Here's Why Whirlpool Stock Broke Down Today
The Motley Fool· 2025-07-15 19:33
Shares in household appliances company Whirlpool (WHR -5.04%) declined by more than 5.5% by 3 p.m. ET today. Outside a rise in market interest rates (the 10-year Treasury rate is now up to almost 4.5%, putting pressure on interest rate-sensitive stocks like Whirlpool), there's no stock-specific reason for the decline. Whirlpool's challenging 2025 As such, don't be surprised if Whirlpool cuts its dividend this year. That said, it might turn out to be a positive for the stock, as it would help alleviate some ...
CenterPoint Energy continues to monitor Invest 93L in northeastern Gulf
Prnewswire· 2025-07-15 19:33
Core Viewpoint - CenterPoint Energy is actively monitoring a low-pressure system designated as Invest 93L, which is expected to move across Florida towards the Gulf, with potential impacts on the Greater Houston area, including localized flash flooding and heavy rains [1][2][3]. Group 1: Storm Monitoring and Preparedness - The storm is projected to remain weak but may develop into a tropical depression or low-end tropical storm before landfall in Central or Western Louisiana by the end of the week [2]. - CenterPoint's meteorology team indicates a low likelihood of significant storm development, with minimal impacts expected in the Greater Houston area beyond isolated heavy rains [3]. - The company has implemented a summer storm readiness plan, including actions taken since Hurricane Beryl to enhance resiliency in the Greater Houston area [4]. Group 2: Resiliency Improvements - CenterPoint has completed significant resiliency improvements, including the installation of over 26,000 stronger poles, undergrounding more than 400 miles of power lines, and installing over 5,150 automated reliability devices [5]. - The company has cleared over 6,000 miles of high-risk vegetation near power lines and installed more than 100 weather stations to improve storm preparation and situational awareness [5][6]. Group 3: Customer Communication and Safety - CenterPoint encourages customers to sign up for the Power Alert Service to receive updates on outages and restoration efforts [8]. - The company is conducting outreach to critical care customers and providing safety information through various communication channels [5][9]. - Customers are advised to prepare for the storm and can access safety tips in multiple languages [9]. Group 4: Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states and has approximately $44 billion in assets as of March 31, 2025 [11]. - The company has a long history of service, with over 150 years of experience in the utility sector [11].
Verizon or Charter: Which Telecom Stock is the Smarter Investment?
ZACKS· 2025-07-15 19:31
Core Insights - Verizon Communications and Charter Communications are significant competitors in the U.S. telecommunications industry, focusing on fixed broadband, wireless services, and enterprise connectivity [1][2] - The industry is undergoing rapid transformation driven by digital initiatives, cloud adoption, remote work, smart homes, and AI, with government programs like BEAD funding aiding rural connectivity [3] Verizon's Position - Verizon is capitalizing on the demand for its 5G services, recently securing a multibillion-dollar contract for private 5G networks in the UK [4] - The company’s 5G network is supported by extensive spectrum holdings, deep fiber resources, and small cell deployment capabilities, with long-term growth expected from advanced technologies [5] - Verizon plans to acquire Frontier Communications for $20 billion, which will enhance its fiber network by adding 2.2 million fiber subscribers [6] - Despite strong cash flow, Verizon faces competitive pressures from AT&T and others, with a debt-to-cap ratio of 58.5% and a current ratio of 0.61 [7] Charter's Position - Charter is experiencing growth in residential mobile and Internet services, expanding its 5G coverage and investing $7 billion to enhance its fiber infrastructure [8][10] - The company aims to deliver multigigabit Internet services to 1.7 million locations, enhancing its service offerings across several states [10] - Charter's collaboration with governments to improve rural connectivity is a key part of its strategy [9] - However, Charter operates with a high debt burden of $93.6 billion and a debt-to-cap ratio of 82.6%, which may impact its financial flexibility [12] Financial Estimates and Market Performance - The Zacks Consensus Estimate for Verizon's 2025 sales and EPS indicates growth of 1.75% and 1.96%, respectively, while Charter's estimates show 0.33% sales growth and 13.01% EPS growth [13][14] - Over the past six months, Verizon's stock has increased by 7.3%, while Charter's has risen by 11.9% [16] - From a valuation perspective, Verizon appears more attractive with a price/earnings ratio of 8.67 compared to Charter's 9.48 [17] Overall Assessment - Charter has shown steady revenue growth, but Verizon's comprehensive network and focus on service reliability provide a competitive edge [20] - With robust cash flow and a healthy dividend payout ratio, Verizon is currently viewed as a more favorable investment option [20]
GM expands production of gas-powered SUV, trucks in Michigan
