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Daily Post Nigeria Abia Govt slams embargo on chieftaincy titles Home News Politics Metro Entertainment Sport News Abia Govt slams embargo on chieftaincy titles Published on November 30, 2024 By Daniel Chibuike The Abia State government has expressed strong reservation about the flagrant abuse of the appellations “His Royal Majesty,” and “His Royal Highness” by some Ezeogos in various autonomous communities in the state even when they are not government recognised traditional rulers. A statement signed by the Commissioner for Local Government and Chieftaincy Affairs, Uzor Nwachukwu, said that it has also been proven that the Ezeogos conferred chieftaincy titles on some citizens and friends of their various autonomous communities when they are not in the position to confer such chieftaincy titles on people. The statement further stressed that the Abia State of Nigeria Traditional Rulers and Autonomous Communities (Amendment) Law No. 8 of 2015, stipulates that only government-recognised traditional rulers have the right to confer chieftaincy titles on persons of proven integrity and unquestionable character. According to the statement: “The traditional institution in the State is a respectable, reputable and revered one, and should be treated as such, hence, all celebration on conferment of chieftaincy titles on some individuals in autonomous communities in Arochukwu, Abriba, Nkporo and Ohafia by some Ezeogos is hereby cancelled in the interest of peace in the State.” Ths Abia State Government further said: “Security agencies have been put on red alert to arrest and prosecute any Ezeogo or individual in any autonomous community who challenges the government’s directive.” Related Topics: abia Don't Miss Tinubu urges politicians to emulate late Wayas You may like NSCDC partners Navy to tackle oil theft on Abia waterways Environmental sanitation: 110 defaulters arrested in Abia Festive season: Abia Govt bans fireworks, to sanction violators APGA: Edozie Njoku-led faction keeps mum in Abia, as party members celebrate Supreme Court ruling Abia Govt redeems cash, employment promises to athletes BOI, Abia Govt sign deal to disburse N10 billion to entrepreneurs Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media LtdNo. 22 Illinois reaches 9 wins for first time in 17 years with 38-28 victory over Northwestern
Scores of (ASX: XJO) stocks are set to go before New Year's Eve. In fact, they're all scheduled to go ex-dividend on 30 December. This sets a deadline for ASX investors interested in racking up some extra before the year is out. However, act with caution. Don't go buying stocks just because they're about to pay a dividend! recommends making sure they stack up on a basis before investing your hard-earned money. ASX 200 stocks going ex-dividend on 30 December If you want the next dividend from these ASX 200 stocks, you need to buy them before the ex-dividend date. This is the first day that the stock will trade without its next dividend attached. The share price typically goes down on the ex-dividend date. This is because the stock is less appealing without the dividend attached. Investors also know that the company's will take a hit when the dividend is paid to shareholders. It's useful to be aware of the ex-dividend dates on the ASX 200 stocks you own or are watching. If you already own the stock, this awareness will forewarn you of the likely share price fall on ex-dividend day. By the way, that fall may present a good opportunity for . If you've been watching a stock and would like to buy it, and the price is right, knowing the ex-dividend date may help you plan the timing of your purchase. Here are a bunch of ASX 200 stocks going ex-dividend next week and the amounts they will pay investors. 15 ASX 200 stocks going ex-dividend on 30 DecemberHarrisburg meets moment, season with grit, falls to Pittsburgh Central Catholic in PIAA 6A semifinals
Investment Thesis NETGEAR, Inc. ( NASDAQ: NTGR ) is an investment with mixed prospects. On the one hand, there's the obvious consideration that this business is debt-free, with about 60% of its market cap made up of cash. On the other hand, Netgear isn't Strong Investment Potential My Marketplace highlights a portfolio of undervalued investment opportunities - stocks with rapid growth potential, driven by top quality management, while these stocks are cheaply valued. I follow countless companies and select for you the most attractive investments . I do all the work of picking the most attractive stocks. Investing Made EASY As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outstanding professional experience in tech and energy and a following of over 40K on Seeking Alpha. Michael is the leader of the investing group Deep Value Returns Features of the group include: Insights through his concentrated portfolio of value stocks, timely updates on stock picks, a weekly webinar for live advice, and "hand-holding" as-needed for new and experienced investors alike. Deep Value Returns also has an active, vibrant, and kind community easily accessible via chat. Learn more Seeking FCF is an associate of Michael Wiggins De Oliveira Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.A recent study that recommended toxic chemicals in black plastic products be immediately thrown away included a math error that significantly overstated the risks of contamination, but its authors are standing by their conclusions and warn against using such products. Published in the peer-reviewed journal Chemosphere , experts from the nonprofit Toxic-Free Future said they detected flame retardants and other toxic chemicals in 85% of 203 items made of black plastic including kitchen utensils , take-out containers, children's toys and hair accessories. In a blog post, Joe Schwarcz, director of McGill University's Office for Science and Society in Canada, explained that the Toxin-Free Future scientists miscalculated the lower end of what the EPA considered a health risk through a multiplication error. Instead of