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[ad_1] The Broadmoor Hotel in Colorado Springs, Colorado Brokerage executives are elated to see each other in person again. So long as it’s temporary. “It’s a tremendous opportunity to reconnect with everyone,” said Susan Yannaccone, chief executive of Realogy’s franchise network since last November. “The intangible connection you can make with people face-to-face or over a cup of coffee. And you can just have a more robust dialogue sometimes.” Yannaccone spoke to HousingWire Monday at the 131-year-old Broadmoor Hotel in Colorado Springs for RealTrends‘ “Gathering of Eagles” conference. HW Media acquired RealTrends last year, and for most real estate brokerage heads RealTrends’ annual soiree was the first in real life since early 2020. The business conference rituals of coffee breaks, cocktail receptions, and golf outings were infused with a warmth and kinetic energy by uniformly mask-less participants. That might be because even in a (hopefully) past-pandemic world, such interactions will remain unusual, as remote work is here to stay. Yannaccone, for one, who runs 16,000 worldwide offices and all the franchise operations for brands like Coldwell Banker and Century 21, does not have an office of her own. 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 Real estate brokerages embrace long-term remote work appeared first on HousingWire. [ad_2] Source link

[ad_1] The post NIO Stock Charges Higher on Citi Upgrade appeared first on Millennial Money. Shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) have charged higher on Wednesday after receiving a bullish vote of confidence from Wall Street. Citi reiterated a buy rating on the stock while analyst Jeff Chung raised his price target from $58.30 to $72, which represents a 43% upside from Tuesday’s closing price. As of 11:45 a.m. EDT on Wednesday, Nio shares were up 6%. Boosting estimates for the years ahead Many EV stocks have been relatively weak in recent months, in part over concerns around the global chip shortage that is impacting supply chains across countless industries. Local peer Xpeng (NYSE: XPEV), which already trades in the United States, just completed its public listing in Hong Kong, raising $1.8 billion in the process as investor sentiment rebounds. Nio is reportedly exploring a similar dual listing. Citi is optimistic that Nio will report “robust” delivery volumes for the month of June, followed by strong sequential growth heading into the third and fourth quarters. Nio provides monthly updates for shipment volumes and is expected to disclose June volumes later this week. For reference, here are Nio’s quarter-to-date delivery figures for April and May. Month Vehicle Deliveries YOY Growth April 2021 7,102 125% May 2021 6,711 95% Data source: Nio. At the end of May, Nio had reached total cumulative deliveries of 109,514 vehicles, an impressive milestone for the young EV company. Chung is modeling for Nio to deliver 93,000 total vehicles in 2021, up from a prior forecast of 90,000. The analyst also boosted his delivery estimates for 2022 and 2023. The company’s prospects warrant a higher valuation multiple, in Chung’s view, leading to the increased price target. The price target bump comes less than a month after Citi had upgraded its overall rating on Nio from neutral to buy, which was based on recent weakness in the stock combined with the expectation of demand gaining momentum. The biggest EV market in the world is only going to get bigger China is already the largest EV market in the world, and adoption is expected to continue climbing thanks to supportive government policies. New energy vehicle (NEV)—which is the term used primarily by the Chinese government for the category—sales are expected to soar by 40% per year for the next five years, according to the China Association of Automobile Manufacturers (CAAM). NEV volumes in China are poised to reach 1.9 million this year. Meanwhile, the United States is slipping with its share of EV production as major world powers compete for dominance in the EV revolution. The U.S. share of global EV production now stands at 18%, down from 20% in 2010, according to the International Council on Clean Transportation (ICCT). “The U.S. auto industry can’t afford to continually be five years behind the rest of the world in one of the world’s most promising and strategically important sectors,” ICCT Director Nic Lutsey said. 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’)) { dataLayer.push({‘event’ : ‘ctaFailed’, ‘failType’ : ‘JS Enqueue Failure’ }); } } Click here to learn more .tmfsa-text-widget .ecap-widget { padding: 0 !important; border-left: 0 !important; } The post NIO Stock Charges Higher on Citi Upgrade appeared first on Millennial Money. [ad_2] Source link

