Page 11907 – CWEB

Apple Announces 4 To 1 Stock Split as Shares Surge Above $400 Following Record Q3 Earnings

CWEB Staff

-

July 31, 2020

Apple will split its stock four-to-one when trading opens on Aug. 31, 2020

Stock splits are a rarity and in particular for large Dow Jones Global Indexes: INDU heavy weight stocks. With that said, Reuters reports it believes that Apple’s stock split will no be a positive event for the Dow moving forward. That means Apple will have less influence in the Dow.

Stock splits allow a broader base of shareholders to get in on a stock that could not have afforded the larger share price per share. While the value is the same pre-spilt or whenever you buy it, getting in on a stock split allows you to own more. “Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020.” Source : Apple Investor Relations.

“The Company posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. International sales accounted for 60 percent of the quarter’s revenue.” “Our June quarter performance was strong evidence of Apple’s ability to innovate and execute during challenging times,” said Luca Maestri, Apple’s CFO. “The record business results drove our active installed base of devices to an all-time high in all of our geographic segments and all major product categories. We grew EPS by 18 percent and generated operating cash flow of $16.3 billion during the quarter, a June quarter record for both metrics.” Source Apple Investor Relations

Apple’s Board of Directors have declared a cash dividend of $0.82 per share of the Company’s common stock. The dividend is payable on August 13, 2020 to shareholders of record as of the close of business on August 10, 2020.

Photo by Domenico Loia on Unsplash & CWEB Inc.

Apple Inc. (AAPL) CWEB Analysts see the stock after the split as a long term and short term growth and a great addition to one’s portfolio and upward of $1000 by 2021

Buy Rating on Dollar General Stock Offering Solid Gains

CWEB Staff

-

July 31, 2020

0

Buy Rating on Dollar General Stock Offering Solid Gains

Dollar General Corporation (NYSE: DG) has been a consistent long-term gainer. The stores have done well over the years and in particular over the COVID-19 pandemic. In light of so many retail bankruptcies and closures of other retailers, Dollar General is one of the strongest discount chains in delivering strong earnings and market share gains.

GOODLETTSVILLE, Tenn.–(BUSINESS WIRE)– Dollar General Corporation (NYSE: DG) today reported financial results for its fiscal year 2020 first quarter (13 weeks) ended May 1, 2020.

Net Sales Increased 27.6%; Same-Store Sales Increased 21.7%

Operating Profit Increased 69.2% to $866.8 million

Diluted Earnings Per Share (“EPS”) Increased 73.0% to $2.56

Cash Flows from Operations Increased 202.4% to $1.7 billion

Company Issued $1.5 Billion of Senior Notes

Board of Directors Declares Second Quarter 2020 Cash Dividend of $0.36 per share.

Source: Click Here

Dollar General pays an attractive dividend at 32 cents per share. The dividend score is rated a 10 according to many analysts. The company has consistently raised it dividend through the years.

Stock Price Gains for

3 Months +29.76 %/ 1 Year/ 40.17 % / 3 Years +168.85 % / YTD/ +21.66 %

Based on 22 analysts offering 12-month price targets for Dollar General in the last 3 months. The average price target is $206.90 with a high forecast of $230.00 and a low forecast of $178.00. The average price target represents a 9.02% increase from the last price of $189.79. Source: Tip Ranks

The analysts of CFRA rate Dollar General with a Strong Buy rating. The price target was set to $ 230.00. At a current price of $ 189.70 there is upside potential of 21.24%.

Mr. Todd Vasos has served as Chief Executive Officer and a member of our Board since June 2015. He joined Dollar General in December 2008 as Executive Vice President, Division President and Chief Merchandising Officer. He was promoted to Chief Operating Officer in November 2013. Prior to joining Dollar General, Mr. Vasos served in executive positions with Longs Drug Stores Corporation for seven years, including Executive Vice President and Chief Operating Officer (February 2008 — November 2008) and Senior Vice President and Chief Merchandising Officer (2001 — 2008), where he was responsible for all pharmacy and front-end marketing, merchandising, procurement, supply chain, advertising, store development, store layout and space allocation, and the operation of three distribution centers. He also previously served in leadership positions at Phar-Mor Food and Drug Inc. and Eckerd Corporation.

