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Juventus go off script to leave City searching for their forgotten lines | Nick AmesThe average investor can easily find new investment ideas by following well-known asset managers. One of those managers is Cathie Wood , who heads up Ark Invest, an investment fund that focuses on disruptive and innovative businesses. In the Ark Innovation ETF , the flagship product that the asset manager offers to clients, fintech enterprise Block ( SQ -0.47% ) is a top holding. As of Nov. 21, it's the eighth largest position. Should you buy this top Cathie Wood stock while it trades below $100 per share? Bullish on fintech Cathie Wood and her team at Ark Invest are bullish on numerous technological trends. One of the areas the investment manager is optimistic about is the fintech industry. In particular, the excitement relates to how companies are offering holistic solutions to customers for all their financial services needs. Block falls squarely into this investment theme. Ark Invest believes that in the future, the business' vertically integrated offerings, like digital wallets, bank accounts, and debit cards for consumers, and payroll, working capital, and bill pay for merchants, will result in a powerful and more widely used closed-loop payments system. Block is at the forefront of this trend. Indicative of how much Ark Invest is bullish on the fintech niche, the firm offers the Ark Fintech Innovation ETF , which primarily focuses on these types of businesses. Block is the third largest holding in that fund, making up 6.3% of the assets. Block's positive traits Investors probably appreciate Block's growth potential. Through the first nine months of 2024, the company reported a 20% year-over-year increase in gross profit . Both of the critical segments, Square and Cash App, saw double-digit gains with this key performance metric. On the merchant side, Square processed $59.9 billion in gross payment volume in the three-month period that ended Sept. 30. The segment continues to attract larger sellers. On the consumer side, Cash App now has 57 million monthly active users. Management continues to drive further adoption of the Cash App Card, which can boost spending activity and, ultimately, the revenue and gross profit that Block generates. Like many other tech-enabled companies in recent years, Block has made an effort to streamline its operations and drive greater efficiencies. We're seeing this play out right before our eyes. The business posted $323 million in operating income in the third quarter. That's a massive reversal from the $10 million operating loss reported in the year-ago period. The leadership team upped their full-year 2024 guidance, which now calls for an adjusted operating margin of 18%. In theory, Block's business model should scale up in a profitable manner. Large expense items, like product development and sales and marketing, should constitute a lower percentage of total revenue over time, showcasing operating leverage. Shareholders must pay close attention to this going forward to ensure the strategy is working. Betting on earnings growth Block shares were once some of the best-performing on Wall Street. From the company's initial public offering in November 2015 to the stock's peak in August 2021, the share price skyrocketed more than 2,000% higher. That gain was hard to beat. It's been a totally different story since then. As of this writing on Nov. 21, the stock trades 67% off that all-time high. The market is adopting a more tempered view of the business and its prospects. Investors looking to buy shares must pay a forward price-to-earnings (P/E) ratio of 25.9. That's very reasonable. However, the stock should only be purchased by those who believe the company's top- and bottom-line growth are set to continue at a solid clip. Cathie Wood thinks this will be the case. Based on recent trends, I believe this is a likely outcome as well, which makes the stock look like a compelling buy below $100.Supermicro Shares Soar as It Looks to Avoid Being Delisted. Is Now a Good Time to Buy the Beaten-Down Stock?
A role reversal doomed the No. 22 Xavier Musketeers in their only loss of the season, against Michigan at the Fort Myers Tip-Off on Wednesday. Normally a team that avoids committing turnovers and pressures its opponent into making them, Xavier (6-1) will try to recapture its early-season winning form when it hosts South Carolina State on Sunday in Cincinnati. Through their six wins, the Musketeers had just 58 turnovers while forcing 82 by their opponents. But against the Wolverines, they lost the turnover battle 19-10 and the game 78-53. The Musketeers committed 14 turnovers in the first half and fell behind 41-30. Xavier head coach Sean Miller credited his team for typically playing an up-tempo style while avoiding mistakes, while also acknowledging that the turnover bug really bit them against the Wolverines. "We lost to a really good team; no shame in that," Miller said. "We, on top of that, didn't play well." "And that (avoiding turnovers) is something you (usually) do well? That's going to be hard to overcome against a quality team like Michigan." Leading scorer Ryan Conwell (17.6 points per game) gave the Musketeers a boost with 19 points. Zach Freemantle, second on the team at 15.4 ppg, added 14 points and 10 rebounds. Problematically, however, they also contributed to the turnover problem with three apiece. "We didn't play well enough to win the game," Miller said. "The game got out of hand. It's not like our guys quit. Their depth just continued to wear on us." The Musketeers also get 11 points and a team-high 4.4 assists per game from Dayvion McKnight. The guard had just one turnover against Michigan, but he also made just one of his eight shot attempts. Xavier may have an opportunity get right in the turnover area against the Bulldogs (4-4), who are No. 207 in the NCAA in assist-to-turnover ratio at 1.11. South Carolina State is fresh off an 82-53 road loss to Marshall on Wednesday, in a game in which turnovers weren't a huge problem. But assists and made shots were hard to come by for the Bulldogs. Leading scorer Drayton Jones (12.0 ppg) again paced his team in points with 10 vs. Marshall, but the Bulldogs as a team managed just six assists and shot terribly at the 3-point (18.8 percent) and the free-throw (47.1 percent) lines. Jones is also the team's leading rebounder with 5.1 a game, but no Bulldogs player is averaging more than two assists. It's all part of the learning process for coach Erik Martin, whose first team went 5-26 in 2022-23. The Bulldogs improved to 14-18 last season, including 9-5 in the Mid-Eastern Athletic Conference. "The only way you can grow sometimes is by failure or by struggling," Martin said this offseason. "You have to fail in order to learn how to deal with failure and move on and become the person you're supposed to be." --Field Level Media
