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Investors Heavily Search Uber Technologies, Inc. (UBER): Here is What You Need to Know

Uber (UBER) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock. Uber Technologies (UBER) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this ride-hailing company have returned +1.3% over the past month versus the Zacks S&P 500 composite's +8.6% change. The Zacks Internet - Services industry, to which Uber belongs, has gained 15.8% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.For the current quarter, Uber is expected to post a loss of $0.19 per share, indicating a change of -143.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +3.4% over the last 30 days.The consensus earnings estimate of -$5.12 for the current fiscal year indicates a year-over-year change of -1,869.2%. This estimate has changed -0.7% over the last 30 days.For the next fiscal year, the consensus earnings estimate of -$0.25 indicates a change of +95% from what Uber is expected to report a year ago. Over the past month, the estimate has changed -3.9%.Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Uber is rated Zacks Rank #3 (Hold).The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.For Uber, the consensus sales estimate for the current quarter of $8.46 billion indicates a year-over-year change of +46.5%. For the current and next fiscal years, $31.73 billion and $36.97 billion estimates indicate +81.8% and +16.5% changes, respectively.Last Reported Results and Surprise HistoryUber reported revenues of $8.34 billion in the last reported quarter, representing a year-over-year change of +72.2%. EPS of -$0.61 for the same period compares with -$0.23 a year ago.Compared to the Zacks Consensus Estimate of $8.08 billion, the reported revenues represent a surprise of +3.3%. The EPS surprise was -258.82%.Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates each time over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Uber is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Uber. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. 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 Uber Technologies, Inc. (UBER): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks3 hr. 16 min. ago Related News

Here is What to Know Beyond Why Teekay Tankers Ltd. (TNK) is a Trending Stock

Recently, Zacks.com users have been paying close attention to Teekay Tankers (TNK). This makes it worthwhile to examine what the stock has in store. Teekay Tankers (TNK) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this oil and gas shipping company have returned +1.7% over the past month versus the Zacks S&P 500 composite's +8.6% change. The Zacks Transportation - Shipping industry, to which Teekay Tankers belongs, has gained 4.8% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.For the current quarter, Teekay Tankers is expected to post earnings of $5.12 per share, indicating a change of +791.9% from the year-ago quarter. The Zacks Consensus Estimate has changed +103.2% over the last 30 days.The consensus earnings estimate of $5.59 for the current fiscal year indicates a year-over-year change of +236.7%. This estimate has changed +93.6% over the last 30 days.For the next fiscal year, the consensus earnings estimate of $13.59 indicates a change of +143.1% from what Teekay Tankers is expected to report a year ago. Over the past month, the estimate has changed +179.6%.Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Teekay Tankers is rated Zacks Rank #1 (Strong Buy).The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.In the case of Teekay Tankers, the consensus sales estimate of $201.99 million for the current quarter points to a year-over-year change of +213.9%. The $595 million and $1.15 billion estimates for the current and next fiscal years indicate changes of +161.8% and +92.8%, respectively.Last Reported Results and Surprise HistoryTeekay Tankers reported revenues of $144.37 million in the last reported quarter, representing a year-over-year change of +284.4%. EPS of $1.70 for the same period compares with -$1.48 a year ago.Compared to the Zacks Consensus Estimate of $154.19 million, the reported revenues represent a surprise of -6.37%. The EPS surprise was -6.08%.Over the last four quarters, Teekay Tankers surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Teekay Tankers is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Teekay Tankers. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. 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 Teekay Tankers Ltd. (TNK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks3 hr. 16 min. ago Related News

Investors Heavily Search e.l.f. Beauty (ELF): Here is What You Need to Know

Recently, Zacks.com users have been paying close attention to e.l.f. Beauty (ELF). This makes it worthwhile to examine what the stock has in store. e.l.f. Beauty (ELF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this cosmetics company have returned +13.6% over the past month versus the Zacks S&P 500 composite's +8.6% change. The Zacks Cosmetics industry, to which e.l.f. Beauty belongs, has gained 24.3% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.For the current quarter, e.l.f. Beauty is expected to post earnings of $0.23 per share, indicating a change of -4.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +5.8% over the last 30 days.The consensus earnings estimate of $1.12 for the current fiscal year indicates a year-over-year change of +33.3%. This estimate has changed +6.8% over the last 30 days.For the next fiscal year, the consensus earnings estimate of $1.22 indicates a change of +8.8% from what e.l.f. Beauty is expected to report a year ago. Over the past month, the estimate has changed +5.2%.Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, e.l.f. Beauty is rated Zacks Rank #1 (Strong Buy).The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.In the case of e.l.f. Beauty, the consensus sales estimate of $120.74 million for the current quarter points to a year-over-year change of +23.1%. The $488.4 million and $544.7 million estimates for the current and next fiscal years indicate changes of +24.5% and +11.5%, respectively.Last Reported Results and Surprise Historye.l.f. Beauty reported revenues of $122.35 million in the last reported quarter, representing a year-over-year change of +33.2%. EPS of $0.36 for the same period compares with $0.21 a year ago.Compared to the Zacks Consensus Estimate of $106.29 million, the reported revenues represent a surprise of +15.11%. The EPS surprise was +125%.The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.e.l.f. Beauty is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about e.l.f. Beauty. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. 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 e.l.f. Beauty (ELF): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks3 hr. 16 min. ago Related News

Beat the Market Like Zacks: Novo Nordisk, Axon, General Mills in Focus

Last week, our time-tested methodologies served investors well in navigating the market. Check out some of our achievements from the past three months. The three most widely followed indexes closed a second straight winning week for the first time since October. The Dow Jones Industrial Average, the S&P 500 and the tech-heavy Nasdaq gained 0.2%, 1.1% and 2.1%, respectively.Stocks did well earlier in the week on Fed Chair Jerome Powell’s comment in which he strongly signaled that the central bank would be slowing down its rate hikes. Markets were eagerly awaiting definitive indications from the Fed to this effect ahead of the holiday season.As the week drew to a close, a hotter-than-expected labor report wiped away some of the gains, sparking a debate on whether the numbers would push the Fed into raising rates yet again by 75 bps in its December meeting. However, investor mood remains upbeat, as December is generally one of the best months of the year for the market.Regardless of market conditions, we, here at Zacks, provide investors with unbiased guidance on how to beat the market.  As usual, Zacks Research guided investors over the past three months with its time-tested methodologies. Given the prevailing market uncertainty, you may want to look at our feats to prepare better for your next action.Here are some of our key achievements:Webster Financial, HF Sinclair Surge Following Zacks Rank UpgradeShares of Webster Financial Corporation WBS have surged 17.1% since it was upgraded to a Zacks Rank #2 (Buy) on September 23.Another stock, HF Sinclair Corporation DINO, was upgraded to a Zacks Rank #1 (Strong Buy) on September 20and has returned 11.8% since then.Zacks Rank, our short-term rating system, has earnings estimate revisions at its core. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.  This stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 to Zacks Rank #5 (Strong Sell), has an impressive externally audited track record, with Zacks Rank #1 stocks generating an average annual return of +24.8% since 1988.You can see the complete list of today’s Zacks Rank #1 stocks here >>>Check Webster Financial’s historical EPS and Sales here>>>Check Grupo HF Sinclair’s historical EPS and Sales here>>>            Image Source: Zacks Investment ResearchZacks Recommendation Upgrade Drives Cactus and Reliance Steel Higher  Shares of Cactus, Inc. WHD and Reliance Steel & Aluminum Co. RS have gained 50.3% and 17.4% since their Zacks Recommendation was upgraded to Outperform on September 28 and September 20, respectively.While the Zacks Rank is our short-term rating system that is most effective over the one- to three-month holding horizon, the Zacks Recommendation aims to predict performance over the next 6 to 12 months. However, just like the Zacks Rank, the foundation for the Zacks Recommendation is trends in earnings estimate revisions.The Zacks Recommendation classifies stocks into three groups — Outperform, Neutral and Underperform. While these recommendations are determined quantitatively, our analysts have the flexibility to override them for the 1100+ stocks they closely follow based on their better judgment of factors such as valuation, industry conditions and management effectiveness than the quantitative model.To access our research reports with Zacks Recommendations for the 1100+ stocks we cover, click here>>>Zacks Focus List Model Portfolio Axon, Caterpillar Surge AheadShares of Axon Enterprise, Inc. AXON, which belongs to the Zacks Focus List, have surged 53.9% over the past 12 weeks. The stock was added to the Focus List on June 3, 2020. Another Focus-List holding, Caterpillar Inc. CAT, which was added to the portfolio on April 18,2017, has returned 28.9% over the past 12 weeks. The Zacks Focus List is a model portfolio of 50 hand-picked stocks that possess the right fundamental ingredients to outperform the market over the next 12 months. These 50 stocks are picked from a long list of stocks with the highest Zacks Rank.Since its inception on February 1, 1996, the Focus List portfolio has delivered an annualized return of +12.9%.Unlock all of our powerful research, tools and analysis, including the Focus List, Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Gain full access now >>Zacks ECAP Stocks Novo Nordisk, AmerisourceBergen SoarNovo Nordisk A/S NVO, a component of our Earnings Certain Admiral Portfolio (ECAP), jumped 20.1% over the past 12 weeks. AmerisourceBergen Corporation ABC followed Novo Nordisk with 17.9% returns.ECAP is a model portfolio of 30 concentrated, ultra-defensive, long-term Buy and Hold stocks. With little to no turnover and annual rebalance periodicity, the ECAP seeks to minimize capital loss by holding shares of companies whose earnings streams exhibit a proven 20+ year track record of surviving recessionary periods with minimal impact on aggregate earnings growth relative to the overall S&P 500.The ECAP and many other model portfolios are available as part of Zacks Advisor Tools, a cloud-based solution to access Zacks award-winning stock, mutual fund and ETF research. Click here to schedule a demo.Zacks ECDP Stocks Starbucks, General Mills Outperform PeersStarbucks Corporation SBUX, which is part of our Earnings Certain Dividend Portfolio (ECDP), has returned 17.4% over the past 12 weeks. Another ECDP stock, General Mills, Inc. GIS, has climbed 14.4% over the same time frame. Of course, the inclination of investors toward quality dividend stocks to secure an income stream amid the heightened market volatility contributed to this performance.Check Starbucks’ dividend history here>>>Check General Mills’ dividend history here>>>With an extremely low Beta and a history of minimum earnings variability over the last 20+ years, this 25-stock portfolio helps significantly mitigate risk. The ECDP has consistently outperformed the S&P 500 Dividend Aristocrats ETF NOBL.Click here to access this portfolio on Zacks Advisor Tools.   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 Caterpillar Inc. (CAT): Free Stock Analysis Report Novo Nordisk AS (NVO): Free Stock Analysis Report Starbucks Corporation (SBUX): Free Stock Analysis Report General Mills, Inc. (GIS): Free Stock Analysis Report AmerisourceBergen Corporation (ABC): Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report Webster Financial Corporation (WBS): Free Stock Analysis Report Axon Enterprise, Inc (AXON): Free Stock Analysis Report ProShares S&P 500 Dividend Aristocrats ETF (NOBL): ETF Research Reports Cactus, Inc. (WHD): Free Stock Analysis Report HF Sinclair Corporation (DINO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks4 hr. 28 min. ago Related News

3 Market Neutral Funds to Counter Market Volatility

Below, we share with you three top-ranked market-neutral funds. Each has a Zacks Mutual Fund Rank #1 (Strong Buy). In a volatile stock market, investors usually focus on a long-term strategy, which keeps them protected from concurrent ups and downs. But that is easier said than done, and adding market-neutral funds to their portfolio often bails them out in terms of hedging their risk in the prevailing market conditions.Market-neutral funds are designed to provide returns that are relatively unaffected by the state of the overall stock market. Adding these to the portfolio should boost returns and reduce risk. They typically deliver returns by combining long and short positions in various securities.Below, we share with you three top-ranked market-neutral funds, viz., Victory Market Neutral Income Fund CBHAX, Gabelli ABC Fund (The) GABCX and Hussman Strategic Growth Fd HSGFX. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of market neutral funds.Victory Market Neutral Income Fund seeks to achieve its investment objective of high current income by implementing a proprietary, rules-based market-neutral investment strategy. CBHAX aims to generate income from its investments while maintaining a low correlation to the foreign and domestic equity and bond markets.Victory Market Neutral Income Fund has three-year annualized returns of 1.5%. As of June 2022, CBHAX held 445 issues, with 10.3% of its assets invested in TOTAL OTHER.Gabelli ABC Fund (The) typically invests in securities that provide attractive opportunities for appreciation or investment income. GABCX seeks to limit the excessive risk of capital loss by employing a varied investment strategy, including investing in value-oriented common stocks.Gabelli ABC Fund (The) has three-year annualized returns of 2%. Mario J. Gabelli has been one of the fund managers of GABCX since 1993.Hussman Strategic Growth Fd typically invests most of its assets in common stocks picked by investment advisors. HSGFX may use options and index futures, and other hedging strategies, to balance the fund’s exposure during unfavorable market conditions.Hussman Strategic Growth Fd fund has three-year annualized returns of 7.9%. HSGFX has an expense ratio of 1.14% compared with the category average of 1.90%.To view the Zacks Rank and the past performance of all market-neutralfunds, investors can click here to see the complete list of market neutral funds.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> 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 >>View All Zacks #1 Ranked Mutual FundsWant 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 Get Your Free (HSGFX): Fund Analysis Report Get Your Free (GABCX): Fund Analysis Report Get Your Free (CBHAX): Fund Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks4 hr. 28 min. ago Related News

