The Inner Circle acknowledges, Charles S. Liberis as a Pinnacle Professional Member
PENSACOLA, Fla., Oct. 16, 2024 /PRNewswire/ — Prominently featured in The Inner Circle, Charles S. Liberis is acknowledged as a Pinnacle Professional Member for his contributions to Leading Legal Expertise in Real Estate.
Charles S. Liberis is a prominent figure in the legal community, renowned for his expertise in real estate law and his commitment to providing exceptional legal services. As the founder of The Liberis Law Firm, PA, Mr. Liberis offers a comprehensive range of legal services, including business litigation, business transactions, estate planning, wealth management, and a primary focus on real estate matters.
A graduate of Stetson University and Stetson University College of Law, Mr. Liberis brings a wealth of knowledge and experience to his practice. His expertise in real estate extends to areas such as real estate development and transactions, condominium and association law, and real estate litigation.
In addition to his legal practice, Mr. Liberis is actively involved in professional and community organizations. He is affiliated with the Florida Bar Association and engages in various local and charitable activities, demonstrating his commitment to serving his community.
Throughout his career, Mr. Liberis has achieved significant milestones, including taking two companies public, showcasing his expertise and leadership in the legal and business realms.
Mr. Liberis’s dedication to his clients and his profession has earned him recognition, including being named to the prestigious 2019 Inweekly Power List, which celebrates the most influential individuals in the Greater Pensacola area.
Outside of his legal endeavors, Mr. Liberis enjoys traveling and gaining new experiences, enriching his perspective and enhancing his ability to serve his clients effectively.
Inspired by his mentor, Congressman Robert L. F. Sikes, Mr. Liberis emphasizes the importance of practical experience in the legal profession, guiding his philosophy and approach to legal practice.
Looking ahead, Mr. Liberis remains committed to providing exceptional legal services and ensuring the well-being of his clients at The Liberis Law Firm, PA. His future projections are grounded in his dedication to excellence and his passion for serving the Board of Overseers of the Stetson University College of Law and other legal needs of his community.
Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com
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GC Investments LLC Takes Money Off The Table, Sells $9.52M In Altair Engineering Stock
GC Investments LLC, 10% Owner at Altair Engineering ALTR, disclosed an insider sell on October 15, according to a recent SEC filing.
What Happened: LLC’s decision to sell 100,000 shares of Altair Engineering was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the sale is $9,523,390.
The latest market snapshot at Wednesday morning reveals Altair Engineering shares down by 0.06%, trading at $94.16.
Unveiling the Story Behind Altair Engineering
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
Breaking Down Altair Engineering’s Financial Performance
Positive Revenue Trend: Examining Altair Engineering’s financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.41% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics: Unlocking Value
-
Gross Margin: Achieving a high gross margin of 79.49%, the company performs well in terms of cost management and profitability within its sector.
-
Earnings per Share (EPS): Altair Engineering’s EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.06.
Debt Management: With a below-average debt-to-equity ratio of 0.33, Altair Engineering adopts a prudent financial strategy, indicating a balanced approach to debt management.
Financial Valuation:
-
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 294.44 suggests caution, as the stock may be overvalued in the eyes of investors.
-
Price to Sales (P/S) Ratio: The current P/S ratio of 12.66 is above industry norms, reflecting an elevated valuation for Altair Engineering’s stock and potential overvaluation based on sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Altair Engineering’s EV/EBITDA ratio, surpassing industry averages at 94.58, positions it with an above-average valuation in the market.
Market Capitalization: Indicating a reduced size compared to industry averages, the company’s market capitalization poses unique challenges.
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Unmasking the Significance of Insider Transactions
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
From a legal standpoint, the term “insider” pertains to any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider’s new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
A Closer Look at Important Transaction Codes
Digging into the details of stock transactions, investors frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Altair Engineering’s Insider Trades.
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Preview: Marten Transport's Earnings
Marten Transport MRTN is set to give its latest quarterly earnings report on Thursday, 2024-10-17. Here’s what investors need to know before the announcement.
Analysts estimate that Marten Transport will report an earnings per share (EPS) of $0.08.
Marten Transport bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings Track Record
During the last quarter, the company reported an EPS missed by $0.01, leading to a 1.12% increase in the share price on the subsequent day.
