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ASE obtains major orders for new Qualcomm mobile SoC

Taiwan's leading backend house ASE Technology and its affiliate Siliconware Precision Industries (SPIL) have obtained major orders for processing Qualcomm's just-unveiled flagship mobile SoC, according to industry sources......»»

Category: topSource: digitimesDec 4th, 2021

The fast-food industry had a uniquely tumultuous 2021, from staff shortages to supply chain issues

Fast-food chains dealt with a labor shortage and supply chain constraints in 2021, and Workers were pushed to the limit dealing with angry customers. Hollis Johnson Fast food chains dealt with a labor shortage and supply chain constraints in 2021. Workers were pushed to the limit with understaffing and angry customers. Drive-thrus and mobile orders were up, and they gave workers new problems to handle. 2021 was another difficult year for fast food. Demand came rushing back after the unusual trends of 2020, but managing supply issues and staffing were bigger challenges this year. Here are a few of the debacles that made up the year in fast food.Chipotle's Boorito promotionChipotle orders left at the end of the night.AnonymousSeveral Chipotle workers told Insider that they were worried ahead of Chipotle's annual Halloween Boorito promotion, fearing that their understaffed stores wouldn't be able to handle the influx of digital orders.These concerns all played out, workers told Insider.  "It was as bad as I thought it was going to be," a worker in Ohio said. Some Chipotle workers in New York City walked off the job on Halloween in protest during the event to demand better working conditions.The Chipotle app also went down temporarily, though Chipotle says the issues were not widespread.Starbucks' major supply snagsMary Meisenzahl/InsiderStarbucks put at least 25 items, including key drink ingredients, on "temporary hold" in June, according to an internal memo viewed by Insider. The list included popular items like hazelnut syrup, toffee nut syrup, chai tea bags, green iced tea, and other products. Some stores also displayed signs that say "we are currently experiencing temporary outages of some of our food and beverage items." These signs were officially distributed from Starbucks corporate to individual stores, the spokesperson confirmed.The company said these were "temporary supply shortages" that varied by market.Drive-thru popularity led to long waits and traffic problemsPhoto by Tracy A. Woodward/The Washington Post via Getty ImagesDrive-thru wait times keep getting longer, with no end in sight. Customers don't seem to mind, but municipal officials and nearby businesses often object to the long lines, which can block traffic and cause safety hazards. Chick-fil-A in particular has been a traffic offender, leading to lawsuits from nearby businesses and local governments.Meanwhile, former CEO Dan Cathy estimates that as many as 30% of customers drive away from Chick-fil-A because of long lines. The chicken chain does have longer than average wait times at nearly nine minutes, the longest out of 10 major chains surveyed.Workers are facing harassment and abuse on the jobSpencer Platt/Getty ImagesWorking in food service has always been difficult, but many workers say the additional abuse and mistreatment from customers this year has made it unbearable.Well over half of workers, 62%, reported receiving emotional abuse and disrespect from customers, and 49% reported abuse from managers, according to a Black Box Intelligence survey of 4,700 former, current, and hopeful restaurant workers."People think it's perfectly okay to be intolerant, demand things, and just be unreasonable," a Taco Bell worker who just quit after 20 years told Insider.The "handful [of customers] that you get each day who will berate or abuse you can take a drastic toll on your mental well-being," a Louisiana Starbucks barista told Insider in May.No one has enough workersMcDonald's is turning to younger workers.HotLunchPam/RedditThe entire industry is understaffed as chains have difficulty recruiting and retaining workers, many of whom are leaving because of the abuse described earlier.Lower staffing levels have thrown the fast-food world into chaos. Some restaurants, like this Oregon McDonald's, are turning to younger workers to fill in missing pieces of their labor forces. Almost 40% of Popeyes' more than 3,400 US restaurants have closed their dining rooms early to cope with a labor shortage, CEO of parent company Restaurant Brands International Jose Cil said in a third-quarter earnings call.In other cases, restaurants simply can't handle the increased volume of digital orders with skeleton crews, workers pushed to their breaking points walk off the job.Do you have a story to share about a retail or restaurant chain? Email this reporter at mmeisenzahl@businessinsider.com.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 1st, 2022

Futures Ramp Above 4,700 On Growing Omicron Optimism

Futures Ramp Above 4,700 On Growing Omicron Optimism If you had gone to bed on Thanksgiving after eating a little too much tryptophan and only woken up today, roughly one month later, you would have completely avoided a rollercoaster move in global markets, and much of the omicron panic, with the S&P now trading precisely where it was the night before scattered reports of Omicron in South Africa sparked a global selloff. As of 730am, e-mini S&P futures were trading at exactly 4,700, up 14 points or 0.3% - and once again less than 1% from all time highs - on rising hopes the omicron variant won’t impact global growth even as officials remain cautious about its spread, after studies showed it’s less severe than other strains; Dow Jones futures also rose 0.3% while Nasdaq 100 futures were 0.2% higher. US Treasury yields rose, the 10Y trading at 1.475%, while the USD index traded flat. The  pound rose as traders stepped up bets on a Bank of England rate hike. Soaraing European natural gas prices plunged more than 20% as this year’s rally attracted a flotilla of U.S. cargoes, helping offset lower flows from Russia. U.S. stocks reversed a sharp drop earlier in the week, advancing over the past two days amid signs the omicron variant won’t thwart growth, with consumer confidence rising by more than expected in December. Pfizer Inc.’s Covid-19 pill gained clearance for emergency use in the U.S. on Wednesday and three studies showed omicron appears less likely to land patients in the hospital than the delta strain, fueling optimism.  Adding to the positive newsflow on omicron, lab results indicated a third dose of AstraZeneca Plc’s vaccine significantly boosted antibodies against the strain, and Pfizer Inc.’s Covid-19 pill gained clearance for emergency use in the U.S. “Markets hate uncertainty and not knowing, and when omicron hit the markets, we didn’t know,” Carol Schleif, BMO Family Office deputy chief investment officer, said on Bloomberg Television. “But it seems like it’s edging toward something more positive.” A gauge of global stocks is up more than 2% so far this month, leaving the index 15% higher for the year and on course to surpass 2020’s gain. In U.S. premarket trading, Tesla Inc. shares rose after Chief Executive Officer Elon Musk sold down more of his stake. Nikola gained after the electric-vehicle startup said that more deliveries were to come. Here are some other notable premarket movers today: Novavax (NVAX US) shares jump 5% in U.S. premarket after the biotech firm said that both a vaccine booster dose as well as an omicron-specific shot may be beneficial in helping to protect against the Covid-19 variant. Nikola (NKLA US) rises 3.5% in U.S. premarket trading after the electric-vehicle startup said on Twitter that more deliveries were to come, posting photos of a previous event. Tesla (TSLA US) shares gain 1.1% in U.S. premarket trading after CEO Elon Musk sells down more of his stake, drawing nearer to his pledge of cutting his stake in the EV maker by 10%. JD.com’s (JD US) ADRs slump 9.2% in U.S. premarket trading after Tencent said it plans to hand out more than $16 billion of JD.com shares to its investors as a one-time dividend. SciPlay (SCPL US) the maker of mobile and web games such as Jackpot Party Casino, falls 17% in premarket after ending talks to sell out to majority owner Scientific Games. Shares in tiny biotech stocks soar in U.S. premarket trading in strong volume, amid broad risk-on appetite thanks to positive omicron variant studies, ahead of the holiday period. “Our outlook for the global economy remains positive, but we have preference on developed markets,” Janet Mui, director of investment at Brewin Dolphin Limited, said in an interview with Bloomberg TV. “The economic recovery will continue in the major economies like the U.S., U.K. and the Euro area, thanks to the very high vaccination rates and ongoing rollout of the booster jabs.” Elsewhere, European shares advanced for a third day, with travel shares leading gains. The Euro Stoxx 50 rose 0.6%; travel is the strongest sector with recent studies showing omicron appears less likely to land patients in the hospital than the delta strain. IBEX leads with a 1% gain. Travel and leisure was the top-performing sector in Europe on Thursday amid optimism of fewer hospitalizations linked to the omicron variant of Covid-19. Airlines shruged off a profit warning from Ryanair (+1.1%) that was first reported late in the trading session on Wednesday. British Airways-owner IAG adds 3.7%, Wizz +3.3%, hotelier Whitbread +2.6%, Deutsche Lufthansa +2%, caterer Sodexo +0.8%. Stoxx travel and leisure index also helped by Flutter (+3%) which gains following M&A news Earlier in the session, Asian stocks were on track to gain for a third straight day, bolstered by signs the omicron strain is less severe than previous variants. Tech and communication services sectors led the advance. The MSCI Asia Pacific Index climbed as much as 0.9%, with Tencent as the biggest contributor to gains after a 4.2% rally in Hong Kong. The Chinese internet giant declared a one-time dividend in the form of JD.com’s shares worth more than $16 billion, causing the latter’s stock to plunge intraday by the most on record. Sentiment in Asia improved as a trio of studies found that the omicron variant led to lower hospitalization risk than the delta strain, and Pfizer Inc.’s Covid-19 pill gained clearance for emergency use in the U.S. Separately, lab results indicated a third dose of AstraZeneca’s vaccine significantly boosted antibodies against the strain though another study released late in the Asia day found that three doses of Sinovac’s vaccine weren’t enough to protect against it. “We expect Asian equities to improve their relative performance in 2022 given less demanding valuations and prospects for solid earnings growth,” said Tai Hui, Asia chief market strategist at JPMorgan Asset Management. “Reflation and economic reopening could help to boost earnings expectations for cyclical sectors, especially those focusing on domestic demand.” The MSCI Asia Pacific Index is down almost 4% for the year compared with a 25% gain in the S&P 500 Index, which is trading close to a record high.  Equity benchmarks in the Philippines, Malaysia and Thailand were among the top gainers amid a broad advance in the region Thursday even as trading volumes were thin ahead of the Christmas holidays. Japan stocks also rose as the country looks set to unveil another record annual budget this week. Shares in China also rose even as the country locked down the western city of Xi’an to stamp out a persistent virus outbreak. Equities slumped in Vietnam as Covid-19 cases continued to rise. In rates, fixed income is thin with only ~100k bund futures contracts trading as of 10:50am London. Cash space is under small pressure: bunds and USTs bear steepen, gilts bear flatten with short dates ~5bps cheaper. 10-year TSY yields were around 1.47%, with gilts notably underperforming and are cheaper by around 3bp in the sector vs. Treasuries; curves are steady with U.S. cash spreads broadly within a basis point of Wednesday close. Treasuries drifted lower into early U.S. session as S&P futures grind higher. 10-year futures remained inside Wednesday session lows with yields cheaper by up to 2bp across long-end of the curve. Thursday’s highlights include a packed data slate, and cash markets are due for an early 2pm ET close ahead of Friday’s full closure. In FX, tge Bloomberg dollar index chopped either side of flat. The pound was the stand out mover in London hours, topping the G-10 leaderboard with cable regaining a 1.34 handle. USD/JPY was little changed as it holds above 114. Aussie dollar drifts back towards 0.72 against the greenback. Bloomberg Dollar Spot Index is steady after falling for three days. In commodities, crude futures are little changed; WTI trades near $72.70. Spot gold is rangebound, holding just above $1,800/oz. Most base metals are in the green, drifting higher in quiet trade. LME copper and tin lag. European natural gas prices plunged more than 20% as this year’s rally attracted a flotilla of U.S. cargoes, helping offset lower flows from Russia. Looking at today's calendar, we get personal spending and income as well as a new look at inflation data, including the Fed’s preferred price measure -- the change in the core personal consumption expenditures price index -- and jobless claims. We also get the latest Durable goods orders, UMichigan sentiment and new home sales prints. Market Snapshot S&P 500 futures up 0.1% to 4,692.00 STOXX Europe 600 up 0.4% to 480.16 German 10Y yield little changed at -0.28% Euro little changed at $1.1317 MXAP up 0.9% to 192.23 MXAPJ up 0.8% to 623.33 Nikkei up 0.8% to 28,798.37 Topix up 0.9% to 1,989.43 Hang Seng Index up 0.4% to 23,193.64 Shanghai Composite up 0.6% to 3,643.34 Sensex up 0.7% to 57,350.50 Australia S&P/ASX 200 up 0.3% to 7,387.57 Kospi up 0.5% to 2,998.17 Brent Futures down 0.4% to $74.99/bbl Gold spot up 0.2% to $1,807.61 U.S. Dollar Index little changed at 96.16 Top Overnight News from Bloomberg The highly-mutated omicron variant appears less likely to land patients in the hospital with Covid-19 than the delta strain, according to preliminary data from a trio of studies France reported a jump in Covid-19 infections as the fast-spreading omicron variant tightens its grip on Europe The Chinese yuan is having a greater impact on its emerging-market counterparts than ever before and may play a crucial role in determining their performance in the coming year New Prime Minister Fumio Kishida’s rhetoric of distributing wealth more equally appears to signal a change of priorities for post-pandemic Japan that may run counter to plans to improve the country’s presence as an international financial hub Oil settled at the highest level in nearly a month after U.S. crude stockpiles decreased and economic data pushed equities higher A more detailed look at global markets courtesy of Newsquawk Asia-Pac equities traded modestly higher amid some tailwinds from Wall Street in holiday-thinned trade and the absence of fresh catalysts. The US majors closed in the green across the board, with the S&P 500 and Nasdaq propelled higher by Tesla shares which jumped 7.5% to regain USD 1tln market cap. US equity futures resumed trade relatively flat with an upside bias. In APAC, the ASX 200 (+0.3%) was supported by its gold miners following the recent gains in the yellow metal. Japan’s Nikkei 225 (+0.6%) was underpinned by its mining names, while South Korea’s KOSPI (+0.2%) saw gains in Tech mostly offset by losses in Autos. The Hang Seng (+0.3%) and Shanghai Comp (+0.2%) quickly dipped at the open into modest negative territory but later recovered. The overnight focus was on Tencent declaring an interim dividend payable in JD.com shares – which would reduce Tencent's holding of JD to about 2.3% vs prev. nearly 17% reported earlier this month. JD.com shares extended downside in early trade to losses of over 10%, whilst Tencent rose over 3%. US 10yr Treasury futures traded with no firm direction overnight despite the mild positivity seen across APAC stocks, with the debt now looking ahead to the November PCE report. Top Asian News Asian Stocks Head for Third Day of Gains as Tencent Shares Rally Alibaba-Backed RoboSense Said to Pick JPMorgan for Hong Kong IPO Foreigners Haven’t Finished Selling India Stocks: Street Wrap Asia Traders Are Most Bullish Stocks, Europe Least: Markets Live European bourses are firmer in very thin trading conditions, with a distinct holiday-feel setting in. News flow has been minimal, and remains focused on the familiar themes of Omicron and geopolitics. The Euro Stoxx 50 trades around +0.5%, after a constructive handover from Asia, although there are some very modest regional discrepancies. Sectors are predominantly in the green, with the likes of Travel & Leisure, Oil & Gas, and Autos benefitting from the generally constructive tone of news flow around Omicron. US futures are firmer, though the magnitude is limited, and benchmarks have essentially been in a holding pattern since the US cash close on Wednesday. Top European News Spain Revises GDP Growth Sharply Higher After Data Doubts Traders Ramp Up BOE Bets to See Key Rate at 1.25% Next Year U.K. PM Not Expected to Announce Post-Xmas Curbs This Week: Sky Pound Reaches One-Month High After BOE Rate Hike Bets Increase In FX, in stark contrast to this time yesterday, the Dollar index is trying to grind higher from a fractionally firmer base between 96.018-199 parameters, though well below Tuesday’s range amidst an ongoing improvement in overall risk sentiment based on the latest Omicron analysis. In short, studies continue to find lower hospital admissions and generally less acute symptoms even though the mutation is more virulent, while the current batch of vaccines provide varying degrees of protection and new drugs designed specifically for the new strain are in the pipeline. On the fundamental front, the final full trading day before the Xmas break contains some potential market-moving US data, including the Fed’s preferred inflation measure, core PCE, plus jobless claims, new home sales and the often volatile durable goods. NZD/GBP/AUD - The Kiwi, Pound and Aussie have all picked up where they left off on Wednesday, with impetus from the aforementioned positive market tone allied to increasingly bullish technical impulses. Indeed, Nzd/Usd didn’t encounter much in the way of psychological resistance at 0.6800, while Sterling has breached 1.3350 more emphatically to expose/probe 1.3400 and Aud/Usd overcame any sentimentality that might have hampered its progress beyond 0.7200. Cable has also advanced with the aid of Eur/Gbp tailwinds as the cross approaches 0.8450 following sell orders above, and an element of relief after reports suggesting that UK PM Johnson is now likely to hold off from making any further decisions on pandemic measures until after Xmas. Back down under, some good news for the Aussie via a pickup in private sector credit and loans for housing. CAD/EUR - Both narrowly mixed vs their US counterpart, but the Loonie has extended its rebound towards 1.2800 in advance of Canadian monthly GDP and average weekly earnings, while the Euro is forming a firmer base on the 1.1300 handle as EGBs continue to underperform/outperform in futures and cash terms respectively. However, Eur/Usd topped out around 1.1341/2 again and may be wary of decent option expiry interest between 1.1330-40 in 1.3 bn as much as 1.6 bn rolling off at 1.1300-05. CHF/JPY - The Franc and Yen are still lagging on risk factors and their carry characteristics, with the former unable to sustain advances through 0.9200 against the Buck and the latter failing to overcome offers/resistance into 114.00. Hence, Usd/Jpy remains poised for more attempts to scale the next Fib retracement at 114.38 in the run up to Japanese inflation data and post-remarks from BoJ Kuroda who adhered to pretty standard lines on currency matters. To recap, he repeated that FX rates must move in a stable fashion and reflect economic fundamentals, while the negative impact of a weak Jpy on Japanese household income may be increasing, though the benefits outweigh the demerits. In commodities, crude benchmarks continue to see modest pressure that crept in during APAC trade; Brent is pivoting USD 75.00/bbl, with losses of circa USD 0.30/bbl. News flow has been minimal. Russia’s President Putin is making some geopolitical noises, although he is largely reiterating familiar themes. Elsewhere, Exxon’s (XOM) Baytown complex (560k BPD capacity) in Texas reported a fire at a gasoline component processing unit; reports thus far indicate no facility impact from this incident. Moving to metals, spot gold and silver remain contained as the yellow metal holds onto the USD 1800/oz mark it reclaimed amid USD weakness in APAC hours. While base metals are firmer but again within familiar ranges. Russian President Putin says Russia meets gas supply obligations under long-term deals, prior to providing gas to spot markets; adds that Gazprom has not booked gas via the Yamal-Europe line due to a lack of requests, pipeline in reverse mode. Europe has created its own gas problems, should resolve this themselves; are prepared to assist.Germany is selling Russian gas to Poland, think it ends up in Ukraine. Exxon (XOM) Baytown complex (560k BPD capacity) in Texas has reported a fire at the facility, according to the community alert system; Some injuries have been reported following a 'major industrial accident' at the Exxon (XOM) Baytown complex (560k BPD capacity) in Texas, via the Harris County Sheriff - No reports to evacuate/shelter in place after the fire. Based on current information, no adverse impact. US Event Calendar 8:30am: Dec. Initial Jobless Claims, est. 205,000, prior 206,000; Continuing Claims, est. 1.84m, prior 1.85m 8:30am: Nov. Personal Income, est. 0.4%, prior 0.5% Personal Spending, est. 0.6%, prior 1.3% 8:30am: Nov. PCE Deflator MoM, est. 0.6%, prior 0.6%; YoY, est. 5.7%, prior 5.0% PCE Core Deflator MoM, est. 0.4%, prior 0.4%; YoY, est. 4.5%, prior 4.1% 8:30am: Nov. Durable Goods Orders, est. 1.8%, prior -0.4% Durables-Less Transportation, est. 0.6%, prior 0.5% Cap Goods Orders Nondef Ex Air, est. 0.7%, prior 0.7% Cap Goods Ship Nondef Ex Air, est. 0.6%, prior 0.4% 10am: Nov. New Home Sales MoM, est. 3.3%, prior 0.4% 10am: Dec. U. of Mich. Sentiment, est. 70.4, prior 70.4 Current Conditions, prior 74.6 Expectations, prior 67.8 1 Yr Inflation, est. 4.9%, prior 4.9%; 5-10 Yr Inflation, prior 3.0%; 10am: Nov. New Home Sales, est. 770,000, prior 745,000 Tyler Durden Thu, 12/23/2021 - 08:06.....»»

