Stock profit – Jamiron http://jamiron.net/ Sun, 02 Oct 2022 01:37:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://jamiron.net/wp-content/uploads/2021/10/icon-20-120x120.png Stock profit – Jamiron http://jamiron.net/ 32 32 How to profit from falling stock markets https://jamiron.net/how-to-profit-from-falling-stock-markets/ Sat, 01 Oct 2022 06:00:00 +0000 https://jamiron.net/how-to-profit-from-falling-stock-markets/ James Yardley of Chelsea Financial Services, a broker, said: “Stock markets have been choppy due to persistent inflation. Rising costs are devastating for markets as they force central banks to turn off the easy money we are all used to. Yardley added that the environment was even more dangerous for investors as the bond market […]]]>

James Yardley of Chelsea Financial Services, a broker, said: “Stock markets have been choppy due to persistent inflation. Rising costs are devastating for markets as they force central banks to turn off the easy money we are all used to.

Yardley added that the environment was even more dangerous for investors as the bond market had been shaken by new government economic policies.

“It spooked the market and led to a massive sell-off in gilts. The additional stimulus is inflationary,” he said. “Why would you lock yourself into buying long-term gilts at 3% when the inflation is likely to be much higher?

The sell-off in UK bonds was partly mirrored in the US market, where the yield on 10-year Treasuries – widely regarded as the highest quality government debt – rose to 4% this week, adding to fears that global central banks will need to raise rates faster to fight inflation and prevent their currency from weakening further against the US dollar.

Mr Yardley said that environment was radically different and “in some ways worse” than in 2008, when government bonds performed well even as the stock market crashed.

However, for brave investors, there could be buying opportunities amid the market chaos. David Henry of wealth manager Quilter said the FTSE 250, which tracks London-listed mid-sized companies, could present a buying opportunity because the pound was so weak.

The British pound hit a record high against the US dollar this week, hitting $1.04. When the pound is weak, investors often buy the FTSE 100, London’s benchmark index, because its companies earn much of their income in US dollars. When converted back to sterling, it flatters their income and can increase dividends.

“Around 80% of FTSE 100 revenue comes from overseas,” Mr Henry said. “But many people don’t realize that 60% of FTSE 250 revenue also comes from overseas.

This index is trading at cheaper levels than the FTSE 100 and could be an attractive opportunity for investors with a good appetite for risk.

He recommended using a cheap tracking fund, such as the Vanguard FTSE 250 ETF, which charges just 0.11pc per year. He chose Mercantile Investment Trust as an actively managed alternative. Although it charges a higher annual fee of 1.2%, it has outperformed the ETF by 12 percentage points over 10 years with a gain of 49%.

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UK Co-op expects inflationary pressures to continue and interim profits to fall By Reuters https://jamiron.net/uk-co-op-expects-inflationary-pressures-to-continue-and-interim-profits-to-fall-by-reuters/ Thu, 29 Sep 2022 12:32:00 +0000 https://jamiron.net/uk-co-op-expects-inflationary-pressures-to-continue-and-interim-profits-to-fall-by-reuters/ 2/2 © Reuters. FILE PHOTO: Signs are posted outside a branch of a co-operative food store in north London April 17, 2014. REUTERS/Neil Hall (BRITAIN – Tags: BUSINESS FOOD) 2/2 (Reuters) – Britain’s co-operative group reported a sharp drop in interim profit on Thursday as the funeral supermarket supplier continued to grapple with supply chain […]]]>
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© Reuters. FILE PHOTO: Signs are posted outside a branch of a co-operative food store in north London April 17, 2014. REUTERS/Neil Hall (BRITAIN – Tags: BUSINESS FOOD)

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(Reuters) – Britain’s co-operative group reported a sharp drop in interim profit on Thursday as the funeral supermarket supplier continued to grapple with supply chain issues and higher labor and energy costs, in an environment of rising inflation.

The Manchester-headquartered company said rising energy and wage inflation raised costs in the first half of the year for the business, despite attempts to cut costs to compensate for certain external adverse winds.

Co-op, founded more than 180 years ago, has seen cost reductions help the company avoid passing inflationary headwinds onto its customers, chief executive Shirine Khoury-Haq said.

British consumer confidence levels hit a record high this month as they battle the rising cost of living, with the government’s mini-budget wreaking havoc on the mortgage market and leading to warnings of a sharp drop in real estate prices.

“We know the current testing conditions will not improve in the second half, and we will continue to meet the challenges,” Chairman Allan Leighton said in a statement.

In August, the company sold its oil farm, comprising 129 sites, to supermarket rival Asda for £600m, which is expected to help reduce its net debt significantly.

