Consumer services – Band H Lock Tue, 19 Oct 2021 07:58:52 +0000 en-US hourly 1 Consumer services – Band H Lock 32 32 ICICI Prudential Mutual Fund Launches Consumer-Focused ETF Tue, 19 Oct 2021 07:58:52 +0000

NEW DELHI : Asset management company ICICI Prudential Mutual Fund has launched an exchange traded index fund that tracks the Nifty India consumer index.

The ICICI Prudential Consumption ETF, which will close underwriting on October 25, will seek to provide exposure to a diverse portfolio of companies representing domestic consumption. Kayzad Eghlim and Nishit Patel would be the fund managers of the program.

According to India’s second largest asset manager, India’s population is steadily increasing year by year, which will increase consumption levels in every household thereby improving and strengthening the consumer sector.

The minimum investment during the New Fund Offer Period (NFO) is ??1,000 and in multiples of ??1, then, with zero output load.

Speaking on the launch, Chintan Haria, Head of Product Development and Strategy, ICICI Prudential AMC said: to all age groups. With India being one of the fastest growing economies, there is enormous potential for growth in the domestic and industrial consumption segments. An investor may view this offer as part of his equity allocation. “

In a statement, the company pointed out that in terms of return potential, the Nifty India Consumption Total Return Index (TRI) outperformed the Nifty50 TRI four out of eight times through 2020.

The Nifty India Consumer Index is designed to reflect the behavior and performance of a diversified portfolio of companies representing the domestic consumer sector which includes sectors such as non-durable consumer goods, healthcare, automotive , telecommunications services, pharmaceuticals, hotels, media and entertainment, etc. .

In terms of sector composition, consumer goods were the most represented at 57.91% in The Nifty India consumer index, followed by automobiles at 17.06% and consumer services at 9.49% , to September 30.

Hindustan Unilever Ltd had the highest component weight at 10.16%, followed by ITC Ltd at 10.08%, Bharti Airtel Ltd. 9.24%, Asian Paints 8.32% and Maruti Suzuki India Ltd. at 5.55%.

Consumption as a theme has hardly been affected by the covid-19-induced economic downturn over the past 18 months.

To capture this theme, SBI Mutual Fund launched SBI Consumption ETF in July, while Axis Mutual Fund in September launched Axis Consumption ETF. These two funds are based on the Nifty India consumer index.

Nippon India Mutual Fund owns one of the first consumer-themed ETFs which was launched in 2014. The fund with assets of ??26 crore generated returns of 51.47%, 19.07%, 15.25% and 14.35% over one, three, five and seven years, respectively.

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Is Ataa Educational Company (TADAWUL: 4292) popular among initiates? Mon, 18 Oct 2021 03:18:48 +0000

A look at the shareholders of Ataa Educational Company (TADAWUL: 4292) can tell us which group is more powerful. Large companies usually have institutions as shareholders, and we usually see insiders holding shares in smaller companies. Warren Buffett said he enjoys “a business with sustainable competitive advantages that is led by skilled, owner-oriented people.” So it’s nice to see some insider ownership as it may suggest that the management is owner-driven.

With a market capitalization of ر, س 2.7b, Ataa Educational is a small cap stock, so it might not be well known to many institutional investors. In the table below, we can see that the institutions are not entered in the share register. We can zoom in on the different ownership groups, to find out more about Ataa Educational.

Check out our latest analysis for Ataa Educational

SASE: 4,292 Ownership breakdown October 18, 2021

What does the lack of institutional ownership tell us about Ataa Educational?

Institutional investors often avoid companies that are too small, too illiquid or too risky for their liking. But it is unusual to see large companies without any institutional investor.

There can be various reasons why no institution owns shares in a company. Typically, small, newly listed companies do not attract much attention from fund managers, as it would not be possible for large fund managers to forge a meaningful position in the company. It is also possible that the fund managers do not own the stock because they are not convinced that it will perform well. Institutional investors may not find the company’s historical growth impressive, or there may be other factors at play. You can see for yourself the past earnings performance of Ataa Educational below.

profit and revenue growth
SASE: 4292 Growth in profit and revenue on October 18, 2021

We note that the hedge funds do not have a significant investment in Ataa Educational. Advanced National Creativity Trading Company is currently the largest shareholder in the company with 20% of the shares outstanding. For context, the second shareholder owns around 20% of the outstanding shares, followed by 15% ownership by the third shareholder.

