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How To Earn $500 A Month From PepsiCo Stock Ahead Of Q3 Earnings

2024.10.07

PepsiCo, Inc. PEP will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 8.

Analysts expect the Purchase, New York-based company to report quarterly earnings at $2.29 per share, up from $2.25 per share in the year-ago period. PepsiCo is projected to report revenue of $23.82 billion, up from $23.45 billion, according to data from Benzinga Pro.

Some investors may be eyeing potential gains from PepsiCo’s dividends. The company currently offers an annual dividend yield of 3.23%. That’s a quarterly dividend amount of $1.3550 per share ($5.42 a year).

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $185,943 or around 1,107 shares. For a more modest $100 per month or $1,200 per year, you would need $37,121 or around 221 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($5.42 in this case). So, $6,000 / $5.42 = 1,107 ($500 per month), and $1,200 / $5.42 = 221 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

Price Action: Shares of PepsiCo fell 0.3% to close at $167.97 on Friday.

On Oct. 4, RBC Capital analyst Nik Modi maintained PepsiCo with a Sector Perform and lowered the price target from $177 to $176.

Barclays analyst Lauren Lieberman cut the price target from $187 to $186.

Read More:

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Economics News

Polyamide Market to Reach $55.1 Billion, Globally, by 2033 at 5.7% CAGR: Allied Market Research

2024.10.07

Wilmington, Delaware , Oct. 07, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Polyamide Market by Polyamide Types (Polyamide (PA6), Polyamide (PA11), Polyamide (PA12), Polyamide (PA66), Others), End-Use Industry (Textiles, Packaging Materials, Electrical Insulation, Automotive and Pharmaceutical): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the polyamide market was valued at $31.6 billion in 2023, and is estimated to reach $55.1 billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.

Prime determinants of growth

Polyamides are among the most important and useful technical thermoplastics due to their outstanding wear resistance, good coefficient of friction, and very good temperature and impact properties. In addition, nylon polyamide exhibits very good chemical resistance and is a special oil resistant plastic. This excellent balance of properties makes the PA polymer an ideal material for metal replacement in applications, such as automotive parts, industrial valves, railway tie insulators and other industry uses, whose design requirements include high strength, toughness and weight reduction. All these factors are expected to drive the demand for polyamide market growth.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A11472

Report coverage & details:

Report Coverage	Details
Forecast Period	2024–2033
Base Year	2023
Market Size in 2023	$31.6 billion
Market Size in 2033	$55.1 billion
CAGR	5.7%
No. of Pages in Report	340
Segments Covered	Polyamide Type, End-use industry, and Region.
Drivers	Demand for sustainable and bio-based polyamides Advancements in polyamide composite materials
Opportunity	Innovations in polyamide production technologies.
Restraint	Fluctuating raw material prices.

Polyamide (PA6) segment is expected to experience the fastest growth throughout the forecast period.

By polyamide type, the polyamide (PA6) segment held the highest market share in 2023 and is estimated to maintain its leadership status throughout the forecast period. Polyamide 6 (PA6) plays a pivotal role in driving the demand for the polyamide market due to its unique combination of properties, cost-effectiveness, and versatility. PA6 is increasingly used for manufacturing lightweight, durable components.

The textiles segment is expected to experience the fastest growth throughout the forecast period.

By end-use industry, the textiles segment held the highest market share in 2023 and is estimated to maintain its leadership status throughout the forecast period. Polyamides, commonly known as nylons, are highly valued in the textile industry for their exceptional properties such as high strength, elasticity, abrasion resistance, and chemical resistance. These characteristics make polyamides ideal for a wide range of textile applications, such as apparel, industrial fabrics, and home textiles.

Procure Complete Report (340 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/polyamide-market

Asia-Pacific is expected to experience fastest growth throughout the forecast period

Based on region, Asia-Pacific is the fastest growing region in terms of revenue in 2023. Rapid expansion of polyamide market in automotive industry in various countries such as China, Japan, South Korea, and India. Polyamides, known for their lightweight, durability, and excellent mechanical properties, are increasingly being used in automotive applications to improve fuel efficiency and reduce emissions. With the automotive industry shifting towards electric vehicles (EVs), the need for lightweight materials to offset the weight of batteries is further propelling the demand for polyamides.

Leading Market Players:

Mitsubishi Chemical Group Corporation.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/polyamide-market/purchase-options

The report provides a detailed analysis o f these key players in the global polyamide market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

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Earnings News

3 High-Yield Dividend Stocks Analysts Favor as Rates Drop

2024.10.07

High-yield dividend stocks are returning to the spotlight as interest rates descend from record highs following the Federal Reserve’s recent 50-basis-point rate cut. With analysts increasingly bullish on certain large-cap names, there’s a compelling case for investors to consider adding these income-generating stocks to their portfolios.

