Elon Musk’s SpaceX Rocket Launch Caused Traffic Jam, Three-Car Pileup

Los Angeles drivers are more than capable of causing a traffic jam on their own, but they recently got a little help from Elon Musk. Musk’s aerospace company, SpaceX, conducted its final Falcon 9 rocket launch of 2017 on Friday, causing westbound motorists on United States Interstate 10 to slow to a …

Elon Musk’s SpaceX Rocket Launch Caused Traffic Jam, Three-Car Pileup

by on Wed, Dec 27, 2017 at 12:02PM

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Los Angeles drivers are more than capable of causing a traffic jam on their own, but they recently got a little help from Elon Musk.

Musk’s aerospace company, SpaceX, conducted its final Falcon 9 rocket launch of 2017 on Friday, causing westbound motorists on U.S. Interstate 10 to slow to a crawl as they looked at the sky. One driver, however, paid too much attention to the sky, and not enough to the road.

Mark Sales posted a YouTube video Saturday that showed dashcam footage of a white minivan slamming into a Toyota Corolla, hurling the sedan into the back of a Toyota Highlander, which was about two car lengths ahead. Based on how fast the minivan was traveling when the crash occurred, the driver likely hadn’t looked at the road since the two Toyotas started braking 15 seconds earlier — which is slightly terrifying.

At 65 mph, for perspective, a car covers about 95 feet per second, suggesting the motorist could have been staring at the sky for nearly an entire mile. And that’s a conservative estimate, because the speed limit on I-10 in California is 70 mph.

The twittersphere interestingly was just as chaotic around the time of the Falcon 9 launch, as not many people in southern California were aware it was taking place. As a result, the unusual shape of the rocket’s tail led many to wonder if the U.S.-North Korea standoff finally had reached a tipping point, and others speculated if the sight was related to The New York Times’ recent report about the Pentagon’s secret UFO research program.

Goldman Sachs Group Inc (NYSE:GS) Shares Bought by Afam Capital Inc.

Vanguard Group Inc. grew its position in shares of Goldman Sachs Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares in the last quarter.

Goldman Sachs Group logoAfam Capital Inc. boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,547 shares of the investment management company’s stock after buying an additional 526 shares during the quarter. Afam Capital Inc.’s holdings in Goldman Sachs Group were worth $4,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in GS. BlackRock Inc. grew its position in shares of Goldman Sachs Group by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Goldman Sachs Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares in the last quarter. Capital World Investors grew its position in shares of Goldman Sachs Group by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares in the last quarter. Capital Research Global Investors grew its position in shares of Goldman Sachs Group by 4.0% in the second quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares in the last quarter. Finally, Greenhaven Associates Inc. grew its position in shares of Goldman Sachs Group by 2.5% in the second quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after purchasing an additional 91,200 shares in the last quarter. 73.27% of the stock is owned by institutional investors and hedge funds.

In related news, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,177 shares of company stock worth $32,435,160. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group Inc (NYSE GS) traded down $1.25 on Wednesday, hitting $257.72. The stock had a trading volume of 1,289,300 shares, compared to its average volume of 3,256,835. The stock has a market capitalization of $97,680.00, a P/E ratio of 13.39, a P/E/G ratio of 1.13 and a beta of 1.46. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $262.14.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.88 earnings per share. analysts expect that Goldman Sachs Group Inc will post 19.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.16%. Goldman Sachs Group’s dividend payout ratio is currently 15.58%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Wells Fargo & Co reissued an “outperform” rating and set a $295.00 price objective (up previously from $265.00) on shares of Goldman Sachs Group in a research note on Wednesday, December 20th. Vertical Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Bank of America lifted their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $248.10.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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Is Ellington Financial LLC (EFC) a Sell? The Stock Reaches Yearly Low Today

… residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; mortgage servicing rights; and real property and mortgage-related derivatives. It has a 16.91 P/E ratio. The firm also invests in corporate debt and equity securities, …

December 27, 2017 – By Ellis Scott

Investors sentiment decreased to 0.64 in Q3 2017. Its down 1.00, from 1.64 in 2017Q2. It turned negative, as 10 investors sold Ellington Financial LLC shares while 15 reduced holdings. 4 funds opened positions while 12 raised stakes. 13.85 million shares or 8.66% less from 15.16 million shares in 2017Q2 were reported.

