banker Wadih Boueiz has resigned after a career spanning 21 years, a source with knowledge of the matter told Reuters. Boueiz, 43, was in charge of the bank's global sovereign wealth funds and public pensions division. Boueiz, known as Woody, started his career in New York in 1999 and then moved to London in 2007.
Can Integer Holdings Corporation (NYSE:ITGR) Improve Its Returns?
Mon, 24 Feb 2020 13:19:18 -0500
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Global Polybutadiene Industry Analysis Report, 2015-2030 - ND-PBR Rubber Production is a Lucrative Emerging Trend
Mon, 24 Feb 2020 13:00:00 -0500
The "Polybutadiene Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.
Boom says its supersonic XB-1 aircraft test program will be "fully carbon neutral"
Mon, 24 Feb 2020 13:21:20 -0500
Commercial aviation isn't typically the place to look if you're after carbon-light initiatives. Jet fuel isn't generally very green, and airplanes burn a lot of it when traversing the skies. Boom claims this will make it the first commercial flight OEM to achieve this level of sustainability, especially from the very beginning of its aircraft flight testing and certification process.
3 ‚??Perfect 10‚?? Stocks to Consider When Coronavirus Fears Fade
Mon, 24 Feb 2020 13:11:02 -0500
After a period of cooling off its impact on the markets, fear of the coronavirus played havoc on Wall Street again today. Consequentially, the tech heavy Nasdaq 100 had its worst day for almost a month, dropping by almost 3%. Companies with heavy exposure to China such as AMD and Nvidia are the most heavily affected.Nevertheless, tech companies have provided investors with plenty to shout about over the last 12 months and the sector can always be depended upon to present various compelling plays.In fact, using TipRanks‚?? Best Stocks to Buy tool we managed to pinpoint 3 stocks in the sector that currently present perfect investing opportunities -- all receive a score of a ‚??perfect 10." Let‚??s get the lowdown.Lumentum Holdings (LITE)Lumentum has had a phenomenal 2019, with shares up over 90%. Increasing demand for its offerings, especially amongst consumer electronics stalwart like Apple - for which it supplies 3D sensing technology - plus better than expected earnings results, helped the stock beat the market considerably.In the latest earnings report, the company posted revenue of $457.8 million, a year-over-year increase of 23%, beating the consensus calls for $452 million. A beat was posted by EPS, too; the estimate of $1.29, below the reported $1.53. Lumentum‚??s balance sheet looks in rude health, as well: the company ended the quarter backed with $1.3 billion in cash and short-term investments.Goldman Sachs‚?? Rod Hall is impressed with the print. In fact, in addition to keeping his Buy rating intact, the results meant the 4-star analyst nudged his price target upwards, too; from $77 to $102. The implication? Further upside of 28%. (To watch Hall‚??s track record, click here)Hall believes Lumentum will see further growth in margins driven by the rising mix of Datacom chip and 3D sensing revenue and the exit from legacy products. Furthermore, the company‚??s conservative guidance means room for share appreciation. Hall explained, "FQ3 EBIT margin implies more weakness in Telecom gross margins than can be explained by the coronavirus risk alone. We model FQ3 Telecom gross margin at just 38.0%, down from 45.5% in FQ2 in spite of higher revenues. Even this large drop still puts our forecast closer to the high end of the 21%-23% EBIT margin guidance range at 22.7%".Overall, Lumentum‚??s momentum won‚??t be halted, according to the analysts; 14 Buys and 2 Holds converge to a Strong Buy consensus rating. At $96.81, the average price target indicates possible gains in the shape of 21% over the next 12 months. (See Lumentum stock analysis on TipRanks)Wix.com (WIX)Wix stock took a hit last week following the release of its quarterly results. Despite posting year-over year growth of 25%, which amounted to fiscal 2019 revenue of $761.1 million ‚?? investors were let down by the disappointing guidance; Wix sees Q1 revenue of between $215 to $217 million, while the consensus calls for $217.8 million.The print, though, also exhibited some strong numbers. The addition of 89,000 premium subscribers in the fourth quarter was a 13% year-over-year increase and adds to a total of 4.5 million paying customers. Wix now has 165 million registered users, a rise of 16% from 2018. Additionally, the quarter saw Wix introducing Editor X, an innovative web design and creation platform for web agencies and designers.Deutsche Bank‚??s Lloyd Walmsley is staying with the bulls. The 5-star analyst thinks ‚??the customer support, agency sales and partnership initiatives‚?