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Wolfspeed putting $3B plant in Germany? CEO says stay tuned.

Reports say Durham semiconductor firm Wolfspeed is putting a $3 billion plant in Germany, but the company is staying mum about any plans......»»

Category: topSource: bizjournalsJan 25th, 2023

Futures, Bitcoin Crater As Yields And Dollar Surge

Futures, Bitcoin Crater As Yields And Dollar Surge After a dismal week for risk assets, which saw equities drop the most since June 17, global markets and US equity futures are tumbling in another extremely illiquid session (Japan and UK are both closed, the latter for the state funeral of QE2) as the realization sparked by Fedex that the world is in a global recession, is starting to finally seep through. Add to that Wednesday's 75bps rate hike by the Fed (which however is more than priced in by now) as well as the previously discussed start of the buyback blackout period, and CTAs and pensions becoming forced sellers with investor sentiment that can at best be described as pervasive record doom and gloom, and it becomes clear why this week could be an even bigger bloodbath for stocks. And sure enough, Nasdaq contracts have tumbled 1.2% as S&P futures are down 1.0%... ...the dollar is back into record territory, with rumors of a new imminent plaza accord growing louder by the day... ... 10Y yields are just shy of 3.50%, hitting a new post-2011 high this morning... ... which in turn is hammering European and Asian markets, as oil plunges in response to the fresh highs in the dollar. In permarket trading, tech shares are lower and poised to extend last week’s decline, as investors expect the Fed to deliver a 75bps rate hike when it meets on Wednesday, putting pressure on pricier growth stocks. Tesla (TSLA US) -1.4%, Google (GOOGL US) -1.2%. Here are some other notable premarket movers: Marathon Digital (MARA US) plunged as much as 8.4% in premarket trading on Monday alongside other cryptocurrency- related stocks, after Bitcoin dropped toward the lowest level since 2020 on monetary tightening concerns. US-listed Chinese stocks edged lower in premarket trading Monday after Chinese stocks listed in Hong Kong dropped, putting them on track to enter bear-market territory. Alibaba (BABA US) -1.5%, Nio (NIO US) -1.6%. FOXO Technologies (FOXO US) surges in premarket trading after tumbling 52% on its debut on Friday via its combination with special purpose acquisition company Delwinds Insurance Acquisition Corp. Take-Two Interactive Software Inc. (TTWO US) falls 6.5% in US premarket trading Monday after a hacker published pre-release footage from development of Grand Theft Auto VI, its most anticipated video game. In addition to the startling FedEx warning which sent the stock crashing by the most on record, investors also face potential volatility from policy decisions this week by the Bank of England, the Bank of Japan and a host of other central banks. The British pound sank to its weakest level against the dollar since 1985 on Friday and the yen remains under pressure, though it has backed off from just below the key 145 level versus the dollar. “The aggressive tightening of policy in the coming 4-6 months, not just in the US but globally, increases the risk of a recession next year,” said Maria Landeborn, a senior strategist at Danske Bank A/S. “We expect uncertainty will remain high surrounding inflation, rates and the overall economy, which is negative for market sentiment and risk assets.” With the Fed poised to hike 75bps (and perhaps even 100bps) and keep rising until it hits 4.50%, top Wall Street strategists see mounting risks for US earnings and equity valuations. Both Morgan Stanley’s Michael J. Wilson and Goldman Sachs Group Inc.’s David J. Kostin said headwinds to profitability are building, highlighting tighter monetary policy and pressure on company margins. In Europe, the Stoxx 50 fell 0.9% with Spain' IBEX outperforming, dropping just 0.3%, CAC 40 lags, dropping 1.1%. Energy, financial services and real estate are the worst performing sectors. Rate-sensitive European real estate shares are among the worst-performing in Europe in Monday trading, with the region’s equity market dropping further after seeing the biggest weekly decline in three months, as investors await a Federal Reserve monetary policy meeting this week.  Here are some of the biggest European movers today: Porsche Automobil Holding advances; Volkswagen AG said it’s looking to raise as much as EU9.4 billion from the IPO of its sports-car maker in what could be Europe’s largest listing in more than a decade European energy stocks fall, making them the worst-performing sector in Europe on Monday, as oil prices dipped, erasing earlier gains, with the Stoxx 600 Energy index declining 1.8% European real estate shares are among the worst- performing in Europe in Monday trading, with the region’s equity market dropping as investors await a Federal Reserve monetary policy meeting this week TF1 and M6 slumped after the French TV companies called off a planned combination because of objections from the country’s antitrust regulator; also today, Oddo cut TF1 to neutral Valneva falls as much as 16% after the French vaccines maker said it will terminate a Covid-19 vaccine collaboration with IDT Biologika, agreeing to pay as much as EU36.2 million in cash. Earlier in the session, Asian equities fell, poised for a fifth session of decline, as the dollar strengthened ahead of the Federal Reserve’s meeting this week. The MSCI Asia Pacific ex-Japan index erased early gains and fell as much as 0.8%, dragged by consumer discretionary and tech shares. Benchmarks in Hong Kong and South Korea were among the worst performers in the region. Japan’s market was shut for a holiday. The dollar’s gains put pressure on regional currencies, and stocks tumbled in the Philippines, Malaysia and Vietnam. Traders are watching the Federal Open Market Committee’s interest-rate decision on Wednesday for signals on further policy tightening, pricing in a 75-basis-point hike. The Hang Seng China Enterprises Index fell more than 1%, taking its losses from a June 28 peak to just short of 20%, which will mark the start of a bear market. Mainland China stocks traded little changed Monday as megacity Chengdu exited a lockdown. MSCI’s broadest Asia Pacific stock gauge has clocked five consecutive weeks of losses as investors factor in higher US interest rates and a strong dollar. Optimism over any easing of China’s Covid-Zero stance after the party congress in October is also waning. “Unless the Fed is done with rate hikes, the US dollar bull market is not over yet,” Lim Say Boon, chief investment strategist at CGS-CIMB Securities wrote in a note. In Australia, The t&P/ASX 200 index fell 0.3% to close at 6,719.90, the lowest since July 19, dragged by losses in health care and energy shares.  In New Zealand, the S&P/NZX 50 index fell 0.4% to 11,531.99. The nation’s economic outlook is sound, despite increasing domestic and international turbulence, S&P said in a statement Stocks in India snapped three days of declines, helped by a rally in consumer and auto firms on expectations of a boost in demand during the upcoming festive season. The S&P BSE Sensex rose 0.5% to 59,141.23 in Mumbai, while the NSE Nifty 50 Index also gained by a similar magnitude. Out of 30 shares in the Sensex index, 20 rose and 10 fell. A gauge of fast-moving consumer-goods makers was the best performer among 19 sectoral sub-indexes compiled by BSE Ltd. Most stocks across Asia declined ahead of key rate decisions by various central banks, including the US Federal Reserve. A higher-than-expected inflation in the US has raised expectations of another 75-basis-point hike when Fed policymakers meet on Wednesday. Housing Development Finance Corp contributed the most to the Sensex’s gains, increasing 1.5%.  In rates, Treasuries re-opened with yields cheaper by up to 5.5bp across front end of the curve in a bear flattening move. Into the weakness 10-year yields top at 3.506% and cheapest levels since June 2011. Cash market was closed overnight as UK observes a day of mourning for Queen Elizabeth II and Japan is out on holiday. Treasury yields 3.5bp to 5.5bp cheaper across the curve with long end outperforming slightly, flattening 2s10s, 5s30s spreads by 0.5bp and 1bp on the day. IG dollar issuance slate empty so far; up to $20b expected for the week with Monday and Tuesday potentially busy ahead of Wednesday FOMC. Latest CFTC positioning data shows hedge fund net short in two-year note futures, biggest since June 2021. Bund yields climb some 3bps across the curve. Australia’s bonds rose for the first time in four days. Yields fell 3-5bps across the curve. In FX, the dollar strengthens against all FX majors; euro trades below parity while cable trades at around 1.13/USD and the yen slides near 143.43/USD. UK observes a day of mourning for Queen Elizabeth II. Some more details: The Bloomberg Dollar Spot Index advanced 0.3% as the greenback strengthened against all Group-of-10 peers. Risk-sensitive Scandinavian and Antipodean currencies were the worst performers. Treasury futures eased, sending yields a few basis points higher The euro gave up an Asia session gain to drop for the first time in four days, yet momentum in options is less bearish across all tenors compared to a week ago. German bonds inched lower, with yields rising 3-4 bps, ahead of ECB speakers today The Swiss franc and the yen held up best against wide dollar gains. Hedge funds ramped up bearish yen bets to a three-month high on expectations Japan would languish in a world where developed market peers are racing to hike interest rates The yuan fell even as the People’s Bank of China fixed the currency at 6.9396 per dollar, 647 pips stronger than the average estimate in a Bloomberg survey of analysts and traders, the widest difference on record since Bloomberg started the survey in 2018 In commodities, WTI drifts 1.3% lower to trade near $83.98. Oil futures have resumed the sell-off, in part amid the cautious risk tone/firmer Dollar. Nord Stream AG says it cannot confirm nominations for the Nord Stream 1 gas pipeline on Monday. Kuwait produces more than 2.8mln bpd and has plans to increase oil output whenever the market needs it, while Kuwait currently produces 650mln cubic feet of gas per day and plans to raise it to 1bln cubic feet, according to Kuwaiti Petroleum Corporation’s CEO, cited by Reuters. Spot gold falls roughly $10 to trade near $1,665/oz. European natural gas futures fall again to their lowest level in almost two months. Bitcoin extends decline to $18k-level as broad crypto selloff continues. Bitcoin remained under pressure sub-USD 18,500. Ethereum extended on losses under USD 1,300. It's a busy week on the macro front, but Monday will be quiet with just the September NAHB housing market index on deck in the US. We also get the Eurozone July construction output, Canada August industrial product and raw materials prices. Market Snapshot S&P 500 futures down 0.8% to 3,861.00 STOXX Europe 600 down 0.7% MXAP down 0.5% to 149.48 MXAPJ down 0.6% to 487.97 Nikkei down 1.1% to 27,567.65 Topix down 0.6% to 1,938.56 Hang Seng Index down 1.0% to 18,565.97 Shanghai Composite down 0.3% to 3,115.60 Sensex up 0.6% to 59,203.12 Australia S&P/ASX 200 down 0.3% to 6,719.92 Kospi down 1.1% to 2,355.66 German 10Y yield up 3 bps to 1.78% Euro down 0.4% to $0.9978 Brent futures down 0.9% to $90.53/bbl Gold spot down 0.7% to $1,663.72 U.S. Dollar Index up 0.3% to 110.05 Top Overnight News from Bloomberg Federal Reserve officials are on track to raise interest rates by 75 basis points for the third consecutive meeting this week and signal they’re heading above 4% and will then go on hold Investors bracing for another jumbo Federal Reserve interest-rate hike are focused on a few key trades: betting on deeper inversion in the US yield curve, further losses in stocks and a stronger dollar The risk of a euro-area recession has reached its highest level since July 2020 as concerns grow that a winter energy squeeze will cause a slump in economic activity. Economists polled by Bloomberg now put the probability of two straight quarters of contraction at 80% in the next 12 months, up from 60% in a previous survey European Central Bank interest rates will need to rise a lot more to get inflation under control, Bundesbank President Joachim Nagel said over the weekend The Chinese megacity of Chengdu exited its lockdown on Monday, with 21 million people allowed to leave their homes and resume most aspects of normal life for the first time since Sept. 1, provided they’re tested regularly for Covid-19 A more detailed look at global markets courtesy of Newsquawk APAC stocks were mostly subdued with the region lacking firm direction amid holiday-quietened conditions and with participants cautious ahead of this week’s slew of central bank policy decisions including from the FOMC, BoE and BoJ. ASX 200 was indecisive after gains in the mining industry were offset by underperformance in tech and defensives, with risk appetite also contained amid further calls for the RBA to hike by 50bps next month. Nikkei 225 was closed due to a domestic holiday. Hang Seng and Shanghai Comp declined with the Hong Kong benchmark pressured by losses in tech and pharmaceuticals, while the mainland was also subdued despite the cities of Chengdu and Dalian lifting lockdowns and the PBoC conducting 14-day reverse repos for the first time since January at a lower rate. Nonetheless, the injection was likely due to the upcoming National Day holidays and the rate cut was not much of a surprise after a similar cut in the 7-day reverse repo rate last month, while geopolitical concerns also lingered following comments from US President Biden that US forces would defend Taiwan in the event of a Chinese invasion. Top Asian News China’s Chengdu lifted the lockdown for the entire city and Dalian will also lift the citywide lockdown effective this Monday, according to Bloomberg. China NDRC is seeking to promote an acceleration of the recovery in domestic consumption and speed up the injection of funds to start project construction ASAP. NDRC said the foundation of the economic recovery is still weak despite positive changes in main economic indicators and that external environment for utilising foreign capital is increasingly complex and severe, while it added there remains some factors affecting foreign investment confidence. UBS cut its China 2022 GDP growth forecast to 2.7% from 3.0% due to a weak Q3 recovery, according to Bloomberg. China’s Global Times stated that economists urged US regulators to serve market fairness and not let their work be trained with political factors as they are about to begin reviewing audit files of Chinese companies. US tsunami warning system issued a tsunami threat in Taiwan on Sunday morning following a magnitude 7.2 earthquake. Japan’s weather agency issued a special typhoon warning for the Kagoshima prefecture in southern Japan on Saturday, according to Reuters. It was later reported that the typhoon made landfall and millions were told to evacuate homes, according to FT. The subdued tone seen across a holiday-thinned APAC session reverberated into Europe, with UK markets closed due to the funeral of Queen Elizabeth II. European cash bourses are lower across the board but off worst levels. European sectors are mostly lower with no overarching theme. US equity futures are softer in tandem with their European counterparts with relatively broad-based losses seen across the main December contracts. Top European News UK PM Truss will conduct a bilateral meeting with US President Biden at the UN General Assembly on Wednesday instead of meeting in Downing Street on Sunday, according to a statement cited by Reuters. UK PM Truss agreed with Irish PM Martin that an opportunity exists for the UK and the EU for a negotiated Brexit resolution to the Northern Ireland protocol, according to RTE. UK PM Truss’s chief of staff Fullbrook said he is cooperating with the FBI regarding an investigation into a Conservative Party donor charged with illegally providing campaign donations to a former Puerto Rico governor, although Fullbrook denied any wrongdoing, according to FT. ECB’s Lane said there will probably be several more rate hikes this year and early next year, while he noted signs that inflation will come down but not just yet and said that a recession cannot be ruled out, according to Reuters. ECB’s Nagel said the ECB are ‘a good way off’ from where rates should be and rates will need to rise a lot more to get inflation under control, although is confident that inflation rates will fall after a tough winter, according to Bloomberg. EU is set to withhold EUR 7.5bln of funding from Hungary due to rule of law violations regarding corruption in awarding public contracts, according to FT. EU may ask companies to expand or repurpose production lines, according to European Commission emergency powers to avert supply crisis Geopolitics US President Biden warned Russian President Putin against changing the face of the war by using tactical nuclear or chemical weapons in Ukraine, while he also stated that Ukraine is not losing the war and is making progress in some areas, according to an interview on CBS’s 60 Minutes. Furthermore, President Biden said he warned Chinese President Xi of an investment chill and that it would be a gigantic mistake if China violates sanctions on Russia but noted that there has been no indication that Beijing has provided weapons to Moscow for its invasion of Ukraine. US Joint Chief of Staff chairman General Milley said during a visit to a military base in Poland that it is still unclear how Russia will react to the battlefield setbacks in Ukraine and now is the time for increased vigilance and preparedness, according to Reuters. IAEA said one of the Zaporizhzhia nuclear power plant’s regular external power lines has been repaired and the plant is receiving electricity directly from the national grid, while it added that although there has not been any recent shelling at or near the plant, it continues to occur in the wider area, according to Reuters. Russia and China have agreed on further cooperating on defence with a focus on joint exercises, according to Interfax cited Russian Security Council. US President Biden said US forces would defend Taiwan in the event of a Chinese invasion, according to Reuters. Taiwan said China continued its military activities around the island and that it detected 20 Chinese aircraft and 5 Chinese ships operating around Taiwan on Saturday, according to Reuters. FX The Dollar regrouped and regained a bid on a combination of technical and positional factors; DXY topped 110.00 but remains shy of Friday's best. EUR/USD retreated back under parity, GBP/USD under 1.1400 from a 1.1442 peak. USD/JPY grinds upwards and briefly topped 143.50, whilst antipodeans are the G10 laggards. Fixed Income Bonds have extended to the downside after waning from best levels earlier or overnight. Bunds are off a deeper 142.43 Eurex trough and the US 10-year T-note is nearer the base of its 114-12+/114-25+ range. Commodities WTI and Brent futures have resumed the sell-off, in part amid the cautious risk tone/firmer Dollar. Nord Stream AG says it cannot confirm nominations for the Nord Stream 1 gas pipeline on Monday. Kuwait produces more than 2.8mln bpd and has plans to increase oil output whenever the market needs it, while Kuwait currently produces 650mln cubic feet of gas per day and plans to raise it to 1bln cubic feet, according to Kuwaiti Petroleum Corporation’s CEO, cited by Reuters. Spot gold has been under pressure as the Dollar gained traction, whilst CME copper is softer amid the risk tone Chinese copper tycoon He Jinbi’s Maike Metals International is reportedly suffering a liquidity crisis that threatens his empire which handles one of every four tons of copper imported into China, according to Bloomberg. US Event Calendar 10:00: Sept. NAHB Housing Market Index, est. 47, prior 49 DB's Jim Reid concludes the overnight wrap A packed week will kick off with a quiet, solemn, start, as the UK is closed for the Queen’s funeral. Japan is also out on holiday. Looking forward, the postponed BoE meeting will nudge its way into an already packed central bank meeting schedule which includes the BoJ, SNB, Riksbank, Norgesbank, and of course, the Fed. Suffice to say, monetary policy will be in focus this week. On the Fed, market pricing glided toward Matt Luzzetti’s expectations (full FOMC preview here) that the Fed will deliver a 75bp hike next week, having decayed from last week’s peaks after the stronger than expected CPI data. Much closer to consensus PPI and University of Michigan inflation expectations data helped bring pricing back from the peaks, let alone no press reports seemingly confirming pricing one way or another (finishing the week at 79.8bps priced). Regardless, some premium of a 100bp move will probably stay priced in for Wednesday, either on the off chance of some late blackout-period guidance. Beyond the rate move itself, the new SEP should show unemployment ticking higher, moving farther from a soft-landing forecast. Luzzetti and co. expect the dots will show unemployment ratcheting to 4.5%. The September FOMC also adds another year to the SEP, so we will get figures for 2025, showing how steep a hiking cycle, how deep any recession, and how quick the subsequent recovery policymakers are expecting if their preferred policy path is realized. On the BoE, our economists expect (full preview here) the MPC to vote for a second consecutive 50bp hike, albeit along divisive lines, with dissents favouring both a 25bp and a 75bp move likely surfacing. On the balance sheet, the MPC should confirm the start of gilt sales from later on this month, totaling GBP 10bn per quarter. Our economists expect the BoE’s terminal rate will be 4%, reached in May of next year, which is a 150bp upgrade over their old forecast. The Bank of Japan also meets, where our economist expects (full preview here) the BoJ to remain the DM outlier by maintaining an easy policy stance, while agreeing to end their special pandemic funds-supplying operation as scheduled at the end of the month. The policy divergence will continue to weigh on a yen which is around its weakest levels versus the dollar since the early 90s, but our economists do not expect that augurs intervention, as fundamentals are driving the weakening and reduce the chance any intervention is effective. Geopolitical risks will remain in focus, where the Ukraine war is most front-and-center. Elsewhere, a few conflagrations have broken out in former USSR states which individually may not be macro moving events, but are something to keep an eye on if symptomatic of something broader. Finally, an ever-looming potential issue, President Biden said in an interview with 60 minutes that the US would defend Taiwan if invaded, even as he downplayed the claim as not official US policy. Overnight in Asia equity markets are trading in negative territory at the start of the week after the US equities ended in the red on Friday. The Kospi (-0.98%) is the largest underperformer across the region followed by the Hang Seng (-0.88%). Over in mainland China, the Shanghai Composite (-0.22%) is trading lower while the CSI (-0.11%) is swinging between gains and losses. Elsewhere, as mentioned, markets in Japan are closed for a holiday with no trading in Treasuries until the US session. In overnight trading, US stock futures are pointing to further losses with contracts on the S&P 500 (-0.27%) and NASDAQ 100 (-0.50%) both edging lower. A quick recap of last week, which was a reliable microcosm of the major macro stories over the year, namely the war in Ukraine and the central bank battle over inflation. Ukraine’s successful counter-offensive stoked some optimism early in the week, optimism which faded from risk assets (along with the tightening in global policy paths, more below) as the pathway to peace and an end to the war were not any clearer. That was ossified on Friday with President Putin giving a press conference where he warned about escalating the conflict in so many words. Global equity indices retreated over the week, with the STOXX 600 down -2.89% (-1.58% Friday), the DAX -2.65% lower (-1.66% Friday), and the CAC down -2.17% (-1.31% Friday). Banks proved one bright spot in European equities given the rate selloff, with the Euro Banks index gaining +2.90% despite pulling back -1.88% on Friday. US equities underperformed given the salience of steeper Fed policy post CPI, with the S&P 500 pulling back -4.77% (-0.72% Friday) and the NASDAQ down -5.48% (-0.90% Friday), the worst weekly return for both since mid-June. The EU’s unveiling of measures to curtail energy price pressures, combined with some national-level efforts, drove European natural gas futures -9.82% lower to close the week at EUR 186.75, the first time they’ve ended a week below EUR 200 since the end of July. For rates, the main event was the above-consensus US CPI data, which saw a repricing of global policy paths steeper, with 2yr Treasuries gaining +31.1bps (+0.3bps Friday) and 2yr Bunds +20.6bps higher (-0.7bps Friday). Curves flattened in both jurisdictions given the harder-landing implications of such a steep policy path, with 10yr Treasuries up +14.0bps (flat Friday) and Bunds up +5.8bps (-1.4bps Friday). It also coincided with terminal rates pricing higher, where the market is expecting fed funds rates to get up just shy of 4.4% in the spring of next year, albeit below our revised in-house call of terminal closer to 5%. Tyler Durden Mon, 09/19/2022 - 07:32.....»»

Category: personnelSource: nytSep 19th, 2022

Auto Roundup: Big EV Battery Bets by HMC and TM Draw Most Attention

While Honda (HMC) and LG Energy announce a $4.4 billion investment in a U.S. EV battery plant. Toyota (TM) is set to invest another $2.5 billion in its TBMNC facility. Last week, a number of automakers released their vehicle sales data in the United States for August. Industrywide, sales of light vehicles increased 4.8% in August, marking the first monthly year-over-year gain since summer 2021. While Toyota TM and Honda HMC recorded sales decline, deliveries rose by double-digit percentage points for Ford F, Hyundai and Kia. Per LMC Automotive, the seasonally adjusted annualized rate (SAAR) for August was 13.2 million units. Having said that, the industry is still struggling with low inventory. For the 10th consecutive month, the retail inventory closed below 900,000 vehicles.On the news front, Japanese auto biggies Honda and Toyota announced massive spending plans to spur their battery production game, in another indication of a new wave of investment related to EV battery production that is underway. The battery plants will serve a pivotal role in TM and HMC’s efforts toward a fully electrified future and will help them meet their carbon neutrality targets. Meanwhile, the U.S. legacy automaker Ford issued a recall of more than 277K vehicles in the United States. The vehicles impacted by the recall have a 360-degree camera system. The company is of the opinion that the anti-reflective lens on the cameras can degrade, which can result in a cloudy image.Leading truck engine maker, Cummins CMI demonstrated its commitment to decarbonization as it joined forces with Buhler Industries and Transport Enterprise. Finally, Mercedes-Benz Group AG MBGAF also made noise as it is set to roll out a bunch of new EQ vehicles. The year 2023 may prove to be the year of the EQ as the Germany-based luxury automaker intensively grows its EQ range to aim for zero-combustion as the end goal.Last Week’s Top StoriesHonda and LG Energy announced their plans to invest $4.4 billion to build a new battery production plant in the United States. The location of the factory hasn’t been announced yet. The mass production of lithium battery cells is set to begin by the mid-decade end. The plant aims to have an annual production capacity of approximately 40 GWh. Honda currently does not have an EV offering for the U.S. market but plans to launch an all-electric Prologue SUV in 2024. The company intends to sell only electric vehicles in North America by 2040.In other news, American Honda — a subsidiary of Honda — sold 71,461 vehicles last month. The sales dropped 37.7% year over year. While car sales totaled 21,534 units, truck sales summed 49,927 units. Notably, Accord Hybrid posted the best-ever August sales, which topped 3,000 units. The all-new Acura Integra sales crossed 1,500 units in August, marking the best month since its launch. The company currently carries a Zacks Rank #3 (Hold).Toyota announced that it intends to invest another $2.5 billion in its Toyota Battery Manufacturing North Carolina (TBMNC) facility to enhance the production of battery electric vehicles. In December 2021, Toyota had announced plans to set up a new battery plant in North Carolina worth $1.29 billion to expand its EV efforts. With the latest announcement, TBMNC’s total investment is $3.8 billion. The plant is scheduled to commence production in 2025. Last year, the auto giant earmarked a global investment of nearly $70 billion for electrification efforts. With the current development, it looks like the automaker is quite determined in its mission.In other news, Toyota announced that it sold 169,626 vehicles in the United States in August. Sales declined 9.8% year over year. While sales from the Toyota division contracted 8.1% year over year to 147,873 vehicles, Lexus unit sales declined 20.1% year over year to 21,573 vehicles. The company currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks hereFord recalled 277,040 passenger cars and pickup trucks in the United States on the grounds that there are chances of the rearview camera lens getting cloudy and reducing visibility for the driver. The recall covers certain F-Series trucks, namely F-250, 350 and 450 trucks, and the Lincoln Continental, all belonging to the 2017 through 2020 model years. More than 8,800 warranty reports have cropped up in the United States due to the problem. Dealers have been asked to replace the camera free of cost to owners. Ford will notify owners by letter starting Sep 12.Meanwhile, Ford unveiled its sales report for August.The automaker reported sales of 158,088 new vehicles for the month, marking a 27.3% increase year over year. Sales of the namesake brand totaled 151,695 vehicles, up 27.5%, while Lincoln sales increased 24% to 6,393 vehicles. The Ford Mustang Mach-E August sales volume of 3,120 units shot up 115% year over year. F-Series was featured as America’s best-selling truck, best-selling hybrid truck and best-selling electric truck in the month. The company currently carries a Zacks Rank #3.Cummins signed a letter of intent with Buhler Industries, a leading tractor manufacturer under the Versatile brand. Both companies plan to integrate the Cummins 15-liter hydrogen engines into Versatile’s equipment to drive efforts in de-carbonizing the agriculture market. Hydrogen combustion engines provide a cost-effective zero-carbon fueled solution for high load factor and high utilization applications. The technology brings the benefits of a more-timely solution to reduce carbon emissions without compromising on productivity. The companies’ shared commitment to technology will allow both to leverage each other’s strengths to breed new opportunities.CMI and Transport Enterprise also struck a pact wherein the latter intends to purchase CMI’s 15-L hydrogen internal combustion engines. Transport Enterprise seeks to deploy Cummins’ X15H hydrogen engines into its heavy-duty trucks. Cummins appears enthusiastic about the adoption of hydrogen engines and aims to make carbon-neutral commercial transportation economically feasible for customers. The company currently carries a Zacks Rank #3.Mercedes-Benz announced that it started production of its first battery-electric SUV—the EQS model—for the U.S market. The EQS will be followed by the manufacture of the EQE SUV later this year. The auto magnate has announced a range of EQ lineup of electric vehicles for the U.S. market. Two versions of the EQS sedan have already reached the U.S. market and will soon be followed by two versions of a smaller EQE. In a statement, it shared details of the new versions of EQS and EQE for 2023. The new addition will cover an EQS 450 4MATIC, which will join the current 450+ and 580 4MATIC, as well as a 350 4MATIC version of the EQE, which will join the previously announced 350+ and 500 4MATIC models.Mercedes announced that the 2023 model year will include an AMG version of the EQE sedan, in line with the previously announced AMG EQS. The AMG EQE Sedan has impressive driving dynamics and a powerful high-performance drive battery that uses the latest lithium-ion technology. The entire range of 2023 EQ vehicles will arrive by late 2022. No information on pricing has been released yet, though the SUV is expected to cost more than the EQS 450, priced at $103,360 or the EQS 580, priced at $126,950. The company currently carries a Zacks Rank #2 (Buy).Price PerformanceThe following table shows the price movement of some of the major auto players over the last week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Auto Space?Industry watchers will track China vehicle sales data for August 2022, likely to be released by the China Association of Automobile Manufacturers soon. Also, stay tuned for any updates on how automakers will tackle the semiconductor shortage and make changes in their business operations. Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation.>>Give me access to my free special report.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 Ford Motor Company (F): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Cummins Inc. (CMI): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report MercedesBenz Group AG (MBGAF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 7th, 2022

