Sidoti upgraded shares of Kimball Electronics (NASDAQ:KE) from a neutral rating to a buy rating in a research report released on Thursday, Price Targets.com reports. The firm currently has $26.00 target price on the electronics maker’s stock, up from their prior target price of $20.00. Separately, TheStreet raised shares of Kimball Electronics from a c+ […] It’s an exciting day if you’re an investor in Bitcoin and/or Tesla. The cryptocurrency soared to a new all-time high of $44,868.98 per bitcoin after the electric car maker said in regulatory filings that it will soon accept it as payment for its vehicles. market conditions: Find Latest Stories, Special Reports, News & Pictures on market conditions. Read expert opinions, top news, insights and trends on The Economic Times. December 31is the busiest email day of the season for nonprofits, so how can you ensure that potential donors see it? Start with a great subject line. Dividend stocks aren’t just about current yield, but payout growth over time. These 8 stocks have done a fantastic job hiking distributions. Zynex, Inc. (NASDAQ:ZYXI)’s stock price traded up 5.2% during mid-day trading on Monday . The company traded as high as $20.47 and last traded at $19.99. 588,221 shares changed hands during trading, a decline of 24% from the average session volume of 771,697 shares. The stock had previously closed at $19.00. A number of research […]
Sidoti upgraded shares of Kimball Electronics (NASDAQ:KE) from a neutral rating to a buy rating in a research report released on Thursday, Price Targets.com reports. The firm currently has $26.00 target price on the electronics maker’s stock, up from their prior target price of $20.00.
Separately, TheStreet raised shares of Kimball Electronics from a c+ rating to a b- rating in a report on Monday, November 23rd.
NASDAQ KE opened at $23.66 on Thursday. Kimball Electronics has a 12 month low of $9.78 and a 12 month high of $23.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.18 and a quick ratio of 1.39. The company has a market capitalization of $594.88 million, a price-to-earnings ratio of 21.13 and a beta of 1.42. The company’s fifty day moving average price is $17.46 and its two-hundred day moving average price is $14.52.
Several hedge funds have recently added to or reduced their stakes in KE. Great West Life Assurance Co. Can increased its stake in Kimball Electronics by 955.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 21,477 shares of the electronics maker’s stock valued at $3,044,000 after buying an additional 19,443 shares during the period. Morgan Stanley increased its stake in Kimball Electronics by 430.3% during the 3rd quarter. Morgan Stanley now owns 46,240 shares of the electronics maker’s stock valued at $534,000 after buying an additional 37,520 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Kimball Electronics by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 156,773 shares of the electronics maker’s stock valued at $2,123,000 after buying an additional 2,527 shares during the period. Two Sigma Advisers LP increased its stake in Kimball Electronics by 4.6% during the 2nd quarter. Two Sigma Advisers LP now owns 31,400 shares of the electronics maker’s stock valued at $425,000 after buying an additional 1,372 shares during the period. Finally, Mackay Shields LLC increased its stake in Kimball Electronics by 9.0% during the 3rd quarter. Mackay Shields LLC now owns 169,000 shares of the electronics maker’s stock valued at $1,954,000 after buying an additional 13,900 shares during the period. 60.60% of the stock is currently owned by institutional investors and hedge funds.
Kimball Electronics Company Profile
Kimball Electronics, Inc provides contract electronics manufacturing services and diversified manufacturing services to customers in the automotive, medical, industrial, and public safety end markets. The company’s manufacturing services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.
See Also: What causes a recession?
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Author: Faye Duncan
Tesla’s $1.5 billion investment sends bitcoin to record highs
New York (CNN Business)It’s an exciting day if you’re an investor in Bitcoin (XBT) and/or Tesla (TSLA). The cryptocurrency soared to a new all-time high of $44,868.98 per bitcoin after the electric car maker said in regulatory filings that it will soon accept it as payment for its vehicles.
Tesla also said it has invested $1.5 billion in bitcoin as part of an effort to invest some of the company’s cash in “certain specified alternative reserve assets.”
Bitcoin fell back from its new record but was still up some some 16% at more than $44,000 on Monday afternoon.
Tesla shares, meanwhile, closed 1.3% higher.
The broader stock market is also in the green, with all three major indexes finishing at new all-time highs. The S&P 500 (SPX), which counts Tesla as a member, closed up 0.7%, while the Dow (INDU) rose 0.8%, or 238 points. The Nasdaq Composite (COMP) closed nearly 1% higher.
This isn’t Tesla’s first foray into pushing cyrptocurrency prices higher. Elon Musk tweeted about Dogecoin last week, sending the alternative currency soaring.
–Chris Isidore contributed to this story.