Ě can all pay dividends in 2020.Walmsley further added, ‚??We see preliminary 2020 guidance as more conservative than in the recent past given a series of new products out that have unknown ramp paths, most notably the EditorX and Payments, both of which could ultimately scale well in our view‚?¶ we believe EditorX can have a more immediate path to financial contribution and is not yet fully reflected in the guide‚?¶ We continue to see a potential inflection in payments, particularly if Wix eventually forces adoption on the platform, which is not currently contemplated in guidance.‚?ĚWalmsley, therefore, reiterated a Buy rating on Wix. The mixed print, though, means a slight reduction in the 5-star analyst‚??s price target, down from $170 to $166. The new figure could still yield returns of 28% over the coming year. (To watch Walmsley‚??s track record, click here)Most of the Street have not given up on the company just yet, as TipRanks analytics showcase WIX as a Strong Buy. Out of 8 analysts polled in the last 3 months, 7 are bullish on the stock, while only 1 remains sidelined. With a potential upside of 18%, the stock‚??s consensus target price stands at $154. (See Wix stock analysis on TipRanks)Western Digital (WDC)Completing the list is hard disk drive manufacturer and data storage specialist Western Digital. The San Jose based company provided investors with plenty to smile about last year; the stock added 74% to its share price in 2019.WD‚??s latest earning results delivered the goods across the board. WDC reported fiscal Q2 revenue of $4.23 billion, beating the street‚??s call for $4.22 billion. Likewise, the company posted a beat with EPS: $0.62 vs the Street‚??s estimate of $0.58, Gross margins came in at the high-end of guidance at 25.9%.For the current quarter, WDC expects revenue to come in between $4.1 to 4.3 billion and EPS between $0.85 and $1.05 ($0.95 at midpoint). The Street is calling for $4.23 billion and $0.78, respectively. Gross margins are expected to improve quarter-over-quarter to between 28.5 and 29.5%RBC‚??s Mitch Steves applauded the print: ‚??Western Digital reported a solid quarter and guidance came in notably ahead of expectations from an EPS perspective. Specifically the company notes: 1) the NAND environment is improving faster than they originally expected and anticipate solid strength through CY20, 2) WDC is seeing continued momentum in NVMe enterprise SSds, 3) they anticipate doubling enterprise SSD revenue in 2020, 4) gaming flash demand should begin in June of 2020 and 5) gross margin are seeing notable improvements with WDC guiding to 29% at the mid-point for Mar qtr.‚?ĚDown to the nitty gritty, what does it all mean? It means Steves keeps his Outperform rating as is, while boosting his price target upwards; $64 is upgraded to $85 and implies potential upside of 33%. (To watch Steves‚?? track record, click here)The storage specialist‚??s Moderate Buy consensus rating currently breaks down into 13 Buys, 4 Holds and a single Sell. The average price target comes in at $82.06 and suggests possible returns of 22.5%. (See Western Digital stock analysis on TipRanks)
How Good Is Integra LifeSciences Holdings Corporation (NASDAQ:IART) At Creating Shareholder Value?
Mon, 24 Feb 2020 13:00:09 -0500
Today we'll look at Integra LifeSciences Holdings Corporation (NASDAQ:IART) and reflect on its potential as an...
Is Image Sensing Systems, Inc.‚??s (NASDAQ:ISNS) 14% ROCE Any Good?
Mon, 24 Feb 2020 13:15:41 -0500
Today we are going to look at Image Sensing Systems, Inc. (NASDAQ:ISNS) to see whether it might be an attractive...
Virus outbreak chills markets, outlook for global economy
Mon, 24 Feb 2020 12:50:46 -0500
The widening coronavirus outbreak threatens to seriously disrupt the global economy just as it was steadying itself against headwinds from the U.S.-China trade dispute. The U.S. Dow Jones was down more than 900 points during mid-day trading, while in Europe, the pan-European Stoxx 600 dipped 3.6 percent amid fears about the first major outbreak on the Continent, an eruption of cases in Italy. Concerns are high in Europe, where the three largest economies are already scraping along at the edge of recession, with Germany particularly exposed.
Does Exchange Income Corporation's (TSE:EIF) 18% Earnings Growth Make It An Outperformer?
