Julia Vinograd http://juliavinograd.com/ Fri, 26 Nov 2021 06:26:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://juliavinograd.com/wp-content/uploads/2021/04/cropped-hh-32x32.png Julia Vinograd http://juliavinograd.com/ 32 32 Big Lots (BIG) set to publish their winnings on Friday https://juliavinograd.com/big-lots-big-set-to-publish-their-winnings-on-friday/ Fri, 26 Nov 2021 06:04:13 +0000 https://juliavinograd.com/big-lots-big-set-to-publish-their-winnings-on-friday/

Big Lots (NYSE: BIG) is expected to release its quarterly results before market opens on Friday, December 3. Analysts expect the company to report earnings of ($ 0.14) per share for the quarter. Those interested in participating in the business results conference call can do so by using this link.

Big Lots (NYSE: BIG) last announced its results on Thursday, August 26. The company reported earnings per share of $ 1.09 for the quarter, missing the Thomson Reuters consensus estimate of $ 1.12 ($ 0.03). Big Lots had a net margin of 4.20% and a return on equity of 21.00%. The company posted revenue of $ 1.46 billion for the quarter, compared to a consensus estimate of $ 1.48 billion. During the same period of the previous year, the company earned $ 2.75 per share. The company’s quarterly revenue is down 11.4% from the same quarter last year. On average, analysts expect Big Lots to post EPS of $ 6 for the current fiscal year and EPS of $ 6 for the next fiscal year.

Actions of NYSE BIG opened for $ 44.88 on Friday. Big Lots has a twelve month low of $ 41.76 and a twelve month high of $ 73.23. The company has a 50-day moving average of $ 46.76 and a two-hundred-day moving average of $ 55.38. The company has a market cap of $ 1.46 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.74, and a beta of 2.23.

Big Lots announced that its board of directors approved a share buyback program on Friday, August 27 that allows the company to repurchase $ 500.00 million of outstanding shares. This buyback authorization allows the company to buy up to 29.8% of its shares through market purchases. Share buyback programs are often a sign that the board of directors of the company feels that its shares are undervalued.

A number of analysts have weighed in on BIG stocks recently. Loop Capital lowered its target price on Big Lots shares from $ 60.00 to $ 50.00 and set a “hold” rating for the company in a report released on Monday, August 30. Bank of America reduced its jackpot price target from $ 50.00 to $ 45.00 and established an “underperformance” rating for the company in a research note on Monday, August 30. JPMorgan Chase & Co. reduced its target price on jackpots from $ 71.00 to $ 54.00 and set the stock “neutral” rating in a research report published on Tuesday, September 7. Piper Sandler downgraded Big Lots from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $ 60.00 to $ 50.00 in a research report published on Tuesday, September 21. Finally, Deutsche Bank Aktiengesellschaft lowered its jackpot price target from $ 63.00 to $ 53.00 and set a “hold” rating on the stock in a report released on Monday, August 30. Two equity research analysts rated the stock with a sell rating and seven gave the company’s stock a conservation rating. According to MarketBeat.com, the company has an average “Hold” rating and an average target price of $ 53.00.

Several hedge funds have recently changed their holdings to BIG. Morgan Stanley increased its stake in Big Lots by 137.7% in the 2nd quarter. Morgan Stanley now owns 588,818 shares of the company valued at $ 38,867,000 after acquiring 341,116 additional shares during the last quarter. LPL Financial LLC increased its stake in Big Lots shares by 30.3% in the 3rd quarter. LPL Financial LLC now owns 19,571 shares of the company valued at $ 849,000 after purchasing an additional 4,551 shares during the period. Finally, the Royal Bank of Canada increased its position in Big Lots shares by 21.5% in the third quarter. Royal Bank of Canada now owns 6,834 shares of the company valued at $ 295,000 after purchasing an additional 1,211 shares in the last quarter. Institutional investors and hedge funds hold 99.79% of the shares of the company.

Big Lots Company Profile

Big Lots, Inc. engages in the operation of retail stores. It operates through the retail segment which includes merchandising categories such as furniture, seasonal products, sweet home, food, consumables, hard home and electronics, toys and accessories. The company was founded by Sol A. Shenk in 1967 and is headquartered in Columbus, OH.

See also: quantitative easing

Winning History for Jackpots (NYSE: BIG)

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Deeper economic slump in Mexico puts pressure on central bank https://juliavinograd.com/deeper-economic-slump-in-mexico-puts-pressure-on-central-bank/ Thu, 25 Nov 2021 14:03:00 +0000 https://juliavinograd.com/deeper-economic-slump-in-mexico-puts-pressure-on-central-bank/

Nov. 25 (Reuters) – Mexico’s economy contracted 0.4% in the third quarter, shrinking twice as much as previously thought and making the central bank’s job harder as it juggles record inflation, a weak peso and changes in direction.

