IMMEDIATE gratification, immediate data and nonsense news, immediate response. The new world? The oxymoron of ‘smart' phones is lost on me. If they were smart, or as smart as a teacher, they would tell us to turn them off.I hadn't thought at all about how people use their phones in relation to investments until I recently saw them used to check up on investment values on an hour by hour basis and it dawned on me the stress that must cause, especially in light of recent market movements.For the record, I do not do that with my own money. There is no point. I would also not be around for long. What risks does excessive monitoring cause? I've heard many statements regarding markets ‘going' up, or ‘going' down. As we've mentioned before, that can often lead to knee-jerk reactions where you jump a queue at completely the wrong time, and indeed this was covered in the last quarter for the same reason.Markets never, ever use the present participle. They are never … [Read more...] about Jumping market jitters
Expected market return
Under Armour’s stock jumped more than 17 percent Tuesday after the Baltimore athletic apparel brand reported stronger sales than expected at the end of 2017.While weak demand for its apparel in the United States caused a steep loss for the quarter ended Dec. 31, Under Armour reported strong sales in international markets and online.As a result, revenue grew 5 percent to $1.37 billion, exceeding analysts’ expectations for the critical October-to-December period. Under Armour shares surged, ending the day’s trading up $2.47 each at $16.70.After years of rapid growth, Under Armour stumbled badly in 2017, as sales growth slowed amid store closings by key retailers, intense competition and changing demand for athletic apparel.Under Armour’s CEO and founder, Kevin Plank, said a rocky 2017 will serve as a catalyst for a rebound by the company. Plank and other executives sought Tuesday to reassure investors that the business was stabilizing and seeing results from … [Read more...] about Under Armour reports fourth-quarter loss of $88 million, though sales top expectations
Over lunch years ago, a man who ran a successful marijuana business in California complained to his friend Arnold Heckman about how hard it was to find the right packaging materials.Heckman thought the answer was simple: “It seems like you could just go offshore and have what you want made.”His friend replied: “Why don’t you go offshore and have what I want made, and I’ll buy it from you?”That conversation years ago was the beginnings of Cannaline, which sells custom bags and jars and other containers from its Elkridge headquarters to marijuana retailers in states where the drug is legal.Now Heckman is poised to take advantage of business in his own backyard.Maryland is licensing 15 growers, 15 processors and 102 dispensaries for the launch of the medical marijuana industry. Cannaline represents the next tier: the firms to be started or expanded to support the trade.Analysts don’t expect marijuana to rival the state’s biggest industries, … [Read more...] about Jobs, economic spinoff expected from Maryland’s new medical marijuana industry
Tweet TweetBMW withdrew from the world of Formula One after the 2009 season due to the severe global economic downturn. The German company was forced to cut costs, and although their Sauber outfit was competitive in the Constructors’ Championship in the 2007 and 2008 terms, finishing second and third respectively. Despite their relative success in the sport, the expense ended their involvement and they have not opted to re-join the action since. However, with new regulations coming into force for the 2021 term, there could be an opening for a return, considering that the financial markets have settled. The company had previously been solely an engine supplier, most notably in a six-year spell working with Williams between 2000 and 2005. The outfit came close to victories in the Constructors and Drivers’ Championship, with Juan Pablo Montoya reeling off back-to-back third-place finishes. Ralf Schumacher also enjoyed success with Williams during the run, notching six … [Read more...] about Could BMW Return to Formula One?
Suzuki announced today that it is making plans to return to the North American automotive market in 2021. The Japanese automaker pulled out of the U.S. and Canada in 2013, after only having its subcompact SX4, compact Grand Vitara SUV, and mid-sized Kizashi sedan as offerings. The company, according to an anonymous source, has said it reevaluated the U.S. market and decided to focus on its strength of small crossovers and hatchbacks. It is expected the company will initially offer the latest variant of the SX4 S-Cross pictured above. However, this will be its largest vehicle offering. "Suzuki has learned from its experience in the North American Markets, and will be focusing on what we do best, which includes small cars and crossovers," says an anonymous source from within the company. "We're excited to bring our expertise in this vehicle genre back to North America, where we feel we will be extremely successful." Suzuki also said it plans to introduce a couple of kei cars to the … [Read more...] about Suzuki Announces Plan to Return to North American Market