Shares of Nvidia Corp (NASDAQ:NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and the Standard & Poor’s 500 […] Shares of Nvidia Corp (NASDAQ:NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and the Standard & Poor’s 500 each fell 4.04% and 3.57%, respectively. The Dow finished the day at 3,923.68 while the S&P finished at 31,490.07. Trading volume on the day held at 54.1M, which is still 2.4 million below the 56.5 million 50-day average volume. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {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 NVIDIA Underperforms Even Against Competitors The decline of NVDA stock was among the worst performer in the NASDAQ index. Competitors like Microsoft (MSFT), Intel Corp (INTC), and Texas Instruments (TXN) were all down at the end of the day. Texas Instruments had the smallest drop, of nearly 2.7% to $170.30 while Microsoft saw a 4.55% drop to $254.08. Finally, Intel Corp fell more than 4.6% to $42.35. For Nvidia Corp, though, the day was not a satisfying one. As such, on Wednesday NVDA closed $177.09 below its 52-week high of $346.47 (reached on November 22, 2021). Accordingly, Nvidia shares have slipped as much as 50% from its record high share price of $346, from last year. Currently, the Nvidia share price has a value of $177. Why Nvidia is Struggling Nvidia is probably most commonly known as a manufacturer of graphics processing units (GPUs) that make PC video gaming possible. Unfortunately, a decline in prices for these products could present a near-term risk to one of Nvidia's biggest revenue sources. As a matter of fact, gaming remains the largest segment for the company. Last year, alone, Nvidia's gaming revenue grew by 61% year-over-year, to $12.4 billion. But while the overall growth in this segment is excellent, declining sale prices could put a damper on things. During the pandemic, a microchip shortage shot selling prices for items like upgraded GPUs through the roof. Indeed, prices for both Nvidia's GeForce RTX 30 series and also the Radeon RX 6000 series from Advanced Micro Devices had been on an upward trend throughout all of last year. Since the start of 2022, however, GPU prices started to drop. In addition to this, two major global events have created major obstacles for various industries and including chip makers like Nvidia. For example, China's largest chipmaker, Semiconductor Manufacturing International Co (SMIC) has warned of a massive drop in both smartphones and personal computers. Primarily, SMIC CEO Zhao Haijun notes that COVID lockdowns across China and also the Russian invasion of Ukraine have destroyed demand for approximately 200 million smartphone units. While SMIC and Nvidia are two separate companies (operating in two different countries), SMIC's struggles could easily spell out an equally difficult fate for Nvidia. Indeed, there is a chance that SMIC could be just a microcosm in China for what could become a much larger complication in the global market. This Cloud Has a Silver Lining Finally, some analysts have noted that Nvidia stock is trading at a somewhat attractive price-to-earnings ratio of 31.5. More importantly, perhaps, some analysts also expect Nvidia to grow its earnings at a 30% compound annual rate across the next half a decade. On top of this, the market anticipates that Nvidia will deliver a YOY increase in earnings on notably higher revenues when it releases its Q1 2022 earnings report. With the first quarter ending in April, Nvidia is expected to release its new earnings report on May 25, 2022. If the key numbers in the report are better than analysts expected, the stock could see a bump in value. Of course, that also means the stock could slip even further if the numbers fail to meet expectations. That said, analysts do expect the gaming and artificial intelligence graphics chip maker will post quarterly earnings upwards of $1.30 per share in that coming report. This incline represents a positive YOY change of 41.3%. Similarly, revenue is expected to reach $8.12 billion, which would be a YOY increase of 43.4% on the quarter. All this in mind, analysts are a bit cautious about Nvidia stock for the time being. For those who may be interested in acquiring a few shares, it may be best to wait til the end of the month, after the release of their earnings report, to be certain it will move favorably towards the end of the year. NVIDIA is a part of the Entrepreneur Index, which tracks some of the largest publicly traded companies founded and run by entrepreneurs. Should you invest $1,000 in NVIDIA right now? Before you consider NVIDIA, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list. While NVIDIA currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Keala Miles, MarketBeat Updated on May 19, 2022, 5:18 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});.....»»

Investors Run To Cash, S&P 500 Enters Reversal We recently saw a headline that made us ask “what?!?” because it said an uptrend in the S&P 500 (NYSEARCA:SPY) had been confirmed. Our take on the market is that not only has the near-term downtrend in the S&P 500 been confirmed but that a major reversal […] Investors Run To Cash, S&P 500 Enters Reversal We recently saw a headline that made us ask “what?!?” because it said an uptrend in the S&P 500 (NYSEARCA:SPY) had been confirmed. Our take on the market is that not only has the near-term downtrend in the S&P 500 been confirmed but that a major reversal in the market has been confirmed as well. You can blame it on what you want: Russia’s invasion of Ukraine, inflation, supply chain hurdles, rising rates, the FOMC, or the threat of recession and you would be basically right. The reason for the reversal is because of earnings and all of those other factors play into the S&P 500’s earnings power. We’ve already been tracking a downturn in the outlook for earnings growth, after this week’s reports from the retail sector we think that trend is going to accelerate and bring the entire market down with it. 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 The Technical Picture Is Clear, The S&P 500 Is In A Downtrend The S&P 500 has been in a downtrend since hitting the all-time high at the turn of the year. That downtrend was confirmed over the past two weeks when the index broke through a major support level to set a new low and then bounce back to confirm resistance at that level. That level is the 4,100 level and the fall was confirmed by the indicators as well. Both the stochastic and the MACD are showing bearish crossovers that have ample room to run which suggests prices will wallow at current levels or move lower. The scary part of this assessment is that the near-term downtrend is part of a much larger and more powerful price pattern that has also been confirmed.   We’ve been tracking a reversal in the S&P 500 since early in the year. The index made a push to new highs that was met by selling and broke the uptrend that had been in place since the pandemic bottom in 2020. At that time, the question was, is this a trend change from up to sideways or a full reversal in prices and it looked, at least for a while, as if up to sideways was the answer. The problem now is that a Head & Shoulders Reversal pattern has formed and the break to new lows confirms it as such. Price action rebounded from the new low but, as mentioned before, the rebound met resistance at the 4,100 level which just happens to be the neckline of the pattern. Where Does The S&P 500 Go From Here? Where the S&P 500 goes from here is a tough call but the trend is definitely downward. The first targets we get are derived from the near-term downtrend. The most recent downtrend began at the 4,550 level and hit support at 4,100 which gives a magnitude of 450. Subtract 450 from 4,100 to get a target near 3,650. That target is coincident with the market consolidation in early 2021 and a viable target for a rebound or bottom to form. In the short to mid-term, the index could fall a little further based on the magnitude of the Head & Shoulders Pattern itself. That pattern is worth 700 points in movement and could take the index down to the 3,400 level. 3,400 is coincident with the 2020 top and consolidation so another good target for a rebound, relief rally, or bottom. If that doesn’t hold, the next target is near the 2,800 level and the long-term uptrend that we’ve been tracking for the last 13 years. It is our opinion that, unless something changes drastically very soon, the S&P 500 will move down to that level. Should you invest $1,000 in SPDR S&P 500 ETF Trust right now? Before you consider SPDR S&P 500 ETF Trust, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SPDR S&P 500 ETF Trust wasn't on the list. While SPDR S&P 500 ETF Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Thomas Hughes, MarketBeat Updated on May 19, 2022, 5:28 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});.....»»

Adagio Therapeutics Inc (NASDAQ:ADGI) said it secured manufacturing capacity with third parties to produce its SARS CoV-2 antibody treatment for clinical trials in anticipation of US Food and Drug Administration and other regulations. The Waltham, MA-based clinical-stage biopharmaceutical company focuses on discovering, developing and commercializing antibody-based solutions for infectious diseases with pandemic potential. Adagio has […] Adagio Therapeutics Inc (NASDAQ:ADGI) said it secured manufacturing capacity with third parties to produce its SARS CoV-2 antibody treatment for clinical trials in anticipation of US Food and Drug Administration and other regulations. The Waltham, MA-based clinical-stage biopharmaceutical company focuses on discovering, developing and commercializing antibody-based solutions for infectious diseases with pandemic potential. Adagio has a portfolio of SARS-CoV-2 antibodies, including multiple, non-competing, broadly neutralizing antibodies with distinct binding epitopes, led by ADG20. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Adagio Therapeutics' IPO Adagio has traveled a rough road since its August 2021 $17 initial public offering. The shares debuted with a roughly 25% gain, climbing to $78.82 amid analyst optimism which drove demand. The bubble burst, though, and the shares began a long decline to their current roughly $3 a share. That's an 86% decline from the shares' high. The shares spiked briefly in November when Adagio said ADG20 showed effectiveness against Omicron. Retail investors greeted the news by opening their wallets to buy. Adagio shares climbed 629 positions on the Fintel Retail Ownership leaderboard and currently sit at the 119th spot. We included a chart from ADGI's Retail Ownership page below: Buyers also digested the company's earnings from Friday when the company reported a 93 cents a share loss first quarter loss, a blistering 30 cents below Wall Street analysts' average estimate. Research and Development expenses rose to $92 million, compared to $34 million for the prior year. The firm reported cash and cash equivalents of $532 million on the 31st of March and management expects total cash and equivalents will continue to fund the company into the 2024's second half. The company paused its clinical trials earlier after early results against the Covid 19 omicron variant. Adagio shares carry the risk of many early-stage biotech firms; running out of money. Investors often balk at funding untested product development. However, its current cash balance exceeds its market capitalization and provides an operating cushion and share price support. According to Fintel's Put/Call Ratio for ADGI, which indicates market sentiment for the underlying shares, the stock has a score of 0.42 The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment. We a chart of this ratio and how it has behaved over the last three months: Interestingly, the stock also sports a Fintel Short Squeeze Score of 86.61, which places it in the top 5% of our 5,500 screened companies. The Short Squeeze Score uses a sophisticated, multifactor quantitative model that identifies companies with the highest risk of experiencing a short squeeze. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. The number ranges from 0 to 100, with higher numbers indicating a higher risk of a short squeeze relative to its peers and 50 being the average. The consensus analyst rating for the shares is "underweight." Article by Ben Ward, Fintel Updated on May 19, 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});.....»»