Below, let’s take a closer look at three large-cap stocks that boast attractive dividend yields, positive analyst sentiment, and potential upside.

Kraft Heinz

Kraft Heinz Co. KHC, a global food and beverage giant, is known for its iconic brands like Heinz, Kraft, Oscar Mayer, and Planters. Along with its well-established history of producing household staples, Kraft Heinz has long been a favorite among income investors due to its substantial dividend yield. Currently, the stock offers a 4.55% yield, paired with a relatively low price-to-earnings (P/E) ratio of 15.3, making it appealing to both income and value investors.

While the stock is down 4.8% year-to-date (YTD), it’s currently in a bullish consolidation pattern, with its moving averages converging. This technical setup suggests that bullish momentum could accelerate if Kraft Heinz breaks above its downtrend resistance at around $36.

Analysts are cautiously optimistic, with six out of 11 rating the stock a Buy, four a Hold, and only one recommending it as a sell. The consensus price target suggests a nearly 7% upside, making it a stock worth watching. Kraft Heinz is projected to grow earnings by 4.3% over the next year, potentially making it a solid pick for income and value-growth-oriented investors.

Truist Financial

Truist Financial Corporation TFC, a prominent U.S. bank holding company, has also caught the eye of income investors thanks to its impressive 4.99% dividend yield. With a market capitalization of $55.8 billion, Truist offers financial services across various sectors and has been performing steadily in 2024. The stock is up 13% YTD, adding to its appeal as both a growth and income investment.

Technically, the stock is in a consolidation phase near a potential breakout point at $43, with momentum on its side. Its forward P/E ratio of 10.4 signals it may still be undervalued. Analysts are fairly optimistic, with 11 out of 22 rating the stock a Buy, while the other 11 recommend it as a Hold. The consensus price target indicates a nearly 9% upside, making it an attractive option for investors seeking value and dividends.

It’s also worth noting that Truist Financial’s upcoming earnings report, scheduled for October 17, could be a significant catalyst. In its last earnings report, released on July 22, the bank reported earnings per share (EPS) of $0.91, beating the consensus estimate of $0.84. With strong quarterly earnings and an attractive dividend yield, Truist remains a compelling option for those seeking exposure to the financial sector.

Chevron

Chevron CVX is a global leader in the energy sector and the second-largest integrated oil company in the U.S. It has a deep-rooted history in the industry and worldwide operations. Chevron has become a cornerstone of many dividend-focused portfolios. The stock currently sports a 4.35% dividend yield and a P/E ratio of 13.7, making it attractive for value and income investors alike.

Analysts are exceptionally bullish on Chevron. Of the 19 analysts covering the stock, 13 rate it a Buy. The consensus price target points to a nearly 20% upside, bolstering the argument that Chevron might still have room to run, especially in the current energy environment.

On the technical side, the stock broke above a critical resistance level yesterday, gaining 1.65% in a single day as rising tensions in the Middle East drove oil prices higher. This move suggests Chevron could be positioned for further upside as oil prices continue to rise and demand remains strong.

The article “3 High-Yield Dividend Stocks Analysts Favor as Rates Drop” first appeared on MarketBeat.

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Markets News

Here's Why You Should Add FMC Stock to Your Portfolio Now

2024.10.07

FMC Corporation‘s FMC stock looks promising at the moment. It benefits from efforts to expand its product portfolio through new product launches and its restructuring actions.

Let’s see what makes FMC stock a compelling investment option at the moment.

FMC Stock Outperforms Industry

FMC has outperformed the industry it belongs to over the past three months. The company’s shares have gained 13.8% compared with a 7.7% rise of its industry.

Zacks Investment Research

Image Source: Zacks Investment Research

FMC’s Valuation Looks Attractive

FMC’s attractive valuation should lure investors seeking value. The stock is currently trading at a forward 12-month earnings multiple of 14.52X, representing a roughly 12.4% discount when stacked up with the industry average of 16.58X. FMC also has a Value Score of B.

FMC’s Earnings Estimates Going Up

Earnings estimates for FMC have been going up over the past 60 days. The Zacks Consensus Estimate for 2024 has increased by 0.6%. The consensus estimate for 2025 has also been revised 3.5% upward over the same time frame.

New Products, Restructuring Actions Aid FMC Stock

FMC remains focused on strengthening its product portfolio. It is investing in technologies as well as new product launches to enhance value to the farmers. New products launched in Europe, North America and Asia are gaining significant traction. Product introductions are expected to support the company’s results this year.