Auto Roundup: Honda (HMC) Trims Output, Ford (F) Cuts 3K Jobs & More

Amid supply chain disruptions, Honda (HMC) is set to slash 40% production in Japan in early September. Meanwhile, Ford (F) downsizes its workforce by nearly 3,000 as part of its cost-cut efforts. Supply chain disruptions and chip shortages continue to roil the automotive space. Last week, Honda HMC notified its intention to slash output by 40% in Japan in early September. Per reports, the company is also considering shifting its supply chain away from China. Meanwhile,Honda’s closest peer Toyota TM is doubling down on its hybrid bet in India. As India tightens fuel efficiency and emission targets for carmakers, hybrids will help Toyota meet its regulatory requirements as credits earned will offset the production of fossil-fuel vehicles.In another major announcement, U.S. legacy automaker Ford F announced workforce downsizing by almost 3,000 as part of its cost-reduction efforts and restructuring plan that focuses on shifting to an EV-defined future that reduces dependency on labor. Auto parts retailer Advance Auto Parts, Inc. AAP also made it to the headlines as it unveiled its quarterly results and cut its 2022 projections.While Toyota, Honda and Ford carry a Zacks Rank #3 (Hold), Advance Auto holds a Zacks Rank #4 (Sell) now.You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.Recap of Last Week’s Major NewsHonda announced its plans to cut production by 40% early next month owing to the chip crisis, logistical challenges and persistent supply chain disruptions. The company’s assembly plant in Saitama prefecture in Japan will slash output by nearly 40%.Two lines at its Suzuka plant will also trim production plans by 30% in early September.The temporary suspension of operations at these factories is set to impact the production of the Vezel sports utility vehicle, the Stepwgn minivan and the Civic compact car.In another development, the Japanese auto giant is considering setting up a separate supply chain outside China to reduce its dependence on the country. It is believed that HMC would maintain its supply chain in China for the domestic market while having another one in parallel. Honda’s supply chain is heavily China-dependent. Last year, almost 40% of Honda’s automobile production took place in China. But the recent resurgence of Covid-led restrictions in China resulted in supply snarls that significantly lowered output for Honda. The company’s global production plunged 54% year over year in April, primarily because of logistical issues. In light of such supply chain snafus, Honda is contemplating diversifying its manufacturing outside China.Toyota announced that it is rebooting its strategy for India by doubling down on a bet that emerging markets will generate demand for hybrids if provided at the right price.Toyota wants more first-time buyers in India to own full hybrids as an initial step toward mass electrification. Gradually, it would bolster local sourcing, and production will be competitive.Toyota’s hybrid Camry sedan performance, since its India debut in 2013, has not been impressive. Sales numbers for the vehicle have remained low partly due to a sticker price that was more than eight times the annual income of a middle-class family in the country.Now, TM is keen to play the game differently with lower-cost hybrids. It intends to bring down the cost of full-hybrid powertrains by manufacturing them domestically in India.Toyota plans to use the clout of its cooperation with partner Suzuki Motor and reap the benefit of the latter’s low-cost engineering know-how and mild hybrid technology. Toyota's first new hybrid to hit India’s roads will be the Urban Cruiser Hyryder, a compact SUV. Its price is expected to be around $25,000, which is less than half the price of the Camry. Suzuki and Toyota together will sell the Hyryder.Advance Auto reported adjusted earnings of $3.74 per share for second-quarter 2022 (ended Jul 16, 2022), up 10% from the year-ago quarter figure. The reported figure was in line with the Zacks Consensus Estimate. The company generated net revenues of $2,665.4 million, falling short of the Zacks Consensus Estimate of $2,748 million but edging up 0.6% from the year-ago reported figure.Discouragingly, Advance Auto has trimmed its 2022 guidance. It estimates full-year net sales in the band of $11-$11.2 billion, down from the previous guided range of $11.2-$11.5 billion. Comparable store sales are now envisioned to decline up to 1% as against the prior forecast of 1-3% growth. Adjusted operating income margin is envisioned in the range of 9.8-10%, down from the prior estimate of 10-10.2%. Adjusted EPS is now forecast between $12.75 and $13.25, down from the previously guided range of $13.30-$13.85. The auto parts retailer now intends to buy back stocks worth $500-$600 million in 2022. It aims to open 125-150 new stores this year.Ford stated its decision to downsize its workforce by 3,000 as part of intensive cost-reduction and restructuring efforts. The move will impact salaried and contract workers. Most of the reduction will be in the United States, Canada and the Ford Business Services operation in India. Of the 3,000 employees, 2,000 are salaried employees and 1,000 are agency personnel.F opined that its focus on the electrification-driven restructuring efforts has necessitated the re-deployment of its resources to become on par with competitors. Many job positions have skills that have become redundant over time. Therefore, it intends to shuffle its workforce to make it more competitive and dynamic.Ford’s hunger to generate revenues through digital software and connected services requires it to streamline its workforce with the people having the right set of skills.Price PerformanceThe following table shows the price movement of some of the major auto players over the last week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Auto Space?Industry watchers will keep a tab on August U.S. vehicle sales. Also, stay tuned for any updates on how automakers will tackle the semiconductor shortage and make changes in their business operations.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 Ford Motor Company (F): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksAug 29th, 2022

When There’s Talk of Gun Control, Gunmakers Play the Jobs Card. They’re Often Bluffing

Gunmakers are convincing elected officials they have to choose between gun-control laws and manufacturing jobs and benefiting richly. At first he thought it was an umbrella. But when the shotgun that was pointed at John Seymour went off, hitting him in the back and the wrist, he thought he was going to die in his own barbershop. He fell to the floor and played dead as the gunman shot three of his customers, killing two of them. Then the gunman, a former customer, killed two men in a nearby oil-change shop and holed up in an abandoned restaurant, where he later died in a shootout with police. Nearly 10 years later, Seymour thinks constantly about the shooting. “To this day, anything goes, Bang bang! and I jump. What do you expect? I had a guy die on top of me at my barbershop,” says Seymour, 76, who is known locally as John the barber. “​​We never thought we’d be a mass-murder part of the country.” [time-brightcove not-tgx=”true”] But like just about everyone else in Ilion, N.Y, a small town in New York’s Herkimer County about 80 miles northwest of Albany, Seymour has a soft spot for Remington Arms, the gun manufacturer that has been located here since Eliphalet Remington started making firearms in 1816. Remington’s imposing redbrick factory looms over Main Street. Walk around downtown, past the vape shops, the peeling multifamily homes, and the Remington Federal Credit Union, and you can hear the clinking of steel being cut as the factory churns out orders. Jason Koxvold for TIMEJohn Seymour in his barber shop where he survived a mass shooting nearly a decade ago. People here don’t talk about how Remington’s version of an AR-15—made in Ilion—was used in the Sandy Hook Elementary School shooting less than 200 miles away, or that the company filed for bankruptcy twice between 2018 and 2020, because of financial engineering by the private equity firm that bought the company in 2007. They also don’t talk about how the company regularly threatens to leave New York and move somewhere cheaper, or periodically lays off hundreds of workers, leaving some in limbo for months or years. What they do talk about is Remington’s proud history of making arms for America when the country needed them the most, like during World Wars I and II—when workers had to carpool to the factory because the parking lot couldn’t fit everyone’s cars—and the affinity they have for a company that employed most of their fathers, and their father’s fathers. “They help the little village of Ilion and its 7,500 people,” says Seymour, who when he isn’t plying his trade as a barber moonlights as a wedding and event singer. His father worked at Remington for 43 years, beginning in 1932, and Seymour’s brother and brother-in-law also worked there. “They pay taxes on that building, and we give them a little break on everything.” Remington, on the other hand, has not been very kind to the village of Ilion in recent years. After decades of threatening to relocate to the South, where gun laws are friendlier and labor is cheaper, the company went so far as to move two lines of manufacturing to Alabama in 2014, after that state offered nearly $70 million and factory space rent-free. That endeavor ultimately failed, leaving the Alabama factory shuttered, and some of the equipment moved back to Ilion. When the Remington Outdoor Company filed for bankruptcy in 2020, it owed hundreds of thousands of dollars to local suppliers and utility providers, including the local shoe store, the hardware store, and Ilion’s treasurer, police department, water commission, and the roughly 609 workers it had abruptly laid off without the health care benefits or severance pay promised in their contract. Despite these slights, many Ilion residents remain unfailingly loyal to the company. “I would say that we bleed green—Remington green,” says Frank “Rusty” Brown, who has worked at the factory since 1995 and was one of the workers who protested outside the factory in 40-degree weather in October 2020, after Remington filed for bankruptcy and fired all its Ilion manufacturing workers. “This is our living; it’s how our parents made a living. I’m dedicated to the place.” Remington’s Ilion and Tennessee properties, as well as its long-gun, shotgun, and pistols businesses, were bought out of bankruptcy in 2020 by a company called the Roundhill Group LLC, which now operates Remington through a holding company called RemArms. Roundhill appears to have been created solely to purchase Remington’s assets from its bankruptcy proceedings; Richmond Italia, a paintball entrepreneur who is one of Roundhill’s two partners, said in court filings that he was approached by Ken D’Arcy, a professional race-car driver and manufacturing executive who was appointed CEO of Remington in 2019. D’Arcy suggested that Italia buy Remington’s firearms assets. (The two men knew each other because they had both served as CEOs and then sat on the board of GI Sportz, a paintball company that filed for bankruptcy in October 2020, shortly after Roundhill purchased Remington.) In November 2021, D’Arcy, who is still CEO of Remington, announced that RemArms was moving to LaGrange, Ga. Ilion officials scurried to give RemArms incentives to stay, offering a 50% discount on property taxes, but Remington seemed uninterested in negotiating. Some residents began to imagine a town without Remington; others, like Brown, remained skeptical that the factory would shut down. After all, RemArms had started calling workers like him who’d been laid off in 2020 back to the factory in April 2021 to restart manufacturing, and the company is now negotiating with the United Mine Workers of America, the union representing workers when Remington filed for bankruptcy, to ink a new contract for Ilion. The Roundhill Group did not respond to calls and emails seeking comment for this story. “Remington has been going to move elsewhere since my parents worked there,” says Brown, whose wife, two daughters, and son-in-law still work at the plant. “You hear it so many times over the years, you become numb to it.” Jason Koxvold for TIMEFrank “Rusty” Brown has worked at the Remington Arms factory since 1995. Remington’s hot-and-cold relationship with Ilion is not a rare case among American gunmakers. It may seem reasonable to assume, in light of recent state laws and lawsuits filed against them, that gun companies are under siege, their bottom lines threatened by regulations and shifting public attitudes toward firearms. But today more than ever, gun manufacturers like Remington (now RemArms), Smith & Wesson, and Colt are pulling the strings, convincing elected officials they have to choose between gun-control laws and manufacturing jobs. States in the South and West are offering millions in incentives to gun companies and loosening laws around gun ownership to show their fealty to gun culture, even as gunmakers have raked in $3 billion in profits since the pandemic began. Profits for gunmakers have been strong for the last decade, with both Smith & Wesson and Sturm Ruger & Co., the country’s two biggest gunmakers, surpassing $100 million in profit every year. That’s putting pressure on states like New York to loosen recently passed gun-control laws, to convince manufacturers to stay—even though often those manufacturers are just adding new locations in other states and not actually leaving their original homes. The gunmakers’ leverage makes sense in a country where manufacturing is still seen as the backbone of the country, even though jobs in the sector make up less than 10% of U.S. employment, down from one-quarter of employment half a century ago. Politicians and voters on the right and left often romanticize factory jobs that make products marketed as all-American, such as trucks, tractors, and guns, particularly if they’re set to remain on American soil. (In the case of guns, many buyers don’t want something manufactured in a foreign country where safety standards are perceived to be lower). As America has become more polarized, gun manufacturers have been able to orchestrate complicated political theater, threatening to move factories—and jobs—when gun-control legislation is passed in certain states. They are garnering millions of dollars in incentives from states and local economic development boards rolling out the red carpet to demonstrate their gun-friendly credentials. Despite evidence that giving incentives to factories isn’t a cost-effective way to create jobs, and often they actually lose money—as in the case of electronics maker Foxconn’s deal in Wisconsin—states know that attracting manufacturers is popular with voters. Remington is a master at this game. In 1995, the company announced that it was moving its headquarters to North Carolina, receiving $150,000 from the state to do so. In the end, no manufacturing jobs were moved to the state. Then, after private equity firm Cerberus Capital Management purchased Remington in 2007 and rumors swirled that manufacturing would be moved overseas to save money, the State of New York gave Remington $3 million to expand its Ilion plant, and then $2.5 million more in 2010 to add 100 jobs. Just three years later, in 2013, New York passed sweeping gun-control legislation the SAFE Act, which banned some assault-style weapons, began requiring background checks for nearly all gun sales, and prohibited people who’d committed certain offenses from possessing guns. Ilion politicians used the law’s passage to criticize state Democrats for driving Remington away, and indeed, Remington soon announced that it was being courted by five other states. Six elected officials from the Ilion area pledged assistance should Remington build a new manufacturing plant in the area, warning in a public letter that “the clock is ticking on an inevitable exit by Remington from the state.” Read more: How Gunmakers May Benefit From Mass Shootings In 2014, Remington announced it was moving two production lines to Huntsville, Ala., a decision the company’s CEO George Kollitides blamed on New York gun laws, citing “Alabama’s rich tradition of defending freedom,” as a “major deciding factor” in the move. At the time, a company spokesperson said the move was “a strategic business decision” to consolidate plants. But while the announcement provided a platform for conservatives to lambast New York’s gun laws, the Ilion plant continued to operate with around 1,300 employees. The jobs that moved to Alabama were from other Remington plants in conservative states like Montana, Utah, and North Carolina. Alabama’s play for Remington did not look so smart by 2020, when Remington filed for bankruptcy and owed $12.5 million to Huntsville, because it had not met the hiring numbers it had agreed to in its $70 million incentive deal with the city. The company appeared to be drawing from the same playbook when it announced it was moving its headquarters to LaGrange in 2021. “The decision to locate in Georgia is very simple: the state of Georgia is not only a business-friendly state; it’s a firearms-friendly state,” RemArms CEO Ken D’Arcy said at the time. RemArms secured $6 million in incentives from Georgia, and pledged to build a $100 million research and development center in LaGrange. According to T. Scott Malone, president of the Development Authority of LaGrange, RemArms has set up shop in an 80,000-sq.-ft. temporary facility, and recently started producing its first guns. RemArms specifically attributed its decision to move to a New York law passed in 2021 that would bypass blanket immunity provided to gunmakers under federal law, and make it easier to bring civil lawsuits against gun companies. “Unfortunately, if a law like that is passed in New York State, we would have to reconsider our options for the future and our plans to expand our New York operations,” Italia, the managing partner for Roundhill Group said in an email to Utica’s Times Telegram in July 2021. But the law applies to all gunmakers that sell guns in New York, which would include RemArms wherever it has its plants. But despite all the headlines, the company has told New York stakeholders that it now has no plans to close the Ilion facility. “Nobody’s moving to Georgia—in fact, they’re adding employees here,” says John Piseck, CEO of the Herkimer County Industrial Development Agency, a public-benefit corporation that can offer tax breaks to local businesses. RemArms has called back nearly all of the 609 workers Remington laid off when it filed for bankruptcy in 2020, according to Jamie Rudwall, president of the United Mine Workers of America. He notes that only 300 have actually returned, the rest having either found new jobs or retrained for new careers. Business is good. Because gun sales are soaring in the U.S., and manufacturers need to expand operations to keep up with demand, gunmakers can combine business decisions with lobbying, announcing that they’re opening a new factory in Georgia or North Carolina to meet demand while complaining about gun-control laws elsewhere. Retailers performed 21 million background checks associated with the sale of a firearm in 2020, a 62% increase from 2019, and twice as many as 2010, according to data from the National Instant Criminal Background Check System (NICS) that is used as a rough proxy for gun sales. The figures don’t include background checks for other purposes, like concealed carry permits. For workers like Brown, the constant push and pull is more of a nuisance than a threat to their livelihoods. Brown—whose wife, two daughters, and soon-to-be son-in-law work at the Ilion plant—says the company should know by now that it won’t find workers anywhere as skilled, dedicated, or patient with the company as those in Ilion. “It’s always, ‘We’re going to move to where there’s cheaper labor. We’re going to move to where there’s this law or that law.’ After so many years, you become immune to it,” Brown says. “And then to see them fail miserably in Alabama, it’s like, ‘I told you so.’ ” To this day, both Georgia and New York officials are still pulling for RemArms to bring some more good news to their communities, even though RemArms’ future looks a little shaky. Tax collectors in Alabama are already trying to foreclose on some of Roundhill’s recently purchased assets because they weren’t removed from the state in a timely fashion, according to bankruptcy documents. The firearms economy When Brown was growing up, there were lots of manufacturing jobs in upstate New York, but Remington was the place he wanted to be. “It was so hard to get in there, because it was the greatest job ever,” he says. Both his parents had worked there, so he knew: health care didn’t cost anything; he got a pension and a good wage; and he didn’t have to bother with college. By the time he was laid off in 2020, he was making $26.87 an hour—more if he worked nights or overtime. Brown is one of thousands of people in the U.S. Northeast who make a living manufacturing firearms. The area around western Massachusetts and Connecticut, nicknamed Gun Valley, has been a gunmaking hub since George Washington set up an armory in Springfield, Mass., in the late 18th century to keep weapons out of reach of the British Navy. In 1986, 47% of guns manufactured in the U.S. were made in Connecticut, 24% in Massachusetts, and 12% in New York, according to Jürgen Brauer, the chief economist with nonpartisan research group Small Arms Analytics, who analyzed historical data from the Bureau of Alcohol, Tobacco, and Firearms (ATF). But in recent years, amid rising political polarization, states in the South and West, desperate to attract jobs in the aftermath of the Great Recession, have attempted to lure manufacturers from Gun Valley. Their pitch: gun companies should move to places where people like guns. The sunset of the federal assault-weapons ban in 2004, and subsequent attempts by states to pass laws either loosening or tightening rules on gun ownership, signaled where gunmakers would be welcome. Some states even started to designate official state guns alongside their state flowers and fish. “We’re all here to show our support for the Second Amendment to our neighbors and communities,” Nebraska Governor Pete Ricketts said earlier this year, onstage with five other governors at the trade show of the National Sports Shooting Foundation (NSSF), which now spends more on lobbying than the National Rifle Association. (Around 10,000 guns were made in Nebraska in 2020, less than 1% of all guns made in the U.S.) Jason Koxvold for TIMEJamie Rudwall, president of the United Mine Workers of America. “There’s a trend of companies that have picked up and moved, and it’s really been accelerating as of late,“ says Mark Oliva, managing director of public affairs at the NSSF. The NSSF keeps a running list of gunmakers that it says have migrated from the Northeast to the South, including Kimber, Sturm Ruger & Co., and Beretta. But the NSSF’s list is misleading. Though some gunmakers have picked up and moved their factories south from states like Connecticut, the far more common occurrence is that they move only their headquarters to Southern states, but keep manufacturing in the state in which that factory already exists. Such a move can secure juicy incentives such as tax breaks and free facilities, and generate headlines about liberal states losing manufacturing, while sparing gunmakers the hassle of moving millions of dollars of equipment and hiring and training new workers. Indeed, most of the companies on the NSSF’s list of “gun industry migration” still have manufacturing in the northeast. The devil is in the details. According to Brauer’s analysis of ATF data, by 2020 just 1.42% of guns were made in Connecticut, and less than 1% in New York, while states like Georgia, North Carolina, and South Carolina accounted for 9%, 6%, and 5%, of firearm manufacturing, respectively. The two top states for gunmaking in 2020, according to the data, were Missouri and New Hampshire. However, those figures only show where guns are distributed, rather than manufactured, deceptively counting Smith & Wesson—the biggest producer of guns in 2020—as a Missouri company, even though its guns in 2020 were made in Massachusetts, not Missouri. The company generated headlines in 2017 when it announced it was moving to Missouri, receiving a 50% tax break over 10 years. But at the time, it only moved about 20 jobs from its Massachusetts headquarters. The data shows that Massachusetts made 21% of all firearms in 2015 and just 0.49% in 2020—but that’s because Smith & Wesson established a distribution center in Missouri, not because it moved its manufacturing, Small Arms Analytics’ Brauer says. And in October 2021, Smith & Wesson said it would be relocating its headquarters to Tennessee from Springfield, Mass., its home for 165 years, after a bill was introduced in the Massachusetts legislature that would have banned the manufacture of assault weapons for civilian use. (The bill has gone nowhere.) At the time, Smith & Wesson said it decided to move because “We are under attack.” What it did not make clear was that its manufacturing operations—accounting for about 1,000 jobs—would stay in Springfield, and that what it was moving to Tennessee was assembly and distribution of firearms. One-quarter of the jobs being moved to Tennessee are currently located in Missouri and Connecticut, not Massachusetts. The Missouri warehouse the company had received an incentive for just a few years before would be closed, Smith & Wesson said. The company received $9 million from the state of Tennessee and made a deal with the local economic development agency that gives it a 60% tax break for seven years. Its CEO, Mark Smith, thanked Tennessee’s governor and legislature for their “unwavering support of the 2nd Amendment and for creating a welcoming, business friendly environment.” Smith & Wesson did not respond to requests for comment for this story. Gunmakers are increasingly turning to this playbook. Kahr Arms, which said it was moving out of New York in 2013 because of “stricter gun control,” moved its headquarters to Pennsylvania, which also has relatively strict gun-control laws, and kept its manufacturing in Massachusetts. Meanwhile, Colt, which threatened to move after Connecticut considered gun control laws in 2008 and passed them in 2013, decided to remain and then received a $10 million loan from the state of Connecticut in 2017. Colt made 158,501 guns in Connecticut 2020 and was recently bought by Czech company Česká zbrojovka Group (CZG), which itself received incentives in 2019, including 73 acres of free land by the state of Arkansas to build a gunmaking plant there. That Little Rock, Ark. plant has been put on hold, and the company says it has no plans to move Colt out of state. “Once situated in one state, it is exceedingly rare for a firearms manufacturer to move its entire operation to another state,” says Brauer. His research has found that gunmakers that say they’re leaving a Northeast state because of its gun-control policies usually keep a substantial presence there, and that they leave not because of the political climate but because they can find nonunionized, lower-paid workers in the South—and get millions of dollars in incentives. In 2010, for example, Olin Corp., owner of a Winchester ammunition factory, moved 1,000 jobs from Illinois to Mississippi after union workers in Illinois rejected a contract that would have reduced their pay. And a Remington executive told the New York Times in 2019 that in Ilion, the union “had them by the balls,” one reason the company moved some operations to Alabama from New York. Oliva, of the National Sports Shooting Foundation, says that moving operations is not a decision gunmakers take lightly, but that Smith & Wesson and other companies have to consider “the survival of a business” when states like Massachusetts talk of banning the manufacturing of some assault weapons to anyone but police and the military. The companies keep some manufacturing in the places where they were founded, out of loyalty to workers, he says, but “it is clear that many of these manufacturers are expanding to other states which are more friendly business environments and more friendly to gun rights.” For RemArms worker Brown, one of the ironies of the company’s indicating it will move to a state friendlier to gun owners is that Ilion is a place where people love guns. Ilion residents will offer to show strangers their gun collections, or wax lyrical about their favorite hunting rifle. Ask them about gun-control legislation, and they’ll blame Democrats, or politicians in Albany, for punishing the law-abiding citizens who want to own guns to hunt or to protect themselves. (Herkimer County voted for Donald Trump over Joe Biden in 2020 by a 2-to-1 margin.) Even “barber John” Seymour—still widely recognized locally as a mass-shooting survivor—is skeptical about the effectiveness of gun-control laws. “It’s tough for me to see the stuff that goes on in places like Uvalde,” he says. “But that guy would have gotten a gun no matter what—he was on a mission.” He points to the difficulties of assessing someone’s mental health when deciding whether they should be allowed to purchase a gun. In Seymour’s own case, the man who shot him, Kurt Myers, was mostly known locally as a loner who kept to himself, but authorities never found a motive for why he’d shot six people. It’s laws like New York’s SAFE Act that have most riled people in Ilion. “The climate changes when you say, ‘Big bad Remington is making this big mean gun in the middle of our state,’ ” says Rudwall, the union rep. “Look at the comments these politicians made: they demonize the tool, not the dude that did it.” When Remington threatens to leave, locals often blame state politicians for driving gunmakers out of the state. New York Republican Congresswoman Claudia Tenney has seized on that sentiment, campaigning to overturn the SAFE Act, lambasting former New York Governor Andrew Cuomo for what she has called “failed economic and anti–Second Amendment policies in New York,” and using her positions on guns to shore up her connection with Donald Trump. At a fundraiser Trump held for Tenney in 2018, he warned attendees: “They want to end your Second Amendment and they’re putting a big move on it … Cuomo wants to end your Second Amendment more than anybody.” In 2020, when Remington filed for bankruptcy, Tenney said she’d contacted President Trump and would get the factory reopened, and that it would “eventually employ a workforce significantly larger than the plant’s previous head count.” (It’s unclear whether Trump intervened.) A week later, Tenney was re-elected in one of the most expensive House races in the country, by 109 votes. Jason Koxvold for TIMERemington Arms has told New York stakeholders that it now has no plans to close the Ilion facility. Gunmakers’ threats to leave states in the Northeast have helped to stoke fear among some employees. As soon as renderings of the LaGrange RemArms headquarters started showing up online, Brown says his daughters and other workers on the factory floor began to express concern that they would lose their jobs. The pictures emerged just as the union was in the middle of negotiations with RemArms over wages and benefits, and people around the plant started hinting that the union should take whatever deal it could, says union representative Rudwall. Negotiations are still ongoing. “My daughter says, ‘Daddy, look at this brand-new facility, they’re not going to stay here,’ ” Brown says. “So when Jamie [Rudwall] comes back with a contract, whether they like it or not, they say, ‘Yes,’ because we want to keep working.” There are other jobs in Ilion; in this economy, there are other jobs just about anywhere. They’re just not manufacturing jobs. The county’s largest employer is now Tractor Supply, which is a distribution center. Verizon has a presence in the area, and Amazon is opening a warehouse nearby too. But some of the laid-off Remington workers who missed their chance to go back to the factory say they’d go back if given the opportunity. Allen Harrington worked at the Remington factory in Ilion for eight years. In October 2020, a few months after Remington filed for bankruptcy, the company laid off nearly all of its Ilion workers. Harrington was on the factory floor at the time, until a supervisor came in and said they had to shut everything down, and that everyone was terminated, and that health care, severance, and other benefits would be gone at the end of the month. Harrington eventually found a job making $13 an hour in a warehouse, down from the $25 he had made at Remington. He kicks himself for not going back to school after being laid off, but he felt too old—and he felt sure that the factory would re-open and he could work in manufacturing again. It’s hard to let go. “I loved that job,” Harrington says. “I know it’s uncertain there, but I’d go back in a heartbeat.”.....»»

