Description MillerKnoll, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names. The company also offers office seating, office furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. As of May 28, 2022, the company operated 70 retail studios including 35 operates under the DWR brand, 7 under the HAY brand, 22 Herman Miller stores, 2 Muuto stores, 3 Knoll stores, and a multi-brand Chicago store. Its products are used in institutional, health/science, and residential and other environments; transportation terminals; and industrial and educational settings. The company markets its products through its sales staff, and independent dealers and retailers, as well as e-commerce websites. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.
CEO of MillerKnoll (MLKN) Andrea Owen purchased 60,606 shares of company stock at $16.88 per share for a total transaction amount of $1,022,963
Yeah I think that'll be a good call in time. UA 54 degrees huh? Don't start drinkin' and pass out in there.
Stoney! Two stocks for this week: JOBY INFY DAL investing in JOBY ($60M) INFY lots of call action going into earnings. WASHINGTON (Reuters) - Delta Air Lines(DAL) said Tuesday it invested $60 million in air taxi startup Joby Aviation(JOBY) for a 2% equity stake, in a partnership that will initially offer passengers air taxi transport to and from airports in New York and Los Angeles. Delta Chief Executive Ed Bastian told reporters the airline will also receive a board seat and the total investment could be increased to as much as $200 million. Airlines and others are looking at developing transport services using battery-powered aircraft that can take off and land vertically to ferry travelers to airports or on short trips between cities, allowing them to beat traffic. The companies plan to integrate a Joby-operated service into Delta's customer-facing channels to provide short-range airport transport, which Bastian said would save passengers time and distraction. Joby has said it plans to launch air taxi service in 2024. Asked if the companies anticipated beginning service by then, Bastian did not commit to a precise date, but said: "We do have a couple years to go in terms of figuring out how to start the journey." Joby in May received its Part 135 Air Carrier Certification from the Federal Aviation Administration, but before it can begin service will need additional regulatory approvals for its electric vertical take-off and landing (eVTOL) aircraft, as well as for building airport infrastructure and so-called "Vertiports" in neighborhoods for takeoffs and landings. Joby CEO JoeBen Bevirt told reporters that routes to and from airports will be the "cornerstone" of Joby's service. The companies declined to say how much the service will cost or how they will split revenue, but Bevirt said a hypothetical trip to New York'sJFK airport could be shrunk from an hour or more to less than 10 minutes by air. The agreement will be mutually exclusive across the United States and UK for five years after its commercial launch, the companies said, and run alongside Joby's standard airport service in priority markets. Several eVTOL startups are backed by major airlines or other large companies in the transporation sector. Toyota Motor has invested $394 million in Joby. Archer Aviation is backed by United Airlines and Stellantis NV, while Vertical Aerospace's investors include American Airlines Inc and Honeywell International. As part of its investment in Vertical, American agreed to pre-order up to 250 aircraft potentially worth $1 billion and to make some pre-delivery payments. American and United in August made a $10 million pre-delivery payment for 100 Archer eVTOL aircraft. Delta does not plan, however, to operate Joby aircraft, Bastian said. He said he hopes at some point the air taxis will be able to land on the tarmac to speed journeys.
ARK’s Cathie Wood Sounds the Used-Car Alarm Again. The Risk Is Still Overstated. By Al Root Oct. 10, 2022 12:29 pm ET Cathie Wood, CEO of ARK Investment Management LLC laughing at Stoney and Van ARK Invest’s Cathie Wood sees a collapse in used-car prices on the horizon. If she’s right, that could mean disaster for auto-finance companies, traditional car makers and dealerships. The good news is that Wood probably isn’t right. The big risk isn’t a complete collapse, but falling prices are likely to create malaise—a persistent headwind that scares investors away from auto stocks. Woods pointed out in a recent tweet that used-car prices are off their peak and “given the accelerated consumer preference shift toward electric vehicles, used car prices and the residual value of all gas powered autos are likely to plummet, causing serious losses in the $1 trillion auto debt market.” Cathie Wood @CathieDWood · Follow Given the accelerated consumer preference shift toward electric vehicles, used car prices and the residual value of all gas powered autos are likely to plummet, causing serious losses in the $1 trillion auto debt market. Used vehicle index is now down on a year over year basis. Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August. The Manheim Used Vehicle Value Index declined to 204.5 and is now down 0.1% from a year ago. Most cars are bought with financing. There is actually closer to $1.5 trillion in automotive-related debt outstanding in the U.S. Banks, specialty lenders, dealers, and auto companies all have a piece of that business. Things have been good lately. Ford Motor (ticker: F), for instance, is generating roughly $1 billion in quarterly operating profit from its lending unit, up from roughly $700 million a quarter generated before pandemic. Auto lender Ally Financial (ALLY) is generating about $600 million to $700 million each quarter from its auto-financing operations, up from roughly $400 million a quarter before the pandemic. Rising car prices are a big reason for the better profitability. A big part of whether or not an auto lender makes money is how much the car is worth at the end of the loan or lease. And car prices are at record levels. Used-car prices are up about 45% from prepandemic levels, according to the popular Manheim Used Vehicle Index. New-car prices are up about 20% from prepandemic levels, according to Federal Reserve data. Used- and new-car prices are probably too high. They shouldn’t collapse, but It will take a while for things to normalize. New- and used-car prices are likely to take the escalator down, not the elevator. Take inventories. New-car inventory on dealer lots is roughly half of what it should be. Low inventories are a sign of tight supply and demand. Inventories are low because of things such as Covid-19 production disruptions and parts shortages. That situation also has auto makers producing only their most-valuable, high-margin, vehicles. Why allocate parts to a model that will make you less money? Inventories, however, will normalize slowly. No one is rushing to overproduce vehicles, especially with interest rates rising. But just because a collapse isn’t coming, that doesn’t mean investors should rush to buy stocks. When things look more normal, car prices should be down. Investors hate falling earnings. Peak profit fear is a big reason car and car-part stocks in the Russell 3000 Index are down about 37% year to date on average, worse than the comparable 24% and 19% respective declines of the S&P 500 and Dow Jones Industrial Average. Investors also fear price volatility. When prices aren’t stable, consumer behavior gets wonky. People rush to buy when prices shoot higher. They don’t want to pay more after waiting for a while. But when prices fall, buyers hit the pause button. Why buy today when prices will be lower tomorrow? For now, pricing volatility is the biggest risk to the sector, not collapse due to EV penetration of new-car sales. There are, very roughly, 250 million vehicles on U.S. roads, maybe 1% are fully electric. It will take a generation before prices of used gasoline-powered vehicles are hurt by excess inventory. What’s more, lenders, for the most part, aren’t dumb. They will adjust residual values of vehicles in the future. Don’t forget, Ford Credit operations only lost money in one year out of the past 20—as far back as Barron’s looked. That was 2008 during the Financial Crisis. Ford Credit was profitable again by 2009.
DICE Therapeutics, Inc. (DICE) NasdaqGM - NasdaqGM Real Time Price. 24.65+1.98(+8.73%) At close: October 10 04:00PM EDT 44.86+20.21(+81.99%) Pre-Market:
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