if you need any household appliances, dishes, glasses, etc please come by and take them before we give them away," he wrote.The "Facebook house" in Palo Alto.Rob Price/BISource: The New York TimesIn May 2011, Zuckerberg and Chan bought a five-bedroom home for $7 million in Palo Alto and tricked it out with a "custom-made artificially intelligent assistant." The following year, Zuckerberg bought the four homes surrounding the residence for $43 million to allow him to expand his property.Zuckerberg and Chan's home in Palo Alto's Crescent Park neighborhood.ZillowSource: InsiderIn March 2011, Chan and Zuckerberg adopted a dog, a Puli they named Beast. That same month, the couple finally made their relationship Facebook official.A Puli, though not Mark Zuckerberg's Beast.Jacob King/PA Images via Getty ImagesSource: Today ShowIn May 2012, Zuckerberg and Chan tied the knot in a surprise wedding ceremony just days after Chan graduated from med school and Zuckerberg took his company public. The couple told guests that the event was a surprise graduation party for Chan, then treated their guests to a wedding ceremony in the backyard of the couple's Palo Alto house.Chan and Zuckerberg at the Sun Valley conference in 2013.Rick Wilking/ReutersSource: CNN Money, Washington PostThe newlyweds — and newly minted billionaires — spent their honeymoon in Rome, Italy, but had a pretty casual vacation: they were spotted eating McDonald's for a meal while abroad.McDonald's fries.Marielle Descalsota/InsiderSource: InsiderNot long after returning from their honeymoon, Zuckerberg purchased a townhouse in San Francisco's Dolores Heights neighborhood for $10 million. He spent an additional $1.6 million to remodel the place. He sold the home in 2022 for $31 million.Zuckerberg's home is near Dolores Park, in the Mission District of San Francisco.Katherine Papera/EyeEm/Getty ImagesSource: Insider, InsiderZuckerberg and Chan made a major purchase in October 2014: two properties in Kauai, Hawaii, for more than $100 million. They've since added to the estate two more times and now own roughly 1,500 acres in Kauai.Kauai, Hawaii.Jennifer McDermott/APSource: Insider, InsiderChan finished her medical residency, with a specialty in pediatrics, in June 2015. She then went on to work as a pediatrician at San Francisco General Hospital.Justin Sullivan/Getty ImagesSource: CNN MoneyIn July of that year, Zuckerberg announced on Facebook that Chan was pregnant. The couple had been trying for years, but Chan suffered three miscarriages along the way. "It's a lonely experience," Zuckerberg wrote. Chan gave birth to a baby girl that December and the couple named her Max — short for Maxima.Taylor Hill/Getty ImagesSource: ABC, InsiderTo celebrate the birth of their daughter, the couple also announced the launch of the Chan Zuckerberg Initiative. The couple pledged to donate 99% of their Facebook shares through the organization. Chan left her role as a pediatrician to run the organization full-time.Zuckerberg and Chan embrace during a Chan Zuckerberg Initiative event in 2016.Beck Diefenbach/ReutersSource: Insider, QuartzThe couple announced in 2016 they would invest $3 billion of the Chan Zuckerberg Initiative's funds into research for curing the world's diseases. Their goal is to cure all diseases in the lifetime of their daughter, Max.Beck Diefenbach/ReutersSource: InsiderTogether, the couple have given hundreds of millions to charity. They announced in 2015 they were signing onto the Giving Pledge, a commitment made by billionaires to give away more than half of their wealth during their lifetimes or in their wills.Mark Zuckerberg and his wife Priscilla Chan.Peter Barreras/Invision/APSource: Giving PledgeChan and Zuckerberg have also made efforts to support education on both coasts. The Meta CEO made a $100 million investment back in 2010 into the struggling school system in Newark, New Jersey, but the effort ultimately failed. In 2015, Chan and Zuckerberg launched their own school, called The Primary School, for students in low-income areas.Beck Diefenbach/ReutersSource: InsiderThe couple also donated $75 million in 2015 to a San Francisco public hospital, which was then renamed after Zuckerberg. In 2020, the hospital's name was formally condemned by city officials, who accused the couple of tax evasion and Facebook of "endangering public health" by allowing misinformation to spread on its platform.San Francisco General Hospital changed its name to Zuckerberg San Francisco General in 2015 after Facebook CEO Mark Zuckerberg and his wife Priscilla Chan donated $75 million to the 147-year-old institution.Justin Sullivan/Getty ImagesSource: Insider, InsiderMeanwhile, Zuckerberg and Chan welcomed the birth of their second daughter in August 2017, whom they named — appropriately — August. Zuckerberg took two months off work for paternity leave after August's birth.MOLLY RILEY/AFP via Getty ImagesSource: InsiderZuckerberg and Chan have also traveled the world together. Early on in their relationship, they agreed to vacation for two weeks every year overseas. They've taken trips to Dubai, Mumbai, and China, where they visit Chan's family. Zuckerberg spent years learning Mandarin from Chan.Mark Zuckerberg and Priscilla Chan walking around Shanghai in March 2012.Reuters/StringerSource: New York Times, NBC NewsZuckerberg and Chan took a trip in 2016 to Rome, where they met with Pope Francis at the Vatican. Zuckerberg gave the pope a miniature model of a Facebook solar-powered drone.L'Osservatore Romano/Pool Photo via APSource: InsiderZuckerberg and Chan added to their real estate portfolio in 2018, secretly dropping $59 million to purchase two waterfront estates in Lake Tahoe. Together, the two properties have 600 feet of private waterfront access.Lake Tahoe in the winter.Gado/Getty ImagesSource: InsiderIn December 2019, Zuckerberg and Chan offered a rare glimpse inside their home on "CBS This Morning" as they made challah bread with Max and August."CBS This Morning"Source: InsiderAmid the coronavirus outbreak, the Chan Zuckerberg Initiative formed a COVID-19 task force to help increase the testing abilities of labs in the Bay Area.Airport authorities check-up on passengers arriving to Moscow from Beijing and Hong Kong at Sheremetyevo International Airport in Moscow, Russia on February 26, 2020.Getty ImagesSource: InsiderThe couple announced in September 2022 that they're expecting their third child together. "Happy to share that Max and August are getting a new baby sister next year!" Zuckerberg wrote on Instagram.Priscilla Chan and Mark Zuckerberg.Kimberly White/Getty ImagesSource: InsiderPaige Leskin contributed to an earlier version of this article. Additional reporting from Alyson Shontell.Read the original article on Business Insider.....»»