Oil Stockpiles Fall Despite Fear Of Slowing Growth The price for WTI (NYSE:USO) has been trending sideways over the past few months as traders, speculators, hedge funds, and users of oil wrestle with a rapidly changing environment. While the price action has been moving lower over the past few days, we don’t think a top […] Oil Stockpiles Fall Despite Fear Of Slowing Growth The price for WTI (NYSE:USO) has been trending sideways over the past few months as traders, speculators, hedge funds, and users of oil wrestle with a rapidly changing environment. While the price action has been moving lower over the past few days, we don’t think a top has been reached in this market. Rising oil prices are having an impact on demand but systemic demand for fuel and petrochemicals remains high. A recession, if it comes, may not produce lower energy prices simply because we expect labor markets to remain tight due to the massive shortfall of available employees. 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 Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more  The EIA is forecasting supply and demand to run very tight over the next 6 months and there are numerous risks to the outlook. To start, the EU is not only pushing to ban imports of Russian oil and gas but Russia's claims it would sell its oil to “other” parties is without merit. If the EU follows through on the latest proposal, there will be a total ban on Russian oil in 6 months' time. At the same time, COVID restrictions in China and, more importantly, the key manufacturing hub of Shanghai, are expected to ease beginning June 1st and that will boost demand in an already tight supply/demand environment. US Energy Stockpiles Decline In the US, energy stockpiles are already in decline and moving lower. The latest data shows that crude and gas inventories fell again versus expectations for increases and we don’t see the trend changing. Diesel fuel and distillate stockpiles rose but not enough to make up the shortfall in the WTI data and distillate stockpiles are at the lowest level since 2005. Not even counting the demand for fuel on the road today, refinery demand to rebuild those stockpiles will be a powerful tailwind for oil prices. Releasing the Strategic Petroleum Reserve is not helping the situation either. Total US stockpiles, including the SPR, are at 12-year lows due to the release of the SPR. The SPR itself is at the lowest level since the late 80s and will provide another tailwind to price action when it gets replenished. The takeaway is that energy reserves are well below average and in need of replenishment. Because demand is expected to match output for the foreseeable future the replenishment of stockpiles is an unlikely event. The Technical Outlook: WTI Is Waiting To Pop The price action in WTI has been sideways over the past few months but the bias is definitely upward. Not only has WTI confirmed support above the previous high but support is moving higher and new highs were recently set within the range. The indicators are also bullish showing a series of small but strengthening MACD peaks and higher lows in the stochastic. Price action may fall in the near term due to easing fears or fear of slacking demand but these pullbacks should be viewed as buying opportunities at this time. It is our opinion that energy markets are tight and traders are waiting for the next bad headline to cross the wire. The weekly chart is equally biased and to the upside. While price action pulled back from the March peak it found support above $97 and has since built a nice base. The indicators also pulled back which is evidence of a cooling market but that is consistent with consolidation within a bull market. The indicators at this level have already rolled over into bullish crossovers that, at the very least, confirm support at the previous high. At best, the bullish crossovers in WTI are trend following signals that will have price action back to the all-time high fairly soon. Article by Thomas Hughes, MarketBeat Updated on May 19, 2022, 4:54 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});.....»»

Would you like to have an extra $1,000 per month? Even if you’re a minimalist, I think most of us would jump at this opportunity. And, for good reason. An extra grand a month could totally transform your life. In addition to paying off financial debt, you could also invest in your retirement or buy […] Would you like to have an extra $1,000 per month? Even if you’re a minimalist, I think most of us would jump at this opportunity. And, for good reason. An extra grand a month could totally transform your life. In addition to paying off financial debt, you could also invest in your retirement or buy life insurance with this extra cash. Or, with your newfound financial freedom, you could finally make much-needed home repairs, take a class to enhance your skills, or take that vacation you’ve been talking about for years. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {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 And, considering that 56% of Americans can’t pay for a $1,000 emergency expense, this money could be used to build a considerable emergency fund. However, you’re not going to suddenly end up with $1,000 per month — unless you inherit money or win the lottery. It has to be earned. Now, your first thought could be that you should find a second job. If you’re facing a financial crisis or are working toward a short-term financial goal, this is the right move. On the other hand, you may find this takes you away from your family, friends, or hobbies. Plus, juggling both a full-time job and an internship can be exhausting. Consequently, if your performance or productivity plummets, you could in essence risk your primary source of income. With that said, what are your realistic options for earning an extra grand each month? One of my favorites is through a passive income. What is a Passive Income? Making passive income requires little effort on your part. Often, passive income is referred to as ‘earning money while you sleep’ because it requires almost no involvement. This isn’t the case in every situation, however. However, hopefully, you’ve got the jest on what a passive income is. However, there is a myth about passive income that needs to be busted. Passive income is assumed to be so easy that anyone can earn it within the weekend. Once that’s done, you just sit back and wait for the money to come following in. Truth be told, a lot of work needs to be done upfront. Your passive income sources still need to be updated and maintained even after the initial legwork is completed. One example is blogging. Once it’s up and running and producing a steady revenue stream, it can make a lot of money. But, building a blog to that level takes a lot of effort. And, even if you reach that level, it still needs to be managed. If anything, it’s semi-passive. Although this is an excellent income source, it is not really passive. But, that’s not true with dividends. What is a Dividend (And Why They Rock)? If you want a truly passive income, then let me introduce you to my good friend dividends. For those who aren’t acquainted with my friend here, dividends are payments companies make to shareholders as a way of sharing profits. Investors earn a return on stock investments through dividends, which are paid on a regular basis. Let me also add that not all stocks pay dividends. You should choose dividend stocks if you want to invest for dividends, however. All right, that’s great. What makes dividends a passive income though? Again, most passive income sources will still need a little TLC every now and then. I already talked about blogging. But, property rentals are another example of a semi-passive income. If you don’t maintain your rental, it’s going to depreciate and become loss appealing to renters. In the current era of exceptionally low interest rates, dividend income is in a league of its own. It is possible without any effort to create a portfolio of stocks that generates a steady return of 3%-4% per year. There is no better example of a truly passive investment today than that. Now, let me be real. To reach the desired level of income takes a lot of capital. If you invest wisely, however, you can earn a generous income — even $1000 per month in dividends. And, as soon as it’s up and running, you won’t have to lift a finger to get it going. Besides being a legitimate passive income, I’m a big fan of dividends for the following reasons. Capital appreciation. Even though I’m talking about dividends, dividend stocks can also generate capital appreciation. After all, they’re stocks, and the value of stocks tends to go up over time. If you’re lost, let’s take Pepsi as an example. Right now, the stock pays a dividend of almost 3% per year. The current share price is about $172. But if you purchased the stock 10 years ago? You could have done so at less than $65 per share. The stock value has more than doubled in 10 years, and you have earned 3% in passive income over that time. In other words, dividend stocks have the advantage of not only providing a steady income. But also the benefit of capital appreciation. By doing so, you can protect your investment from inflation and also make sure it grows over the long run. As such, dividend stocks are among one of the very best investments you can make, and are one of the strongest recommendations for the foundation of your portfolio. Dividend stocks should be a core investment, even if you own other investments. Dividend stocks vs. growth stocks. Now, I gotta quickly fill you in on dividend stocks. Unlike growth stocks, dividend stocks tend to rise less in price than growth stocks. Why? As their name implies, growth stocks are all about growth. Most pay little dividends if any at all. All profits are instead reinvested into the business to expand revenue and profit. In fact, over the past decade, growth stocks that don’t pay dividends have produced some of the best results. The most notable example is Amazon (AMZN). In the past 10 years, its stock price increased from $170 per share to more than $3,000 now, but it doesn’t pay a dividend. You won’t get income from these stocks until the day you sell them, so you may want to hold a number of them in your portfolio. The appreciated value will come at that point. But, for now, it’s just paper gain. In short, investing in dividend stocks is a better choice if you’re looking for passive income. Favorable tax treatment. Dividend-paying stocks offer tax benefits in addition to yields above those of interest-bearing securities. Dividends are treated as ordinary income by the Internal Revenue Service. If qualified for the long-term capital gains tax rate, however, they aren’t taxed. Dividends on the stock must be issued by a US corporation or by a foreign corporation with stock trading on a US exchange in order to qualify as a qualified dividend. To qualify for dividends on a stock, you must also own it for at least 60 days. For qualified dividends the tax rates are as follows: If you have a taxable income of less than $78,750, you pay 0%. If you’re single and earn more than $78,750, but less than $434,550, or if you’re married filing jointly, or if you’re a qualified widow, you’re eligible for a 15% tax exemption. Taxes are charged at a rate of 20% of your taxable income that exceeds these thresholds. In any case, if you hold dividend stocks in qualified tax-deferred retirement plans, the lowered (or nonexistent) taxes won’t matter. Holding them in a taxable investment account will give you a big tax advantage though. Where to Find Dividend Stocks Dividend-paying stocks tend to be issued by large corporations with established financial records. Or at least those that pay higher yields consistently over time. They are also commonly known in most cases. Either they have popular products or services, or they’ve been around for a long time and have built a strong reputation. They tend to be popular with investors, too, due to all those qualities and their dividends. Now, when it comes to dividend stocks, companies can choose between different dividend types. The most common types include: Cash dividends. These are the most common dividends. Companies typically deposit cash dividends directly into shareholders’ brokerage accounts. Stock dividends. In addition to paying cash, companies can also share additional stock with investors. Dividend reinvestment programs (DRIPs). With DRIPs, dividends are reinvested into the company’s stock, often at a discount, so investors receive their dividends back sooner. Special dividends. Shareholders receive these dividends when their common stock goes up in value, but they do not recur. When a company has accumulated profits over years but does not need them at the moment, it will issue a special dividend. Preferred dividends. The dividends paid to the owners of preferred stock. Stocks that are preferred function less like stocks and more like bonds. Most preferred stock dividends are paid quarterly, but unlike dividends on common stock, they are typically fixed. With that out of the way, let me go over the three basic ways to invest in dividend stocks. Start with dividend aristocrats. At present, all stocks in the S&P 500 index offer a yield of 1.37%. To begin, you might want to focus on stocks that are paying even higher dividends. Stock screener software can certainly assist with finding those companies. But, there’s a much easier method. You can find many of the best and most stable dividend stocks on a list called Dividend Aristocrats, which includes some of the highest-dividend paying stocks. At the moment, the list includes 65 companies. In order to be considered a Dividend Aristocrat, a company must meet specific criteria. Among these criteria are: At least 25 straight years of increasing dividends to shareholders. An established, large company is generally listed on the S&P 500, rather than one that is fast-growing. The company must have a market capitalization of at least $3 billion. The value of daily share trades for the three months prior to the rebalancing date must have averaged $5 million. However, just because a stock is a Dividend Aristocrat doesn’t automatically make it a good investment. There is no guarantee that a company is permanently on the list just because it is on the list. The list is usually altered every year, as some companies are added and others drop. Dividend aristocrats: What to watch out for. In the case of Dividend Aristocrats, two factors need to be considered: The ratio of dividends paid out. This is the percentage of net profits a company pays out to shareholders in dividends. It is unlikely that the current dividend is sustainable if this number approaches or exceeds 100%. The optimal dividend payout ratio is between 50% and 60%. A dividend yield that is excessive. A dividend yield of 3% to 4% is the average for Dividend Aristocrats. In some cases, higher pay may be due to a company’s share price falling, such as 6%, 8%, or more. This could indicate a company is in distress. Either situation can indicate a dividend reduction is a real possibility. If that happens, not only will your dividend yield be reduced, but the price of the stock will almost certainly fall. High dividend exchange-traded funds (ETFs). Investing in ETFs can be a good alternative to holding individual stocks. For example, you can invest in dividend-paying ETFs. Examples include: Vanguard High-Dividend Yield ETF (VYM) – currently yields 2.99%, with an average return of 10.45% over the past decade. SPDR S&P Dividend ETF (SDY) – has an overall return of 10.23% over the past ten years and a dividend yield of 2.91%. Schwab US Dividend Equity ETF (SCHD) – pays dividends of 3.69%, and has returned 14.61 percent over the past 9 years (founded in October 2011). These three funds not only show double-digit returns for the past decade but also have current yields much higher than interest-bearing investments. Although you might not become wealthy in the way that high-flying growth stocks do, these funds provide steady, reliable returns. Long-term investors should consider this kind of investment as the centerpiece of their portfolios. Real Estate Investment Trusts (REITs) Essentially, REITs are mutual funds that invest in real estate instead of stocks. However, not any kind of real estate will do. Real estate investment trusts invest mostly in commercial properties, including office buildings, retail space, warehouses, and big apartment buildings. A minimum of 90% of their income must be distributed to shareholders as dividends as well. The net rental income and the capital appreciation distributions of sold properties make up this portion. For simplicity, dividends are usually paid on a monthly basis by REITs. Here are some dividend-paying REITs to consider: Brookfield Property REIT (BPY) – current dividend yield of 7.54%. Kimco Realty Corp (KIM) – current dividend yield of 3.26%. Brandywine Realty Trust (BDN) – current dividend yield of 6.59%. Bear in mind, however, that REITs have not had good long-term performance in the past few years. In spite of paying consistently high dividends, both Brookfield Property REIT and Kimco Realty Corp have experienced major share price declines over the past decade. On the flip side, Brandywine Realty Trust showed the best capital appreciation, holding constant over the past decade. Where to Invest in Dividend Stocks Want to earn a passive income with dividends? The following investment platforms allow you to invest in dividend stocks or high dividend ETFs. As an added perk, each gives you the option of commission-free investment in stocks or ETFs. Robinhood On either your computer or your mobile device, you can trade stocks and ETFs using the Robinhood app. This is also one of the only investment apps that offer trading options as well as cryptocurrency. In spite of the fact that Robinhood is primarily designed for self-directed investors, it provides sufficient company information to identify dividend stocks and track them. Dividend yield, price-earnings ratio, and 52-week high and low prices all fall into this category. The company is currently giving you the chance to earn up to $500 in free stocks by referring friends who open accounts on the app. A stock can be worth anywhere from $2.50 to $200. But, come on. That’s free money just for signing up. Webull Webull works a lot like Robinhood. This company offers commission-free trading of stocks, ETFs, and options, and it has mobile trading capabilities. If you’re on the move constantly, then this is the platform for you. Webull does not require a minimum initial investment. But funds are required for investing. Moreover, it does offer both traditional and Roth IRA accounts, which makes it a better alternative to Robinhood. The reason dividend stocks are ideal for retirement accounts is that they provide long-term growth in addition to income. You will also receive interest on any invested cash held in your account at Webull. M1 Finance Unlike Robinhood and WeBull, M1 Finance allows you to purchase stocks through portfolios called “pies,” which are comprised of many stocks and/or ETFs. There are pre-built pies available, but you can customize your own with the stocks and ETFs you want. If you prefer, you can make a pie out of each of your favorite Dividend Aristocrats, or even pick all 65 stocks. It’s entirely up to you how many pies you want. Dividend Aristocrats can be held in one account, growth stocks in another, or sector ETFs in another. When you have created one or more pies, M1 Finance provides you with another advantage. Your pie will be managed robo-advisor-style, with periodic rebalancing to make sure your allocations remain on target, and even dividends reinvested. You can then sit back and watch your investment grow once you’ve selected your stocks or funds. Ah. The best kind of passive income you could ever ask for. How to Build a Portfolio That Will Make $1,000 Per Month in Dividends Sample Dividend Portfolio For new and small investors, this is a significant barrier. I mean you’d need about $400,000 with a yield of 3% to make $1,000 per month in dividends. But how do you get to $400,000? To begin, let’s take a look at things from a different perspective. Investing in dividends is, by definition, a long-term endeavor. The goal isn’t growth, and most certainly not explosive growth. Rather it’s all about a steady income that hopefully will appreciate over time. So, you’ll need patience and constant investing if you want to make it a long-term investment. The first step, then, is to consider the amount you plan to invest and set up a regular schedule. Suppose, for example, you buy 10 shares of a particular stock each month, or invest $500 per month. Over time, you can gradually add many thousands of dollars to your investments every year. This results in a positive outcome. With your monthly purchases, you will be able to utilize dollar-cost averaging. A method like that greatly eliminates the impact of stock price fluctuations or the timing of the end of the market. Every month, you will just invest the same amount. And, best of you all, you just let compound interest work its magic. If you are investing $500 per month in a growing portfolio of dividend stocks with a 10% return, including dividends and capital appreciation, you would be investing $6,000 per year. Investing at the same level for 21 years will mean you’ll have over $400,000 — even if you never increase it. Dividend Reinvestment Plans commonly called DRIPs, make this possible. These are often offered by the brokerage firm where you hold the stocks. With DRIPs, dividends are used to buy more shares of the same company automatically. The Bottom Line Dividend stocks don’t get the same buzz as growth stocks do. The thing is, they’re the kind of investments that build both permanent wealth and passive income. What’s not to like about that? For retirement portfolios, dividend stocks are especially enticing. Investing in these funds will not only allow you to build wealth over decades but will also provide a steady flow of income when you retire. As the stock prices rise in value over time, you can use the dividend income to cover living expenses. You can choose to receive $2,000, $3,000, or even $5,000 in dividends per month, even though I have been talking about $1,000. You’ll need a much broader portfolio for that. However, if you are planning to become wealthy or retire with a seven-figure account, you might as well earn a decent income while you’re at it. To build a portfolio large enough to generate $1,000, or more, per month in dividends, you must combine regular contributions, dividend reinvestment, and capital appreciation. Article by Jeff Rose, Due About the Author Jeff Rose is an Iraqi Combat Veteran and founder of Good Financial Cents. He teaches people wealth hacking. He is a frequent on CNBC, Forbes, Nasdaq and many other publications. He is author of the book "Soldier of Finance: Take Charge of Your Money and Invest in your Future" where he teaches how he escaped from $20,000 in credit card debt to a life of wealth. 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EasyJet plc (LON:EZJ)’s half year pre-tax losses were £545m, compared to £701m last year. That was at the better end of expectations, and reflects an increase in revenue from £240m to £1.5bn. Capacity was 30.3m seats, up significantly on 6.4m last year. easyJet expects to operate 90% of pre-pandemic capacity in the current quarter. In […] EasyJet plc (LON:EZJ)’s half year pre-tax losses were £545m, compared to £701m last year. That was at the better end of expectations, and reflects an increase in revenue from £240m to £1.5bn. Capacity was 30.3m seats, up significantly on 6.4m last year. easyJet expects to operate 90% of pre-pandemic capacity in the current quarter. In the last 10 weeks, bookings have been 6% above the same period in 2019. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more The group said: “Despite the rise in living costs, consumer research suggests there is still strong appetite to travel due to pent up demand and people topping up savings during the pandemic. 1 in 2 respondents in the UK say limited opportunities to travel during the pandemic has made their holidays more important to them than before”. The shares rose 2.1% following the announcement. EasyJet's Earnings Sophie Lund-Yates, equity analyst at Hargreaves Lansdown: “easyJet’s about-turn is almost complete, with plans to operate within a whisker of pre-pandemic levels by the end of the year. Revenue has increased dramatically as the short-haul specialist has ramped up capacity, and crucially – passengers have come to fill it. That means losses have been narrowing despite the enormous cost that comes with switching an entire airline back into the “on” position. The group’s also confident that the cost-of-living crisis isn’t touching performance. It was quick to point out that holidays are more important to people these days, after two years without travel abroad. This idea does ring true to some extent, but there’s no getting away from the fact that if faced with a recession, a holiday – whether a hop down the road or a city break to Prague, simply isn’t going to happen for millions of people. This isn’t a flashing red indicator at this juncture, but it’s something to keep one eye on.” About Hargreaves Lansdown Over 1.7 million clients trust us with £132.3 billion (as at 30 April 2022), making us the UK’s number one platform for private investors. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month. Updated on May 19, 2022, 1:47 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