Category: blogSource: zerohedgeDec 23rd, 2021

I tried the chicken sandwich KFC says it"s seeing huge success with and saw why it"s such a hit

KFC's chicken sandwich has been selling well and propelling the chain through a successful year. A KFC store is seen in Pittsburgh, Pennsylvania in February 2018.Gene J. Puskar/AP KFC's chicken sandwich has been selling well and propelling the chain through a successful year. I tried the spicy and regular versions and was impressed.  For the price and lack of wait time, KFC beats Chick-fil-A.  KFC's chicken sandwich has been a major success for the chain this year, earning rave reviews.Mary Meisenzahl/InsiderI decided I needed to try it, so I headed to my local KFC.Mary Meisenzahl/InsiderI ordered through KFC's app, which directed me to go inside rather than through the drive-thru.Mary Meisenzahl/InsiderKFC has a pick-up window for mobile orders right at the corner, next to where you place orders.Mary Meisenzahl/InsiderInside, the restaurant was decorated in signs promoting the spicy chicken sandwich, which I was there to try.Mary Meisenzahl/InsiderMy food was ready and packed up when I walked in.Mary Meisenzahl/InsiderI brought the sandwiches back to the car to dig in.Mary Meisenzahl/InsiderFirst up, the regular non-spicy version.Mary Meisenzahl/InsiderLike its counterparts at Popeyes, the sandwich comes in foil that keeps it warm.Mary Meisenzahl/InsiderIt comes on a bun with pickles and a creamy, ranch-like sauce.Mary Meisenzahl/InsiderFrom the first bite, it was crispy, juicy, and delicious.Mary Meisenzahl/InsiderMy fiance Joe was also a fan.Mary Meisenzahl/InsiderThen we moved on to the second, spicier version.Mary Meisenzahl/InsiderIt's the same sandwich base as the first, covered with a mild hot sauce.Mary Meisenzahl/InsiderThe only thing I didn't love about the sandwiches was the messiness of the sauce.Mary Meisenzahl/InsiderThough very tasty, the orange hot sauce got everywhere.Mary Meisenzahl/InsiderBoth sandwiches felt very substantial, each consisting of a large breaded chicken breast.Mary Meisenzahl/InsiderI thought the size of the sandwiches was an especially good deal for the price, which was $3.99 in Rochester, New York for both versions.KFCFor comparison, a chicken sandwich from Chick-fil-A costs $4.65, or $4.99 for a spicy chicken sandwich.Irene Jiang / Business InsiderI'm not the only one who was impressed by KFC's chicken sandwiches. "It's doing four times better than any chicken sandwich we've ever had in the US before," Yum Brands CFO Chris Turner told analysts in a recent earnings call.A KFC restaurant is seen in ShanghaiReutersSource: Restaurant Business OnlineSame-store sales are up more than 13% over 2019 levels, nearly the same level of growth as Popeyes has seen over the same period.Moses Robinson/Getty Images for KFCI was also impressed by how quickly I got my food. Given the lower price point and shorter wait time compared to Chick-fil-A, I'd probably choose KFC next time I'm craving a spicy chicken sandwich.Mary Meisenzahl/InsiderDo you have a story to share about a retail or restaurant chain? Email this reporter at mmeisenzahl@businessinsider.com.Read the original article on Business Insider.....»»

Category: dealsSource: nytDec 12th, 2021

Reef ghost kitchens make food for major chains like Burger King and Wendy"s — and some insiders say they are rife with problems

"Our team was deadly afraid to work every day because they thought their face will get burned off," one former employee said. REEF Technology is building an empire of mobile kitchen vessels on its parking lots.REEF SoftBank-backed Reef Technology operates hundreds of ghost kitchens around the US. The ghost kitchen chain has partnered with top fast-food giants like Burger King and Wendy's. Insider spoke with 18 Reef insiders about the rapidly expanding company. Insiders say Reef Technology, a chain of ghost kitchens, has faced operational chaos as it raced to expand.The Softbank-backed company operates hundreds of ghost kitchens in parking lots across the US. In its mobile trailers, which Reef calls "kitchen vessels," employees are tasked with preparing food for delivery orders. Reef has signed deals with major chains like Burger King, Wendy's, and TGI Fridays.Insider interviewed 18 former Reef insiders at varying levels of the company, from cooks to regional managers. In Houston and San Francisco, ex-employees told Insider about "fireballs" that burst from stovetops within the kitchen vessels. A former market director in Texas said the flaming hazards kept happening because the kitchens lacked the proper shutoff valves."Our team was deadly afraid to work every day because they thought their face will get burned off," the director said.Another former manager told Insider that the kitchens, under the pressure of surging customer orders, faced issues with undercooked chicken that in one case prompted complaints from an Uber Eats representative."They sent us pictures," the former manager said. "And the chicken was raw — like, clearly pink and red on the inside."Reef declined to comment on any specific cases.  "The allegations being made against Reef from unnamed sources are misleading and nothing more than an attempt to damage the company's reputation," the company said in an email.You can read the full story here if you're an Insider subscriber. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 30th, 2021

4 Grocery Stocks to Buy as Omicron Variant Raises Fresh Fears

Grocery stocks with a strong online presence like Target Corporation (TGT), Casey's General Stores, Inc. (CASY), United Natural Foods (UNFI) and SunOpta, Inc. (STKL) are gaining on fears of a new COVID-19 variant. The coronavirus pandemic is far from over. Just when people were feeling confident after vaccination and stepping out of their homes or planning vacations, the Omicron variant of the coronavirus raised fresh fears.On the one hand, the holiday season has brought a smile on retailers' faces with people returning to brick-and-mortar stores. On the other hand, the World Health Organization (WHO) has warned of the severity of the Omicron variant. This might once again send people indoors with stocks of essential goods.Groceries are one of the essential goods and investing in grocery stocks like Target Corporation TGT, Casey’s General Stores, Inc. CASY, United Natural Foods UNFI and SunOpta, Inc. STKL would be a wise decision.Fresh COVID-19 ScareLast week, the WHO warned of a new COVID-19 variant Omicron that was first identified in South Africa but is believed to have originated in Botswana. The variant has new symptoms and has raised fresh fears of cases surging. In fact, many countries, including the United States, have issued a travel ban from South Africa and seven other African nations due to fears of the fast-mutating virus.On Monday, the WHO warned that the new Omicron variant poses a “very high” risk to the global pandemic recovery and might have serious consequences with a new wave of infections. “Omicron has an unprecedented number of mutations, some of which are concerning for their potential impact on the trajectory of the pandemic,” the WHO said on Monday, according to a report in the Daily Mail.The news comes just at a time when people had started feeling confident after their jab and the economy started reopening.E-Commerce Driving Grocery SalesThe first wave of the pandemic in March-April 2020 saw millions stockpiling on essential goods. E-commerce was a major savior as millions shopped groceries and other essential goods online. This, in a way,saved the retail sector from a total collapse.Since then, an increasing number of Americans have been shopping online, particularly groceries. E-commerce has been majorly driving the overall grocery sales. According to the Brick Meets Click/Mercatus Grocery Shopping Survey, the U.S. online grocery market jumped 1.3% in October accounting for a total of $8.1 billion in sales from $8 billion in September.Moreover, almost 50% of the total U.S. households, which is 63.8 million, shopped groceries online in October. A monthly average user placed an average of 2.74 orders the previous month, which is 35% more than the pre-pandemic levels and just 6% lower than the record high attained in May 2020, when the pandemic was at its peak.This shows the growing reliance on e-commerce for buying groceries. According to research firm Acosta’s “Growth of Online Grocery Shopping Shows No Signs of Slowing Down” report, 31% of Americans plan to increase shopping for their groceries and food online. Also, experts believe that e-commerce will continue to dominate this space as grocery players are fast shifting focus to online business.Our ChoicesThis is thus an opportune time to invest in grocery stocks with a strong online presence as they should lead to solid returns going forward. We have picked four such stocks, each currently carrying either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Casey’s General Stores, Inc. offers a variety of food selections (including freshly prepared foods such as pizza, donuts and sandwiches), beverages, tobacco and nicotine products, health and beauty aids, school supplies, houseware, and pet supplies.CASY operates two stores under the name "Tobacco City," selling primarily tobacco and nicotine products, one liquor store, and one grocery store. Casey’s also offers a variety of food selection (including freshly prepared foods such as pizza, donuts and sandwiches), beverages, tobacco and nicotine products, health and beauty aids, school supplies, housewares and pet supplies.Casey’s expected earnings growth rate for the current year is 3.6%. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the past 60 days. Shares of CASY have gained 4.9% in the past 30 days. Casey’s General Stores has a Zacks Rank #2.SunOpta, Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. STKL has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. SunOpta’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings for STKL has improved 25% over the past 60 days. SunOpta has a Zacks Rank #2.Target Corporation has evolved from being a pure brick & mortar retailer to an omni-channel entity. TGT has been investing in technologies, improving websites and mobile apps, and modernizing the supply chain to keep pace with the changing retail landscape and better compete with pure e-commerce players.The company reported third-quarter fiscal 2021 earnings of adjusted earnings of $3.03 per share, beating the Zacks Consensus Estimate of $2.87 and rising 8.7% from the year-ago period. TGT’s total revenues for the quarter came in at $25,652 million,increasing 13.3% year over year and surpassing the Zacks Consensus Estimate of $24,906 million. Target Corporation’s expected earnings growth rate for the current year is 39.6%. The Zacks Consensus Estimate for current-year earnings has improved 2.8% over the past 60 days. Shares of TGT have advanced 10.5% in the past six months. Target carries a Zacks Rank #2.United Natural Foods is the leading distributor of natural, organic and specialty food and non-food products in the United States and Canada. UNFI carries more than 1,10,000 high-quality natural, organic and specialty products, consisting of national, regional and private label brands in six product categories. From an operating point of view, United Natural Foods has two principal divisions — the wholesale as well as the manufacturing and branded products unit.United Natural Foods’expected earnings growth rate for the current year is more than 5.2%. The Zacks Consensus Estimate for UNFI’s current-year earnings has improved 29.5% over the past 60 days. Shares of UNFI have gained 17.1% in the past 30 days. United Natural Foods has a Zacks Rank #2. Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. See Zacks’ Hottest Tech IPOs Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report SunOpta, Inc. (STKL): Free Stock Analysis Report United Natural Foods, Inc. (UNFI): Free Stock Analysis Report Casey's General Stores, Inc. (CASY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 30th, 2021

150+ of the best Cyber Monday deals to shop now: Target, Amazon, Walmart, and more