Here’s a look at Marten Transport’s past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.11 | 0.12 | 0.18 | 0.18 |
| EPS Actual | 0.10 | 0.12 | 0.15 | 0.17 |
| Price Change % | 1.0% | 4.0% | -5.0% | -6.0% |
Marten Transport Share Price Analysis
Shares of Marten Transport were trading at $16.73 as of October 15. Over the last 52-week period, shares are down 5.09%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Marten Transport visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Empty Capsules Market Size Projected to Expand to USD 5.6 Billion by 2031, Growing at a 7.7% CAGR as Non-Gelatin Varieties Gain Popularity | Transparency Market Research
Wilmington, Delaware, United States, Transparency Market Research, Inc., Oct. 16, 2024 (GLOBE NEWSWIRE) — As per the report published by Transparency Market Research, the global empty capsules market was worth US$ 2.9 Bn in 2022 and is expected to reach US$ 5.6 Bn by the year 2031 at a CAGR of 7.7 % between 2023 and 2031.
Prominent Players Operating in the Empty Capsules Industry
ACG, Lonza Group Ltd., Qualicaps (Mitsubishi Chemical Group Corporation), Seoheung Co., Ltd., The Roxlor Group, Nectar Lifesciences Ltd, Medi-Caps Ltd., CapsCanada and Natural Capsules Limited are some of the leading key players
Empty capsules are small, cylindrical containers typically made from gelatin or plant-based materials, designed to hold active ingredients in powder, liquid, or pellet form. They serve as a delivery system for a wide range of substances, including pharmaceuticals, dietary supplements, and herbal products. Empty capsules allow for precise dosing, easy consumption, and the protection of sensitive ingredients from external factors like light, moisture, or air.
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Empty Capsules Market Overview
Empty capsules offer numerous benefits that make them a preferred option in both -pharmaceutical and nutraceutical industries. One of the primary advantages is their ability to provide a precise, consistent dosage of active ingredients, ensuring that consumers or patients receive the correct quantity of medication or supplement with each intake.
They also improve the ease of consumption, as capsules are easier to swallow as compared to tablets, and can mask unpleasant tastes or odors of the contents. Additionally, empty capsules protect sensitive ingredients from environmental factors such as light, moisture, and air, enhancing the stability and shelf life of the products they contain. Their versatility allows them to be filled with a variety of substances, including powders, liquids, and even semi-solids, catering to a broad range of formulations.
Several factors are driving the growth of the empty capsules market. The expanding pharmaceutical and nutraceutical industries are among the key drivers, as the demand for capsules to deliver medications, vitamins, and supplements continues to rise globally.
Increasing consumer preference for dietary supplements, fueled by growing awareness regarding preventive healthcare and wellness, has significantly boosted the demand for empty capsules in the nutraceutical sector. The trend toward personalized medicine and customized nutrition also plays a role, as capsules allow for tailored formulations to meet individual health needs.
Technological advancements in capsule manufacturing, including innovations like enteric-coated, delayed-release, and vegetarian capsules, are further propelling market growth. These developments provide more specialized options for different medical and dietary requirements, expanding the market’s scope.
Additionally, the rising demand for plant-based and vegan products has led to increased production of vegetarian capsules, catering to the preferences of health-conscious and ethical consumers.
Furthermore, the growing availability of empty capsules through online and offline retail channels, alongside the increasing adoption of self-care and at-home supplement manufacturing, is making these products more accessible, contributing to the market’s steady expansion.
Empty Capsules Market Regional Insights
- North America generated the largest market value in 2023. The region is expected to continue with its dominance during the forecast period as well.
The empty capsules market in North America is experiencing significant growth due to a combination of industry trends and consumer behavior. One of the primary drivers is the expansion of the pharmaceutical and nutraceutical industries in the region. With an increasing focus on healthcare, wellness, and preventive medicine, the demand for efficient drug delivery systems like capsules is rising.
Empty capsules provide a flexible, convenient, and precise method for administering both – prescription medications and over-the-counter supplements, making them a preferred choice for pharmaceutical companies and nutraceutical brands alike.
Consumer awareness around preventive healthcare and nutrition is another key factor propelling market growth in North America. There is a growing trend of consumers seeking dietary supplements to support overall well-being, boost immunity, and address specific health concerns such as joint health, digestion, and cognitive function.
This has led to an increased demand for empty capsules, especially for customizable and DIY supplement solutions. The aging population in the U.S. and Canada has also contributed to this surge, as older adults are more likely to use multiple supplements to maintain health and manage age-related conditions.