FMC generated $590 million in sales in 2023 from new products launched in the past five years. It expects revenues from new products to grow by roughly $200 million in 2024. It expects a significant amount of volume growth to come from new products in the second half of 2024. FMC is seeing strong gains in new products including Coragen eVo and Premio Star insecticides and the Onsuva fungicide in Latin America.

The acquisition of BioPhero ApS, a Denmark-based pheromone research and production company, also adds biologically produced state-of-the-art pheromone insect control technology to the company’s product portfolio and R&D pipeline, highlighting FMC’s role as a leader in delivering innovative and sustainable crop protection solutions.

The company is also expected to benefit from reduced input costs, favorable product mix and its cost-control actions. It benefited from favorable input costs in the second quarter of 2024. FMC is also making progress with its global restructuring and cost-reduction program. It sees benefits from restructuring to contribute $75-$100 million to full-year 2024 adjusted EBITDA, net of inflation.

FMC Corporation Price and Consensus

FMC Corporation price-consensus-chart | FMC Corporation Quote

FMC’s Zacks Rank & Other Key Picks

FMC currently carries a Zacks Rank #2 (Buy).

Other top-ranked stocks in the Basic Materials space are IAMGOLD Corporation IAG, Cabot Corporation CBT and Axalta Coating Systems Ltd. AXTA. While IAMGOLD sports a Zacks Rank #1 (Strong Buy), Cabot and Axalta Coating carry a Zacks Rank #2.

The Zacks Consensus Estimate for IAMGOLD’s current-year earnings has increased by 45.4% in the past 60 days. IAG beat the consensus estimate in each of the last four quarters with the average surprise being 200%. Its shares have shot up roughly 132% in the past year.

The consensus estimate for Cabot’s current fiscal year earnings is pegged at $7.07 per share, indicating a year-over-year rise of 31.4%. The consensus estimates for CBT’s current-year earnings has increased by 4.3% in the past 60 days. The company’s shares have rallied roughly 61% in the past year.

The Zacks Consensus Estimate for Axalta Coating’s current year earnings is pegged at $2.07, indicating a rise of 31.9% from year-ago levels. The Zacks Consensus Estimate for AXTA’s current year earnings has increased 2.5% in the past 60 days. The stock has gained around 32% in the past year.

To read this article on Zacks.com click here.

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Earnings News

Legacy Education Reports Results for Fourth Quarter and Full Year 2024

2024.10.07

High Demand Fuels Positive Growth Outlook for 2024

TEMECULA, Calif., Oct. 7, 2024 /PRNewswire/ — Legacy Education Inc. LGCY, an award-winning, nationally accredited, for-profit post-secondary education company founded in 2009, today announced financial and operating results for the fourth quarter and full year ended June 30, 2024.

Fourth Quarter 2024 Financial Highlights

Revenue grew 34.1% to $12.8 million
New student starts increased 27.1%
EBITDA of $0.9 million and adjusted EBITDA of $2.7 million
Net income of $1.0 million
Earnings per share of $0.10

Full Year 2024 Financial Highlights

Revenue grew 29.7% to $46.0 million
New student starts increased 21.8%
EBITDA of $6.5 million and adjusted EBITDA of $8.4 million
Net income of $5.1 million
Earnings per share of $0.55
Ended year with student population of 2,187, 28.3% higher than 2023

“We are pleased to report results in our annual earnings report, underscoring Legacy Education Inc.’s commitment to delivering high-quality educational experiences,” said LeeAnn Rohmann, Chief Executive Officer. “This year’s performance reflects our strategic growth initiatives and dedication to empowering individuals through transformative learning. We remain focused on expanding our reach and enhancing the value we provide to our students, partners and shareholders.”

YEAR END FINANCIAL RESULTS

(Year ended June 30, 2024 compared to June 30, 2023)

Revenue was approximately $46.0 million in fiscal 2024 compared to approximately $35.5 million in fiscal 2023, an increase of approximately $10.5 million, or approximately 29.7%. The increase was primarily due to increased student enrollment and the increase in pricing of certain programs.
Educational services was approximately $26.4 million in fiscal 2024 compared to approximately $20.8 million in fiscal 2023, an increase of approximately $5.6 million, or approximately 26.8%. The increase is primarily a result of increased instructional and staffing required to support the increase in enrollments as well as a non-cash compensation charge of approximately $1.9 million related to stock option grants, of which, approximately $1.8 million pertain to options that vested immediately upon the granting of the awards.
General and administrative expense was approximately $13.0 million in fiscal 2024, compared to approximately $10.7 million in fiscal 2023, an increase of approximately $2.3 million, or approximately 22.0%. The increase was primarily related increased marketing and bad debt expense. We anticipate general and administrative expense will continue to increase as our business continues to move towards decentralization, reflecting (i) that we are now more corporate and campus-based, with additional management overseeing various campuses, and (ii) additional professional fees as we pursue potential acquisitions of new institutions. Of the total general and administrative expense, $4.1 million and $3.5 million related to sales and marketing expense for fiscal 2024 and 2023, respectively