The number released Thursday by the official statistics agency INEGI was an adjustment from previously released preliminary data which showed a smaller contraction of 0.2% in the quarter. A Reuters poll predicted final data would show a 0.3% drop in activity. Read more

A contraction of nearly 1% in tertiary activity, which includes services and transport, led to the decline, according to data from INEGI.

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Service sector activity slowed over the summer due to a resurgence of the coronavirus as disruptions in the global supply chain weighed on a recovery in the manufacturing sector, especially in auto manufacturing. Read more

Secondary activity, which includes factories, increased 0.3%, less than the 0.7% impression of preliminary data.

The deeper impact of growth could appease calls for the Banco de Mexico, the country’s central bank, to act faster to control inflation with a larger interest rate hike at its next policy meeting in December.

Mexico’s central bank has a unique mandate, to fight inflation, but often mentions economic growth in its policy meeting notes. The bank is also grappling with uncertainty over its next governor after President Lopez Obrador dropped his top pick and picked a lesser-known economist instead.

Banxico has tightened rates slowly but steadily in recent months in a heretofore unsuccessful fight against the pace of rising prices, which hit a 20-year record during the first half of November.

The Mexican peso is another consideration for the bank and was at its weakest against the dollar since February on Wednesday.

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Reporting by Miguel Angel Gutierrez, Ricardo Figueroa and Marion Giraldo; Writing by Frank Jack Daniel; Editing by Kirsten Donovan

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FCC Validates SES Phase I Band C Accelerated Compensation and Relocation Certification https://juliavinograd.com/fcc-validates-ses-phase-i-band-c-accelerated-compensation-and-relocation-certification/ Thu, 25 Nov 2021 05:44:25 +0000 https://juliavinograd.com/fcc-validates-ses-phase-i-band-c-accelerated-compensation-and-relocation-certification/ Luxembourg:

SES, the Global Leader in Content Connectivity Solutions, Announces that the United States Federal Communications Commission (FCC) Has Validated the Certification of SES Phase I Accelerated C-Band Clearing and Relocation Activities, a Critical Milestone to help meet the Commission’s goals of rapidly deploying 5G services across the United States.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211124006147/en/

FCC Validates SES Phase I C-Band Accelerated Clearance and Relocation Certification (Photo: Business Wire)

With the help of trusted partners across the United States, SES has completed all necessary Phase I customs clearance and relocation activities. These activities included the relocation of all of its existing services that are received by the stations. incumbent earth stations in the 3700-3820 MHz band exclusively in the contiguous United States and making the necessary equipment changes at all associated incumbent earth stations. SES has also modified its telemetry, tracking and control (TT&C) operations to operate above 4000 MHz and consolidated gateway services below 3820 MHz to two earth stations located in Hawley, PA and Brewster, WA .

Pursuant to the FCC report and order published in the Federal Register on April 23, 2020, SES has met the Phase I relocation requirements prior to the first expedited relocation deadline of December 5, 2021, making it eligible for the first expedited relocation payment valued at nearly $ 1 billion. SES expects this payment to be made in the first quarter of 2022.

SES remains on track to free up 280 MHz of spectrum to accelerate the rollout of 5G services in the United States and is now focused on completing transition activities to meet the Phase II deadline of December 5, 2023 Successful completion of Phase II activities before this deadline qualifies SES for another $ 3 billion expedited relocation payment.

“We are delighted to have met the ambitious FCC Phase I expedited clearance and relocation deadline. Over the past two years, we have worked tirelessly to quickly erase the specter while ensuring a careful transition of our clients’ services, and we are incredibly proud of what we have accomplished. It was a great company, and our success reinforces our confidence in our ability to meet the FCC Phase II deadline of 2023, ”said Steve Collar, CEO of SES.

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About SES

SES has a bold vision to deliver incredible experiences anywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As a leader in global content connectivity solutions, SES operates the world’s only constellation of multi-orbital satellites offering a unique combination of global coverage and high performance, including low latency and low latency O3b. By leveraging a large and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner of leading companies in telecommunications, mobile network operators, governments of the world. , cloud and connectivity service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,500 channels and has an unmatched reach of 361 million homes, providing managed multimedia services for both linear and non-linear content. The company is listed on the Paris and Luxembourg stock exchanges (Ticker: SESG). More information is available at: www.ses.com.

