Day: 23 May 2020

This week in Trumponomics: The worst is behind, and ahead

The economy is getting worse at a decelerating rate. Yippee.

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23 May 2020
Restaurants are for Republicans now

Are Republicans braver? Or do they simply lack a healthy respect for the coronavirus?

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23 May 2020
Amazon could be a huge threat to the gaming industry

Amazon has a big-budget game, another in the works, and a secretive cloud gaming service in the making. All of that could prove to be a problem for the industry's old guard.

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23 May 2020
Edited Transcript of NYMT earnings conference call or presentation 22-May-20 1:00pm GMT

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23 May 2020
The Scotts Miracle-Gro Company (NYSE:SMG) Will Pay A US$0.58 Dividend In 2 Days

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be…

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23 May 2020
Alibaba profit sinks 88% as investments sour

Alibaba's stock investments lost $1.09 billion in the quarter.

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23 May 2020
The Return of Sports Is Exactly What DraftKings Needed

Established in 2012, DraftKings (NASDAQ:DKNG) quickly rose to prominence, dominating the daily fantasy sports and sports betting arenas. Buoyed by favorable legislation, investors had high hopes for DraftKings stock. Unfortunately, the novel coronavirus completely cratered this narrative. Obviously, without sports, there was no point in sports betting or other derivative activities.Source: Lori Butcher/Shutterstock.com It wasn't too much of a shock, then, that DraftKings stock dropped nearly 26% in March. But in the following month, shares went ballistic, with buyers speculating on the return of sports. First, several states began gradually reopening their economies after their infection rates declined. Second, various sports leagues began discussions about a possible return.Though we're still in the early stages of the sports recovery, NASCAR provided an honest-to-goodness blueprint for how other leagues can move forward.InvestorPlace – Stock Market News, Stock Advice & Trading TipsThe festivities at Darlington Raceway in South Carolina was unlike any other event NASCAR hosted. Prior to the event, the Associated Press described it as follows:There will be no elaborate infield tailgates, inflatable pools or hundreds of American flags that fly above the campers. The grandstands will be empty gray rows, no spectators allowed.Most significantly for this sport, the race directors did not allow practice nor qualifying. Practice is especially important for NASCAR teams – or any auto racing series – as it lets engineers dial in the appropriate setup for real-time track conditions. * 7 Excellent Penny Stocks Ready to Roar Yet for fans, it didn't matter. Racing was back and it immediately bolstered the case for DraftKings stock. As you can tell by pulling up its chart, momentum has not ceased since the beginning of April.To me, DKNG is overbought at this point. However, you'll want to consider buying on the big dips. Pent-up Demand Is a Real Phenomenon for DraftKings StockIn many of my prior articles, I've discussed the role that pent-up demand will play as societies reopen and the economic machinery starts up again. Yes, Americans have suffered badly from this pandemic and the emotional and physical toll will take time to heal.Yet if I know anything, it's to never bet against America. We've endured many calamities and tragedies, including other pandemics. Each time, we've come out the other side stronger than ever. There's no reason why that wouldn't be the case this time around.Better yet, the data for pent-up demand is clear for anyone to see. For the Darlington race, it drew 6.32 million viewers, up 38% from the last race before the lockdowns. In comparison, the Daytona 500 – NASCAR's marquee event – drew seven million viewers in February. Furthermore, average viewer metrics increased conspicuously, which is something advertisers will be keying in on. And all this is net positive for DraftKings stock.It's important to recognize the context. Well before this crisis, sports analysts reported on waning interest for NASCAR. I don't find this terribly shocking considering that millennials and younger generations don't want to spend hours watching cars make (mostly) left turns. But that interest was so high for what the current generation considers a boring sport gives you an idea of what to expect when traditional powerhouse sports leagues return.And that's really what the phenomenal rise in DraftKings stock is all about. For instance, DKNG is clearly pricing in the return of baseball, which is something more up DraftKings' alley. With baseball, you have myriad opportunities. It also helps that virtually all Americans have grown up with the sport.Once it returns, the thinking is that DKNG will explode even higher. Be Smart About DKNGI'm not denying the allure of DraftKings stock. There's real substance here. At the same time, you don't want to get sucked into what the masses are doing.In April, DKNG gained over 65%. This month, we're rapidly approaching the 50% mark. As with any high-flying stock, it's time for a pullback.But when it does, this would be a golden discount. For one thing, while NASCAR's return and the likely reemergence of baseball are exciting developments, the true heavyweight – meaning football – is around the corner. I'm sure demand will be through the roof.Second, DraftKings has the opportunity to lever the new normal to its advantage. During the quarantines, eSports leagues received a sizable boost in traffic and engagement. If that trend continues, the company can organically market its eSports platform, which was also aided tremendously by favorable legislation.Ultimately, the long-term narrative for DraftKings stock is very positive. Just let it cool down a bit before taking a bite.Matthew McCall left Wall Street to actually help investors — by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post The Return of Sports Is Exactly What DraftKings Needed appeared first on InvestorPlace.

