Nio Surges on $1.9 Billion Injection From Parent, Investors
(Bloomberg) — Nio Inc. (NIO, NIO.SI) jumped the most in nearly five months Monday after unveiling a cash injection worth 13.3 billion yuan ($1.9 billion) from existing shareholders.
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The Singapore-listed shares of the loss-making Chinese electric vehicle maker gained almost 16% on the financial reinforcement of its China unit through a mix of its own cash and strategic investors’ funds.
A group of strategic investors – including Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co., and CS Capital Co. — has definitive agreements to invest 3.3 billion yuan in cash for newly issued shares of Nio Holding Co., also known as Nio China, according to a company statement Sunday.
Nio Inc. will directly invest an additional 10 billion yuan of cash into new shares of the unit. The transactions from all the parties will reduce the parent’s holding to an 88.3% stake, down from 92.1%. The strategic investors — along with other stakeholders — will hold the remaining 11.7%, the company said.
“We believe this new investment will resolve the company’s fundraising debate and enhance near-term cash flow,” Morgan Stanley said in a research note on Sunday. “The investment from existing shareholders of Nio China should further enhance Nio’s balance sheet.”
While China has invested heavily in EVs, intense domestic competition and overseas tariffs have muddied the sector’s outlook. Nio has sought to gain a competitive edge with its charging network and R&D spending on battery-swapping technology and even on non-auto areas like semiconductors.
The cash injections will be done in two installments and be completed by the end of the year, its statement said.
Nio Inc. will have the right to invest an additional 20 billion yuan to subscribe for more shares in Nio China by the end of next year, based on the same price and terms.
With its cash burn triggering analysts’ concerns, the company, which has never been profitable, reported a 4.5 billion yuan loss for the second quarter. But its quarterly sales surged to 17.5 billion yuan, defying weakening demand and slightly higher than analysts expected.
Hefei Jianheng and Anhui Provincial Emerging Industry Investment are affiliated with the municipal government of Anhui province. The investors in the region are familiar with Nio, having done a deal for a $1 billion investment in 2020, which at the time alleviated concerns that the company was running out of cash.
In December, Nio also struck a deal to receive $2.2 billion from Abu Dhabi-backed CYVN Holdings LLC.
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PDD Holdings Inc. f/k/a Pinduoduo Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – PDD
NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in PDD Holdings Inc. f/k/a Pinduoduo Inc. (“PDD” or the “Company”) PDD of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of PDD investors who were adversely affected by alleged securities fraud between April 30, 2021 and June 25, 2024. Follow the link below to get more information and be contacted by a member of our team:
PDD investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) PDD’s applications contained malware, which was designed to obtain user data without the user’s consent, including reading private text messages; (2) PDD has no meaningful system to prevent goods made by forced labor from being sold on its platform, and has openly sold banned products on its Temu platform; (3) the foregoing subjected the Company to a heightened risk of legal and political scrutiny; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT’S NEXT? If you suffered a loss in PDD during the relevant time frame, you have until October 15, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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Wake County Home Buyers Introduces Cash Home Buyer Service in Raleigh, NC
Garner, NC, Sept. 30, 2024 (GLOBE NEWSWIRE) — Wake County Home Buyers, a leading cash home buying company and investment firm, is proud to announce the introduction of its cash home buyer service in Raleigh, NC.
With the motto, “Sell Your House Fast In Raleigh, NC and Be Done,” Wake County Home Buyers’ cash home buyer service enables homeowners in North Carolina to bypass listing their home with a real estate company and instead receive a fair cash offer for their home with no fees, need to complete any repairs and provides a flexible closing date. The top cash home buyers are proudly from Raleigh and are committed to helping residents of its local community access personalized solutions to difficult property situations, such as foreclosure, damaged inherited properties, and divorce.
“At Wake County Home Buyers, we buy houses as-is and never ask our sellers to make repairs or pay any fees,” said a spokesperson for Wake County Home Buyers. “This means you will not have to pay for repair or cleaning. As the best we-buy-houses company in the area, we strive to provide our sellers with excellent service. Most importantly, Wake County Home Buyers is a local company! We live and work in the community. It is a big decision to sell your house. Especially when life happens, and you want to sell your house fast. Therefore choose to work with a local home buyer in the community.”
