Holding Period Return – Beacon at Bangsar http://beaconatbangsar.com/ Wed, 23 Nov 2022 03:31:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://beaconatbangsar.com/wp-content/uploads/2021/03/cropped-icon-32x32.png Holding Period Return – Beacon at Bangsar http://beaconatbangsar.com/ 32 32 With rising interest rates, fixed income instruments have become attractive. What are your options? – BusinessToday https://beaconatbangsar.com/with-rising-interest-rates-fixed-income-instruments-have-become-attractive-what-are-your-options-businesstoday/ Wed, 23 Nov 2022 03:31:56 +0000 https://beaconatbangsar.com/with-rising-interest-rates-fixed-income-instruments-have-become-attractive-what-are-your-options-businesstoday/

The year 2022 has seen unprecedented events. As the world emerged from the disruption caused by Covid-19, the onset of the Russian-Ukrainian conflict, coupled with other economic headwinds, led to a spike in commodity prices, causing even more volatility in financial markets. of the whole world. Many developed countries have been hitting high inflation rates for several decades, forcing their central banks to opt for inflation-targeting monetary policy, which has led to an aggressive rate hike cycle. As a result, interest rates have skyrocketed globally and most currencies have become even more volatile.

With us, the situation is not very different. The Reserve Bank of India (RBI) has also hiked the repo rate – the rate at which banks borrow from the central bank – four times since May 2022, and it is expected to raise policy rates further before pausing. Against this backdrop, fixed deposit (FD) rates rose slightly. In such a scenario, the question arises: should we invest in FDs to take advantage of rising rates? Or are debt funds a better option when many believe interest rates are approaching their peak? Or is it better to invest in corporate bonds?

Let’s take a look at the state of the different segments of fixed income securities and the strategy to follow to get the maximum benefit from them.

Debt funds

Let’s start with debt funds. The RBI has raised rates and reduced liquidity in the system over the past year, leading to higher yields across all maturities. Example: Over the past five months, the repo rate has been raised by 190 basis points (bps) to 5.9%, while the benchmark 10-year G-sec yield has risen by 160 bps to 7, 4%. Thus, over the past year, debt funds have not performed well, as they have seen the prices of their holdings fall; because, when interest rates rise, bond prices fall and since debt mutual funds (MFs) must mark their net asset values ​​(NAVs) daily at the market, with falling bond prices, NIVs also suffer. “Loan funds have seen investors withdraw nearly Rs 2 lakh crore this calendar year and returns have been mostly positive – 3-4% annualized,” says Sandeep Bagla, CEO of TRUST Mutual Fund.

So is now the right time to invest in debt funds? “We recommend investments in funds with a portfolio or portfolio maturity of two years or less. It is entirely possible that inflation will remain stubborn and that yields will remain high for a long time. At this stage, we would only advise 5-10% for longer-term funds, around 25% for liquid/money market funds and around 65% for short-term funds or BPSU (bank and PSU) debt funds. with a roll-down maturity of less than two years,” explains Bagla.

Similarly, if you have a medium-term horizon (four to six years), don’t mind short-term swings in returns, and are looking at after-tax returns, then a class of debt fund, called Target Maturity Funds, scores higher than FD. “Target maturity funds offer returns (net YTM) of around 7 to 7.25% over a period of four to six years. They invest primarily in government securities, PSU bonds and government development loans (SDLs), and the instruments are held to program maturity. They are a good investment option if treated as open fixed maturity plans (FMPs),” says Alok Agarwala, Research Director, Bajaj Capital Ltd.

Since there are 16 Sebi-defined categories in debt funds, the easiest way is to match your investment horizon to the plan’s average maturity.

“Both debt funds and trust funds have advantages and disadvantages relative to each other. Debt funds carry interest rate risk which makes them unattractive when interest rates rise. But they also have a lower risk of default because they have a highly diversified portfolio. Also, the income tax on earnings from debt MFs is significantly lower than that of FDs,” says Agarwala.

The tax advantage also makes debt funds attractive. “When bond rates are rising faster than FD bank rates, investing in bond funds should provide a higher portfolio return than FDs. If an investor holds an investment in money market funds for more than three years, the investor will have to pay Long Term Capital Gains Tax (LTCG) with indexation benefit. Therefore, the after-tax returns of debt funds could be much higher than those of bank debt funds, as there is no tax benefit to holding deposits for three years,” Bagla explains.