Category: personnelSource: nytSep 23rd, 2022

Top 5 Stocks With Double-Digit Returns in the Past Month

We have narrowed our search to five stocks that have popped in the past month. These are : NTNX, INSW, STOR, LANC and AMPS. Wall Street has been witnessing extreme volatility since the beginning of 2022 barring a two-month summer rally. In order to combat galloping inflation, the Fed has adopted an ultra-hawkish monetary stance unseen since 1990. Rigorous hiking of the benchmark interest rate and the adoption of a tighter monetary policy have resulted in a rise in U.S. currency value.On Sep 21, the Fed raised the benchmark interest rate by 75 basis points in the third successive FOMC meeting. With this, the Fed Fund rate jumped to the range of 3-3.25% from a mere 0-0.25% in early March. Market participants are now adjusting the cost of an imminent recession in the U.S. economy into stock markets’ valuation.Despite this grim scenario, a handful of stocks have provided double-digit returns in the past month. The Dow, the S&P 500 and the Nasdaq Composite – have tumbled 10.8%, 11.1% and 12.9%, respectively, in the same period.At this juncture, investment in stocks with a favorable Zacks Rank should be prudent going forward. Five such stocks are — Nutanix Inc. NTNX,  International Seaways Inc. INSW, STORE Capital Corp. STOR, Lancaster Colony Corp. LANC and Altus Power Inc. AMPS.A Grim ScenarioThe Fed has hiked the interest rate by 3% so far in 2022. A large section of economists and financial experts were expecting the September FOMC meeting to be the last one for a 75 basis point rate hike. However, the Fed has raised the median of the Fed Fund rate to 4.4% in September from 3.4% in June.This means that the range of the benchmark lending rate at the end of 2022 will be 4.25-4.5%, indicating a 75 basis-point and 50 basis-point interest rate hike in November and December, respectively.Market participants were expecting a rate cut in 2023, which is out of the question now as the central bank has projected that the median benchmark interest rate will reach 4.6% in 2023. This means another 50 basis-point rate hike throughout 2023. The first rate cut is not expected before 2024 as the Fed is expecting inflation to come down to its target rate of 2% in 2025.As interest rate is surging in the United States, global investors are trying to hold U.S.-dollar denominated assets to get higher returns. Consequently, the ICE U.S. Dollar Index (DXY), which measures the greenback’s strength against a basket of six major currencies, has skyrocketed in 2022.As of Sep 21, the DXY closed at 111.81, marking its 52-week high. The index is currently at its 20-year high. With respect to the U.S. dollar, – the British pound is at a 37-year low, the Japanese yen is at a 20-year low and the euro is at a 20-year low.Further, currencies of several major emerging economies have fallen to their historic-low levels against the U.S. dollar. Investors are concerned that a rising dollar will hurt the sales of U.S. multinational companies as their products will be more expensive in the international markets.Fear of a RecessionThe yields of U.S. government bonds have soared. As of Sep 22, the yield on the benchmark 10-Year U.S. Treasury Note closed at 3.709%, its highest since April 2011. The yield on the short-term 2-year U.S. Treasury Note closed at 4.137%. The yield on the long-term 30-Year U.S. Treasury Note closed at 3.635%.The yields of 2-year and 10-Year Notes have inverted for the last two months. After the last round rate hike, the yields on 10-Year and 30-Year Notes have also inverted. Economists generally consider this situation as a sign of an imminent recession.Investment analysts have estimated that there exists a 75% probability of the U.S. economy entering a recession either in the last quarter of 2022 or in the first quarter of 2023. The U.S. GDP has contracted in the first two quarters of 2022.Our Top PicksWe have narrowed our search to five stocks that have popped in the past month. These stocks have strong potential for the rest of 2022 and have seen positive earnings estimate revisions in the last 30 