5 Technology Bigwigs to Buy on the Dip for Gains in 2023

We have narrowed our search to five large-cap technology stocks with attractive valuations. These are: ABNB, FTNT, DDOG, VRSN and PAYC. Just four weeks of trading are left to complete a terrible 2022, in which the technology sector has suffered the most. The technology sector, which enabled Wall Street to get rid of the coronavirus-induced short bear market and formed the new bull market, has suffered since the beginning of this year as most market participants were extremely concerned about the sector’s overvaluation in the last two years.As 2022 progressed, 40-year high inflation in the United States, Fed’s ultra-hawkish monetary tightening with a record-high interest rate to combat inflation and concerns about a near-term recession resulted in a sharp decline in the technology sector’s valuation.The Technology Select Sector SPDR (XLK) — one of the 11 broad sectors of the S&P 500 Index — has tumbled 22.2% year to date. The tech-heavy Nasdaq Composite Index has plunged 26.7% year to date and is currently in a bear market.Consequently, the technology sector is no longer overvalued. Moreover, it seems that peak inflation is behind us as indicated by several measures of inflation in October. Fed Chairman Jerome Powell’s recent comment about a possible lowering of the magnitude of interest rate hike in December FOMC meeting will be highly advantageous for this sector.At this stage, it should be prudent to invest in large-cap (market capital > $20 billion) technology stocks with a favorable Zacks Rank for gains in 2023.Technology is the Best Bet for the Long TermThe recent meltdown of the technology sector is a temporary phenomenon. The fundamentals of this sector are rock solid. We must not forget that the growing demand for hi-tech products has been a catalyst for the sector in an otherwise tough environment. A series of breakthroughs in 5G wireless network, cloud computing, predictive analysis, AI, self-driving vehicles, digital personal assistants and IoT, has given a boost to the overall space.Tech Has Vast Potential — Buy on the DipThe leading emerging markets of Asia, Latin America, Africa and some European countries are still way behind in using digital technology compared to the developed world. While mobile phone penetration is nearly 90% in these countries, a large number of people are still using phones with old features, since voice communication and not data serve most of their needs. Even those using smartphones, rarely utilize online digital features.   However, the outbreak of coronavirus quickly changed the lifestyle and lookout of these people. People were not entirely used to digital platforms for their office work (work from home), ordering food and other daily needs or transferring money and making payments. Moreover, online schooling, video conferencing and virtual networking have now become essential.The countries that are more digitized have been able to minimize their losses during the pandemic. These are major lessons for other countries. Even those who are less inclined toward digital technology and online platforms, either because they have to learn using smartphones or tablets or due to fear of data theft, are now feeling the massive advantage of online platforms.Our Top PicksWe have narrowed our search to five large-cap technology stocks with attractive valuations. The stocks have strong growth potential for 2023 and have seen positive earnings estimate revision for the next year in the last 30 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.THe chart below shows the price performance of our five picks in the past monthx.Image Source: Zacks Investment ResearchAirbnb Inc. ABNB is riding on an improvement in the travel industry. Continued recovery in both longer-distance and cross-border travel owing to a reduction in travel restrictions is benefiting ABNB’s Nights & Experience bookings. Additionally, growth in average daily rates and gross booking value is a tailwind.Growing active listings in Latin America, North America and EMEA are contributing well to the top line. Growing sales and marketing initiatives along with continuous efforts to upgrade various aspects of the Airbnb service are helping the company gain momentum among hosts and guests.Airbnb has an expected earnings growth rate of 15.6% for the next year. The Zacks Consensus Estimate for next-year earnings has improved 6.8% over the last 30 days. The stock price of ABNB is currently trading at a 47.3% discount from its 52-week high.Datadog Inc. DDOG is benefitting from new customer additions and increased adoption of its cloud-based monitoring and analytics platform driven by accelerated digital transformation and cloud migration across organizations.The solid adoption of Synthetics and Network Performance Monitoring products are expected to aid customer wins for DDOG in the near term. Contributions from a solid cloud partner base, including Google Cloud, Microsoft Azure and Amazon Web Services, remain the key growth driver for DDOG besides an expanding portfolio.Datadog has an expected earnings growth rate of 17.4% for the next year. The Zacks Consensus Estimate for next-year earnings has improved 10.5% over the last 30 days. The stock price of DDOG is currently trading at a 59.9% discount from its 52-week high.Fortinet Inc. FTNT is benefiting from rising demand for security and networking products amid the coronavirus crisis as a huge global workforce is working remotely. FTNT is also benefiting from robust growth in Fortinet Security Fabric, cloud and Software-defined Wide Area Network offerings.Moreover, continued deal wins, especially those of high value, are solid drivers. Higher IT spending on cybersecurity is expected to aid Fortinet grow faster than the security market. Also, focus on enhancing its unified threat management portfolio through product development and acquisitions is a tailwind for FTNT.Fortinet has an expected earnings growth rate of 20.6% for the next year. The Zacks Consensus Estimate for next-year earnings improved 6.2% over the last 30 days. The stock price of FTNT is currently trading at a 27.9% discount from its 52-week high.Paycom Software Inc.  PAYC is a provider of cloud-based human capital management software as a service solution for integrated software for both employee records and talent management processes.PAYC’s differentiated employee strategy, measurement capabilities and comprehensive product offerings are helping it win new customers. Further, solutions like Ask Here and Manager on-the-Go, both focusing on employee usage and efficiency, are tailwinds.Paycom has an expected earnings growth rate of 23.3% for the next year. The Zacks Consensus Estimate for next-year earnings has improved 0.6% over the last 30 days. The stock price of PAYC is currently trading at a 23.2% discount to its 52-week high.VeriSign Inc. VRSN  ended the third quarter of 2022 with 174.2 million .com and .net domain name registrations, up 1.2% year over year. VRSN’s performance is being driven by growth in .com and .net domain name registrations.VeriSign is expected to benefit from growing Internet consumption globally. VRSN continues to expand its critical infrastructure to tap the growing demand for DNS navigation services in industries like commerce, education and healthcare.VeriSign has an expected earnings growth rate of 11.2% for the next year. The Zacks Consensus Estimate for next-year earnings improved 0.1% over the last 30 days. The stock price of VRSN is currently trading at a 21.4% discount to its 52-week high. 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 VeriSign, Inc. (VRSN): Free Stock Analysis Report Fortinet, Inc. (FTNT): Free Stock Analysis Report Paycom Software, Inc. (PAYC): Free Stock Analysis Report Datadog, Inc. (DDOG): Free Stock Analysis Report Airbnb, Inc. (ABNB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacks4 hr. 28 min. ago Related News

3 Funds to Buy on Solid Jump in October Durable Goods Orders

Funds like FSAVX, FCYIX and FSRFX are likely to benefit in the near term as higher demand continues to drive orders for durable goods. Orders for U.S.-made goods meant to last longer than three years rose sharply in October, indicating that demand remains high despite the pressure on the cost of living created by rising costs. The jump in orders comes since data showed that the cost of living somewhat eased in October as inflation showed signs of colling.Higher demand for durable goods also indicates that the manufacturing sector despite being under tremendous pressure is still going strong and has succumbed to inflationary pressures.  Thus, funds like Fidelity Select Automotive Portfolio FSAVX, Fidelity Select Industrials Portfolio FCYIX and Fidelity Select Transportation Portfolio  FSRFX are likely to benefit in the near term.Durable Goods Orders RiseThe Commerce Department reported on Nov 23 that orders for durable goods made in U.S. factories rose a solid 1% or $2.8 billion in October on a month-over-month basis to reach $277.4 billion. This was more than economists’ expectations of a rise of 0.4%. October’s jump follows a 0.3% rise in orders for durable goods in September.Excluding defense, new orders for durable goods increased 0.8% in October.The rise in October was primarily driven by an increase in orders for transportation equipment. Orders for transportation equipment rose $2 billion, or 2.1%, to reach $97.8 billion. Orders for transportation equipment have not increased in six of the past seven months. Excluding transportation, new orders increased 0.5% in October.Shipments of manufactured durable goods increased 0.4% in October after gaining 0.3% in September. Shipments of machinery led the gains, at 1.3%. Capital goods shipments have now increased in 17 out of the past 18 months. Core capital goods shipments, a metric to gauge equipment investment in the government’s GDP report, rose 1.3%.Additionally, inventories of manufactured durable goods increased by $0.9 billion, or 0.2%, month over month in October, reaching $489.5 billion.The solid rise in October orders gain proves that producers are still confident, although rising costs are reducing consumer confidence.People spent more on goods and less on services during the peak of the pandemic. However, once restrictions started getting eased, and the economy began performing at its optimum level, people started spending more on services.Even then, there is still a sizable amount of product demand, which is driving up orders for durable goods.3 Best ChoicesWe have, thus, selected three mutual funds with significant exposure to the manufacturing sector, each carrying a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy) that are poised to gain from such factors. Moreover, these funds have encouraging three and five-year returns. Additionally, the minimum initial investment is within $5000.The question here is why should investors consider mutual funds? Reduced transaction costs and diversification of portfolios without the several commission charges that are associated with stock purchases are the primary reasons why one should be parking their money in mutual funds (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).Fidelity Select Automotive Portfolio aims for capital appreciation. FSAVX invests most of its assets in common stocks of companies engaged in manufacturing automobiles, trucks, specialty vehicles, parts, tires, and related services.Fidelity Select Automotive Portfolio fund has a history of positive total returns for over 10 years. To see how this fund performed compared to its category, and other #1 and 2 Ranked Mutual Funds, please click here.Fidelity Select Automotive Portfolio has a Zacks Mutual Fund Rank #1. FSAVX has returned 14.5% and 9.9% over the past three and five years, respectively.Fidelity Select Industrials Portfolio fund aims for capital appreciation. FCYIX invests typically a large portion of its assets in the common stock of companies, principally engaged in the research, development, manufacture, distribution, supply, or sale of industrial materials, equipment, products, or services. Fidelity Select Industrials Portfolio is a non-diversified fund.Fidelity Select Industrials Portfolio fund has a history of positive total returns for over 10 years. To see how this fund performed compared to its category, and other #1 and 2 Ranked Mutual Funds, please click here.Fidelity Select Industrials Portfolio has a Zacks Mutual Fund Rank #1. FCYIX has returned 6.2% and 5.5% over the past three and five years, respectively.Fidelity Select Transportation Portfolio aims for capital appreciation. FSRFX invests the majority of its assets in securities of companies that are primarily involved in the design, manufacture, distribution, or sale of transportation equipment or businesses that are primarily involved in providing transportation services.Fidelity Select Transportation Portfolio fund has a history of positive total returns for over 10 years. To see how this fund performed compared to its category, and other #1 and 2 Ranked Mutual Funds, please click here.Fidelity Select Transportation Portfolio has a Zacks Mutual Fund Rank #2. FSRFX has returned 10.1% and 8% over the past three and five years, respectively.Want key mutual fund info delivered straight to your inbox?Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> 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 Get Your Free (FCYIX): Fund Analysis Report Get Your Free (FSRFX): Fund Analysis Report Get Your Free (FSAVX): Fund Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWant 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.....»»