Currently, it is advisable to lock your funds only in short-maturity patterns, as inflation may remain high for a long time. However, always invest according to the risk profile. For a complete risk-free investment, FDs are definitely better. “For example, in FDs, while bank deposits carry a low interest rate of 5.45-6.10%, some AAA-rated corporate deposits carry a coupon of around 7% or slightly higher, which which, coupled with a lack of interest rate risk, makes it an attractive proposition,” says Agarwala. But, if one wants to take advantage of changing interest rates, debt funds could be the choice.

Corporate bonds

Now let’s move on to corporate bonds. While investing directly in bonds, consideration should be given to the interest rate cycle and the maturity of the securities, as interest rates and bond prices are inversely correlated. For example, if you hold a long-term bond with an interest rate of 10% and the rate rises to 12%, the value of your bond will decrease. The change in the price of the bond is based on the movement of interest rates. The longer the duration of the bond, the greater the impact on the price of the bond. But, if you stay invested, at the end of the term, you will get the coupon rate that was locked in when you bought the bonds.

Currently, with rising interest rates, corporate bonds offer a much higher yield (up to 13%) than FDs (5-6% for a one- to three-year term). “Corporate bonds in the fixed income category are one of the best options to invest in. Currently… the best performing corporate bonds [are]… Muthoot Fincorp (subordinated debt) with a yield of 10.50%; Indiabulls Housing Finance Limited (unsecured) yielding 14.25%; and Piramal Capital & Housing Finance Limited (secured) with a yield of 11.4%,” says Ankit Gupta, founder of BondsIndia.com.

Other options

Not only corporate bonds, but also government bonds are doing well. “On a 10-year paper, government bonds offer a yield of around 7-8%, which is pretty decent compared to G-secs,” adds Gupta.

Although it is easy to be swayed by high interest rates, note that this instrument carries a high credit risk. Therefore, while investing in FDs and corporate bonds, one should check the credit quality of the issuer and also diversify the investments evenly across at least four to five issuers. “Never invest all your money in bonds or FDs of a single issuer or companies in a single sector. Given the current macroeconomic environment, invest only in bonds or FDs with the highest ratings, even if it means sacrificing some yields,” says Agarwala.

Then there are other secured options available such as RBI Floating Rate Savings Bonds where the yield does not vary with the movement of interest rates; they are issued by the Indian government. Here, investors can purchase the 2022 Floating Rate Savings Bonds with an interest rate of 7.15%, which is 35 basis points higher than the rate offered on the National Savings Certificate, and there is no there is no upper limit to investment. But, there is a lock-up period of seven years and the interest rate is announced in advance every quarter for these bonds.

For senior citizens, there are more options such as the Senior Citizens Savings Scheme (SCSS) offering 7.6% and Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme. The PMVVY pays a pension at the insured rate of 7.4 per cent. The plan is for a fixed term of 10 years. One can invest up to Rs 15 lakh in the policy for a monthly pension of Rs 9,250.

Repo rates have risen significantly since hitting the bottom (4%) in April 2020. By carefully diversifying your fixed income portfolio, you can achieve higher returns. But always remember that with higher returns come higher risks.

@Teena_Kaushal

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UPDATE 2-Michael Kors-Capri owner cuts holiday forecast on China’s slow recovery https://beaconatbangsar.com/update-2-michael-kors-capri-owner-cuts-holiday-forecast-on-chinas-slow-recovery/ Wed, 09 Nov 2022 12:21:52 +0000 https://beaconatbangsar.com/update-2-michael-kors-capri-owner-cuts-holiday-forecast-on-chinas-slow-recovery/

(Adds details of party district, background)

Nov 9 (Reuters) – Michael Kors owner Capri Holdings Ltd on Wednesday lowered its sales and profit forecast for the holiday season, blaming a slow recovery in demand in China due to ongoing COVID-19 restrictions and uncertainty about the global economy.

Luxury goods firms have managed to pass on rising costs to affluent shoppers, but China remains a sore spot as Beijing’s “dynamic zero-COVID” policy is hampering consumers’ return to high fashion stores.

The COVID-related disruptions in China also weighed heavily on Kering’s Gucci, Canada Goose Holdings and L’Oréal.

