Gross Income – Resource KT http://resourcekt.co.uk/ Thu, 16 Sep 2021 03:15:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://resourcekt.co.uk/wp-content/uploads/2021/03/cropped-icon-32x32.png Gross Income – Resource KT http://resourcekt.co.uk/ 32 32 Will money from stock sales hurt Social Security and Medicare? https://resourcekt.co.uk/will-money-from-stock-sales-hurt-social-security-and-medicare/ Thu, 16 Sep 2021 01:31:30 +0000 https://resourcekt.co.uk/will-money-from-stock-sales-hurt-social-security-and-medicare/

Q. If you trade stocks and have capital gains, or sometimes losses, after you retire and only one spouse trades, how does that affect your social security and insurance costs? sickness ? We file our taxes jointly.

– Trader

A. We are happy that you are asking the question.

Let’s start with Social Security.

If you’re already retired and receiving Social Security benefits, the amount of other unearned income has no impact on Social Security benefits, said Brian Scheiss, certified financial planner at Modera Wealth Management in Westwood.

In other words, there is no threshold at which other unearned income reduces social security benefits in retirement, he said.

But a couple’s combined income can affect the amount of the benefit that is taxed.

Couples filing joint income tax returns will pay taxes on up to 85% of their combined Social Security benefits if their combined income is over $ 44,000 in 2021, Scheiss said.

If the combined income is between $ 32,000 and $ 44,000, only 50% of their benefits will be taxed, he said, while if the combined income is less than $ 32,000, none of their benefits will be taxed. imposed.

Combined income is your adjusted gross income plus tax-free interest plus half of your total Social Security benefits, he said.

Premiums for Medicare Part B and D increase with higher earnings, Scheiss said.

Premiums increase at certain levels when modified adjusted gross income (MAGI) exceeds certain thresholds. The higher premiums are called the monthly income-related adjusted amount.

However, he said, those cutoffs are based on combined income and both spouses’ Medicare premiums will be affected.

“Income from capital gains and other sources can impact health insurance premiums, but it doesn’t matter if one or both spouses are in the business,” he said.

Email your questions to Ask@NJMoneyHelp.com.

Karin Price Mueller writes on Bamboo column for NJ Advance Media and is the founder of NJMoneyHelp.com. Follow NJMoneyHelp on Twitter @NJMoneyHelp. Find NJMoneyHelp on Facebook. Sign up for NJMoneyHelp.com‘s weekly electronic newsletter.


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Democrats offer new $ 12,500 rebate on electric cars, Tesla remains at $ 4,500 disadvantage https://resourcekt.co.uk/democrats-offer-new-12500-rebate-on-electric-cars-tesla-remains-at-4500-disadvantage/ Sat, 11 Sep 2021 16:14:00 +0000 https://resourcekt.co.uk/democrats-offer-new-12500-rebate-on-electric-cars-tesla-remains-at-4500-disadvantage/

Democrats have proposed an updated federal electric car incentive package that would go through their $ 3.5 trillion social spending bill.

This would remove the limit on the number of vehicles and replace it with a calendar, introduce a higher payment up to $ 12,500 and make it a point of sale, but there are also new restrictions that would put Tesla at a disadvantage by $ 4,500.

Ever since President Biden took control of the White House and Democrats secured a majority in both the House and Senate, they have made it clear that they plan to reform the federal electric vehicle incentive program. .

The current program has some significant flaws. The main thing is that it caps the tax credit of $ 7,500 to 200,000 electric vehicles per manufacturer.

This puts automakers who were early proponents of electric vehicles at a disadvantage, such as Tesla and GM.

The second biggest problem is that the incentive takes the form of a tax credit of $ 7,500, which requires you to have the equivalent federal tax burden, and it is only applied on your next taxes.

Over the past year, there have been several proposals to reform the EV incentive.

The latest is the Clean Energy for America Act, which would increase the incentive to $ 12,500 and remove the threshold of 200,000 electric vehicles delivered by manufacturers.