Dunlin, a Near Threatened species, spotted during Kerala Bird RaceStock market today: Rising tech stocks pull Wall Street to another record
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Jim Rossman | Tribune News Service Cord cutting used to refer to abandoning pay TV and putting up an antenna to watch free over-the-air TV. Then cord cutting expanded to include streaming services like Netflix and Hulu and individual streaming sources. Related Articles TV and Streaming | Lehigh Valley arts school grad finishes second on ‘The Voice’ TV and Streaming | Best TV of 2024: A modestly better lineup than usual, but why didn’t it feel that way? TV and Streaming | ‘Emilia Pérez’ leads Golden Globe nominations with 10, followed by ‘The Brutalist’ and ‘Conclave’ TV and Streaming | Column: 40 years after it premiered, ‘The Adventures of Sherlock Holmes’ remains one of the best Doyle adaptations TV and Streaming | What to watch: ‘Flow’ and ‘The Order’ are both worth your attention Now we also include streaming bundles, like YouTube TV or Hulu Live or DirecTV Stream. These bundled services mimic cable and satellite service, in that they have hundreds of channels. The ease or complexity of the cord cutting experience depends on how you have things set up. Let’s take a look at some gift options for your favorite cord cutter. As far as I know DirecTV is the only streaming bundle service that offers its own hardware. The Gemini Air is a small dongle that plugs into an HDMI port on your TV. It is paired with a remote control to allow for easy navigation. If you were an AT&T U-Verse TV customer, the Gemini Air/DirecTV Stream experience will be very familiar. The Gemini Air is a rarity in that it has number buttons. DirecTV Stream has the option of turning on channel numbers in the guide. I’ve used DirecTV Stream with my Roku TV and with the Gemini Air and the Air makes navigating the huge list of channels much easier. The Gemini Air runs the Google operating system, so you can see and use all your other streaming services like Netflix, Hulu, Amazon Prime, Max and more. You can also load apps and games from the Google Play store. The Gemini Air connects to your home’s Wi-Fi network, and it can stream 4K content to your TV. The remote control has a microphone so you can use your voice to search or interact with Hey Google’s voice assistant. DirecTV Stream customers can get a free Gemini Air from AT&T with their service. Additional units are available for $120. There are lots of smart TV brands. Some run on the Roku operating system, some run Google TV and some use their own brand of smart TV apps. If you’d like to add Google TV to any set, you can get Google’s new TV Streamer (4K) for just $99 from store.google.com. The small device connects to your TV’s HDMI port. It also can connect to your home’s internet via Wi-Fi or wired Ethernet connection. The Google TV interface is not tied to any specific streaming service. You can use any streaming service or app that’s available on the Google Play store. It features a simple remote with voice control and the Google TV Streamer is also a hub and controller for Matter and Thread home devices that work with Google’s home ecosystem. If you use an over-the-air antenna for watching your free local channels, I’m betting you’d like the option to record those channels. TiVo used to be the best/easiest way to record OTA TV, but they’ve discontinued their OTA recorders. A great alternative is from TabloTV, which is a small box that you connect to your TV antenna. The TabloTV does not directly connect to your TV. Instead it connects to your home’s Wi-Fi, and the antenna signal is wirelessly sent to any TV or compatible device in your home. Your TV picks up the signal through a free app, which is compatible with smart TV brands like Samsung, LG, Google TV, Roku, Apple TV, Amazon Fire TV or Android TV. This method is extremely handy if you don’t want to be bothered running an antenna wire from your attic or roof all the way to your TV. It’s also great if you want to use an indoor antenna, but your TV is not situated in a room that faces the broadcast towers. You can place the antenna and TabloTV where you get the best reception. The TabloTV comes in two models – with either two or four tuners. This means you can record or watch two or four shows at a time. TabloTV has onboard storage to record up to 50 hours of shows, but you can plug in any USB hard drive and expand to record thousands of hours of programming. You can also bundle a TabloTV with an OTA antenna if you like, or you can use your own antenna. Two things to know, there are no ongoing subscription costs for guide data, and there is no streaming service integration. You will need another way to add in streaming services like Netflix and Hulu. TabloTV models start at $99.95 for the two tuner model at tablotv.com. The four-tuner model is $139.95, but they may be on sale during the holidays. ©2024 Tribune Content Agency, LLC.
Political commentator Ori Goldberg talks about why, despite Israel’s internal unrest, many Israelis support Prime Minister Benjamin Netanyahu’s policies in the Gaza war.
No. 22 Xavier faces South Carolina St., eyes rebound from lone lossRaiders coach Antonio Pierce on final play vs. Chiefs: ‘We heard a whistle on our sideline’Magnite Promotes Sean Buckley to President, Revenue and Katie Evans to President, Operations
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