To make our study more interesting, we found that the top 3 shareholders have a controlling stake in the company, which means that they are powerful enough to influence the decisions of the company.

While it makes sense to study a company’s institutional ownership data, it also makes sense to study analysts’ sentiments to know which way the wind is blowing. The title is covered by analysts, but it could become even more famous over time.

Insider property of Ataa Educational

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The management of the company is accountable to the board of directors and the board must represent the interests of the shareholders. Notably, sometimes senior executives themselves sit on the board of directors.

Insider ownership is positive when it indicates that executives think like the real owners of the company. However, strong insider ownership can also confer immense power on a small group within the company. This can be negative in certain circumstances.

Our information suggests that insiders have a significant stake in Ataa Educational Company. Insiders have a 535 million yen stake in the 2.7 billion yen company. This may suggest that the founders still own a lot of shares. You can click here to see if they bought or sold.

General public property

The general public, with a 41% stake in the company, will not be easily ignored. While this group cannot necessarily take the lead, it can certainly have a real influence on how the business is run.

Owned by a private company

We note that private companies hold 40% of the issued shares. It is difficult to draw conclusions from this fact alone, so it is worth considering who owns these private companies. Sometimes insiders or other related parties have an interest in shares of a public company through a separate private company.

Next steps:

I find it very interesting to see who exactly owns a company. But to really get an overview, we have to take other information into account as well. Example: we have spotted 2 warning signs for Ataa Educational you must be aware.

But finally it’s the future, not the past, which will determine how well the owners of this business fare. Therefore, we believe it is advisable to take a look at this free report showing whether analysts are predicting a better future.

NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at)

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Rising prices help boost U.S. retail sales in September Fri, 15 Oct 2021 16:18:00 +0000
  • Retail sales rise 0.7% in September
  • Rising prices helped boost revenue
  • Core retail sales increase 0.8%; August revised up slightly

WASHINGTON, Oct. 15 (Reuters) – Retail sales in the United States unexpectedly rose in September, boosted in part by increased revenue at car dealerships due to rising motor vehicle prices, but we is concerned that supply constraints could disrupt the holiday shopping season amid persistent commodity shortages.

Retail sales rose 0.7% last month, the Commerce Department said on Friday. Data for August has been revised up to show that retail sales rose 0.9% instead of 0.7% as previously reported. Sales last month were partly boosted by higher prices, as inflation rose sharply in September.

Economists polled by Reuters predicted retail sales would fall 0.2%. A continuing global shortage of microchips is forcing automakers to cut production, leading to a shortage of inventory in showrooms, raising prices and limiting choice for buyers. Other goods are also scarce due to port congestion due to a labor shortage.

“The strong retail sales report reflects both consumer resilience and escalating prices,” said Sal Guatieri, senior economist at BMO Capital Markets in Toronto. “The main concern now is that supply chain disruptions and microchip shortages appear to be spreading, limiting selection and dampening demand for commodities. “

US President Joe Biden announced on Wednesday that the Port of Los Angeles would join the Port of Long Beach, two of the country’s busiest, to expand its 24-hour operations to unload around 500,000 containers onto offshore freighters. Read more

Spending has shifted to goods and services during the COVID-19 pandemic, straining supply chains. Rotation to services, such as travel and restaurants, has been slowed by a resurgence of coronavirus infections over the summer, driven by the Delta variant.

Retail sales are mainly made up of goods, with services including healthcare, education, travel and hotel accommodation making up the remaining portion of consumer spending. Restaurants and bars are the only category of services in the retail sales report.


In September, auto dealer sales rose a surprising 0.5% after declining 3.3% in August. With unit sales declining, the increase in revenue likely reflected higher prices amid severe shortages. The average price of a new motor vehicle exceeded $ 45,000 for the first time in September, according to a report released this week by Kelley Blue Book, a vehicle valuation and automotive research company in California.

People shop for clothes at a Target chain of stores in Westbury, New York, United States on May 20, 2021. REUTERS / Shannon Stapleton

Online retail sales rose 0.6% after rebounding 5.7% in August. Clothing store sales jumped 1.1%. More workers have returned to the office after the Labor Day vacation and may have needed a new wardrobe after more than a year of working from home due to the pandemic.