Capri, which also owns Versace and Jimmy Choo, cut its sales forecast for the holiday quarter to $1.53 billion from $1.65 billion and lowered its profit forecast to $2.20 per share against $2.45 per share.

Although sales of luxury goods in the United States are holding up well against cheaper brands, data from three credit card companies showed that Americans have also reduced their purchases of luxury goods, including clothing and designer accessories, in the past two months.

According to industry experts, accessible luxury brands such as Michael Kors are likely to feel a greater pinch than more expensive brands such as Hermès and Dior, due to their younger and less affluent customer base than the traditional customer base of the luxury industry.

Capri’s total revenue rose 8.6% to $1.41 billion in the second quarter ending Oct. 1, slightly above analysts’ average estimate of $1.40 billion , according to IBES data from Refinitiv.

It forecast revenue of $5.70 billion for fiscal 2023, down from a previous estimate of around $5.85 billion. (Reporting by Uday Sampath in Bengaluru; Editing by Vinay Dwivedi)

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Ryerson Holding Co. (NYSE: RYI) Declares Dividend Increase – $0.16 Per Share https://beaconatbangsar.com/ryerson-holding-co-nyse-ryi-declares-dividend-increase-0-16-per-share/ Fri, 04 Nov 2022 12:55:09 +0000 https://beaconatbangsar.com/ryerson-holding-co-nyse-ryi-declares-dividend-increase-0-16-per-share/

Ryerson Holding Co. (NYSE:RYI – Get Rating) announced a quarterly dividend on Wednesday, November 2, Zacks reports. Shareholders of record on Thursday, December 1 will receive a dividend of 0.16 per share from the basic materials company on Thursday, December 15. This represents an annualized dividend of $0.64 and a dividend yield of 2.62%. The ex-date of this dividend is Wednesday, November 30. This is an increase from Ryerson’s previous quarterly dividend of $0.15.

Ryerson has a dividend payout ratio of 18.3%, which means its dividend is sufficiently covered by earnings. Stock analysts expect Ryerson to earn $2.75 per share next year, meaning the company should continue to be able to cover its $0.60 annual dividend with a future payout ratio. forecast of 21.8%.

Ryerson Price Performance

Ryerson’s stock opened at $24.42 on Friday. The company has a fifty-day simple moving average of $29.19 and a 200-day simple moving average of $28.71. Ryerson has a 12 month low of $17.90 and a 12 month high of $44.09. The company has a current ratio of 2.15, a quick ratio of 1.00 and a debt ratio of 0.60. The stock has a market capitalization of $905.01 million, a P/E ratio of 1.82 and a beta of 1.76.

Ryerson (NYSE:RYI – Get Rating) last reported quarterly results on Wednesday, August 3. The basic materials company reported EPS of $5.31 for the quarter, beating the consensus estimate of $4.58 by $0.73. Ryerson had a net margin of 7.82% and a return on equity of 95.50%. The company had revenue of $1.74 billion for the quarter. Stock analysts expect Ryerson to post 13 EPS for the current fiscal year.

Analysts set new price targets

Several equity research analysts have recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and set a price target of $35.00 on Ryerson shares in a Monday, August 15 research note. StockNews.com downgraded Ryerson shares from a “strong buy” rating to a “buy” rating in a research note on Thursday.

Insider Buying and Selling at Ryerson

In other Ryerson news, CEO Edward J. Lehner sold 7,500 Ryerson shares in a trade on Friday August 19th. The shares were sold at an average price of $31.10, for a total value of $233,250.00. As a result of the transaction, the CEO now directly owns 515,776 shares of the company, valued at $16,040,633.60. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. 2.66% of the shares are currently held by insiders of the company.

Institutional entries and exits

A number of institutional investors have been buying and selling shares of RYI recently. State Street Corp increased its stake in Ryerson by 204.1% in the first quarter. State Street Corp now owns 925,521 shares of the basic materials company valued at $32,412,000 after purchasing an additional 621,219 shares during the period. Millennium Management LLC increased its stake in Ryerson shares by 128.4% during the second quarter. Millennium Management LLC now owns 588,135 shares of the basic materials company worth $12,521,000 after acquiring an additional 330,600 shares during the period. Goldman Sachs Group Inc. increased its stake in Ryerson shares by 377.9% during the second quarter. Goldman Sachs Group Inc. now owns 307,803 shares of the basic materials company worth $6,553,000 after acquiring an additional 243,398 shares during the period. Prudential Financial Inc. increased its stake in Ryerson shares by 1,118.2% during the second quarter. Prudential Financial Inc. now owns 235,970 shares of the basic materials company worth $5,025,000 after acquiring an additional 216,600 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Ryerson shares by 275.6% during the second quarter. Cubist Systematic Strategies LLC now owns 205,471 shares of the basic materials company worth $4,374,000 after acquiring an additional 150,773 shares during the period. 93.22% of the shares are currently held by institutional investors and hedge funds.