Top Institutional Holders

Holder Shares Date Reported % Out Value

Price (T.Rowe) Associates Inc 23,106,730 Mar 30, 2020 9.18% 3,489,347,297

Blackrock Inc. 22,637,621 Mar 30, 2020 8.99% 3,418,507,147

Vanguard Group, Inc. (The) 20,338,915 Mar 30, 2020 8.08% 3,071,379,554

State Street Corporation 11,394,721 Mar 30, 2020 4.53% 1,720,716,818

Top Mutual Fund Holders

Holder Shares Date Reported % Out Value

Vanguard Total Stock Market Index Fund 7,540,535 Mar 30, 2020 3.00% 1,138,696,190

Vanguard 500 Index Fund 5,240,517 Mar 30, 2020 2.08% 791,370,472

Price (T.Rowe) Blue Chip Growth Fund Inc. 5,094,490 Mar 30, 2020 2.02% 769,318,934

American Balanced Fund 4,571,000 Mar 30, 2020 1.82% 690,266,710

Price (T.Rowe) Mid Cap Growth Fund 3,197,700 Mar 30, 2020 1.27% 482,884,677

SPDR S&P 500 ETF Trust 2,816,511 Mar 30, 2020 1.12% 425,321,326

Vanguard Institutional Index Fund-Institutional Index Fund 2,251,863 Mar 30, 2020 0.89% 340,053,831

Fidelity 500 Index Fund 2,226,417 Mar 30, 2020 0.88% 336,211,231

Fundamental Investors Inc 2,157,200 Mar 30, 2020 0.86% 325,758,772

Vanguard Growth Index Fund 1,950,103 Mar 30, 2020 0.77% 294,485,054

Among the discount larger stores, we see Walmart Inc. (WMT) leading higher in the months to come. Read more about Walmart’s partnership with health care. To read the news – click here.

CWEB Analysts see the stock as a potential for long term growth and a great addition to one’s portfolio and upward of $290 by 20121

Walmart Forms Partnership with Tribeca Turning 160 Walmart Parking Lots into Drive-in Theaters

CWEB Staff

-

July 31, 2020

0

Walmart Forms Partnership with Tribeca Turning 160 Walmart Parking Lots into Drive-in Theaters

Family drive-in movies are back as Walmart Inc. NYSE: WMT Walmart Forms Partnership with Tribeca turning 160 store parking lots into drive-in theaters. Starting in early August, NYSE: WMT Walmart is popping up safe, socially distanced drive-in events at Walmart Super Centers across America.

Drive-in movie goers will have a socially distanced big-screen experience. It is a safe way for the whole family to enjoy movies under the stars outside due to the Coronavirus pandemic. Movies will be shown from August to October with Tribeca programming the films. Concession foods will be available to one’s vehicle.

We reiterate our stock price on Walmart Inc. NYSE: WMT to $300 per share. Walmart has a Market Cap $350.5 B and a dividend of yield of 2.16%.

As of July 2, 2020 Walmart, Inc. (NYSE:WMT) is trading at 119.79, close to the 52-week high of 133.38. There’s good reason this stock can reach over $300.00 per share. Walmart Inc. (NYSE:WMT) has a market cap of 363.56B. Walmart Inc. (NYSE:WMT) has paid out a $0.54 dividend per share on 2/18/2020.

Walmart Inc. (NYSE:WMT) trades at 23 times forward earnings and pays a forward dividend yield of 1.9%. Dividends have increased annually for 45 straight years. Costco has a higher forward P/E of 38 but pays a lower forward yield of 0.9%. with an increased dividend annually for 16 straight years. Walmart Inc. (NYSE:WMT)’s price-to-earnings ratio is only 15.69% versus Costco’s 29.87%.

Walmart Inc. NYSE: WMT is a behemoth operating not only as a grocery store and also as a pharmacy. There is not a consumer staple product that Walmart Inc. NYSE: WMT does not sell. Walmart Inc. (NYSE:WMT) also offers financial services such as check cashing, wire transfers, and bill payments.