Receipts at building supply stores increased 0.1% and those at furniture stores 0.2%. Receipts at sporting goods, hobby, musical instrument and book stores also increased. With the decline in coronavirus infections, the flow of traffic to restaurants and bars increased, increasing sales by 0.3%.

But sales at electronics and appliance stores fell 0.9%.

Excluding autos, gasoline, building materials and food services, retail sales rose 0.8% last month following a revised upward 2.6% gain in August. These so-called basic retail sales correspond most closely to the consumer expenditure component of gross domestic product. They were previously estimated to have jumped 2.5% in August.

Economists estimate that consumer spending, which accounts for more than two-thirds of US economic activity, nearly stagnated in the third quarter after a strong annualized growth rate of 12.0% over the April-June period. Consumer spending growth estimates for the third quarter are around 2.0%.

Weak consumer spending also suggests that GDP growth slowed sharply in the July-September quarter from the 6.7% pace in the second quarter. The Atlanta Federal Reserve predicts that the economy grew at a rate of 1.3% in the last quarter.

The government will release its snapshot of third quarter GDP growth at the end of this month. Part of the expected slowdown in growth reflects the declining stimulus to trillion dollars in pandemic relief from the government.

With sizable savings and a tightening labor market increasing wages, the basis for the economy and for consumer spending is strong. The savings rate rose 10.5% in the second quarter. There were 10.4 million vacancies at the end of August.

“Of course, strong job gains and a high savings rate should provide consumers with an arsenal of funds available for spending after what appears to be a third-quarter hiatus as the Delta variant spreads and payments. fiscal economic impact have faded, ”said Kevin Cummins. , Chief US Economist at NatWest Markets in Stamford, Connecticut.

Reporting by Lucia Mutikani Editing by Chizu Nomiyama and Paul Simao

Our Standards: Thomson Reuters Trust Principles.

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Consumer costs down after soaring oil prices – Consumers review Mon, 11 Oct 2021 21:02:00 +0000

Shares of retailers and other consumer companies fell as soaring oil prices rekindled concerns about stagflation.

Southwest Airlines shares fell after the low-cost carrier canceled hundreds of flights on Monday as a weekend meltdown sparked by bad weather in Florida and air traffic control issues lingered into the week .

Goldman Sachs strategists have said that periods of stagflation such as the current era have historically weighed on the broader stock market and caused a split in the performance of consumer companies.

“During these periods of stagflation, falling profit margins and rising interest rates have reduced the median quarterly real total return of the S&P 500,” brokerage firm Goldman Sachs said in a note to clients. . “The real wealth of households has stagnated. Consumer spending habits have boosted the performance of consumer service firms relative to firms selling goods. ”

Hasbro’s abrupt change in leadership this week leaves the toy company in the hands of lieutenants to navigate sales strategies and supply chain challenges during a pivotal time of the year.

 Write to Rob Curran at 

(END) Dow Jones Newswires

October 11, 2021 17:02 ET (21:02 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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San Francisco Fed’s Daly: Too Early to Say the Labor Market “Stagnates” Sun, 10 Oct 2021 15:57:00 +0000 San Francisco Federal Reserve Chairman Mary Daly poses at the bank’s headquarters in San Francisco, California, United States, July 16, 2019. REUTERS / Ann Saphir / File Photo / File Photo

October 10 (Reuters) – The U.S. labor market will continue to feel the effects of COVID-19, but it is too early to say it is “stagnant,” San Francisco Federal Reserve Chairman Mary Daly said on Sunday .

“There are going to be ups and downs, especially with the Delta variant,” Daly said on CBS’s weekend news show “Face the Nation” when asked about a second consecutive month of disappointing employment growth in September.

“So I think it’s too early to say it’s stagnating, but we certainly see the pain from COVID and the pain from the Delta variant impacting the job market,” she said.

Daly’s comments came after the Labor Department said Friday that only 194,000 new jobs were created last month, less than half the number economists expected in a Reuters poll. As the unemployment rate fell to an 18-month low of 4.8%, it was in part a factor in the departure of the US workforce. Read more

Coupled with an equally disappointing August employment record, recent data has raised concerns that the U.S. economy is taking longer than expected to recoup the remaining 5 million jobs lost due to the pandemic. of coronoviruses, and that factors such as high inflation, sour consumer sentiment and the persistence of COVID-19 will undermine growth.