Ryerson Company Profile

(Get an assessment)

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico and China. It offers a range of products in carbon steel, stainless steel, alloy steels and aluminum, as well as nickel and red metals in various shapes and forms, including coil, sheet, round, hexagon , square and flat bars, plates, structures, and tube.

Further reading

Ryerson (NYSE:RYI) Dividend History

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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Although Ryerson currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Houston Multifamily II Stock Offering on Yieldstreet https://beaconatbangsar.com/houston-multifamily-ii-stock-offering-on-yieldstreet/ Sat, 29 Oct 2022 00:02:23 +0000 https://beaconatbangsar.com/houston-multifamily-ii-stock-offering-on-yieldstreet/

The crowdfunding investment platform yield street has put out an offer for a multi-family property in the Houston suburb of Spring, Texas.

Park45 Apartments is a six-building, three-story, Class A, garden-style living community 30 minutes north of downtown Houston. The property is equipped with amenities including a 24-hour fitness center, swimming pool with outdoor barbecue area, dog park, conference rooms, and a billiards room. The complex has 180 units in total, with 150 built in 2018 and 30 more in 2021.

The new owner, July Residential, bought the property in March for $34 million. The company is opening this $9.7 million equity offering to implement a value-added investment in the property that will earn investors an expected internal rate of return (IRR) of 14% to 16%. The property’s previous owners lowered rents during the pandemic to maintain high occupancy. The new investment program will aim to improve ownership by allowing rental rates to be increased to match market rents.

The capital expenditure program will focus on improving common areas and improving the interior of each unit. A total of $638,000 ($3,500 per unit) is allocated to the project. The current average rental rate is $1,208. July Residential projects there will increase the rate by an average of $120 per renovated unit.

Spring is located in the fifth largest metropolitan area in the country by population and housing is in high demand. Maintaining a high occupancy rate should therefore not be a problem for the new owners. July Residential projects forecast base rent growth of 4% in the first three years and 3% in each subsequent year.

Investors’ cash flows come from two streams of income: payments for rents received which are expected to begin in the fourth quarter of 2023 and from the appreciated value of the property when it is sold at the end of the expected holding period of five years.

  • Minimum investment: $15,000
  • Target IRR: 14% to 16%
  • Target equity multiple: 1.8x-2x
  • Target cash yield: 2% to 8%
  • Target investment period: 5 years

July Residential specializes in multi-family assets in high growth markets that offer high potential for added value. The group is a subsidiary of El-Ad Group, a development company with over $2 billion in assets under management.

More recently, the group sold a property portfolio of 14,000 units for over $1.75 billion. Park45 Apartments marks its second offering through the Yieldstreet platform.

Get details on Yieldstreet offers

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Marriott International (MAR) wins but delays the market: what you need to know – October 25, 2022 https://beaconatbangsar.com/marriott-international-mar-wins-but-delays-the-market-what-you-need-to-know-october-25-2022/ Tue, 25 Oct 2022 21:47:35 +0000 https://beaconatbangsar.com/marriott-international-mar-wins-but-delays-the-market-what-you-need-to-know-october-25-2022/

Marriott International (TUE Free Report) closed the most recent trading day at $155.43, up +0.29% from the previous trading session. The stock lagged the S&P 500 daily gain of 1.63%. Meanwhile, the Dow Jones gained 1.07% and the tech-heavy Nasdaq gained 0.3%.

Prior to today’s session, the hotel company’s shares had gained 13.77% in the past month. This outpaced the Consumer Discretionary sector’s gain of 1.42% and the S&P 500’s gain of 2.94% during this period.

Investors are hoping for strength from Marriott International ahead of its next earnings release, which is expected on Nov. 3, 2022. The company is expected to post EPS of $1.69, up 70.71% from the quarter of the previous year. Meanwhile, Zacks consensus estimate for revenue calls for net sales of $5.27 billion, up 33.46% from the prior year period.

