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Homebuilder Taylor Morrison has scooped up another batch of future home lots in the Fiddyment area of west Roseville.
Toys "R" Us liquidation, tighter retail inventory and soft consumer demand remain concerns for Mattel (MAT) in the second quarter of 2019.
MGM Resorts' (MGM) top line in second-quarter 2019 is likely to be driven by robust performance of China and domestic operations.
A new ride may be splashing at Tampa's water park. Engineering consulting firm Mills & Associates Inc. has filed plans with the Southwest Florida Water Management District for a proposed project dubbed Adventure Island Project 90 for the SeaWorld (NYSE: SEAS)-owned park. The project will result in a 541-square-foot increase in the impervious area.
When the 1,300-acre, 200-megawatt farm is completed next year, it will be the largest solar project in Duke Energy's fleet and will rival its wind projects for megawatts of power capacity.
If Amazon (NASDAQ:AMZN) whiffs on earnings after the market closes Tuesday I'll be sorely tempted to buy more AMZN stock.I first bought Amazon back when the stock was selling at $330 per share. It opened for trade July 22 at $1,971, close to the all-time high of $2,012 reached last September. That high was followed by a sickening fall that sent it to a low of $1,377 around Christmas. Throughout 2019 it has been grinding back toward its high and is now approaching it.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAmazon is expected to post earnings of $5.29 per share on revenue of $62.7 billion. That's growth of 19% from a year ago, at scale. If it hits the "whisper number" of $5.70 per share, it's 12% higher than numbers that sent it skyrocketing a year ago.Ignore those numbers when looking at Amazon stock. The Real AmazonAmazon is becoming, like Apple (NASDAQ:AAPL) -- it's a stock you own, not a stock you trade. * 10 Stocks to Buy From This Superstar Fund This is true despite the recent recent volatility in the AMZN stock price. Right now, it's fully valued. Even if it hits the high-end of estimates, you're paying 85X earnings. You're paying nearly 4X revenue for what are mostly retail sales.Most analysts will be looking for renewed top-line growth, knowing that profits will still be plowed back into the business. They may be disappointed. The AMZN stock price may fall.Having mostly built-out its global cloud footprint, Amazon has refocused this year on its delivery infrastructure. This includes a fleet of trucks and airplanes that let it break bulk for less than Walmart (NYSE:WMT) and deliver for less than FedEx (NYSE:FDX). Running these networks efficiently won't provide the kind of quick profit hit it gets from the cloud. But it makes future revenue growth more sustainable.That's one reason I expect Amazon to fall short of expectations soon. The other reason is the growing campaign of ill-feeling toward the company. Liberals hoping to break it up and conservatives resent the liberal politics of CEO Jeff Bezos. The Next PhaseThe next phase of Amazon success will combine the cloud and delivery to transform the U.S. healthcare system.Amazon's aptly named Haven unit will, like CVS (NYSE:CVS), UnitedHealth Group (NYSE:UNH) and Centene (NYSE:CNC), give the income of insurance premiums visibility and control over the outgo. This is why hospitals and doctors' groups hate and fear the trend.But this connection is coming. Big employers, Amazon and partners Berkshire Hathaway (NYSE:BRK.A) and JPMorgan Chase (NYSE:JPM) being among the biggest, can no longer deal with the waste of the current system. Like all American multinationals, these companies are paying 50-100% more to cover the health care costs of U.S. employees than international rivals.This must end.One key to ending it is to deal with chronic conditions. They represent 75% of the bill. Fighting the effects of smoking, overeating, drinking and sedentary lifestyles, leading to diabetes, heart disease and kidney failure, requires a new focus on wellness. We need to keep people out of hospitals. * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk This is a $3 trillion opportunity, growing at 5.5% per year. Amazon that, get just 10% of it, and you're more than doubling the size of the company. The Bottom Line On AMZNWherever clouds and devices, combined with scaled distribution, can transform an industry, AMZN can reduce waste and make money.Amazon is why the American economy continues to grow despite its political dysfunction. Only fools, and those who thrive on inefficiency, stand in its way.In the short term, however, Amazon may have a tough time matching past success. Delivery infrastructure doesn't provide the hit to earnings that cloud does. Once it has that scale, however, watch out. That's why you accumulate Amazon on weakness, and, if your time horizons are short, sell into strength.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM, CVS, AAPL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Amazon Investors Should Buy Into Earnings Weakness, Sell Into Strength appeared first on InvestorPlace.
Bearish FedEx investors worry that Amazon’s logistics ambitions are a threat to parcel shippers. “I don’t believe Amazon Logistics has any intension of being a third competitor in the marketplace,” Glenn Gooding, president of iDrive Logistics, said.