Mon, 24 Feb 2020 12:52:41 -0500
For investors with a long-term horizon, examining earnings trend over time and against industry peers is more...
Hilco Corporate Finance Advises Global Private Equity Fund and Their Portfolio Company's New Financing
Mon, 24 Feb 2020 12:55:00 -0500
Hilco Corporate Finance, LLC ("HCF"), a mid-market investment bank and an operating unit of Hilco Global, announced the successful completion of a $70 million machinery and equipment sale leaseback transaction for the portfolio company of a multi-billion dollar global private equity fund.
$140,000 1983 Volkswagen Rabbit GTI took Derek Spratt 7 years to build
Mon, 24 Feb 2020 13:05:00 -0500
Canadian engineer Derek Spratt has fond memories of the 1983 Volkswagen Rabbit GTI he bought new in college. Spratt was 21 when he purchased his GTI, one of the later first-generation models with the 90-horsepower engine and the firmer suspension, and he quickly took it on a scenic road trip from Vancouver, Canada, to San Francisco and back. After fixing the inevitable rust, he installed a 220-horsepower engine he used his engineering knowledge to design, and retro-fitted several creature comforts like power windows, heated seats, a push-button ignition, and a digital instrument cluster.
How Much Did Hurco Companies, Inc.'s (NASDAQ:HURC) CEO Pocket Last Year?
Mon, 24 Feb 2020 12:56:26 -0500
Michael Doar became the CEO of Hurco Companies, Inc. (NASDAQ:HURC) in 2001. First, this article will compare CEO...
Boldsquare Expands Senior Capabilities with Addition of Janet Brewer
Mon, 24 Feb 2020 13:12:00 -0500
Boldsquare, one of the Southeast's leading strategy and communications practices, announced today that Janet Brewer has joined its senior team to further enhance its service offering to CEOs and C-suite leaders across the world.
The global next-generation refrigerant industry analysis projects the market to grow at a significant CAGR of 3.22% on the basis of value during the forecast period from 2019 to 2029
Mon, 24 Feb 2020 13:20:00 -0500
Global Next-Generation Refrigerant Market Anticipated to Reach $33.64 Billion by 2029
Speaking for Trump: How Don Jr. and other family members target different voters with different messages
Mon, 24 Feb 2020 13:01:51 -0500
Trump's family members use social media to target very different audiences. Donald Trump Jr. tweets about Biden while Lara Trump focuses on jobs.
Major Victory For Cancer Patients In Illinois
Mon, 24 Feb 2020 13:00:00 -0500
Illinois Lawmakers announce a new law that will help thousands of cancer patients in the state. SB1711, the Clinical Trial Participation Act gives all Illinois cancer patients new hope by providing access to potentially life-saving breakthrough medical advancements in clinical trials.
Stratton Cherouny Delivers Keynote on Designing Experiences for Infinite Moments of Truth
Mon, 24 Feb 2020 12:58:00 -0500
Experts in user experience convene in Denver this week with aspirations to unpack and up-level ways of "Expanding the Boundaries of Experience." Stratton Cherouny, Co-Founder of the Office of Experience, will join them to share insights on designing brand experiences that account for "n" moments of truth.
Buttigieg campaign claims irregularities in Nevada caucus votes, seeks 'concrete' changes
Mon, 24 Feb 2020 12:51:04 -0500
The presidential hopeful's campaign sent a letter to the Nevada Democrats asking for the party to take steps to address early voting issues.
Dow plunges 1,000 points as coronavirus cases outside China jump
Mon, 24 Feb 2020 13:09:36 -0500
U.S. stocks tumbled Monday after a sharp rise in coronavirus cases outside China revived concerns about an economic fallout from the outbreak.