It is pretty evident that the stock market and economy will be on edge for many months to come due to COVID-19. Walmart Inc. (NYSE:WMT) has been hiring many workers due to increased demand due to the pandemic. The stock has shown resiliency during this time. Walmart has plenty of cash from operations to manage their near-term interest expenses.

Doug McMillon is president and CEO of Walmart Inc. Doug McMillion is the chairman of the Business Roundtable, an association of chief executive officers of America’s leading companies. He serves on the boards of directors of the Consumer Goods Forum, the U.S.-China Business Council and Crystal Bridges Museum of American Art. He also sits on the American Workforce Policy Advisory Board and the advisory board of the Tsinghua University School of Economics and Management in Beijing, China.

Doug McMillon was named president and CEO in 2014. From 2009 to 2014 he was president and CEO of Walmart International, and from 2005 to 2009 he served as president and CEO of Sam’s Club. He has worked at Walmart for nearly 30 years.

Top 6 Institutional Holders

Holder Shares Date Reported % Out Value

Vanguard Group, Inc. (The) 137,634,260 Mar 30, 2020 4.86% 15,638,004,621

Blackrock Inc. 90,196,443 Mar 30, 2020 3.18% 10,248,119,853

State Street Corporation 70,902,390 Mar 30, 2020 2.50% 8,055,929,551

FMR, LLC 22,899,929 Mar 30, 2020 0.81% 2,601,889,932

Geode Capital Management, LLC 21,186,737 Mar 30, 2020 0.75% 2,407,237,057

Bank of America Corporation 20,967,213 Mar 30, 2020 0.74% 2,382,294,741

Top Five Mutual Fund Holders

Holder Shares Date Reported % Out Value

Vanguard Total Stock Market Index Fund 41,720,918 Mar 30, 2020 1.47% 4,740,330,703

Vanguard 500 Index Fund 29,203,838 Mar 30, 2020 1.03% 3,318,140,073

Vanguard Specialized-Dividend Appreciation Index Fund 18,031,710 Jan 30, 2020 0.64% 2,064,450,477

SPDR S&P 500 ETF Trust 15,691,981 Mar 30, 2020 0.55% 1,782,922,881

Vanguard Institutional Index Fund-Institutional Index Fund 12,554,461 Mar 30, 2020 0.44% 1,426,437,858

NYSE: WMT CWEB Analysts view the stock as a long term growth and a great addition to your investment portfolio with an upward momentum of $500 by 2021

What Is The Future Of Deutsche Bank And Its Stock

CWEB Staff

-

July 31, 2020

0

What Is The Future Of Deutsche Bank And Its Stock

Deutsche Bank AG (NYSE:DB) issued its earnings results on Wednesday, April 29th., 2020 reporting $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.13.
The bank has taken steps to reduce expenses, that showed in results over the past few quarters.
Deutsche Bank AG issued revenue guidance of $7.059-7.059 billion. Prior consensus revenue estimate was $5.7 billion.

CEO Christian Sewing has been a member of the Management Board since January 1, 2015 and Chief Executive Officer since April 2018. On July 7, 2019 he took on additional responsibility for the newly established Corporate Bank and the Investment Bank.

Deutsche Bank began a major restructuring exercise well before the onset of the global pandemic.

“I am delighted that Claudio will lead our new growth pillar. He has made a major contribution since joining Deutsche Bank in December 2018 and possesses all the qualities and energy needed to lead this strategically vital business,” Mr von Rohr president of Deutsche Bank.

The new international private bank business will bring together wealth management divisions across Europe, the Americas, Asia, The Middle East , Africa with combination of private client, new clients with banking businesses in Italy, Spain, Belgium and India.

Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Vanguard International Stock Index-Total Intl Stock Index 33,324,252 Jan 30, 2020 1.61% 304,916,905
Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund 12,898,542 Dec 30, 2019 0.62% 100,350,656
iShares Core MSCI EAFE ETF 8,709,987 Feb 28, 2020 0.42% 75,951,086
iShares MSCI EAFE ETF 8,483,966 Feb 28, 2020 0.41% 73,980,183
Franklin Mutual Series Fund-Mutual Global Discovery Fund 6,644,039 Dec 30, 2019 0.32% 51,690,623
Vanguard International Stock Index-Vanguard European Stock Index 4,051,072 Jan 30, 2020 0.20% 37,067,308
Fidelity International Index Fund 3,993,052 Feb 28, 2020 0.19% 34,819,413

Top Institutional Holders
Holder Shares Date Reported % Out Value
Capital Research Global Investors 77,277,774 Mar 30, 2020 3.74% 496,123,309
Vanguard Group, Inc. (The) 65,999,829 Mar 30, 2020 3.19% 423,718,902
Hudson Executive Capital, LP 64,861,476 Mar 30, 2020 3.14% 416,410,675
Feinberg Stephen 62,035,000 Mar 30, 2020 3.00% 398,264,700
Goldman Sachs Group, Inc. 35,517,971 Mar 30, 2020 1.72% 228,025,373

The company’s Zacks Consensus Estimate for the current-year loss has widened to 41 cents from 31 cents over the past 60 days. It currently carries a Zacks Rank #3 (Hold).

CWEB Analyst’s have issued a Buy Rating for Deutsche Bank and upside of $20 – $40 in 2021

Pressure on margins due to low interest rates and declining fee income is primarily responsible for the decline in revenues. Further, challenging business conditions in the domestic economy might deter top-line growth. No pressure on margins are expected any time soon. Further, positive business conditions in the domestic economy and in North America will increase the top-line growth.

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Facebook record breaking quarter with crushing revenue and active users

CWEB

-

July 31, 2020

0

Facebook record breaking quarter with crushing revenue and active users

Facebook both ad revenues and subscribers came in ahead of expectations.

Revenues overall rose nearly 11%, to $18.69B; ad revenues rose 10% to $18.32B.

Operating income jumped 29% to $5.96B, with margin of 32%.

And amid a sharply lower effective tax rate (16% vs. 46%), net income nearly doubled, to $5.18B.

Daily active users were 1.79B (up 12%), topping expectations for 1.74B, and monthly active users also rose 12%, to 2.7B.

Family daily active people was 2.47B on average, up 15%. Family monthly active people was 3.14B, up 14%.

“We’re glad to be able to provide small businesses the tools they need to grow and be successful online during these challenging times,” said Mark Zuckerberg, Facebook founder and CEO. “And we’re proud that people can rely on our services to stay connected when they can’t always be together in person.”

Second Quarter 2020 Financial Highlights

	Three Months Ended June 30,				Year-over-Year %
In millions, except percentages and per share amounts	2020		2019⁽¹⁾		Change
Revenue:
Advertising	$	18,321	$	16,624	10%
Other	366		262		40%
Total revenue	18,687		16,886		11%
Total costs and expenses	12,724		12,260		4%
Income from operations	$	5,963	$	4,626	29%
Operating margin	32%		27%
Provision for income taxes	$	953	$	2,216	(57)%
Effective tax rate	16%		46%
Net income	$	5,178	$	2,616	98%
Diluted earnings per share (EPS)	$	1.80	$	0.91	98%

Second Quarter 2020 Operational and Other Financial Highlights

Facebook daily active users (DAUs) — DAUs were 1.79 billion on average for June 2020, an increase of 12% year-over-year.
Facebook monthly active users (MAUs) — MAUs were 2.70 billion as of June 30, 2020, an increase of 12% year-over-year.
Family daily active people (DAP) — DAP was 2.47 billion on average for June 2020, an increase of 15% year-over-year.
Family monthly active people (MAP) — MAP was 3.14 billion as of June 30, 2020, an increase of 14% year-over-year.
Capital expenditures — Capital expenditures, including principal payments on finance leases, were $3.36 billion for the second quarter of 2020.
Cash and cash equivalents and marketable securities — Cash and cash equivalents and marketable securities were $58.24 billion as of June 30, 2020. On July 7, 2020, we paid approximately $5.8 billion at the then—current exchange rate for our investment in Jio Platforms Limited.
Headcount — Headcount was 52,534 as of June 30, 2020, an increase of 32% year-over-year.