Now the House Ways and Means Committee has approved a new version of the EV Incentive Program as part of their $ 3.5 trillion social spending bill.

Here are the main changes:

  • Remove the ceiling of 200,000 vehicles per manufacturer
  • Keep the $ 7,500 New Electric Car Incentive for 5 Years
  • Make the $ 7,500 incentive a point-of-sale rebate instead of a tax credit
    • Electric vehicles with a battery less than 40 kWh are limited to an incentive of $ 4,000
  • Add an additional $ 4,500 for electric vehicles assembled in unionized factories
  • Add an additional $ 500 for electric vehicles using batteries of which 50% of components (including cells) are made in the USA
  • After the first 5 years, the $ 7,500 is only valid for electric vehicles made in the United States and applies for an additional 5 years.
  • They introduce price limits on electric vehicles eligible for incentives:
    • Sedans under $ 55,000
    • SUVs under $ 69,000
    • Trucks under $ 74,000
    • Vans under $ 54,000
  • They also introduce income caps to access incentives, but they are quite high with adjusted gross income of up to $ 400,000 for individuals and up to $ 800,000 for joint filers.

As usual, these terms could change as the bill goes through the legislative process.

Taking Electek

I think these changes are mostly positive. I like the fact that they are giving foreign car manufacturers a grace period. This will be really helpful so as not to slow down the momentum of electric vehicle adoption in the United States.

The 10-year period is more than enough to support the adoption of EV.

As for the price limits, I think they’re pretty high if not a little too high for SUVs and pickups.

My main problem is with the additional incentive of $ 4,500 for electric vehicles coming out of unionized factories.

It has nothing to do with why we should cut down on electric vehicles over fossil fuel powered vehicles.

The reason for this is to take into account the cost to the environment and to health that accompanies the combustion of the gas. It has nothing to do with the fact that the employees who make these vehicles, electric or not, are part of a union.

The most affected company will be Tesla since its employees are not unionized.

I can’t help but think that this is a political movement rather than a pro-environment one, which is disappointing.

However, I’m not going to complain too much as I think $ 7,500 is a lot of money for an EV incentive and $ 12,000 is probably too much in most cases.

The result is truly a $ 4,500 disadvantage for Tesla, which the company will have no problem considering that it still dominates the US market for the past two years at a $ 7,500 disadvantage.

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The North West Company Inc.Announces Second Quarter Results and Quarterly Dividend Increase https://resourcekt.co.uk/the-north-west-company-inc-announces-second-quarter-results-and-quarterly-dividend-increase/ Wed, 08 Sep 2021 21:45:00 +0000 https://resourcekt.co.uk/the-north-west-company-inc-announces-second-quarter-results-and-quarterly-dividend-increase/

WINNIPEG, Manitoba, September 08, 2021 (GLOBE NEWSWIRE) – (TSX: CNO): The North West Company Inc. (the “Company” or “North West”) today announced its unaudited financial results for the second quarter ended July 31, 2021. It also announced that the board of directors has declared a dividend of $ 0.37 per share, an increase of $ 0.01 or 2.8% per share, to shareholders of record on September 30, 2021, payable on October 15, 2021.

“This was another strong quarter, especially given the extraordinary increases in sales and comparable store earnings linked to the pandemic in 2020,” commented President and CEO Dan McConnell. “Our top priority remains focused on the safety and well-being of our customers and employees, and on ensuring that we continue to provide essential products and services that people depend on. The relationships with our suppliers and the agility provided by our freight airline, North Star Air, were key contributors to meeting strong customer demand during the quarter.

