Investing Port RSS Feed All the latest news from Investing Port https://www.investingport.com The stock market sold off in September... October is here and the Dow is down for the third straight day Investor's portfolio is getting crushed lately as the stock market continues to give up all gains year to date. September 2021 was a rough month for majority of investors, even the big money managers are feeling the heat with the market selling off at a very fast pace. In the month of September, the S and P 500 was down over 4 percent, and it continues to go down this month. According to data reaching us at Investingport, the Dow Jones lost about 117.72 points while the S&P 500 was down 0.2 percent. Also, the Nasdaq was down 0.1 percent making it the 3rd straight day that the Dow has been down.What is next? ]]> Tue, 12 Oct 2021 17:38:36 EST https://www.investingport.com/the-stock-market-sold-off-in-september-october-is-here-and-the-dow-is-down-for-the-third-straight-day/ https://www.investingport.com/the-stock-market-sold-off-in-september-october-is-here-and-the-dow-is-down-for-the-third-straight-day/ Magic Formula Investing is picking up again The Magic Formula stock is gaining form right now and it may be a spot to turn to as investors are scrambling to find value in this currently overpriced market. If you are investing and care about your result, that means you need to focus on you yearly return compared to the Dow or the S&P 500. So far this year, the S&P 500 has returned 17.56 percent year to date. With only a few days left, money managers and other do it yourself stock investors will be scrambling to see where to unlock value so they could report a good news to their investors. With many stocks at the highest price possible, the market is bound to crash a little as we are seeing right now. For the month of September 2021, the S and P is down by 4.2 percent. For investors that are already doing worse than the S and P, this means that they'll have to find other ways to beat the market this year. We think, value investing along with the Magic Formula stocks may be the way to go to end the investing year 2021 on a positive note as people are reporting that the Magic Formula is working again. Note: the formula didn't do well in the past few years. This is just our take, please do your due diligence before investing or purchase any stocks. ]]> Thu, 30 Sep 2021 18:17:53 EST https://www.investingport.com/magic-formula-investing-is-picking-up-again/ https://www.investingport.com/magic-formula-investing-is-picking-up-again/ What to do when the Stock market is selling off At investingport, we pride ourselves in helping the home gamers to decide on what to do when the stock market is selling off. Whenever any investment portfolio turns red, comes the panic, and it leads to panic stock selling. This means that the investors rush to dump their stocks with the hope that they'll wait until things get better before buying again. Things getting better means the stock market bouncing back and turning green, at this point, most of the losses are already made back and the investors end up buying at a very high price. We'll like to use this opportunity to remind people that the best way to make money in the stock market is to buy when everyone is panicking and selling and then sell some stocks, meaning take some profit when the thing gets better. More importantly, make sure your portfolio is diversified. What is happening on the stock exchange todayThe tech stocks are downThe dow is down by 471 points What we are doing or what investors should be doing right now is to look to buy more of any good stocks in their portfolio that hs become cheaper as the result of the current selloff. Double down and make more when the market settles and turns green.The reasons why this stock is tanking People taking profits The debt ceiling and the risk of the USA defaulting The covid pandemic impact on the workforce ]]> Tue, 28 Sep 2021 11:51:34 EST https://www.investingport.com/what-to-do-when-the-stock-market-is-selling-off/ https://www.investingport.com/what-to-do-when-the-stock-market-is-selling-off/ Millionaire Rick Ross gave his son a WingStop franchise Rick Ross is an African American rapper and business man. He made a name for himself after releasing his Rap album titled Port of Miami. The Rapper has since acquired a lot of wealth and is using his money wisely to build an empire for his family. Ross’ son’s name is William L. Roberts lll, he was named after his Dad William Leonard Roberts II. William Leonard Roberts III’s birthday is on September 14, 2021 and his dad gave him a WingStop franchise on that day. His dad wrote “ Everyone wish my son @mmgbigbank HAPPY 16th BIRTHDAY !!! Today he became the owner of his 1st @wingstop franchise. Your now officially a BOSS !!! Keep Going.” On his Instagram page. View this post on Instagram A post shared by Biggest Boss Rick Ross (@richforever) To invest in WingStop Franchise, it can cost up to $1.2 million. See the cost breakdown below. Rick Ross owns many WingStop franchise and he is a big part of the company. He enjoys helping them to promote the franchise and he is a successful black millionaire who is make sure that his children are well positioned for greatness. He is setting them up for success early in life buy giving them businesses that they’ll be responsible for. Rapper Rick Ross has 4 children, Tole Roberts, Berkeley Hermes Roberts, William Roberts III, and Billion Leonard Roberts. He is a single father who takes good care of his family and a lot of Rappers that came up under him are equally as successful.]]