Trading with Crypto Exchanges and Crypto CFDs: Which is Better?

crypto cfd

CFD could be a very foreign word for a crypto trader, but for traditional market traders, it is one of the most useful assets to trade with on different markets. CFD is an abbreviation for Contracts for Difference, which are basically assets that help you “buy a price” and not the asset itself. It may sound a bit confusing, but it is still quite easy to understand once you know the basics.

The primary difference between actual cryptos and crypto CFDs is the ownership. Meaning that when you are trading on a crypto exchange, you are …

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IMBI – iMedia Brands Reports Third Quarter 2020 Results

MINNEAPOLIS, Nov. 24, 2020 (GLOBE NEWSWIRE) — iMedia Brands, Inc. (the “Company”) (NASDAQ: IMBI) today announced results for the third quarter ended October 31, 2020.Third Quarter 2020 Summary & Recent HighlightsActive customer file grew by 4% year-over-year, driven by a 31% growth in new customers.Q3 net sales were $109.0 million, a decline of 5% compared to same prior-year period, which was the best year-over-year quarterly net sales performance in more than two years. This success was primarily driven by 49 exciting new brands launched so far this year that have generated approximately 21% of our year-to-date net sales, the highest percentage in any nine-month period in the Company’s 30-year history.Q3 gross margin was 37.4%, a 130-basis point improvement over the same prior-year period. Year-to-date gross margin was 37.2%, a 370-basis point improvement over the same prior-year period.Shaq kitchen products launched in over 2,000 Target and Sam’s Club stores in October 2020.Completed an oversubscribed common equity raise in August 2020, increasing institutional ownership and strengthening the balance sheet as the Company positions for growth.Q3 net loss was $4.7 million, a $2.0 million improvement over the same prior-year period. Year-to-date net loss was $10.5 million, a $27.4 million improvement over the same prior-year period.Q3 adjusted EBITDA was $6.4 million, a $7.4 million improvement over the same prior-year period. Year-to-date adjusted EBITDA was $15.5 million, a $24.7 million improvement over the same prior-year period.Float Left’s OTT SaaS proprietary platform, Flicast, generated a 100% year-over-year increase in demand¹ in Q3 as it continues to launch high quality OTT apps for clients on over 12 different internet-based video platforms.Company’s newest consumer brand, J.W. Hulme, premiered on both ShopHQ and ShopBulldogTV during Q3 and exceeded internal sales forecasts by offering customers an engaging assortment of men’s and women’s accessories.CEO Commentary“Q3 was another strong performance from our entrepreneurial-minded employees and vendors,” said Tim Peterman, CEO of iMedia Brands. “We are passionate about capturing our opportunities, and it shows.”Third Quarter 2020 ResultsLiquidity and Capital ResourcesAs of October 31, 2020, total unrestricted cash was $19.0 million, an increase of $8.7 million from prior-year end. Net debt at the end of Q3 was $33.6 million, a $25.1 million reduction from prior-year end. The Company also had an additional $11.3 million of unused availability on its revolving credit facility.OutlookIn Q4, iMedia Brands anticipates posting adjusted EBITDA in the mid-to-high single-digit millions. The Company also continues to believe that the pandemic’s effect will be reduced because it has a direct-to-consumer revenue model that serves customers who seek to buy goods from the comfort of their own homes, and it is not dependent on the traditional advertising dollars from national advertisers who are impacted by the continued disruption of the brick and mortar shopping experience._____________________________¹ Demand defined as total value of new contracts during the period.Conference CallThe Company will hold a conference call today at 8:30 a.m. Eastern time to discuss its third quarter 2020 results.Date: Tuesday, November 24, 2020Toll-free dial-in number: (877) 407-9039International dial-in number: (201) 689-8470Conference ID: 13712618Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at (949) 574-3860.The conference call will be broadcast live and available for replay here and via the Investors section of the iMedia Brands website at www.imediabrands.com.A replay of the conference call will be available after 11:30 a.m. Eastern time on the same day through December 8, 2020.Toll-free replay number: (844) 512-2921International replay number: (412) 317-6671Replay ID: 13712618About iMedia Brands, Inc.iMedia Brands, Inc. (Nasdaq: IMBI) is a leading interactive media company that owns a growing portfolio of lifestyle television networks, consumer brands and media commerce services. Its brand portfolio spans multiple business models and product categories. Its television brands are ShopHQ, ShopBulldogTV, ShopHQHealth and LaVenta. Its media commerce services brands are Float Left Interactive and i3PL. Its consumer brands include J.W. Hulme, Live Fit and Indigo Thread. Please visit www.imediabrands.com for more investor information.Contacts:Investors:Gateway Investor RelationsCody SlachIMBI@gatewayir.com(949) 574-3860Media:press@imediabrands.com(800) 938-9707(a) Transaction, settlement and integration costs for the three and nine-month period ended October 31, 2020 includes consulting fees incurred to explore additional loan financings, settlement costs, and incremental COVID-19 related legal costs. Transaction, settlement and integration costs, net, for