The new Delta variant poses constant challenges. Our tourism-dependent markets and other communities we serve with lower vaccination rates have seen some of their biggest increases in COVID-19 cases since the start of the pandemic. The North West Company is doing its part by adapting to changing business conditions to maintain market share gains in 2020, combined with current vaccination rates, the emergence of variants and the reduction of some. stimulus programs in Canada and the United States, it is expected that revenues in 2021 will be higher than pre-pandemic (2019) levels, but lower than 2020. “

Financial Highlights
Second quarter consolidated sales decreased 12.9% to $ 565.1 million, mainly due to the impact of the sale and closure of the Company’s Giant Tiger stores last year , net of the impact of wholesale food sales to Giant Tiger stores sold (the “Giant Tiger Transaction”) and the negative currency impact on the conversion of International Operations sales. On a comparable store basis, sales remained strong with a decrease of only 4.8%1 compared to a 25.4% increase in the second quarter of last year, but was up 21.4% from the second quarter of 2019, as the continued impact of factors related to COVID-19, including including community spending and personal income support, was lower than last year.

Gross margin decreased by 12.8% due to the impact of lower sales partially offset by a 4 basis point increase in gross margin rate compared to last year mainly due to favorable changes in the composition of product sales and lower markdowns and inventory reduction.

Selling, operating and administrative expenses (“fees”) increased $ 1.6 million or 1.2% from the prior year and increased 323 basis points as a percentage of sales in large part due to non-comparable factors which included a pre-tax gain of 24.7 million from the Giant Tiger operation in the second quarter of last year partly offset by changes in stock-based compensation costs. Excluding non-comparable factors, expenses decreased $ 16.4 million and decreased 40 basis points as a percentage of sales, primarily due to lower store expenses related to the Giant Tiger transaction, from a decrease in expenses related to COVID-19, the impact of foreign exchange on the conversion of international operating expenses and the decrease in costs of the annual incentive plan.

Operating income decreased to $ 58.5 million from $ 87.8 million last year, but increased $ 28.9 million from 2019 and earnings before interest, income taxes. profits, depreciation and amortization (“EBITDA2“) decreased to $ 81.1 million from $ 110.9 million last year, but increased $ 29.5 million from 2019. The decrease from windfall profits from the last year is due to the impact of non-comparable factors and lower sales Adjusted EBITDA2, which excludes non-comparable factors, decreased $ 11.9 million from last year, but increased $ 30.4 million or 56.7% from 2019 due to factors of previously mentioned sales, gross margin and expenses.

Net income decreased $ 20.2 million to $ 42.4 million primarily due to non-comparable factors, but increased $ 24.5 million or 136.3% from second quarter of 2019. Net income attributable to shareholders was $ 41.9 million and diluted earnings per share was $ 0.86 per share compared to $ 1.25 per share last year due to of the factors mentioned above, but up from $ 0.35 per share two years ago. Adjusted net profit2, which excludes the after-tax impact of non-comparable factors, decreased $ 5.8 million from exceptionally strong last year net income due to the above factors and the negative impact of foreign exchange on the conversion of net income from international operations, but was up $ 24.0 million or 116.0% from the second quarter of 2019.

Further information on the financial results is available in the company’s second quarter 2021 report to shareholders, the MD&A and the unaudited interim condensed consolidated financial statements which can be viewed in the investors section of the company’s website. at the address www.nord-ouest.ca.

Second Quarter Conference Call

North West will host an earnings conference call on September 9, 2021 at 8:30 a.m. CST. To access the call, please dial 416-406-0743 or 800-898-3989 with access code 8270861. The conference call will be archived and accessible by dialing 905-694-9451 or 800-408 -3053 with an access code 8215499 no later than October 10, 2021.

Notice to readers

Certain forward-looking statements are made in this press release within the meaning of applicable securities laws. These statements reflect North West’s current expectations and are based on information currently available to management. The words can, will, should, believe, expect, plan, anticipate, intend, estimate, predict, potential, continue, or the negative of these terms, identify forward-looking questions. These statements speak only as of the date of this press release. Actual results could differ materially from those anticipated in these forward-looking statements.