Shop Cyber Monday deals now. Save big at Amazon, Walmart, Target, and Nordstrom, and with small brands like Outdoor Voices, Eberjey, and Kiehl's. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Alyssa Powell/InsiderIt's November 29, which means Cyber Monday is live. Cyber Monday is explicitly an online-shopping event — even more so than Black Friday — and it's historically brought some of the sales weekend's lowest prices. While Cyber Monday is officially live now, many retailers are continuing Black Friday deals right now.Cyber Monday is a particularly great time to shop for tech, smart home, and gift cards, but categories like kitchen and home, as well as personal care are also very active.  Stock is typically more limited than Black Friday, which means acting fast is key to getting a good deal. Bookmark this page and check back throughout the day to keep up with discounts without spending all day combing the internet; we'll do the heavy lifting for you.At Insider Reviews, we test products all year and track their price history so we can give you solid buying advice during big shopping events like Cyber Monday. Tons of deals are available now on products we love and trust, and we're highlighting the best ones below.Spotlight: Our top 10 standout Cyber Monday dealsSony WH-1000XM4, $248 (originally $349.99)Amazon Echo (4th Gen), $59.99 (originally $99.99)KitchenAid Professional 5 Plus Series 5-Quart Bowl-Lift Stand Mixer, $294.11 (originally $429.99)Molekule Air Purifier, $479 (originally $799)Dyson V8 Absolute, $399.99 (originally $449.99)Eufy BoostIQ RoboVac 15C MAX, $169.99 (originally $279.99)Hulu Monthly Subscription, $0.99 (originally $6.99)Amazon Prime Video Channel Add-Ons, $0.99 for up to two months (originally up to $10.99 per month)L.L.Bean Wicked Good Slippers, Men's $75.65 (originally $89), Women's $67.15 (originally $79), and Toddlers $33.96 (originally 39.94)Lululemon Wunder Under High-Rise Tight, $69 (originally $98)Best Cyber Monday 2021 tech dealsAnker PowerWave Alloy PadIf you have a phone capable of charging at 15W or you want to future-proof, then the Anker PowerWave Alloy Pad is best for you.$24.79 FROM AMAZONOriginally $30.99 | Save 20%Belkin 15W Boost Charge Wireless ChargerBelkin's Boost Charge Wireless Charger is inexpensive, includes a charger and cable, and works as well as all the other options we tested.$29.99 FROM BEST BUYOriginally $39.99 | Save 25%Apple MagSafe ChargerApple’s MagSafe wireless charger uses magnets snap in place on the iPhone 12 and delivers charging of up to 15 watts. It is still compatible with wireless Qi charging, so older iPhone models can use it too, though they have to rest flat against the charger, as they lack the embedded magnets to take advantage of snap-on alignment. This is great for any iPhone owner looking for wireless charging and is on sale for $34.$29.99 FROM AMAZONOriginally $39.00 | Save 23%Roku Streaming Stick 4K (2021)Compared to the Roku Streaming Stick+, the new Streaming Stick 4K provides an improved viewing experience by adding support for Dolby Vision. This advanced high dynamic range (HDR) format can provide better picture quality on TVs that support it.$29.00 FROM AMAZONOriginally $49.99 | Save 42%$29.99 FROM ROKUOriginally $49.99 | Save 40%$29.99 FROM BEST BUYOriginally $49.99 | Save 40%$29.00 FROM WALMARTOriginally $49.99 | Save 42%Apple Pencil (2nd Generation)The Apple Pencil is a special stylus that lets you draw and handwrite on your iPad. There are two versions of the Apple Pencil, and they each work with a different collection of iPads.$99.00 FROM AMAZONOriginally $129.00 | Save 23%$99.00 FROM BEST BUYOriginally $129.00 | Save 23%$99.99 FROM VERIZONOriginally $129.99 | Save 23%$129.00 FROM APPLERoku Streambar 2020Too much clutter under the TV? The interesting Roku Streambar combines all of the features of a Roku 4K player with a compact soundbar.$79.98 FROM AMAZONOriginally $129.99 | Save 38%$79.98 FROM BEST BUYOriginally $129.99 | Save 38%$79.98 FROM TARGETOriginally $129.99 | Save 38%$99.00 FROM WALMARTOriginally $129.99 | Save 24%Google Nest Hub (2nd gen)The Google Nest Hub is a smart display with a unique Sleep Sensing feature to help you monitor your sleep habits. $49.99 FROM KOHL'SOriginally $99.99 | Save 50%$49.98 FROM WALMARTOriginally $99.98 | Save 50%$49.99 FROM BEST BUYOriginally $99.99 | Save 50%Apple Watch Series 7Much more than a timepiece, the Apple Watch can also be used for keeping track of workouts, making phone calls, sending text messages, setting timers and alarms, counting calories, and more.$379.99 FROM AMAZONOriginally $399.00 | Save 5%$379.99 FROM WALMARTOriginally $399.00 | Save 5%$399.00 FROM APPLESamsung Galaxy Watch 4 (40mm)The Samsung Galaxy Watch 4 is the obvious choice for Android users looking for a comprehensive, quality, premium smartwatch experience. However, it's a shame that the ECG feature is limited specifically to Samsung phone owners. $199.99 FROM AMAZONOriginally $249.99 | Save 20%$199.99 FROM TARGETOriginally $249.99 | Save 20%$199.99 FROM BEST BUYOriginally $249.99 | Save 20%MasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Bose QuietComfort 45The QuietComfort 45 have a refreshed design with improved noise cancelling and better battery life.$279.00 FROM BEST BUYOriginally $329.00 | Save 15%$279.00 FROM BOSEOriginally $329.00 | Save 15%$279.00 FROM AMAZONOriginally $329.00 | Save 15%$279.00 FROM WALMARTOriginally $329.00 | Save 15%Apple AirPods (3rd Gen)Apple's third-generation AirPods offer longer battery life, a MagSafe charger, water resistance, and support for spatial audio. $169.99 FROM AMAZONOriginally $179.00 | Save 5%$179.00 FROM APPLE$179.00 FROM BEST BUY$174.98 FROM WALMART$154.99 FROM MICRO CENTEROriginally $179.99 | Save 14%Apple Airpods (2nd Generation)You’ll need to pick up your pair from your local Micro Center, but this is a solid deal price for the second-generation Apple AirPods. You can often find them discounted as low as $120, making this extra $5 drop noteworthy. $104.99 FROM MICRO CENTEROriginally $129.99 | Save 19%$114.99 FROM TARGETOriginally $129.99 | Save 12%$114.99 FROM AMAZONOriginally $129.99 | Save 12%$119.99 FROM BEST BUYOriginally $129.99 | Save 8%Apple MacBook Air (M1)The latest MacBook Air released in late 2020 gains Apple's new M1 processor, which brings impressively fast performance and long battery life, for under $1,000, making it the best Apple laptop overall.$899.99 FROM BEST BUYOriginally $999.99 | Save 10%$999.00 FROM APPLE$999.00 FROM B&HApple 2020 MacBook Air (M1 chip, 8GB RAM, 512GB)The latest MacBook Air released in late 2020 gains Apple's new M1 processor, which brings impressively fast performance and long battery life, for prices starting at under $1,000, making it the best Apple laptop overall. The 512GB storage model adds to the price over the base 256GB model. $1099.99 FROM AMAZONOriginally $1199.00 | Save 8%$1149.00 FROM B&HOriginally $1199.00 | Save 4%Apple MacBook Pro with M1 Processor (13-inch, 8GB RAM, 256GB)Apple's latest MacBook Pro with the M1 processor is leaps and bounds beyond its predecessor, but the Intel MacBook Pro still has some tricks.$1199.00 FROM B&HOriginally $1299.00 | Save 8%$1299.00 FROM APPLELG 65-inch C1 OLED 4K TVLG’s C1 is one of the best 4K TVs you can buy. The OLED panel delivers incredible image quality with an infinite contrast ratio. This deal price matches the lowest we’ve seen so far.$1796.99 FROM AMAZONOriginally $2499.98 | Save 28%$1796.99 FROM WALMARTOriginally $2499.98 | Save 28%Samsung 65-inch Q60A QLED 4K TVSamsung's Q60A is the company's less expensive lineup of premium QLED TVs. $849.99 FROM BEST BUYOriginally $999.99 | Save 15%Amazon Fire TV 50" Omni SeriesAmazon launched its own smart TVs in fall 2021 and the Omni Series boasts features like hands-free Alexa support and video calling along with the latest Fire TV software.$359.99 FROM AMAZONOriginally $509.99 | Save 29%Amazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%Amazon Fire TV Stick 4K MaxThe Fire TV Stick 4K is designed to be 40% more powerful than Fire TV Stick 4K. It also adds Wi-Fi 6 support.$34.99 FROM AMAZONOriginally $54.99 | Save 36%$34.99 FROM BEST BUYOriginally $54.99 | Save 36%$34.99 FROM TARGETOriginally $54.99 | Save 36%Ring Video Doorbell (2020)The latest affordable Video Doorbell model from Ring features 1080p recording and improved motion tracking. It's a great deal if you're looking to start adding smart devices to your home. Orders made now will be fulfilled in 6 to 7 weeks.$79.98 FROM AMAZONOriginally $99.99 | Save 20%Google Nest Cam Outdoor Battery (2021) Elegant design, reliable performance, and wireless battery power make the Nest Cam Outdoor a tempting option to add peace of mind and checking in on your home's exterior when you're away. $149.99 FROM BEST BUYOriginally $179.99 | Save 17%$149.99 FROM GOOGLEOriginally $179.99 | Save 17%$149.99 FROM BED BATH & BEYONDOriginally $179.99 | Save 17%$149.99 FROM TARGETOriginally $179.99 | Save 17%$198.00 FROM AMAZONGoogle Nest ThermostatGoogle Nest makes some of the best smart thermostats you can buy. This model lets you control your home's temperature via the internet or through a mobile app. It can also learn your preferred temperature settings over time. $99.99 FROM TARGETOriginally $129.99 | Save 23%$89.99 FROM AMAZONOriginally $129.99 | Save 31%Vizio Elevate 5.1.4 SoundbarVizio's Elevate soundbar offers a 5.1.4 Dolby Atmos experience with performance that rivals many full-fledged home theater systems.$798.00 FROM AMAZONOriginally $1099.99 | Save 27%$799.99 FROM BEST BUYOriginally $1099.99 | Save 27%GoPro Hero 10 BlackThis video and still camera has similar capabilities to larger variants, while maintaining the small go-anywhere form-factor it's known for.$349.98 FROM GOPROOriginally $499.99 | Save 30%Best Cyber Monday 2021 kitchen dealsZojirushi MaestroThis bread machine is specifically calibrated to bake excellent one-pound loaves of bread, making it a solid choice for one or two-person households.$242.99 FROM AMAZONOriginally $329.99 | Save 26%$339.99 FROM ABTOriginally $395.00 | Save 14%Café Specialty Drip Coffee MakerWhat makes this coffee maker the best I tested is its combination of simplicity and customizability. It’s also extremely consistent — every cup of coffee brewed at every setting tasted just like it should. $279.95 FROM WILLIAMS SONOMAOriginally $349.95 | Save 20%$279.00 FROM BEST BUYOriginally $349.99 | Save 20%KitchenAid Professional 5 Plus Series 5-Quart Bowl-Lift Stand MixerThis KitchenAid is a powerful mixer that can handle sticky doughs and a few quarts of cake batter, but isn't too bulky for a home kitchen. It comes in eight colors, and each includes a flat beater, a spiral dough hook, and a wire whisk. $249.99 FROM TARGETOriginally $429.99 | Save 42%GreaterGoods Kitchen ScaleThis basic food scale is reliable and easy to use, for a low price.$8.39 FROM AMAZONOriginally $19.95 | Save 58%Nespresso Vertuo Next Deluxe Coffee and Espresso MakerA truly versatile machine, the Nespresso Vertuo Next uses capsules to make both coffee and espresso in a variety of cup or carafe sizes.$126.75 FROM TARGETOriginally $169.99 | Save 25%Ninja Professional Plus Food ProcessorThe Ninja Professional Plus makes food prep fast and easy with presets for chopped vegetables, shredded cheese, more.$79.98 FROM KOHLSOriginally $119.99 | Save 33%Ninja Foodi 5-in-1 Indoor Grill with Air Fryer, Roast, Bake & DehydrateThe Ninja Foodi 5-in-1 has five functions, including grill, bake, and dehydrate. Its temperatures range between 105°F to 500°F, giving it a lot of versatility in cooking options. Many of the parts are dishwasher safe for easier cleanup. $169.99 FROM TARGETOriginally $229.99 | Save 26%$169.99 FROM KOHL'SOriginally $249.99 | Save 32%Vitamix Explorian BlenderThe renewed Vitamix Explorian is pre-owned, but every bit as good as new and comes with a 90-day Amazon Renewed Guarantee on top of a 3-year full warranty.$289.95 FROM TARGETOriginally $449.99 | Save 36%$289.95 FROM BEST BUYOriginally $345.99 | Save 16%Instant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$50.99 FROM TARGETOriginally $129.99 | Save 61%Cuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%Keurig K-Mini Single Serve Coffee MakerThe slim 6- to 12-ounce coffee maker will fit neatly on any kitchen counter and save energy with the auto-off feature after brewing.$49.99 FROM THE HOME DEPOTOriginally $79.98 | Save 37%$89.99 FROM TARGETBest Cyber Monday 2021 home dealsHammam Linen Bath Towels 4-PackThese 100% cotton towels are big, soft, and fluffy.$33.15 FROM AMAZONOriginally $69.98 | Save 53%AeroGarden SproutA smaller option from AeroGarden's lineup, the Sprout lets you grow up to three plants in its narrow footprint. It's down to $70 with promo code SUMMER20 through May 31, a rare and excellent deal direct from AeroGarden.$49.95 FROM AEROGARDENOriginally $99.95 | Save 50%$49.99 FROM AMAZONOriginally $99.95 | Save 50%Chewy Pet ProductsFor Cyber Monday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%Dyson Outsize Absolute+The Dyson Outsize Absolute+ is ideal for whole home, deep cleaning with its full-size dustbin and large cleaner head. $799.99 FROM DYSONOriginally $899.99 | Save 11%Dyson V8 AbsoluteBuilt with a soft roller head for hard floors and a motorized cleaner head for carpets, the Dyson V8 Absolute handles all surfaces efficiently.$399.99 FROM DYSONOriginally $449.99 | Save 11%Dyson Cyclone V10 AbsoluteEquipped with a sensor to detect the difference between carpets and hard floors, the Cyclone V10 Absolute is the perfect vacuum cleaner for any room in the house. We've seen it go for as low as $350 before (it's usually $550), but during Black Friday and Cyber Monday, you'll get it for $400 while supplies last.$499.99 FROM DYSONOriginally $549.99 | Save 9%Eufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%iRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Ecovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$499.99 FROM AMAZONOriginally $749.99 | Save 33%$799.99 FROM BEST BUYBissell SpinWave Robot VacuumThe Bissell SpinWave Robot Vacuum picked up all the pet hair on carpet in our tests and has a great assortment of mop attachments and accessories. The company is also committed to helping homeless pets and helps them find loving homes. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$299.00 FROM WALMARTOriginally $399.99 | Save 25%Dewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 20-Volt MAX Brushless Compact 2-Tool Combo Kit includes 1 cordless Drill/Driver, 1 cordless Impact Driver, two 20-Volt MAX Lithium Ion Batteries, 1 charger, and a carrying bag. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Kitchellence 3-Stage Knife SharpenerThis knife sharpener includes three stages to help repair and sharpen dull blades. It also includes cut-resistant gloves. $19.98 FROM AMAZONOriginally $30.00 | Save 33%Best Cyber Monday 2021 gaming dealsSony Spider-Man: Miles Morales Launch Edition (PS5)An all-new Spider-Man experience, Spider-Man Miles Morales has you master explosive new powers along with some classic web-slinging acrobatics. The PS5 update even lets you play the game in the gorgeous raytracing mode at a smooth 60 fps.$29.99 FROM TARGETOriginally $49.99 | Save 40%$29.99 FROM BEST BUYOriginally $49.99 | Save 40%$29.83 FROM AMAZONOriginally $49.99 | Save 40%Nintendo Switch Legend of Zelda: Breath of the Wild (Digital Download)The Legend of Zelda: Breath of the Wild was released for the Nintendo Switch in 2017, but still remains one of the best Switch games out there. Right now, a physical copy is selling for $40, which is a solid price on this rarely discounted game.$35.00 FROM WALMARTOriginally $59.99 | Save 42%Nintendo eShop $50 Gift CardThe Nintendo eShop is the best place to shop for digital copies of Nintendo's games. This gift card is the perfect gift or investment for anyone with a Nintendo Switch. Better still, Nintendo's eShop offers several sales throughout the year. This means, patient shoppers can double their savings.$45.00 FROM WALMARTOriginally $50.00 | Save 10%$50.00 FROM BEST BUY$45.00 FROM NEWEGGOriginally $50.00 | Save 10%Xbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%Microsoft Xbox Series S|X Wireless ControllerThis latest-gen Xbox gamepad is the best Microsoft has ever made, and during Cyber Monday, shoppers can save $20 on this recently released controller.$49.99 FROM MICROSOFTOriginally $59.99 | Save 17%$54.99 FROM BEST BUYOriginally $59.99 | Save 8%$49.00 FROM GAME STOPOriginally $54.99 | Save 11%$49.00 FROM WALMARTOriginally $64.88 | Save 24%Death Loop for PlayStation 5“Death Loop” is an unusual first-person shooter that challenges players to escape a day-long time loop by assassinating specific targets. The game is a great pick for fans of spy movies, sci-fi, and creative gunplay.$29.99 FROM BEST BUYOriginally $59.99 | Save 50%Call of Duty Vanguard for PlayStation 4The latest Call of Duty game is now on sale for $20 off, just a few weeks after its release.$39.00 FROM WALMARTOriginally $59.99 | Save 35%$44.99 FROM TARGETOriginally $59.99 | Save 25%Call of Duty Vanguard for PlayStation 5The latest Call of Duty game is now on sale for PlayStation 5 just a few weeks after its release.$54.99 FROM TARGETOriginally $69.98 | Save 21%$39.00 FROM WALMARTOriginally $59.94 | Save 35%Nintendo Mario Kart Live: Home Circuit Nintendo Switch Set EditionYou can use a Nintendo Switch to control this real-life Mario Kart toy, and watch Mario or Luigi’s perspective as they zoom around your home.$88.99 FROM TARGETOriginally $99.99 | Save 11%$99.99 FROM BEST BUYLogitech G305 Lightspeed Wireless Gaming MouseCompact and portable, the Logitech G305 is great to take on the go. It's best if you prefer smaller mice and right now it's only $40, a great price drop from a typical selling price of $50.$29.99 FROM AMAZONOriginally $59.99 | Save 50%$29.99 FROM WALMARTOriginally $48.97 | Save 39%Nintendo Switch Ring Fit Adventure"Ring Fit Adventure" for the Nintendo Switch uses the exclusive "Ring-Con" attachment and a leg strap to track movement and provide resistance for workouts. The game also includes an adventure mode. Right now, it's selling for $55 at Target and Amazon, $25 off its usual price and the lowest price we've ever seen on this game.$54.00 FROM AMAZONOriginally $79.98 | Save 32%$54.00 FROM WALMARTOriginally $80.00 | Save 33%$79.98 FROM BEST BUY$79.98 FROM TARGETBest Cyber Monday 2021 streaming dealsHulu Monthly Subscription (Deal)Save a huge 85% on an ad-supported Hulu subscription for an entire year. That amounts to just 99 cents per month. This deal is live until Monday, November 29. $0.99 FROM HULUOriginally $6.99 | Save 86%Disney Plus Free Trial with Amazon Music UnlimitedNew Amazon Music Unlimited subscribers can get six months of Disney Plus for free when they sign up. Current Music Unlimited members can get three months of Disney Plus. Music Unlimited costs $8 a month for Prime members or $10 a month without Prime.$0.00 FROM AMAZONAmazon Prime Video Channel Add-OnsPrime Video subscribers can choose from a variety of channel-add ons including Starz, Showtime, Paramount+, AMC+, Discovery+, and more.$0.99 FROM AMAZONOriginally $10.99 | Save 91%YouTube PremiumYouTube Premium lets you stream videos and music on YouTube without any ads. The service also features exclusive programs.FREE FROM YOUTUBEOriginally $11.99 | Save 100%Best Cyber Monday 2021 health & fitness dealsTheragun PrimeTheragun's Prime massage gun is the perfect blend of performance and value. It delivers a high-quality massage, is durably built, and features an ergonomic design that makes it easy to use anywhere on your body. It's also half the price of the flagship Pro model.$249.99 FROM THERABODYOriginally $299.00 | Save 16%$249.99 FROM KOHL'SOriginally $299.99 | Save 17%RENPHO Foot Massager MachineWith customizable patterns of kneading, compression, and heat therapy, the RENPHO Foot Massager Machine is a full-service Shiatsu device and feels like a home spa for your feet.$129.99 FROM AMAZONOriginally $149.99 | Save 13%Garmin Forerunner 245 MusicThe Garmin Forerunner 245 is a great choice for runners and offers features like calendar syncing, weather forecasting, and notifications, so you can leave your phone at home. $249.99 FROM TARGETOriginally $349.99 | Save 29%$249.99 FROM GARMINOriginally $349.99 | Save 29%Garmin Fenix 6SThe Garmin Fenix 6S Sapphire smartwatch is a premium watch perfect for those looking for enhanced GPS capabilities in a rugged design. The Fenix 6S features an always-on display, stainless steel bezels, an enhanced pulse oximeter for sleep monitoring and altitude acclimation, grade-adjusted pace guidance, and comes preloaded with maps, as well as the ability to tap into three different navigation satellite systems. $549.99 FROM AMAZONOriginally $749.99 | Save 27%Philips Sonicare 9900 PrestigeDentists love Philips Sonicare and its new 9900 Prestige has every bell and whistle you could want in an electric toothbrush, including the ability to adjust its vibrations based on how hard you're brushing.$299.99 FROM AMAZONOriginally $349.99 | Save 14%$299.95 FROM PHILLIPS SONICAREOriginally $349.99 | Save 14%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Mirror from lululemonThis isn't just a mirror. It's a cardio class, it's a yoga studio, it's a boxing ring, it's your new personal trainer, and it's so much more. For Cyber Monday, Mirror is on sale for $500 with the code "CYBERMONDAY20"$995.00 FROM MIRROROriginally $1495.00 | Save 33%Hydro Flask 32-Ounce Wide Mouth This bottle has all the hallmark features of a Hydro Flask water bottle — 12-24 hours of temperature retention, powder color coating that won't chip or fade with time, a silicone twist top — with the very convenient wide mouth for easy pouring and drinking.$33.71 FROM HYDRO FLASKOriginally $44.95 | Save 25%Amazon HaloAmazon's Halo fitness tracker can analyze the tone of your voice to help you understand how you sound to others.$54.99 FROM AMAZONOriginally $99.99 | Save 45%LifeSpan TR1200i Folding TreadmillThe TR1200i is the baby sister of our top pick for a folding treadmill, the TR300i, with fewer built-in training programs and fewer fancy features like manual instead of digital buttons. But it's nearly the same size, has the same motor, and the same shock absorption — but for significantly cheaper.$899.00 FROM LIFESPANOriginally $1199.00 | Save 25%Best Cyber Monday 2021 style & beauty dealsKiehl's Powerful-Strength Vitamin C SerumThis serum by Kiehl’s boasts its ability to reduce fine lines, and customers agree—one even called it “botox in a bottle.”$44.00 FROM KIEHL'SOriginally $88.00 | Save 50%$70.00 FROM SEPHORAKiehl's Creamy Eye Treatment with Avocado This hydrating, fragrance-free eye cream de-puffs under-eyes. $25.00 FROM ULTAOriginally $50.00 | Save 50%$25.00 FROM KIEHL'SOriginally $50.00 | Save 50%Anastasia Beverly Hills Sugar Glow KitA palette with four metallic highlighter shades compatible with many skin tones, the Sugar Glow Kit is nice to have to change up your daily highlight or to do someone else's. Down to $20, this is a solid price on a palette from a brand known for it's popping highlights.$20.00 FROM SEPHORAOriginally $40.00 | Save 50%Fenty Beauty Portable Contour & Concealer BrushFenty Beauty Portable Contour & Concealer Brush $6.00 FROM FENTY BEAUTY Originally $24.00 | Save 75%Levi's Men's 501 Original Fit JeansNot too skinny and not too baggy, the Levi's 501 features a timeless fit that you'll be able to wear for years to come.$35.70 FROM LEVI'SOriginally $59.50 | Save 40%$35.70 FROM KOHL'SOriginally $59.50 | Save 40%$32.79 FROM AMAZONOriginally $59.50 | Save 45%Levi's 501 Original Fit JeansA blank canvas for self-expression, featuring the iconic straight fit and signature button fly.$58.80 FROM LEVI'SOriginally $98.00 | Save 40%Adidas Adilette Boost SlidesWith full-length Boost soles, these slides are designed for ultimate comfort.$35.70 FROM ADIDAS Originally $60.00 | Save 41%L.L.Bean Wicked Good Slippers - Men'sThis shearling-lined, leather-bottom slipper is one of the best men's slippers we've ever tried.$75.65 FROM L.L.BEANOriginally $89.00 | Save 15%L.L.Bean Wicked Good Shearling-Lined Slides - Women'sThese ridiculously-cozy, shearling-lined slides are easy to slip on and off, and keep your feet toasty around the house.$67.15 FROM L.L.BEANOriginally $79.00 | Save 15%L.L.Bean Toddlers' Wicked Good SlippersEverything we love about L.L.Bean's Wicked Good Slippers — but mini. These shearling-lined, leather-soled booties will keep kid's feet, sizes 3-10, toasty around the house and in a stroller.$33.96 FROM L.L.BEANOriginally $39.95 | Save 15%Lululemon Hooded Define JacketA fan-favorite, now with a hood. Between the technical fabric and a do-anything fit, it's easy to see why this one's a hit. Right now you can save up to 50% on this versatile piece, but sizes are selling out quickly. $64.00 FROM LULULEMONOriginally $128.00 | Save 50%Bombas Women's Gripper Slipper (Sherpa Lined) 2-PackA mix between socks and slippers, Bombas' Gripper Slippers include a cozy sherpa lining and sole grippers to prevent slips. $72.95 FROM BOMBASOriginally $96.00 | Save 24%Columbia Men's Lake 22 Down Hooded JacketThis water-resistant jacket is stocked with 650-fill power down insulation, zippered hand pockets, and a structured hood to keep you zipped up and toasty through any winter weather.$69.98 FROM COLUMBIAOriginally $140.00 | Save 50%Adidas Climacool VentoThe Adidas Climacool Vento features a highly breathable mesh upper to help keep your feet cool.$98.00 FROM ADIDASOriginally $140.00 | Save 30%Nike Adapt Auto MaxThe Nike Adapt Auto Max uses advanced technology to automatically form to your foot without laces.$288.97 FROM NIKEOriginally $400.00 | Save 28%Nike Space Hippie 01The Nike Space Hippie 01 is made from 50% recycled materials and features a lightweight, track-inspired look.$77.56 FROM NIKEOriginally $130.00 | Save 40%Crocs Classic Clog (Unisex)The shoe that really started it all, the Classic Clog is comfortable, breathable, and easy to slip on whenever. With over 20 fun colors to choose from, you can’t go wrong.$39.99 FROM CROCSOriginally $49.99 | Save 20%$27.55 FROM AMAZONDagne Dover Indi Diaper BackpackDagne Dover's Indi Diaper Backpack adds a stylish neutral flair while holding every basic essential.$160.00 FROM DAGNE DOVEROriginally $200.00 | Save 20%Rough Linen St. Barts Linen RobeThe Rough Linen St. Barts Robe is made from top-notch linen that offers a light feel and a cool, casual look.$131.93 FROM ROUGH LINENOriginally $167.00 | Save 21%Kiehl's Since 1851 Avocado Nourishing Hydration MaskWinter is coming, and Kiehls' Avocado Mask is here to provide your skin with hydration all season long. This nourishing treatment infuses your face with avocado and evening primrose oils, offering sumptuous moisture after just one use. Plus, it's green tint is a total throwback. You can save 50% on a jar during Black Friday sale. $21.50 FROM MACY'SOriginally $45.00 | Save 52%Giorgio Armani Lip Magnet Liquid LipstickA liquid lip color that gives you a super matte look, but it's so light it feels like a lip stain. The formula is highly pigmented, smudge-resistant, and comfortable on your lips.$19.00 FROM NORDSTROMOriginally $38.00 | Save 50%Nike Sportswear Essential Fleece PantsMade from soft fleece material, these sweats are perfect for everyday comfort.$48.00 FROM NORDSTROMOriginally $60.00 | Save 20%Thread & Supply Double Breasted PeacoatThis peacoat from Thread & Supply is a classic with a twist. The oversized buttons extend up the lapel to the collar, giving you the option to bundle up if necessary. And if you don't love it in black, never fear — you can save 31% on this coat in black, camel, or light gray. $39.90 FROM NORDSTROMOriginally $58.00 | Save 31%True & Co. True Body Triangle Convertible Strap BraletteThe convertible straps on this wireless bra can be worn either straight or crisscrossed, and the smooth material appears invisible under clothes.$30.80 FROM NORDSTROMOriginally $44.00 | Save 30%Chaps Mens Long Sleeve Button DownMade from an easy-to-care-for cotton blend and a dose of stretch, this men's button-down shirt will keep you looking polished all day.$19.98 FROM WALMARTOriginally $60.00 | Save 67%Nine West Car Coat CardiganThi cozy topper is part coat, part cardigan, and will keep you warm all winter. Save an extra 15% on this cardigan with the code ENJOY15 at checkout.$35.99 FROM KOHL'SOriginally $60.00 | Save 40%When is Cyber Monday?Cyber Monday falls on the Monday after Black Friday every year. In 2021, the shopping event will land on November 29.As a continuation of sorts to Black Friday, Cyber Monday gives shoppers another opportunity to save on tech, home goods, clothing, and more that you might've missed while digesting Thanksgiving dinner. Unlike Black Friday, though, Cyber Monday is entirely online.What time does Cyber Monday start?Cyber Monday officially begins at 12 a.m. ET on November 29. That said, the event is expected to carry over many deals from Black Friday, so some discounts are already available.What is Cyber Monday?Cyber Monday began as the online version of Black Friday, where online retailers offered big discounts to match their brick-and-mortar counterparts. Now, Cyber Monday is one of the biggest shopping days of the year, often surpassing even Black Friday in terms of revenue and sales. Previously, the main distinction between Black Friday and Cyber Monday was that Black Friday focused on in-store sales and Cyber Monday on online sales. But as shopping habits have increasingly favored the internet, shoppers can look forward to a very online-focused Cyber Monday and Black Friday. Cyber Monday offers a great opportunity to save on all your holiday gifts. How long do Cyber Monday sales last? Though Cyber Monday sales once took place on Monday only, we've seen them extend to longer and longer durations, with a handful lasting through the rest of the week. However, the best discounts we see are in limited supply and expire soon after they become available.What's better, Black Friday or Cyber Monday?With more and more buyers shopping online, the debate over which shopping holiday wins, is practically moot. Both events will be held predominantly online, and more than a few deals overlap. In fact, many Black Friday deals become Cyber Monday deals when the dates change. If possible, buyers should shop on both holidays. We've seen different products receive better discounts on each day, and the deals that each retailer offers will vary. Generally speaking, consumers shopping for big-ticket items, such as laptops, TVs, and kitchen appliances, can expect more opportunities on Black Friday. Shoppers looking for last year's models, smart home gadgets, digital subscriptions, and gift cards will likely find more luck during Cyber Monday.What should I buy during Cyber Monday?If a retailer offers Black Friday deals, it's a near guarantee that it will offer Cyber Monday deals, too. Amazon, Best Buy, Target, and Walmart are some noteworthy retailers that we know will participate in the shopping event, with deals across many product categories.We will likely see massive discounts on some of our favorite direct-to-consumer products during Cyber Monday, such as retail startups like Leesa and Brooklinen. For some online stores, Cyber Monday (or Cyber Week) will be one of the few times of the year when their products see major markdowns.Will there be Cyber Monday shipping delays?Shipping delays and shopping holidays are inextricably linked, so there's always a risk of late deliveries.To help you avoid the shipping crunch and get your stuff sooner, several retailers, including Walmart, Target, and Best Buy, offer in-store pickup and contactless curbside pickup. This means shoppers can grab their orders at a nearby location, provided that the retailer has it in stock. Best Cyber Monday deals we saw last yearLast year, we saw a lot of great sales on Cyber Monday ranging from sitewide discounts to specific products. Everything from home and kitchen, to subscription services were on sale during last year's annual savings event.Here are a few of the best Cyber Monday deals from 2020.  Philips Sonicare DiamondClean Classic Rechargeable Electric Toothbrush was $179 from Kohl's, originally $229.FujiFilm Instax Mini 11 Camera Bundle was $70 from Kohl's on Cyber Monday last year, originally $120.Keurig K-Supreme Single Serve K-Cup Pod Coffee Maker was $84 from Target on Cyber Monday last year, originally $140.How we select the best Cyber Monday dealsWe only choose products that meet our high standard of coverage, and that we've either used ourselves or researched carefully.We compare the prices among top retailers such as Amazon, Best Buy, Target, and Walmart and only include the deals that are better than all others offered (not including promotional discounts that come from using certain credit cards).All deals are at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsized value.Read more about how the Insider Reviews team evaluates deals and why you should trust us.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 29th, 2021

