Author: Press Room

CROX’s Reversal May Be Here, As HEYDUDE Bottoms We previously covered Crocs, Inc. (NASDAQ:CROX) in June 2024, discussing why we had reiterated our Buy rating, as the company reported double beat FQ1’24 earning call while raising its FY2024 guidance. This was attributed to the robust Crocs sales domestically/ internationally, well balancing HeyDude’s ongoing inventory correction. We were also encouraged by the new management brought in to revitalize the HeyDude brand, despite the recently lowered FY2024 HeyDude guidance. Combined with the healthier balance sheet and the growing bullish support observed in its stock movement, we believed that it remained a compelling…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nasa said on Saturday that it would use a spacecraft from billionaire Elon Musk’s SpaceX rather than Boeing to bring home two astronauts stuck at the International Space Station.Astronauts Sunita Williams and Barry Wilmore, who were supposed to return to Earth two months ago, will now come back in February aboard a SpaceX Crew Dragon rather than the Boeing CST-100 Starliner they travelled to the space station with that subsequently suffered technical difficulties.“Space flight is risky,” said Nasa administrator Bill Nelson. “A…

Favorable views of the American flag are usually associated with the GOP. Michael Smerconish argues that patriotism, military service, and pride in the American flag were key themes at the 2024 Democratic National Convention. From hearing “USA, USA, USA!” chants and a line up of country music stars… Democrats are no longer ceding patriotism to Republicans. Read the full article here

By Kelly K. James, Next Avenue During an interdepartmental Zoom meeting, a vice president asked for feedback about a video he’d produced, on a tight timeframe, to promote our company. On the video, one employee made a comment that made our company look bad. I thought she may have misspoken (and later learned she had) but I reflexively said that part of the video was “terrible.” Then I repeated myself. I’m a direct person by nature. And I could tell that by the vice president’s reaction that in this situation, that directness had been a mistake on my part —…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 8, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

It appears more investors are eyeing dividend stocks ahead of the Federal Reserve’s interest rate decision in September.Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy because he sees the Fed easing rates.”Investors are moving back toward dividends out of money markets, out of fixed income, but also importantly toward leveraged companies that might be rewarded by a declining interest rate environment,” the chief ETF strategist told CNBC’s “ETF Edge” this week.ALPS is the issuer of several dividend exchange-traded funds including the ALPS O’Shares U.S. Quality Dividend ETF (OUSA) and its counterpart, the ALPS O’Shares U.S. Small-Cap…

Boeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it delivered to orbit in early June, the agency announced on Saturday.With Starliner coming back to Earth empty, NASA will now have astronauts Butch Wilmore and Suni Williams return via SpaceX’s Dragon spacecraft, which is expected to launch its ninth regular mission to the ISS for the agency on Sept. 24. Ultimately, Wilmore and Williams will stay at the ISS for about six more months before flying home in February on SpaceX’s Crew-9 vehicle. The test flight was originally intended to last about nine…

It’s never been harder to be Mister Softee. Once, there were more than 2,000 Mister Softee trucks in 38 states during the company’s peak in the 1960s. Now, there are only around 630 Mister Softee trucks looping around neighborhoods and parks in 21 states. Competition and rising costs are hurting sales. Counter-intuitive factors like increasingly hot weather are also denting business. And broader social trends – like the shrinking sizes of American families and even the advance of technology – play a role, too. “There’s a lot more competition, especially in New York, than there was in the 1980s and…

ULVM strategy VictoryShares US Value Momentum ETF (NASDAQ:ULVM) started investing operations on 10/24/2017 and tracks the Nasdaq Victory US Value Momentum Index. It has a portfolio of 124 stocks, a net expense ratio of 0.20%, and a 30-day SEC yield of 1.63%. Distributions are paid monthly. As described in the prospectus by Victory Capital, the fund selects companies of the Nasdaq US Large Cap 500 Index that have higher exposure to value and momentum factors. A value score is calculated based on price-to-earnings, share price-to-book value and price-to-operating cash flow ratios. A momentum score is calculated based on price returns…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Parts of the Red Sea are facing a significant pollution risk after Yemen’s Houthis blew up a crippled tanker and its crude oil cargo in the middle of the strategic waterway.The Iran-backed group on Friday posted videos showing their forces’ deliberate blowing up of the Greek-owned oil tanker Sounion, whose crew had been forced to abandon ship after a series of attacks by the Houthis on Wednesday.The EU’s Operation Aspides naval force had warned on Thursday that the drifting, abandoned vessel and…