About Facebook

Founded in 2004, Facebook’s mission is to give people the power to build community and bring the world closer together. People use Facebook’s apps and technologies to connect with friends and family, find communities and grow businesses.

The global number of Facebook users is expected to reach 4billion, in 2026.

CWEB Analysts see Facebook stock as a long and short term growth with huge rewards and potential upwards of $800 by 2021.

NBA Hoopla Inside the Orlando Campus Bubble

CWEB

-

July 31, 2020

0

NBA Hoopla Inside the Orlando Campus Bubble

The NBA is back after a 5-month hiatus and set to restart the 2019-2020 season on Thursday at the Walt Disney World Resort near Orlando, Florida, with a TNT doubleheader: Utah Jazz vs. New Orleans Pelicans and Los Angeles Clippers vs. Los Angeles Lakers.

The league shut down on March 11 when — just moments before the Utah Jazz were to take on the Thunder in Oklahoma City — it was learned that Jazz center Rudy Gobert had tested positive for Covid-19.

Twenty-two of the league’s 30 teams will take part in the season restart. Earlier this week, the league and players’ union announced that none of the 344 players who have been tested since July 20 tested positive for Coronavirus.

Each of the 22 teams in Orlando will play eight “seeding” games that will constitute the close of the regular season, at which point the top seven playoff seeds in each conference will be locked. As for the No. 8 seeds, if the No. 9 seed is within four games in the standings at the conclusion of the eight seeding games, there will be a playoff for the final spot, with the No. 9 seed having to beat the No. 8 seed twice. Once the playoffs start, it will be business as usual: four rounds, seven-game series. If all goes well, the NBA Finals will conclude within the first two weeks of October. As for story-lines to watch for, there are plenty. Hundreds, if you really want to go that deep. But we won’t do that. We’ll focus on the big ones, and there are indeed plenty of those as the playoff, and the ultimate championship chase feels more wide open than at any point I can recall, particularly in this unique environment. It genuinely feels like anything could happen.

Since the NBA opted to create a “bubble” at the Disney World Resort to reduce the risk of Coronavirus exposure, only two players have tested positive — and that was between July 7 and July 13. NBA Commissioner Adam Silver has said if an outbreak occurs and the virus begins spreading around the NBA campus, he would have no issue with shutting the season down.

Let’s hope that’s not the case and the NBA has a better first week inside their Orlando bubble than Major League Baseball has endured globetrotting throughout the United States, as all 30 MLB teams attempt to play out their 60-game shortened season within their own cities & stadiums.

By Jrobertiko – Denis Adriana Macias, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=11429622

Apple cuts deal with Amazon to get Amazon Prime on Apple devices.

CWEB Staff

-

July 30, 2020

0

Apple cuts deal with Amazon to get Amazon Prime on Apple devices.

In the beginning of 2020, Apple relaxed its 30% charge policy for some video apps that sell movies and TV shows on its platform if they meet certain criteria. Apple made a deal for 15% to get Amazon Prime on its devices.

On July 29^th, 2020 Tim Cook testified at the congressional hearing on antitrust concerns.When asked about Apple’s App Store policies, Tim Cook said that its policies apply to all developers and that it has not raised the fees that exist for developers since the store was launched. “We treat every developers the same. We have open and transparent rules – it’s a rigorous process. Because we care so deeply about privacy and security and quality, we do look at every at every app before it goes on, but those rules apply evenly to everyone.” Tim Cook also stated “The use of technology called MDM (Mobile Device Management) placed kid’s data at risk, and so we were worried about the safety of kids. There’s over 30 parental control (apps) on the App Store today, so there’s plenty of competition in this area.”

