Here's What Earnings, Charts Show. (To watch Yu’s track record, click here)Overall, the Street’s outlook on Nio’s prospects offers a conundrum. Apollo board to probe Leon Black's ties to Jeffrey Epstein, This story has been shared 2,805 times. “He is still contributing 15% (10% employer, 5% employee) toward retirement with a long runway being only 38 years old.” Frankly, you might even be able to contribute less to retirement if that meant you could pay down debt faster: “Saving money for retirement is incredibly important, but between your savings to date and your company’s 10% contribution (which is amazing — kudos to them), your retirement fund should continue to grow steadily — even if you take a pause from saving altogether and drop your contribution rate down to 0%,” says Amy Ouellette, director of retirement services at Betterment for Business — adding that’s true only “as long as you’re truly ready to be focused on paying down your debt as rapidly as possible.”. He likes the idea as long as investors put the stock in the total speculative column.Nio Inc - ADR (NYSE: NIO) did take off and Cramer admits he was late to the party. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering and news that Ant had run into regulatory issues with the Chinese government. I work in Covington, La. Beijing also issued draft rules on online micro lending, stipulating stricter capital requirements and operational rules for some of Ant Group Co.’s consumer credit businesses. On Monday, Beijing’s top financial watchdogs summoned Ma and dressed him down. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). We will remove this and make the changes needed. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. If Ma says systemic risk is not China’s Achilles’ heel, hear him out. “Now they’re going about replacing them. Practice your trading skills with unlimited Demo, Pulled Ant Group IPO costs Alibaba nearly $60B in market cap. 2,575, This story has been shared 2,471 times. But going forward, to appease its banks, Beijing may want to level the regulatory playing field. Please enter your 17 character Vehicle Identification Number, If we need to contact you do you want us to use. Ant then said in a filing it would suspend its Hong Kong IPO as well. Yu’s rating, at this point, remains a Buy. The fintech giant was scheduled to start trading on Thursday. Young Trader Has Quietly Made Over $2.8MM In 2020, Wait, Chrissy Teigen, Prince Harry & Beyoncé All Have Mortgages? Local. ... NEW YORK -- J.C. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring under bankruptcy protection. We'll notify you here with news about. Do Not Sell My Personal Information, Your California Privacy Rights The creator of this safe savings rule says people always oversimplified his advice. Dies geschieht in Ihren Datenschutzeinstellungen. Coronavirus update: U.S. headed for ‘most deadly phase’ of pandemic, says Dr. Birx, contradicting Trump’s insistence it has rounded a corner, Exclusive: Tired of Trump, Deutsche Bank games ways to sever ties with the president - sources, Dow Jones Jumps 400 Points As Biden Lead Narrows; Software Stocks Lag, Amazon Hit Again. The Topix Forums Have Sailed Into the Sunset For over a decade Topix has proudly served up your town’s latest news and hottest takes. Find real-time JCPNQ - J C Penney Company Inc stock quotes, company profile, news and forecasts from CNN Business. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. A record-breaking 59% of their capital expenses went into mere “regular maintenance,” the brokerage found.Ma’s words were blunt, but these phrases, such as “pawn shops,” are not his concoctions. The beleaguered, century-old retailer said Wednesday that it has filed a draft asset purchase agreement with the two biggest mall owners in the US. China’s richest man has been busy launching the world’s biggest IPO. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. SEASONAL/MARKETING. I was shocked that a manager would tell his employee that, a senior citizen at that. Well, there’s a giant need for greater and more accurate coronavirus testing and tracing capabilities—and that will help the companies that supply them. Aussie Recession Could Send Gold Price Soaring, Cramer Gives His Opinion On Jumia Technologies, Nio, More, China Turns to Lobsters, Wine and Coal to ‘Punish’ Australia, AT&T Stock: Is It A Buy Right Now? J.C. Penney (JCP) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2020. ©2020 J. C. Penney Corporation, Inc. All rights reserved. Big change, borne of unrest and acrimony, is coming to the U.S. in the next 5-10 years, the outspoken billionaire investor thinks. JCP Week in Review, October 23 Hospital staff tackling second wave of Covid-19 ‘disheartened’ by rule-breakers All The Winners From The 2020 CMT Music Awards The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. In that time a lot has changed. Marijuana stocks were mixed on Election Day after surging Monday on hopes for greater cannabis legalization at the state and federal levels. In that speech, apart from labeling the global banking Basel Accords as an “old people’s club,” Ma said “systemic risk” is not the issue in China. Please click here to see what is changing. The consensus EPS estimate for the quarter