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Congress" favorite combat jet wouldn"t last long in a war against Russia or China

The Pentagon is buying new wings to keep the A-10s flying, even as questions persist about whether itcan survive over modern battlefields. An A-10 Thunderbolt.US Air Force The A-10 Thunderbolt was developed to take on Soviets tanks and is still roaming the battlefield. The A-10's popularity with Congress has helped it survive the Air Force's efforts to retire it. Against the weaponry now fielded by Russia and China, however, the "Warthog" wouldn't last long. The A-10: A History and a Look at a Bleak Future? One of the most iconic airplanes in the US Air Force's flying inventory is the A-10 Thunderbolt, also affectionately known as the "Warthog."Designed to mow down rows of invading Soviet tanks during an anticipated World War III, the A-10 has served in most of America's post-Cold War conflicts, from the Balkans to Afghanistan.A recent Pentagon contract to manufacture new wingsets promises to keep a decent amount of aircraft flying into the foreseeable future, even as questions persist about whether the A-10 can survive over modern battlefields.A-10 Warthogs: the historyA-10 Warthogs.US Air ForceIn 1967, the US Air Force initiated the A-X program, designed to field a new generation close air support (CAS) aircraft. This was the first for the Air Force, which had traditionally used fighters and light bombers (including the A-10's namesake, the P-47 Thunderbolt) in the CAS role.Although the Air Force's current stable of fighters, including the famous "100 series" planes favored speed above all else, A-X traded speed for survivability, maneuverability at low speeds, loiter time and, most importantly, lethality.After a flyoff against the Northrop A-9, the Fairchild A-10 was picked and the first jets delivered in 1974.The A-10 Thunderbolt is unlike any "fighter" before or since, with survivability features designed to keep it flying during an attack run and make it back to base.The plane featured redundant engineering features designed to keep the plane flying though parts of it were shot away. The two General Electric TF-34 non-afterburning turbofans were moved behind the wing, in order to reduce the plane's infrared signature and protect it from Soviet air defenses such as the SA-7 Grail shoulder-fired surface-to-air missile system.The A-10 pilot sits in a titanium "bathtub" protecting him or her from antiaircraft guns up to 23 millimeters — the primary armament of the ZSU-23-4 mobile air-defense system. The flight-control systems and engines are also encased in titanium plate.An A-10 makes an austere landing and takeoff at the National Training Center in California, June 2019.US Army National Guard/Sgt. Mason CutrerThe A-10 is also designed to be flexible and maneuverable, both in the air and on the ground.The aircraft design stresses maneuverability at slow speeds, allowing the pilot to fly extremely low "nape of the earth" missions to mask its approach to the enemy and to avoid enemy antiaircraft fire. The A-10 is also designed to operate from short, unimproved airstrips in the event regular air base airstrips are put out of action.The Thunderbolt II's best attribute is its armament. The aircraft has 11 external hardpoints for carrying electronic countermeasures, fuel tanks, bombs and missiles. The A-10 can carry up to 24 500-pound bombs, four 2,000-pound bombs or six AGM-65 Maverick air-to-ground missiles.This enables the A-10 to carry out a number of frontline missions, from close air support to suppression of enemy air defense, and strike key enemy targets such as fuel storage depots, radar installations and field headquarters.The weapon that sets the A-10 apart from the rest of the aircraft world is the nose-mounted GAU-8/A cannon. The large, seven-barreled Gatling gun can fire armor piercing rounds at up to 4,200 rounds per minute, saturating a target area with lethal cannon fire. The GAU-8/A is mounted 2 degrees nose-down and to the left, so that the firing barrel is always on the centerline.The GAU-8/A was an effective weapon for strafing Soviet armor units advancing in a single-file formation, particularly with specially developed tank-killing depleted-uranium ammunition.Even armor-piercing ammunition without depleted uranium could penetrate ZSU-23-4 mobile air-defense systems, BTR-70 wheeled armored personnel carriers and and BMP-2 infantry fighting vehicles that made up advancing Soviet motor-rifle regiments, all of which could be opened by the GAU-8/A like cans of sardines.In wartime the A-10 was meant to operate alongside US Army Apache attack helicopters in a so-called Joint Air Attack Team (JAAT) to kill advancing Soviet armor. JAAT doctrine called for Apaches to suppress enemy air defenses, identifying and killing threats to the A-10.An armored vehicle after being struck by an A-10's GAU-8/A cannon.USAFA-10s would then swoop down at a 30-degree angle, hosing down Soviet forces with their Gatling guns. In hindsight, this would not often have worked, as Soviet forces would have advanced too quickly for the interservice teamwork to stop the enemy in time.The A-10's first war was the 1991 Persian Gulf War, when Warthogs were used to kill Iraqi armor units. 132 A-10s flew 7,983 combat missions during the course of the war, killing 987 tanks, 926 artillery pieces, 1,355 armored vehicles, 10 aircraft on the ground and even two flying helicopters shot down with the GAU-8A.After the Gulf War the Air Force planned to do away with the A-10, replacing it with the F-16, but the A-10's success over the battlefield won it a constituency in Congress.In 1999, A-10s flew over Kosovo in NATO's Operation Allied Force, and after 9/11 A-10s flew over both Iraq and Afghanistan. A-10s flying from Incirlik Air Base in Turkey have flown missions against ISIS since at least 2014, and in January 2018, A-10s returned to the skies over Afghanistan after a hiatus of several years.The Air Force has tried to retire the A-10 for more than a quarter-century. The service has consistently argued that the A-10 cannot survive on the modern battlefield and that A-10 funds are better invested in newer planes such as the F-16 Fighting Falcon — and, now, the F-35 Joint Strike Fighter.Under pressure from the A-10's fans in Congress and the military, the US Air Force is keeping the planes, for now anyway, seeking to manufacture new wings for more than 100 A-10s. This will ensure that at least 280 aircraft will have the structural improvements necessary to keep a viable force of A-10s in the Air Force's inventory.A-10 Warthogs vs. Russia or China in a war (who wins?)A-10 Warthog.Reuters Photographer / ReutersIs the A-10 viable over today's battlefields?Against low-tech enemies with poor air-defense weapons such as ISIS or the Taliban, the A-10 is still a capable platform. Against other, more modern threats such as Russian or Chinese air defenses the A-10 cannot survive on its own.One solution could be to pair the A-10 with air-defense suppression drones. Once drones have neutralized the air-defense threat, A-10s could conduct standoff attacks, loitering at a safe distance while identifying enemy targets and eliminating them with weapons such as newer versions of the Maverick missile or the Small Diameter Bomb.Strafing runs with the GAU-8/A would be less common, but the guns would still see some use against undefended, massed targets.The A-10 is one of the most successful weapons of the post-Cold War era, and has won legions of fans both in and outside the armed services. The temptation is to keep the aircraft flying as long as possible. The trick is to keep the plane around only as long as it is relevant to the modern battlefield.If the A-10 can fight and win for the next generation, so be it. If not, it needs to be retired and a better plane — or solution — takes its place. There is no room for sentiment in the battlefield's lethal skies.Kyle Mizokami is a defense and national security writer based in San Francisco who has appeared in the Diplomat, Foreign Policy, War is Boring, and the Daily Beast. In 2009 he cofounded the defense and security blog Japan Security Watch.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 13th, 2022

Lockheed (LMT) Wins $131M Deal to Support ARTS-V2 Systems

Lockheed (LMT) is going to provide for the exercise of Options Three and Four for an additional quantity of eight ARTS-V2 systems, being produced under the basic contract. Lockheed Martin Corp’s LMT business segment, Missiles and Fire Control, recently clinched a modification contract for the Advanced Radar Threat System – Variant 2 (ARTS-V2). The Air Force Life Cycle Management Center, Hill Air Force Base, UT has offered the award.Valued at $130.5 million, the contract is expected to get completed by Jun 16, 2024. Per the terms, Lockheed is going to provide for the exercise of Options Three and Four for an additional quantity of eight ARTS-V2 systems, being produced under the basic contract.Work related to this deal will be executed in Grand Prairie, TX.Radars & LockheedWith the rapid escalation of geopolitical tensions globally in recent times, developed and developing nations have been boosting their defense arsenal significantly. Radars constitute a vital part of this arsenal.The demand for military radar systems has expanded manifold in recent times, driven by factors like the rise in the defense spending of emerging economies, an increase in regional tensions and intercountry conflicts that have boosted threats of missiles and aircraft. These, in turn, have been benefiting radar manufacturing companies like Lockheed in the form of contract wins like the latest one.Notably, Lockheed manufactures a world-class portfolio of software-based radar systems that are durable, upgradeable, reliable, and designed to thrive in the digital age. Its product portfolio consists of varied radars like airborne ground surveillance radar systems, AN/APY-9 Radar, sniper advanced targeting pod, Sentinel A4, long-range discrimination radar and many more. With a wide variety of radars in its portfolio, LMT thus enjoys solid demand in the global military radar market.Growth ProspectsPer Mordor Intelligence projections, the global military radar market is expected to witness a CAGR of more than 4.5% over the 2022-2031 period. Such projections further exemplify immense opportunities for Lockheed Martin to capitalize on the expanding market.Such growth projections will not only benefit Lockheed Martin but also prominent defense majors, namely Northrop Grumman NOC, Raytheon Technologies RTX and BAE Systems BAESY, which are involved in radar manufacturing and offer associated support.Northrop Grumman has been at the forefront of AESA radar innovations for more than 60 years. The AESA radars provide unparalleled battlespace situational awareness and air-to-air and air-to-ground superiority. A few of NOC’s renowned radars are the AN/AAQ-24(V) Directional Infrared Countermeasure system, the AN/APG-77 AESA radar and the AN/APG-81 AESA fire control radar.Northrop Grumman has a long-term earnings growth rate of 6.1%. The Zacks Consensus Estimate for NOC’s 2022 sales implies a 2.6% improvement over 2021’s reported figure.Raytheon’s product portfolio consists of varied radars like integrated air and missile defense radars, ballistic missile radars, surveillance radars and air dominance radars. Radars like AN-SPY 6, AN-TPY-2, APG-79 and APG-82 are some of its combat-proven products that enjoy solid demand in the global military radar market.Raytheon’s long-term earnings growth rate is pegged at 10.5%. The Zacks Consensus Estimate for RTX’s 2022 sales implies a 5.8% improvement from 2021’s reported figure.BAE Systems is at the forefront of radar tracking technology, delivering systems that provide precision tracking data to range commanders with superior situational awareness and various target tracking solutions. It has delivered numerous state-of-the-art land-based fixed, transportable, mobile as well as shipborne precision Time Space and Position Information tracking radar systems to domestic and international customers.BAE Systems boasts a long-term earnings growth rate of 7.2%. The Zacks Consensus Estimate for BAESY’s 2022 sales implies a 25.5% improvement over 2021’s reported figure.Price MovementIn the past year, shares of Lockheed Martin have rallied 11% against the industry’s fall of 44.1%. Image Source: Zacks Investment Research Zacks RankLockheed Martin currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Bae Systems PLC (BAESY): Free Stock Analysis Report Raytheon Technologies Corporation (RTX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 22nd, 2022

Is International Paper (IP) a Suitable Value Investor Stock?

Let's see if International Paper (IP) stock is a good choice for value-oriented investors right now from multiple angles. Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put International Paper Company IP stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:PE RatioA key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.On this front, International Paper has a trailing twelve months PE ratio of 10.6, as you can see in the chart below:Image Source: Zacks Investment ResearchThis level actually compares pretty favorably with the market at large, as the PE for the S&P 500 stands at about 17.35. If we focus on the long-term PE trend, International Paper’s current PE level puts it below its midpoint over the past five years.Image Source: Zacks Investment ResearchFurther, the stock’s PE compares favorably with the Zacks Basic Materials sector’s trailing twelve months PE ratio, which stands at 7.18. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers.Image Source: Zacks Investment ResearchWe should also point out that International Paper has a forward PE ratio (price relative to this year’s earnings) of just 8.90, so it is fair to say that a slightly more value-oriented path may be ahead for International Paper stock in the near term too.P/S RatioAnother key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings. Right now, International Paper has a P/S ratio of about 0.79. This is lower than the S&P 500 average, which comes in at 3.39 right now.  Also, as we can see in the chart below, this is below the highs for this stock in particular over the past few years.Image Source: Zacks Investment ResearchIf anything, IP is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading—at least compared to historical norms.Broad Value Outlook In aggregate,International Paper currently has a Zacks Value Score of A, putting it into the top 20% of all stocks we cover from this look. This makes International Paper a solid choice for value investors.  What About the Stock Overall? Though International Paper might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth Score of F and a Momentum Score of C. This gives IP a Zacks VGM score — or its overarching fundamental grade — of A. (You can read more about the Zacks Style Scores here >>)Meanwhile, the company’s recent earnings estimates have been encouraging. The current year has seen five estimates go higher in the past sixty days compared to three lower, while the full year 2021 estimate has seen three upward revision compared to one downward in the same time period.This has had a positive impact on the consensus estimate though as the current year consensus estimate has improved by 19.7% in the past two months, while the full year 2023 estimate has risen by 1.4%. You can see the consensus estimate trend and recent price action for the stock in the chart below:International Paper Company Price and Consensus International Paper Company price-consensus-chart | International Paper Company QuoteDespite this positive trend, the stock has a Zacks Rank #3 (Hold), which indicates expectations of in-line performance from the company in the near term.Bottom Line  International Paper is an inspired choice for value investors, as it is hard to beat its incredible line up of statistics on this front. A strong industry rank (among top 12% of more than 250 industries) further instils our confidence. In fact, over the past two years, the Zacks Paper and Related Products industry has clearly outperformed the market at large, as you can see below:Image Source: Zacks Investment ResearchSo, despite a Zacks Rank #3, we believe that bullish analyst sentiment and favorable industry factors make this value stock a compelling pick. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International Paper Company (IP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 22nd, 2022

Should Value Investors Consider Mercer (MERC) Stock Now?

Let's see if Mercer (MERC) stock is a good choice for value-oriented investors right now from multiple angles. Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Mercer International Inc. MERC stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:PE RatioA key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.On this front, Mercer has a trailing twelve months PE ratio of 3.57, as you can see in the chart below:Image Source: Zacks Investment ResearchThis level actually compares pretty favorably with the market at large, as the PE for the S&P 500 stands at about 17.35. If we focus on the long-term PE trend, Mercer’s current PE level puts it below its midpoint over the past five years.Image Source: Zacks Investment ResearchFurther, the stock’s PE compares favorably with the Zacks Basic Materials sector’s trailing twelve months PE ratio, which stands at 7.18. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers. Image Source: Zacks Investment ResearchWe should also point out that Mercer has a forward PE ratio (price relative to this year’s earnings) of just 2.01, so it is fair to say that a slightly more value-oriented path may be ahead for Mercer stock in the near term too.P/S RatioAnother key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings. Right now, Mercer has a P/S ratio of about 0.46. This is lower than the S&P 500 average, which comes in at 3.39 right now.  Also, as we can see in the chart below, this is below the highs for this stock in particular over the past few years.Image Source: Zacks Investment ResearchIf anything, MERC is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading—at least compared to historical norms.Broad Value Outlook In aggregate,Mercer currently has a Zacks Value Score of A, putting it into the top 20% of all stocks we cover from this look. This makes Mercer a solid choice for value investors.  What About the Stock Overall? Though Mercer might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth Score of F and a Momentum Score of C. This gives MERC a Zacks VGM score — or its overarching fundamental grade — of A. (You can read more about the Zacks Style Scores here >>)Meanwhile, the company’s recent earnings estimates have been encouraging. The current year has seen five estimates go higher in the past sixty days compared to three lower, while the full year 2021 estimate has seen three upward revision compared to one downward in the same time period.This has had a positive impact on the consensus estimate though as the current year consensus estimate has improved by 19.7% in the past two months, while the full year 2023 estimate has risen by 1.4%. You can see the consensus estimate trend and recent price action for the stock in the chart below:Mercer International Inc. Price and Consensus Mercer International Inc. price-consensus-chart | Mercer International Inc. QuoteThis bullish trend is why the stock boasts a Zacks Rank #1 (Strong Buy) and why we are expecting outperformance from the company in the near term.Bottom Line  Mercer is an inspired choice for value investors, as it is hard to beat its incredible line up of statistics on this front. A strong industry rank (among top 12% of more than 250 industries) and a Zacks Rank #1 further instils our confidence. In fact, over the past two years, the Zacks Paper and Related Products industry has clearly outperformed the market at large, as you can see below:Image Source: Zacks Investment ResearchSo, it might pay for value investors to delve deeper into the company’s prospects, as fundamentals indicate that this stock could be a compelling pick. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mercer International Inc. (MERC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 22nd, 2022

Geopolitical Conflict, Not Fed, is the Main Concern for Stocks

At this stage, it will be better to stay with quality stocks with a favorable Zacks Rank. These are: CSX, FDX, LMT, AVGO and EPD. Wall Street is feeling the tremors of record-high inflation and its aftershock in the form of an extremely hawkish Fed. Market participants across the globe are keenly watching the Fed, its tighter-than-expected monetary stances and their implications on the global financial setup. Major central banks are following the Fed in their fight to combat inflation.As of now, policy prescriptions of the Fed and each and every comment from Fed officials are creating a ruckus in the markets. Wall Street is melting steadily as the central bank is tightening its policies further in each FOMC meeting.However, a closer look into the current economic condition clearly indicates that it is not the Fed, but the geopolitical conflict caused by the Russia-Ukraine war that is the reason for the gloomy scenario. This four-month-old war has turned into the primary source of inflation.Supply-Side Driven InflationThe seeds of inflation were visible from March 2021. Robust pent-up demand supported by the astonishing savings of Americans (buoyed by unprecedented fiscal and monetary stimuli provided during the pandemic era), shifted the aggregate demand curve upward as the U.S. economy has reopened faster-than-expected driven by nationwide COVID-19 vaccinations.However, supply failed to catch-up with demand measurably due to coronavirus-led complete destruction of the global supply-chain system. Production costs climbed because of higher input costs and higher wages owing to the shortage of labor.Businesses did not find it problematic to shift higher costs of production to consumers as demand remained extremely strong. This resulted in the gradual increase of the price level, which is currently at a 40-year high.The global supply-chain system had shown initial recovery once the spread of the Omicron variant of coronavirus dwindled. Unfortunately, Russia’s invasion of Ukraine on Feb 24, significantly pushed up inflation.Commodity prices, especially the prices of crude oil and natural gas jumped, as Russia is the major supplier of these products in Europe. The NATO has imposed a sanction on Russian crude oil and its major financial institutions. Moreover, Russia is a major producer of important metals like platinum, palladium, copper, zinc etc. that are used as industrial inputs.Together, Russia and Ukraine are the major suppliers of wheat globally. Thus, food prices jumped immediately. Sensing a global food crisis, at least 23 countries from Asia and the Middle East stopped exporting major agricultural and poultry products. This resulted in a high level of food inflation.Since late last month, Russia has started restricting exports of inert or "noble" gases, such as neon, argon and helium to "unfriendly" countries. Russia is the largest producer of these products extensively used to manufacture high-end semiconductors worldwide.Demand-Side Therapies by The FedCentral Banks have no power to solve the global supply-chain system. They can adjust policy variables to cool the economy. Perhaps the Fed has considered inflation as “transitory” for too long. Several measures of inflation have elevated alarmingly since May 2021. Yet, in December, the central bank realized that inflation has turned into a genuine threat that needs to be tackled with harsher measures.The Fed raised the Fed Fund rate by 25 basis points in March, 50 basis points in May and 75 basis points in June. Fed Chairman Jerome Powell indicated a possible 75 basis point hike in July too. The central bank terminated the $120 billion per month quantitative easing program in March and started to systematically reduce the size of its $9 trillion balance sheet since June 2022. Yet, inflation is showing no signs of abatement.The Fed Chairman has reiterated his commitment to fighting inflation aggressively and bringing it down near the central bank’s targeted 2% without forcing the economy to go into recession. It remains to be seen how effective these policies are in containing inflation by hiking interest rate, squeezing liquidity and reducing demand.A large section of economists and financial experts are skeptical about a soft landing of the economy. They think that a recession is imminent in the U.S. economy, which otherwise has strong fundamentals despite the pandemic.Politics Dominates Economics - UnfortunatelyAt present, the lingering war between Russia and Ukraine is the biggest threat to the global economy. As long as this war continues, chances are bleak that we will get rid of the elevated inflation. Consequently, central banks will continue to adopt tougher monetary stances, resulting in an economic slowdown. The stock markets will react accordingly.Unfortunately, economists cannot solve this problem and a broad-based political will and accommodative thinking are needed to stop the war. However, no one knows when this political wisdom will become a reality, and an amicable solution will be found.Despite the free fall, Wall Street tried to rebound intermittently but failed to sustain the rallies in the absence of a genuine trigger. At present, that trigger can only be an end to the Russia and Ukraine war.  How to InvestMarkets may remain volatile in the near future. However, we expect a good recovery once Fed’s policy changes are adjusted fully in the market’s valuation. At this stage, it will be better to stay with quality stocks. Invest in U.S. corporate bigwigs (market capital > $50 billion) with a favorable Zacks Rank.These companies have a robust business model and globally acclaimed brand value. They have a strong balance sheet and generate solid free cash flow. Five of these are — CSX Corp. CSX, Lockheed Martin Corp. LMT, FedEx Corp. FDX, Broadcom Inc. AVGO and Enterprise Products Partners L.P. EPD.These stocks have strong potential for the rest of 2022 and have seen positive earnings estimate revisions in the last 30 days. Each of our picks carries a Zacks Rank # 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The chart below shows the price performance of our five picks in the past three months.Image Source: Zacks Investment Research 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report CSX Corporation (CSX): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 22nd, 2022

