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[ad_1] The post Skillz Stock Dips on Warrant Redemption appeared first on Millennial Money. Shares of Skillz (NYSE: SKLZ) have dipped on Friday after the company announced that it is redeeming all of its public warrants. Skillz, which operates a platform for competitive mobile games, went public by merging with a special purpose acquisition company (SPAC), Flying Eagle Acquisition, last year. The stock has gained popularity in part due to interest from prominent growth investor Cathie Wood. On Friday, July 16th, Skillz stock dipped by 5%. Use it or lose it Pursuant to the warrant agreement, Skillz has the ability to redeem its outstanding public warrants if the stock price is greater than $18 for 20 trading days within a window of 30 trading days. This requirement was satisfied on July 13, according to Skillz. SPAC warrants typically allow investors to purchase the underlying stock at an exercise price of $11.50. Once a company opts to redeem the derivatives, warrant holders have 30 days to exercise the security. Investors that do not exercise will only receive $0.01 per warrant, effectively losing all of the value unless they exercise. In Skillz’s case, warrant holders will have until August 16 to exercise. Warrant redemptions are dilutive events, as the company issues new stock that is delivered upon exercise. That also means the company will raise capital that it can use for general corporate purposes such as funding growth initiatives or other operating expenses. Due to the dilutive nature of warrant redemptions, companies that choose to redeem their warrants usually see their stocks decline. Why companies prefer redemption Outstanding warrants can also represent an accounting headache for finance chiefs. Earlier this year, the SEC issued guidance that SPAC warrants should be accounted for as liabilities, with changes in market value being recorded on the income statement.  Since warrants are volatile derivatives, that can create volatility in reported earnings primarily caused by market fluctuations that are unrelated to the fundamental performance of the underlying business. In some cases, the impacts on reported financial results can be dramatic. By redeeming warrants, corporate CFOs are able to raise cash to strengthen the balance sheet, streamline reporting, and simplify their capital structures.  Looking ahead Skillz is a top holding for Cathie Wood’s ARK Invest thanks to its attractive growth profile. The company recently reported a 92% jump in first quarter revenue, with paying monthly active users (MAUs) reaching 467,000. Gross marketplace volume (GMV) soared 85% to $566.6 million last quarter. The company also raised its outlook for 2021. Revenue is now forecast to be $375 million this year, up from its previous guidance of $366 million. The company had $613 million in cash at the end of March. While the warrant redemption is now occurring in the third quarter, the company may provide some detail around how much capital it expects to raise when it reports second quarter earnings on August 3. Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years ago! They discovered Netflix for $1.85 per share, back in the days of DVDs by mail. And recommended Amazon at $15.31 in 2002, before most people were comfortable using credit cards online. And even hit Apple at $4.97 per share, about a month before the release of the very first iPhone. Check out where those stocks are today. The bottom line: a $500 investment in all three of these stocks would be worth more than $200,000 today! And here’s why that’s important: The Motley Fool’s flagship investing service Stock Advisor just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you’ll want to get the full details! Email Address Continue Also opt-in to receive Millennial Money! It’s our newsletter devoted to helping you achieve financial freedom. That means you’ll receive new stock ideas, our favorite side hustles, and much more every single week! By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions. window.onload = function(event) { if (!document.getElementById(‘ecap-async-js’)) { Sentry.captureMessage(“MMCTA Plugin Failure: ecap.js not enqueued”); } }; Click here to learn more .tmfsa-text-widget .ecap-widget { padding: 0 !important; border-left: 0 !important; } The post Skillz Stock Dips on Warrant Redemption appeared first on Millennial Money. [ad_2] Source link

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[ad_1] On Tuesday, the yields on bonds ended almost 2-3 basis points down. [ad_2] Source link

