Monthly Archives: June 2018

Beyonc茅 and Jay-Z Just Gave Us A Powerful Example Of Teaching Children About Money

&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-643023722&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/643023722/960×0.jpg?fit=scale&q; data-height=&q;637&q; data-width=&q;960&q;&g; NEW ORLEANS, LA – FEBRUARY 19: (L-R) Michael B. Jordan, Jay Z, Blue Ivy Carter and Beyonc&a;eacute; Knowles attend the 66th NBA All-Star Game at Smoothie King Center on February 19, 2017 in New Orleans, Louisiana. (Photo by Theo Wargo/Getty Images)

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At a recent charitable event in Los Angeles, the press picked up a headline regarding an attendee who bid $19,000 for a piece of art. While this isn&a;rsquo;t normally national news, it became a trending article because the bidder was none other than six year-old Blue Ivy Carter, daughter of Beyonc&a;eacute; and Jay-Z.

It might appear excessive for a young child to be raising a paddle at a charitable auction; and the dollar amounts involved are higher than most people can even consider donating to charity. But upon deeper inspection, this story is a powerful lesson on how money can provide a child with feelings of empowerment, charity and resiliency. Further, teaching children about money is a reflection of family values and the family&a;rsquo;s support system &a;ndash; essential elements for raising a financially sound child. Beyonc&a;eacute; and Jay-Z are showing us one way to be model parents in this area.

&l;strong&g;Family Values&l;/strong&g;

&a;ldquo;More parents are trying to educate their children about finances early. The families I work with try to teach their children how to earn money, save money, and, most importantly, distinguish between needs and wants,&a;rdquo; says Jenna Laski, a Licensed Family and Marriage Therapist in Los Angeles.

&l;p class=&q;tweet_line&q;&g;Intention is key in teaching children about money. Parents want to create an environment where a child is shown that actions with money can achieve a variety of long-lasting results, from serving the community to accruing assets.

In the case of Beyonc&a;eacute; and Jay-Z, they took their daughter to an auction organized by her grandmother where she was surrounded by family and friends. It was a safe space for making a financial decision, and her actions reflected family values. Her mother, father and grandmother are strong supporters of the involvement of the African American community in the arts.

&l;strong&g;Why Empower Children About Money? &l;/strong&g;

Empowerment allows a child to feel in control of their environment and situation. Think how many adults feel &a;lsquo;out of control&a;rsquo; about money or that they aren&a;rsquo;t good at finances. Allowing a child to make a money decision in a safe environment helps them feel competent and powerful in handling funds. According to Laski, it is the sense of &a;ldquo;I can do this. It is my money; I can do it.&a;rdquo;

It also allows a child to think about using money to achieve goals. In Blue Ivy&a;rsquo;s case, it was to collect art, which is an important value in her family. It is key that a child have a goal and it is even better if the goal is reinforced by their closest supporter. For most children, it&a;rsquo;s their parents.

&l;strong&g;Making a Charitable Decision Can Be A Good Learning Tool&l;/strong&g;

One of the best goals to consider for a child is that of charity. &a;ldquo;It is essential and crucial for parents to set the mindset early on, around making a positive difference in the world,&a;rdquo; says Laski.

Charity is also good for your child&a;rsquo;s brain. Researchers are now focusing on the psychological impact of donating. &l;a href=&q;https://www.wsj.com/articles/hardwired-for-giving-1377902081?tesla=y&q; target=&q;_blank&q;&g;Using MRI technology, a National Institute of Health study in the mid-2000s found that when people donated to what they saw as a&a;nbsp;meaningful&a;nbsp;cause or issue, their brains reacted in the same manner as it did&a;nbsp;when pleasure is given.&l;/a&g;

If your child loves animals or wants to be a firefighter, for example, there is an opportunity for them to use money to connect with an idea that resonates with them. Beyonc&a;eacute; and Jay-Z used art related to the African American experience, which is something they have probably discussed with their daughter. This approach can easily be applied to whatever issue that resonates with your child.

&l;strong&g;Creating Financial Resiliency &l;/strong&g;

When children are learning about money and empowerment, it is important that they experience both success and failure. Blue Ivy initially bid $17,000 for the acrylic painting of Sidney Pointier, increased her bid to $19,000, but was eventually outbid.

