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Wells Fargo Bans Restricts Crypto Purchases on Credit Cards

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Wells Fargo, one of the United States’ largest institutions when it comes to financing has decided to ban all cryptocurrency purchases on credit cards that they issue. Although the abovementioned company restricted such purchases few months after other leading banks such Citigroup. JP Morgan and Bank of America, there are still a lot of people who are worried about their actions.

In the middle of all these, Shelley Miller, a representative from Wells Fargo has announced that such restriction will be temporary as the company is still on the process of evaluating the market. She has also assured everyone that this is in line with the entire industry and such measures taken by the company is to lessen the risks which the cryptocurrencies’ volatility brings.

It can also be noted that the majority of the Well Fargo clients are satisfied with the moves taken by their company. Accordingly, this is one great way to limit those who are using their credit cards to fund finance their crypto shopping which consists of 18% of all the crypto investors. A study made by LendEdu, a credit, and loan firm in the US has stated that out of the 18% crypto investors who use their credit cards in purchasing cryptocurrency, one-fifth of them were not able to pay back their loaned amount.

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ICO / Crypto

In a bloodbath be a market vampire

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Cryptocurrency is hemorrhaging and im a hungry vampire

Since the beginning of 2018 the cryptocurrency markent has experienced an epic sell off. Currently 90% of all cryptocurrencies are down atleast 80% from their highs a year ago. Some of you probably think this is the end of Bitcoin, but it is more likely the end of many Shitcoins with inactive platforms or illconcieved concepts. It is likely that over the next few months many coins will begin to get delisted a their values drop below $0.00, only the strong will survive this rapture.

You’ll live if you have an active platform

Platforms like Stellar, Binance, and Steemit are likely to endure through this apocolypse mainly due to their strong platforms and huge fanbases that, not only believe but also work hard to keep the blockchain running as a commnity. The coins that are still hinged upon promises and illusions will fall to oblivion. Take this time to evaluate you portfolia and rid yourself of shitcoins and prepare for the great buying opportunity that is about to present itself.

The long road ahead

The last bitcoin bear market lasted around 14 months and when it ended it still took nearly a year for crypto to really rally in 2017. This recession was an inevitable happenstance that many professional analysts predicted. In 2018 all the rumors were that Bitcoin would drop over 70% before rebounding and surpassing its all time highs. With all this news about institutional investments coming into cryptocurrency It is doubtful that the industry is dead. On the contrary I think it is the beginning of a new period in the crypto economy. Regulation is coming and when that happens the Institutional investors will begin pumping crypto as they build their corporate positions for the future.

### Watch the charts

Right now is not a very good buy situation but it would be a good idea to open positions after BTC droppes below $6000 because a strong rebound is likely. I say that because around $5900 is the mining profitability threshhold. We all know miners control the BTC market so it is a logical pivot and point of support for bullish traders. Try to average into the market and remember that your in it for the long haul.

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Lands’ End Surges After Loss, Revenue is Above Expectations

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Land’s End Inc. has surged to 6.4% during the premarket trade which boosted their chance to open at a two-year high. This is after the loss which the clothing lines, accessories and even home products have encountered during the first quarter of 2018.

This company’s performance during the first quarter to May 4 is a struggle with $2.6 million net loss or is equivalent to 8 cents per share. According to two analysts, the estimated average per share loss is 17 cents.  The revenue rose 12% to $299.8 million which is above the estimates released by FactSet which is only at $285 million. The company’s retail segment has declined 34% to $26.5 million due to the Sears stores of Land’s End Inc.

The company’s stock is up by 20.2% while the SPDR S&P Retail has achieved a 10.8% climb and the S&P 500 has gained 4.1%.

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This article was written by @valerie15 and edited by @flashfiction. This article can be found on PROFITRIBES.

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Omniloquent was brought to you by @yallapapi.

Recommended reading:

#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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Ulta Beauty Looking Good Post-Q1

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The 2018 first quarter report of Ulta has pushed it to climb the charts even more. In addition, the company and its strategic efforts, impressive marketing approach, and store-growth initiatives have driven and increased its very impeccable results.

With all these being said, Ulta shares are up by 2.5% since May 31, just a few days after it has released its quarterly results. It has outperformed the industry’s 10.2 upsides with its 21.9% advancement and continues to be one of the most promising stocks as it ranks #3 in Zacks.

In addition to all these, most of the analysts are growing bullish on Ulta due to its obvious solid uptrend as far as earnings estimates are concerned.  Zacks Consensus Estimate of $10.92 for the year 2018 and $12.76 for 2019 increased 16 cents and 2 cents in the past 30 days. Also, the company’s long-term earnings growth rate of 18.6% and VGM Score of A is something that deserves an applaud.

Solid Results in Quarter 1 and a Surprising Trend

The earnings and revenue history of Ulta Beauty is full of surprises.  During the first quarter of 2018, it was able to revert the three-year-long positive trend of earnings after missing out in its preceding quarter.  One of the good news that this stock has brought to us it was able to beat 16 out of 18 quarters in the past few years. Certainly, there is an improvement annually and this fueled by the improved market share gains, the impact of the loyalty programs and the solid e-commerce business as well as its growth initiatives.

The company also has a very impressive strategy in balancing online engagement and physical store performances. With its e-commerce sales, it was able to turn a total of 48% growth during the first quarter of 2018.  This upside is also driven by 38% traffic growth and 52% traffic surge in mobiles. In fact, the company is targeting 40% growth for the entire fiscal year of 2018.

Company Initiatives

As what we have already established earlier, the loyalty program of the company has significantly contributed to the positive results of the company. It truly has boosted the profitability and the top line of the entire company.  The loyalty program offered by Ulta Beauty is one of the leading drivers for its best results for the quarter 1 of this year.

Aside from this loyalty program, the company also has taken initiatives in increasing the value they offer to their members through their Ultimate Rewards system. This has brought them a 17% increase in membership and patronage. Also, the sales per member, retention rates, and the shopping frequency of consumers have turned the first quarter of 2018 a solid one.

Aside from increasing the value of services they offer to their customers, Ulta Beauty also worked hard for its expansion plans to be realized. This year, it is already on its way in opening its 100th store. This is for them to reach out to more patrons and consumers all over the region, if not the whole world.
Being the one-stop shop for beauty and salon products, Ulta Beauty has managed to create a niche market by the solid mix of beauty products. Aside from the variety of products they offer, they make sure that patrons can get quality products in a discounted amount plus the benefit of other services which can all be found in one roof. There is no need to look for other places because everything that you need is already here.

A Wrap-up

Although the high SG&A and pre-opening expenses have made the company wrestle with soft margins. It is still possible that Ulta Beauty is capable of offsetting these margin declines with its impressive marketing strategies.

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This article was written by @valerie15 and edited by @flashfiction. This article can be found on PROFITRIBES.

Do you want to make REAL money writing?

  • Writers earn 50% of the SBD payout of all cryptocurrency/finance posts they submit. Send all submissions to editor@storyhackers.club.

Join the Discord Channel: https://discord.gg/56Pnrwc

Omniloquent was brought to you by @yallapapi.

Recommended reading:

#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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