For the full year, our Zacks consensus estimates call for earnings of $6.51 per share and revenue of $20.34 billion, which would represent swings of +104.08% and +46, 78%, respectively, compared to the previous year.

It’s also important to note recent changes to analyst estimates for Marriott International. Recent revisions tend to reflect the latest short-term trading trends. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated to short-term stock prices. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 The Zacks Consensus EPS estimate rose 0.22% over the past month. Marriott International currently has a Zacks rank of #3 (Hold).

Digging into the valuation, Marriott International currently has a Forward P/E ratio of 23.82. This represents a premium to its industry average Forward P/E of 21.39.

Investors should also note that MAR has a PEG ratio of 0.6 at this time. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. Hotels and motels held an average PEG ratio of 0.66 at yesterday’s closing price.

The hotel and motel industry is part of the consumer discretionary sector. This group has a Zacks industry ranking of 74, which places it in the top 30% of over 250 industries.

The Zacks Industry Ranking assesses the strength of our individual industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to track all of these stock movement metrics, and more, in future trading sessions.

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Investis Holding’s (VTX: IREN) CAGR of 14% outpaced the company’s earnings growth over the same five-year period https://beaconatbangsar.com/investis-holdings-vtx-iren-cagr-of-14-outpaced-the-companys-earnings-growth-over-the-same-five-year-period/ Wed, 19 Oct 2022 04:30:16 +0000 https://beaconatbangsar.com/investis-holdings-vtx-iren-cagr-of-14-outpaced-the-companys-earnings-growth-over-the-same-five-year-period/

Shareholders might be concerned that the Investis Holding SA (VTX:IREN) share price down 12% over the past month. Looking further, the stock has generated good earnings over five years. It returned a market beating 67% during that time.

Given that the stock has added 76 million francs to its market capitalization in the last week alone, let’s see if the underlying performance has generated any long-term returns.

Discover our latest analysis for Investis Holding

In his test The Graham-and-Doddsville super-investors Warren Buffett has described how stock prices don’t always rationally reflect a company’s value. An imperfect but simple way to examine the evolution of a company’s perception by the market is to compare the evolution of earnings per share (EPS) with the evolution of the share price.

In half a decade, Investis Holding has managed to grow its earnings per share by 26% per year. The EPS growth is more impressive than the annual share price gain of 11% over the same period. One could therefore conclude that the broader market has become more cautious towards the stock. This cautious sentiment is reflected in its (rather low) P/E ratio of 6.18.

The graph below illustrates the evolution of EPS over time (reveal the exact values ​​by clicking on the image).

SWX: Growth in earnings per share IREN October 19, 2022

It might be interesting to take a look at our free Investis Holding earnings, revenue and cash flow report.

What about dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price performance. TSR is a calculation of return that takes into account the value of cash dividends (assuming any dividends received have been reinvested) and the calculated value of all discounted capital raisings and spinoffs. It’s fair to say that the TSR gives a more complete picture of stocks that pay a dividend. In the case of Investis Holding, it has a TSR of 94% over the last 5 years. This exceeds the performance of its share price that we mentioned earlier. This is largely the result of its dividend payments!

A different perspective

While it is never pleasant to suffer a loss, Investis Holding shareholders can take comfort in the fact that, including dividends, their loss of 6.7% over the last twelve months was not as serious than the loss of about 13% in the market. Of course, the long-term returns are much more important, and the good news is that over five years, the stock has returned 14% for each year. At best, the past year is only a temporary breach on the path to a brighter future. While it is worth considering the various impacts that market conditions can have on the stock price, there are other, even more important factors. Like risks, for example. Every business has them, and we’ve spotted 4 warning signs for Investis Holding (including 2 a little unpleasant!) to know.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of companies that we believe will increase their profits.

Please note that the market returns quoted in this article reflect the average market-weighted returns of stocks currently trading on CH stock exchanges.

Valuation is complex, but we help make it simple.