CNBC· 2025-07-15 19:25
Group 1 - General Motors (GM) will move production of a gas-powered SUV to Michigan and increase manufacturing of pickup trucks in the state to meet strong customer demand [1][2] - The Cadillac Escalade, Chevrolet Silverado, and GMC Sierra light-duty pickups will begin production at the Orion Assembly plant in early 2027 [2][3] - The Orion Assembly plant is being retooled for gas products, and this move is part of GM's $4 billion investment in U.S. facilities announced in June [4] Group 2 - The Silverado and Sierra trucks will continue to be produced in Fort Wayne, Indiana, while additional production will occur at the Orion Assembly plant due to high demand [3][4] - GM's previous commitment to exclusively offer electric vehicles (EVs) by 2035 has been adjusted due to slower-than-expected customer demand for EVs [5]
Why BlackRock Fell Today
The Motley Fool· 2025-07-15 19:21
Core Insights - BlackRock's shares fell 5.4% following a mixed earnings report, with earnings beating expectations but revenue missing [1][2] - The company reported a revenue growth of 12.7% to $5.42 billion and adjusted earnings per share growth of 16.3% to $12.05, but the revenue figure fell short of Wall Street expectations [2] - A significant redemption of $52 billion from a single institutional client impacted revenue, leading to lower-than-expected net inflows of $68 billion, although profit growth remained strong due to the nature of the redeemed assets [3] Financial Performance - Revenue increased by 12.7% to $5.42 billion in the second quarter, while adjusted non-GAAP earnings per share rose by 16.3% to $12.05, exceeding expectations by $1.23 [2] - The revenue miss was attributed to a large redemption from a low-fee index client, but the company maintained strong profit growth despite this [3] Market Reaction - The decline in BlackRock's stock price is attributed to profit-taking after a nearly 40% recovery since April's lows, with shares trading at around 27 times earnings and a dividend yield just under 2% [5] - The current valuation is considered not overly expensive for a high-quality growth company, but not particularly cheap for a financial stock [6] Strategic Developments - BlackRock's acquisition of Global Infrastructure Partners for $12.5 billion, which closed in October 2024, is expected to contribute to future growth [3]
Circle stock drops after House blocks key procedural vote on legislation
CNBC· 2025-07-15 19:21
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025.Circle shares slid on Tuesday after the U.S. House of Representatives failed to clear a key procedural hurdle that would have teed up votes on long-awaited crypto-related bills.The move dealt a major setback to the digital asset industry, which had cast this week as a turning point for regulatory clarity in Washington, D.C.Circle, the stablecoin issuer that's soared in value since its public mar ...
Tivity Health Appoints Natasha Deckmann as CEO
GlobeNewswire News Room· 2025-07-15 19:18
NASHVILLE, Tenn., July 15, 2025 (GLOBE NEWSWIRE) -- Tivity Health, a leading provider of healthy lifestyle solutions, including SilverSneakers®, Prime® Fitness, and WholeHealth Living®, announced today that Natasha Deckmann, M.D., has been named Chief Executive Officer. Ms. Deckmann is an experienced strategic healthcare operator with over 20 years of leadership across healthcare services, health systems, financial services and consulting. She joined Tivity Health in 2024 as Chief Transformation Officer an ...
Portfolio Update – PEL 79 License Extension
GlobeNewswire News Room· 2025-07-15 19:18
TORONTO, July 15, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following update regarding Petroleum Exploration License 79 (“PEL 79”) which governs blocks 2815 and 2915 located in Namibia’s Orange Basin. The joint venture partners of PEL 79 which include the National Petroleum Corporation of Namibia (Pty) Ltd. (“NAMCOR”) and Giraffe Energy Investments (Pty) Ltd. (“Giraffe”), an entity in which Sintana maintains a 49% ownership ...
CLS vs. JBL: Which EMS Stock is a Better Investment Right Now?
ZACKS· 2025-07-15 19:16
Key Takeaways JBL plans a multi-year $500M investment to expand U.S. AI and cloud data center manufacturing capacity. CLS sees growth in its CCS segment, fueled by strong demand for 400G/800G switches and IoT-edge offerings. Estimates show stronger EPS growth for CLS, while JBL shows rising cash flow and more attractive valuation.Celestica Inc. (CLS) and Jabil Inc. (JBL) are two leading players in the electronics manufacturing services (EMS) industry. Jabil offers electronics design, production, product m ...
Unity Bancorp: Lock In Profit, Run Some House Money
Seeking Alpha· 2025-07-15 19:12
The Pioneer Of Seeking Alpha's BAD BEAT Investing, Quad 7 Capital is a team of 7 analysts with a wide range of experience sharing investment opportunities for nearly 12 years. They are best known for their February 2020 call to sell everything & go short, & have been on average 95% long 5% short since May 2020. The broader company has expertise in business, policy, economics, mathematics, game theory, & the sciences. They share both long & short trades & invest personally in equities they discuss within the ...