Today is Apples shareholder meeting takes place today-

FY 20 Third Quarter Results

Apple’s conference call to discuss third fiscal

quarter results are scheduled for Thursday, July 30, 2020

at 2:00 p.m. PT / 5:00 p.m. ET. To listen Visit

Based on 32 analysts offering 12-month price targets for Apple in the last 3 months. The average price target is $378.55 with a high forecast of $450.00 and a low forecast of $295.00. The average price target represents a -0.94% decrease from the last price of $382.15. Source Tip Ranks

MLB Under Hot Water Due to the Miami Marlins Outbreak Institutes New Safety Protocol

CWEB Staff

-

July 30, 2020

0

MLB Under Hot Water Due to the Miami Marlins Outbreak Institutes New Safety Protocol

In the aftermath of the Miami Marlin’s recent clubhouse outbreak, which led to at least 17 players & 2 coaches positive tests for the Coronavirus, Major League Baseball has FINALLY begun to take necessary action. Is it a matter of too little too late? Perhaps. Is it an opportunity to salvage a shortened 60-game season? Hopefully. Here’s the latest of what commissioner Rob Manfred & members of the MLB office is implementing going forward.

Some elements of the protocol are unlikely to change, including testing. Currently, on-field personnel, including players, are tested every other day via a saliva sample. The sample is sent to MLB’s Utah lab, where it is typically processed within 36 hours. In the case of an outbreak, the lag in testing could be problematic. It’s also not something likely to be solved, sources said, with the more rapid point-of-care testing. The sensitivity — or how often a lab test generates a positive that accurately reflects the presence of the virus — is higher in the saliva test than the point of care.

Larger changes in MLB’s protocol could be near. With the league now having postponed games, there is precedent, sources said, for pausing play at the first sign of an outbreak. If it’s evident a cluster could be forming, one official said, the league could stop play for one team to get a better sense of how penetrative the virus has been. Of course, with the virus’ incubation period lasting up to 14 days, according to the CDC, it remains possible that even a stop in play could be too late to keep the virus from spreading in the clubhouse.

The first extension of protocols in the memo tighten them anyway. While the league won’t mandate an on-the-road quarantine, players and team staff will be highly discouraged from even going into common areas of the hotel. On buses, the compliance officer will arrange seating charts- and, in some cases, separate groups of friends likelier to run afoul of the 6-foot rule, which the league is treating as sacrosanct along with the adoption of surgical mask use for all. Each team will be assigned a compliance person, who will be designated with rare Tier 1 credential status given to essential personnel such as players, managers, coaches, and training staff, will submit reports and monitor hotels. The adherence to protocol around baseball has been a point of contention, particularly whether all of its elements matter. Players have spent the first week of play spitting, high-fiving, and in the case of the Astros-Dodgers altercation Tuesday, ignoring social distancing — and, at least to this point, have stayed coronavirus-free.

MLB is investigating a wide range of factors, from the team’s in-stadium behavior — mask wearing, social distancing and other protocol-suggested factors — to the off-field activities of players and staff, according to sources. The league will especially look into the players going out at night in Atlanta during the Marlins’ time in the city for preseason games against the Braves.

However much the actions of those in the Marlins’ organization might have tested the protocol by not adhering to it, what happened Sunday highlights warrants more attention.

Nowhere does the 113-page protocol that governs the 2020 season explicitly address how the league would handle a coronavirus outbreak, let alone one the magnitude of the Marlins’. It offers neither a threshold of cases to shut down a team nor a scenario that would cause a pause in the season. For a document as detailed and pedantic as MLB’s operations manual, the lack of specificity on literally the entire reason for its existence — the presence of a global pandemic — has been a glaring omission, multiple general managers said leading up to the season.

The Miami Marlin’s 2020 season was put on hold for one week (7-games) after their recent COVID-19 outbreak. Outfielder Harold Ramirez was one of the players who tested positive. Ramirez, 25, told a Spanish television program on Wednesday, that he’s the only person on the Marlins currently experiencing symptoms, including a cough and body aches. In his interview, Ramirez advocated for the idea of a one-location “bubble” for the 2020 MLB season, saying that could help an outbreak.

