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Welcome to Seeking Alpha’s Stocks to Watch – a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
Investors are looking for a swing back in momentum next week after the Dow Jones Industrial Average and S&P 500 recorded their biggest one-week slide since early in 2016, led by weakness in the technology and financial sectors amid trade concerns and Facebook’s (NASDAQ:FB) data privacy scandal. On the political calendar, Congress will be out on a two-week Easter break, giving President Trump plenty of room to talk up his tariff strategy and outline infrastructure plans during a trip to Ohio scheduled for March 29. There’s also a lull with corporate news a few weeks ahead of what could be a huge Q1 earnings season, leaving those feisty animal spirits to fend for themselves.
Notable earnings reports: Red Hat (NYSE:RHT) and Paychex (NASDAQ:PAYX) on March 26; Lululemon (NASDAQ:LULU) on March 27; Blackberry (NYSE:BB), GameStop (NYSE:GME), Walgreens Boots Alliance (NASDAQ:WBA), PVH (NYSE:PVH) and JA Solar (NASDAQ:JASO) on March 28; Constellations Brands (NYSE:STZ) on March 29. See Seeking Alpha’s Earnings Calendar for the complete list.
Apple Special Event: Apple (NASDAQ:AAPL) is scheduled to hold an event at Lane Tech College Prep High School in Chicago on March 27. The company is looking to win back market share in the education market after watching Chromebooks soar in popularity. Hardware updates from the tech company could include an updated iPad Pro with Face ID technology, a new entry-level 9.7-inch iPad and an updated iPhone SE. Could an Apple office in the Midwest be part of the plan?
IPOs expected to price: GreenTree Hospitality (Pending:GHG) on March 26; Bilibili (Pending:BILI), Onesmart International Education (NYSE:ONE) and OB Bancorp (OTCQB:OPBK) on March 27; Ibex (Pending:IBEX), Iqiyi (Pending:IQ), Unum Technologies (Pending:UNUM) and Homology Medicines (Pending:FIXX) on March 28.
IPO lockup expirations: RYB Education (NYSE:RYB) on March 26; Nightstar Therapeutics (NASDAQ:NITE), NuCana (NASDAQ:NCNA), Deciphera Pharmaceuticals (NASDAQ:DCPH) and Roku (NASDAQ:ROKU) on March 27; PQ Group (NYSE:PQG) on March 28.
More tariff talk: The U.S. could issue some details next week on $ 60B worth of tariffs covering a wide variety of products. Analysts sizing up the situation still see a strong chance that the Trump Administration and counterparts in Beijing will work out deals covering intellectual property and technology transfers before launching an all-out trade war, but global markets have priced in some disruption. A list compiled by UBS of companies with a high mix of revenue out of China includes Skyworks Solutions (NASDAQ:SWKS), Qualcomm (NASDAQ:QCOM), Qorvo (NASDAQ:QRVO), Broadcom (NASDAQ:AVGO), Micron (NASDAQ:MU), A.O. Smith (NYSE:AOS), Corning (NYSE:GLW) and Intel (NASDAQ:INTC).
Bank of America Merrill Lynch New York Auto Summit: Automobile industry companies set to present at the event in the Big Apple include Ford (NYSE:F), General Motors (NYSE:GM), Shiloh Inudstries (NASDAQ:SHLO), Group 1 Automotive (NYSE:GPI), Dana (NYSE:DAN), KAR Auction Services (NYSE:KAR) and American Axle & Manufacturing (NYSE:AXL).
Healthcare presentations: Companies due to update at the Society of Gynecologic Oncology Annual Meeting in New Orleans include Tesaro (NASDAQ:TSRO) on Zejula, Merck (NYSE:MRK)-AstraZeneca (NYSE:AZN) on Imfinzi/Lynparza and ImmunoGen(NASDAQ:IMGN) on mirvetuximab-Keyruda.
Business update call: Synchronoss Technologies (NASDAQ:SNCR) on March 28.
New York International Auto Show: Significant updates to older models will be a major focus of this year’s edition of the New York International Auto Show. Old standbys getting a refresh include the Ford Fusion, Nissan Altima (OTCPK:NSANY) and Toyota (NYSE:TM) RAV4. There’s also a comeback for the Lincoln Aviator nameplate and Cadillac’s XT4 SUV introduction to keep an eye on. The public part of NYIAS begins on March 30.