Forward-looking statements should not be relied upon because they involve known and unknown risks, uncertainties and other factors, which may cause North West’s actual results, performance, capital expenditures or achievements to differ. materially of the results, performance, capital expenditures or achievements expressed or implied by such forward-looking statements, including the Company’s intentions regarding a normal course issuer bid, the anticipated impact of the COVID-19 pandemic on the operations of the Company and the related business continuity plans of the Company and the achievement of the savings expected from the administrative cost reduction plans. Factors that could cause actual results to differ materially from those stated in forward-looking statements include, without limitation, business performance, fluctuations in interest rates and currency values, legislative developments and regulatory developments, the occurrence of weather conditions – related and other natural disasters, changes in tax laws and the risks and uncertainties detailed in the section entitled Risk Factors in North West’s MD&A and Annual Information Form , both for the fiscal year ended January 31, 2021. The foregoing list is not an exhaustive list of possible factors. These and other factors should be carefully considered, and readers are cautioned not to place undue reliance on these forward-looking statements. North West assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Company Profile

The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighborhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 213 stores under the trade names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately C $ 2.0 billion.

North West’s common shares trade on the Toronto Stock Exchange under the symbol NWC.

For more information, contact:

Dan McConnell, President and CEO, The North West Company Inc.
Telephone 204-934-1482; fax 204-934-1317; email dmcconnell@northwest.ca

John King, Executive Vice President and Chief Financial Officer, The North West Company Inc.
Telephone 204-934-1397; fax 204-934-1317; email jking@northwest.ca

1 Excluding currency effect
2 See the Non-GAAP Measures section of the MD&A

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New law encourages homeowners to offer affordable housing | Granite City News https://resourcekt.co.uk/new-law-encourages-homeowners-to-offer-affordable-housing-granite-city-news/ Sat, 04 Sep 2021 10:00:00 +0000 https://resourcekt.co.uk/new-law-encourages-homeowners-to-offer-affordable-housing-granite-city-news/

Governor JB Pritzker signed a landmark housing bill that pushes homeowners to create more affordable housing.

Bob Palmer, policy director for advocacy group Housing Action, said developers and proponents of affordable housing have worked together for a long time to come up with key provisions of House Bill 2621.

The legislation was passed by both houses of the Illinois Legislature in May with unanimous and bipartisan support.

“The idea is to support rental property owners who want to invest in their properties and keep rents affordable,” Palmer said.. “By lowering property taxes, you allow people to charge affordable rents. “

The incentives appealed to developer Related Midwest, the builder of a new 300-unit building that will soon open near Fulton Market. Related President Curt Bailey told the Chicago Tribune the new tax formula will allow the company to reserve 60 units in the 43-story skyscraper for low to moderate income families.

According to the definition of the law, an affordable apartment is an apartment that a family earning 60% of the median income in the region can afford. In Chicago, a family of four with a combined income of $ 54,500 per year meets this qualification. The family’s gross monthly income is $ 4,542.

Under the provisions of the bill, affordable rent for the family must not exceed 30% of their monthly income, or $ 1,300 per month.

Housing Action says Illinois needs an additional 108,000 affordable housing units to accommodate all families in need. The need for social housing in Illinois is even greater, with approximately 270,000 units needed. The lack of affordable housing in Illinois means that many low to moderate income families are forced to pay up to 50 percent or more of their monthly income for rent.

Palmer said most of the owners who will take advantage of the new tax incentives will not be large developers, but rather owners of existing buildings of seven or more units.

“When it comes to basic operating expenses, property taxes are an important component for a building owner,” Palmer said.

Landlords who charge their tenants more affordable rents can’t cover their O&M expenses and pay their property taxes, according to Palmer.

“It just doesn’t work,” he said.

Illinois’ new housing bill will reduce property tax assessments for homeowners who charge affordable rents.

“When they need to fund major upgrades, such as roof or HVAC replacement, or modifications to make a unit accessible to people with disabilities, the reductions assessed will make the search for funding much less difficult,” said Palmer said.

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DOJ prepares Google Antitrust Ad Tech lawsuit https://resourcekt.co.uk/doj-prepares-google-antitrust-ad-tech-lawsuit/ Thu, 02 Sep 2021 00:06:47 +0000 https://resourcekt.co.uk/doj-prepares-google-antitrust-ad-tech-lawsuit/

In the United States, antitrust authorities are preparing for another lawsuit against Alphabet’s Google, this time over the company’s digital advertising and allegations that Google has abused its dominant position, Bloomberg reported.