Net debt at the end of the first half was £731 million compared to £920 million at the end of 2021.

Co-op operates more than 2,500 food stores and more than 800 funeral homes saw revenue for the six months stand at 5.6 billion pounds ($6.1 billion) from a year ago a year.

The company also saw an 84% fall in first-half pre-tax profit to £7m.

($1 = 0.9194 pounds)

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Comtech: Weak earnings growth and bearish chart ahead of Q4 earnings Thursday (CMTL) https://jamiron.net/comtech-weak-earnings-growth-and-bearish-chart-ahead-of-q4-earnings-thursday-cmtl/ Mon, 26 Sep 2022 02:07:00 +0000 https://jamiron.net/comtech-weak-earnings-growth-and-bearish-chart-ahead-of-q4-earnings-thursday-cmtl/ Charday Penn Earnings season starts in just two weeks, but this week we’re hearing from a host of companies across all industries and geographies. Big names like NIKE (NKE) and Micron (MU) are reporting results, but some smaller players could also swing the portfolios of individual investors. A small tech company with a new CEO […]]]>

Charday Penn

Earnings season starts in just two weeks, but this week we’re hearing from a host of companies across all industries and geographies. Big names like NIKE (NKE) and Micron (MU) are reporting results, but some smaller players could also swing the portfolios of individual investors.

A small tech company with a new CEO that recently landed a major overseas military sales contract announced its fourth-quarter earnings date Thursday evening.

This week’s earnings schedule

This week's earnings schedule

Earnings Whispers

According to CFRA Research, Comtech Telecommunications Corp. (NASDAQ: CMTL), together with its subsidiaries, designs, develops, produces and markets products, systems and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions.

Despite positive news last week that the company landed a new military sales contract, equities remain significantly lower year-over-year. The stock rallied in August when it was announced that Ken Peterman was named the new CEO. Finally, there have been speculative talks about takeovers with this small company.

New York-based $273m market cap communications equipment industry company in the information technology sector has negative 12-month GAAP earnings, but pays a dividend yield of 4.0 %, according The Wall Street Journal.

As for earnings and valuation, Comtech sports an “A” valuation rating, but profitability is only a “C” while growth is a big “F”, according to Looking for Alpha. CFRA Research shows earnings per share bouncing between the flat line. On a yearly basis, EPS is seen improving, albeit stubbornly slowly, through 2023. Given the slow growth, it’s hard to get excited about this tech company right now.

Comtech: earnings and key profitability ratios

Comtech: earnings and key profitability ratios

CFRA Search

Looking ahead, Wall Street Horizon data shows a confirmed fourth quarter earnings date of Thursday, Sept. 29 AMC with a conference call immediately following the release of the report. You can listen live here.

Corporate events calendar

Corporate events calendar

wall street skyline

Digging into earnings forecasts, data from Option Research & Technology Services (ORATS) shows a consensus EPS forecast of -$0.10, which would be a steep decline from the year’s positive per share. last. CMTL has also missed analysts’ earnings expectations in each of the last three reports – another arrow in the bears’ quiver.

What really grabs my attention is the large implied move in the stock price. ORATS options news shows a huge post-earnings stock price move of 15.3% expected using the nearest parity straddle. The last two earnings reactions were large at more than 18% each. With a bearish fundamental outlook and weak technicals (see below) but with expensive options, one way to play this is with a bearish sell spread or perhaps a bearish risk reversal strategy.

CMTL: expensive options because implied volatility is high

CMTL: expensive options because implied volatility is high

ORATS

The technical grip

I see CMTL shares heading towards $9 in the near term. It was an escape point in July. It could also have another downside to the June low of $8.42.

The problem is that there is strong resistance around $13 on all rallies with another major supply layer in the $20-$22 range.

With an overall downtrend firmly in place, I see downside risks heading into and through earnings this week.

CMTL: Stocks continue to fall, eye support at $9

CMTL: Stocks continue to fall, eye support at $9

Stock charts

The essential

With tepid earnings growth, lackluster earnings history and a declining share price, I’m leaning to the bearish side this week as Comtech reports quarterly results Thursday night. Buying stocks around $9 could be a trade, but long-term investors should steer clear of it.

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Pakistani stocks plunge 308 points on profit taking https://jamiron.net/pakistani-stocks-plunge-308-points-on-profit-taking/ Fri, 23 Sep 2022 15:14:57 +0000 https://jamiron.net/pakistani-stocks-plunge-308-points-on-profit-taking/ KARACHI: Pakistani stocks plunged 308 points on Friday as investors preferred to take profits on the last trading day of the week. The benchmark KSE-100 of the Pakistan Stock Exchange (PSX) fell to 40,620 points from the previous day’s close of 40,928 points, posting a decline of 308 points. READ MORE: Stocks remain under pressure […]]]>

KARACHI: Pakistani stocks plunged 308 points on Friday as investors preferred to take profits on the last trading day of the week.