In the first quarter, Fevertree Drinks PLC (LON:FEVR)’s seen bar and restaurant sales gain momentum in the UK following a tough start to the year where Omicron impacted trading. In the US and Rest of World, sales are ahead of pre-pandemic levels. Sales in UK shops have continued to return to normal levels, as consumers […] In the first quarter, Fevertree Drinks PLC (LON:FEVR)’s seen bar and restaurant sales gain momentum in the UK following a tough start to the year where Omicron impacted trading. In the US and Rest of World, sales are ahead of pre-pandemic levels. Sales in UK shops have continued to return to normal levels, as consumers shift spending to bars and restaurants, following lockdowns. In the US, demand remains ‘very strong’ with sales 2.5 times higher than pre-pandemic levels. 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 Series in PDF Get the entire 10-part series on Charlie Munger 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 Efforts to scale up production in the US continue as the group looks to reduce reliance on shipping, where higher costs and delays are hindering trading. On the West Coast, bottling lines are operational with the East Coast expected to ramp up production in the first half. The group called out continued inflationary cost pressures and expected performance this year in line with previous guidance. Revenue is expected between £355m-£365m with cash profit (EBITDA) of £63m-£66m. The shares were unmoved following the announcement. Fevertree's Earnings Matt Britzman, Equity Analyst at Hargreaves Lansdown “Management described trading so far as ‘solid’ and it’s certainly nice to see the group on track for guidance, but we must not forget that was downgraded in March which was met with a nasty market reaction. The main issue this year, is that little to none of the c.16% forecast rise in revenue is expected to drop into cash profits and whilst that’s hardly unusual, given the wider macro conditions meaning costs are rising for pretty much everyone, some of Fevertree’s operations should be getting more efficient. One of the main issues called out for rising costs is shipping to the US, it’s a key growth area for the group so servicing that demand is essential. Positive steps are underway to bottle directly in the US and therefore avoid a lot of freight costs, that partnership with a local bottling company is well underway and ramping up production this year. However, we’re still yet to see any real benefit on margins which are still expected to drop quite significantly this year. There are some positives for the longer-term investment case, growth outside of the saturated UK market looks promising and increased demand for premium alcohol and mixers looks to be stickier than first anticipated. However, when investors are expected to pay 36 times earnings for a slice of the pie, in today’s world, those margins need to start moving in the right direction.” About Hargreaves Lansdown Over 1.7 million clients trust us with £132.3 billion (as at 30 April 2022), making us the UK’s number one platform for private investors. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month. 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Bitcoin prices have slipped over the last few days and the biggest question in the market is what will happen to the cryptocurrency: Will a significant recovery come or will BTC continue to drop? Economist Harry Dent’s bearish stance in the short term might point to an attractive future. Bitcoin Prices’ Dynamic Harry Dent foresaw […] Bitcoin prices have slipped over the last few days and the biggest question in the market is what will happen to the cryptocurrency: Will a significant recovery come or will BTC continue to drop? Economist Harry Dent’s bearish stance in the short term might point to an attractive future. Bitcoin Prices’ Dynamic Harry Dent foresaw a great fall in the markets —including that of cryptocurrencies— during 2022. In an interview with Kitco, Dent fixed his stance regarding the immediate future of the markets saying the recent margin of recovery will not be sustained over time. 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 Warren Buffett Series in PDF Get the entire 10-part series on Warren Buffett 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 Dent said: “This is not a correction. This is the beginning of a prolonged bear market.” Among his predictions, the founder of HS Dent Publishing anticipated that July might be the turning point. By then, he expects bitcoin prices to trade at lower points than those seen so far. That protracted bear market affecting stocks, gold, and cryptocurrencies would end around 2024, according to his predictions. Dent considers that economies are weak and there is an “everything bubble” from which bitcoin cannot escape. In the short term, he sees bitcoin falling to between $3,000 and $7,000 in the next two years. These levels, it should be noted, would represent a negative milestone in the history of cryptocurrencies. A Comeback Bitcoin prices hitting such lows would mean the cryptocurrency can fall back to levels from the previous market cycle —something that has not happened until now. Dent also said he would not buy bitcoin despite being touted as the “opportunity of a lifetime.” After 2024, according to Dent's analysis, the new global financial push would begin, in which bitcoin and assets such as gold would come out winners. For him, Bitcoin could become the financial standard, instead of gold; basically, because “we are now in a digital economy” in which bitcoin represents “the digitization of all financial assets.” In the future, with bitcoin becoming “the standard replacing gold in that role,” Dent believes the cryptocurrency could be worth between half a million and a million dollars as soon as 2037 when he envisions that the great global run will reach its peak. "That would be the investment of a life, but I wouldn't touch it." The investor assured that he "would not touch it" even if it fell to 50% or 60% of current levels, without giving further explanations. Updated on May 19, 2022, 2:06 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});.....»»