humans being potentially exposed to a dose of toxic chemicals in black plastic utensils near the minimum level that the EPA deems a health risk, it's actually about one-tenth of that. (Dreamstime/TNS) The study initially said the potential exposure to chemicals found in one of the kitchen utensils approached the minimum levels the Environmental Protection Agency deemed a health risk. But in an update to the study, the authors say they made an error in their calculations and the real levels were "an order of magnitude lower" than the EPA's thresholds. The error was discovered by Joe Schwarcz, director of McGill University's Office for Science and Society in Canada. In a blog post, Schwarcz explained that the Toxin-Free Future scientists miscalculated the lower end of what the EPA considered a health risk through a multiplication error. Instead of humans being potentially exposed to a dose of toxic chemicals in black plastic utensils near the minimum level that the EPA deems a health risk, it's actually about one-tenth of that. Though Schwarcz said the risks outlined in the study aren't enough for him to discard his black plastic kitchen items if he had them, he agreed with the authors that flame retardants shouldn't be in these products in the first place. "The math error does not impact the study's findings, conclusions or recommendations," said Megan Liu, a co-author of the study who is the science and policy manager for Toxic-Free Future . She added that any traces of flame retardants or toxic chemicals in cooking utensils should be concerning for the public. Flame retardants are getting into commonly used items because black-colored products are being made from recycled electronic waste, such as discarded television sets and computers, that frequently contain the additives. When they're heated, the flame retardants and other toxic chemicals can migrate out. If you're wondering whether your old black plastic spoon or other utensils are a part of this group, Liu shared some more guidance. It's nearly impossible to know whether a black plastic product is contaminated. That's because these products that include recycled e-waste don't disclose a detailed list of all ingredients and contaminants in the product. Liu said it's also unclear how many types of flame retardants are in these black plastic products. Some of the products that researchers tested in this recent study "had up to nine different harmful chemicals and harmful flame retardants in them," she said. Anytime you're looking for the type of recycled plastic a product is made of you're going to look for a number within the chasing arrows (that form a triangle) logo. Recycling symbols are numbered 1 to 7 and we commonly associate the numbers with what we can toss in our blue recycling bins. The 1 through 7 numbers stand for, respectively, polyethylene terephthalate, high-density polyethylene, polyvinyl chloride (PVC), low-density polyethylene, polypropylene, polystyrene or Styrofoam, and miscellaneous plastics (including polycarbonate, polylactide, acrylic, acrylonitrile butadiene, styrene, fiberglass and nylon). The study found higher levels of toxic flame retardants in polystyrene plastic, which is labeled with the number 6, said Liu. There isn't a definitive timeline of when recycled electronic-waste started to be incorporated into black plastic products specifically, but e-waste started to get recycled in the early 2000s, Liu said. The way computers, cellphones, stereos, printers and copiers were being disposed of previously was to simply add them to a landfill without reusing salvageable parts. But as the National Conference of State Legislatures notes, electronics production required a significant amount of resources that could be recovered through recycling. Recovering resources such as metals, plastics and glass through recycling used a fraction of the energy needed to mine new materials. However, the study pointed out that flame retardants and other chemical contaminates have been detected in and near e-waste recycling facilities, in indoor air and dust at formal e-waste recycling facilities in Canada, China, Spain and the U.S. It also noted contamination in soil samples surrounding e-waste recycling sites in China and Vietnam. The safest nontoxic material options for kitchen utensil are wood and stainless steel. The 20th century brought airplanes, radio, television, the internet, and plastic. Lots of plastic. That plastic is now showing up on shorelines, forming islands in oceans, and generating mountains of translucent trash on land. Around 700 species of animals in the sea have been found to interact with plastic daily. Companies across every industry face pressure to reduce the amount of plastic they produce. Seventy-two percent of the world's largest have made voluntary commitments to reduce their plastic waste, according to a Duke University analysis. One industry, in particular, has greatly benefited from advancements in single-use plastic technology: the medical industry. Only in recent years have businesses and academics in the field begun to talk about minimizing their impact on our environment like beverage manufacturers and other consumer goods-producing businesses. Medical Technology Schools analyzed academic studies published in the National Library of Medicine , the American Medical Association , and news reports to shed light on the medical community's use of plastics through history, their environmental problems, and proposed solutions to reduce their impact. And the impact can be significant. A single hospital patient generates nearly 34 pounds of waste a day —as much as a quarter of it is plastic. The COVID-19 pandemic only worsened the problem. The pandemic pushed hospital capacity to the brink and led to a massive increase in personal protective equipment and medical supply usage. Medical-grade masks and other protective equipment like face shields, made mostly of nonrenewable plastics, were in high demand. In 2020, the World Health Organization estimated that the international need for PPE