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Canadian National (CNI) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2025-07-16 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...
3 Transport-Service Stocks Showing Promise Despite Industry Headwinds
ZACKS· 2025-07-16 16:26
Industry Overview - The Zacks Transportation-Services industry is currently facing challenges such as dull freight rates, high inflation, and ongoing supply-chain disruptions, along with tariff-related uncertainties and geopolitical issues [1][4][7] - Companies in this industry provide logistics, leasing, and maintenance services, focusing on global logistics management and third-party logistics solutions [3] Current Trends - Supply-chain disruptions and weak freight rates continue to negatively impact the industry, with the Cass Freight Shipments Index declining by 2.4% year over year in June, marking a deterioration for 11 consecutive months [4] - The industry is experiencing significant inflation, particularly in labor and freight costs, prompting companies to implement cost-cutting measures to improve productivity and efficiency [5] - Despite economic recovery, the industry's earnings outlook is negative, with a 31.2% decrease in earnings estimates for 2025 since August 2024 [10] Financial Performance - The Zacks Transportation-Services industry has underperformed the S&P 500, declining by 12.8% over the past year, while the S&P 500 appreciated by 12.2% [12] - The industry is currently trading at a forward price-to-sales ratio of 1.32X, significantly lower than the S&P 500's 5.26X and the sector's 1.45X [15] Company Highlights - Expeditors International of Washington (EXPD) has a Zacks Rank 2 (Buy) and has consistently beaten earnings estimates by an average of 13.3% over the last four quarters, despite facing weak volumes [17] - C.H. Robinson Worldwide (CHRW) holds a Zacks Rank 3 (Hold) and has surpassed earnings estimates by an average of 14.5% in the past four quarters, with a strong liquidity position [21] - Matson (MATX), also with a Zacks Rank 3, has implemented effective cost-management actions and has beaten earnings estimates in three of the last four quarters, with an average beat of 9.7% [24]
X @Bloomberg
Bloomberg· 2025-07-16 15:25
Company Overview - Via Transportation, a tech company, is restarting its IPO plans [1] - The company initially filed for an IPO in 2021 [1]
Is DraftKings Winning the Customer Acquisition War in Sports Betting?
ZACKS· 2025-07-16 15:11
Core Insights - DraftKings Inc. (DKNG) is outperforming competitors in customer acquisition within the sports betting sector, showcasing strong user growth and retention strategies in Q1 2025 [1][5] Customer Acquisition and Marketing Efficiency - New customer acquisition met expectations, with a notable emphasis on the efficiency of scaling operations, optimizing marketing costs, and benefiting from brand equity and improved promotional targeting [2][4] - The company has achieved better gross margins and EBITDA performance despite facing challenging sports outcomes [2] Product Innovation and Engagement - Over 50% of the total handle in Q1 2025 originated from live betting, marking a significant milestone for DraftKings [3] - Successful integration of acquisitions like SimpleBet and Sports IQ has enhanced real-time wagering capabilities, leading to increased user engagement [3] - There is a notable rise in the adoption of parlay and same-game parlay bets, which are associated with higher structural hold rates [3] Profitability and User Maturity - Despite customer-friendly outcomes reducing actual sportsbook hold to 9.5%, structural hold increased to 10.4%, indicating strengthening profitability [4] - As newly acquired users mature, promotional intensity decreases while contribution profit rises, demonstrating effective management across jurisdictions [4] Competitive Landscape - DraftKings is gaining ground against FanDuel and BetMGM, with recent trends indicating a lead in live betting and product enhancements [6][7] - FanDuel, while still leading in market share, is experiencing pressure as DraftKings narrows the gap through efficient customer acquisition strategies [7] - BetMGM is lagging in sportsbook engagement despite strong iGaming performance, highlighting DraftKings' advantage in product innovation [8] Financial Performance and Valuation - DKNG shares have increased by 30.3% over the past three months, slightly trailing the industry's growth of 31.2% [9] - The company is currently trading at a premium with a forward 12-month price-to-sales ratio of 5.69X [12] - Zacks Consensus Estimates indicate a significant year-over-year earnings growth of 226.7% for 2025 and 61.3% for 2026 [15]
Earnings Preview: CSX (CSX) Q2 Earnings Expected to Decline
ZACKS· 2025-07-16 15:01
CSX (CSX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the o ...