The European Commission will propose to keep the rules that limit debt and deficit suspended. The governing body is said to do so in 2023, one more year than initially planned. The move is due to the economic impact of the Russian war in Ukraine. The European Commission’s Move The decision was adopted at the […] The European Commission will propose to keep the rules that limit debt and deficit suspended. The governing body is said to do so in 2023, one more year than initially planned. The move is due to the economic impact of the Russian war in Ukraine. The European Commission’s Move The decision was adopted at the meeting of the college of commissioners Wednesday and will not be announced until Monday, according to the Financial Times, which said there is “consensus” on this decision. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Still, the suspension during a new exercise of the fiscal rules will have to be ratified by the governments of the block. This process is not expected to be "very difficult", according to European sources. "Although political pronouncements on the issue have at times seemed quite divided, I don't think the underlying disagreement is that great. Everyone understands that next year is not going to be a normal year and that whatever rules we have in place have to be implemented." intelligently," said a senior European official. The first opportunity to listen to the opinions of the community partners will be Monday afternoon, when a meeting of the Eurozone Economy and Finance Ministers is scheduled to take place in Brussels. Caution Before the meeting, the economic vice president of the European Commission, Valdis Dombrovskis, and the Commissioner for the Economy, Paolo Gentiloni, will present the annual set of economic advice to each Member State at a press conference, revealing their decision on tax rules. Every year, Brussels issues a series of economic recommendations for each country, although, with the Stability and Growth Pact suspended since the pandemic, the community authorities do not evaluate compliance with the deficit and debt targets of each partner. However, during these two years, the European Commission has asked the most indebted countries in the block for fiscal caution, which is likely to be repeated on this occasion. The bid to continue freezing the rules of a deficit of less than 3% of GDP to bring the debt below 60% of GDP, comes after the European Commission lowered its growth forecast for the eurozone by more of one point due to the impact of the war, leaving it at 2.7% for this year. Updated on May 19, 2022, 2:18 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});.....»»

An analyst commentary on Royal Mail PLC (LON:RMG) from Freetrade Senior Analyst Dan Lane. Royal Mail Is Late To The Party There’s a real urgency about digital transformation this morning but you can’t help feeling Royal Mail is embarrassingly late to the party. “We have no time to waste” is a nice sentiment and those […] An analyst commentary on Royal Mail PLC (LON:RMG) from Freetrade Senior Analyst Dan Lane. Royal Mail Is Late To The Party There’s a real urgency about digital transformation this morning but you can’t help feeling Royal Mail is embarrassingly late to the party. “We have no time to waste” is a nice sentiment and those parcel hubs and better online services can’t come quick enough but the world already saw the direction of travel long before Covid hit. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more So, rather than management’s assertion that the pandemic has shown us all how customer needs can change, in reality the only people surprised by it all is them. Our increasingly paperless world was already moving towards email and text confirmations, online vouchers and newsletters so Royal Mail’s future was always going to be in parcels. The pandemic brought that trend forward and heightened it. And it looks like that boom in parcels over lockdown is sticking around at least for now. But, sooner or later, demand for testing kits will vanish and that pull-forward effect will fade. That means there is a very possible scenario where letter volumes stay low and the parcels business falls too. That’s something Royal Mail can’t afford to let happen. And with such sluggish margins, no wonder the firm is doubling down on parcels and business efficiencies. Shareholders will want evidence of real value now though. We’ve had the group’s buybacks and special one-off dividend now. Investors will need to see that cash being put to good use rather than being returned to them. Management can’t afford to wait for another big event to jolt them into action, it has to happen now. Updated on May 19, 2022, 1:32 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});.....»»

The medium-term outlook for the precious metals remains bearish, but does this mean we can’t profit on shorter-term moves? Quite the opposite! Precious metals declined yesterday, and so did the general stock market. Is the rally already over? When I wrote about this rally on May 12, which took place at the same time when […] The medium-term outlook for the precious metals remains bearish, but does this mean we can’t profit on shorter-term moves? Quite the opposite! Precious metals declined yesterday, and so did the general stock market. Is the rally already over? When I wrote about this rally on May 12, which took place at the same time when I took profits from the short positions and entered the long ones, I mentioned that I planned to hold these long positions for a week or two. Since that was exactly a week ago, the question is: is the top already in? .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more In short, it probably isn’t. As always, it’s useful to check what happened in the past in similar situations to verify whether what we see is normal or some kind of an outlier that cannot be explained by something that has already happened. Let’s start with a quote from yesterday’s analysis: Of course, there will be some back-and-forth movement on an intraday basis, but it doesn’t change anything. Junior miners are likely to rally this week nonetheless. And perhaps not longer than that, as the next triangle-vertex-based reversal is just around the corner – on Friday/Monday. The previous few days were the “forth” and yesterday was the “back” movement – so far, my comments remain up-to-date. However, comparing the market action with what I wrote previously isn’t what I meant by analogies to past situations. I meant this: The areas marked with green rectangles are the starting moments of the previous short-term rallies. Some were bigger than others, and yet they all had one thing in common. They all included a corrective downswing after the initial post-bottom rally. Consequently, what we saw yesterday couldn’t be more normal during a short-term rally. This means that yesterday’s decline is not bearish at all and the profits from our long positions are likely to increase in the following days. Besides, the general stock market declined by over 4%, while the GDXJ (normally moving more than stocks) ETF – a proxy for junior mining stocks – declined by only about 2%. If the general stock market continues to decline, junior miners could get a bearish push even if gold prices don’t decline. However, let’s keep in mind the fact that miners tend to bottom before stocks do – in fact, we saw that in early 2020. This means that even if the S&P 500 moves to new yearly lows shortly and then bounces back up, the downside for miners could be limited, and the stocks’ rebound could trigger a profound immediate-term rally. If stocks decline, then they have quite strong support at about 3815 – at their 38.2% Fibonacci retracement level. Let’s keep in mind that junior miners have triangle-vertex-based reversal over the weekend, so they might form some kind of reversal on Friday or Monday. Ideally, miners would be after a quick rally that is accompanied by huge volume on Friday. This would serve as a perfect confirmation that the top is in or at hand. However, we can’t tell the market what it should do – we can only respond to what it does and position ourselves accordingly. Consequently, if stocks take miners lower, it could be the case that Friday or Monday will be the time when they bottom. This seems less likely to me than the previous (short-term bullish) scenario, but I’m prepared for it as well. In this case, we’ll simply… wait. Unless we see some major bearish indications, we will wait for the rally to end, perhaps sometime next week. Again, a nearby top appears more likely than another bottom, in particular in light of what I wrote about the common post-bottom patterns in the GDXJ. Naturally, as always, I’ll keep my subscribers informed. Having said that, let’s take a look at the markets from a fundamental point of view. The Chorus Continues While investors still struggle with the notion that the Fed can’t bail them out amid soaring inflation, the S&P 500 and the NASDAQ Composite suffered another reality check on May 18. Moreover, with Fed officials continuing to spread their hawkish gospel, I warned on Apr. 6 that demand destruction does not support higher asset prices. I wrote: Please remember that the Fed needs to slow the U.S. economy to calm inflation, and rising asset prices are mutually exclusive to this goal. Therefore, officials should keep hammering the financial markets until investors finally get the message. Moreover, with the Fed in inflation-fighting mode and reformed doves warning that the U.S. economy “could teeter” as the drama unfolds, the reality is that there is no easy solution to the Fed’s problem. To calm inflation, it has to kill demand. And as that occurs, investors should suffer a severe crisis of confidence. To that point, while the S&P 500 and the NASDAQ Composite plunged on May 18, Fed officials didn't soften their tones. For example, Philadelphia Fed President Patrick Harker said: "Going forward, if there are no significant changes in the data in the coming weeks, I expect two additional 50 basis point rate hikes in June and July. After that, I anticipate a sequence of increases in the funds rate at a measured pace until we are confident that inflation is moving toward the Committee’s inflation target." For context, "measured" rate hikes imply quarter-point increments thereafter. Please see below: Source: Reuters Likewise, Chicago Fed President Charles Evans delivered a similar message on May 17. He said that by December, "we will have completed any 50 [basis point rate hikes] and have put in place at least a few 25 [basis point rate hikes]." Moreover, "given the current strength in aggregate demand, strong demand for workers, and the supply-side improvements that I expect to be coming,” he added that “I believe a modestly restrictive stance will still be consistent with a growing economy." Therefore, while their recent rhetoric had Fed officials “expeditiously” marching toward neutral, now the prospect of a “restrictive stance” has entered the equation. For context, a neutral rate neither stimulates nor suffocates the U.S. economy. However, when the federal funds rate rises above neutral (restrictive), the goal is to materially slow economic activity and consumer spending. As such, the medium-term liquidity drain is profoundly bearish for the S&P 500 and the PMs. Please see below: Source: Reuters Making three of a kind, Minneapolis Fed President Neel Kashkari (a reformed dove) said on May 17 that “My colleagues and I are going to do what we need to do to bring the economy back into balance…” “What a lot of economists are scratching their heads and wondering about is: if we really have to bring demand down to get inflation in check, is that going to put the economy into recession? And we don’t know.” For context, Fed officials initially thought inflation was “transitory,” so don’t hold your breath waiting for that “soft landing.” However, while Kashkari is ~16 months too late to the inflation party, he acknowledged the reality on May 17: Source: Bloomberg As a result, while the S&P 500 and the NASDAQ Composite sell-off in their search for medium-term support, Fed officials haven’t flinched in their hawkish crusade. As such, I’ve long warned that Americans’ living standards take precedence over market multiples. To that point, the U.K. headline Consumer Price Index (CPI) hit 9% year-over-year (YoY) on May 18. For the sake of objectivity, the results underperformed economists’ consensus estimates (the middle column below). Source: Investing.com However, while investors may take solace in the miss, they should focus on the fact that the U.K. output Producer Price Index (PPI) materially outperformed expectations and often leads the headline CPI. As a result, the inflation story is much more troublesome than it seems on the surface. Please see below: Source: Investing.com In addition, British Finance Minister Rishi Sunak warned of a cost of living crisis on May 18, saying that “as the situation evolves our response will evolve” and “we stand ready to do more.” Please see below: Source: Reuters Even more revealing, I’ve noted on numerous occasions that Canada is the best comparison to the U.S. due to its geographical proximity and its reliance on the U.S. to purchase Canadian exports. Therefore, with Canadian inflation outperforming across the board on May 18, the data paints an ominous portrait of the challenges confronting North American central banks. Please see below: Source: Investing.com To that point, the official report stated: “Canadians paid 9.7% more in April for food purchased from stores compared with April 2021. This increase, which exceeded 5% for the fifth month in a row, was the largest increase since September 1981. For comparison, from 2010 to 2020, there were five months when prices for food purchased from stores increased at a rate of 5% or higher…. “Basics, such as fresh fruit (+10.0%), fresh vegetables (+8.2%) and meat (+10.1%), were all more expensive in April compared with a year earlier. Prices for starchy foods such as bread (+12.2%), pasta (+19.6%), rice (+7.4%) and cereal products (+13.9%) also increased. Additionally, a cup of coffee (+13.7%) cost more in April 2022 than in April 2021.” Moreover, “in April, shelter costs rose 7.4% year over year, the fastest pace since June 1983, following a 6.8% increase in March.”  Therefore, the data is nearly synonymous with the U.S., and I’ve been warning for months that rent inflation would prove much stickier than investors expected. Please see below: Source: Statistics Canada Finally, the investors awaiting a dovish pivot from the Fed assume that growth will overpower inflation. In a nutshell: the U.S. economy will sink into a deep recession in the next couple of months (some believe that we are already in one), and the Fed will resume QE. Moreover, they assume that the inflationary backdrop has left consumers destitute and that we’re a quarter away from famine. However, I couldn’t disagree more. With Home Depot – which primarily sells discretionary items – noting that consumers are showing no signs of slowing down, I warned on May 18 that investors don’t realize that the Fed’s war with inflation would be one of attrition. Please see below: Source: Home Depot/The Motley Fool For context, the National Retail Federation (NRF) listed Home Depot as the fourth-largest retailer in the U.S. in its 2021 report. As a result, the company's performance is a reliable indicator of U.S. consumer spending. Source: NRF To that point, The Confidence Board released its U.S. CEO Confidence survey on May 18. The report revealed: CEO confidence “declined for the fourth consecutive quarter in Q2 2022. The measure now stands at 42, down from 57 in Q1. The measure has fallen into negative territory and is at levels not seen since the onset of the pandemic. (A reading below 50 points reflects more negative than positive responses.)” Please see below: However, the devil is in the details and the details are what matter to the Fed. For example: “More than half (54%) of CEOs said they were effectively managing rising input costs by passing along costs to customers, while 13% said they had no major issues with input costs.” Source: The Confidence Board Second: “More than two-thirds of CEOs said they are increasing wages across the board in response to labor market conditions and managing rising labor costs through different means.” Source: The Confidence Board More importantly, though: Source: The Confidence Board Therefore, while consolidated CEO confidence has crashed to “levels not seen since the onset of the pandemic,” nearly two-thirds of CEOs plan to increase their workforce and more than nine out of 10 plan to increase wages. As a result, would major U.S. corporations be adding employees and paying them more if demand has fallen off a cliff? Of course not. Moreover, when considering the 15-point drop in consolidated CEO confidence, the three-point decline in employment expectations is largely immaterial. The bottom line? While investors keep using the post-GFC script as their roadmap for when the Fed turns dovish, they don’t realize that 1970s/1980s-like inflation is a completely different animal. Thus, what I wrote on May 18 should prove prescient in the coming months: While Powell keeps warning investors of what’s to come, a decade of dovish pivots has a generation of investors believing that the central bank is all talk and no action. However, with inflation at levels unseen in 40+ years, Powell is not out of ammunition, and the Fed followers should suffer profound disappointment as the drama unfolds. In conclusion, the PMs declined on May 18, as risk-off sentiment returned to the financial markets. However, since fits and starts are always expected along the way, the GDXJ ETF should have more upside in the coming days, and profits from our long position should increase. The medium-term outlook for the mining stocks remains bearish, though. Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today. Przemyslaw Radomski, CFA Founder, Editor-in-chief Sunshine Profits: Effective Investment through Diligence & Care All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice. Updated on May 19, 2022, 11:28 am (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});.....»»

