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Pick Either American Airlines Stock Or Its Peer – Both May Offer Similar Returns

March 29, 2023 by www.forbes.com

Share to Twitter Share to Linkedin We believe that American Airlines stock (NASDAQ NDAQ : AAL) and its peer Delta Air Lines stock (NYSE: DAL) will likely offer similar returns in the next three years. American Airlines is trading at 0.2x trailing revenues compared to 0.4x for Delta Airlines. Investors have assigned a higher multiple to Delta due to its superior revenue growth, as discussed below. If we look at stock returns, Delta Airlines, with -16% returns in the last twelve months, has fared marginally better than American Airlines, down 19%, and both have underperformed the broader S&P 500 index, down 13%. There is more to the comparison, and in the sections below, we discuss the possible returns for AAL and DAL. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of American Airlines vs. Delta Air Lines DAL : Which Stock Is A Better Bet? Parts of the analysis … [Read more...] about Pick Either American Airlines Stock Or Its Peer – Both May Offer Similar Returns

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Top Tech Stocks for April 2023

March 28, 2023 by www.investopedia.com

Daqo New Energy Corp., a maker of silicon and polysilicon products used primarily in solar energy applications, tops the list of stocks offering the best value in the tech sector heading into April. In the growth category, 3D printing firm Nano Dimension Ltd. leads the way, while chip testing provider Aehr Test Systems is the tech stock with the most momentum. In March, the U.S. Federal Reserve raised interest rates for the ninth time in a year. The latest increase comes in the midst of a banking crisis triggered by the collapse of tech-friendly Silicon Valley Bank and Signature Bank. Since tech companies are sensitive to higher interest rates, stocks in the sector have struggled throughout the Fed's anti-inflation campaign. Tech stocks, represented by the Technology Select Sector SPDR Fund ( XLK ), lost a tenth of their value in the past year, compared with a 14% drop in the Russell 1000 Index. Despite the challenging environment, the companies listed here are leading the … [Read more...] about Top Tech Stocks for April 2023

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European stocks get tech lift, UBS climbs on naming Ermotti as CEO

March 29, 2023 by business.inquirer.net

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 28, 2023. REUTERS/Staff/File photo European shares rose on Wednesday, echoing an upbeat mood in Asian markets following Chinese tech giant Alibaba’s break-up plans, while strong outlook from chipmaker Infineon and a CEO change at Swiss bank UBS further aided the mood. The benchmark STOXX 600 index rose 0.7 percent, largely in line with gains in Asian equities. UBS Group AG gained 1.7 percent after the lender announced that Sergio Ermotti will take the helm to steer its takeover of smaller peer Credit Suisse. Credit Suisse climbed 1.4 percent, while financial services and banking indexes rose between 0.8 percent and 1 percent. “I can see why the market has stabilized and it’s true that there are some slightly comforting factors. The Fed (bets) have been repriced down quite aggressively in the past few weeks and investor positioning is very defensive,” said Vincent Chaigneau, … [Read more...] about European stocks get tech lift, UBS climbs on naming Ermotti as CEO

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Why Tesla Is Rebounding as China’s Electric Car Market Faces Shakeout

July 13, 2022 by www.investopedia.com

The market value of CEO Elon Musk's electric vehicle (EV) company Tesla Inc. ( TSLA ) has rebounded by almost 92% and $29 billion from its 52-week low on June 3, 2019, on forecasts of rising profits and market share. Moreover, the outlook for Tesla in China, the world's largest vehicle market, may be brightening as would-be competitors face obstacles. To reduce air pollution, China plans to become a world leader in electric vehicles. As a result, dozens of Chinese EV startups have raised over $18 billion, but this may represent a speculative bubble, Bloomberg   reports. Key Takeaways China plans to be a major player in electric vehicles (EVs). Billionaire Chinese tycoons are spending billions in the EV market. However, becoming profitable is an uphill climb. Meanwhile, Tesla has opened its first plant in China. Significance For Investors Among the billionaire Chinese business tycoons who spending big money to become big players in the Chinese EV market … [Read more...] about Why Tesla Is Rebounding as China’s Electric Car Market Faces Shakeout

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DMCI increases cash dividends by 50% after record profit

March 29, 2023 by business.inquirer.net

MANILA, Philippines  -Consunji-led DMCI Holdings Inc. pumped up cash dividends by 50 percent after a rally in commodity prices propelled 2022 profits of the conglomerate to a record high. DMCI said in a stock exchange filing on Wednesday it will pay a total of P9.56 billion in both regular and special cash dividends to stockholders. This was equivalent to 31 percent of core earnings and above the holding company’s dividend policy of paying out 25 percent of the past year’s profits. It is paying a total cash dividend of P0.72 per share common share on April 28 to stockholders on record as of April 27 this year, the filing showed. DMCI, which owns coal and power producer Semirara Mining and Power Corp., earlier said 2022 net income surged 69 percent to over P31 billion. Contributions from units, which include water services, property development, mining and construction, pushed up revenues by 32 percent to P142.6 billion. DMCI said contributions from Semirara last year … [Read more...] about DMCI increases cash dividends by 50% after record profit