> Wed, 15 Sep 2021 11:56:44 EST https://www.investingport.com/millionaire-rick-ross-gave-his-son-a-wingstop-franchise/ https://www.investingport.com/millionaire-rick-ross-gave-his-son-a-wingstop-franchise/ Peloton is going into the apparel business to compete with Lululemon Peloton Inc started as a fitness business, the company is focused on providing workout classes to people in the comfort of their homes. Users can either pay for the application access only and they can join the workout classes virtually via their phone from home. Another option is, they can order a treadmill or a peloton bike and have full access to all the functions on the app. Peloton membership fee pricesPeloton treadmill price ranges from $2,495 to $3,065 depending on addons like lightweights, strength band, mat, etc.Peloton App pricePeloton digital app prices cost $12.99 per month plus tax for the app only, for bike and thread owners, the peloton app includes all access membership costs $39 per month.As a public company, Peloton needed to find more ways to generate income so they could remain valuable and return value to investors. Peloton has decided to venture into the apparel market as they try to compete with Lululemon for market share.Peloton share jumped by 6.83% soon the news broke out. PTON stock is now selling for $114 per share. Lululemon is the biggest company that focuses on flexible and wearable fitness clothes, the company has become so successful with it that its stock rose from $13.50 to $425.58 per share. Lululemon stock symbol is LULU. If Peloton follows the same step, they can diversify their business and it can later result in a much higher stock price in the near future.]]> Fri, 10 Sep 2021 20:27:26 EST https://www.investingport.com/peloton-is-going-into-the-apparel-business-to-compete-with-lululemon/ https://www.investingport.com/peloton-is-going-into-the-apparel-business-to-compete-with-lululemon/ NNPC TO GO PUBLIC IN 2024 The Petroleum Industry Act establishes the Nigerian National Petroleum Company Limited, which would replace The Nigerian National Petroleum Corporation established in the 70s. This means the corporation will be incorporated under the Companies and Allied Matters Act (CAMA), as a limited liability company. The implication is that the incorporated company will function as a traditional corporate business, that has the aim of profit-making, and the right to issue shares.Mele Kyari who currently heads the corporation in an interview made it known, that the company will issue its IPO in three years from now (2024).Initial Public Offering (IPO) is a process where a company issues its shares for the first time to the public for investing. Thus, the corporation is saying that investors can begin to own a stake in the company from 2024.NNPC going public implies that an average Nigerian could own a stake in the company by investing in the company’s shares.NNPC’s shares are excepted to be listed on the Nigerian Exchange Group and also boost the Nigerian capital market. According to the act that established The Nigerian National Petroleum Company Limited, 20% of the company’s profit is to be reinvested to the company as retained earnings while 80% of the profit is to be distributed to shareholders as dividends. This suggests that dividend-seeking investors could find the company’s shares attractive. It is also good to know that dividend is a function of the profitability of a company, NNPC announced a profit for the 2020 financial year, it first-ever since it was established in the 70s, and this could be one of the major concerns of prospective investors.NNPC intends to purchase a 20% stake in the ongoing Dangote’s refinery, which means a percentage of its income will be generated from the operations of the refinery, and automatically gives shareholders of NNPC’s a certain percentage stake in the refinery.The investment community is looking forward to the official issuing of NNPC’s IPO. However, investment decision requires due diligence and its advised informed investment decisions should be made.]]> Fri, 10 Sep 2021 19:46:04 EST https://www.investingport.com/nnpc-to-go-public-in-2024/ https://www.investingport.com/nnpc-to-go-public-in-2024/ Lululemon jumps higher after earning report Lululemon reported its earning last night and it seems like investors are on board with the company’s business story and earning numbers that came in. The company’s shares LULU is trading at $427 per share, at a 21% increase year to date, and just a bit shy of its 52 weeks high. Chief Executive Calvin McDonald added that Lululemon would be performing “even stronger,” if it weren’t for the supply chain headaches facing the retail industry today.“Sales in the quarter probably could have been even stronger if we weren’t having to face some of those disruptions,” the CEO said during an interview Thursday morning with CNBC’s “Squawk Box.” Telsey Advisory Group also raised its price target on Lululemon stock to $485 from $460. The average price target for Lululemon’s stock is now $434.20, according to FactSet. Lululemon Athletica Inc. Announces Second Quarter Fiscal 2021 Results For the second quarter of 2021, compared to the second quarter of 2020:Net revenue increased 61% to $1.5 billion. On a constant dollar basis, net revenue increased 56%.Company-operated stores net revenue increased 142% to $695.1 million.Direct to consumer net revenue increased 8% to $597.4 million. On a constant dollar basis, direct to consumer net revenue increased 4%.Net revenue increased 63% in North America, and increased 49% internationally.Direct to consumer net revenue represented 41.2% of total net revenue compared to 61.4% for the second quarter of 