Category: topSource: timeAug 19th, 2022

Auto Roundup: GM and F"s China Sales Plunge in Q2 Grab Eyeballs

General Motors (GM) and Ford (F) see their Q2 vehicle sales in China plunge to record low levels since the onset of the pandemic in 2020 amid the resurgence of COVID-19-induced curbs and severe supply chain snafus. General Motors GM unveiled weak second-quarter vehicle sales data in China. The results were released less than a week after the legacy automaker issued a warning that its upcoming results would be materially impacted by the severe ongoing supply chain snarls. Close peer Ford F also reported its worst quarterly sales data in China since the onset of COVID-19 lockdowns in 2020. Nonetheless, the company bucked the trend of declining sales in the United States and posted a 1.8% uptick in deliveries in the second quarter of 2022.Houston-based auto retailer Group 1 Automotive GPI exited Brazil and provided an update on its buyback activity. Transmission manufacturer Allison Transmission Holdings ALSN is set to offer propulsion solutions for the U.S. Army’s new M88A3 HERCULES prototype vehicle. The Italian-American carmaker Stellantis STLA made the headlines on trimmed annual production forecast in Italy amid growing supply chain issues.While Group 1 presently sports a Zacks Rank #1 (Strong Buy), Allison carries a Zacks Rank #2 (Buy). Stellantis and General Motors carry a Zacks Rank #3 (Hold) currently. Meanwhile, Ford has a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank stocks here.Last Week’s Top Stories1. General Motors sold 484,200 vehicles in China during the second quarter of 2022. Volumes declined 36% year over year and marked the lowest levels since the first quarter of 2020. Sales recorded double-digit drops at all five GM brands — Buick, Cadillac, Chevrolet, Baojun and Wuling. Overall sales of the Buick brand fell 43.1% to 128,300 units. Chevrolet sales tailed off 36.7% to 40,000 units. Cadillac sales dipped 42.2% to 36,900 units. Sales at SAIC-GM-Wuling — GM’s joint venture responsible for Wuling and Baojun brands — declined 29% percent to 279,000 units, with Wuling brand sales down 22.7% and Baojun sales tanking 78.5%.The resurgence of coronavirus-induced curbs and devasted supply chain systems hurt the sales volume. During the first six months of 2022, General Motors’ sales in China contracted 28.3% to 1,097,600 units. The company’s CFO Paul Jacobson noted the situation in China as “obviously challenging,” citing “some short-term issues that we’ve had to work through.”2. Ford sold 120,000 vehicles in China in the second quarter of 2022, indicating a 22% decline on a yearly basis. This marked the lowest sales in the country since the first quarter of 2020, when the company sold close to 89,000 vehicles. Nonetheless, Ford’s June sales improved with the easing of restrictions, as overall sales totaled more than 50,000 units, up 3% and 38% on a yearly and monthly basis, respectively.Early last week, Ford also reported its US sales data for the quarter under discussion. Ford sold 483,688 vehicles in the United States in the second quarter of 2022, inching up 1.8% year over year. The company exited the second quarter with 297,000 units of gross stock, which was up from about 236,000 in gross stock inventory at the end of May, although many of the new units are in transit.3. Group 1 announced that it concluded the divesture of its operations in Brazil after operating there for nine years. Group 1’s subsidiary GPI SA completed the sale under the share purchase agreement with Original Holdings. UAB Motors Participações — a wholly-owned subsidiary of GPI — was the intervening party. Per the deal, Original acquired all of the issued and equity interests of UAB from Group 1 for BRL 510 million. UAB operated 16 dealerships as of 2021-end and generated BRL 1.7 billion in revenues last year.Group 1 also updated investors regarding its share repurchase activity. Year-to-date, GPI bought back 1,437,729 shares at an average price of $176.74 for a total of $254.1 million, which depicts 8.3% of Group 1's outstanding share count at Jan 1, 2022. The company’s return on equity (ROE) of 38.4% compares favorably with the industry’s 36% as well as the auto sector’s 10.3%, underscoring management's efficiency in rewarding shareholders.4. Stellantis hit a 52-week low last week amid a union report warning that an intensifying semiconductor supply shortage is likely to weigh on Stellantis’ annual production in Italy. The union report by the Italian Federation of Metalworkers (“FIOM”) stated that it expects Stellantis' output during the year to shrink by as much as 220,000 vehicles. Per the union, the projected decrease, led by a tight supply of raw materials and chips fueled by the Russia-Ukraine war and its impacts on European gas supplies, has led to such dire constraints.The FIOM opined that production was already down by 13.7% in the first half of 2022, with the company producing 351,890 vehicles. The output of commercial vehicles, especially, slumped by more than a third. Stellantis' plant in Melfi, accounting for about 38% of all cars produced by the group in Italy, saw a significant fall in the first-half production. Volumes at the site have fallen 17% from the previous year. The Sevel unit is also likely to record a first-half production decline of more than 37%.5. Allison announced that it will provide the X1100 TM-5B propulsion solution for the U.S. Army’s new M88A3 HERCULES (Heavy Equipment Recovery Combat Utility Lift and Evacuation System) prototype vehicle. This initiative is in line with the Army’s continued investments in combat preparedness and fleet modernization. The program underlines Allison’s long-term strategic relationship with the Army. The company’s partnership with the Department of Defense dates back to 1946 to develop propulsion solutions that function in the toughest conditions.Allison is known for engineering and manufacturing reliable and fully customizable propulsion solutions, which reduce customer downtime and increase the ability to accomplish mission objectives. The X1100-5B is a reliable and durable propulsion system based on the renowned Abrams Main Battle Tank drivetrain solution. Also, Allison will provide a new, advanced electronic controls system and new final drive components to meet the needs of the recovery vehicle application.Price PerformanceThe following table shows the price movement of some of the major auto players over the last week and six-month periods.Image Source: Zacks Investment ResearchWhat’s Next in the Auto Space?Industry watchers will keep a tab on June passenger vehicle registrations to be released by the European Automobile Manufacturers Association soon. Also, stay tuned for any updates on how automakers will tackle the semiconductor shortage — aggravated by the Russia-Ukraine war— and make changes in business operations. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Stellantis N.V. (STLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 11th, 2022

EV Roundup: TSLA"s Q2 Deliveries, VWAGY"s ID. Aero Concept & More

Tesla's (TSLA) Q2 deliveries decline from Q1 levels but rise year over year. Meanwhile, Volkswagen's (VWAGY) sale of a minority stake in Electrify America to Siemens also grabs attention. Second-quarter 2022 delivery updates from electric vehicle (EV) king, Tesla TSLA, as well as China-based EV players, including NIO Inc. NIO, Li Auto LI and XPeng XPEV took center stage last week. Tesla reported weak second-quarter deliveries, putting an end to the string of record quarterly deliveries. Parts shortages and pandemic-related production shutdowns at Tesla’s plant in Shanghai caused a big drop in the electric car maker’s global vehicle deliveries. Among the China EV majors, XPEV recorded the highest number of deliveries. Finally, Germany-based auto biggie Volkswagen VWAGY made it to the headlines as it divested a minority stake in Electrify America and also unveiled the ID. Aero concept.Tesla, Li Auto, XPeng, Volkswagen and NIO carry a Zacks Rank 3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recap of Last Week’s Important Stories1. Tesla released its second-quarter 2022 production and deliveries update. It produced more than 258,000 vehicles (comprising 16,411 Model S/X units and 242,169 Model 3/Y units). Notably, June was the month of the highest vehicle production in Tesla’s history. Second-quarter deliveries totaled 254,695 units (consisting of 16,162 Model S/X units and 238,533 Model 3/Y units), which snapped a two-year streak of quarter-on-quarter gains.A resurgence in COVID-19 cases in China had forced Tesla to temporarily shut down its largest factory in Shanghai. However, the company is set to ramp up production at the Shanghai factory which will help boost deliveries in the second half. While second-quarter 2022 deliveries reduced from 310,048 deliveries in the first quarter, they recorded year-over-year growth of 26.5%.2. NIO announced that it delivered 12,961 vehicles in June 2022, marking an increase of 60.3% year over year. The deliveries consisted of 1,684 ES8s, 5,100 ES6s, 1,828 EC6s, and 4,349 ET7s. In the second quarter of 2022, 25,059 vehicles were delivered, which increased 14.4% year over year. Cumulative deliveries of 217,897 vehicles were recorded as of Jun 30, 2022.In June, NIO launched the ES7, a new mid-large five-seater, smart-electric SUV. The vehicle is the first SUV to be based on NIO Technology 2.0 (NT2.0), the latest technology platform of the company. NIO also introduced the 2022 ES8, ES6 and EC6, containing the upgraded digital cockpit domain controller and sensing suite, which enhance the computing and perception capacity as well as the digital experience of the vehicles. Deliveries of the four models are expected to begin in August 2022.3. XPeng recorded monthly deliveries of 15,295 Smart EVs in June, up 133% year over year. Deliveries covered 8,045 P7s, 5,598 P5 smart family sedans and 1,652 G3i and G3 smart compact SUVs. It delivered 34,422 Smart EVs in total in the second quarter, topping the list of emerging auto brands in China for the fourth consecutive quarter. As of Jun 30, 2022, year-to-date total deliveries were 68,983 units, a whopping 124% increase year over year.From mid-May, XPeng increased deliveries by resuming double-shift production at its Zhaoqing plant. Last month, XPEV reached the milestone of 200,000 cumulative deliveries. XPEV intends to start accepting pre-orders for its new flagship G9 SUV in August, followed by an official launch in September. It also plans to release its new City Navigation Guided Pilot after receiving relevant approvals.4. Li Auto saw deliveries of 13,024 Li ONEs in June 2022, up 68.9% year over year. With this, the company’s second-quarter deliveries were 28,687, representing a 63.2% year-over-year increase. The cumulative deliveries of Li ONE totaled 184,491 since the vehicle made its debut in 2019.Li Auto also officially unveiled Li L9, the flagship smart SUV for families, in June. The vehicle is a six-seat, full-size flagship SUV, offering ample space and comfort for family users. It also boasts the company’s self-developed autonomous driving system, Li AD Max, and premium vehicle safety measures to protect every family passenger. The vehicle has a retail price of RMB459,800. Since its launch, it has received more than 30,000 orders, each with a basic refundable deposit of RMB5,000. Deliveries will be initiated by the end of August.5. Volkswagen announced that it sold a minority stake in its EV charging business, Electrify America, to Siemens. The deal would bring the valuation of the charging network to more than $2 billion.Volkswagen and Siemens would jointly invest $450 million to double the number of Electrify America’s charging stations across the United States and Canada by 2026. The deal is synchronous with Siemens’s existing operations in the EV charging sector. The company recently said that it plans to expand its manufacturing operations in the United States as part of a plan to manufacture more than 1 million EV chargers in the country over the next four years.In another development, Volkswagen revealed the ID. Aero – a concept related to its future electric sedans – will go into production worldwide in early 2023. As Volkswagen’s global ID. family of EVs continues to expand with growth more than doubling in 2021, the auto giant is set for a momentous run.The vehicles form part of Volkswagen’s ACCELERATE strategy to bolster EV adoption and aim for net-zero emissions and be climate-neutral across the entire company chain by 2050. The strategy also targets to include a new BEV model each year through 2026.Price PerformanceThe following table shows the price movement of some of the major EV players over the last week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Space?Stay tuned for announcements of upcoming EV models and any important updates from the red-hot industry. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report NIO Inc. (NIO): Free Stock Analysis Report Volkswagen AG Unsponsored ADR (VWAGY): Free Stock Analysis Report Li Auto Inc. Sponsored ADR (LI): Free Stock Analysis Report XPeng Inc. Sponsored ADR (XPEV): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJul 6th, 2022

Auto Roundup: WGO and KMX"s Quarterly Earnings Beat, TM"s Output Cut and More

Winnebago (WGO) and CarMax's (KMX) earnings top estimates. But while WGO's profits soar y/y, KMX's earnings fall. Meanwhile, Toyota (TM) cuts July production targets amid a supply chain crisis. Last week, the European Automobile Manufacturers Association (“ACEA”) released data for commercial car registrations for May 2022. The European Union (EU) passenger vehicle market contracted 17.7% in May to 136,410 units, marking the eleventh straight month of decline. A fall in new van sales primarily impacted the results. Most of the countries in the EU witnessed a double-digit drop in registrations, including four key markets. Registrations in Italy, Germany, Spain and France witnessed a yearly decline of 11.1%, 19.5%, 29.3% and 16.8%, respectively. During the first five months of 2022, new commercial vehicle registrations contracted 19.8% from the prior-year period to 673,095 units. Registrations in Italy, France, Spain and Germany declined 8.2%, 22.3%, 31.2% and 17.1%, respectively, over the same timeframe.On the news front, recreational vehicle maker Winnebago Industries WGO and used vehicle retailer CarMax KMX unveiled their quarterly results. Japan’s top maker Toyota TM announced production cut plans for the month of July due to supply chain disruptions. U.S. legacy auto giant General Motors GM plans to halt operations at its Factory Zero facility in Michigan for four weeks to prepare for a production expansion. Meanwhile, France-based tire maker Michelin MGDDY collaborated with Hyundai for sustainable electric vehicle (EV) tires.While Winnebago, General Motors and Toyota carry a Zacks Rank 3 (Hold), Michelin and CarMax presently hold a Zacks Rank #4 (Sell) and #5 (Strong Sell), respectively.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recap of Last Week’s Important Stories1. Winnebago reported third-quarter fiscal 2022 (ended May 28, 2022) adjusted earnings per share of $4.13, surpassing the Zacks Consensus Estimate of $3.01 and surging 84% year over year. This outperformance can be attributed to higher-than-anticipated revenues across all segments. The company reported revenues of $1,458 million for the quarter under review, outpacing the Zacks Consensus Estimate of $1,204 million. The top line also grew 52% year over year.Winnebago had cash and cash equivalents of $238 million as of May 28, 2022, down from $434.6 million on Aug 28, 2021. Long-term debt (excluding current maturities) totaled $541.4 million, down from $528.6 million recorded on Aug 28, 2021. During the quarter under review, WGO repurchased shares worth $70 million. It approved a payout of 18 cents a share, payable on Jun 29, 2022, to shareholders of record as of Jun 8, 20222. CarMax reported first-quarter fiscal 2023 (ended May 31, 2022) net earnings per share of $1.56, beating the Zacks Consensus Estimate of $1.51 amid higher-than-anticipated revenues from the wholesale segment. The bottom line, however, decreased from $2.63 per share recorded in the year-ago period. The auto retailer registered revenues of $9,311 million for the May-end quarter, which fell short of the Zacks Consensus Estimate of $9,375 million. The top line, however, recorded a 21% year-over-year increase.During the fiscal first quarter, CarMax bought back 1.6 million shares of common stock for $157.6 million under the share repurchase program. As of May 31, 2022, it had $2.62 billion remaining under the share-repurchase authorization. The company opened one new store during the fiscal first quarter. KMX currently operates more than 230 used car stores. In fiscal 2023, CarMax targets to open 10 stores. It expects fiscal 2023 capital expenditure to increase to $500 million.3. Toyota slashed its production plan yet again amid exacerbated supply chain snarls due to the Russia-Ukraine war and COVID-induced curbs in China. It trimmed its July worldwide output target by 50,000 vehicles. Volumes for July are expected to be around 800,000 units (with 25,000 units in Japan and 550,000 units overseas). The automaker also expanded production halts at its Motomachi and Takaoka plants.Toyota expects the average global output for the July-September period to be around 850,000 units per month. Nonetheless, it hasn’t lowered its fiscal 2022 global production target of 9.7 million vehicles but has notified that there might be a "possibility" that the forecast might be lowered. Considering the production cuts and a limited supply of microchips, inventory is likely to remain low for quite some time. The executive vice president of sales for Toyota North America, Bob Carter believes that it would take around six months for inventory rates to normalize after the supply chain recovers. 4. General Motors decided to suspend production of its all-electric pickup, Hummer EV, at the Factory Zero facility in Michigan for four weeks to modify and increase the unit’s production capacity. Per media sources, the downtime will stretch from Jun 27 to Jul 22. The company noted that the upgrades were taking place earlier than the scheduled date, and affected employees have already been notified.The plant aims to launch the Chevrolet Silverado EV and GMC Sierra Denali EV pickups next year together with an autonomous van, the Origin, for its self-driving ride-share company, Cruise. Notably, GM delivered a mere 99 of the Hummer EV Edition 1 pickups during the first quarter of 2022. However, it has more than 77,500 reservations in hand and will be bolstering its output throughout the year to cope with the demand.5. Michelin has inked an agreement with South Korean automaker Hyundai Motor to develop next-generation tires for the latter’s premium EVs. The agreement is a continuance of a five-year partnership signed in November 2017 to manufacture an exclusive tire for the Hyundai Ioniq 5. The recent deal will run for three years, during which both the companies aim to conduct a study on tire wear, tire load and road friction beyond the current degrees of tire temperature and air pressure. They will also explore ways to up the use of eco-friendly materials in tires to about 50% of the total tire weight from the current 20%.The properties of the tires are supposed to contribute to autonomous driving technology via a real-time tire monitoring system. The partnership pivots on the success of the previous venture of the Hyundai Ioniq 5 and now looks to offer safer and cleaner mobility. Both companies are optimistic about the breakthrough innovation plans coming to fruition and creating synergies in the collaboration.Price PerformanceThe following table shows the price movement of some of the major auto players over the last week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Auto Space?Industry watchers will keep a tab on U.S. vehicle sales for the month of June. Also, stay tuned for any update on how automakers will tackle the semiconductor shortage — compounded by the Russia-Ukraine war and COVID-19 restrictions in China — and make changes in business operations. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toyota Motor Corporation (TM): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report CarMax, Inc. (KMX): Free Stock Analysis Report Winnebago Industries, Inc. (WGO): Free Stock Analysis Report Michelin (MGDDY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 27th, 2022

The Big Business of Being a Peloton Instructor

Peloton instructors are building empires—and making money During halftime at a Brooklyn Nets game in December, a cluster of 20- and 30-something women made a beeline for the court. John Legend and Chrissy Teigen were there, sitting in prime seats, but the couple wasn’t their target. These women were hoping to take a picture with Ally Love, the team’s in-arena host. Love, one of Peloton’s most popular instructors, flashed a smile at the group and made a gesture suggesting they could huddle in the stands as she introduced a breakdancing team. They did so dutifully. Even after the game resumed, they kept hovering around her. Love, a former dancer, was already working with both the Nets and Adidas when she joined Peloton as a cycling instructor in 2016, but since then, her opportunities have grown significantly. She has partnered with Nissan, NARS, and massage-device maker Therabody. She’s also built her own brand, and fans can purchase $25 socks or $78 sweatpants with the Love Squad logo on her website. She recently spent time in London hosting an upcoming Netflix dance competition. “I’ve opted into the slash generation,” she says, referring to the phenomenon of millennials with multiple income streams. “I can get a little impatient if I’m doing the exact same thing every day.” [time-brightcove not-tgx=”true”] Much ink has been spilled about the parasocial relationships Peloton devotees form with their instructors. Each one cultivates a certain style, whether it’s motivational mama or drill sergeant, and members gravitate to the ones whose personalities appeal to them, the ones they think could be their friends. “They’re talking to us every day, right?” says Jared Watson, a marketing professor at NYU’s Stern School of Business. “They might not hear us talk back. But it feels like we’re engaging in a relationship with them.” According to interviews with five of Peloton’s top instructors, that relationship is lucrative. Victor Llorente for TIMERobin Arzón, Peloton’s VP of Fitness Programming These instructors may film eight Peloton classes a week and spend hours planning workouts, creating playlists, and writing scripts for future sessions. But these days, that’s just the baseline. Having built considerable followings on social media, they’ve also become influencers, able to drive fans who admire their lifestyle to buy the items they’re hawking. They’re so sought-after, in fact, that some now have their own agents and earn a sizable portion of their income through endorsement deals and partnerships, appearing in traditional advertising and posting sponsored content. And they hold sway over a particularly affluent audience. Peloton charges nearly $2,000 for its newest bike—and that’s before the cost of cycling shoes, weights, and a monthly subscription for classes. The Peloton bike (or lightly fictionalized versions of it) has featured prominently on shows like Emily in Paris and Curb Your Enthusiasm as a signal of wealth and privilege. Instructors benefit from that cultural cachet. Chief content officer Jennifer Cotter, who cut her teeth managing talent at HSN (formerly known as the Home Shopping Network), was brought in three years ago to help navigate the instructors’ growing fame. “My original intent was really to reduce the friction instructors were starting to feel here,” she says, explaining that they were waiting a long time to hear back about brand partnership opportunities. The instructors’ stars have continued to rise even as Peloton’s has begun to lose some of its sheen. The company was a pandemic juggernaut, growing its revenue from $915 million in 2019 to $4 billion in 2021. But a return to gyms, product recalls, and a series of PR disasters—including episodes of And Just Like That … and Billions in which characters suffer heart attacks after riding the bike—have taken a toll. In February, Peloton announced its CEO John Foley was stepping down, and it was cutting 2,800 jobs. (No instructors were laid off.) The quarterly report released in May showed that revenue tumbled 24% compared to last year, and Peloton lost $757 million last quarter. Still, the relationship between the company and its marquee talent remains symbiotic: certain instructors might be big enough to make it on their own as influencers if they were to leave, but they would lose an unparalleled platform in terms of reach—7 million members—and a key connection point with their fans. Read More: America’s Going to the Gym Again. That’s Bad News for Peloton, But Great News for Mental Health Ask Love or her Peloton peers if changes at the company have affected their plans, and they’ll say they’re concentrating on inspiring their acolytes to climb steep hills and lift heavy weights. But as a look at their expanding portfolios makes clear, they are also capitalizing on their moment in the spotlight to establish their own mini-empires. In March 2020, Peloton shut down its New York City studio, and in April, head instructor Robin Arzón led a cycling class from her apartment. Everything about this first “live from home” session was MacGyvered: Arzón fidgeted with the music on her laptop, and Janet Jackson’s “Nasty” occasionally drowned out her aphorisms about building character in trying times. She shouted out a few usernames. “ElaineNeedsWine,” she read, laughing. “I have a feeling you might not be alone, Elaine.” Twenty-five thousand people tuned in, in no small part to get a peek at Arzón’s apartment. In recent years, Arzón, 40, has welcomed riders not only into her home but into her life. She’s shared her journey with IVF, pregnancy, and motherhood. “The frequency with which people come up to me crying, I’m still figuring out how to manage that. It’s a new, intense thing that happens every single day,” she says. “A woman announced her pregnancy to me in the bathroom of an airport in Puerto Rico. And it was because she had worked through her grief and her joy with me [on the bike]. More common than not, that’s the reaction: the physical shaking, quivering.” The instructors have worked with Peloton to figure out how to make what riders love about them marketable. Arzón, for instance, would describe herself as Type A—she loves a vision board and taught an 11-episode MasterClass course on how to manifest success. (A MasterClass spokesperson declined to comment on instructor compensation, but a 2017 Hollywood Reporter article said they are paid at least $100,000.) An experience being held hostage at gunpoint inspired Arzón to take up running and eventually pivot from a career as a corporate litigator to one in wellness. She’s now Peloton’s vice president of fitness programming. In recent years, she’s evolved her brand to center more on motherhood: She’s developed prenatal and postpartum workouts; she dots her Instagram with images of her daughter Athena, with whom she posed on the cover of Parents Latina magazine; her children’s book Strong Mama recently became a best seller; and she struck a deal with Pottery Barn Kids. Victor Llorente for TIMEAlly Love, Peloton Instructor But instructors must maintain a careful balance when showcasing their personal lives. Love, for instance, has tried to cultivate intimacy even as she draws more eyeballs to her accounts. Vogue, People, and “Page Six” breathlessly covered her five-day wedding in Mexico, which included 200 drones taking to the sky to spell Love You, but only her followers could view more personal photos from the extravaganza in her Instagram Stories. She cites her husband’s privacy concerns for this decision: “He’s my No. 1 supporter, but he didn’t sign up to be a Peloton instructor, so it’s about making sure that I protect the people I love and respect their boundaries while servicing my community so they know they have access.” Of course, gating the wedding content only drove more people to follow her account. Courtesy of Mike Lawrence The newer instructors often look to the veterans with proven social media savvy. Cotter cites a conversation between Love and fellow instructor and former makeup artist Tunde Oyeneyin as an example of how Peloton talent curate their social feeds to score endorsements. “Ally actually gave her advice that maybe you should do makeup on social media,” says Cotter. “Tunde got a Revlon deal out of that.” When Cody Rigsby, now 35, first joined Peloton, he thought perhaps imitating Arzón would be the best route to success. “It wasn’t authentic to me,” he says. “Robin is amazing at being Robin. I had to figure out who Cody was.” Rigsby, who sports a Mickey Mouse tattoo on his bicep and worships Britney Spears, studied his sessions and found riders responded to his pop culture references and self-deprecation. They loved when he opined on the texture of Cheetos. “I became sort of the opposite of an inspirational fitness trainer,” he says. Victor Llorente for TIMECody Rigsby, Peloton Instructor Rigsby now boasts 1.2 million Instagram followers, the most of any Peloton instructor. In 2021, he competed on Dancing With the Stars and made it to the finale with his partner Cheryl Burke. (A Dancing With the Stars representative said the show does not comment on contestants’ salaries, but Variety reported in 2019 that they make $125,000 during the initial weeks and earn bonuses as they progress, maxing out at $295,000.) Peloton set up a makeshift studio in its Pasadena showroom while Rigsby was in Los Angeles, and he would film classes between rehearsals and performances. His recent deals include Gatorade, Chobani, Capital One, Invisalign, Adidas, Pure Leaf, Whole Foods, Primal Kitchen, Therabody, and Degree. Eric McCandless—ABC/Getty Images Emma Lovewell, too, has seen her offers expand. She had sent out a newsletter with recipes, gift guides, and travel tips to her riders at Peloton competitor SoulCycle. But it was only after she switched to Peloton that she was able to build the business. “At SoulCycle, I was reaching 40 to 50 people a class—hundreds of people, tops, all in New York City,” says Lovewell, 34. “Peloton is just massive.” She’s also designed jeans for the brand Sene, modeled for Under Armour, and developed recipes with plant-based food company Kite Hill. Victor Llorente for TIMEEmma Lovewell, Peloton Instructor A 2020 study on the influencer market found that the most valuable level of social media influencer to corporations is the “macro-influencer” who has between 100,000 and 1 million Instagram followers. “It’s a sweet spot, because they are not super expensive yet, but they still have a sizable follower base and they’re more authentic and get more engagement,” says co-author Colin Campbell, a marketing professor at the University of San Diego’s Knauss School of Business. “Once they get bigger, they tend to become more diva-like in terms of their demands and pay.” Arturo Holmes—Getty Images Alex Toussaint, who has 571,000 Instagram followers, falls squarely into that macro-influencer category. He has deals with Puma and Hyperice, another massage-device company, and wants to model his career on athletes who tend to be selective about where they lend their names, like LeBron James and Steph Curry (who takes Toussaint’s classes). When Toussaint, 29, became a Puma global ambassador last year, he partnered with the athletics brand to invest in his foundation, Do Better, which uplifts marginalized communities. “I’ve never chased a dollar. I’ve always chased purpose,” says Toussaint. “My grandmother always told me purpose is the most powerful, and the money will follow.” Victor Llorente for TIMEAlex Toussaint, Peloton Instructor Still, more followers translate to more money. “It wouldn’t be surprising to me if instructors like Cody and Robin are getting close to $20,000 per post on average,” says Watson of NYU. Asked how much she makes from outside endorsements, Arzón is coy. “It’s more than my income at Peloton,” she says. “Let’s just say it’s a few salaries.”   Paras Griffin—Getty Images When Barry McCarthy took over as CEO in February, instructors’ outside deals—and time away from the studio—came under scrutiny. “He was like, ‘Tell me again why we let them do this?’” says Cotter. “Not everyone at the organization always understands. Why not just tell them the equivalent of ‘Shut up and dribble’? The answer is that these are professional athletes that deserve to go far in life, and Peloton is absolutely building a business off their brilliance. So why not make them feel super valued?” Read More: How ‘Subscribe to Me’ Became the Future of Work These days Peloton instructors can run potential deals by a committee and get a quick answer. Cotter even encourages new instructors to look into outside partnerships after about a year and a half. Peloton prohibits its instructors from making commercials with competitors, endorsing alcohol brands, or appearing in adult films, but almost anything else is fair game. “Did people watch Dancing With the Stars and go buy a Peloton? We’re not sure that happened, but we don’t care,” says Cotter of Rigsby’s stint on the show. “It exposed him to the masses, and that’s great value for him, which is great value for us. There’s not a direct response in our business, but it does make people at Peloton feel happy and heard and respected.” Victor Llorente for TIME The company also doesn’t dictate what instructors say on the bike. During the racial justice protests in 2020, Toussaint made an impassioned speech in a class. “For some of y’all, I’m the one person from the African-American community in your household,” he said. He shared his own stories of getting pulled over by the police on social media. “I never had to ask approval for anything,” says Toussaint. “The reason you get the job is that level of trust and authenticity.” Lovewell has similarly spoken out about anti-Asian hate during rides. The only time Cotter really pushes back against instructors is when they want to take on too much, as she worries they might dilute the trust they have built with their followers if they endorse every product. Rigsby admits his initial inclination was to sign more deals: “In retrospect, I’m glad they guided me away from certain partnerships that weren’t worth my time.” Very few instructors have left the Peloton family, in part because they’re afforded so much leeway. But this freedom isn’t the only reason they stay. A Bloomberg report from January 2021 found that senior instructors made $500,000-plus in compensation. A recent earnings report nodded to their value, noting that Peloton’s declining stock price may hamper its ability to hire and retain top-tier fitness talent who are offered shares in the company. “If they haven’t left the Peloton ecosystem, it’s almost certainly because Peloton has signed them to exclusive contracts where they’re paying them several million dollars,” Watson says. (A Peloton spokesperson said the company does not comment on employee compensation.) Instructors also know that just as Peloton’s future is uncertain, physically, they can’t do this job forever. They’re incentivized to squeeze what they can out of the gig. Toussaint, who went to military school and worked his way up from mopping floors at a cycling studio to being a fitness pro to the stars, compares the life of an instructor to that of a professional athlete. “We train. We study the tape. We produce at a high level every single day,” he says. But that intensity can take a toll. Rigsby acknowledges that his body simply cannot sustain riding the bike every day for years on end. “I grew up with a single mother who was on welfare and food stamps. We went through multiple evictions. So my relationship with money is interesting,” he says. “I recognize that notoriety and fame only lasts for so long, so I do want to capitalize on it in an authentic way and set myself up for success in the future.” Victor Llorente for TIMEClockwise from top left: Peloton instructors Cody Rigsby, Alex Toussaint, Ally Love, Robin Arzón, and Emma Lovewell in May in New York City Peloton reopened in-person classes to a small number of members on June 10, in a new Manhattan studio specifically designed to showcase its stars, with a larger floor plan and more cameras. The studio will fully reopen later this summer, and Peloton riders are already taking to social media to plan “Pelogrimages” to New York to work out with their favorite instructors. Cotter envisions a future in which instructors can play less demanding roles. “I’ve talked about it with the instructors and do want to make them feel their sense of mortality is not as imminent as they think it is. I’ve already told them, ‘You can do fewer classes. Don’t worry about it. You’re going to be here until you’re 90,’” she says. “But yes, we understand that’s why they pursue these things.” She sounds like a proud mother as she discusses the talent: she beams when she recalls Toussaint winning MVP at the NBA All-Star Celebrity Game and raves about Arzón’s books. Their successes are her successes—well, Peloton’s—even as it becomes increasingly apparent that one day they may leave the nest. “I hope they never quit,” she says. “Not on my watch.” With reporting by Nik Popli and Simmone Shah.....»»