Black Friday reports show a drop in online sales, as in-store traffic rebounds from last year but fails to reach pre-pandemic levels

Reports show a mixed performance for the annual shopping holiday, as retailers struggled because of factors including the supply chain crisis and labor shortage. Black Friday shoppers at a mall in Toronto, Canada, on Nov. 26, 2021.Zou Zheng/Xinhua via Getty Images Online sales reached $8.9 billion on Black Friday, slightly below 2020 levels, according to data from Adobe Analytics. Meanwhile, physical store traffic rose significantly from last year, but was still well below pre-pandemic levels.  According to analysts, the mixed performance points to shifting consumer trends like buying earlier, particularly amid the supply chain crisis.  Another Black Friday has come to a close, and early reports show a mixed performance for the annual shopping holiday. While the impact of the coronavirus pandemic dampened 2020 sales, this year's Black Friday faced a number of unique hurdles of its own, including a national labor shortage, widespread supply chain constraints, and the emergence of a new COVID-19 variant.Though retailers made some gains — including in areas like in-store traffic and mobile sales — data shows the industry is still struggling to return to pre-pandemic levels. The findings also indicate a shift in consumer spending patterns, such as starting shopping earlier in the season and taking advantage of newer services like buy-now-pay-later. "Consumers have been shopping strategically this season: Buying early and taking advantage of deals retailers have been promoting since late October," Adobe Digital Insights Director Taylor Schreiner said in a statement on Friday. "Black Friday still remains a major online shopping day, but the surge in online shopping is coming from the less marketed days of the season."We took a closer look at the key findings from Black Friday, below.People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021.Joel Lerner/Xinhua via Getty ImagesIn-store traffic rose, but failed to reach pre-pandemic levelsWhile some shoppers were met with traditional Black Friday scenes of lengthy lines and crowded malls, others reported sparsely populated and fairly quiet stores this year.This mixed bag was also reflected in the traffic numbers: According to data from RetailNext, traffic at brick-and-mortar stores increased by 61% on Black Friday compared to 2020 levels. And while the boost is a marked improvement from last year, in-store traffic was still 27% below pre-pandemic rates in 2019.Likewise, Sensormatic Solutions, a company that tracks physical store traffic, found that while there was a 48% gain over 2020, rates were still 28% lower than 2019. "While in-store shopping is still not back to 2019 levels, more shoppers felt comfortable visiting stores in person this Black Friday than in 2020," Brian Field, senior director of global retail consulting at Sensormatic Solutions, said in a press statement. "One driver of this increased traffic could be ongoing supply chain challenges and shipping delays."Online sales dipped  E-commerce sales reached $8.9 billion on Black Friday, slightly below 2020 levels of $9 billion, according to data from Adobe Analytics.The number was at the low end of Adobe's predicted range, and also came after disappointing flatline sales of $5.1 billion on Thanksgiving Day — marking the first time both days failed to boost year-over-year spending. The sales indicate "another sign that consumers started to shift their spending to earlier in the season, responding to promotions and deals from retailers that started in October," Adobe said.A view of the Afterpay register during Revolve's New York Fashion Week pop-up at Hudson Yards on September 09, 2021 in New York City.Bryan Bedder/Getty Images for REVOLVEBuy-now-pay-later usage surged Buy-now-pay-later (BNPL) services like Klarna and Afterpay have been on the rise, and in recent months several major retailers have opted to integrate the option into point-of-sales both in-store and online.Thanks in part to its newfound ubiquity, BNPL usage is on the rise this holiday season: Accordng to Adobe, total BNPL spending and volume of orders in November is up 422% and 438%, respectively, from 2019 levels. Smartphone browsing is on the riseMobile shopping comprised 44.4% of online sales on Black Friday, an increase of 10.6% year-over-year, according to Adobe.  However, a majority of consumers prefer to browse deals on their phone before making purchases on desktop, with smartphone visits accounting for 62.2% share compared to desktop, an increase of 2.2% from 2020, the data shows.Curbside pickup is still thrivingWhile some pandemic-era shopping habits have fallen away, one remains popular — curbside pickup. According to Adobe, curbside services were used in 20% of all online orders placed on Black Friday. For the month of November, curbside services were up 78% from pre-pandemic levels in 2019. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 28th, 2021

Where to Buy NVIDIA (NVDA) After Earnings

You may only get one shot at this key level, so read this before NVDA reports tonight. NVIDIA NVDA is reporting earnings today after the closing bell and I'm here to tell you in advance where to buy the stock if there is a knee-jerk reaction lower.Why would there be such a reaction?Well, the stock has run hard in the past three weeks since the breakout above $230. And it's not a stretch to say it may be "priced for perfection."Plus, UK regulators are breathing down Jensen's neck about the planned acquisition of Arm Holdings from Softbank.But I think there will be so many buyers lined up waiting to get in -- especially those who sold near $200 -- that you won't get much of a chance.So I have a special plan for you, if you're interested.First, let's talk about the Starship Qualcomm QCOM which dropped some bombs Tuesday on Wall Street during their Investor Day.Here were the summary notes I gave my TAZR Trader members where we were buyers below $130:QCOM CEO Cristiano Amon basically said...Our diversification into multiple semiconductor markets/technologies is going so well, we are going to deliver double-digit revenue growth for the next 5 years. (Cooker's paraphrase)And here were the actual missiles from the Starship QCOM...Qualcomm provided new three-year financial targets, including: QCT (CDMA-mobile) revenues to grow at mid-teens CAGR with 30%+ operating margin by fiscal 2024 and Handset and RF front-end revenues to grow at least in-line with a 12% SAM CAGR by fiscal 2024.The company has two year commitments for smartphone chips from all major customers.Qualcomm expects automotive revenue to rise to nearly $3.5 billion in five years and about $8 billion in 10 years.QCOM expects revenue growth from the Internet of Things (IoT) revenues to reach $9 billion by fiscal 2024.QTL (tech licensing) expected to maintain its current revenue scale and margin profile.The company also expects its addressable opportunity to expand from nearly $100 billion to $700 billion in 10 years as more devices become intelligently connected.Say what?Well, that's just the continuing megatrend of Cooker's Technology Super Cycle and why we believed that QCOM was way undervalued at $125.When I first bought QCOM over the spring and summer, I saw the stock going to $200 in 6-12 months.Here we are. Watch what happens when an analyst or two step up and raise their PT to $250 this week.(end of TAZR subscriber notes from Tuesday evening)Well, I haven't see any $250 price targets yet. But we did get these this morning...KeyBanc: PT to $210 from $185Deutsche Bank: PT $210 from $190Piper Sandler: PT to $225 from $190The even bigger take-away for a Semiconductor industry en fuego is that the growth that QCOM CEO Cristiano Amon envisions is a part of a megatrend of connected, intelligent devices from the home to the car to the factory and every route in between them.And that's good for the picks-and-shovels players too like Applied Materials AMAT and Lam Research LRCX. These wafer fabrication equipment (WFE) makers have seen strong demand for their "silicon slicers" as the chip shortage sees no end.Heads up that Applied Materials reports its FY'21 Q4 earnings on Thursday the 18th.And speaking of Lam Research, it was one of my top picks along with NVIDIA in my 2017 Tech Super Cycle report.Where to Buy NVDA on the DipsI am telling my followers that if they want to scoop a potential bargain, be ready in the after-hours session today when NVIDIA reports. And put some buy orders between $265 and $270.Why there? That was the site of a big gap up November 4. I think there is a very good chance the gap will be filled.But it might only happen during the thin and volatile post-earnings knee-jerk. We may not see those levels on Thursday morning.That's my plan. The video has more info, including a look at Advanced Micro Devices AMD popping to new highs above $150 and how Qualcomm almost let the Swedish ADAS provider Veoneer slip through their fingers.I also say that "as NVDA goes, so goes the SOX." In other words, if NVDA does drop more on Thursday, you could get other great opportunities to buy more AMD or QCOM.Win a Call with Cooker DrawingIf you came here from the YouTube link, I have your code/instructions to enter the "Call with Cooker" drawing: #TechSuperCycleJust go to Twitter and do the following...1. Follow me @KevinBCook2. ReTweet my pinned Tweet with the NVIDIA graphic using the code #TechSuperCycleSee you on Twitter and let's see if you're the next guest on a Call with Cooker!Disclosure: I own shares of NVDA, QCOM, and AMD for the Zacks TAZR Trader portfolio. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 18th, 2021

See the biggest and most ambitious drive-thru concepts from Taco Bell, Burger King, and KFC

Drive-thrus became more important than ever in 2020 as dining rooms closed, and now chains are betting they'll continue to grow. The mobile lane of the drive-thru. Mary Meisenzahl/Insider Several major fast food chains have announced plans for larger drive-thrus with more lanes. Other fast-casual chains are opening their first ever drive-thrus. Drive-thrus became essential for chains in 2020 when dining rooms closed. Burger King announced new minimalist, futuristic restaurant designs last year. Burger King Source: Insider The restaurants will have more options for customers to get their orders conveniently, including drive-thru, drive-in, or curbside pickup. Burger King Source: Insider For drive-in orders, customers park under solar-powered canopies while they wait for workers to bring their food out. Orders are placed by scanning the QR code associated with the parking spot. Burger King Source: Insider The designs also come with redesigned drive-thrus. Burger King Source: Insider Three separate drive-thru lanes are designed to keep traffic moving and get orders out faster. Burger King Source: Insider Burger King's kitchen will be upstairs, above the drive-thru, allowing the restaurant to take up a smaller physical footprint. Conveyor belts will deliver orders to the cars below. Burger King Source: Insider There will even be a lane specifically designated for delivery drivers on motorcycles. Burger King Source: Insider These "restaurant of the future" ideas are for a post-COVID world, but the restaurants are still centered around mobile and drive-thru orders and the idea that people want to get their food as quickly and seamlessly as possibly. Burger King Source: Insider Taco Bell introduced it's own large drive-thru concept this year, with plans to open in 2022. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider Three lanes will be for mobile and delivery orders, serving customers who ordered on the Taco Bell app or another delivery service. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider The concept includes a section for customers to park and order on their phones. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider The fourth drive-thru lane will be more traditional, where customers order and receive their food. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider Mobile order customers, who will presumably make up a higher proportion of customers at this location, can scan their orders with QR codes at digital check-in screens. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider The actual process of getting food "defies gravity," according to Taco Bell. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider Food delivery is contactless through a lift system, along with audio and video connections to Taco Bell staff. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider Taco Bell's kitchen will be elevated above the drive-thru lanes, which minimizes the footprint of the restaurant. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider The new Taco Bell Defy location is scheduled to open in summer 2022 in Brooklyn Park, Minnesota. Taco Bell's new concept is set to open in summer 2022. Taco Bell Source: Insider KFC's Next Generation prototype includes many of the same design ideas as the others. KFC Double drive-thru lanes have become commonplace in the fast food world as drive-thru traffic grew over the last year and a half. KFC KFC also included a digital menu board and overhang to protect from the elements. KFC There are no conveyor belts in this design. Instead, the lines merge together to pay and get their orders at the window. KFC There are reserved spots for picking up mobile orders, though. KFC Other spots are also reserved for delivery drivers. KFC Customers with online orders also have a special entrance to avoid the regular line and get their food. KFC Shake Shack's plans for its first-ever drive-thru are ambitious. Shake Shack Source: Insider It will have three lanes: two traditional lines, and one for orders from the app. Shake Shack Shake Shack plans to roll out up to eight drive-thru sites across the US by mid-2022. Restaurants will have digital menu boards, a two-lane ordering system, and a separate pick-up window for ease of convenience. Shake Shack's drive-thru rendering. Shake Shack Along with the drive-thru, Shake Shack will roll out separate lanes for customers who have pre-ordered digitally, called the "Shake Track." Shake Shack Other chains that haven't traditionally had drive-thrus are getting into the game too. Shake Shack Fast-casual chain Qdoba quickly converted some restaurants into drive-thrus in 2020, with plans to continue adding more. Qdoba Salad chain Sweetgreen announced plans for its first drive-thru, with a "dedicated concierge for in-car ordering," and a typical lane for picking up food at any drive-thru. Sweetgreen concept. Sweetgreen Source: Insider Sweetgreen says it will have solar panels and a "transparent" design to show off the kitchen and prep areas. Sweetgreen concept. Sweetgreen Panera Bread, another fast-casual chain, debuted a design for new drive-thru stores with footprints only one-fifth the size of typical stores. Panera Bread Source: Insider Customers will be able to order from their phones for dine-in, drive-thru, delivery, and rapid pick-up. Panera Bread Do you have a story to share about a retail or restaurant chain? Email this reporter at mmeisenzahl@businessinsider.com. Read the original article on Business Insider.....»»

Category: personnelSource: nytNov 7th, 2021

Towards A Single World Currency

Towards A Single World Currency Authored by James Rickards via DailyReckoning.com, Is the move toward central bank digital currencies real? And, if so, is it the first step toward a global reserve currency that will replace the dollar and euro as currencies of choice in reserve positions of major economies? Well, yes and no. Before I expand on that answer and explain the impact central bank digital currencies will have on the more familiar world of foreign exchange, it’s helpful to say a bit more about what central bank digital currencies (CBDCs) are. CBDCs are not cryptocurrencies. The CBDCs are digital in form, are recorded on a ledger (maintained by a central bank or Finance Ministry), and the message traffic is encrypted. Still, the resemblance to cryptos ends there. The CBDC ledgers do not use blockchain, and CBDCs definitely do not embrace the decentralized issuance model hailed by the crypto crowd. CBDCs will be highly centralized and tightly controlled by central banks. CBDCs are not new currencies. They are the same currencies you already know (dollars, yuan, euros, yen, sterling) in a new form, using new payment channels. They are a technological advance, but they do not replace existing reserve currencies. CBDCs are currently being introduced by major central banks around the world. Countries are at different stages of deployment. China is the furthest along. They have a working prototype of a digital yuan that will be showcased at the Beijing Winter Olympics in February 2022. If you’re there and want to buy tickets, meals, souvenirs or pay for hotel rooms, you’ll be expected to pay with the new digital yuan using a mobile phone app or other digital payment channel. The European Central Bank has also moved quickly on a CBDC version of the euro. They are not yet at the prototype stage, but they have made material advances and are getting close to that stage. Japan and the U.S. are at the back of the line. The Fed has a research and development project underway with MIT to study how a digital dollar might intersect with or even replace the existing dollar payments system (which is already digitized, albeit without a centralized ledger). The U.S. is probably several years away from its own CBDC at best. So, yes, the move toward central bank digital currencies is real. How does this relate to what is sometimes called The Great Reset? This would be the movement toward a single global reserve currency. This movement would be nominally led by the International Monetary Fund acting as a kind of world central bank. Still, the IMF cannot make decisions of this magnitude without U.S. approval. (The U.S. has just enough voting power in the IMF to veto any material decisions it does not like). In turn, U.S. approval would require a global consensus among major economies including China, the UK, Germany, France, Italy, and other members of the G7 and G20. This desire to create true world money would involve the creation of a digital special drawing right (SDR). SDRs are issued by the IMF to member nations and may be issued to other multilateral institutions such as the United Nations. In effect, the IMF has a printing press as powerful as the Fed and ECB printing presses and can flood the world with their world money. Displacing the dollar would involve a meeting and agreement similar to the original Bretton Woods agreement of 1944. The agreement could take many forms. Still, the process would conform to what many call The Great Reset. This process has been underway since 1969 when the SDR was created. Several issues of SDRs were distributed between 1970 and 1981, then none were issued until 2009 in the aftermath of the Global Financial Crisis of 2008. A new issue was distributed earlier this year. Global elites see the COVID pandemic and climate alarm as a two-headed Trojan Horse that can be used to foist SDRs on a global population who have suddenly become accustomed to following government orders. The recent COP26 meeting of elite climate alarmists and heads of state in Glasgow highlighted the use of central bankers and financial regulation to push the alarmist agenda by cutting off lending and underwriting services to energy companies that don’t promote renewables or that pursue oil and gas exploration (go here to learn all about a coming global climate tax, and also, how you can actually profit from it). So, yes, the trend toward a single world currency is real also. Still, things don’t happen that quickly in elite circles. Even Bretton Woods took over two years to design and another five years to implement even under the duress of World War II. The transition from sterling to the U.S. dollar as the leading reserve currency took thirty years from 1914 to 1944. As they say, it’s complicated. At one level, there is no immediate change. A CBDC dollar is still a dollar. A CBDC euro is still a euro. Absent a new Bretton Woods type fixed-exchange rate regime, these currencies would still fluctuate against each other. Our analyses would continue as before. Still, there are three huge changes that could emerge from The Great Reset. The first is that a new global currency regime would be an opportunity to devalue all major currencies in order to promote inflation and steal wealth from savers. All currencies cannot devalue against all other currencies at the same time; that’s a mathematical impossibility. Yet, all currencies could devalue simultaneously against gold. This could easily drive gold prices to $5,000 per ounce or much higher to achieve the desired inflation. EUR/USD might remain around $1.16, but both EUR and USD would be worth far less when measured by weight of gold. This would be an accelerated version of what happened in stages between 1925 and 1933, between 1971 and 1980, and again between 1999 and 2011. The second change would be that CBDCs make it much easier to impose negative interest rates, confiscations, and account freezes on some or all account holders. This can be used for simple policy purposes or as a tool of the total surveillance state. Surveillance of incorrect behavior as defined by the Communist Party is the real driver of the digital yuan more than any aspirations to a yuan reserve currency role. The third change would be the widespread issuance of SDRs and their adoption as the sole global reserve currency. A new Bretton Woods could force countries to hold 100% of their reserves in SDRs, and major corporations could be forced to maintain their books in SDRs. This could lead to a fixed-exchange rate regime with a peg based not on gold but on SDRs. All of these shifts are now underway. Whether they play out over years or mere months remains to be seen. Exact outcomes are uncertain. What is certain is that I will watch developments closely and keep you ahead of the power curve as the elites continue their push toward digital money, world money, and the end of cash. Tyler Durden Fri, 11/05/2021 - 23:00.....»»