The Importance Of Values In Marketing And The Difference Between Greenwashing And Value-Washing.....»»

You started your company with a bankable idea, a tiny space, and an even smaller group of employees. Like many entrepreneurial beginnings, maybe it was just you and one other person in a home office or garage. But lately, that smaller space and team don’t seem enough to handle the business coming your way. Is […] You started your company with a bankable idea, a tiny space, and an even smaller group of employees. Like many entrepreneurial beginnings, maybe it was just you and one other person in a home office or garage. But lately, that smaller space and team don’t seem enough to handle the business coming your way. Is it time to expand your business? You’ve been thinking about expanding and are excited about the possibilities your decision might bring. For example, the company could open another location, serve more customers, or venture into new product lines and services. 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 While your enthusiasm is growing as you drum up new ideas, you’re unsure whether now is the right time. So how can you be confident that expanding your business is a smart move? First, let’s look at some of the signs that it may be time for your company to branch out. Industry and Market Opportunities Are Increasing If your industry is taking off, there’s a good chance your business can capitalize on that growth. Changes in purchase behaviors, new tech developments, or market forces can create expansion opportunities for existing business lines. Sometimes this means creating new products or services that piggyback off current ones, or it might signal the need for bolder strategic decisions. Nurx, a telehealth provider that started offering online birth control, recently decided to provide mental health treatment options. The expansion move resulted from rapid growth in the mental health space, increasing interest in telehealth services, and a strategic decision to help develop them. While the company’s birth control service line was well established, its leaders recognized that mental health patients desired the same privacy and convenience. When it comes to health care, making appointments, locating clinics, and visiting pharmacies can become barriers to access. A broader range of telehealth services expands care access and removes many of those barriers, especially in remote areas. Increased use of telehealth services during the pandemic also acclimated more patients to its conveniences. All these factors presented an opportunity for the company to improve care access in various locations and become a part of the solution. Volume or Demand Exceeds Current Capacity You’ve consistently got more orders and work than your staff can handle. While that may seem like a good thing, it also means you have to turn work away. Alternatively, you can take longer to fulfill customers’ orders or reduce quality levels. None of these options work in your company’s favor, as existing clients will grow frustrated and disappointed. Eventually, word will get out, and negative perceptions might make it difficult to retain current customers or capture new business. When volume, demand, or customer need outpaces your company’s capacity for fulfilling it, expansion plans should be on the table. What if Amazon hadn’t increased the number of its fulfillment centers, distribution nodes, and employees? The company wouldn’t be the online retail giant and technology solutions provider it is today. Between 2010 and 2018, Amazon’s workforce grew from 33,700 to 647,500. This headcount growth supported business expansion efforts into new markets as demand for products and services increased. Although not every business experiences identical demand rates, aligning internal capabilities with external expectations is a must. If a business is picking up, it’s time to reevaluate your operational and product strategy. Seasonal surges might call for hiring temps or contractors. But overflowing stores and overworked employees often signal the need for additional locations and extra permanent staff. Customer demand for more related products and services might mean it’s time to hire more employees with matching expertise. Your Business Has a Single Cash Cow Relying on a single product line or one client for most of your revenue could mean it’s time to expand. Overdependence on one line of business can lead to future financial problems. If you’re a brand-new startup, this might not apply to your situation. Many businesses begin generating income with a single service, product, or customer. But overdependence can become a liability if it’s been several years since you opened your doors. While that client or product might be bringing in most of your revenues now, what happens if they go away? The customer’s needs could change, and they could decide to move in a different direction. Your client might go under, merge with another company, or cut costs — one of those cost cuts might be what your business offers. Products and services can also fall out of favor or become obsolete. Losing your cash cow can jeopardize your company’s financial sustainability. It’s vital to keep these facts in mind as you seek to expand your business. Expanding your offerings and client base is like diversifying an investment portfolio. You reduce the risk of loss by decreasing your dependency on a single revenue source. And your company potentially increases its exposure to various industries and markets with balanced threats and opportunities. Business is Plateauing All products and services go through life cycles. Successful offerings typically launch with a healthy dose of fanfare. They catch on quickly and sustain growing adoption rates. Yet that growth eventually reaches its peak and plateaus. Some products and services can stay in the plateau stage for a while before sales start to decline. But others fall off more rapidly, causing leaders to have to decide whether to try to revive or discontinue them. Slowing sales and declining interest in your company’s products and services could be additional signs that you need to expand You might not be ready to stop producing an item yet. However, you need to ramp up a replacement for when you do. Examining market signals, customer feedback, and sales numbers will point you in the right direction. Is there growing temporary demand for a substitute, or are market disruptions pushing products and services like yours out? With disruptive forces, you’ll need to act more decisively. Kodak is an example of a company that largely ignored technology changes and new inventions that reshaped the photography landscape. Leaders banked too much on Kodak’s existing core strengths and products and missed the shift to digital photography. Although the firm dabbled with the idea, it failed to fully invest in digital product expansions. Instead, resources remained concentrated on conventional product lines. Recognizing the signs of plateauing offerings and the need to expand to meet market changes can literally save your business. Conclusion Many business owners struggle with the idea of expanding their core products or services. Besides research and development costs, there’s the question of timing. Uncertainties about whether the market will accept your new offerings and whether you can reasonably fulfill those needs may arise. Although success could involve some trial and error, recognizing specific signs can help business leaders make profitable expansion decisions. Your company might be ready to expand if industry opportunities are on the rise or your volume exceeds current capacity. Additional signals include an overreliance on a single product and plateauing sales. Acting on these hints that it’s time to make changes can increase your company’s chances of coming out on top. Article by Brad Anderson, Editor In Chief at ReadWrite About the Author Brad is the editor overseeing contributed content at ReadWrite.com. He previously worked as an editor at PayPal and Crunchbase. You can reach him at brad at readwrite.com. Updated on May 19, 2022, 12:23 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});.....»»