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Black Owned Bos Opens Pop-Up Holiday Shop to Support Small Businesses https://juliavinograd.com/black-owned-bos-opens-pop-up-holiday-shop-to-support-small-businesses/ Wed, 24 Nov 2021 21:23:33 +0000 https://juliavinograd.com/black-owned-bos-opens-pop-up-holiday-shop-to-support-small-businesses/

For Roxbury resident Jae’da Turner, the holiday season doesn’t start the day after Thanksgiving, or the night Mariah Carey’s Christmas hymn makes it inevitable to hit the charts again. It’s on the front of his mind year round, especially when it comes to small businesses. Turner, Founder and CEO of Bos owned by blacks – a consultancy and directory agency that sets up platforms for black-owned businesses across the region – knows entrepreneurs need to prepare long before the air cools.

To help small business owners this year, she’s piloting the Holiday Bos Shop, which offers around 30 brands under one store roof in Back Bay. It opens on Black Friday and will run until December 24. “What better way to pilot it during the holiday season, where people buy the most, to test this concept and potentially pursue this guy on a permanent basis?” Turner said.

Black Owned Bos is not a physical place, a showcase with a permanent light in which you waltz. Rather, it is a digital directory that also transits into the real world through projects like the vacation store, infusing its spiritual essence with bodily form (to the extent that brick and mortar constitutes “bodily”).

It is still a young platform. Turner takes her origins from an Instagram profile that a friend shared with her; the one that featured two friends exploring New York’s Brooklyn neighborhood through its small business ecosystem. And while she isn’t what you would call an influencer or blogger in the traditional sense, she has found a way to make her mark on the local business scene. Turner has an intense love for his hometown of Boston, asked him, “How can I create a platform to highlight a lot of businesses that I sponsor myself? ”

And so a kind of capitalist symbiosis emerged. In this relationship, a business would be introduced to a new audience or new customer base on social media. But with each additional business listed in the directory, the platform continues to develop into a digital space that, according to Turner, “can create a sort of mainstream pop culture sentiment around black-owned businesses, connecting them. to a larger community. “

Black Owned Bos was growing steadily in the spring of 2019. But then came 2020 and a readjustment of expectations and social interactions. As the pandemic raged, Turner noticed a gap between major players and small businesses. While consumers could walk into a big box store and browse clothing and other non-essential items, small businesses were limiting their hours or closing, and farmers’ markets were regularly canceled. She therefore began to explore the prospects of an outdoor market to promote companies and their products, in a controlled manner, while respecting public health interests.

This first year of the pandemic has also been marked by widespread civil unrest and protests, in which a rightly unleashed black underclass was suddenly joined on the streets, to some extent, by a seemingly well-meaning White America. . But as suddenly as this enthusiasm arose, it dissipated. While this came as a shock to some, others almost expected it, Turner included. And this anticipation affected the deployment of his project. In the weeks following George Floyd’s murder, his page grew from 3,000 to over 10,000 subscribers, and it’s not hard to see how – people wanted to contribute to the movement, and, as l ‘said Turner’ What better way do people have agency than where they put their money? As demand increased for a more formal directory of black-owned businesses, Turner was careful not to rush anything for the public.

“I knew this moment would be fleeting in some ways,” she said. Rather than reacting to the demands of a arguably “performatively awakened” moment, she released something that could last beyond the zeitgeist. “I wanted to publish a list in a way that made sense,” she recalls. “Don’t rush something just because people ask for it.”

While Black Owned Bos largely operates in the digital space, the vacation store is not its first foray into the streets. The first objective is the Bow Market Incubator, a four week program where Black Owned Bos accompanies a small business in setting up a store in a physical location – remember, run a business online and do it in a place are different managerial experiences. The cornerstone of the incubation project is a pop-up store. There are also private markets, where a company will represent itself at a private event (the day I interviewed Turner for this story, she had recently completed an employee vacation market hosted in an individual’s office. who visited a Black Owned Bos event and requested private service).

As the holidays weigh on our wallets, plans and general arrangements, so do supply chain conversations. Such discussions are inevitable for Turner, given the long-term planning of vacation sales. While consumers can get a general idea of ​​how supply chain issues might work for a large retailer and recognize that supply chain issues can have a huge impact on small businesses, questions may remain. exactly on How? ‘Or’ What they affect the latter. Turner said imagine a small business that sells body butter. Imagine that you were using a particular container to pack it, and each of those containers had a specific label corresponding to it. These are the product intended for the audience – visible in marketing photography, for example – and the products that customers would expect. But at this point, suppliers can prioritize companies that buy containers in bulk, and if you don’t pay for 10,000 containers up front, then you’re at the end of the line. And even if you could make this purchase, many small businesses are run outside the home, which introduces storage complications. Now you need to switch to a different container than what customers expect, which creates a customer service issue.