the three and nine-month period ended November 2, 2019 includes a $1.5 million gain for the sale of our claim related to the Payment Card Interchange Fee and Merchant Discount Antitrust Litigation class action lawsuit, partially offset by costs incurred related to the implementation of our ShopHQ VIP customer program and our third-party logistics service offerings of $721,000.Adjusted EBITDAEBITDA represents net income (loss) for the respective periods excluding depreciation and amortization expense, interest income (expense) and income taxes. The Company defines Adjusted EBITDA as EBITDA excluding non-operating gains (losses); executive and management transition costs; restructuring costs; non-cash impairment charges and write downs; transaction, settlement, and integration costs, net; rebranding costs; and non-cash share-based compensation expense. The Company has included the “Adjusted EBITDA” measure in its EBITDA reconciliation in order to adequately assess the operating performance of its television and online businesses and in order to maintain comparability to its analyst’s coverage and financial guidance, when given. Management believes that the Adjusted EBITDA measure allows investors to make a meaningful comparison between its business operating results over different periods of time with those of other similar companies. In addition, management uses Adjusted EBITDA as a metric to evaluate operating performance under the Company’s management and executive incentive compensation programs. EBITDA and Adjusted EBITDA are both non-GAAP measures and should not be construed as an alternative to operating income (loss), net income (loss) or to cash flows from operating activities as determined in accordance with generally accepted accounting principles (“GAAP”) and should not be construed as a measure of liquidity. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. The Company has included a reconciliation of the comparable GAAP measure, net income (loss) to Adjusted EBITDA in this release. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995This document may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact, including statements regarding the expected impact of COVID-19 on television retailing are forward-looking. The Company often use words such as anticipates, believes, estimates, expects, intends, seeks, predicts, hopes, should, plans, will and similar expressions to identify forward-looking statements. These statements are based on management’s current expectations and accordingly are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein due to various important factors, including (but not limited to): variability in consumer preferences, shopping behaviors, spending and debt levels; the general economic and credit environment, including COVID-19; interest rates; seasonal variations in consumer purchasing activities; the ability to achieve the most effective product category mixes to maximize sales and margin objectives; competitive pressures on sales and sales promotions; pricing and gross sales margins; the level of cable and satellite distribution for the Company’s programming and the associated fees or estimated cost savings from contract renegotiations; the Company’s ability to establish and maintain acceptable commercial terms with third-party vendors and other third parties with whom the Company has contractual relationships, and to successfully manage key vendor and shipping relationships and develop key partnerships and proprietary and exclusive brands; the ability to manage operating expenses successfully and the Company’s working capital levels; the ability to remain compliant with the Company’s credit facilities covenants; customer acceptance of the Company’s branding strategy and its repositioning as a video commerce Company; the ability to respond to changes in consumer shopping patterns and preferences, and changes in technology and consumer viewing patterns; changes to the Company’s management and information systems infrastructure; challenges to the Company’s data and information security; changes in governmental or regulatory requirements; including without limitation, regulations of the Federal Communications Commission and Federal Trade Commission, and adverse outcomes from regulatory proceedings; litigation or governmental proceedings affecting the Company’s operations; significant events (including disasters, weather events or events attracting significant television coverage) that either cause an interruption of television coverage or that divert viewership from its programming; disruptions in the Company’s distribution of its network broadcast to customers; the Company’s ability to protect its intellectual property rights; our ability to obtain and retain key executives and employees; the Company’s ability to attract new customers and retain existing customers; changes in shipping costs; expenses related to the actions of activist or hostile shareholders; the Company’s ability to offer new or innovative products and customer acceptance of the same; changes in customer viewing habits of television programming; and the risks identified under Item 1A(Risk Factors) in the Company’s most recently filed Form 10-K and any additional risk factors identified in its periodic reports since the date of such Form 10-K. More detailed information about those factors is set forth in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this announcement. the Company’s is under no obligation (and expressly disclaim any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

