Fat Brands announces Twin Peaks achieved 'historic year of growth' 09:08 FAT FAT Brands, parent company of Twin Peaks Restaurant and 16 other restaurant concepts, announces that Twin Peaks ranked in the top five of Knapp-Track's casual dining sales report for 2021. "In 2021, Twin Peaks executed its strongest push for domestic and international development to date," the company said. The company signed its first franchise agreement in the northeastern region of the U.S. with a 10-store deal in Philadelphia. This was in addition to agreements for four restaurants in the Las Vegas area and three throughout Phoenix. Twin Peaks also signed a franchise development agreement for 32 lodges to be built throughout Mexico within the next ten years. Along with these agreements for new locations, in 2021 Twin Peaks opened 11 lodges in new and existing states such as Arizona, Florida, Kentucky, North Dakota, South Carolina and Texas. To build on its culinary capabilities and capitalize on off-premise sales growth, Twin Peaks is continuing to bring its virtual chicken concept - Good as Cluck - to more markets across the states.
GBA Presents: THE GREEN MARKET
- Thread starter stonedinvestor
- Start date
Fat Brands announces Twin Peaks achieved 'historic year of growth' 09:08 FAT FAT Brands, parent company of Twin Peaks Restaurant and 16 other restaurant concepts, announces that Twin Peaks ranked in the top five of Knapp-Track's casual dining sales report for 2021. "In 2021, Twin Peaks executed its strongest push for domestic and international development to date," the company said. The company signed its first franchise agreement in the northeastern region of the U.S. with a 10-store deal in Philadelphia. This was in addition to agreements for four restaurants in the Las Vegas area and three throughout Phoenix. Twin Peaks also signed a franchise development agreement for 32 lodges to be built throughout Mexico within the next ten years. Along with these agreements for new locations, in 2021 Twin Peaks opened 11 lodges in new and existing states such as Arizona, Florida, Kentucky, North Dakota, South Carolina and Texas. To build on its culinary capabilities and capitalize on off-premise sales growth, Twin Peaks is continuing to bring its virtual chicken concept - Good as Cluck - to more markets across the states.
Wait for Europe to close at 2 pm
LVMUY
LVMH Moët Hennessy - Louis Vuitton, Société Européenne
$160.660.43(+0.27%)12:14 PM 01/28/22
LVMUY
LVMH Moët Hennessy - Louis Vuitton, Société Européenne
$160.660.43(+0.27%)12:14 PM 01/28/22
Soybeans hit seven-month high on oil strength, South American crop concerns
Jan. 26, 2022 7:05 PM ETTeucrium Commodity Trust - Teucrium Soybean Fund (SOYB),S_1:COMW_1:COM,COM,C_1:COM,WEAT,CORN
U.S. soybean futures ralliedtoday to their highest level since June, as soyoil futures rose alongside energy markets and historically highpalm oil prices, Reuters reports.
"Soybeans turned higher early and made another leg up. A lot of that was due to sharply higher bean oil, which is following the palm oil," according to Futures International analyst Terry Reilly.
Another strong factor in today's move was concerns about a reduced South American harvest and exports from top soy supplier Brazil, as traders continue to monitor poor crop weather in parts of the continent.
"The market is choosing to ignore soft demand dynamics in China to focus on what it perceives to belingering production risks in the weeks ahead in South America, coupled with the emerging renewable diesel industry that will significantly ramp up demand for soyoil in the months and years ahead," according to Arlan Suderman of StoneX.
BUY BG- Breakout!
BG
Bunge Limited
$96.291.60(+1.69%)4:00 PM 01/26/22
BG
$98.441.85(+1.92%)12:30 PM 01/28/22
Why did Luminar Technologies stock jump today? Someone named stonedinvestor called a bottom
Jan. 26, 2022 3:47 PM ETLuminar Technologies, Inc. (LAZR)
Luminar Technologies(NASDAQ:LAZR)is9.81% higherafter a couple days of notable selling pressure. Volume on Luminar Technologies (LAZR) is over 20M shares vs. the daily average of just 7M shares.
Short interest on Luminar (LAZR) stands at 13.40% of total float, which has contributed to some of the volatility and increased interest with the stock.
Helping sentiment on LAZR, the electric vehicle sector is having a strong day just ahead of Tesla's earnings report after the closing bell.
Shares of Luminar are still down about 25% year-to-date amid the investor shift into value stocks, safe havens and profitable companies. LAZR is also down more than 65% from its 52-week high.
There is some debate over the Luminar Technologies announcement in December that it would buy back $250 million worth of stock along with planned insider purchases. Seeking Alpha contributor Stone Fox Capital called the moved odd since the company sold at least $550 million worth of convertible debt to fund the buybacks and suggested the timing may not have been right with the stock trading at over 7X 2025 sales targets.
Jan. 26, 2022 3:47 PM ETLuminar Technologies, Inc. (LAZR)
Luminar Technologies(NASDAQ:LAZR)is9.81% higherafter a couple days of notable selling pressure. Volume on Luminar Technologies (LAZR) is over 20M shares vs. the daily average of just 7M shares.
Short interest on Luminar (LAZR) stands at 13.40% of total float, which has contributed to some of the volatility and increased interest with the stock.