Despite these complications, Turner still sees his project as important to the economic health of black America and one that has the potential to help close the racial wealth gap. “Creating a space for people to connect outside of their immediate community is super powerful,” she said, “because once you walk into these shopping districts with your products… it opens up opportunities. “

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Wall Street expected to see mixed data and retail earnings https://juliavinograd.com/wall-street-expected-to-see-mixed-data-and-retail-earnings/ Wed, 24 Nov 2021 14:37:00 +0000 https://juliavinograd.com/wall-street-expected-to-see-mixed-data-and-retail-earnings/

A Wall Street sign is visible in front of the New York Stock Exchange (NYSE) in New York, New York, United States on July 19, 2021. REUTERS / Andrew Kelly

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  • Nordstrom and Gap’s earnings do not bode well for the retail industry
  • Banks plunge after recent rally
  • Falling Futures: Dow 0.53%, S&P 0.53%, Nasdaq 0.74%

Nov. 24 (Reuters) – Wall Street indices were expected to fall on Wednesday as mixed economic data and disappointing retail earnings kept investors on the alert ahead of the Thanksgiving holiday.

Data showed weekly jobless claims fell and third-quarter GDP growth was revised up, but other readings showed consumers paid much higher prices for goods in the third. quarter, as inflation continued to rise. Read more

Department store operator Nordstrom Inc (JWN.N) and clothing retailer Gap Inc (GPS.N) plunged 25.8% and 20.2% respectively in pre-market trading after the two put in guard against supply chain issues and rising costs as the crucial holiday season approaches. Read more

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They set a somber tone for the retail industry ahead of Thanksgiving weekend, which kicks off the shopping-packed holiday season in the United States. Other retail stocks, including Macy’s Inc (MN) and Kohl’s Corp (KSS.N), also fell.

“The problem is that expectations are high for a very strong and robust holiday shopping season for retailers, nothing less than that will be a disappointment,” said Ken Mahoney, CEO of Mahoney Asset Management.

Emphasis is also placed on the minutes of the Federal Reserve’s November 2-3 meeting, scheduled for later today, to get clues as to the pace at which the central bank intends to scale back measures. relaunch of the COVID era amid rising inflation. Fed officials agreed at the meeting to start cutting monthly asset purchases.

Personal consumption data for October, a key metric monitored by the Fed to gauge the strength of consumer spending, is due at 10:00 a.m.ET (3:00 p.m. GMT).

“A lot of Fed governors talk to themselves, but (in) the minutes you can kind of see where the majority is and that’s the concern about inflation,” Mahoney said.

Most of Wall Street’s major lenders also slipped after recovering this week in hopes of higher interest rates. Bank of America (BAC.N) and JPMorgan & Chase (JPM.N) led losses, falling 0.4% and 0.6% respectively.

The appointment of Jerome Powell for a second term as Federal Reserve chairman has boosted expectations of an early tightening of monetary policy and supported Treasury yields.

Rising interest rates have prompted investors to pull out of tech stocks as they discount the industry’s future earnings. The Nasdaq index (.IXIC) has slipped 1.8% so far this week.

Tech majors, including Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O), lost about 0.5% each on Wednesday.

Low trading volumes this week ahead of Thursday’s stock market holiday and a shortened session on Friday kept volatility high. The S&P 500 (.SPX) settled a little higher on Tuesday after registering large swings throughout the day.

As of 8:51 am ET, Dow e-minis were down 189 points, or 0.53%. S&P 500 e-minis were down 25 points, or 0.53%, and Nasdaq 100 e-minis were down 121 points, or 0.74%.

Among other pre-market players, Tesla Inc (TSLA.O) fell 2.6% after CEO Elon Musk sold an additional 934,091 shares of the electric vehicle maker worth $ 1.05 billion after exercising options to buy 2.15 million shares. Read more

Shares of PC makers HP Inc (HPQ.N) and Dell Technologies (DELL.N) jumped 4.1% and 1.5%, respectively, after posting more than four times their quarterly profits in a context of growing demand for personal computers. Read more

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Report by Ambar Warrick in Bangalore; Editing by Maju Samuel

Our standards: Thomson Reuters Trust Principles.

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Heavy rains cause massive damage to farmers in Karnataka https://juliavinograd.com/heavy-rains-cause-massive-damage-to-farmers-in-karnataka/ Tue, 23 Nov 2021 13:08:00 +0000 https://juliavinograd.com/heavy-rains-cause-massive-damage-to-farmers-in-karnataka/

Heavy and relentless rains have caused extensive damage to growing and harvested agricultural and horticultural crops in Karnataka. The rains damaged crops of jowar in northern Karnataka and ragi in the southern districts of the state.

Jowar is the staple food of northern Karnataka, while ragi is the staple food of people in southern districts.

Heavy rains in Karnataka since September have caused the loss of agricultural crops on five lakh hectares of the state. Horticultural crop losses were assessed for 30,114 hectares.

