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More than $677 Million in Sales Expected for Cooper Tire & Rubber Co (CTB) this Quarter

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You read it right. Cooper Tire & Rubber Co (NYSE: CTB) is expected by Wall Street brokerages to announce sales of $677.88 million this fiscal quarter, according to Zacks Investment Research.

Estimates by four analysts of its earnings, put Cooper Tire & Rubber’s highest sales at $697.50 million and the lowest at $641.13 million.  Compared to the $720.75 million sales the firm posted in the same quarter last year, this is a negative year over year growth rate of 5.9% by Cooper Tire & Rubber Co.

With full-year sales estimates ranging between $2.78 billion and $2.86 billion, analysts expect Cooper Tire & Rubber Co.to report on average, full-year sales of $2.83 billion for this financial year and sales of $2.93 billion per share for the next financial year, with estimates ranging between $2.88 billion to $2.97 billion. It is expected the firm will release its next quarterly earnings report soon. These sales averages of Cooper Tire & Rubber provided by Zacks are based on a survey of analysts that cover the firm

When it last announced results of its quarterly earnings on Monday, April 30th, 2018, Cooper Tire & Rubber (NYSE:CTB) reported earnings per share of $0.16 for the quarter, a trifle $0.41 short of the prior consensus estimate of $0.57 by analysts.  In the same report, the company had $601.50 million in revenue during the quarter, a trifle less by $39.71 of the consensus estimate by analysts of $641.21 million. In addition, it had a return on equity of 11.73% and a 2.60% net margin. On a year over year basis, that was a 6.5% drop in revenue by Cooper Tire & Rubber Co., despite registering $0.57 earnings per share (EPS) during the same period last year.

Several analysts of equities research have in regard to the stock, lately weighed in. In its Wednesday, 7th March research note, ValuEngine for its part lowered Cooper Tire & Rubber’s shares from a “buy” to a “hold” rating. On their part, JPMorgan Chase & Co in their Tuesday, May 1st research note, lowered their target price on the shares of Cooper Tire & Rubber to $33.00 from an initial $40.00. More than that, it set on the stock, an “overweight” rating. B. Riley meanwhile reduced their target price on Cooper Tire & Rubber Company’s shares to $40.00 from a previous $50.00 but set a “buy” rating on the stock in its Tuesday, May 1st research note.

Earlier on, in its Tuesday, February 20th research note, TheStreet lowered Cooper Tire & Rubber’s shares from a “b” to “c” rating whereas Zacks Investment Research in a Thursday, February 22nd research note raised its shares of Cooper Tire & Rubber from a “hold” to a “buy” rating, and double set a target price on the stock of $37.00.

Overall, regarding Cooper Tire & Rubber Company’s stock, three (3) analysts have assigned it a “sell” rating, four (4) a “hold” rating and five (5) have assigned it a “buy” rating. The company therefore has an average rating of “Hold” against a $41.50 consensus price target.

Meanwhile, recently, several hedge funds, including institutional investors have modified their stock holdings. Crossmark Global Holdings Inc. for its part has during the 4th quarter, lifted its position in Cooper Tire & Rubber by 20.4%. Crossmark Global Holdings Inc. upon acquiring additional 1,629 shares during the same period now owns as many as 9,628 shares of Cooper Tire & Rubber Company’s stock valued at $340,000.

OppenheimerFunds Inc. also lifted its position in Cooper Tire & Rubber Co. by 7.1% during the 4th quarter. And now, after attaining an additional 1,645 shares during the period, owns 24,653 shares of the company’s stock valued at $872,000.

Furthermore, Capital Investment Counsel Inc. lifted by 17.2%, its position in Cooper Tire & Rubber during the same 4th quarter and now owns 16,050 shares of the company’s stock valued at $567,000 a result of acquiring during the same period, additional 2,350 shares.

During the same 4th quarter, UBS Asset Management Americas Inc. also lifted its position in Cooper Tire & Rubber by 5.6% and after further acquiring 2,346 shares during the period, now owns 44,481 shares of the company’s stock valued at $1,572,000.

Citigroup Inc. to cap all these modifications of holdings at Cooper Tire & Rubber lifted its position in by a massive 28.8% during the 1st quarter and as it stands, owns 12,748 shares of the company’s stock valued at $373,000 upon acquiring during the period, the additional 2,849 shares.

Meanwhile Shares of CTB on Tuesday opened at $26.85. The stock, besides having a market cap of $1.36 billion, also has a PE ratio of 8.66, a 3.58 P/E/G ratio and a beta of 0.46. The firm has a 0.25 debt-to-equity ratio, a 1.50 quick ratio and then a 2.59 current ratio. Cooper Tire & Rubber Co. has a 1-year low and 1-year high of $22.58 and $40.78 respectively.