Category: topSource: zacks4 hr. 28 min. ago Related News

Elon Musk says Twitter"s team was "too intense" with suspending false accounts and is "moving to chill mode"

Musk said Twitter is "purging" fake accounts on Thursday, but one user complained that accounts posting memes and positive content were affected too. Musk says Twitter team was "too intense" with removing spam and bot accounts from the platform.Susan Walsh/AP Musk said Twitter's team had been "too intense" with suspending fake accounts. One user complained that accounts posting positive content and memes were being suspended.  Musk said the team in charge of suspensions was "moving to chill mode." Elon Musk said on Sunday night that the team responsible for removing spam and bot accounts on Twitter had been "a bit too intense" when suspending users on the site, and would be told to "chill" going forward.After one Twitter user complained about Twitter suspending a number of genuine accounts that posted "memes and positivity," Musk responded: "Team was a bit too intense with spam/bot suspensions. Moving to chill mode." Musk had tweeted on Thursday that that the platform was "purging a lot of spam/scam accounts," and that users might subsequently see their follower numbers drop. Musk's issue with fake accounts defined his six-month saga with Twitter over buying the platform. Musk originally terminated his deal to buy Twitter in July saying that the number of spam and bot accounts on the platform was far higher than what Twitter had disclosed to him in financial reports. Musk's analysis found that fake accounts on Twitter were "higher than 5%." The billionaire CEO promised back in April that if his buyout of Twitter succeeded he would "defeat the spam bots or die trying!" He added to to the tweet that he wanted to "authenticate all real humans." Twitter's new trust and safety head Ella Irwin said that Musk's top priority was platform safety in an interview with Reuters. Irwin highlighted that the social media platform was now relying more on artificial intelligence to spot and address harmful content. Several left-wing activists had their accounts suspended unfairly over the past few weeks because Twitter's trust and safety team has been "decimated," one activist impacted told Insider. Key members of the team quit or were fired including Irwin's predecessors, Vijaya Gadde and Yoel Roth. On Friday, journalist Matt Taibbi released "The Twitter Files," in a thread under Musk's instructions, to show how Twitter suppressed the content of Hunter Biden's laptop being released before the 2020 presidential elections. The exposé doxxed multiple people including revealing the email addresses of former CEO Jack Dorsey and politician Rohit Khanna, The Verge reported.Read the original article on Business Insider.....»»

Category: personnelSource: nyt4 hr. 44 min. ago Related News

Stocks Have "Considerably More Downside" & Commodities Have A "Brand New Tailwind" In 2023

Stocks Have "Considerably More Downside" & Commodities Have A "Brand New Tailwind" In 2023 Submitted by QTR's Fringe Finance Friend of Fringe Finance Mark B. Spiegel of Stanphyl Capital released his most recent investor letter last week, with his updated take on the market’s valuation and Tesla. Mark is a recurring guest on my podcast (and will be coming back on again soon hopefully) and definitely one of Wall Street’s iconoclasts. I read every letter he publishes and only recently thought it would be a great idea to share them with my readers. Like many of my friends/guests, he’s the type of voice that gets little coverage in the mainstream media, which, in my opinion, makes him someone worth listening to twice as closely. Photo: Real Vision Mark was kind enough to allow me to share his thoughts from his November 2022 investor letter. Mark’s Thoughts On Macro Despite the stock market’s recent rally (we were up a hell of a lot more this month before today!) we  continue to carry a large SPY short position, as I believe the major indexes—although not all individual  stocks—have considerably more downside to go, the inevitable hangover from the biggest asset bubble in U.S. history. For far too long, the Fed printed $120 billion a month and held short-term rates at zero while the government concurrently ran a record fiscal deficit. Now, thanks to the massive inflationary  hangover from those idiotic policies (November’s “not as bad as feared” data not withstanding), the Fed is reducing its balance sheet and raising interest rates, and although the current rate of high-7% year over-year inflation is unsustainable, the eventual end of China’s “zero-Covid policy” and its November reversal on bailing out its real estate industry combined with the end of Biden’s SPR drawdowns will give commodity prices a brand new tailwind in 2023. Longer term, the war on fossil fuel, expensive “onshoring,” fewer available workers and perpetual government budget deficits make a new baseline of  around 4% inflation (double the Fed’s 2% target) likely.  Even a 2023 Fed interest rate “pause” at 4.75% (and remember, a “pause” is not a “pivot”!) would,  combined with $90 billion a month in ongoing QT, make current stock market valuations unsustainable,  as stocks are still expensive. [QTR’s note: This echos Kenny Polcari’s sentiments & my sentiments of recent.] According to Standard & Poor’s, with 97% of companies having reported, Q3 S&P 500 GAAP earnings came in at around $44.79, which annualizes to $179.16. (And these were the sixth  highest quarterly earnings in history; i.e., they were not “trough.”) A 16x multiple on that—generous for  a rising rate, recessionary (or even just slow-growth) environment—would bring the S&P 500 down to 2867 vs. November’s close of 4080.11. And remember, just as in bull markets, PE multiples usually overshoot to the upside, in bear markets they often overshoot to the downside. A bottom formed at a  considerably lower multiple is not unfathomable.  Additionally, we can see from CurrentMarketValuation.com that the U.S. stock market’s valuation as a  percentage of GDP (the so-called “Buffett Indicator”) is still very high, and thus valuations have a long way  to go before reaching “normalcy”: Regarding sentiment, we can see from Ed Yardeni that in the Investors Intelligence poll the highest the “bear percentage” got so far in the current market was only around 45% (in the most recent poll it was just 31.5%), yet there were multiple times during the 1980s, 1990s and 2008 that it climbed much higher:  Also, we can see from this old academic paper that during the grinding bear market of 1973 to 1975, when  the S&P 500’s GAAP PE multiple dropped from 18x to 8x, the bears in the Investors Intelligence poll climbed to around 75% and went over 80% during the bear markets of the 1960s. So if you think that based on this bear market’s sentiment we’ve “seen the bottom,” I wish you luck! Meanwhile, interest costs on the Federal debt are already set to grow massively. Does anyone seriously think this Fed has the stomach to face the political firestorm of Congress having to slash Medicare, the  defense budget, etc. in order to pay the even higher interest cost that would be created by upping those rates to a level commensurate with crushing even just 4% inflation? Powell doesn’t have the guts for that, nor does anyone else in Washington; thus, this Fed will likely be behind the inflation curve for at least a  decade. And that’s why we remain long gold (via the GLD ETF).  Mark On His Fund’s Positions (Positions May Change At Any Time) We continue to own automaker Stellantis (STLA), which has a great balance sheet with plenty of net cash (and a 7% dividend yield!) and which—at a current price of $15.62/share—sells for only around 3x 2022 earnings estimates of $5.26/share. I believe Jeep alone (which in September announced a full  electrification strategy) could be worth more than what we paid for the entire company, which also  includes Dodge, Chrysler, Ram, Fiat, Citroen, Peugeot, Opel, Alfa Romeo, Vauxhall, Lancia and Maserati. And if current EV sales are your interest, Stellantis already has Europe’s best-selling mass-market model.  We continue to own Volkswagen AG (via its VWAPY ADR, which represent “preference shares” that are  identical to “ordinary” shares except they lack voting rights and thus sell at a discount). VW currently sells  for around 4.2x estimated 2022 earnings due to a combination of “recession fears” and short-term issues obtaining energy (until either the Ukraine war is over or alternative supplies are in place), but it controls a massive number of terrific brands including Porsche, of which it recently IPO’d a small percentage at  a $73 billion valuation, thus valuing the rest of the company at only around $10 billion; I believe Audi  alone is worth 4x that! And a Lamborghini IPO may be next. Additionally, VW will pay a January special  dividend of around $1.90 per VWAPY share in proceeds from Porsche’s IPO, and the regular yield is  currently over 5%! Meanwhile VW Group’s EVs (several of which are more technologically advanced than  any Tesla) combine to heavily outsell Tesla in Europe and by 2025 may outsell Tesla worldwide. We continue to own General Motors (GM), which currently sells for only around 6.5x the $6.26/share  midpoint of its 2022 GAAP EPS guidance (which was reiterated in November). GM is doing all the right  things in electric cars, autonomous driving (via its Cruise ownership) and software, yet it’s cheap because,  as with other established automakers, many investors have (for now) forsaken it in favor of “electric car  pure-plays,” a sector which has thus become the largest valuation bubble in history. Get 50% off: If you enjoy this article, would like to support my work, I would love to have you as a subscriber and can offer you 50% off for life: Get 50% off forever And regarding  “autonomy,” keep in mind that unlike Tesla, which sells a LiDAR-less fraud to rubes, Cruise is already  running a fleet of fully autonomous cars in San Francisco (and soon Phoenix and Austin); you can see many  videos of this on its YouTube channel. GM will also benefit more than any other manufacturer from the  proposed new EV tax credit, as it will soon have the largest variety of North American-made (a requirement of the credit) EV models fitting within the new price restrictions. Additionally, in August the  company reinstituted a modest dividend. I thus consider these positions (Stellantis, GM and VW) to be both “freestanding value stock buys” and “relative-value paired trades” against our Tesla short.One oft heard knock against “the autos” is a belief  that their recent earnings have been “peak,” but keep in mind that due to supply chain issues they all  sold around 20% fewer cars than they otherwise could have. Thus, I believe those recent earnings are more like “strong midcycle” and should likely have around a 10x run-rate PE, not the current 3x to 6x. Also, thanks to those same supply chain issues they’re much lighter on inventory than they’d normally  be heading into a recession. Therefore, I believe these stocks have considerable upside from here.  We continue to own Fuel Tech Inc. (FTEK), a seller of air and water pollution control technologies, which in November reported a solid Q2, with revenue up 6.1% year-over-year (although at a lower gross margin),  .01/share in GAAP earnings and around $600,000 in free cash flow. At a current price of $1.24/share with  30.3 million shares outstanding and $33.9 million in cash and Treasuries (and no debt), this is a 43% gross  margin business selling for an enterprise value of only around 0.14x 26.4 million in TTM revenue. This is  the kind of company that will either ignite growth and its stock will take off (its new “Dissolved Gas  Infusion” water treatment technology is a potential medium-term catalyst for that), or it’s so cheap that  it will make for a good strategic acquisition target, as removing the costs of being an independent public  company could make it instantly earnings-accretive while allowing the buyer to acquire a nice chunk of  revenue very cheaply. In short, I think it’s a good “value stock” in which to park some money and see what  happens.  And now, Tesla…  Despite big, margin-slashing price cuts in both China and Europe, Tesla delivery wait times worldwide  have declined substantially, down to just one week in China while in the U.S. (where Musk’s Twitter boondoggle is rapidly destroying the brand) Tesla is choking on Model 3 inventory and offers December Model Y delivery, while Europe’s backlog is expected to be completely gone by year-end. This means Tesla’s production capacity now outstrips its rate of incoming orders despite the new German and Texas  factories producing at only around 10% of capacity!  Meanwhile, combined deliveries for the last two quarters (Q2 & Q3 2022) were lower than those for  the previous two quarters (Q4 2021 & Q1 2022). As Tesla slashes prices it will undoubtedly sell more  cars (I expect Q4 deliveries to be in the range of around 400,000 vs. previous quarters in the 300,000s,  thanks to the cuts plus a rush to beat year-end expiring EV incentives in China, Germany and France), but any other car company can slash prices and do the same thing. (Welcome to the auto business,  which currently sells for around 5x earnings!) Tesla’s apparent market saturation rate of around 1.6 million cars/year worldwide (at least until it slashes prices yet again!) is massively below its current factories’ production capacity, much less the bulls’ absurd expectations of adding a new factory every six months for the next ten years! For some valuation perspective, BMW sells around 2 million cars a year with very high margins  (including the best electric SUV now on the market (the new iX), the best luxury EV( the new i7), and  among the best small luxury EVs (the new i4), and has a market cap of around $59 billion. If Tesla grew annual deliveries to the size of BMW’s and had BMW-level margins, at BMW's current market cap it  would sell for less than $19/share vs. this month's closing price in the $194s! (Remember: Tesla now  has 3.16 billion shares outstanding!)  Meanwhile, Elon Musk remains the most vile person ever to head a large-cap U.S. public company, and  we remain short Tesla, the biggest bubble-stock in modern market history, because:  1) It has a sliding share of the world’s EV market and a share of the overall auto market that’s less than 2%, yet a market cap almost as big the next 6 largest automakers (by market cap) combined.  2) It has no “moat” of any kind; i.e., nothing meaningfully proprietary in terms of its electric  car technology (which has now been equaled or surpassed by numerous competitors) and its previously proprietary Superchargers are being opened to everyone), while existing  automakers—unlike Tesla—have a decades-long “experience moat” of knowing how to  mass-produce, distribute and service high-quality cars consistently and profitably.  3) Excluding working capital benefits and sunsetting emission credit sales Tesla generates only  minimal free cash flow.  4) Growth in sequential demand for Tesla’s cars is at a crawl relative to expectations. 5) Elon Musk is a pathological liar.  In October Tesla claimed that it had Q3 GAAP earnings of around .87/share excluding sunsetting emission  credit sales. If you believe that after viewing this chart (courtesy of Twitter user @Keubiko), I have a bridge to sell you in Brooklyn: Orange is revenue, green is operating expenses Furthermore, Tesla’s minimal depreciation of its new factories appears fraudulently low, as does its  warranty reserve.  Even if you believe Tesla’s clearly nonsensical earnings number, it annualizes to only $3.48/share, which  based on November’s closing price of $194.70 = a run-rate PE ratio of around 56 for a now slow-growing (or growing-but-margin-slashing) car company in an industry with a current average PE of around 5.  Meanwhile, Tesla has objectively lost its “product edge,” with many competing cars now offering comparable or better real-world range, better interiors, similar or faster charging speeds and much better quality. (Tesla ranks near the bottom of Consumer Reports’ reliability survey while British consumer  organization Which? found it to be one of the least reliable cars in existence.) Thus, due to competitors’ temporary production constraints, waiting times are now longer for many of Tesla’s direct EV competitors than they are for a Tesla.   In fact, Tesla is likely now the second, third or fourth choice for many EV buyers, and only maintains its  volume lead though a short-lived edge in production capacity that will disappear over the next 12 to 36 months as competitors rapidly increase the ability to produce their superior EVs. Tesla’s poorly-built  Model Y faces current (or imminent) competition from the much better made (and often just better)  electric Hyundai Ioniq 5, Kia EV6, Ford Mustang Mach E, Cadillac Lyriq, Nissan Ariya, Audi Q4 e-tron, BMW  iX3, Mercedes EQB, Volvo XC40 Recharge, Chevrolet Blazer EV & $30,000 Equinox EV and Polestar 3. And  Tesla’s Model 3 now has terrific direct “sedan competition” from Volvo’s beautiful Polestar 2, the great  new BMW i4, the upcoming Hyundai Ioniq 6 and Volkswagen Aero, and multiple local competitors in  China.  And in the high-end electric car segment worldwide the Porsche Taycan (the base model of which is now  considerably less expensive than Tesla’s Model S) outsells the Model S, while the spectacular new BMW  i7, Mercedes EQS, Audi e-Tron GT and Lucid Air make it look like a fast Yugo, and the extremely well  reviewed new BMW iX, Mercedes EQS SUV and Audi Q8 eTron (as well as multiple new Chinese models)  do the same to the Model X.  Indeed, for years I’ve said “Tesla is Blackberry”—the maker of a first-generation version of a product  that—once the market was proven—would be supplanted into niche obscurity by newer, better versions;  now I can provide a much more recent analogy: Tesla is Netflix. For years Netflix had an absurd valuation  based on its pioneering position in streaming media, but once it proved that such a market existed myriad  competitors swarmed all over it, and this year the stock collapsed when we learned that not only is Netflix  no longer in “hypergrowth” mode but for the first time since 2011 (when it transitioned from physical  DVDs) it actually lost subscribers. I believe Musk knows that Tesla is “the next Netflix” (hence his recent  “Twitter buying distraction”), with VW, Hyundai/Kia, Ford, GM, Stellantis, BMW, Mercedes, BYD & other  Chinese competitors and, in a few years, Toyota & Honda, being the Disney, HBO Max, Amazon Prime, Peacock, Hulu, Paramount +, etc., of the electric car market, stealing Tesla’s share and eventually  pounding its stock price down 90% or so from today’s, into the valuation of “just another car company.” Despite this obvious “writing on the wall,” many Tesla bulls sincerely believe that ten years from now the  company will be twice the size of Volkswagen or Toyota, thereby selling around 20 million cars a year (up  from the anticipated Q4 annualized run-rate of around 1.6 million); in fact in May Musk himself even  raised this as a possibility. Setting aside the absurdity of selling that many cars into the limited market of Tesla’s high price points, the “logistical absurdity” of selling 20 million cars/year in ten years means that  in addition to 2.4 million cars a year of sold-out existing claimed production capacity (once the German  and Texas factories are fully operational), Tesla would have to add 35 more brand new 500,000 car/year  factories with sold out production; i.e., a new factory approximately every single quarter for the next ten years! Only a Teslemming could be dumb enough to believe this!  Meanwhile, in June the NHTSA announced that its investigation of Tesla’s deadly Autopilot has  expanded into “an engineering analysis,” the last required step before (finally!) demanding a full recall,  and in October it was reported that this deadly scam is being investigated by both the SEC and the DOJ.  The refund liability potential for Tesla for this is in the billions of dollars, and possibly even the tens of  billions if a class action lawsuit proves that the cars involved were purchased solely due to the  (fallacious) promise of “full self-driving.” And, of course, there will be a massive “valuation reappraisal”  for Tesla’s stock as the world wakes up to the fact that Tesla’s so-called “autonomy technology” is deadly, trailing-edge garbage. In fact, the NHTSA has reported a slew of Autopilot-related deaths just  since last year. For all Tesla deaths cited in the media—which is likely only a small fraction of those that  have occurred—see TeslaDeaths.com. And Tesla has sold this trashy software for over six years now:  …and still promotes it on its website via a completely fraudulent video! Another favorite Tesla hype story has been built around so-called “proprietary battery technology.” In fact  though, Tesla has nothing proprietary there—it doesn’t make them, it buys them from Panasonic, CATL and LG, and it’s the biggest liar in the industry regarding the real-world range of its cars. And if new-format 4680 cells enter the market some time in 2024 (as is now expected), even if Tesla makes some of its own,  other manufacturers will gladly sell them to anyone, and BMW has already announced it will buy them  from CATL and EVE.  And oh, the joke of a “pickup truck” Tesla previewed in 2019 (and still hasn’t shown in production-ready  form) won’t be much of “growth engine” either, as by the time it’s in mass-production in 2024 it will enter  a dogfight of a market; in fact, Ford’s terrific 2022 all-electric F-150 Lightning now has over 200,000 retail  reservations (plus many more fleet reservations), GM has introduced its fantastic 2023 electric Silverado which already has nearly 200,000 reservations, Rivian’s pick-up has gotten excellent early reviews, and  Ram will also be out with a great truck in 2024. About Mark Spiegel Mark manages Stanphyl Capital, established in 2011, a deep-value equity & macro long-short investing fund based in New York City. Mark can be reached at mark@stanphylcap.com or at @StanphylCap on Twitter. Disclaimer: This letter was not reproduced in full. I may own Tesla call and put options and may be long/short TSLA and or any names mentioned. You should assume I have positions in any names I publish about. I have no position in Mark’s funds. Mark is a subscriber to Fringe Finance via a comped subscription I gave him and has been on my podcast. The excerpts from Mark’s letter, above, shall not be construed as an offer to sell, or the solicitation of an offer to sell, any securities or services. Any such offering may only be made at the time a qualified investor receives formal materials describing an offering plus related subscription documentation. There is no guarantee the Fund’s investment strategy will be successful. Investing involves risk, and an investment in the Fund could lose money. Tyler Durden Sun, 12/04/2022 - 15:40.....»»