Rating Action: Moody's affirms eleven classes of WFRBS 2013- C13. Global Credit Research- 22 Jul 2019. Approximately $675.3 million of structured securities affected.
Investing.com - Gold prices fell on Tuesday in Asia as traders await decisions from multiple central banks in the next two weeks.
Investing.com - The New Zealand Dollar fell on Tuesday in Asia after the Reserve Bank of New Zealand said it had done contingency planning for unconventional monetary stimulus.
Investing.com - Asian markets rose in morning trade on Tuesday. However, stocks on China's science and technology innovation board plunged on their second day of trading.
(Bloomberg Opinion) -- Supply-chain finance is the secret sauce behind Citigroup Inc.’s mid-20% return on equity from transaction banking.That might sound counterintuitive, especially in Asia. The export-led region is facing the brunt of supply dislocations as the U.S.-China trade war intensifies. But the skirmish isn’t a showstopper for financing. As production moves from one country to another, transactions that need to be greased with money or credit will occur somewhere else. They won’t disappear.For evidence, take a peek at Citi’s recent quarterly results. The bank has $715 billion in deposits from institutional clients. About $166 billion of it is in Asia, up 8% from a year earlier and growing faster than consumer banking deposits. What’s more, Citi doesn’t even have to aggressively seek corporate liquidity by promising high interest rates. It just has to work with a few hundred clients – not just Western multinationals like Procter & Gamble Co., but also Asian ones such as Alibaba Group Holding Ltd. and Xiaomi Corp. – by lubricating their vast global supply chains running into tens of thousands of vendors.Imagine a detergent maker in Indonesia that gets paid by P&G 90 days after billing. The company would be tempted to accept money from Citigroup even for 120 days if doing so helps to keep its domestic bank-financing lines unencumbered. Citi doesn’t take any credit risk on this small supplier because the bank is going to be paid by P&G, which also benefits by getting an extra 30 days to settle its bills. A big chunk of the corporate cash swirling on Citi’s balance sheet is what the multinationals have in their accounts at the bank , vast sums that ensure supply chains function smoothly.In a two-part series about virtual banking – the hottest new thing in Asian finance this year – my colleague Nisha Gopalan and I concluded that corporate cash management may be a more lucrative bastion than retail for the digital warriors to storm. That’s particularly so for Wall Street banks looking beyond fickle investment-banking revenue. However, even that “more modest leap of faith,” as we described the lure of transaction banking to the likes of Goldman Sachs Group Inc., will have trouble clearing Citi’s moat. It may not be impossible for an online-only bank to operate in more than 160 countries, deal with heavy penalties in case it flouts sanctions or gets dragged into a money-laundering scandal, and over time build its own war chest of deposits. But it’s certainly going to be difficult.None of this means that traditional transaction bankers can rest easy. In the world they’re familiar with, materials move one way; money in the opposite direction. The greater the risk of interruption to the flows, the higher the premium for ensuring they don’t. This age-old landscape is changing fast. The consumption of a Netflix movie or a Spotify song is purely digital. Deloitte estimates that by 2025, more than a third of all consumption in Australia, Hong Kong, Singapore and Malaysia will be done by people born after 1980. The spending of digital native generations – Y and Z – will be light on materials.Transaction bankers can’t dig themselves into a hole and pretend they’re engaged in a pure business-to-business activity. If you want to bank Uber Technologies Inc., you have to grapple with the financing of the discount coupons on late Uber Eats deliveries.Many things in the new digital supply chain will be done more efficiently by non-banks. Deloitte cites the example of Traxpay, chosen this year by Edeka Group, a large German food retailer, to handle the working capital needs of its vendors. Platforms like Traxpay will still need banks. But the real profit lies in owning the client relationships, not in providing money. To retain their edge banks will either have to buy promising fintech firms, or build their own rival products. Both options are capital-intensive; neither is guaranteed to succeed.We’ve previously characterized transaction banking as humdrum to distinguish it from its flashier cousin of retail digital banking. But not only is supply-chain finance juicy for banks, its meat-and-potatoes wholesomeness is drawing in fintech and Wall Street investment banks. The $715 billion of cheap liquidity sitting on the balance sheet of the big daddy of transaction banking is both a temptation for challengers, and a dare. It’ll be interesting to see where those deposits are five years from now.\--With assistance from Nisha Gopalan To contact the author of this story: Andy Mukherjee at firstname.lastname@example.orgTo contact the editor responsible for this story: Matthew Brooker at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
California Bank of Commerce, a business lender based in the East Bay, will open a branch location on Sacramento's Capitol Mall this summer. The historic mid-market lenders in that range have tended to target even larger business, which creates opportunity, Shelton said. In April, Shelton tapped former Wells Fargo & Co. executives Scott Myers, Chris Barr and Roger Godfrey to work the Sacramento market.