		(Table to Follow in Thousands)
		Three Months Ended		Year Ended
		June 30		June 30
		2024	2023	2024	2023
		Unaudited	Unaudited
REVENUE
	Tuition and related income, net	$ 12,752,420	$ 9,509,864	$ 46,000,316	$ 35,455,948
OPERATING EXPENSES
	Educational services	8,548,697	5,600,550	26,351,326	20,785,421
	General and administrative	3,253,367	2,722,619	12,999,164	10,651,402
	General and administrative – related party	42,000	47,000	168,000	173,000
	Depreciation and amortization	75,865	55,306	265,036	224,488
Total costs and expenses		11,919,929	8,425,475	39,783,526	31,834,311

OPERATING INCOME		832,491	1,084,389	6,216,790	3,621,637

Interest expense		(14,864)	(16,943)	(118,162)	(96,259)
Interest income		359,814	190,438	886,834	339,102
Total other income		344,950	173,495	768,672	242,843

INCOME BEFORE INCOME TAXES		$ 1,177,441	$ 1,257,884	$ 6,985,462	$ 3,864,480

Income tax expense		(216,099)	(463,121)	(1,870,610)	(1,197,741)
Net income (loss)		961,342	794,763	$ 5,114,852	2,666,739

	Net income per share
	Basic net income per share	$ 0.10	$ 0.09	$ 0.55	$ 0.29
	Diluted net income per share	$ 0.10	$ 0.08	$ 0.53	$ 0.28

	Basic weighted average shares outstanding	9,291,149	9,254,881	9,291,149	9,216,949

	Diluted weighted average shares outstanding	9,691,149	9,654,881	9,691,149	9,616,949

(1) Shares outstanding and per share amounts have been retroactively adjusted to reflect the 2-for-1 reverse split of our common stock effected on September 9, 2024.

Selected Consolidated Balance Sheet Data:		June 30, 2024


Cash and cash equivalents		$ 10,376,149
Current assets		24,587,609
Total assets		35,173,050
Current liabilities		10,466,242
Total stockholders’ equity		22,419,012

Important Information Regarding Non-GAAP Financial Information

To supplement Legacy Education’s consolidated financial statements presented in accordance with GAAP, Legacy Education furnishes certain adjusted non-GAAP supplemental information to our financial results regarding EBITDA and adjusted EBITDA. This reconciliation adjust the related GAAP financial measures to exclude operating income to adjust the impact of non cash compenation in the periods presented. We use such adjusted non-GAAP financial measures to evaluate our period-over-period operating performance because our management team believes that by excluding the effects of such adjusted GAAP-related items that, in their opinion, do not reflect the ordinary earnings of our operations, it enhances investors’ overall understanding of our current financial performance and our prospects for the future by (i) providing a more comparable measure of our continuing business, as well as greater understanding of the results from the primary operations of our business, (ii) affording a view of our operating results that may be more easily compared to our peer companies, and (iii) enabling investors to consider our operating results on both a GAAP and adjusted non-GAAP basis (including following the integration period of our prior and proposed acquisitions). However, this adjusted non-GAAP information is not in accordance with, or an alternative to, generally accepted accounting principles in the United States (“GAAP”) and should be considered in conjunction with our GAAP results as the items excluded from the adjusted non-GAAP information may have a material impact on Legacy’s financial results. A reconciliation of adjusted non-GAAP adjustments to Legacy’s GAAP financial results is included in the tables at the end of this press release.

In the noted fiscal periods, we adjusted net income for the items identified from our GAAP financial results to arrive at our adjusted non-GAAP financial measures:

Stock-based compensation – We exclude stock-based compensation to be consistent with the way management and, in our view, the overall financial community, evaluates our performance and the methods used by analysts to calculate consensus estimates. The expense related to stock-based awards is generally not controllable in the short-term and can vary significantly based on the timing, size and nature of awards granted. As such, we do not include these charges in operating plans.