manufacturing would boost 40% to address the public health crisis. Hospitals needed an estimated 89 million masks, 76 million gloves, and 1.6 million goggles every month of the pandemic. To date, nearly 677 million COVID-19 vaccine doses have been administered, each requiring their own plastic syringe, according to data from the Centers for Disease Control and Prevention. Global consulting firm Frost & Sullivan estimated that the U.S. would produce a year's worth of medical waste in just two months due to the pandemic. The World Economic Forum warned that the COVID-19 crisis threatened to " stall and even reverse progress " to reduce large plastic waste. It's a challenge researchers acknowledge today as they search for solutions. Plastics introduced an era of ultraconvenience to the world. It makes our clothes. It's made bike helmets and airbags possible. And it's a cheap material to produce, meaning it's cheap for consumers too. Almost as importantly, it's durable and incredibly easy to make into complex shapes—a trait that helped plastics invented in the mid-20th century quickly replace more expensive metal and wooden goods. That adoption extended to the medical field, where the single-use nature of plastics represented a move toward more hygienic tools for physicians and hospitals. But it wasn't plastic's sanitary qualities that the industry first latched onto. Like so many other technical advancements, convenience and cost were the initial driving factors. That they were more conducive to creating a sterile environment for patients was a benefit that health care began to tout closer to the end of the 20th century. PVC, or polyvinyl chloride, replaced glass bottles previously used to hold IV solution and replaced rubber tubing used throughout hospital settings. Plastic has also become the go-to material for making syringes and catheters. Plastic products are generally made from chemicals derived from the oil and natural gas refining process. Chemists use those byproducts to create synthetic materials with malleable and durable chemical structures. The low cost of these materials has helped medical device-makers support better health outcomes for communities across the U.S. since the 1900s. No longer was health care priced at rates only the elite could afford—it was accessible to a much larger swath of the public. In the last decade, the U.S., in particular, has emerged as a massive market for medical plastics. The country generally accounts for nearly half of the global market for medical devices. Plastic's durability is not only a benefit but a detriment to the environment, as the material can take many years to deteriorate when it enters landfills or trashes oceans. Estimates vary widely, but scientists ballpark that depending on the kind of plastic and the environment in which it decomposes, it could take dozens to thousands of years to break down entirely. COVID-19, which remains a burden for health care systems, isn't the only force raising the stakes for a health care industry pressured to reduce reliance on plastics or find ways to reuse them. Global annual production of plastic has doubled in the last two decades , according to the Environmental Protection Agency. As the U.S. looks toward the future, its aging population is another factor that could exacerbate the rate at which medical plastics end up in landfills. People require more medical care as they age, and aging baby boomers are expected to place increased demand on the medical device industry. At the same time, governments are under pressure to lower health care costs, which have become unaffordable even for those insured . As recently as 2021, researchers lamented a lack of data on efforts to recycle medical plastics. Around 350 hospitals participate in Practice Greenhealth's Environmental Excellence Awards . Practice Greenhealth is an organization working to help hospitals increase their sustainability. It's one of the few sources of hospital sustainability data, and its roster of participating hospitals represents a small fraction of the more than 6,000 hospitals operating in the U.S. To meet the need to reduce plastic waste generation, some hospitals are moving away from using plastic in certain applications. Ronald Reagan UCLA Medical Center replaced health care workers' disposable plastic isolation gowns with reusable cloth gowns at its hospitals in the last decade, saving money and preventing literal tons of medical waste. It also implemented a process for sterilizing and incinerating the boxes that hold used needles, allowing them to be reassembled and reused in a health care setting. Recycling plastic medical waste is complicated by the potential for contamination and the need to separate contaminated and noncontaminated waste; once separated, they can be broken down with heat or treated with chemicals and reprocessed. However, using chemical methods to break down and dispose of plastics has drawbacks. Over 200 nongovernmental organizations signed a letter in 2023 urging the Biden administration to end federal support for methods like these, arguing they generate toxic pollutants. The Vinyl Council of Australia is working with hospitals to recover used materials made of PVC . The materials are broken down into tiny pieces, washed and heated at high temperatures, and remade into things used outside medical settings. In the U.S. and Europe, there's the Healthcare Plastics Recycling Council, a coalition of companies working in the health care device space that includes DuPont, Johnson & Johnson, and Medtronic. In 2021, the HPRC, advised by professionals at Kaiser Permanente and other health systems, rolled out a medical waste recycling pilot project with hopes of scaling it across more hospitals. Story editing by Ashleigh Graf. Copy editing by Paris Close. Photo selection by Clarese Moller. This story originally appeared on Medical Technology Schools and was produced and distributed in partnership with Stacker Studio. Sign up here to get the latest health & fitness updates in your inbox every week!