Author: Anneken Tappe, CNN Business
market conditions: Latest News on market conditions | Top Stories & Photos on Economictimes.com
- Bella Casa Q3 results: Net profit up 68% at Rs 4 cr
27 Jan, 2021, 10.34 PM IST
The revenue of the company went up by 39 per cent to Rs 53.68 crore during the quarter under review as compared to Rs 38.5 crore in the corresponding period of the previous fiscal.
Unemployment rate surges to 9.1% in December: CMIE
07 Jan, 2021, 02.13 PM IST
As per the CMIE, while urban unemployment last month went up to 8.84% from 7.07% in November, the rural unemployment shot up sharply to 9.15% from 6.24% in the preceding month. Even the employment last month fell by 4.8 million at 388.8 million compared to 393.6 million in November.
Subject Lines That Will Get Your Fundraising Emails Opened
As the end of the year approaches, the pressure is on to convince potential donors that your nonprofit deserves their attention. You know that email marketing is one of the best ways to reach out to this target audience, but so does every other nonprofit.
A study for the Huffington Post found that December 31 was the busiest email day of the season for nonprofits, so how can you ensure that these eyes of the potential donors are on your organization’s message? Start with a great subject line.
As a window into the message your recipient is about to receive, the subject line is an extremely important element of the email. In fact, 35 percent of email recipients open an email based solely on its subject line.
An effective subject line needs to be creative, informative and intriguing, without coming on too strong. Additionally, successful emails must be short (Hubspot recommends less than 50 characters), personalized (include a name or location), action-oriented, and urgent.
Consider this list of year-end subject lines concepts when constructing your December email campaign.
Give your reader something to think about before they open the message by posing a question in the subject line. Questions lead to answers. When you lead with a question, your recipient is provoked to open the message to learn more.
Make your question relevant and thought-provoking to ensure your reader is intrigued. The following subject lines will force your potential donors to consider the answer to your question, thus increasing your open rates.
Giving is the reason for the season, which makes the end of the year the most popular time for charitable donations. When sending out your last appeal of the year, consider using a subject line that reminds readers of the giving season to give them an incentive to open your message.
Make the most of the holiday spirit by emphasizing the good your organization is doing. Use your subject line to remind potential donors that their gift can make a difference, especially during the holidays.
Making your message seem urgent is a proven method to compel readers to act. When potential donors feel that a deadline is looming, they’re more likely to make a quick decision to give.
Intriguing subject lines work to arouse your reader’s curiosity and pique their interest. Since the ultimate goal of a subject line is to convince your potential donor to open the email, the mystery surrounding your intriguing intro should give your recipients a reason to read on.
The sense of mystery surrounding the following subject lines will provide enough intrigue to convince potential donors to open your message.
Use your end-of year email to say thank you to donors or wish them a happy new year. Thank you messages not only demonstrate gratitude to current donors, but also remind potential donors that your nonprofit is always in need of further support.
The following subject lines give your organization a chance to demonstrate your gratitude and make your donors the star of your year-end campaign.
The bottom line – you should know your potential donors better than anyone else. When constructing your year-end email subject lines, put yourself in their shoes. Consider the language and appeal that will you believe will spark action among your target audience and apply those concepts to your organization’s message.
If you like this article, you may also like:
5 Tips To Writing Fundraising Email Appeals That Inspire Action
Fundraising Email Lessons From charity:water, St. Jude’s, and Red Cross
8 Dividend Stocks With a Decade of Dividend Increases
When it comes to dividend stocks, investors can fall into the trap of focusing on dividend yield over all else. That can be a dangerous strategy, as high-yield stocks almost always are higher-risk.
But the issue isn’t just the risk in high-yield stocks. It’s the opportunity cost of ignoring lower current yields from companies with better prospects to grow their profits – and their dividends.
After all, the best dividend stocks over time have been the ones that have posted years, and often decades, of dividend increases. One famous example is the investment by Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) into Coca-Cola (NYSE:KO). As Buffett pointed out in last year’s shareholder letter, Berkshire now receives just more than 50% of its original investment every year in Coke dividends.
But KO also shows a potential risk in dividend growth names: as the boilerplate investment disclaimer goes, past performance is not a guarantee of future results. General Electric (NYSE:GE) was a Dividend Aristocrat until 2017, when it halved its dividend. GE stock has fallen 63%, and its dividend was slashed again to just a penny per quarter.
Yield favorite AT&T (NYSE:T) last month held its dividend flat for a fifth consecutive quarter after years of minimal growth. Financials like Bank of America (NYSE:BAC) ended dividend growth streaks during the financial crisis. A track record of dividend growth helps a bull case. It doesn’t alone create a bull case.
These eight dividend stocks, however, have a solid history, and a strong outlook to match. They should be on the list of every dividend growth investor:
J&J has one of the longest streaks of dividend increases in the entire market: some 59 years, according to Dividend.com. The 60th should be announced in May.
