Stoney don’t forget to enjoy, I know a few guys who saved fortunes only to die at 50 and 60 living frugal. One stated at COP early 80s(50,000 shares easily) and another CVX. Latest worked at a biotech in San Diego, left his kids $100 million.
Stoney, I think the consolidation is finally done with this perennial non-mover. Should hold on to any gains now. That was a really good report. They upped guidance again. $19-$20 on the way. DBI >>>> $15.80 I don't know why Mrs. Stoney says the stores are trashy looking. Or was that you? Probably you, always so cynical with VZ's picks. Looks like a Restoration Hardware. Very inviting. DSW growing sales with partners like New Balance, Puma, Reebok DSW’s big-name partnerships are paying off. Columbus-based owner Designer Brands Inc. Thursday reported an 18.% year-over-year net sales increase to $830.5 million in its first quarter. The company also said it is gaining market share in multiple key categories. CEO Roger Rawlins, in a Thursday morning call with stock analysts, highlighted the ongoing success of several key company initiatives, such as its move to focus more business with its top 50 brand partners. Those brands accounted for 57% of Designer Brands (NYSE: DBI) sales in 2019. That's now 77% as customers are responding to tactics highlighting key partners. Rawlins said a shop-in-shop initiative with New Balance increased sales of that brand by 10% and similar efforts with partners like Puma, Crocs and Adidas. Reebok, Skechers and others will happen soon. Sales of the shoe retailer's in-house brands also continue to increase, up 68% versus first quarter 2021, which itself was a 40% increase over the same period in 2020. Rawlins said the business is well on its way to its goal of doubling those sales by 2026. Citing data from market researcher NPD Group, the company said the Vince Camuto brand grew at eight times the rate of the fashion footwear segment overall and is now a top 15 brand in that space. And while online sales continue to grow, shoppers have come back to the physical stores. The retailer saw an 83% increase in store-only shoppers in the quarter. “That’s in the millions of people who’ve come back to us,” Rawlins said. Comparable sales rose 15.3% in the quarter. Net income was $26.2 million, or 34 cents a share. Designer Brands also raised its earnings guidance for the year to between $1.90 and $2 a share. It’s the second time the company has raised its earnings target, which started in January at $1.57 to $1.80 a share. “It’s clear we have risen from every challenge,” Rawlins said.
I want to think so what has me concerned now are these hedge funds posting terrible numbers. Will that lead to withdrawls and thus pressure on hedge fund favorite stocks? Which are many. We are up to 3> Hedge fund D1 Capital Partners is said to have plummeted 22.5% through May. Dan Sundheim's D1 fund fell 4% in May, with stocks falling 13%, while private investments were flat, according to aBloomberg report,which cited people familiar. So for this year, D1’s public market portfolio dropped 44%, while its closely-held companies fell 8%, the people said. The D1 performance comes after Chase Coleman's Tiger Global Management is said to have plunged almost 52% so far this year as it main hedge fund was again hurt in May, when it dropped 14.2%, Bloomberg reported on Tuesday. The hedge fund is also reducing management fees after the steep losses. Last month, multiple media reports said that Melvin Capital, the hedge fund that was pummeled by the GameStop (GME) short squeeze last year, was said to plan to wind down. Melvin, run by Gabe Plotkin, planned to shut down and return cash to investors. D1's Sundheim is scheduled to present at the2022 Sohn Investment Conference for charity on Thursday.
big! Late-Breaking data show Abbott FreeStyle Libre 3 System most accurate 14-day CGM 16:03 ABT Abbott announced late-breaking clinical data that demonstrate the FreeStyle Libre 3 system has an overall mean absolute relative difference of 7.9%,1 making it the first and only 14-day continuous glucose monitoring system to achieve a sub-8% overall MARD. MARD is considered the simplest measurement of sensor accuracy and represents the difference between a CGM system's glucose readings and a reference blood glucose measurement. The lower the MARD, the more accurate the CGM system. The multi-center study evaluated the accuracy of the FreeStyle Libre 3 system in people with type 1 or type 2 diabetes, aged 4 or older, who were on insulin therapy. By age group, MARD values were 7.6% for adults and 8.7% for children ages 6-17. For children aged 4-5 years old, MARD value was 10.1%.