Wake County Home Buyers provides homeowners with a simple home-selling solution to sell for cash on their own terms and to close the deal when it is the most convenient for their family. Some of the significant advantages offered at the cash home buying cash company compared to selling with a real estate agent include:
No Fees or Commissions: The professional home cash buyers do not charge any fees or commissions and instead pay most of the closing costs to ensure that homeowners receive the full amount for their property.
Fast Closing Times: With closing times available within just a few business days, Wake County Home Buyers cater to a homeowner’s unique timeline and will schedule the closing date around the best time for them.
As-Is Condition: Wake County Home Buyers purchase houses in ‘as-is’ condition, meaning that the company does not require homeowners to complete any repairs, renovations, or major refurbishments before selling their homes. The experienced home cash buyers will complete these tasks if needed, once a home has been purchased.
“It can be extremely stressful to sell a house. Skip all the cleaning, painting, staging, and last-minute showings. Sell your house the easy way with a cash offer. Skip the hassle and get a cash offer fast, simple, and move on. Many of our sellers come to us because they want convenience. They want to avoid the hassle of preparing their house to sell on the multiple listing service. Getting a cash offer on your house can make the process easier!” added the spokesperson for Wake County Home Buyers.
Wake County Home Buyers invites homeowners in Raleigh, NC, seeking to sell their house fast and receive the highest possible cash offer to reach out to its professional team at (919) 473-6885 to begin the transparent, reliable, and efficient process today.
About Wake County Home Buyers
Wake County Home Buyers is a cash home-buying company and investment firm in Raleigh that specializes in helping homeowners get rid of burdensome houses fast. With an experienced and professional team of problem solvers, Wake County Home Buyers purchases houses fast with a fair all-cash offer.
More Information
To learn more about Wake County Home Buyers and the introduction of its cash home buyer service in Raleigh, NC, please visit the website at https://www.mikeotranto.com/.
Source: https://thenewsfront.com/wake-county-home-buyers-introduces-cash-home-buyer-service-in-raleigh-nc/
Wake County Home Buyers 110 Hassell Court Garner NC 27529 United States (919) 473-6885 https://www.mikeotranto.com/
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Is $2.5 Million in Roth Savings and $2,500 in Social Security Enough for a 62-Year-Old's Retirement?
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Retiring at age 62 and filing for Social Security will reduce a person’s lifetime benefits by up to 30% compared to waiting until their full retirement age. However, a person with $2.5 million in a Roth IRA may feel more comfortable retiring at age 62, despite the impact that early retirement will have on their Social Security.
A financial advisor can help you plan for retirement. Find a fiduciary advisor today.
So, can a person with $2.5 million in Roth IRA who expects to collect around $2,500 in monthly Social Security checks afford to retire at age 62? The likely answer is yes, but there are some critical things to keep in mind if you’re in a similar financial situation.
Don’t Overestimate Your Benefits
First and foremost, be sure about how much your Social Security benefits will be. Mike Dever, founder and CEO of Brandywine Asset Management, says a person who expects to collect $3,000 at age 62 has miscalculated their Social Security income.
While the full retirement age for someone retiring today is 67, the most a person can collect at age 62 is $2,572, Dever noted.
The $428 difference between $3,000 in monthly benefits and $2,572 isn’t in and of itself essential. Most of this retiree’s income will come from the $2.5 million Roth IRA. But the bigger issue is absolutely critical: Beware of miscalculations.
A person who expects to receive $3,000 in monthly benefits at 62 would end up with $5,000 less in annual income. Double-check all of your assumptions before you leave the workforce, because you don’t want to discover a mistake like this one after the fact. A financial advisor can help you estimate and plan for your Social Security benefits.
Prepare for Inflation and Volatility
A Roth IRA balance of $2.5 million can allow a retiree to plan for relatively generous withdrawals.