BA – Alaska's Relatively Modest New Deal For 13 More Boeing 737 MAXs Sends A Clear Message To Markets & The Industry

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Now that the FAA has lifted its grounding order against the Boeing 737 MAX the airplane maker – and … [+] largest exporter in value of U.S.-made goods – has 450 already made planes that it must deliver, including more than 100 for whom no buyers have been lined up. Alaska Airline’s deal to lease 13 MAXs from Air Lease Corp. announced Monday is the first order placed for MAXs since the un-grounding on Nov. 18. (David Ryder/Getty Images)
Getty Images
Somebody had to be the first one to do it.
And it somehow seems appropriate that it was Seattle-based Alaska Airlines who became the first airline in the world to acquire new Boeing 737 MAX jets just three business days after the controversial MAX officially was released from its 20-month grounding by the Federal Aviation Administration. After all, Alaska is “home team” for Boeing, which though headquartered in Chicago since 2001 long has been an institution in the Seattle area, where its 737s are made.
Now, technically, Alaska – a distant No. 5 in the rankings of U.S. airlines by size behind American, Southwest, Delta and United – isn’t ordering new MAXs directly from Boeing. Rather, it cut a deal with Air Lease Corp., a large airplane leasing company run by the father of modern aircraft leasing, Steven Udvar-Hazy
Hazy, whose family fled to the United States when he was 12 to escape the Soviet occupation of their native Hungary, ranks 179th on the FORBES 400 list with an estimated worth of $4.1 billion. Air Lease Corp. originally ordered 139 MAX jets, in various size versions, 15 of which it had taken delivery of prior to the global grounding of MAX planes in March 2019.

Acquiring just 13 planes – which at an estimated price of around $125 million each makes the deal worth about $1.6 billion when calculated by theoretical sales price – does not qualify as a particularly large deal by industry standards. But make no mistake about it, Alaska’s move to quickly acquire 13 737 MAX 9s, which will be added to the 32 MAXs it already has in its fleet or on order, is still very much a big deal for both Alaska and Boeing.
It will it help Boeing bit in whittling down the global inventory of 837 built-but-out-of-service MAXs. Of those, 387 had been delivered to customers before the grounding 20 months ago. Another 450 or so were built after the grounding. And more than 100 of those 450 built-but-not-delivered MAXs currently parked at various Boeing facilities around the state of Washington are so-called “White Tails;” planes that are not sold or even promised to particular customers.

