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Top Stock Market News For Today April 14, 2022

Stock futures remain mostly unchanged as investors await bank earnings releases.
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Stock Market Futures Seek Direction Ahead Of Big Bank Quarterly Updates

U.S. stock futures are idling in early morning trading today. In the larger scheme of things, this could be due to investors awaiting further data on the economy. While this week’s consumer price index and producer price index readings are in, there is one more set of data to consider. Notably, this is in the form of earnings from some of the biggest U.S. banks. Before today’s opening bell, Morgan Stanley (NYSE: MS), Goldman Sachs (NYSE: GS), Wells Fargo (NYSE: WFC), and Citigroup (NYSE: C) are on tap. Following a sharp year-over-year decline in profit from JPMorgan (NYSE: JPM) yesterday, investors are likely weary now.

Weighing in on all this is Quincy Krosby, a chief equity strategist at LPL Financial (NASDAQ: LPLA). According to Krosby, “We want to get a picture of how do they see the Fed’s plan… quantitative tightening, the liquidity drain, coupled with higher rates, affecting their clients and their business units.” She also adds that “Higher rates are good for banks, until, the belief is, the higher rates are going to hurt the economy.” With all this in mind, it is safe to say that investors have a lot to consider in the stock market today. As of 4:32 a.m. ET, the Dow and S&P 500 are trading lower by 0.06% and 0.08% respectively. Meanwhile, Nasdaq futures is edging 0.07% higher.

Taiwan Semiconductor In Focus After Posting Solid Figures In First-Quarter Financial Update

Among the head turners in the stock market today is the Taiwan Semiconductor Manufacturing Company (NYSE: TSM). For the most part, this would be the result of TSM reporting its latest quarterly figures earlier today. Jumping right to it, the company is looking at earnings of $1.40 per share alongside revenue of about $17.57 billion. For reference, this is versus Wall Street estimates of $1.31 and $16.26 billion. As such, with the company beating analyst forecasts across the board, TSM stock would be in focus today.

By and large, TSM is also looking at a record quarterly revenue now. This comes as the demand for its integral semiconductor chips continues to skyrocket worldwide. Accordingly, the ongoing global shortages are likely to boost prices for its chips across the board. In particular, the demand for computers, smartphones, and vehicles are among the key sectors to consider on this front. Thanks to persisting global demand, TSM’s revenue is now up by a sizable 36% year-over-year.

Also, it is worth mentioning that all this is amidst worsening pandemic conditions in China. The likes of which are adding to already long wait times for chip deliveries now. Despite all of this, firms like Apple (NASDAQ: AAPL) and Samsung (OTCMKTS: SSNLF) are still catering to tech-hungry consumers. Ultimately, all this would serve to support the bull thesis on semiconductor titans such as TSM. After considering all this, investors looking to jump on TSM stock after its year-to-date losses could see an opportunity now.

TSM stock
Source: TradingView

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Costco Announces Quarterly Dividend Increase To $0.90 Per Share

Elsewhere, Costco (NASDAQ: COST) is raising its quarterly dividend by a fair amount. Namely, as of yesterday, the big-box retailer is declaring a $0.90 per share quarterly payout. This represents a sizable 13.9% increase from the prior dividend of $0.79. For one thing, this could further attract investors looking to make more defensive plays in the stock market today. With this move in mind, it seems that Costco is well aware of current market conditions and is making the most of it. Even as inflation continues to surge and global economies falter, demand for its offerings will likely persist. As such, to better appeal to investors during a potential time of crisis, Costco is further bolstering its dividend.

At the same time, the company is also holding strong on the operational front as well. This is evident from its latest monthly sales report from last week. According to Costco, it raked in total net sales of $21.61 billion throughout March. Year-over-year, this adds up to a notable 18.7% increase. More importantly, the company also saw its comparable sales jump by 17.2% over the same period. This marks its third straight month with double-digit net and comparable sales gains. Overall, as Costco seemingly goes from strength to strength, I could see COST stock gaining attention today. 