The Department of Justice (DOJ) has stepped up its investigation into Google’s practices and could end up filing a complaint by the end of 2021, according to the report. As of Wednesday evening (September 1), no final choice has been made.

The DOJ examined Google’s broad influence in the ad technology market since President Donald Trump’s administration was in power, and the DOJ, then under the power of Attorney General William Barr, instead sued Google for its activity. of research. Barr’s DOJ said Google has blocked competition for the search industry through exclusive distribution agreements with mobile carriers and phone makers to block competition, according to the report.

Additionally, there was a second case by several state, Texas-led attorneys general alleging that Google had illegally monopolized the digital advertising market, making a deal with Facebook to manipulate online auctions where Web advertisers and publishers buy and sell ad space. , according to the report. This allegation is also part of the DOJ investigation, although the DOJ did not comment to Bloomberg.

Google’s response to the accusations is that it does not have dominance in the ad technology market, instead claiming that there are many large companies in the space, including Amazon, Comcast, and Facebook, which are also in. competition for business.

In other Google news, Google’s Play Store generated $ 11.2 million in revenue, as well as $ 8.5 billion in gross profits and $ 7 billion in operating revenue, according to statistics from ‘a civil lawsuit previously redacted by several state attorneys general led by Utah.

Read more: Google’s app store grossed $ 11.2 billion in 2019, antitrust file says

The lawsuit said Google had engaged in anti-competitive practices by restricting access to the Play Store and marketplace for Android users by extension.

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NEW PYMNTS DATA: 58% OF MULTINATIONAL COMPANIES USE CRYPTO-CURRENCY

On: Despite price volatility and regulatory uncertainty, a new study from PYMNTS shows that 58% of multinational companies are already using at least one form of cryptocurrency, especially when transferring funds across borders. The new Cryptocurrency, Blockchain and Global Business survey, a PYMNTS and Circle collaboration, probing 500 executives about the potential and pitfalls that crypto faces as it becomes part of the mainstream financial sector.

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Google Play’s App Store Revenue Reached $ 11.2 Billion In 2019, Lawsuit Says https://resourcekt.co.uk/google-plays-app-store-revenue-reached-11-2-billion-in-2019-lawsuit-says/ Sat, 28 Aug 2021 20:10:00 +0000 https://resourcekt.co.uk/google-plays-app-store-revenue-reached-11-2-billion-in-2019-lawsuit-says/ The Google Play logo is displayed at the Tokyo Game Show 2019 in Chiba, east of Tokyo, Japan on September 12, 2019. REUTERS / Issei Kato / File Photo

OAKLAND, Calif., Aug. 28 (Reuters) – Alphabet Inc’s Google (GOOGL.O) generated $ 11.2 billion in revenue from its mobile app store in 2019, according to an unsealed court record on Saturday, offering a clear view of the department’s financial results for the first time.

Attorneys General for Utah and 36 other U.S. states or districts suing Google for alleged antitrust violations with the App Store also said in the new unredacted filing that the company made $ 8 gross profit in 2019. , $ 5 billion, and operating income of $ 7 billion, for an operating margin. by more than 62%.

Figures include app sales, in-app purchases, and App Store ads. Google told Reuters the data “is being used to misrepresent our business in a baseless lawsuit.”

The company and its accusers said in a separate filing on Saturday that a lawsuit in late 2022 was possible over whether Google is abusing its alleged monopoly on sales of apps for Android devices.

In its quarterly financial information, Google aggregates the Play app’s revenue with that of other services and counts the store’s advertising revenue under another larger category.

Attorneys General, along with mobile app developer Epic Games and others separately suing Google, have claimed it makes huge profits through the Play Store by taking 30% of the fee for every digital good sold in an app. . Complainants say Google’s cut is arbitrarily high, siphoning profits from app developers.

