STZ Constellation Brands, Inc. $254.33-0.23 (-0.09%)4:00 PM 07/18/23 NYSE | $USD | Post-Market: $262.13 +7.80 <-- SOME SORT OF DEAL WITH BOARD (+3.07%) 6:34 PM
XPO, SAIA lead rally in trucking sector after Yellow Corporation misses payment IS YELLOW GOING BANKRUPT? IS THAT GOOD FOR THESE GUYS
TER +0.77% Watchlist Teradyne, Inc. NORTH READING, Mass., July 14, 2023 (GLOBE NEWSWIRE) -- Teradyne, Inc. (NASDAQ: TER) will release financial results for the second quarter 2023 on Wednesday, July 26, 2023, at 5:00 p.m. Eastern Time (ET) or later. A conference call to discuss the second quarter results, along with management's business outlook, will follow at 8:30 a.m. ET, Thursday, July 27, 2023.
COULD BE A TRICKY EARN REPORT. BUT WE KNOW THIS IS A CW STOCK AND SHE WILL BUY. WE WANT TO BE READY TO SCOOP LAST TIME))))))))))) I BELIEVE THE STK DID GO UP BUT IT WAS MESSY REPORT- Teradyne Q1 Earnings Beat Estimates Teradyne reported first-quarter 2023 non-GAAP earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate by 30.9%. However, the bottom line decreased 43.9% year over year and 40.2% sequentially. Revenues of $617.5 million surpassed the Zacks Consensus Estimate of $591.7 million. The figure however declined 15.6% sequentially and 18.2% on a year-over-year basis. The year-over-year decline was a result of declining Test revenues. Further, supply-chain disruptions were headwinds. The company expects to witness sluggish demand in its Robotics business in the near term owing to slow industrial growth. Nevertheless, it expects an improvement in demand for automotive and industrial test equipment.
(Reuters) - Yum Brands' Taco Bell prevailed on Tuesday in its self-described bid to "liberate" the phrase "Taco Tuesday," as competing fast-food chain Taco John's told the U.S. Patent and Trademark Office (USPTO) it would abandon its federal "Taco Tuesday" trademark. Taco Bell had asked the USPTO in May to cancel the trademark, calling it a common phrase that Taco John's had monopolized unfairly in the restaurant industry. In a statement, Taco John CEO Jim Creel said: "We’ve always prided ourselves on being the home of Taco Tuesday, but paying millions of dollars to lawyers to defend our mark just doesn't feel like the right thing to do." He said the Cheyenne, Wyoming-based chain would instead donate $100 for each of its nearly 400 locations to a nonprofit for restaurant workers in crisis, and challenged Taco Bell to do the same. Taco Bell has more than 7,200 locations in the U.S., according to Yum Brands' website. Representatives for Taco Bell did not immediately respond to a request for comment on the Tuesday filing. Taco John's owned the right to use the "Taco Tuesday" name in commerce in every state except New Jersey, where it is still owned by Gregory's Restaurant & Bar in Somers Point. A separate Taco Bell challenge to that trademark is still pending. The restaurant's co-owner Gregory Gregory told Reuters he did not have plans to give up its trademark and he was "shocked" that Taco John's had abandoned its mark so soon. Taco Bell publicized its petitions to cancel the "Taco Tuesday" marks as part of a marketing campaign, claiming it wanted to "liberate the phrase for restaurants nationwide." Taco John's told the USPTO last month that Taco Bell was only seeking to sell more tacos, and that its mark did not prohibit anyone "from advertising and selling tacos on Tuesday."
The median rents in New York City are reaching record highs, according to the latest data, in some cases triggering bidding wars for, well, some pretty mediocre properties. "Asking rent has been breaking new records across the city since April," said Kenny Lee, an economist at StreetEasy. The market has been tough, a lot tougher than before." Per Lee and StreetEasy, the rental market peaked this June in Manhattan. The median listing price in Manhattan hit $4,396 per month. And in both Brooklyn and Queens, the median asking rents were $3,400 and $2,850, respectively, according to StreetEasy. June’s median rents are the highest in all three boroughs since January 1, 2010, when StreetEasy started tracking. (Note: Median rent is the mid-point value of sampled listings. This means 50% of sampled listings are priced higher, and 50% are priced lower.) New York City’s median asking rent, including all five boroughs, reached $3,750 this June, a 7.1% year-over-year increase. Compared to when the pandemic emptied the city two years ago, the median asking rent soared 33.5% from $2,495 in March 2021, according to StreetEasy. Tenants living in Manhattan are seeing an even bigger jump of 37% to $4,396 in June from $2,760 in January 2021. Since the pandemic, Brooklyn and Queens also saw double-digit rent growth at 29.4% and 29.8%, respectively. The elevated prices, especially in Manhattan and Brooklyn, are substantially higher than the nation’s average. Manhattan’s rent is already twice the nation’s average asking price for rentals of $2,048, according to Zillow’s rental tracker. The result? A feeding frenzy. "Just a few days ago, I had a studio listing on the Upper West Side," Tiga McLoyd, a New York City-based real estate broker with Corcoran, told Yahoo Finance. "There were 11 applicants for the unit, and seven people participated in a bidding process." Even though the listing price for McLoyd's unit was $2,475 per month, the highest bid reached $2,800 — or $325 more than asking. The four-flight walk-up was a gem, according to McLoyd, due to its location near Central Park, the subway station, Trader Joe's, and Equinox. And although the unit does not have a washer or a dryer, it