Laski points out that &a;ldquo;in creating resiliency, it is very important that parents don&a;rsquo;t just say yes but rather the child experience the commitment to wanting something and working hard for it &a;ndash; whether it is the $3 toy at the drug store or $400 sunglasses. Children need to have a plan to make that happen for themselves and that it isn&a;rsquo;t a simple yes.&a;rdquo;

&l;p class=&q;tweet_line&q;&g;Negative financial outcomes are part of a normal financial life and should be taught to children. Everyone experiences ups and downs with money. Resiliency with finances is key &a;ndash; to be able to take moments that don&a;rsquo;t work for us and find a way to either turn them around or move on. Ideally when children experience disappointing money decisions, they can pick themselves up, consider what went wrong and try for another financial goal.

Blue Ivy did just that &a;ndash; she bid on the next lot of art and won.

&l;strong&g;The Ultimate Triumph of Family Values&l;/strong&g;

Ultimately the framework laid out by Beyonc&a;eacute; and Jay-Z with their daughter is one that many parents are working towards for their own children. Raising children today requires parents to focus on how the relationship with money grows. The right teachable moment can leave an imprint that last a lifetime.

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Snap Craters on Huge Earnings Miss

Snap Inc. (NYSE: SNAP) reported first-quarter financial results after markets closed Wednesday. The company said that it had a net loss of $2.31 per share and $149.6 million in revenue versus consensus estimates from Thomson Reuters that called for a net loss of $0.19 per share and $157.98 million in revenue. The same period from last year had a net loss of $0.14 per share and $38.80 million in revenue in revenue.

During this quarter, daily active users (DAU) grew to 166 million from 122 million in the first quarter of last year, an increase of 36%. DAUs increased 5% quarter-over-quarter, from 158 million in Q4 2016.

Average revenue per user (ARPU) totaled $0.90 in this quarter, an increase of 181% year over year, while ARPU decreased 14% quarter-over-quarter.

At the same time, hosting costs per DAU were $0.60, compared with $0.52 in the first quarter of 2016 and $0.72 in the fourth quarter of 2016.

On the books, cash, cash equivalents, and marketable securities totaled $3.24 billion at the end of the quarter, versus $987.4 million at the end of December 2016.

Shares of Snap closed Wednesday down 1.5% at $22.96, with a consensus analyst price target of $23.43 and a 52-week trading range of $18.90 to $29.44. Following the release of the earnings report, the stock was initially down 18% at $18.80 in the after-hours trading session.

State Board of Administration of Florida Retirement System Has $60.62 Million Stake in 21st Century

State Board of Administration of Florida Retirement System trimmed its holdings in shares of 21st Century Fox (NASDAQ:FOXA) by 3.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,652,182 shares of the company’s stock after selling 55,007 shares during the period. State Board of Administration of Florida Retirement System’s holdings in 21st Century Fox were worth $60,619,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in FOXA. Conning Inc. increased its position in shares of 21st Century Fox by 8.1% during the 1st quarter. Conning Inc. now owns 26,052 shares of the company’s stock worth $956,000 after purchasing an additional 1,960 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of 21st Century Fox during the 1st quarter worth about $854,000. Zions Bancorporation acquired a new stake in shares of 21st Century Fox during the 1st quarter worth about $181,000. Meeder Asset Management Inc. increased its position in shares of 21st Century Fox by 426.6% during the 1st quarter. Meeder Asset Management Inc. now owns 11,585 shares of the company’s stock worth $425,000 after purchasing an additional 9,385 shares in the last quarter. Finally, Advisor Partners LLC increased its position in shares of 21st Century Fox by 19.0% during the 1st quarter. Advisor Partners LLC now owns 22,404 shares of the company’s stock worth $822,000 after purchasing an additional 3,574 shares in the last quarter. 53.61% of the stock is owned by institutional investors.