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The chart below shows the price performance of our five picks in the past month.Image Source: Zacks Investment ResearchNutanix is benefiting from the solid adoption of its Hybrid cloud solutions and an expanding clientele. The adoption rate of NTNX’s AHV hypervisor has been strong as customers continue to opt for it as a low-cost alternative to other vendor offerings.Further, a healthy pipeline of big deals is a tailwind. NTNX’s transition to software-only sales will boost its margins over the long-run. Nutanix is expected to benefit from the growth prospects of the hyper-converged infrastructure market, over the long term.Nutanix has an expected earnings growth rate of more than 100% for the current year (ending July 2023). The Zacks Consensus Estimate for current-year earnings of this Zacks Rank #2 company has improved more than 100% over the last 30 days. The stock price of NTNX has jumped 19.5% in the past month.International Seaways is a tanker company. INSW provides energy transportation services for crude oil and petroleum products. International Seaways owns and operates a fleet which includes ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers. INSW operates in two segment - Crude Tankers and Product Carriers.International Seaways has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings of this Zacks Rank #1 company has improved 4.1% over the last 30 days. The stock price of INSW has climbed 17.4% in the past month.STORE Capital is an internally managed net-lease real estate investment trust. STOR is engaged in the acquisition, investment and management of Single Tenant Operational Real Estate (STORE properties).STORE Capital provides net-lease solutions principally to middle-market and larger companies that own STORE Properties. STOR invests in single-tenant real estate such as chain restaurants, supermarkets, health clubs, and education, retail, service, and distribution facilities.STORE Capital has an expected earnings growth rate of 21.3% for the current year. The Zacks Consensus Estimate for current-year earnings of this Zacks Rank #2 company has improved 1.3% over the last 30 days. The stock price of STOR has surged 12.4% in the past month.Lancaster Colony is a manufacturer and marketer of specialty food products for the retail and foodservice markets. LANC's wholly-owned subsidiaries, including T. Marzetti Company, produce and market high-quality national and regionally-branded food products throughout the United States for the retail and foodservice markets.Most of their products sold through the retail channel are marketed under LANC's popular brand names, such as Marzetti, New York Brand Bakery, Sister Schubert's and Flatout. Lancaster Colony's production plants across the United States make an expanded family of quality food products found every day on the dinner tables of millions of consumers, as well as in well-known restaurant chains nationwide.Lancaster Colony has an expected earnings growth rate of 38.3% for the current year (ending June 2023). The Zacks Consensus Estimate for current-year earnings of this Zacks Rank #1 company has improved 54.4% over the last 30 days. The stock price of LANC has appreciated 11.7% in the past month.Altus Power is engaged in creating a clean electrification ecosystem. AMPS serves its commercial, public sector and community solar customers with locally-sited solar generation, energy storage and EV-charging stations.Altus Power has an expected earnings growth rate of 3more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings of this Zacks Rank #2 company has improved 41.5% over the last 30 days. The stock price of AMPS has advanced 11.5% in the past month. 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 UpWant 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 STORE Capital Corporation (STOR): Free Stock Analysis Report Lancaster Colony Corporation (LANC): Free Stock Analysis Report Nutanix (NTNX): Free Stock Analysis Report International Seaways Inc. (INSW): Free Stock Analysis Report Altus Power, Inc. (AMPS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022