You can’t blame investors for a bit of giddiness. The S&P 500 is on pace to notch its second consecutive year with returns above 20%, and with the index hitting all-time highs, many investors' account balances are similarly skyrocketing. There have been have’s and have-nots, though. Much of the return is because of seemingly insatiable interest in the so-called Magnificent Seven stocks, a group of large-cap technology stocks comprising the likes of Alphabet, Microsoft, and Apple. Javascript is required for you to be able to read premium content. Thanks for the feedback.These Black Friday TV deals are still going strongWhile Police are becoming smarter to nab culprits and Police system is being technologically updated for better Police service, it seems even criminals are also updating their modus operandi. In a recent incident it has been witnessed that the culprits were smuggling large quantity of country liquor in tubes used in the wheels of tractors. As per reports, a large quantity of country liquor was seized while being smuggled in tractor tubes in Mayurbhanj district of Odisha on Wednesday. Baripada Town Police seized the illegal consignment. At least 2 persons have been arrested on the charge of smuggling country liquor in this incident. The two accused have been identified as Santanu Dey, the driver of the vehicle, under the Khanda police station limits, and Samaya Murmu, a resident of Baliapal area of Balasore district. Police nabbed the culprits and seized country liquor filled 30 tractor tubes near Krishnachandra Golei in Baripada.
Aam Aadmi Party (AAP) chief and former Delhi chief minister Arvind Kejriwal was allegedly attacked after a man threw liquid on him during his padyatra in the national capital’s Malviya Nagar on Saturday, November 30. The man was immediately overpowered and handed over to the police. A video of the incident has gone viral on social media. It shows a beaming Kejriwal shaking hands with his supporters when suddenly the accused throws a liquid at him. Kejriwal’s security immediately shields the him from further attacks. VIDEO | Security personnel overpowered a man who apparently tried to attack AAP national convener Arvind Kejriwal during padyatra in Delhi's Greater Kailash area. More details are awaited. pic.twitter.com/aYydNCXYHM AAP has responded strongly to the attack claiming that the attacker is associated with the Bharatiya Janata Party (BJP). AAP also made a reference of the growing law and order decline in the Union Territory and threw light on the Delhi Police inability to curb it. It should be noted that being a Union Territory, the Delhi Police is governed by the Union Home Ministry and not the Delhi government. Delhi Chief Minister Atishi Marlena took to X stating that BJP was ‘nervous’ for the upcoming Delhi Assembly election in 2025. “Today in broad daylight, a BJP worker attacked Kejriwal-ji. The BJP is feeling very nervous about losing the Delhi elections for the third time. Delhi people will take revenge for such cheap acts. Last time they got eight seats, this time Delhi people will give zero seats to BJP,” her X post read. आज दिन दहाड़े भाजपा के कार्यकर्ता ने @ArvindKejriwal जी पर हमला किया। दिल्ली का चुनाव तीसरी बार हारने की बौखलाहट भाजपा में दिख रही है। भाजपा वालों: दिल्ली के लोग ऐसी घटिया हरकतों का बदला लेंगे। पिछली बार 8 सीटें आयीं थी, इस बार दिल्ली वाले भाजपा को ज़ीरो सीट देंगे pic.twitter.com/LgJGN1aQ0T Delhi minister Saurabh Bharadwaj alleged the attacker wanted to set Kejriwal afire after throwing spirit on him. In a post on X, Bharadwaj also alleged that the attacker was connected with the BJP. “एक हाथ में स्पीरिट और दूसरे हाथ में माचिस... आज अरविंद केजरीवाल को ज़िंदा जलाने की कोशिश की गई... वे जब से पदयात्रा कर रहे हैं, भाजपा को नींद नहीं आ रही है... आरोपी, नरेंद्र मोदी, योगी, संगीत सोम आदि को फॉलो करता है. इसके fb पर BJP का id card भी है” – PC में मंत्री @Saurabh_MLAgk pic.twitter.com/5AVjqzqe2d On Saturday evening, Kejriwal was greeting people standing behind a cordon when the man approached him and splashed some liquid on him, following which the security personnel swiftly overpowered him. Kejriwal and the security personnel accompanying him were later seen wiping their faces. “A man threw spirit on him (Kejriwal). We could smell it. And there was an attempt to burn him (Kejriwal) alive. “The man was carrying spirit in one hand and a matchbox in the other hand. He threw spirit that fell on Kejriwal and me... but he could not start the fire. Our alert volunteers and the public caught him,” Bharadwaj claimed in a press conference.