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Thus, even though the MAXs that Alaska will be getting from Air Lease Corp., won’t come from Boeing’s pool of homeless airplanes, Alaska’s acquisition sends a loud message that the MAX continues to be a strong competitor to rival Airbus’ A321neo and other versions of the A320 family of single-aisle planes.
The A321neo was built as a direct competitor to the largest and longest-range versions of the MAX. The full breadth of the A320 family of planes – now augmented by the smaller A220 – competes head-to-head against the full range of Boeing 737 family of planes. Since the grounding, Airbus has landed a huge percentage of sales the 120- to 220-seat narrow body segment. Though narrow body planes lack the enormous price tags, seating capacities and flight ranges of big widebody planes used mostly on international routes, they are the economic backbones for both Airbus and Boeing.
Historically, far more narrow bodies have been sold than wide bodies, especially to U.S. carriers. Big conventional airlines need hundreds of narrow body planes each to bring passengers from huge swaths of the nation to their hubs, where those traveling to foreign destinations can transfer to widebodies for long haul flights over oceans. Without all those narrow body “domestic” planes, there would be need for the grander, sexier wide bodies. Furthermore, with only a few exceptions, mold-breaking discount carriers stick with single-aisle planes because they typically target price-sensitive travelers flying within domestic or “near international” markets, where smaller capacity planes are ideal for meeting demand and doing so at relatively lower costs. As a result the 60-year-old 737 line of planes and the 33-year-old A320 line of planes are seen, respectively as Boeing’s and Airbus’s bread-and-butter products.
In Alaska’s case, between the 13 MAX 9s it will lease from Air Lease Corp., the 32 MAXs it has on order, and additional MAX planes it is almost certain to order in the near future, it will be able to once again become an all-Boeing operator in just a few years. It was an all-Boeing airline until it acquired Virgin America in 2016 and took on its fleet of A320s and A319s, plus the A321neos that Virgin America had on order at the time.
The process of replacing Aibus planes with Boeing MAX planes will begin late next year when Alaska will sell of its A320s to Air Lease Corp. and take delivery of 13 MAXs between the fourth quarter of 2021 and the end of 2020. The plan calls for Alaska then to lease those same A320s back into its fleet on a short-term basis until enough additional MAXs become available for those 10 Airbuses to leave Alaska’s fleet permanently. This new deal, along with Alaska’s decision to park permanently all of its A319s and some of its A320s this summer, will leave the airline with just 39 A320 and 10 A321neos in its fleet after 2022, and those planes will be phased out thereafter as more MAX planes joins the fleet.
Airbus officials see the current demand environment, which has been greatly disrupted by the Covid-19 pandemic, as an opportunity for it, as something of a niche competitor, to expand its reach into new and existing markets by offering more seats to leisure travelers. Because of the fear of coronavirus and companies’ aversion to the physical and financial risk related to putting their employees on the road, business travel demand has plummeted by 80% over from what it was pre-pandemic. But Alaska, like a number of other smaller airlines, view the situation as an opportunity to use their nimbleness that stems from not having complex international route networks and fleets to shift quickly to aim more at leisure travel markets. The 13 MAXs Alaska is leasing from Air Lease Corp., the 32 it already has ordered from Boeing, and additional MAXs it is likely to order in the near future will allow it grow in those markets with its preferred aircraft type.
The deal shows just how intense the A320/321neo vs. 737 Max (which comes in four versions) will be over the balance of the decade. Both families of single aisle jets are being marketed as super-efficient types for future competition in large population markets like the domestic U.S. market, the intra-European market, China’s domestic market, the Southeast and Southern Asia markets, the domestic Australian market and the intra-South American market. Not only do both lines offer fuel cost efficiencies of 15% or more over their predecessor aircraft, the also tend to be larger than the earlier generations of A320 and 737 aircraft. That means they can carry even more passengers at lower fuel and  operating costs.
The Alaska deal announced Monday also shows that Boeing very much remains as a strong Airbus competitor. Of course, that was always going to be case, assuming the MAX was ever approved to fly again, because neither manufacturer has enough capacity to meet 100% of global demand for such planes. In fact, both would struggle to meet even 60% of global demand for single aisle airliners, even at today’s Covid-19-depressed levels of demand. But plenty of investors and some travel industry analysts fretted prior to the un-grounding of the MAX planes that Boeing might be forever compromised as a maker of single aisle planes, or even as a maker of widebodies, too.
To be sure, Boeing faces enormous financial and engineering challenges ahead. No only must it find a way to recover from the billions of dollars in sales it lost during the grounding – and likely will continue losing while it gears back up during a time of pandemic and dramatically reduced travel demand. It also must win back the trust of airlines, some of which switched orders and their allegiance to Airbus during the grounding period.
Boeing also is likely to begin work at some point in the next few years on its next generation of narrow body jets to begin the natural process of replacing the MAX generation of jets. That design effort promises to be both difficult and expensive because the base 737 design, which dates back to the mid-1960s, probably has been stretched and altered about as much as it can be. Thus, its eventual replacement is likely to be an entirely new design that will need to incorporate potentially radical new design concepts, materials and process, all of which will increase the cost, time and risk involved in bringing such a plane to market. Whether Airbus will need to match that move to remain competitive in the decades ahead, or if it can further modify the younger A320 design to continue competing without as large a future investment is not yet clear.
But clearly, in the short term Alaska’s decision to jump back on the MAX bandwagon so quickly after the FAA gave the plane its wings again will give other airlines around the world the public relations and investor relations cover they may need to begin ordering MAXs again.
That does not mean necessarily that Airbus will see its orders for A320 family planes slack off as some carriers begin ordering Boeing planes again. It does, however, point to continued and likely long-term marketing battles between the world’s two big aircraft makers. And, assuming no further major design problems or groundings impact either company, it likely also will serve as a huge roadblock to any future successes for China’s COMAC and Russia’s United Aircraft Corporation.
Both state-controlled companies have struggled for decades to develop single aisle airliners that can compete with Boeing and Airbus products in terms of mechanical quality, comfort and, especially, operating economics. Now the two companies are working together on the CRAIC CR929, a joint venture widebody plane that could seat between 250 and 320 passengers and that the two companies hope will be ready to enter service by 2029.
Both COMAC and UAC say their planned widebody is aimed at breaking up the Airbus-Boeing duopoly. But without much success at selling their respective single aisle aircraft, it’s not clear how the two companies could afford – short of massive government investment that would run afoul of international competition rules – to create the kind of cutting-edge widebody they would need to make a serious impact in that market. Nor is it clear how they will be able to convince airlines around the world to gamble on their planned new widebody plane when their track record in the production of narrow body jetliners has been poor.