RECONCILIATION OF NET INCOME, EBITDA, AND ADJUSTED EBITDA

	Three Months Ended		Year Ended
	June 30		June 30


	2024	2023	2024	2023
Net income	$ 961,342	$ 794,763	$ 5,114,852	$ 2,666,739

Adjusted to exclude the following:

Interest expense (income), net	(344,950)	(173,495)	(768,672)	(242,843)
Provison for income taxes	216,099	463,121	1,870,610	1,197,741
Depreciation and amortization	75,865	55,306	265,036	224,488
EBITDA	908,356	1,139,695	6,481,826	3,846,125


Non cash compensation	1,882,064	0	1,882,064	0


Adjusted EBITDA	$ 2,790,420	$ 1,139,695	$ 8,363,890	$ 3,846,125

ABOUT LEGACY EDUCATION

Legacy Education LGCY is an award-winning, nationally accredited, for-profit post-secondary education company founded in 2009. Legacy Education provides career-focused education primarily in the healthcare field, with certificates and degrees for nursing, medical technicians, dental assisting, business administrative, and several others. The company offers a wide range of educational programs and services to help students achieve their professional goals. Legacy Education’s focus is on providing high-quality education that is accessible and affordable. Legacy Education is committed to growing it’s education footprint via organic enrollment growth, addition of new programs and accretive acquisitions. For more information, please visit www.legacyed.com or on LinkedIn @legacy-education-inc.

FORWARD-LOOKING STATEMENTS

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates, expected use of proceeds, the Company’s operations and business strategy and the Company’s expected financial results. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management’s current expectations and are subject to substantial risks, uncertainty and changes in circumstances. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described in the section entitled “Risk Factors” in Legacy’s most recent Annual Report on Form 10-K and Legacy’s other filings made with the U.S. Securities and Exchange Commission. All such statements speak only as of the date of this press release. Consequently, forward-looking statements should be regarded solely as Legacy’s current plans, estimates, and beliefs. Legacy cannot guarantee future results, events, levels of activity, performance or achievements. Legacy does not undertake and specifically declines any obligation to update or revise any forward-looking statements to reflect new information, future events or circumstances or to reflect the occurrences of unanticipated events, except as may be required by applicable law.

Contact Legacy Education Inc.
Investor Relations
ir@legacyed.com

Amato and Partners, LLC
Investors Relations Council
admin@amatoandpartners.com

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SOURCE Legacy Education Inc.

Economics News

What's Going On With The US Economy And The Federal Reserve?

2024.10.07

Last Friday’s US economic data showed a big beat across the board. Nonfarm Payrolls beat all expectations at 254K, Unemployed dropped to 4.1% and average hourly earnings came in at 4.0% YoY. So, is everything rosy in the US economy? If yes, why is the Federal Reserve cutting rates?

Let’s take things from the beginning. The Fed but 50bps in the last meeting, when most economic data suggested that there was no need at all:

GDP growth QoQ is averaging around 3%.
Unemployment is in the low 4% area.
Inflation has been dropping but still well above the 2% target.

Perhaps the Fed is forecasting an upturn in unemployment and a further fall in inflation & GDP, and they – uncharacteristically – are trying to be proactive rather than reactive. It’s likely that their main concern is unemployment, as they consider the inflation issue “resolved” now.

Headline employment numbers might look good on paper, but what happens when we dig deeper into the details? The picture is certainly less rosy:

The vast majority of job gains was in government and healthcare, while the private sector jobs were stagnant.
Many of the job gains are attributed to immigrants, rather than native US citizens.
The number of individuals holding multiple jobs hit new all-time highs. Is this because people love taking more jobs in order to earn more money, or is it due to necessity in order to make ends meet? My guess is the latter.
We also need to remember that these numbers get heavily revised (usually to the downside), with the last revision being over 800k lower.

Politicians keep “reminding” people that the US economy is in great shape, but what’s really driving it? Both the government and individuals are loading up on record debt – the US Debt/GDP has soared to 120% and credit card debt has hit new all-time highs.

So, what’s my takeaway from all this, at least in the short to medium term?

I think that the underlying condition of the US economy is worse than the headline numbers suggest.
The Fed may need to ease more than markets expect, bringing yields lower. This is a much-needed outcome for the government, whose interest expense is growing at an alarming rate (currently above 1/3 of total tax receipts). There is still strong demand for US treasuries and of course the Fed is ready to help in case more buying firepower is needed.
Low yields bring support to equities and with the US elections only weeks away, the government will want to do everything in its power to avoid a downturn.
None of the two presidential candidates (Trump and Harris) even mentioned the spiraling debt problem, suggesting that they will do nothing to address it. A Trump win will be theoretically good for the US Dollar, while a Harris presidency will likely mean much looser monetary & fiscal policies.