Category: personnelSource: nytNov 5th, 2021

IIJ Announces its First Six Months Results for the Fiscal Year Ending March 31, 2022

TOKYO, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. ("IIJ", TSE1: 3774) today announced its consolidated financial results for the first six months for the fiscal year ending March 31, 2022 ("1H21", from April 1, 2021 to September 30, 2021) under International Financial Reporting Standards (IFRS)1. Highlights of Financial Results for 1H21 Total revenues JPY109.1 billion up 7.3 % YoY2   Gross profit JPY23.1 billion up 32.3 % YoY   Operating profit JPY9.3 billion up 77.6 % YoY   Profit before tax JPY10.4 billion up 133.6 % YoY   Net profit3 JPY6.9 billion up 148.8 % YoY                 New Financial Targets for FY2021 (Revised on November 5, 2021)   Original Target Total revenues JPY228.5 billion up 7.3 % YoY JPY226.0 billion Operating profit JPY22.0 billion up 54.4 % YoY JPY17.5 billion Profit before tax JPY21.5 billion up 53.2 % YoY JPY17.3 billion Net profit JPY13.7 billion up 41.1 % YoY JPY11.7 billion Annual Cash Dividend JPY46.00                 per share of common stock JPY39.00   Overview of 1H21 Financial Results and Business Outlook "Along with our profit growth, we revised our FY2021 full-year financial targets upward as well as increased both interim and year-end cash dividend forecast. Accordingly, we updated our FY2023 operating margin target in our mid-term plan, which was disclosed on May 12, 2021, upward from over 9% to over 10%. Under the ongoing expansion of IT utilization by Japanese enterprises, our operating profit has been structurally increasing. This has been achieved mainly by the accumulation of various enterprise network services line-ups that we have been continuously developing for almost 30 years. As a pioneer in building Internet in Japan in the early 1990s, we have maintained our innovative corporate culture which continuously encourages us to proactively take on new initiatives. We believe that this advantage allows us to have further business opportunities in our future," said Koichi Suzuki, Founder and Chairman of IIJ. "As for 1H21 financials, we achieved year over year operating profit growth of 77.6%, which exceeded our initial forecast under the continuous demands from various industries in Japan for both network services and systems integration. We continuously accumulated monthly recurring revenues, 84.5% of 1H21 total revenue, brought by the revenues growth in network services, such as IP services4 and outsourcing services. With regard to systems integration which includes our new subsidiary PTC5 in Singapore, we strongly accumulated order-received for systems construction which increased by 24.4% year over year," said Eijiro Katsu, President of IIJ. "We will be listed in the ‘Prime Market' under the new market segments of the Tokyo Stock Exchange6 next April. We are going to advance our long-term business strategy, and also continue to have strong focus on corporate governance to achieve sustainable growth. Our mission is always to contribute to the development of a networked society in Japan by technology innovation. Through our business expansion, we would like to continue to respond sincerely to the trust and expectations of our stakeholders," concluded Katsu. 1H21 Financial Results Summary We have omitted segment analysis because most of our revenues are dominated by network services and systems integration (SI) business. Operating Results Summary     1H20 1H21 YoY Change     JPY millions JPY millions %  Total revenues 101,665   109,054   7.3      Network services 62,104   63,436   2.1      Systems integration (SI) 38,167   44,209   15.8      ATM operation business 1,394   1,409   1.0    Total costs (84,210 ) (85,969 ) 2.1      Network services (49,896 ) (46,754 ) (6.3 )    Systems integration (SI) (33,390 ) (38,340 ) 14.8      ATM operation business (924 ) (875 ) (5.3 )  Total gross profit 17,455   23,085   32.3      Network services 12,208   16,682   36.7      Systems integration (SI) 4,777   5,869   22.9      ATM operation business 470   534   13.5    SG&A, R&D, and other operating income (expenses) (12,216 ) (13,781 ) 12.8    Operating profit 5,239   9,304   77.6    Profit before tax 4,466   10,432   133.6    Profit for the period attributable to owners of the parent 2,770   6,892   148.8   (Note) Systems integration includes equipment sales.               Segment Results Summary     1H20 1H21     JPY millions JPY millions  Total revenues 101,665   109,054      Network services and SI business 100,360   107,712      ATM operation business 1,394   1,408       Elimination (89 ) (66 )  Operating profit 5,239   9,304      Network services and SI business 4,923   8,933      ATM operation business 378   417       Elimination (62 ) (46 )             1H21 Revenues and ProfitRevenuesTotal revenues were JPY109,054 million, up 7.3% YoY (JPY101,665 million for 1H20). Network services revenue was JPY63,436 million, up 2.1% YoY (JPY62,104 million for 1H20). Revenues for Internet connectivity services for enterprises were JPY18,813 million, down 4.3% YoY from JPY19,650 million for 1H20. The decrease was mainly due to the decrease in IIJ Mobile Platform service revenue, which was in the response to the reduction in procurement cost, while revenues of IP services and Enterprise mobile services increased. Revenues for Internet connectivity services for consumers were JPY12,196 million, down 5.4% YoY from JPY12,885 million for 1H20, mainly due to reduction in unit price of our consumer mobile services. Revenues for WAN services were JPY12,881 million, up 4.4% YoY from JPY12,336 million for 1H20. Revenues for Outsourcing services were JPY19,546 million, up 13.4% YoY from JPY17,233 million for 1H20, mainly due to an increase in security-related services revenues. Network Services Revenues Breakdown         1H20   1H21   YoY Change         JPY millions   JPY millions   %  Total network services 62,104   63,436   2.1      Internet connectivity services (enterprise) 19,650   18,813   (4.3 )     IP services (including data center connectivity services) 5,849   6,622   13.2       IIJ Mobile Services 12,035   10,284   (14.5 )       Enterprise mobile service (IoT usages etc.) 3,484   4,839   38.9         IIJ Mobile MVNO Platform service (MVNE) 8,551   5,445   (36.3 )     Others 1,766   1,907   8.0      Internet connectivity services (consumer) 12,885   12,196   (5.4 )     IIJmio Mobile Services 11,549   10,741   (7.0 )     Others 1,336   1,455   8.9      WAN services 12,336   12,881   4.4      Outsourcing services 17,233   19,546   13.4                     Number of Contracts and Subscription for Connectivity Services (Note 1)         As of Sep. 30, 2020   As of Sep. 30, 2021   YoY Change   Internet connectivity services (enterprise) 2,180,704   2,301,380   120,676     IP service (greater than or equal to 1Gbps) (Note2) 778   757   (21 )   IP service (less than 1Gbps) (Note2) 1,239   1,211   (28 )     IIJ Mobile Services 2,090,428   2,210,095   119,667         Enterprise mobile service (IoT usages etc.) 967,548   1,218,375   250,827        IIJ Mobile MVNO Platform service (MVNE) 1,122,880   991,720   (131,160 )     Others 88,259   89,317   1,058     Internet connectivity services (consumer) 1,384,933   1,416,927   31,994       IIJmio Mobile Services 1,044,681   1,072,107   27,426       Others 340,252   344,820   4,568   Total contracted bandwidth (Gbps) (Note 3) 5,869.0   7,279.7   1,410.7   (Notes)               1. Numbers in the table above show number of contracts except for "IIJ Mobile Services (enterprise)" and "IIJmio Mobile Services" which show number of subscriptions. 2. The numbers of IP service contracts include the numbers of IIJ data center connectivity service contracts.       3. Total contracted bandwidth is calculated by multiplying number of contracts under "Internet connectivity services (enterprise)" except for "IIJ Mobile Services" and the contracted bandwidths of the services respectively.     SI revenues, including equipment sales, were JPY44,209 million, up 15.8% YoY (JPY38,167 million for 1H20).Systems construction and equipment sales, a one-time revenue, was JPY15,472 million, up 18.8% YoY (JPY13,020 million for 1H20). Of this amount, revenue of PTC was JPY2,586 million.Systems operation and maintenance revenue, a recurring revenue, was JPY28,737 million, up 14.3% YoY (JPY25,147 million for 1H20), mainly due to continued accumulation of systems operation orders as well as an increase in private cloud services' revenues. Of this amount, revenue of PTC was JPY1,055 million. Orders received for SI, including equipment sales, totaled JPY46,503 million, up 7.4% YoY (JPY43,291 million for 1H20); orders received for systems construction and equipment sales were JPY18,865 million, up 24.4% YoY (JPY15,159 million for 1H20), and orders received for systems operation and maintenance were JPY27,638 million, down 1.8% YoY (JPY28,131 million for 1H20). Order backlog for SI, including equipment sales, as of September 30, 2021 amounted to JPY68,949 million, up 13.1% YoY (JPY60,988 million as of September 30, 2020); order backlog for systems construction and equipment sales was JPY12,561 million, up 30.2% YoY (JPY9,646 million as of September 30, 2020) and order backlog for systems operation and maintenance was JPY56,388 million, up 9.8% YoY (JPY51,341 million as of September 30, 2020). ATM operation business revenues were JPY1,409 million, up 1.0% YoY (JPY1,394 million for 1H20). Cost of salesTotal cost of sales was JPY85,969 million, up 2.1% YoY (JPY84,210 million for 1H20). Cost of network services revenue was JPY46,754 million, down 6.3% YoY (JPY49,896 million for 1H20), mainly due to a decrease in outsourcing costs. Gross profit was JPY16,682 million, up 36.7% YoY (JPY12,208 million for 1H20), and gross profit ratio was 26.3% (19.7% for 1H20). Cost of SI revenues, including equipment sales was JPY38,340 million, up 14.8% YoY (JPY33,390 million for 1H20), mainly due to increases in outsourcing and purchasing costs. The amount included PTC's cost of JPY3,321 million. Gross profit was JPY5,869 million, up 22.9% YoY (JPY4,777 million for 1H20) and gross profit ratio was 13.3% (12.5% for 1H20).Cost of ATM operation business revenues was JPY875 million, down 5.3% YoY (JPY924 million for 1H20). Gross profit was JPY534 million (JPY470 million for 1H20) and gross profit ratio was 37.9% (33.7% for 1H20).        Selling, general and administrative expenses and other operating income and expensesSelling, general and administrative expenses, including research and development expenses, totaled JPY13,790 million, up 13.7% YoY (JPY12,124 million for 1H20), mainly due to increases in personnel-related expenses, advertising expenses and sales commission expenses. Of this amount, PTC's expenses was JPY207 million.Other operating income was JPY93 million (JPY80 million for 1H20). Other operating expenses was JPY84 million (JPY172 million for 1H20), mainly due to disposal loss on fixed assets. Operating profitOperating profit was JPY9,304 million (JPY5,239 million for 1H20), up 77.6% YoY. Finance income and expenses, and share of profit (loss) of investments accounted for using equity methodFinance income was JPY1,772 million, compared to JPY109 million for 1H20. It included valuation gains on financial instruments, mainly related to funds, of JPY1,692 million (loss of JPY141 million for 1H20). Finance expense was JPY272 million, compared to JPY469 million for 1H20. It included interest expenses of JPY272 million (JPY296 million for 1H20). Share of loss of investments accounted for using equity method was JPY372 million (compared to loss of JPY413 million for 1H20), mainly due to loss of DeCurret Inc. of JPY552 million. Profit before taxProfit before tax was JPY10,432 million (JPY4,466 million for 1H20), up 133.6% YoY. Profit for the periodIncome tax expense was JPY3,474 million (JPY1,656 million for 1H20). As a result, profit for the period was JPY6,958 million (JPY2,810 million for 1H20), up 147.6% YoY. Profit for the period attributable to non-controlling interests was JPY66 million (JPY40 million for 1H20), mainly related to net income of Trust Networks Inc.  Profit for the period attributable to owners of parent was JPY6,892 million (JPY2,770 million for 1H20), up 148.8% YoY. Financial Position as of September 30, 2021As of September 30, 2021, the balance of total assets was JPY222,729 million, increased by JPY1,952 million from the balance as of March 31, 2021 of JPY220,777 million. As of September 30, 2021, the balance of current assets was JPY89,322 million, decreased by JPY4,082 million from the balance as of March 31, 2021 of JPY93,405 million. The major breakdown of balance and fluctuation of current assets was: a decrease in cash and cash equivalents by JPY2,672 million, including payment of the acquisition of PTC, to JPY39,795 million, a decrease in trade receivables by JPY3,978 million to JPY30,821 million and an increase in prepaid expenses by JPY2,566 million, of which JPY1,266 million is related to the acquisition of PTC, to JPY13,165 million. As of September 30, 2021, the balance of non-current assets was JPY133,407 million, increased by JPY6,034 million from the balance as of March 31, 2021 of JPY127,373 million. As for the major breakdown of balance and fluctuation of non-current assets, tangible assets increased by JPY745 million to JPY17,829 million. Right-of-use assets, which include right to use leased assets under operating lease contracts such as office and data centers and assets under finance lease contracts such as data communication equipment, decreased by JPY2,974 million to JPY47,734 million, mainly due to depreciation. Goodwill increased by JPY3,182 million to JPY9,264 million, due to the acquisition of PTC. Prepaid expenses increased by JPY1,145 million to JPY10,682 million, including an increase of JPY1,055 million related to the acquisition of PTC. The amount of other investments was JPY17,731 million, increased by JPY4,819 million mainly due to fluctuation of fair value of our holding marketable equity securities and funds. As of September 30, 2021, the balance of current liabilities was JPY70,031 million, decreased by JPY3,228 million from the balance as of March 31, 2021 of JPY73,259 million. As for the major breakdown of balance and fluctuation of current liabilities, trade and other payables decreased by JPY2,502 million to JPY16,742 million. Borrowings decreased by JPY1,855 million to JPY16,705 million, due to an increase of JPY1,480 million in short-term borrowings, a decrease by JPY4,085 million from repayment of long-term borrowings and an increase of JPY750 million due to a transfer from non-current liabilities. Contract liabilities increased by JPY2,055 million to JPY9,157 million, including an increase of JPY1,456 million related to the acquisition of PTC. Other financial liabilities decreased by JPY522 million to JPY17,357 million. As of September 30, 2021, the balance of non-current liabilities was JPY54,451 million, decreased by JPY2,095 million from the balance as of March 31, 2021 of JPY56,547 million. As for the major breakdown of balance and fluctuation of non-current liabilities, long-term borrowings decreased by JPY750 million to JPY6,250 million due to a transfer to current portion. Contract liabilities increased by JPY293 million to JPY7,537 million, of which JPY1,192 million was an increase related to the acquisition of PTC. Other financial liabilities decreased by JPY2,830 million to JPY32,818 million, mainly due to a transfer to current portion. As of September 30, 2021, the balance of total equity attributable to owners of the parent was JPY97,215 million, increased by JPY7,258 million from the balance as of March 31, 2021 of JPY89,956 million. Ratio of owners' equity to total assets was 43.6% as of September 30, 2021. 1H21 Cash FlowsCash and cash equivalents as of September 30, 2021 were JPY39,795 million (JPY41,602 million as of September 30, 2020). Net cash provided by operating activities for 1H21 was JPY18,865 million (net cash provided by operating activities of JPY21,498 million for 1H20). There was profit before tax of JPY10,432 million, depreciation and amortization of JPY13,266 million, including JPY5,035 million of depreciation of right-of-use operating lease assets under IFRS 16, and income taxes paid of JPY3,352 million, compared to JPY2,045 million for 1H20. Regarding changes in working capital, there was net cash out of JPY399 million compared to net cash in of JPY4,022 million for 1H20. As for the major factors in comparison with 1H20, there were increases in payment of current liabilities, such as trade payable and other liabilities. The increase in net cash-outflow related to these factors exceeded the increase in cash-inflow due to a decrease in trade and other receivable and an increase in contract liabilities. Net cash used in investing activities for 1H21 was JPY8,185 million (net cash used in investing activities of JPY6,547 million for 1H20), mainly due to payments for purchases of tangible assets of JPY4,164 million (JPY2,754 million for 1H20), payments for purchases of intangible assets, such as software, of JPY2,167 million (JPY2,772 million for 1H20), payments for the acquisition of PTC (net of its cash) of JPY2,612 million and proceeds from sales of tangible assets, which include sale and leaseback, of JPY1,011 million (JPY1,448 million for 1H20). Net cash used in financing activities for 1H21 was JPY13,402 million (net cash used in financing activities of JPY11,969 million for 1H20), mainly due to payments of other financial liabilities of JPY8,989 million (JPY10,390 million for 1H20), which included payments under operating lease contracts such as office rent and finance lease contracts such as network equipment, repayments of long-term bank borrowings of JPY4,085 million (JPY915 million for 1H20), dividends paid of JPY1,759 million (JPY609 million for 1H20) and net increase in short-term borrowings of JPY1,480 million. Upward revision of FY2021 Financial TargetsWe have revised our FY2021 financial targets and dividend forecast announced on May 12, 2021. For details, please ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzingaNov 5th, 2021

