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Best Stocks To Invest In Right Now? 5 Consumer Discretionary Stocks To Watch

Should investors be eyeing consumer discretionary stocks in hopes of a Santa rally this week?
The post Best Stocks To Invest In Right Now? 5 Consumer Discretionary Stocks To Watch appeared first on Stock Market News, Quotes, Charts and Financial Informati

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5 Top Consumer Discretionary Stocks To Watch Today

As we kick off the last trading week of the year, investors may want to consider consumer discretionary stocks. For the most part, this could be thanks to several elements at play in the stock market today. After all, the final week of the year is where things quiet down across the board. In other words, there are often lower trading volumes and minimal economic and earnings data to consider. As a result, a bout of volatility from traders looking to ride a potential Santa rally would not be surprising.

Now, what does all this have to do with consumer discretionary stocks might you ask? Well, with the current broad-based strength in consumer spending, investors may be keen to jump on these names. This would especially be the case should they be anticipating a rise in stocks. Moreover, there are also positive findings from the U.K. Health Security Agency regarding the Omicron coronavirus variant to consider. Last week, studies pointed towards the variant being 70% less likely to cause hospitalizations than the Delta variant.

By and large, once you pair these two significant data points together, consumer discretionary stocks could be appealing to some. For one thing, consumers continue to come out in full force during this holiday season. Over the Christmas weekend, Sony (NYSE: SONY) revealed that its latest blockbuster hit co-produced with Disney (NYSE: DIS) Spider-Man: No Way Home crossed the $1 billion mark in terms of box office sales. As such, should you be keeping an eye on these top consumer discretionary names in the stock market now?

Top Consumer Discretionary Stocks To Buy [Or Sell] Ahead Of 2022

Apple Inc.

First on this list, we have Apple, a consumer discretionary company that specializes in tech products and services. In fact, the company says it has over 1.5 billion active devices worldwide, cementing its products’ appeal to the masses. Its Apple TV+ streaming subscription service offers a selection of original production films and television series called Apple Originals. AAPL stock currently trades at $178.58 as of 11:37 a.m. ET. Recently, it was reported that Apple has hired Meta Platforms’ (NASDAQ: FB) AR Communications lead Andrea Schubert.

This follows the company’s latest developments on the most advanced chips for its unannounced AR/VR headsets. Rumors continue to surround Apple’s headset, with Bloomberg previously reporting that the headset will be far more expensive than those from its rivals. The new AR/VR headsets could hit stores by 2022 and would fall in line with other companies expanding into the metaverse. Given this piece of news, is AAPL stock worth investing in?

NASDAQ AAPL
Source: TD Ameritrade TOS

[Read More] Best Stocks To Buy For 2022? 3 FAANG Stocks To Watch

Avis Budget Group Inc.

Avis is a leading global provider of mobility solutions, both through its Avis and Budget brands, which have more than 10,000 rental locations in over 150 countries around the world. It also owns the Zipcar brand, which is the world’s leading car-sharing network with more than one million members. The company operates most of its car rental offices in North America, Europe, and Australasia directly. CAR stock currently trades at $226.31 as of 11:37 a.m. ET and has risen by over 500% in the past year alone.

Last month, it reported its third-quarter financials. Diving in, total revenue for the quarter was $3 billion, increasing by 96% year-over-year. It also posted a net income of $674 million compared to $45 million a year earlier. With that being said, is CAR stock a top consumer discretionary stock to buy right now?

CAR stock chart
Source: TD Ameritrade TOS

Nike Inc.

Following that, we have Nike, a sports apparel and footwear company. It is one of the largest suppliers of athletic shoes and apparel in the world and is also a major manufacturer of sports equipment. The company markets its products under a wide portfolio of brands that include Air Jordan and Nike+. NKE stock currently trades at $166.17 a piece as of 11:38 a.m. ET.

Last week, the company reported its second-quarter financials for fiscal 2022. Diving in, revenue for the quarter was $11.4 billion while its Nike Direct sales were $4.7 billion. Its digital sales increased by 12% year-over-year. Net income for the quarter was $1.3 billion, up by 7% year-over-year. Given the impressive quarter, would you consider buying NKE stock?

NYSE NKE stock
Source: TD Ameritrade TOS

[Read More] 4 Semiconductor Stocks To Watch Right Now

Penn National Gaming Inc.

Another name to consider among consumer discretionary firms now would be Penn National Gaming (PENN). Notably, PENN currently operates the biggest and most diversified regional gaming footprint in the U.S. For a sense of scale, the company’s entertainment portfolio consists of 44 properties located across 20 states. Not to mention, PENN is also actively working to bolster its online gaming offerings as well. With the company looking to create a highly interactive omnichannel gaming portfolio, investors could be eyeing PENN stock now.