Electric van event: Workhorse Group (NASDAQ:WKHS) and Ryder (NYSE:R) are holding an event in San Francisco to welcome the nation’s first all-electric, zero emission delivery van. The next-gen EV van fleet will be used in the San Francisco area beginning next month under a pilot program. FedEx (NYSE:FDX), Daimler (OTCPK:DDAIF), UPS (NYSE:UPS) are also active in testing electric delivery trucks.
Under Armour: Third Bridge Forum has a conference call set for March 27 to delve into Under Armour’s (UA, UAA) position in the athletic marketplace. The call follows a strong FQ3 earnings report from Nike (NYSE:NKE) on the back of new product momentum and continued market share gains from Adidas (OTCQX:ADDYY). Over the last 52 weeks, shares of Under Armour are down 19% to lag way behind the 26% rally for Adidas and 14% gain for Nike.
Barron’s mentions: Time Warner (NYSE:TWX) shareholders face a win-win situation with the DOJ lawsuit, reasons Andrew Bary. La-Z-Boy (NYSE:LZB) is tapped as a stock with upside potential, while the list of cloud software takeover targets includes Box (NYSE:BOX), Veeva Systems (NYSE:VEEV) and Atlassian (NASDAQ:TEAM). The verdict on Facebook is that a falling price-to-earnings ration and shrinking premium to the market make shares tempting for investors looking for the new “sin” stock.
Sources: EDGAR, Bloomberg, CNBC, Estimize.com and Nasdaq.com.
Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
NEW YORK (Reuters) – Bitcoin rose above $ 10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December.
On the Luxembourg-based Bitstamp, bitcoin rose as high as $ 10,095.82 and was last at $ 10,060.26, up 6 percent on the day.
Reporting by Gertrude Chavez-Dreyfuss
WASHINGTON (Reuters) – Elon Musk’s SpaceX, fresh off the successful launch this month of the world’s most powerful rocket, won an endorsement on Wednesday from the top U.S. communications regulator to build a broadband network using satellites.
Federal Communications Commission Chairman Ajit Pai proposed the approval of an application by SpaceX to provide broadband services using satellites in the United States and worldwide.
“Satellite technology can help reach Americans who live in rural or hard-to-serve places where fiber optic cables and cell towers do not reach,” Pai said in a statement.
SpaceX told the FCC in a Feb. 1 letter that it plans to launch a pair of experimental satellites on one of its Falcon 9 rockets. That launch, which has been approved by the FCC, is set for Saturday in California.
The rocket will carry the PAZ satellite for Hisdesat of Madrid, Spain and multiple smaller secondary payloads.
SpaceX was not immediately available for comment.
On Feb. 6, the company launched the world’s most powerful rocket, SpaceX’s Falcon Heavy, from Florida. The 23-story-tall jumbo rocket carried a Tesla Inc Roadster from the assembly line of Musk’s electric car company as a mock payload
Pai said after a staff review he was urging approval for SpaceX, saying: ”it would be the first approval given to an American-based company to provide broadband services using a new generation of low-Earth orbit satellite technologies.”
Over the past year, the FCC has approved requests by OneWeb, Space Norway, and Telesat to access the U.S. market to provide broadband services using satellite technology. The FCC said the technology “holds promise to expand Internet access in remote and rural areas across the country.”
The recent approvals are the first of their kind, the FCC said, for “a new generation of large, non-geostationary satellite orbit, fixed-satellite service systems.”
The FCC “continues to process other, similar requests,” it added.
The Wall Street Journal reported in 2017 that SpaceX hopes it can use revenue from a satellite-internet business to finance manned missions to Mars.
The U.S. government is working to try to bring high-speed internet access to rural areas that lack service. An FCC report released this month said the number of Americans without access to both fixed and mobile broadband fell by more than half from 72.1 million in 2012 to 34.5 million in 2014.
Approximately 14 million rural Americans and 1.2 million Americans on tribal lands lack mobile broadband even at relatively slow speeds.
Reporting by David Shepardson in Washington and Munsif Vengattil in Bengaluru; Editing by David Gregorio
By late January, most of us have abandoned our New Year’s resolutions. It’s a statistical fact. Resolutions can get a bad rap. The problem isn’t making resolutions, but rather the resolutions we make. They require too much growth and, often, too much pressure for us to handle in a short period of time.
It’s like signing up for a marathon before you even learned how to jog.
