Tag Archives: boom

The global housing market has gotten too hot to be sustained, according to Oxford Economics‘ deep dive into more than 121 years of housing data. Home prices in advanced economies may be about 10% overvalued compared to the long-term, according to new research from Oxford Economics lead economist Adam Slater. This “boom,” Slater notes, is one of the biggest since 1900. The last boom period in 2006 saw home prices 13% to 15% overvalued, based on Oxford’s analysis. Students of market history… Source link

Chipotle (CMG) on Tuesday posted a second-quarter earnings report that smashed Wall Street expectations, thanks to the mass return of customers after COVID-19 restrictions, and ongoing strength in digital sales. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Revenue: $1.9B vs. $1.88 billion expected Adj. earnings per share (EPS): $7.46 vs. $6.54 per share expected Same-store sales: 31.2% vs. 29.8%… Source link

Foot Locker (FL) is prepared to ride the coattails of serious momentum at key vendor Nike, analysts contend.  On Thursday evening, Nike reported record sales in North America for its fourth fiscal quarter. Sales surged 141% from last year, and 29% compared to the fourth quarter of 2019 (pre-pandemic). Digital sales soared 147% from the fourth quarter of 2019. Jordan brand sales rose an impressive 31% to $5 billion in Nike’s just completed fiscal year. Shares of Nike exploded 15% on Friday as… Source link

In the past few years, we’ve seen six ESG megatrends on the rise with trillions of dollars being invested into them, from cloud computing and clean water, to finance, resource efficiency and the mega of ESG megatrends–EVs. If 2020 was the year that broke the ESG bank. This year, and next, might see investors start to reap the rewards of Biden’s ultimate “green presidency”. In March, Biden unveiled a $2.3-trillion infrastructure plan. On Earth Day, Biden pledged to half U.S. greenhouse… Source link

The golf boom is continuing this year as people look for fun, socially distanced outdoor activities during the pandemic. And that has caused executives at Dick’s Sporting Goods (DKS) to reach into their cash coffers to upgrade the shopping experience at their important Golf Galaxy stores so they keep pace with rivals such as the PGA Superstore.  Somewhat under the radar, Dick’s said on an earnings call Wednesday it would spend $20 million to bolster its Golf Galaxy stores in a bid to capture… Source link

(Bloomberg) — It began with a group of scientists and a wild idea: That the byproduct remaining after making oat bran could be turned into non-dairy milk. That idea became the foundation of Oatly Group AB, the Swedish oat milk company that debuted Thursday in New York after raising $1.4 billion in an initial public offering. The share sale cements the fortunes of one of the scientists, Rickard Oste, and his brother Bjorn Oste, who co-founded the Malmo-based company. The American depositary… Source link

JPMorgan Chase (JPM) CEO Jamie Dimon says the post-lockdown economic boom has “absolutely” begun. On a client webcast on Wednesday, the long-time bank CEO echoed his upbeat views on the U.S. economy that he recently outlined in his annual letter to JPMorgan shareholders in which he predicted an economic boom that “could easily run into 2023.” Pointing to the vaccine rollout, Dimon said on the webcast we are “lucky to have it” and people “should be happy to go back to work,” both factors that… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could Deliver Massive Returns The long-term upward trend in the markets is marked; the S&P 500 is up 51% over the last 12 months, even taking into account some recent slips. For investors, this makes the present a propitious time to seek out low-cost market segments with high return potential. Or in other words, to take the old time advice and buy low to sell high. Jefferies equity strategist Steven DeSanctis, in a recent note on small-cap market… Source link

In 2009, I was starting my career in IT, and even at the time, the idea of managing a local email server seemed like a colossal waste of resources. I began investigating what was then known as Google Apps for your Domain as an alternative to Microsoft Exchange. About Apple @ Work: Bradley Chambers has been managing an enterprise IT network since 2009. Through his experience deploying and managing firewalls, switches, a mobile device management system, enterprise-grade Wi-Fi, 100s of… Source link

Bitcoin believers may have new reason to rejoice following the stimulus checks, but Ethereum has use cases on its side. U.S. President Joe Biden’s $1.9 trillion COVID Relief Bill has passed congress and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin. A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID Relief Bill, 10% are interested in investing in Bitcoin. It’s a small… Source link