Category: blogSource: zerohedge21 hr. 28 min. ago Related News

Ukraine Wheat Harvest Crushed Expectations: Satellite Analysis

Ukraine Wheat Harvest Crushed Expectations: Satellite Analysis After much worrying about the effects of war on the country's food production, Ukraine's 2022 wheat harvest far exceeded forecasts -- but Russia took a billion-dollar share in the occupied east -- according to analysis of satellite imagery by NASA Harvest, an international consortium that uses satellite technology to advance food security.  “Our satellite-based production numbers for the 2022 winter wheat crop in Ukraine make clear that farmers had a largely successful harvest," said NASA Harvest program director Inbal Becker-Reshef. Analysts calculated that farmers throughout Ukraine harvested 26.6 million tons of wheat this year, which is several million tons higher than forecasted.  “That’s down from the previous year’s record harvest of 33 million tons, but it’s close to the five-year average of 27.9 million tons,” said Becker-Reshef. When Russia launched its invasion, some observers warned that perhaps only 70 to 80% of the winter crop would be harvested by summer's end. However, NASA Harvest concluded that 94% of the crop was reaped.  With the war obscuring what's happening on the ground, the satellite analysis offers a means of observing agricultural activity from a safe distance. “The risks on the ground during the war have made the NASA Harvest monitoring system one of the only safe and reliable ways for researchers to track what is happening to crops in Ukraine,” said NASA scientist Sergii Skakun. NASA Harvest uses satellite observations and modeling to gauge the cultivation and harvesting of key crops. Crop status can be discerned by studying colors, with unharvested fields appearing dark brown and harvested fields appearing light brown.  Satellite imagery of Ukraine shows a concentration of unharvested (darker brown) fields near the war's front lines (via NASA) Unsurprisingly, analysts found that the unharvested wheat is concentrated along the principal battle lines.  Via NASA While the analysis is full of good news for the world's agriculture consumers, it contains a sobering stat for the Ukraine government: A whopping 22% of the wheat was harvested in the Russian-occupied east. That's about 5.8 million tons worth at least $1 billion, according to NASA Harvest partner Abdolreza Abbassian.  HarvEast, a principal Ukraine agricultural firm, tells Bloomberg that all of the winter crops it planted in Donetsk were harvested and sold off.  “This year, winter wheat gave a very high yield for this region due to favorable weather conditions,” says HarvEast Chief Executive Officer Dmitry Skornyakov.  “Everything that was harvested on our fields was stolen and exported from Ukraine.” Bloomberg cites an unnamed prosecutor in Switzerland who cautions that selling looted grain may be considered a war crime.   Via NASA  Tyler Durden Sun, 12/04/2022 - 11:35.....»»

Category: blogSource: zerohedgeDec 4th, 2022Related News

A European Central Bank Blog Decries the End of Bitcoin, and We Aren’t Buying It

Plus: What happens when you go from bitcoin-only to … not? Crypto Long & Short is CoinDesk's weekly newsletter featuring insights, news and analysis for the professional investor......»»