There"s a 50% chance of a global recession as central banks hike rates to curb inflation, says Deutsche Bank chief

"At least I would say we have 50% likelihood of a recession globally," Christian Sewing told Bloomberg. Moscow still faces the prospect of default, despite a last-minute payment this week.Getty Images The world economy faces a 50% chance of recession, according to the CEO of Deutsche Bank. The exec also said the chances of a recession in the US and Europe are higher than the bank's forecasts from before the Ukraine war.  Earlier this month, the Fed imposed its largest interest rate hike since 1994.  The global economy faces a 50% chance of recession as central banks around the world scramble to combat inflation, Deutsche Bank CEO Christian Sewing said at the Future of Finance Summit in Frankfurt Wednesday."At least I would say we have 50% likelihood of a recession globally," Sewing told Bloomberg.For the US and Europe specifically, he said the chances of a recession for the second half of 2023 are higher compared to the bank's forecasts from before the war in Ukraine.The world economy, Sewing added, is facing a slew of pressures, including inflation and supply-chain snags. He had anticipated that central banks would hike interest rates in response to soaring inflation, but the pace is surprising, he said. This month, the Federal Reserve imposed its single largest rate hike since 1994, lifting its benchmark rate by 75 basis points, as inflation in May ran far hotter than economists' expectations. That followed earlier rate hikes of 25 and 50 points, and Fed Chairman Jerome Powell said another 75-point increase is possible next month.Sewing joins other bank chiefs sounding alarms on the economy. Last month, JPMorgan CEO Jamie Dimon warned of a coming economic "hurricane." Also last month, Well Fargo chief Charlie Scharf said there was "no question" of an economic downturn, with a recession hard to avoid. And earlier this month, Morgan Stanley CEO James Gorman said there's a 50% chance of a recession but it will likely be mild.Meanwhile, Citi sees a 40% chance of a US recession going into next year. The bank's head of capital markets, Kristin Bitterly, told CNBC Tuesday that the Fed's hawkish moves will take time to set in, and may need as long as 18 months before any effects take hold. "We have the probability of a recession at about 40% going into next year. We wouldn't see that until next year just because the tightening that we're seeing around the Fed generally takes around 12 to 18 months to really show up in economic conditions," Bitterly said.Read the original article on Business Insider.....»»

Category: personnelSource: nytJun 22nd, 2022

Here"s Why Blackbaud (BLKB) Warrants a Bullish Stance Now

Blackbaud (BLKB) is well-poised to gain from accelerated cloud migration by enterprises taking place globally Blackbaud BLKB is one stock investors may consider adding to their portfolio to combat the highly-volatile market environment and make some gains from its upside potential. The company currently has a Zacks Rank #2 (Buy).Wall Street has been witnessing high volatility since the beginning of 2022 due to the pandemic and supply chain woes, inflation, increasing crude oil prices and a tougher Fed policy. Recently, the Federal Reserve announced the largest interest rate hike of 75 basis points or 0.75% since 1994 to tackle the rising inflation.Major U.S. indexes, including the Dow Jones Industrial Average and S&P 500, have plunged 17.7% and 23.2%, respectively, year to date.Also, the ongoing Russia-Ukraine war has made investors apprehensive about the global economic recovery. The macroeconomic and geopolitical uncertainties will likely continue weighing on investors’ sentiments, resulting in more volatility in the U.S. equity market.Blackbaud, Inc. Price  Blackbaud, Inc. price | Blackbaud, Inc. Quote Why BLKB Appears a Smart BetThe volatility in the market has weighed on the company’s performance on the trading front. However, the stock is down 36.7% from its 52-week high level of $86.96 reached on Nov 8, 2021, making it more affordable for investors.Blackbaud has an impressive earnings surprise history. The company outpaced estimates in three out of the trailing four quarters, delivering an average earnings surprise of 11.1%. The stock has long-term earnings per share (EPS) growth expectation of 5.7%.The Zacks Consensus Estimate of $2.75 per share for 2022 earnings suggests growth of approximately 1.1% from the year-ago period. For 2023, the consensus mark for earnings is pegged at $3.13, indicating a year-over-year increase of 2.3%.In the last reported quarter, Blackbaud’s total revenues increased 17.3% year over year to $257.1 million and surpassed the Zacks Consensus mark by 0.8%. The top line was driven by higher transactional volume and increases in contractual recurring revenues.Blackbaud expects non-GAAP revenues between $1.075 billion and $1.095 billion. The company projects a non-GAAP adjusted EBITDA margin in the range of 24-24.5%. Non-GAAP earnings are expected to be between $2.63 and $2.82 per share. Non-GAAP adjusted free cash flow for the year is forecast in the range of $165-$175 million.Strong Fundamental DriversHeadquartered in Charleston, SC, Blackbaud is a well-known cloud software company. The company offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes especially social good organizations, including fundraising, eMarketing, advocacy, constituent relationship management (“CRM”), corporate social responsibility ("CSR"), financial management, payment solutions, analytics and vertical-specific solutions.Blackbaud's cloud-based suite of applications demonstrates strong growth momentum driven by the transition of organizations from the traditional revenue-based model to the cloud-based subscription model. The overall growth expectation for the public cloud computing services market is very bullish. Exponential growth in the amount of data, the complexity of data formats and the need to scale resources at regular intervals compelled several companies to turn to cloud computing vendors. Considering the growing need for cloud-based applications and software, we anticipate Blackbaud's investments in this space to bolster long-term growth.Blackbaud remains active on the acquisition front and chooses companies that can be easily integrated into its existing or new product lines. In January 2022, the company acquired EVERFI in a cash and stock deal worth $750 million. EVERFI expands Blackbaud’s total addressable market or TAM to more than $20 billion. Half of the company’s TAM now represents the lucrative corporate sector, added Blackbaud.EVERFI provides Impact-as-a-Service (“IaaS”) solution and digital educational content, which is now being used by 45 million learners worldwide. The acquisition also provides cross-selling and upselling opportunities with Blackbaud’s YourCause solution.Blackbaud acquired YourCause in 2019 for nearly $157 million. The buyout has strengthened Blackbaud’s position as one of the industry leaders in offering enterprise philanthropy solutions to non-profit organizations and for-profit business organizations that deal with social concerns.The company’s JustGiving (2017) acquisition helped the company to expand its peer-to-peer fundraising abilities. Buyouts like AcademicWorks (2017) and Smart Tuition (2015) helped Blackbaud expand its offerings in the K-12 technology sector.However, coronavirus-led macroeconomic weakness and sluggish demand across small- and medium-sized businesses are major headwinds. A leveraged balance sheet adds to the risk of investing in the company. Blackbaud suspended dividend payouts to maintain near-term liquidity amid the COVID-19 crisis.Other Stocks to ConsiderA few other top-ranked stocks from the broader technology sector worth consideration are InterDigital IDCC, Avnet AVT and Vishay Intertechnology VSH. Avnet and InterDIgital sport a Zacks Rank #1, while Vishay Intertechnology carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Vishay Intertechnology’s 2022 earnings is pegged at $2.68 per share, rising 10.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 22.7%.Vishay Intertechnology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 5%. Shares of VSH have declined 16.7% in the past year.The Zacks Consensus Estimate for InterDigital 2022 earnings is pegged at $3.28 per share, up 43.9% in the past 60 days. IDCC’s long-term earnings growth rate is pegged at 15%.InterDigital’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, with the average being 141.1%. Shares of IDCC have lost 18.9% of their value in the past year.The Zacks Consensus Estimate for Avnet’s fiscal 2022 earnings is pegged at $6.83 per share, rising 20.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 37.2%.Avnet’s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average being 21.22%. Shares of Avnet have grown 7.7% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Avnet, Inc. (AVT): Free Stock Analysis Report InterDigital, Inc. (IDCC): Free Stock Analysis Report Blackbaud, Inc. (BLKB): Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 21st, 2022

Here"s Why Onto Innovation (ONTO) is an Attractive Bet Now

Onto Innovation (ONTO) is likely to benefit from the growing demand for semiconductors and advanced packaging. Onto Innovation ONTO is one stock investors may consider adding to their portfolio to combat the highly-volatile market environment and make some gains from its upside potential.Wall Street has been facing extreme volatility due to various economic factors. The Federal Reserve announced the biggest interest rate hike of 75 basis points or 0.75% since 1994 to tackle the rising inflation, which has reached a 40-year high in the United States.The ongoing Russia-Ukraine war, increased crude oil prices and pandemic-induced supply chain woes have made investors uncertain about the global economic recovery.Onto Innovation Inc. Price Onto Innovation Inc. price | Onto Innovation Inc. QuoteThe above-mentioned factors are taking a toll on major U.S. indices. Year to date, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 have plunged 18.3%, 31.8% and 23.4%, respectively.In such a scenario, growth-rated stocks, such as Onto Innovation can boost one’s portfolio. Amid the current bearish market due to the factors mentioned above, ONTO has only lost 3% in the past year compared with the Computer and Technology industry’s 28.7% decline.Why Invest in Onto Stock?The current economic and financial instability has forced investors to invest in stocks with solid fundamentals and management to hedge their funds from any economic downturn.ONTO stock is down 36.6% from its 52-week high level of $106.09 on Jan 14, 2022, making it more affordable for investors.Onto innovation has an impressive earnings surprise history. The company outpaced estimates in all the trailing four quarters, delivering an earnings surprise of 11.32%, on average.Apart from having solid fundamentals, Onto Innovation has the favorable combination of a Growth Score of A and a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 or #2 and a Growth Score of A or B offer solid investment opportunities.The Zacks Consensus Estimate of $5.16 per share for fiscal 2022 earnings has increased 5.95% in the past 60 days. For fiscal 2023, the consensus mark for earnings is pegged at $5.66, up 0.53% over the past 60 days.Onto Innovation reported first-quarter 2022 earnings of $1.31 per share, rising 79% year over year and beating the Zacks Consensus Estimate by 12.93%.Revenues of $241 million beat the Zacks Consensus Estimate by 4.7%. The top line grew 43% year over year.Strong Fundamental DriversOnto Innovation is the leading manufacturer of avant-garde process control tools that perform macro defect inspections and metrology and lithography systems. The company was formed through a merger between Nanometrics Incorporated and Rudolph Technologies on Oct 25, 2019.Onto Innovation is well-positioned to gain from the increased demand for semiconductors as industries worldwide are trying to automate their products and services.On the last earnings call, management noted that the company signed agreements worth $390 million for inspection and metrology solutions across the front and back-end applications for 2022. This represents year-over-year growth of 40%.The adoption of Iris cleaner film metrology is witnessing steady traction. The company has bagged several orders from the latest NAND customer. The company also announced the first shipment of the Dragonfly G3 system with the new EB40 module to a semiconductor manufacturer. The module has been pre-ordered by 11 customers. Integrating the Dragonfly G3 system with the EB40 module enables all-surface wafer inspection and provides a new algorithm for defect detection.The global semiconductor market is set to reach $893.10 billion by 2029, at a CAGR of 9.2% between 2022 and 2029, per Fortune business insights.Other Stocks to ConsiderSome other top-ranked stocks from the broader technology space are InterDigital IDCC, Vishay Intertechnology VSH and Avnet AVT. InterDigital and Avnet currently sport a Zacks Rank #1, whereas Vishay Intertechnology holds a Zacks Rank #2.The Zacks Consensus Estimate for InterDigital’s 2022 earnings is pegged at $3.28 per share, increasing 5.13% in the past 60 days. The long-term earnings growth rate is anticipated to be 15%.InterDigital’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 141.13%. Shares of IDCC have declined 19% in the past year.The Zacks Consensus Estimate for Vishay Intertechnology’s 2022 earnings is pegged at $2.68 per share, rising 10.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 22.7%.Vishay Intertechnology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.96%. Shares of VSH have declined 16.7% in the past year.The Zacks Consensus Estimate for Avnet’s fiscal 2022 earnings is pegged at $6.83 per share, rising 20.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 37.2%.Avnet’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 21.22%. Shares of Avnet have grown 7.7% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Avnet, Inc. (AVT): Free Stock Analysis Report InterDigital, Inc. (IDCC): Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH): Free Stock Analysis Report Onto Innovation Inc. (ONTO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 21st, 2022

Huntington Ingalls (HII) Wins $240M Deal to Build LPD 32

Huntington's (HII) Ingalls Shipbuilding unit is going to provide long-lead-time material along with performing detailed design and construction of LPD 32. Huntington Ingalls Industries, Inc.’s HII business segment, Ingalls Shipbuilding, recently clinched a modification contract involving landing platform dock (“LPD”) 32. The Naval Sea Systems Command Washington, D.C., has offered the award.Details of the DealValued at $240 million, the contract is projected to be completed by December 2024. Per the terms, Ingalls Shipbuilding will provide long-lead-time material and perform detailed design and construction of LPD 32.This contract modification includes options, which, if exercised, would bring its cumulative value  to $1.56 billion. On exercising these options, work for this contract will continue through March 2031.A major portion of the work related to this deal will be carried out in Pascagoula, MS.LPDs and Huntington IngallsLPDs, also known as amphibious transport dock ships, are designed to deliver equipment and supplies ashore to the U.S. Navy, using air cushion or conventional landing craft and amphibious assault vehicles. These, in turn, are supported by helicopters or vertical takeoff and landing aircraft such as the MV-22 Osprey.These ships aim at supporting amphibious assault, special operations, expeditionary warfare and humanitarian missions. For Huntington, LPD is a long-running production program of expeditionary warfare ships in which the company has generated efficiencies through ship-over-ship learning.The San Antonio class (LPD 17) is the newest addition to the U.S. Navy's 21st-century amphibious assault force, and these ships are crucial to the U.S. Navy's sea-base transformation. In 2022, Huntington Ingalls delivered Fort Lauderdale (LPD 28). The company is currently constructing Richard M. McCool Jr. (LPD 29) and Harrisburg (LPD 30).Considering such developments, the latest contract involving the construction of yet another LPD indicates the solid demand that Huntington Ingalls enjoys in the naval warfare market.Looking AheadPer the latest report by Mordor Intelligence, the global naval vessels market’s worth is expected to increase $253 billion during the 2022-2031 period at a CAGR of 12.8%. This, in turn, should boost the growth of various assault ships, including LPDs. Huntington Ingalls, being a major shipbuilding giant, is likely to benefit.Other major combat shipbuilding companies across the globe like General Dynamics GD, Bae Systems BAESY and Mitsubishi Heavy Industries MHVYF should also benefit from such market projections.General Dynamics has been serving the U.S. Navy by constructing and delivering next-generation combat ships for decades. The company is a co-contractor with Huntington Ingalls for the construction of many assault ships.General Dynamics boasts a long-term earnings growth rate of 9.8%. The Zacks Consensus Estimate for 2022 sales implies an improvement of 2.7% from the 2021 reported figure.Bae Systems designs and manufactures naval ships and submarines, along with their state-of-the-art combat systems and equipment. It also offers an array of associated services, including training solutions, maintenance and modernization programs to support ships and equipment in service around the world.BAE Systems boasts a long-term earnings growth rate of 7.2%.  The Zacks Consensus Estimate for 2022 sales indicates an improvement of 25.5% from the 2021 reported figure.Mitsubishi Heavy Industries manufactures naval surface ships as well as submarines. The company also provides after-sales service for destroyers and submarines.Mitsubishi Heavy Industries delivered an earnings surprise of 7.24% in the last reported quarter. The Zacks Consensus Estimate for fiscal 2023 sales suggests an improvement of 5% from the 2021 reported figure.Price Movement In a year’s time, shares of Huntington Ingalls have lost 5.8% compared with the industry’s 44.5% decline.Image Source: Zacks Investment ResearchZacks RankHuntington Ingalls currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Dynamics Corporation (GD): Free Stock Analysis Report Bae Systems PLC (BAESY): Free Stock Analysis Report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Mitsubishi Heavy Industries, Ltd. (MHVYF): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 21st, 2022

Despite Crashing Stocks And Cryptos, Retail Investors Just Won"t Stop Buying All The Dips

Despite Crashing Stocks And Cryptos, Retail Investors Just Won't Stop Buying All The Dips Something remarkable is taking place in the markets: despite a near record 10 out of 11 weekly drops in the S&P500... ... and a now unprecedented and record 11 of 12 weekly declines in the Dow Jones average... ... retail investors are buying the dip, again and again and again and so on. And not only that, their buying gets more aggressive the lower stocks slide. According to the latest EPFR data, investors plowed a whopping $16.6bn to stocks, all of it passive of course, with $32.3BN to ETFs offset by $15.7bn from mutual funds, bringing the YTD ETF inflows to $328BN vs $117BN in long-only outflows. Last week also saw the 6th consecutive week of inflows into US equities, with a breakdown by style as follows: inflows to US small cap ($6.6bn), US value ($5.8bn), US large cap ($5.5bn); with only outflows from US growth ($0.4bn). Broken down by sector, there were inflows into tech ($0.8bn) - the first in 9 weeks... ... materials ($0.3bn), healthcare ($0.3bn), utilities ($0.1bn) while on the other side, there were outflows from communication services ($74mn), consumer ($0.2bn), energy ($0.3bn), real estate ($0.5bn), financials ($1.6bn), which has now seen outflows for 12 straight weeks, something which wouldn't happen if markets were expect anything but a stagflation. Last week also saw the 1st inflow to EM equities in 6 weeks ($1.3bn), as well as the largest inflow to US small cap since Dec’21 ($6.6bn), to US value in 13 weeks ($5.8bn); meanwhile capital flight continued from Japan, with outflows from the past 4 weeks ($1.1bn) and Europe which has seen non-stop outflows for past 18 weeks ($1.0bn). Meanwhile, as US equity inflows prove remarkably resilient, the same can not be said for credit, which just suffered the largest outflows since Mar’20 from junk bonds ($7.8bn), bank loans ($2.1bn), and munis ($4.9bn). In fact, as BofA's Michael Hartnett calculates, for every $100 of inflow since Jan’20, there has been $35 of outflow from IG + HY + EM debt vs $0 from equities... ... suggesting that the capitulation has been in credit... ... and crypto ... but not stocks – why we Hartnett is worried that equity lows are still not in. The latest analysis from Vanda Research confirms that far from capitulating, retail investors continue to pile in with little signs of waning retail enthusiasm. VandaTrack data showed a robust buy-the-dip activity by retail investors last Monday as markets tumbled into a bear market, with the total net inflow reaching +US$ 1.8BNn on the day. That said, the aggregate net buying appears predominantly driven by investors with a long-term investment horizon that are willing to continue Dollar-Cost-Averaging into a sliding stock market. Even so, Vanda believes that there must be a pain threshold for short-term losses – albeit it is proving more elusive than we initially thought. Meanwhile, the impressive retail flow in the cash market has yet to show signs of capitulation, although as Vanda cautions, retail sentiment can change quickly, especially towards the last innings of a sell-off when the bottom usually sets in). And until we wait, here are some more stats: first, the drawdown of the average retail portfolio is now -34%:  larger than in any other recent sell-off episode, including March 2020! One difference between now and prior sell-offs lies in the speed of the drawdown. During March 2020, for instance, the S&P 500 dropped by 30% in just over a month, while the current drawdown is in its 6th month (and counting). This slow-burn slide has two implications: retail investors may take longer to run out of capital to invest as they keep collecting paychecks (assuming the labour situation remains stable) and, losses are less “traumatic” as investors usually suffer from “short memory” bias. All told, these two factors plus the expectation that the Fed will capitulate soon enough, contribute to retail’s resilience for now. Outside the cash market, options flows still point to overall weakening sentiment as investors traded more put than call options in recent days (which is also one of the reasons selling pressure has been muted since so many are hedged). The difference in call-put premium traded by retail investors was relatively small at -$55MM on Monday. According to Vanda, those in the retail community engaging in the options market are primarily hedging themselves for any further downside via put options in Exchange Traded Funds (SPY, QQQ, HYG, etc.) however, the total option imbalance was mainly driven by institutional investors buying protection. Despite continued buying pressure, there are days when selling overtakes demand. Case in point, the lack of retail demand likely amplified the large sell-off at the market open on Monday as most of the retail inflows into US equities were concentrated towards the end of the day. The sizeable net inflow at the close was still insufficient to drive a tactical rebound – unlike prior instance. However resilient retail investors have been this year, they could not overpower the institutional investor selling pressure following headlines of a possible 75 bps FOMC hike this week. Another potential warning sign: the breadth of retail purchases is deteriorating again, though it is not flashing any red flags. The total number of US securities (ETFs and single stocks) bought vs. those sold is decreasing. This is a sign of narrowing market breadth due to retail investors directing their capital towards a more concentrated basket of assets. As a historical aside, the two weeks before any retail capitulations had witnessed approx. five days of negative breadth and the number of securities net-sold being -250 or less, on average. We’re not there yet. Adding to the confusion, another of Vanda's favorite capitulation indicators is actually showing improvement signs: in a reversal of the trend from the past month, purchases of single stocks relative to ETFs have picked up again. In the past, when the going got rough, retail investors tended to rotate away from single stock purchases and direct capital towards broad ETFs. This behaviour tended to coincide with weak market periods where conviction in stock-picking abilities dwindled, and retail investors found refuge in more diversified instruments. Only when net selling in single stocks and ETFs concurrently happened did market bottoms form. As the chart below shows, using a 1-month rolling sum, we note that retail net flows sit well above prior key capitulation levels for both instruments. One final sentiment indicator to track is retail participation crypto where once contrary to expectations, retail keeps piling in and providing exit liquidity to institutional investors dumping crypto proxy names. With BTC and ETH tumbling below $20K and $1,000 respectively, it is no surprise that publicly listed crypto-related companies are also experiencing selling pressure. However, the VandaTrack data shows that retail crowds are taking this opportunity to buy into crypto-related stocks and ETFs to the tune of $570MM over the past 10 trading days – a pace not seen since Jan ‘21. There are currently a lot of moving parts in crypto land, with the latest panic selling likely triggered several big protocols and funds (Celsius/3AC) gating and blocking user redemptions or simply liquidating. But why does this matter? Well, we have recently highlighted how older cohorts of the retail community have started reducing exposure to riskier assets while younger and more speculative investors continue to hang on. Monitoring activity around crypto-related plays can give us early signs of capitulation as this is a highly speculative area of the markets. Tyler Durden Sat, 06/18/2022 - 14:00.....»»