Following is the unofficial transcript of a CNBC exclusive interview with Warner Bros Discovery Inc (NASDAQ:WBD) CEO David Zaslav on CNBC’s “Squawk Box” (M-F 6AM – 9AM ET) today, Wednesday, May 18th. Following is a link to video on CNBC.com: Warner Bros Discovery CEO David Zaslav Explains Decision To Shut Down CNN+ JOE KERNEN: The newly […] Following is the unofficial transcript of a CNBC exclusive interview with Warner Bros Discovery Inc (NASDAQ:WBD) CEO David Zaslav on CNBC’s “Squawk Box” (M-F 6AM – 9AM ET) today, Wednesday, May 18th. Following is a link to video on CNBC.com: Warner Bros Discovery CEO David Zaslav Explains Decision To Shut Down CNN+ JOE KERNEN: The newly combined Warner Bros Discovery is about one month into its new era as a global entertainment company. Joining us now in an exclusive interview, his first since the merger closed is David Zaslav, Warner Bros Discovery CEO. It’s great to have you on set. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more ZASLAV: I got all dressed up. KERNEN: You did. ZASLAV: For you and Becky. KERNEN: You did. BECKY QUICK: I like those suits too. KERNEN: You look good and the less color and the more sort of just static color, that's a Hollywood thing. You don't need to be flashy out there because you you're you've made it. You've arrived. And you live out— ZASLAV: Thank you. KERNEN: Don’t you live out there now? ZASLAV: Between New York and LA. KERNEN: You do. So you came into this at a really interesting point given what we've seen with with streaming and Netflix and across the board, Disney all these things that have happened when you came in, but you with that CNN+ move, you already seem to grasp sort of the changing landscape. Is that fair to say, David? ZASLAV: Well, I don't know that any of us really fully grasp it because we're trying to figure out what the consumers want. So when when we conceive this transaction, we just thought the idea of multiple people going into multiple places to get their content was a challenge and to keep it really, really simple. We have the best in entertainment and lifestyle and sports and news and make it all available to the extent that you can in one place in an easy package so everyone in the family can enjoy the product. So and I think, you know, we have great content. And so, as we begin to navigate whether we're right or whether we're wrong and how people want to consume content, we have I think the best content. KERNEN: But you’ve got some synergy promises in terms of what you can save and you've also got some debt obviously to deal with and you've got this sort of this new paradigm that we're looking at. All that put together makes me think they might have the right guy because you might not be very nice in certain ways about about things that you need to do. ZASLAV: You know, you guys know that I'm nice. But— KERNEN: No, you are nice. You know what I’m saying you know how to run a company with— ZASLAV: This isn’t about, this isn’t show friends, this is show business. This is all— KERNEN: You’re not going to blow a lot of money. You’re not going to blow a lot of money chasing— ZASLAV: No. We’re very disciplined. We invest where we think we can get return. This is a business and it's a great business and one of the things I think that became quite clear in the last month and a half in this market disruption is Netflix is a great, great company. And it's been the market leader for many, many years for our business and in in many ways, it's sort of said to everyone, it's all about streaming and it's all about streaming growth. But we've always felt that it is about streaming and streaming growth, but it's also about business fundamentals. It's about free cash flow, it's about earnings. And when you look at the Warner Bros Discovery company, we're generating real earnings, real free cash flow. We’re, you know, here in the US we have the upfront coming up today and we're larger than any one of the broadcasters and their portfolios and we go to market with a real good business, our traditional business here in the US. We’re the largest international business and so you know, I think as we look at ourselves, we're very diversified. QUICK: If if the, if this is back on your playing field, look, if everybody has to operate in a real business environment like you're doing you're you're playing your game from a position of strength on that. But you just said you're going to be disciplined. You're not going to spend the money on this. People have heard that loud and clear. Ari Emanuel was here last week and he said, look, whatever Zaslav and the rest of them say they're still going to have to pay for content that this is a really big place for it. If they don't pay up, they'll miss out on the best content. How do you kind of square up what he's seeing with your idea that look, we're going to be disciplined with this and the spend? ZASLAV: Well, first, I think Ari’s right. This year, we're spending $22 billion on content. The question is as you look at HBO and HBO Max right now, it's Casey's doing an amazing job. Some of the best maybe the best content out there right now, whether it's “Euphoria” had 25 million people watching on Sunday night, “Gilded Age,” “The Staircase,” the “Game of Thrones” prequel is coming “House of Dragons.” So the question is, you have “Hacks” that just launched if you have “Gilded Age,” if you have “Hacks,” if you have “The Staircase,” if you have “Euphoria,” and you have the biggest TV library and movie library and lifestyle library, you know, how many series do you need at one particular time and as opposed to saying, you know, let me have 10 new series this quarter. It may be that when you have when you have “Friends” and “Big Bang” and all the movies and all of our lifestyle that we only need four great series, or five or six. So we're going to look at how much do we need to nourish an audience not just let's throw everything that we have at it and, you know, from a diversity perspective, we have all the different content that we can put in. We can even put news in which we've done in Europe. KERNEN: Well I want to ask you about that because I don't, I don’t, is there a big market for news on streaming? Does it work? ZASLAV: I think there is. KERNEN: You do. ZASLAV: Well first we have, we have CNN.com, which is the largest digital news business in America. KERNEN: Right, okay. ZASLAV: So when people want to get what's happening in America, there was a shooting, what happened with the election, there's more people that go to CNN online and the advertisers get the support, be supportive of that. In Europe and in for instance in Poland where we have a very big news business, we put it together with news, sports and entertainment in our offering in our streaming product, our SVOD product, and it reduced churn and it increased subscribers and it's because the the churn goes down and growth goes up when more people in the home use the product and when they use it more often and news just happens to be a product that people check in on like we check in with you every morning. KERNEN: You remember the last time we saw you in Pebble and you weren't able to really comment on CNN+ and what was going to happen. Now we know so I want to, I just want to can you tell us any more about what happened? I guess you want to look forward. You don't want to look back, but that was a little bit, I don't know whether it's surprising but it was very quick. Were you sending a message about how you're going to manage this company with that and why’d they launch? Were you unable to say anything before then, did they rush it, what what really happened, David? Can you tell us now, now that it's in the past? ZASLAV: Well look, I think it's appropriate that they were running their business, you know, under the laws right until you own a business. KERNEN: You can't— ZASLAV: People that own it get to decide what to do with it. We're very focused on CNN, we believe CNN is is a critical asset to us. It's a leader in news gathering around the world. We're focused on having, you have most of the cable networks, news networks around the world and here in the US, they’re advocacy networks. They're out, they’re advocacy networks to the left, advocacy networks to the right. We think there's a real opportunity for CNN— KERNEN: Remember John Malone said maybe hire some journalists that might that might be the first idea at CNN. Do you have the right journalists there now to cover news that’s not advocacy? ZASLAV: Look, we have great, well first we have a great, we probably have, we do have the largest number of journalists in the world. We have, we have 81 people in Poland, the Ukraine and Russia right now. KERNEN: You keep going over there to talk to sell the strengths of CNN. Don’t you, you have strengths here, right? ZASLAV: We have great strengths here. We think we have more journalists in the US than anyone else. But what we're going to do with Chris Licht is going to do is, as there are networks here that are advocating right and left, Chris is going to be advocating for truth. He's going to be advocating for facts. He's going to be advocating for journalism first. And I think, you know, I think there's a very big lane for CNN. I think people in America are, they're looking for a place where people aren’t yelling and giving opinions, you know, and they're looking for more news and so that's what you'll see from CNN. On CNN+, there was no message it was a business decision. We looked at it and we looked at the data, the number of users they had spent an enormous amount of money trying to sell an independent product. The subscribers weren't there, the users weren't there. We looked at it together. We had a chance to look at all the data and when we looked at the data, it was, the business wasn't there. KERNEN: You fired McKinsey? Those numbers were a little they were they were a little pie in the sky would you say what was possible? Did you send a message by by by cutting your losses and saying this is a way it's going to be for the rest of the business. When I need to something, I’m going to do it with a— ZASLAV: If we saw good numbers, and we thought that there was a real market for an independent news service for $6, we're, you know, we we would have driven that as a real business. Philosophically, we thought having been in business in Europe now for the last 10 years in direct to consumer that simple for consumers is easier. And so we tried independent sport, we tried independent products, and in the end we landed that putting it all together in one product with more value was what worked best. QUICK: Does that mean putting Discovery+ and HBO Max together? ZASLAV: We will. We will come to market with one product. QUICK: Everything, CNN mixed in. ZASLAV: All, we gotta decide what we do with CNN. But there will be some of CNN news’ product on there. They're already, they're already is and we're going to make an announcement today on more that will be on there. But we will have one product and I think it's going to be really compelling because it's, Netflix has a great product. Disney has a has a terrific product. But the diversity of content that we have, whether it's the the great HBO content, the great library content, “Friends,” “Big Bang Theory,” the great movies, the biggest movie library and then we have food, HG, Discovery, Oprah, Chip and Joanna Gaines and when we put that all together, I think we're going to see something that will appeal to everyone in the family and we've gotten some hints on it. HBO Max is doing great and has tremendous appeal. Huge audiences come in. We don't get that kind of audience at Discovery+. KERNEN: Quality. Makes a difference, yeah. ZASLAV: 20 million people. And on in Discovery+, we have very low churn and we're still doing very nicely so together we think we're gonna have a great product. QUICK: Andrew’s just got a question. ANDREW ROSS SORKIN: Hey David. As one of the great dealmakers of our time and I I want to get your perspective on just what the rest of the chessboard looks like at a conference where that was actually the conversation at dinner last night in terms of further consolidation in this industry as everybody was chasing or at least thought they were chasing a Netflix like multiple. Now that that multiples no longer there and actually some prices of things have actually come down, how you think the rest of it shakes out? We just saw Warren Buffett's Berkshire Hathaway buy a piece of of Paramount Global. What do you think regulators would allow, wouldn't allow at this point in the ballgame? ZASLAV: Well, thanks. Good to see you, Andrew. First it's actually a year ago yesterday that that we announced our deal and we were able to get the deal done and approved in less than 11 months. And so for us, the process was quite effective. And it's exciting that we're able to get it done and be in a position to go to the advertising market now. Our number one focus is how did the assets that we have work for us in in the in the marketplace that we're facing today, and we're the largest maker of content with Warner Bros. Television and Warner Bros. Motion Pictures. We have together 100 million subscribers about between Discovery and and Warner as Warner Bros Discovery. And we have a great traditional business around the world with free to air channels and cable channels and sports and news and so I feel like strategically we’re quite complete and we're probably the most complete and diversified media company in the world. And so, you know, for us, we're going to be head down, let’s drive this business. Let's get a single product into the market. Let's show how much free cash flow that we can generate. And let's show that we have a diversified real growth business. That's real. I do think that the world is changing that, you know, if you look at at the leader in our business as Netflix, they were leading and we the the currency was subscribers, not free cash flow. And so as the market determines how they're going to value different media companies, it'll have a real impact on what people chase. From our perspective, we're not chasing anything. We've always been very clear, free cash at Discovery, free cash flow is king. We want to drive real growth, get more people spending time with our content on all platforms and if we do that and we make real money, that ultimately the market will give us, you know, substantial value for that. KERNEN: You’re a, you’re a movie mogul now too. Should should Adam Aron go full into just lithium mining or do we keep the theaters? You were recently named on the board of Cinematheque, what Americans, does that mean you see the value of the big opening and is that going to continue? ZASLAV: Look, I've said from the day that we closed this, that we announced this transaction, we have Warner Bros. Motion Pictures. It's 100 years old in six months. There's nothing like the big screen and you go with your friends, the lights go down and you look up at that big screen— KERNEN: Right, the popcorn. ZASLAV: And it's it's magic. KERNEN: The fake butter, there’s a lot— ZASLAV: It changed the culture, it changes the way people see things. It changes the way people see themselves. And that's not going away. The last year— QUICK: But is that theatrical release window going to be shorter? ZASLAV: I think it’ll be shorter but look, what we've learned so far is when Batman came back to HBO Max after 45 days, it was a very strong driver and the more research, we see this idea of going direct to streaming, I never thought it made sense. Why would you collapse a great business? QUICK: But a shorter window is— ZASLAV: A shorter window works because if you you know if you market what you do aggressively for these titles, and then you tell somebody that this is important and they hear word of mouth. For instance, we're about to do that, do this on “Elvis,” which we're going to launch soon. Then when it hits the streaming service, the feeling is it's something special. And so I think you'll see some of the streaming companies saying I gotta get into the motion picture business. KERNEN: Would you— ZASLAV: So I think what's old is going to be new again and we have that that's a big strength— KERNEN: Have you had a conversation with, Alan Horn is a friend of yours isn’t he, have you had a conversation— ZASLAV: I love Alan. KERNEN: Have you had a conversation with him about he's 79 that doesn't mean anything anymore, does it. I think the president’s, would you bring him back? ZASLAV: The gift of the last 11 months is I haven't been able to I wasn't able to do anything until this deal closed but I was able to talk to a lot of people. There's a lot that I don't know. There's a lot that we as a company don't know and so I spent a lot of time with Alan. I spent a lot of time with with with with most of the old leadership at at Warner together with the with with with the industry. I spent a lot of time with Bob Iger. What did he do well, and I had a real chance to kind of get a sense of also what mistakes did they make? You know, now we were going to have to make it happen. I'm very confident. We've been in there for 30 days and we see even more opportunity. You know that it's it's messy, but we expected it to be messy, but the messier it is, the more cleanup we could do and the more we can grow this business. QUICK: You've guided the street to leverage of two and a half to three times within 24 months. How do you get there and is that an easily achievable goal? Is that tough to hit? ZASLAV: We have a lot of businesses that are generating a lot of value. We just got in so we need to now kind of level set. We weren't really able to see a lot now we've seen a fair amount, but it's probably going to take us a little a little longer as we get to our first our next quarter earnings, we're going to lay out a real plan. Here's how we’re coming to market. Here's what we found. It's better than we thought. Some of it's worse than we thought maybe it's you know, we will we'll do a full level set on where we are, you know, by as we come to market in the first— QUICK: I just want to clarify you said it's probably going to take a little longer. Did you mean a little longer before you announced more plans or a little longer than 24 months to get to that leverage? ZASLAV: No it's going to be a little longer until we have full clarity of exactly what we're going to do and when. Updated on May 19, 2022, 12:48 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});.....»»