I think that yields and the USD will eventually move to higher levels, but for the next few weeks and months the most likely scenario is a continuation lower.

The 10y UST yield has recently bounced from its 3.60% lows and it could well continue towards the 50% Fibonacci retracement and 200DMA that comes in at around 4.17%; however, I think that the 3.25%-3.35% support zone will be retested.

The DXY index is also rebounding and could continue towards the 23.6% Fibonacci retracement at 103.16, but it’s quite probable that it will then resume its move lower towards the 99.50 lows.

I am not in the camp of those who are calling for a US debt default or a change in the world’s reserve currency. I believe that the US will eventually regain its former glory via better fiscal and economic policies – however, the path in the next weeks and months will be a very difficult one.

Stelios Contogoulas

Forex Analytix

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Markets News

Chinese Stock Surge: Should You Invest After Stimulus Boost?

2024.10.07

Chinese stocks have been on a tear recently, surging higher by as much as 50% in some cases, following the Chinese government’s announcement of a series of measures to stimulate the slowing economy. The rally has sparked immense excitement among investors, who now wonder if the uptrend will continue or if it’s a temporary surge.

Stimulus Injects Optimism in Chinese Stocks

For months, Chinese equities had been underperforming due to many factors, including a sluggish economy, high interest rates, and a slow property market. As a result, many Chinese stocks were trading at depressed levels. That narrative shifted last week when Beijing began rolling out stimulus measures to combat the broader economic slowdown. Adding to the optimism was a recent announcement from China’s central bank on Sunday, stating that it would instruct banks to lower mortgage rates for existing home loans by October 31. This move is part of a broader plan to support China’s struggling real estate market, which has significantly affected the economy.

In conjunction with the central bank’s move, Guangzhou, one of China’s largest cities, announced the removal of all restrictions on home purchases. Similarly, Shanghai and Shenzhen also eased their respective curbs on buying properties. These sweeping reforms have contributed to the positive momentum, with Chinese equities posting substantial gains. For instance, the iShares China Large-Cap ETF FXI jumped over 20% last month, with heavyweight companies like Alibaba and JD.com rallying 31% and 51%, respectively.

With this backdrop, the question is whether investors should chase the rally or wait for a pullback. While the economic stimulus has driven significant gains, some technical indicators suggest the rally could run out of steam in the short term. Let’s dive into the technicals of two prominent dual-listed Chinese stocks, Alibaba and JD.com, to assess whether the risk-reward remains favorable for investors at these elevated levels.

Alibaba’s 38% YTD Gain Marks a Turnaround for Long-Term Investors

Alibaba Group Holding BABA, China’s internet retail giant, has seen a remarkable 31% surge over the past month, which has turned its year-to-date (YTD) performance positive, now up 38%. After enduring a prolonged period of underperformance, where the stock hovered near its 52-week lows for more than a year, the recent breakout has been a welcome change for long-term investors. The rally allowed BABA to break through resistance and finally escape its downtrend.

From a valuation standpoint, Alibaba remains appealing with a forward P/E of 11.17, positioning it as a solid long-term investment opportunity. However, in the short term, caution may be warranted. The stock’s Relative Strength Index (RSI) has climbed to 79, suggesting it has entered overbought territory. On Monday, the stock gave back some gains after initially gapping up, signaling that it might be digesting its recent move and possibly pulling back.

For investors with a long-term outlook, BABA still offers compelling value. However, it might be wise to exercise patience in the short term. The stock could find more attractive support closer to the $100 level, where it may stabilize before resuming its upward trajectory.

JD.com’s Rapid Rally Signals Potential Pullback After RSI Hits 85

JD.com JD, another consumer discretionary Chinese internet retail giant, has similarly exploded higher, with gains of 51% over the past month and 38% YTD. Like Alibaba, JD was trading near its 52-week lows before the recent surge, and the stock is now up 92% from those lows.

However, JD’s rapid ascent has pushed its RSI to 85.67, which indicates extreme overbought conditions. This suggests a short-term pullback is highly likely, as stocks rarely maintain high RSI levels for extended periods without some price consolidation. A potential support area for JD could be in the $36-$38 range, where previous resistance might now serve as a floor.

Despite the likelihood of a pullback, JD remains an attractive long-term play. The company trades at a P/E of 14.55 and a forward P/E of 9.61, placing it firmly in value territory. Analysts are also bullish on JD, with 10 rating the stock a “Buy” and four as a Hold, resulting in a consensus Moderate Buy rating.