Category: dealsSource: nytJun 18th, 2022

The Big Business of Being a Peloton Instructor

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

Category: topSource: timeJun 16th, 2022

75+ sweet gift ideas for your girlfriend that span all of her interests

We rounded up 76 thoughtful gifts to give your girlfriend, from keepsake jewelry to helpful tech and fitness accessories. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.We rounded up 76 thoughtful gifts to give your girlfriend, from keepsake jewelry to helpful tech and fitness accessories.Brightland/SonosGiving gifts as a couple can be a lot of fun. You know your partner: What they love, what rituals they enjoy, what small daily annoyances you could possibly solve with a thoughtful gift. You also know how much they'll appreciate a gift that comes from you.Odds are you want to give them something wonderful — whatever your price range is. All most of us need is a little direction and a few great options to pick from, so we put together a list of our favorite gift ideas for girlfriends of all personalities and interests to help guide you.Check out 76 great gifts for your girlfriend in 2022:Home and kitchenA small cold brew coffee makerAmazonAirtight Cold Brew Iced Coffee Maker, available at Amazon, $35.99This small cold brew maker (available in 1-liter and 1.5-liter options) makes coffee's less acidic, smoother cousin cold brew in 12 hours in the fridge, so there's a minimal hassle and always a treat ready in the morning on your girlfriend's way out the door to work. A weighted blanket for better restAmazonYnM Weighted Blanket, available at Amazon, $36.50Weighted blankets help create more restful sleep by "grounding" the body, and YnM makes some of the most popular and affordable weighted blankets on the internet. There are multiple sizes and weights for the ideal fit and width (they recommend picking whichever is about 10% of your body weight), and the segmented design allows you to move around without displacing all the weighted beads inside. A high quality scented candle she'll light all the timeNordstromKacey Musgraves and Boy Smells Slow Burn Candle, available at Nordstrom, from $46Kacey Musgrave's collaboration with Boy Smells, a popular emergent candle brand, is woody and dark, with hints of smoked papyrus and amber with ginger and black pepper. We also love Otherland if you're looking for a gift from another on-the-rise startup she may have seen ads for online. For traditional candles, we'd recommend going with Le Labo, Diptyque, and Byredo if they're within your budget. A standing desk for a home office upgradeFullyJarvis Bamboo Standing Desk, available at Fully, from $509.15If she's working from home, your girlfriend might love a home office upgrade the most. We ranked the Fully Jarvis the best standing desk; it provides the right blend of features and reliable performance. Its customizations for style, height, and accessories make it adaptable to pretty much any need. A Dutch oven to elevate their bread gameLodgeLodge Enameled Cast Iron Dutch Oven, available at Walmart, $79.90Did your girlfriend get into baking bread and, miraculously, stay committed to it? If so, a really nice Dutch oven can help elevate her experience. You can get something great for under $100, or you can splurge on a beautiful Le Creuset. Other meaningful upgrades include a cooling rack, according to the famous baker Apollonia Poilâne.A framed keepsake of a favorite memoryFramebridgeFramed photo, available at Framebridge, from $49Gift Card, available at Framebridge, from $25Framebridge makes custom framing a bit more affordable. You can print or paint something on your own and have it framed, or have them print and frame it, and you can take advantage of the team of designers for help deciding what frame to get. A one-size-fits-all lid that instantly declutters the cabinetsMade InSilicone Universal Lid Kit, available at Made In, $69This was one of the gifts that professional chefs recommended to us for avid home cooks. If your girlfriend loves to cook and has a plethora of differently sized pots and pans with all the corresponding lids, having one universal lid can declutter and streamline their space in one move. A customized map of her favorite placeGrafomapCustom Map Poster, available at Grafomap, from $49Grafomap lets you design custom maps of anywhere in the world — like the first place you met, the best trip you ever took together, or the hometown she couldn't wait to show you. It's unique, thoughtful, and pretty inexpensive.  You can find our full review here.An 8-in-1 pan that helps to declutter your homeOur PlaceAlways Pan, available at Our Place, $145If you're spending more time at home cooking together — or re-organizing the kitchen — she may appreciate a good 8-in-1 cookware hack.The Always Pan from startup Our Place is a frying pan, saute pan, steamer, skillet, saucier, saucepan, non-stick pan, spatula, and spoon rest in the space of a single pan. In other words, a clever generalist that's extremely convenient for small spaces or minimalist cooks. You can read our review here.Personalized cartoon couple mugsUncommon GoodsPersonalized Family Mugs, available at Uncommon Goods, from $30These cute mugs can be personalized for what you're like as a couple, making for a special weekend morning coffee routine or just a nice reminder in the kitchen cabinet. On the back, you can add a family name and the year the couple was established if you'd like. A large print on fine art paper of a favorite memoryartifact uprisingLarge Format Prints, available at Artifact Uprising, from $19Artifact Uprising makes luxury prints at accessible prices — and they make especially thoughtful gifts that look like they should cost much more. Get one of their favorite photos printed on archival fine art paper for $20 and up, or thoughtful cards for as little as $1 per custom card. You can also make a color series photo book for $19, a set of prints for $8, and a personalized calendar on a handcrafted wood clipboard for $26.A mug that keeps hot drinks hot for up to six hours straightHydro FlaskHydro Flask Mug, 12 oz, available at Hydro Flask, from $24.95This mug is a common desk companion for the Insider Reviews team. The 12-ounce coffee mug has the company's proprietary TempShield insulation that made its water bottles famous. This mug will keep hot drinks hot for up to six hours, and cold drinks cold up to 24 hours. Read our full review of it here.Comfy, high-end sheets at the best price on the marketBrooklinenLuxe Hardcore Sheet Bundle, available at Brooklinen, from $231.41Brooklinen is one of our favorite companies, point-blank. We think they make the best high-end sheets at the best price on the market, and most of the Insider Reviews team uses Brooklinen on their own beds.The Luxe Hardcore Sheet Bundle comes in plenty of colors and patterns, and you can mix and match them to suit your taste. Grab a gift card if you want to give her more freedom. If you opt for a sheet bundle, she'll receive a core sheet set (fitted, flat, two pillowcases), duvet cover, and two extra pillowcases in a soft, smooth 480-thread-count weave.A houseplant that arrives already potted and is easy to care forLeon & GeorgeSilver Evergreen, available at Leon & George, from $149Leon & George is a San Francisco startup that will send beautiful plants — potted in stylish, minimalist pots — to your girlfriend's door. All she has to do is to occasionally add water. Flowers are wonderful, but houseplants have a much longer shelf life, and most of Leon & George's options are very easy to care for. We'd also recommend checking out Bloomscape for small plant trios under $70.  A beautiful bouquetUrban StemsFlower Bouquets, available at Urban Stems, $55Send flowers to her doorstep. We're fans of UrbanStems; Its bouquets are one of the best things we've ever tested. If you're looking for something that won't be gone after a couple of weeks, you'll also find options for potted plants and low-maintenance, decor-friendly dried bouquets.A pasta maker you can use togetherWilliams SonomaImperia Pasta Machine, available at Williams Sonoma, $149.95Bring the pasta maker and the fixings to make a delicious meal together. It's relatively easy to get the hang of, and you can enjoy quality time with the bonus of incredible ravioli or fettuccine on the other end of it. Food and drinksDelicious sweets from a famous NYC bakeryMilk BarMilk Bar Treats, available at Milk Bar, from $27If your girlfriend has a sweet tooth, send her Milk Bar — the company delivers its iconic and decadent cakes, cookies, and truffles to her doorstep.Her favorite specialty food straight from the sourceGoldbelly/InstagramOrder her favorite specialty foods using Goldbelly, from $28Goldbelly makes it possible to satisfy your girlfriend's most specific and nostalgic cravings no matter where they live in the US — a cheesecake from Junior's, deep dish pizza from Lou Malnati, and more. Browse the iconic gifts section for inspiration. A subscription that sends her a six-month world tour of teasAtlas Tea ClubAtlas Tea Club 6 Month Subscription, available at Atlas Tea Club, $99This subscription sends your girlfriend single-origin teas from the best tea-growing regions in the world for six months. She'll get two delicious options sent to her home each month.A gift card to a popular wine subscription clubWincGift Card, available at Winc, from $50Winc is a personalized wine club — and we think it's the best one you can belong to overall. Members take a wine palate profile quiz and then choose from the personalized wine suggestions. Each bottle has extensive tasting notes and serving recommendations online, and makes it easy to discover similar bottles. Gift her a Winc gift card, and she can take a wine palate profile quiz and get started with her own customized suggestions. A gift card for delicious, healthy meals she can make in about 30 secondsDaily HarvestGift Card, available at Daily Harvest, from $50Daily Harvest is a food startup that makes it possible to eat healthy, delicious meals for less than $10 each even if you only have 30 seconds to spare for prep time. Meals are pre-portioned, delicious, and designed by both a chef and a nutritionist to make sure they're tasty and good for you. It addressed most of my healthy eating roadblocks. The internet's favorite olive oilBrightlandAwake Olive Oil, available at Brightland, $37Brightland's olive oils make great gifts for cooks and anyone else who loves to entertain. The white bottles protect the EVOO from light damage and look nice displayed on a countertop. Find a full review here. A cooking class from one of the nation's top chefsCozymeal/InstagramGift Card, available at Cozymeal, from $50With a Cozymeal class, you and your girlfriend can learn how to make anything from fresh pasta to Argentinian staple dishes from the nation's top chefs. In addition to cooking classes, Cozymeal offers food tours in various cities (when it's safe to do so). Fancy popcorn and a movie nightWilliams SonomaAmish Popcorn Gift Set, available at Williams Sonoma, from $29.95Make a reservation at a nice outdoor restaurant, stock up on your girlfriend's favorite movie candy and some fun drinks ahead of time (wrap them for an extra wow-factor), and create your own in-house cinema experience. Or, perhaps even better, order a bunch of take-out from your favorite local restaurants.A subscription to a coffee service that sends coffees specifically for her taste preferencesDriftaway Facebook3-Month Subscription, available at Driftaway Coffee, from $54If your girlfriend loves coffee, she'll probably love to try Driftaway. It's a gourmet coffee subscription that gets smarter the longer you use it, remembering your preferences and steering you towards increasingly accurate brews for your specific tastes. The first shipment will be a tasting kit with four coffee profiles, which she'll rate online or in the app to start getting personalized options.TechThe best Apple Watch we've triedAppleApple Watch Series 7, available at Amazon, from $383.97If you're looking for a great gift and not concerned about staying in an under-$200 budget, we'd recommend the Apple Watch Series 7.Currently, we think it's the best Apple Watch. The Series 7 can charge up to 80% in 45 minutes, and it's the most advanced version with features such as blood oxygen saturation measuring and an electrocardiogram scanner to detect abnormalities in the heart's rhythm. The best noise-canceling headphonesAmazonSony Noise-Canceling Wireless Headphones, available at Amazon, $348If your girlfriend is into music, the best gift is the one that improves her everyday music-listening experience. For that, we recommend our favorite noise-canceling headphones — Sony's WH-1000XM4 — that balance sound quality, noise cancellation, and comfort at a solid price.You can find more good noise-canceling headphone options here.A tracker for finding cell phones and wallets quicklyAmazonTile Pro, available at Amazon, $34.99When your girlfriend can't find her phone, all she has to do is click the Tile button to make her phone ring, even if it's on silent. We've found them especially useful lately. Apple AirPods Pro for when she's on the moveCrystal Cox/Business InsiderApple AirPods Pro, available at Amazon, $197We love Apple's AirPods Pro for Apple users. They're no-hassle, work with Apple products, have decent sound and noise cancellation, are water-resistant, have a wireless charging case, and feel more comfortable than standard AirPods. You'll find more wireless earbuds we love here.A new waterproof Kindle Paperwhite for reading anywhereAmazonKindle Paperwhite, available at Amazon, $139.99If your girlfriend is a reader, we'd suggest looking at Amazon's new Kindle Paperwhite; it's the company's thinnest and lightest yet, with double the storage. Perhaps the best features are that it's waterproof and has a built-in adjustable light for the perfect reading environment indoors or outdoors, day or night. If she loves a nice, relaxing bath, pair this with a caddy, bath bombs, and a glass of wine for a relaxing night in that you've already taken care of.A small, portable projector to curl up and watch movies withAmazonNebula Projector, available at Amazon, $249.99This is one of the most portable (and affordable) projectors. It's about the size of a soda can, weighs one pound, and has crisp image quality and 360° sound. Use it at home or bring it with you on your travels. Find a full review of the Anker Nebula Capsule here. A powerful, customizable massage gunTheragunTheragun PRO, available at Therabody, $599This is the best massage gun we've tested — though it's also on the higher end of what you would expect to pay. We loved it in part due to its two-year warranty, adjustable massage arm, customizable speeds, 60 lbs of no-stall force, six different heads, an extra battery, and how easy it is to use. If you can't give your girlfriend an unlimited pass to professional massages, this is a nice in-between option. A convenient phone sanitizerPhoneSoapPhoneSoap 3 Smartphone UV Sanitizer, available at PhoneSoap, $79.95This small, easy-to-use device uses UV-C light to sanitize a phone, killing 99.9% of common household germs.The new Sonos Move portable speakerAmazonSonos Move, available at Best Buy, $399.99The Sonos Move is one of the best speakers on the market. It's powerful, can be controlled by voice or an app, and has Amazon Alexa built-in so on WiFi you can play music, check the news, set alarms, get your questions answered, and more, without much effort.Clothing and accessoriesA pair of beautiful pearl earrings she'll own for years to comeStone and StrandElliptical Pearl Huggies, available at Stone and Strand, $250Pearls are timeless, but they're also one of the jewelry trends we're keeping an eye on in 2022. This pair, from the women-led startup Stone and Strand, is made with 14K gold with freshwater pearls.A versatile exercise dressOutdoor VoicesThe Exercise Dress, available at Outdoor Voices, $100Given the popularity of the Exercise Dress, we wouldn't be surprised if this was on your girlfriend's wish list. The Exercise Dress is comfortable, versatile, and cute — which has made it a cult-favorite item. If she's a fan of dresses, Outdoor Voices, or clothes she can wear all day long, this may be a good option. A delicate, timeless diamond necklaceAurateDiamond Bezel Necklace, available at Aurate, $320This is something your girlfriend will wear and own forever. A delicate diamond necklace is an essential piece and will (probably) never go out of style. This option is from one of our favorite startups, AUrate — an ethical fine jewelry startup founded by two women from the Netherlands and Morocco, respectively. The best socks she'll ever wearBombasWomen's Performance Running Ankle Sock 3-Pack, available at Bombas, $49.50Bombas makes the best socks we've ever tried, and they're a gift we find ourselves giving every year to loved ones. They're lightweight, moisture-wicking, and built to circumvent annoyances like uncomfortable seams and heel slipping.Earrings made with her birthstoneMejuriAmethyst Flat Sphere Studs, available at Mejuri, $148If your girlfriend wears jewelry, birthstone earrings that she can keep forever are a thoughtful, personalized gift she'll wear often.  Matching underwear from one of the internet's favorite startupsMeUndiesMatching Underwear, available at MeUndies, $40Get yourself and your girlfriend festive matching underwear — which also happen to be some of the most comfortable pairs we've ever found. MeUndies gives you the options to create your own personalized set — two styles listed for women, two styles listed for men, a mix, and whichever length or cut you and your partner prefer. A monogrammed jewelry case from a minimalist fashion startupCuyanaLeather Jewelry Case, available at Cuyana, $98 (+ $15 for monogram)Keeping track of tiny and delicate jewelry is difficult — but jewelry cases are a pretty and useful solution. This is a thoughtful and personalized gift, especially if you've gotten your girlfriend jewelry in the past, or plan to in the future. It's made from premium leather, comes in many colors, and can be monogrammed with her initials. Cuyana is a cool leather bag startup she may have already heard of. A pair of blue-light-blocking glasses that look good enough to wear outside of the houseFelix GrayFaraday Glasses, available at Felix Gray, from $95If she's ever complained about strain from constant screens, you can help mitigate it with a pair of blue-light-blocking glasses. They might even help with sleep.A stylish, savvy carry-on with an external battery packAwayCarry-On, available at Away, from $275Away's hyper-popular suitcases deserve their hype. Their hard shell is lightweight but durable, their 360° spinner wheels make for seamless traveling, and the external (and ejectable and TSA-compliant) battery pack included can charge a smartphone five times over so she never has to sit behind a trash can at the airport for access to an outlet again. It's also guaranteed for life by Away. Find our full review here.Silky, breathable leggingsEverlanePerform Leggings, available at Everlane, $68Everlane's Perform Leggings are some of our all-time favorites — they're breathable and silky, like a slightly less expensive version of Alo leggings. You can read a full review of the Everlane Perform Leggings and see pictures of them here.The comfiest sneakersAllbirdsWomen's Wool Runners, available at Allbirds, $110The classic Wool Runners make a great gift for the uninitiated, though we'd also highly recommend the brand's casual cup sole Wool Piper for everyday wear if that's more your partner's style. You can find our full review of the Runners here, and the Wool Pipers here.A satin-lined beanieAndrea Bossi/Business InsiderKink & Coil Satin-Lined Beanie, $36Most people with naturally curly hair avoid wearing hats to reduce frizz, but Kink and Coil's satin-lined beanie solves that issue. Just like a silk pillowcase or a bonnet, the inside of the beanie is designed to protect your hair from frizz and damage. On top of that, the pom-pom can be removed, if she'd prefer to wear the hat without it.We spoke with a trichologist to learn more about how satin- and silk-lined beanies can benefit anyone with curly or high-porosity hair. A cashmere crew from Everlane that she'll own foreverEverlaneThe Cashmere Crew, available at Everlane, $145For a closet staple she'll own for years to come, Everlane's $120 Cashmere Crew (available in various colors) is about the safest choice you can make. Everlane has plenty of great gifts (you can find the Everlane basics we wear repeatedly here), so you can't really go wrong. A stylish leather makeup pouch that's thoughtful and easy to travel withDagne DoverHunter Toiletry Bag, available at Dagne Dover, from $40Dagne Dover is quickly becoming one of the best women's handbag companies to know, and its toiletry pouches are a great and relatively affordable gift. The small size holds a handful of go-to toiletries, and the large should have enough space for all of the grooming essentials.A comfy zip-up for the months aheadPatagoniaBetter Sweater, available at Patagonia, from $139Patagonia makes our favorite athleisure options overall, and that definitely includes the Better Sweater. It works in pretty much any environment — in the office, at home, on a hike, or on a casual night out — and has zippered pockets to keep hands warm in the cold months. We're also big fans of the 1/4 Zip option.A stylish weekender to keep her organized on the goCaraa SportStudio Tote, available at Caraa, from $180Caraa Sport makes some of the most functional and best-looking gym bags on the market. This one can transition from tote to backpack by adding straps. It also has a hidden shoe compartment and a waterproof and antimicrobial lining. You can read our full review of this bag here.A pair of silky sweatsAloTailored sweatpants, available at Alo, $118These feel like sweats (in a knit jersey material) but have the sort of tailored fit that you'll find in a nice pair of trousers. So, they feel wonderful and look a bit nicer than the average pair. A new pair of comfy BirkenstocksNordstromBirkenstocks, available at Nordstrom, $134.95If your girlfriend wears the unbelievably comfortable Birkenstocks most days, she might appreciate a new, unblemished pair. They're also in style. BeautyThe best bathrobe money can buyParachuteClassic Turkish Cotton Robe, available at Parachute, $87.20We think the Parachute Classic Turkish Cotton Robe is the best robe on the market. It's soft, fluffy, and absorbent like a towel. It's also got nice deep pockets and a secure waist tie.The cult-favorite hair repair conditioner on her wish listAmazonOlaplex No. 3 Hair Repairing Treatment, available at Amazon, $28This is one gift that will have your girlfriend asking you, "how did you know about this?" If Olaplex isn't already in her shower, it might be on her wish list. The Olaplex No. 3 is good for any hair type and is meant to reduce breakage and strengthen hair from within.16 highly-rated sheet masksAmazonDermal Sheet Mask Set, available at Amazon, $22.99Grab 39 sheet masks to make it easier for your girlfriend to have a frequent and well-deserved "treat yourself" day. These are highly rated and have both vitamin E and collagen included for healthy, happy skin.   The Dyson Airwrap she's seen all over the internetBest BuyDyson Airwrap Complete Styler, available at Best Buy, $599.99The Dyson Airwrap is a minor internet celebrity — so it might already be on your girlfriend's wish list. It replaces three hair devices (blow dryer, straightener, and curling iron) and uses a technology similar to jet engines. In the end, it's a way to get a salon-grade blowout at home, and different attachments let her achieve different styles. Find a Dyson Airwrap review with photos here.But, the cost is a whopping $549, and there are some decent alternatives on the market for far less ($30-$150). If you're looking for a less splashy gift, the Dyson Hair Dryer is also excellent. A small skincare tool that removes 99.5% of dirt, oil, and makeup residueAmazonForeo Luna Play Plus 2, available at Foreo, $89In the category of things your girlfriend may love but hasn't asked for yet: Foreo facial brushes. Our team swears by these gentle yet effective cleansing devices. They have hygienic silicone bristles and come in five different models for different skin types. The Luna is small enough to bring on the go, so your partner can maintain their skincare routine while traveling. A cult-favorite hair towel that reduces damage and cuts drying time by 50%AquisAquis Rapid Dry Hair Towel, available at Anthropologie, $30Aquis' cult-favorite hair towels can cut the amount of time it takes for her hair to dry in half — a claim we're happy to report holds up. The proprietary fabric also means there's less damage to wet hair while it dries. An award-winning at-home facialSephoraDrunk Elephant T.L.C. Sukari Babyfacial, available at Sephora, $80This is an award-winning mask with a big following in the beauty and skincare community. It's $80, but it's an at-home pro-quality facial your girlfriend can use anytime — which is a fraction of the price required for regular facials.Fitness and hobbiesAn expertly designed plannerAmazonSelf Journal, available at Amazon, $31.99 The Self Journal is an undated, 13-week planner that's designed for daily use and quarterly planning. It helps its owner break projects and goals into manageable chunks. We love it.If she's working towards a big goal, this could be a really thoughtful resource — especially if it's the kind of goal you can't help her achieve otherwise.A funny card that pays homage to your girlfriend's favorite TV showEtsySuccession Cousin Greg Birthday Card, available at Etsy, from $4.66You could pick up a card from Walgreens on your way to exchange gifts, but it's so much more thoughtful if you think ahead. For that, we suggest heading to Etsy for affordable, creative, and unique gifts.As Cousin Greg said, "if it is to be said, so it is…"A 215-piece art kit for creative projectsAmazonArt 101 215-Piece Wood Art Set, available at Amazon, $43.70If your girlfriend loves to create art, this 215-Piece art kit includes everything she'll need for projects: crayons, colored pencils, oil pastels, fine line markers, watercolor cakes, and acrylic paint.Tickets to an excellent future concertStubHubConcert Tickets Gift Card, available at StubHub, starting at $25No matter when your girlfriend's favorite musicians are performing again, a gift card for concert tickets won't go to waste — and it gives both of you something to look forward to.A high-tech towel that keeps her from slipping around during yoga classesMandukaManduka Yogitoes Yoga Mat Towel, available at Amazon, from $46.72Manduka is known for making the best yoga products, and their Yogitoes towel is one of the most loved. It has tiny 100% silicone nubs on one side that grab yoga mats and keep yogis from slipping around during the exercise. Having a good towel can make a big difference. It also comes in 19 great colors and gets eco-friendly points. Each Yogitoes towel is made from eight recycled plastic water bottles, and made with dyes free of azo, lead, or heavy metal. A video message from someone she loves almost as much as youCameoCameo Video Messages, available at Cameo, from $1Whether it's your girlfriend's favorite actor, comedian, or athlete, you're likely to find someone she admires on Cameo. Cameo allows celebrities to send custom video messages to recipients for nearly any occasion, and a personalized video is a gift that she'll never forget. A disposable camera that doesn't take you out of the momentGamesgamer024 The gamer/YouTubeDisposable camera, available at Target, $15.99Interested in preserving memories without taking yourself out of them? A good disposable camera or a film camera can take the pressure away from perfection so you and your girlfriend can focus on just savoring experiences together.A planned trip for the two of you to take togetherAirbnbAirbnb Gift Card, available at Airbnb, from $25If you want to gift an experience you and your girlfriend can enjoy together, grab a card, a gift card to Airbnb, and come up with a few location ideas to choose from. You can also book a hotel in your city on Booking.com or Expedia for a sweet staycation. *This gift can be saved and used at a later date.A pass to get into a bunch of boutique fitness classesClasspassClassPass Gift Card, available at ClassPass, from $5Boutique fitness classes are expensive, which can make trying new workouts — either for variety or to figure out what we like — less appealing. ClassPass solves both issues. It's relatively affordable, and members can access a neverending catalog of great workouts with small class sizes. If your partner is getting back into fitness after over a year of at-home workouts, we'd highly recommend a gift card here for whenever they're ready to use it.A year-long MasterClass membership to learn about things she's passionate aboutMasterClassAnnual Membership, available at MasterClass, from $180/yearWe love MasterClass because it kind of feels like entertainment. Classes are short, there's no homework, and she can listen to just the audio like it's a podcast.The site hosts classes taught by well-known celebrities and industry leaders — from Neil deGrasse Tyson teaching Scientific Thinking and Communication to Malcolm Gladwell on Writing, Shonda Rhimes on Writing for Television, and Bob Iger on Business Strategy and Leadership. You can read our full review here.A sleek fitness tracker that includes heart rate monitoringFitbitFitbit Inspire 2, available at Best Buy, $99.95Fitbit's affordable Inspire 2 tracker has no shortage of useful features to keep someone informed about their physical activity — tracking calorie burn, resting heart rate, and heart rate zones.An exercise bike for staying active indoorsNordicTrackCommercial S22i Studio Cycle, available at NordicTrack, $1,899If money is of no object and your partner is trying to figure out how to exercise while staying indoors, an exercise bike is a particularly thoughtful and useful gift right now. We like the NordicTrack option the most overall, but we also like and recommend options that are under $200. A card game that's meant to deepen personal connectionsUrban OutfittersWe're Not Really Strangers Card Game, available at Urban Outfitters, $30This card game, from the popular Instagram account We're Not Really Strangers, is designed to enhance connections between people with different levels: perceptions, connection, and reflection. Not only is it a card game you haven't played before, but it's also a thoughtful activity you can enjoy with your girlfriend.A great foam rollerTB12Vibrating Pliability Roller, available at TB12, $160If your girlfriend is very physically active, a foam roller is a nice gift to aid in her workout recovery and soreness. This one is our favorite because it has four levels of vibration, a pattern that targets muscle groups, and a durable exterior. But, if your budget doesn't fit a $160 foam roller, never fear — we like some under-$50 options too. A subscription to a book club that sends her great hardcovers once per monthBook of the Month/Instagram3-Month Subscription, available at Book of the Month, $49.99If she's a bookworm, Book of the Month is an especially thoughtful and unique gift — it's a book club that has been around since 1926, and it's credited with discovering some of the most beloved books of all time ("Gone with the Wind" and "Catcher in the Rye" to name a couple). If you gift her a subscription, she'll receive a hardcover book delivered to her door once a month. Books are selected by a team of experts and celebrity guest judges.If she's really more into audiobooks or e-reading now rather than hardcovers, check out a gift subscription to Scribd (full review here).Hiking boots she'll thank you forREIForge GTX Hiking Boots, available at REI, $174.73Hiking boots are the MVP of hiking gear, and the right shoes can make all the difference thanks to their fit, ankle support, cushioning, and tread. Overall, we'd recommend getting the Tecninca Forge GTX boots – they're the best overall pair. But you can find suggestions for specific hikes — a pair for backpacking, a day hiking pair — in our buying guide to the best feminine hiking shoes here.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 10th, 2022