Category: topSource: timeJun 16th, 2022

Auto Roundup: F"s $3.7B Investment, GM"s Milestone in AV Journey & More

Ford (F) plans to invest $3.7 billion and create over 6,200 new UAW jobs in Ohio, Missouri and Michigan. Meanwhile, General Motors (GM) gets the green light for commercial driverless robot taxi services in San Francisco. Last week, a number of automakers released their vehicle sales data for May. Most of them saw double-digit declines in sales volumes owing to the chip crisis, supply-chain disruptions and inventory dearth. Per the Automotive News Research & Data Center, cumulative U.S. vehicles sales (for the automakers who reported sales figures) fell more than 31% on a year-over-year basis. Per Motor Intelligence, SAAR for May tumbled to a year-to-date low of 12.81 million.On the news front, Ford F announced plans to invest $3.7 billion and create over 6,200 new United Auto Workers (“UAW”) jobs in Ohio, Missouri and Michigan. The initiatives are part of the company's Ford+ growth strategy. Ford’s close peer General Motors' GM autonomous vehicle (AV) unit, Cruise, became the first company to secure a permit to charge for driverless car rides in San Francisco. Meanwhile, Nissan Motor NSANY announced a pause in further orders of its Ariya SUV due to supply chain challenges that have been ongoing in Japan in the light of a recent spike in COVID-19 infections. Stellantis STLA and Toyota TM also made to the headlines as they sought to expand their ties through an agreement over a new large light commercial vehicle.Last Week’s Top Stories1. Ford and the UAW union announced plans to add more than 6,200 U.S. manufacturing jobs in the Midwest.The joint pact entails $3.7 billion of investments in manufacturing facilities across Ohio, Michigan and Missouri, which, in turn, are expected to generate an estimated 74,000 indirect ancillary non-Ford jobs nationally.Let’s look at the breakdown of the $3.7 billion investment and more than 6,200 new union jobs that span three states. Ford is advancing its long-standing legacy in Michigan by investing another $2 billion to create 3,200 UAW jobs, per the latest UAW contract. Ford will invest $1.5 billion and create 1,800 union jobs at Ohio Assembly Plant to assemble an all-new commercial EV starting mid-decade. Ford will also create an additional 90 jobs and a $100 million investment between Lima Engine and Sharonville Transmission plants. A $95 million investment and 1,100 union jobs have been planned for Missouri, for a third shift at Kansas City Assembly Plant to increase production of the Transit and the all-new E-Transit electric van.2. General Motors’ autonomous vehicle (AV) unit, Cruise, is set to operate a commercial taxi service of self-driving cars in San Francisco. In a unanimous decision, Cruise has been awarded a driverless deployment permit by the California Public Utilities Commission to start its services commercially in San Francisco and charge a fare for the rides.Per the California Public Utilities Commission permit, Cruise may offer its passenger services to the general public at a maximum speed of 30 mph, between 10 p.m. and 6 a.m. daily, in normal weather conditions. It will use a fleet of 30 fully driverless all-electric Chevrolet Bolts to ferry passengers around parts of California. Cruise will decide on a fare that will be comparable and competitive with traditional ride-hailing services. It intends to gradually expand its outreach across the city and, eventually, in other regions.3. Nissan notified its dealers in the United States to stop taking new orders for the company’s 2023 battery-electric Ariya SUV on the grounds of supply chain issues that have been affecting production at home in Japan. It is uncertain as to how long Nissan intends to keep Ariya EV orders closed. The starting price for the U.S.-spec base-grade front-wheel-drive model is $45,950. Though Nissan has allotted around 6,000 vehicles to the United States market, it has not been able to provide a clear delivery schedule.Nissan believes that it is judicious to scale down orders to the level at which it can realistically deliver this year. Demand for Ariya SUV has been surging in the United States, Europe and Japan. Previously, the Ariya plant had experienced disruptions when production was halted in 2020 due to semiconductor supply issues and the pandemic. In the current context, the company has decided not to promise more than it can actually deliver.4. Stellantis and Toyota Motor Europe (“TME”), announced the expansion of their existing partnership with a pact for a new large-size light commercial vehicle (“LCV”), including a battery-electric version. Stellantis will supply TME with the new product for sale in Europe under the Toyota brand. The new van will be built at Stellantis’ plants in Gliwice, Poland and Atessa, Italy. It is planned to begin in mid-2024. The new vehicle is the third body type under the agreement, completing a full LCV line-up, with compact, mid and now a large-size LCV. This marks TME’s debut into the large-size commercial vehicle segment.The recent announcement on large-size LCV furthers the collaboration, enabling Toyota to complete a full LCV line-up in Europe, while allowing both companies to enjoy the benefits of development and production cost optimization. While Stellantis carries a Zacks rank Rank #2 (Buy), Toyota is Ranked #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Price PerformanceThe following table shows the price movement of some of the major auto players over the last week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Auto Space?Industry watchers will track China vehicle sales data for May 2022, likely to be released by the China Association of Automobile Manufacturers soon.  Also, stay tuned for any update on how automakers will tackle the semiconductor shortage —aggravated by the Russia-Ukraine war and rising COVID-19 infections— and make changes in their business operations. Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investorsSee 5 EV Stocks With Extreme Upside Potential >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Nissan Motor Co. (NSANY): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Stellantis N.V. (STLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 8th, 2022

Graco Inc. (GGG) Down 2.7% Since Last Earnings Report: Can It Rebound?

Graco Inc. (GGG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. A month has gone by since the last earnings report for Graco Inc. (GGG). Shares have lost about 2.7% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Graco Inc. due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.Graco Misses on Q1 Earnings & Sales, Faces Cost WoesGraco Inc. has reported lackluster first-quarter 2022 results. GGG’s earnings missed the Zacks Consensus Estimate by 9.5%. Its sales missed the same by 4.4%.In the reported quarter, Graco’s adjusted earnings were 57 cents per share, missing the Zacks Consensus Estimate of 63 cents. The bottom line decreased 1.7% from the year-ago quarter’s figure of 58 cents, mainly due to lower sales. High costs and expenses were headwinds and hurt margins.Revenue DetailsIn the quarter under review, GGG’s net sales were $494.3 million, reflecting year-over-year growth of 9%. Results were driven by solid segmental performances. Volume growth and effective pricing contributed to sales growth.Graco’s top line missed the Zacks Consensus Estimate of $517 million.On a regional basis, quarterly sales generated from the Americas grew 11% to $293 million. In the Europe, the Middle East and Africa region, sales were $106 million, decreasing 4% year over year (or up 2% at constant currency rate), while sales from the Asia Pacific were $95 million, increasing 20% (or up 22% at constant currency rate).Graco reports net sales under three segments, namely Industrial, Process and Contractor. The segmental information is briefly discussed below:Revenues for the Industrial segment totaled $144.7 million (contributing to 29.3% of the quarter’s sales), rising 11% year over year on the back of improved economic activities. Adverse foreign-currency translations lowered sales by 3%. Core sales grew 14% year over year.Revenues in the Process segment grossed $115.0 million (contributing to 23.3% of the quarter’s sales), increasing 26% year over year. The improvement came on the back of a 26% rise in core sales, driven by healthy business activities across all regions served.Revenues in the Contractor segment totaled $234.6 million (contributing to 47.4% of the quarter’s sales), up 1% year over year. Core sales expanded 1%, acquisitions had a positive impact of 1% but foreign currency translation had a negative impact of 1%. The core sales improvement was driven by healthy demand in the Asia Pacific and EMEA regions. Also, improved construction markets boosted business in North America.It is worth noting that Graco started reporting its high-performance coatings and foam product offerings under the Contractor segment starting first-quarter 2022. Earlier, these businesses were reported under the Industrial Segment’s Applied Fluid Technologies division.Margin ProfileIn the first quarter, Graco’s cost of sales grew 15.9% year over year to $240 million. GGG represented 48.6% of the quarter’s net sales compared with 45.6% in the year-ago quarter. The gross profit increased 2.8% to $254 million, while the margin was down 300 basis points (bps) to 51.4%. The margin weakness was triggered by a product cost increase, caused by inflationary and supply-chain woes. This was partially offset by a higher production volume and a favorable channel and product mix plus price realization.Operating expenses (including product development; selling, marketing and distribution; and general and administrative expenses) increased 6% year over year to $44 million. The same represented 8.9% of net sales in the reported quarter compared with 8.1% in the year-ago period.Adjusted operating income was flat year over year with $128 million. The operating margin decreased 230 bps to 25.9% in the quarter. Interest expenses in the quarter totaled $5.2 million compared with $2.4 million reported in the year-ago period. Adjusted tax rate in the quarter was 19%.Balance Sheet and Cash FlowExiting the first quarter, Graco had cash and cash equivalents of $380 million, down 39.1% from $624 million at the end of the last reported quarter. The long-term debt balance was flat sequentially with $75 million.Graco generated net cash of $31 million from operating activities in the first three months of 2022 compared with $102 million generated in the year-ago period. Capital used for purchasing property, plant and equipment totaled $47 million compared with $21 million in the year-ago period.GGG paid out dividends worth $36 million to its shareholders in the first three months of 2022, up 13.3% from the previous-year quarter’s level. Graco repurchased shares worth $109 million in the first three months of 2022.OutlookGraco expects healthy demand across regions and segments in 2022. Effective pricing actions will be beneficial.For 2022, GGG anticipates organic sales growth (on constant currency basis) in the high-single digit.Graco expects capital expenditure of $190 million, including $140 million for the expansion of facilities. Corporate expenses (unallocated) are estimated to be $30-$32 million. The unfavorable impacts of movements in foreign currencies are expected to lower sales by 2% and earnings by 4% in the year.The effective tax rate for the year is predicted to be 18-19%. How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.VGM ScoresAt this time, Graco Inc. has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Graco Inc. has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Just Released: The Biggest Tech IPOs of 2022 For a limited time, Zacks is revealing the most anticipated tech IPOs expected to launch this year. Concerns about Federal interest rates and inflation caused many private companies to stay on the bench- leading to companies with better brand recognition and higher growth rates getting into the game. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. See the complete list today.>>See Zacks Hottest IPOs NowWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Graco Inc. (GGG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 27th, 2022

Women’s Savings Accounts Took A Hit During The Pandemic, Men…. Not So Much

When it comes to retirement savings, women have been lagging behind men. Just how bad is it? In retirement, women are 80 percent more likely to live in poverty as compared with men, according to AARP. And, the pandemic has made this disparity even worse. According to an analysis from Age Wave and Edward Jones, […] When it comes to retirement savings, women have been lagging behind men. Just how bad is it? In retirement, women are 80 percent more likely to live in poverty as compared with men, according to AARP. And, the pandemic has made this disparity even worse. According to an analysis from Age Wave and Edward Jones, the pandemic drastically altered the retirement plans of approximately 69 million Americans. .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 Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio 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); Q1 2022 hedge fund letters, conferences and more The report indicates that about 32% of Americans planning to retire will do so later than they originally imagined due to the pandemic. Only about 11% plan to retire sooner due to the crisis. During the pandemic, women’s confidence in their retirement savings took a nosedive and hasn’t fully recovered. On the other hand, men’s confidence in retirement savings improved. “This pandemic really hit women very hard,” said Maddy Dychtwald, co-founder of Age Wave. “They have been hit much harder than men. It has had the result that they’ve saved less for retirement — and they have saved less through the pandemic.” The report shows that 41% of women were able to continue saving for retirement, compared to 58% of men. According to Dychtwald, the retirement savings halt is one factor that is widening the gender income gap. After all, women have historically earned less than men. In turn, they have lower rates of lifetime savings. As of 2022, the uncontrolled gender pay gap is $0.82 for every $1 men make, notes Payscale. This is the same as in 2021. Compared to men, women make $0.99 for every $1 made by men. This is closer to equality but still falls short. But, that’s not taking into account how the pandemic impacted women financially. Why the COVID-19 Pandemic Affected Women Financially Following the pandemic, millions of women lost their jobs or quit in order to care for their children since schools and daycare centers closed. Nearly 2.9 million jobs have been lost since February 2020; women make up 63.3% of that loss, reports the National Women’s Law Center. In April 2020, the height of the pandemic, 45% of mothers of school-age children were not employed, according to the U.S. Census Bureau. To put that in perspective, that’s the lowest level of women participating in the workforce since 1987. Unemployment levels are declining, however, as the economy continues its recovery. In January, more than 1 million men aged 20 and older joined the labor force. Meanwhile, 39,000 women of the same age joined the workforce. During the first month of 2022, nearly half a million (467,000) new jobs were added to the workforce. However, only 40.3% of these new jobs were filled by women. The National Women’s Law Center estimates that from January 2022 onwards, it would take 10 months for women to regain pre-pandemic levels of employment after men have regained all their labor loss since February 2020. Even women who have remained in the workforce face difficulties. COVID-19 negatively impacted the career advancement opportunities of more than 60% of women surveyed by the Utah Women & Leadership Project. And, all of this also doesn’t take into account the fact that women are more likely to take time out of the workforce. Between the ages of 18 and 52, women in the baby boomer generation took eight years off work on average. And, women hold nearly two-thirds of student loans. How Women Can Boost Their Savings While this may all sound disparaging, there are ways for women to bolster their savings. Know your net worth. In order to determine your net worth, you must subtract any outstanding debts from all your assets. These would include such as credit cards, student loans, mortgages, and auto loans. Taking stock of your net worth will help you determine where to focus your attention next and how to approach your finances. To get started, you might want to ask yourself the following questions; Is your debt high-interest debt, such as a credit card or personal loan? You might want to consider paying it off as soon as possible if that is the case. Are you prepared to handle emergencies for three to six months? If the answer is no, then you might want to consider setting up an emergency fund. Putting aside $25 to $50 a month can be a great start. What is your monthly savings amount if you are already saving money? Do you think you can set aside an additional 5 or 10 percent each month? To make sure you’re on the same page with your partner, you should both keep track of your respective and joint assets and debts. To ensure they meet their financial goals, some couples schedule recurring money dates to review spending and savings. Be more involved with your finances. The better you understand your finances, the more confident you will be. Review your accounts on a regular basis so that you are aware of your incoming and outgoing funds. As a debt-relief attorney with Tayne Law Group, Leslie Tayne suggests ensuring you have access to your checking and savings accounts online (or through your bank apps). “Doing so ensures your money is secure, payments are clearing and bills are being paid,” Tayne told CNBC. “This will also help you familiarize yourself with your spending habits, who your creditors are, and your bank balances.” Set a reminder through your phone or the app for your bank so that you don’t forget. Consider also using a budgeting app. Ideally, this should let you link your bank accounts, classifies your expenses, and alerts you when expenses exceed your budget. How about sharing your finances with someone? Keep some control, says Tayne. Don’t be afraid to ask for help if you don’t know where to begin. “It can be incredibly challenging for women who have devoted their lives exclusively to their home life (and aren’t involved in bill-paying) to know where to start,” Tayne advises. Keep an eye on your shared bank account, even if your partner manages the bills, and establish credit on your own Create a financial plan. 401(k) contributions are just one aspect of retirement planning. To figure this out, you need to have a thorough understanding of how much money is being brought in and spent. By identifying these risks, you can implement strategies to avoid them. What’s more, a written financial plan can help you stay on track, while also monitoring your progress. Don’t know where to begin? The Transamerica Center for Retirement Studies’ CEO and president, Catherine Collinson, recommends learning the basics from books, the internet, and friends and family. “Women may also want to consider seeking the services of a professional financial adviser,” she says. Additionally, if possible, start saving for retirement as possible. And, again, prioritize an emergency fund. After that, park your money in the right account, such as a tax-free savings account like a TFSA. Also, find a way to pay down your debt along the way. And, without question, set up automatic enrollment for a retirement savings plan. And, don’t forget to factor in inflation as part of your financial plan, making sure to account for both fixed and variable expenses. A pension or Social Security benefit should cover fixed expenses, such as rent or mortgage. If you know you will have enough money to cover these costs, you will be more relaxed. Keep an eye on your plan annually to ensure that it remains effective. Be strategic about your earning power. If you plan to work beyond 65 or take breaks from your career, keeping your skills up-to-date is essential. By working on a contract basis in the gig economy, you can still continue developing your skills while you aren’t working full time, Collinson said. It’s also important for women who are working to make sure they are able to take advantage of skills-enhancing benefits. Collinson says this means taking classes to gain professional skills, even if they aren’t studying for a degree. When negotiating a new position, your should be sure to negotiate your pay. But you should also look at other ways to add value. “It’s not just about salary,” adds financial advisor Heather Ettinger, founder of Luma Wealth Advisors in Cleveland. “It’s about other perks that may add up over time.” A female executive looking for a job was advised by Ettinger to include any conferences she wants to attend in the job contract. As a result of attending those events, the executive gained an additional $10,000 to $20,000 in value. She received multiple job offers as a result of the visibility they created for her in the industry. “It’s knowing what’s negotiable, not to be adversarial, just to get what you’re worth,” Ettinger said. Get started on your investment journey. What is the best age for women to start investing? Should it be when you secure your first job? Or, should you wait until you’ve paid down your debt or after a promotion? There’s no right or wrong answer. But, as the proverb states, “The best time to plant a tree was 20 years ago. The second best time is now.” In short, the sooner you can start investing, the better you’ll be down the road. Unfortunately, this can be problematic. Studies have shown that women lack investing confidence: only 9% think they’re better investors than men, despite earning consistently higher returns. If you’re new to investing, you could turn to robo-advisors through apps like Wealthfront and Betterment. Robo-advisors will establish parameters based on your starting point and your goals, in addition to lower entry barriers. And, robo-advisors will optimize your finances automatically. Also, if you’re overwhelmed you may want to become a member of Ellevest. It’s a financial company for women, started by women. The company can assist you in designing a personalized investment plan and align your investments with your values. The most important takeaway when starting an investment portfolio? Make sure that it’s diversified. That means you should have a variety of assets including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and real estate. And, if you’re nearing retirement and have maxed out your other contributions, then you may also want to purchase an annuity. Boost your financial confidence. Do you feel like your overall financial confidence is lacking? You’re not alone. The good news is that there numerous ways to change this around. For starters, you can read books to help get your finances in order. Some suggestions would be “Get Good with Money: 10 Simple Steps to Becoming Financially Whole,” by Tiffany Aliche and “CleverGirl Finance: Learn How Investing Works, Grow Your Money,” by Bola Sokunb. There are also podcasts like “So Money” with Farnoosh Torabi and “Journey to Launch” with Jamila Souffrant. Outside of those options, you can chat about money with friends or family. Sure, it might be awkward at first. But, you may discover new perspectives and encouragement as a result. Moreover, several financial institutions offer workshops addressing the financial challenges of women. These include Invest in Yourself: A Financial Workshop for Women and the AAUW Money Smart series. Take control of your retirement. About half of women aren’t saving for retirement. If you are among them, you should know that the best way to save for your retirement is to take advantage of your employer’s retirement plan. In many cases, employers offer matching contributions as well. If you can, take advantage of your workplace savings plan. After all, that’s free money you’re leaving on the table. A 65-year-old woman can expect to live until the age of 86 on average. The average woman will live in retirement for 21 years, almost three years longer than the average male. Due to this, building a nest egg for retirement is extremely important for women. All these factors and more contribute to the fact that women typically retire later and have fewer assets than men. There is a 43% greater likelihood that women 65 and older will live on a below-poverty income than men. And, even more alarming, women comprise about 65% of the elderly poor. Start small if you must, but start saving today. Frequently Asked Questions About Women and Saving Money I have a 401(k) plan at work. What percentage of my salary should I put away for my future? It is recommended that you save at least 15% of your salary every year. Women, because they tend to live longer than men and may be at greater risk of outliving their assets, should take note of this advice. Despite this, the wage gap may make it difficult to save. Try to contribute enough to qualify for your employer’s full 401(k) match, even if it’s not possible to contribute 15%. The maximum match is usually 4% or 6% of your pay How can I become knowledgeable and comfortable about investing? It can be empowering to talk about money with friends. Speaking is the first step toward action. A book club or money circle discussion group might get the conversation started. Alternatively, you can create an online watch list for stocks. With this, you can keep a weekly eye on the performance of the stocks you have chosen for free. What can women do to ensure they have sufficient retirement savings? If possible, front load your retirement contributions in your 20s or 30s before you have large expenses, such as a mortgage or children. Roth IRAs allow you to invest tax-free by allocating money toward retirement after taxes have been paid. The income requirement for a Roth IRA is $140,000 for single filers and $208,000 for married filers. And, it’s also advised to delay your Social Security benefits until the age of 70. Your benefit increases by 8% every year if you delay taking the benefit beyond your full retirement age. If I marry, should I keep my finances separate from my spouse’s? It is a difficult question. A joint bank account and a mortgage between you and your spouse are certainly appropriate. Money separation may also cause one partner to feel that the other is untrustworthy. As a general rule, it’s a good idea to keep your retirement account, a bank account, and at least one credit card, as well as your utility bill, in your own name. Is it financially feasible to be a stay-at-home mom for a while? Would it jeopardize my career or financial future? If you and your spouse have planned financially, you may be able to do so. Consider sitting down with an advisor before you take a career break to discuss how the loss of two incomes may impact your family’s finances. This means you will not be putting money away for retirement through an employer plan during that time. Alternatively, you could have your spouse make a spousal IRA contribution on your behalf. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old while attending the University of Utah he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months he had several surgeries, stem cell injections and learned how to walk again. During this time he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine, Finance Expert by Time and Annuity Expert by Nasdaq. He is the Founder and CEO of Due. Updated on May 6, 2022, 4:56 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 6th, 2022

