Share to Twitter Share to Linkedin Our theme of Mid-Cap SaaS stocks has fallen by about 42% year-to-date, underperforming the broader Nasdaq-100, which remains down by roughly 33% over the same period. The initial leg of the sell-off in software stocks was driven by investors adjusting their allocations and valuations of stocks to account for the Federal Reserve’s monetary tightening - the benchmark federal funds rate now stands at over 3%, from just about 0.25% at the beginning of this year. We’ve now reached a point where earnings growth for major software players is beginning to look a bit vulnerable, considering rising inflation, a softening economy, and the easing of the Covid-19 era demand tailwinds for technology products. This is putting further pressure on stock prices within the sector. So what’s the outlook like for the theme? Now, the macro environment remains tough with U.S. GDP contracting over the last two consecutive quarters and the Fed … [Read more...] about Are Mid-Cap Software Stocks Good Value Post The Tech Rout?
Booths escape route
Share to Twitter Share to Linkedin I visited Fiji last winter when it had some of the strictest COVID-19 travel protocols of any destination, including testing before departure, testing on arrival, special mandatory insurance to cover potential quarantine housing, and on top of all that, some individual resorts had their own testing on arrival requirements. It was a lot of hoops to jump through, but it was worth it, because Fiji was wonderful, and is in many ways, is a true Bucket List tropical paradise, justifiably renowned as a honeymoon destination. But now travel to Fiji is much easier, and last month, the country dropped the last of its strict requirements, eliminating both testing upon arrival and testing to board flights to Fiji. As a nation of islands, the main appeals revolve around beaches and ocean. Relaxation and escapism are big draws, but Fiji is also a world-class Scuba diving destination, home to some of the very best diving in the … [Read more...] about Fiji Reopens With Great Private Island Resorts For Every Traveler
- A + A KUALA LUMPUR (Oct 4): Member of Parliament for Petaling Jaya Maria Chin Abdullah on Tuesday (Oct 4) voiced concern over plans by PJD Link (M) Sdn Bhd, the concessionaire of the proposed Petaling Jaya Dispersal Link (PJD Link), to continue with the development of the elevated highway, despite protests from residents of PJ. She was commenting on PJD Link (M)'s announcement on Monday that it is seeking a listing on Bursa Malaysia via the reverse takeover of Practice Note 17 (PN17) company Scomi Energy Services Bhd. "For PJD Link (M) to take on an enormous project, estimated at RM922 million, it is worrying how definitively PJD Link (M) stated its intention to build the elevated highway. One wonders if Bursa can approve such listings in such circumstances, which is made more difficult because there is no proposal submitted to the state or local government, no real approval made by either the state or local government, and it does not seem to have any real … [Read more...] about Maria Chin questions company’s relentless pursuit of RM922m PJD Link despite protests from residents
Jaiprakash Associates | The company reported lower consolidated profit at Rs 424.41 crore in Q4FY21 against Rs 3,068.10 crore in Q4FY20, revenue rose to Rs 2,517.2 crore from Rs 1,876.03 crore YoY. Construction firm Jaiprakash Associates has defaulted on payments to lenders to the tune of Rs 2,897 crore on February 28. The company has Rs 1,544 crore of interest overdues and Rs 1,353 crore to lenders, according to a statement issued to bourses. Lenders to Jaipraksh Associates, the flagship company in the group, include ICICI Bank, Axis Bank, IDBI Bank, Canara Bank and Bank of Baroda. The default is on obligations such as fund-based working capital, non-fund-based working capital, term loans and FCCB. In total, there are about 32 banks which have exposure to Jaiprakash Associates. The company has a total outstanding debt of Rs 27,000 crore to creditors. In September 2018, ICICI Bank, the lead lender, had filed an insolvency petition against JP Associates before the Allahabad … [Read more...] about Jaiprakash Associates defaults on Rs 2,897-crore payments to lenders
Share to Twitter Share to Linkedin Tina Huang is the Founder and CTO of Transposit , a platform that bridges the gap between dev and ops with automated human-machine workflows. Judging by the ubiquitous cloud adoption, most organizations have concluded that the trade-off between increased complexity and the advantages of microservices and cloud infrastructure is worth it. In fact, Gartner predicts that almost two-thirds (65.9%) of spending on application software will be directed toward cloud technologies in 2025, up from 57.7% in 2022. Still, the current approach to managing complexity is ineffective. Organizations have mountains of data and tools but little or no useful, maintainable documentation and no single place to find what’s needed. These barriers have impacted reliability, with 62.9% of organizations reporting an increase in customer-impacting service incidents. The situation also causes talented people to burn out as rapidly … [Read more...] about Automation Playbook Part 2: How To Tackle Complexity With ‘Approachable Automation’
Share to Twitter Share to Linkedin Shopify stock (NYSE: SHOP) continues to drift lower, falling by about 10% over the past month, taking its year-to-date decline to about 80%. While a bulk of the decline in the stock came earlier this year, as investors fled growth stocks as the Fed began its monetary tightening, Shopify’s underlying e-commerce business is also taking a hit as people return to physical stores, with high inflation and rising rates also weighing on consumer confidence. Shopify posted a tough set of Q2 2022 results with revenue growth slowing to 16% year-over-year versus the 57% growth the company posted in the year-ago quarter, with the company also swinging to a net loss, versus a profit a year ago. Now, given the magnitude of the rout in Shopify stock, it’s safe to assume that much of the recovery will hinge on macros. Thus far, the Fed has also not shown signs that it will ease on its rate hikes, with the bank raising rates yet again by … [Read more...] about Down 80% This Year, What Will It Take For Shopify Stock To Recover?