The article “Chinese Stock Surge: Should You Invest After Stimulus Boost?” first appeared on MarketBeat.

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Earnings News

Chart Industries Clinches IPSMR & Liquefaction Equipment Order

2024.10.07

Chart Industries, Inc. GTLS recently secured a contract from Exxon Mobil Corporation XOM to provide its IPSMR (Integrated Pre-Cooled Single Mixed Refrigerant) liquefaction technology and proprietary equipment. GTLS’ advanced liquefaction technology will be used for the Rovuma LNG (liquefied natural gas) project on the Afungi peninsula in Mozambique.

The Rovuma LNG Project is operated by Mozambique Rovuma Venture (“MRV”), a joint venture between ExxonMobil, Eni and China National Petroleum Corporation (“CNPC”). MRV owns a 70% interest in Area 4 concession of the Rovuma Basin while the remaining stake is held by ENH (10%), Galp (10%) and KOGAS (10%).

The Rovuma LNG project will be responsible for producing, liquefying and selling natural gas from reservoirs of the Area 4 block of the offshore Rovuma Basin. The project will carry a total LNG capacity of 18 million tons per annum (MTA), consisting of 12 modules with a 1.5 MTA capacity each.

Chart Industries’ IPSMR technology helps to enhance efficiency and performance in liquefaction systems. Its modular design facilitates customization, thereby improving adaptability to various site conditions and gas turbine power specifications. It will help the Rovuma LNG Project to optimize resource utilization, reduce operational costs and minimize greenhouse gas emissions.

Other Notable Deals

In May 2024, Chart Industries secured an order from Repsol to provide its advanced Howden hydrogen compression solutions for the expansion project of Repsol’s Sines industrial complex in Portugal.

Also, in March 2024, the company secured an order from Element Resources for its California-based green hydrogen production facility, Lancaster Clean Energy Center. Per the deal, Chart Industries will supply hydrogen liquefaction systems, liquid hydrogen storage tanks, trailer loadout bays, transport, ISO containers and hydrogen compression for storage, distribution and heavy-duty fueling to the facility.

Price Performance of GTLS Stock

Zacks Investment Research

Image Source: Zacks Investment Research

In the past three months, the Zacks Rank #5 (Strong Sell) company’s shares have lost 11.1% against the industry’s 10.4% growth. It has been witnessing lower orders in the Heat Transfer Systems unit, which declined 9.4% year over year in second-quarter 2024. Headwinds from supply-chain constraints and increasing raw materials costs also remain concerning. GTLS anticipates generating sales in the range of $4.45-$4.60 billion in 2024, lower than $4.7-$5.0 billion projected earlier.

The Zacks Consensus Estimate for earnings is pegged at $10.46 per share for 2024, indicating a decrease of 4% from the 60-day-ago figure.

Stocks to Consider

Some better-ranked companies from the same space are discussed below.

Graham Corporation GHM currently sports a Zacks Rank #1 (Strong Buy).

GHM delivered a trailing four-quarter average earnings surprise of 133.3%. In the past 60 days, the Zacks Consensus Estimate for Graham’s fiscal 2025 earnings has increased 17.3%.

Crane Company CR presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 11.2%.

In the past 60 days, the Zacks Consensus Estimate for CR’s 2024 earnings has increased 0.6%.

Parker-Hannifin Corporation PH currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 11.2%.

In the past 60 days, the consensus estimate for Parker-Hannifin’s fiscal 2025 earnings has increased 1.4%.

To read this article on Zacks.com click here.

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Markets News

Spotlight on Coinbase Glb: Analyzing the Surge in Options Activity

2024.10.07

Investors with a lot of money to spend have taken a bearish stance on Coinbase Glb COIN.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with COIN, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga‘s options scanner spotted 98 uncommon options trades for Coinbase Glb.

This isn’t normal.

The overall sentiment of these big-money traders is split between 43% bullish and 47%, bearish.

Out of all of the special options we uncovered, 17 are puts, for a total amount of $1,448,006, and 81 are calls, for a total amount of $6,952,867.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $2.5 and $500.0 for Coinbase Glb, spanning the last three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coinbase Glb’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coinbase Glb’s substantial trades, within a strike price spectrum from $2.5 to $500.0 over the preceding 30 days.