The benchmark KSE-100 of the Pakistan Stock Exchange (PSX) fell to 40,620 points from the previous day’s close of 40,928 points, posting a decline of 308 points.

READ MORE: Stocks remain under pressure due to political noise

Analysts at Arif Habib Limited said the market had a mixed session as bulls and bears battled for dominance all day.

The opening session was a positive move as the Rupee broke its losing streak against the US Dollar.

READ MORE: Pakistani stocks plunge for 4th consecutive session as PKR slide continues

During the second session, investors opted for profit taking in the last hour which caused the index to lose 373.96 points. Volumes remained dry across the board, while strong volumes were seen in third tier inventory.

The sectors contributing to performance are Banks (-112.1 points), Cement (-38.4 points), Energy (-36.2 points), Technology (-31.4 points) and Fertilizers (-30.3 points).

READ MORE: Pakistani stocks extend losses on PKR’s free fall against the dollar

Volumes fell from 190.0 million shares to 164.4 million shares (-13.5% DoD). The average value traded increased by 8.6% to US$28.6 million from US$26.4 million.

Stocks that contributed significantly to volumes were HASCOL, TRG, KEL, CNERGY and WTL.

READ MORE: Rupee Ends Near All-Time Low; The dollar gains 239.65 PKR

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Deezer pledges to make a profit by 2025 https://jamiron.net/deezer-pledges-to-make-a-profit-by-2025/ Wed, 21 Sep 2022 16:37:00 +0000 https://jamiron.net/deezer-pledges-to-make-a-profit-by-2025/ The logo of French music streaming platform Deezer is seen ahead of the opening ceremony of the company’s initial public offering (IPO) on the Euronext stock exchange in the business and financial district of La Défense in Courbevoie near Paris, France , July 5, 2022. REUTERS/ Benoît Tessier Join now for FREE unlimited access to […]]]>

The logo of French music streaming platform Deezer is seen ahead of the opening ceremony of the company’s initial public offering (IPO) on the Euronext stock exchange in the business and financial district of La Défense in Courbevoie near Paris, France , July 5, 2022. REUTERS/ Benoît Tessier

Join now for FREE unlimited access to Reuters.com

PARIS, Sept 21 (Reuters) – The adjusted gross profit of French music streaming platform Deezer (DEEZR.PA) in the first half rose 9.1% from a year earlier, driven by higher sales in its home country which has confirmed its goal of turning a profit by 2025, the company said on Wednesday.

The group, once championed in France as one of the first and most promising so-called unicorn companies valued at 1 billion euros or more, is working to convince investors of its ability to generate profits by 2025 by focusing focusing on key markets such as France, Brazil and the Netherlands, and new services.

Gross profit rose to 45 million euros ($44.4 million) from 42 million a year earlier, while total sales rose 12% in the period to 219 million euros, Deezer said. in a press release.

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This is mainly due to a gain in average revenue per user (ARPU), which jumped 12.4% to 3.9 euros. The number of direct subscribers to Deezer in France, where it generates around 60% of its consolidated revenue, rose to 3.3 million from 3 million a year earlier.

Still, the total number of subscribers fell nearly 3% to 9.4 million.

“By focusing our business in large, attractive markets and entering new markets with a partnership-driven model, we are confident that we can capture a fair share of the booming streaming market and continue to improve our profitability to achieve the balance by 2025,” said chief executive Jeronimo. said Folgueira.

Suffering from comparison with bigger rivals such as Spotify (SPOT.N) and Apple Music (AAPL.O), Deezer has yet to recover from its painful debut on the Euronext Paris stock exchange in July, which saw their stock plummet 35% in the first few hours after listing. Read more

The stock has lost 65% of its value since its first day of trading, valuing the company at 472 million euros ($466.38 million), against Spotify’s market capitalization of $18.7 billion.

($1 = 1.0120 euros)

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Reporting by Mathieu Rosemain; Editing by Elaine Hardcastle and Emelia Sithole-Matarise

Our standards: The Thomson Reuters Trust Principles.

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New nonprofit executive director is High Point’s top cheerleader https://jamiron.net/new-nonprofit-executive-director-is-high-points-top-cheerleader/ Tue, 20 Sep 2022 02:49:09 +0000 https://jamiron.net/new-nonprofit-executive-director-is-high-points-top-cheerleader/ HIGH POINT, NC (WGHP) — You could call Amber Williamson a professional cheerleader. She does not support a sports team. She applauds the third largest city of the Piedmont Triad. And she’s not shouting or wearing a uniform or waving pom poms. She communicates through virtual and print media as well as one-on-one meetings. Don’t […]]]>

HIGH POINT, NC (WGHP) — You could call Amber Williamson a professional cheerleader.