You asked, we answered: "Help! What should I get my dad for Father"s Day this year?"

We share Father's Day gift ideas for all kinds of dads, whether they live nomadic lifestyles, love expensive tech, or hate getting "stuff." Prices are accurate at the time of publication.We share Father's Day gift ideas for all kinds of dads, whether they live nomadic lifestyles, love expensive tech, or hate getting "stuff."Cotopaxi; Amazon; Atlas Coffee Club; InsiderWhen you buy through our links, Insider may earn an affiliate commission. Learn more.Father's Day is around the corner (June 19 this year). Those of us with dads who are notoriously difficult to shop for may wind up kicking the task down the road, hoping the perfect present for someone who "wants nothing" will fall out of the sky.A Father's Day gift advice column isn't exactly like a eureka-level gift dropping from heaven, but it's a pretty decent alternative. I've been an Insider Reviews journalist testing, researching, and ranking products for over five years. Gift guides (of which we've written thousands) are kind of like our Olympic event.This year, to debut our gifting column, we asked: who are you shopping for this Father's Day, and what does your dad need, hate, love, and value? We recommended a handful of custom gifts within different price ranges that we think their father or father-figure would like, with the hopes that readers with similar dads can get inspired, too.Below, you'll find descriptions of the dads our coworkers are shopping for — and expert recommendations for what to buy them (and dads like them) this Father's Day.The Apple and audiobook enthusiast who needs little elseCrystal Cox/InsiderMy dad's favorite gifts are always tech-related. He wears an Apple watch I got him every day and is obsessed with his Alexa. Even the last-minute gift I grabbed him once — an Audible subscription — ended up garnering a lot of excitement. He loves podcasts, history audiobooks, and just being plugged into world news in general (ideally with his noise-canceling headphones).The problem is, there's only so much tech a person can have, tech gifts don't really feel "special," and they can be expensive! I've gotten him more specific gifts in the past like a puzzle or a DIY beer brewing kit, but they collect dust. What can I get him that he'll still like, but that feels more creative (and budget-friendly) than another Apple device?—Technically StuckIf dad enjoys historical audiobooks (and hasn't read this one yet), he will probably love "Say Nothing," which covers The Troubles in Ireland. Investigative journalist Patrick Radden Keefe tells a spellbinding tale of memory, identity, and violence that's impossible to put down. "Say Nothing: A True Story of Murder and Memory in Northern Ireland"$27.56 FROM AMAZONFor something tech-adjacent that's also personal, I'd recommend a new wallet. The Bellroy Apex Sleeve has RFID-blocking technology for card security, and it's made in premium leather that should age nicely. He'll use it every day and he'll think of you when he does. We ranked it the best masculine wallet you can buy. Bellroy Apex Sleeve$129.00 FROM BELLROY$129.00 FROM AMAZONIf he's really more of a tech guy than an analog anything and he's a reader, consider getting him a Kindle if he doesn't already have one. It's still tech, but it might feel a bit more personal if you mention some of the titles you specifically think he'd like to download onto it (like "Say Nothing"). Our favorite for most people is the Kindle Oasis, but you'll find reviews and recommendations on which model to buy for who in our best e-readers guide here.Amazon Kindle Oasis (8GB)$249.99 FROM AMAZONLastly, sometimes it's best to just go with what's made Dad happy in the past. If he really loves tech, we rounded up some of the best tech gifts for Father's Day.The tech-savvy traveler Flashpop/Getty ImagesMy dad dreams of being a minimalist who can travel anywhere at a moment's notice. Therefore, I'm not really leaning towards a material gift that'll just sit in a storage unit, but rather something that can actually support him on his traveling nomad journey. I've considered an Airbnb gift card, but it doesn't feel personal enough or a guidebook, but he's so tech-savvy that he'll just plan out a whole trip on Google Maps! What can I get him that is travel-friendly and fun, but not a physical item? —Travel WearyFirst off, I'd recommend looking into the Priority Pass, which gives him access to over 1,300 airport lounges around the world. All he has to do is slip it into his wallet, and he'll have a more pleasant traveling experience — thanks to you. If that doesn't feel personal enough, you can always pick up an in-flight cocktail kit to go with it.Priority Pass Standard Membership Plan$99.00 FROM PRIORITY PASSThe Cocktail Box Co. Gin & Tonic$22.00 FROM REIIf you want to go for a grand gesture, you could also book a trip for the two of you. You can even pick up a custom boarding pass with a scratch-off destination reveal on Etsy, if you live for a little drama.APaperParadise Custom Boarding Pass Card$12.75 FROM ETSYI get wanting to avoid something that collects dust in a storage unit. But have you considered physical gifts that he may want to use nonstop? I'm thinking of this I-can't-believe-how-much-it-fits Cotopaxi backpack we swear by for travel, or the Hydaway Collapsible Water Bottle, Trtl Pillow, or an external battery so he never gets caught without a digital boarding pass or lost somewhere new without a charge. If he's open to new things, these will improve his nomadic lifestyle.Cotopaxi Allpa 42L Travel Pack$220.00 FROM COTOPAXIAnker PowerCore 10000$34.99 FROM AMAZONTravelCard Plus$39.00 FROM TRAVELCARDHydaway Collapsible Water Bottle$27.95 FROM AMAZONTrtl Neck Support Travel Pillow$34.99 FROM AMAZONLastly, if he loves to travel because he's curious about other places, he might enjoy a coffee subscription that sends him delicious single-origin coffee from across the globe for him to try. You can opt for whole beans to prolong its freshness, just in case they're delivered while he's out of town, too. Atlas Coffee Club$9.00 FROM ATLAS COFFEEFor more gift ideas, check out our travel gift guide here.The non-materialistic dad Yoshiyoshi Hirokawa/Getty ImagesMy dad isn't a materialistic guy. He wouldn't use tech and doesn't particularly love to cook or garden. He's had the same clothes for years. He loves learning about history, but he usually likes to reread his favorite books rather than new ones. He's into zen and meditation, and loves to take walks and lift at the gym. He also loves his downtime — watching movies, eating his favorite snacks, and talking to his kids. I don't want to get him "stuff" he won't use or need. What's something small, meaningful, and/or convenient that I could get him for less than $200? -Zen on a BudgetIf Dad loves to reread his favorite books, and he likes to enjoy a long walk, consider combining them into one activity with an Audible subscription. This way, he can take books on his walks with him. Audible Gift Membership (3 Months)$45.00 FROM AMAZONIf possible, you can also pool your resources with the rest of your family and book an Airbnb for a staycation together. Grab some games to play together or plan to take long walks together in nature and watch Dad's favorite movies. Pack the little things that matter – his favorite coffee and snacks, books to read while Dad is enjoying the quiet — and give Dad what he loves most: quality time with you.Airbnb Gift Card$50.00 FROM AMAZONIf your dad has had the same clothes for years, he'll appreciate a new addition that's well-made and durable. I recommend the Ten Thousand Versatile Shirt or Darn Tough socks which he can use year-round. The Ten Thousand Versatile Shirt is on the Insider Reviews All-Time Best list of our favorite 100 products, and you can read a review of the Ten Thousand Versatile Shirt here and the Darn Tough socks here.Darn Tough Treeline Micro Crew Cushion Sock$23.95 FROM AMAZONTen Thousand Versatile Shirt$54.00 FROM TEN THOUSANDLastly, if Dad likes to travel and appreciates being in the most beautiful parts of the US for his long walks, you can get him a national parks annual pass and save him a lot of money — the $80 pass will get him plus three other adults in one vehicle in for free to most US national parks, which usually cost between $20-$35 per person to enter. National Park Service Annual Pass$80.00 FROM NATIONAL PARK SERVICEFor more Father's Day gift ideas, you may want to check out our Father's Day gift guides, like funny Father's Day gifts, inexpensive gifts, or gifts for dads who want nothing. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 8th, 2022

Neogen (NEOG) to Offer New Biosecurity Solution in Canada

Neogen's (NEOG) newest addition to the biosecurity portfolio is anticipated to curb the spread of diseases like COVID-19 and avian influenza. Neogen Corporation NEOG recently gained approval from the Natural and Non-Prescriptive Health Products Directorate Branch of Health Canada to distribute Neogen Viroxide Super across the country. The new biosecurity solution is effective against a variety of industry-relevant bacteria and viruses, including COVID-19 and avian influenza.The latest authorization adds to the clearances from other global regulatory agencies, including the U.S. Environmental Protection Agency (EPA), for using the disinfectant to combat the spread of disease.The Neogen Viroxide Super strengthens Neogen’s comprehensive suite of biosecurity offering, which was developed for use in the company’s agricultural markets and to prevent disease spread.More on the Neogen Viroxide SuperThe Neogen Viroxide Super is a peroxygen-based powder disinfectant containing potassium peroxymonosulfate and sodium chloride as active ingredients. It allows for rapid broad-spectrum disinfection as part of a comprehensive biosecurity program and can be used to disinfect animal housing and equipment, boot baths, vehicles, and other hard, non-porous surfaces. The product works well in hard water and its preparation is made easier by a color change to green when it is ready to use.Image Source: Zacks Investment ResearchPer management, the biosecurity solution is ideal for use in production and companion animal facilities, farm premises and aquaculture environments. It aids in protecting animals, food and people from bacteria and viruses.Industry ProspectsPer a report by Coherent Market Insights, the global disinfectants market is set to witness a CAGR of 6% during 2020 to 2027. The growing demand for disinfectants from water treatment and healthcare industries can be attributable to market growth.Given the market potential, the regulatory approval for the Neogen Viroxide Super in Canada seems well-timed.Other Notable DevelopmentsIn June 2022, Neogen noted the launch of Prozap Gamma-Defense Insect Control Solution for poultry producers. The Prozap Gamma-Defense is a micro-encapsulated, slow-release insecticide for use in and around poultry, and other livestock housing, buildings and structures. The solution will control litter beetles, flies, fleas, ticks, and other listed pests. The new insect control solution for poultry producers is the latest addition to the company’s Prozap product line.In May 2022, the company, in collaboration with Gencove, announced the launch of InfiniSEEK — an innovative, cost-effective solution for whole genome sequencing and targeted SNP analysis. InfiniSEEK is Neogen's first commercial product developed on the Gencove software and analysis platform. It allows for simultaneous low-pass whole genome sequencing and high-coverage genotyping at regions of interest. This development will enable Neogen to continue offering advanced genomic solutions, strengthening the global foothold.Share Price PerformanceShares of NEOG have underperformed its industry in the past year. The stock has lost 43% in a year compared with the industry's fall of 23.8%.Zacks Rank and Key PicksCurrently, Neogen carries a Zacks Rank #3 (Hold).A few better-ranked stocks in the broader medical space are AMN Healthcare Services, Inc. AMN, Medpace Holdings, Inc. MEDP and UnitedHealth Group Incorporated UNH.AMN Healthcare has a long-term earnings growth rate of 1.1%. The company surpassed earnings estimates in the trailing four quarters, delivering a surprise of 15.6%, on average. It currently flaunts a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.AMN Healthcare has outperformed its industry in the past year. AMN has gained 2.9% against the industry’s 64.6% fall.Medpace has a historical growth rate of 27.3%. Medpace’s earnings surpassed estimates in the trailing four quarters, the average surprise being 17.1%. It currently has a Zacks Rank #2.Medpace has outperformed its industry in the past year. MEDP has declined 14.2% compared with the industry’s 64.6% fall.UnitedHealth has an estimated long-term growth rate of 14.8%. UnitedHealth’s earnings surpassed estimates in the trailing four quarters, the average surprise being 3.7%. It currently carries a Zacks Rank #2.UnitedHealth has outperformed the industry over the past year. UNH has gained 22% compared with 18.3% industry growth in the said period. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report AMN Healthcare Services Inc (AMN): Free Stock Analysis Report Neogen Corporation (NEOG): Free Stock Analysis Report Medpace Holdings, Inc. (MEDP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 7th, 2022