Daly said she always thought the Delta variant of the coronavirus would create headwinds for the economy, but she doesn’t expect it to trigger a recession.

“I always expected Delta to wreak havoc, but not plunge us into another recession, and we are seeing that toll,” she said. “We see it disrupting families, disrupting education, disrupting people’s ability to get to work and feel safe.”

“Delta has taken its toll, but it hasn’t derailed us yet,” Daly said. “As COVID goes, so does the economy.”

Asked about inflation, Daly said the price pressures American consumers face are “painful” but are directly linked to COVID-19 and are unlikely to persist. This echoes his previous assessments and those of many other Fed officials that the current surge in high inflation is ‘transient’, even though it has extended further than most policymakers initially had. planned.

“Everyone is feeling the rising prices of energy, food, basic services, and it’s painful because we’re not used to seeing it,” Daly said. “It’s mind-blowing in some categories.”

“We have these consumers who are really eager to go out and spend that are hitting the wall of supply constraints, and of course the prices are going to go up,” Daly said. “But I don’t see it as a long-term phenomenon.”

Daly and other Fed officials are discussing when and how to start removing the extraordinary support they provided to the economy during the pandemic. Even with Friday’s payroll report, Fed officials are still expected to pursue the first step of that pullout as of their next meeting in early November. Read more

Reporting by Dan Burns, edited by Rosalba O’Brien and Chizu Nomiyama

Our Standards: The Thomson Reuters Trust Principles.

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ProShares – ProShares Ultra Consumer Services (UCC) drops 1.37% to close at $ 101.26 on October 8 Sat, 09 Oct 2021 01:42:00 +0000

ProShares Trust – Shares of ProShares Ultra Consumer Services (NYSE: UCC) fell 1.37%, or $ 1.4085 per share, to close at $ 101.26 on Friday. After opening the day at $ 102.91, shares of ProShares – ProShares Ultra Consumer Services have fluctuated between $ 103.09 and $ 101.26. 400 shares traded hands, down from their 30-day average of 3,568. Friday’s activity brought the market cap of ProShares – ProShares Ultra Consumer Services to $ 35,440,300.

Visit the ProShares Trust Profile – ProShares Ultra Consumer Services for more information.

The daily solution

Nissan Motor Co Ltd (OTC: NSANY) will suspend production at two Mexican factories for several days this month due to the continued shortage of semiconductor chips.

Home Depot Inc (NYSE: HD) is partnering with Walmart Inc (NYSE: WMT) to provide same-day and next-day deliveries of tools, paint and other online shopping to customer doors.

Pfizer Inc (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced Thursday that they have asked the United States Food and Drug Administration (FDA) to extend emergency use authorization for their COVID-vaccine. 19 to cover children aged five to 11.

About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value with more than $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about ProShares Trust – ProShares Ultra Consumer Services and keep up with the latest company updates, you can visit the company profile page here: ProShares Trust – ProShares Ultra Consumer Services Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

The views and opinions expressed in this article are those of the authors and do not represent the views of Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit:

United Airlines to expand December schedule to 3,500 daily domestic flights

Moody’s sees long-term economic benefit from fuller racial integration

IBM makes COVID-19 vaccine mandatory for all U.S. employees by December 8

Pfizer-BioNTech Calls on FDA to Clear COVID-19 Vaccine for Children 5-11 Years of Age

Home Depot signs up for Walmart’s GoLocal delivery service

Nissan institutes work stoppages in Mexico for part of October

Leak of ‘Pandora Papers’ Reveals How World Leaders and Billionaires Protect the Assets of Tax Collectors

New factory orders rise 1.2% in August, more than expected

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Commissioner Nikki Fried Releases COVID-19 School Data Blocked by DeSantis Administration / Press Releases 2021 / Press Releases / News and Events / Home Thu, 07 Oct 2021 13:07:24 +0000

Tallahassee, Florida. – Today, Nikki, Florida Agriculture Commissioner Fried, an independent member of the Florida Cabinet, held a virtual press conference to release and discuss the school district’s COVID-19 data that Gov. Ron DeSantis’ administration has worked to block. These data clearly show that school districts requiring masks have resulted in up to seven times fewer COVID-19 cases per capita than school districts that did not require masks. Commissioner Fried released the data ahead of today’s Board of Education meeting, which will determine the sanction for eleven Florida school districts requiring masks.