Category: forexSource: coindeskDec 4th, 2022Related News

7 times NASA"s James Webb Space Telescope spotted something Hubble missed

With its infrared gaze, the James Webb Space Telescope can capture galaxies, planets, moons, and auroras that Hubble can't detect. The James Webb Space Telescope (left) is 100 times more powerful than Hubble (right).NASA/Chris Gunn; NASA The James Webb Space Telescope can capture a more complete view of galaxies, stars, and planets. The powerful telescope is 100 times stronger than its predecessor, Hubble, and uses infrared light. JWST began science operations in July. Scientists stress it's just beginning to unveil the universe. NASA's James Webb Space Telescope has been delivering mind-blowing views of the cosmos since it began science operations in the summer.Before Webb, astronomers had another workhorse cosmic observatory: the Hubble Space Telescope. Both are space-based telescopes, but they differ in many ways. Hubble sees ultraviolet light, visible light, and a small slice of infrared, while Webb looks at the universe across the infrared spectrum.Webb is 100 times stronger than Hubble, which allows astronomers to peer even further into space. As its first few months of observations have proved, Webb is capable of taking the most striking shots yet of the universe.Webb provided sharp views of Jupiter's auroras and storms that Hubble can't seeHubble image of Jupiter (left) JWST image of Jupiter (right)Hubble, NASA, ESA, Jupiter ERS Team; image processing by Judy SchmidtIn August, Webb snapped images of Jupiter — the largest planet in our solar system. When compared to Hubble's images of the gas giant, above on the left, Webb offers a sharper and crisper image, and showcases new details of Jupiter's auroras and storm systems.In Webb's image of Jupiter, above on the right, the planet's Great Red Spot — an enormous storm that has been swirling for centuries — is so bright with reflected sunlight that it appears white.Webb's infrared image also shows Jupiter's auroras lighting up both the planet's poles. Auroras are colorful displays of light that are not unique to Earth. Jupiter has the most powerful auroras in the solar system, according to NASA.On both Earth and Jupiter, auroras occur when charged particles from the sun interact with the magnetic field — known as the magnetosphere — that surrounds a planet. Jupiter's magnetic field is about 20,000 times stronger than Earth's.Webb revealed thread-like filaments in the Orion Nebula hidden to HubbleHubble image of the Orion Nebula (left ) JWST image of the Orion Nebula (right)NASA, ESA, Massimo Robberto (STScI, ESA), Hubble Space Telescope Orion Treasury Project Team NASA, ESA, CSA, Data reduction and analysis : PDRs4All ERS Team; graphical processing S. FuenmayorNASA released images of the Orion Nebula — a massive star-forming region 1,350 light-years from Earth — that Webb took in September. The nebula is the nearest stellar nursery to us.Dense clouds of cosmic dust in the nebula obscure star-forming structures from instruments that rely on visible light, like in Hubble's image of the nebula, above to the left. By gathering infrared light, Webb is able to peer through those layers of dust, giving astronomers unprecedented views of the nebula's various components.Astronomers believe nebulae are clouds dominated by vast, tangled, thread-like structures, called filaments, which feed material like gas to form and fuel stars. Webb's images reveal these gaseous threads in great detail.Webb revealed hundreds of stars Hubble couldn't see in the epic Pillars of CreationThe Pillars of Creation, imaged by Hubble in 2014 (left) and JWST in 2022 (right).NASA, ESA, CSA, STScI; Joseph DePasquale (STScI), Anton M. Koekemoer (STScI), Alyssa Pagan (STScI).In October, NASA released a snapshot Webb took of the Pillars of Creation — towering columns of gas and dust where stars are born. The epic stellar nursery is within the vast Eagle Nebula, a cloud of dust and gas 6,500 light-years away.Hubble also imaged the famous nursery in 1995, above to the left. When comparing the two images next to one another, Webb's camera pierces through solid columns of cosmic dust, revealing hundreds of stars that Hubble couldn't see.Webb spied countless galaxies that Hubble missedA side by side collage of the same area taken by the Hubble and the James Webb space telescopes.NASA/STScI; NASA/ESA/CSA/STScIOne of the first images that NASA shared from Webb was a "deep field" image — a long-exposure observation of a region of the sky, which allows the telescope to capture the light of extremely faint, distant objects. The image took less than a day to capture, according to NASA.When unveiling the image in July, NASA Administrator Bill Nelson said that if you held a grain of sand at arm's length, that would represent the speck of universe you see in this image."The deep field image fills me with wonder and hope," Lisa Kaltenegger, professor of astronomy at Cornell University and director of the Carl Sagan Institute, previously told Insider.A side-by-side of Hubble's deep field next to Webb's reveals just how much sharper and stronger the new space observatory is.Webb revealed 2 stars inside this nebula, where Hubble only saw oneHubble's image of the Southern Ring Nebula (left) has just one light at its center, whereas JWST (right) clearly shows two stars.The Hubble Heritage Team (STScI/AURA/NASA); NASA, ESA, CSA, STScIThis is the Southern Ring Nebula, where a dying star is slowly expelling the layers of its atmosphere in successive waves, creating ever-expanding bubbles of colorful gas. Scientists knew there were two stars at the nebula's center, but couldn't see them in Hubble's images.The new Webb picture reveals the dying star, which glows red because it's surrounded by dust, right next to its white companion star.An iconic cluster of 5 galaxies is much brighter and clearer in Webb's eyeThe galaxy cluster Stephan's Quintet, as imaged by Hubble (left) and JWST (right).Hubble SM4 ERO Team/NASA/ESA/CSA/STScIFour of the galaxies in this image of Stephan's Quintet are about 300,000 light-years away, locked in a cosmic dance as each galaxy's gravity influences the others.The Webb image also reveals new galaxies far in the background, which weren't visible to Hubble.Where Hubble saw a faint dot, Webb resolved 2 distinct mystery objectsOne of the lensed images of MACS0647-JD, from the James Webb Space Telescope.SCIENCE: NASA, ESA, CSA, Dan Coe (STScI), Rebecca Larson (UT), Yu-Yang Hsiao (JHU) IMAGE PROCESSING: Alyssa Pagan (STScI)Dan Coe, a researcher with the Space Telescope Science Institute, first discovered this object in deep space about 10 years ago, using Hubble."With Hubble, it was just this pale, red dot. We could tell it was really small, just a tiny galaxy in the first 400 million years of the universe. Now we look with Webb, and we're able to resolve TWO objects," Coe said in an October NASA release.SCIENCE: NASA, ESA, CSA, STScI, and Tiger Hsiao (Johns Hopkins University) IMAGE PROCESSING: Alyssa Pagan (STScI)Both Hubble and Webb study the early universe through gravitational lensing. That's what happens when a cluster of distant galaxies is so massive that it warps space-time, bending the light from galaxies far in the distance behind it. That creates mirror images of those galaxies, reflected back at us.So the imprint of the mystery objects appears in three spots in the images above. Breakouts of those three images of the system, on the right, show how much clearer Webb's images are. They clearly show two different objects."We're actively discussing whether these are two galaxies or two clumps of stars within a galaxy," Coe said in the release. "We don't know, but these are the questions that Webb is designed to help us answer."Read the original article on Business Insider.....»»

Category: worldSource: nytDec 4th, 2022Related News

I visited the flagship stores of Nike and Adidas in NYC to compare the shopping experiences and it was clear which store was more popular