“The 4% withdrawal rule can be a useful starting point,” said Bryan Cannon, author of “Retirement Unplanned: An Expert Guide For Navigating The Crossroads of Retirement With Confidence.” Given that both corporate and Treasury bonds have average interest rates of around 4%, “your Roth IRA annually would generate $100,000 in tax-free income during retirement, typically without depleting your principal over time.”
“However,” he said, “it’s essential to exercise caution when adhering to the 4% rule.”
There are two big risks despite this well-funded retirement account, but a financial advisor can help you prepare for both of them.
Consider the Impact of Inflation
First, as Dever noted, inflation is a hidden risk. Most investors learn the common wisdom of investing in growth-oriented assets during their working life and more conservative, income-oriented assets once they retire. This is a strategy built around protecting your nest egg in your retirement years.
The problem is that you won’t generate any new growth. At best, your portfolio will keep pace with your withdrawals. More likely, your withdrawals will modestly outpace your growth, all while the value of that money is steadily falling due to inflation.
“The problem with that type of retirement structure, where you’re relying on fixed income, is inflation risk,” Dever said. “If inflation stays subdued like it had up until just recently, it’s not a big problem … but the problem you have in there is if inflation picks up at all, you’re just swamped.”
“Your liabilities are going up significantly while your assets are fixed.”
Dever and Cannon emphasized managing your investments in retirement. Look for more than the standard security-oriented assets, because you will need growth that at least partially offsets both your withdrawal rate and long-term inflation.
Protect Against Market Volatility
That raises the second risk, though. As you manage your portfolio through retirement, you need to also plan for market volatility.
“Market volatility can lead to fluctuations in your income over time,” Cannon said. “For instance, if you plan to withdraw 4% from a $2.5 million account ($100,000), but your investments experience a 20% decline due to negative market returns, your 4% withdrawal would only produce $80,000.”
“If you’ve structured your retirement lifestyle around withdrawing $100,000 per year, you would be forced to increase your withdrawal rate to 5%,” he added. And that can quickly lead to an irreversible cycle of depleting assets and boosting withdrawals to compensate.
Dever and Cannon agreed that the way to manage this is to stay flexible with both your investments and your withdrawals. Build a smart portfolio that looks for some growth, while maintaining your ability to adjust your withdrawals when necessary.
Spending and Lifestyle
This brings us to the last big question. What do you plan on for your lifestyle?
Dutch Mendenhall, CEO of RAD Diversified REIT and author of “Money Shackles,” said this is “the ultimate factor in determining how much money you need to save for a comfortable retirement.”
“The more lavish and grand you decide to go will ultimately cost more than a simple, easy retirement, which will put you at risk of outliving your savings and leave you unable to cover expenses with only a Social Security check.”
As we noted above, depending on how you manage your investments, you can probably plan for an income of around $100,000 per year plus another $30,000 per year in Social Security. Under ordinary circumstances, that should take you into your early 90s, possibly longer. If you need more help planning a retirement budget or building an income plan, consider speaking with a financial advisor.
So there are two lifestyle issues to consider. First, does your lifestyle fit a $ 130,000-per-year budget? If your lifestyle in retirement will exceed this spending limit, what changes can you make to meet that goal? Or, otherwise, are you comfortable waiting another five years to get more Social Security and let your IRA grow even more?
Second, what kind of flexibility does your lifestyle have? “Consider your travel plans, housing expenses, potential moves, or events you want to see in your life,” Mendenhall said. “These factors will help you determine where you should cut back on specific areas in life to make these dreams possible.”
If your lifestyle has more flexibility, you’ll have more room to invest for growth and be able to deal with unexpected expenses. It might not be fun to skip out on your annual trip or to cut back on other luxuries, but if your annual budget needs to drop to $110,000 you can do it.
Build a plan for your spending and work backward. Once you know how much money you’ll need and how much you’ll want, you can have a good sense of whether you have enough money to retire.
