Van your sale of Abbott is now legendary. Abbott infant formula recall could mean $325M revenue hit - Cowen Feb. 18, 2022 5:16 PM ETAbbott Laboratories (ABT) A recall of certain infant formula powders made by Abbott Laboratories (NYSE:ABT) could cost the company $325M in annual revenue, according to Cowen.
I don't know what to make of this but it's not good. This Maxim brokerage is reckless bringing a 2M float IPO to market. I'm just glad I didn't say no to this if offered which I would of if offered... YIKES! Blue Water Vaccines stock rockets 538% following $20M IPO (Update) Feb. 18, 2022 4:57 PM ETBlue Water Vaccines, Inc. (BWV) Blue Water Vaccines (BWV) stock soared 538% after holding an initial public offering that raised $20M. Shares of the vaccine developer closed at $57.40. The stock was priced at $9 per share and opened at $50, before dipping to $38 and then reaching a high of $57.51.
Why is GBA is so good?- We Are Driven- Morgan Stanley keeps Overweight on Driven Brands, raises price target to $41 10:07 DRVN Morgan Stanley analyst Simeon Gutman raised the firm's price target on Driven Brands to $41 from $39 and keeps an Overweight rating on the shares. The analyst cites the company's "solid" Q4 beat and above consensus 2022 EBITDA guide that keeps compounding growth story on track. No stock in his coverage offers better growth for its valuation than Driven Brands, Gutman said in a research note to investors on Friday.
IB ALERT-) Crocs director Treff acquires 8,100 common shares 17:33 CROX In a regulatory filing, Crocs director Douglas Treff disclosed the purchase of 8,100 common shares of the company on February 17 at a price of $91.4398 per share.
I read today that 47% of the NDQ 1000 is down over 45%. It looks like my stocks are mega-savant! How are the "wilds of CT" btw? Is the house ok? I feel ya on how things always break when you're gone. Never fails. For real. Breaking: GXO is buying some Brit logistics company. VZ gem stock far better than both... EXPD. (found by someone else here in my other thread) Stoney, only I have been saying Putin would back off. True savant level savant. Savant EE2. (that means squared Stoney) Twitter followers are filling my btc wallet. Stick with VZ Stoney! No one better.
GXO Logistics Plans to Buy U.K.’s Clipper for About $1.3 Billion Haulage trucks at a distribution warehouse operated by GXO Logistics near Derby, U.K. Photographer: Chris Ratcliffe/Bloomberg By Kim Bhasin February 20, 2022 GXO Logistics Inc. reached a preliminary agreement to buy Clipper Logistics Plc for about 943 million pounds ($1.28 billion) in a deal that would combine two global supply-chain management giants. Greenwich, Connecticut-based GXO’s offer is currently valued at 920 pence a share for Clipper, with 690 pence in cash and the rest in new GXO shares, the companies said in a statement Sunday. London-based Clipper said its board would unanimously recommend the offer to shareholders.
Hello and congratulations everyone-- Views: 101,700 I am up in Ct watching a show about tow truck drivers. It is a Holiday and the Bear Market is closed. As we parse for ideas these companies must be able to raise prices. It is the consumer as always who will get screwed. New 'Ozark' episodes make a splash atop streaming charts for Netflix... Disney World raises prices for multi-day tickets and Park Hopper Neither of those stocks is cheap but both are raising prices.- Everyone is booking airline tickets for summer travel. -- It is unclear to me who benefits but Uber will. A more controversial idea is Clear Secure -YOU- YOUClear Secure, Inc. $27.34- Just to get your feet wet..... These stocks will go up next week NFLX-- DIS-- UBER-- YOU--
McDonald's says Icahn nominated two board candidates amid animal welfare fight I like Icahn he used to live near my Mom in Bedford. There is a REALLY good CNBC documentary on Icahn I recommend you watch it. This is probably the best thing CNBC has ever put together props to the director.