has been revised 339.29% lower over the last 30 days to the current level. Registered users are able to purchase subscriptions for technical information such as Workshop Manuals, Electrical Diagrams, Technical Bulletins, and Diagnostic Release Notes. He thinks it goes higher.Cramer is not a buyer of Sabre Corp (NASDAQ: SABR). Poland Delays Enforcement of Abortion Ruling as Protests Persist, Elections 2020: Why a Blue Wave win could lead to inflation concerns. COVID-19 Coverage | View the latest announcements and news. The U.S. could split up, Gundlach says. An earlier version was corrected to show China is averse to extending credit to smaller borrowers, not lenders, in the fifth paragraph. Canceled orders. Midtown stretch gets a boost, Cole Haan takes 50% off outerwear, boots and more winter essentials, These noise-canceling earplugs were a hit on Shark Tank — and are now 25% off, The best Wi-Fi extenders for boosting your internet connection range, Best Buy's 27 biggest early Black Friday deals of 2020, Mr. Coffee java makers marked down up to 37 percent off, Cocktail queen sneaks drinks out of bars in her top, Erika Girardi files for divorce from Tom Girardi. The consequences came this week. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. Bureaucrats at the People’s Bank of China, for instance, had used the same words themselves. Thanks for contacting us. Year-to-date, the stock has accrued an astounding 764%.The market might be infatuated with tech/growth/EV stocks, all boxes the company dubbed "the Chinese Tesla" ticks, but its market performance is getting some backup from real world data.Nio announced earlier this week that in October it sold 5,055 vehicles, displaying a 100% year-over-year uptick.With waiting times on deliveries now reaching up to 6 weeks, Deutsche Bank analyst Edison Yu believes the demand “continues to outstrip supply.”“NIO already announced it hit 5k units produced for the month last week on 10/29 and we think it could potentially reach about 6k output/month in the near term running on 1 shift assuming it can run at full speed/efficiency and supply chain can keep up,” the analyst said. And yet two weeks ago, Ma somehow found the time to opine on China’s banking system at a high-profile financial forum in Shanghai, once again throwing himself into the eye of the storm. Here’s the latest tidbit of evidence: In the third quarter, even as China’s economy recovered and 86% of 300 smaller manufacturers CLSA spoke to became profitable, most remained wary. Join Millions of Traders who have also chosen Plus500! If you are an existing user please select login. Crew and the Neiman Marcus Group filed, and represented the biggest casualty amid retail closures tied to the coronavirus pandemic. While the stock holds a Moderate Buy consensus ratings, at $23.37, the average price target implies shares will drop by 30% over the coming months. Penney appears a compelling earnings-beat candidate. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Is it a buy? He left everyone shocked with his new project, Dave Ramsey warns: Don't do these 10 things with your money, Dow Jones Jumps 600 Points In Election Day Rally As Biden Leads Trump. For the last reported quarter, it was expected that Penney would post a loss of $0.08 per share when it actually produced earnings of $0.13, delivering a surprise of +262.50%. Register. JC Penney Forum » Topix 29 Shocking Stars Who Got Fired For Being Offensive: pin. Terms of Use CFD service, Your capital is at risk. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Oct. 12, 2020 – JCPenney Begins Holiday Deals in October with Exciting New Brands for A Safe Season Full of Merry. (ABT)’ (ticker: ABT) six coronavirus tests drove a 39% gain in third-quarter diagnostic sales. (See NIO stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. Sept. 1, 2020 – JCPenney Surprises Students with Virtual Shaquille O’Neal Mentoring Session. I’m 60, my wife thinks ‘money is for spending,’ I just lost my job and plan to retire — how can we avoid money fights? A Financial Expert Explains. … What the future holds for ETFs after the election, Stocks rally on election day as the early vote surpasses 100 million, Jack Ma's Blunt Words Just Cost Him $35 Billion. The Dow Jones outperformed in afternoon trading Monday, helped by gains of at least 3% for Honeywell, Dow Inc. Chevron, Walgreens and Caterpillar. Risks of bankruptcy. Retailer JC Penney left for dead, is being resuscitated by two of the nation's largest landlords potentially saving 70,000 jobs. That should have been no problem because Ant’s IPO would have brought in billions of dollars of capital for loan provisions.In its statement, the Shanghai exchange cited the changing regulatory landscape as one reason Ant no longer qualified for a listing. (Bloomberg Opinion) -- Jack Ma is a very busy man. Over the last four quarters, the company has beaten consensus EPS estimates three times. Announces the 2020 LATINA Style 50 Report: The 50 Best Companies for Latinas to Work for in the U.S. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. It is very important to do your own analysis before making any investment. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. 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