The 32 best enemies-to-lovers books to swoon over this summer, from fun rom-coms to seductive fantasy novels

From classics like "Pride and Prejudice" to newer hits like "Beach Read," these are some of the best enemies-to-lovers books. Prices are accurate at the time of publication.Some of the best enemies-to-lovers books include "Pride and Prejudice," "The Hating Game," and "Red, White & Royal Blue."Amazon; Rachel Mendelson/InsiderWhen you buy through our links, Insider may earn an affiliate commission. Learn more. Enemies-to-lovers is one of the most popular romance tropes. Readers love witnessing bitter rivalries dissolve into a sweet love. You might recognize classic enemies-to-lovers stories like "Pride and Prejudice." The romance genre is full of unique and adorable love stories but with so many different facets of the genre, subgenres or "tropes" have emerged such as "fake dating," "forced proximity," or "enemies-to-lovers." Tropes offer an outline for the plot from which exciting plots and memorable characters emerge and allow readers to find their favorite romance style again and again. "Enemies-to-lovers" is one of the best and most popular tropes that you might recognize from classics like "Pride and Prejudice" or bestsellers like "Red, White & Royal Blue." Whether they're set on a fabulous island or a darkly magical land, here are some of readers' favorite enemies-to-lovers romance reads.The 32 best enemies-to-lovers books in 2022:Descriptions are provided by Amazon and lightly edited for length."Pride and Prejudice" by Jane AustenAmazonAvailable on Amazon and Bookshop from $6.99When Elizabeth Bennet first meets eligible bachelor Fitzwilliam Darcy, she thinks him arrogant and conceited; he is indifferent to her good looks and lively mind. When she later discovers that Darcy has involved himself in the troubled relationship between his friend Bingley and her beloved sister Jane, she is determined to dislike him more than ever. Jane Austen's best-loved novel is an unforgettable story about the inaccuracy of first impressions, the power of reason, and above all, the strange dynamics of human relationships and emotions."Dating Dr. Dil" by Nisha SharmaGoodreadsAvailable on Amazon and Bookshop from $13.60Simone Larkspur loves her job as a pastry expert for a cookbook publisher until the company pivots to video and Simone finds herself stumbling and failing to create great content. When Simone's new kitchen test manager effortlessly and infuriatingly becomes a viral sensation, Simone is forced to work with Ray and their obnoxious personality in close quarters. In "Chef's Kiss", everything gets even more complicated when Ray comes out as nonbinary to a swell of mixed reactions — and Simone must choose between her career and the person who's been slowly melting her heart."Chef's Kiss" by TJ AlexanderAmazonAvailable on Amazon and Bookshop from $13.60Simone Larkspur is a perfectionist pastry expert with a dream job at The Discerning Chef, a venerable cookbook publisher in New York City. But when The Discerning Chef decides to bring their brand into the 21st century by pivoting to video, Simone is thrust into the spotlight and finds herself failing at something for the first time in her life.To make matters worse, Simone has to deal with Ray Lyton, the new test kitchen manager, whose obnoxious cheer and outgoing personality are like oil to Simone's water. But the more they work together, the more Simone realizes her heart may be softening like butter for Ray.Things get even more complicated when Ray comes out at work as nonbinary to mixed reactions—and Simone must choose between the career she fought so hard for and the person who just might take the cake (and her heart)."West Side Love Story" by Priscilla OliverasGoodreadsAvailable on Amazon and Bookshop from $11.66Having grown up in the nurturing household of Casa Capuleta, Mariana will do anything for familia. To solve her adoptive parents' financial problems amid their rapidly changing San Antonio comunidad, Mariana and her younger sisters are determined to win the Battle of the Mariachi Bands. That means competing against Hugo Montero, their father's archnemesis, and his band and escalating a decades-old feud. To Angelo Montero's familia, Mariana is also strictly off-limits. But that doesn't stop him from pursuing her. As their secret affair intensifies and the competition grows fierce, they're swept up in a brewing storm of betrayals, rivalries, and broken ties. "She Gets the Girl" by Rachael Lippincott and Alyson DerrickAmazonAvailable on Amazon and Bookshop from $14.32Alex Blackwood is a little bit headstrong, with a dash of chaos and a whole lot of flirt. Molly Parker has everything in her life totally in control, except for her complete awkwardness with just about anyone besides her mom. She knows she's in love with the impossibly cool Cora Myers. She just…hasn't actually talked to her yet.When Alex, fresh off a bad (but hopefully not permanent) breakup, discovers Molly's hidden crush as their paths cross the night before classes start, they realize they might have a common interest after all. Because maybe if Alex volunteers to help Molly learn how to get her dream girl to fall for her, she can prove to her ex that she's not a selfish flirt. As the two embark on their five-step plans to get their girls to fall for them, though, they both begin to wonder if maybe they're the ones falling…for each other."The Stand-In" by Lily ChuAmazonAvailable on Amazon and Bookshop from $11.99Gracie Reed is doing just fine. Sure, she was fired by her overly "friendly" boss, and yes she still hasn't gotten her mother into the nursing home of their dreams, but she's healthy, she's (somewhat) happy, and she's (mostly) holding it all together.But when a mysterious SUV pulls up beside her, revealing Chinese cinema's golden couple Wei Fangli and Sam Yao, Gracie's world is turned on its head. The famous actress has a proposition: due to their uncanny resemblance, Fangli wants Gracie to be her stand-in. The catch? Gracie will have to be escorted by Sam, the most attractive―and infuriating―man Gracie's ever met."Beach Read" by Emily HenryAmazonAvailable on Amazon and Bookshop from $7.36A romance writer who no longer believes in love and a literary writer stuck with their respective writer's blocks engage in a summer-long challenge that may just upend everything they believe about happily ever afters. They strike a deal designed to force them out of their creative ruts: Augustus will spend the summer writing something happy, and January will pen the next Great American Novel. Everyone will finish a book, and no one will fall in love. Really."The Spanish Love Deception" by Elena ArmasAmazonAvailable on Amazon and Bookshop from $17.99A wedding. A trip to Spain. The most infuriating man. And three days of pretending. Or, in other words, a plan that will never work.Four weeks wasn't a lot of time to find someone willing to cross the Atlantic — from NYC and all the way to Spain — for a wedding. Let alone someone eager to play along with my charade. But that didn't mean I was desperate enough to bring the 6'4 blue-eyed pain in my ass standing before me: Aaron Blackford. The man whose main occupation was making my blood boil had just offered himself to be my date, right after inserting his nose in my business and calling me delusional and himself my best option. Was it worth the suffering to bring my colleague and bane of my existence as my fake boyfriend to my sister's wedding? Or was I better off coming clean and facing the consequences?"Poison Study (The Chronicles of Ixia Book 0)" by Maria V. SnyderAmazonAvailable on Amazon and Bookshop from $11.59About to be executed for murder, Yelena is offered an extraordinary reprieve. She'll eat the best meals, have rooms in the palace — and risk assassination by anyone trying to kill the Commander of Ixia.And so, Yelena chooses to become a food taster. But the chief of security, leaving nothing to chance, deliberately feeds her Butterfly's Dusté, and only by appearing for her daily antidote will she delay an agonizing death from the poison.As Yelena tries to escape her new dilemma, disasters keep mounting. Rebels plot to seize Ixia, and Yelena develops magical powers she can't control. Her life is threatened again, and choices must be made. But this time, the outcomes aren't so clear."A Touch of Darkness" by Scarlett St. ClairAmazonAvailable on Amazon and Bookshop from $14.54Persephone is the Goddess of Spring by title only. The truth is, since she was a little girl, flowers have shriveled at her touch. After moving to New Athens, she hopes to lead an unassuming life disguised as a mortal journalist. Hades, God of the Dead, has built a gambling empire in the mortal world, and his favorite bets are rumored to be impossible. After a chance encounter with Hades, Persephone finds herself in a contract with the God of the Dead, and the terms are impossible: Persephone must create life in the Underworld or lose her freedom forever. The bet does more than expose Persephone's failure as a goddess, however. As she struggles to sow the seeds of her freedom, love for the God of the Dead grows — and it's forbidden."The Hating Game" by Sally ThorneAmazonAvailable on Amazon and Bookshop from $9.19Lucy Hutton and Joshua Templeman hate each other. Not dislike. Not begrudgingly tolerate. Hate. And they have no problem displaying their feelings through a series of ritualistic passive aggressive maneuvers as they sit across from each other, executive assistants to co-CEOs of a publishing company. Lucy can't understand Joshua's joyless, uptight, meticulous approach to his job. Joshua is clearly baffled by Lucy's overly bright clothes, quirkiness, and Pollyanna attitude.Now up for the same promotion, their battle of wills has come to a head, and Lucy refuses to back down when their latest game could cost her her dream job… But the tension between Lucy and Joshua has also reached its boiling point, and Lucy is discovering that maybe she doesn't hate Joshua. And maybe, he doesn't hate her either. Or maybe this is just another game."Red Queen" by Victoria AveyardAmazonAvailable on Amazon and Bookshop from $6.98Mare Barrow's world is divided by blood — those with common, Red blood serve the Silver-blooded elite, who are gifted with superhuman abilities. Mare is a Red, scraping by as a thief in a poor, rural village until a twist of fate throws her in front of the Silver court. Before the king, princes, and all the nobles, she discovers she has an ability of her own.To cover up this impossibility, the king forces her to play the role of a lost Silver princess and she is betrothed to one of his sons. As Mare is drawn further into the Silver world, she risks everything and uses her new position to help the Scarlet Guard — a growing Red rebellion — even as her heart tugs her in an impossible direction."Beautiful Disaster" by Jamie McGuireAmazonAvailable on Amazon and Bookshop from $9.90The new Abby Abernathy is a good girl. She doesn't drink or swear, and she has the appropriate number of cardigans in her wardrobe. Abby believes she has enough distance from the darkness of her past, but when she arrives at college with her best friend, her path to a new beginning is quickly challenged by Eastern University's Walking One-Night Stand.Travis Maddox, lean, cut, and covered in tattoos, is exactly what Abby wants — and needs — to avoid. He spends his nights winning money in a floating fight ring and his days as the ultimate college campus charmer. Intrigued by Abby's resistance to his appeal, Travis tricks her into his daily life with a simple bet. If he loses, he must remain abstinent for a month. If Abby loses, she must live in Travis's apartment for the same amount of time. Either way, Travis has no idea that he has met his match. "Red, White & Royal Blue" by Casey McQuistonAmazonAvailable on Amazon and Bookshop from $9.97What happens when America's First Son falls in love with the Prince of Wales?When his mother became President, Alex Claremont-Diaz was promptly cast as the American equivalent of a young royal. Handsome, charismatic, genius ― his image is pure millennial-marketing gold for the White House. There's only one problem: Alex has a beef with the actual prince, Henry, across the pond. And when the tabloids get hold of a photo involving an Alex-Henry altercation, U.S./British relations take a turn for the worse.Heads of family, state, and other handlers devise a plan for damage control: Staging a truce between the two rivals. What at first begins as a fake, Instragramable friendship grows deeper  and more dangerous than either Alex or Henry could have imagined. Soon Alex finds himself hurtling into a secret romance with a surprisingly unstuffy Henry that could derail the campaign and upend two nations and begs the question: Can love save the world after all? Where do we find the courage, and the power, to be the people we are meant to be? "The Shadows Between Us" by Tricia LevensellerAmazonAvailable on Amazon and Bookshop from $10.99Alessandra is tired of being overlooked, but she has a plan to gain power:1) Woo the Shadow King.2) Marry him.3) Kill him and take his kingdom for herself.No one knows the extent of the freshly crowned Shadow King's power. Some say he can command the shadows that swirl around him to do his bidding. Others say they speak to him, whispering the thoughts of his enemies. Regardless, Alessandra knows what she deserves, and she's going to do everything within her power to get it.But Alessandra's not the only one trying to kill the king. As attempts on his life are made, she finds herself trying to keep him alive long enough for him to make her his queen ― all while struggling not to lose her heart. After all, who better for a Shadow King than a cunning, villainous queen?"The Viscount Who Loved Me: Bridgerton (Bridgerton Book 2)" by Julia QuinnAmazonAvailable on Amazon and Bookshop from $9.19This time the gossip columnists have it wrong. London's most elusive bachelor Anthony Bridgerton hasn't just decided to marry — he's even chosen a wife! The only obstacle is his intended's older sister, Kate Sheffield — the most meddlesome woman ever to grace a London ballroom. The spirited schemer is driving Anthony mad with her determination to stop the betrothal, but when he closes his eyes at night, Kate's the woman haunting his increasingly erotic dreams...Contrary to popular belief, Kate is quite sure that reformed rakes do not make the best husbands — and Anthony Bridgerton is the most wicked rogue of them all. Kate's determined to protect her sister — but she fears her own heart is vulnerable. And when Anthony's lips touch hers, she's suddenly afraid she might not be able to resist the reprehensible rake herself..."The Cruel Prince" by Holly BlackAmazonAvailable on Amazon and Bookshop from $10.99Of course, I want to be like them. They're beautiful as blades forged in some divine fire. They will live forever. And Cardan is even more beautiful than the rest. I hate him more than all the others. I hate him so much that sometimes when I look at him, I can hardly breathe.Jude was seven years old when her parents were murdered, and she and her two sisters were stolen away to live in the treacherous High Court of Faerie. 10 years later, Jude wants nothing more than to belong there, despite her mortality. But many of the fey despise humans — especially Prince Cardan, the youngest and wickedest son of the High King.To win a place at the Court, she must defy him — and face the consequences."Wuthering Heights" by Emily BronteAmazonAvailable on Amazon and Bookshop from $7.36Lockwood, the new tenant of Thrushcross Grange, situated on the bleak Yorkshire moors, is forced to seek shelter one night at Wuthering Heights, the home of his landlord. There he discovers the history of the tempestuous events that took place years before. What unfolds is the tale of the intense love between the foundling Heathcliff and Catherine Earnshaw. Catherine, forced to choose between passionate, tortured Heathcliff and gentle, well-bred Edgar Linton, surrendered to the expectations of her class. As Heathcliff's bitterness and vengeance at his betrayal are visited upon the next generation, their innocent heirs must struggle to escape the legacy of the past."The Unhoneymooners" by Christina LaurenAmazonAvailable on Amazon and Bookshop from $8.44Olive Torres is used to being the unlucky twin: From inexplicable mishaps to a recent layoff, her life seems to be almost comically jinxed. By contrast, her sister Ami is an eternal champion… she even managed to finance her entire wedding by winning a slew of contests. Unfortunately for Olive, the only thing worse than constant bad luck is having to spend the wedding day with the best man (and her nemesis), Ethan Thomas.Olive braces herself for wedding hell — determined to put on a brave face. But when the entire wedding party gets food poisoning, the only people who aren't affected are Olive and Ethan. Suddenly there's a free honeymoon up for grabs, and Olive will be damned if Ethan gets to enjoy paradise solo.Agreeing to a temporary truce, the pair head for Maui. After all, 10 days of bliss is worth having to assume the role of loving newlyweds, right? But the weird thing is… Olive doesn't mind playing pretend. In fact, the more she pretends to be the luckiest woman alive, the more it feels like she might be."If I Never Met You" by Mhairi McFarlaneAmazonAvailable on Amazon and Bookshop from $10.72When her partner of over a decade suddenly ends things, Laurie is left reeling — not only because they work at the same law firm, and she has to see him every day. Her once perfect life is in shambles, and the thought of dating again in the age of Tinder is nothing short of horrifying. When news of her ex's pregnant girlfriend hits the office grapevine, taking the humiliation lying down is not an option. Then a chance encounter in a broken-down elevator with the office playboy opens up a new possibility.Jamie Carter doesn't believe in love, but he needs a respectable, steady girlfriend to impress their bosses. Laurie wants a hot new man to give the rumor mill something else to talk about. It's the perfect proposition: a fauxmance played out on social media, with strategically staged photographs and a specific end date in mind. With the plan hatched, Laurie and Jamie begin to flaunt their new couple status, to the astonishment — and jealousy — of their friends and colleagues. But there's a fine line between pretending to be in love and actually falling for your charming, handsome fake boyfriend..."Serpent & Dove (Serpent & Dove, #1)" by Shelby MahurinAmazonAvailable on Amazon and Bookshop from $10.59Two years ago, Louise le Blanc fled her coven and took shelter in the city of Cesarine, forsaking all magic and living off whatever she could steal. There, witches like Lou are hunted. They are feared. And they are burned.As a huntsman of the Church, Reid Diggory has lived his life by one principle: Thou shalt not suffer a witch to live. But when Lou pulls a wicked stunt, the two are forced into an impossible situation — marriage.Lou, unable to ignore her growing feelings yet powerless to change what she is, must make a choice. And love makes fools of us all."The Wicked King (The Folk of the Air, #2)" by Holly BlackAmazonAvailable on Amazon and Bookshop from $10.99You must be strong enough to strike and strike and strike again without tiring. The first lesson is to make yourself strong.Jude must keep her younger brother safe. To do so, she has bound the wicked king, Cardan, to her, and made herself the power behind the throne. Navigating the constantly shifting political alliances of Faerie would be difficult enough if Cardan were easy to control. But he does everything in his power to humiliate and undermine her even as his fascination with her remains undiminished.When it becomes all too clear that someone close to Jude means to betray her, threatening her own life and the lives of everyone she loves, Jude must uncover the traitor and fight her own complicated feelings for Cardan to maintain control as a mortal in a Faerie world."Six of Crows (Six of Crows, 1)" by Leigh BardugoAmazonAvailable on Amazon and Bookshop from $7.99Ketterdam: A bustling hub of international trade where anything can be had for the right price ― and no one knows that better than criminal prodigy Kaz Brekker. Kaz is offered a chance at a deadly heist that could make him rich beyond his wildest dreams. But he can't pull it off alone...A convict with a thirst for revenge. A sharpshooter who can't walk away from a wager. A runaway with a privileged past. A spy known as the Wraith. A Heartrender using her magic to survive the slums. A thief with a gift for unlikely escapes.Six dangerous outcasts. One impossible heist. Kaz's crew is the only thing that might stand between the world and destruction ― if they don't kill each other first."Bully (Fall Away, #1)" by Penelope DouglasAmazonAvailable on Amazon and Bookshop from $14.40My name is Tate. He doesn't call me that, though. He would never refer to me by a friendly nickname. No, he'll barely even speak to me. But he still won't leave me alone.We were best friends once. Then he turned on me and made it his mission to ruin my life. I was humiliated, shut out, and gossiped about all through high school. His pranks and rumors got worse as time wore on, and I made myself sick trying to stay out of his way. I even went away for a year just to avoid him.But I'm done hiding from him now, and there's no way I'll allow him to ruin another year. He might not have changed, but I have. It's time to fight back."A Court of Thorns and Roses (A Court of Thorns and Roses, #1)" by Sarah J. MaasAmazonAvailable on Amazon and Bookshop from $10.80When 19-year-old huntress Feyre kills a wolf in the woods, a terrifying creature arrives to demand retribution. Dragged to a treacherous magical land she knows about only from legends, Feyre discovers that her captor is not truly a beast, but one of the lethal, immortal faeries who once ruled her world.At least, he's not a beast all the time.As she adapts to her new home, her feelings for the faerie, Tamlin, transform from icy hostility into a fiery passion that burns through every lie she's been told about the beautiful, dangerous world of the Fae. But something is not right in the faerie lands. An ancient, wicked shadow is growing, and Feyre must find a way to stop it or doom Tamlin-and his world-forever."To Kill a Kingdom" by Alexandra ChristoAmazonAvailable on Amazon and Bookshop from $9.89Princess Lira is siren royalty and the most lethal of them all. With the hearts of 17 princes in her collection, she is revered across the sea. Until a twist of fate forces her to kill one of her own. To punish her daughter, the Sea Queen transforms Lira into the one thing they loathe most ― a human. Robbed of her song, Lira has until the winter solstice to deliver Prince Elian's heart to the Sea Queen or remain a human forever.The ocean is the only place Prince Elian calls home, even though he is heir to the most powerful kingdom in the world. Hunting sirens is more than an unsavory hobby ― it's his calling. When he rescues a drowning woman in the ocean, she's more than what she appears. She promises to help him find the key to destroying all of sirenkind for good ― but can he trust her? And just how many deals will Elian have to barter to eliminate mankind's greatest enemy?"Punk 57" by Penelope DouglasAmazonAvailable on Amazon and Bookshop from $13.99Misha: I can't help but smile at the lyrics in her letter. She misses me. In fifth grade, my teacher set us up with pen pals from a different school. Thinking I was a girl, with a name like Misha, the other teacher paired me up with her student, Ryen. My teacher, believing Ryen was a boy like me, agreed. It didn't take long for us to figure out the mistake. And in no time at all, we were arguing about everything. The best take-out pizza. Android vs. iPhone. Whether or not Eminem is the greatest rapper ever… And that was the start. For the next seven years, it was us. We only had three rules: No social media, no phone numbers, no pictures. We had a good thing going. Why ruin it? Until I run across a photo of a girl online. Name's Ryen, loves Gallo's pizza, and worships her iPhone. What are the chances? F*ck it. I need to meet her. I just don't expect to hate what I find. Ryen: He hasn't written in three months. Something's wrong. Did he die? Get arrested? Knowing Misha, neither would be a stretch. Without him around, I'm going crazy. I need to know someone is listening. It's my own fault. I should've gotten his phone number or picture or something. He could be gone forever. Or right under my nose, and I wouldn't even know it."From Lukov with Love" by Mariana ZapataAmazonAvailable on Amazon and Bookshop from $18.99If someone were to ask Jasmine Santos to describe the last few years of her life with a single word, it would definitely be a four-letter one. After 17 years — and countless broken bones and broken promises — she knows her window to compete in figure skating is coming to a close. But when the offer of a lifetime comes in from an arrogant idiot she's spent the last decade dreaming about pushing in the way of a moving bus, Jasmine might have to reconsider everything. Including Ivan Lukov."From Blood and Ash (Blood and Ash, #1)" by Jennifer L. ArmentroutAmazonAvailable on Amazon and Bookshop from $18.65Chosen from birth to usher in a new era, Poppy's life has never been her own. The life of the Maiden is solitary. Never to be touched. Never to be looked upon. Never to be spoken to. Never to experience pleasure. Waiting for the day of her Ascension, she would rather be with the guards, fighting back the evil that took her family than preparing to be found worthy by the gods. But the choice has never been hers.The entire kingdom's future rests on Poppy's shoulders. But when Hawke, a golden-eyed guard, honor-bound to ensure her Ascension, enters her life, destiny and duty become tangled with desire and need. He incites her anger, makes her question everything she believes in, and tempts her with the forbidden."These Violent Delights (These Violent Delights, #1)" by Chloe GongAmazonAvailable on Amazon and Bookshop from $14.98The year is 1926, and Shanghai hums to the tune of debauchery.A blood feud between two gangs runs the streets red, leaving the city helpless in the grip of chaos. At the heart of it all is 18-year-old Juliette Cai, a former flapper who has returned to assume her role as the proud heir of the Scarlet Gang — a network of criminals far above the law. Their only rivals in power are the White Flowers, who have fought the Scarlets for generations. And behind every move is their heir, Roma Montagov, Juliette's first love… and first betrayal.But when gangsters on both sides show signs of instability, the people start to whisper. Of a contagion, a madness. Of a monster in the shadows. As the deaths stack up, Juliette and Roma must set their guns — and grudges — aside and work together, for if they can't stop this mayhem, then there will be no city left for either to rule."The Bridge Kingdom (The Bridge Kingdom, #1)" by Danielle L. JensenAmazonAvailable on Amazon and Bookshop from $13.49The only route through a storm-ravaged world, the Bridge Kingdom enriches itself and deprives its rivals, including Lara's homeland. So when she's sent as a bride under the guise of peace, Lara is prepared to do whatever it takes to fracture its impenetrable defenses. And the defenses of its king.Yet as she infiltrates her new home and gains a deeper understanding of the war to possess the bridge, Lara begins to question whether she's the hero or the villain. And as her feelings for Aren transform from frosty hostility to fierce passion, Lara must choose which kingdom she'll save... and which kingdom she'll destroy."Paper Princess (The Royals, #1") by Erin WattAmazonAvailable on Amazon and Bookshop from $16.14Ella Harper is a survivor ― a pragmatic optimist. She's spent her whole life moving from town to town with her flighty mother, struggling to make ends meet and believing that someday she'll climb out of the gutter. After her mother's death, Ella is truly alone.Until Callum Royal appears, plucking Ella out of poverty and tossing her into his posh mansion among his five sons, who all hate her. Each Royal boy is more magnetic than the last, but none as captivating as Reed Royal, the boy who is determined to send her back to where she came from.Reed doesn't want her. He says she doesn't belong with the Royals. He might be right.Read the original article on Business Insider.....»»