EV Roundup: Tesla (TSLA) Q1 Earnings Smasher, Toyota (TM) $383M Outlay & More

While Tesla (TSLA) creates a buzz by posting the 5th consecutive earnings beat in Q1, Toyota (TM) revs up its electrification strides as it intends to spend $383 million at four U.S. sites. Last week’s major highlight was the blockbuster quarterly release from Tesla TSLA. Despite severe microchip crisis, the electric vehicle (EV) king posted robust Q1 results, beating estimates for both earnings and revenues. It reported record quarterly revenues and a big jump in profit margins. TSLA’s eccentric genius CEO Musk remains confident of 50% growth in annual deliveries in the foreseeable future despite the industry odds.Amid the soaring popularity of green cars, Japan’s auto giant Toyota TM revved up its electrification targets. The company is betting $383 million to drive hybrid EV strength at four U.S. sites. The investment is aimed at advancing the company's dedication to vehicle electrification and delivering fuel-efficient solutions to customers. Meanwhile, U.S. legacy automaker Ford F unveiled Lincoln Star, its first concept EV, as part of efforts to enhance EV offerings in the United States and give a facelift to the Lincoln brand. Germany-based auto biggie Mercedes-Benz Group AG DDAIF is also on the path of roaring success in the EV space. Last week, it unveiled its latest EV model, EQS SUV, which is expected to arrive in the U.S. market by 2022-end. Finally, Magna International MGA also made it to the headlines as it celebrated the inauguration of its new plant in Mexico to spur EV capabilities.Top Stories of the Week Gone By1. Tesla reported first-quarter 2022 earnings of $3.22 a share, growing significantly from the year-ago figure of 93 cents and surpassing the Zacks Consensus Estimate of $2.15. Higher-than-expected deliveries and automotive gross profit resulted in this outperformance. Total first-quarter 2022 deliveries of 310,048 units topped the Zacks Consensus Estimate of 298,495. Automotive gross profit came in at $5,539 million, which outpaced the consensus mark of $4,113 million.Total revenues came in at $18,756 million, beating the consensus mark of $17,276 million. The top line also witnessed year-over-year growth of 80.5%. Importantly, the EV giant reported an automotive gross margin of 32.9% and overall gross margin of 29.1% for the quarter. Further, operating margin came in at 19.2%. (Tesla Delivers 5th Consecutive Earnings Beat in Q1)Tesla currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.2. Toyota announced an investment of $383 million in four of its U.S. manufacturing plants engaged in manufacturing core components of the new Toyota and Lexus vehicles. The investment will be utilized to produce four-cylinder engines — including options for hybrid EVs — at its Alabama, Kentucky, Missouri and Tennessee plants.The Alabama facility, with an earmarked investment of $222 million, will create a new four-cylinder production line that can manufacture engines for both combustion and hybrid electric powertrains. Toyota Kentucky intends to expand the flexibility of the four-cylinder engine line unveiled last fall, enabling the plant to meet customer demand. The company has allocated $16 million in investment. Toyota Missouri's $109 million investment aims to provide new equipment to build four-cylinder engine heads on three production lines. The Toyota Tennessee plant will revamp equipment to build new four-cylinder engine blocks with an investment of $36 million. (Toyota's $383M Bet to Drive Hybrid EV Strength at 4 US Sites)3. Ford introduced Lincoln Star, its first-of-kind concept EV. The Star Concept is the first step by Ford toward realizing its plan of delivering three fully EV models by 2025 and a fourth by 2026. The Lincoln Star is a crossover SUV with elite features like a smooth exterior design and panoramic windows. The interior structure makes it stand apart from Lincoln’s current lineup of vehicles in the United States, which includes the large Navigator SUV and several crossovers. Like other competitive luxury vehicles, the Star comes with a large screen across the instrument panel and a retractable steering wheel that can be kept aside. The seating arrangement offers a lounge-like setting.Ford is putting in dedicated efforts to steer toward the adoption of EVs in the United States. In this light, its F-150 Lightning model is making great strides, but Lincoln is yet to walk the extra mile to fully transition to electric. Ford is optimistic that its EV count will steadily rise and triple from the 2017 figure of only five premium EVs. Presently, the count has reached 48 and EVs account for 20% of sales of luxury vehicles versus a mere 2% of mainstream sales. The auto giant is pitching its hopes for the Star Concept to regain lost grounds in the country. (Ford's Premium Concept EV Lincoln Star to Bolster EV Game)4. Mercedes-Benz unveiled its latest electric SUV, the Mercedes-Benz EQS. The EQS electric SUV will roll out in the U.S. market by year-end. The company has shared many interior images that customers can expect in the new SUV. The EQS electric SUV is based on Mercedes-Benz’s dedicated EV architecture platform that also forms the basis of the EQS and EQE sedans. The Mercedes-Benz EQS SUV has familiar characteristics as the Mercedes-EQ and the EQS luxury sedan and is equipped with modern features. The EQS electric SUV boasts LED taillights, and in the interior, it has Mercedes-Benz’s MBUX Hyper-screen with three large displays.In its forthcoming plans of bolstering EV capacity, Mercedes-Benz said that the next S Class of Mercedes vehicles and beyond would be all electric. Another version of the EQS SUV, the Maybach, is also expected to hit the market shortly. This version has its own design language compared to the Mercedes-Benz EQS, as the hardware and the user interface have their own branding. The ride handling will also be different from the Mercedes version. (Mercedes' EQS SUV to Come to U.S. Market by 2022 End)5. Magna inaugurated a new facility in Ramos, Mexico. The plant was established by a joint venture with LG Electronics named LG Magna ePowertrain. The sprawling 260,000-square-foot plant — scheduled for completion in 2023 — will produce a range of powertrain components to support EV production from General Motors, which would be the foundational customer for the new facility.The JV is expected to generate 400 new jobs. It spans Korea, North and South America, Europe and Asia. It will combine LG Electronics’ experience in EV technology and Magna’s long-standing reputation in traditional automotive manufacturing. This new facility is a testimony to LG Magna e-Powertrain’s ongoing success. It continuously enables the companies to better support customers with premium components for the next generation of EVs.Price PerformanceThe following table shows the price movement of some of the major EV players over the past week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Space?Stay tuned for announcements of upcoming EV models and any important updates from the red-hot industry. Just Released: Zacks' 7 Best Stocks for Today Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year. These 7 were selected because of their superior potential for immediate breakout. See these time-sensitive tickers now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report Daimler AG (DDAIF): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 25th, 2022

He Came Out of Nowhere and Humbled Amazon. Is Chris Smalls the Future of Labor?

Inside the ground-level Staten Island apartment that serves as the operational headquarters of the Amazon Labor Union, Chris Smalls is spitballing about real estate. Wearing immaculate Air Jordans and boxy sunglasses, surrounded by half-empty pasta boxes and a pot of old mac and cheese, the leader of the first successful union drive in Amazon history… Inside the ground-level Staten Island apartment that serves as the operational headquarters of the Amazon Labor Union, Chris Smalls is spitballing about real estate. Wearing immaculate Air Jordans and boxy sunglasses, surrounded by half-empty pasta boxes and a pot of old mac and cheese, the leader of the first successful union drive in Amazon history is talking with Julian Mitchell-Israel, the ALU’s field director. Maybe, Mitchell-Israel muses, the union’s next headquarters could be in a bodega. Nah, Smalls says, with the smallest shake of his head. “We’re a big union. Not a bodega union.” [time-brightcove not-tgx=”true”] By conventional standards, the Amazon Labor Union—just a year old and less than 10,000 members strong—isn’t actually that big. Not when compared to its long-established unions with hundreds of thousands of members. That’s part of what made its victory over a very big, very powerful, and fiercely anti-union company so audacious. Stephen ObisanyaALU (Amazon Labor Union) Union Drive pamphlets distributed during daily protests outside of the fulfillment center on Staten Island in 2021. On April 1, almost exactly two years after Amazon fired him, Smalls, 33, helped the ALU win the vote to unionize at the Staten Island warehouse JFK8, the largest facility serving New York City and the surrounding area. It was the first crack in Amazon’s formerly impenetrable anti-union armor. Smalls and his friend and co-organizer Derrick Palmer did it without any professional organizing experience, without any formal affiliation with established organized labor, and without big money behind them. Their union raised roughly $120,000 on GoFundMe, compared to the $4.3 million Amazon spent trying to beat them. Until recently, a triumph like this would have been unthinkable. Unionization efforts “never ever win against Amazon, and this was a union that didn’t exist two years ago,” says John Logan, Director of Labor and Employment Studies at San Francisco State University. “No one thought they had a chance.” But the pandemic exposed glaring inequities that have triggered a new labor reckoning. Starbucks workers across the country have voted to unionize over the past few months, New York delivery drivers are forming a labor coalition, and Apple Store employees in Atlanta just demanded a union for the first time. But the Amazon Labor Union’s victory over one of the world’s most formidable companies is the most significant yet. Smalls says the triumph was the result of a different way of thinking about labor organizing. “This is the new school,” he says as Mitchell-Israel orders 800 chicken wings to feed Amazon workers on their break. ”Old school” is Big Labor, the existing 20th-century union infrastructure. “The ALU represents the new face, the new-school style of 21st century organizing, ” he adds. “Where younger adults are taking charge and putting workers in the driver’s seat.” Smalls means “workers” in the specific sense—as in, people employed by Amazon—and not “workers” in the general sense, which is often used as a catchall term in labor circles to mean anyone who isn’t in management. This is just one of the ways that Smalls deviates from the well-worn progressive rhetoric that may energize college-educated liberals but means little to Amazon employees. “We don’t go home and turn on CNN, we don’t go home and turn on Fox,” he says, noting that Amazon workers are often too tired to follow politics. “If I brought AOC and Bernie out here, I would have to inform the workers who they are and what they represent.” Stephen ObisanyaA man reviews the ALU (Amazon Labor Union) information during a drive to organize workers in June 2021. Smalls may be organizing out of a black Chevy Suburban packed with iced tea bottles and rolling papers, but it’s clear that Amazon underestimated his savvy. In a memo that leaked shortly after his firing, Amazon lawyers said that Smalls was “not smart, or articulate.” But Smalls’ understanding of what it’s like to work at Amazon is one reason why he and Palmer succeeded where larger, more powerful unions have failed. Only last year, Amazon beat back a unionization effort driven by the Retail, Wholesale and Department Store Union at a Bessemer, Alabama facility in what was then the biggest labor drive in the company’s history. (The union challenged the decision with the National Labor Relations Board, claiming Amazon illegally interfered in the election. A final result is still pending.) Read More: How Amazon Won the Union Vote in Alabama Smalls has an idea of why that effort fell short. “The timing, the approach, the campaign—it was just all wrong from the beginning,” he says of the Bessemer union drive. Alabama’s right-to-work laws presented challenges; the plant was new enough that workers weren’t as disillusioned as at JFK8. Most importantly? The drive was organized by an “established union, a third party that doesn’t know Amazon,” Smalls says. “In order to get it done, you gotta build from within,” he adds. “Not from the outside, but from the inside out.” Stephen ObisanyaLoading docks at Amazon’s JFK8 fulfillment center in Staten Island, NY. No one could have predicted that Chris Smalls would be the David to Amazon’s Goliath. Raised by a single mom in Hackensack, New Jersey, he gave little thought to the plight of the working masses growing up. He spent his time playing basketball and football, writing rap songs with his friends and dreaming of becoming a hip-hop artist. Smalls’ mother worked as an administrator at a hospital, and had once been part of SEIU 1199. But Smalls says the union made so little difference in their lives that she “forgot that she was even a part of the rank-and-file at one point,” he says, adding that she hadn’t remembered organizing for a contract. “A co-worker reminded her.” Smalls gave hip-hop a shot as a career, but when his ex-wife got pregnant with twins, he decided to shelve his music dreams in search of more stable income. After stints at Amazon facilities in New Jersey and Connecticut, Smalls was hired at JFK8 in 2018. He worked as a process assistant, overseeing customer items being picked to be packed and shipped. At first he loved his job. The team was small, and his general manager was Black and seemed invested in helping him and other Black workers advance at the company. “Everybody looked out for one another,” he says. But over time, that culture changed. The small facility ballooned to thousands of workers, management changed, and what had felt like a workplace full of human beings soon began to feel like a team of “industrial athletes,” as one leaked company memo put it. “It was all about metrics. It’s not about the person,” Smalls says. “They could care less if that person breaks down.” The work became so physically grueling that after a while “it doesn’t matter what shoes you wear,” he says. “They all become bricks on your feet.” Smalls’ frustration peaked during the early days of COVID-19. Employees at JFK8 were required to keep working in person even as much of the rest of the city shut down to slow the spread of the virus. Publicly, Amazon said the company was taking “extreme measures” to keep workers safe. But Smalls says that people worked “shoulder to shoulder” inside the facility, and that colleagues were coming to work sick. “Everybody was just worried that this is a life-or-death situation,” he says. In March 2020, he and Palmer staged a walkout in protest. Later that night, he was fired. (Palmer received a formal warning.) In a statement, Amazon said Smalls was fired for “violating social distancing guidelines.” Read More: Andy Jassy on Figuring Out What’s Next For Amazon In response, Smalls and Palmer decided to stage demonstrations to advocate for workers’ rights. They did things like protest outside of Amazon founder Jeff Bezos’ mansions. But when the union drive in Alabama failed, “that’s when we decided to unionize,” Smalls says. “We went down there, we saw something that we thought we could do better.” Stephen ObisanyaChris Smalls distributes information about the ALU (Amazon Labor Union) during a union drive in June 2021. They started with a two-pronged approach. Smalls would organize at bus stops outside the facility, offering free food to hungry and exhausted workers. Palmer, who still worked at the company, would work the break room inside. “I used to listen more than anything,” Smalls says, adding that the campaign was more about educating workers and “explaining what a union can provide.” In April 2021 they began to call themselves the Amazon Labor Union. One organizer used TikTok to spotlight the company’s anti-union propaganda, and posted videos of organizers stationed outside the facilities in the freezing cold. The union made a point to emphasize human connection among the workers. Smalls handed out free weed and food along with pamphlets and books, and organizers set up bonfires to keep people warm on breaks. “We had a compassionate, humanizing, caring type of campaign,” Smalls says. “We played the tortoise and the hare.” The months dragged on. Bezos traveled to space, thanking Amazon customers and employees because “you guys paid for all this.” (Smalls recalls signing up a lot of people that day.) Some organizers got jobs at Amazon specifically to unionize—a labor strategy known as “salting.” It helped the union stay in touch with workers on the inside. “As organizers, we have to try to be some of the best employees, because otherwise you’ll get fired,” says Justine Medina, a “salt” who joined Amazon to help with the organizing effort. The tortoise was gaining ground. But Amazon pushed back hard, forcing employees to attend mandatory meetings packed with anti-union rhetoric. They reminded workers that dues would come out of their paychecks, and suggested that unions were third-party interlopers trying to come between workers and their employer. “As a company, we don’t think unions are the best answer for our employees,” Amazon spokeswoman Kelly Nantel told TIME in a statement. “Our focus remains on working directly with our team to continue making Amazon a great place to work.” But organizers say that the ALU’s approach kneecapped Amazon’s efforts to portray them as outsiders. “As long as we’re putting in the time, we’re putting in the love, we’re making it about building human connections, that message doesn’t resonate with people,” says Mat Cusick, an ALU organizer who works at a delivery facility next to JFK8. On the day JFK8 voted to unionize, Smalls was thrilled but not surprised. “I knew that we were going to win. I never doubted it,” he says. “That was the best feeling in my life next to my kids’ birth.” Stephen Obisanya for TIMESenator Bernie Sanders, speaks next to Christian Smalls, founder of the Amazon Labor Union (ALU), during rally in the Staten Island,New York on April 24, 2022. On a blustery April morning, ALU organizers greeted workers coming out for their break at LDJ5, another Amazon facility on Staten Island, which is set to begin voting on unionizing on April 25. The organizers handed out flyers and lanyards and offered trays of chicken wings. The food was stacked on tables featuring posters of a sweating robot, with the words: “We’re not machines, we’re human beings.” In the aftermath of the JFK8 vote, every Amazon facility in the country contacted the Amazon Labor Union, according to Smalls. The LDJ5 vote will be the first test of whether the dam has broken. As a result, it has drawn significant political attention, with Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez visiting before the vote to stand in solidarity with the union. If the organizers’ prospects are uncertain, one thing is clear: Smalls and the ALU are charting a new path forward for worker-led unionization outside of the established structures of organized labor. “Many of the labor unions are very disconnected from the workers that they serve,” says Medina, adding that many of the officers in the big labor unions are “out of grad school.” “They mean well,” she adds. “But there’s just a slightly different class composition.” Stephen Obisanya for TIMEDemonstrators listen to speeches during an Amazon Labor Union (ALU) rally in Staten Island, New York on April 24, 2022. Experts say that the activism of the past few years—from #MeToo to Black Lives Matter to walkouts at major tech companies— has seeped into organized labor. The new model is “young people organizing young people, it’s non-white people organizing majority non-white workforces,” says Wilma Liebman, who served as chair of the National Labor Relations Board under President Obama. “Unions clearly have to adapt to the changing demographic of the workforces.” The Amazon Labor Union is now inundated with support. Randi Weingarten of the American Federation of Teachers has promised a six-figure donation, according to an adviser, which could help the ALU get better office space. Sean O’Brien of the Teamsters Union told TIME that organized labor as a whole needs to “rally around this victory,” and that it creates an opening for a broader labor offensive against behemoths like Amazon. “The Teamsters are gonna make a run at Amazon,” O’Brien says. “Our role in this whole thing is to provide them as much support and resources as needed, so that if they ever do get to the bargaining table, there are area standards that are met and kept.” While Smalls is grateful for the help, he’s made sure that the other unions know who felled the giant. “They understand that this is our territory, and they’re giving us support with no strings attached,” he says. “They have to learn from us.”.....»»

Category: topSource: timeApr 25th, 2022

Auto Roundup: Honda"s (HMC) Big EV Bet, KMX"s Mixed Q4 Results & More

While Honda (HMC) pledges a $63 billion investment to rev up its electrification game, CarMax (KMX) falls short of fiscal Q4 earnings estimates but tops the sales mark. Last week’s biggest highlight was Japan-based auto giant Honda Motor’s HMC massive electric vehicle (EV) plans. At a recently-held press conference, Honda revealed ambitious plans to drive its futuristic electrification vision. The company is striving to reduce its environmental footprint and hence looks to strengthen electrification initiatives. U.S. legacy automaker General Motors GM inked a deal with Glencore for sourcing cobalt to rev up its EV game. It also reported a decline in year-over-year vehicle sales in China for first-quarter 2022.EV behemoth Tesla TSLA also made news by issuing a recall of nearly 600K vehicles. But on a positive note, Tesla will be resuming operations in Shanghai today, per media sources.  Meanwhile, used vehicle auto retailer CarMax Inc. KMX reported mixed fourth-quarter fiscal 2022 (ended Feb 28, 2022) results, with the bottom line missing the consensus mark while the top line surpassing estimates. Finally, auto equipment supplier American Axle & Manufacturing Holdings, Inc. AXL also grabbed the limelight as it is set to acquire Tekfor Group in a bid to rev up its electrification strides.Top Stories of the Week Gone ByHonda announced a spending of nearly 8 trillion yen ($63 billion) for research and development (R&D) expenses over the next 10 years, of which around 5 trillion yen is planned to be invested in electrification and software. HMC will invest about 1 trillion yen in new growth areas. It will also dedicate investment in startups with high-potential advanced technologies and business models at a scale of 10 billion yen per year. The Japan-based auto giant targets to launch 30 EV models globally by 2030. It aims for a production volume of more than 2 million units annually.With regard to battery procurement, Honda has come up with two basic approaches. It will ensure stable procurement of liquid lithium-ion batteries in each region, namely North America, China and Japan, by strengthening the external partnership. Further, it will accelerate its independent R&D of next-generation batteries. HMC intends to build a demonstration line by investing around 43 billion yen for all-solid-state batteries it currently has, which it plans to make operational in the spring of 2024.American Axle entered into a definitive agreement to acquire Tekfor Group for an enterprise value of €125 million. Hausach, Germany-based Tekfor Group is renowned in automotive fasteners and metal-formed components for driveline, powertrain and E-mobility applications. Tekfor generated sales of approximately €285 million in 2021. The buyout promises significant synergies for AXL and has the potential to diversify its geographic and customer sales mix as well as bolster the electrification portfolio. The purchase will also broaden its metal forming technologies to serve a wide range of customers globally. The deal is expected to close in second-quarter 2022 after standard approvals.In another development, American Axle set out new environmental sustainability targets. It targets to become carbon neutral by 2040. It intends to strengthen the electric propulsion product portfolio, laying more emphasis on e-Beam axles and next-generation 3-in-1 electric drive units. AXL is making considerable progress toward diversifying its business, products and customer base as well as creating a sustainable supply chain system.CarMax reported fourth-quarter fiscal 2022 net earnings per share of 98 cents, missing the Zacks Consensus Estimate of $1.28 amid lower-than-anticipated sales volume from the used-vehicle segment. The bottom line also decreased from $1.27 per share recorded in the year-ago period. The auto retailer registered revenues of $7,686.7 million, beating the Zacks Consensus Estimate of $7,566 million and increasing 48.8% year over year.KMX had cash/cash equivalents and long-term debt of $102.7 million and $3,255.3 million, respectively, as of Feb 28, 2022. To investors’ delight, the company boosted the buyback program by $2 billion. CarMax opened 10 new stores in fiscal 2022 and targets to open 10 more in fiscal 2023. It expects capital expenditure to increase from $308.5 million in fiscal 2022 to $500 million in fiscal 2023. Meanwhile, CarMax has upwardly revised its long-term targets. KMX now envisions selling 2-2.4 million vehicles by fiscal 2026, up from the prior view of 2 million units. Additionally, it expects to generate revenues in the band of $33-$46 billion by fiscal 2026, up from the previous view of $33 billion.General Motors inked a multi-year sourcing agreement with Glencore. Per the deal, Glencore will supply cobalt to GM from its Murrin Murrin operation in Australia to create sustainable supply chains. As Glencore is a leading producer, recycler and supplier of the element, GM will be able to leverage its experience and strive for reducing its carbon footprint in the transportation sector. The cobalt will be used in GM’s Ultium battery cathodes, which will power its models such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.Meanwhile, General Motors reported its China sales data for the first quarter of 2022. GM and its joint ventures delivered more than 613,000 vehicles in the world’s largest car market, down from 780,000 units in first-quarter 2021. The downside stemmed from persistent chip shortage and COVID-19 resurgence. In first-quarter 2022, GM’s key brands including Cadillac, Buick, Chevrolet, Baojun and Wuling recorded deliveries of 47,000, 163,000, 52,000, 20,000 and more than 330,000 units, respectively.Tesla issued a recall for nearly 595,000 cars over an issue in its Boombox, a feature that allows drivers to play music while in motion. This marks the eighth recall in the past five months. The U.S. National Highway Traffic Safety Administration adjudged the Boombox as non-compliant with safety regulations, as it might drown out alert sounds required for all EVs. The latest recall includes the company’s Model Y, X, and S vehicles built within 2020-2022 along with the 2017- 2022 Model 3 vehicles.In another development, Tesla is gearing up to resume production at the Shanghai plant from today after a three-week hiatus. The company's Shanghai factory suspended production on Mar 28 after a resurgence of COVID-induced restrictions and lockdowns. Sources have reported that the carmaker plans to start with one shift and gradually ramp up. The latest stoppage marks the longest one since the factory started production in late 2019 and resulted in an estimated output loss of more than 50,000 units.Tesla currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Price PerformanceThe following table shows the price movement of some of the major auto players over the past week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Auto Space?Industry watchers will keep a tab on March passenger vehicle registrations, likely to be released by the European Automobile Manufacturers Association this week. Meanwhile, the first-quarter 2022 earnings season for the auto sector kicks off this week. Investors are keenly awaiting Tesla’s results, set to be released on Wednesday. Also, stay tuned for how automakers make changes in operations in the light of increasing supply chain snarls. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>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 Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report CarMax, Inc. (KMX): Free Stock Analysis Report Tesla, Inc. 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Category: topSource: zacksApr 19th, 2022

The 55 best gifts for new moms for Mother"s Day, from bath bombs sets to sentimental jewelry