Moreover, Reservoir Ops L P has 9.76% invested in Ellington Financial LLC (NYSE:EFC). Manufacturers Life Insurance Co The reported 0% of its portfolio in Ellington Financial LLC (NYSE:EFC). State Treasurer State Of Michigan has 0.2% invested in Ellington Financial LLC (NYSE:EFC). Northern Trust reported 0% in Ellington Financial LLC (NYSE:EFC). Renaissance Techs Limited Liability Com reported 190,244 shares or 0% of all its holdings. Tahithromos Ltd owns 140,189 shares for 2.68% of their portfolio. Arrowstreet Capital Partnership accumulated 159,034 shares. Omega Advsr holds 0.04% of its portfolio in Ellington Financial LLC (NYSE:EFC) for 60,000 shares. 38,801 are held by Virtu Financial. Hightower Advsrs Ltd Liability Com accumulated 0.01% or 61,357 shares. 20,000 are held by Endowment Mgmt Limited Partnership. Optimum Advisors holds 13,015 shares or 0.07% of its portfolio. Citigroup holds 0.01% of its portfolio in Ellington Financial LLC (NYSE:EFC) for 500,274 shares. Susquehanna Group Inc Llp holds 0% or 18,735 shares. Massachusetts-based Fmr Ltd Liability Com has invested 0% in Ellington Financial LLC (NYSE:EFC).

The stock of Ellington Financial LLC (NYSE:EFC) hit a new 52-week low and has $14.11 target or 3.00 % below today’s $14.55 share price. The 9 months bearish chart indicates high risk for the $467.21 million company. The 1-year low was reported on Dec, 27 by Barchart.com. If the $14.11 price target is reached, the company will be worth $14.02M less.

The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 0.32% or $0.05 during the last trading session, reaching $14.55. About 58,363 shares traded. Ellington Financial LLC (NYSE:EFC) has declined 3.64% since December 27, 2016 and is downtrending. It has underperformed by 20.34% the S&P500.

Analysts await Ellington Financial LLC (NYSE:EFC) to report earnings on February, 12. They expect $0.27 EPS, 0.00 % or $0.00 from last year’s $0.27 per share. EFC’s profit will be $8.67 million for 13.47 P/E if the $0.27 EPS becomes a reality. After $0.24 actual EPS reported by Ellington Financial LLC for the previous quarter, Wall Street now forecasts 12.50 % EPS growth.

Ellington Financial LLC (NYSE:EFC) Ratings Coverage

Among 7 analysts covering Ellington Financial (NYSE:EFC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Ellington Financial had 19 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Outperform” rating by FBR Capital given on Friday, February 24. The firm has “Buy” rating given on Tuesday, October 11 by Maxim Group. FBR Capital downgraded Ellington Financial LLC (NYSE:EFC) rating on Wednesday, November 8. FBR Capital has “Hold” rating and $16.0 target. The firm earned “Buy” rating on Wednesday, November 8 by Deutsche Bank. The stock of Ellington Financial LLC (NYSE:EFC) earned “Buy” rating by Deutsche Bank on Monday, November 9. Sandler O’Neill initiated it with “Buy” rating and $17 target in Wednesday, December 6 report. The rating was maintained by Maxim Group with “Buy” on Friday, August 4. The company was maintained on Thursday, February 18 by Maxim Group. The firm earned “Hold” rating on Tuesday, September 12 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Tuesday, July 11 by Maxim Group.

More notable recent Ellington Financial LLC (NYSE:EFC) news were published by: Businesswire.com which released: “Ellington Financial LLC 2016 K-1 Tax Package Now Available” on March 24, 2017, also Reuters.com with their article: “BRIEF-Ellington Financial Estimated Book Value As Of Nov. 30 $18.74/Shr On …” published on December 07, 2017, Businesswire.com published: “Ellington Financial LLC Announces Release Date of Third Quarter 2017 Earnings …” on October 30, 2017. More interesting news about Ellington Financial LLC (NYSE:EFC) were released by: Businesswire.com and their article: “Ellington Financial LLC Completes $141.2 Million Residential Mortgage Loan …” published on November 15, 2017 as well as Businesswire.com‘s news article titled: “Ellington Financial LLC Announces Expected Retirement of Chief Financial …” with publication date: December 14, 2017.

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance firm in the United States. The company has market cap of $467.21 million. It primarily acquires and manages mortgage-related assets, including residential mortgage-backed securities backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; mortgage servicing rights; and real property and mortgage-related derivatives. It has a 16.91 P/E ratio. The firm also invests in corporate debt and equity securities, including distressed debt, collateralized loan obligations, and non-mortgage-related derivatives; and other financial assets, including private debt and equity investments in mortgage-related entities.