SEGG Media Invests in Veloce Media Group to Accelerate Strategic Expansion in Esports, Motorsports and Immersive Digital Content
Globenewswire· 2025-07-16 14:30
Core Insights - SEGG Media Corporation has announced a strategic investment in Veloce Media Group, aiming to enhance its position in the sports, entertainment, and gaming sectors [1][2][3] Investment Details - The investment values Veloce at £40 million ($53 million USD) pre-money and will be executed in two tranches, allowing SEGG to acquire a majority stake of 51% [2][7] - The first tranche includes a commitment of £2 million ($2.6 million USD) for Veloce's acquisition of Quadrant, with the remainder expected to be completed by the end of July 2025 [7] Company Performance - Veloce Media Group reported £12.8 million ($17.5 million USD) in revenue for the fiscal year ending March 2025, showcasing strong growth potential [4] - The company has established the world's largest racing and gaming media network, achieving over 750 million monthly digital views [4][14] Strategic Focus - SEGG Media's investment is part of a broader buy-and-build strategy aimed at creating immersive sports experiences and next-generation media [2][3] - The company is focusing on motorsport and soccer as key verticals for future growth, leveraging partnerships and content creation to enhance fan engagement [8][9] Market Positioning - The partnership with Veloce positions SEGG Media to tap into a digitally active youth demographic, particularly in regions like Saudi Arabia, which has a significant gaming population [11][12] - Veloce Media Group is recognized for its innovative approach in engaging Gen-Z and millennial audiences through immersive content and competitive platforms [4][10]
SEGG Media Corporation Announces Next Steps in Corporate Transition with Planned CUSIP Number Change to Strengthen Shareholder Protections
Globenewswire· 2025-07-16 12:33
Core Viewpoint - SEGG Media Corporation, formerly known as Lottery.com Inc., is undergoing a corporate transition that includes a CUSIP number change to enhance shareholder protection and market transparency while addressing concerns about illicit trading activities [1][2][3]. Group 1: Corporate Transition - The company has completed its corporate rebrand and is now trading under the ticker symbol 'SEGG' [2]. - The CUSIP change is part of a broader strategy to modernize SEGG's market identity and improve protections against negative trading practices, particularly short selling [2][3]. Group 2: Regulatory Actions - SEGG Media is collaborating with outside counsel to investigate potential illegal market activities, including naked short selling, to protect shareholder interests [3]. - The CUSIP change is seen as a protective measure in response to observed shorting patterns and potentially unlawful activities targeting the company's stock [3]. Group 3: Company Commitment - SEGG Media is committed to safeguarding shareholder value and pursuing an aggressive roadmap focused on acquisitions, innovation, and global expansion in the sports, entertainment, and gaming sectors [3]. Group 4: Company Overview - SEGG Media operates a portfolio of digital assets, including Sports.com and Lottery.com, and is focused on immersive fan engagement, ethical gaming, and AI-driven live experiences [5].
Tarkett once again achieved the EcoVadis platinum medal, confirming its ranking in the top 1% of the most responsible companies
Globenewswire· 2025-07-16 06:45
Core Insights - Tarkett has been awarded the platinum medal by EcoVadis for the second consecutive year, recognizing its leadership in corporate social and environmental responsibility [1] - The company ranks in the top 1% of 130,000 companies assessed by EcoVadis, achieving an overall score of 86/100, which is an improvement from its previous score of 81/100 [2][3] - Tarkett is the only multi-product company in the flooring and sports surfaces sector to achieve this level of rating [2] Sustainability Performance - The EcoVadis assessment evaluates companies based on four key pillars: environment, labor & human rights, ethics, and sustainable procurement [3] - Tarkett's sustainability roadmap for 2030 has been approved by the Science Based Targets initiative (SBTi) in 2023, aligning with its commitment to a low-carbon, circular economy [3][4] - The company has been recognized annually since 2023 in the European Climate Leaders ranking by the Financial Times and Statista, and received an A rating from the Carbon Disclosure Project (CDP) for its climate action, placing it in the top 2% of 24,800 assessed companies [5] Company Overview - Tarkett has over 140 years of history and reported sales of €3.3 billion in 2024 [6] - The company employs nearly 12,000 people and operates 24 R&D centers, 8 recycling centers, and 35 production sites [6] - Tarkett serves customers in over 100 countries, focusing on sustainable solutions for various sectors including healthcare, education, hospitality, and sports [6]
X @Bloomberg
Bloomberg· 2025-07-16 05:12
The NBA has officially begun the process to expand for the first time in more than two decades https://t.co/Qkc3OaIvDo ...
Sport Knows No Borders! Guizhou’s Rural Sports Documentary Our Arena Airs in Mexico
Globenewswire· 2025-07-16 05:03
Core Viewpoint - Guizhou Province is positioning itself as a leading international mountain tourism destination and wellness retreat, leveraging grassroots sports events to enhance cultural exchange and attract global attention [1][2]. Group 1: Promotion of Guizhou - Guizhou has actively promoted itself as a top international mountain tourism destination and a premier wellness retreat within China [1]. - The province's grassroots sports events, such as "Cun Chao" and "Cun BA," have gained nearly 100 billion online views, showcasing their viral popularity [1]. Group 2: International Engagement - Teams and athletes from countries including the US, Mexico, South Africa, Brazil, and Italy have visited Guizhou to participate in friendly matches and experience local culture [1]. - The events provide foreign viewers with a genuine glimpse into Chinese village life, fostering international interest and engagement [2]. Group 3: Cultural Exchange through Media - Mexico's national Channel 11 is airing the documentary series "Our Arena," which highlights the stories of six individuals from Guizhou, aiming to deepen understanding between cultures [2]. - The series emphasizes the themes of dreams, unity, and the transformation of rural China, using sport as a medium for connection [3].