Even six decades in, the increases remain healthy, with an average hike of 6.1% over the past five years. Admittedly, JNJ stock has lagged the market over that stretch (total return of 89% versus 120% for the S&P 500), but that’s not necessarily bad news. As a defensive stock, JNJ should trail in a bull market. That’s the trade-off for the downside protection provided when equities turn south.
The good news is that J&J at the moment looks well-positioned to weather any environment in the coming years. The medical devices business doesn’t get all that much in the way of attention, but it continues to perform well. Trends are improving in both the consumer and pharmaceutical segments. Legal issues are in the rearview mirror.
Meanwhile, even with a sharp rally of late, valuation remains reasonable. JNJ trades at just 19x forward earnings, while yielding a healthy 2.4%. This still looks like a long-term, set-it-and-forget-it play.
Broadcom just barely makes this list. The company only initiated its dividend toward the end of 2010. But it’s been a hugely impressive decade.
In calendar 2011, AVGO stock provided 40 cents per share in dividends. In 2020, the total was more than $13. An investor could have paid $29 per share for Broadcom stock at the end of 2010, and 10 years later have received a yield on cost more than 40%.
Obviously, the rate of growth is going to slow, though Broadcom did just hike its dividend another 11% in mid-December. But there still should more dividend increases and more upside ahead. Semiconductor demand continues to be strong, and remains backed by multiple long-term trends. Broadcom’s impressive history of acquisitions continues, with even the surprising deal for CA looking like a winner. (The attempt to take over Qualcomm (NASDAQ:QCOM) in retrospect looks like a wise move as well, even if Broadcom didn’t get over the finish line.)
This is one of the best companies in tech. And after a modest pullback over the past few sessions, it trades at 16x next year’s earnings while yielding 3.24%. To some extent, the easy money has been made over the past decade, but that simply means that the gains will slow — not end.
J.M. Smucker has delivered 20 straight years of dividend increases, but its recent history is a bit concerning. Dividend growth has slowed markedly over the past two years. It took a modest breakout over the past two sessions to get SJM stock positive over the past five years; it’s still returned just 3% before dividends over that period.
There are reasons why the stock has struggled. Smucker is trying to pivot from lower-growth legacy businesses to hotter industries like coffee and pet food. But a move like that takes years – and success isn’t guaranteed. Indeed, given those risks, among stocks with 10-plus years of dividend increases, SJM is probably at the highest risk of a dividend cut.
But there are real potential rewards here as well. The strategy makes sense. Fiscal second-quarter earnings, released in November, were strong. Smucker raised its full-year outlook as a result.
And at the midpoint of that guidance, SJM stock trades at a little over 14x earnings. An estimated $1 billion in free cash flow easily covers roughly $400 million in dividend payments at the current rate.
SJM does have risk, and it will take some patience. But there’s still an intriguing turnaround story here, with the potential to provide both improved dividend growth and long-awaited capital appreciation.
Utilities are among the most common dividend stocks. The combination of stability – thanks to usually regulated and consistent rate increases – and defensiveness makes them attractive to income investors.
When looking for utilities with a consistent track record of dividend increases, there are plenty of options. But the sector’s reputation for investor safety doesn’t always hold. For instance, Dominion Energy (NYSE:D), one of the nation’s largest utilities, cut its dividend late last year, largely due to an onerous debt load.
POR stock, however, looks like it should be a reasonably safe and consistent grower. Its debt load is reasonable. The Portland, Oregon, metro in which PGE operates has seen steady population growth. It should weather any post-pandemic urban exodus,” if indeed that trend plays out.
Meanwhile, PGE has raised its dividend for 14 consecutive years. A 3.8% yield is attractive, particularly in this environment. Again, investors have plenty of choices among utility stocks, but POR stock is at least a name to consider.
Bank stocks too are a common target of income investors. But since (and even before) the financial crisis of the late 2000’s, the sector’s reputation for reliability unsurprisingly has taken a big hit. The largest financial institutions had to slash or even suspend their payouts during the crisis. Even now, the Federal Reserve has taken steps to cap dividends as recently as last year.
It thus makes some sense to look beyond the big banks, at least in terms of consistent income. BOK Financial is one interesting choice. The Tulsa, Oklahoma-based bank has paid higher dividends for 14 straight years. Not only did it avoid a dividend cut during the financial crisis, it prospered. Between 2006 and 2011, the payout more than doubled.
To be fair, there was some luck involved. The regional economy actually did well during the crisis, as oil prices often were above $100. And the fear now is that the reverse will hold, with crude back near the lows. A 2% dividend raise last year, a notable deceleration from recent trends, highlights the case for caution.
That said, the Oklahoma economy has diversified away from its former sole reliance on energy. So has BOK as it’s expanded to multiple states. Management is solid. Valuation is attractive, with the stock trading for just over 1x book value. There’s an attractive case here.