Category: smallbizSource: nytJun 7th, 2022

Should Value Investors Pick Freeport-McMoRan (FCX) Stock?

Let's see if Freeport-McMoRan Inc. (FCX) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks. Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Freeport-McMoRan Inc. FCX stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:PE RatioA key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.On this front, Freeport-McMoRan has a trailing twelve months PE ratio of 11.31, as you can see in the chart below: Image Source: Zacks Investment ResearchThis level actually compares pretty favorably with the market at large, as the PE for the S&P 500 stands at about 19.33. If we focus on the long-term PE trend, Freeport-McMoRan’s current PE level puts it below its midpoint over the past five years. Moreover, the current level is fairly below the highs for this stock, suggesting it might be a good entry point. Image Source: Zacks Investment ResearchThe stock’s PE however compares unfavorably with the industry’s trailing twelve months PE ratio, which stands at 10.72. This indicates that the stock is relatively overvalued right now, compared to its peers. Image Source: Zacks Investment ResearchNevertheless, we should point out that Freeport-McMoRan has a forward PE ratio (price relative to this year’s earnings) of just 10.16, so it is fair to say that a slightly more value-oriented path may be ahead for Freeport-McMoRan stock in the near term.P/S RatioAnother key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.Right now, Freeport-McMoRan has a P/S ratio of about 2.49. This is lower than the S&P 500 average, which comes in at 4.11 right now. As we can see in the chart below, this is above the median for this stock in particular over the past few years. Image Source: Zacks Investment ResearchFCX is actually in the higher zone of its trading range in the time period per the P/S metric, which suggests that the company’s stock price has already appreciated to some degree, relative to its sales.Broad Value OutlookIn aggregate, Freeport-McMoRan currently has a Zacks Value Style Score of A, putting it into the top 20% of all stocks we cover from this look. This makes Freeport-McMoRan a solid choice for value investors, and some of its other key metrics make this pretty clear too.For example, the PEG ratio for Freeport-McMoRan is 0.35, a level that is lower than the industry average of 1.08. The PEG ratio is a modified PE ratio that takes into account the stock’s earnings growth rate. Clearly, FCX is a solid choice on the value front from multiple angles.What About the Stock Overall?Though Freeport-McMoRan might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of A and a Momentum score of A. This gives FCX a Zacks VGM score—or its overarching fundamental grade—of A. (You can read more about the Zacks Style Scores here >>)Meanwhile, the company’s recent earnings estimates have been mixed at best. The current quarter has seen two estimates go higher in the past sixty days compared to two lower, while the full year estimate has seen two upward and five downward revisions in the same time period.As a result, the current quarter consensus estimate has risen by 1.1% in the past two months, while the full year estimate has inched lower by 0.8%. You can see the consensus estimate trend and recent price action for the stock in the chart below:FreeportMcMoRan Inc. Price and Consensus FreeportMcMoRan Inc. price-consensus-chart | FreeportMcMoRan Inc. QuoteThis somewhat mixed trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term.Bottom LineFreeport-McMoRan is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Moreover, a strong industry rank (Top 31% out of more than 250 industries) further supports the growth potential of the stock. In fact, over the past two years, the industry has outperformed the broader market, as you can see below: Image Source: Zacks Investment ResearchHowever, with a Zacks Rank #3, it is hard to get too excited about this company overall. So, value investors might want to wait for estimates and analyst sentiment to turn around in this name first, but once that happens, this stock could be a compelling pick. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FreeportMcMoRan Inc. (FCX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 5th, 2022

Ousted WeWork founder Adam Neumann wants to put carbon credits on the blockchain with "goddess nature tokens" to combat climate change

Adam Neumann's new startup, Flowcarbon, wants to let the business world swap carbon credits using crypto tokens — with $32 million in help from a16z. Adam Neumann.Jackal Pan/Visual China Group via Getty Images Ex-WeWork CEO Adam Neumann and his wife are launching a new startup called Flowcarbon. The project aims to use the blockchain to let businesses trade carbon credits using crypto tokens. Those tokens have been dubbed Goddess Nature Tokens, or GNTs. Carbon trading is getting the crypto treatment, and its latest orchestrator is none other than WeWork's eccentric cofounder.Three years after being ousted as CEO, Adam Neumann is launching a new startup called Flowcarbon that wants to put carbon credits on blockchain technology.His idea — powered in part by a $32 million round of funding from famed Silicon Valley venture firm Andreessen Horowitz — is to make these carbon credits more accessible and easier to trade with the help of the company's flagship product: the Goddess Nature Token (GNT.)Businesses and individuals will be able to use these tokens —  each backed by a real-life carbon credit — to buy and sell the permits on the blockchain in a decentralized manner, making the opaque and controversial process more transparent. The new endeavor marks not only a turning point for Neumann following his fall from grace but also another high-profile tech founder leaping headfirst into the booming Web3 sphere.So what's carbon trading? And where does crypto come in?Time Magazine dubbed Richard Sandor the "father of carbon trading" in 2007.Nora Tam/South China Morning Post via Getty ImagesCarbon trading, otherwise known as the voluntary carbon market, is when businesses buy and sell a limited amount of government-issued permits that they can "cash in" when they emit carbon.The idea was to create scarcity in how much carbon the business world can emit. There are economic incentives in doing so — if a corporation doesn't use all of its carbon credits, it can sell them to peers. Depending on the country, if it emits too much carbon, it may have to buy more credits. Neumann, per the website, believes this process is flawed, built on an "opaque and fractured market infrastructure" with credits that have little accessibility and brokers charging sky-high fees. That's where Flowcarbon and GNTs come in. Flowcarbon did not immediately respond to Insider's request for comment, but a spokesperson told Vox that the credits represented by the company's tokens are issued from one of four major carbon credit registries. According to Flowcarbon and it and its backers, the blockchain is the perfect environment for trading carbon credits, given the technology's innate transparency. Separating the project from its leaders' past?Adam Neumann and his wife, Rebekah Neumann, are both listed as co-founders of Flowcarbon.Ben Gabbe/Getty Images for TimeCritics have long said the carbon trading market is inherently broken, which calls to question Neumann's goal of simply putting them more in reach in the business sector.And some people in the carbon trading space aren't huge fans of integrating with the crypto world — Verra, one of the world's largest carbon crediting programs, said last week that it wouldn't permit its credits to back crypto tokens. It doesn't help that climate advocates have condemned fundamental aspects of crypto as environmentally harmful thanks to the huge amount of energy the transactions require. Others, however, have noted how Web3 is the perfect space for the startup, allowing it to more easily fund projects that could reduce carbon from the atmosphere.But on top of all of that is the fact that Neumann oversaw one of the tech world's most infamous implosions in 2019, when WeWork was gearing up for an IPO. Regulatory filings for that offering gave an inside look at potential financial problems and turmoil at the coworking company. Eventually, the deal was yanked, and Neumann was ousted as CEO. A show recounting the debacle, aptly called "WeCrashed," began airing on Hulu in March. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJun 4th, 2022

What Is A Comfortable Lifestyle In Retirement?