The Nike and Adidas flagship stores stand like sportswear palaces on Fifth Avenue in Manhattan. See what it's like to shop at these massive stores. Sarah Belle Lin/Insider I visited the flagship stores of two of the world's largest athletic brands, Nike and Adidas, to see which shopping experience was better.  Adidas' flagship store was soccer heaven and paid homage to the FIFA World Cup.  Nike's store took me to an otherworldly space and wowed me with its Sneakerlab collection. You don't need to be a sneakerhead to own at least one pair of Adidas or Nike shoes — or maybe one of each — as well as a cache of athletic apparel from both brands. The two multibillion-dollar, multinational corporations have continuously blazed trails and faced challenges as they continue building their respective empires.Nike remains the industry powerhouse, with $46.7 billion in sales in its most recent fiscal year. Adidas reported $21.2 billion in 2021 sales.The companies' Manhattan stores are at the leading edges of their bricks-and-mortar retail strategies and often preview technologies and features that will roll out to other locations.With that in mind I felt it was worth visiting both flagship locations to compare the shopping experience. Follow my trek through these retail palaces. I first stopped by the Adidas flagship store.Adidas flagship store on 565 Fifth Avenue in New York City.Sarah Belle Lin/InsiderThe store is equidistant from Times Square and Grand Central Station. It's on the corner of 46th Street and Fifth Avenue in a bustling neighborhood that drives much of the city's tourism. The store opened in December 2016 and spans 45,000 square feet. The entrance tunnel might bring some visitors back to their high school football days.An Adidas store associate greets customers at the end of a short, glowing tunnel.Sarah Belle Lin/InsiderThe store's design is based on Adidas' "stadium retail concept," which takes inspiration from US high school sports stadiums, Insider previously reported. The Adidas store's tunnel, albeit a little underwhelming, did make me feel like I was about to enter a stadium. The first floor was covered with soccer jerseys for fans planning on cheering on their team at the World Cup.'World Cup Couture' on display.Sarah Belle Lin/InsiderI visited in late October and again in early November, and upon exiting the tunnel, I saw the theme was not football, but soccer, in anticipation of the FIFA World Cup, which kicked off Nov. 20 in Qatar.  Adidas, which is an official FIFA World Cup supplier, had outfitted its first-floor displays and mannequins with soccer jerseys of all stripes and colors. I'd safely assume every team playing for the cup was well-represented inside the Adidas flagship store during my visits.The first floor is where you'll find the most personalized Adidas shopping experience.There are four levels inside the Adidas flagship store.Sarah Belle Lin/InsiderThe Adidas flagship store offers real-time fitness consultations from EXOS trainers, healthy juices and snacks co-created with Brooklyn-based Grass Roots Juicery, a concierge desk, a same-day hotel delivery service, personalized shopping experiences such as the Run Genie gait analysis tool, and more. The customization lab allows walk-ins. Prices range from $10 to $35 depending on the service.There is an area on the first floor for customers to customize their own Adidas apparel.Sarah Belle Lin/InsiderCustomers could customize World Cup national team jerseys or shorts by adding names or numbers for $35.The Adidas customization area is modest in size and approachable.Sarah Belle Lin/InsiderAs someone who enjoys table sports, I loved seeing a foosball table on the first floor.A foosball table awaits players at the flagship store.Sarah Belle Lin/InsiderAn employee told me the foosball table was there for the World Cup.Adidas was having a sale on women's pants at the moment and there were a lot of good deals: $40 tights for $16, and $75 track pants for $53.These mannequins were wearing apparel representing Mexico's national soccer team.Sarah Belle Lin/InsiderIt's fall in New York City and I'm sporting black joggers and sweats everywhere I go. I've always been a fan of the Adidas tracksuit look, and how it's evolved within popular culture in the US: from Run-DMC to the deep-teal tracksuits on Netflix's "Squid Game."  Some of Adidas' shoe collections: NMD_V3, Stan Smith, Superstar, Nizza, and Y-3.Adidas' popular shoe collections on display.Sarah Belle Lin/InsiderIn my opinion, both the Superstar and Stan Smith are classics that will live on.The Adidas Superstar shoe in a display case.Sarah Belle Lin/InsiderIn 2016, the Superstar was the top-selling sneaker in the US in terms of dollar sales, according to The NPD Group. But its popularity diminished. Sales of the Superstars fell by $565 million from 2017 to 2018, Insider reported.Still, I say nothing beats timeless style.I'm not really on board with this whole purposely dirtied look.Forum 84 Low AEC shoesSarah Belle Lin/InsiderAdidas has given its Forum 84 Low AEC shoes a "well-loved look" to reflect a bygone era. I noticed this Adidas shopper wearing Yeezys.Adidas shopper wearing Yeezys.Sarah Belle Lin/InsiderAdidas reportedly is expected to lose $246 million in profit this year after terminating its Yeezy partnership, Insider reported. It's estimated that Yeezy generated $1.7 billion in annual revenues for Adidas — 8% of Adidas' total sales in 2021.  The soccer section was the busiest area on both days that I visited.The soccer section with its jerseys took the most real estate at the flagship store.Sarah Belle Lin/InsiderI saw several people carrying Argentina national team jerseys. The men's section had far more variety, tracksuits, and foot traffic compared with the other floors. I'd almost describe the environment as lively.The women's section had various interpretations of the traditional sweatpants.Purple was a dominant color in some of the displays.Sarah Belle Lin/InsiderThere were birds of paradise designs, pants with crisscross seams on the sides, yoga tracksuit pants, and sky-blue pants with three orange stripes.I saw these Adidas-branded wireless bluetooth earbuds that piqued my interest, but not enough for me to convince me to drop my over-the-ear, noise-canceling headphones.Adidas earbuds.Sarah Belle Lin/InsiderThere were a few clothing options for youth. Many items were marked with the brand's signature three stripes.The youth section at the flagship store.Sarah Belle LinThe youth section carried several different soccer cleats and running-shoe options.Shoes for youth, including options for soccer players and runners.Sarah Belle Lin/InsiderThese were the most fashion-forward shoes I saw at the Adidas store.The Adidas x Ivy Park mule shoes go for $150.Sarah Belle Lin/InsiderGrowing up I didn't associate Adidas with high fashion, but seeing these shoes showed me that the brand is evolving, for better or worse.I thought these "Rick and Morty" soccer cleats had the coolest colors out of all the cleats I saw in the soccer section.The X Speedportal soccer cleats, in partnership with "Rick and Morty."Sarah Belle Lin/InsiderKnowing that "Rick and Morty" is such a popular show across the world, I think these collaborations are a smart idea for Adidas.The bleachers, with a statue of Adidas founder Adolf Dassler, were cool and unexpected.The interior design was built to match a high school stadium.Sarah Belle Lin/InsiderThere are also elevators on each floor for customers who have mobility challenges or prefer to skip the extra steps.The all-black ensemble has grown on me, so I liked the vision of Adidas' newest clothing release.Adidas Y-3 is the company's latest collection.Sarah Belle Lin/InsiderI thought this was the most innovative pair of shoes I saw at Adidas. Would I wear it? Probably not.The Human Made x NMD cheetah-print shoes from the Pharrell Williams x Adidas collection.Sarah Belle Lin/InsiderI thought that the golf section was hidden towards the back of the third floor and harder to spot from the main walking area. It could have been better lit, as well.The golf section was small and towards the store's corner.Sarah Belle Lin/InsiderThe checkout section had grab-and-go items including sliders and socks.The checkout area.Sarah Belle Lin/InsiderI think it's great that Adidas invites customers to round up their total costs to support charities like the Boys & Girls Clubs.Customers can round up their total to donate to the Boys & Girls Club.Sarah Belle Lin/InsiderAfter my Adidas visit, I walked up five blocks to 650 Fifth, where Nike's flagship House of Innovation occupies most of the block.The Nike flagship store at 650 Fifth Avenue in New York City.Sarah Belle Lin/InsiderNike's flagship store has two more floors than the Adidas store. It occupies 68,000 square feet of prime real estate on Manhattan's famed Fifth Avenue.I visited the Nike flagship store twice: once in the morning and again in the late afternoon.A very busy Nike flagship store entrance.Sarah Belle Lin/InsiderAt 4:30 p.m. the store was almost overflowing with people going in and out.Nike also had an archway. This one transported shoppers to an out-of-this-world dimension.Nike entrance archway leading to the first floor.Sarah Belle Lin/InsiderWhile Adidas had a founder's statue to commemorate its history, Nike placed tons of mementos within the entranceway.Nike history was captured in memorabilia items within the archway walls.Sarah Belle Lin/InsiderThe display features Nike cofounders Bill Bowerman and Phil Knight, and honors the legacies of female athletes like world-famous runners Jacqueline Hansen and Joan Benoit. I liked seeing the mishmash of Nike artifacts, but think they could have been strategically placed elsewhere in the store. Because they're located at the entrance, you can't really stop for too long without potentially disrupting traffic flow.Staff were more approachable and greeted people. Music was a big part of the experience, playing at a much louder volume than in Adidas.Nike associates and shoe displays greet customers at the store's entrance.Sarah Belle Lin/InsiderOnce I made it into the first floor of the Nike flagship, I realized that space was a huge theme.Seeing this Nike display, I felt transported to the inside of a spaceship.Sarah Belle Lin/InsiderShoe models were incorporated into futuristic displays that looked like they could belong on the surface of Mars. I felt like this theme could be enjoyed by all athletes, as opposed to Adidas' soccer setup.There was a small booth on the first floor to make purchases, and two employees checking customers out.The checkout area on the first floor was small relative to the size of the store.Sarah Belle Lin/InsiderIt seemed like a small area relative to the rest of the store, and I wondered if bottleneck situations are common at this checkout point.There are free Essex Squeeze drinks for Nike members.Nike's House of Innovation for performance running shoes.Sarah Belle Lin/InsiderIt seems like Adidas and Nike are going head to head with their apparel, with Nike also offering New York City-branded clothing, but with what I felt like are bolder designs.The flagship store has six levels for customers to explore, and on both visits, sometimes it felt like I was competing for roaming space with throngs of visitors.There are six levels in the Nike flagship store.Sarah Belle Lin/InsiderMany of the visitors were international tourists. I most often heard French and Spanish being spoken at the store.I found out that there were self-checkout kiosks located on each floor, which I guess helps ease the flow of traffic. However, these kiosks are only for people who have the Nike app.There is a self-checkout kiosk for Nike app users on the second floor.Sarah Belle Lin/InsiderNike has far more sports bra selections and they are displayed in a more spread-out fashion, really utilizing the space.Sports bras are arranged by size and support level.Sarah Belle Lin/InsiderThe sports bras seemed to be made with better materials, and were pricier than the Adidas sports bras.Nike had its own tech display, featuring the Apple Watch Nike.Nike flexes its partnership with Apple Watch in the women's section.Sarah Belle Lin/InsiderThese watches are aesthetically different from other Apple Watches, with unique bands and watch faces. I thought it was interesting that the watches were placed on the second floor in the women's section and wondered if they were trying to target women.Similar to the Nike-wearing customer at the Adidas flagship, I saw a Nike shopper wearing Adidas apparel, reaffirming my belief that both brands are held up almost equally in public perception.A shopper wears an Adidas backpack in the Nike flagship store.Sarah Belle Lin/InsiderThe men's apparel section on the third floor wasn't heavily frequented, so I continued to follow the crowds as they meandered up the stairs.The men's section is on the third floor of the flagship store.Sarah Belle Lin/InsiderI did notice that black and neon green were common color schemes for men's apparel.I knew I'd reached the hot spot once I hit the fourth floor and Nike's Sneakerlab, holding the largest assortment of Nike shoes in the world.Nike's Sneakerlab is on the fourth floor of the flagship store.Sarah Belle Lin/InsiderThe music seemed more deafening here, and the chatter was at its loudest in the store on my visit so far.The Sneakerlab was the busiest part of the flagship store.One of the pickup areas at the Nike Sneakerlab.Sarah Belle Lin/InsiderThe bright-white light really brought out the displays and kept my energy level up. There were shoppers waiting around for their shoes, while others were checking out the displayed models. It looked like a museum.I spent the most time examining the Nike Air Maxes and VaporMaxes, which I felt like were the boldest and most inventive.There was a dizzying array of Nike Air shoes – from the VaporMax Plus to the Air Max 1.Sarah Belle Lin/InsiderI found the Nike Air Force 1 section, which was almost blindingly white, the signature color for Air Force 1s. Each shoe boasted ample display space and each Sneakerlab area felt like an exhibit.The Nike Air Force 1 shoe section.Sarah Belle Lin/InsiderI passed through a section with mirrored walls and an animated display featuring sneakers that were soon to be released.This Nike mirror offers a sneak peek of sneakers coming down the line.Sarah Belle Lin/InsiderIt was one of my favorite parts of the Sneakerlab because of its ingenuity and innovation. I thought it was a great way to engage with customers.I made an effort to glance down at customers' shoes while walking around and wasn't surprised to see many people wearing Nikes. But I also saw Adidas, Reebok, Vans, and Pumas.Nike-wearing customers don't seem to get enough of Nike.Sarah Belle Lin/InsiderWhile Adidas had its slips hung up next to the checkout counter, Nike's slips had their own displays just like the sneakers.Nike's sliders and slip-ons had their own spot in the Sneakerlab.Sarah Belle Lin/InsiderNike's customization lab has its own floor and is only available for NikePlus members.The top floor is the spot to get your Nike products customized.Sarah Belle Lin/InsiderThe lab takes same-day appointments for 30-minute time slots, but you have to schedule in-person on the 5th floor. The costs run from $3 for small graphics, to $7 for medium, and $8 for large. On both of my visits, the fifth floor had only a few people mingling about the customization lab. I wonder if it's by virtue of the appointment system the store has set up.The top floor was less frequented and swathed with Nike basic essentials.Sarah Belle Lin/InsiderI still enjoyed checking out what amenities were offered for NikePlus members.I passed by these fitting rooms, which I thought elevated the shopping experience. The fitting rooms on this floor look like futuristic space yurts.Fitting rooms on the fifth floor of the flagship.Sarah Belle Lin/InsiderThe Nike By You bar came with different designs people could use to customize outfits.Nike customers looking to get a little creative with their clothes.Sarah Belle Lin/InsiderBoth times I visited, there were people in the middle of their projects and designing sweatshirts with small graphics. In a city like New York, customized items are all the buzz. I saw a sweater for $130 and a t-shirt for $61.Examples of customized sweatshirts and Air Force 1s.Sarah Belle Lin/InsiderThe stairs to the kids section were tucked at the back of the first floor, which took me some time to find. It actually felt out of the way.The kids section is on the basement level.Sarah Belle Lin/InsiderYouth had an entire floor to explore – plenty of clothing and shoes to mix and match. There were many more options for children than what Adidas offered at its flagship store.There were several racks of clothing on the kids floor.Sarah Belle Lin/InsiderI got a real kick out of seeing this wall of preschool and toddler shoes.Teeny-tiny 1s and Js for preschoolers and toddlers.Sarah Belle Lin/InsiderThe integrity of the AF1s, Js, and Dunks were preserved in these teeny-size versions.After my visits, I could easily see how distinct the store experiences were between Adidas and Nike.Customers can do returns and exchanges on the kids floor.Sarah Belle Lin/InsiderThe interior designs, for one, were vastly different: Adidas went for stadium appeal — clearly catering to its soccer fans — while Nike went for multidimensional outer-space vibes.As for retail offerings, I felt like I could go to Adidas for fitness wear and Nike for their street style and shoes.Read the original article on Business Insider.....»»

Category: smallbizSource: nytDec 4th, 2022Related News

The Supreme Court will hear Biden"s student-loan forgiveness case in February. Here"s what that means for millions of borrowers waiting for relief.

Student-debt cancellation remains blocked, but the Supreme Court agreed to take up the case early next year. Here's what that means for borrowers. The Supreme Court Building in Washington, DC.AP Photo/Patrick Semansky The Supreme Court agreed to hear oral arguments on Biden's student-debt relief in February. Still, student-loan forgiveness will stay blocked as the legal battles play out. Borrowers remain in limbo on relief, but did receive another extension of the payment pause. There's good news and bad news up ahead for student-loan borrowers.The good news is that President Joe Biden's debt relief isn't dead in the water — the Supreme Court agreed to hear arguments to the case early next year. In the meantime, payments won't resume on January 1 as previously planned.The bad news is that until then, loan forgiveness will remain blocked.In November, two conservative-backed lawsuits succeeded in halting the implementation of Biden's plan to forgive up to $20,000 in student debt for federal borrowers making under $125,000 a year. On November 14, the 8th Circuit Court of Appeals ruled that the temporary pause it placed on the debt relief would remain in place indefinitely, favoring the six Republican-led states who filed a lawsuit that argued relief would hurt their states' tax revenues.A separate decision from a federal court in Texas also blocked Biden's debt relief on November 10, and the 5th Circuit Court of Appeals on Wednesday rejected the Biden administration's request to pause that ruling and allow the relief to move forward.However, following the 8th Circuit's ruling, Biden's administration took matters to the Supreme Court and asked it to revive student-loan forgiveness as the legal proceedings play out. On Thursday, the nation's highest court responded: It will not allow the relief to progress right now, but it will hear oral arguments to the case in February."We welcome the Supreme Court's decision to hear the case on our student debt relief plan for middle and working class borrowers this February," White House Press Secretary Karine Jean-Pierre said in a Thursday statement."This program is necessary to help over 40 million eligible Americans struggling under the burden of student loan debt recover from the pandemic and move forward with their lives," she continued. "The program is also legal, supported by careful analysis from administration lawyers.  President Biden will keep fighting against efforts to rob middle class families of the relief they need and deserve."What comes next for student-loan borrowersSince October, student-loan forgiveness has been on pause. While the Education Department has recently started notifying some of the 26 million borrowers who already applied for relief that they had been approved, student-loan servicers have been blocked from actually discharging any student loans. Borrowers who have not yet submitted applications currently do not have the option to apply.In response to the legal challenges, Biden extended the pause on student-loan payments until June 30, 2023, or until the lawsuits are resolved, whichever comes first. This means federal borrowers do not have to worry about restarting payments after December 31, when they were previously scheduled to resume.In the meantime, all eyes are on the Supreme Court. According to its decision, it will hear oral arguments in February and will address two questions to the case: Whether the Republican-led states that filed the lawsuit have standing, and whether Biden's plan to cancel student debt exceeds the Education Secretary's authority or is "arbitrary and capricious."While the Supreme Court has just responded to the 8th Circuit decision, Biden's administration also asked the Court to intervene in the 5th Circuit decision that blocked the relief on Friday evening, so it's possible both cases will be combined.The issue of standing has long been the focus of not only this specific lawsuit, but the other conservative lawsuits that have sought to block debt relief. But as Politico noted, this would be the first time a court is examining whether Biden's debt relief is arbitrary, in which the loan forgiveness would be found to not be in accordance with the law and demonstrates an "abuse of discretion," per the Administrative Procedures Act.Republican lawmakers have continued to argue that Biden is overstepping authority granted under the HEROES Act of 2003, which is the law the Education Secretary is using to cancel student debt. But some advocates and experts have recently expressed support of that authority through a series of amicus curiae briefs, and the administration has not publicly suggested concerns with the legal route it chose to take."Our student debt relief program is necessary to help 40M eligible Americans struggling under the burden of student loan debt recover from the pandemic," Education Secretary Miguel Cardona wrote on Twitter. "That's 40M borrowers who chased the American dream through higher education. I look forward to SCOTUS hearing our case."Read the original article on Business Insider.....»»