Coinbase Glb 30-Day Option Volume & Interest Snapshot

Options Call Chart

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
COIN	PUT	TRADE	NEUTRAL	12/20/24	$130.5	$129.55	$130.0	$300.00	$624.0K	51	0
COIN	CALL	SWEEP	BULLISH	01/16/26	$170.65	$167.0	$168.97	$2.50	$507.1K	81	85
COIN	CALL	TRADE	NEUTRAL	01/16/26	$173.5	$169.5	$171.53	$2.50	$171.5K	81	35
COIN	CALL	SWEEP	BULLISH	03/21/25	$40.25	$39.8	$40.2	$160.00	$140.7K	580	1.0K
COIN	CALL	SWEEP	BEARISH	03/21/25	$40.1	$40.05	$40.05	$160.00	$140.1K	580	930

About Coinbase Glb

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

After a thorough review of the options trading surrounding Coinbase Glb, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Coinbase Glb

With a volume of 4,232,589, the price of COIN is up 0.12% at $171.12.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 24 days.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coinbase Glb options trades with real-time alerts from Benzinga Pro.

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Economics News

Graphene Market to Reach $1.4 Billion, Globally, by 2028 at 34.6% CAGR: Allied Market Research

2024.10.07

Wilmington, Delaware , Oct. 07, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Graphene Market by Type (Mono-layer & Bi-layer Graphene and Few Layer Graphene (FLG), Graphene Oxide (GO), Graphene Nano Platelets (GNP)), and Application (Electronics, Composites, Energy storage, Paint, Coatings & Inks, Tires and Others): Global Opportunity Analysis and Industry Forecast, 2024-2028″. According to the report, the graphene market was valued at $0.3 billion in 2023, and is estimated to reach $1.4 billion by 2028, growing at a CAGR of 34.6% from 2024 to 2028.

Prime determinants of growth

The global graphene market is experiencing growth due to several factors such as rise in use in electronics and electrical gadgets and environmental and sustainability benefits. However, high material cost and scalability challenges hinder the market growth. Moreover, advancements in production techniques present growth opportunities for the market. Advancements in functionalization techniques have unlocked new possibilities for graphene’s integration into diverse applications. Functionalization allows researchers to tailor graphene’s properties to suit specific requirements, enhancing its compatibility with various materials and processes. Functionalized graphene derivatives exhibit improved dispersion, stability, and compatibility, enabling seamless integration into composites, coatings, and electronic devices.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/460

Report coverage & details:

Report Coverage	Details
Forecast Period	2024–2028
Base Year	2023
Market Size in 2023	$0.3 billion
Market Size in 2028	$1.4 billion
CAGR	34.6%
No. of Pages in Report	410
Segments Covered	Type, Application, and Region.
Regional Scope	North America, Europe, Asia Pacific, LAMEA
Drivers	Increasing use in electronics and electrical gadgets Environmental and sustainability benefits
Opportunity	Advancements in production techniques
Restraint	High material cost and scalability challenges

Graphene nano platelets (GNP) segment maintains its dominance by 2028

By type, the graphene nano platelets (GNP) segment held the highest market share in 2023 and is estimated to maintain its leadership status during the forecast period. GNPs’ large surface area and high aspect ratio contribute to their exceptional electrical and thermal conductivity. These properties make GNPs attractive candidates for enhancing the performance of electronic devices, batteries, and thermal management systems. By incorporating GNPs into conductive inks, coatings, and composites, manufacturers achieve higher conductivity, lower resistance, and improved heat dissipation, thereby enhancing the efficiency and reliability of electronic and thermal systems.

Energy storage segment is expected to lead the trail by 2028

Based on application, the energy storage segment held the highest market share in 2023 and is estimated to dominate during the forecast period. Graphene’s mechanical strength and flexibility play a crucial role in energy storage applications. By incorporating graphene into battery electrodes and electrolytes, researchers improve the mechanical stability and durability of energy storage devices, leading to longer lifespan and enhanced safety. Moreover, graphene’s flexibility allows for the development of bendable and stretchable energy storage solutions creates new possibilities for integration into wearable electronics and flexible displays.

Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/graphene-market

Asia-Pacific is expected to dominate the market during the forecast period

Based on region, Asia-Pacific was the fastest growing region in terms of revenue in 2023. Asia-Pacific electronics industry serves as a major catalyst for graphene adoption. As the world’s largest consumer electronics market, the region’s demand for smaller, faster, and more energy-efficient devices creates a compelling case for integrating graphene into electronic components. Graphene’s exceptional electrical conductivity, mechanical flexibility, and thermal stability make it an ideal candidate for enhancing the performance of semiconductors, batteries, displays, and sensors, thus driving innovation and differentiation in the electronics sector.

Leading Market Players:

Applied Graphene Materials

CVD Equipment Corporation

NANOTEK INSTRUMENTS INC

Vorbeck Materials Corp.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/graphene-market/purchase-options

The report provides a detailed analysis of these key players in the global graphene market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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