Futures Hit Fresh All-Time Highs, Treasuries Rise On Post-Fed Euphoria

Futures Hit Fresh All-Time Highs, Treasuries Rise On Post-Fed Euphoria US equity futures plowed on to record-er highs overnight, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve's first steps to begin paring its pandemic-era support as Powell reiterated that the central bank can be patient on raising interest rates (even if rate hikes odds pricing in lliftoff in July were virtually unchanged after Powell's announcement). The Fed Chair announced Wednesday that the central bank will start reducing bond purchases, adding that officials won’t flinch from action if warranted by inflation. The U.S. dollar and Treasuries advanced. “There was no dramatic Hulk-like metamorphosis from the Fed last night as they kept close to expectation," DB's Jim Reid said in a note. At 730 a.m. ET, Dow e-minis were down 7 points, or 0.02%, S&P 500 e-minis were up 6.75 points, or 0.15%, having earlier tagged a record high 4,662.5, and Nasdaq 100 e-minis were up 61.25 points, or 0.39%. The U.S. dollar and Treasuries advanced. The S&P 500 and Nasdaq notched record all-time closes for their fifth straight sessions on Wednesday, while the Dow Jones Industrial Average posted a record close for the fourth session in a row. A cheery third quarter earnings season coupled with upbeat commentary about future growth from corporate America has helped Wall Street largely dismiss concerns around rising prices, supply chain snags and a mixed macro-economic picture. A widely expected move by the Fed on announcing its plan to start tapering its monthly bond purchases beginning this month, while sticking to the belief about the "transitory" nature of inflation and waiting for more job growth - before raising interest rates, also helped sentiment. Fed policy makers announced a stimulus-tapering plan as expected, but expressed no hurry to raise benchmark rates even though inflation may run hot for months. While that supported risk-taking in stock markets, a second-day reality check appeared to have emerged in the bond and currency markets. A tug-of-war looked set to continue between dovish central banks and markets pricing in quicker-than-expected rate hikes. Data due at 08:30 a.m. ET is expected to show the number of Americans filing new claims for unemployment benefits fell to a fresh 19-month low last week; It will be followed by a more comprehensive nonfarm payrolls report on Friday: "The risks are now skewed towards the (payrolls data) finally aligning with signals elsewhere in the U.S. economy, after a few months of disappointments," said Jeffrey Halley, senior market analyst, at OANDA. "A number north of 500K could cause equity markets to reconsider ignoring the implications of the Fed taper. Similarly, a low print will keep the lower-for-longer monetary party in equities going well into the night." Elsewhere, U.S. Representative Rick Larsen said on Wednesday his fellow House Democrats could complete votes on President Joe Biden's social spending and infrastructure bills as early as midday on Friday In premarket trading, shares of Qualcomm jumped 8.1% after the chipmaker forecast better-than-expected profit and revenue for its current quarter on soaring demand for chips used in phones, cars and other internet-connected devices. Tesla added 1.9% and was set for a record open, while mega-cap tech titans GAMMA (f/k/a FAAMG) edged higher. Oil firms including Exxon and Chevron rose 0.9% and 0.5%, respectively, tracking crude prices. Biotech darling Moderna imploded as much as 11% after it missed expectations and guided sharply lower. Here are some of the biggest U.S. movers today: Qualcomm (QCOM US) gains 8% premarket as results at the chip giant showed a robust performance against a backdrop of supply constraints, while strength in Android handsets is underpinning growth. Booking (BKNG US) gained 3.7% in post-market trading Wednesday after the company reported gross bookings that beat analysts’ forecasts, as an increase in Covid-19 vaccination rates helped spur a rebound. Roku (ROKU US) falls 7% in premarket after third-quarter results that missed expectations on key metrics for the maker of streaming equipment. Upland Software (UPLD US) slumps 22% in premarket after results, with Jefferies downgrading the stock as it’s the third quarter in a row the firm has not delivered a beat on the top line. Skilz (SKLZ US) drops as much as 13% in premarket after the mobile games platform operator reported a net loss for the third quarter. TDH (DOGZ US) surges as much as 173% in U.S. premarket trading after the pet food firm and meme-trader favorite announced a placement. Magnite (MGNI US) falls 10% in premarket after the advertising solutions firm reported adjusted revenue for the third quarter that lagged behind the average analyst estimate. Qorvo (QRVO US) falls 7% in premarket trading after a sales forecast for the communications systems-maker that fell short of the average analyst estimate. Fastly (FSLY US) jumped 11% in premarket after the infrastructure software maker reported quarterly revenue that surpassed the average analyst estimate after misses in the past two quarters. QuinStreet (QNST US) climbs 21% premarket as the online marketing company raises its full year outlook. European stocks popped higher on the open, then drifted off best levels. The Euro Stoxx 50 rose as much as 0.7% with real estate, oil & gas and healthcare the strongest sectors. Alstria Office REIT AG soared as much as 20% after Brookfield Asset Management Inc. made a bid to take it private. Earlier in the session, Asian stocks rose, headed for their first gain in three days, after the Federal Reserve moved to taper stimulus while saying it will be patient on raising interest rates.  The MSCI Asia Pacific Index climbed as much as 0.7%, driven by gains in technology shares including Tencent, Alibaba and Keyence. Japan and China led gains around the region, with stocks also climbing in Indonesia, Thailand and Hong Kong. The Fed indicated it was alert to inflation risks but still sees them as transitory due to pandemic-related supply and demand imbalances. The S&P 500 climbed to a fresh record high after the Fed comments, pushing its gain for 2021 to 24%, while the Asian benchmark is little changed on the year. “The Fed seems to create market expectations that the decoupling of asset purchases reduction and rate hikes remains intact,” said Banny Lam, head of research at CEB International Investment Corp. “Widening negative real interest rates also provide continued support to Asian equities.” Markets in Singapore, India and Malaysia are closed for holidays In Australia, the S&P/ASX 200 index rose 0.5% to close at 7,428.00, boosted by banks, real estate and technology shares. Eight of the 11 industry groups closed higher. Nib rose after the insurance provider reported premium revenue A$669.5 million, up 8.5% year on year. Domino’s Pizza plunged after the pizza chain operator outlined some inflationary risks for 2022 and flagged weaker sales in Japan. Australia’s bright trade picture was underpinned by strong commodities exports. September trade data revealed the surplus narrowing to A$12.2 billion, after an estimated A$12.4 billion. In New Zealand, the S&P/NZX 50 index fell 0.4% to 12,943.94 In FX, the Bloomberg Dollar Spot Index recovered Wednesday’s drop and advanced 0.3% versus all of its Group-of-10 peers apart from the yen amid speculation that a buoyant U.S. economy will support the currency. The Bloomberg Dollar index erased its losses this week, staying within a bullish technical range it has traded in since June. The Treasury curve bull-flattened with U.S. 10-year Treasury yields falling 3bps to 1.57%. “Dollar-yen looks to be finding some support” as it seems reasonable to expect Treasury yields to trend higher, said Sean Callow, senior currency strategist at Westpac. The Fed “may not be moving any more swiftly than expected to the exit from emergency levels of policy accommodation, but it is still exiting,” Ryan Wang, a U.S. economist at HSBC Holdings Plc, wrote in a note. “This should be enough to support the dollar against a number of currencies where central-bank guidance is more overtly dovish. The continued moderation in global activity is also likely to support the USD.” The euro fell to its weakest level this week and was the worst performer among G-10 currencies; European bond yields fell, led by the short end. The pound fell against a stronger dollar and gained against the euro as investors weighed up the Bank of England’s upcoming monetary policy announcement. The pound’s volatility skew versus the dollar has shifted modestly higher this week ahead of the Bank of England policy decision, yet remains deeply in favor of downside exposure. Norway’s krone extended losses against both the dollar and the euro, even as Norges Bank left its key rate unchanged at 0.25% as expected while reitirating that the policy rate will most likely be raised in December. In rates, curves flattened as 5-, 10- and 30-year bond yields fell at least two basis points each on Thursday, while the two-year rate was little changed. Treasuries were higher with the curve flatter, erasing a portion of Wednesday’s post-FOMC bear-steepening losses. The 10-year yield was richer by ~3bp at 1.57%, outperforming bunds by ~2bp, gilts by ~1bp; Bank of England rate decision priced into overnight swaps is a hike, while analysts favor no change. Treasuries outperformed European bond markets, with stock futures holding Wednesday’s record highs. Bank of England rate decision at 8am ET may deliver first increase since the pandemic. U.S. curves were flatter, unwinding some of Wednesday’s steepening, with 2s10s tighter by ~2bp. In commodities, crude futures rally, recouping over half of Wednesday’s losses. WTI rises 0.9% to regain a $81-handle, Brent adds over 1% before stalling near $83 ahead of OPEC+ gathering. Spot gold holds Asia’s narrow range near $1,775/oz. Base metals are mixed: LME copper and nickel are the best performers; tin and zinc are in the red. Looking at the day ahead now, and the highlight will be the aforementioned BoE meeting, while there’ll also be remarks from ECB President Lagarde, the ECB’s de Cos, Elderson and Schnabel, and BoE Deputy Governor Cunliffe. On the data side, releases include German factory orders for September, the Euro Area October services and composite PMIs and September PPI reading, whilst from the US there’s the September trade balance and the weekly initial jobless claims. Lastly, the OPEC+ group will be meeting to discuss output, and earnings releases today include Moderna, Square, Airbnb, Uber, Duke Energy and Regeneron. Market Snapshot S&P 500 futures up 0.1% to 4,659.50 STOXX Europe 600 up 0.5% to 483.53 MXAP up 0.6% to 199.02 MXAPJ up 0.4% to 647.67 Nikkei up 0.9% to 29,794.37 Topix up 1.2% to 2,055.56 Hang Seng Index up 0.8% to 25,225.19 Shanghai Composite up 0.8% to 3,526.87 Sensex down 0.4% to 59,771.92 Australia S&P/ASX 200 up 0.5% to 7,427.99 Kospi up 0.3% to 2,983.22 German 10Y yield little changed at -0.18% Euro down 0.5% to $1.1551 Brent Futures up 0.8% to $82.57/bbl Gold spot up 0.3% to $1,776.28 U.S. Dollar Index up 0.37% to 94.21 Top Overnight News from Bloomberg The Bank of England will decide Thursday whether to deliver its first interest-rate hike since the pandemic as a divided Monetary Policy Committee grapples with spiking inflation and slowing growth The U.S. is asking OPEC+ to increase output by as much as 800,000 barrels a day, said delegates and diplomats, but the organization is expected to stick to its planned gradual increase, according to a Bloomberg survey Investors are hoping the Federal Reserve can manage the path toward rate hikes as smoothly as its taper announcement, according to strategists, who are cautiously optimistic the coming months will see moderate advances for yields, the dollar and equities. Friday’s labor report is seen as the next flash point for markets, given rates traders remain relatively aggressive about the need for Chair Jerome Powell to avoid being overly patient about hiking borrowing costs Bank of Japan Governor Haruhiko Kuroda and Prime Minister Fumio Kishida helped further shore up the nation’s commitment to its 2% inflation goal and tamp down any lingering speculation of a rethink of the target or tapering plans Having abandoned its experimental bond-yield target two days ago, the Reserve Bank of Australia is now left with the trusty old tools of policy making -- facing traders who still reckon it’s behind the curve Here is a more detailed breakdown of global markets courtesy of Newsquawk Asia-Pac stocks traded higher amid tailwinds from the fresh record highs stateside in the aftermath of the FOMC where the Fed announced it is to begin tapering asset purchases but suggested it was in no rush to hike rates. ASX 200 (+0.5%) was kept afloat by advances in tech and financials but with gains in the index capped after weak Retail Sales data and rising COVID-19 cases for Australia’s most populous states, while the energy sector underperformed after oil prices tumbled 4.5% yesterday due to bearish inventory data and the announcement that Iran nuclear talks will resume on November 29th in Vienna. Nikkei 225 (+0.9%) was buoyed on return from holiday as it coat-tailed on the recent advances in USD/JPY and with Japan mulling easing border controls as soon as next Monday, with Toyota also holding on to gains after a jump in H1 profits and JPY 150bln buyback announcement, although the Nikkei finished well off intraday highs after stalling on approach to the 30k level. Hang Seng (+0.8%) and Shanghai Comp. (+0.8%) conformed to the broad upbeat mood but was slow to start after another substantial liquidity drain by the PBoC despite the suggestion by Chinese press that recent reverse repo action showed stabilisation efforts. In addition, COVID-19 concerns continued to linger with Beijing having suspended inbound trains from 23 regions to curb the spread of the virus, while there was also attention on the geopolitical front after the US Department of Defense warned that China’s nuclear stockpile is outpacing forecasts and with China conducting week-long live-fire drills in the East China Sea. Finally, 10yr JGBs were steady with only a slight pullback seen from yesterday’s advances and with prices largely ignoring the subdued picture in T-notes which were pressured heading into the Fed taper announcement, while JGBs were also kept afloat after the 10yr inflation-indexed auction from Japan which showed an increase in both the b/c and lowest accepted prices. Top Asian News From Pianos to Paint, the Chip Crunch Is Hurting Japan Earnings Toyota’s Swelling Profits Belie Global Auto Parts Shortages EU Lawmakers’ Call for High Level Taiwan Ties Defies China Shimao Halts Retail Investors’ Bids for Local Bonds After Plunge Stocks in Europe hold onto the positive bias (Euro Stoxx 50 +0.4%; Stoxx 600 +0.5%) - which originally emanated from the post-FOMC Wall Street session and later reverberated across APAC. US equity futures have been consolidating following yesterdays post-Powell ramp, with the NQ (+0.4%) outperforming the RTY (+0.2%), ES (+0.1%) and YM (Unch). Back to Europe, bourses are posting broad-based gains in what was a morning doused in European corporate updates, whilst the UK’s FTSE 100 (+0.4%) is on standby for the BoE policy decision (full preview available in the Newsquawk Research Suite). Sectors in Europe are mostly firmer with no real overarching bias. Oil & Gas lead the gains following yesterday’s underperformance and in the run-up to the JMMC/OPEC+ meetings later today. Healthcare meanwhile is boosted by pharma-behemoths Roche (+2.5%) and Novartis (+1.6%) after the firms agreed on a bilateral transaction for the sale of 53.3mln (approximately 33%) Roche bearer shares held by Novartis for a total consideration of USD 20.7bln. This in turn has pushed the SMI (+0.8%) to modestly outperform the region. The Telecoms sector is also buoyed by BT (+5.7%) amid constructive earnings, but gains for the sector are capped Telefonica (-1.6%), who hold a larger sector weighting, following their metrics. The morning has been busy in terms of bank earnings, although the sector is constrained by yield dynamics. Nonetheless, SocGen (+3.3%), ING (+1.1%), Commerzbank (+5.2%) and Credit Suisse (+0.7%) all reported today – with the latter also announcing the exit of its prime brokerage activities and will be shifting its focus on to its wealth management business in a bid to better manage risks. Over to the consumer sector, Sainsbury’s (-4.3%) trundles lower after flagging complications from supply chain issues. Finally, in terms of M&A, Alstria Office (+17.5%) soars after Brookfield offered to buy the Co. for EUR 19.50/shr in cash, a premium to yesterday’s EUR 16.62/shr closing price. Top European News Brookfield Enters German Real Estate Fray With Bid for Alstria Credit Suisse Flags Loss Next Quarter to Cap Year to Forget Novartis Unwinds Roche Ties With $20.7 Billion Stake Sale Aston Martin Counts on $3 Million Valkyrie as SUV Drives Rebound In FX, the Dollar has erased all and more of its initial or knee-jerk declines in wake of the FOMC policy meeting that confirmed the start of QE tapering in a few days' time at the pre-announced pace, but kept clear distance between the unwinding of asset purchase and rate lift-off. However, there was a subtle tweak to the language regarding inflation to indicate less of a transitory assessment and Fed chair Powell refrained from using the ‘t’ word in his press conference before responding to a question by saying that it is also used to convey the view that prices rises caused by bottlenecks and supply-demand imbalances will not leave a legacy of persistently higher inflation. In index terms, a marginally higher peak at 94.280 vs 94.217 at best on Wednesday follows a fractionally higher low of 93.818 vs 93.809 and brings Monday’s w-t-d apex (94.313) back into contention ahead of Challenger Lay-offs, jobless claims, trade data and Q3 labour costs that were highlighted by Powell as a key gauge of tightness in the labour market, which he expected to reach max employment levels by mid-2022. EUR - Mixed Eurozone services and composite PMIs have not afforded the Euro any protection from the aforementioned Greenback revival, while the yield backdrop is also weighing as EGB/UST spreads widen, but Eur/Usd might glean some support from option expiries as 1.1 bn resides at 1.1550 and 1.1525. Moreover, the headline pair has found underlying bids around the half round number and a recent trough comes in at 1.1535 (October 29) ahead of the double 2021 low of 1.1525. GBP - Sterling is also succumbing to the broad Buck bounce, but also treading cautiously into the BoE amidst a marked unwind of rate hike pricing via Short Sterling contracts alongside a recovery in UK debt. Cable is hovering around 1.3620 having pulled up just shy of 1.3700 and options are anticipating an 80 pip break-even for the live MPC event that is far from certain even though ‘markets’ are anticipating a 15 bp hike. Note also, implied volatility on the Eur/Gbp straddle suggests a 43 pip move either way, though the cross may also be prone to movement from the current 0.8491-65 range pending developments in France where Brexit Minister Frost is aiming to untangle crossed lines over fishing licences. NZD/AUD/CAD - The Kiwi, Aussie and Loonie are all weaker vs their US counterpart, with Nzd/Usd and Aud/Usd hovering in the low 0.7100s and 0.7400s respectively, and the latter not far off post-RBA reversal lows after downbeat Q3 retail sales and exports within the overall trade balance overnight. Meanwhile, only a tame rebound in crude prices appears to be capping Usd/Cad around a 1.2400 axis in advance of Canadian trade and the jobs face-off with the US on Friday. CHF/JPY - Relative outperformers, or at least holding up better than other majors in the face of the Dollar rebound, as the Franc meanders between 0.9144-11 irrespective of a deterioration in Swiss consumer sentiment and the Yen contains losses below 114.00 on the return of Japanese markets from Culture Day to a benign bond backdrop overall. Note, hefty option expiry interest may keep Usd/Jpy restrained as 2.1 bn sits at the round number and a further 1.8 bn at 114.30. In commodities, WTI and Brent front-month futures have firmer on the day as the benchmarks clamber off yesterday’s worst levels despite the rampant Dollar and in the run-up to the JMMC and OPEC+ meetings slated for 13:00GMT and 14:00GMT respectively (full preview available in the Newsquawk Research Suite). Markets expect a continuation of the current plan to ease output curbs by 400k BPD/m. Outside calls have been getting louder for the producers to open the taps more than planned amid inflationary feed-through to consumers and company margins, although ministers, including de-facto heads Saudi and Russia, have been putting weight behind current plans, with no pushback seen from members within OPEC+ thus far. Furthermore, the COVID situation in China is deteriorating, hence ministers will likely express a cautious approach. However, the US is asking OPEC+ to increase supply by 600-800k BPD, according to delegates. Note some journalists noted that there are three options the US has offered OPEC+, 1) a 600k BPD hike, 2) an 800k BPD hike and 3) 100% compliance on a 400k BPD hike. Nonetheless, sources suggested OPEC+ is likely to stick to plans to raise output by 400k BPD despite calls from the US for extra supply; adding that the US has plenty of capacity to raise output itself. The US-OPEC+ dynamics will be worth keeping on the radar following this meeting. As a reminder, the US threatened the release of its SPR whilst also refusing to rule out oil export bans – suggesting that all tools are being looked at in a bid to lower prices. It’s also worth being cognizant of the knock-on effect the OPEC+ decision will have on Iranian nuclear talks – scheduled to resume on November 29th – with higher oil prices and a lack of OPEC+ coordination, possibly providing more incentives for the US to offer more concessions. WTI Dec takes aim at USD 82/bbl (vs 79.74/bbl low) at the time of writing whilst Brent Jan extends above USD 83/bbl (vs 81.07/bbl low). Metals markets are less interesting this morning, spot gold and silver are consolidating and trade relatively flat, with the former around USD 1,775/oz and the latter just north of USD 23.50/oz. Meanwhile, LME copper is modestly firmer but trades on either side of USD 9,500/t. US Event Calendar 8:30am: Oct. Initial Jobless Claims, est. 275,000, prior 281,000; Continuing Claims, est. 2.15m, prior 2.24m 8:30am: 3Q Unit Labor Costs, est. 7.0%, prior 1.3%; Nonfarm Productivity, est. -3.1%, prior 2.1% 8:30am: Sept. Trade Balance, est. -$80.2b, prior -$73.3b DB's Jim Reid concludes the overnight wrap This morning I’m actually going to put a suit on for the first time in nearly 20 months. In a way I’ll be upset if it fits me as I’ve been doing my Bryson DeChambeau weights routine for much of this time between pockets of injuries and surgery. However, I suspect 30-40mins 3 or 4 times a week won’t leave my suit too vulnerable to an “Incredible Hulk” moment when I put it on. There was no dramatic Hulk-like metamorphosis from the Fed last night as they kept close to expectations and delivered the $15/bn a month taper that our US econ team and consensus expected (Their full review is here). They pre-announced the purchase pace for November and December, whilst remarking that a similar pace would likely prevail so long as the economy evolves as expected. The Fed maintained the pace of taper would change in step with any changes to the outlook. The statement slightly tweaked the characterisation of inflation, noting that it was expected to be transitory. Chair Powell explained this in the press conference, maintaining the institutional view that elevated inflation was not expected to remain persistent and would return to the Fed’s long-term goal as supply bottlenecks abated and Covid-19 moved to the rear-view mirror. He also admitted the change reflected the reality that inflation has been much higher than they had expected, and recognised the burdens that it created for everyday consumers. The press conference spent a lot of time focusing on the dichotomy between high near-term inflation and the Committee’s assessment of full employment, as the market moves to pricing when lift-off will take place. The Chair noted the Committee will need to be flexible when judging what constitutes full employment, as it is a moving target and has moved since before the pandemic. A key point he returned to multiple times is the Committee would need to judge how the labour market evolves once the Delta variant is well and truly behind us. While stressing patience in evaluating these incoming data, he maintained optionality by also noting the Fed would stand ready to raise rates if inflation were threating to move persistently above the Fed’s goal. This risk management consideration is why they’re maintaining flexibility over the pace of taper. STIR markets were still pricing lift-off to take place sometime in 3Q 2022, and for there to be 2 hikes next year, unchanged from before the meeting. Equities were mostly flat on the day before the announcement but progressively climbed higher during and after the presser, with the S&P 500, Nasdaq, and DJIA finishing the day +0.65%, +1.04%, and +0.29% higher, respectively. 2yr yields increased +1.8bps on the day but closed roughly where they were pre-announcement. 10yr yields were +5.3bps higher on the day though with around +4bps added post FOMC and around +9bps from the early lows when fixed income was rallying across the globe. Elsewhere, 10yr breakevens were wider, increasing +3.6bps to 2.56%. Meanwhile, ECB President Lagarde sounded in no hurry to follow the BoE (preview immediate below for today) and the Fed on rate hikes. In a speech yesterday, she said that their three conditions for raising rates “are very unlikely to be satisfied next year”, as “the outlook for inflation over the medium term remains subdued” in spite of the recent surge in inflation. She re-emphasised the point in an interview almost verbatim later in the day while the Fed presser was ongoing, stating a 2022 hike was very unlikely, offering more forceful pushback of market pricing than she opted for during last week’s Governing Council meeting. Central banks will remain in the spotlight again today thanks to the BoE’s policy decision, which is out at 12:00 London time. Our UK economists are expecting that they’ll deliver their first post-pandemic rate hike of 15bps, taking the Bank Rate up to 0.25%, as well as end their current QE program. Similarly to the US, this comes amidst inflation readings that have persistently surprised to the upside over recent months, with CPI at +3.1% in September, and our economists write that they see the BoE’s forecasts being upgraded to show peak CPI nearer to 5%, remaining above target for nearly all of next year, which is broadly in line with recent comments from Chief Economist Pill in a recent FT interview. For more details see their preview (link here). Against this backdrop of central bank action, we had some solid economic data out of the US yesterday that further supported risk appetite. First, there was the ISM services index for October, which rose to a record high of 66.7 (vs. 62.0 expected), so a very promising sign at the start of Q4, even if the prices paid measure rose to 82.9, which was the highest since 2005. Before that we also had the ADP’s report of private payrolls for October, which showed an increase of +571k (vs. +400k expected), which is the strongest growth since June. That comes ahead of tomorrow’s US jobs report, where our economists are looking for growth of +400k in the headline nonfarm payrolls number, with the unemployment rate ticking down to 4.7%. I’ve been trying to get my mantra of the US more likely travelling down a “growthflation” path (over “stagflation”) into the vernacular. However, I think I’ll need a better term if I want it to rival say “BRICs”! That backdrop of positive data supported European markets ahead of the Fed, where the STOXX 600 advanced +0.35% to hit another all-time high. Sovereign bonds advanced too, with yields on 10yr bunds (-0.3bps), OATs (-0.8bps) and BTPs (-2.4bps) all moving lower, though gilts (+3.6bps) were the exception ahead of the BoE later. The strong data also lifted us off the yield lows of the day as we started with a big bond rally. We also saw some significant movements in energy prices, with European natural gas futures surging back +13.23% yesterday amidst a recent decline in fuel shipments from Russia, whilst both Brent crude (-3.22%) and WTI (-3.63%) oil prices saw a major pullback ahead of today’s OPEC+ meeting. In Asia, most major indices are trading higher this morning, including the Nikkei 225 (+0.74%), the KOSPI (+0.30%), the Hang Seng (+0.27%) and the Shanghai Composite (+0.64%), amid gains in US equities yesterday. S&P 500 futures (+0.01%) are almost unchanged, while the 10y US Treasury is at 1.60% (-0.5bps). Meanwhile on the political scene, the US Democrats were reacting to a bad set of results in Tuesday’s election, after the Republicans won the Virginia governor’s race. However, the New Jersey governor’s race was won by Democrat Gov. Phil Murphy 50.2% vs 49%, but came in much closer than the polls had suggested before the election. Gov. Murphy is the first Democrat to win re-election as governor in the state since 1977. Overall though, since President Biden won those two states in 2020 by 10pts and 16pts, respectively, the results have obviously come as a shock to many Democrats. The situation has strong echoes of 2009, a year after President Obama’s election when the Democrats also had control of the presidency and both houses of Congress, when they were trying to push through Obamacare. That round of elections saw the Republicans win the gubernatorial elections in both Virginia and New Jersey (following Democratic victories on the previous occasion), before the Republicans went onto make sizeable gains in the 2010 midterm elections the following year. There’s still just over a year until President Biden’s first set of midterm elections, but the Democrats will be hoping this doesn’t presage a repeat of those 2010 losses. Lastly on the data front, US factory orders grew by +0.2% in September (vs. +0.1% expected). Separately, the UK’s composite PMI was revised up a point from the flash reading to 57.8, and the US composite PMI was also revised up three-tenths to 57.6. To the day ahead now, and the highlight will be the aforementioned BoE meeting, while there’ll also be remarks from ECB President Lagarde, the ECB’s de Cos, Elderson and Schnabel, and BoE Deputy Governor Cunliffe. On the data side, releases include German factory orders for September, the Euro Area October services and composite PMIs and September PPI reading, whilst from the US there’s the September trade balance and the weekly initial jobless claims. Lastly, the OPEC+ group will be meeting to discuss output, and earnings releases today include Moderna, Square, Airbnb, Uber, Duke Energy and Regeneron. Tyler Durden Thu, 11/04/2021 - 07:53.....»»