Find out if Invested Holding is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Blackhawks vs. Sharks – NHL Game Recap – October 15, 2022 https://beaconatbangsar.com/blackhawks-vs-sharks-nhl-game-recap-october-15-2022/ Sun, 16 Oct 2022 04:54:42 +0000 https://beaconatbangsar.com/blackhawks-vs-sharks-nhl-game-recap-october-15-2022/

SAN JOSE, Calif. — Sam Lafferty scored shorthanded goals on back-to-back second-period penalties to give coach Luke Richardson his first career victory in the Chicago Blackhawks’ 5-2 win over the Chicago Sharks. San Jose on Saturday night.

“Just good rebounds,” Lafferty said. “Good place, good time and good work from all the guys at PK.”

Jonathan Toews also scored in the second period as the Blackhawks scored three times in 3:14 to erase a two-goal deficit.

Jason Dickinson had a goal and two assists in his Chicago debut, and Taylor Raddysh also scored to give the Blackhawks their first win in three games this season. Petr Mrazek made 24 saves.

“We were really good in the first half of the first half and then I think we thought maybe it was coming a little too easily,” Richardson said. “We took our foot off the pedal and had a few scrambling areas that they ended up capitalizing on. We kind of went to the locker room after the first one and just chatted with the guys. Congratulations to all the leaders in this room. I haven’t said too much.

Nico Sturm and Erik Karlsson scored for the Sharks, who lost the first four games of the season for the third time in franchise history. Kaapo Kahkonen made 20 saves.

“I think we have more character in this play than we show on the ice,” Karlsson said.

San Jose was in good shape after the first period before a shoddy turnover and power play resulted in another loss for Sharks first-year coach David Quinn.

Toews threw it after Mario Ferraro turned it around trying to get out of the Sharks’ defensive zone. He passed Karlsson and beat Kahkonen for his second goal of the season.

Then with Andreas Athanasiou in the box for holding, Jason Dickinson put Lafferty alone in front for the shorthanded tying goal.

Connor Murphy was sent off for cross-checking with 6 seconds left on Athanasiou’s penalty, then after killing the short 5v3 advantage, Lafferty scored again on a rebound from a Dickinson shot.

Lafferty became the first Blackhawks player to score two shorthanded goals in the same game since Rene Bourque did so on February 28, 2008 against Dallas.

“Our power play needs to be a lot more efficient and play power play hockey,” Quinn said.

The Sharks took over 11 minutes to get their first shot on goal but still managed to take a 2-0 lead after the first period through Karlsson.

Karlsson patiently made a cross pass to set up Sturm for the first goal, then his shot from the point was deflected off a defender’s stick to make it 2-0 with 37.2 seconds left in the period.

TRIBUTE TO WILSON

The Sharks paid tribute to their former general manager and first captain Doug Wilson in a pre-game ceremony that included a tribute video and a banner raised in his honor.

Wilson helped make San Jose a perennial contender in his 19 seasons. The Sharks have the third-most regular-season wins in that span and made five trips to the conference finals and the franchise’s only Stanley Cup Finals appearance in 2016 when San Jose lost to Pittsburgh in six games.

Wilson resigned last year for medical reasons and said he was not yet ready to return to full-time work.

Wilson played his first 14 seasons in Chicago before joining the expansion Sharks in 1991. Players on both teams wore No. 24 jerseys with Wilson’s name on your back during warm-ups.

NEXT

Blackhawks: Host Detroit on Friday in the home opener.

Sharks: Visit the New York Islanders on Tuesday night.

——

AP NHL: https://apnews.com/hub/nhl and https://twitter.com/AP–Sports

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Flames score five straight goals to beat Avs https://beaconatbangsar.com/flames-score-five-straight-goals-to-beat-avs/ Fri, 14 Oct 2022 04:44:51 +0000 https://beaconatbangsar.com/flames-score-five-straight-goals-to-beat-avs/
Credit: Sergei Belski-USA TODAY Sports

Rasmus Andersson had a goal and an assist, and the Calgary Flames took a four-goal lead in the third period before clinching a 5-3 win over the visiting Colorado Avalanche on Thursday night.

A night after hoisting the 2021-22 Stanley Cup banner ahead of a home win, the Avalanche were given a rough reception by the Flames, who scored five straight goals en route to winning their first game of the season.

It was Flames coach Darryl Sutter’s 700th career win.

Brett Ritchie, Dillon Dube, Tyler Toffoli and Elias Lindholm also scored for Calgary. Jacob Markstrom made 22 saves.

Valeri Nichushkin scored his third goal in two games for Colorado. Nathan MacKinnon had a goal and an assist, Bowen Byram also scored and Pavel Francouz made 22 saves.