Stocks Extend Slide; Yields Approach Record Low: Markets Wrap
Mon, 24 Feb 2020 12:51:21 -0500
(Bloomberg) -- U.S. equities tumbled alongside stocks in Europe and Asia as authorities struggled to keep the coronavirus from spreading more widely outside China. Havens including Treasuries and gold surged.In a dramatic day across markets, these were some of the standout moves:All three main U.S. stock benchmarks slumped more than 3%, with the S&P 500 Index tumbling the most on an intraday basis since August. The Dow Jones Industrial Average erased all of its gains for the year.The FANG cohort of megacap tech shares that led the year‚??s rally plunged more than 4%. AMD Corp. led losses in chipmakers exposed to China, at one point sinking more than 10%. High-flyers Virgin Galactic and Tesla each fell about 7%. Alpha Pro Tech, maker of protective clothing and masks, surged 15%.The Stoxx Europe 600 Index slid 3.8% on trading volumes well above average for the largest drop since 2016 as investors fled travel and luxury-goods shares. A gauge of credit risk on the region‚??s high-yield companies jumped.The yield on 10-year Treasuries approached the 2016 record low.South Korea‚??s benchmark dropped 3.9%, leading declines across Asia, though Japan‚??s markets were shut for a holiday.Spot gold approached $1,700, while Brent crude oil tumbled about 5%.The risk-off mood hardened as the epidemic spread to more than 30 countries, with South Korea reporting a jump in infections and Italy locking down an area of 50,000 people near Milan. Finance chiefs and central bankers from the largest economies warned this weekend that they saw the virus bringing downside risks to global growth.‚??Stock markets around the world are beginning to price in what bond markets have been telling us for weeks -- that global growth is likely to be impacted in a meaningful way due to fears of the coronavirus,‚?Ě said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.Governments and companies are curbing travel and trade in an attempt to contain a novel pathogen that can be transmitted by people without symptoms. Today‚??s market moves follow on last week‚??s surge into havens after fresh warnings by companies over the potential impact of the virus on business and global supply chains. Adding to the anxiety Monday was China announcing an easing of the quarantine of Wuhan, only to retract the statement hours later.‚??Markets hate uncertainty and the coronavirus represents the most uncertain macro risk markets have faced in years,‚?Ě said Alec Young, managing director of global markets research at FTSE Russell. ‚??Investors are also acutely aware that many misjudged the economic severity of the virus early on, making them more open to entertaining worst-case scenarios now.‚?ĚElsewhere, Italian bonds dropped on concern that the spread of the coronavirus may push the economy into a recession. The Australian dollar weakened to an 11-year low and the offshore yuan held most of last week‚??s decline.These are some key events coming up:Earnings keep rolling in from companies including: Home Depot Inc. on Tuesday; Peugeot SA on Wednesday; Baidu Inc., Best Buy Co. Inc., Occidental Petroleum Corp. and Dell Technologies Inc. on Thursday; and London Stock Exchange Group Plc on Friday.The Democratic presidential debate in South Carolina is on Tuesday.The Bank of Korea announces its policy decision on Thursday, with risks to the outlook growing amid a surge in coronavirus cases.U.S. jobless claims, GDP and durable goods data are out Thursday.Japan industrial production, jobs, and retail sales figures are due on Friday.These are the main moves in markets:To contact the reporters on this story: Vildana Hajric in New York at firstname.lastname@example.org;Claire Ballentine in New York at email@example.comTo contact the editors responsible for this story: Jeremy Herron at firstname.lastname@example.org, Dave LiedtkaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.¬©2020 Bloomberg L.P.
Dow craters over 1,000 points as coronavirus spreads
Mon, 24 Feb 2020 13:07:37 -0500
U.S. equity markets were under severe pressure Monday morning following a surge in the number of coronavirus cases outside China.
Does Inogen, Inc. (NASDAQ:INGN) Have A Particularly Volatile Share Price?
Mon, 24 Feb 2020 13:03:43 -0500
If you're interested in Inogen, Inc. (NASDAQ:INGN), then you might want to consider its beta (a measure of share price...
What Are the Income Tax Brackets for 2020 vs. 2019?
Mon, 24 Feb 2020 13:02:31 -0500
The IRS unveiled the 2020 tax brackets, and it's never too early to start planning to minimize your future tax bill.
Interpreting Berkshire Hathaway's Buybacks
Mon, 24 Feb 2020 13:06:23 -0500
Empirical evidence suggests Berkshire might be undervalued Continue reading...