Cooper Tire & Rubber Co also recently declared a quarterly dividend. This will be paid on Friday, June 29th. Meanwhile on Friday, June 1st, Investors of record were given a dividend per share of $0.105. The ex-dividend date was Thursday, May 31st. This development represents a dividend of $0.42 annually and a 1.56% yield. As it stands, the dividend payout ratio (DPR) of Cooper Tire & Rubber’s is at 13.55%.

About Cooper Tire & Rubber

Cooper Tire & Rubber has subsidiaries, and together, designs manufacture and markets replacement tires throughout North and Latin America, as well as Europe and Asia. The Company manufactures and then markets passenger cars, motorcycles, light trucks, and racing tires, including tire retread materials. It also distributes racing tires, motorcycles, and medium-size trucks.

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This article was written by @mirrors and edited by @flashfiction. This article can be found on PROFITRIBES.

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#3 Economies of Scale: https://steemit.com/business/@omniloquent/economiesofscale-ldbp306oun

Business

The Mexican Peso Explosion.

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Mexico’s peso jump high as sentiments improved because the country’s next president Andres Manuel Lopez Obrador may seek a kindred relationship with President Trump. In their meeting, Trump and Obrador talked The North American Free Trade Agreement, Border security and also a potential bilateral trade deal.

In the second quarter of 2018, the peso was one of the worst performers and this was mainly because the investors were scared of the leading contender’s leftist politics.

The peso showed a 2 percent increase(19.57 peso to 1 USD) on the 3 of July. This jump can be called the strongest closing level in more than a month.

The peso has benefitted from the high-interest rates(local) which have caused foreign investors to buy domestic bonds in Mexico by borrowing dollars.

Day traders and investors were encouraged after the meeting of the 2 Presidents and the fact that Lopez Obrador has pledged central bank autonomy and the peso being allowed to trade freely has helped a lot.

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This article was written by @warrior-sage and edited by @flashfiction. This article can be found on PROFITRIBES.

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#1 Blockchain Simplified: https://steemit.com/crypto/@omniloquent/why-is-the-blockchain-important

#2 Real Estate Investing: https://steemit.com/busy/@omniloquent/investinginrealestate-6ti7vr2lrq

#3 Economies of Scale: https://steemit.com/business/@omniloquent/economiesofscale-ldbp306oun

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A Brave New Browser

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Have you ever heard of basic attention token and their browser the brave browser? well, unlike many of the coins currently circulating through the market basic attention token has created a browser that they use to monetize websites. with this business model, basic attention token is able to provide true value with its platform.

Brave was created in early 2016 by Brendan Eich to help alleviate users from bandwidth sucking advertisements tracker’s and pop-ups that plague websites across the internet. This automatic ad blocker makes it so that the browser eliminates the need for any sort of extension and makes it so that your browsing experience is much quicker than its competitors.

The browser is available across all platforms, it is a solid competitor for the giants like safari, google chrome or Firefox.  I personally think it might actually be better than those browsers, it’s pop up blocker is pretty spot on and the claims of increased speed are verifiable.  I also have been able to save about 0.25 megabytes worth of data because I don’t have pop-ups when I’m streaming on my cell phone.

Pop-up blockers aside the most interesting thing about the brave browser is the basic attention token that supports the network. It is a ethereum based erc20 token whose goal is to provide advertisers the ability to purchase ad space and use your attention. Kind of like the product that google and facebook offer for their ad space. What makes this cryptocurrency novel is the fact that not only will advertisers have to pay for ads using basic attention token but users will be compensated for viewing ads in basic attention token.

This mind-blowing decision to pay someone for an activity that was initially bothersome fundamentally changes the way digital ads are delivered. The current model depends on third-party tracking services such as browsing history cookies in search queries that are compiled by middlemen and connect advertisers with users. The basic attention token removes this need for third-party tracking a middleman by matching and delivering ads locally from a catalog of available at and offers.

This method of advertisement delivery has its benefits Because it protects your privacy by keeping your browsing history private, without sacrificing accuracy in ad matching for advertisers. This basically means that if you would like pop-ups to appear, register your website and social media account with [Brave](www.brave.com). Users can then decide to give a set amount of basic attention token to the content creators that they frequent the most.

If you’re interested in a possibly faster-browsing experience and let’s pop-ups then I suggest giving the brave browser a try.