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Recent Key Developments
In February 2023, Vivion, Inc., a global provider of ingredient solutions, announced the launch of a new product range of empty gelatin, HPMC, and pullulan capsules
Empty Capsules Market Segmentation
Source
- Porcine
- Bovine
- Marine
- Natural
Type
- Gelatin Capsules
- Hard Gelatin Capsules
- Soft Gelatin Capsules
- Non-gelatin Capsules
Functionality
- Immediate Release
- Sustained Release
- Delayed Release
Application
- Antibiotic & Antibacterial Drugs
- Dietary Supplements
- Antacid & Antiflatulent Preparations
- Cardiovascular Therapy Drugs
- Cough & Cold Drugs
- Others (Antianemic Preparations, Anti-inflammatory Drugs, etc.)
End-user
- Pharmaceutical & Biopharmaceutical Companies
- Nutraceutical Companies
- Others
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Why ASML Stock Was Sliding Again Today
Shares of ASML (NASDAQ: ASML) were falling for the second day in a row today. After the chip equipment maker accidentally reported results yesterday, investors seemed to give a thumbs-down to its earnings call this morning that added some color to its downbeat guidance for 2025.
The chip stock was down 5.6% on the news as of 12:23 p.m. ET on Wednesday.
ASML sees slowing demand
There weren’t any groundbreaking revelations in today’s earnings report, but it underscored the challenges the company is facing as it sees a slower demand recovery than expected.
Management said that sales from China, which made up 47% of its revenue in the quarter, would return to normal historical levels closer to around 20% in 2025, showing a slowdown in demand from that country. Pressure from the U.S. has also led to a ban on exporting its most advanced equipment to China.
Yesterday, the company said that it expected 2025 revenue of 30 billion to 35 billion euros ($32.7 billion to $38.1 billion), down from a forecast in 2022 of 30 billion to 40 billion euros. Wall Street seemed to focus on weakness at customers like Intel and Samsung, though ASML didn’t get into specifics on which companies were scaling back orders. It expects some of that demand to be pushed out into 2026.
Can ASML bounce back?
In its comments yesterday, ASML said it still saw a lot of potential from AI, and this setback seems to be more of a delay, rather than the result of a structural flaw with the business or the industry.
Analysts are likely to slash their estimates on the news, but the stock looks reasonably priced after the two-day sell-off. Considering its wide economic moat in lithography equipment and the temporary nature of the slowdown, ASML still looks like a smart long-term buy.
Should you invest $1,000 in ASML right now?
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Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML. The Motley Fool recommends Intel and recommends the following options: short November 2024 $24 calls on Intel. The Motley Fool has a disclosure policy.
Why ASML Stock Was Sliding Again Today was originally published by The Motley Fool
A Look Into Delta Air Lines Inc's Price Over Earnings
In the current session, the stock is trading at $55.76, after a 5.74% spike. Over the past month, Delta Air Lines Inc. DAL stock increased by 18.83%, and in the past year, by 70.45%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.
Evaluating Delta Air Lines P/E in Comparison to Its Peers
The P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued.
Delta Air Lines has a lower P/E than the aggregate P/E of 33.99 of the Passenger Airlines industry. Ideally, one might believe that the stock might perform worse than its peers, but it’s also probable that the stock is undervalued.
In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company’s market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company’s financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.
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Top Real Estate AI Firms Restb.ai and Lundy Team Up to Deliver A More Powerful Voice-Driven Home Shopping Experience for Agents, Buyers and Sellers
DALLAS, Oct. 16, 2024 /PRNewswire/ — In a groundbreaking collaboration, Restb.ai, the leading provider of AI-powered computer vision for real estate, and Lundy, Inc., creators of the most comprehensive voice-driven property search platform, have announced a new collaboration designed to deliver a more powerful and robust voice-driven home shopping search experience for home shoppers.
This new venture offers a significant benefit for Multiple Listing Services (MLSs). Any MLS currently utilizing Restb.ai’s AI Advanced Tagging will receive a complimentary upgrade to one of Lundy’s “Finding Homes Pro” features—expanding the capabilities for users without any additional cost.
This collaboration addresses a crucial need in the real estate industry: accessibility. According to the CDC – the U.S. Centers for Disease Control and Prevention – one in four American adults has a disability, and vision impairment ranks as one of the top five disabilities. The 2022 National Health Interview Survey revealed that over 50 million American adults experience some degree of vision loss. This includes nearly 4 million individuals who struggle to see even with corrective lenses, more than 340,000 who are blind, and 45.95 million adults who report having trouble seeing, even with glasses.
Restb.ai and Lundy combine their collective AI technology to help address this significant consumer need – and base.