The Global Laboratory Information Management System (LIMS) Market is expected to grow by USD 705.85 mn during 2020-2024, progressing at a CAGR of 9% during the forecast period
Mon, 24 Feb 2020 13:00:00 -0500
Global Laboratory Information Management System Market 2020-2024 The analyst has been monitoring the global laboratory information management system market and it is poised to grow by USD 705.85 mn during 2020-2024, progressing at a CAGR of 9% during the forecast period. Our reports on global laboratory information management system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The Grand Hyatt Brand Selected as Flag for New Miami Beach Convention Center Hotel
Mon, 24 Feb 2020 13:14:00 -0500
The development team behind Miami Beach's new Convention Center hotel announced today that an 800-room property will be operated by Hyatt under the luxury Grand Hyatt brand, when it opens to guests in 2023. Grand Hyatt Miami Beach will create a new hospitality option for visitors attending events at the adjacent Miami Beach Convention Center, which underwent a $600 million renovation that was completed last year, and anchor the Convention Center District.
The Global Language Services Market is expected to grow by USD 9.72 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period
Mon, 24 Feb 2020 13:05:00 -0500
Global Language Services Market 2020-2024 The analyst has been monitoring the global language services market and it is poised to grow by USD 9.72 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period. Our reports on global language services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The Global MCT Oil Market is expected to grow by USD 256.95 mn during 2020-2024, progressing at a CAGR of 7% during the forecast period
Mon, 24 Feb 2020 13:10:00 -0500
Global MCT Oil Market 2020-2024 The analyst has been monitoring the global mct oil market and it is poised to grow by USD 256.95 mn during 2020-2024, progressing at a CAGR of 7% during the forecast period. Our reports on global mct oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The Global Mobile Imaging Services Market is expected to grow by USD 2.04 bn during 2020-2024, progressing at a CAGR of 3% during the forecast period
Mon, 24 Feb 2020 13:15:00 -0500
Global Mobile Imaging Services Market 2020-2024 The analyst has been monitoring the global mobile imaging services market and it is poised to grow by USD 2.04 bn during 2020-2024, progressing at a CAGR of 3% during the forecast period. Our reports on global mobile imaging services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Traders Eye Fixed Income
Mon, 24 Feb 2020 13:00:00 -0500
The S&P 500¬ģ is coming off one of the best years it‚??s seen in decades, the Dow Jones Industrial Average is knocking on the door of 30,000 after only 2 years in the 20,000 range and traders are unsure whether the party‚??s ever going to end.
Deutsch & Lipner Investigates UBS's Yield Enhancement Strategy Program
Mon, 24 Feb 2020 13:16:00 -0500
Deutsch & Lipner, a leading law firm protecting investors' rights since 1985, is investigating UBS Financial Service's YES ("Yield Enhancement Strategy") program.
'I want to be brave like you': Boy, 9, asks Pete Buttigieg for help coming out as gay
Mon, 24 Feb 2020 13:00:01 -0500
Presidential candidate Pete Buttigieg shared an emotional moment Saturday when a 9-year-old boy asked for his help coming out as gay.
AAR signs letter of intent with Air Canada to add new aircraft types and establish airframe maintenance Center of Excellence at Trois-Rivi√®res MRO location
Mon, 24 Feb 2020 13:06:00 -0500
AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators, announced today that AAR Aircraft Services Trois-Rivi√®res ULC ("AAR") has entered into a letter of intent with Air Canada regarding a ten-year, renewable agreement for airframe maintenance.
Bank of America veteran deal-maker Boueiz resigns after 21 years: source
Mon, 24 Feb 2020 13:21:01 -0500
Veteran Bank of America banker Wadih Boueiz has resigned after a career spanning 21 years, a source with knowledge of the matter told Reuters. Boueiz, 43, was in charge of the bank's global sovereign wealth funds and public pensions division. Boueiz, known as Woody, started his career in New York in 1999 and then moved to London in 2007.
Triumph Motorcycles Will Shift Even More Manufacturing To Thailand
Mon, 24 Feb 2020 13:09:48 -0500
The design engineer workforce at Hinckley is hiring, however.
They're a 'scientific marvel': World's first in vitro cheetah cubs born at Ohio zoo
Mon, 24 Feb 2020 13:24:33 -0500
The pair of cubs, a male and a female, born Wednesday to 3-year-old, first-time¬†mother, Isabelle, or ‚??Izzy,‚?Ě are healthy and bonding.
Lucy Closes $10 Million in Series A Funding to Create Safer Nicotine Products
Mon, 24 Feb 2020 13:22:00 -0500
Lucy Goods, Inc. today announced the completion of a 10M Series A financing round led by RRE Ventures with participation from FundRX, Vice Ventures as well as existing investors including Greycroft Partners and YCombinator.