IFF stock declined 15.6% in 2020. On that, I was wrong: I had argued that the stock, after a 4% drop in 2019, was set for a big year.
The pandemic obviously played a role in the decline. The company’s scents segment saw pressure as perfume and cologne sales plunged. But, though IFF stock declined last year, the company itself actually performed quite well. Based on preliminary numbers, adjusted operating profit actually rose 16% year-over-year.
After three straight years of declines (IFF stock fell 12% in 2018), the stage is set for a nice rebound. The long-awaited merger with the nutrition business of DuPont (NYSE:DD) is finally set to close. Steps toward a “return to normalcy” should boost several end markets.
And with the multi-year pullback, a stock that once was expensive by large-cap standards now looks cheap. IFF trades at 19x forward earnings, and yields a solid 2.8% after 11 years of dividend hikes. Merger integration and continuing market weakness both pose risks, but IFF stock looks like a bet worth taking.
Comcast has gained 6% in trading Thursday after posting an impressive fourth quarter report. There’s a case for more upside to come.
Technically, CMCSA looks set for a breakout, as it’s again challenging resistance just above the current price of $51. Fundamentally, there’s a nice case as well.
To be sure, the risks are obvious. Comcast continues to lose video customers to cord-cutting. Its filmed entertainment business is taking a hit from the pandemic and audience fragmentation. Theme park results will take years to recover.
But at its core, this is a play on the internet, whose value becomes greater by the day. And Comcast’s market dominance is such that its pricing power should be impressive. Video customers are lower-margin anyway, and the filmed entertainment and theme park businesses remain a smaller slice of profits.
The headline yield, of just 1.9% at the moment, perhaps isn’t that impressive. But Comcast has raised its payout for 10 consecutive years, and there’s little reason to think that trend won’t continue. In fact, given the cash that the data business throws off, patient investors may have a handsome yield on cost in just a few years.
Realty Income has been one of the best dividend growth companies out there. It’s paid dividends for 51 consecutive years, going back to its days a private company. Since going public in 1994, Realty Income has increased its dividend 108 times.
That’s four times a year, which sounds unusual. But Realty Income, somewhat famously, pays its dividend monthly, allowing for more flexibility in terms of raises.
Dividend growth may well slow. Longer-term, there’s even the risk of a cut. The concern is that Realty Income’s focus is on retail real estate, and that segment may well come under pressure. One estimate suggests that 10,000 stores could close for good this year alone. As a result, it’s no surprise that O stock declined 23% over the past year.
But for investors willing to play the contrarian, history should give some comfort. Realty Income has managed all sorts of environments, and its dividend growth has continued. 2020 numbers in context aren’t terrible, and a “return to normalcy” should relieve some of the pressure.
A 4.7% dividend yield looks attractive, even as it also highlights the risk in O stock. An investor needs to be a real estate bull to even consider this name, but those that are could be well-compensated for taking that risk.
On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article.
After spending time at a retail brokerage, Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets.
Vince Martin, InvestorPlace Contributor
Zynex (NASDAQ:ZYXI) Trading 5.2% Higher
Zynex, Inc. (NASDAQ:ZYXI)’s stock price traded up 5.2% during mid-day trading on Monday . The company traded as high as $20.47 and last traded at $19.99. 588,221 shares changed hands during trading, a decline of 24% from the average session volume of 771,697 shares. The stock had previously closed at $19.00.
A number of research analysts have recently issued reports on the company. TheStreet lowered Zynex from a “b-” rating to a “c+” rating in a research report on Wednesday, October 28th. Northland Securities lowered Zynex from an “outperform” rating to a “market perform” rating and set a $22.50 target price on the stock. in a research report on Thursday, January 28th. Piper Sandler lowered Zynex from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $28.00 to $20.00 in a research report on Friday, January 29th. Finally, Zacks Investment Research lowered Zynex from a “buy” rating to a “hold” rating in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.50.
The business has a fifty day simple moving average of $15.98 and a two-hundred day simple moving average of $14.24. The company has a current ratio of 4.96, a quick ratio of 4.17 and a debt-to-equity ratio of 0.01. The company has a market cap of $694.47 million, a PE ratio of 60.58 and a beta of 0.60.
Zynex Company Profile (NASDAQ:ZYXI)
Zynex, Inc, through its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pain; and activate and exercise muscles for rehabilitative purposes with electrical stimulation. It offers NexWave, a dual channel, multi-modality interferential current, transcutaneous electrical nerve stimulation (TENS), and neuromuscular electrical stimulation device; NeuroMove, an electromyography triggered electrical stimulation device; InWave, an electrical stimulation product for the treatment of female urinary incontinence; and TENSWave, a dual channel TENS device.
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Author: Doug Madison