“Our mission is to provide the most comprehensive search engine available by voice to ensure the homebuying journey is accessible to everyone,” said Justin Lundy, CEO of Lundy, Inc. “By joining forces with Restb.ai to leverage their market-leading computer vision technology, we’re dramatically advancing our efforts at Lundy to make voice search a staple feature for every MLS. Together, we’re setting a new standard for accessibility and user-friendly technology.”
Restb.ai notes that beyond the vital services the new combined technology provides in the marketplace, it will also help deliver safe, proven AI to more real estate agents to help more clients.
“MLSs are leading the way in delivering practical AI to hundreds of thousands of real estate professionals nationwide,” said Nathan Brannen, Chief Product Officer at Restb.ai. “By teaming up with Lundy, we’re accelerating the momentum of AI adoption in the industry, allowing agents to match homebuyers and sellers to deliver the perfect home with unparalleled speed and precision. This partnership will profoundly impact how agents serve their clients, bringing more AI innovation to the forefront of real estate.”
Lundy’s voice-driven search capabilities go beyond the limitations of traditional screen readers, providing natural language home searches without interruptions from ads or pop-ups. MLSs currently offering Lundy’s Finding Home Access benefit from a host of features, including Basic, Extended, and Scenario Search, Bilingual (English and Spanish) capabilities, and its Intelligent Listing Q&A.
The integration of Lundy’s voice-driven search capabilities with Restb.ai’s visual tagging system provides features that far exceed traditional search methods. This collaboration harnesses the full power of Restb.ai’s 700+ visual search insights, adds custom search fields, intelligent image-based filtering, and enhanced listing inquiries with voice-powered Q&A to the Finding Homes platform, significantly improving how both agents and consumers interact with property listings.
“This collaboration between Restb.ai and Lundy marks a significant step forward for the real estate industry as it helps MLSs unlock the full power of our computer vision and paves the way for AI-powered search tools to become an integral part of the home buying experience,” added Dominik Pogorzelski, General Manager MLS at Restb.ai, adding, “This is a great example of two complementary technologies coming together to better serve the customer; the whole truly is greater than the sum of its parts.”
Restb.ai offers advanced generative AI and computer vision software solutions for the MLS industry, integrated into all leading MLS technology providers, and powers many of the leading standalone MLS technology systems.
More information about Restb.ai MLS software solutions is here – restb.ai/customers/MLS.
About Lundy, Inc.
Lundy Inc. is revolutionizing the real estate industry with its innovative voice interface, Finding Homes, which offers access to property listings through voice command, made possible by its LundyAI Core language-modeling technology. The company equips agents and brokers with the capabilities of superpowered voice assistants, significantly elevating their operational effectiveness and establishing new industry benchmarks.
About Restb.ai
Restb.ai, the leader in AI-powered computer vision for real estate, provides image recognition and data enrichment solutions for many of the industry’s top brands and leading innovators. Its advanced AI-powered technology automatically analyzes property imagery to unlock visual insights at scale that empower real estate companies with relevant and actionable property intelligence. Restb.ai can provide deep insight into each of the 1 million property photos uploaded daily.
For more information on Restb.ai, visit its website. For Restb.ai-related media inquiries, please contact Maya Makarem at contact@restb.ai or maya@restb.ai or Kevin Hawkins at 1-206-866-1220 or kevin@wavgroup.com.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Billionaire Mark Cuban Warns When You Win The Lottery, Never Invest – Stick It In The Bank And Live Comfortably: 'You'll Sleep Better'
You’ve just won the lottery, and visions of luxury cars and private islands fill your head. But before you rush off to make those purchases, take a moment to consider some straightforward advice from billionaire investor Mark Cuban: don’t invest your winnings—just put it in the bank and live comfortably forever.
Don’t Miss:
While this might be surprising coming from a man who invests in new companies on Shark Tank, he acknowledges that not everyone is an investor—and he wants you to realize that, too.
In a 2016 interview with the Dallas Morning News, Cuban said, “You don’t become a smart investor by winning the lottery. Don’t make investments. You can put it in the bank and live comfortably forever.” Cuban advises keeping things simple and avoiding the temptation to make risky investments that could easily wipe out your newfound fortune. He added, “You’ll sleep a lot better knowing you won’t lose money.”
See Also: Many are using this retirement income calculator to check if they’re on pace — here’s a breakdown on how on what’s behind this formula.
