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If you want to know the simple reason for buying shares of online pet products retailer Chewy (NYSE:CHWY), it's this: Americans love their pets. And that's good news for Chewy stock.Source: Chie Inoue / Shutterstock.com It's not just that, though, as this sentiment also carries a significant dollar amount. According to the American Pet Products Association, we collectively spent $95.7 billion for our furry friends. Furthermore, this is estimated to move up to $99 billion by end of 2020. Therefore, Chewy stock is levered to one of the most relevant industries.Just as importantly, the household penetration rate for pet ownership in this country has steadily increased. For instance, back in 1988, the penetration rate was 56%. Fast forward 20 years later and this metric increased to 62%. Last year, according to the same pet association, 67% of households owned pets. So for stakeholders of Chewy stock, the novel coronavirus may actually...
House Democrats are putting together another coronavirus stimulus plan, which would cost about $2.4 trillion. The chamber could vote on the legislation, which would include unemployment benefits, direct payments, small business loans and airline aid, as soon as next week. Yahoo Finance’s Jessica Smith joins The Final Round panel to discuss.
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A proportional tax, also known as a flat tax, is a type of tax system that levies the same tax rate on everyone, no matter their income level. This system is in contrast to the progressive or marginal tax system … Continue reading ->The post What Is a Proportional Tax? appeared first on SmartAsset Blog....
A certificate of deposit, more commonly known as a CD, is a type of bank account that pays interest in exchange for the depositor leaving their funds in the account until it matures. A jumbo CD functions in the same way, … Continue reading ->The post What Is a Jumbo CD? appeared first on SmartAsset Blog....
(Bloomberg) -- Formidable Asset Management LLC, a hedge fund that bet on electric-vehicle maker Workhorse Group Inc., and battery maker Nano One Materials Corp. is now putting its money on a lithium mining company.The Cincinnati-based fund sees Lithium Americas Corp. as a “differentiated operator” within the sector that has imminent production, a strategic location for some of its operations and undervalued assets, the fund wrote in a research report on Friday.“Based on the valuation of its competitors (relative to their potential production/earnings) as well as recent prices paid for assets by its competitors, LAC’s current market cap is well below what we believe the value of its assets to be,” firm said in its report.The estimated fair value for the stock is between $15 and $22, which is significantly higher than its Sept. 24 close of $7.18. The stock gained 19% in U.S. trading on Friday and closed at $8.54 with...
Ahead of the China Auto Show 2020, Chinese electric vehicle manufacturer Nio Inc - ADR (NYSE: NIO) announced the first delivery Friday of the newest vehicle in its stable.Nio Meets Delivery Schedule: Nio announced via a tweet that it has officially begun deliveries of the EC6, its five-seater premium electric coupe SUV.The company launched the vehicle at the Chengdu Motor Show 2020 on July 24, and began accepting preorders immediately, with the promise of delivery starting by September.> Today, we officially began delivery of the EC6, our 5-seater premium electric coupe SUV. BlueSkyComing NIOEC6 pic.twitter.com/WDXRjQldw2> > -- NIO (@NIOGlobal) September 25, 2020A Drive Through The EC6: Nio's EC6 comes in three editions: Sporty, Performance and Signature.With the model's lightweight architecture, the EC6 has a drag coefficient of only 0.26. The EC6 has pre-installed Nio Pilot hardware and an internally developed advanced driver assistance system with features covering typical driving scenarios in...