August 12, Florida Department of Agriculture and Consumer Services The public record has requested COVID-19 data from the Florida Department of Health, including daily cases, deaths, and hospitalizations for each Florida county and age, as well as intensive care capacity. Almost two months later, these public records have not been provided; Commissioner Fried therefore instructed his department to compile and analyze all publicly available COVID-19 data from school districts, so the public can find out how COVID-19 has impacted Florida schools and the effects of the policies of wearing masks.

Data and sources can be viewed here. Key findings from the data include:

  • Three times less cases of COVID-19 students per capita in school districts starting the school year with mask requirements (Alachua, Broward, Miami-Dade) than school districts without a mask requirement
  • School districts with promulgated mask requirements at all times had just half COVID-19 student cases as school districts without a mask requirement
  • Four times higher peaks of COVID-19 cases per capita in school districts without a mask requirement than in school districts requiring masks
  • Seven times higher peaks of COVID-19 student cases per capita in smaller school districts, with no mask requirement, than in larger school districts, where masks were required
  • 600 times higher peak per capita cases in Unmasked Highland County (12 cases per capita) than in Masked Counties Miami-Dade and Broward (0.02 cases per capita)
  • 0.69 peak cases per capita in school districts requiring masks; 0.98 peak cases per capita in school districts with parental removal of masks; 2.90 peak cases per capita in school districts without a mask requirement
  • The five largest school districts had an average 0.48 peak cases per capita, while five smaller school districts had 3.51 peak cases per capita

“For months, Governor DeSantis has struggled to undermine the masks in the fight against COVID-19, releasing misinformation about the so-called ‘forced masking’ every moment, despite almost all experts agreeing that the masks work. When brave locally elected principals dared to challenge the governor and demand masks in schools, his petty response was to fund our school districts. Because his administration refused to provide the COVID-19 data I requested months ago, I asked my staff to compile all publicly available COVID-19 school data. These data clearly show the truth: the governor is lying about masks in schools, ”said Commissioner Fried. “Every time you look at the data, kids were better off in schools that required masks than those that didn’t. School districts that did nothing suffered four times as many COVID-19 cases as school districts that demanded masks, in direct contradiction to the governor’s misinformation. I stand with students, parents, teachers and President Biden in supporting our school districts who have taken action to keep children healthy, make parents work, and keep communities safe. “

VIDEO: A live broadcast of today’s press conference can be viewed here on Facebook Live.

Click to view COVID-19 school data graphs

Background: Despite strong criticism from parents, teachers and public health experts, Governor Ron DeSantis issued an executive order banning local school districts from implementing temporary mask requirements in schools as Florida once again became the epicenter Country’s COVID-19. As state and federal lawsuits continue at taxpayer expense over DeSantis’ deceptive executive order, including alleged violations of federal disability laws, its Department of Education has taken the unprecedented step of funding a school district that has passed a mask requirement, and will meet today to consider funding nearly a dozen additional school districts. After President Biden intervened on behalf of teachers and school districts, DeSantis doubled down by threatening to fund more school districts that accept federal aid. The White House and federal officials have criticized DeSantis’ funding of schools, calling its actions “an abdication of the duty of state leaders to protect our children.” This week, the DeSantis administration faced fresh criticism that Florida is the only state not to submit plans for more than $ 2 billion in federal school funding from the US bailout.

Methodology: School districts in Florida’s 67 counties were asked about publicly available COVID-19 data dashboards. 33 school districts have publicly available COVID-19 data dashboards that publish aggregated case data, on a weekly basis, not just one day / week data, for all active weeks of the year school 2021-2022. Per capita cases are calculated as the total number of cases up to the week of September 20 divided by the total number of enrollments in the school district. The maximum number of cases per capita is the maximum number of weekly cases divided by the total number of enrollments in the school district. All data is typically week to week and is dependent on the school district’s data release schedule. School district enrollment data is reported by the Florida Department of Education. County population data is from the Florida Association of Counties.