In Chikkaballapur district, known for its horticultural products, up to 3,000 hectares of vines and other horticultural products worth an estimated Rs 50 crore have been destroyed. Farmers will now have to wait another month and a half to harvest the fruits and vegetables.

Read also | Karnataka CM Basavaraj Bommai calls on districts to remain vigilant as more rains are likely

An estimated 60,000 hectares of crops, including 25,000 hectares of Ragi crops and hundreds of acres of rose farms in Chikkaballapur, have been destroyed.

Agriculture department officials at all levels have been tasked with engaging in investigating crop losses.

It is estimated that crops on 3.43 lakh hectares have been affected due to relentless rains in August and September affecting 1.5 lakh farmers. As the heavy rains continued throughout November, the damage to the farming community is immense.

Rs 130 crore has been released to farmers so far by the government of Karnataka. Compensation for 79,000 farmers is pending and Chief Minister Basavaraj Bommai has ordered the release of Rs 79 crore in order to clear compensation owed to the beaten farmers.

The agents were tasked with taking action and ensuring the prompt disbursement of the crop loss insurance amount by the insurance companies to the farmers. Chief Minister Bommai also gave instructions to start repairing the irrigation reservoirs on the war footing.

According to the government assessment, the districts of Bengaluru Urban, Bengaluru Rural, Tumakuru, Kolar, Chikkaballapur, Ramanagar, Hassan suffered significant damage due to the rains.

Farmers in the south and coast of Karnataka pray to the rain gods that their nut crops will be spared from the heavy downpours.

Farmers have also lost their homes due to the rains. Sources said the preliminary damage report said 658 houses were completely damaged and 8,495 houses were partially damaged. It also resulted in the deaths of 191 head of cattle.

An amount of Rs 689 crore has been made available to district commissioners under the National Disaster Relief Fund (NDRF) to meet the immediate needs of people and areas affected by rain. Chief Minister Bommai ensured the allocation of more funds if necessary. An action for the immediate release of Rs 1 lakh as the first aid payment for those who have lost their homes has been launched.

Koppal District, known as the State Rice Bowl, has seen the total destruction of the rice fields. Paddy harvested and stored in open fields also perished. Farmers in Karatagi and Gangavathi taluks in the district known for growing rice are now seeking government assistance.

The farming community is in despair as the crops were destroyed at a time when the formation of the rice kernels was complete and was ready to be harvested.

Wheat, jowar, tobacco, Bengal grams and sugar cane were destroyed in the Khanapur, Chikkodi, Nippani and Bailhongal areas of Belagavi district.

The chilli and onion crops were destroyed by the rains in Gadag, Chitradurga and the surrounding districts of central Karnataka.

The coffee crop in the hilly districts of Kodagu and Chikkamagalur is also damaged.

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The Global Walkie Talkie Market is expected to experience steady growth: https://juliavinograd.com/the-global-walkie-talkie-market-is-expected-to-experience-steady-growth/ Tue, 23 Nov 2021 04:00:00 +0000 https://juliavinograd.com/the-global-walkie-talkie-market-is-expected-to-experience-steady-growth/

Noida, November 23, 2021 (GLOBE NEWSWIRE) – The growing number of industrial and construction projects across the world has demonstrated a growing demand for more efficient but cost-effective communication alternatives, which has led to the growing adoption of walkie-talkies. Along with this, the upcoming in-person events are driving the demand for walkie talkies as a tool to maintain security protocols, which is expected to become the driving force of the global walkie talkie market in the years to come….

A study recently carried out by the strategic consulting and market research firm BlueWeave Consulting, revealed that the global walkie talkie market is worth USD 3.3 billion in 2020. According to the study, the market is expected to grow at a CAGR of 8.6%, generating revenue of approximately USD 5.9 billion from by the end of 2027. Factors attributable to the growth of walkie talkie market include the growing number of criminal activity in residential and commercial areas, the growing budget for security equipment in residential companies, and the growing user-friendly approach to the walkie-talkie. These factors have contributed to the increased use of walkie talkies.

In addition, due to geopolitical tensions in many countries, the budget for military equipment has increased in recent years, which has led to the research and development of high-performance, more reliable and signal-friendly walkie-talkies in the event disaster or terrorist attack. These are the major factors accelerating the growth of the global walkie talkie market.