In making my own resolutions (yes, I did, too), I have leaned on a great quote from Tony Robbins’s documentary I Am Not Your Guru:
Most people overestimate what they can do in a year and they underestimate what they can do in two or three decades. #iamnotyourguru
— Tony Robbins (@TonyRobbins) October 25, 2016
Sound familiar? Here is why it resonates.
Focus on the long game
Concentrating on long-term growth has two immediate benefits: It emphasizes strategy and it gives flexibility.
If you resolve to become a healthier weight in the next 30 days, then your mind will automatically start looking for the hack: What is the latest diet trend? How can I lose as much as possible as quickly as possible?
By stretching out your goal to, say, a three or five year plan, then you’re focusing on methods that are sustainable rather than quick.
The other benefit is that you are much gentler on yourself in the process, making it much more likely that you will actually reach your goal. Going after a goal is much like the stock market: It never moves in a straight line but, through the ups and downs, it almost always ends higher than where it started. Obsessing on short-term gains is akin to being a modern-day Bitcoin investor. The dramatic emotional toll may outweigh any real gains.
Balance the short and the long
One good method is to set your long-range goal, then work backwards to figure out what increments you need to hit at what time. The increments create the milestones and those become the metrics that you measure.
BRUSSELS (Reuters) – Amazon (AMZN.O) on Wednesday was told to pay about 250 million euros ($ 294.38 million) in back taxes to Luxembourg, the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals.
The fine was much lower than some sources close to the case had expected and is only a fraction of the 13 billion euros that Apple Inc APPL.O was ordered to pay to Ireland last year.
EU Competition Commissioner Margrethe Vestager, who has other big U.S. tech companies in her sights, has taken a tough line on multinational companies’ approach to tax.
“Luxembourg gave illegal tax benefits to Amazon. As a result, almost three quarters of Amazon’s profits were not taxed,” Vestager said.
Amazon said it was considering an appeal.
“We believe that Amazon did not receive any special treatment from Luxembourg and that we paid tax in full accordance with both Luxembourg and international tax law,” Amazon said in a statement after the announcement.
Though the EU has taken on several U.S. tech companies, both in antitrust and in tax avoidance cases, Vestager said that her approach was not biased against foreign companies
“This is about competition in Europe, no matter your flag, no matter you ownership,” Vestager said.
She also welcomed the debate kicked off by French President Emmanuel Macron who called for more integrated corporate tax regimes in Europe, aiming to close the loopholes used to reduce tax bills.
The Commission said the exact amount of tax to be reclaimed from Amazon would still need to be calculated by Luxembourg authorities.
The 250 million euros is significantly less than the 400 million euros which sources close to the matter told Reuters a year ago was under consideration by Vestager.
The Commission said Luxembourg allowed Amazon to channel a significant portion of its profits to a holding company without paying tax. The holding company was allowed to do this because it held certain intellectual property rights.
“The Commission’s investigation showed that the level of the royalty payments, endorsed by the tax ruling, was inflated and did not reflect economic reality,” the Commission said in a statement.
Amazon, which employs 1,500 in the grand duchy, is one of the biggest employers in the country of half a million people. The U.S. company, which has a Europe-wide staff of some 50,000, in 2016 made a $ 2.4 billion profit on global revenues of $ 136 billion.
Amazon’s corporate set up with subsidies in Luxembourg construction was also subject of a $ 1.5 billion court case with U.S. tax authorities, which Amazon won in March.
Luxembourg, whose tiny economy has benefited from providing a European base for multinational companies, rejected the finding and said it was looking at its legal options.
European Commission President Jean-Claude Juncker was prime minister of Luxembourg for almost two decades until 2013 and has been criticized for his role in enabling the many tax deals which are now being unraveled. He denies doing anything wrong and says the Commission is committed to ensuring fair taxation.
In 2014, Luxembourg made international headlines in the wake of the publication of “LuxLeaks”, documents which showed how large accounting firms helped multinational companies channel proceeds through the country while paying little or no tax.
Luxembourg is also under EU scrutiny over tax deals with fast food chain McDonald’s (MCD.N) and French energy company Engie (ENGIE.PA). Luxembourg has appealed against a ruling in 2015 that carmaker Fiat (FCHA.MI) should pay it back taxes. As well as Ireland, tax for multinationals in Belgium and the Netherlands have also come under Commission scrutiny.
Vestager also said on Wednesday that she was taking the Irish government to court for failing to recoup the taxes from Apple which she had ordered over a year ago. [L8N1MF25V]
Amazon revamped its European tax practices in 2015 so that it can book sales and pay taxes in Britain, Germany, Spain and Italy instead of channeling all sales through Luxembourg where it is headquartered, a move which may raise its tax bill.