does have a separate kitchen with a dishwasher, a rarity for studios under $3,000 in the Upper West Side. "So I kind of call it the COVID bounce-back," McLoyd said, "and it really hasn't stopped happening." Many companies in the Big Apple are adapting to the hybrid work model, where employees work in the office and from home. "It's true New York City lost a lot of residents in 2020 and 2021. A lot of people left the city in search of just more space, a backyard, or front porch," Lee said. "But I think the situation has really reversed across the Northeast, including New York City. And that's precisely related to returning to office at least part-time." Companies not in the city are also contributing to the rent increase. McLoyd said he had met renters who were able to move to New York City because they can work remotely, "You got all these new people from interesting places like the California, Midwest, and Texas, who are now able to work remotely from anywhere," McLoyd said, "So that crowd of people moved to New York." Gen Zers account for the largest cohort moving to the Empire State, according to a Today’s Homeowner report published in 2023. Overall trends show Gen Zers are attracted to big cities like New York, with over 43,104 individuals moving in and a net migration of 3,043. The number of Gen Zers that left California was 50,615; 21,535 in Minnesota; 36,782 in Chicago; and 5,268 in Louisiana, Today’s Homeowner report showed. New York is apparently a draw for young movers: "It's fun," McLoyd said. Strong demand but little availability Call and bid: The number of available rentals in Manhattan, Brooklyn, and Queens decreased compared to pre-pandemic years with Brooklyn seeing the sharpest decline at 35%. (Getty Images) The city may be fun, but finding a rental is definitely not. "After the global financial crisis, the city has added more than half a million jobs but only created about 300,000 new homes in New York City," Lee explained. In fact, the number of available rentals in Manhattan, Brooklyn, and Queens decreased compared to pre-pandemic years. Brooklyn saw the sharpest decline at 35%. The average available units in 2023 dropped to 9,902 from 15,230 in 2018. Manhattan saw 4,340 fewer units, or a 22% drop, over the same period, and Queen's was 21.4% lower, or 1,112 fewer units. Rental supply in the Bronx and Staten Island stayed relatively flat in the last five years, according to data published by StreetEasy. "It's hard to see where [inventory crunch] is going to stop because New York City just isn't building any new housing," McLoyd said. The city's vacancy rate gives a similar narrative. Although Manhattan's vacancy rate increased to 2.78% in June 2023 from 1.90% a year ago, a healthy vacancy rate should sit around 5%-8%, according to the US Lending Company. "The lack of inventory coming into the market, as well as the strong demand from renters, is destroying the market and creating intense competition for renters," Lee said. The bottom line: "It's a basic, old school supply and demand scenario," McLoyd said.
Hahahah. And two vpn's... just to keep Magna on his toes. Somebody else here said that once, and just like I told them, if Stoney and I were the same person.... send out the men in white suits with a straight-jacket and a padded ambulance. ------------------>UPDATE!!!! While Stoney is going on about his weekend roundup where he throws out 15 stocks and when one goes up we have to hear about it ten times in one day... I softly chuckle as the "Stoney Correction" roars on and every index out there hits new 52 week highs... Hey Stoney! I have 4 emails congratulating me for the post below, accurately predicting on June 22nd that the next catalyst driving the markets ever higher in July will be the financials. No thanks needed.... but just so you know... you are 0-5 on the SPX calls... VZ is 5-0. Enjoy : So yeah... the financials are playing out perfectly. Schwab up huge today. $65----> He did it again. Granny stock FITB up nicely too. They report on Friday. And that stock I told folks to buy yesterday at $58 for earnings... AIR... it had a kick-ass report tonight. I closed out at $61.95. Could have got $63 had I been quick, but the way it acted, I think it will pull back some tomorrow. This is a good stock however to put on a shopping list for a day(s) when the market sells off nicely. I'd buy it all day long below $54... but it has had a decent run and I think it's a little overbought. Good company though. Solid. But wait for a sale. The bigger picture as the markets grind ever higher, there's one thing to remember for short term traders.... even in an ongoing uptrend.... the more gradual the climb up on successive days, and the more those successive days add up----> the more abrupt any short term correction will be. Markets can creep up inch by inch, and even have a few nice gap up days along the way as they climb ever higher... but you'll NEVER see them creep down. Just keep that in mind. ~vz
GOOD MORNING-! Carvana got a great restructuring of their debt.- This changes the picture dramatically for that Co. Boston Scientific got an upgrade from Baird- BSX At&T is bouncing after revealing they don't have that much overhead lead lines. Bellieve I heard 10% this morning on the radio. Our favorite mixer Fevertree got an upgrade fromBNPParibas- FQVTF Forward Air got a double upgrade Baird Neutral to Buy- FWRD (believe this a ping off Yellow news) Global-e Online was downgraded at Morgan Stanley- GLBE JP Morgan made moves in EVTOL space- Target raise> ACHR $6 from $5 Downgrade of JOBY<-------- to underweight.