Sure, it can be tempting to double your money. But unless you know what you’re doing, it’s a gamble. He says when you instantly become a millionaire — relax and enjoy the newfound wealth. Avoid the urge to flip the winnings into even more.
Lump Sum or Annuity: The First Big Decision
One of the first decisions lottery winners face is whether to take a lump sum or an annuity. If you opt for the lump sum, you’ll receive a reduced amount upfront—typically around half of the advertised jackpot after taxes. For instance, if you win a $150 million jackpot, your lump sum would be around $71.5 million. On the other hand, if you choose the annuity, you’ll receive the full jackpot amount spread out over 30 years, with payments increasing annually to adjust for inflation.
Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do — to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.
Playing It Safe in the Stock Market
Cuban suggests keeping it conservative with the stock market for those feeling nervous about the potential long-term effects of inflation on their winnings. He has been a proponent of low-cost index funds, especially for those unfamiliar with the complexities of investing. In a 2017 interview with Hayman Capital Management, reported by MarketWatch, Cuban said, “For those investors not too knowledgeable about markets, the best bet is a cheap S&P 500 fund.” This approach offers a safer, low-cost way to grow your money over time without taking on unnecessary risks.
See Also: These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends
Spend Wisely and Enjoy
Once your winnings are secure, financial advisors generally recommend tackling any high-interest debt first. After that, you can focus on covering daily expenses and perhaps allow yourself some guilt-free splurges. Cuban’s advice is not about denying yourself the good life—it’s about making sure you don’t squander your windfall on bad decisions.
By following Cuban’s straightforward advice to avoid risky investments and opt for a safe, conservative approach, lottery winners can enjoy their sudden wealth for years.
Whether you hit the lottery or not, the message still stands. Not everyone’s an investor, and it’s okay to start small. Just avoid risks that make you uncomfortable. And if you need some guidance on managing your money, talking to a financial advisor can help—even if you’re not a sudden millionaire.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Amazon Prime Video India to Introduce Ads in 2025, Intensifying Rivalry with Reliance and Disney+
In 2025, Amazon.Com Inc’s AMZN Prime Video in India will introduce limited advertisements in its shows and movies to support ongoing content investments.
The company plans to include fewer ads than traditional TV and streaming services. Prime members will also have the option to choose an ad-free version, with pricing details to be shared later.
Also Read: Amazon To Boost Workforce by 250K for 2024 Holidays, Joining Retail Hiring Surge
Prime membership prices will remain unchanged, and Prime Lite subscribers will not be affected by this change.
Amazon’s move marks its intense rivalry with Reliance and Walt Disney’s Co’s DIS $8.5 billion merger, which can potentially win 50% of India’s streaming users, Bloomberg cites data analytics firm Comscore.
Amazon remains heavily invested in India as Amazon Prime Video gained traction in the land of 1.4 billion population.
Previously, Amazon Prime Video aimed to undercut Netflix on advertising pricing to win market share.
Recently, Kelly Day of Prime Video International told Amazon that in 2025, it would place more advertisements on Prime Video shows and movies, following similar strategies from Netflix Inc NFLX and Disney+. The company gradually retracted from its “meaningfully fewer ads” plans than its competitors.
In January, Citi estimated that Prime Video could generate over $5 billion in high-margin advertising revenue.
Amazon’s digital advertising business revenues increased 20% to $12.8 billion during the second quarter of 2024.
Amazon’s pureplay streaming rival, Netflix, has gained 95% in stock value in the last 12 months. Meanwhile, Amazon, an e-commerce and cloud juggernaut, gained slightly above 40%.
Price Action: AMZN stock is down 0.86% at $186.09 at the last check Wednesday.
Also Read:
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60-Year-Old Canadian Earning $9,000 in Dividends Per Month Shares His Top 9 Stock Holdings
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Dividend investing is roaring back to the limelight as investors flock to attractive income-generating equities following the first rate cut by the Federal Reserve. Financial services company First Trust estimates that dividend-focused ETFs saw inflows worth a whopping $4.5 billion in July and August. The firm said in a report:
“If we had to pick a group that would eventually benefit the most from multiple rate cuts, we would suggest dividend-paying companies. In a market enthralled by expensive momentum stocks, quality, inexpensive dividend stocks are hiding in plain sight.”
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But which quality, inexpensive dividend stocks should you pick to increase your wealth? Inspiration and ideas come from those who are doing it right. Let’s take a look at an interesting success story.
About two years ago, a Redditor shared his detailed income report and portfolio screenshots on r/Dividends (a community with over 590,000 members on Reddit), saying that he was earning about $110,666 annually or $9,222 per month, in dividend income.