Bottom Line
A $2.5 million Roth IRA and Social Security benefits of $2,572 per month will put a person in a strong position to retire at age 62. Their investments and monthly benefit checks will provide around $130,000 in the first year of retirement, which should be enough depending on their lifestyle. At the end of the day, it depends on a retiree’s lifestyle expectations and how much they plan to regularly spend.
Retirement Spending Tips
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Part of planning for your retirement spending is to estimate how much less you will need. Research has shown that a person’s wealth and health are two essential factors in just how much their spending falls in retirement.
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A financial advisor can help you build a comprehensive retirement plan. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
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Keep an emergency fund on hand in case you run into unexpected expenses. An emergency fund should be liquid — in an account that isn’t at risk of significant fluctuation like the stock market. The tradeoff is that the value of liquid cash can be eroded by inflation. But a high-interest account allows you to earn compound interest. Compare savings accounts from these banks.
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Are you a financial advisor looking to grow your business? SmartAsset AMP helps advisors connect with leads and offers marketing automation solutions so you can spend more time making conversions. Learn more about SmartAsset AMP.
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The post I Have $2.5 Million in a Roth IRA and Will Receive $2,500 Monthly From Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
Carnival, US Foods And 3 Stocks To Watch Heading Into Monday
With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects Carnival Corporation CCL to report quarterly earnings at $1.16 per share on revenue of $7.83 billion before the opening bell, according to data from Benzinga Pro. Carnival shares gained 1% to $18.72 in after-hours trading.
- US Foods Holding Corp. USFD announced the pricing of a private offering of $500 million of senior unsecured notes. US Foods shares gained 2.2% to $61.49 in the after-hours trading session.
- Analysts expect ReposiTrak, Inc. TRAK to post earnings at 6 cents per share on revenue of $5.07 million for the latest quarter. The company will release earnings after the markets close. ReposiTrak shares gained 0.1% to $17.72 in the after-hours trading session.
Check out our premarket coverage here
- Espey Mfg. & Electronics Corp. ESP posted earnings of 73 cents per share for the fourth quarter, up from 36 cents per share in the year-ago period. Its sales rose to $11.61 million from $8.34 million. Espey Mfg. & Electronics shares jumped 9.6% to $27.20 in the after-hours trading session.
- Analysts expect The Glimpse Group, Inc. VRAR to post a quarterly loss at 8 cents per share on revenue of $2.00 million after the closing bell. Glimpse Group shares fell 3.3% to $0.77 in after-hours trading.
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A Closer Look at Cleanspark's Options Market Dynamics
Whales with a lot of money to spend have taken a noticeably bearish stance on Cleanspark.
Looking at options history for Cleanspark CLSK we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $221,950 and 7, calls, for a total amount of $310,780.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $32.0 for Cleanspark over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Cleanspark options trades today is 4935.89 with a total volume of 2,420.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cleanspark’s big money trades within a strike price range of $5.0 to $32.0 over the last 30 days.
Cleanspark Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLSK | CALL | TRADE | BULLISH | 03/21/25 | $2.91 | $2.7 | $2.91 | $10.00 | $112.9K | 3.0K | 25 |
| CLSK | PUT | SWEEP | BULLISH | 10/18/24 | $4.0 | $3.55 | $3.55 | $13.00 | $71.0K | 1.2K | 0 |
| CLSK | PUT | SWEEP | BULLISH | 10/18/24 | $3.65 | $3.55 | $3.55 | $13.00 | $71.0K | 1.2K | 400 |
| CLSK | CALL | SWEEP | BULLISH | 01/17/25 | $5.0 | $4.9 | $4.98 | $5.00 | $49.8K | 6.6K | 127 |
| CLSK | PUT | TRADE | BEARISH | 12/20/24 | $2.27 | $2.25 | $2.27 | $10.00 | $43.1K | 2.6K | 3 |
About Cleanspark
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company’s wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.
After a thorough review of the options trading surrounding Cleanspark, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Cleanspark
- Trading volume stands at 8,960,098, with CLSK’s price down by -5.08%, positioned at $9.62.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 60 days.