Delek US Holdings (DK) is a Top-Ranked Value Stock: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.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 ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.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.#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.That's where the Style Scores come in.To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.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: Delek US Holdings (DK)Founded in 2001, Brentwood, TN-based Delek US Holdings, Inc. is an independent refiner, transporter and marketer of petroleum products. The company’s operations are organized into three reportable segments: Refining, Logistics and Retail.DK 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 2.9; value investors should take notice.Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $1.77 to $9.45 per share. DK boasts an average earnings surprise of 179.9%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, DK should be on investors' short list. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. 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 UpWant 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 Delek US Holdings, Inc. (DK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022

Everest Re (RE) is a Top-Ranked Value Stock: Should You Buy?

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. 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.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.The Style Scores are broken down into four categories:Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing 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.#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.That's where the Style Scores come in.To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Everest Re (RE)Founded in 1973 and based in Hamilton, Bermuda, Everest Re Group Ltd. writes property and casualty, reinsurance and insurance in the U.S, Bermuda and international markets. The company also offers other innovative products like excess and surplus lines of insurance. Everest Re virtually underwrites all classes and categories of business in treaty, facultative, and specialty lines both through brokers and directly with ceding companies.RE is a #2 (Buy) 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 7.74; value investors should take notice.For fiscal 2022, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.40 to $33.25 per share. RE boasts an average earnings surprise of 6.7%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, RE should be on investors' short list. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. 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 UpWant 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 Everest Re Group, Ltd. (RE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022

Why East West Bancorp (EWBC) is a Top Value Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.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 traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankThe Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.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.As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: East West Bancorp (EWBC)Headquartered in Pasadena, CA, East West Bancorp is the bank holding company for East West Bank. Incorporated in 1998, the company serves as a financial bridge between the United States and China by providing various consumer as well as commercial banking services to the Asian-American community.EWBC is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 8.95; value investors should take notice.Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.22 to $7.79 per share. EWBC boasts an average earnings surprise of 4.7%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, EWBC should be on investors' short list. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. 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 UpWant 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 East West Bancorp, Inc. (EWBC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022

Why Fiserv (FISV) is a Top Value Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.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 traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankThe Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.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.As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Fiserv (FISV)Founded in 1984, Fiserv Inc. is headquartered in Brookfield, WI. The company provides financial services technology solutions to over 12,000 clients worldwide in the banking, insurance, healthcare and investment industries. Fiserv serves banks, credit unions, leasing and finance companies, investment management firms, billers, retailers, and merchants.FISV is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.18; value investors should take notice.11 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.04 to $6.49 per share. FISV boasts an average earnings surprise of 2.1%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, FISV should be on investors' short list. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. 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 UpWant 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 Fiserv, Inc. (FISV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022