COST stock
Source: TradingView

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Fastenal Beats Estimates Across Top And Bottom Line In Latest Quarterly Earnings Release

Fastenal (NASDAQ: FAST), a titan in the industrial supplies space is also turning heads in the stock market this week. Correspondingly, this follows the announcement of its first fiscal quarter earnings yesterday. In brief, Fastenal is looking at a total revenue of $1.7 billion alongside earnings of $0.47 per share. To put things into perspective, this tops consensus projections of $1.69 billion and $0.45 respectively.

Going into the specifics, the company also highlights a solid 20% year-over-year increase in its net sales. According to Fastenal, “This increase is due to improved unit sales across most products to our traditional manufacturing and construction customers, resulting from continued improvement in business activity. Our net daily sales growth also benefited by roughly 100 basis points from the absence of last year’s adverse weather. The first quarter of 2022 continued to experience strong, economically-driven growth in underlying demand for manufacturing and construction equipment and supplies, which drove higher unit sales that contributed to the increase in net sales in the period.” All in all, the current attention around FAST stock now is understandable.  

FAST stock
Source: TradingView

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Travel Stocks Pop After Delta Air Lines Provides Upbeat Outlook On Returning Travel Momentum

In other news, the travel industry appears to be experiencing a recovery rally now. Evidently, some of the top travel stocks around are seeing substantial gains following yesterday’s trading session. To begin with, the industry likely has Delta Air Lines (NYSE: DAL) to thank for these gains. After reporting its latest quarterly financials, the airline operator’s outlook for the current quarter points towards a recovery in travel demand. So much so that it expects to swing towards a net profit in the June 2022 quarter with revenues exceeding pre-pandemic levels.

As a result of all this, a wide variety of travel stocks appears to be following suit. Primarily, airline operators like American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), and United Airlines (NASDAQ: UAL) saw gains of over 10%, 7%, and 5% respectively yesterday. Moreover, vacation planning companies like Expedia Group (NASDAQ: EXPE) and Airbnb (NASDAQ: ABNB) also saw similar upswings as well. While all this is great, travel firms continue to work together, anticipating the return of travelers as well. As of earlier this week, American Airlines and Expedia are now working together. In essence, the current partnership provides Expedia users with more customization options when booking American Airlines flights. Because of all this, travel stocks could be worth keeping an eye on in the stock market moving forward.

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The post Top Stock Market News For Today April 14, 2022 appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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There will soon be one million seats on this popular Amtrak route

“More people are taking the train than ever before,” says Amtrak’s Executive Vice President.

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While the size of the United States makes it hard for it to compete with the inter-city train access available in places like Japan and many European countries, Amtrak trains are a very popular transportation option in certain pockets of the country — so much so that the country’s national railway company is expanding its Northeast Corridor by more than one million seats.

Related: This is what it's like to take a 19-hour train from New York to Chicago

Running from Boston all the way south to Washington, D.C., the route is one of the most popular as it passes through the most densely populated part of the country and serves as a commuter train for those who need to go between East Coast cities such as New York and Philadelphia for business.

Veronika Bondarenko captured this photo of New York’s Moynihan Train Hall. 

Veronika Bondarenko

Amtrak launches new routes, promises travelers ‘additional travel options’

Earlier this month, Amtrak announced that it was adding four additional Northeastern routes to its schedule — two more routes between New York’s Penn Station and Union Station in Washington, D.C. on the weekend, a new early-morning weekday route between New York and Philadelphia’s William H. Gray III 30th Street Station and a weekend route between Philadelphia and Boston’s South Station.

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According to Amtrak, these additions will increase Northeast Corridor’s service by 20% on the weekdays and 10% on the weekends for a total of one million additional seats when counted by how many will ride the corridor over the year.

“More people are taking the train than ever before and we’re proud to offer our customers additional travel options when they ride with us on the Northeast Regional,” Amtrak Executive Vice President and Chief Commercial Officer Eliot Hamlisch said in a statement on the new routes. “The Northeast Regional gets you where you want to go comfortably, conveniently and sustainably as you breeze past traffic on I-95 for a more enjoyable travel experience.”

Here are some of the other Amtrak changes you can expect to see

Amtrak also said that, in the 2023 financial year, the Northeast Corridor had nearly 9.2 million riders — 8% more than it had pre-pandemic and a 29% increase from 2022. The higher demand, particularly during both off-peak hours and the time when many business travelers use to get to work, is pushing Amtrak to invest into this corridor in particular.