Google says there are alternatives to Google’s store and payment systems, although critics say these routes are impractical and have sometimes been blocked.

The plaintiffs allege that Google, through anti-competitive agreements, extended benefits and imposed restrictions on major developers such as “League of Legends” maker Riot Games to prevent them from leaving the Play Store.

An unsealed Epic Games file this month said Google, according to internal documents, feared losing $ 1.1 billion in annual App Store profits if the Play Store was successfully bypassed. Read more

Reporting by Paresh Dave; Editing by Marguerita Choy and Andrea Ricci

Our Standards: The Thomson Reuters Trust Principles.

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Packaging Corp. (PKG) up 7.1% since last earnings report: can it continue? – August 25, 2021 https://resourcekt.co.uk/packaging-corp-pkg-up-7-1-since-last-earnings-report-can-it-continue-august-25-2021/ Wed, 25 Aug 2021 14:51:35 +0000 https://resourcekt.co.uk/packaging-corp-pkg-up-7-1-since-last-earnings-report-can-it-continue-august-25-2021/

A month has passed since Packaging Corp’s last earnings report. (PKG Free report). Stocks rose about 7.1% during that time, outperforming the S&P 500.

Will the recent positive trend continue until its next results release, or Packaging Corp. should he undergo a recoil? Before we dive into how investors and analysts have reacted in recent times, let’s take a look at the latest earnings report to better understand the important factors.

Packaging Corp’s best second quarter earnings and sales estimates, up year on year

Packaging Corp reported adjusted second quarter 2021 earnings per share of $ 2.17, beating Zacks’ consensus estimate of $ 1.75. Net income improved 57% year-on-year.

This increase is mainly due to the increase in volumes, prices and mix in the Packaging segment. The Paper segment saw an improvement in volumes year over year, which was partially offset by lower prices and mix. Operating costs, annual downtime, freight and logistics costs, conversion costs and depreciation charges were higher year over year and margins somewhat shaken.

Including one-time items, earnings for the reported quarter were $ 2.17 per share compared to 59 cents per share in the prior year quarter.

Operational update

Second-quarter sales climbed 22% year-on-year to $ 1,880 million. The top line topped Zacks’ consensus estimate of $ 1,809 million.

Cost of goods sold increased 18% year over year to $ 1,431 million in the second quarter. Gross profit jumped 38% year-over-year to $ 449 million. Selling, general and administrative expenses were $ 146 million, compared to $ 136 million in the prior year quarter. Segment adjusted total operating income increased 49% year-over-year to $ 294 million.

Segment performances

Packaging: Segment sales increased 22% year-on-year to $ 1,719 million in the second quarter of 2021. Segment adjusted operating income was $ 314 million in the quarter, from $ 224 million of dollars in the quarter of the previous year.

Paper: In the quarter under review, revenue for this segment was $ 142 million, indicating a 15% year-over-year improvement. The segment reported adjusted operating income of $ 5.4 million compared to a loss of $ 5.7 million for the prior year quarter.

Cash position

The company had a cash balance of $ 1,124 million at the end of the second quarter of 2021, compared to $ 976 million in cash held at the end of the previous year’s quarter.

Outlook

Packaging Corporation expects earnings per share to be about $ 2.37 per share in the third quarter of 2021. Forecast shows year-over-year growth of 51%. According to the company, this will be facilitated by strong demand for containerboard and corrugated products in the packaging segment. An additional day for carton shipments will contribute to segment results in the quarter. For the Paper segment, the company anticipates stable volumes due to a scheduled maintenance shutdown at the Jackson plant. Annual shutdown costs are expected to be lower with a shutdown planned in the third quarter compared to the four plant shutdowns in the second quarter.

Higher operating costs, as well as escalating freight and logistics costs remain headwinds. Energy costs will increase due to higher seasonal use, and wood costs in southern mills are expected to increase, due to wet weather, low stocks and high demand. Nonetheless, the company will continue to implement the price increase actions offered in both segments to combat cost inflation.