After rough time in Bahamas, Wildcats take long road trip to McKale Center
AP Business SummaryBrief at 11:21 a.m. ESTIntech Investment Management LLC acquired a new stake in Arcellx, Inc. ( NASDAQ:ACLX – Free Report ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,579 shares of the company’s stock, valued at approximately $800,000. A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Arcellx by 21.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,944 shares of the company’s stock valued at $161,000 after buying an additional 347 shares in the last quarter. Quest Partners LLC purchased a new position in Arcellx during the 2nd quarter valued at about $27,000. National Bank of Canada FI lifted its holdings in shares of Arcellx by 50.0% in the second quarter. National Bank of Canada FI now owns 1,500 shares of the company’s stock valued at $80,000 after purchasing an additional 500 shares in the last quarter. High Net Worth Advisory Group LLC grew its position in shares of Arcellx by 6.3% in the third quarter. High Net Worth Advisory Group LLC now owns 8,500 shares of the company’s stock valued at $710,000 after purchasing an additional 500 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Arcellx by 1.4% during the 2nd quarter. Principal Financial Group Inc. now owns 37,352 shares of the company’s stock worth $2,061,000 after purchasing an additional 517 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock. Analyst Ratings Changes A number of equities research analysts recently issued reports on ACLX shares. Bank of America upped their target price on Arcellx from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Redburn Atlantic initiated coverage on Arcellx in a research note on Tuesday, October 8th. They set a “buy” rating and a $109.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Arcellx in a research note on Monday, September 9th. Canaccord Genuity Group upped their target price on shares of Arcellx from $85.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $96.00 price target on shares of Arcellx in a report on Wednesday, November 6th. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $103.08. Insider Transactions at Arcellx In related news, insider Christopher Heery sold 3,421 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $70.02, for a total value of $239,538.42. Following the completion of the sale, the insider now directly owns 9,278 shares in the company, valued at approximately $649,645.56. This represents a 26.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Kavita Patel sold 33,763 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $104.14, for a total value of $3,516,078.82. The disclosure for this sale can be found here . Insiders have sold a total of 97,873 shares of company stock worth $8,621,767 in the last three months. 6.24% of the stock is currently owned by company insiders. Arcellx Stock Down 1.1 % Shares of ACLX opened at $88.07 on Friday. Arcellx, Inc. has a fifty-two week low of $46.42 and a fifty-two week high of $107.37. The company’s fifty day moving average is $88.07 and its two-hundred day moving average is $70.09. The firm has a market cap of $4.76 billion, a PE ratio of -124.04 and a beta of 0.27. Arcellx ( NASDAQ:ACLX – Get Free Report ) last issued its earnings results on Thursday, November 7th. The company reported ($0.48) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.06. Arcellx had a negative return on equity of 8.28% and a negative net margin of 25.94%. The business had revenue of $26.03 million for the quarter, compared to analyst estimates of $35.21 million. As a group, equities research analysts anticipate that Arcellx, Inc. will post -1.49 earnings per share for the current year. About Arcellx ( Free Report ) Arcellx, Inc, together with its subsidiary, engages in the development of various immunotherapies for patients with cancer and other incurable diseases in the United States. The company’s lead ddCAR product candidate is anitocabtagene autoleucel, which is in phase 2 clinical trial for the treatment of patients with relapsed or refractory multiple myeloma (rrMM). Further Reading Five stocks we like better than Arcellx The 3 Best Blue-Chip Stocks to Buy Now The Latest 13F Filings Are In: See Where Big Money Is Flowing Uptrend Stocks Explained: Learn How to Trade Using Uptrends 3 Penny Stocks Ready to Break Out in 2025 Find and Profitably Trade Stocks at 52-Week Lows FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding ACLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arcellx, Inc. ( NASDAQ:ACLX – Free Report ). 