If you're not sure what to give a new mom for Mother's Day, we rounded up 55 of the best gifts, including useful baby gear, flowers, and jewelry. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.If you're not sure what to give a new mom for Mother's Day, we rounded up 54 of the best gifts, including useful baby gear, flowers, bath bombs, and jewelry.Aurate; Lush New moms will appreciate gifts that help them relax, save time, and mark milestones with their baby. Here are 55 of the best gifts for new moms, from funny parenting books to on-the-go accessories. Still looking for a gift? Check out our list of the All-Time Best products we've ever tested. Becoming a mother is a life-changing experience. New moms are suddenly responsible for another human being, and there are quite a few things that can make that job easier. In a very uncertain time, new moms will appreciate gifts that are both practical and luxurious — things that can save them money and time. They also appreciate items that bestow a few precious moments for self-care.New moms are among the busiest people in our lives, and they undoubtedly deserve a meaningful gift — especially for Mother's Day. Some of these gifts will help them care for their new baby, while others are simply geared toward a mother who is ready for some "me time." Check out 55 of the best gifts for new moms on Mother's Day:A bath bomb set for their night offLushLush Mom Gift Set, $32.95, available at LushIf they're the type of person to spend 40 minutes in a Lush store eyeing all the bath bombs, this mother's day set is perfect: it comes with 4 bath bombs in fun, bright shapes and calming scents like citrus and jasmine.A platter of foods that were off limits during pregnancyWilliams SonomaEuropean Cheese & Charcuterie Selection, available at Williams Sonoma, $79.95My favorite gift for the new moms in my life is a collection of all the things they couldn't eat for nine long months of pregnancy: raw cheese, cold cuts, and wine. This cheese platter features the good stuff like runny cheeses and cured meats that she's likely been craving for the better part of a year. Pair with a bottle of her favorite wine for best results. A ridiculously comfy PJ set for the rare sleep-in morningTommy JohnTommy John Second Skin Sleep Shirt and Sleep Shorts,$52 each, available at Tommy JohnMade from Tommy John's ultra-soft Second Skin fabric, this adorable pajama set offers the height of sleep luxury with the casualness of wearing a t-shirt and shorts to bed. A picture book for momAmazon"Go to Sleep (I Miss You)" by Lucy Knisley, available at Amazon, $9.39 The early days of motherhood can be a weird time. Lucy Knisley brilliantly captures the mixed feelings "from the fog of new motherhood" in this graphic novel. This is an especially good gift for the mom who is navigating a cavalcade of new emotions; Knisley's tales of early motherhood will make any mom feel less alone. A T-shirt that makes a statementEtsyGreatwood Boutique Tough as a Mother Shirt, available at Etsy, from $7.62It goes without saying that moms are tough. Remind her just how tough and resilient she is with this super soft T-shirt. It's available in 22 different colors and sizes XS to 3XL.A luxurious bathrobeParachuteClassic Bathrobe, available at Parachute, $99Deemed the best robe on the market, Parachute's bathrobe is super comfortable and fluffy. It's perfect for a mom looking for moments of relaxation during an otherwise hectic day. A wet bag for messesBuy Buy BabyItzy Ritzy Travel Happens Sealed Wet Bag, available at Buy Buy Baby, $18.99Wet bags are commonly used to store dirty cloth diapers, but new moms will find them useful for everything from onesies that were victims of a blowout to wet swim diapers. A wet bag is a gift many parents never knew they needed but are happy to have in the diaper bag when messes inevitably happen.A convenient case for diapers and wipesOXOOXO Tot On-the-Go Wipes Dispenser with Diaper Pouch, available at Buy Buy Baby and Amazon, $20.99Sometimes parents need diaper change supplies, but they don't want to lug around the whole diaper bag. This convenient pouch is designed to hold wipes, diapers, and diaper rash cream. There's even room for some hand sanitizer.Whimsical crib sheetsAmazonRookie Humans Crib Sheets, available at Amazon, from $37.99These sheets are beautifully designed and can be the focal point of a themed nursery. Some of the designs are high contrast, which appeals to a newborn's developing eyes. After testing a sample of these sheets, I found that they fit my daughter's mattress well without popping off the corners or having too much extra fabric. A simple milestone blanketMaisonetteBaby Milestone Mat, available at Maisonette, $49Moms delight in capturing their babies at all ages and stages. From one day old to one year and beyond, this blanket makes it easy to capture their baby at every age. The neutral design also gives parents the opportunity to add seasonal elements or themes to each picture.A letterboard for memorable milestone picturesTargetPearhead 10-by-10-inch Letterboard Set, available at Target, $12.99Letterboards help parents say it all with a picture; they're often used for baby's birth announcement picture and to get a snapshot of milestones. This one is just the right size to prop next to baby for a picture.Basic birth recovery suppliesFridaFriday Mom Postpartum Recovery Essentials Kit, available at Amazon, $49.99After having a baby, things are a bit messy to say the least. Help mom recover with this kit that includes disposable postpartum underwear, instant ice maxi pads, perineal cooling pad liners, and perineal healing foam all stored in a convenient toilet-top storage caddy. A treat just for momMilk BarAssorted Truffle Box, available at Milk Bar, from $28Doesn't a mom deserve some time to sit down and indulge a bit? They'll certainly be able to with this assorted truffle box from Milk Bar. It includes three different flavors of cake truffles: Birthday, Chocolate Birthday, and Apple Cider Doughnut Cake.A necklace that symbolizes the unbreakable bond between mother and childAUrate14-Karat Connection Necklace, available at Aurate, $390This beautiful necklace, available in yellow, white, or rose gold, manages to be simultaneously elegant and bold. The company has ideals they'll support, too: Its ethical solid gold is sourced from conflict-free suppliers and it donates a book to a child in need with each purchase. Mom and baby matching PJsHanna AnderssonMommy & Me Pajamas, available at Hanna Andersson, from $73One of the perks of having a kid is getting to dress them up however you please, at least until they're old enough to say otherwise. These matching pajama sets from Hanna Andersson are sure to encourage plenty of photo shoots and #twinning moments.A smart bassinetHappiest BabyHappiest Baby Gift Card, available at Happiest Baby, from $25This smart bassinet helps new moms and babies get sleep by combining gentle rocking with soothing white noise. The smart technology responds to baby by increasing motion and shushing when it detects fussiness. It also keeps babies in a secure swaddle so they stay safely on their back.A floral arrangement to brighten their dayThe Bouqs Co.A Fresh Floral Arrangement, available at The Bouqs Co., from $49These fresh flower arrangements come from farms that minimize waste and recycle water. Choose from classic bouquets like roses or sunflowers or opt for a more unique option that she can plant. The floral arrangement will be a bright spot in her day.Something to help them stay caffeinatedAmazonTakeya Patented Deluxe Cold Brew Coffee Maker, available at Amazon, $27.99New moms need all the coffee. If cold brew is their thing, gift this cold brew coffee maker. It makes four servings of coffee. If mom preps it the night before, fresh coffee will be ready at the crack of dawn — right about when the baby wakes up. A minimalistic diaper bagKibouKibou Bag, available at Nordstrom, $89Moms need their hands free to do all the holding, rocking, wiping, and feeding that comes along with new babies. This small diaper fanny pack is made of high-quality vegan leather and has room for wipes, diapers, credit cards, keys, mom's phone, and more. It even comes with a built-in changing pad.The best socks they've never triedBombasBombas Gift Bag or Box, available at Bombas, from $55You might be thinking: Really, socks? But having a nice pair can make a world of difference. Bombas spent two years perfecting its gym socks. With thoughtful innovations, like a blister tab and performance cushioned footbeds, their feet will notice the difference. Bombas also donates a pair to a homeless shelter for every pair purchased. A pick-me-up for her eyesPeach & LilyCold Brew Eye Recovery Stick, available at Peach & Lily, $28With one swipe of this stick, mom's eyes will feel more awake and less puffy. They probably won't have time to put on a full face of makeup, but this will help them feel a little more put together after a night of broken sleep.The best pillows to help them sleepAmazonCoop Home Goods Pillow, available at Amazon, $69.99I know what you're thinking: Is it really worth $70 for a pillow? The answer is yes. This memory foam pillow is adjustable so it's comfortable for every type of sleeper. New moms need all the help they can get when it comes to sleeping.Their favorite quote, framedMintedA Framed Custom Quote, available at Minted, from $38Maybe a new mom has a favorite quote that reminds them of their baby or they're just a lover of words. This gift will be a beautiful keepsake for them to always remember the newborn phase. Merino-wool sneakersAllbirdsWool Runners, available at Allbirds, $110When you're on your feet all day, a pair of good shoes makes all the difference. Allbirds wool runners won't fail them — they're soft, comfortable, and machine washable. You can't go wrong with the originals, but the new Tree line is similarly light and comfortable. A virtual baby bookQeepsakeQeepsake Membership, available at Qeepsake, from $47.88Qeepsake texts parents or caregivers questions to answer about their child. Parents simply text their answer back with accompanying photos if they desire and Qeepsake saves the responses. Then, users can order a book that displays all the questions, answers, and memories.A personalized beauty subscriptionBirchboxBirchbox Three-Month Subscription, available at Birchbox, $45New moms will inevitably be dealing with spilled milk, spit-up, and lots of dirty diapers. Make them feel pampered with a personalized beauty subscription. They'll be able to create her own Beauty Profile, making each box just right for them.A sentimental gift for a lasting memoryMainEventUSA/EtsyBaby Hand and Footprint Kit, available at Etsy, $25.95This gift freezes the littleness of their new baby in time. Nothing shows how fast a baby grows quite like comparing their growing hands and feet to how small they once were. This kit allows new moms to do the prints at home and add two pictures.A treat to satisfy their sweet tooth while supporting milk productionAmazonMunchkin Milkmakers Lactation Cookie Bites, available at Amazon, $21.99These delicious cookies come in prepackaged bags so they can easily grab a snack while nursing. Although more studies examining the benefits of lactation cookies need to be conducted, this convenient treat certainly won't hurt.A nightlight that will help their baby — and in turn, them — sleep wellAmazonHatch Baby Rest Sound Machine, Night Light and Time-to-Rise, available at Buy Buy Baby, $69.99Rest is a nightlight, sound machine, and wake-up alert that grows with children — from soft light and white noise for midnight newborn feeding sessions to a preschooler's nightlight. Parents can customize everything — color, brightness, sound, and volume level — or they can choose from presets recommended by sleep experts. A neck and back massager they can use any timeAmazonZyllion Shiatsu Back and Neck Massager, available at Amazon, $59.95New moms spend a lot of time hunched over: picking up baby, putting down baby, carrying baby, and feeding baby. This massager has heated nodes that rotate, and moms can move it around to any spot they're feeling tension.A memorable piece of jewelryMarky Baby Milk Jewelry/EtsyMarky Baby Milk Jewelry DIY Kit, available at Etsy, from $34.04Moms who choose to breastfeed often face an emotional journey. The piece of jewelry from this DIY kit is made with their own breast milk so they can remember this special time long after their baby has grown up.A personalized T-shirtKnown Supply/InstagramPersonalized Fitted Crew, available at Known Supply, $32 + $10 monogramLet's be honest — they're probably going to be spending a lot of time at home in the first year. What could be better than a cozy, comfortable tee made of Pima cotton? Bonus points if you choose a color that will hide a spit-up stain.A variety of Korean sheet masks for an at-home spa dayFacetory/Business InsiderFacetory 7 Lux 1-Month Gift Subscription, available at Facetory, $19.90They could try a different Korean sheet mask every day of the week if they wanted to. The unique sheets made with innovative ingredients are hard to find anywhere else — Facetory curates only the most interesting and effective in the K-beauty world. Adorable leather baby moccasinsFreshly Picked/InstagramFreshly Picked Baby Moccasins, available at Buy Buy Baby, $35These 100% genuine cowhide leather moccasins have a soft sole to help children who are starting to walk. They're easy to put on, will actually stay on your kid's feet, and come in many stylish prints and colors. An Audible gift subscriptionAudible/Business InsiderAn Audible subscription, available at Audible, from $15Do you know what's really hard to do when you're holding a baby, a bottle, and trying to cook all at once? Read a book. What's easier? Listening to one on Audible. They can listen to audiobooks, podcasts, and more while multitasking at home or strolling through the neighborhood.A 5-year journalWrite to MeThe First Five Years Baby Journal, available at Write To Me, $49.95This linen-bound guided journal prompts parents to record milestones and memories to cherish for a lifetime. They'll be able to look back at all the firsts — first birthday, first haircut, first steps — and beam with pride.A funny book about the realities of motherhoodAmazon/Insider"The Sh!t No One Tells You: A Guide to Surviving Your Baby's First Year," by Dawn Dais, available at Amazon, $15.99Any mom knows that motherhood is not all rainbows and sunshine. This book dispenses practical and useful information in a humorous format that will have new parents laughing through the particularly hard days.  A selection of soft, high-quality baby clothing basicsPrimaryA Primary gift card, available at Primary, from $25Shopping for baby clothing is easy at Primary, which was founded by two moms. The adorable, colorful, and gender-neutral styles are classic and made from safe Oeko-Tex Standard 100 certified, soft fabrics. Primary offers sizes from newborn through age 12.A fitness app so they can work out with a trainer at homeKira Stokes/Business InsiderA subscription to Kira Stokes Fit, from $14.99/monthFlexibility is paramount for busy moms, and a good fitness app offers just that. The Kira Stokes Fit app has abs, legs, core, and full-body workouts available to stream anytime, on any device, so moms can sweat on their own time. Crib sheets from an Internet-famous bedding startupBrooklinenMini Crib Sheet Set, available at Brooklinen, from $32Adults love Brooklinen sheets, and now babies can enjoy the soft and comfortable experience, too. If they don't yet have a set for themselves, include a gift that will help them sleep as well. A versatile diaper bagAmazonSkip Hop Forma Backpack Diaper Bag, available at Buy Buy Baby and Amazon, from $67.99The lightweight, minimalist design of this diaper bag makes it a versatile option for new moms. The included cubes make it easy to organize diapers, wipes, bottles, and snacks. There's also a convenient changing pad within one of its pockets.Dinner on the table in under an hourHelloFresh/InstagramA HelloFresh Gift Card, from $70Meal kits take the guesswork out of cooking. Food is delivered weekly, meaning fewer trips to the grocery store, and the kit includes easy step-by-step recipes to prepare dinner — a snap when they're basically too tired to function.A long-distance touch lampFiliminFilimin Long-Distance Touch Lamps, available at Uncommon Goods, from $99A new mom's life is busy and tiring, so they might not always be available to talk and catch up. When you want to let them know you're thinking of them and vice versa without actually saying anything, just tap the lamp to make the other one light up. Stress relief in a tiny jade packageWalgreens/Business InsiderRevlon Cool & Depuff Jade Stone Facial Roller, available at Amazon, $9.99This facial roller can be used on all skin types to help improve circulation and reduce the puffiness that comes with sleep deprivation. It may temporarily firm skin, too. Most of all, it just feels good, especially when kept cool in the fridge.A modern baby bookArtifact UprisingA Baby Book "The Story of You," available at Artifact Uprising, from $99With a sturdy fabric-bound cover (available in seven color/foil pairings), this interactive photo journal is a beautiful way to focus on the everyday moments rather than major milestones. The book is 100 pages and holds 47 photos. Register it online and get a complimentary set of Everyday Prints. Leggings that feel and look great90 Degree by Reflex/Facebook90 Degree By Reflex High-Waist Power Flex Leggings, available at Amazon, from $16.98We love these leggings because they are versatile, supportive, and silhouette smoothing. They also have a little pocket to hold keys or a credit card if she needs to run out. Available in 13 colors, these leggings are available up to size XXL and run true to size.A moment of zenChijiA Positive Energy Candle, available at Home of Chiji, from $39.99This brand's motto is "illuminate positivity" and when a baby has been crying for hours, a positive vibe is desperately needed. These candles are infused with crystals like amethyst and rose quartz to bring some calm to a chaotic house.A book that helps new moms who have endless questionsAmazon/Business Insider"Cribsheet: A Data-Driven Guide to Better, More Relaxed Parenting, from Birth to Preschool," by Emily Oster, available at Amazon, $13.39If they loved Emily Oster's pregnancy book "Expecting Better," they'll dive right into "Cribsheet." The "data-driven guide" helps new parents with sleep, potty training, and much more. A comfortable nursing braAmazon/Business InsiderMotherhood Maternity Women's Wrap Front Nursing Sleep Bra, available at Amazon, from $13.09All a new mom wants is to be comfortable, since chances are they aren't for most of the day. This wrap-front bra is soft, wireless yet supportive, and perfect for wearing all day and all night.A smart home deviceAmazonAmazon Echo Dot (4th Gen), available at Amazon, $39.99Hands-free music streaming, news and weather reports, thermostat controls, and alarms for naps or feeding, the Echo Dot does it all. They'll become a multitasking mom in no time with this smart home device.A soothing under eye treatmentSephoraWander Beauty Baggage Claim Eye Masks, available at Sephora, $26These gold foil eye masks provide a soothing treatment for tired eyes. They help with puffiness and dark circles. Best of all, they won't fall off like some sheet masks, so they can hold baby upright while pampering themselves.Bubble bath made from plant-based ingredientsWalmart/Business InsiderHello Bello Bubble Bath, available at Walmart, $5.98Hello Bello, the baby line from Kristen Bell and Dax Shepard, prides itself on making premium, plant-based products like body wash, baby lotion, wipes, and this bubble bath. The gentle, hypoallergenic formula is dermatologist-tested and safe on sensitive skin, so both mom and baby can enjoy a nourishing playful bath.A soothie to keep pacifier off the floorAmazon/Business InsiderPhilips Avent Soothie Snuggle Pacifier Holder with Detachable Pacifier, available at Buy Buy Baby, $14.99This adorable pacifier and holder be used beginning at birth. The pacifier and animal detach from each other, so it's easy and fast to clean both pieces. It comes in a variety of cute critters like an elephant, giraffe, monkey, and seal. A reusable smart notebookAmazonRocketbook Everlast Reusable Smart Notebook, available at Amazon, $18.74New parents live and die by a schedule. This notebook is surprisingly handy — it sends handwritten notes directly to the cloud. It makes sharing with the entire family a breeze, all without wasting paper.A pair of embroidered makeup towelsWeezieMakeup Towels, available at Weezie, $40We've personally discovered Weezie's makeup towels are unexpectedly useful, and so will they. Even if they aren't washing off makeup, the fluffy fabric will feel great at the end of a long day. You can even have them embroidered to say "Mama" or a phrase of your choosing.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderApr 15th, 2022

The 53 best gifts for new moms for Mother"s Day, from bath bombs sets to sentimental jewelry

If you're not sure what to give a new mom for Mother's Day, we rounded up 53 of the best gifts, including useful baby gear, flowers, and jewelry. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.If you're not sure what to give a new mom for Mother's Day, we rounded up 54 of the best gifts, including useful baby gear, flowers, bath bombs, and jewelry.AUrate New moms will appreciate gifts that help them relax, save time, and mark milestones with their baby. Here are 53 of the best gifts for new moms, from funny parenting books to on-the-go accessories. Still looking for a gift? Check out our list of the All-Time Best products we've ever tested. Becoming a mother is a life-changing experience. New moms are suddenly responsible for another human being, and there are quite a few things that can make that job easier. In a very uncertain time, new moms will appreciate gifts that are both practical and luxurious — things that can save them money and time. They also appreciate items that bestow a few precious moments for self-care.New moms are among the busiest people in our lives, and they undoubtedly deserve a meaningful gift — especially for Mother's Day. Some of these gifts will help them care for their new baby, while others are simply geared toward a mother who is ready for some "me time." Check out 53 of the best gifts for new moms on Mother's Day:A bath bomb set for their night offLushLush Mom Gift Set, $32.95, available at LushIf they're the type of person to spend 40 minutes in a Lush store eyeing all the bath bombs, this mother's day set is perfect: it comes with 4 bath bombs in fun, bright shapes and calming scents like citrus and jasmine.A platter of foods that were off limits during pregnancyWilliams SonomaEuropean Cheese & Charcuterie Selection, available at Williams Sonoma, $79.95My favorite gift for the new moms in my life is a collection of all the things they couldn't eat for nine long months of pregnancy: raw cheese, cold cuts, and wine. This cheese platter features the good stuff like runny cheeses and cured meats that she's likely been craving for the better part of a year. Pair with a bottle of her favorite wine for best results. A ridiculously comfy PJ set for the rare sleep-in morningTommy JohnTommy John Second Skin Sleep Shirt and Sleep Shorts,$52 each, available at Tommy JohnMade from Tommy John's ultra-soft Second Skin fabric, this adorable pajama set offers the height of sleep luxury with the casualness of wearing a t-shirt and shorts to bed. A picture book for momAmazon"Go to Sleep (I Miss You)" by Lucy Knisley, available at Amazon, $9.39 The early days of motherhood can be a weird time. Lucy Knisley brilliantly captures the mixed feelings "from the fog of new motherhood" in this graphic novel. This is an especially good gift for the mom who is navigating a cavalcade of new emotions; Knisley's tales of early motherhood will make any mom feel less alone. A T-shirt that makes a statementEtsyGreatwood Boutique Tough as a Mother Shirt, available at Etsy, from $7.62It goes without saying that moms are tough. Remind her just how tough and resilient she is with this super soft T-shirt. It's available in 22 different colors and sizes XS to 3XL.A luxurious bathrobeParachuteClassic Bathrobe, available at Parachute, $99Deemed the best robe on the market, Parachute's bathrobe is super comfortable and fluffy. It's perfect for a mom looking for moments of relaxation during an otherwise hectic day. A wet bag for messesBuy Buy BabyItzy Ritzy Travel Happens Sealed Wet Bag, available at Buy Buy Baby, $18.99Wet bags are commonly used to store dirty cloth diapers, but new moms will find them useful for everything from onesies that were victims of a blowout to wet swim diapers. A wet bag is a gift many parents never knew they needed but are happy to have in the diaper bag when messes inevitably happen.A convenient case for diapers and wipesOXOOXO Tot On-the-Go Wipes Dispenser with Diaper Pouch, available at Buy Buy Baby and Amazon, $20.99Sometimes parents need diaper change supplies, but they don't want to lug around the whole diaper bag. This convenient pouch is designed to hold wipes, diapers, and diaper rash cream. There's even room for some hand sanitizer.Whimsical crib sheetsAmazonRookie Humans Crib Sheets, available at Amazon, from $37.99These sheets are beautifully designed and can be the focal point of a themed nursery. Some of the designs are high contrast, which appeals to a newborn's developing eyes. After testing a sample of these sheets, I found that they fit my daughter's mattress well without popping off the corners or having too much extra fabric. A simple milestone blanketMaisonetteBaby Milestone Mat, available at Maisonette, $49Moms delight in capturing their babies at all ages and stages. From one day old to one year and beyond, this blanket makes it easy to capture their baby at every age. The neutral design also gives parents the opportunity to add seasonal elements or themes to each picture.A letterboard for memorable milestone picturesTargetPearhead 10-by-10-inch Letterboard Set, available at Target, $12.99Letterboards help parents say it all with a picture; they're often used for baby's birth announcement picture and to get a snapshot of milestones. This one is just the right size to prop next to baby for a picture.Basic birth recovery suppliesFridaFriday Mom Postpartum Recovery Essentials Kit, available at Amazon, $49.99After having a baby, things are a bit messy to say the least. Help mom recover with this kit that includes disposable postpartum underwear, instant ice maxi pads, perineal cooling pad liners, and perineal healing foam all stored in a convenient toilet-top storage caddy. A treat just for momMilk BarAssorted Truffle Box, available at Milk Bar, from $28Doesn't a mom deserve some time to sit down and indulge a bit? They'll certainly be able to with this assorted truffle box from Milk Bar. It includes three different flavors of cake truffles: Birthday, Chocolate Birthday, and Apple Cider Doughnut Cake.A necklace that symbolizes the unbreakable bond between mother and childAUrate14-Karat Connection Necklace, available at Aurate, $390This beautiful necklace, available in yellow, white, or rose gold, manages to be simultaneously elegant and bold. The company has ideals they'll support, too: Its ethical solid gold is sourced from conflict-free suppliers and it donates a book to a child in need with each purchase. Mom and baby matching PJsHanna AnderssonMommy & Me Pajamas, available at Hanna Andersson, from $73One of the perks of having a kid is getting to dress them up however you please, at least until they're old enough to say otherwise. These matching pajama sets from Hanna Andersson are sure to encourage plenty of photo shoots and #twinning moments.A smart bassinetHappiest BabyHappiest Baby Gift Card, available at Happiest Baby, from $25This smart bassinet helps new moms and babies get sleep by combining gentle rocking with soothing white noise. The smart technology responds to baby by increasing motion and shushing when it detects fussiness. It also keeps babies in a secure swaddle so they stay safely on their back.A floral arrangement to brighten their dayThe Bouqs Co.A Fresh Floral Arrangement, available at The Bouqs Co., from $49These fresh flower arrangements come from farms that minimize waste and recycle water. Choose from classic bouquets like roses or sunflowers or opt for a more unique option that she can plant. The floral arrangement will be a bright spot in her day.Something to help them stay caffeinatedAmazonTakeya Patented Deluxe Cold Brew Coffee Maker, available at Amazon, $27.99New moms need all the coffee. If cold brew is their thing, gift this cold brew coffee maker. It makes four servings of coffee. If mom preps it the night before, fresh coffee will be ready at the crack of dawn — right about when the baby wakes up. A minimalistic diaper bagKibouKibou Bag, available at Nordstrom, $89Moms need their hands free to do all the holding, rocking, wiping, and feeding that comes along with new babies. This small diaper fanny pack is made of high-quality vegan leather and has room for wipes, diapers, credit cards, keys, mom's phone, and more. It even comes with a built-in changing pad.The best socks they've never triedBombasBombas Gift Bag or Box, available at Bombas, from $55You might be thinking: Really, socks? But having a nice pair can make a world of difference. Bombas spent two years perfecting its gym socks. With thoughtful innovations, like a blister tab and performance cushioned footbeds, their feet will notice the difference. Bombas also donates a pair to a homeless shelter for every pair purchased. A pick-me-up for her eyesPeach & LilyCold Brew Eye Recovery Stick, available at Peach & Lily, $28With one swipe of this stick, mom's eyes will feel more awake and less puffy. They probably won't have time to put on a full face of makeup, but this will help them feel a little more put together after a night of broken sleep.The best pillows to help them sleepAmazonCoop Home Goods Pillow, available at Amazon, $69.99I know what you're thinking: Is it really worth $70 for a pillow? The answer is yes. This memory foam pillow is adjustable so it's comfortable for every type of sleeper. New moms need all the help they can get when it comes to sleeping.Their favorite quote, framedMintedA Framed Custom Quote, available at Minted, from $38Maybe a new mom has a favorite quote that reminds them of their baby or they're just a lover of words. This gift will be a beautiful keepsake for them to always remember the newborn phase. Merino-wool sneakersAllbirdsWool Runners, available at Allbirds, $110When you're on your feet all day, a pair of good shoes makes all the difference. Allbirds wool runners won't fail them — they're soft, comfortable, and machine washable. You can't go wrong with the originals, but the new Tree line is similarly light and comfortable. A virtual baby bookQeepsakeQeepsake Membership, available at Qeepsake, from $47.88Qeepsake texts parents or caregivers questions to answer about their child. Parents simply text their answer back with accompanying photos if they desire and Qeepsake saves the responses. Then, users can order a book that displays all the questions, answers, and memories.A personalized beauty subscriptionBirchboxBirchbox Three-Month Subscription, available at Birchbox, $45New moms will inevitably be dealing with spilled milk, spit-up, and lots of dirty diapers. Make them feel pampered with a personalized beauty subscription. They'll be able to create her own Beauty Profile, making each box just right for them.A sentimental gift for a lasting memoryMainEventUSA/EtsyBaby Hand and Footprint Kit, available at Etsy, $25.95This gift freezes the littleness of their new baby in time. Nothing shows how fast a baby grows quite like comparing their growing hands and feet to how small they once were. This kit allows new moms to do the prints at home and add two pictures.A treat to satisfy their sweet tooth while supporting milk productionAmazonMunchkin Milkmakers Lactation Cookie Bites, available at Amazon, $21.99These delicious cookies come in prepackaged bags so they can easily grab a snack while nursing. Although more studies examining the benefits of lactation cookies need to be conducted, this convenient treat certainly won't hurt.A nightlight that will help their baby — and in turn, them — sleep wellAmazonHatch Baby Rest Sound Machine, Night Light and Time-to-Rise, available at Buy Buy Baby, $69.99Rest is a nightlight, sound machine, and wake-up alert that grows with children — from soft light and white noise for midnight newborn feeding sessions to a preschooler's nightlight. Parents can customize everything — color, brightness, sound, and volume level — or they can choose from presets recommended by sleep experts. A neck and back massager they can use any timeAmazonZyllion Shiatsu Back and Neck Massager, available at Amazon, $59.95New moms spend a lot of time hunched over: picking up baby, putting down baby, carrying baby, and feeding baby. This massager has heated nodes that rotate, and moms can move it around to any spot they're feeling tension.A memorable piece of jewelryMarky Baby Milk Jewelry/EtsyMarky Baby Milk Jewelry DIY Kit, available at Etsy, from $34.04Moms who choose to breastfeed often face an emotional journey. The piece of jewelry from this DIY kit is made with their own breast milk so they can remember this special time long after their baby has grown up.A personalized T-shirtKnown Supply/InstagramPersonalized Fitted Crew, available at Known Supply, $32 + $10 monogramLet's be honest — they're probably going to be spending a lot of time at home in the first year. What could be better than a cozy, comfortable tee made of Pima cotton? Bonus points if you choose a color that will hide a spit-up stain.A variety of Korean sheet masks for an at-home spa dayFacetory/Business InsiderFacetory 7 Lux 1-Month Gift Subscription, available at Facetory, $19.90They could try a different Korean sheet mask every day of the week if they wanted to. The unique sheets made with innovative ingredients are hard to find anywhere else — Facetory curates only the most interesting and effective in the K-beauty world. Adorable leather baby moccasinsFreshly Picked/InstagramFreshly Picked Baby Moccasins, available at Buy Buy Baby, $35These 100% genuine cowhide leather moccasins have a soft sole to help children who are starting to walk. They're easy to put on, will actually stay on your kid's feet, and come in many stylish prints and colors. An Audible gift subscriptionAudible/Business InsiderAn Audible subscription, available at Audible, from $15Do you know what's really hard to do when you're holding a baby, a bottle, and trying to cook all at once? Read a book. What's easier? Listening to one on Audible. They can listen to audiobooks, podcasts, and more while multitasking at home or strolling through the neighborhood.A 5-year journalWrite to MeThe First Five Years Baby Journal, available at Write To Me, $49.95This linen-bound guided journal prompts parents to record milestones and memories to cherish for a lifetime. They'll be able to look back at all the firsts — first birthday, first haircut, first steps — and beam with pride.A funny book about the realities of motherhoodAmazon/Insider"The Sh!t No One Tells You: A Guide to Surviving Your Baby's First Year," by Dawn Dais, available at Amazon, $15.99Any mom knows that motherhood is not all rainbows and sunshine. This book dispenses practical and useful information in a humorous format that will have new parents laughing through the particularly hard days.  A selection of soft, high-quality baby clothing basicsPrimaryA Primary gift card, available at Primary, from $25Shopping for baby clothing is easy at Primary, which was founded by two moms. The adorable, colorful, and gender-neutral styles are classic and made from safe Oeko-Tex Standard 100 certified, soft fabrics. Primary offers sizes from newborn through age 12.A fitness app so they can work out with a trainer at homeKira Stokes/Business InsiderA subscription to Kira Stokes Fit, from $14.99/monthFlexibility is paramount for busy moms, and a good fitness app offers just that. The Kira Stokes Fit app has abs, legs, core, and full-body workouts available to stream anytime, on any device, so moms can sweat on their own time. Crib sheets from an Internet-famous bedding startupBrooklinenMini Crib Sheet Set, available at Brooklinen, from $32Adults love Brooklinen sheets, and now babies can enjoy the soft and comfortable experience, too. If they don't yet have a set for themselves, include a gift that will help them sleep as well. A versatile diaper bagAmazonSkip Hop Forma Backpack Diaper Bag, available at Buy Buy Baby and Amazon, from $67.99The lightweight, minimalist design of this diaper bag makes it a versatile option for new moms. The included cubes make it easy to organize diapers, wipes, bottles, and snacks. There's also a convenient changing pad within one of its pockets.Dinner on the table in under an hourHelloFresh/InstagramA HelloFresh Gift Card, from $70Meal kits take the guesswork out of cooking. Food is delivered weekly, meaning fewer trips to the grocery store, and the kit includes easy step-by-step recipes to prepare dinner — a snap when they're basically too tired to function.A long-distance touch lampFiliminFilimin Long-Distance Touch Lamps, available at Uncommon Goods, from $99A new mom's life is busy and tiring, so they might not always be available to talk and catch up. When you want to let them know you're thinking of them and vice versa without actually saying anything, just tap the lamp to make the other one light up. Stress relief in a tiny jade packageWalgreens/Business InsiderRevlon Cool & Depuff Jade Stone Facial Roller, available at Amazon, $9.99This facial roller can be used on all skin types to help improve circulation and reduce the puffiness that comes with sleep deprivation. It may temporarily firm skin, too. Most of all, it just feels good, especially when kept cool in the fridge.A modern baby bookArtifact UprisingA Baby Book "The Story of You," available at Artifact Uprising, from $99With a sturdy fabric-bound cover (available in seven color/foil pairings), this interactive photo journal is a beautiful way to focus on the everyday moments rather than major milestones. The book is 100 pages and holds 47 photos. Register it online and get a complimentary set of Everyday Prints. Leggings that feel and look great90 Degree by Reflex/Facebook90 Degree By Reflex High-Waist Power Flex Leggings, available at Amazon, from $16.98We love these leggings because they are versatile, supportive, and silhouette smoothing. They also have a little pocket to hold keys or a credit card if she needs to run out. Available in 13 colors, these leggings are available up to size XXL and run true to size.A moment of zenChijiA Positive Energy Candle, available at Home of Chiji, from $39.99This brand's motto is "illuminate positivity" and when a baby has been crying for hours, a positive vibe is desperately needed. These candles are infused with crystals like amethyst and rose quartz to bring some calm to a chaotic house.A book that helps new moms who have endless questionsAmazon/Business Insider"Cribsheet: A Data-Driven Guide to Better, More Relaxed Parenting, from Birth to Preschool," by Emily Oster, available at Amazon, $13.39If they loved Emily Oster's pregnancy book "Expecting Better," they'll dive right into "Cribsheet." The "data-driven guide" helps new parents with sleep, potty training, and much more. A comfortable nursing braAmazon/Business InsiderMotherhood Maternity Women's Wrap Front Nursing Sleep Bra, available at Amazon, from $13.09All a new mom wants is to be comfortable, since chances are they aren't for most of the day. This wrap-front bra is soft, wireless yet supportive, and perfect for wearing all day and all night.A smart home deviceAmazonAmazon Echo Dot (4th Gen), available at Amazon, $39.99Hands-free music streaming, news and weather reports, thermostat controls, and alarms for naps or feeding, the Echo Dot does it all. They'll become a multitasking mom in no time with this smart home device.A soothing under eye treatmentSephoraWander Beauty Baggage Claim Eye Masks, available at Sephora, $26These gold foil eye masks provide a soothing treatment for tired eyes. They help with puffiness and dark circles. Best of all, they won't fall off like some sheet masks, so they can hold baby upright while pampering themselves.Bubble bath made from plant-based ingredientsWalmart/Business InsiderHello Bello Bubble Bath, available at Walmart, $5.98Hello Bello, the baby line from Kristen Bell and Dax Shepard, prides itself on making premium, plant-based products like body wash, baby lotion, wipes, and this bubble bath. The gentle, hypoallergenic formula is dermatologist-tested and safe on sensitive skin, so both mom and baby can enjoy a nourishing playful bath.A soothie to keep pacifier off the floorAmazon/Business InsiderPhilips Avent Soothie Snuggle Pacifier Holder with Detachable Pacifier, available at Buy Buy Baby, $14.99This adorable pacifier and holder be used beginning at birth. The pacifier and animal detach from each other, so it's easy and fast to clean both pieces. It comes in a variety of cute critters like an elephant, giraffe, monkey, and seal. A reusable smart notebookAmazonRocketbook Everlast Reusable Smart Notebook, available at Amazon, $18.74New parents live and die by a schedule. This notebook is surprisingly handy — it sends handwritten notes directly to the cloud. It makes sharing with the entire family a breeze, all without wasting paper.A pair of embroidered makeup towelsWeezieMakeup Towels, available at Weezie, $40We've personally discovered Weezie's makeup towels are unexpectedly useful, and so will they. Even if they aren't washing off makeup, the fluffy fabric will feel great at the end of a long day. You can even have them embroidered to say "Mama" or a phrase of your choosing.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderApr 15th, 2022