Rising industrialization rate is boosting the growth of the global walkie talkie market

The rapid rate of industrialization has become a major factor contributing to the growth of the global walkie talkie market. With some of the larger projects on hold to establish their respective demand for walkie-talkies, the United States has embarked on a building frenzy. Amazon’s distribution center in Detroit (with 3.8 million square feet of space costing around $ 400), logistics hub at I-95, Delaware, are among the largest industrial and logistics projects that have started in 2021. Since walkie-talkies are a much cheaper alternative and equally effective replacement for a mobile phone, these devices prove to be excellent communication devices at such sites. Some of the largest industrial and logistics projects that started in 2021 are the Amazon fulfillment center in Detroit (with 3.8 million square feet of space costing around $ 400) and the logistics hub near I-95 in Delaware. Because walkie talkies are a much cheaper and just as effective alternative to a mobile phone, they make ideal communication devices in such places. This helps to minimize the operational expenses of the organization and allow them to reallocate that money to another project. As a result, large construction operations in deserted places increase the demand for such communication devices, favorably contributing to the growth of the global walkie talkie market.

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Growing number of cultural and sporting events around the world fueling demand for walkie-talkies

The global walkie talkie market is also fueled by the growing number of cultural and sporting events taking place around the world. In light of the growing number of cultural events such as the Dubai Expo 2020, the Winter Olympics, the Super Bowl and others, a survey of 550 event planners found that 80% of between them were eager to launch an event in person in the years to come. . Such events are expected to increase the demand for walkie talkies in order to maintain the security measures of the event leading to an increase in the demand for walkie talkies in the global walkie talkie market.

Impact of COVID-19 in industry

The sudden outbreak of the COVID-19 pandemic has negatively impacted the growth of the global walkie talkie industry. Key industries engaged in the production and manufacture of components essential for the production of the walkie talkie have ceased operations, stopping the manufacture of walkie talkies. As a result, the supply of the global walkie talkie market has also been affected. Supply lines have also been disrupted, preventing current demand from being met, resulting in significant losses for manufacturers. In addition, residential and commercial construction projects have been halted due to the increase in COVID-19 cases, which has had a significant impact on the demand of the global walkie talkie market.

An influx of COVID-19 cases has hampered the ability of hospital authorities to maintain decorum, leading to a growing demand for walkie talkies to communicate with walkie talkies, leading to growth prospects for the global walkie talkie market.

The offline segment occupies the largest part of global walkie talkie market

Depending on the distribution channels, the global walkie talkie market is grouped into online channels and offline channels. The offline channels segment has accounted for the highest market share in the global walkie talkie market. Since walkie talkies are a security tool, the market for these tools is much more regulated than other markets. As a result, these products are usually easily found in B2B sales and distribution channels. On top of that, many walkie talkies have a strict mandate, which end users must follow. For example, if a walkie-talkie is labeled “FRS / GMRS”, the user may need to receive a valid FCC license to operate the radio device. However, if it is tagged as Family Radio Service (FRS), the user is free to use the channels. So, end users generally prefer offline distribution mode in the global walkie talkie market.

North America The global walkie talkie market is expected to experience significant growth during the forecast period

Based on regions, the global walkie talkie market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa. Among these regions, the North American region holds the largest share of the global walkie talkie market. The growing number of radio walkie talkie manufacturers, upcoming live events, increasing criminal activity, large industrial projects, advancements in walkie talkie technologies amid the advent of IoT, and among others are some of the main reasons behind the demand for walkie talkies in the region. Ease of use along with flexible licensing requirements for radio walkie talkies has enabled the region to acquire a much larger share of the global walkie talkie market.

Global Walkie Talkie Market – Competitive Landscape
The major players in the global walkie talkie market are Entel Group HongkongRetevis Trade Co., Ltd., Icom Inc., Hytera Communications Corporation Limited, JVCKenwood USA Corporation, Motorola Solution, Inc., Kirisun Communication Co., Ltd., Shenzhen HQT Science & Technology Co., Ltd., Uniden Holdings Corporation, Tait Communications, Yaesu USA, Cobra Electronics, Garmin Ltd., Fujian Baofeng Electronics Co., Ltd., DEWALT, Craftsman and other leading manufacturers. The global walkie talkie market is moderately consolidated, as some players in the global walkie talkie market hold a larger share and influence the overall price of the walkie talkie products. As a result, it is difficult for new entrants to gain a larger share of the market. However, some players are eager to enter into agreements and collaborations to increase their share in the global walkie talkie market.

In August 2021, Motorola Solutions Inc. has announced the launch of APX NEXT ™ for Brazilian users. The next generation strategic Project 25 (P25) happens to be a public safety radio that offers touch screen functionality with a simplified user interface for public safety. The device can be used in bad weather as long as the customer is wearing gloves, which allows for faster navigation.

Do not miss the business opportunity of the global Walkie Talkie market. Consult with our analysts to gain critical insight and help grow your business.