[ad_1] The post Hospital Operator HCA Soars on Earnings Beat appeared first on Millennial Money. One of the peculiar consequences of the COVID-19 pandemic was that many hospitals and other healthcare facilities took financial hits when the crisis started, as many patients avoided the facilities out of fear of exposing themselves to the deadly virus. People delayed many non-essential elective procedures—a major profit center for hospitals—out of an abundance of caution. With vaccination rates rising in the United States and many parts of the country starting to return to normalcy, the hospital industry is starting to recover. HCA Healthcare (NYSE: HCA) just delivered a beat-and-raise on Tuesday, sending shares up by 15% as of 12:30 p.m. EDT. Bouncing back Revenue in the second quarter came in at $14.4 billion, ahead of the consensus estimate of $13.6 billion. Same facility admissions jumped by 17.5%, while same-facility equivalent admissions were up 26.8%. The business is rebounding across the board as pandemic-related restrictions, which had previously been impacting demand and procedure volumes, have eased in recent months. HCA Healthcare believes that it is more relevant to compare its results to 2019 as opposed to 2020 due to the unprecedented nature of last year. Metric Q2’ 19 Q2’ 21 % Change Admissions 518,253 532,041 2.7% Equivalent Admissions 903,419 946,212 1.4% Patient Days 2,530,548 2,629,950 3.9% Equivalent Patient Days 4,412,348 4,535,678 2.8% Inpatient Surgery Cases 140,473 136,460 (2.9%) Outpatient Surgery Cases 253,441 262,107 3.4% ER Visits 2,253,337 2,128,428 (5.5%) Data source: SEC filings. “With the effects of the pandemic moderating in the second quarter, we experienced a strong rebound in demand for healthcare services,” CEO Sam Hazen said in a statement. “We continue to invest aggressively in our strategic agenda, which is building greater clinical capabilities to serve our communities while also developing more comprehensive enterprise resources to support caregivers and differentiate our local networks.” That all resulted in net income of $1.45 billion, or $4.36 per share, easily beating the $3.16 per share in profit Wall Street was expecting. Adjusted EBITDA in the second quarter was $3.22 billion, including $822 million in government stimulus income.  Looking ahead Thanks to the momentum HCA is seeing, the company boosted its full-year guidance. Revenue in 2021 is now forecast in the range of $57 billion to $58 billion, up from its prior outlook of $54 billion to $55.5 billion. This is the second consecutive quarter that HCA has increased its outlook after raising it in April. Adjusted EBITDA for 2021 should be $12.1 billion to $12.5 billion, which should result in earnings per share of $16.30 to $17.10. HCA Healthcare expects to spend approximately $3.7 billion in capital expenditures this year. Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Email Address Continue Also opt-in to receive Millennial Money! It’s our newsletter devoted to helping you achieve financial freedom. That means you’ll receive new stock ideas, our favorite side hustles, and much more every single week! By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions. window.onload = function(event) { if (!document.getElementById(‘ecap-async-js’)) { Sentry.captureMessage(“MMCTA Plugin Failure: ecap.js not enqueued”); } }; Click here to learn more .tmfsa-text-widget .ecap-widget { padding: 0 !important; border-left: 0 !important; } The post Hospital Operator HCA Soars on Earnings Beat appeared first on Millennial Money. [ad_2] Source link