[ad_1] Since many of you have recently signed up for an Amazon Prime trial in order to get the deals for Prime Day, you may be wondering, “Is it worth it to pay for an Amazon Prime subscription?” I polled my audience recently and asked them this question. As you can imagine, I got a wide variety of responses — some from diehard Amazon Prime fans, some from those who think it is a complete waste of money, and some from people who are smack dab in the middle and think it can be a money-saving option or it could be something that’s not worth the expense. In this article, I’ll share some of the responses I heard over and over to help you decide whether or not Amazon Prime is worth the cost for you. How much Does Amazon Prime cost? First off, let’s talk numbers. A regular Amazon Prime subscription is $12.99 per month (plus taxes) or $119 per year (plus taxes). Every once in a while, they have offered a discounted rate for a few days, but I’ve not seen a discount for awhile. If you are a college student, you can get a Student Prime Membership which gives you the first 6 months for free and then it’s $6.49/month after that. If you are a qualifying government assistance recipient, you might also qualify for a reduced rate of $5.99 per month for Amazon Prime. (Foster families: If you have a child who is on WIC, you will qualify as well!) What do you get with your subscription? For a long time, many people thought of Amazon Prime as “free two-day shipping”. Which could be a great benefit if you order a lot from Amazon. However, in the past year, some items are not longer being shipped in two days or less (though some of that depends upon what you order and how close you live to an Amazon warehouse) BUT they offer so many other perks for those who are Amazon Prime members. Here are some of the perks you all mentioned loving the most: An alternative to cable When you have an Amazon Prime account, you’ll have access to lots of movies and shows for free. (Many aren’t free, but there are a LOT that are free with your Amazon Prime subscription.) “We don’t pay a monthly cable or satellite bill so we’re saving a ton of money on entertainment even though we pay for subscriptions to Prime, Netflix, and Frndly.” -Jennifer By the way, Prime Video is cheaper than Netflix. So if you have Netflix, it might be worth checking into whether switching to Amazon Prime might be a better option — since you get a lot more than just streaming! Clare said: “Not sure it’s worth it just for shipping but Prime video is cheaper than Netflix (and seems cleaner). As a homeschooling mom I have found so many documentaries for my kids on that platform. It’s also fantastic for downloading movies onto phones or tablets for the toddler in the car.” $8/month for free shipping — no matter what you spend “Prime is only 100 for the year, that comes out to $8 a month, for free shipping no matter how much you spend and most of the time it’s here the next day, Amazon prime TV and Amazon music. Totally worth it!” -Vanessa Speaking of free shipping, Joy says, “For our family, shipping alone makes Prime worth it. Plus sometimes they offer digital credits for slow shipping that we use to rent or buy movies.” There is also the convenience factor to consider, as Erin wrote: “I live in the middle of nowhere and can get a ton of things I cannot get easily. I can do a big order of those things and also get Amazon online. Is it perfect? No, but for my family it works.” It allows you to more easily get deals Tracy said: “If I get a deal for something that is $5, I can take advantage of the free shipping and catch the deal and get free shipping and have have it delivered in two days. This also cuts down on gas as I can order knowing right when my order will arrive! Amazon prime pays for itself multiple times over annually!” (Note: While this can be a plus, it could also be downside — because Amazon makes it SO easy to spend money!) Prime Music Katie says: “We like it for the free shipping, the prime music, and the prime video options. I also use the prime reading options with my Kindle app. My kids love prime music. They all have a playlist of their favorite songs.” (Note: You can also get lots of free streaming music on Spotify, Pandora, YouTube or other places. Yes, you might have to deal with some commercials if you don’t have a paid account, but there are many ways to access free music online.) Free Kindle Books If you are a reader, the access to free Kindle books could be a huge plus. Like Sharon posted, “The big thing for me though is my Kindle books. I read 5-6 books a week and would run out of reading material if I didn’t have Prime.” (Note: You can get many of the Kindle books for free without having a Prime membership. Also, check your local library to see if they offer ebooks and audiobooks for free from the Hoopla or Libby app.) Photo Storage With an Amazon Prime subscription, you’ll get unlimited full-resolution photo storage and 5 GB for video. Jessica said this: “For us, it is worth it for the photo storage. It is a very economical way to store full size photo files for backup purposes for someone who is into photography.” It could save you time If you have a really full life, being able to easily order online could be a real helpful! As Danae wrote in, “For me it’s a quality of life

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[ad_1] The financial outgo under the scheme is expected to reach to its peak in 2026-27 and come down to its lowest towards the end of the scheme period in 2029-30. [ad_2] Source link