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With the 15 January target date for a new master agreement between union dock workers and US Gulf and East Coast ports rapidly approaching, the Alliance for Chemical Distribution (ACD) is urging both sides to push back the deadline. Negotiations between the dockworkers, represented by the International Longshoremen’s Association (ILA), and the ports, represented by the United States Maritime Alliance (USMX), have been stalled as each side is unwilling to budge on issues surrounding automation of ports. Container ships and costs for shipping containers are relevant to the chemical industry because while most chemicals are liquids and are shipped in tankers, container ships transport polymers, such as polyethylene (PE) and polypropylene (PP), are shipped in pellets. They also transport liquid chemicals in isotanks. ACD President and CEO Eric Byer outlined the challenges hindering negotiations and emphasized the significant economic and public consequences of a contract lapse in a letter to both parties. Byer also highlighted the economic impacts the previous three-day strike caused to various industries and the challenges the chemical distribution industry would face if another strike were to occur. Other challenges are the 29 January start of the Lunar New Year, and the upcoming inauguration and transition to the new presidential administration. “In early October, during the three-day lapse in the master contract between the ILA and USMX, there was a substantial economic impact, weeks of supply chain disruptions, and challenges in getting necessary supplies to communities in the wake of the Hurricane Helene disaster,” Byer said in the letter. “Additionally, had the lapse continued for just a few more days, it would have resulted in ACD members losing stock of chemicals used for critical processes, such as water treatment.” In a 12 December post on social media, President-elect Donald Trump expressed his support for the dockworkers in the labor dispute. A strike would not have an impact on liquid chemical tankers, which transport most chems. For most traders and brokers who export polyvinyl chloride (PVC), much of their warehouse space is full and they are unable to book vessels until after the 15 January deadline because of the uncertainty. “This could make for a very challenging first quarter,” ICIS Senior Analyst Kelly Coutu said. Source: By Adam Yanelli, ICIS,
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Vancouver Canucks (12-7-3, in the Pacific Division) vs. Detroit Red Wings (10-11-2, in the Atlantic Division) Detroit; Sunday, 12:30 p.m. EST BOTTOM LINE: The Vancouver Canucks visit the Detroit Red Wings after the Canucks took down the Buffalo Sabres 4-3 in overtime. Detroit has gone 5-6-1 at home and 10-11-2 overall. The Red Wings have gone 3-3-2 in games they serve more penalty minutes than their opponents. Vancouver has a 12-7-3 record overall and a 9-2-0 record on the road. The Canucks have a +two scoring differential, with 71 total goals scored and 69 given up. Sunday's game is the first time these teams square off this season. TOP PERFORMERS: Dylan Larkin has 12 goals and six assists for the Red Wings. Lucas Raymond has six goals and four assists over the past 10 games. Quinn Hughes has five goals and 20 assists for the Canucks. Elias Pettersson has scored five goals with eight assists over the last 10 games. LAST 10 GAMES: Red Wings: 4-5-1, averaging 2.5 goals, 4.3 assists, 2.9 penalties and 6.3 penalty minutes while giving up 2.9 goals per game. Canucks: 5-5-0, averaging 3.2 goals, 5.7 assists, 3.7 penalties and 9.1 penalty minutes while giving up 3.2 goals per game. INJURIES: Red Wings: None listed. Canucks: None listed. ___ The Associated Press created this story using technology provided by and data from . The Associated Press
Advisors Asset Management Inc. lessened its holdings in shares of Cadence Design Systems, Inc. ( NASDAQ:CDNS – Free Report ) by 14.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 505 shares of the software maker’s stock after selling 86 shares during the quarter. Advisors Asset Management Inc.’s holdings in Cadence Design Systems were worth $137,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Partners LLC boosted its position in Cadence Design Systems by 911.1% in the 2nd quarter. ORG Partners LLC now owns 91 shares of the software maker’s stock valued at $28,000 after buying an additional 82 shares during the period. Missouri Trust & Investment Co purchased a new position in Cadence Design Systems in the third quarter valued at $27,000. MidAtlantic Capital Management Inc. purchased a new stake in Cadence Design Systems during the 3rd quarter worth about $28,000. Chilton Capital Management LLC raised its position in Cadence Design Systems by 244.0% in the 2nd quarter. Chilton Capital Management LLC now owns 172 shares of the software maker’s stock valued at $53,000 after purchasing an additional 122 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Cadence Design Systems by 159.7% in the 2nd quarter. Larson Financial Group LLC now owns 200 shares of the software maker’s stock valued