Category: blogSource: zerohedgeNov 4th, 2021

Why Businesses In The Transport & Logistics Sector Are Using Electronic Data Interchange

Electronic data interchange software has been used in the logistics sector of various businesses for decades, mainly because it supports rapid growth. Now we have mobile EDI systems, offering companies new opportunities for supply chain improvements. Q3 2021 hedge fund letters, conferences and more What Are The Differences Between Classic And Mobile EDI Software? Since […] Electronic data interchange software has been used in the logistics sector of various businesses for decades, mainly because it supports rapid growth. Now we have mobile EDI systems, offering companies new opportunities for supply chain improvements. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more What Are The Differences Between Classic And Mobile EDI Software? Since its creation in the 1960s, EDI system has constantly been developing due to the evolving needs of businesses. This has led to the creation of mobile EDI. What are the main differences? Classic EDI enables enterprises to exchange electronic documents via standardized communication channels using a defined format. Depending on various circumstances, this could be X12 for the retail industry, VDA for automotive, EDIFACT for logistics, or many others. Mobile EDI is also used to send and receive EDI messages in a specific format but through a mobile app. What is important is that EDI data can also be accessed easily by using various mobile applications, similar to how cloud-based solutions work. This – if their applications are synchronized – provides much more flexibility for users. In addition, mobile EDI can improve the efficiency of processes by sending delivery notifications, allowing simple, paperless document management, and being easily accessible at any time and in any place so that the user can communicate directly with their customers and partners. The Advantages Of A Mobile EDI System In Logistics If you think about logistics, the first thing that comes to mind is a warehouse. It plays a strategic role in the whole supply chain process. There, many processes depend on each other, which is why it is extremely important to perform all tasks on time and to maintain good communication between all parties without delays. Using mobile apps connected to a system offers several benefits such as convenience and time-efficiency. It allows you to get a lot of things done directly from the warehouse. Mobile EDI enables, among other things: Updating Delivery Status In the past, delivery statuses had to be updated manually. Now, mobile EDI allows customers and suppliers, as well as logistics operators, to exchange information in real time and almost automatically. What are the business effects? The reduction of time-consuming processes, elimination of errors, and optimized supply chain operations are the major ones. Directly Scanning Labels Or QR Codes Directly scanning QR codes or labels does two things. It reduces errors and processing time, and improves operator-supplier communication. This allows real-time monitoring of goods. An additional advantage is that the company is perceived as being flexible and tech-savvy. Signing Orders And Dispatch Notes Signing orders and dispatch notes improves the security of all processes, while simultaneously providing workflow tracking convenience. What is important, is that the signing is done in a totally paperless way, which makes it environmentally friendly and supportive in terms of achieving positive ROI. Reviewing Product Status And Quality The ability to review product status and quality really helps logistics operators to handle potential issues better. They can react immediately, and the knowledge they possess thanks to this solution enables them to communicate better with parties that face difficulties. Communicating With Partners In Real Time Communicating in real time prevents many problems, given that issues with packaging, last-minute order changes, incidents, missing information or any other difficulties are common in logistics. It not only saves time, but also improves reliability and trust between all parties. Checking Status Of Delivery In Real Time Throughout The Entire Process Apart from speeding up the whole process and reducing the potential for error, real-time monitoring provides an overview of the entire supply chain. It also gives the supplier and retailer information about if, when, and by who the goods have been delivered. Why Electronic Data Interchange Software Of The Future Is Mobile Logistics operations have never been simple, but the constantly growing needs of today’s customers make them more complex than ever. As a result, logistics companies have to choose wisely between applications supporting their supply chain processes. Some enterprises, for instance, have implemented measures that help with scanning logistics labels directly, enabling paperless goods reception with the use of proof of delivery applications. Such applications are already used by couriers, and now companies are adopting B2B paperless solutions. There is a reason for that – mainly the improved accuracy of documents or any other data that can be tracked via an application connected to classic EDI software. Other companies use mobile applications (for example, for barcode scanning), so they can issue invoices directly (this is characteristic of retail, which uses the dock system). Moreover, for those who travel a lot and are involved in the logistics process (such as managers in sales or retail), mobile EDI apps help monitor data flows and order status in real time, directly from their mobile devices. Many applications also include dashboards for more complex data analysis. Other apps enable supply chain parties to confirm orders from their smartphones, forward them to other employees, and even issue invoices. It is more than expected that, soon, more and more functionalities of EDI software will be implemented in the mobile version of the system, as the classic version is continuously developed due to the changing market requirements. Best Mobile EDI Guarantees Full Security A question often asked is whether mobile EDI can be as secure as the classic version? This question touches on the reliability of EDI mobile apps, external access to confidential information, data breaches, and cyber-attacks. That is why, when looking for EDI software, logistics companies should seek a reliable IT provider. Last but not least, multiple-factor authentication, cryptographic techniques, and encrypting data minimize the risk of sensitive data being accessed, changed, or destroyed, limiting the potential for interruptions to everyday business processes. Conclusions Due to the coronavirus pandemic that increased the pace of global business digitization, the logistics industry became one of the fields with the greatest need for processes automation. As logistics operators are expanding their networks, they quickly adopt the newest technologies to improve their workflow. However, the already enhanced traditional EDI systems remain strong, which makes mobile solutions, primarily because of the benefits they bring, a natural next step for a business that is constantly looking for further improvements. Updated on Oct 29, 2021, 2:47 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 30th, 2021

Texas Roadhouse, Olive Garden, and other casual chains benefit from independent restaurant closures of the last year

An analyst says the restaurant closures benefitted large chains by reducing competition for customers. Irene Jiang / Business Insider Casual restaurant chain sales are booming well above 2019 levels. More than 10% of all US restaurants closed since the beginning of the pandemic, many independent. An analyst says the restaurant closures benefitted large chains. A major slice of the restaurant industry closed permanently in 2020 as a result of the COVID-19 pandemic and dining room closures, and it's led to an unexpected boost for casual dining chains like Texas Roadhouse, Olive Garden, and The Cheesecake Factory.Official counts vary, but experts agree that at least 10% of all US restaurants closed since the pandemic hit in spring 2020, with some counts as high as 17%. Even on the lower end, 10% of restaurants mean that at least 79,000 had closed permanently as of March 2021, according to Dataessential. The National Restaurant Association says more than 110,000 establishments have closed, after being in business for 16 years on average.Large chains generally have access to more resources and money, and have weathered the pandemic better than independent restaurants, which make up 70% of the industry. Quick-service fast-food chains, like McDonald's and Starbucks, did better than other sectors of the restaurant industry, in part due to their ability to keep business going during dining room closures with drive-thrus and mobile orders.Independently owned "mom and pop" restaurants, 64% of which were full-service establishments before the pandemic, were at particular risk of closure within the industry. Now that many of them are gone, casual chain restaurants are thriving in the less competitive environment, Kalinowski Equity Research founder Mark Kalinowski told Insider. Most of the closures of the past 18 months were "skewed toward independent mom and pops, mostly in casual dining and full service," he said.Now, there is "meaningfully less competition for larger chain casual diners," Kalinowski said.Sales are booming for the casual dining chains that have managed to stay open. At Texas Roadhouse, same-store sales are up over 80% over 2020, which was of course low because of COVID-19, but they're also up 21.3% over 2019 levels. Visits are up too, according to Placer.ai, indicating more customers are visiting the chain and are spending more money. Same-store sales are up over 37% at Olive Garden, parent company Darden reported in its most recent earnings call, and monthly visits have been hovering around 2019 levels and even surpassing them. Other casual chains including The Cheesecake Factory and Longhorn Steakhouse are seeing similar bumps in sales.The return to casual dining is impressive given headlines over the last decade proclaiming the death of casual dining and millennials killing chains like Applebees. For a time, the growth of fast-casual chains like Panera and Chipotle seemed like they might strike the final blow on casual chains, but like many industries, COVID-19 and its impacts have changed trajectories. Now with the return of the suburbs, casual dining has another chance.Do you have a story to share about a retail or restaurant chain? Email this reporter at mmeisenzahl@businessinsider.com.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 18th, 2021

Al Gore"s investment fund revealed a $128 million stake in Toast after the restaurant-technology company"s IPO

Generation Investment Management co-led Toast's Series C funding round in 2017, and now owns 0.5% of the startup's stock. Al Gore. Anthony Harvey/Getty Images Al Gore's fund revealed a 0.5% stake in Toast following the restaurant-software provider's IPO. Generation Investment Management's Toast stock is worth around $128 million. Gore and his team co-led Toast's $101 million Series C funding round in 2017. Al Gore is best known for warning the planet is toast unless we address the climate crisis. The former US vice-president will be celebrating a different hot prospect following restaurant-software provider Toast's stock-market debut in September.Gore is the cofounder and chairman of Generation Investment Management, a sustainable-investment fund with a $24 billion US stock portfolio. Generation recently disclosed that it owns 2.5 million Class A shares of Toast, representing 0.5% of the startup's outstanding shares. The stake is worth about $128 million, based on Toast's closing stock price on Tuesday.Toast didn't list Generation among its major shareholders in its IPO filing, as Gore's fund owns less than 5% of the company. However, Generation co-led Toast's $101 million Series C financing round in 2017. Given Toast now commands a $26 billion market capitalization, Generation has likely racked up a massive unrealized gain on its early bet on the company.Generation and Toast didn't respond to requests for comment from Insider.Toast sells mobile, cloud-based, point-of-service (POS) systems to restaurants. The units help eateries to process orders faster, increase efficiency, reduce waste, and make more money. Toast's biggest investors include Bessemer Venture Partners, Tiger Global Management, and T. Rowe Price.The startup's revenues jumped 24% to $823 million in 2020, but a sharp increase in costs meant its net loss widened by 19% to $248 million. Toast's revenues roughly doubled year-on-year to $704 million in the first six months of 2021, but the company lost another $235 million in the period.Gore starred in the Oscar-winning documentary "An Inconvenient Truth" and was awarded the 2007 Nobel Peace Prize for raising awareness of the climate crisis. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 13th, 2021

Solid Demand & Online Strength to Drive Carter"s (CRI) Growth

Despite cost headwinds, Carter's (CRI) remains well-placed for growth on the back of enhanced digital capabilities and strong demand. Carter’s, Inc. CRI has been benefiting from improved demand, particularly in stores, driven by store re-openings, the acceleration of the vaccine program, and the relaxing of the pandemic-led restrictions. Also, it has been witnessing healthy demand for its babywear products from a few of its largest customers like Target TGT, Amazon AMZN and Walmart WMT. Some other notable initiatives, including robust product portfolio, solid online show, better marketing and enhanced pricing, bode well.The company’s online strength remains a major growth driver on the back of enhanced e-commerce capabilities and faster delivery via curbside pickup, same-day pickup, buy online and pick up at store, and ship-from-store services. Driven by the factors, the company’s e-commerce business has been performing well, with more than 60% growth in the first half of 2021 from the first half of 2019. Easy access to a broad array of online products when shopping in stores and access to its new credit card program acted as major growth drivers.In second-quarter 2021, more than 30% of online orders were fulfilled by stores, which reflects an improvement from 12% in the prior-year quarter. It also launched a mobile app and is investing in RFID capabilities. The rollout of RFID is likely to be completed by this fall and it will be accretive to the fourth-quarter and 2022 results.Management raised its 2021 guidance. The company anticipates sales growth of 15%, up from the earlier mentioned 10%. For 2021, earnings are envisioned to rise 75% year over year compared with the previously mentioned 40% growth. Adjusted operating income is likely to be $475 million, up from the prior year’s reported figure of $279.8 million. The guidance includes $5 million of costs related to additional protective equipment and cleaning supplies, and $3 million of restructuring costs.The company also issued an upbeat third-quarter view, wherein it expects sales of $960 million. Adjusted earnings are envisioned to be $1.60 per share, with an adjusted operating income of $110 million. Management also expects sales to be higher in the second half of 2021.However, it continues to witness elevated expenses, stemming from higher store payroll expenses, a rise in marketing expenses and the resumption of employee compensation. Management expects higher expenses related to faster delivery from Asia along with supply-chain disruptions, rising transportation costs, increased investments in marketing, higher wages and a 53rd-week fiscal year in 2020 to hurt the company’s performance in the second half of 2021.Carter’s is likely to incur costs related to additional protective equipment and cleaning supplies of $5 million in 2021 and $1 million in the fiscal third quarter. The company expects $3 million of restructuring costs for 2021.We believe that strategic initiatives, solid online shows and high demand are likely to keep Carter’s stellar show on. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report Carter's, Inc. (CRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 12th, 2021