As it stands, the company’s shares currently trade at $50.70 as of 11:38 a.m. ET. This would be after gains of over 500% since its pandemic era low. Even so, the company does not seem to be slowing down anytime soon. Just last week, PENN celebrated the grand opening of its fourth gaming and entertainment facility in Pennsylvania. Named Hollywood Casino Morgantown, it is a $111 million state-of-the-art casino. With all this in mind, would you consider PENN stock a buy today?

PENN stock chart
Source: TD Ameritrade TOS

[Read More] Best Lithium Battery Stocks To Buy Now? 4 To Know

Expedia Group Inc.

Last but not least, we will be taking a look at Expedia Group. For the uninitiated, the company primarily acts as an e-commerce hub for travel-related services. Through its comprehensive array of websites, Expedia serves eager travelers, across the globe. It accomplishes this via its core travel fare aggregators and travel metasearch engines. This includes but is not limited to its Expedia.com, Vrbo, Hotels.com, Trivago, and CarRentals.com sites. EXPE stock now trades at $181.38 a share as of 11:39 a.m. ET.

All in all, Expedia continues to power forward throughout the current pandemic. This is evident from its latest quarterly earnings report posted last month. In it, the company saw green across the board. Namely, Expedia posted year-over-year gains of 96% and 295% in revenue and net income respectively. Furthermore, the company’s earnings per share also surged by over 244% over the same period. CEO Peter Kern cites “superior performance from Vrbo and domestic travel” and “improvements across virtually all lines of business” as growth drivers for the quarter. Having read all this, will you be adding EXPE stock to your portfolio?

EXPE stock chart
Source: TD Ameritrade TOS

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The post Best Stocks To Invest In Right Now? 5 Consumer Discretionary Stocks To Watch appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Economics

Global Industry Statement on the WTO Moratorium on Customs Duties on Electronic Transmissions

Global Industry Statement on the WTO Moratorium on Customs Duties on Electronic Transmissions
PR Newswire
NEW YORK, May 17, 2022

NEW YORK, May 17, 2022 /PRNewswire/ — The United States Council for International Business (USCIB) joined today nearly…

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Global Industry Statement on the WTO Moratorium on Customs Duties on Electronic Transmissions

PR Newswire

NEW YORK, May 17, 2022 /PRNewswire/ -- The United States Council for International Business (USCIB) joined today nearly 100 other global trade and industry associations to urge WTO members to renew the Moratorium on Customs Duties on Electronic Transmissions at the 12th WTO Ministerial Conference in June.

According to the statement, allowing the Moratorium to expire would be a historic setback for the WTO, representing an unprecedented termination of a multilateral agreement in place nearly since the WTO's inception – an agreement that has allowed the digital economy to take root and grow. All WTO members have a stake in the organization's continued institutional credibility and resilience, as well as its relevance at a time of unprecedented digital transformation.

Continuation of the Moratorium is critical to the COVID-19 recovery. As detailed by the United Nations, the World Bank, the OECD, and many other organizations, the cross-border exchange of knowledge, technical know-how, and scientific and commercial information across transnational IT networks, as well as access to digital tools and global market opportunities have helped sustain economies, expand education, and raise global living standards.

Continuation of the Moratorium is also important to supply chain resilience for manufacturing and services industries in the COVID-19 era. Manufacturers – both large and small, and across a range of industrial sectors – rely on the constant flow of research, design, and process data and software to enable their production flows and supply chains for critical products.

The Moratorium is particularly beneficial to Micro, Small and Medium-Sized Enterprises (MSMEs), whose ability to access and leverage digital tools has allowed them to stay in business amidst physical restrictions and lockdowns.

Failure to renew the Moratorium will jeopardize these benefits, as customs restrictions that interrupt cross-border access to knowledge and digital tools will harm MSMEs, the global supply chain, and COVID-19 recovery – increasing digital fragmentation. As UNCTAD has explained, such fragmentation "reduces market opportunities for domestic MSMEs to reach worldwide markets, [and] ... reduces opportunities for digital innovation, including various missed opportunities for inclusive development that can be facilitated by engaging in data-sharing through strong international cooperation.... [M]ost small, developing economies will lose opportunities for raising their digital competitiveness." 

The rest of the statement can be found here.

Media Contact: Kira Yevtukhova, kyevtukhova@uscib.org

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SOURCE United States Council for International Business

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Government

“The Real President Is Whoever Controls The Teleprompter”: Musk Delivers Scathing Criticism Of Biden

"The Real President Is Whoever Controls The Teleprompter": Musk Delivers Scathing Criticism Of Biden

Authored by Jack Phillips via The Epoch…

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"The Real President Is Whoever Controls The Teleprompter": Musk Delivers Scathing Criticism Of Biden

Authored by Jack Phillips via The Epoch Times,

Tech billionaire Elon Musk this week warned that the United States must take steps to address inflation or it will end up like socialist Venezuela.