To reach more customers, Amtrak has also made several changes to both its routes and pricing system. In the fall of 2023, it introduced a type of new “Night Owl Fare” — if traveling during very late or very early hours, one can go between cities like New York and Philadelphia or Philadelphia and Washington. D.C. for $5 to $15.

As travel on the same routes during peak hours can reach as much as $300, this was a deliberate move to reach those who have the flexibility of time and might have otherwise preferred more affordable methods of transportation such as the bus. After seeing strong uptake, Amtrak added this type of fare to more Boston routes.

The largest distances, such as the ones between Boston and New York or New York and Washington, are available at the lowest rate for $20.

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The next pandemic? It’s already here for Earth’s wildlife

Bird flu is decimating species already threatened by climate change and habitat loss.

I am a conservation biologist who studies emerging infectious diseases. When people ask me what I think the next pandemic will be I often say that we are in the midst of one – it’s just afflicting a great many species more than ours.

I am referring to the highly pathogenic strain of avian influenza H5N1 (HPAI H5N1), otherwise known as bird flu, which has killed millions of birds and unknown numbers of mammals, particularly during the past three years.

This is the strain that emerged in domestic geese in China in 1997 and quickly jumped to humans in south-east Asia with a mortality rate of around 40-50%. My research group encountered the virus when it killed a mammal, an endangered Owston’s palm civet, in a captive breeding programme in Cuc Phuong National Park Vietnam in 2005.

How these animals caught bird flu was never confirmed. Their diet is mainly earthworms, so they had not been infected by eating diseased poultry like many captive tigers in the region.

This discovery prompted us to collate all confirmed reports of fatal infection with bird flu to assess just how broad a threat to wildlife this virus might pose.

This is how a newly discovered virus in Chinese poultry came to threaten so much of the world’s biodiversity.

H5N1 originated on a Chinese poultry farm in 1997. ChameleonsEye/Shutterstock

The first signs

Until December 2005, most confirmed infections had been found in a few zoos and rescue centres in Thailand and Cambodia. Our analysis in 2006 showed that nearly half (48%) of all the different groups of birds (known to taxonomists as “orders”) contained a species in which a fatal infection of bird flu had been reported. These 13 orders comprised 84% of all bird species.

We reasoned 20 years ago that the strains of H5N1 circulating were probably highly pathogenic to all bird orders. We also showed that the list of confirmed infected species included those that were globally threatened and that important habitats, such as Vietnam’s Mekong delta, lay close to reported poultry outbreaks.

Mammals known to be susceptible to bird flu during the early 2000s included primates, rodents, pigs and rabbits. Large carnivores such as Bengal tigers and clouded leopards were reported to have been killed, as well as domestic cats.

Our 2006 paper showed the ease with which this virus crossed species barriers and suggested it might one day produce a pandemic-scale threat to global biodiversity.

Unfortunately, our warnings were correct.

A roving sickness

Two decades on, bird flu is killing species from the high Arctic to mainland Antarctica.

In the past couple of years, bird flu has spread rapidly across Europe and infiltrated North and South America, killing millions of poultry and a variety of bird and mammal species. A recent paper found that 26 countries have reported at least 48 mammal species that have died from the virus since 2020, when the latest increase in reported infections started.

Not even the ocean is safe. Since 2020, 13 species of aquatic mammal have succumbed, including American sea lions, porpoises and dolphins, often dying in their thousands in South America. A wide range of scavenging and predatory mammals that live on land are now also confirmed to be susceptible, including mountain lions, lynx, brown, black and polar bears.

The UK alone has lost over 75% of its great skuas and seen a 25% decline in northern gannets. Recent declines in sandwich terns (35%) and common terns (42%) were also largely driven by the virus.

Scientists haven’t managed to completely sequence the virus in all affected species. Research and continuous surveillance could tell us how adaptable it ultimately becomes, and whether it can jump to even more species. We know it can already infect humans – one or more genetic mutations may make it more infectious.

At the crossroads

Between January 1 2003 and December 21 2023, 882 cases of human infection with the H5N1 virus were reported from 23 countries, of which 461 (52%) were fatal.