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Katy Perry Reveals She Is Dedicated To Staying Sober

March 29, 2023 by dailycaller.com

Singing sensation Katy Perry revealed her devotion to sobriety during a Monday cocktail event at New York City’s Mister Paradise. Perry joined fellow “American Idol” judges Lionel Richie and Luke Bryan as well as Ryan Seacrest at the event, but she refused to indulge in any alcoholic beverages despite the boozy-themed gathering. “I’ve been sober for five weeks today,” Perry said, according to People . View this post on Instagram A post shared by De Soi (@drinkdesoi) Perry continued the conversation by letting fans know she made a very special promise not to drink, and it was one she absolutely wasn’t willing to walk back on. “I’ve been doing a pact with my partner and I want to quit,” Perry said dramatically, while reportedly pretending to cry. Perry’s sobriety commitment to fiancé Orlando Bloom is seemingly one she is taking very seriously. Bryan chimed in to playfully coax the star into joining … [Read more...] about Katy Perry Reveals She Is Dedicated To Staying Sober

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Elon Musk And Tech Leaders Call For AI ‘Pause’ Over Risks To Humanity

March 29, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Topline Elon Musk and Steve Wozniak are among hundreds of high-profile technologists, entrepreneurs and researchers calling on AI labs to immediately stop work on powerful AI systems, urging developers to step back from the “out-of-control race” to deploy ever more advanced products while we better assess the risks advanced artificial intelligence poses to humanity. Key Facts Any AI lab working on systems more powerful than GPT-4—the powerful engine driving OpenAI’s Chat-GPT—should “immediately pause” work for at least six months so humanity can take stock of the risks such advanced AI systems pose, urged an open letter published Wednesday by the Future of Life Institute and signed by more than 1,000 people. Any pause should be “public and verifiable” and include all key players, the letter said, urging governments to “step in” and force the issue for those who are too slow or unwilling to stop. The … [Read more...] about Elon Musk And Tech Leaders Call For AI ‘Pause’ Over Risks To Humanity

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Country’s Largest Egg Producer Saw Profits Surge 718% Amid Shortage

March 29, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Topline Cal-Maine Foods, the nation’s biggest egg producer, experienced a seven-fold year-over-year jump in quarterly profits in the three-month period ending February 25, according to its Tuesday afternoon earnings report , a jarring revelation into how the company cashed in on soaring egg prices. Key Facts Cal-Maine sold 291,000 cartons of a dozen eggs at an average price of $3.30 per carton last quarter, an increase of 1.3% in unit sales compared to the same period last year at more than twice the price. Thanks to soaring retail egg prices nationwide as Cal-Maine’s competitors dealt with an avian flu outbreak that caused egg shortages, Cal-Maine scored $323 million in profits last quarter, a 718% year-over-year increase and a more than 2,000% increase from the same period in 2021. In a statement accompanying the earnings release, Cal-Maine CEO Sherman Miller defended his company’s surge in profits and … [Read more...] about Country’s Largest Egg Producer Saw Profits Surge 718% Amid Shortage

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Former Pro Poker Player, Who Founded Asian Delivery Giant Lalamove With His Winnings, Becomes A Billionaire

March 29, 2023 by www.forbes.com

Share to Twitter Share to Linkedin C how Shing Yuk, a former professional poker player who studied economics at Stanford University, has joined the billionaire ranks, but not because he drew a lucky hand. Over the past decade, Chow, 44, has steadily built Lalamove into a logistics and delivery giant from a base in Hong Kong, backed by the likes of Neil Shen’s Sequoia China and Lei Zhang’s Hillhouse Capital. On Tuesday, Chow’s company, whose formal name is Lalatech Holdings, filed for an initial public offering in Hong Kong that revealed he owns a 25% stake through a family trust. Based on Chow’s stake and proceeds of earlier share sales, Forbes estimates, his net worth to be $2.2 billion, making him a rare startup billionaire in Hong Kong. Lalatech’s last private fundraising was a $230 million Series G round in November 2021, during the startup bubble. According to a report by technology website the Information, that round valued Lalatech at a … [Read more...] about Former Pro Poker Player, Who Founded Asian Delivery Giant Lalamove With His Winnings, Becomes A Billionaire

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BYD & Kuaishou Beat

March 29, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Key News Asian equities had a good day as Hong Kong outperformed while Mainland China was off slightly. Alibaba led the way as it jumped +12.23% on high volume as analysts updated their sum of the parts analysis (SOTP). Tencent gained +1.75% on high volume and strong buying from Mainland investors, Meituan closed higher by +4.01% on high volume and moderate buying from Mainland investors, JD.com finished at +1.92%, and BYD gained +3.12% on strong financial results and its net income jumping +400% year-over-year in another masterful move from Warren Buffet and Charlie Munger. BYD’s results, which beat on revenue, adjusted net income, and adjusted EPS, lifted the EV space with Xpeng HK +3.64%, Li Auto HK +4.59%, and Nio Auto HK +1.83%. Hong Kong short turnover jumped to 17% of total turnover though short turnover was highly concentrated in three Hong Kong listed ETFs while internet stocks had lower short turnover. … [Read more...] about BYD & Kuaishou Beat

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