at $62,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock. Cadence Design Systems Trading Up 0.7 % NASDAQ:CDNS opened at $306.81 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.45 and a debt-to-equity ratio of 0.54. Cadence Design Systems, Inc. has a 52-week low of $241.29 and a 52-week high of $328.99. The stock’s 50 day moving average price is $281.92 and its 200 day moving average price is $284.42. The company has a market capitalization of $84.15 billion, a PE ratio of 80.53, a P/E/G ratio of 4.14 and a beta of 1.02. Insiders Place Their Bets In other news, Director Vincentelli Albert Sangiovanni sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $275.98, for a total value of $413,970.00. Following the completion of the sale, the director now directly owns 43,551 shares of the company’s stock, valued at $12,019,204.98. This trade represents a 3.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, VP Paul Cunningham sold 650 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $266.89, for a total value of $173,478.50. Following the transaction, the vice president now directly owns 64,544 shares in the company, valued at $17,226,148.16. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here . In the last ninety days, insiders sold 5,634 shares of company stock valued at $1,558,535. 1.99% of the stock is owned by company insiders. Analysts Set New Price Targets CDNS has been the topic of a number of recent research reports. Piper Sandler upgraded shares of Cadence Design Systems from a “neutral” rating to an “overweight” rating and set a $318.00 target price on the stock in a research note on Tuesday, August 6th. Needham & Company LLC reduced their price objective on shares of Cadence Design Systems from $320.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Loop Capital assumed coverage on shares of Cadence Design Systems in a research note on Monday, November 11th. They set a “buy” rating and a $360.00 target price for the company. Rosenblatt Securities restated a “neutral” rating and issued a $280.00 price target on shares of Cadence Design Systems in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company began coverage on Cadence Design Systems in a research report on Friday, November 22nd. They set an “overweight” rating and a $350.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.00. Get Our Latest Stock Analysis on Cadence Design Systems Cadence Design Systems Profile ( Free Report ) Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. Read More Five stocks we like better than Cadence Design Systems Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours? 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Salesforce , a leading global player in customer relationship management This article provides an in-depth analysis of Salesforce stock price, key financial metrics, market performance, and future outlook (CRM) software, has shown a significant upward trajectory in its stock performance, capturing the attention of investors and market analysts alike. With a current stock price of $335.78 , reflecting a +3.09% (+$10.08) increase, the stock demonstrates robust momentum as it approaches the end of 2024. This article provides an in-depth analysis of Salesforce stock price, key financial metrics, market performance, and future outlook. Salesforce stock price has been steadily climbing in 2024, bolstered by strong earnings, strategic investments, and market confidence in its business model. Current Price : $335.78 52-Week Range : High: $348.86 (achieved on November 12, 2024) Low: $212.00 (recorded on May 30, 2024) Market Cap : $321.006 billion 10-Day Average Volume : 7.36 million shares The stock is trading close to its 52-week high, indicating strong investor confidence. The year-to-date (YTD) price change of +27.61% showcases impressive growth, outperforming many peers in the tech sector. Earnings Per Share (EPS) : 5.75 (TTM) Price-to-Earnings Ratio (P/E) : Trailing P/E: 58.43 Forward P/E: 32.10 The trailing P/E ratio of 58.43 reflects Salesforce's premium valuation, common for high-growth tech stocks . The forward P/E ratio of 32.10 suggests expectations of robust earnings growth, indicating that the market remains optimistic about its future performance. Revenue (TTM) : $36.465 billion EBITDA (TTM) : $10.551 billion Gross Margin (TTM) : 76.35% Net Margin (TTM) : 15.44% Return on Equity (ROE) : 9.73% Salesforce’s gross margin of 76.35% highlights its operational efficiency and ability to generate substantial profit from its revenues. A net margin of 15.44% further underscores its profitability in a competitive tech landscape. Dividend : $1.60 annually (quarterly $0.40) Dividend Yield : 0.48% The introduction of dividends underscores Salesforce’s financial strength and its intent to return value to shareholders, balancing growth with income generation. Debt-to-Equity