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Paypal launched today a new credit card, the PayPal Business Cashback Mastercard which earns unlimited 2% cash back on all purchases and comes with no annual fee and no foreign transaction fees. There is no signup bonus being offered. Press Release | Direct Application link Anyone with a Paypal business account can apply for the […]
Located at 8221 Sunset Boulevard, the Chateau Marmont is one of the most exclusive hotels in all of Los Angeles. Known as both a long- and short-term residence for many A-listers, the luxury hotel has been host to some of the swankiest A-list parties in Hollywood’s history and the hub of countless scandals and sexcapades. […]
The post Celebrities that Have Lived, Loved and Died at the Chateau Marmont appeared first on Fancy Pants Homes.
Got bad credit or no credit? Hereâs how $5 a month could add over 50 points to your credit score this year.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Lately, Iâve been hearing a lot about a âhousing correction,â which at first glance looks and sounds kind of bad. Not as bad as say a housing crash, but still pretty bad. The most outspoken economist on the subject lately has been Moodyâs Mark Zandi, who says weâre officially in a housing correction. But what… Read More »What Is a Housing Correction? And Are We In One Now?
The post What Is a Housing Correction? And Are We In One Now? appeared first on The Truth About Mortgage.
We’ve reached the tail end of earnings season. However, there are still a handful of notable stragglers left to report â including memory chipmaker Micron Technology (MU, $58.71), slated on the earnings calendar to unveil its fiscal third-quarter results after the June 30 close.
Micron, like so many of its fellow semiconductor stocks, has struggled on the charts in the first half of 2022, down 37% for the year-to-date.
Still, MU remains a “top pick in semis” for UBS Global Research analyst Timothy Arcuri (Buy).Â
“Amid macro concerns, we believe investors continue to overlook several key factors,” Arcuri says. The analyst points to lower supply amid raw material shortages and a delay in equipment lead times, as well as demand that will be buoyed by a ramp up in new cloud server platforms in 2023. Arcuri says MU also remains the leader in NAND.
“Given all of these industry and MU-specific factors, we expect MU’s [earnings per share] EPS to hold up very well,” he adds.
For Micron’s fiscal third quarter, analysts, on average, are calling for earnings of $2.46 per share, up 30.9% on a year-over-year (YoY) basis. Revenue is expected to arrive at $8.7 billion (+16.8% YoY).
Nike (NKE, $111.43) is one of two Dow Jones stocks scheduled to report earnings this week, with the fiscal fourth-quarter results from the athletic apparel retailer due out after the June 27 close.
NKE stock has had a rough run in recent months â off 33% for the year-to-date. And the company’s troubles have not been not limited to the charts.
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“Nike’s global trends were likely worse than expected in its fiscal fourth quarter due to much tougher China lockdowns than the company implied in its guidance,” says Credit Suisse analyst Michael Binetti.Â
However, the analyst believes that while global supply chains remain tough, “consumer demand for the brand remains very strong, and we think Nike has been pushing harder to get inventory out to end markets in the U.S. & Europe to help offset transitory sluggish China trends in the quarter.”
Binetti has an Outperform rating on the consumer discretionary stock â the equivalent of a Buy â and recently lowered his earnings per share outlook for Nike’s fiscal fourth quarter to 84 cents from 95 cents to reflect the impact of China’s lockdowns.
As for the Street: Consensus estimates are for Nike to report earnings of 81 cents per share (-12.9% YoY) and revenue of $12.1 billion (-2.2% YoY).
Walgreens Boots Alliance (WBA, $41.63) is the second Dow Jones component slated to report earnings this week. The drugstore chain is set to unveil its fiscal third quarter results ahead of the June 30 open.
Analysts are projecting a rough quarter for WBA due in part to a slowdown in COVID-19-related sales. Consensus estimates are for EPS of 92 cents (-33.3% YoY) and revenue of $32.0 billion (-5.9% YoY).
But what’s likely to draw the bulk of attention is any color related to the company’s plans for Boots. Late last year, WBA said it was undergoing a strategic review of the U.K.-based drugstore chain. And earlier this month, a Bloomberg report, citing people familiar with the matter, suggested a consortium of investors â including Apollo Global Management (APO) â made an offer for Boots.
The bid values Boots at over $6.3 billion, according to Deutsche Bank analyst George Hill (Hold). “The proposal offers WBA the option to retain a minority stake in Boots after any deal,” Hill adds. “We do not expect Walgreens to fully harvest the full value of the sale price, and expect the company will maintain a minority position.”
Walgreens Boots Alliance’s recent sale of 6.0 million AmerisourceBergen (ABC) shares will also bring the company’s cash flow into focus. The proceeds, according to WBA, will be used to pay down debt and support its strategic initiatives.
“As WBA continues unwinding its ABC stake, the company should see a significant influx of cash in the next twelve months, which will provide a lot of capital deployment flexibility as the company retrenches around its core U.S. business and leaves its empire building phase of most of the last decade behind it,” Hill says.
WBA ended its most recently reported quarter with $669 million in free cash flow, or the money left over after a company has covered the capital expenditures needed to grow its business.
Karee Venema was long NKE as of this writing.
Shared branch credit unions allow members to access banking products and services at other credit union branches that belong to a wider network. Joining a shared branch credit union can make managing your financial accounts more convenient if you live, work, or study in an area where your home credit union doesn’t have branches. The […]
The post Guide to Shared Branch Credit Unions appeared first on SoFi.
Money canât buy happiness, itâs true, but knowing how to spend your money on purchases that are truly worthwhile can definitely improve your life. To make sure youâre making the best decisions about what to buy, not just buying on impulse, it can help to ask yourself some questions first. When you pause to reflect […]
The post Questions You Should Ask Before Making an Impulse Buy appeared first on SoFi.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
At its most basic, estate planning is a series of documented decisions for what should happen to everything you own if you pass away. A common artifact of estate planning is the creation of a will, which is a notarized document detailing how your assets should be disposed of. As you get older and your
The post WTFinance: Estate Planning appeared first on MintLife Blog.