The in-depth analysis of the report provides insights into the growth potential, upcoming trends, and statistics of the global Walkie Talkies market. It also highlights the factors that determine the forecast of the total market size. The report promises to provide recent technology trends in the global Walkie Talkie market and industry insights to help policymakers make sound strategic decisions. In addition, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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Central Garden & Pet (NASDAQ: CENT) Releases Fiscal Year 2022 Revenue Forecast https://juliavinograd.com/central-garden-pet-nasdaq-cent-releases-fiscal-year-2022-revenue-forecast/ Mon, 22 Nov 2021 22:18:13 +0000 https://juliavinograd.com/central-garden-pet-nasdaq-cent-releases-fiscal-year-2022-revenue-forecast/

Central Garden & Pet (NASDAQ: CENT) released an update on its earnings guidance for fiscal 2022 on Monday morning. The company provided EPS guidance of $ 3,100 to $ 3,100 for the period, compared to the Thomson Reuters consensus EPS estimate of $ 3,080. The company has released a revenue forecast of -.

CENT traded up $ 1.68 on Monday, reaching $ 55.21. 3,200 shares of the company were traded, for an average volume of 73,272. The company’s 50-day moving average is $ 50.29 and its 200-day moving average is $ 51.19. The company has a market cap of $ 3.08 billion, a price-to-earnings ratio of 16.62 and a beta of 0.55. Central Garden & Pet has a twelve month low of $ 36.53 and a twelve month high of $ 62.91. The company has a debt ratio of 0.95, a rapid ratio of 2.07, and a current ratio of 3.29.

In other Central Garden & Pet news, insider John D. Walker III sold 4,500 shares in a trade that took place on Friday, August 27. The shares were sold at an average price of $ 42.30, for a total value of $ 190,350.00. After the sale closes, the insider now owns 97,272 shares of the company, valued at $ 4,114,605.60. The sale was disclosed in a file with the Securities & Exchange Commission, accessible via this hyperlink. 10.75% of the shares are held by insiders of the company.

A number of institutional investors and hedge funds have recently changed their positions in the stock. Royal Bank of Canada increased its stake in Central Garden & Pet by 2.7% during the third quarter. Royal Bank of Canada now owns 15,760 shares of the company valued at $ 757,000 after purchasing 421 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Central Garden & Pet by 145.2% during the third quarter. BNP Paribas Arbitrage SA now owns 10,505 shares of the company valued at $ 504,000 after purchasing an additional 6,221 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Central Garden & Pet by 7.0% during the third quarter. Bank of New York Mellon Corp now owns 107,412 shares of the company valued at $ 5,156,000 after purchasing an additional 7,065 shares in the last quarter. Finally, Morgan Stanley increased its stake in Central Garden & Pet by 34.5% during the second quarter. Morgan Stanley now owns 35,970 shares of the company valued at $ 1,903,000 after purchasing an additional 9,219 shares in the last quarter. Hedge funds and other institutional investors hold 18.23% of the company’s shares.

Central Garden & Pet Company Profile

Central Garden & Pet Co is an innovator, producer and distributor of branded and private label products for the lawn & garden and pet supply markets in the United States. Founded initially as a distribution company, it has grown its business through a succession of more than 50 acquisitions and has created a large portfolio that allows for economies of scale and business advantages.

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Historical & Revenue Estimates for Central Garden & Pet (NASDAQ: CENT)

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Booming Saudi economy, tourism projects, good news for job creation – Middle East & Gulf News https://juliavinograd.com/booming-saudi-economy-tourism-projects-good-news-for-job-creation-middle-east-gulf-news/ Mon, 22 Nov 2021 06:00:04 +0000 https://juliavinograd.com/booming-saudi-economy-tourism-projects-good-news-for-job-creation-middle-east-gulf-news/

Saudi Arabia’s economy grew at its fastest pace in nearly a decade in the third quarter, boosted by rising oil prices, according to preliminary government estimates Bloomberg used for its report.

Saudi GDP grew 6.8% versus QoQ, the General Statistics Authority recently said, its fastest pace since 2012, when oil prices averaged $ 122 a barrel.

The kingdom’s oil sector grew 9% year-on-year, while the non-oil economy grew 6.2%.

Officials expect the 2022 budget deficit to narrow to around 1.6% of economic output on the back of higher expected incomes as oil prices recover.

The International Monetary Fund expects Saudi economic growth to average 2.8% this year, after contracting 4.1% in 2020 as the pandemic wreaked havoc. He sees growth return to nearly 5% in 2022.

Saudi FDI rebound

Saudi Vision 2030, when launched in 2016, aimed to bring annual FDI to nearly $ 19 billion by 2020, up from $ 8 billion in 2015, but last year it was just 5 billion. , $ 5 billion. The longer-term goal was for FDI to reach 5.7% of gross domestic product (GDP) by 2030.