The 54 best gifts for new moms for Mother"s Day, from bath bombs sets to sentimental jewelry

If you're not sure what to give a new mom for Mother's Day, we rounded up 54 of the best gifts, including useful baby gear, flowers, and jewelry. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.If you're not sure what to give a new mom for Mother's Day, we rounded up 54 of the best gifts, including useful baby gear, flowers, bath bombs, and jewelry.AUrate New moms will appreciate gifts that help them relax, save time, and mark milestones with their baby. Here are 54 of the best gifts for new moms, from funny parenting books to on-the-go accessories. Still looking for a gift? Check out our list of the All-Time Best products we've ever tested. Becoming a mother is a life-changing experience. New moms are suddenly responsible for another human being, and there are quite a few things that can make that job easier. In a very uncertain time, new moms will appreciate gifts that are both practical and luxurious — things that can save them money and time. They also appreciate items that bestow a few precious moments for self-care.New moms are among the busiest people in our lives, and they undoubtedly deserve a meaningful gift — especially for Mother's Day. Some of these gifts will help them care for their new baby, while others are simply geared toward a mother who is ready for some "me time." Check out 54 of the best gifts for new moms on Mother's Day:A bath bomb set for their night offLushLush Mom Gift Set, $32.95, available at LushIf they're the type of person to spend 40 minutes in a Lush store eyeing all the bath bombs, this mother's day set is perfect: it comes with 4 bath bombs in fun, bright shapes and calming scents like citrus and jasmine.A platter of foods that were off limits during pregnancyWilliams SonomaEuropean Cheese & Charcuterie Selection, available at Williams Sonoma, $79.95My favorite gift for the new moms in my life is a collection of all the things they couldn't eat for nine long months of pregnancy: raw cheese, cold cuts, and wine. This cheese platter features the good stuff like runny cheeses and cured meats that she's likely been craving for the better part of a year. Pair with a bottle of her favorite wine for best results. A ridiculously comfy PJ set for the rare sleep-in morningTommy JohnTommy John Second Skin Sleep Shirt and Sleep Shorts,$52 each, available at Tommy JohnMade from Tommy John's ultra-soft Second Skin fabric, this adorable pajama set offers the height of sleep luxury with the casualness of wearing a t-shirt and shorts to bed. A picture book for momAmazon"Go to Sleep (I Miss You)" by Lucy Knisley, available at Amazon, $9.39 The early days of motherhood can be a weird time. Lucy Knisley brilliantly captures the mixed feelings "from the fog of new motherhood" in this graphic novel. This is an especially good gift for the mom who is navigating a cavalcade of new emotions; Knisley's tales of early motherhood will make any mom feel less alone. A T-shirt that makes a statementEtsyGreatwood Boutique Tough as a Mother Shirt, available at Etsy, from $7.62It goes without saying that moms are tough. Remind her just how tough and resilient she is with this super soft T-shirt. It's available in 22 different colors and sizes XS to 3XL.A luxurious bathrobeParachuteClassic Bathrobe, available at Parachute, $99Deemed the best robe on the market, Parachute's bathrobe is super comfortable and fluffy. It's perfect for a mom looking for moments of relaxation during an otherwise hectic day. A wet bag for messesBuy Buy BabyItzy Ritzy Travel Happens Sealed Wet Bag, available at Buy Buy Baby, $18.99Wet bags are commonly used to store dirty cloth diapers, but new moms will find them useful for everything from onesies that were victims of a blowout to wet swim diapers. A wet bag is a gift many parents never knew they needed but are happy to have in the diaper bag when messes inevitably happen.A convenient case for diapers and wipesOXOOXO Tot On-the-Go Wipes Dispenser with Diaper Pouch, available at Buy Buy Baby and Amazon, $20.99Sometimes parents need diaper change supplies, but they don't want to lug around the whole diaper bag. This convenient pouch is designed to hold wipes, diapers, and diaper rash cream. There's even room for some hand sanitizer.Whimsical crib sheetsAmazonRookie Humans Crib Sheets, available at Amazon, from $37.99These sheets are beautifully designed and can be the focal point of a themed nursery. Some of the designs are high contrast, which appeals to a newborn's developing eyes. After testing a sample of these sheets, I found that they fit my daughter's mattress well without popping off the corners or having too much extra fabric. A simple milestone blanketMaisonetteBaby Milestone Mat, available at Maisonette, $49Moms delight in capturing their babies at all ages and stages. From one day old to one year and beyond, this blanket makes it easy to capture their baby at every age. The neutral design also gives parents the opportunity to add seasonal elements or themes to each picture.A letterboard for memorable milestone picturesTargetPearhead 10-by-10-inch Letterboard Set, available at Target, $12.99Letterboards help parents say it all with a picture; they're often used for baby's birth announcement picture and to get a snapshot of milestones. This one is just the right size to prop next to baby for a picture.Basic birth recovery suppliesFridaFriday Mom Postpartum Recovery Essentials Kit, available at Amazon, $49.99After having a baby, things are a bit messy to say the least. Help mom recover with this kit that includes disposable postpartum underwear, instant ice maxi pads, perineal cooling pad liners, and perineal healing foam all stored in a convenient toilet-top storage caddy. A treat just for momMilk BarAssorted Truffle Box, available at Milk Bar, from $28Doesn't a mom deserve some time to sit down and indulge a bit? They'll certainly be able to with this assorted truffle box from Milk Bar. It includes three different flavors of cake truffles: Birthday, Chocolate Birthday, and Apple Cider Doughnut Cake.A necklace that symbolizes the unbreakable bond between mother and childAUrate14-Karat Connection Necklace, available at Aurate, $390This beautiful necklace, available in yellow, white, or rose gold, manages to be simultaneously elegant and bold. The company has ideals they'll support, too: Its ethical solid gold is sourced from conflict-free suppliers and it donates a book to a child in need with each purchase. Mom and baby matching PJsHanna AnderssonMommy & Me Pajamas, available at Hanna Andersson, from $73One of the perks of having a kid is getting to dress them up however you please, at least until they're old enough to say otherwise. These matching pajama sets from Hanna Andersson are sure to encourage plenty of photo shoots and #twinning moments.A smart bassinetHappiest BabyHappiest Baby Gift Card, available at Happiest Baby, from $25This smart bassinet helps new moms and babies get sleep by combining gentle rocking with soothing white noise. The smart technology responds to baby by increasing motion and shushing when it detects fussiness. It also keeps babies in a secure swaddle so they stay safely on their back.A floral arrangement to brighten their dayThe Bouqs Co.A Fresh Floral Arrangement, available at The Bouqs Co., from $49These fresh flower arrangements come from farms that minimize waste and recycle water. Choose from classic bouquets like roses or sunflowers or opt for a more unique option that she can plant. The floral arrangement will be a bright spot in her day.Something to help them stay caffeinatedAmazonTakeya Patented Deluxe Cold Brew Coffee Maker, available at Amazon, $27.99New moms need all the coffee. If cold brew is their thing, gift this cold brew coffee maker. It makes four servings of coffee. If mom preps it the night before, fresh coffee will be ready at the crack of dawn — right about when the baby wakes up. A minimalistic diaper bagKibouKibou Bag, available at Nordstrom, $89Moms need their hands free to do all the holding, rocking, wiping, and feeding that comes along with new babies. This small diaper fanny pack is made of high-quality vegan leather and has room for wipes, diapers, credit cards, keys, mom's phone, and more. It even comes with a built-in changing pad.The best socks they've never triedBombasBombas Gift Bag or Box, available at Bombas, from $55You might be thinking: Really, socks? But having a nice pair can make a world of difference. Bombas spent two years perfecting its gym socks. With thoughtful innovations, like a blister tab and performance cushioned footbeds, their feet will notice the difference. Bombas also donates a pair to a homeless shelter for every pair purchased. A pick-me-up for her eyesPeach & LilyCold Brew Eye Recovery Stick, available at Peach & Lily, $28With one swipe of this stick, mom's eyes will feel more awake and less puffy. They probably won't have time to put on a full face of makeup, but this will help them feel a little more put together after a night of broken sleep.The best pillows to help them sleepAmazonCoop Home Goods Pillow, available at Amazon, $69.99I know what you're thinking: Is it really worth $70 for a pillow? The answer is yes. This memory foam pillow is adjustable so it's comfortable for every type of sleeper. New moms need all the help they can get when it comes to sleeping.Their favorite quote, framedMintedA Framed Custom Quote, available at Minted, from $38Maybe a new mom has a favorite quote that reminds them of their baby or they're just a lover of words. This gift will be a beautiful keepsake for them to always remember the newborn phase. Merino-wool sneakersAllbirdsWool Runners, available at Allbirds, $110When you're on your feet all day, a pair of good shoes makes all the difference. Allbirds wool runners won't fail them — they're soft, comfortable, and machine washable. You can't go wrong with the originals, but the new Tree line is similarly light and comfortable. A virtual baby bookQeepsakeQeepsake Membership, available at Qeepsake, from $47.88Qeepsake texts parents or caregivers questions to answer about their child. Parents simply text their answer back with accompanying photos if they desire and Qeepsake saves the responses. Then, users can order a book that displays all the questions, answers, and memories.A personalized beauty subscriptionBirchboxBirchbox Three-Month Subscription, available at Birchbox, $45New moms will inevitably be dealing with spilled milk, spit-up, and lots of dirty diapers. Make them feel pampered with a personalized beauty subscription. They'll be able to create her own Beauty Profile, making each box just right for them.A sentimental gift for a lasting memoryMainEventUSA/EtsyBaby Hand and Footprint Kit, available at Etsy, $25.95This gift freezes the littleness of their new baby in time. Nothing shows how fast a baby grows quite like comparing their growing hands and feet to how small they once were. This kit allows new moms to do the prints at home and add two pictures.A treat to satisfy their sweet tooth while supporting milk productionAmazonMunchkin Milkmakers Lactation Cookie Bites, available at Amazon, $21.99These delicious cookies come in prepackaged bags so they can easily grab a snack while nursing. Although more studies examining the benefits of lactation cookies need to be conducted, this convenient treat certainly won't hurt.A nightlight that will help their baby — and in turn, them — sleep wellAmazonHatch Baby Rest Sound Machine, Night Light and Time-to-Rise, available at Buy Buy Baby, $69.99Rest is a nightlight, sound machine, and wake-up alert that grows with children — from soft light and white noise for midnight newborn feeding sessions to a preschooler's nightlight. Parents can customize everything — color, brightness, sound, and volume level — or they can choose from presets recommended by sleep experts. A neck and back massager they can use any timeAmazonZyllion Shiatsu Back and Neck Massager, available at Amazon, $59.95New moms spend a lot of time hunched over: picking up baby, putting down baby, carrying baby, and feeding baby. This massager has heated nodes that rotate, and moms can move it around to any spot they're feeling tension.A memorable piece of jewelryMarky Baby Milk Jewelry/EtsyMarky Baby Milk Jewelry DIY Kit, available at Etsy, from $34.04Moms who choose to breastfeed often face an emotional journey. The piece of jewelry from this DIY kit is made with their own breast milk so they can remember this special time long after their baby has grown up.A personalized T-shirtKnown Supply/InstagramPersonalized Fitted Crew, available at Known Supply, $32 + $10 monogramLet's be honest — they're probably going to be spending a lot of time at home in the first year. What could be better than a cozy, comfortable tee made of Pima cotton? Bonus points if you choose a color that will hide a spit-up stain.A variety of Korean sheet masks for an at-home spa dayFacetory/Business InsiderFacetory 7 Lux 1-Month Gift Subscription, available at Facetory, $19.90They could try a different Korean sheet mask every day of the week if they wanted to. The unique sheets made with innovative ingredients are hard to find anywhere else — Facetory curates only the most interesting and effective in the K-beauty world. Adorable leather baby moccasinsFreshly Picked/InstagramFreshly Picked Baby Moccasins, available at Buy Buy Baby, $35These 100% genuine cowhide leather moccasins have a soft sole to help children who are starting to walk. They're easy to put on, will actually stay on your kid's feet, and come in many stylish prints and colors. An Audible gift subscriptionAudible/Business InsiderAn Audible subscription, available at Audible, from $15Do you know what's really hard to do when you're holding a baby, a bottle, and trying to cook all at once? Read a book. What's easier? Listening to one on Audible. They can listen to audiobooks, podcasts, and more while multitasking at home or strolling through the neighborhood.A 5-year journalWrite to MeThe First Five Years Baby Journal, available at Write To Me, $49.95This linen-bound guided journal prompts parents to record milestones and memories to cherish for a lifetime. They'll be able to look back at all the firsts — first birthday, first haircut, first steps — and beam with pride.A funny book about the realities of motherhoodAmazon/Insider"The Sh!t No One Tells You: A Guide to Surviving Your Baby's First Year," by Dawn Dais, available at Amazon, $15.99Any mom knows that motherhood is not all rainbows and sunshine. This book dispenses practical and useful information in a humorous format that will have new parents laughing through the particularly hard days.  A selection of soft, high-quality baby clothing basicsPrimaryA Primary gift card, available at Primary, from $25Shopping for baby clothing is easy at Primary, which was founded by two moms. The adorable, colorful, and gender-neutral styles are classic and made from safe Oeko-Tex Standard 100 certified, soft fabrics. Primary offers sizes from newborn through age 12.A fitness app so they can work out with a trainer at homeKira Stokes/Business InsiderA subscription to Kira Stokes Fit, from $14.99/monthFlexibility is paramount for busy moms, and a good fitness app offers just that. The Kira Stokes Fit app has abs, legs, core, and full-body workouts available to stream anytime, on any device, so moms can sweat on their own time. Crib sheets from an Internet-famous bedding startupBrooklinenMini Crib Sheet Set, available at Brooklinen, from $32Adults love Brooklinen sheets, and now babies can enjoy the soft and comfortable experience, too. If they don't yet have a set for themselves, include a gift that will help them sleep as well. A versatile diaper bagAmazonSkip Hop Forma Backpack Diaper Bag, available at Buy Buy Baby and Amazon, from $67.99The lightweight, minimalist design of this diaper bag makes it a versatile option for new moms. The included cubes make it easy to organize diapers, wipes, bottles, and snacks. There's also a convenient changing pad within one of its pockets.Dinner on the table in under an hourHelloFresh/InstagramA HelloFresh Gift Card, from $70Meal kits take the guesswork out of cooking. Food is delivered weekly, meaning fewer trips to the grocery store, and the kit includes easy step-by-step recipes to prepare dinner — a snap when they're basically too tired to function.A long-distance touch lampFiliminFilimin Long-Distance Touch Lamps, available at Uncommon Goods, from $99A new mom's life is busy and tiring, so they might not always be available to talk and catch up. When you want to let them know you're thinking of them and vice versa without actually saying anything, just tap the lamp to make the other one light up. Stress relief in a tiny jade packageWalgreens/Business InsiderRevlon Cool & Depuff Jade Stone Facial Roller, available at Amazon, $9.99This facial roller can be used on all skin types to help improve circulation and reduce the puffiness that comes with sleep deprivation. It may temporarily firm skin, too. Most of all, it just feels good, especially when kept cool in the fridge.A modern baby bookArtifact UprisingA Baby Book "The Story of You," available at Artifact Uprising, from $99With a sturdy fabric-bound cover (available in seven color/foil pairings), this interactive photo journal is a beautiful way to focus on the everyday moments rather than major milestones. The book is 100 pages and holds 47 photos. Register it online and get a complimentary set of Everyday Prints. Leggings that feel and look great90 Degree by Reflex/Facebook90 Degree By Reflex High-Waist Power Flex Leggings, available at Amazon, from $16.98We love these leggings because they are versatile, supportive, and silhouette smoothing. They also have a little pocket to hold keys or a credit card if she needs to run out. Available in 13 colors, these leggings are available up to size XXL and run true to size.A moment of zenChijiA Positive Energy Candle, available at Home of Chiji, from $39.99This brand's motto is "illuminate positivity" and when a baby has been crying for hours, a positive vibe is desperately needed. These candles are infused with crystals like amethyst and rose quartz to bring some calm to a chaotic house.A book that helps new moms who have endless questionsAmazon/Business Insider"Cribsheet: A Data-Driven Guide to Better, More Relaxed Parenting, from Birth to Preschool," by Emily Oster, available at Amazon, $13.39If they loved Emily Oster's pregnancy book "Expecting Better," they'll dive right into "Cribsheet." The "data-driven guide" helps new parents with sleep, potty training, and much more. A comfortable nursing braAmazon/Business InsiderMotherhood Maternity Women's Wrap Front Nursing Sleep Bra, available at Amazon, from $13.09All a new mom wants is to be comfortable, since chances are they aren't for most of the day. This wrap-front bra is soft, wireless yet supportive, and perfect for wearing all day and all night.A smart home deviceAmazonAmazon Echo Dot (4th Gen), available at Amazon, $39.99Hands-free music streaming, news and weather reports, thermostat controls, and alarms for naps or feeding, the Echo Dot does it all. They'll become a multitasking mom in no time with this smart home device.A soothing under eye treatmentSephoraWander Beauty Baggage Claim Eye Masks, available at Sephora, $26These gold foil eye masks provide a soothing treatment for tired eyes. They help with puffiness and dark circles. Best of all, they won't fall off like some sheet masks, so they can hold baby upright while pampering themselves.Bubble bath made from plant-based ingredientsWalmart/Business InsiderHello Bello Bubble Bath, available at Walmart, $5.98Hello Bello, the baby line from Kristen Bell and Dax Shepard, prides itself on making premium, plant-based products like body wash, baby lotion, wipes, and this bubble bath. The gentle, hypoallergenic formula is dermatologist-tested and safe on sensitive skin, so both mom and baby can enjoy a nourishing playful bath.A soothie to keep pacifier off the floorAmazon/Business InsiderPhilips Avent Soothie Snuggle Pacifier Holder with Detachable Pacifier, available at Buy Buy Baby, $14.99This adorable pacifier and holder be used beginning at birth. The pacifier and animal detach from each other, so it's easy and fast to clean both pieces. It comes in a variety of cute critters like an elephant, giraffe, monkey, and seal. A reusable smart notebookAmazonRocketbook Everlast Reusable Smart Notebook, available at Amazon, $18.74New parents live and die by a schedule. This notebook is surprisingly handy — it sends handwritten notes directly to the cloud. It makes sharing with the entire family a breeze, all without wasting paper.A women's multivitamin subscriptionRitual1-month supply of Ritual vitamins, available at Ritual, $30New moms have a lot to juggle, and eating healthy, balanced meals may fall by the wayside some days. Help them get the nutrients to keep their energy up with these vegan multivitamins, which contain folate, vitamin D3, B12, iron, and magnesium, and are free of artificial colorants, synthetic fillers, and gluten.A pair of embroidered makeup towelsWeezieMakeup Towels, available at Weezie, $40We've personally discovered Weezie's makeup towels are unexpectedly useful, and so will they. Even if they aren't washing off makeup, the fluffy fabric will feel great at the end of a long day. You can even have them embroidered to say "Mama" or a phrase of your choosing.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderApr 15th, 2022