Generic drug companies Teva Pharmaceutical, Mylan, Endo and Amneal Pharmaceuticals may have to pay $8.5 billion in litigation costs surrounding the opioid epidemic, one analyst says.
Dollar General (NYSE:DG) stores are not all the same.They look the same on the outside and, to some extent on the inside. But if you look closely, they're all different.Many small towns have a Dollar General because they're just too small to support a Walmart (NYSE:WMT) or even a standard grocery store. Some Dollar Generals sell high-end booze and cigarettes. Others are food deserts, with just frozen food and ready-to-eat snacks, surrounded by miles of poverty.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Defense Stocks to Buy to Fortify Your Portfolio This is how Dollar General sawed off the challenge of Dollar Tree (NASDAQ:DLTR) after that company bought Family Dollar in 2015. Since then, Family Dollar has been closing hundreds of outlets, whose one-size-fits-all stocking can't compete. Over the last two years Dollar General's stock gain of 91.5% has nearly doubled the 52% gain of its rival, even though the Dollar Tree chain itself caters to upper-income shoppers. The Secret of Dollar GeneralMost reporters who covered the "dollar store war" early in this decade missed the point, because most finance reporters seldom leave their desks.It was the differences among individual Dollar General stores that let DG win the war. Neighborhoods that liked pork rinds got pork rinds. Small towns where some people made more money got higher-end merchandise. One size does not fit all.Editorial prejudice still prevents reporters from seeing it. Dollar stores are still covered as though they're all one thing.Dollar General stores can thrive in towns under 20,000, where people are making under $40,000 per year. It's this ability to make a profit from poor people that gives Dollar General its bad reputation.As farming communities plunge into feudalism, with just a few remote landowners and a lot of poverty, Dollar General expands. It's not always welcomed by everyone, but, for towns that might die otherwise it's a godsend. Don't Blame DGPoor counties blame Dollar General for their poverty, for taking what money their people do have and spiriting it away for plastic chairs and off-brand detergent.But where people do have money Dollar General can deal with it, adding seasonal merchandise, FedEx (NYSE:FDX) package drop-offs and delivery, Western Union (NYSE:WU) wire transfers, even fresh produce if there's a market for it.Dollar General reflects its markets. This is the mirror poor neighborhoods don't want held up to them. Dollar General can scoop up whatever money a small town or ghetto might have. Once it is established, it can then cater to whatever middle-class incomes exist there. That's also part of its business model. The Dollar General Stock Success StoryThis has made Dollar General a great momentum stock, a company that can prosper in both good times and bad.Dollar General isn't a fast-growing company, but it is growing. Sales are up 25% over the last three years, and Dollar General brings 6% of that to the net income line. That's twice what Kroger (NYSE:KR) does, and more than three times what mighty Walmart can do.This means Dollar General sports a market cap of almost $36 billion on sales of $25 billion. For a retailer this is insane. The only one that can beat it is Costco Wholesale (NASDAQ:COST), which is worth 87% of sales. The Bottom LineDollar General has the reputation of being a bottom feeder, but the bottom must be fed. The company knows which markets it can serve and learns to serve those markets.The mirror Dollar General holds up to its customers, and to the rest of us, may distress some, but it's what we are. If we change, the store will change with us.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in KR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post The Different Faces of Dollar General appeared first on InvestorPlace.
A shortage of trained workers and evolving technology are among the area's biggest challenges, when it comes to continued growth, said this local expert.
David Rosenberg said that earnings are “rolling over” and economic data indicates that the economy is very close to recession.
Basketball fans visiting the Disney Springs retail, dining and entertainment complex in Orlando may not be able to get inside the new NBA Experience yet — but its store now is open for those looking to grab some unique Disney-inspired sports gear. The new attraction, which replaced the former DisneyQuest attraction, officially opens Aug. 12, but guests now can visit the NBA Store portion of the venue. Here's more from Disney spokesman Jeremy Schoolfield, via the Disney Parks Blog: Most of the NBA Experience will take guests into the world of basketball with some unique activities, including these, according to Disney Parks Blog: Experience the NBA Draft with a photo moment recreating the draft stage.
Royal Caribbean's (RCL) second-quarter 2019 results are likely to be driven by higher passenger ticket as well as onboard and other revenues.