Tag: recovery

Wipro Drops Most Since April, Analysts Await Broader Recovery

(Bloomberg) — Shares of Wipro Ltd. slipped the most intraday in six months after its quarterly profit missed estimates, with some analysts saying they want to see more evidence of business recovery under the new leadership.

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The software exporter posted July-September net income of 24.7 billion rupees on Tuesday, down 3.1% on-year and below an estimate of 25.2 billion rupees in a Bloomberg survey. The company also said it will spend as much as 95 billion rupees ($1.3 billion) buying back its shares at 400 rupees each.

Wipro’s stock slumped as much as 6.9% and was the worst performer on the benchmark NSE Nifty 50 Index on Wednesday. Investec, Antique Stock Broking and Spark Capital Advisors were among brokers that downgraded the stock.

“We await further evidence of execution of Wipro’s refreshed strategy and a successful turnaround from its growth struggles over the last decade before turning more

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The 5 ‘Frontier CMO’ strategies to lead brands to economic recovery

With brands around the world disrupted by the coronavirus pandemic, and marketing budgets being squeezed, a major new study has identified a new group of Chief Marketing Officers who are pioneering the fight for recovery.

The study from Dentsu International, which incorporates data from 1,361 CMOs across 12 markets, concludes that the number one challenge for brands is to understand and respond to the ways the pandemic will have long-term effects on consumers’ behaviour.

This challenge is compounded by the fact that two-thirds, or 62%, of those surveyed say their budgets will be cut or flat over the next year; that figure increases to 82% for smaller brands. And despite the unparalleled challenges brands face, half of CMOs say they plan to employ recovery strategies taken in previous recessions, with only one in ten saying they expect to adopt entirely new strategies.

Six out of ten CMOs surveyed say their

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Electronic Products Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery

NEW YORK, Oct. 12, 2020 /PRNewswire/ —

Electronic Products Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global electronic products market.

Read the full report: https://www.reportlinker.com/p05976746/?utm_source=PRN

Description:
Where is the largest and fastest growing market for the electronic products market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global electronic products global market opportunities and strategies to 2030: COVID-19 impact and recovery answers all these questions and many more.

The report covers the following chapters

Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
Report Structure – This section gives the structure of the report and the information covered in the various sections.
Introduction –

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Visa: Continuing Recovery Brings Double-Digit Annualised Return (NYSE:V)

Introduction

We review Visa (V) (Buy-rated in our coverage) ahead of FY20 results on October 28, referencing last quarter’s results, recent volume data and management comments.

Since our initial Buy rating in June 2019, Visa shares have returned 25.3% (including dividends), slightly ahead of the S&P 500, behind Mastercard (MA) (Buy-rated) and PayPal (PYPL) (also Buy-rated), but far ahead of American Express (AXP) (Neutral-rated):

Stable Year-on-Year Volume Trends

The last set of Visa volume data was for August, which showed stable year-on-year trends in U.S. payments, with a 7% year-on-year growth (8% in July):

Debit card volume continues to lead the recovery, partly due to consumers using their debit cards in purchases that were previously made with cash withdrawn from ATMs. The year-on-year decline in Card Present decelerated slightly in late August, but volume was still down high-single-digits. Card Not Present (Excluding Travel) volume remained at 30% higher year-on-year.

Outside

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Fiscal drag, viral carousel, and another stalled week in U.S. recovery

By Howard Schneider

WASHINGTON (Reuters) – U.S. hiring last week remained sluggish, retail foot traffic dipped, and a surge in coronavirus cases across the Upper Midwest even dented what had been a carefree rush back to restaurants.

The outbreaks in states like South Dakota, Montana and Wisconsin are the latest in the country’s carousel battle with the pandemic as hotspots rotate from one region to another, preventing any broad recovery of confidence or the economy.

Since an early summer jump in U.S. economic activity, data across a broad set of high-frequency indicators has shown little evidence of the sort of steady improvement needed for the country to dig out from a deep recessionary hole, with more than 25 million people still filing for some form of unemployment insurance.

Employment over the week fell slightly at a set of small businesses whose worker time is managed by Homebase https://joinhomebase.com/data, new job

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Whole Foods footfall recovery is far slower than Walmart, Kroger, Aldi

  • Whole Foods had 21% fewer visitors across its stores on October 4 compared to the same day last year, according to data by placer.ai.
  • Shopper traffic is bouncing back much faster at other grocers – it was only down 2% at Kroger’s.
  • Part of this is because Whole Foods normally gets a lot of lunchtime trade from office workers, who are now working from home, a spokesperson said.
  • Sales of packaged goods, like sandwiches and salads, has fallen 75%.
  • A Whole Foods spokesperson told Business Insider the company “is healthy and continues to grow,” and has opened 10 new stores in 2020.
  • Visit Business Insider’s homepage for more stories.

For every five in-store shoppers Whole Foods Markets had last October, it now only has four, new data suggests. 

The supermarket chain had 21% fewer visitors across its stores on October 4 compared to the same day last year, according to

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Truffle Chocolate Market with COVID-19 Recovery Analysis 2020|Growing Influence of Online Retailing to Boost Market Growth

The global truffle chocolate market size is poised to grow by USD 1.45 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005686/en/

Technavio has announced its latest market research report titled Global Truffle Chocolate Market 2020-2024 (Graphic: Business Wire)

The truffle chocolate market is driven by the growing popularity of online distribution channels. E-commerce enables customers to access regional and global brands of truffle chocolates. The significant rise in the number of e-commerce vendors across the world is fueled

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Small Businesses Need Access To Capital To Power Recovery

The October jobs report showed another gain of 661,000 jobs in September and the unemployment rate fell to 7.9%. Still, the increase wasn’t as strong as expected and the economy remains a long way from full strength—only about half of the jobs lost in March and April have returned, with city centers bearing the brunt of the losses. Small businesses are the biggest job creators and if they don’t recover, the economy won’t either. To

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Business leaders feel sidelined in COVID-19 recovery in NYC

New York City’s business leaders have looked for ways to help the city during its looming financial crisis, as they have done previously in tough times, but some say they haven’t found much of a partner in Mayor Bill de Blasio.

The new coronavirus pandemic has devastated the city’s economy and erased billions of dollars in tax revenue. Nearly 650,000 people were unemployed as of August and thousands of small businesses have closed since March.

Executives across major industries have offered their assistance, as they did in the 1970s and after the Sept. 11, 2001, terrorist attacks.

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“I don’t feel like we have a plan as it relates to the city emerging better and stronger,” said Scott Rechler, chief executive of RXR Realty, a

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Barron’s Stock Pick: Equipment Maker Terex Is a Cheap Bet on an Economic Recovery

Investors betting on a cyclical recovery in the global economy would love to be able to cherry-pick industrial companies.

That would be

Terex

(ticker: TEX), a manufacturer of equipment used in construction, mining, maintenance, and other industries. It is a small-cap industrial with a strong balance sheet and the potential for profit growth. And its stock is cheap.

If you know the name Terex, it may be because of its cranes. Businesses including cranes accounted for half of the company’s sales in 2015. But those divisions had operating profits of 4% or less that year. So the following year, a new CEO, John Garrison, set about slimming down Terex’s portfolio.

“We developed a strategy predicated on focus, simplifying, and executing to win,” Garrison tells Barron’s.

What’s left is a company that is leaner and potentially more profitable through economic cycles.

Today’s Terex comprises two main segments. The larger one

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