Mitchells & Butlers plc (LON:MAB)’s first half revenue of £1.2bn reflects a 1.0% increase in like-for-like (LFL) sales compared to pre-pandemic levels. Sales benefited from the reduced rate of VAT on food and non-alcoholic drinks, which has now ended. An increase of 6.9% in LFL food sales was accompanied by a similar sized fall in […] Mitchells & Butlers plc (LON:MAB)’s first half revenue of £1.2bn reflects a 1.0% increase in like-for-like (LFL) sales compared to pre-pandemic levels. Sales benefited from the reduced rate of VAT on food and non-alcoholic drinks, which has now ended. An increase of 6.9% in LFL food sales was accompanied by a similar sized fall in drinks. Underlying operating profit of £120 was up from a loss of £124m last year. Inflationary pressures from wages, food and energy continue to present a “major challenge” to the sector and are expected to impact margins in the short to medium term. 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 Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more The shares fell 1.0% following the announcement. Mitchells & Butlers' Earnings Matt Britzman, Equity Analyst at Hargreaves Lansdown “First half results are very much a tale of two quarters, the year started with yet another setback for the pub sector with Omicron restrictions and fears keeping the pints from flowing. There’s at least some positive news coming over the second quarter with sales returning to growth territory, a trend that’s seen continuing over the last few weeks too despite VAT on food and non-alcoholic drinks returning to its 20% level. The worrying signs are two-fold, volumes remain 10-15% down with sales being propped up by strong performance from food and customers opting for more premium offerings. With VAT levels back up and a cost-of-living crisis that we arguably haven’t seen the worst of yet, whether it’s sustainable for consumers to keep spending more on eating out remains to be seen. Then there’s the issue of 11.5% higher costs expected this year relative to 2019 levels, with no immediate end in sight the impact on margins is expected to extend into the medium term.” About Hargreaves Lansdown Over 1.7 million clients trust us with £132.3 billion (as at 30 April 2022), making us the UK’s number one platform for private investors. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month. Updated on May 19, 2022, 12:53 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});.....»»

Fintech is a relatively new concept, or rather, a relatively new term. It’s the merger of the two words financial technology, and its applications span multiple industries for multiple reasons. Speaking broadly, it helps companies and individuals revolutionize the way they use their money digitally. It was once nothing more than computer technology applied to […] Fintech is a relatively new concept, or rather, a relatively new term. It’s the merger of the two words financial technology, and its applications span multiple industries for multiple reasons. Speaking broadly, it helps companies and individuals revolutionize the way they use their money digitally. It was once nothing more than computer technology applied to backstreet offices. But now, it refers to a broad range of financial applications – including cryptocurrency and other digital currencies – to create new opportunities. The question is, could cryptocurrency survive without fintech companies? It’s an industry that relies heavily on it, so let us explore more. 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 The History Of Fintech Companies The rise of fintech began when the internet and cell phones became so huge. Those two combined created a surge of people opening up their devices, connecting to the internet, and hunting down the products or services they wanted online. When this all started, paying by Visa or credit card would be the only option. Now, we have Google Pay, Apple Pay, PayPal, and Klarna - they're all fintech applications. Fintech had to become such a big industry because of demand. Over 60% of people now prefer to shop online because it's generally easier to do. We're increasingly moving towards a cashless society, which is why fintech companies are thriving like they are now. Not only are fintech companies helping us to shop online more efficiently, but they're also helping us to understand our finances better. Think about online banking apps. Before the birth of mobile banking apps, we'd have to go to the bank for a balance update or see what it said at an ATM. The Relationship Between Fintech and Cryptocurrency The history of fintech actually dates back to 1886. Society began to build infrastructures that supported globalized financial services - and the first transatlantic cable was installed. The idea of fintech then didn't really evolve until the post-financial crisis in the US, and in 2009 when people were fresh from failing to trust banks - cryptocurrency and blockchains formed. Cryptocurrency is formed to become decentralized - meaning it's not owned or made by governments and banks. That is because people grew increasingly nervous about the power banks had over their money. A whole new world and language are born, from bear pennant patterns and signals to a crypto wallet - millions of want to be investors have propelled cryptocurrency to the height it is today. The relationship between fintech and cryptocurrency continually grows - expansions in the cryptocurrency have allowed fintech companies to expand their reach exponentially. From simplified online transactions to custom online wallets built for storing crypto, the applications of fintech are spreading far and wide. Blockchain Technology The initial problem with cryptocurrency and any unregulated currency is the lack of policing. In the beginning, there were instances of double-spending, which meant people could spend the same cryptocurrency twice. That's why the introduction of blockchain technology wasn't too far behind cryptocurrency.  Blockchain technology serves as a verification process for transactions. Verification or authorization processes are nothing new. Whenever you complete a transaction online, you'll notice you have to go through an authorization service while the online vendor communicates with your bank to ensure you are who you say you are. That's what blockchain aimed to do. Not only that, but it also added a great fraud prevention security feature for good measure - although crypto fraud is still a prevalent issue. Blockchain technology came on the market around the same time as Bitcoin did as the market realized there was an authentication problem that was making cryptocurrency a dud currency. It has developed massively since, allowing businesses and individuals alike to trade using the cryptocurrency - but do it securely. Now it's far more developed - blockchain uses spread across multiple industries from healthcare to telecommunications. The Future Of Fintech And Cryptocurrency The future of fintech and cryptocurrency is going to boom. Cryptocurrency is already more widely accepted than ever before, with there now more apps and online platforms ready for people to sign up to. It's easier than ever to trade cryptocurrency and understand how to do so. Compared to the other options of trading — like stocks and the impossible to trade forex — cryptocurrency is the people's trading choice. And, with investment and business giants like Elon Musk and Bill Gates backing cryptocurrency and fintech companies, it's likely it won't take long for the industries to develop further. It's easy to assume that fintech will help cryptocurrency become more valued and usable. Its uses are already expanding quicker than people imagined, with some niche online stores offering it as a payment method. At present, its uses are primarily for trading and investing rather than for using it to make purchases. We can only assume it won't be long until cryptocurrency is another Visa or PayPal - just another online payment method we use. Fintech companies and cryptocurrencies could not have survived without the other. They have, in a fashion, developed each other. The future expansion of both will lead to a new generation of online shopping fuelled by decentralized currencies and fintech applications. Updated on May 19, 2022, 1:06 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});.....»»

Guaranteed income programs have gained popularity since the coronavirus pandemic. Several states and counties are experimenting with similar programs to help residents offset the financial impacts of the COVID-19 pandemic. New Orleans is the latest city to pilot such a program that offers stimulus checks to New Orleans youth. Under the program, eligible youths will […] Guaranteed income programs have gained popularity since the coronavirus pandemic. Several states and counties are experimenting with similar programs to help residents offset the financial impacts of the COVID-19 pandemic. New Orleans is the latest city to pilot such a program that offers stimulus checks to New Orleans youth. Under the program, eligible youths will get a monthly stimulus check of $350. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {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 Stimulus Checks For New Orleans Youth Earlier this month, The Mayor's Office of Youth and Families revealed the details of the program. This program was initially announced in November 2021. The first payments under the program have already gone out to some of the selected recipients. The primary objective of providing stimulus checks to New Orleans youth is to boost the financial stability of the recipients, connect them with work and school programs, and in turn, reduce stress and other financial insecurity factors. “We launched this program as an opportunity to get much-needed, unrestricted cash in people’s pockets at a time where we know our people need it the most," Mayor LaToya Cantrell noted. Under the program, 125 young people between the ages of 16-24 will be selected. These people should neither be working, nor be in school. This program is being funded through a $500,000 grant from Mayors for a Guaranteed Income (MGI), a private group supported by Twitter co-founder, Jack Dorsey. Eligible recipients will get the money via a prepaid bank card, which will be provided by Mobility Capital Finance (MoCaFi). These prepaid cards will also work as passes to city recreation centers, as well as at public transit and public libraries. Guaranteed Income Programs: How Do They Help? According to the Mayor's office, they are working with several organizations to recruit young folks for the program, including New Orleans Youth Alliance, Youth Empowerment Project, Educators for Quality Alternatives, Collegiate Academies, Louisiana Center for Children’s Rights, New Orleans Public Schools and United Way of Southeast Louisiana. Moreover, to ensure the efficacy of the guaranteed income program, the City of New Orleans will work with the Center for Guaranteed Income Research through the University of Pennsylvania and Tulane University. These organizations will help with the evaluation of the program's results, using surveys and interviews of participants throughout the program. “As one of the first MGI pilot cities to focus its cash payments on young people, New Orleans is helping to expand guaranteed income opportunities for young people across the country,” Sukhi Samra, Mayors for a Guaranteed Income Executive Director, said. The guaranteed income program from New Orleans follows a similar no-strings-attached program targeting low-income residents in Shreveport. The Shreveport Guaranteed Income pilot program, which started earlier this year, is giving a monthly payment of $660 to 110 households for a year. Initial findings of the guaranteed income programs from other cities show that such programs assist in improving the financial stability, health and overall well-being of the recipients. Updated on May 19, 2022, 10:25 am (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});.....»»

