September Retail Sales In Focus: Will Strong Consumer Spending Power A 'No Landing' Rally For Stocks?
A pivotal economic release is set to land this Thursday at 8:30 a.m. ET: the retail sales report for September.
This data will provide a fresh snapshot of household spending during the final month of the third quarter, offering vital clues as to whether American consumers continued to prop up the broader economic growth.
Retail sales are projected to rise by 0.3% month-over-month (m/m) in September, as per TradingEconomics consensus, marking a modest improvement from the 0.1% uptick seen in August.
Some Wall Street analysts are forecasting even stronger results. Bank of America is predicting a more robust performance, with headline retail sales potentially climbing by 0.8% for the month.
“We forecast above-consensus gains of 0.7% and 0.8% in the Census Bureau’s September estimates for retail sales excluding autos and the core control group,” said Aditya Bhave, economist at Bank of America.
“This week’s retail sales report should continue the run of hot data,” Bhave added. “A report like the one we are forecasting would be significant, since it would come on the back of very encouraging GDP and GDI revisions and a gangbusters September jobs report.”
Bank of America anticipates significant gains in spending categories like department stores, up 2.4% m/m, general merchandise, up 2.2% m/m and clothing, up 1.5%.
A robust retail sales report for September would add to the narrative that the U.S. economy is in no immediate danger of a slowdown.
The idea of a “no landing” scenario, in which the economy neither contracts sharply (a hard landing) nor cools down significantly (a soft landing), is gaining traction.
The latest data points, including the blowout 336,000 jobs added in September and stronger-than-expected GDP figures, suggest that the economy may be re-accelerating rather than slowing down.
“If retail sales accelerate considerably, in our view, the narrative may shift further toward ‘no landing’ or even re-acceleration,” Bhave added.
“‘No landing’ is bullish for stocks, in our view, as long as inflation doesn’t flare up,” Ohsung Kwon, CFA, equity analyst at Bank of America, said.
The S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust SPY, rose 0.4% during Wednesday afternoon trading in New York, sitting just 0.4 percentage points below its record high set on Monday.
Bank of America indicated that Hurricane Helene had a short-term impact on spending in parts of the southeastern U.S., including Florida, Georgia, North Carolina and South Carolina.
Card spending growth dipped in those states during the storm’s immediate aftermath, although the effect was temporary.
In the lead-up to the hurricane, there was also a notable surge in grocery spending in these areas as households prepared for the storm.
Despite the potential for strong retail sales growth, analysts at Bank of America suggest it is unlikely to alter the Fed’s current trajectory, at least in the near term.
“With policy rates still close to 5%, we think the Fed will feel comfortable cutting a few more times — two to four, perhaps — even if labor and economic activity data remain strong, as long as disinflation continues,” Bhave said.
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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
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Gross Margin: Achieving a high gross margin of 79.49%, the company performs well in terms of cost management and profitability within its sector.
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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:
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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.
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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.
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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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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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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 $16.73 as of October 15. Over the last 52-week period, shares are down 5.09%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Marten Transport visit their earnings calendar on our site.
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Empty Capsules Market Size Projected to Expand to USD 5.6 Billion by 2031, Growing at a 7.7% CAGR as Non-Gelatin Varieties Gain Popularity | Transparency Market Research
Wilmington, Delaware, United States, Transparency Market Research, Inc., Oct. 16, 2024 (GLOBE NEWSWIRE) — As per the report published by Transparency Market Research, the global empty capsules market was worth US$ 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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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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