The investor, 60 and from Canada, said he planned to retire in two years. Asked why two years, since his dividend income was enough to retire immediately, the investor responded:
“It takes time to close down a practice (MD) and my youngest is still in University, so that’s a last major expense.”
Someone asked him for advice or tips. Here’s what he said:
“Basically just dca every month 15% of income. (I) didn’t really start making over 150,000 a year until 34 years old. So almost all of this has accumulated over the last 25 years. I should have pivoted to dividends earlier as many of my non dividend tech stocks have crashed hard.”
The investor said he made about $200,000 after taxes. Answering a question about how many years he’d been accumulating wealth, he said:
“30. I have paid off my house, rec property and three cars.”
Let’s look at some of the biggest holdings in the portfolio.
Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO)
Vanguard FTSE Canadian High Dividend Yield Index ETF exposes investors to some of the top high-yield Canadian dividend stocks. It tracks the FTSE Canada High Dividend Yield Index. Royal Bank of Canada (RY), Enbridge (ENB) and Toronto-Dominion Bank (TD) are among the fund’s top holdings. This was the biggest holding of the Redditor, earning over $9,000 per month in dividends, accounting for about 8.5% of the total portfolio.
Enbridge
With a dividend yield of 6.6%, Canadian energy infrastructure company Enbridge Inc. (ENB.TO) was the second biggest holding of the Redditor, earning about $9,000 per month in dividends. The stock accounted for about 6.7% of the $3.6 million portfolio. The company has consistently raised its dividends for about three decades now.
Brookfield Asset Management
Brookfield Asset Management Ltd. (BAM.TO) is a Canadian alternative investment management company that focuses on real estate, renewable power, infrastructure, credit and private equity. About 5.8% of the total portfolio of the Redditor making $9,000 per month in dividends was allocated to this company. BAM.TO has a dividend yield of about 3.3%.
Canadian Natural Resources
Canadian Natural Resources Limited (CNQ.TO) was the fourth-biggest holding of Redditor, making $9,000 in dividends a month. The stock offers a dividend yield of over 4% and the company has consistently raised dividends for 24 straight years. About 5.1% of the $3.6 million portfolio of Redditor was allocated to CNQ.
Bank of Montreal (BMO.TO)
Bank of Montreal (BMO.TO) is another top high-yield dividend stock in the investor’s portfolio, raking in over $9,000 per month in dividends. The portfolio screenshots shared by the Redditor publicly showed BMO accounted for 4.5% of the total portfolio. The stock is up 14% over the past year.
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Schwab U.S. Dividend Equity ETF
The Canadian investor earning over $9,000 monthly had about 4.1% of his total $3.6 million portfolio invested in Schwab U.S. Dividend Equity ETF (NYSE:SCHD). The ETF tracks the Dow Jones U.S. Dividend 100 Index and exposes you to some of the top dividend stocks trading in the U.S., including Home Depot, Coca-Cola, Verizon, Lockheed Martin, Pepsi and AbbVie, among many others. Since SCHD’s holdings are mostly conservative dividend payers, it’s suitable for investors close to retirement looking for consistent dividend income.
However, the investor noted a caveat of investing in SCHD for Canadian investors during the discussion:
“But the real issue with JEPI SCHD and similar is that if you hold them in Canada, you get 15% less dividend and are taxed differently on non-Canadian dividend products. If you are in the U.S., it’s more of a no-brainer when you reach retirement.”
Tourmaline Oil Corp.
Canadian natural gas company Tourmaline Oil Corp. (TOU.TO) was among Redditor’s top 10 holdings, earning $9,000 per month in dividends. When asked what stocks he thought were the best for his income portfolio, the investor said TOU stood out because of its special dividends.
Microsoft
About 3.4% of Redditor’s portfolio was invested in Microsoft Corp (NASDAQ:MSFT). The company recently raised its quarterly dividend by 10%. It offers a sweet spot between dividend income and capital gains through stock price appreciation. MSFT is up 30% over the past 12 months.
Broadcom
Broadcom Inc (NASDAQ:AVGO) usually gets attention for its AI chips instead of dividends. However, the company has a strong dividend growth track record, having raised its annual dividend for 13 consecutive years. AVGO has a dividend yield of 1.2%.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
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This article 60-Year-Old Canadian Earning $9,000 in Dividends Per Month Shares His Top 9 Stock Holdings originally appeared on Benzinga.com