I happen to agree with Ramirez. The NBA agrees with him and so does the NHL who both are restarting their seasons in a bubble. The NBA is currently stationed in Orlando Florida while the NHL is in two areas of Toronto Canada. Major League Baseball had every opportunity to follow the same path. Two months ago, all 3 commissioners of the respective leagues had a conference call to discuss their ideas about moving forward during the pandemic, and I’m sorry to say but MLB commissioner Manfred got it all wrong by not following the NBA & NHL’s lead.

Photo Credit: By Arturo Pardavila III from Hoboken, NJ, USA –

Impossible Foods To Sell Meatless Food Products in Walmart Stores

-

July 30, 2020

0

Impossible Foods To Sell Meatless Food Products in Walmart Stores

Impossible foods makes a deal with Walmart Inc. (WMT) NYSE to for its meat alternative products to be sold in Walmart stores. Impossible Foods plans to increase its retail presence over 50 % to increase sales and gain market share for its meatless food products.

Walmart will sell the Impossible Burger in 12-ounce packages in brick-and-mortar locations and through their Grocery Pickup & Delivery platform.

Patrick O. Brown is CEO and founder of Impossible Foods, a company at the forefront of making nutritious, delicious meat and dairy products from plants to satisfy meat lovers and address the environmental impact of animal farming. He pioneered the use of gene expression patterns to classify cancers and improve prediction of their clinical course.

Walmart Financial Information:

Total revenue was $134.6 billion, an increase of $10.7 billion, or 8.6%. Excluding currency , total revenue would have increased 9.7% to reach $135.9 billion.Walmart U.S. comp sales1 increased 10.0%, led by strength in food, consumables, health & wellness, and some general merchandise categories.

Walmart U.S. eCommerce sales grew 74% with strong results for grocery pickup and delivery services, walmart.com and marketplace.Due to continued strength of the Walmart.com brand, the company will discontinue Jet.com. The acquisition of Jet.com nearly four years ago was critical to accelerating our omni strategy.Sam’s Club comp sales increased 12.0%, led by in-club transactions. eCommerce sales grew 40%.

In other news, The Flipkart Group, India’s homegrown e-commerce group, today announced the launch of Flipkart Wholesale, a new digital marketplace that will help transform India’s retail ecosystem by leveraging cutting-edge and locally developed extensive leadership in the consumer e-commerce segment and technology for the country’s mom-and-pop “kirana” grocery stores and other small retailers. As part of this launch, the Group also announced the acquisition of 100% interest in Wal-Mart India Private Limited, which operates the Best Price cash-and-carry business, to leverage the strong wholesale capabilities of the company and enable growth and prosperity for the nation’s kiranas and micro-, small- and medium-sized enterprises (MSMEs). The launch and acquisition follow the recent announcement of a new $1.2 billion equity round, valuing the Flipkart Group at $24.9 billion post-money. Source: Walmart

Walmart has also invested $428 million more in associates with another special bonus, totaling $1.1 billion in special bonuses so far this year.

Doug McMillon is president and CEO of Walmart Inc. Under Doug’s leadership, Walmart is making life easier for busy families and building trust with customers. It is investing heavily in associate wages, benefits, and education–including a debt-free, dollar-a-day college program and an expanded parental leave policy. And, it launched an ambitious program, Project Gigaton, to combat climate change and work with suppliers to avoid 1 billion metric tons of emissions worldwide.

NYSE: WMT CWEB Analysts view the stock as a long term growth and a great addition to your investment portfolio with an upward momentum of $1000 by 2021 with direct competition to Amazon.

Impossible Foods Photo Credit –Impossible Foods

3D Printed House Goes Up in a Day for Under $10,000

CWEB

-

July 30, 2020

0

3D Printed House Goes Up in a Day for Under $10,000

There aren’t a ton of ways to build a house other than the way houses have always been built, which is to say, by putting up four walls then adding a roof. This ages-old technique had to be modernized at some point, though, and as with everything else in our lives these days, technology’s delivering that modernization. In this case, instead of being built the old-fashioned way, houses can now be printed.