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23 May 2020
Biggest U.S. Mall Is Two Months Delinquent on $1.4 Billion Loan

(Bloomberg) — The Mall of America, the largest U.S. shopping center, missed two months of payments for a $1.4 billion commercial mortgage-backed security, the latest sign of the devastating impact of pandemic-related shutdowns on the retail industry.“The loan is currently due for the April and May payments,” according to a report filed by the trustee of the debt, Wells Fargo & Co., which is also the master servicer for the loan. “Borrower has notified master servicer of Covid-19 related hardships.”Retailers and their landlords, hurt by competition from online stores before coronavirus-spurred shutdowns made things worse, are struggling to make rent and mortgage payments. Mall owners reported rock-bottom April rent collections, including about 12% for Tanger Factory Outlet Centers Inc., roughly 20% for Brookfield Property Partners LP and 26% for Macerich Co.A Wells Fargo spokesperson confirmed the Mall of America delinquency, declining to comment further. Representatives for the Mall of America, in Bloomington, Minnesota, didn’t respond to requests for comment on the missed payments.The 5.6 million-square-foot (520,000-square-meter) mall was ordered closed on March 17, and has announced plans to begin reopening on June 1, starting with retailers, followed later by food services and attractions, such as the mega-mall’s aquarium, cinema, miniature golf course and indoor theme park.“Reopening a building the size of Mall of America is no small task, but we are confident taking the necessary time to reopen will help us create the safest environment possible,” the mall said in a statement on its website.The Mall of America is owned by members of the Ghermezian family, whose holdings also include the West Edmonton Mall, a 5.3 million-square-foot complex in their Canadian hometown, and American Dream, a 3 million-square-foot mall in East Rutherford, New Jersey.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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23 May 2020
3 explosive ASX growth shares to buy
If you’re looking to add a few growth shares to your portfolio, then I think the ones listed below would be great options.

They all look well-positioned for growth over the next decade and could generate outsized returns for investors. Here’s why I like them:

a2 Milk Company Ltd (ASX: A2M)

The first growth share I would urge you to consider buying is a2 Milk Company. This leading fresh milk and infant formula company has consistently grown its earnings at a strong rate over the last few years thanks to the expansion of its fresh milk footprint and the insatiable demand for its infant formula in China. Given how its fresh milk footprint continues to expand and its infant formula still only has a modest market share, I believe there’s plenty more to come from a2 Milk Company. Another positive is its burgeoning cash balance. At the end of the first half it had NZ$618.4 million of cash. I suspect these funds could be used for earnings accretive acquisitions in the future.

NEXTDC Ltd (ASX: NXT)

The second growth share to consider buying is NEXTDC. I believe the data centre operator has the potential to be a long term market beater. This is because it is perfectly positioned to capitalise on the ever-increasing amount of data being generated by consumers and businesses. This consumption will only increase in the future as more software moves to the cloud and 5G internet adoption grows. As a result, I expect demand for capacity at its world class centres will be strong for many years to come.

Pushpay Holdings Group Ltd (ASX: PPH)

A final growth share to consider buying is Pushpay. It is a fast-growing donor management platform provider for the faith and not-for-profit sectors. While this is a niche market, it is certainly a very lucrative one. For example, the company recently released its full year results and revealed operating revenue of US$127.5 million and operating earnings of US$25.1 million. Both were up very strongly year on year. Looking to the future, management is targeting a 50% share of the medium to large church market. This represents a US$1 billion revenue opportunity. Given the quality of its offering, I believe it can achieve this and drive strong returns for investors.

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Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns shares of A2 Milk. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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23 May 2020
3 ASX dividend shares I would buy to beat low rates
With the cash rate at a record low of 0.25% and unlikely to change any time soon, the interest rates on offer with term deposits and savings accounts look set to stay lower for longer.

In light of this, I think income investors ought to consider investing in some of the quality dividend shares on the ASX.

Three that I would buy next week are listed below:

Dicker Data Ltd (ASX: DDR)

Dicker Data is a leading wholesale distributor of computer hardware and software. I think it is one of the best dividend shares on the local market and doesn’t get the recognition it deserves. Especially given how it has consistently grown its earnings and dividends at a solid rate for many years now. Pleasingly, this positive trend has continued in 2020 despite the crisis. Management recently revealed strong first quarter profit growth and plans to lift its full year dividend by 31% to 35.5 cents per share. This represents a 4.75% fully franked dividend yield.

Macquarie Group Ltd (ASX: MQG)

Another dividend share to consider buying is this investment bank. I like Macquarie due to the quality and diversity of its earnings and its ability to deliver growth when the rest of the banking sector is struggling. And while it will not be immune from the pandemic and FY 2021 could be an underwhelming year, it has a long history of bouncing back strongly and generating solid returns for investors. At present I estimate that its shares offer investors a partially franked 4.8% FY 2021 dividend yield.

Telstra Corporation Ltd (ASX: TLS)

A final option to consider is Telstra. I believe the telco giant is well positioned to return to growth in the not so distant future. Especially given the return of rational competition in the telco industry, its T22 cost-cutting plans, and its leadership position in the 5G market. In the meantime, I am optimistic that the dividend cuts are over and its free cash flows will be sufficient to sustain its current 16 cents per share dividend. This equates to a fully franked 5.2% yield. Incidentally, I’m not alone with this view. As I wrote here, Goldman Sachs believes Telstra’s current dividend is sustainable.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited, Macquarie Group Limited, and Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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23 May 2020