Saudi Crown Prince Mohammad Bin Salman recently announced a new investment strategy that promised $ 100 billion in annual FDI by 2030. Saudi Investment Minister Khalid al-Falih said figures from IDEs were already improving.

“We fix the system, we prepare the deals, we hire companies,” he told Reuters. “Many of our transactions are being prepared. “

In the first half of 2021, excluding the lease of oil pipelines from Saudi Aramco, FDI increased 33% compared to the same period in 2020 and was already above targets for this year as a whole, he said.

Tourism and employment

The Saudi government expects tourism to be the biggest source of new private sector jobs, accounting for 10% of GDP and employment within a decade. The Saudis have 21 million citizens, two-thirds of whom are under 35. Unemployment fell to 11.3% in the second quarter of 2021, from 15.4% in the second quarter of 2020. Women now represent 28% of working Saudis, down from 16% five years ago.

Citizens still only represent 24% of the sales force and 20% in the hotel industry. Over 85% of jobs in construction, the industry that employs the most people, are held by foreigners. Half of unemployed citizens hold at least a baccalaureate.

“The tourism industry is at the top of our 2030 agenda,” said Ahmed al-Khateeb, Saudi Arabia’s tourism minister, who hopes to see 100 million local and foreign tourists by then. Saudi Arabia didn’t even offer tourist visas until 2019.

To this end, Saudi Arabia continues to ease social restrictions. The walls that separated single men from families have collapsed in upscale restaurants. Young Saudis flock to theaters, while on October 20 hundreds of thousands of people in Riyadh attended a concert by Pitbull, an American singer.

Stays also have an impact. In the second quarter of this year, Saudi hotels recorded $ 590 million in point-of-sale transactions, an increase of 7% from the same period in 2019. “It was pure Saudi spending,” said said Princess Haifa Al Saud, who oversees the national tourism strategy. .

Oxagon: the Saudi industrial city of marine origin

Saudi Crown Prince Mohammed bin Salman has announced a futuristic new industrial city in the sea called Oxagon.

The city is expected to become the largest floating industrial complex in the world.

“Oxagon will be the catalyst for economic growth and diversity in Neom and in the kingdom, further meeting our ambitions under Vision 2030,” the Saudi crown prince told the Saudi press agency.

Oxagon will establish the world’s first fully integrated port and supply chain ecosystem for the futuristic city of Neom.

Neom chief executive Nadhmi Al Nasr told regional media that Oxagon would be “a model for a blue economy” and “urbanize the sea”.

Oxagon’s plan is to be a net zero city entirely powered by clean energy.

Budget surplus

Saudi Arabia recorded a budget surplus of $ 1.79 billion in the third quarter of this year, as rising oil prices fueled its first quarterly surplus in more than two years.

Third-quarter oil sales revenue rose 60% to $ 40 billion.

But non-oil revenue contracted 22% to $ 25.7 billion, according to a finance ministry report that said quarterly government spending fell 8% year-on-year to $ 64 billion.

Saudi Aramco said its third quarter net profit more than doubled.

Saudi Arabia’s budget deficit reached over 11% of GDP last year, according to the IMF which expects the kingdom to reduce its budget deficit to 4.2% of GDP this year.

Bengaluru residents take part in a 4 km protest march after the flooding of Junnasandra https://juliavinograd.com/bengaluru-residents-take-part-in-a-4-km-protest-march-after-the-flooding-of-junnasandra/ Sun, 21 Nov 2021 21:54:08 +0000 https://juliavinograd.com/bengaluru-residents-take-part-in-a-4-km-protest-march-after-the-flooding-of-junnasandra/

Local residents and AAP volunteers staged a protest march on Sunday, demanding the removal of a stormwater encroachment that has become the cause of permanent flooding in parts of southeastern Bengaluru.

About 200 people walked about four kilometers, crossing areas such as Green Villae Layout, Junnasandra, KPCL Layout, Kasavanahalli, Kaikondrahalli and Wipro Junction and carrying signs.

The protest came days after two towns with nearly 1,000 homes were flooded with rainwater, forcing residents to stay indoors.

Citing an advisory published by the tahsildar of Bengaluru East, protesters said the root cause of the flooding in the area was the encroachment of 0.3 gunta on a drain in Halanayakanahalli. Although the district administration has promised to remove the encroachments, it has yet to follow through, they added.

The demonstrators accused the elected officials of siding with the real estate mafia by not clearing the encroachments.

AAP’s Ashok Mruthyunjaya said the Bellandur district contributes around Rs 120 crore in property tax each year. “But we don’t have even the most basic facilities. Junnasandra does not have a drainage system. Wastewater flowed into 400 homes. The whole neighborhood has become a breeding ground for mosquitoes, ”he said.

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