To retire comfortably, Americans say they will need $1.1 million. ‌Unfortunately, less than one in four will have the savings to do so. According to the 2022 Schroders US Retirement Survey, 22% of people approaching retirement say they’ll have enough money to maintain a comfortable standard of living. ‌The figure is down from 26% the […] To retire comfortably, Americans say they will need $1.1 million. ‌Unfortunately, less than one in four will have the savings to do so. According to the 2022 Schroders US Retirement Survey, 22% of people approaching retirement say they’ll have enough money to maintain a comfortable standard of living. ‌The figure is down from 26% the previous year. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Overall, there is a general expectation among Americans that their retirement savings will be inadequate. In fact, the majority (56%) expect to have less than $500,000 saved by the time they retire ‌and 36% anticipate‌‌ ‌‌having‌‌ ‌‌less‌‌ ‌‌than‌‌ ‌‌$250,000. Not surprisingly, American workers were most worried about inflation shrinking their assets in retirement. ‌The‌ ‌second‌ ‌most-feared‌ ‌scenario is becoming a reality, at least right now – 53% of respondents fear “a major market downturn significantly reducing assets.” “The list of concerns that retirees have, and that Americans in general have, are longer and they are more serious today,” Joel Schiffman, who oversees defined contribution products in North America for Schroders, told Bloomberg. “Inflation, the stock market, the cost of healthcare, taxes — there is this compounding effect.” People already retired said they were comfortable, or that their circumstances were “not terrible, not good.” ‌But 18% said their retirement was hard, and 5% said it was an absolute‌‌ ‌‌nightmare. Among respondents, a quarter said that in order to afford their “dream retirement” they must sacrifice what they want today; another 25% just need to keep on keeping on. ‌The study revealed that 35% of respondents between the ages of 60 and 67 said they would have to win the lottery to achieve their dreams. Before panicking, though, you should answer an important question. What is a comfortable retirement lifestyle? What is a Comfortable Lifestyle in Retirement? Your mileage will certainly vary. However, “Comfortable Retirees were more likely to have intermediate levels of financial assets (between $99,000 and $320,000) and income,” reports the Employee Benefit Research Institute (EBRI). ERBI also found that; One in two homeowners were mortgage-free, while 37 percent had a mortgage. ‌ A third had no debt, while 42 percent had debt that was easily manageable. They were most likely married and had college degrees. More than half said they plan to grow, maintain, or spend a small portion of their financial assets, and almost three-quarters said their retirement savings are sufficient or above their needs. “In this group, more retirees cited workplace retirement savings plans such as 401(k) plans and individual retirement accounts (IRAs), in addition to Social Security, as their major source of income than any other group,” they add. ‌The most common types of debt are credit card and auto loan debt, and 1 in 3 had at least one of each. “Half of the retirees in this group spend less than $3,000 a month, while the majority said they can afford their current level of spending,” states ERBI. “In this group of retirees, most think their standards of living have not changed since their working years; however, 1 in 4 believes it has declined.” Retired Comfortables were on average just behind Affluent Retirees in their level of happiness during retirement. Choosing a Comfortable Retirement Lifestyle Before getting too consumed with an exact dollar amount, a key question to ask when planning for retirement is, “What do I want to do when I retire?” ‌After all, putting money away for retirement without determining how you plan to make use of it can leave you unprepared for your golden years. In terms of retirement, men are looking at over 18 years and women at over 20 years, as per the Social Security Administration. ‌As such, it will be important to make sure you’re happy with how you spend that much time. If you’re stuck, you should take into account the things in life that are important to you. Examples include friends and family, socializing, travel, hobbies, etc. To get started, answer the following questions. ‌When you do, you should be able to figure out what your priorities for retirement are. Are there health concerns that will impact‌ ‌your‌ ‌retirement‌ ‌lifestyle? To what extent is the quality of health care where you live important to you? Are you planning to stay in your current residence? Would you like to live near your ‌family‌ ‌or‌ ‌friends? Are you interested in moving‌ ‌to‌ ‌another‌ ‌state? Do you think living somewhere with lower taxes is ‌important? Is it your dream‌ ‌to‌ ‌retire‌ ‌abroad? Would you like‌ ‌to‌ ‌move‌ ‌into‌ ‌a‌ ‌retirement‌ ‌community? When you get older, do you plan on moving into assisted living? During retirement, what kinds of activities do you want to pursue that you are passionate about? Are you interested in traveling? Is it important to you to participate‌ ‌in‌ ‌charitable‌ ‌activities? How much income will you need ‌in‌ ‌retirement? Would you like to remain in the workforce? Full-time‌ ‌or‌ ‌part-time? In retirement, are you interested in reinventing your life? When you figure out what your priorities are, you’ll get a better idea of what you should include in your retirement plan. And, more importantly what it will take to maintain a comfortable lifestyle in retirement. It’s Not About Money, It’s About Income When figuring out your retirement “number,” it’s important to take into account that it isn’t just about deciding how much you need to save,” explains Robin Hartill, CFP®. ‌Americans, for example, tend to want to retire with a million-dollar‌ ‌nest‌ ‌egg. ‌That, however, is a false assumption. “The most important factor in determining how much you need to retire is whether you’ll have enough money to create the income you need to support your desired quality of life after you retire,” adds Hartill. ‌Is a $1 million savings account enough to sustain an individual forever? ‌Possibly. So, how much income do you really need? Well, for most retirees, it’s definitely not 100% of your pre-retirement income. The reason? ‌These expenses are probably not an issue; There’ll be no need to save for retirement. If you don’t commute to work, you might spend less on transportation costs. By the time you retire, your mortgage may be paid off. If you do not have dependents, you may not need life insurance. “But retiring on 80% of your annual income isn’t perfect for everyone,” says Hartill. Depending on the type of retirement lifestyle you intend to have and the range of expenses you expect, you might need to adjust your goal. It may make sense to aim for 90% to 100% of your pre-retirement income if you plan to travel frequently in retirement. Alternatively, you may be able to comfortably live on less than 80% if you intend to pay off your mortgage before retiring or downsizing your living arrangements. “Let’s say you consider yourself the typical retiree,” she says. ‌Your annual income is $120,000 between you and your spouse. ‌Using the 80% rule, you can expect to need about $96,000 in annual income after retiring, or $8,000 a‌ ‌month. Social Security The‌ ‌good‌ ‌news‌? ‌If‌ ‌you’re‌ ‌like‌ ‌most‌ ‌people,‌ ‌your Social Security benefits may provide some additional help beyond your savings. ‌In‌ ‌fact,‌ ‌at the end of 2020, nearly nine in ten seniors were receiving Social Security benefits. ‌Moreover, Social Security benefits make up about 30% of an elderly person’s income. However, Social Security typically replaces a lower percentage of income ‌for higher-income‌ ‌retirees. “For example, Fidelity estimates that someone earning $50,000 a year can expect Social Security to replace 35% of their income,” clarifies Hartill. ‌On the other hand, if someone earned $300,000 a year, their Social Security income replacement rate would be only 11%. As a rule, you can expect to receive less than half your pre-retirement salary in Social Security benefits. ‌Therefore, you will be responsible for covering the‌ ‌difference. But, there are still ways for you to still live comfortable off just a social security check: Delay taking your benefits. Try to wait until after you have reached your full retirement age before starting to collect benefits. ‌Your Social Security benefits will be at their maximum if you wait until you are 70 years old. And, if you already filed, you can still withdraw your claim. Pay off your debt. ‌Before retiring, it is best to pay off all debts, including credit card bills and mortgages, so you can maximize your Social Security benefits. ‌So, instead of spending your benefits on things you have already bought, you can put them towards things you need today. Relocate. ‌By lowering your cost of living, you can reap greater Social Security benefits. If you can consider moving to a tax-friendly state. Alaska‌ ‌and‌ ‌New‌ ‌Hampshire‌ ‌do not levy sales or income taxes, while Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming do levy sales taxes, but do not levy income taxes or taxes on pensions. Don’t overpay for prescriptions. ‌Medications can get rather expensive. ‌Always choose generic over brand-name prescriptions when you can. ‌Additionally, you may want to join a prescription drug membership program at the pharmacy where you buy your medication so that you can earn rewards and receive discounts. Take advantage of discounts. Speaking of discounts, if you go out to eat only go to restaurants the offer senior discounts. Also, the same it true with retailers like Kohl’s. Consider Savings, Annuities, and Other Income Streams While it’s possible to live comfortably just off Social Security, I wouldn’t completely bank on that. As a general rule, Social Security will only replace around 40% of your pre-retirement income. And, if you’re using the 80% rule as a benchmark, then that’s only half of your retirement income. To make sure they are able to meet their bills and have a life in retirement, most people need additional income retirement streams. And, these income streams are typically; Qualified retirement savings plans. A 401(k) plan, an IRA, or another type of retirement plan are the most common in the private sector. ‌Throughout your working career, you invest money into the plan. ‌If you contribute to a retirement plan or take money out after you retire, you typically get a tax break. If you’re self-employed, you can contribute to a Simplified Employee Pension (SEP-IRA) or an Individual 401(k). Retirement portfolio. In addition to a qualified retirement, you should also have a diversified retirement portfolio. Generally, this consists of stock, high yielding bonds, high yield savings accounts, and dividend paying stocks. Annuities. ‌An‌ ‌annuity‌ ‌is‌ ‌a‌ ‌contract that you purchase from an insurance or annuity company. It can provide a steady and guaranteed stream of income in retirement. Pensions. ‌ Private pension plans have become rarer over time. ‌Government workers, who still have pensions, can rely on them as a regular source of income throughout their lives. Veterans pension benefits. Veterans Pension benefits may be available if you meet certain criteria, including serving during wartime, being 65 or older, having a service-connected disability, and little to no income. ‌It differs from your military retirement pension, which is based on your number of years of service. Work Part-Time. Moreover, you may want to consider working part-time. Besides the additional income, it can help make the transition into retirement smoother. And, it’s a surefire way to remain physically and mentally sharp. Some suggestions would be freelancing, consulting, or babysitting your grandkids. You could also enter the gig economy by driving for Lyft or Door Dash. And, you could even rent out a spare bedroom to a full-time roommate or list it on Airbnb. To learn more about the tax implications of retirement savings or collecting Social Security benefits during retirement, speak with your licensed financial advisor. ‌Your finances may be affected. Senior Living Options The cost of housing will likely be your largest retirement expense. Housing-related costs averaged $1,406.68 per month for Americans 65 and older between 2016 and 2020. The good news is that there are a number of ways to lower your monthly housing costs as well. ‌‌When you pay your mortgage off, you won’t have a large monthly expense. Instead, you would only have to pay taxes, insurance,‌‌ ‌‌and‌‌ ‌‌maintenance. Another‌ ‌choice would be to downsize to a home that costs much less and take advantage of the equity in your home. ‌You can also save money on heating, cooling, maintenance, and taxes if you live in a smaller home in a cheaper neighborhood. From what activities you can pursue to who you will socialize with to how much your new lifestyle will cost, where you live can make a big difference in your retirement lifestyle. With that in mind, here are some options worth exploring. Move to a more affordable state. Make sure you consider factors like taxes, cost of living, health care, and other quality of life issues before deciding where to retire within the United States. However, based on median home cost, medicare advantage cost, and the cost of living index, here are the 12 cheapest states to retire: Mississippi Alabama Oklahoma Arkansas Georgia Tennessee West Virginia Indiana Iowa South Carolina New Mexico 55+ retirement communities. Age-restricted retirement communities commonly offer detached houses as well as townhouses or apartments for active‌ ‌older‌ ‌adults. ‌The community may have golf courses, organized activities, social calendars,‌ ‌and‌ ‌other conveniences. Senior living apartments. Older Americans can benefit from age-restricted apartments, condos or townhouses, which are specifically suited to their needs. ‌The majority of them offer pools and fitness centers. On the other hand, medical or dining facilities aren’t usually available. ‌The equity in your home can be released when you move into an assisted living complex for travel or other retirement ‌activities. Living abroad. Approximately 432,000 retired Americans were receiving Social Security benefits in foreign countries at the end of 2019, ‌according‌ ‌to‌ ‌the‌ ‌Social Security‌ ‌Administration. Many countries offer retirement benefits for Americans while stretching their retirement dollars, such as; Puerto Plata, Dominican Republic Chitre, Panama Northern Belize Thailand’s Eastern Seaboard Popoli, Italy George Town Malaysia Cuenca, Ecuador The secret? ‌Finding a good balance between finances, a place you will enjoy living, and understanding the issues of becoming an expat, from health care to tax issues. ‌Also, in a foreign country, Medicare typically doesn’t cover your health care, so you’ll still need to pay income taxes in the states. Retirement Hobbies and Activities When you retire, you should be able to focus on what makes you happy and what makes you feel fulfilled. ‌However, you can still pursue hobbies and activities that meet both of these goals while living within your means. Here are some of the best hobbies and activities you can enjoy throughout your golden years. Creative ‌pursuits. In retirement, you can pursue hobbies that interest you and have time to devote to them, such as knitting and photography. ‌Also, here’s your chance to start a blog or write a book about something that interests you – without having to worry about going back to work every day. Outdoor adventures. Retirement‌ ‌is‌ ‌a great‌ ‌time to explore national and state parks or your favorite fishing hole during a weekday and avoid the weekend crowds. ‌Even better? Most parks offer senior discounts. Health and fitness. ‌Golf courses are commonly found in retirement communities. ‌There are dozens of healthy lifestyle choices to pursue after retirement, including running, swimming, biking, and dozens of other activities. ‌Physical activity is important for long-term health. ‌Adults 65 and older are recommended to get at least two and a half hours of moderate – or 75 to 150 minutes of vigorous – physical activity every week. Travel. ‌ Traveling around the world may be limited only by your budget since you do not have a limited number of vacation days. ‌It may be affordable to spread out an RV adventure across the country over several‌ ‌weeks. But, ‌the cost of intercontinental travel can be reduced with flexible travel dates and group tour packages. And, with four-day packages that offer affordable options, cruises provide action-packed adventures at sea. Volunteer. ‌ An estimated 42% of retirees volunteer in their communities, according to AARP and Independent Sector, an organization that partners with nonprofits and foundations. ‌Volunteering‌ ‌is‌ ‌a‌ ‌great‌ ‌way‌ ‌to‌ ‌stay active, meet new people, and make a difference in your community while feeling fulfilled. Continue your education. ‌ By taking classes at your local university or community college, you can keep your mind active in retirement. ‌Studying a subject you were always curious about but never had time to investigate is a great idea when you are retired. ‌Senior citizens have access to reduced tuition rates at many colleges and universities. ‌Some may even be‌‌ ‌‌free. Frequently Asked Questions about Your Lifestyle in Retirement 1. How much will I spend in retirement? That depends as everyone’s situation is different. But, the 80% rule can provide a guideline. Based on your current income, you can start the planning process by assuming you’ll spend about 80% of the income you will make before you retire each year. ‌This ratio is called the retirement‌ ‌income‌ ‌replacement‌ ‌ratio. ‌You can expect to spend about $36,000 a year in retirement, for example, if your preretirement income was $45,000. Think‌ ‌of 80% as a good starting point. ‌You can modify this number based on your lifestyle, health expectations, and income. 2. Where does retirement income come from? The majority of retirees‌‌ ‌‌have‌‌ ‌‌multiple‌ ‌sources‌ ‌of‌ ‌income‌ ‌during‌ ‌their‌ ‌retirement‌ ‌years. Investment accounts that provide inflation protection, governmental benefits, or continuing paychecks are some examples. ‌To ensure you have enough income to live comfortably, it’s best to have multiple income sources. When‌ ‌deciding where your retirement income will come from, diversification is an important aspect to consider. ‌As a result, your future income can be protected and market risks can be reduced. 3. How long will I live? According to the CDC, the average life expectancy in the United States is 77 years. 4. What will my taxes look like in retirement? Your retirement planner can provide you with an estimate of your tax rate in retirement if you ask this question. ‌There are certain retirement savings, for example IRA and 401(k) accounts, that‌ ‌are‌ ‌taxable. ‌‌‌You may also have to pay taxes on your Social Security benefits based on your income. ‌You must also consider federal and state taxes. 5. Should I pay off my mortgage before I retire? It all‌ ‌comes‌ ‌down‌ ‌to‌ ‌personal‌ ‌preference. ‌Those who itemize deductions may find that their mortgage interest reduces their taxes. ‌If the interest rate is low enough, you might be better off investing more money than paying off the debt. If you plan on retiring comfortably, you need to consider the impact of paying off your mortgage. ‌Even though it’s best to enter retirement debt-free, it’s not a good idea to drain your retirement fund to pay off a house. Article by Deanna Ritchie, Due About the Author Deanna Ritchie is a financial editor at Due. She has a degree in English Literature. She has written 1000+ articles on getting out of debt and mastering your finances. She has edited over 40,000 articles in her life. She has a passion for helping writers inspire others through their words. Deanna has also been an editor at Entrepreneur Magazine and ReadWrite.   Updated on Jun 3, 2022, 4:31 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: valuewalkJun 3rd, 2022

Lockheed (LMT) Wins $186M Deal to Support CH-53K Aircraft

Lockheed (LMT) is going to procure and deliver two unfunded priority list CH-53K Heavy Lift jets, under low-rate initial production Lockheed Martin Corp.’s LMT business unit, Sikorsky, recently clinched a modification contract involving CH-53K Heavy Lift Aircraft. The Naval Air Systems Command, Patuxent River, MD, has offered the award.Details of the DealValued at $185.7 million, the contract is expected to get completed by December 2025. Per the terms of the deal, this latest modification will require Lockheed to procure and deliver two unfunded priority list CH-53K Heavy Lift jets, under low-rate initial production.A major portion of the work related to this deal will be executed in Stratford, CA.Importance of CH-53K HelicopterThe CH-53K helicopter specializes in heavy lifting and movement of troops and equipment from ship to shore and higher altitude terrains rapidly for expeditionary U.S. Marine Corps and international military missions. It also supports missions like humanitarian aid, troop transport, casualty evacuation, support of special operations forces, and combat search and rescue.Benefits of the ContractCountries globally have been reinforcing their military resources due to intense geopolitical tensions and amplified terrorist threats.Among other combat arsenals and weaponries, military helicopters have also been gaining importance owing to advancements and the integration of new tactical and logistical features. This has provided ample opportunities forLockheed Martin to win production and modification contracts for helicopters in recent times, including the latest contract.Such contract wins are likely to drive revenues from the Rotary and Mission Systems business segment, which comprises the Sikorsky helicopters.ProspectsThe United States, which is the largest exporter of military weaponries worldwide, is also strengthening military resources. This is quite evident from the fiscal 2023 budget proposal worth $773 billion put forward by the Biden administration for the Department of Defense, with $56.5 billion planned investments in combat aircraft. Impressively, the defense budget request reflects a 4.1% increase from the fiscal 2022 enacted amount.Such solid budgetary provisions should benefit Lockheed along with other defense manufacturers like Northrop Grumman NOC, Boeing BA and Textron TXT, which also have expertise in manufacturing military aircraft.Since its inception, Northrop Grumman has been a pioneer in the development of manned aircraft for combat. Northrop Grumman also has a tradition of providing technological leadership in all aspects of military aviation and aircraft, such as manned, unmanned, targeting, surveillance, and aircraft self-protection systems. It also enables warfighters to accomplish missions under any conditions.NOC stock boasts a long-term earnings growth rate of 6.1%. The Zacks Consensus Estimate for 2022 sales implies growth of 2.7% from the 2021 reported figure.Boeing Defense, Space & Security segment’s primary products include fixed-wing military aircraft, F/A-18E/F Super Hornet, F-15 programs, P-8 programs, KC-46A Tanker, and T-7A Red Hawk. This segment also produces rotorcraft and rotary-wing programs such as CH-47 Chinook, AH-64 Apache and V-22 Osprey.BA stock boasts a long-term earnings growth rate of 4%. The Zacks Consensus Estimate for 2022 sales implies growth of 21.8% from the 2021 reported figure.Textron’s business unit, Textron Aviation Defense, designs, builds and supports versatile and globally known military aircraft preferred for training and attack missions. Some of Textron’s renowned products include Beechcraft T-6C trainer and AT-6 Wolverine.TXT stock boasts a long-term earnings growth rate of 12.7%. The Zacks Consensus Estimate for 2022 sales implies growth of 8.2% from the 2021 reported figure.Price MovementIn the past year, shares of Lockheed have gained 13.4% against the industry’s 41.6% decline.Image Source: Zacks Investment ResearchZacks RankLockheed Martin currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 2nd, 2022