Share to Twitter Share to Linkedin Riot Games has revealed the patch notes for Valorant update 5.07, showing off some major changes to the Fracture map, how flashes are balanced and some nice quality of life improvements when it comes to cosmetics. With the pro scene now on a bit of a break this is one of the larger patches we have seen in recent weeks, and is likely to seriously shake up the meta with the changes to agents. The biggest changes in the patch notes are related to the Fracture map, which is getting quite a considerable rework in a number of areas. Some of the biggest changes are around the unfertilised A site, specifically satellite dish and drop. ADVERTISEMENT The dish itself has been moved to cut off the back path around it, so now you only have one route through this area of the map, while the drop area has been totally reworked so now you are forced to jump out into a totally open area with a 50/50 chance of someone being either … [Read more...] about ‘Valorant’ Patch Notes 5.07 Reveal Massive Fracture Map Changes
Share to Twitter Share to Linkedin Denis Clifford is the Chief Customer Officer at Virto Commerce , a leading provider of B2B digital solutions. Last month the European Central Bank raised interest rates for the first time in 11 years. This week it has announced another 0.75% increase and has signaled more to come. The U.S. Federal Reserve has been doing likewise in increments this year. These landmark moves seek to tamp down runaway inflation. Raising the cost of borrowing reduces demand for products and services and should therefore reduce prices. Done with anything other than a delicate hand, this can also tip economies into recession. Sometimes that is precisely the point. Whether or not we are on the brink of a worldwide downturn, we know our banking system is not quite under the same pressures as those of 2008. However, businesses are absolutely under stress. Input costs are up, employee wage demands are coming, and the internal budget … [Read more...] about Recession Won’t Be An Easy Ride, But Digital Is Light At End Of Tunnel
Share to Twitter Share to Linkedin Tom Wozniak heads up Marketing and Communications for OPTIZMO Technologies . In email marketing, you can write the most compelling copy, include an impossible-to-resist offer, create an attention-grabbing call to action, and still have the campaign fail to drive results. What’s one reason why? A low percentage of your recipients actually see the email. Before anyone can react to all that amazing email content, the email first needs to reach their inbox. So, if your campaign deliverability is subpar, your performance will likely struggle. This is why the marketing discipline of email deliverability has become so popular and important. There is a strong argument that deliverability (or inboxing) is the most important aspect of any email campaign. The rationale is that even poor email marketing content can drive some results, as long as recipients actually get the email. Today, reaching the inbox is arguably … [Read more...] about Three Tips For Helping Your Email Campaign Reach Inboxes
Share to Twitter Share to Linkedin Following the amazing prologue episode , we have finally been graced with the first episode of the series and it’s remarkably good, if a bit different from what we were expecting. The prologue was very much a tragedy and set up the world building for the series. Much of that is obviously still present in the first episode, such as the oppressive corporate structure of the society, but the culture of the school Suletta Mercury attends is a whole other thing entirely. In that, the Asticassia School of Technology teaches kids the nature of how mobile suits work and are operated. An offshoot of this is that the pupils will duel in said mobile suits. It may sound goofy on paper, but it’s handled well in the anime by focusing on the industrial nature of the mobile suits themslves. However, the current duelling champion is Guel Jeturk , the heir to Jeturk Heavy Machinery. This is where it all goes a bit … [Read more...] about The First Episode For ‘Gundam: The Witch From Mercury’ Is Not Woke, It’s Just Really Good