Frighteningly, incomes for some groups are far lower. For instance, the Average Household Income for African-American families was $40,496 in 2018, data from Black Demographics indicates.Read more
Moreover, Zephoria notes, “as of March 2019, “Snapchat reached 90 percent of all 13-24-year-olds and 75 percent of all 13-34-year-olds in the U.S.” Additionally, Zephoria calculates Snapchat had 60 million active users in Europe and 79 daily active users in North America in 1st Quarter 2019.
Hence, Snap (NYSE: SNAP) has a low share price; yet its social network reaches advertisers’ most sought after consumers. Advertisers like the under-34 crowd because they are more likely to change brands. Moreover, today’s 25-year-old club girl is tomorrow’s soccer mom; and household shopper, and she is using Snapchat.
On the junk side, Goldcorp had a Market Capitalization of $26.179 billion on 30 May 2019. However, some people will view Newmont as a bargain because of the low price. Correspondingly, Newmont Goldcorp reported a gross profit of $825 million, an operating income of $288 million, and a net income of $87 million on 30 March 2019.Read more
However, General Motors could invest up to $1 billion in its truck and van factory in Wentzville, Missouri, The Detroit Free-Press reports. In addition, GM plans to develop an electric-powered pickup truck, The Detroit News reveals.Read more
Strangely, Epic Games’ Battle Royale Shooter game sensation Fortnite could be partially responsible for WWE’s ratings woes.Read more
Thus we can safely describe JC Penney as a zombie of the retail apocalypse. Conversely, JC Penney is a zombie that makes money.Read more
Coca-Cola stands out from this pack because it has far less revenue and cash than the others. For instance, Coke records revenues of $7.058 billion for 4th Quarter 2018. Apple reports revenues of $84.31 billion for 4th Quarter 2018.Read more
Barnes & Noble (NYSE: BKS) will probably join Sears and JC Penney (NYSE: JCP) in the retail graveyard this holidayRead more
The most logical future for Barnes & Noble would be for Amazon to buy it. Owning Barnes & Noble would make a lot of sense for Amazon.
Such an acquisition would give Amazon 630 locations across the US to use as pickup and drop-off locations for merchandise and returns. Logically, local Barnes and Noble stores can function as neighborhood fulfillment centers for same-day delivery.Read more
A better way for Penney to attract such men would be by adding a food court with eateries like Shake Shack (NYSE: SHAK) and Qboda to its stores. That might get some men to come to JC Penney, although there’s no guarantee they would actually shop there.Read more