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A number of equities research analysts recently issued reports on FOXA shares. Loop Capital started coverage on shares of 21st Century Fox in a research report on Thursday, March 15th. They set a “buy” rating and a $43.00 target price for the company. Pivotal Research reiterated a “hold” rating and set a $35.00 target price on shares of 21st Century Fox in a research report on Tuesday, April 17th. BMO Capital Markets increased their target price on shares of 21st Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, February 12th. Piper Jaffray reiterated a “buy” rating and set a $44.00 target price on shares of 21st Century Fox in a research report on Friday, January 26th. Finally, Atlantic Securities upgraded shares of 21st Century Fox from a “neutral” rating to an “overweight” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $38.33.

FOXA opened at $38.04 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $69.77 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.84 and a beta of 1.32. 21st Century Fox has a 1-year low of $24.81 and a 1-year high of $39.13.

21st Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $8.04 billion for the quarter, compared to analyst estimates of $7.94 billion. 21st Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. equities research analysts forecast that 21st Century Fox will post 1.99 EPS for the current year.

21st Century Fox Profile

Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.

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Institutional Ownership by Quarter for 21st Century Fox (NASDAQ:FOXA)

Buy Arvind Limited; target of Rs 500: Sharekhan

Sharekhan’s research report on Arvind Limited

During Q4FY2018, Arvind Limited (Arvind) reported 21.3% y-o-y revenue growth to Rs. 2,990 crore. Revenue from the textile segment grew by 9.3% y-o-y to Rs. 1,596.4 crore mainly led by 13% volume growth in the garment segment and 14% revenue growth in the woven segment. Fabric volume also improved from 56 million metres to 60 million meters despite the decline in denim domestic volumes.

Outlook

Further, demerger of businesses such as B&R and Anup Engineering into separate verticals would enhance shareholders value in the near future. Thus, we maintain our Buy recommendation on the stock with an unchanged price target of Rs. 500.

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Zacks: NewMarket Co. (NEU) Given Consensus Rating of “Hold” by Analysts

NewMarket Co. (NYSE:NEU) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also given NewMarket an industry rank of 174 out of 265 based on the ratings given to related companies.

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Separately, TheStreet cut NewMarket from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th.

NewMarket stock traded down $3.88 during mid-day trading on Tuesday, reaching $370.77. 39,573 shares of the company were exchanged, compared to its average volume of 36,249. NewMarket has a twelve month low of $359.17 and a twelve month high of $478.84. The company has a current ratio of 2.93, a quick ratio of 1.60 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 19.74 and a beta of 0.74.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, April 25th. The specialty chemicals company reported $5.14 earnings per share for the quarter, missing analysts’ consensus estimates of $5.60 by ($0.46). NewMarket had a return on equity of 35.41% and a net margin of 8.34%. The company had revenue of $589.20 million for the quarter, compared to analyst estimates of $573.20 million. During the same period in the previous year, the business posted $5.39 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be given a dividend of $1.75 per share. The ex-dividend date is Thursday, June 14th. This represents a $7.00 dividend on an annualized basis and a yield of 1.89%.

In related news, Treasurer Cameron D. Warner acquired 264 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was bought at an average cost of $377.68 per share, with a total value of $99,707.52. Following the transaction, the treasurer now owns 762 shares of the company’s stock, valued at $287,792.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.91% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of NEU. Capital Analysts LLC raised its stake in shares of NewMarket by 6,961.7% during the 4th quarter. Capital Analysts LLC now owns 49,926 shares of the specialty chemicals company’s stock worth $2,088,000 after buying an additional 49,219 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of NewMarket by 19.6% during the 1st quarter. Neuberger Berman Group LLC now owns 177,630 shares of the specialty chemicals company’s stock worth $71,350,000 after buying an additional 29,104 shares in the last quarter. BlackRock Inc. raised its stake in shares of NewMarket by 3.3% during the 4th quarter. BlackRock Inc. now owns 749,685 shares of the specialty chemicals company’s stock worth $297,919,000 after buying an additional 24,128 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of NewMarket during the 4th quarter worth approximately $6,385,000. Finally, Wells Fargo & Company MN raised its stake in shares of NewMarket by 36.8% during the 1st quarter. Wells Fargo & Company MN now owns 47,774 shares of the specialty chemicals company’s stock worth $19,191,000 after buying an additional 12,859 shares in the last quarter. 55.71% of the stock is owned by institutional investors and hedge funds.

NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. It offers lubricant additives for use in various vehicle and industrial applications, such as engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and in other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.

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