The Avalanche took an early 1-0 lead when Byram rushed into the zone, fended off the puck but managed to pass Markstrom at 1:39 of the first period.

Calgary’s fourth line tied the score when Ritchie scored from the slot at 11:23 on a pass from Milan Lucic.

Dube put the Flames ahead when he kept the puck on a 2-on-1 run with Andrew Mangiapane and beat Francouz with a wrist shot for a shorthanded goal at 2:31 of the second period.

Andersson made it 3-1 on a breakaway at 14:52 when he came out of the box, received a pass from MacKenzie Weegar and slid the puck down the five-hole hole.

The Flames pulled away early in the third. With Erik Johnson in the penalty area, Nazem Kadri’s shot from the right circle is deflected towards Toffoli in the slot. Toffoli scored at 1:12 as he was hit by Cole Makar with a high stick.

With Makar in the box, Jonathan Huberdeau put Lindholm in the slot and scored to make it 5-1 at 2:47.

MacKinnon’s breakaway goal at 3:08 brought the Avalanche down to 5-2.

Colorado made it 5-3 with a power-play goal at 11:01 when Nichushkin worked a back-and-forth with Mikko Rantanen and scored past the return wire.

–Field level media

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UK Prime Minister Truss faces new perils as restless lawmakers return to work https://beaconatbangsar.com/uk-prime-minister-truss-faces-new-perils-as-restless-lawmakers-return-to-work/ Sun, 09 Oct 2022 05:12:00 +0000 https://beaconatbangsar.com/uk-prime-minister-truss-faces-new-perils-as-restless-lawmakers-return-to-work/

Parliament’s return this week is fraught with challenges for British Prime Minister Liz Truss.

In her first month in office, the 47-year-old prime minister managed to disrupt financial markets, alienate some of her lawmakers and sink the Conservative Party in the polls with the biggest package of tax cuts unfunded in half a century.

Since the Commons last sat, chasms have opened up over the economic direction that Truss and Chancellor of the Exchequer Kwasi Kwarteng are pursuing, and backbench MPs smell the blood.

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After forcing the government to backtrack on its tax cut for top earners, Tory lawmakers are preparing to challenge their leader over plans to cut social benefits, ease planning rules and increase in borrowing.

“When MPs are on holiday there are more limits to conspiracy, but when they return to Westminster they will all be in one place,” said Alice Lilly, senior researcher at the Institute for Government. “It’s going to be trickier.

Truss’ missteps mean that despite a majority of around 70, she finds herself in a position similar to Theresa May – whose backbench MPs frequently held her 2017-19 minority government hostage. Current dissent threatens to thwart the Prime Minister’s plan to spur growth through a massive program of deregulation and tax cuts.

At last week’s Conservative Party conference, former cabinet ministers Michael Gove and Grant Shapps polled restless lawmakers.

Members of Truss’s cabinet expressed dismay when she backtracked on scrapping the 45% rate of income tax, and other ministers advocated increasing benefits based on the inflation – just as the Prime Minister suggested it could reduce them in real terms.

But the greatest danger lies in the backbenches, populated as they are by dozens of former ministers, many of whom have an ax to grind after being sacked by Truss and most of whom have voted against her in this summer’s leadership race.

One MP said backbench MPs are angrier, more determined and more organized than at any time in recent years.

A former cabinet minister told Bloomberg they saw colleagues submit letters of no confidence to Truss at the office of Graham Brady, chairman of the 1922 committee, which oversees leadership elections. They predicted that junior ministers will start resigning in a few weeks. Another MP said they planned to submit their own letter, while two others said they hoped the ‘grey suit men’ – party figures such as Brady – would hold a papal-style conclave to choose a unifying candidate to replace Truss.

Patch rows

Live from the unrest, the Prime Minister had one-on-one conversations with Tory MPs during the conference. Sitting across from them on a couch in her hotel suite, she tried to reassure them that they hadn’t been forgotten and asked how she could gain their support. A female MP said she was quiet but unenlightening and had failed to convince them she would have the nation’s finances under control.

Getting his MPs is crucial for Truss to advance his agenda. The more controversial elements of Kwarteng’s package will not be put to a vote immediately, giving them time to gain support. But other rows are getting ready. Truss wants to relax planning rules to encourage construction in designated investment areas. But that will face opposition from rural Tory MPs, who thwarted planning reforms attempted by his predecessor, Boris Johnson.