Ratio (MRQ) : 14.63% A relatively low debt-to-equity ratio highlights Salesforce’s prudent capital management, ensuring a healthy balance sheet while investing in innovation and expansion. Market Sentiment and Performance Indicators Beta : 1.30 A beta of 1.30 indicates that Salesforce’s stock is moderately volatile, moving more than the broader market but within a predictable range. This aligns with the tech sector's typical behavior, which often experiences heightened market sensitivity. The 10-day average volume of 7.36 million shares signifies strong trading activity, reflecting sustained investor interest and liquidity in the stock. The recent increase of 3.09% reflects positive sentiment, likely driven by upcoming events, including Salesforce’s earnings report scheduled for December 3, 2024. Investors are anticipating robust results based on the company’s performance trajectory. Key Growth Drivers Salesforce continues to dominate the CRM market, driven by its innovative platform and AI-powered tools like Einstein AI. The company’s ability to integrate AI, analytics, and customer insights has helped it maintain its leadership position in the industry. Salesforce has diversified its offerings beyond CRM software, including data analytics ( Tableau ), cloud integration (MuleSoft), and productivity tools (Slack). These acquisitions have not only expanded its product portfolio but also contributed significantly to its revenue growth. The accelerated adoption of cloud technology across industries has boosted Salesforce’s demand. As businesses continue to digitize, Salesforce’s cloud-based solutions remain integral to enterprise workflows. Salesforce’s investment in generative AI and automation technologies further cements its position as a tech innovator. These advancements are expected to enhance customer retention and attract new clients, driving future growth. Upcoming Events and Catalysts Date : December 3, 2024 The upcoming earnings report is expected to shed light on Salesforce’s financial performance in Q3 FY2025. Analysts anticipate strong revenue growth and guidance updates, which could further influence the stock price. Date : September 18, 2024 Dividend Amount : $0.40 per share The dividend payout reflects Salesforce’s focus on creating long-term value for shareholders, a strategy that appeals to both growth and income-focused investors. While Salesforce’s performance is impressive, certain challenges and risks could impact its future growth: High Valuation : The current P/E ratio of 58.43 indicates that Salesforce’s stock is priced for perfection. Any earnings miss or guidance downgrade could result in a significant price correction. Intense Competition : The CRM space faces growing competition from Microsoft, Oracle, and emerging startups. Maintaining market share requires continuous innovation and customer retention efforts. Economic Uncertainty : Macroeconomic factors, including inflation and interest rate fluctuations, could impact Salesforce’s enterprise spending and growth trajectory. Market analysts maintain an optimistic outlook on Salesforce, citing its strong fundamentals, leadership in CRM, and strategic focus on AI and cloud technologies. Many have set price targets above $350, indicating potential for continued upside. Comparison with Competitors Microsoft’s Dynamics 365 is a direct competitor in the CRM space. While Salesforce leads in market share, Microsoft leverages its broader ecosystem (Office, Azure) to attract clients. Oracle’s customer experience (CX) suite focuses on integrated data solutions, posing a challenge to Salesforce in enterprise-level CRM deployments. HubSpot targets small and medium businesses, an area where Salesforce has recently expanded. Competition in this segment remains fierce. Salesforce’s stock is poised for continued growth, supported by its diversified product portfolio, leadership in CRM, and investments in AI and cloud technologies. The company’s ability to adapt to evolving market trends and deliver consistent results will be critical to sustaining its momentum. Salesforce’s current stock price of $335.78 reflects the company’s strong performance and market confidence. With a year-to-date gain of 27.61%, the stock has significantly outperformed many of its peers. Robust financial metrics, strategic investments, and a leadership position in CRM make Salesforce an attractive option for long-term investors. However, potential risks from high valuations and macroeconomic uncertainties warrant careful monitoring. As Salesforce gears up for its earnings report in December 2024, the market will closely watch its performance and guidance for the coming quarters. With strong fundamentals and promising growth drivers, Salesforce remains a key player in the tech sector and an exciting stock to watch.
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