2 Strong Buy Stocks Growing Despite the Odds

Sometimes it is a good idea to simply buy stocks that are likely to gain from a difficult market situation. I was taking a look at how the S&P 500 has done in recent history and I found that in the last six months, it has moved just 0.9% lower. But this doesn’t tell the whole story because it has dropped 7.2% year to date, -5.1% in the last three months and appreciated 6.0% in the past month. This seems to indicate that the negative sentiment at the start of the year may be dissipating somewhat. But does this make sense? Let’s see.The first major cause for concern is inflation. As far as that is concerned, the Fed is taking cautious steps. This is exactly what it should be doing in a situation where rate hikes intended to raise prices and discourage consumer spending could be overdone. In which case, there would be a negative spiral down into a recession, which is absolutely what we don’t want.The second reason that is also contributing to the inflation and is not that easily taken care of is the increase in cost of production for many companies. In some cases, this relates to supply chain issues; in others, it’s also or only other factors like the availability of labor. The US is currently in a condition of full employment (sub-4% unemployment) while the number of available jobs remains at record highs. New jobs are becoming available in arts, entertainment and recreation; educational services; and federal government; while finance and insurance and nondurable goods manufacturing are rapidly filling positions and recording declines.The third reason for concern is the Russia-Ukraine war, which is squeezing availability of raw materials and commodities that were shipped from the region. Russia in particular is a leading supplier of not just oil and gas but many other key commodities like wheat, semi-finished iron, nitrogen-based fertilizers, cobalt (used in batteries including of EVs), vanadium (used in steel making), as well as gold, nickel, platinum, copper and a host of other commodities. A trade embargo of Russia is unlikely to be easy on the rest of the world. And Russia has itself cut back on things like timber to those opposing its actions.So currently, we are in a situation when prices of everything look like they can only move higher. We may blame the Fed for having fallen behind in its monetary policy, but nobody could have foreseen all the problems in the world today. So it makes sense to take a cautious path because there’s nothing else to be done.To answer the question on whether it is rational to breathe a little easier now, the answer is both yes and no. Yes, because both the problems and the action to be taken are better defined today. Also, with employment remaining high, buying power remains, which is exactly the situation needed to hike rates and ease into a situation of relatively lower demand without triggering off a recession.And no, because while we’re aware of the problems and the U.S. has taken the step of releasing oil reserves, the situation is unlikely to get sorted out any time soon. Moreover, there are still indications that this could grow into a bigger war with more countries participating. And the possibility of China annexing Taiwan (and therefore gaining control over the ton of chips that America needs) also can’t be ruled out.There are two ways to play the risk that obviously exists in the market right now. One is putting your money into safe assets like blue chips and bullion (or its derivatives). The other is to invest in stocks that are somehow gaining from the situation. By that I mean anything that Russia usually supplies to the world (for example), because prices of these things are definitely going to move higher. And companies that deal in them will be able to hike prices and make more profit.Here are a couple of stocks that can help you stay ahead of the situation as it is developing right now.The Mosaic Company MOSMosaic is a supplier of concentrated phosphate and potash for the global agriculture industry, catering to customers across roughly 40 countries. Its products are processed into crop nutrients, and then shipped thorough rail, barge and ocean-going vessels to customers in major agricultural centers globally.The Zacks Rank #1 (Strong Buy) stock, which belongs to the Fertilizers industry (top 1% of Zacks-classified industries) has seen its price appreciating 10.3% over the past week. Fertilizers are a commodity that Russia is a leading supplier of, so Mosaic is positioned to benefit from price increases as Russian supply is cut off.This phenomenon is at least partially responsible for the steady increases in Mosaic’s 2022 estimates from $8.78 to $11.87 over the last 60 days, which has in turn contributed to rising prices. The 2023 estimate is likely to come down from 2022 because of more difficult comps but will still represent notably higher earnings than in 2021.The Andersons, Inc. ANDEAndersons is a regional grain merchandiser with diversified businesses in agriculture, plant nutrient formulation and distribution, turf product production, railcar marketing and general merchandise retailing. Andersons maintains grain and production facilities throughout the Midwest and six retail locations in northern and central Ohio.The reason I like this stock at the moment is that it is a supplier of wheat. With supply of Russian wheat cut off, wheat prices are on the rise, which is a positive for profitability at Andersons.And that’s the main reason that this Zacks Rank #1 stock, which belongs to the Agriculture – Products industry (top 9% of Zacks-classified industries) has seen its 2022 earnings estimate increase 15.3% in the last 60 days. This in turn has led to buoyant share prices that appreciated around 10.0% in the past week. 3-Month Price MovementImage Source: Zacks Investment Research Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Andersons, Inc. (ANDE): Free Stock Analysis Report The Mosaic Company (MOS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 13th, 2022

Auto Roundup: Updates From General Motors (GM) & Ford (F) at the Forefront

Ford (F) and General Motors (GM) dominate last week's major news with the announcement of recalls, production halts and more. Major auto giants reported first-quarter 2022 vehicle sales numbers last week. Most of them suffered a double-digit decline in sales volumes. Overall, new vehicle sales declined more than 12% year over year for the January-March period due to escalating supply chain issues despite robust consumer demand. Sales plunged even more drastically in March as limited vehicle supply and tight inventories kept a lid on volumes amid compounded chip concerns over the Russia-Ukraine crisis. Per Cox Automotive, the seasonally adjusted annual rate for March declined to 13.09 million units from 14.1 million in February and 17.6 million in March 2021. More on this here: Do Dismal Q1 Sales Hint at Rough 2022 for U.S. Auto Market?Auto giants Ford F and General Motors GM issued a recall of some of their models last week on issues related to damaged parts or certain features that compromise the safety of other drivers on the roads. The companies were also prompted to temporarily suspend operations in some of their factories amid a shortage of chips.Automotive suppliers Magna International MGA and Meritor MTOR made news with the expansion of operations in Ontario and deal with Extreme Trailers, respectively. Auto retailer Penske Automotive PAG bolstered its position in the United Kingdom with the acquisition of three BMW MINI dealerships.Recap of Last Week’s Major News1. General Motors announced that it is setting up an organization called Commercial Growth Strategies and Operations to boost profitability, as it ramps up efforts to switch gears to electric. The new group will be responsible for GM Fleet, U.S. Sales Operations and EV Retail Innovation teams. The organization will be led by GM veteran executive Steve Hill, who has been the vice president (VP) of Chevrolet since November 2019. Scott Bell — currently the president and managing director of GM Canada — is set to replace Hill as the VP of Global Chevrolet. Marissa West — currently GM’s executive chief engineer for global midsize truck, medium-duty truck and van — will substitute Bell at GM Canada. These leadership changes are effective Apr 1, 2022.In another update, General Motors issued a recall of more than 680,000 SUVs due to a snag in their windshield wipers resulting from wear and tear in the ball joints. The recall consists of 2014-2015 Chevrolet Equinox and GMC Terrain vehicles.Meanwhile, General Motors also announced that it would cancel production at the Lansing Grand River assembly for one week ending Apr 10 due to a temporary part shortage. The plant builds the Cadillac CT4, Cadillac CT5 and Chevrolet Camaro. The auto biggie also declared a two-week production hiatus beginning Apr 4 at an assembly plant in Fort Wayne, IND, a site that builds the Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks, due to the long-drawn semiconductor chip shortage.2. Ford issued two recalls covering more than 737,000 vehicles to fix oil leaks and malfunctioning trailer braking systems. If unchecked, a housing that has cracked can cause oil leakage onto engine parts, which can cause a fire hazard. The oil leak recall consists of the Ford Escape SUV from 2020 through 2022 and the 2021 and 2022 Bronco Sport SUV with 1.5-Liter engines. Dealers will replace the housing if need be. Owners will be informed of the same starting Apr 18. The recalls for trailer brake failures include F-150 pickups from 2021 and 2022 as well as the 2022 F-250, 350, 450 and 550. They also include the 2022 Maverick pickup, Ford Expedition and Lincoln Navigator SUVs. A software glitch can prevent trailers from braking, enhancing the risk of a crash. As a corrective measure, dealers will update the brake control software. Owners will be informed of the same starting Apr 18.In a separate development, Ford notified that it would stop production at the Flat Rock Assembly Plant, which manufactures the Mustang, for a week ending Apr 10 due to the global semiconductor shortage. Its remaining North American plants would be functional during this period.Meanwhile, Ford unveiled the 2023 F-150 Rattler, a new off-road variant truck package. The Rattler will be based on the four-wheel-drive F-150 XL model, including some of the equipment found in the FX4 package like an electronic locking rear differential, hill descent control and shock absorbers tuned for off-roading. The Rattler will only be available as a SuperCab or SuperCrew and is scheduled for sale this fall.3. Penske strengthened its footprint in the United Kingdom with the acquisition of three BMW MINI dealerships and a collision center. The acquired dealerships are located in South East England and North of London, which complement PAG’s existing 32 BMW MINI dealerships in the U.K. market. The acquisitions solidified Penske’s position as the biggest retail partner for the BMW and MINI brands in the United Kingdom.The deal has been financed using the existing capacity under PAG’s U.K.-based credit facility. The buyout would add $250 million in annualized revenues for Penske. Year to date, Penske has added roughly $550 million to annual revenues via buyouts and open points. PAG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.4. Magna announced that it is expanding operations to Chatham-Kent, Ontario, as part of an extension of its current operations in St. Thomas to support new business from Ford. Magna, which is focused on accelerating electrification strides, is leveraging its top-class body and chassis expertise to provide innovative battery enclosures. MGA’s investment in Chatham-Kent will be a springboard for growth.The sprawling 170,000 square foot facility is supposed to create around 150 new jobs and manufacture battery enclosures for the Ford F-150 Lighting. This trailblazing offering would be the largest lightweight aluminum battery enclosure available in the market and the first on a work truck. Magna stated that commendable work by its employees at the Formet, St. Thomas facility has led to additional business for the company, allowing it to expand opportunities in Chatham to develop new technologies that have tremendous growth potential. Chatham-Kent is driven by green, innovative and futuristic technologies. Hence, Magna’s values complement it very well.5. Meritor entered into a three-year agreement with Extreme Trailers, per which it will supply MTA™ and MTA-Tec6™ suspensions with its latest generation EX+™ LS single-piston air disc brakes and the Meritor Tire Inflation System (MTIS™). Meritor’s collaboration with Extreme Trailers will aid the automotive equipment supplier to launch MTA-Tec6. The latest offering demonstrates Meritor's commitment to innovation and technological advancement.The MTA-Tec6 is Meritor's lightest-weight trailer suspension. The product will provide up to 23,000-pound capacity for tankers, flatbeds and other applications. MTA-Tec6 is equipped with a unique bolt-on lift kit, enabling seamless assembly and enhancing the application flexibility. Meanwhile, the MTIS would aid in keeping tires properly inflated to improve tire life and fuel economy.Price PerformanceThe following table shows the price movement of some of the major auto players over the past week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Auto Space?Industry watchdogs will keep an eye on March auto sales in China, likely to be released by the China Association of Automobile Manufacturers soon. Further, stay tuned for how automakers make changes in operations in the light of increasing supply chain snarls. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Meritor, Inc. (MTOR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 6th, 2022

54 gifts for new moms that aren"t on her registry, from meal delivery kits to a comfortable pillow

If you're not sure what to give a new mother, we've rounded up 54 the best gifts for new moms, including useful baby gear, flowers, and jewelry. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Etsy New moms will appreciate gifts that help them relax, save time, and mark milestones with their baby. Here are 54 of the best gifts for new moms, from funny parenting books to handy on-the-go accessories. Still looking for a gift? Check out our list of the All-Time Best products we've ever tested. Becoming a mother is a life-changing experience. New moms are suddenly responsible for another human being, and there are quite a few things that can make that job easier. In a very uncertain time, new moms will appreciate gifts that are both practical and luxurious — things that can save them money and time. They also appreciate items that bestow a few precious moments for self-care.New moms are among the busiest people in our lives, and they undoubtedly deserve a meaningful gift. Some of these gifts will help them care for their new baby, while others are simply geared toward a mother who is ready for some "me time." Check out 54 of the best gifts for new moms:A platter of foods that were off limits during pregnancyWilliams SonomaEuropean Cheese & Charcuterie Selection, available at Williams Sonoma, $79.95My favorite gift for the new moms in my life is a collection of all the things they couldn't eat for nine long months of pregnancy: raw cheese, cold cuts, and wine. This cheese platter features the good stuff like runny cheeses and cured meats that she's likely been craving for the better part of a year. Pair with a bottle of her favorite wine for best results. Matching PJs for mom and babyHanna AnderssonMommy & Me Pajamas, available at Hanna Andersson, from $56One of the perks of having a kid is getting to dress them up however you please, at least until they're old enough to say otherwise. These matching pajama sets from Hanna Andersson are sure to encourage plenty of photo shoots and #twinning moments.A picture book for momAmazon"Go to Sleep (I Miss You)" by Lucy Knisley, available on Amazon, $9.39 The early days of motherhood can be a weird time. Lucy Knisley brilliantly captures the mixed feelings "from the fog of new motherhood" in this graphic novel. This is an especially good gift for the mom who is navigating a cavalcade of new emotions; Knisley's tales of early motherhood will make any mom feel less alone. A T-shirt that makes a statementEtsyGreatwood Boutique Tough as a Mother Shirt, available at Etsy, $12.30It goes without saying that moms are tough. Remind her just how tough and resilient she is with this super soft T-shirt. It's available in 22 different colors and sizes XS to 3XL.A luxurious bathrobeParachuteClassic Bathrobe, available at Parachute, $99Deemed the best robe on the market, Parachute's bathrobe is super comfortable and fluffy. It's perfect for a mom looking for moments of relaxation during an otherwise hectic day. A wet bag for messesBuy Buy BabyItzy Ritzy Travel Happens Sealed Wet Bag, available at Buy Buy Baby, from $18.99Wet bags are commonly used to store dirty cloth diapers, but new moms will find them useful for everything from onesies that were victims of a blowout to wet swim diapers. A wet bag is a gift many parents never knew they needed but are happy to have in the diaper bag when messes inevitably happen.A convenient case for diapers and wipesOXOOXO Tot On-the-Go Wipes Dispenser with Diaper Pouch, available at Buy Buy Baby and Amazon, $20.99Sometimes parents need diaper change supplies, but they don't want to lug around the whole diaper bag. This convenient pouch is designed to hold wipes, diapers, and diaper rash cream. There's even room for some hand sanitizer.Whimsical crib sheetsAmazonRookie Humans Crib Sheets, available at Amazon, $38These sheets are beautifully designed and can be the focal point of a themed nursery. Some of the designs are high contrast, which appeals to a newborn's developing eyes. After testing a sample of these sheets, I found that they fit my daughter's mattress well without popping off the corners or having too much extra fabric. A simple milestone blanketMaisonetteBaby Milestone Mat, available at Maisonette, $23Moms delight in capturing their babies at all ages and stages. From one day old to one year and beyond, this blanket makes it easy to capture their baby at every age. The neutral design also gives parents the opportunity to add seasonal elements or themes to each picture.A letterboard for memorable milestone picturesTargetPearhead 10-by-10-inch Letterboard Set, available at Target, $12.99Letterboards help parents say it all with a picture; they're often used for baby's birth announcement picture and to get a snapshot of milestones. This one is just the right size to prop next to baby for a picture.Basic birth recovery suppliesFridaFriday Mom Postpartum Recovery Essentials Kit, available at Amazon, $49.99After having a baby, things are a bit messy to say the least. Help mom recover with this kit that includes disposable postpartum underwear, instant ice maxi pads, perineal cooling pad liners, and perineal healing foam all stored in a convenient toilet-top storage caddy. Something to help them stay caffeinatedAmazonTakeya Patented Deluxe Cold Brew Coffee Maker, available at Amazon, $25.80New moms need all the coffee. If cold brew is their thing, gift this cold brew coffee maker. It makes four servings of coffee. If mom preps it the night before, fresh coffee will be ready at the crack of dawn — right about when the baby wakes up. A treat just for momMilk BarAssorted Truffle Box, available at Milk Bar, from $29Doesn't a mom deserve some time to sit down and indulge a bit? They'll certainly be able to with this assorted truffle box from Milk Bar. It includes three different flavors of cake truffles: Birthday, Chocolate Birthday, and Apple Cider Doughnut Cake.A pick-me-up for her eyesPeach & LilyCold Brew Eye Recovery Stick, available at Peach & Lily, $28With one swipe of this stick, mom's eyes will feel more awake and less puffy. They probably won't have time to put on a full face of makeup, but this will help them feel a little more put together after a night of broken sleep.A smart bassinetHappiest BabyHappiest Baby Gift Card, available at Happiest Baby, from $25This smart bassinet helps new moms and babies get sleep by combining gentle rocking with soothing white noise. The smart technology responds to baby by increasing motion and shushing when it detects fussiness. It also keeps babies in a secure swaddle so they stay safely on their back.The best socks they've never triedBombasBombas Gift Bag or Box, available at Bombas, from $70You might be thinking: Really, socks? But having a nice pair can make a world of difference. Bombas spent two years perfecting its gym socks. With thoughtful innovations, like a blister tab and performance cushioned footbeds, their feet will notice the difference. Bombas also donates a pair to a homeless shelter for every pair purchased. A minimalistic diaper bagKibouKibou Bag, available at Nordstrom, $89Moms need their hands free to do all the holding, rocking, wiping, and feeding that comes along with new babies. This small diaper fanny pack is made of high-quality vegan leather and has room for wipes, diapers, credit cards, keys, mom's phone, and more. It even comes with a built-in changing pad.A floral arrangement to brighten their dayThe Bouqs Co.A Fresh Floral Arrangement, available at The Bouqs Co., from $49These fresh flower arrangements come from farms that minimize waste and recycle water. Choose from classic bouquets like roses or sunflowers or opt for a more unique option that she can plant. The floral arrangement will be a bright spot in her day.Something to help them sleepAmazonCoop Home Goods Pillow, available at Amazon, $69.99I know what you're thinking: Is it really worth $70 for a pillow? The answer is yes. This memory foam pillow is adjustable so it's comfortable for every type of sleeper. New moms need all the help they can get when it comes to sleeping.A virtual baby bookQeepsakeQeepsake Membership, available at Qeepsake, from $35.88Qeepsake texts parents or caregivers questions to answer about their child. Parents simply text their answer back with accompanying photos if they desire and Qeepsake saves the responses. Then, users can order a book that displays all the questions, answers, and memories.Their favorite quote, framedMintedA Framed Custom Quote, available at Minted, from $38Maybe a new mom has a favorite quote that reminds them of their baby or they're just a lover of words. This gift will be a beautiful keepsake for them to always remember the newborn phase. A sentimental gift for a lasting memoryMainEventUSA/EtsyBaby Hand and Footprint Kit, available at Etsy, $25.95This gift freezes the littleness of their new baby in time. Nothing shows how fast a baby grows quite like comparing their growing hands and feet to how small they once were. This kit allows new moms to do the prints at home and add two pictures.A treat to satisfy their sweet tooth while supporting milk productionAmazonMunchkin Milkmakers Lactation Cookie Bites, available at Amazon, $21.99These delicious cookies come in prepackaged bags so they can easily grab a snack while nursing. Although more studies examining the benefits of lactation cookies need to be conducted, this convenient treat certainly won't hurt.A nightlight that will help their baby — and in turn, them — sleep wellAmazonHatch Baby Rest Sound Machine, Night Light and Time-to-Rise, available at Buy Buy Baby, $69.99Rest is a nightlight, sound machine, and wake-up alert that grows with children — from soft light and white noise for midnight newborn feeding sessions to a preschooler's nightlight. Parents can customize everything — color, brightness, sound, and volume level — or they can choose from presets recommended by sleep experts. A neck and back massager they can use any timeAmazonZyllion Shiatsu Back and Neck Massager, available at Amazon, $74.95New moms spend a lot of time hunched over: picking up baby, putting down baby, carrying baby, and feeding baby. This massager has heated nodes that rotate, and moms can move it around to any spot they're feeling tension.A memorable piece of jewelryMarky Baby Milk Jewelry/EtsyMarky Baby Milk Jewelry DIY Kit, available at Etsy, from $34.77Moms who choose to breastfeed often face an emotional journey. The piece of jewelry from this DIY kit is made with their own breast milk so they can remember this special time long after their baby has grown up.A personalized beauty subscriptionBirchboxBirchbox Three-Month Subscription, available at Birchbox, $45New moms will inevitably be dealing with spilled milk, spit-up, and lots of dirty diapers. Make them feel pampered with a personalized beauty subscription. They'll be able to create her own Beauty Profile, making each box just right for them.A personalized T-shirtKnown Supply/InstagramPersonalized Fitted Crew, available at Known Supply, $32 + $10 monogramLet's be honest — they're probably going to be spending a lot of time at home in the first year. What could be better than a cozy, comfortable tee made of Pima cotton? Bonus points if you choose a color that will hide a spit-up stain.Merino-wool sneakersAllbirdsWool Runners, available at Allbirds, $110When you're on your feet all day, a pair of good shoes makes all the difference. Allbirds wool runners won't fail them — they're soft, comfortable, and machine washable. You can't go wrong with the originals, but the new Tree line is similarly light and comfortable. A variety of Korean sheet masks for an at-home spa dayFacetory/Business InsiderFacetory 7 Lux 1-Month Gift Subscription, available at Facetory, $19.90They could try a different Korean sheet mask every day of the week if they wanted to. The unique sheets made with innovative ingredients are hard to find anywhere else — Facetory curates only the most interesting and effective in the K-beauty world. Adorable leather baby moccasinsFreshly Picked/InstagramFreshly Picked Baby Moccasins, available at Buy Buy Baby, $35These 100% genuine cowhide leather moccasins have a soft sole to help children who are starting to walk. They're easy to put on, will actually stay on your kid's feet, and come in many stylish prints and colors. An Audible gift subscriptionAudible/Business InsiderAn Audible subscription, available at Audible, from $15Do you know what's really hard to do when you're holding a baby, a bottle, and trying to cook all at once? Read a book. What's easier? Listening to one on Audible. They can listen to audiobooks, podcasts, and more while multitasking at home or strolling through the neighborhood.A necklace that symbolizes unbreakable bond between mother and childAUrate14-Karat Connection Necklace, available at Aurate, $390This beautiful necklace, available in yellow, white, or rose gold, manages to be simultaneously elegant and bold. The company has ideals they'll support, too: Its ethical solid gold is sourced from conflict-free suppliers and it donates a book to a child in need with each purchase. A 5-year journalWrite to MeThe First Five Years Baby Journal, available at Write To Me, $49.95This linen-bound guided journal prompts parents to record milestones and memories to cherish for a lifetime. They'll be able to look back at all the firsts — first birthday, first haircut, first steps — and beam with pride.A funny book about the realities of motherhoodAmazon/Business Insider"The Sh!t No One Tells You: A Guide to Surviving Your Baby's First Year," available at Amazon, $14.99Any mom knows that motherhood is not all rainbows and sunshine. This book dispenses practical and useful information in a humorous format that will have new parents laughing through the particularly hard days.  A selection of soft, high-quality baby clothing basicsPrimaryA Primary gift card, available at Primary, from $25Shopping for baby clothing is easy at Primary, which was founded by two moms. The adorable, colorful, and gender-neutral styles are classic and made from safe Oeko-Tex Standard 100 certified, soft fabrics. Primary offers sizes from newborn through age 12.A fitness app so they can work out with a trainer at homeKira Stokes/Business InsiderA subscription to Kira Stokes Fit, from $14.99/monthFlexibility is paramount for busy moms, and a good fitness app offers just that. The Kira Stokes Fit app has abs, legs, core, and full-body workouts available to stream anytime, on any device, so moms can sweat on their own time. Crib sheets from an Internet-famous bedding startupBrooklinenMini Crib Sheet Set, available at Brooklinen, from $32Adults love Brooklinen sheets, and now babies can enjoy the soft and comfortable experience, too. If they don't yet have a set for themselves, include a gift that will help them sleep as well. A versatile diaper bagAmazonSkip Hop Forma Backpack Diaper Bag, available at Buy Buy Baby and Amazon, from $74.99The lightweight, minimalist design of this diaper bag makes it a versatile option for new moms. The included cubes make it easy to organize diapers, wipes, bottles, and snacks. There's also a convenient changing pad within one of its pockets.Dinner on the table in under an hourHelloFresh/InstagramA HelloFresh Gift Card, from $70Meal kits take the guesswork out of cooking. Food is delivered weekly, meaning fewer trips to the grocery store, and the kit includes easy step-by-step recipes to prepare dinner — a snap when they're basically too tired to function.A long-distance touch lampFiliminFilimin Long-Distance Touch Lamps, available at Uncommon Goods, from $99A new mom's life is busy and tiring, so they might not always be available to talk and catch up. When you want to let them know you're thinking of them and vice versa without actually saying anything, just tap the lamp to make the other one light up. Stress relief in a tiny jade packageWalgreens/Business InsiderRevlon Cool & Depuff Jade Stone Facial Roller, available at Amazon, $9.98This facial roller can be used on all skin types to help improve circulation and reduce the puffiness that comes with sleep deprivation. It may temporarily firm skin, too. Most of all, it just feels good, especially when kept cool in the fridge.A modern baby bookArtifact UprisingA Baby Book "The Story of You," available at Artifact Uprising, from $99With a sturdy fabric-bound cover (available in seven color/foil pairings), this interactive photo journal is a beautiful way to focus on the everyday moments rather than major milestones. The book is 100 pages and holds 47 photos. Register it online and get a complimentary set of Everyday Prints. Leggings that feel and look great90 Degree by Reflex/Facebook90 Degree By Reflex High-Waist Power Flex Tummy Control Leggings, available at Amazon, from $16.98We love these leggings because they are versatile, supportive, and silhouette smoothing. They also have a little pocket to hold keys or a credit card if she needs to run out. Available in 13 colors, these leggings are available up to size XXL and run true to size.A moment of zenChijiA Positive Energy Candle, available at Home of Chiji, from $39.99This brand's motto is "illuminate positivity" and when baby has been crying for hours, a positive vibe is desperately needed. These candles are infused with crystals like amethyst and rose quartz to bring some calm to a chaotic house.A comfortable nursing braAmazon/Business InsiderMotherhood Maternity Women's Wrap Front Nursing Sleep Bra, available at Amazon, from $13.55All a new mom wants is to be comfortable, since chances are they aren't for most of the day. This wrap-front bra is soft, wireless yet supportive, and perfect for wearing all day and all night.A smart home deviceAmazonAmazon Echo Dot (4th Gen), available at Amazon, $49.99Hands-free music streaming, news and weather reports, thermostat controls, and alarms for naps or feeding, the Echo Dot does it all. They'll become a multitasking mom in no time with this smart home device.A soothing under eye treatmentSephoraWander Beauty Baggage Claim Eye Masks, available at Sephora, $26These gold foil eye masks provide a soothing treatment for tired eyes. They help with puffiness and dark circles. Best of all, they won't fall off like some sheet masks, so they can hold baby upright while pampering themselves.Bubble bath made from plant-based ingredientsWalmart/Business InsiderHello Bello Bubble Bath, available at Walmart, $5.98Hello Bello, the baby line from Kristen Bell and Dax Shepard, prides itself on making premium, plant-based products like body wash, baby lotion, wipes, and this bubble bath. The gentle, hypoallergenic formula is dermatologist-tested and safe on sensitive skin, so both mom and baby can enjoy a nourishing playful bath.A soothie to keep pacifier off the floorAmazon/Business InsiderPhilips Avent Soothie Snuggle Pacifier Holder with Detachable Pacifier, available at Buy Buy Baby, $14.99This adorable pacifier and holder be used beginning at birth. The pacifier and animal detach from each other, so it's easy and fast to clean both pieces. It comes in a variety of cute critters like an elephant, giraffe, monkey, and seal. A women's multivitamin subscriptionRitual1-month supply of Ritual vitamins, available at Ritual, $30New moms have a lot to juggle, and eating healthy, balanced meals may fall by the wayside some days. Help them get the nutrients to keep their energy up with these vegan multivitamins, which contain folate, vitamin D3, B12, iron, and magnesium, and are free of artificial colorants, synthetic fillers, and gluten.A reusable smart notebookAmazonRocketbook Everlast Reusable Smart Notebook, available at Amazon, $17.17New parents live and die by a schedule. This notebook is surprisingly handy — it will send their handwritten notes to the cloud and wipes clean with a damp cloth. It makes sharing with the entire family a breeze, and no more wasting paper.A book that helps new moms who have endless questionsAmazon/Business Insider"Cribsheet: A Data-Driven Guide to Better, More Relaxed Parenting, from Birth to Preschool," available at Amazon, $13.39If they loved Emily Oster's pregnancy book "Expecting Better," they'll dive right into "Cribsheet." The "data-driven guide" helps new parents with sleep, potty training, and much more. A pair of embroidered makeup towelsWeezieMakeup Towels, available at Weezie, $40We've personally discovered Weezie's makeup towels are unexpectedly useful, and so will they. Even if they aren't washing off makeup, the fluffy fabric will feel great at the end of a long day. You can even have them embroidered to say "Mama" or a phrase of your choosing.Read the original article on Business Insider.....»»

Category: worldSource: nytMar 30th, 2022