Nokia (NOK) to Deploy Digital Operations Software in India

By unlocking network efficiencies with common operability, software delivery, and increased hardware sharing, Nokia (NOK) has been able to reduce the total cost of ownership for mobile operators. Nokia Corporation NOK recently inked an agreement with Lightstorm to deploy its Digital Operations software across India for network automation services. The deal for an undisclosed amount will facilitate Lightstorm to generate incremental revenues by offering Network-as-a-Service (NaaS) solutions to its enterprise customers and power the digital economy of the subcontinent.Lightstorm operates India’s first carrier-neutral network infrastructure platform and has built first-of-its-kind utility-grade resilient fiber network, SmartNet, connecting the major economic hubs in the country. This, in turn, has laid the foundation for digital infrastructure that provides open, transparent & neutral access to the cloud & Internet. The company now aims to deliver a seamless user experience with end-to-end automation of network systems and is pioneering the deployment of Nokia’s cloud-native Digital Operations software. This will enable Lightstorm to establish itself as a greenfield operator in India’s NaaS market with the installation and configuration of an entirely new network setup.  The Digital Operations software is a fully cloud-native platform that is built to support multi-vendor, multi-domain, and multi-technology environments across any cloud deployment model. It enables network automation and leverages industry standard protocols to minimize the time required to onboard new customers by processing connectivity orders in seconds and enabling the delivery of complex new enterprise services in minutes. The service is reportedly about 500 times faster than conventional business models. In addition, it offers closed-loop automation that identifies problems up to eight times faster than legacy systems for swift responses. The software will be deployed on Amazon Web Services, the cloud computing platform of Amazon.com, Inc. AMZN.By unlocking network efficiencies with common operability, software delivery, and increased hardware sharing, Nokia has been able to reduce the total cost of ownership for mobile operators. The company is well-positioned for the ongoing technology cycle given the strength of its end-to-end portfolio. Its installed base of high-capacity AirScale product is growing fast.The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. Leveraging state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications, and Internet of Things.The company facilitates its customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation needed to support dynamic operations, reduce complexity, and improve efficiency. Nokia remains focused on building a robust scalable software business and expanding it to structurally attractive enterprise adjacencies. It has inked 189 commercial 5G contracts across the globe. The company’s end-to-end portfolio includes products and services for every part of a network, which are helping operators to enable key 5G capabilities, such as network slicing, distributed cloud, and industrial IoT. Accelerated strategy execution, sharpened customer focus, and reduced long-term costs are expected to position the company as a global leader in the delivery of end-to-end 5G solutions.The stock has gained 43.1% in the past year compared with the industry’s rally of 14.3%.Image Source: Zacks Investment ResearchWe remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the industry are Clearfield, Inc. CLFD, sporting a Zacks Rank #1 (Strong Buy), and Ubiquiti Inc. UI, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Clearfield delivered a trailing four-quarter earnings surprise of 49%, on average.Ubiquiti has a long-term earnings growth expectation of 32.9%. It delivered an earnings surprise of 20.5%, on average, in the trailing four quarters. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Nokia Corporation (NOK): Free Stock Analysis Report Clearfield, Inc. (CLFD): Free Stock Analysis Report Ubiquiti Inc. (UI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 8th, 2021

How to track an Amazon package on a computer or mobile device

If you have a delivery coming from Amazon, you can track the package from the Amazon website or the Amazon mobile app. Most things you order from Amazon can be tracked right up to your door. Shutterstock You can track most Amazon packages from the Amazon website on your computer or via the mobile app. If the order is being shipped by Amazon's own Amazon Logistics, you can see the delivery on a live map on delivery day. If you want to track all your orders in a single app - including deliveries not coming from Amazon - you can use a third-party delivery app like Parcel or Deliveries. Visit Insider's Tech Reference library for more stories. Amazon has evolved into a well-oiled package delivery machine, routinely shipping more than a million packages each day. And tracking those packages has turned into somewhat of a science.You can easily find the status of your package on a computer or mobile device and in many cases even see where your delivery is on a map in real time. Here's everything you need to know about keeping tabs on your Amazon packages while they're en route to your doorstep. How to track an Amazon package on a computer1. Navigate to the Amazon website in a browser on your Mac or PC and make sure you're logged in to your account. 2. Click Returns & Orders at the top-right of the webpage. Go to "Returns & Orders." Grace Eliza Goodwin/Insider 4. On the Your Orders page, find the order you want to track and then click Track package. You can track a shipment from the Amazon website by going to the Your Orders page. Dave Johnson 5. You'll see the order status, including the estimated arrival date. How to track an Amazon package on the mobile appTo track an order on your Android or iOS device, you'll first need to download and install the Amazon mobile app and log in to your account. 1. Open the Amazon app.2. Tap the three-line icon, located at the top-left on Android and bottom-right on iOS.3. Tap Your Orders (if you're using Android) or Orders (on iPhone). Look for your recent orders in the app's menu. Dave Johnson 4. Browse the list of orders. You should be able to see which items have already been delivered, and the estimated delivery day for items that have not yet arrived. To learn more, tap the item. 5. You'll see the order status, including the estimated arrival date. The tracking information and order status is usually just a click or tap away. Dave Johnson Quick tip: Whether you're viewing your order on a computer or mobile device, you can click Update delivery instructions on the delivery details page to specify where the package should be left, the security code to access your building, and other details. Using the Amazon tracking mapIn many cases, you can track the exact location of your package on the day of delivery. You can see exactly where it is on a map, and get a status update indicating how many stops away it is from your address. There are several ways to get to the tracking map: Find the tracking information for your delivery on your mobile app by following the steps in the previous section.Tap the delivery notification on your phone.In the delivery notification email, click Track your package. Important: You'll only be able to see the Amazon tracking map for packages that are delivered by Amazon's own delivery service. If it's being delivered by a traditional carrier like FedEx, UPS, or USPS, the Amazon delivery map isn't available, though the delivery service might have its own delivery map instead.Missing tracking informationIt can be a frustrating experience to find there's no tracking info for an Amazon package, or the tracking info does not appear to be updated and accurate. If the estimated delivery date passes without a delivery, it's a good idea to wait one or two days before reporting it as a lost package. Here are the most common reasons why your tracking information might be missing or inaccurate:The package might have reached a regional hub. In some cases, such as when there's a very high shipping volume, the first scan for a package may not occur until it arrives at a regional hub near the destination. When this happens, you might not have access to tracking info until very close to the delivery date. Tracking is not available. Some kinds of shipments, such as Standard International, are not trackable and you will not see tracking info before delivery.Tracking delays. Occasionally there are logistical delays in updating the tracking database. This will delay availability of tracking info.Seller didn't provide tracking info. Items sold through Amazon Marketplace might sometimes lack tracking info because Marketplace sellers may not provide Amazon with tracking information. Third-party apps for tracking packagesWhile you can rely on Amazon's own order tracking tools to stay informed about your delivery details, you might consider using a third-party app instead. The benefit of third-party apps is that they can aggregate tracking details for all the major delivery services in the same interface, so you can see at a glance the status of all your inbound (and outbound) packages without changing apps. This is especially handy if you routinely work with FedEx, UPS, and other services outside of Amazon. Here are the most common thirds-party package-tracking apps:Parcel is available for both iOS and Android and can track packages from 300 domestic and international delivery services including Amazon Logistics. The app is free, but some features (including tracking more than three packages at a time) require a $3 per year subscription. Deliveries is available for iOS and Android and supports dozens of delivery services from all the major US domestic carriers, including Apple and Amazon Logistics. One of the app's most intriguing features is its ability to automatically add estimated delivery dates to your calendar. The app is free but full access to all the app's features requires a subscription, currently $5 per year. ParcelTrack is available for iOS and Android and supports about 60 delivery services. The app is free, but to unlock all the tracking features in the app, you need to subscribe for $3 per year. In addition to standard tracking, it offers "delivery forecasts" that predict delivery times based on information provided by carriers. How to sell on Amazon as a business or single seller through a Professional or Individual accountHow to list and sell your books on Amazon'Does Amazon accept Venmo?': It doesn't directly, but here's how you can use a Venmo Card insteadHow to cancel your Amazon Music subscription on your iPhone using a web browserRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 6th, 2021

5 Smaller Dividend Payers with Bright Prospects

Small and mid-caps look attractive today. September was depressing to say the least, with the Dow, S&P 500 and Nasdaq losing 4.2%, 4.8% and 5.6%, respectively -- a clear indication that larger-cap stocks are bearing the brunt of the market turmoil, as various issues related to the supply chain, inflation, the Fed, the debt ceiling and so on came to a head.The fact that we’re in between earnings seasons also isn’t helping the market, although third-quarter beat-and-raises are unlikely to be as attractive as the second.And all the disappointment is despite the fact that we have a robust manufacturing sector, a return of the services sector, a likely strong holiday season and a receding of the Delta variant. So obviously, when money is pulling out of the big names, it’s getting invested elsewhere. That’s what I thought of exploring today with some really safe stocks.I have been avoiding large-cap names for the most part this month and the group I’ve chosen today is no different. These players fall in the small and mid-cap segment and have some broader market-related positives going for them. They also have the distinction of a Zacks #1 or #2 rank, Value and Growth Scores of A or B. They pay a dividend that has been growing in the recent past. What’s more, brokers seem to like them.So let’s get started.As a result of the reopening, there were notable job gains across the professional and business services, transportation and warehousing, and private education segments in August. Infection rates going down, manufacturing and industrial activity remaining robust, the services sector picking up and new job openings continuing to rise are highly conducive market conditions for workforce solutions providers, whether engaged in the supply of office products or staffing. Schools are also reopening, with an increasing number of students opting for in-person education most of the time, which is a positive for companies offering supplies to both schools and offices. A couple of stocks to tap this potential are ACCO and MAN. They are followed by KBR, which is a solid bet because of its end market focus, steady cash flows and visibility. Then comes FAF, which is all about data and digitization momentum, followed by KT, which is the dominant telecom player in South Korea undergoing massive digital transformation.Acco Brands Corp. (ACCO)ACCO Brands designs, manufactures, and markets consumer, school, technology and office products. It operates through the North America, EMEA and International segments.Some of its popular brands are AT-A-GLANCE, Barrilito, Derwent, Esselte, Five Star, Foroni, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, PowerA, Quartet, Rapid, Rexel, Swingline, Tilibra, TruSens, Spirax, and Wilson Jones.The company has its own direct sales force and ecommerce platform, but also sells through mass retailers; e-tailers; discount, drug/grocery and variety chains; warehouse clubs; hardware and specialty stores; independent office product dealers; office superstores; wholesalers; contract stationers; and technology specialty businesses.The Zacks Rank #2 (Buy) company is undergoing a strategic transformation of its business toward faster-growing consumer-centric categories, which along with reopening demand and the recently-acquired PowerA business drove strong results across segments and geographies in the June quarter. As a result, the company beat estimates by 59.3% with estimates also edging higher.ACCO is seeing significant opportunities in both existing and new categories that it is well positioned to tap going forward. Analysts expect 98.6% earnings growth this year followed by 12.5% growth in the next. This is expected to come on revenue growth of 22.5% and 4.3%, respectively.It recently named its North America head as the President and Chief Operating Officer of the company.Zacks has a Value Score of A and Growth Score of B on the shares, indicating that they are a solid buy for investors looking for capital appreciation. There’s also a dividend that yields 2.95% and represents a 5-year historical dividend growth 3.5%.Brokers also like this stock given that the average broker rating of 1.25 translates to a Strong Buy rating from them.A Price/Sales valuation yields a 0.46X multiple, which indicates that investors are currently undervaluing its sales.ManpowerGroup Inc. (MAN)ManpowerGroup is one of the leading providers of innovative workforce solutions and services across the world. The company has a well-established network of 2,500 offices in 75 countries and territories. The company provides a wide range of staffing solutions as well as engagement and consulting services through its four major brands - Manpower (contingent staffing and permanent recruitment), ManpowerGroup Solutions (outsourcing services for large-scale recruiting) and Experis (Professional Resourcing and project-based workforce solutions).Two-thirds of revenue comes from Europe (44% in the South and 22% in the North), Americas accounts for a fifth (21%) with the balance coming from Asia Pacific & Middle East (APME) (13%).The Zacks Rank #2 company recently surveyed 42,000 employers across 43 countries, finding that 69% of employers globally (a 15-year high) are having difficulty hiring skilled workers across many industries. The difficulty seems to be the greatest in the U.S., with 73% of employers reporting difficulties, compared to the global average of 69%. Also, employers report the highest fourth-quarter hiring prospects than all other countries with IT expected to be the strongest, followed by financial services and then transportation and utilities.   Management believes that the difficulty is partly related to a skills gap, and partly to pandemic related issues, such as healthcare and child care concerns that should be alleviated before long. Digitization and structural changes to the labor market are likely to remain longer term issues.This means hiring of skilled talent and supporting people to reskill and upskill for growth roles will be a driver of demand into the foreseeable future.No wonder, then, that MAN beat June quarter expectations by 42.3% with estimates climbing higher thereafter. Nor is it surprising that analysts currently expect earnings growth of 93.2% in 2021 and 20.9% in 2022 coming on revenue growth of 16.0% and 4.9%, respectively.The shares carry Zacks Value and Growth Scores of A, and if you’re still not convinced, there’s a dividend that yields 2.3%. The 5-year historical dividend growth is 7.5%.The average broker rating of 1.78 translates to a Buy rating.The P/S multiple is just 0.3X, indicating that this may be a good time to jump in.KBR, Inc. (KBR)KBR is a global engineering, construction and services firm, with a focus on global energy and government services. It currently operates in 40+ countries, serving customers in 80+ countries.Its two main business segments are Government Solutions (GS) and Sustainable Technology Solutions (STS). GS, accounting for 70% of revenues, focuses exclusively on long-term service contracts for the United Kingdom, Australian and the U.S. governments that generate annuity-like revenues. STS, accounting for the rest, comprises an advisory practice for energy transition and net-zero carbon emission consulting; technology-led industrial solutions for innovative digital operation and maintenance; and advanced remote operations capabilities to improve throughput, reliability and environmental sustainability.KBR is well positioned in important market segments involving national security, defense modernization, energy transition and sustainability. And the nature of the business calls for long-term agreements. Therefore, there is growth on the one hand and stability on the other. Management is also transitioning the business away from lower-margin high-volume business with the goal of meeting longer-term targets.In the last quarter, the company did very well on that objective on the back of solid revenue growth, improved profitability, a growing backlog of orders and strong cash flows. As a result, the cash guidance for the year was raised. The solid cash flows are a key reason for investing in this stock.Estimates for 2021 and 2022 have moved higher after the Zacks Rank #2 company reported solid June quarter results, which beat the Zacks Consensus Estimate by 20.8%. Analysts currently expect earnings growth of 24.9% this year on revenue growth of 4.9%. For 2022, they currently expect revenue and earnings to grow a respective 4.9% and 12.7%.Zacks has Value and Growth Scores of B on the stock, so they should be attractive to pretty much everybody. And there’s also a dividend that yields 1.12%. The 5-year historical dividend growth is 6.4%.The average broker rating of 1.50 translates to a Buy rating on the shares.At 0.95X P/S, the shares are trading close to their fair value. So if you want  a piece of the action, there’s not much time to lose.First American Financial Corp. (FAF)Headquartered in Santa Ana, CA, First American Financial serves homebuyers and sellers, real estate professionals, loan originators and servicers, commercial property professionals, homebuilders and others involved in residential and commercial property transactions with products and services specific to their needs.The core business lines include title insurance and closing/settlement services; property data and automated title plant records and images; home warranty products; property and casualty insurance; banking, trust and wealth management services; and other related products and services. It also offers banking services via First American Trust that enhances agents’ efficiency and lowers risk.First American provides financial services through its Title Insurance and Services segment (92% revenue share) and its Specialty Insurance segment (8%).The company’s data assets comprise a competitive differentiator, helping both revenue generation and profitability. The current building phase (to be completed by year-end) will bring around 80% of all real estate transactions into its databases. It is already capturing virtually every data point on 7.5 million documents per month, up from around 5 million last quarter. This is expected to facilitate the automation of underwriting decisions, while moving manual processes online. Additionally, it is developing cloud-based digital productivity tools like IgniteRE and ClarityFirst that are designed to help client operations and expand relationships.   #2 ranked FAF posted strong second quarter earnings, beating expectations by 30.7%, which was followed by upward revision in 2021 and 2022 estimates. Analysts currently expect revenue and earnings to grow a respective 12.0% and 28.3% this year. While a decline in revenue and earnings is expected next year, this may not ultimately materialize and even if it does, it’s worth noting that both revenue and earnings have been growing exponentially since the pandemic first hit. So they are very unlikely to fall below 2019 levels.The Zacks Value Score of A and Growth Score of B support investment in the shares, as does the dividend, which currently yields 3.02%. The 5-year historical dividend growth 7.1%.Brokers are also positive about this stock and the average broker rating of 1.67 represents a Buy rating.At a P/S multiple of 0.89, the shares aren’t expensive.KT Corp. KTSeoul-based KT Corp. is South Korea’s largest telecom company. Its core business includes mobile services (5G, 4G LTE and 3G W-CDMA), where it has a market share of 31.6%; fixed-line and VoIP telephone services, where it has a market share of 56.8%; and broadband Internet access services, where its market share was 41.1% as of Dec 2020.Ancillary/other business includes media and content services, including IPTV, satellite TV, digital music services, e-commerce services, online advertising consulting services and digital comics and novels services; financial services, including credit card processing and other financial services; IT and network services and rental of real estate by KT Estate; and sale of handsets and miscellaneous telecom equipment, as well as residential units and commercial real estate developed by KT Estate.Mobile services comprised 28% of revenue, fixed-line 20%, media and content services 11%, financial services 14%, other services 13% and goods sales (mainly handsets) the balance.The company is transforming itself into a massive digital platform encompassing financial, commercial and content channels. In the last quarter, the transition of its B2B business to a subscription model remained on track. The business grew 6.2% with the company pursuing new opportunities like AI robots. The traditional telecom business didn’t falter either. Subs were up 533K, ARPU increased 3% while broadband revenue increased 2.1%.This is a very stable company, being one of only three major operators in the region. Its dividend yields 3.74% and its 5-year historical growth is 6.1%.The Zacks Rank #2 stock with a Value Score of A, Growth Score of Bis expected to grow earnings 36.0% this year.Brokers agree on its solid prospects. Their average rating of 1.00 translates to a Strong Buy recommendation.Valuation of 0.31X P/S is another attraction. 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. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a 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 ManpowerGroup Inc. (MAN): Free Stock Analysis Report KT Corporation (KT): Free Stock Analysis Report KBR, Inc. (KBR): Free Stock Analysis Report First American Financial Corporation (FAF): Free Stock Analysis Report Acco Brands Corporation (ACCO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 1st, 2021

Target offers employees more shifts and increased flexibility in bid to retain workers ahead of the holidays

The company will be providing five million more available work hours to team members looking to pick up more shifts this holiday season. A worker collects shopping carts in the parking lot of a Target store on Wednesday, June 9, 2021. David Zalubowski/AP Target announced it's changing up its staffing model to give workers more flexible work schedules. The company says it will be hiring about 30,000 fewer seasonal employees ahead of the holiday season. High employee turnover spurred by COVID-19 pandemic-era demands continue to stress retailers across the country. See more stories on Insider's business page. Target is gearing up for the 2021 holiday season by hiring fewer seasonal workers than last year, and instead re-investing in it existing workforce, the company announced Thursday. The retail giant is offering its over 300,000 current team members 5 million more hours during the holidays. The additional hours may account for an additional $75 million in total paycheck earnings for those employees who pick up additonal hours and shifts, it said in a statement. The company says it will hire 23% fewer seasonal team members this year - about 100,000 total hires compared to over 130,000 the last two years. "We are offering more hours to team members who want them," said Melissa Kremer, Target's chief human resources officer, in the statement. "When we invest in and care for our team we know that guest service improves, turnover goes down and team members can more easily build rewarding careers at Target."While employees quitting their jobs and labor shortages have been plaguing a wide swath of the retail industry during the COVID-19 pandemic, Kremer told CNBC that over the past two years, turnover at Target has fallen to a five-year low. The company declined to specify that rate for 2021, but said turnover is slightly higher than last year.Hourly employees are working 15% more hours total than they were a year ago, the company said on Thursday.Target has tried several incentives this past year to support its employees during periods of high turnover in the retail and hospitality industry, including $500 minimum bonuses in January to offering debt-free undergraduate degree assistance to its workers. The retailer also bumped up its minimum wage from $13 to $15 an hour in 2020. Target also introduced a mobile scheduling app to its employees this summer, which the company intends to build on leading into the holiday season. The technology allows management to check-in on hourly team members, who in turn can manage their scheduling preferences and work "on-demand," picking up additional work hours with more ease. A number of industries have been hit by the ongoing labor crisis as well as shortages in goods and order delays. Major retail as well as delivery companies like UPS and FedEx are beefing up their logistics teams to support online shopping orders.Other major retailers have already begun announcing their big holiday hiring pushes. Macy's is looking to hire 76,000 workers, including 48,000 seasonal employees, the company said on Wednesday. Walmart said in August that it was looking to hire 20,000 permanent supply chain workers in preparation for the holiday season. (A previous version of this story incorrectly stated that workers can double their hours under the new initiative. Workers can take on more hours or shifts.)Expanded Coverage Module: what-is-the-labor-shortage-and-how-long-will-it-lastRead the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 23rd, 2021