Category: smallbizSource: nytDec 4th, 2022Related News

Congress is about to get a little bit younger, with lawmakers" median age dropping by two-and-a-half years

However, assuming current membership holds, Congress would have 137 members over the age of 70 on December 1, 2024, a new record. Rep. Hakeem Jeffries, right, a 52-year-old Democrat from New York, will succeed House Speaker Nancy Pelosi, left, an 82-year-old Democrat from California, as their party's leader in the US House come January 2023.Tom Williams/CQ-Roll Call, Inc via Getty Images On January 2, the median member of Congress will be 61.7 years old. On January 3, when the 118th Congress takes over, the median member will be 59.2 years old. The new Congress will have 107 septuagenarians, down from 128 members. The current Congress is the oldest in the history of the United States — the result of a combination of factors favoring incumbents, protecting seniority, and stripping younger generations of proportional representation.But on January 3, that will change — at least a bit. The incoming Congress is poised to be considerably younger than the outgoing one, thanks in part to significant shifts in the composition of Congress. This includes a once-a-decade redistricting cycle, some notable retirements, and a few lawmaker deaths. A competitive internecine primary cycle and a number of flipped seats for each party contributed, too.Indeed, on the last day of the current 117th Congress, the median member will be 61.7 years of age, the oldest on record. At noon on January 3, when the new 118th Congress takes over, the median member will be 59.2 years old, a 2.5 year decrease in a matter of minutes, according to an Insider analysis of congressional age data.!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r.....»»

Category: smallbizSource: nytDec 4th, 2022Related News

Not Even N95 Masks Work To Stop Covid

Not Even N95 Masks Work To Stop Covid Authored by Ian Miller via the Brownstone Institute, “The Experts™” have repeatedly tried to deflect from the failure of their policies with misdirection. The reason lockdowns didn’t work in the United States or the United Kingdom is because they weren’t strict enough, according to many in the expert community. Of course, their excuses have been conveniently ignored as China’s repressive zero COVID lockdowns have continued, with horrific consequences. Now that mass protests have broken out in the country that “The Experts™” revered for their COVID handling, there’s a massive effort to disregard their own previous advocacy. This is perhaps best exemplified by Canadian Prime Minister Justin Trudeau, who clearly used authoritarian measures to suppress the protests in his own country, while now supporting Chinese demonstrations. pic.twitter.com/FiFoIJJxqy — Defiant L’s (@DefiantLs) November 30, 2022 The bewildering lack of awareness of their own hypocrisy seems to be a feature of COVID-obsessed politicians and public health authorities. Another similar, oft-repeated assertion is that the failure of universal masking can be explained by the type of masks being used by the public. Even though the CDC and Dr. Fauci explicitly claimed that wearing anything to cover your face would be effective at preventing transmission, many have now quietly dismissed that messaging. Fauci specifically said that “cloth coverings work,” not just surgical or N95s. Former Surgeon General Jerome Adams famously suggested that rolling up a t-shirt in front of your face would be effective protection. Yet public health departments and the media are now highlighting the importance of “high quality,” “well-fitted” masks.  Their desperation to justify masking has led to remarkably poor studies being released to support their anti-science messaging. There is new research that has been released showing that masks are ineffective, regardless of type. And it’s not just new research, it’s high quality research. Finally, Another RCT on Mask Wearing The Annals of Internal Medicine just published a randomized controlled trial comparing the ability of medical masks to prevent COVID infection to fit-tested N95s. Importantly, this trial was conducted on healthcare workers who would be most likely to use masks appropriately. To determine whether medical masks are noninferior to N95 respirators to prevent COVID-19 in health care workers providing routine care. That trial design was also important as it was meant to determine whether or not N95 respirators were superior to “regular” surgical masks. They examined 29 different health care facilities on multiple continents, from North America to Asia and Africa. The percentage of healthcare workers testing positive for COVID in each group was tracked to determine how effective or ineffective higher-quality masking was in preventing infection. Unsurprisingly, the results confirmed that there is essentially zero difference between surgical or N95 respirators when it comes to tests results. In the intention-to-treat analysis, RT-PCR–confirmed COVID-19 occurred in 52 of 497 (10.46%) participants in the medical mask group versus 47 of 507 (9.27%) in the N95 respirator group (hazard ratio [HR], 1.14 [95% CI, 0.77 to 1.69]). An unplanned subgroup analysis by country found that in the medical mask group versus the N95 respirator group RT-PCR–confirmed COVID-19 occurred in 8 of 131 (6.11%) versus 3 of 135 (2.22%) in Canada (HR, 2.83 [CI, 0.75 to 10.72]), 6 of 17 (35.29%) versus 4 of 17 (23.53%) in Israel (HR, 1.54 [CI, 0.43 to 5.49]), 3 of 92 (3.26%) versus 2 of 94 (2.13%) in Pakistan (HR, 1.50 [CI, 0.25 to 8.98]), and 35 of 257 (13.62%) versus 38 of 261 (14.56%) in Egypt (HR, 0.95 [CI, 0.60 to 1.50]). There were 47 (10.8%) adverse events related to the intervention reported in the medical mask group and 59 (13.6%) in the N95 respirator group. 52 of 497 participants who wore medical masks got COVID-19, and 47 of 507 in the N95 group got COVID-19.  No matter how “high quality” your mask is, it’s entirely irrelevant. The researchers also took pains to ensure that the control and treatment groups shared as many similarities as possible. They excluded workers who could not pass a fit test, had laboratory-confirmed COVID, or “had received 1 or more doses of a COVID-19 vaccine with greater than 50% efficacy for the circulating strain.” Yet none of that mattered; there was no difference in outcomes between the medical and N95 level masks. The N95s in use were even specifically fit tested and approved respirators, far from the KN95s commonly used by the general public. “Health care workers randomly assigned to the N95 respirator group were instructed to use a fit-tested National Institute for Occupational Safety and Health–approved N95 respirator when providing routine care to patients with COVID-19 or suspected COVID-19.” It didn’t matter. Even more importantly, these disappointing results were from facilities with universal masking policies in place. Everyone, in each health care facility, “for all activities,” was required to wear masks.  The intervention included universal masking, which was the policy implemented at each site. This refers to the use of a mask when in the health care facility for all activities, whether patient related or not, including in workrooms, meetings, and treating persons that were not suspected or known to be positive for COVID-19. It still didn’t work. They even tracked potential exposure points, whether at home, in the community or in hospital exposures. There was no difference. What’s even more impressive about the futility of masking is that outside of Egypt, the observed results occurred before the more contagious Omicron variant emerged. There were substantial differences in results between countries, which indicates the impact of N95s might have been further muted had it covered the Omicron period. Canada, which was observed pre-Omicron, showed the biggest “benefit” to N95s, while post-Omicron Egypt was nearly identical.  It’s possible that the mild difference in Canada could have been erased entirely if subjected to the Omicron era. On top of being functionally useless, N95s were substantially more likely to result in adverse effects. According to the results page, there were significantly more reported issues in the respirator group: “There were 47 (10.8%) adverse events related to the intervention reported in the medical mask group and 59 (13.6%) in the N95 respirator group.” This becomes even more noteworthy since compliance with respirator masking was lower. “Adherence with the assigned medical mask or N95 respirator was self-reported as “always” in 91.2% in the medical mask group versus 80.7% in the N95 respirator group and as “always” or “sometimes” in 97.7% in the medical mask group versus 94.4% in the N95 respirator group.” While still extremely high, health care workers “always” wore N95s 80.7% of the time instead of 91.2% for medical masks. This is one of the many issues the “experts” now pushing for (now disproven) “higher-quality” masking should address. Health care professionals who are trained to use N95s can’t always use them yet experience higher rates of adverse effects. Imagine how much worse compliance would be among the general public, especially if 13% are suffering significant side effects. Results Show Expert Incompetence This is yet another randomized controlled trial to show that masks do not work. It also confirms the DANMASK study conducted earlier in the pandemic, which proved there was no benefit from masking in COVID prevention. Even the Bangladeshi study, comparing villages, showed there was no benefit to masking at a population level. They used statistical misdirection and purposeful p-hacking to try and generate a positive result, and still could only get to a ~10% reduction for those over 50. No matter the quality, no matter the compliance, masks are entirely ineffective at preventing transmission or infection. The participants in this examination lived and worked in environments where universal masking was a requirement. It didn’t matter. This also examined health care workers, who, in theory, would be using and disposing of medical or N95 level masks properly.  There was no difference.  Now imagine how much worse the results would look for mask fanatics if it examined the Fauci-approved cloth coverings.  If “The Experts™” actually cared about following “the science,” or “the evidence,” this would once again be the nail in the coffin for masking. More like the 40th nail in the coffin. We have observational evidence through population-level comparisons that masks do not prevent the spread of COVID. We also now have multiple randomized controlled trials confirming that masks do not prevent the spread of COVID. And we have extremely well done comparisons of neighboring jurisdictions confirming it. All the mask fanatics have is politically motivated wishful thinking, desperate advocacy from disproven CDC “studies,” and a commitment to avoiding reality. Fauci and his health authority allies have lied to the public repeatedly about masking. The obsession with credentialism and appeals to authority within the media has resulted in tremendous, unjustified harm. You’d hope that results like these would finally end their ridiculous posturing, but it’s abundantly clear they’re too dug in to ever relent. But thankfully those paying attention now have even more ammunition in the fight for the inarguable scientific reality that masks do not work. Tyler Durden Sat, 12/03/2022 - 22:30.....»»

Category: blogSource: zerohedgeDec 4th, 2022Related News

The Ultimate List Of The Best Cryptocurrency Websites

You might be new to the world of cryptocurrency, but that doesn’t mean you can’t get involved. There are dozens of different kinds of virtual coins out there, and each one has its own unique value proposition. Some coins serve as payment methods for specific vendor transactions, while others function more like tokens that give […] You might be new to the world of cryptocurrency, but that doesn’t mean you can’t get involved. There are dozens of different kinds of virtual coins out there, and each one has its own unique value proposition. Some coins serve as payment methods for specific vendor transactions, while others function more like tokens that give their holders a stake in the future success of an organization. There are thousands of different websites about cryptocurrency and its subcultures. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   They deal with everything from mining to blockchain technology, from trading to investing. So here we list the top 50 best cryptocurrency websites. These sites provide useful information about crypto coins and ICOs as well as news, technical analysis and general advice for all types of users who want to stay ahead of the curve when it comes to this exciting new field. What Is Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is neither issued by any government nor controlled by any institution. Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies have been created. These are frequently called altcoins, as a blend of alternative coin. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control is related to the use of Bitcoin’s blockchain transaction database instead of a conventional ledger. The blockchain is a distributed database that is used to record transactions and verify the creation and transfer of coins. This is where the term “cryptocurrency” originates. Cryptocurrency is a digital asset that can be traded or used as a means to transfer money between two or more parties. Blockchain Technology A blockchain is a decentralized, distributed ledger that is used to record transactions across many computers. The “chain” in blockchain refers to a sequential ordering of items in a database. The “decentralized” part refers to the fact that there is no central computer hosting the ledger. Instead, the ledger exists across thousands (or more!) of different computers. A blockchain is essentially a record-keeping system that allows parties who don’t trust each other to engage in transactions. In a blockchain system, each party maintains their own private copy of the ledger, and they all agree that if any one copy is altered, the others will see the change. Bitcoin-Related Websites Bitcoin.org - This is the most popular information source on cryptocurrencies and mining. Investopedia - This website has a ton of information on cryptocurrencies and blockchain technology. Coinbase - This is one of the most popular cryptocurrency exchanges and wallet providers. Brave New Coin - This is a website that provides a detailed overview of all the major cryptocurrencies. Bitcoin Magazine - This website is devoted to everything Bitcoin. Bitcoin Forum - This is the most popular forum for Bitcoin enthusiasts. Bitcoin Price - This is one of the most reliable sources for the current price of Bitcoin. Ethereum.org - This is the most popular information source on all aspects of Ethereum. Ether And Ethereum-Based Tokens Ether - This is the native cryptocurrency of the Ethereum blockchain. Ethereum - This is the most popular blockchain-based token network. Ripple - This is a decentralized network that facilitates inter-bank transactions. Steem - This is a blockchain-based social media platform. Lisk - This is a decentralized application platform. Iota - This is a distributed ledger for the Internet of Things industry. Dash - This is a decentralized autonomous organization. Sia - This is a decentralized cloud data storage system. Ripple And XRP Ripple - This is a blockchain-based payment network. XRP - This is the most popular digital token associated with the Ripple blockchain. Ripple Labs - This is the parent company responsible for the development of the Ripple network. XRP.com - This website provides all the latest news and updates related to the XRP token. Ripple.com - This website provides information on the Ripple network, including its history and future goals. Xrp Chat - This is one of the most popular online discussion forums about XRP. Litecoin Litecoin - This is a decentralized peer-to-peer cryptocurrency. Litecoin.com - This website provides information on the various aspects of this virtual token. Litecoin Foundation - This is the central governing body of the Litecoin network. Litecoin Association - This is a non-profit organization that promotes the use of Litecoin. Litecoin Forum - This is one of the most popular online discussion forums about Litecoin. Dash And Darkcoin Dash - This is a decentralized autonomous organization. Darkcoin - This is a decentralized peer-to-peer cryptocurrency. Dash.org - This website provides all the latest news and updates related to the Dash blockchain. Darkcoin.com - This website provides information on the Darkcoin blockchain, including its history and future goals. Darkcoin Talk - This is one of the most popular online discussion forums about Darkcoin. Storing Your Coins Safely There are many options for storing your coins safely. You can keep them in exchange the tesler, but this is not recommended since you don’t control your private keys. Alternatively, you can store them in a hardware wallet, paper wallet, or a software wallet. You should also consider keeping some coins in a paper wallet, since hardware and software wallets are hackable. For example, the hardware wallet Ledger Nano S is a hardware wallet that stores your coins offline in a secure environment. The software wallet MyEtherWallet is an open-source wallet that is secure as long as you don’t click on suspicious links or download shady software......»»