How have the estimates evolved since then?

Over the past month, investors have seen an upward trend in revised estimates. The consensus estimate has changed by 12.81% due to these changes.

VGM scores

Currently, Packaging Corp. has an average growth score of C, but its Momentum score is doing much better with an A. Tracing a somewhat similar path, the stock received a B rating on the value side, which places it in the second quintile for this investment strategy.

Overall, the stock has an overall VGM score of B. If you’re not focusing on a strategy, this score is the one you should be interested in.

Outlook

Estimates have trended higher for the stock, and the magnitude of these revisions looks promising. Notably, Packaging Corp. has a Zacks Rank # 3 (Hold). We expect the stock to come back online in the coming months.

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The Best Penny Stocks to Buy Now? 3 to watch this week https://resourcekt.co.uk/the-best-penny-stocks-to-buy-now-3-to-watch-this-week/ Sun, 22 Aug 2021 15:30:00 +0000 https://resourcekt.co.uk/the-best-penny-stocks-to-buy-now-3-to-watch-this-week/

3 Penny Stocks To Watch In August 2021

In August 2021, many penny stocks present buying opportunities. While it’s hard to say for sure where the market is heading, there are plenty of penny stocks that investors are watching right now. And to understand which one, we need to delve deep into the current trajectory of the market and where it might be heading in the long term.

It would make no sense to discuss stocks at this time without talking about the effects of the pandemic. And in August, the increase in the number of cases means that we are still far from being out of the woods. So as investors we have to take that and work with it in order to make money from penny stocks. Given the pandemic, we are finding that industries such as biotechnology, technology, and retail are some of the most popular right now.

[Read More] 4 Trending Penny Stocks On Robinhood You Should Be Watching Right Now

Although this is a wide range, within each of them are different penny stocks that might be worth watching. And as prudent investors, it’s our job to research every stock on our list. This includes understanding finances, balance sheets, rumors, speculative events and everything in between. So, with all of that in mind, let’s take a look at three penny stocks that have retreated from highs but could be one to watch before this week.

3 Penny Stocks For Your Watch List Right Now

  1. GEE Group Inc. (NYSE: JOB)

  2. Vislink Technologies Inc. (NASDAQ: VISL)

  3. Timber Pharmaceuticals Inc. (NYSE: TMBR)

GEE Group Inc. (NYSE: JOB)

GEE Group Inc. is a company that provides recruitment and placement services to American businesses. It offers placement for employees in finance, office, medicine, accounting, etc. The company’s services are offered under the names Agile Resources, Access Data Consulting, Ashley Ellis and Omni-One, among others.

When the pandemic began, the number of jobs quickly fell to low levels. However, soon after, hiring started again and the number of unemployed fell compared to previous months. As a result, companies like GEE Group Inc. have become more popular with investors.

On August 16, GEE Group released its financial results for the third fiscal quarter of 2021. Its revenue increased 43.1% year-on-year to $ 38.1 million. In addition, quarter over quarter, sales increased 9.6%. And, it should be noted that the gross profit of the GEE group grew 43% year-over-year and 26.7% quarter-over-quarter. All of these figures are exciting for both the company and investors. It remains to be seen whether this reflects the evolution of the employment market or the economic model of the GEE group.

“We are very satisfied with the performance of GEE Group this quarter. Revenue, operating profit and adjusted non-GAAP EBITDA were well above our expectations. “

GEE Group Chairman and CEO, Derek Dewan

Both this positive news and the future of the GEE stock are important to investors. With this new information in mind, is JOB a candidate for your penny stocks to watch list?

Penny_Stocks_to_Watch_GEE_Group_Inc ._ (JOB_Stock_Chart)

Vislink Technologies Inc. (NASDAQ: VISL)

Vislink is a technology company that designs, develops and delivers wireless communication solutions. Its products include MicroLite 3, which is a compact wireless HD transmitter used for live production. Most of the products offered by Vislink are intended for live production.