GXO Logistics was spun off from XPO Logistics(NYSE:XPO)in August and a Clipper acquisition would mark first the major deal for since the spinoff. GXO’s global blue-chip customers include Apple, Nike, Nestlé and Whirlpool, along with high-growth companies in e-commerce and other key sectors, including apparel, technology, food and beverage and consumer electronics. “This potential acquisition would enhance GXO’s position as a successful pure-play logistics leader," GXO’s Chief Executive Officer Malcolm Wilson said. "We believe the combination would offer significant value creation for the stakeholders of both companies.” GXO has received irrevocable undertakings to vote in favor of an offer (and to elect to receive 50 per cent of their consideration in shares) from the he holders of 23.9M Clipper shares, representing about 23% of Clipper’s issued share capital, including from Steve Parkin, Executive Chairman, Tony Mannix, CEO, and David Hodkin, CFO. Last week, GXO Logistics Non-GAAP EPS of $0.73 beats by $0.20, revenue of $2.26B beats by $210M. Now that all sounds very good but what of the the other co? (XPO). In this case, the company just completed the spin-off of its logistics segment, which is now trading independently as GXO Logistics(GXO). XPO is now focussing on less-than-truckload ("LTL") transportation and truck brokerage. While this is a very competitive industry, the company is dominating this space. The New XPO Logistics After the GXO spin-off, XPO Logistics is a company focussed on less-than-truckload and truck brokerage. The company is the third-largest provider of LTL transportation in North America and the world's second-largest truck broker. The company is also leading in Europe, France, the United Kingdom, Spain, and Portugal. In LTL, the company has an 8% market share, which is huge. This industry is highly fragmented and very competitive as a result of the fragmentation and because entry barriers are relatively low. However, while entry barriers are low, surviving and actually becoming a trusted long-term partner of customers is hard. That's why XPO is heavily investing in technology. Thanks to its 291 terminals in North America, the company covers 99% of all U.S. zip codes and all major economic areas of Canada. Since 2015, the company's LTL adjusted operating margin has risen from 7% to 17% as a result of technology investments. This includes dynamic routing with real-time digital visibility, automated load-building for higher utilization, data-driven pricing, and analytics to optimize the scheduling of dockworkers and drivers. In other words, the company optimized all operations that improve total efficiencies. In the end, that's what it's all about. Equipment and labor are very expensive. Companies who are able to generate an edge in improving margins will, eventually, gain long-term market share. In addition to that, and this is important in the current inflationary environment, the company has pricing power. In 2015, the company grossed $16.48 per hundredweight (excluding fuel surcharges). This is now $19.03, which implies 2.1% per year. That's more or less in line with pre-pandemic inflation rates. Moreover, the fact that XPO engages in LTL instead of long-haul makes it easier to find qualified employees as drivers tend to prefer shorter distances. In the company's 2Q21 earnings call, the word "shortage" was used just once. The company also showed how it operates in a tight labor market, which I think is an incredible bonus in this industry....
The U.S. Department of Defense plans toincrease the stockpile of rare earth minerals, cobalt and lithium it manages, in aneffort to reduce the country's long-term dependence on China, Reuters reports. The new stockpile guidance reportedly could be announced as soon as next week, nearly a year after President Biden issued an executive order to study U.S. supply chain resiliency. Lithium, used to make electric vehicle batteries, will be vital to the Pentagon's goal of shifting its fleet of 170K non-tactical vehicles to zero emissions, according to the report. The U.S. currently has only one rare earths mine - the Mountain Pass mine in California - and no capability to process rare earth minerals. Potentially relevant tickers include MP,TROX,ALB,LAC,SLI,LTHM Index-> VanEck Vectors Rare Earth/Strategic Metals ETF(NYSEARCA:REMX), GUMMY OF THE WEEK- TROX $21.22 WHY ? Tronox price target raised to $27 from $25 at Barclays 06:53 TROX Barclays analyst Duffy Fischer raised the firm's price target on Tronox to $27 from $25 and keeps an Overweight rating on the shares post the Q4 results. The analyst says the company could generate more than half its market cap in free cash flow over the next four years. LAST WED EARN- Tronox reports Q4 adjusted EPS 53c, consensus 58c 16:32 TROX Reports Q4 revenue $884M, consensus $859.47M. Tronox sees FY22 adjusted EPS $3.08-$3.59, consensus $2.86 16:33 TROX Sees FY22 free cash flow over $400M. Board intends to increase the annualized dividend to 50c per share from 40c per share beginning in the first quarter of 2022. Tronox price target raised to $30 from $28 at Fermium Research 15:52 TROX Fermium Research analyst Frank Mitsch raised the firm's price target on Tronox to $30 from $28 and keeps a Buy rating on the shares as he is increasing his 2022 EPS and EBITDA estimates after the company reported Q4 results and gave Q1 guidance. The company experienced higher cost of goods that impacted both Q4 and Q1 of FY22, but it is already seeing favorable costs in Q1-to-date that will provide tailwinds in Q2 and beyond, Mitsch said.