Category: blogSource: valuewalkDec 4th, 2022Related News

Russia Quietly Amasses "Shadow Fleet" Of Tankers To Sidestep Western Restrictions

Russia Quietly Amasses 'Shadow Fleet' Of Tankers To Sidestep Western Restrictions In an effort to dull the effect of international restrictions on its oil sales, Russia has discretely assembled a "shadow fleet" of more than 100 tankers, according to shipping brokers and industry analysts who spoke to the Financial Times.  The largely anonymous tanker purchases can be tracked by the big increase in unnamed or new buyers appearing in registries. The vessels are generally 12-15 years old and would be expected to be scrapped in the next few years, said Anoop Singh, head of tanker research at Braemar. -- Financial Times “We’ve seen quite a number of sales to unnamed buyers in recent months, and a few weeks after the sale many of these tankers pop up in Russia to take their first load of crude,” Craig Kennedy at Harvard's Davis Center for Russian and Eurasian Studies told the Times.  The Russian-flagged oil/chemical tanker Andrey Pervozvanniy (via Marine Traffic) The report comes as new Ukraine War-inspired Russian oil restrictions are poised to take effect. On Monday, a long-planned EU ban on seaborne oil imports from Russia will take effect. In mid-February, the import ban will extend to refined Russian products.  This week, the G-7 (Canada, France, Germany, Italy, Japan, the U.K. and the U.S.) and the EU agreed to cap the price of Russian crude oil at $60 a barrel. The cap will be subject to adjustments every two months, starting in mid-January. Of course, since the EU won't be importing Russian oil starting on Monday, the scheme targets Russia's global oil trade, which relies heavily on Western companies. In March, a Greenpeace Denmark demonstrator prepares to try thwarting the transfer of Russian oil between two tankers (via Greenpeace) Specifically, the price cap will bar Western businesses from insuring, financing or shipping Russian oil unless the price is at or under the cap. In this context, one particularly noteworthy Western company is maritime insurer Lloyd's of London.  Russia has said it won't do business with any countries that enforce the price cap. "We have no interest in what the price cap will be. We will reach direct agreements with our partners. The partners working with us will disregard these caps and will give no guarantees to those who impose such caps illegally," said Russian Foreign Minister Sergey Lavrov at a Dec.1 press conference. With its growing fleet of aging, bargain-bin tankers, Russia is looking to bolster its exports to China, India, Turkey and other countries that have greatly boosted their purchases of Russian oil as other countries reduce them.   According to Braemar's analysis, Russian operators appear to have acquired: 29 very large crude carriers (VLCCs), which can haul more than 2 million barrels apiece 31 Suezmax-sized tankers, which carry about 1 million barrels 49 Aframax tankers, with 700,000-barrel capacities   Russia's tanker-buying spree probably isn't over. “Russia needs more than 240 tankers to keep its current exports flowing,” Rystad analyst Viktor Kurilov told the Times.  Tyler Durden Sat, 12/03/2022 - 09:55.....»»

Category: blogSource: zerohedgeDec 3rd, 2022Related News

Europe Shows A Clear Link Between Immigration And Crime

Europe Shows A Clear Link Between Immigration And Crime Authored by John R. Lott Jr. & James Varney via RealClear Wire, Violent crime is becoming common in Sweden, shocking residents of the famously placid Scandinavian nation, where horrific acts of violence have become “all too familiar,” according to Common Sense Media, part of a Swedish nonprofit organization.    Since 2018, Swedish authorities have recorded an estimated 500 bombings, while what they describe as gang shootings have become increasingly common. The country reported a record 124 homicides in 2020 and many residents were shocked in April when violent riots injured more than 100 police officers.   But Sweden’s crime spike is not an anomaly in Europe, as homicides have risen during the last decade across the European Union, from Hungary and Germany to Denmark and Finland. An analysis of EU and United Nations crime data by RealClearInvestigations shows that, as in Sweden, the broader crime wave is strongly correlated with immigration.  “The country-level data for EU countries keeps track of immigration data that allows you to look at many different places over time in a way that we simply aren’t able to do looking across U.S. states,” said Carl Moody, an economics professor at William & Mary College who specializes in criminology.  Criminal justice experts say that the precision offered by European data may provide guideposts to the United States as it grapples with a host of pathologies ranging from rising violent crime and mass shootings to social disruptions from the coronavirus pandemic. Europe’s experience suggests one avenue of inquiry for policy makers and criminal justice experts is crime directly tied to immigration and drug-trafficking across the porous U.S.-Mexico border.   Currently, however, crime statistics in the U.S. generally do not allow researchers to make definitive conclusions on how much illegal immigrants may have influenced the rise in violent crime. Because of the political sensitivity of the question, almost no state officials keep track of the immigration status of prisoners in their jails.  Over the 10 years from 2012 to 2021, about 41 million people immigrated to the European Union, and of those about 3.8 million, over 9%, are estimated to have done so illegally. Sweden's largely legal influx of newcomers averaged nearly 130,000 a year from 2012 to 2019, before the country began curtailing immigration in 2020.  Former Swedish Prime Minister Magdalena Andersson has said the country’s growing problems of gangs and violence are due to its failure to integrate foreign-born residents, whose numbers have doubled during the last two decades to about two million people (or almost 20% of the total population). Sweden’s intelligence chief, Linda H. Staaf, told the BBC in 2019 that many of the perpetrators of crime share a similar profile. "They have grown up in Sweden and they are from socio-economically weak groups, socio-economically weak areas, and many are perhaps second- or third-generation immigrants," she said.  RCI collected homicide data for the European Union from the United Nations Office on Drugs and Crime for 11 years, from 2010 to 2020, and compared it to rising percentages of each country’s foreign-born population. Even after accounting for variations among countries, the data show that each one percentage point increase in immigrant population is associated with a 3.6 percent increase in the homicide rate.   “These results are consistent with other studies in various European countries showing that immigrants – as a group – commit crime at higher rates than the native-born population,” said Tino Sanandaji of the Institute for Economic and Business History Research in Sweden.  Despite the European Union’s population being over one-third larger than America’s, the estimated 3.8 million illegal entrants over 10 years is less than the estimated 5 million illegal immigrants who have entered the United States since President Biden took office less than two years ago.   Homicides across the EU rose by about 8% between 2019 and 2020, with Germany and Hungary experiencing 25% increases. Sweden’s rose by 11%. Rising crime emerged as a key political issue there and elsewhere, contributing to September victories in Sweden and Italy by more conservative parties that made crime a key plank in their platforms.  It remains true that the vast majority of foreign-born residents and their children are not engaged in crime, but the evidence shows many of the victims of crime are also newcomers. In some instances, they have been victimized by native-born residents who resent their presence, and criminologists say this backlash should be classified as immigration-related crime. The violent riots that occurred across Sweden in April, for example, occurred after a Swedish-Danish anti-Islamist and his followers burned the Koran at a rally.  Rising murder rates in Europe are dwarfed by those in the United States, where cities such as Philadelphia, Chicago, St. Louis, and Los Angeles record hundreds of homicides every year. Homicides in the U.S. are also much more highly concentrated in tiny areas compared with Europe, with over half of U.S. murders occurring in just 2% of its counties. But Europe has long had much higher overall violent crime rates than the U.S.   European media reports and government spokespeople are often circumspect about the problem. They repeatedly attribute much of the crime to "gangs," the membership of which is rarely spelled out, and “gun violence” among unlabeled perpetrators.    Until recently, Sweden’s Crime Prevention Agency had not offered a comprehensive look at the issue since 2005. In October, however, the agency acknowledged that Sweden ranks “very high” in homicides when compared with other European nations, with a murder rate of 4 per million as opposed to the continent’s 1.6 per million.   In 2020, Swedish sociology professor Göran Adamson published a crime study showing an unmistakable link to immigration. It concluded that from 2002 to 2017, 58% of criminal suspects in Sweden were immigrants. That figure rose for murder, attempted murder, and manslaughter, where immigrants were identified as suspects in 73% of the cases, and robberies, in which immigrants were suspects in 70% of the cases.  Adamson told RCI that while members of some immigrant groups, such as Vietnamese, were less prone to commit crimes compared with native Swedes, others such as those from the Middle East and Africa – regions that account for most of the immigration to Sweden – were much more likely to do so. Overall, Adamson’s study concluded that Sweden’s murder rate had quadrupled due to immigration. Consequently, he said, he found RCI's statistical analysis to be “believable.”  Researchers in Denmark reached similar conclusions about immigration and crime. An index shows that crime in 2020 was 51% higher among male immigrants and 149% higher among male offspring with a non-Western background than among the entire male population.   In Norway and Finland, too, higher incidence of crime is also found in immigrant populations, according to recent research. Similar data on the citizenship status of people arrested or in jail is rarely collected in the U.S. One state where data is collected, Texas, shows that illegal aliens are convicted of homicide 32% more frequently than the rest of the Texas population. The rate for sexual assault is 91% higher.   Shootings in Sweden have begun to spill out from Stockholm into smaller cities and towns, although, as in the U.S., they tend to be concentrated in certain neighborhoods. In that sense, immigrants are most often the victims as well as the perpetrators of much of the growing violence.  “Over the last decades those who commit crimes are increasingly clustered both geographically and socially,” Adamson’s study found. “The risk of ending up a crime victim is getting more and more unevenly distributed.”  Such findings have percolated through Scandinavian political debates, with candidates on the right making rising crime a centerpiece of their 2022 campaigns. On the progressive left, critics tend to dismiss such statistical studies as “racist." Swedish officials have sought to deflect attention from the findings, with the Foreign Ministry pointing out in September that most immigrants are not criminals. Yet at the same time they insisted immigrants were not responsible for surging crime reports, they acknowledged non-native born people were suspected of crimes at a rate 2.5 times higher than native-born Swedes.    Voters have reacted accordingly. Until this year, the Social Democratic Party had dominated politics in Sweden, ruling for almost a half a century, from 1932 to 1976, and holding power again from 2014 to 2022.  But it was toppled in September, when voters elected a right-of-center coalition made up of the right-wing Sweden Democrats and other right-of-center parties. Ulf Kristersson, the leader of the Moderate Party, was named prime minister on October 17.  In his study, Adamson urged Swedes to take a clear-eyed approach to what is happening, arguing that viewing things through a politically sensitive, multicultural lens clouds the picture and undermines policy approaches that could address the problem.  “Social democratic views of the 1960s are now considered far right-wing – a psychological trauma as if straight out of an Ingmar Bergman movie,” Adamson wrote, adding that “anti-intellectualism has defined Swedish migration discourse for decades.” Tyler Durden Sat, 12/03/2022 - 07:00.....»»

Category: blogSource: zerohedgeDec 3rd, 2022Related News

U.S. Unemployment Remains at 3.7%

The U.S. added 263,000 jobs in November, and the unemployment rate remains at 3.7%, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics. The analysis found that the amount of jobs added in November is roughly in line with average growth over the prior three months (+282,000). Also, monthly job… The post U.S. Unemployment Remains at 3.7% appeared first on RISMedia......»»

Category: realestateSource: rismediaDec 3rd, 2022Related News