Musk, who is currently in the process of acquiring Twitter, told a virtual conference that he believes the government has printed too much money in recent years.

“I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously,” Musk said, likely referring to COVID-19 relief stimulus packages worth trillions of dollars that were passed in recent years.

U.S. inflation rose by 8.3 percent in April, compared with the previous year. That’s slightly lower than the 8.5 percent spike in March, but it’s still near the 40-year high.

“So it’s like the government can’t … issue checks far in excess of revenue without there being inflation, you know, velocity of money held constant,” the Tesla CEO said.

“If the federal government writes checks, they never bounce. So that is effectively creation of more dollars. And if there are more dollars created, then the increase in the goods and services across the economy, then you have inflation, again, velocity of money held constant.”

If governments could merely “issue massive amounts of money and deficits didn’t matter, then, well, why don’t we just make the deficit 100 times bigger,” Musk asked. “The answer is, you can’t because it will basically turn the dollar into something that is worthless.”

“Various countries have tried this experiment multiple times,” Musk said.

“Have you seen Venezuela? Like the poor, poor people of Venezuela are, you know, have been just run roughshod by their government.”

In 2018, Venezuela, a country with significant reserves of oil and gas, saw its inflation rise more than 65,000 percent amid an economic crash that included plummeting oil prices and government price controls. The regime of Nicolas Maduro then started printing money, thereby devaluing its currency, which caused prices to rapidly increase.

During the conference, Musk also said the Biden administration “doesn’t seem to get a lot done” and questioned who is actually in charge. 

“The real president is whoever controls the teleprompter,” he said.

“The path to power is the path to the teleprompter.”

“The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective at getting things done,” he remarked.

Musk’s comment about the White House comes as Jeff Bezos, also one of the richest people in the world, has increasingly started to target the administration’s economic policies. Bezos, in a series of Twitter posts, said the rapid increase in federal spending is the reason why inflation is as high as it is.

“Remember the Administration tried their best to add another $3.5 TRILLION to federal spending,” Bezos wrote on Monday, drawing rebuke from several White House officials. “They failed, but if they had succeeded, inflation would be even higher than it is today, and inflation today is at a 40-year high.”

Tyler Durden Tue, 05/17/2022 - 15:05

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Economics

Summit Healthcare REIT, Inc. COO/CFO Elizabeth Pagliarini participates in the 9th Annual IMN Real Estate CFO & COO Forum

Summit Healthcare REIT, Inc. COO/CFO Elizabeth Pagliarini participates in the 9th Annual IMN Real Estate CFO & COO Forum
PR Newswire
LAGUNA HILLS, Calif., May 17, 2022

LAGUNA HILLS, Calif., May 17, 2022 /PRNewswire/ — Elizabeth Pagliarini, COO…

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Summit Healthcare REIT, Inc. COO/CFO Elizabeth Pagliarini participates in the 9th Annual IMN Real Estate CFO & COO Forum

PR Newswire

LAGUNA HILLS, Calif., May 17, 2022 /PRNewswire/ -- Elizabeth Pagliarini, COO/CFO of Summit Healthcare REIT, Inc. ("Summit") joined five other industry leaders on the Executive Roundtable at the 9th Annual IMN Real Estate CFO & COO Forum at the Monarch Beach Resort in Dana Point, California. The panelists shared their thoughts and experiences regarding the post pandemic environment, namely the recovery progress and how businesses are changing, trends in tenant lease terms, and the transition back to working in the office and its implications for new hires. They also provided insights into the availability of financing and how terms have changed over the past six months, how they are managing supply chain crises, rising costs of sourcing and materials, and staffing shortages, the changes made to core processes over the past 18 months and whether these changes would be permanent, and how investor communications have changed in recent months.

About Summit Healthcare REIT, Inc. 
Summit is a publicly registered non-traded REIT that is currently focused on investing in seniors housing and care real estate located throughout the United States. The current portfolio includes interests in 53 facilities in 14 states. Please visit our website at: http://www.summithealthcarereit.com

This material does not constitute an offer to sell or a solicitation of an offer to buy Summit Healthcare REIT, Inc. 

This release may contain forward-looking statements relating to the business and financial outlook of Summit Healthcare REIT, Inc. that are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from any forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of the Company's annual report on Form 10-K for the year ended December 31, 2021, and the quarterly report for the period ended March 31, 2022. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

CONTACT
Chris Kavanagh
(800) 978-8136
ckavanagh@summithealthcarereit.com

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SOURCE Summit Healthcare REIT, Inc.

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