She does not support a sports team. She applauds the third largest city of the Piedmont Triad.

And she’s not shouting or wearing a uniform or waving pom poms.

She communicates through virtual and print media as well as one-on-one meetings.

“So I’m the High Point cheerleader,” she told me during a recent one-on-one meeting. “(I) find ways to make us shine even brighter than we do right now.”

And you can list many ways that High Point “shines brighter” these days.

From all the building and excitement surrounding his alma mater, High Point University, to the new baseball stadium and all the activity around it downtown, to one of the biggest children’s museums in the Southeast, High Point is finally emerging from its reputation as a sleepy, mostly manufacturing town whose downtown bustles twice a year for the furniture market.

And Williamson is spreading the word.

Since early August, she has been executive director of High Point Discovered. As the name suggests, its purpose is to help people “discover” the city through the stories of interesting places and people.

It accomplishes this through a website, a strong social media presence, and a nifty magazine slated for publication every year.

In many ways, it’s hard to imagine that Williamson grew up in nearby Greensboro. She was the only daughter among four brothers. The family did not travel to High Point often.

“We used to go to the old Oak Hollow Mall on occasion and go like Steve & Barry’s (a clothing retail chain that went out of business in 2009),” she said. “But it was really kind of a community-limited exposure.”

That changed in 2011 when she started attending High Point University. She went on to earn a Bachelor of Arts in Strategic Communications in 2014 and a Masters in Strategic Communications in 2016.

Unlike many graduates from fine universities in the Piedmont Triad, Williamson decided to stay after graduation.

“I saw it as a place where there was room for me to be here,” she told me. “It was a place where I could put down roots and make a difference.”

She started making that difference as a communications consultant for The Foundation for a Healthy High Point. This would lead to a five-year journey with Business High Point-Chamber of Commerce where she became Director of Leadership and Program Development.

“When I started, it was just when we started pushing for the new stadium (Truist Point Stadium), and I was involved in creating the communications for the bond package,” he said. she stated. “But I was also involved in the rebranding of Business High Point-Chamber of Commerce.”

Business High Point-Chamber of Commerce was born in 2015 from the merger of the Chamber of Commerce and the private economic development group High Point Partners.

His experience with Business High Point-Chamber of Commerce helped develop an appreciation for the city and, more importantly, its people.

“On a daily basis, I came into contact with inspiring people who, every day, are committed to bringing change to their community in one way or another,” she said. “Whether it’s launching programs to support food insecurity or mothers who may need help.”

In fact, telling these “people stories” is one of High Point Discovered’s core missions, and Williamson was the perfect fit.

You can find these stories all over the High Point Discovered media which features stories about – among many others – those who run the affordable housing program to the high school principal who out of love tries to keep students focused on studies.

But in her new job, she also wants everyone to know that there are plenty of “fun” things to do in High Point. And that includes the city’s restaurant scene, which Williamson says is underrated.

It’s one of the reasons she started the High Point Food Mob Facebook page to help support local food establishments.

It’s also one of the reasons she and I met for lunch at the brand new Stock and Grain Assembly Food Hall in town. It has 12,000 square feet of restaurants and take-out counters offering every type of food imaginable.

I haven’t found anything like it in the Piedmont Triad.

“What I love is that it’s a crucible,” she told me. “People can buy hot dogs or sushi,” she said. “And so everyone’s just here breaking bread at the same time.”

And she has a message for those who still think High Point is the same town it was 10 years ago.

“High Point is a real boom town,” she said. “You have to come and take a look at what we have and how. I feel safe at High Point. I feel loved at High Point. And I feel an energy at High Point that is felt nowhere else in the Triad.

Sounds like a professional cheerleader to me!

For more information about High Point Discovered and how you can get a copy of “High Point Discovered: The Magazine,” see the nonprofit organization’s website.

At the bottom of the homepage you will find links to High Point Discovered’s social media pages.

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Profit taking halts four-week rally https://jamiron.net/profit-taking-halts-four-week-rally/ Sat, 17 Sep 2022 03:55:00 +0000 https://jamiron.net/profit-taking-halts-four-week-rally/ Average daily revenue drops 22% on DSE BABOUL BARMAN | Published: September 17, 2022 09:55:00 Shares slipped into the red in the outgoing week through Thursday, setting off a four-week streak of gains as jittery investors rushed to lock in profits from large-cap issues that saw a surge in stocks. price. Of the five days […]]]>

Average daily revenue drops 22% on DSE