[ad_1] During the Trump administration, Fannie Mae and Freddie Mac appeared to studiously avoid weighing in on the potential effects of climate change on the value of their more than $7 trillion of securitized mortgages.  After all, the former president was a well known climate skeptic and the GSEs perhaps wanted to avoid his ire, especially as expressed on his favorite social media weapon, Twitter. But it’s a new day, a new dawn and a new administration in Washington. So, early in 2021, the GSEs wasted no time in putting out an all points climate SOS, asking all and sundry to pass along any information and analysis they might have on climate and the mortgage market in general. But most importantly, climate as it relates to Fannie and Freddie’s mortgage portfolios specifically. One response stands out, and not just because of its stark climate warning, but also because of the report’s author and the outsized and famous role he and colleagues played in the mortgage finance crisis of 2008, a crisis in which the GSEs, of course, also had an outsize role. 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 The $7 trillion climate question facing Fannie and Freddie appeared first on HousingWire. [ad_2] Source link

[ad_1] The post Bed Bath & Beyond Stock Skyrockets on Q1 Earnings appeared first on Millennial Money. Shares of Bed Bath & Beyond (NASDAQ: BBBY) skyrocketed by as much as 31% on Wednesday after the retailer reported fiscal first-quarter earnings. The results were mixed relative to expectations, but investors cheered the top line beat. Bed Bath & Beyond is among the prominent meme stocks with high short interest that retail traders on Reddit’s WallStreetBets subreddit have been targeting, leading to heightened volatility. As of 12:30 p.m. EDT, the stock had given back some of those gains but was still up 9%. Beating top line expectations Revenue in the fiscal first quarter came in at $1.95 billion, ahead of the consensus estimate of $1.87 billion in sales. Comparable store sales surged by 86% as the company’s turnaround strategy has started to pay off. That all resulted in adjusted earnings per share of $0.05, which missed Wall Street’s forecast of $0.08 per share in adjusted profits. Core sales, which the company defines as including Bed Bath & Beyond, buybuy BABY, Harmon Face Values, and Decorist, increased by 73%. Bed Bath & Beyond’s guidance had called for core sales growth of just 65% to 70%. Adjusted EBITDA in the first quarter was $86 million, in line with the guidance range of $80 million to $90 million. Profitability is also improving significantly, with adjusted gross margin expanding by a whopping 820 basis points (8.2 full percentage points) to 34.9%. The company attributed much of that gain to higher sales of newly launched private label brands such as Nestwell, Haven, and Simply Essential. The next three private label brands—Our Table, Wild Sage, and Squared Away—are launching ahead of schedule. Our Table and Wild Sage launched this month (after the fiscal quarter closed at the end of May), while Squared Away is debuting in July. Additionally, the channel mix shift and digital penetration levels are starting to return to normal levels. A year ago, the COVID-19 pandemic was just beginning and many stores were closed, leading digital penetration to jump to an elevated level of 66%. This figure came back down to 38% in the fiscal first quarter. Making progress on the turnaround Bed Bath & Beyond is making meaningful progress on its turnaround strategy, which includes divesting non-core banners, optimizing its store fleet, and focusing on its digital transformation while also repurchasing stock using money from the divestitures.  The company has closed 160 stores thus far, including 16 locations last quarter. For the fiscal year, total store closures are expected to be 200, while Bed Bath & Beyond is remodeling another 130 to 150 stores across North America.  Private label brands comprised a “high-teens percentage” of sales in the fiscal first quarter, and the company is targeting 30% by fiscal 2023.  Boosting guidance Thanks to the momentum, the company raised its guidance for fiscal 2021. Bed Bath & Beyond now expects total revenue to be in the range of $8.2 billion to $8.4 billion, up from a prior forecast of $8 billion to $8.2 billion. Comps are expected to be in the low-single digit growth range, compared to the previous expectation of around flat. 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’)) { dataLayer.push({‘event’ : ‘ctaFailed’, ‘failType’ : ‘JS Enqueue Failure’ }); } } Click here to learn more .tmfsa-text-widget .ecap-widget { padding: 0 !important; border-left: 0 !important; } The post Bed Bath & Beyond Stock Skyrockets on Q1 Earnings appeared first on Millennial Money. [ad_2] Source link