The Q1 2022 earnings season is still ongoing, and as per the data from FACTSET, 91% of the S&P 500 companies have reported actual results through May 12. Of these, 77% of S&P 500 companies have reported a positive EPS surprise, while 74% of companies have reported a positive revenue surprise. Further, the data reveals […] The Q1 2022 earnings season is still ongoing, and as per the data from FACTSET, 91% of the S&P 500 companies have reported actual results through May 12. Of these, 77% of S&P 500 companies have reported a positive EPS surprise, while 74% of companies have reported a positive revenue surprise. Further, the data reveals that 377 companies have used the term “inflation” during their Q1 earnings calls, which is well above the 5-year average of 155. Let’s take a look at the ten biggest companies announcing earnings next week. Ten Biggest Companies Announcing Earnings Next Week We have ranked the ten biggest companies announcing earnings next week on the basis of their market cap data (as of May 18, 2022). Following are the ten biggest companies announcing earnings next week: 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 Series in PDF Get the entire 10-part series on Charlie Munger 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 Agilent Technologies Founded in 1999 and headquartered in Santa Clara, Calif., this company offers application-focused solutions for life sciences, diagnostics, and applied chemical markets. Agilent Technologies Inc (NYSE:A) shares are down over 24% year-to-date and almost 9% in the last one year. Its shares are currently trading around $121, while it has a 52-week range of $112.64 and $179.57. Agilent Technologies is scheduled to report earnings on May 24. AutoZone Founded in 1979 and headquartered in Memphis, Tenn., this company retails and distributes automotive replacement parts and accessories. AutoZone, Inc. (NYSE:AZO) shares are down over 12% year-to-date but are up almost 25% in the last one year. Its shares are currently trading around $1,800, while it has a 52-week range of $1,367.96 and $2,267.40. AutoZone is scheduled to report earnings on May 24. Autodesk Founded in 1982 and headquartered in San Rafael, Calif., this company designs software and services, and its products include AutoCAD, Maya, PlanGrid, Revit, Fusion 360 and more. Autodesk, Inc. (NASDAQ:ADSK) shares are down over 33% year-to-date and almost 33% in the last one year. Its shares are currently trading around $183, while it has a 52-week range of $175.41 and $344.39. Autodesk is scheduled to report earnings on May 26. Snowflake Founded in 2013 and headquartered in Bozeman, Mont., this company offers cloud data warehousing software. Data Cloud is one of its most popular software. Snowflake Inc (NYSE:SNOW) shares are down over 59% year-to-date and over 40% in the last one year. Its shares are currently trading around $134, while it has a 52-week range of $126.01 and $405. Snowflake is scheduled to report earnings on May 25. Workday Founded in 2005 and headquartered in Pleasanton, Calif., this company develops enterprise cloud applications for finance and human resources. Workday Inc (NASDAQ:WDAY) shares are down over 40% year-to-date and over 30% in the last one year. Its shares are currently trading around $161, while it has a 52-week range of $161.62 and $307.81. Workday is scheduled to report earnings on May 26. Marvell Technology Founded in 1995 and headquartered in Wilmington, DE, this company offers data infrastructure semiconductor solutions, including computing, networking, storage, and custom solutions. Marvell Technology Inc (NASDAQ:MRVL) shares are down over 37% year-to-date but are up almost 19% in the last one year. Its shares are currently trading around $52, while it has a 52-week range of $44.75 and $93.85. Marvell Technology is scheduled to report earnings on May 26. Dollar General Founded in 1939 and headquartered in Goodlettsville, Tenn., this company operates merchandise stores and offers food, snacks, health and beauty products and more. Dollar General Corp. (NYSE:DG) shares are down over 14% year-to-date and almost 1% in the last one year. Its shares are currently trading around $196, while it has a 52-week range of $185.15 and $262.21. Dollar General is scheduled to report earnings on May 26. Intuit Founded in 1983 and headquartered in Mountain View, Calif., this company offers business and financial management solutions. Intuit Inc. (NASDAQ:INTU) shares are down over 45% year-to-date and almost 19% in the last one year. Its shares are currently trading around $349, while it has a 52-week range of $339.36 and $716.86. Intuit is scheduled to report earnings on May 24. Costco Wholesale Founded in 1983 and headquartered in Issaquah, Wash., this company operates a chain of membership-only big-box retail stores. Costco Wholesale Corporation (NASDAQ:COST) shares are down over 24% year-to-date but are up almost 12% in the last one year. Its shares are currently trading around $426, while it has a 52-week range of $375.50 and $612.27. Costco is scheduled to report earnings on May 26. NVIDIA Founded in 1993 and headquartered in Santa Clara, Calif., this company deals in graphics processors, chipsets, and related multimedia software. NVIDIA Corporation (NASDAQ:NVDA) shares are down over 40% year-to-date but are up almost 16% in the last one year. Its shares are currently trading around $165, while it has a 52-week range of $142.71 and $346.47. NVIDIA is scheduled to report earnings on May 25. Updated on May 19, 2022, 10:51 am (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});.....»»

While the current pull-back on black gold is fundamentally triggered by different forces, where is the prevailing wind coming from that is pushing prices lower? On Wednesday, the day after the US Fed’s Chair Powell showed a more hawkish tone, crude oil prices dropped 2.5% following profit-takings on most commodity markets – new fears emerged […] While the current pull-back on black gold is fundamentally triggered by different forces, where is the prevailing wind coming from that is pushing prices lower? On Wednesday, the day after the US Fed’s Chair Powell showed a more hawkish tone, crude oil prices dropped 2.5% following profit-takings on most commodity markets – new fears emerged that a world economic slowdown combined with rising interest rates could negatively impact the global demand. By the way, talking about profit-takings, our subscribers took theirs on Monday within the last phases of the strong rally in crude oil that hit our last projected targets. 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 Series in PDF Get the entire 10-part series on Charlie Munger 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 United States Crude Oil Inventories The commercial crude oil reserves in the United States unexpectedly dropped in the week ended May 13, according to figures released on Wednesday by the US Energy Information Administration (EIA). US crude inventories have decreased by almost 3.4 million barrels, which implies greater demand and would normally be considered a bullish factor for crude oil prices. However, it appears that with the US Federal Reserve’s sustained hawkish tone, which contributes to pushing commodities to the lower side, the market does not pay as much attention to US crude inventories, which are relegated to the background… (Source: Investing.com) WTI Crude Oil (CLM22) Futures (June contract, daily chart) United States Gasoline Inventories On the other hand, some additional figures extracted from the same EIA report were released: These are US Gasoline Reserves, which plunged by almost 4.78 million barrels over a week, while the market forecasted a decline of only 1.33 million barrels. (Source: Investing.com) RBOB Gasoline (RBM22) Futures (June contract, daily chart) Consequently, despite demand for black gold, which nevertheless remains at a high level according to the two above figures, crude oil prices continued to slide on Thursday. They proceeded with their decline from the previous day, still dampened by fears of a global economic slowdown. The possible easing of US sanctions against Venezuela could be considered another bearish factor, coming in addition to the Hungarian veto on the EU’s plan to ban Russian oil. The European problems didn’t stop there, as Turkey opposed the opening of talks on the NATO membership extension to Finland and Sweden after the two Nordic countries submitted a formal application. The current situation of Hungary is quite understandable, since the Central European country is particularly dependent on Russian hydrocarbons. So, what do you think will now happen to black gold? Let us know in the comments. That’s all, folks, for today. Happy trading! Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Sebastien Bischeri Oil & Gas Trading Strategist The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice. Updated on May 19, 2022, 11:14 am (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});.....»»

Not All Tech Is The Same, Analog Devices Moves Higher While the broader tech sector is collapsing under the weight of inflation and the expectation for higher interest rates Analog Devices (NASDAQ:ADI) is quietly setting new records. The company has proven that demand for integrated circuit technology is still high and growing which is no […] Not All Tech Is The Same, Analog Devices Moves Higher While the broader tech sector is collapsing under the weight of inflation and the expectation for higher interest rates Analog Devices (NASDAQ:ADI) is quietly setting new records. The company has proven that demand for integrated circuit technology is still high and growing which is no recipe for lower share prices. The key takeaway from this report, however, is the company’s dividend is not only safe but can be expected to grow over the coming year. The stock pays out about 1.85% with shares trading at $164 which isn’t high for stock in general but very high among tech stocks and it is growing at a double-digit CAGR. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more “ADI delivered its fifth consecutive quarter of record revenue, illustrating the unprecedented demand for our technologies and our ability to increase output in a challenging supply backdrop. Top line strength combined with successful synergy execution enabled adjusted gross margin, operating margin and EPS to achieve new highs,” said Vincent Roche, CEO and Chair. “Despite increasing geopolitical uncertainty and ongoing supply chain disruptions, we enter the second half from a position of strength with increased capacity and continued bookings momentum.” Analog Devices Has Record-Setting Quarter Analog Devices, Inc’s Q2 results lived up to the expectations set last year when supply chain issues pointed to a surge in demand for integrated circuits and components, among other manufacturing needs. The company reported $2.97 billion in consolidated net revenue for a gain of 78.9% over last year. What’s more stunning is the revenue beat the consensus by 460 basis points as well with strength in all end markets. Sales in all end markets are up double-digits from last year with sales in all B2B markets up double-digits on a sequential basis as well. There is some mixed news in regards to the margin but it is ultimately all bullish. The GAAP margin contracted at the gross and operating levels but this is due to acquisition-related expenses and other growth initiatives. On an adjusted basis, the gross margin expanded by 330 basis points and the operating margin by 860 basis points to set company records. On the bottom line, the GAAP EPS of $1.49 is up only 31% compared to the near 80% gain in revenue but adjusted earnings are much better. On an adjusted basis the $2.40 in EPS is up 56% from last year and beat the Marketbeat.com consensus by $0.29. Analog Devices Returns Capital To Shareholders Analog Devices is not only a solid dividend payer but also repurchases shares. The company upped it buyback activity over the last quarter as well buying just over $775 million worth of shares during the period. Total capital returns including the dividend were worth just over $1.17 billion for the quarter and were paid almost entirely from free cash flow. Based on the history of payments, the balance sheet, and the outlook for revenue and earnings we see no reason why the company won’t extend the streak of distribution increases to 13, 14, and 15 years at the current CAGR of 10% while buying back shares. The Technical Outlook: Analog Devices Is Bottoming Analog Devices share price has been bottoming over the past few months and might be on the verge of reversing. If price action can continue with the upward movement and gain the upper side of the $165 level we see it moving up to retest the recent highs near $190. If the market can set a new all-time high and hold it, we might see this stock trend higher into the end of the year. If not, we expect to see ADI move sideways within the established range until there is a change in the broad economic outlook. Analog Devices is a part of the Entrepreneur Index, which tracks some of the largest publicly traded companies founded and run by entrepreneurs. Should you invest $1,000 in Analog Devices right now? Before you consider Analog Devices, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Analog Devices wasn't on the list. While Analog Devices currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Thomas Hughes, MarketBeat Updated on May 18, 2022, 5:04 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});.....»»