But, in addition, it also offers camera systems, transmitters, receivers, etc. Over the past year or so, the major shortage of microprocessors has resulted in a dramatically increased demand for technology products. And while Vislink is not a manufacturer of microprocessors, it could likely benefit from this increased demand. YTD shares of VISL are up over 40% which is a pretty solid achievement.

[Read More] Reddit Penny Stocks to Buy? 3 that you probably don’t know

On August 16, the company released its second quarter results for 2021. Vislink said its revenue was up 85% from its first quarter results of this year in this new report. In addition to this positive advance, the company’s orders increased by 250% in the first half of 2021.

“Our listing activity continued to grow, with over 250% growth in new bookings in the first half of 2021 compared to the corresponding period in 2020. This acceleration in sales growth, as well as our continued focus on cost containment and the strategic use of financial resources, helped we significantly reduced our EBITDA loss in the second quarter to $ 578,000, compared to an EBITDA loss of $ 2.4 million in the first quarter. .

CEO of Vislink, Mickey Miller

These figures are exciting for the present and potential future of the company. And while they haven’t been reflected in its share price yet, it looks like Vislink is working hard to grow. So with that in mind, will VISL be on your penny stock watch list?

Penny_Stocks_to_Watch_Vislink_Technologies_Inc_VISL_Stock_Chart

Penny_Stocks_to_Watch_Vislink_Technologies_Inc_VISL_Stock_Chart

Timber Pharmaceuticals Inc. (NYSE: TMBR)

Timber Pharmaceuticals Inc. is a biotech penny stock that has been climbing over several recent trading sessions. Over the past month, shares of TMBR have risen more than 11% and more than 30% since the start of the year. The company mainly focuses on products at the clinical stage. Timber is currently developing and marketing treatments for orphan dermatological diseases. So why is TMBR stock rising in the market in August?

On August 10, the company provided an update on its operations and released its financial results for the second quarter of 2021. Chairman and CEO John Koconis said: “The Timber team has persevered despite the headwinds of the global pandemic to meet the clinical milestones we have achieved so far as well as those we plan to achieve over the next nine months.

The company expects to end recruitment for the Phase 2b trial of TMB-002 at the end of the third quarter of 2021. Timber ended the quarter with $ 6.1 million in cash and 36.7 million common shares in circulation. With this new information in mind, will TMBR be on your list of penny stocks to watch?

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House Prices Rise Across Lenawee County https://resourcekt.co.uk/house-prices-rise-across-lenawee-county/ Sun, 22 Aug 2021 11:32:18 +0000 https://resourcekt.co.uk/house-prices-rise-across-lenawee-county/

Home prices are going up like crazy. Buyers have to exceed the auction and often the house does not value what they are paying. This puts all buyers, especially low to middle income people and first time buyers, in dire straits.

“It’s crazy. We don’t have enough houses for the people who want to buy. And then when you have a house and you have three, four or five, six people and then they bid up just to be the winning bidder. And then sometimes he doesn’t evaluate and sometimes he does. And there’s just a lot of anxiety and tension and I feel bad for both buyers and sellers, ”Jeanee said. Gilson, president of the Lenawee County Association of Realtors.

It’s a particularly tricky situation for buyers, Gilson said.

“I wrote four offers last week and none of them were successful and they were all overbid except one. I am warning them (buyers) because if he hasn’t rated what you’re bidding on, are you really going to be comfortable paying for that house? Said Gilson. “It’s a really tough, tough market for people right now. They can buy between $ 150,000 and $ 200,000, but are they comfortable? What if you were made redundant? What if you got sick, couldn’t work, and had no pay for two weeks? How would that affect you? Are you in a position where you would not be financially devastated? “

Houses cannot be built fast enough, but with the rising costs of labor and materials, construction can seem prohibitive.

“We have under-built. We have to build. But right now, with the construction costs as they are, people are kind of stalling that, ”Gilson said. “So it’s kind of Catch-22 over there from what we see.”

Due to the slow recovery in the housing market after the Great Recession, many workers have packed their bags, according to a local builder.