[ad_1] A few years ago, we went through a season with a lot of evening activities. During that season, we decided to switch from family dinners to family breakfasts. We would all eat a hot breakfast (usually eggs and bacon, maybe toast or pancakes, too) and spend some time reading the Bible and talking together. We were homeschooling at the time and didn’t have any specific time we needed to get out the door in the mornings, so it worked so well for our family. Recently, we’ve had a lot going on in the evenings and we were noticing that we weren’t getting to have family dinners very regularly. We called a family meeting and asked for people to give their ideas on what we could do to have more time together around the table. (Tip: want to come up with creative solutions for your family? Call a family meeting and let everyone weigh in and then come to an agreement on what might work. Your kids are much more likely to want to go along with the plan if they helped create it in the first place!) After our family meeting, we all decided together to go back to having family breakfasts again. Jesse and Kaitlynn need to be out the door to ice-skating by 8 a.m., so we decided to have family breakfasts at 7:30 a.m. I’ve been prepping a hot breakfast at 6:45 a.m. to 7:15 a.m. — so far, I’ve done things like Breakfast casserole, Baked Oatmeal, toast and scrambled eggs, French Toast, Waffles and Bacon, and even cold cereal (on particularly full days). It’s been such a great start to our day again. And, we’ve realized that it’s had a trickle down affect into other areas — our days feel more organized and it feels like we have a lot more breathing room in them… just from the simple practice of how we are starting our mornings. In this week’s episode of The Crystal Paine Show, we share more about how family breakfasts are working for our family, we talk about books we’re listening to, Hoopla, Airbnb, reader tips, an easy way to get a pit out of an avocado, Kaitlynn’s new job, and more! In this week’s episode of The Crystal Paine Show, we share more details on how family breakfasts work right now, how it’s made a difference in our entire day, two books I’ve been listening to, how to get the pit out of an avocado, a new job for one of our girls, listener mail, Hoopla, and more! Sponsor Spotlight: This week’s episode is sponsored by Annie’s — a company I’ve loved for a long time! Annie’s has the perfect subscription boxes for both boys and girls that will keep them, creative, constructive, and engaged this summer! This week’s spotlight is Annie’s Young Woodworker’s Club — a monthly subscription that sends kids real hammer-and-nails construction kits. They even include real tools starting with a kid-sized hammer. Each kit has pre-cut and pre-drilled wood, so your kids can build complete kits with minimal supervision and be proud of every project. Annie’s is offering 75% off your first month of their Young Woodworker’s Club when you go here and use coupon code CRYSTAL at checkout. This is a fantastic deal! In This Episode: [1:15] – An easy way to get the pit out of an avocado! [3:50] – Kaitlynn just got a job, so we now have two high schoolers who have jobs! [5:43] – I have been listening to The Warsaw Orphan by Kelly Rimmer. [7:38] – The Warsaw Orphan is the second book that I have listened to on Hoopla, which I have been using lately. [8:57] – I share my thoughts on how The Woman with the Blue Star ends. [11:40] – Listener mail: feedback, tips, and a question on Airbnb. [15:10] – Today’s sponsor is the Young Woodworker’s Club. [17:48] – We dive into talking about family breakfasts! [19:40] – We were going to suggest family meetings to our kids before putting them into place, but they had the same idea! [21:24] – Our mornings have been so much more productive and structured. [22:32] – Hear my advice on what you can do if there is something in your home that isn’t working. Links and Resources: Kelly Rimmer – The Warsaw Orphan: A WWII Novel Kelly Rimmer – The Things We Cannot Say: A Novel Pam Jenoff – The Woman with the Blue Star: A Novel Hoopla – Website Libby How to Remove Avocado Pits Annie’s Kit Clubs – Website Love-Centered Parenting 10 Days to Be a Happier Mom Sign up for the Hot Deals Email List MoneySavingMom.com My Instagram account (I’d love for you to follow me there! I usually hop on at least a few times per day and share behind-the-scenes photos and videos, my grocery store hauls, funny stories, or just anything I’m pondering or would like your advice or feedback on!) Have feedback on the show or suggestions for future episodes or topics? Send me an email: crystal@moneysavingmom.com How to Listen to The Crystal Paine Show The podcast is available on iTunes, Android, Stitcher, and Spotify. You can listen online through the direct player here. OR, a much easier way to listen is by subscribing to the podcast through a free podcast app on your phone. (Find instructions for how to subscribe to a podcast here.) Ready to dive in and listen? Hit the player above or search for “The Crystal Paine Show” on your favorite podcast app. [ad_2] Source link

[ad_1] U.S., Germany to vow action on Russia in Nord Stream 2 deal -sources [ad_2] Source link

[ad_1] To realise AIF potential, key PPP learnings from airports, highways, logistics, etc, need to be incorporated [ad_2] Source link

[ad_1] After an epic rise in housing starts and permits from the COVID-19 lows, the latest Census report shows a calm after the housing storm. This report is consistent with my prediction that all housing data will moderate from the epic run-up in activity in the second half of 2020. This moderation means that 2021 will likely have slightly more total home sales than 2020, but not gangbusters. For me, that is completely fine; as I have stated many times, if total home sales close above 6.2 million in each of the years from 2020-2024, then you should view that as a beat. Housing has limits to what it can do demand-wise. From the Census report: “Privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000. This is 6.3 percent (±11.5 percent)* above the revised May estimate of 1,546,000 and is 29.1 percent (±11.2 percent) above the June 2020 rate of 1,273,000.  Single‐family housing starts in June were at a rate of 1,160,000; this is 6.3 percent (±11.7 percent)* above the revised May figure of 1,091,000. The June rate for units in buildings with five units or more was 474,000.” This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post New homes selling well even as builders pass on costs appeared first on HousingWire. [ad_2] Source link