GPS – Should You Invest In Gap Inc's Stock Now?

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LONDON, UNITED KINGDOM – 2020/08/22: American worldwide clothing and accessories retailer, Gap logo … [+] seen in Central London. (Photo by Keith Mayhew/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
Gap Inc’s stock (NYSE: GPS) gained more than 10% last week while the S&P 500 fell nearly -1%. Nearly a month ago we argued that Odds Are That Gap Inc’s Stock Will Go Up. Turns out that Gap’s stock has climbed nearly 25% in the month of November. While positive developments regarding a Covid-19 vaccine played their role, there is more to Gap that can sustain its momentum. Why do we say this? Because its fundamentals as well as our AI engine, that analyzes past patterns in stock movements to predict near term behavior, suggest so. Let’s see what might be in store for Gap’s investors.
What the AI engine says – Based on past pattern analysis, our AI engine predicts expected return for of 3.6% for Gap’s stock over the next 1 month. The expected return for 3 months and 6 months is significantly higher at 12.3% and 21.6%, respectively. Our detailed dashboard highlights the expected return for Gap given its recent move, and can also use this to understand near-term return probabilities for different levels of movements.
But what about the fundamentals? Our dashboard Big Movers: Gap Moved 10.6% – What Next? lays this out, suggesting that the more probable way for Gap Inc’s stock now is up.

Despite the impact of Covid-19, Gap’s stock price has increased nearly 38% this year. This is, in fact, at odds with how the stock behaved between 2017 and 2019, suggesting that the worst might be over for investors. At the beginning of this year, Gap’s trailing 12 month P/S ratio was 0.4. This figure decreased -20% to 0.32, before ending at 0.35. Compared to Gap’s P/S multiple of 0.35, the figure for its peers FL, and CASY stands at 0.71 and 0.77, respectively, indicating significant room for growth. If we look historically, we find that Gap’s P/S ratio has remained above 0.5, which again reinforced the likelihood of multiple expansion as the demand bounces back. The underlying growth, except for margins, supports this. Gap’s revenue has increased 3.3% from $15,855 Mil in 2017 to $16,383 Mil in 2019, although margins declined from 5.3% to 2.1% during the same time frame. The last 12 months show a completely different picture but that was expected, and temporary, due to Covid-19 restrictions. Overall, we believe that Gap could be still be a good investment.

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ROKU – ROKU Stock Price: $315 Target By Needham

Shares of Roku Inc (NASDAQ: ROKU) have received a price target increase from $255 to $315 by Needham & Company. These are the details.
Shares of Roku Inc (NASDAQ: ROKU) have received a price target increase from $255 to $315 by Needham & Company. And Needham analyst Laura Martin is maintaining a “Buy” rating on the Roku shares. 

Martin noted that even though the company benefitted from the dramatic reallocation of consumer spending in 2020 due to the COVID-19 pandemic. And Martin also sees the shares benefiting from connected TV (CTV) trends over the long-term.
Plus Martin also cited accelerated cord-cutting with 43 million remaining streaming-only U.S. homes as there is an increasing proliferation of streaming devices per home and the rising upfront advertising available to CTV along with the demographic shifts forcing advertisers to adopt CTV faster.

The stock price of Roku increased 19.11% over the last week and 26.63% over the last month. The price target imputes a 13.9% upside to the current stock price.
Disclosure: I have a small ROKU position in my stock portfolio.