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Is the Options Market Predicting a Spike in Crown Holdings (CCK) Stock?
ZACKS· 2024-09-05 13:40
Investors in Crown Holdings, Inc. (CCK) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $95 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could als ...
Altair Announces Crown Point Technologies as U.S. and Europe Data Analytics and AI Reseller
Prnewswire· 2024-09-05 11:00
TROY, Mich., Sept. 5, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is excited to announce that Crown Point Technologies, a company specializing in technology solutions for the government and healthcare sectors, has been named an official reseller for the U.S. and Europe regions. This partnership will focus on bringing the capabilities of the Altair® RapidMiner® data analytics and artificial intelligence (AI) platform to a broader range of clients. Altair has ann ...
Realty Income: Still A Crown Jewel Of The REIT Kingdom?
Seeking Alpha· 2024-09-04 19:00
Core Viewpoint - The REIT sector offers diverse investment opportunities, with Realty Income Corporation (O) being a standout in the single-tenant, retail/service-oriented properties segment due to its size and track record [1]. Business Metrics - Realty Income owns 15,450 properties as of June 30, 2024, making it the largest player in the retail sector [5]. - The company has a weighted average lease term (WALT) that reflects a strong negotiating position, although its investment activity has led to a gradual decrease in the investment-grade (IG) tenants' share in its annualized base rent (ABR) from 50.5% before Q4 2020 to a lower percentage now [5]. - Realty Income's top tenant accounts for only 3.4% of its ABR, and the top 10 tenants account for 23.9%, indicating strong tenant diversification [5]. - The occupancy rate for Realty Income is 98.8%, which, while above its historical median, is lower than peers like Agree Realty Corporation (ADC) and Essential Properties Realty Trust, Inc. (EPRT) [5]. Credit Metrics - Realty Income has an A- credit rating, with a fixed charge coverage ratio of 4.7x and 93.7% of its debt being fixed-rate, which mitigates the impact of high-interest rates [6]. - The weighted average debt maturity term for Realty Income is 5.6 years, which is shorter compared to peers like ADC and NNN [8]. Investment Spreads - Realty Income's cost of equity is 6.8%, cost of debt is 4.9%, and it has a cap rate of 7.9%, resulting in a spread of 1.7% [12]. - When factoring in free cash flow, Realty Income's retained cash flow available for investment is 667.9 million, with an investment volume of 1,403.8 million, leading to a free cash flow to investment volume ratio of 47.6% [14]. Valuation Outlook - Realty Income is considered fairly valued in the 14x - 15x P/FFO range, with potential for multiple appreciation if interest rate cuts occur [18]. - The company is viewed as a "Crown Jewel" in the portfolio, with a solid balance sheet and a history of substantial shareholder rewards [24]. Alternative Investments - The analysis includes alternative investments such as Agree Realty Corporation (ADC), Prologis (PLD), and VICI Properties Inc. (VICI), which have shown higher total returns compared to Realty Income [25][26][27].
Crown Holdings (CCK)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2024-09-04 14:57
After reaching an important support level, Crown Holdings, Inc. (CCK) could be a good stock pick from a technical perspective. CCK recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the ...
Crown Royal Unveils the Crown Royal Rig - Driving Generosity Nationwide with An Epic Tailgate on Wheels This NFL Season
Prnewswire· 2024-09-04 14:00
Crown Royal Invites NFL Fans to Join Legendary Tailgate Tour and Announces Sweepstakes for a Chance to Win Super Bowl LIX Tickets NEW YORK, Sept. 4, 2024 /PRNewswire/ -- Award-winning Canadian whisky brand, Crown Royal, proudly returns for a fourth year as the Official Whisky Sponsor of the NFL with its 'Kick Off with Crown' (KOWC) program to launch the Crown Royal Rig. This season, the Crown Royal Rig, a larger-than-life 18-wheeler, will tour NFL stadiums and American cities to spread generosity with an ep ...
Here's Why Crown Holdings (CCK) is a Strong Momentum Stock
ZACKS· 2024-08-30 14:50
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are ...
CROWN HOLDINGS ANNOUNCES INTENTION TO TRANSFER $740 MILLION IN US PENSION PLAN OBLIGATIONS
Prnewswire· 2024-08-30 12:55
TAMPA, Fla., Aug. 30, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) announced that it has entered into an agreement to purchase a group annuity contract from Massachusetts Mutual Life Insurance Company (MassMutual) to fully guarantee benefits covered under the contract for nearly all of the retirees and deferred vested participants in its primary US defined benefit plans. The transaction provides a policy which covers the benefits for approximately 12,000 participants. "We are carefully movi ...
Why Crown Holdings (CCK) is a Top Value Stock for the Long-Term
ZACKS· 2024-08-29 14:41
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Score ...
Crown Castle to Present at the Goldman Sachs 2024 Communacopia & Technology Conference
GlobeNewswire News Room· 2024-08-28 20:15
HOUSTON, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle's Executive Vice President and Chief Financial Officer is scheduled to present on Tuesday, September 10, 2024 at 10:30 a.m. Eastern Time at the Goldman Sachs 2024 Communacopia & Technology Conference. The presentation will be broadcast live over the Internet and is expected to last approximately 40 minutes. The live audio webcast link and presentation for the conference ...
Talent Solutions Achieves Triple Crown: Named RPO Leader in North America, EMEA, and Asia Pacific by Everest Group
Prnewswire· 2024-08-26 13:31
"Our global expertise demonstrated in this Everest award showcases our ability to deliver tailored workforce solutions in diverse labor markets," said Becky Frankiewicz, ManpowerGroup Chief Commercial Officer, President, North America Region, and Talent Solutions Global Brand Leader. "This recognition reflects our commitment to driving competitive advantage for our clients through integrated solutions, advanced technologies, and data-driven insights. Thank you to our talented teams who continue to be invalu ...