]]> 0 Keypath Education International, Inc. (ASX: KED): is it close to breaking even? Thu, 07 Oct 2021 01:53:52 +0000

We think now is the right time to analyze Keypath Education International, Inc. (ASX: KED) because it looks like the company is on the cusp of a huge accomplishment. Keypath Education International, Inc. designs, develops and delivers career relevant online education solutions in North America, Australia, Malaysia, UK and overseas. On June 30, 2021, the company with a market capitalization of AU $ 583 million recorded a loss of US $ 79 million for its most recent financial year. Many investors wonder about Keypath Education International’s rate of profit, the big question being “when does the company break even?” We’ve put together a brief rundown of industry analysts’ expectations for the company, its breakeven year, and its implied growth rate.

Check out our latest review for Keypath Education International

According to some industry analysts covering Keypath Education International, the breakeven point is near. They predict that the company will experience a terminal loss in 2023, before generating positive profits of US $ 5.8 million in 2024. The company is therefore expected to break even in about 3 years. How fast will the company have to grow from one year to the next to reach equilibrium on that date? Using a line of best fit, we calculated an average annual growth rate of 92%, indicating a high level of analyst confidence. If this rate turns out to be too aggressive, the company could become profitable much later than analysts predict.

ASX Earnings Per Share Growth: KED October 7, 2021

Since this is a high-level overview, we will not go into details of Keypath Education International’s upcoming projects, however, keep in mind that a high predicted growth rate is not expected. is generally not unusual for a company that is currently going through a period of investment.

Before concluding, there is one aspect that deserves to be mentioned. Keypath Education International currently has no debt on its balance sheet, which is quite unusual for a growing cash-intensive business, which typically has a high level of debt to equity. The company currently operates solely on financing from its shareholders and has no debt, reducing concerns about repayments and making it a less risky investment.

Next steps:

There are key fundamentals of Keypath Education International that are not covered in this article, but we must again stress that this is only a basic overview. For a more comprehensive overview of Keypath Education International, check out Keypath Education International’s company page on Simply Wall St. We have also put together a list of key aspects you should take a closer look at:

  1. Historical review: How has Keypath Education International performed in the past? Go deeper into the background analysis and take a look at the free visual representations of our analysis for clarity.
  2. Management team: An experienced management team at the helm increases our confidence in the company – look at who sits on the board of Keypath Education International and the CEO’s background.
  3. Other high performing stocks: Are there other stocks that offer better prospects with a proven track record? Check out our free list of these great stocks here.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at)

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ChrysCapital acquires ResultsCX from One Equity Partners Wed, 06 Oct 2021 13:56:33 +0000

ResultsCX, a leading customer experience partner for Fortune-100 and Fortune-500 companies globally, today announced the change of its ownership from One Equity Partners to ChrysCapital. ChrysCapital is a leading private equity advisory firm with a successful track record of investing in technology services, financial services, pharmaceuticals, and consumer services. One Equity Partners (“OEP”) is a mid-sized private equity firm focused on the industrial, healthcare and technology sectors in North America and Europe.

Marketing Technology News: Irish Life chooses intelligent document automation in Ushur …

Based in Fort Lauderdale, Florida, ResultsCX provides customer support, acquisition, enrollment, retention, member support, technical support and transaction processing services to healthcare companies. , telecommunications and cable, media and retail. With approximately 20,000 employees and 25 delivery centers around the world, ResultsCX delivers a complete, omnichannel, resolution-centric customer experience.

Over the past few years, ResultsCX has made significant investments in AI and digital customer experience solutions. The company’s commitment to resolution-centric customer experience is upheld through its SupportPredict digital engagement platform, trained agents, and social experience management solutions that empower brands to control their online reputation. and retain their customers.

Akshat Babbar, Director of ChrysCapital, said: “Digital transformation is forcing companies to change their business models and expand beyond traditional channels to adopt an omnichannel service approach. With its strategic approach to artificial intelligence and human intelligence and comprehensive offerings based on digital and social media, ResultsCX is well positioned to capitalize on this change. We are confident that the company will benefit from the association of ChrysCapital given the rich expertise and relevant experience of the company and we are delighted to partner with the ResultsCX leadership team to significantly accelerate the growth trajectory. future. “

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“Our new property offers ResultsCX the opportunity to expand our global presence and increase investments in emerging technologies for our clients,” said Chad Carlson, CEO of ResultsCX. “ResultsCX will benefit from ChrysCapital’s extensive experience in the technology sector. Additionally, the company’s established global network and ability to deploy additional capital to support our business makes ChrysCapital an ideal partner for ResultsCX.