What Analysts Are Saying About Cleanspark
4 market experts have recently issued ratings for this stock, with a consensus target price of $24.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* In a cautious move, an analyst from HC Wainwright & Co. downgraded its rating to Buy, setting a price target of $27.
* In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $23.
* An analyst from Macquarie has revised its rating downward to Outperform, adjusting the price target to $20.
* An analyst from HC Wainwright & Co. downgraded its action to Buy with a price target of $27.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cleanspark, Benzinga Pro gives you real-time options trades alerts.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tetrahydrofuran Market is Projected to Grow at 7.5% CAGR, Reaching US$ 5.1 Billion by 2034 | Fact.MR Report
Rockville, MD , Sept. 30, 2024 (GLOBE NEWSWIRE) — With sustainability being the buzzword across the world and in most industries, bio-based tetrahydrofuran will gain traction over the coming years, According to this new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global Tetrahydrofuran Market, after reaching a size of US$ 2.5 billion in 2024, has been forecasted to increase at a CAGR of 7.5% between 2024 and 2034).
Tetrahydrofuran is produced from biomass furfural, which is a hydrocarbon feedstock. Currently, new advanced manufacturing technologies are coming up to commercialize the production of THF. The catalytic decarbonylation hydrogenation technology is an improved method that is being employed for THF production from biomass.
Companies are switching to sustainable alternatives due to changing customer preferences and governmental regulations.
• Recently, BASF launched a bio-based THF, QIRA. The product will offer more sustainable solutions to industrial customers.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=9990
Key Takeaways from Market Study:
- The global tetrahydrofuran market is projected to expand at 7.5% CAGR and reach US$ 5.1 billion by 2034.
- North America is estimated to hold a market share of 29.1% by 2034.
- Some of the leading market players are BASF SE, Dairen Chemical Corporation (DCC), and Mitsubishi Chemicals Holdings Corporation
- Application in PTMEG is estimated to increase at a CAGR of 7.9%, creating an absolute $ opportunity of US$ 1 billion between 2024 and 2034.
- North America and East Asia, together, are expected to create an absolute $ opportunity of US$ 1.8 billion by 2034 says a Fact.MR analyst.
Leading Players Driving Innovation in the Tetrahydrofuran Market:
Key industry participants like ASF SE, Dairen Chemical Corporation (DCC), Mitsubishi Chemicals Holdings Corporation, Nan YA Plastics, Ashland, INVISTA, SIPCHEM., Korea PTG, and Mg Organics Pvt. Ltd, etc. are driving the tetrahydrofuran industry.
Market Development:
Developing economies are majorly contributing to the shift from THF being a market to a high-growth market. Countries such as China, which is the largest producer of PVC, is creating huge demand for THF. Companies are customizing the solvent according to varied customer demands to gain a competitive edge in the market.
• For instance, from October 2023, BASF started supplying biomass balance tetrahydrofuran to the Asahi Kasei’s ROICA division. Asahi Kasei is a multinational Japanese company that is famous for fibers. The collaboration was aimed at launching a new sustainable apparel collection.
Tetrahydrofuran Industry News:
Businesses are choosing to grow by locating their manufacturing facilities in various areas. To solve issues and provide innovative solutions, manufacturing businesses are allocating a significant percentage of their revenue to research and development. Businesses are using advanced manufacturing technology to achieve large-scale output while minimizing waste.
• In September 2023, BASF secured long-term access to a bio-based 1,4-butanediol QIRA, which will enhance its offering. Tetrahydrofuran and polytetrahydrofuran are already products offered by BASF.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=9990
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global tetrahydrofuran market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on application (PTMEG, solvents, pharmaceuticals), across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, and the Middle East & Africa).
Segmentation of Tetrahydrofuran Market Research:
By Application :
- PTMEG
- Solvents
- Pharmaceuticals
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Check out More Related Studies Published by Fact.MR Research:
Insulated wires and cables market was worth US$ 181.3 billion in 2023. The global sales are projected to reach a valuation of US$ 334.7 Billion by 2033.