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This article was written by @bulma and edited by @flashfiction. This article can be found on PROFITRIBES.

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Business

Rich and Poor

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I will start this article off by saying in no way am I a financial expert, or advisor. I am simply a young man who has spent many hours studying crypto, investing, and wealth in general and I would like to share my thoughts and findings with you. I have read multiple books around wealth including “The Richest Man In Babylon” and “Rich Dad Poor Dad”. I have also spent time studying family members who are successful, and who are not.

The first thing that sticks out to me about poor people is, they are afraid to take risks. I first began thinking about this topic while I was reading “The Richest Man in Babylon”. One of the lessons in the book was to be ready for opportunities and take them when they present themselves. Many people fail to prepare or are simply too afraid to act on the opportunities presented in their lives. Both are detrimental to their financial success, and can ultimately lead them to continue their poor mindset. I have also seen this in my life as well, with family members telling me stories of opportunities they missed, whether that be stocks they wanted to buy at bargain prices or prime real estate they passed on. Their reasoning behind each mistake was actually being afraid to make a mistake. When I see people who have generated great wealth, they talk about opportunities they took and ran with. The funny thing is many people did not see the opportunities back then or believed they were poor or would ultimately fail. However, the select few of those who took the opportunities used them to generate great wealth and prosper. Also, another important point to mention around the topic of risk, is these are calculated risks they are not “shots in the dark.” The successful people take time to prepare and understand the risk-reward ratio for each opportunity.

Do you work for money, or does money work for you? If you cannot answer this question or you would have to admit that you work for money, then ultimately your mindset is poor. This is the greatest way to generate wealth, in turn, it is also the most difficult thing to actually accomplish. What I mean by working for money is that you wake up every morning head to a job where you work for a set amount of hours, get paid a set amount of money, but ultimately you are working to make someone else rich. You are making your boss’s pockets bigger as well as the government’s. On the other side of things, if money works for you, your the one who is truly generating wealth. This can be a number of things, whether it be owning your own business, setting up a corporation (a great “hack” for the wealthy), or investing. Each of these vessels is a great way to reach your wealth creation goals, and ultimately you have to practice and learn about each to be able to take advantage of them. This is a really interesting topic, and one I plan on going deeper into it soon in another article!

Assets, assets, and more assets. Building on the previous idea of making money work for you buying assets is the best way to do this. To understand assets you must first know the difference between a liability and an asset. A liability is something that takes money out of your pocket, while an asset is something that puts money in your pocket. This is a very simple but effective definition of the two. An example of a liability would be your personal home or car. Both require you to pay money on a monthly basis, and the occasional fix for each. But on the other hand, an asset, like real estate, or stocks with dividends pay you on a monthly basis. Now obviously this is much easier said than done, real estate and investment are very trick, and require years of learning and experience to master, but if you know how to generate wealth you are a lot closer to actually doing it! Your own business is another example of an asset. A sort’ve secret “hack” the rich take advantage of is creating corporations. This is because corporations receive government tax breaks, and also take some of the risks of being sued for your assets away. Many people don’t understand a corporation does not require an office or a set number of people working for you. You simply need to pay a small fee and report certain financial documents to the government.

The last point of this article is maybe the most important. Poor people simply don’t take the time to educate themselves financially. The rich spend much more time educating themselves, than worrying about what other people are doing. They educate themselves on taxes, income, markets, and more. And due to their education, they realize they need to hire people to help them with managing their wealth, this includes lawyers accountants, assistants, and more. Again this is another example of making your money work for you. You are paying them to save you money, and generate income for you. It’s a very simple idea, but it is often times overlooked. They also understand ways to generate income, and ways to get around paying more taxes. Take the time to educate yourself financially, and see the impact it has on your wealth generation!

I hope this article helped you learn, and also take a look at how you are currently operating. Are you making money work for you? Are you scared to take calculated risks? I would love to hear your comments below! I would greatly appreciate if you upvote this article, resteem it, and follow me!

Follow me on Twitter @thecryptosky and shoot me a DM!

Listen to my crypto podcast, and check out my website thecryptosky.com

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This article was written by @bullsvsbears and edited by @flashfiction. This article can be found on PROFITRIBES.

Do you want to make REAL money writing?

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#1 Blockchain Simplified: https://steemit.com/crypto/@omniloquent/why-is-the-blockchain-important

#2 Real Estate Investing: https://steemit.com/busy/@omniloquent/investinginrealestate-6ti7vr2lrq

#3 Economies of Scale: https://steemit.com/business/@omniloquent/economiesofscale-ldbp306oun

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