“Success in the BPO industry still relies heavily on people. We are grateful that we were able to partner with Chad Carlson and his leadership team as they guided the company through the difficult time of COVID and quickly re-accelerated ResultsCX’s growth trajectory. ResultsCX’s commitment to innovation, its focus on creating a stable and attractive work environment, reducing employee attrition and our endless commitment to providing quality and efficient customer service positions the company for a continued success, ”said Greg Belinfanti, Senior Managing Director, OEP.

Sidley Austin served as legal counsel for ChrysCapital and KPMG as financial and tax advisor. Dechert has served as legal counsel for ResultsCX and OEP.

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Stocks are going up on Wall Street, led by tech, banks; oil nearly $ 79 Tue, 05 Oct 2021 20:34:09 +0000

Tech companies and banks led stocks higher on Wall Street on Tuesday, erasing most of the market’s losses following a wide sell-off the day before.

The rally, which lost momentum in the last hour of trading, left the S&P 500 up 1.1%. About 73% of the companies in the benchmark rose.

Tech stocks did the heavy lifting for the broader market, which helped push the Nasdaq up 1.3%, its biggest gain since August 23. Chipmaker Nvidia rose 3.6% and Microsoft 2%.

Communications actions also made solid gains after losing ground the day before. Netflix grew 5.2%. Utilities and real estate stocks were the only ones lagging behind the S&P 500.

The gains mark a reversal in the overall market trajectory in recent weeks. The S&P 500 fell 4.8% in September, its first monthly decline since January. After steadily losing ground since reaching an all-time high on September 2, the index slipped below its 100-day moving average of 4,354 on Tuesday. This sends a signal to traders that the index has reached “A good level of support for stocks to trade higher,” said Terry Sandven, chief equity strategist at US Bank Wealth Management.

“Today’s activity is mostly in response to the weakness we’ve experienced over the past 10 days or so,” he said.

The S&P 500 gained 45.26 points to 4,345.72. The Dow Jones Industrial Average added 311.75 points, or 0.9%, to 34,314.67, and the Nasdaq gained 178.35 points to 14,433.83.

Small business stocks also posted gains. The Russell 2000 Index gained 10.89 points, or 0.5%, to 2,228.36.

Bond yields have gained ground. The 10-year Treasury rose to 1.53% from 1.49% on Monday night. Rising bond yields have helped banks, which rely on higher yields to charge more lucrative interest on loans. Bank of America rose 2% and Citigroup added 1.7%.

Energy prices continued to rise. US oil rose 1.7% to $ 78.93 a barrel. Natural gas futures jumped 9.5%. Rising energy prices have pushed gasoline prices up steadily. The average price of a gallon of gasoline in the United States is $ 3.20, up more than $ 1 from a year ago, according to AAA.

Rising energy prices helped push up oil company shares. Chevron rose 1.1% and Hess rose 1.6%.

A wide range of businesses focused on consumer services has gained traction following an encouraging update on the service sector, which is the largest part of the US economy. The Institute for Supply Management said the sector continued to grow in September and at a faster pace than economists expected. Chipotle rose 1.4% and Carmax gained 3%.

The market has been choppy for weeks as investors try to assess how the economy will continue its recovery with COVID-19 and the highly contagious delta variant that is dragging down consumer spending and job growth. Inflation concerns have been at the root of much of the up-and-down swings in tech companies and the broader market.

Rising inflation prompted companies from Nike to Sherwin-Williams to moderate their sales forecasts and warn investors that higher costs would hurt financial results. Supply chain disruptions and delays, as well as rising raw material costs, are among the main challenges businesses face as they try to continue to recover from the impact of the pandemic.

Persistent pandemic and global supply chain issues prompted International Monetary Fund to cut forecast for global growth this year.

Yet Wall Street still expects solid corporate profit growth when the third quarter earnings season kicks off later this month. S&P 500 companies are expected to post a 27.7% increase in profits for the July-September quarter from a year earlier, according to FactSet.

“We are now on the doorstep of the third quarter releases, which we believe will show earnings increasing, and this is a basis for stocks to tend to rise,” Sandven said.

Facebook grew 2.1%. The stock fell nearly 5% on Monday as the company suffered a global outage and faced political fallout after a former employee told “60 Minutes” that the company had always chosen its own interests rather than the public good. Former employee Frances Haugen testified before Congress Tuesday.

European stock markets rose, while Asian markets were mostly down.

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