Homopolymer PVC market is valued at US$ 18.7 Billion in 2023 and is expected to grow at a CAGR of 4.6% over the next ten years. Worldwide homopolymer PVC sales are forecast to reach US$ 29.4 Billion by the end of 2033.
Plastic caps market stands at a valuation of US$ 41 billion in 2023 and is forecasted to expand at a CAGR of 4.6% to reach US$ 64.1 billion by the end of 2033.
Automotive adhesives market is estimated at US$ 4.95 billion in 2023 and is extrapolated to amass a revenue of US$ 8.9 billion by 2033-end. Global demand for automotive adhesives is forecasted to rise at a healthy 6% CAGR from 2023 to 2033.
Rubber vulcanization market stands at US$ 2.5 billion in 2023. Global demand for rubber vulcanization is forecasted to reach a market valuation of US$ 4.2 billion by the end of 2033, increasing at a CAGR of 5.3% from 2023 to 2033.
Electronics and electrical ceramics market is valued to be US$ 11.6 billion in 2023 and it is anticipated to grow at a CAGR of 5.0% to reach US$ 18.9 billion by the end of 2033.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
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Carnival Q3 Earnings: 15% Topline Growth, Record Operating Income, Guidance Boost And More
Carnival Corp CCL stock slid Monday following the third-quarter print.
The company reported third-quarter adjusted EPS of $1.27, beating the analyst consensus estimate of $1.16.
Carnival reported quarterly sales of $7.90 billion, up 15.2% year over year, beating the street view of $7.83 billion.
Also Read: Cruise Stocks To Sail Smoothly Into 2025: Analyst Sees ‘Zero Signs Of Softening’
The company registered an operating income of $2.2 billion, up by 34% Y/Y. Adjusted EBITDA in the quarter under review pegs at $2.8 billion, up 25% Y/Y.
The company continues to experience strong bookings momentum driven by booking volumes for 2025 sailings. The company ended the quarter with $4.5 billion of liquidity.
“Our strong improvements were led by high-margin, same-ship yield growth, driving a 26 percent improvement in unit operating income, the highest level we have reached in fifteen years,” commented Carnival Corporation & plc’s Chief Executive Officer Josh Weinstein.
Outlook: Carnival projects fourth-quarter net yields (in constant currency) up approximately 5.0%.
It expects fourth-quarter adjusted EPS of $0.05, below the estimate of $1.16. It expects fourth-quarter adjusted EBITDA of approximately $1.14 billion, up 20% Y/Y.
For 2024, the company expects net yields (in constant currency) up approximately 10.40% Y/Y (prior view: 10.25%). Carnival expects adjusted EPS of $1.33 (prior view: $1.18), above the consensus of $1.21. It projects adjusted EBITDA of approximately $6.0 billion, up 40% Y/Y (prior view: $5.83 billion).
Carnival stock is up over 32% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap Growth ETF VOT and iShares Russell Mid-Cap ETF IWR.
Price Action: CCL stock is down 2.08% to $18.16 at last check Monday.
Image: Viola from Pixabay
Also Read:
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Acuity Brands Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Acuity Brands, Inc. AYI will release earnings results for its fourth quarter, before the opening bell on Tuesday, Oct. 1.
Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at $4.28 per share, up from $3.97 per share in the year-ago period. Acuity Brands projects to report revenue of $1.02 billion for the quarter, compared to $1.01 billion a year earlier, according to data from Benzinga Pro.
On Sept. 26, Acuity Brands’ board declared a quarterly dividend of 15 cents per share.
Acuity Brands shares gained 0.1% to close at $270.00 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Wells Fargo analyst Joseph O’Dea maintained an Equal-Weight rating and raised the price target from $260 to $289 on Sept. 24. This analyst has an accuracy rate of 60%.
- Baird analyst Timothy Wojs maintained a Neutral rating and cut the price target from $286 to $280 on June 18. This analyst has an accuracy rate of 74%.
- Oppenheimer analyst Christopher Glynn maintained an Outperform rating and raised the price target from $250 to $315 on April 4. This analyst has an accuracy rate of 81%.
Considering buying AYI stock? Here’s what analysts think:
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