And in the coming weeks, the government must decide whether to increase benefits in line with inflation or wages. Truss has indicated that she favors the latter. But at the conference, Ministers Penny Mordaunt, Robert Buckland and Steve Baker all suggested that Social Security should keep pace with inflation.

Truss “needs to almost start thinking about operating as if she were a prime minister with a minority government,” said Lilly of the IFG.

The most memorable moment of the conference was Kwarteng’s cancellation of the high-income tax cut after he and Truss spent days defending it. While some MPs felt that Truss’ conference speech on Wednesday was enough to set naysayers back, others said she simply articulated her libertarian narrative without addressing the elephant in the room: how she would fund her program.

plunge in the polls

Kwarteng says he intends to release a medium-term fiscal plan alongside the Office of Budget Responsibility’s economic forecast on Nov. 23. But he may be forced to do so sooner as Tories fear market uncertainty will drive up interest rates and – more importantly – voter mortgage rates. Conservative chairman of the Treasury select committee, Mel Stride, said it was needed before Nov. 3, when the next BOE rate decision is due.

Parliament’s return on Tuesday sees Kwarteng welcome questions from the Treasury. Then on Wednesday, he will address fellow rebels in the oak-panelled room of the 1922 committee in another attempt to calm nerves.

The dire polls have added to the pressure, with the opposition Labor party holding a lead of more than 20 points in several recent polls. It has left the Tories on majorities under 12,000 increasingly frantic about the need to win back support, one MP has said. Truss must call a general election by January 2025 at the latest.

For now, backbench MPs don’t have a big plan – dissent is largely uncoordinated and scattered among different party factions. Additionally, Truss leadership rival Rishi Sunak – who warned during the contest of market turmoil her plans could trigger – remained silent.

In theory, the prime minister is immune to a leadership challenge in her first year in office. But in practice, Johnson and May were both given the same period of immunity after surviving leadership challenges – and were kicked out early.

Read more:

UK PM Truss sacks trade minister over allegations of misconduct

UK government not asking people to use less energy: climate minister

UK finance minister meets with banks over soaring mortgage rates

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Kohl (KSS) shares move -0.94%: What you need to know – October 6, 2022 https://beaconatbangsar.com/kohl-kss-shares-move-0-94-what-you-need-to-know-october-6-2022/ Thu, 06 Oct 2022 21:15:18 +0000 https://beaconatbangsar.com/kohl-kss-shares-move-0-94-what-you-need-to-know-october-6-2022/

Kohls (KSS Free Report) closed the most recent trading day at $27.35, moving -0.94% from the previous trading session. That move was narrower than the S&P 500’s 1.03% daily loss. Meanwhile, the Dow lost 1.15% and the Nasdaq, a technology-heavy index, added 0.33%.

Prior to today’s session, shares of the department store operator had fallen 6.75% in the past month. This was lower than the retail and wholesale sector’s loss of 3.58% and the S&P 500’s loss of 3.51% during this period.

Kohl’s will look to show strength as it approaches its next earnings release. On that day, Kohl’s is expected to report earnings of $0.51 per share, which would represent a 69.09% year-over-year decline. Our most recent consensus estimate calls for quarterly revenue of $4.22 billion, down 8.24% from the prior year period.

For the full year, our Zacks consensus estimates call for earnings of $3.19 per share and revenue of $18.18 billion, which would represent swings of -56.48% and -6, 44%, respectively, compared to the previous year.

Any recent changes in analyst estimates for Kohl’s should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past month, the Zacks Consensus EPS estimate has remained flat. Kohl’s currently sports a Zacks ranking of #5 (high selling).

As for its valuation, Kohl’s holds a Forward P/E ratio of 8.65. This valuation marks a premium compared to the average Forward P/E of its sector of 7.73.

Meanwhile, KSS’s PEG ratio is currently 1.08. This popular measure is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. Retail – Regional department store stocks maintain, on average, a PEG ratio of 0.72 based on yesterday’s closing prices.

The Retail – Regional Department Stores industry is part of the Retail – Wholesale sector. This industry currently has a Zacks Industry Rank of 87, which places it in the top 35% of over 250 industries.

The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to track all of these stock movement metrics, and more, in future trading sessions.

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