2020.Gross profit increased 72% to $842.7 million and gross margin increased 390 basis points to 58.1%.Income from operations increased 134% to $291.0 million. Adjusted income from operations increased 120% to $299.2 million.Operating margin increased 630 basis points to 20.1%. Adjusted operating margin increased 560 basis points to 20.6%.Income tax expense increased 123% to $83.1 million. The effective tax rate for the second quarter of 2021 was 28.5% compared to 30.0% for the second quarter of 2020. The adjusted effective tax rate was 27.9% for the second quarter of 2021 compared to 28.9% for the second quarter of 2020.Diluted earnings per share were $1.59 compared to $0.66 in the second quarter of 2020. Adjusted diluted earnings per share were $1.65 compared to $0.74 in the second quarter of 2020.The Company repurchased 0.5 million shares of its own common stock at an average price of $338.41 per share for a total cost of $171.1 million.The Company opened 11 new company-operated stores during the second quarter, ending with 534 stores.]]> Thu, 09 Sep 2021 12:03:51 EST https://www.investingport.com/lululemon-jumps-higher-after-earning-report/ https://www.investingport.com/lululemon-jumps-higher-after-earning-report/ POSSIBLE RETURN OF GAMESTOP IN THE S&P 500 INDEX Standard & Poor’s 500 index popularly known as S&P 500 index is an index in the US stock market that consists of the 500 largest quoted companies by market capitalization in the US. That’s companies whose shares are publicly traded in the stock market. This index is one of the highest tracked indexes in the world.For a company to be deemed eligible to be included in the index, they are required to meet some minimum requirements, some of which are; be highly liquid, has a market capitalization of at least $13.8 billion, public float of at least 10% of its shares, most recent quarters’ earnings must be positive and the sum of the four preceding quarters.GameStop is an American company that deals in video games, gaming merchandise retailing, and consumer electronics. Gamestop was dropped from the S&P 500 index in 2016. As of the close of the market on Wednesday, September 1, 2021, Gamestop had a market capitalization of $15.841 billion which is above the minimum capitalization required to be eligible for inclusion in the S&P 500 index. Gamestop is highly liquid based on the number of its shares traded in the last six months.However, Gamestop reported a loss for the first quarter in 2021, as well as the first three quarters in the preceding year. The loss recorded for these quarters makes the company fall short of one of the requirements needed to be eligible to be in the S&P 500 index.Committee members of the S&P 500 will most likely want to see if Gamestop can maintain some of the minimum requirements it has met, before considering the inclusion of the stock in the S&P 500 index.S&P 500 index is seen by the investment community as the best index to track the performance of large-cap US companies and the state of the US economy.As of the close of market on Wednesday, September 1, 2021, Gamestop stock closed at $212.97 per share, the stock 52-week high price stands at $483.00 per share, and a 52-week low of $5.87 per share. The current shares price represents a 44.09% downturn from its 52-week high.]]> Tue, 07 Sep 2021 14:58:39 EST https://www.investingport.com/possible-return-of-gamestop-in-the-sp-500-index/ https://www.investingport.com/possible-return-of-gamestop-in-the-sp-500-index/ Why is Match.com stock price going up today? Match is an online dating website with a monthly subscription plan. According to Match dating company, the online dating site has over 11.1 million subscribers, that is over 11 million people that are looking for love and they are willing to pay between $18.00 to 34.99 per month. This is a lot of money in monthly revenue when you consider the growing number or people that are searching for love online.Membership TypeMembership LengthMembership CostStandard Plan12 Months$18.99 per monthPremium Plan3 Months$34.99 per monthPremium Plan6 Months$24.99 per monthPremium Plan12 Months$19.99 per month Why is Match online dating stock going up today? Earlier today, the company announced that it is joining the S%P 500. This move is expected to boost the stock’s 'buy' demand, as a result, it may reflect in the stock price soaring higher. Match stock symbol is MTCH and the company's stock is selling for $158 per share, that about 5.4 percent yield year to date. ]]> Tue, 07 Sep 2021 13:16:08 EST https://www.investingport.com/why-is-matchcom-stock-price-going-up-today/ https://www.investingport.com/why-is-matchcom-stock-price-going-up-today/ Elon Musk is close to getting humanity to Mars and the next trip will include civilians This is how Elon Musk plans to get humans to Mars. His company Space X will try to do this more often than people think and this means that regular civilians can book a flight to Mars whenever they want to. Watch the video below to see Elon Musk's plan to take people to mars. Also, Tesla Space X's success is expected to reflect on Tesla's Stock price. Tesla stocks is selling for $751 per share as of today September 7th, 2021, just about 2.3 percent increase year to date. Space X flight price: It will cost about $250,000.000 per trip per passenger to board Space X flight or Virgin Galactic VSS space flight to Mars. ]]> Tue, 07 Sep 2021 00:04:15 EST https://www.investingport.com/elon-musk-is-close-to-getting-humanity-to-mars-and-the-next-trip-will-include-civilians/ https://www.investingport.com/elon-musk-is-close-to-getting-humanity-to-mars-and-the-next-trip-will-include-civilians/