Last week at the South By Southwest festival in Austin, Texas, construction technologies startup ICON and housing nonprofit New Story unveiled their version of a 3D printed house. The model is 650 square feet and consists of a living room, kitchen, bedroom, bathroom, and shaded porch. It went from zero to finished in under 24 hours, and it cost less than $10,000. Equivalent homes built in developing countries will cost a mere $4,000 each.

This isn’t the first 3D printed house to spring up (or, rather, to be plopped down); there are similar structures created with similar technology in Russia, Dubai, Amsterdam, and elsewhere, but this is the first permitted 3D printed home to go up in the US.

ICON’s crane-like printer is called the Vulcan, and it pours a concrete mix into a software-dictated pattern; instead of one wall going up at a time, one layer is put down at a time, the whole structure “growing” from the ground up. The printer consists of an axis set on a track, giving it a flexible and theoretically unlimited print area.

“With 3D printing, you not only have a continuous thermal envelope, high thermal mass, and near zero-waste, but you also have speed, a much broader design palette, next-level resiliency, and the possibility of a quantum leap in affordability,” said Jason Ballard, ICON’s co-founder. “This isn’t 10 percent better, it’s 10 times better.”

The house has a greater purpose than just wowing techies, though. ICON and New Story’s vision is one of 3D printed houses acting as a safe, affordable housing alternative for people in need. New Story has already built over 800 homes in Haiti, El Salvador, Bolivia, and Mexico, partnering with the communities they serve to hire local labor and purchase local materials rather than shipping everything in from abroad.

New Story is in the process of raising $600,000 to fund a planned 100-home community in El Salvador. It will be the first-ever community of 3D printed homes. Printing will begin later this year, and the goal is for families to be moving in by Q3 of 2019. Donors can fund a full house with just $4,000.

Six hundred and fifty square feet may not sound like much space for more than one to two people, but it’s a huge step up from the lean-tos and shacks that make up the slums where millions of people live. ICON and New Story hope the Salvadorian community will serve as a scalable model that can be exported to developing countries around the world, providing a high-quality housing option for the millions who currently lack one.

slum-tent-Haiti — Image Credit: Adam Brophy

“Instead of waiting for profit motivation to bring construction advances to the global south, we are fast-tracking innovations like 3D home printing that can be a powerful tool toward ending homelessness,” said Alexandria Lafci, COO of New Story.

The homes are built to the International Building Code structural standard and are expected to last as long or longer than standard concrete masonry unit homes.

While 3D printed houses are a great alternative to the flimsy lean-tos millions of people call home, there are some limitations to consider in terms of them being a solution to global housing shortages.

The biggest need for affordable, safe housing in the developing world is in or near big cities; take the slums of Cape Town, Nairobi, or Mumbai as an example. Replacing families’ current homes in these locations with printed houses may prove difficult simply due to space constraints; 3D printed communities are far more practical in rural areas where there’s less population density, and may not be a truly scalable solution in urban areas until the communities get vertical. 3D printed high-rises are already in the works, though not yet for the purpose of affordable housing.

If skyscrapers can be printed and used as offices, it’s only a matter of time before they can be used for housing as well. And in the meantime, $4,000 a pop for a safe, cozy home where there was no home before is a solid step in the right direction.

Image Credit: New Story

By Vanessa Bates Ramirez

This article originally appeared on Singularity Hub, a publication of Singularity University.

CWEB

CWEB

CWEB Inc.

CWEB NEWS

Apple Announces 4 To 1 Stock Split as Shares Surge Above $400 Following Record Q3 Earnings

Buy Rating on Dollar General Stock Offering Solid Gains

Walmart Forms Partnership with Tribeca Turning 160 Walmart Parking Lots into Drive-in Theaters

What Is The Future Of Deutsche Bank And Its Stock

Facebook record breaking quarter with crushing revenue and active users

NBA Hoopla Inside the Orlando Campus Bubble

Apple cuts deal with Amazon to get Amazon Prime on Apple devices.

MLB Under Hot Water Due to the Miami Marlins Outbreak Institutes New Safety Protocol

Impossible Foods To Sell Meatless Food Products in Walmart Stores

3D Printed House Goes Up in a Day for Under $10,000

About us

Company

Account

Subscribe to get Latest News Updates