Futures Start New Month Flat As Fed"s QT2 Begins

Futures Start New Month Flat As Fed's QT2 Begins Stocks traded off session highs as weaker-than-average volumes mark the beginning of summer, and as traders awaited the jobs report later this week and eyed the official start of the Fed's second Quantitative Tightening program (which will end as "gloriously" as the first one) which will drain the Fed's balance sheet by $95BN per month. Contracts on the S&P 500 were 0.2% higher by 730 a.m. in New York, after the underlying index finished May up exactly 0.1%;  Nasdaq 100 futures were up 0.1%. European bourses and Asian stocks were modestly in the red to stgart the new quarter. The latest drop in Treasuries pushed 10-year yields closer to 2.9% as traders raised bets on Federal Reserve interest-rate hikes. The dollar advanced against major peers, and bitcoin traded around $31,500. Oil rose as investors assessed the future of OPEC+ unity, just as ministers from the group prepare to meet on Thursday to discuss its supply policy for July. Crude advanced about 10% in May, stoking more inflation worries.   Concerns that the Fed's rate hikes may induce a recession are keeping investors guessing about the outlook for the economy as rising food and energy costs squeeze consumers, and volatility has picked up. “US markets, and by default, global markets, will still indulge in schizophrenic swings in market sentiment as the FOMO dip-buyers become increasingly frantic in their attempts to pick a cyclical low in equity markets,” said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte. On Tuesday, Joe Biden used a rare meeting with Federal Reserve Chair Jerome Powell to declare that he’s respecting the central bank’s independence and to throw Powell under the bus for any continued high inflation. The meeting came ahead of US payroll numbersFriday. “There are heightened concerns around inflation and where central banks are likely to go trying to combat inflation,” Kristina Hooper, Invesco Advisers chief global markets strategist, said on Bloomberg Radio. “This has gone from just an inflation scare to a growth scare. Uncertainty has grown.” In premarket trading, Salesforce shares jumped 8.3% after the software company raised its full-year forecast for adjusted earnings. HP will be in focus after the company reported better-than-expected sales and profit driven by steady demand for computer systems.  Other notable premarket movers: Digital Turbine (APPS US) fell 4.1% in New York premarket trading on Wednesday after the mobile services platform’s fourth-quarter results and first-quarter forecast. Roth Capital Partners analyst Darren Aftahi says the company provided soft guidance, but noted that its commentary around SingleTap licensing should be supportive. View (VIEW US) shares surge as much as 30% in US premarket trading, after the glass manufacturing firm reported its full-year results late Tuesday, with the company saying it expects to file its delinquent 10-K and 10-Q on or before June 30. ChargePoint (CHPT US) analysts noted that the EV charging network firm’s margins came under pressure due to rising costs and supply-chain disruption, leading some brokers to trim their targets on the stock. ChargePoint shares dropped 2.7% in US postmarket trading on Tuesday after posting a 1Q lossthat was wider than expected. Victoria’s Secret (VSCO US) analysts were positive on the lingerie company’s results, with Wells Fargo saying that its turnaround is on track despite a tough macroeconomic environment, while VitalKnowledge said that the update was a “big victory” amid the retail gloom. The shares gained 7.3% post-market Tuesday. HP (HPQ US) shares edged up in extended trading on Tuesday, after the company reported better-than- expected sales and profit driven by steady demand for computer systems. Analysts lauded the company’s execution as it navigates a challenging supply and macroeconomic environment. Ambarella (AMBA US) shares fell 5.6% in extended trading on Tuesday after the semiconductor device company issued a tepid second-quarter revenue forecast as lockdowns in China weigh on its near-term outlook. Analysts said that there is weakness in the near-term, but the long-term thesis remains intact. Late on Tuersday, Fed's Bostic said there could be a significant reduction in inflation this year and that his suggestion for a pause in September should not be interpreted as a "Fed put" or belief that the Fed would rescue markets, according to an interview in MarketWatch. Elsewhere, Treasury Secretary Yellen said US President Biden's top concern is inflation and shares the Fed's priority of slowing inflation, while she added she was wrong about the path inflation would take and doesn't expect the same pace of job gains going forward, according to Reuters. Citigroup Inc. strategists said that after a difficult first five months of 2022, the pain may not be over yet for global equity markets. The prospect of downward revisions to earnings estimates is the latest headwind to face stock investors, already rattled by runaway inflation and the potential impact of central-bank tightening aimed at controlling it, the strategists led by Jamie Fahy wrote in a note. In Europe, the Stoxx 600 Index erased earlier gains to trade 0.2% lower a day after euro-zone figures showed a record jump in consumer prices and on investor concerns that record inflation will pressure the European Central Bank to act more aggressively, increasing the risk of an economic slump. The DAX outperformed, adding 0.3%. Miners, utilities and real estate are the worst-performing sectors.  Autos are the day’s best performing sector and one of few rising subgroups amid declining markets; the Stoxx 600 Automobiles & Parts Index rises 2.1% as of 1:10pm CET, rebounding after a session of declines on Tuesday and on course for a fifth day of gains in six. Carmakers such as Stellantis, Renault and Volkswagen lead the advances. Stellantis +3.4%, VW +3.4%, Renault +3.4%, Porsche Automobil Holding SE +3.2%, BMW +2.8%, Volvo Car +2.5%, Mercedes-Benz Group +2.5%. Here are the biggest European movers: Dr. Martens shares surge as much as 30%, the most since January 2021, after the UK bootmaker reported pretax profit for the full year that beat the average analyst estimate. Lanxess shares rise as much as 2.5%, adding to an 11% gain on Tuesday. The chemicals group is raised to buy from hold at Stifel. Berenberg also hikes its PT on the stock. Societe Generale shares up as much as 2.6% after UBS upgrades the investment bank to buy from neutral, noting the company’s valuation is “too cheap to ignore.” Capricorn Energy shares rise after company reached an agreement on the terms of a recommended all-share combination with Africa-focused oil and gas developer Tullow Oil. Stadler Rail shares jump as much as 4.3%, most since March, after it signed a contract to deliver up to 510 FLIRT trains to the Swiss Federal Railways, according to a statement. OVS gains as much as 7.1% to highest since end of March after Banca Akros upgrades its rating to buy, saying in note that May appears to have been a strong month for the Italian fashion retailer. Saint-Gobain shares fluctuate after the building material company agreed to buy Canadian siding producer Kaycan for $928m to strengthen its position in the North American building-products market. Zalando shares fall as much as 5.1% after being downgraded to equal- weight from overweight at Barclays, which cites near-term challenges for the online fashion retailer. Earlier in the session, Asian stocks edged lower after fluctuating in a narrow range, as traders assessed China’s easing virus restrictions and the persistent risk of global inflation. The MSCI Asia Pacific Index was down less than 0.1%, with declines in technology and utilities shares offsetting gains in consumer discretionary stocks. Japan’s Topix Index rose more than 1% as the yen weakened, while indexes in Malaysia and the Philippines fell the most. China’s shares were slightly lower after a private gauge showed factory activity in May contracted from the previous month as both production and new orders fell. Meanwhile, Shanghai’s Covid-19 cases continued to decline as most parts of the city reopened after two months under one of the world’s most restrictive pandemic lockdowns.  Asian equities completed their first monthly advance this year in May amid optimism China’s easing lockdowns will improve the region’s growth outlook, even as soaring oil prices and global inflation fuel concerns of tighter monetary policies. Near-term concerns over inflation, economic growth and China’s Zero Covid policy are likely to persist, but investors can expect a “stabilization in 3Q as valuations reset and positive catalysts emerge,” Chetan Seth, Asia Pacific equity strategist at Nomura, wrote in a note. Markets in South Korea and Indonesia were closed for holidays. In FX, the Bloomberg Dollar Spot Index rose 0.1% as the greenback strengthened against all its Group-of-10 peers apart from the Australian dollar. The yen was the worst performer and fell to a two-week low. The euro neared the $1.07 handle before paring losses. Bunds were little changed with focus on ECB rate hike pricing and possible comments by policy makers including President Christine Lagarde before the ‘quiet’ period kicks ahead of next Thursday’s policy decision. The Aussie inched up and Australian bonds fell as data showed the economy grew faster than expected in the fourth quarter. Rising Treasury yields also weighed on Aussie debt. In rates, Treasury yields inched up with the curve slightly bear-flattenning, before the Federal Reserve starts its quantitative-tightening program today. The Fed will start shrinking its balance sheet at a pace of $47.5 billion a month before stepping that up to $95 billion in September. Treasuries were slightly cheaper across the curve, with yields off session highs in early US session. Yields are up 2bp-3bp across the curve, led higher by 5-year sector; the 10-year yield is at 2.87% underperforms bunds and gilts. Economists expect a second straight half-point rate increase from the Bank of Canada at 10am ET; swaps market prices in 52bp and 184bp by year-end. IG dollar issuance slate empty so far; six entities priced a total of $12.6b Tuesday, and two stood down. Bunds and Italian bonds are little changed, with the 10-year yields on both trading off session high after ECB’s Holzmann said new inflation record backs need for a 50bps hike. Money markets are pricing a cumulative 119bps of tightening in December. In commodities, WTI trades within Tuesday’s range, adding 1.6% to above $116. Most base metals are in the red; LME nickel falls 2.4%, underperforming peers. Spot gold falls roughly $8 to trade around $1,829/oz. Looking the day ahead now, data releases include the global manufacturing PMIs for May and the US ISM manufacturing reading for May. Otherwise, there’s German retail sales for April, the Euro Area unemployment rate for April, US construction spending for April, the JOLTS job openings for April and, May ISM manufacturing and the latest Fed Beige Book. From central banks, the Bank of Canada will be making its latest policy decision and the Fed will be releasing their Beige Book. Otherwise, speakers include ECB President Lagarde and the ECB’s Knot, Villeroy, Panetta and Lane, the Fed’s Williams and Bullard, and PBoC Governor Yi Gang. Market Snapshot S&P 500 futures little changed at 4,133.50 STOXX Europe 600 down 0.3% to 442.18 MXAP down 0.1% to 169.26 MXAPJ down 0.5% to 556.42 Nikkei up 0.7% to 27,457.89 Topix up 1.4% to 1,938.64 Hang Seng Index down 0.6% to 21,294.94 Shanghai Composite down 0.1% to 3,182.16 Sensex down 0.4% to 55,336.61 Australia S&P/ASX 200 up 0.3% to 7,233.98 Kospi up 0.6% to 2,685.90 German 10Y yield little changed at 1.14% Euro little changed at $1.0727 Brent Futures up 1.4% to $117.23/bbl Gold spot down 0.2% to $1,834.26 U.S. Dollar Index up 0.16% to 101.92 Top Overnight News from Bloomberg The latest all-time high for euro-zone inflation strengthens the case for the European Central Bank to lift interest rates by a half-point in July, according to Governing Council member Robert Holzmann Croatia is about to find out whether it’s in good enough shape to become the euro zone’s 20th member. Progress made by country will be assessed in reports due Wednesday from the ECB and the European Union’s executive arm Sweden’s main stock exchange venue, Nasdaq Stockholm, is looking into a new service that will provide clearing for inflation-linked swaps in Swedish kronor China’s financial capital reported its fewest Covid-19 cases in almost three months as residents celebrated a significant easing of curbs on movement, while some companies took a more cautious approach, maintaining some restrictions in factories China’s factory activity in May contracted from the previous month as both production and new orders fell, although the slowdown wasn’t as fast as in April, a private gauge showed Wednesday Treasury Secretary Janet Yellen gave her most direct admission yet that she made an incorrect call last year in predicting that elevated inflation wouldn’t pose a continuing problem President Joe Biden said he’ll give Ukraine advanced rocket systems and other US weaponry to better hit targets in its war with Russia, ramping up military support as the conflict drags into its fourth month New Zealand’s central bank is seeking feedback on whether its monetary policy remit is “still fit for purpose,” Deputy Governor Christian Hawkesby said. “It’s not about should it still be about price stability and maximum sustainable employment,” he said. “It’s more about have we got the right inflation targets, are we measuring it the right way, what horizon are we trying to achieve it over, what other things should we have regard to.” A more detailed look at global markets courtesy of Newsquawk Asia-Pacific stocks traded mixed as risk sentiment only mildly improved from the lacklustre performance stateside as the region digested another slew of data releases including the continued contraction in Chinese Caixin Manufacturing PMI. ASX 200 was kept afloat by strength in industrials, telecoms and the top-weighted financials sector, while better-than-expected Q1 GDP data provides some mild encouragement. Nikkei 225 was underpinned by further currency depreciation and with BoJ Deputy Governor Wakatabe reiterating the BoJ's dovish tone. Hang Seng and Shanghai Comp were indecisive after Chinese Caixin Manufacturing PMI remained in contraction territory and amid mixed COVID-related developments with Shanghai reopening from the lockdown whilst Beijing's Fengtai district tightened curbs and required all residents to work remotely. Top Asian News Beijing reports two COVID cases during 15hrs to 3pm local time on June 1st Hong Kong Retail Sales Unexpectedly Rebound as Covid Curbs Ease Sri Lanka’s President Won’t Be Stepping Down Soon, Minister Says Europe, Asian Factories Under Pressure on China, War in Ukraine Philippine IPO’s Stellar Gain May Wane With Inflation: ECM Watch European bourses are mixed, Euro Stoxx 50 +0.1%, and have struggled to find a clear direction after mixed APAC trade with a busy docket ahead. Stateside, futures are posting similar performance and looking to a busy data and Central Bank afternoon session, ES +0.2%. Top European News UK government is drawing up plans that will task the BoE with stepping in and handling the implosion of a stablecoin in preparation for future crises in the crypto markets, according to The Times. EU Commission President von der Leyen will, on Wednesday, approve Poland’s national recovery plan; however, Politico reports that commissioners, including Timmermans and Vestager, will raise objections to this as Poland has not taken the necessary steps for Commission approval. UK House Prices Defy Slowdown Fears With 10th Consecutive Gain ECB Half-Point Hike Seen as Deutsche Bank Breaks With Consensus Wood to Sell Built-Environment Unit to WSP for $1.9 Billion BT’s Sport TV Deal With Warner Bros. Discovery Gets UK Probe FX Yen extends losses through more technical support levels, 129.0O and 129.50 as BoJ reiterates dovish stance and maintains that it is undesirable for monetary policy to target FX rates. Dollar drifts otherwise after month end squeeze as attention turns to busy midweek agenda and run in to NFP on Friday, DXY retracts into tighter 102.060-101.760 range. Aussie outperforms on the back of firmer than forecast Q1 GDP data, but hampered by decent option expiry interest sub-0.7200 vs Greenback. Euro unable to glean much impetus from hawkish ECB Holzmann as option expiries sit between 1.0740-75. Loonie pivots 1.2650 pre-BoC awaiting confirmation of the 50bp hike expected or something more hawkish. Marked slowdown in Hungarian manufacturing PMI piles more pressure on Forint following half point NBH rate rise vs 60bp consensus, EUR/HUF inching closer to 400.00, at circa 398.50. Commodities WTI and Brent are recovering from yesterday's WSJ source report induced downside, with participants awaiting clarity/details at Thursday's OPEC+ gathering. Currently, the benchmarks are holding around/above USD 117/bbl, vs respective lows of USD 114.58/bbl and USD 115.40/bbl respectively. Russian Foreign Minister Lavrov met with his Saudi counterpart on Tuesday in which they both praised the level of cooperation in OPEC+, while they noted stabilising effect that tight Russia-Saudi coordination has on the global hydrocarbon market, according to Reuters. UAE is considering a plan to increase its oil capacity by an additional 1mln bpd to a total 6mln bpd by 2030, according to Energy Intel. JMMC on Thursday now scheduled for 13:00BST (prev. 12:00BST), OPEC+ at 13:30BST, via Argus' Itayim. Police clashed with communities blocking MMG's Las Bambas copper mine in Peru. China's State Planner says renewable energy consumption is to reach circa. 1bln/T of standard-coal-equivalent by 2025, equal to 20% of total consumption; aims to secure around 33% of electricity from renewable sources by 2025. Spot gold is modestly softer amid ongoing USD upside and continuing to draft from a cluster of DMAs above USD 1840/oz, with base metals broadly lower as well. Central Banks ECB's Holzmann says the record Eurozone inflation print backs the need for a 50bps hike, decisive action is required in order to avoid harsher steps later. A clear rate signal could support EUR. BoJ Deputy Governor Wakatabe said the BoJ must maintain powerful monetary easing and sustain an environment where wages can rise, while he added that the BoJ shouldn't rule out additional easing steps if risks to the economy materialise. Wakatabe also noted that most goods prices aren't increasing with recent inflation driven mostly by energy and some food price increases, as well as noted that consumer inflation has not yet achieved the BoJ's price goal in a sustained and stable manner, according to Reuters. Adds, it is undesirable to target FX in guiding monetary policy; desirable for FX to reflect fundamentals. US Event Calendar 07:00: May MBA Mortgage Applications, prior -1.2% 09:45: May S&P Global US Manufacturing PM, est. 57.5, prior 57.5 10:00: April JOLTs Job Openings, est. 11.3m, prior 11.5m 10:00: April Construction Spending MoM, est. 0.5%, prior 0.1% 10:00: May ISM Manufacturing, est. 54.5, prior 55.4 14:00: U.S. Federal Reserve Releases Beige Book Central Banks 11:30: Fed’s Williams Makes Opening Remarks 13:00: Fed’s Bullard Discusses the Economic and Policy Outlook 14:00: U.S. Federal Reserve Releases Beige Book DB's Jim Reid concludes the overnight wrap We'll be off here in the UK tomorrow and Friday as we'll be celebrating the Queen being on the throne for an astonishing 70 years. I find the best way to celebrate is via the medium of golf! To put things in perspective, when I get to 100 years old I'll be celebrating exactly 70 years at DB. In our absence Tim will still be publishing the EMR for the next couple of days. Believe it or not it's now June! It only seems like yesterday it was Xmas. Perhaps 70 years isn't so long after all. Since it’s the start of the month, our usual performance review for the month just gone will be out shortly. A number of financial assets began to stabilise in May, helped by a combination of factors such as easing Covid restrictions in China and the potential that the Fed wouldn’t hike as aggressively as some had feared. That said, it’s still been an awful performance on a YTD basis, with the S&P 500 having seen its biggest YTD loss after 5 months since 1970, whilst most of the assets in our main sample are still beneath their levels at the start of the year. But after some respite over the last couple of weeks, the last 24 hours have seen equities and bonds sell off in tandem once again as inflation fears cranked up another notch. The main catalyst was the much stronger-than-expected flash CPI reading for the Euro Area, which at +8.1% was the fastest annual pace since the single currency’s formation. In terms of that Euro Area CPI reading, the main headline number of +8.1% was some way above the +7.8% reading expected, whilst core CPI also rose to a record +3.8% (vs. +3.6% expected). Unsurprisingly, this has only intensified the debate on how rapidly the ECB will hike rates, and Slovakian Central Bank Governor Kazimir became the latest member of the Governing Council to say that he was “open to talk about 50 basis points”, even if his baseline was still for a 25bps move in July. The investor reaction was evident too, and overnight index swaps moved to price in 119bps worth of ECB hikes by the December meeting, which is the highest to date. It also implies that the ECB would do more than simply four 25bp moves from July, which would only sum to 100bps. The European economics team published a blog taking a deep dive into underlying inflation across the continent (link here). There are lots of different cuts of the data in the piece, but the headline is a number of underlying metrics are scoring record highs, and that a lot of the pressure is being produced domestically and not just from external shocks. In particular, Germany registers above the rest of the continent with record high underlying inflation readings. All of this underscores the call for tighter ECB policy. Speaking of which, as previewed at the top, DB’s European economists released their ECB preview ahead of next week’s meeting yesterday, and they are now expecting the ECB to implement at least one +50bp rate hike by September, the first shop to take such a stance according to the latest Bloomberg survey. They note a +50bp hike is more likely in September but there’s a risk it comes in July. There is actually a precedent for 50bps from the ECB, although you have to go all the way back to June 2000 to find the last time they moved so quickly at a single meeting, and a +50bp hike is consistent with the reaction function President Lagarde outlined in her recent blog. Our economists also believe the ECB will be underestimating inflation with their forecast updates at next week’s meeting, necessitating a bigger rate increase early in their hiking cycle. Additionally, they expect the ECB to get rates 50bps above neutral by the middle of next year for a modestly restrictive policy stance to fight inflation. For next week’s meeting, they believe the GC will signal the end of net APP (asset purchases), clearing the way for a July liftoff. They also expect the ECB staff to raise 2024 inflation forecast to 2% and confirm the expiration of TLTRO discounts. Elsewhere on the inflation front, it appeared that Brent crude futures were set for a 9th consecutive daily gain and their second highest close in over a decade. However a post-European close Wall Street Journal article reported that OPEC was considering exempting Russia from its oil production deal in light of sanctions, which would pave the way for other members to pump a lot more oil. This drove an intraday reversal in Brent and WTI which closed down -1.14% and -0.35%, respectively having been up +2.97% and +4.27% at their peaks for the day. Growing fears that inflation will prove even stickier than previously hoped led to a major selloff among sovereign bonds on both sides of the Atlantic yesterday. In Europe, yields on 10yr bunds (+6.7bps), OATs (+7.5bps) and BTPs (+12.1bps) all moved higher thanks to a rise in both real rates and inflation breakevens. Meanwhile in the US, yields on 10yr Treasuries were up +10.6bps to 2.84% as markets caught up following the Memorial Day holiday and then added a bit more for good measure. We're another +1.5bps higher this morning. As it happens, today also marks the start of the Fed’s quantitative tightening process, which starts at a pace of $30bn per month for Treasuries, and $17.5bn for MBS, although those numbers will both double after 3 months. For those wanting more details, Tim on my team released a playbook for the process a couple of weeks back (link here). That prospect of stickier inflation and thus more aggressive rate hikes from central banks meant that equities took a knock yesterday as well. The S&P 500 was down -0.63% following its strongest weekly performance since November 2020, and small-cap stocks suffered in particular as the Russell 2000 shed -1.26%. It was a different story for the megacap tech stocks however, with the FANG+ index advancing another +0.69%, having gained more than +12% since its recent closing low last week. Over in Europe, the main indices also lost ground following their Monday gains, with the STOXX 600 (-0.72%), the DAX (-1.29%) and the CAC 40 (-1.43%) all falling back on the day. Equity futures are indicating a more positive start with contracts on the S&P 500 (+0.39%), NASDAQ 100 (+0.30%) and DAX (+0.64%) all higher. Asian equity markets are mixed this morning. The Hang Seng is down -0.67% in early trade, tracking declines in US equity markets along with a pullback in Chinese listed tech stocks. Additionally, in mainland China, the Shanghai Composite (-0.10%) and CSI (-0.13%) are also lagging. Elsewhere, the Nikkei (+0.71%) is leading gains as the Japanese yen weakened -0.32% to 129.08 against the US dollar. Markets in South Korea are closed today for a holiday. Meanwhile, in Australia, the S&P/ASX 200 (+0.12%) is edging higher after Q1 GDP advanced +0.8% from the final three months of last year (v/s +0.7% expected), taking the annual pace to +3.3% and outpacing the pre-pandemic average of around +2%. Other data showed that South Korea’s exports accelerated, growing +21.3% y/y in May (v/s +18.4% expected), against April’s upwardly revised +12.9% increase as shipments to Europe and US improved offsetting disruptions with China's trade. Separately, China’s Caixin manufacturing PMI improved to 48.1 from 46.0 in April. Back to yesterday on the data front, the Conference Board’s consumer confidence indicator for May surprise to the upside at 106.4 (vs. 103.6 expected), although it was still a decline on the previous month. Otherwise in the US, the FHFA house price index for March came in at just +1.5% month-on-month (vs. +2.0% expected), but the S&P CoreLogic Case-Shiller 20-city index surprised on the upside with a +21.2% year-on-year gain (vs. +20.0% expected). Then the MNI Chicago PMI also surprised to the upside with a 60.3 reading (vs. 55.0 expected). Finally, the number of UK mortgage approvals in April fell to their lowest in nearly 2 years at 66.0k (vs. 70.5k expected). To the day ahead now, and data releases include the global manufacturing PMIs for May and the US ISM manufacturing reading for May. Otherwise, there’s German retail sales for April, the Euro Area unemployment rate for April, US construction spending for April and the JOLTS job openings for April. From central banks, the Bank of Canada will be making its latest policy decision and the Fed will be releasing their Beige Book. Otherwise, speakers include ECB President Lagarde and the ECB’s Knot, Villeroy, Panetta and Lane, the Fed’s Williams and Bullard, and PBoC Governor Yi Gang. Tyler Durden Wed, 06/01/2022 - 07:50.....»»

Category: blogSource: zerohedgeJun 1st, 2022

Is BHP Group (BHP) a Suitable Value Investors Stock Now?

Let's see if BHP Group (BHP) stock is a good choice for value-oriented investors right now from multiple angles. Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put BHP Group Limited BHP stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:PE RatioA key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.On this front, BHP Group has a trailing twelve months PE ratio of 10.54, as you can see in the chart below:Image Source: Zacks Investment ResearchThis level actually compares pretty favorably with the market at large, as the PE for the S&P 500 stands at about 19.57. If we focus on the long-term PE trend, BHP Group’s current PE level puts it below its midpoint over the past five years.Image Source: Zacks Investment ResearchHowever, the stock’s PE compares unfavorably with the Zacks Basic Materials sector’s trailing twelve months PE ratio, which stands at 8.49. At the very least, this indicates that the stock is relatively undervalued right now, compared to its peers. Image Source: Zacks Investment ResearchWe should also point out that BHP Group has a forward PE ratio (price relative to this year’s earnings) of just 8.21, so it is fair to say that a slightly more value-oriented path may be ahead for BHP Group stock in the near term too.P/S RatioAnother key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings. Right now, BHP Group has a P/S ratio of about 1.72. This is lower than the S&P 500 average, which comes in at 4.16 right now.  Also, as we can see in the chart below, this is below the highs for this stock in particular over the past few years.Image Source: Zacks Investment ResearchIf anything, BHP is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading—at least compared to historical norms.Broad Value Outlook In aggregate,BHP Group currently has a Zacks Value Score of A, putting it into the top 20% of all stocks we cover from this look. This makes BHP Group a solid choice for value investors.  What About the Stock Overall? Though BHP Group might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth Score of F and a Momentum Score of C. This gives BHP a Zacks VGM score — or its overarching fundamental grade — of A. (You can read more about the Zacks Style Scores here >>)Meanwhile, the company’s recent earnings estimates have been encouraging. The current year has seen five estimates go higher in the past sixty days compared to three lower, while the full year 2021 estimate has seen three upward revision compared to one downward in the same time period.This has had a positive impact on the consensus estimate though as the current year consensus estimate has improved by 19.7% in the past two months, while the full year 2023 estimate has risen by 1.4%. You can see the consensus estimate trend and recent price action for the stock in the chart below:BHP Group Limited Sponsored ADR Price and Consensus BHP Group Limited Sponsored ADR price-consensus-chart | BHP Group Limited Sponsored ADR QuoteDespite this positive trend, the stock has a Zacks Rank #3 (Hold), which indicates expectations of in-line performance from the company in the near term.Bottom Line  BHP Group is an inspired choice for value investors, as it is hard to beat its incredible line up of statistics on this front.However, with a sluggish industry rank (among bottom 41% of more than 250 industries) and a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past two years, the Zacks Mining – Miscellaneous industry has clearly underperformed the market at large, as you can see below:Image Source: Zacks Investment ResearchSo, value investors might want to wait for industry trends to turn around in this name first, but once that happens, this stock could be a compelling pick. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BHP Group Limited Sponsored ADR (BHP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 1st, 2022