Helping sentiment on LAZR, the electric vehicle sector is having a strong day just ahead of Tesla's earnings report after the closing bell.
Shares of Luminar are still down about 25% year-to-date amid the investor shift into value stocks, safe havens and profitable companies. LAZR is also down more than 65% from its 52-week high.
There is some debate over the Luminar Technologies announcement in December that it would buy back $250 million worth of stock along with planned insider purchases. Seeking Alpha contributor Stone Fox Capital called the moved odd since the company sold at least $550 million worth of convertible debt to fund the buybacks and suggested the timing may not have been right with the stock trading at over 7X 2025 sales targets.
KEX
Kirby Corporation
$65.201.19(+1.86%)12:37 PM 01/28/22
Something in the water stocks: Baird finds picks among struggles
Jan. 27, 2022 9:35 AM ETMWA,XYL,AQUA,WMS,AOS,HAYW,PNR
Process controls stocks in the water sector are struggling of late - very susceptible to re-rating in the last couple of months - and that's made Baird selective in finding targeted investment opportunities.
The stocks are "getting pummeled" along with the rest of the market melting down, but that's just a continuation of struggles from Q3, analyst Michael Halloran and team write.
Water re-rating has added some risk to using history as a guide in cycles of PMI deceleration and rate hikes, the firm says: "Most significant outperformance has been experienced in periods of elongated industrial activity and infrastructure stimulus-related tailwinds ... both of which we have optimism for looking out to 2023."
It notes the most infrastructure exposure rests in Mueller Water Products(NYSE:MWA), Xylem(NYSE:XYL), Evoqua Water Technologies(NYSE:AQUA), and Advance Drainage Systems(NYSE:WMS).
Elevated multiples can cap the outperformance historically seen, though, and near-term, Baird says negative sentiment there "trumps" demand dynamics. A rotation into value/lower-multiple water stocks is apparent, it says, and that rotation "could have legs."
Its top ideas in the water group are Advanced Drainage Systems (WMS) and A.O. Smith(NYSE:AOS)- and they're among the top ideas for its entire coverage list.
However, turning to the longer term, later-stage end-market recoveries and municipal/infrastructure spend exposures could get "interesting" later in 2022. So it also sees longer-term upside in Evoqua Water Technologies (AQUA) and Hayward Holdings(NYSE:HAYW), using recent pullbacks for opportunistic buys.
Some rotation candidates in the second half are Mueller Water Products (MWA) and Xylem (XYL), which have the aforementioned heavy infrastructure exposure.
Meanwhile, Pentair(NYSE:PNR) becomes more interesting "as pool dynamics gain clarity," Baird says.
GBA BUY RATED
WMS
AQUA
Kirby Corporation
$65.201.19(+1.86%)12:37 PM 01/28/22
Something in the water stocks: Baird finds picks among struggles
Jan. 27, 2022 9:35 AM ETMWA,XYL,AQUA,WMS,AOS,HAYW,PNR
Process controls stocks in the water sector are struggling of late - very susceptible to re-rating in the last couple of months - and that's made Baird selective in finding targeted investment opportunities.
The stocks are "getting pummeled" along with the rest of the market melting down, but that's just a continuation of struggles from Q3, analyst Michael Halloran and team write.
Water re-rating has added some risk to using history as a guide in cycles of PMI deceleration and rate hikes, the firm says: "Most significant outperformance has been experienced in periods of elongated industrial activity and infrastructure stimulus-related tailwinds ... both of which we have optimism for looking out to 2023."
It notes the most infrastructure exposure rests in Mueller Water Products(NYSE:MWA), Xylem(NYSE:XYL), Evoqua Water Technologies(NYSE:AQUA), and Advance Drainage Systems(NYSE:WMS).
Elevated multiples can cap the outperformance historically seen, though, and near-term, Baird says negative sentiment there "trumps" demand dynamics. A rotation into value/lower-multiple water stocks is apparent, it says, and that rotation "could have legs."
Its top ideas in the water group are Advanced Drainage Systems (WMS) and A.O. Smith(NYSE:AOS)- and they're among the top ideas for its entire coverage list.
However, turning to the longer term, later-stage end-market recoveries and municipal/infrastructure spend exposures could get "interesting" later in 2022. So it also sees longer-term upside in Evoqua Water Technologies (AQUA) and Hayward Holdings(NYSE:HAYW), using recent pullbacks for opportunistic buys.
Some rotation candidates in the second half are Mueller Water Products (MWA) and Xylem (XYL), which have the aforementioned heavy infrastructure exposure.
Meanwhile, Pentair(NYSE:PNR) becomes more interesting "as pool dynamics gain clarity," Baird says.
GBA BUY RATED
WMS
AQUA
VRTX-
Vertex Pharmaceuticals Incorporated
$239.4711.25(+4.93%)12:56 PM<-------
IOVA
Iovance Biotherapeutics, Inc.
$14.56 +0.73(+5.24%)12:55 PM 01/28/22
Vertex Pharmaceuticals Incorporated
$239.4711.25(+4.93%)12:56 PM<-------
IOVA
Iovance Biotherapeutics, Inc.
$14.56 +0.73(+5.24%)12:55 PM 01/28/22