($ 1 = 0.8493 euros)
Editing by Alastair Macdonald and Jane Merriman
There are many business degrees and classes you can take as an aspiring entrepreneur. However, not all of these courses will be able to teach you valuable lessons only an experienced business owner would know.
Owning a business isn’t easy. It takes a lot of different skills and experience to lead an entire team, meet deadlines and complete several day-to-day tasks.
Whether you’ve recently launched a business or are in the process of opening your own company, there are important lessons you need to know. It can take years, even decades to grasp an idea or strategy that can help you and your business grow.
Here are just a few lessons I’ve learned along the way:
1. Family comes first.
The first lesson is the importance of family. Yes, your business is your baby, but you have to prioritize the people you love.
When you’re at home, focus on relaxing with your family and spending quality time with them. Time can fly by when you have a million things going on at work.
Use your time with family to rest and make the most of every minute. Family time is precious because at the end of the day, they’ll always be there for you during the good and bad times.
2. The lows are rock-bottom lows.
Many entrepreneurs will go through rock bottom lows. Whether it’s losing your biggest client or struggling to put food on the table, your lows will force you out of your comfort zone and push you to your limits.
You may experience “make or break” moments. You must power through, no matter how difficult it is.
Over 20 years ago I failed miserably on the first business that I opened. I had clients and cash coming in, but I had to close the business. I didn’t understand cash flow, operating expense, budgeting, or any of the other numbers.
Understanding the language of business–including financial statements–is essential.
The great thing about these rock bottom lows is you can use these tough lessons to embrace the suck and become a wiser person. There’s always a light at the end of the tunnel.
3. The highs are extremely rewarding.
Just like you may experience rock bottom lows, you may also experience extreme highs. Winning a client, expanding your business or being able to afford your own jet are just a few of the many successes you may experience as a business owner.
I’ve been fortunate with my success. My business has expanded to include speaking, online training products, books, webinars, and conducting mastermind groups, all as a way to serve more clients and keep up with demand.
Celebrate the wins and take note of what got you to that point. Learning from your best experiences are just as important as learning from your worst.
4. Little victories can turn into major victories.
Have a new customer? Made a new friend at the networking event? Hired a sales coach? If so, that’s fantastic.
Small victories can go a very long way. You never know when new customers will tell all their friends and bring you a lot more business. The new friend you made at the convention may bring you more prospects than you ever dreamed of.
I’ll say it again: Celebrate the little victories. You don’t know what new opportunities they may bring.
5. Mentors are necessary.
Whether it’s an executive coach or a former boss, mentors are necessary for ultimate success. To reach your full potential you’ll need someone there to guide you on your path.
Owning a business isn’t easy. Having someone always available to give you advice and keep you accountable will give you the support you need to achieve your vision.
6. There’s no “9 to 5.”
Your office hours may be 9:00 a.m. to 5:00 p.m., but that won’t always be the case for entrepreneurs. You can certainly devote yourself to work strictly during these office hours but you can’t expect to not work outside that time.
Some clients may expect you to be available or be able to answer urgent questions at any given time. A crisis may erupt at 6:00 a.m. and you may have to jump on it. It’s important to balance your work and home life but as a business owner, you must understand the term “office hours” may not apply in some situations.
These are just a few of the many lessons I’ve learned throughout the years. Unfortunately, some lessons are best learned with experience but hopefully I’ve saved you some trouble while you work your way towards success.
Never give up if something becomes tough, just power through it, surround yourself with support and you’ll always end up learning and becoming a smarter business owner. Best of luck!
McDonald’s has always boasted about the billions of customers it has served. But now it has a big problem: the 500 million potential visitors it estimates it’s lost in the past five years. It hopes mobile ordering and curbside delivery will lure them back.
It’s been a week since independent journalist Tim Pool took up InfoWars editor-at-large and alt-right conspiracy theorist Paul Joseph Watson’s offer to come to Malmo, Sweden, to investigate violence allegedly committed by migrants and refugees in the country.
So far, Pool has posted a clip for each day he’s been in the country. Topics have ranged from a sit-down with a business owner, chatting with Ivar Arpi about self-censorship, and one Muslim resident’s perspective on the situation.
There’s also video of Pool exploring the supposed most violent “no-go zones,” escorted by Deputy Mayor Nils Karlsson. Read more…