Of these fatal cases, more than half were in Vietnam, China, Cambodia and Laos. Poultry-to-human infections were first recorded in Cambodia in December 2003. Intermittent cases were reported until 2014, followed by a gap until 2023, yielding 41 deaths from 64 cases. The subtype of H5N1 virus responsible has been detected in poultry in Cambodia since 2014. In the early 2000s, the H5N1 virus circulating had a high human mortality rate, so it is worrying that we are now starting to see people dying after contact with poultry again.

It’s not just H5 subtypes of bird flu that concern humans. The H10N1 virus was originally isolated from wild birds in South Korea, but has also been reported in samples from China and Mongolia.

Recent research found that these particular virus subtypes may be able to jump to humans after they were found to be pathogenic in laboratory mice and ferrets. The first person who was confirmed to be infected with H10N5 died in China on January 27 2024, but this patient was also suffering from seasonal flu (H3N2). They had been exposed to live poultry which also tested positive for H10N5.

Species already threatened with extinction are among those which have died due to bird flu in the past three years. The first deaths from the virus in mainland Antarctica have just been confirmed in skuas, highlighting a looming threat to penguin colonies whose eggs and chicks skuas prey on. Humboldt penguins have already been killed by the virus in Chile.

A colony of king penguins.
Remote penguin colonies are already threatened by climate change. AndreAnita/Shutterstock

How can we stem this tsunami of H5N1 and other avian influenzas? Completely overhaul poultry production on a global scale. Make farms self-sufficient in rearing eggs and chicks instead of exporting them internationally. The trend towards megafarms containing over a million birds must be stopped in its tracks.

To prevent the worst outcomes for this virus, we must revisit its primary source: the incubator of intensive poultry farms.

Diana Bell does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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This is the biggest money mistake you’re making during travel

A retail expert talks of some common money mistakes travelers make on their trips.

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Travel is expensive. Despite the explosion of travel demand in the two years since the world opened up from the pandemic, survey after survey shows that financial reasons are the biggest factor keeping some from taking their desired trips.

Airfare, accommodation as well as food and entertainment during the trip have all outpaced inflation over the last four years.

Related: This is why we're still spending an insane amount of money on travel

But while there are multiple tricks and “travel hacks” for finding cheaper plane tickets and accommodation, the biggest financial mistake that leads to blown travel budgets is much smaller and more insidious.

A traveler watches a plane takeoff at an airport gate.

Jeshoots on Unsplash

This is what you should (and shouldn’t) spend your money on while abroad

“When it comes to traveling, it's hard to resist buying items so you can have a piece of that memory at home,” Kristen Gall, a retail expert who heads the financial planning section at points-back platform Rakuten, told Travel + Leisure in an interview. “However, it's important to remember that you don't need every souvenir that catches your eye.”

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According to Gall, souvenirs not only have a tendency to add up in price but also weight which can in turn require one to pay for extra weight or even another suitcase at the airport — over the last two months, airlines like Delta  (DAL) , American Airlines  (AAL)  and JetBlue Airways  (JBLU)  have all followed each other in increasing baggage prices to in some cases as much as $60 for a first bag and $100 for a second one.

While such extras may not seem like a lot compared to the thousands one might have spent on the hotel and ticket, they all have what is sometimes known as a “coffee” or “takeout effect” in which small expenses can lead one to overspend by a large amount.

‘Save up for one special thing rather than a bunch of trinkets…’

“When traveling abroad, I recommend only purchasing items that you can't get back at home, or that are small enough to not impact your luggage weight,” Gall said. “If you’re set on bringing home a souvenir, save up for one special thing, rather than wasting your money on a bunch of trinkets you may not think twice about once you return home.”

Along with the immediate costs, there is also the risk of purchasing things that go to waste when returning home from an international vacation. Alcohol is subject to airlines’ liquid rules while certain types of foods, particularly meat and other animal products, can be confiscated by customs. 

While one incident of losing an expensive bottle of liquor or cheese brought back from a country like France will often make travelers forever careful, those who travel internationally less frequently will often be unaware of specific rules and be forced to part with something they spent money on at the airport.

“It's important to keep in mind that you're going to have to travel back with everything you purchased,” Gall continued. “[…] Be careful when buying food or wine, as it may not make it through customs. Foods like chocolate are typically fine, but items like meat and produce are likely prohibited to come back into the country.

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