BOX OFFICE RUNNER-UPS:Marvel Studios and Disney's (DIS) "Doctor Strange in the Multiverse of Madness" placed number 2 with $9.3M in its fifth outing for a domestic tally of $388.7M. Behind it was Disney’s “The Bob’s Burgers Movie,” grossing $4.5M from 3,425 locations. DreamWorks Animation and Comcast (CMCSA) subsidiary Universal's "The Bad Guys" placed number 4 with another $3.3M. Rounding out the top five, Downton Abbey sequel, "Downton Abbey: A New Era" earned an estimated $3M from 3,471 theaters. WEEKEND BOX OFFICE: top gun by a mile! “Top Gun: Maverick” - $86M "Doctor Strange in the Multiverse of Madness" – $9.3M “The Bob’s Burgers Movie” - $4.5M "The Bad Guys" - $3.3M "Downton Abbey: A New Era" - $3M
NEW YORK SETS RECORD TAX REVENUE:Governor Kathy Hochul announced that New York's recently launched mobile sports wagering has generated a record-breaking amount of tax revenue in less than six months, surpassing states that have offered sports wagering for years. According to New York State data, the state has generated over $267M from sports wagering since January 2022. Mobile sports wagering accounted for $263M since January 8, and sports wagering at New York's four commercial casinos made up $4.3M of total revenue since July 2019. According to reports, New York has collected more in sports wagering revenue in five months than the total revenue any other state has generated over several years. This includes Pennsylvania, which has collected $253M in sports wagering revenue since November 2018, and New Jersey, which has generated $229M since June 2018. "In less than half a year, New York has become a leader among states in implementing successful gaming policies, with hundreds of millions of dollars going to important programs that will improve the lives of all New Yorkers," Governor Hochul said. "I am committed to upholding responsible and effective gaming policies that will move the industry forward and continue to drive our state's economic growth." New York State Gaming Commission Executive Director Robert Williams said, "These numbers further prove that New York's gaming industry is robust thanks to the implementation of effective gaming regulation and the actions of responsible sports wagering operators. The results — hundreds of millions of dollars in revenue in less than six months of operation — speak for themselves." Assemblymember Gary Pretlow, Committee Chair on Racing and Wagering said, "Back in March I was quoted as saying, 'We are well on the way to being the sports betting capital of the world.' Mobile sports betting is an economic engine for New York. I am ecstatic with the revenue that has been generated for education, youth sports and problem gambling." According to GeoComply, a software firm used by sports books to ensure geolocation requirements, over 2.7M unique player accounts have been created since January, conducting more than 620M transactions. NOT EVERYONE CAN WIN: According to Legal Sports Report's Brad Allen, the tax structure and competition in New York sports betting has been weighing on sportsbooks. Caesars, BetMGM and Bally's (BALY) have all felt impacts from the sky high tax rates in the Empire State. “Yeah, of course they weren’t going to make money,” Shaun Kelley, an analyst at Bank of America, told LSR. “It’s not rocket science on the numbers. Anyone who knew gaming knew they weren’t going to make money.” Despite the haul sportsbooks are sending to the government, New York has already generated the most sports betting tax dollars of any state at around $267M. While there are hopes among some that New York will agree to a lower tax rate in 2023, reportedly some operators are fine with forking up the cash so long as it's less aggressive spending peers are discouraged from the market.
Chinese Solar Company Signs Deal For Panels In Europe Amid Russian sanctions, Europe is desperately looking for energy options to supply domestic needs. China-based JinkoSolar(JKS) — one of the largest solar panel manufacturers in the world — is entering the market, signing its first European Energy Storage Solution (ESS) agreement with Memodo GmbH. In the agreement, Memodo will grant JinkoSolar exclusive rights to the German, Swiss and Austrian markets. JKS stock was up more than 8% May 13 on the news and has continued higher. Its relative strength line is near highs. The stock is forming a messy base, though a handle buy point can be identified at 60.10. JKS is another stock to watch as the market tries to find a bottom.
Did the living frugal contribute to their deaths? Were they driving cheap cars? Did they drink that whiskey down in the DR? Leaving kids money is a funny thing. You know the usual tongue wagging they won't have motivation. I guess that's true but consider my situation.. Grandma in Boston dies with a " generation skipping " will bet you haven't heard of that one. So money is out there-- held out there to tempt to you to live your life differently but you can't quite get at it.... some spill over dividends is all you get for along while- 20 years! IMAGINE WHAT A FREAK THAT WOULD CREATE.