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4 Retail Trends in 2018

From practical AI to eCommerce individualization, the key retail trends in 2018 will continue to shake up a rapidly changing industry. Here’s what Reflektion’s CMO Kurt Heinemann believes retail and ecommerce leaders everywhere should keep an eye on as they carve out their 2018 strategies.

Sometimes change happens so slowly that you’re not aware of it until long after it happened.

2017 was not one of those years.

Brands that have been household names for decades closed their doors or filed for bankruptcy at a time when pureplay ecommerce newcomers entered into the fray and found immense value in opening up their own physical stores.

The term “retail apocalypse” became ubiquitous, and artificial intelligence was once again touted as everything from the savior of retail to the reason civilization will collapse.

As 2018 approaches, I’ve taken some time to reflect over the year and think about what’s to come. Here are 4 of the most important retail trends I believe we’ll see in 2018:

1. Direct-to-consumer strategies will insulate established brands and launch new companies

retail trends in 2018

As department stores continue to close retail locations, established brands are quickly realizing they need more direct relationships with customers to insulate themselves from the potential lost revenue of closed stores.

This desire to own more of their destiny by not building their house on fragile land will cause them to invest heavily in direct-to-consumer strategies. This will drive customer engagement innovation and will continue to upset the brand/wholesale relationship.

Similarly, new direct-to-consumer brands will launch, further disrupting the retail industry. This landscape continues to grow as brands like Allbirds, Casper, Warby Parker, and others upend retail brand verticals with their unique product offerings and expanding footprint of well-executed stores.

In our highly digital and social media-driven product world, this new era of brands will continue to redefine both what it means to be a consumer brand and how brick-and-mortar stores should operate.

2. Retailers will demand practical examples of AI

A practical AI example

In the emerging technology hype cycle of 2018, we will discover whether or not artificial intelligence is at the Peak of Inflated Expectations, the Slope of Enlightenment, or both.

Retailers’ interest in AI is piqued. In fact, a Forrester study found that 51% of brands are implementing, have implemented, or are expanding their use of AI.

In 2018, we’ll learn if the available AI-powered solutions are actually delivering the results that retailers and consumers alike are expecting from them (hint: they’re expecting a lot).

The companies that are shouting the loudest about AI will be forced by retailers to put up or shut up, which means they’ll need to show accessible and transparent examples of how AI is driving revenue, stronger customer engagement, and better customer experiences on-site and off.

3. Individualization will go from buzzword to urgent initiative

retail trends in 2018

For years, retailers have lagged behind how apps and other cutting-edge technologies are engaging shoppers on a personal level. This lagging behind has cost them revenue, sure, but it has also widened the chasm between what they’re delivering and what consumers are increasingly expecting.

Individualization was all the buzz in 2017, and retailers now realize they need to truly make themselves Customer-First brands. It’s no longer a question. The technology is there, the customer expectation is there, and the proof of greater revenue is there. In 2018, retailers no longer have excuses to hold onto.

They’ll need to finally embrace omnichannel, fully understand the moment-to-moment experiences of the customer journey, and begin to replace the segmentation they’re comfortable with for the individualization their customers are demanding.

4. The giant battle between Amazon and Walmart will rage on

Amazon and Walmart will offer a glimpse into the retail trends in 2018
Throughout 2018, both juggernauts will continue to play to their advantages and try to acquire companies that shore up gaps in their weaknesses.

Both behemoths will redefine the concept of an all-encompassing department store in the digital era, and in doing so they’ll set new customer experience bars that all retailers will be forced to compete with.

To be clear, the next 12 months of Amazon vs. Walmart won’t happen in a silo. Every punch the other throws will ripple through the entire retail industry. Retailers everywhere shouldn’t just be tuning in, they should be taking notes.

***

For a glimpse into the mindset today’s retailers need to succeed, check out our latest book. It’s been endorsed by Forbes influencer Mari Smith and we think you’ll enjoy it. Just click the cover.

retail trends in 2018

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CI Investments Inc. Purchases Shares of 822200 Finisar Co. (FNSR)

CI Investments Inc. bought a new position in Finisar Co. (NASDAQ:FNSR) during the first quarter, Holdings Channel reports. The fund bought 822,200 shares of the technology company’s stock, valued at approximately $22,479,000. CI Investments Inc. owned 0.74% of Finisar at the end of the most …

CI Investments Inc. bought a new position in Finisar Co. (NASDAQ:FNSR) during the first quarter, Holdings Channel reports. The fund bought 822,200 shares of the technology company’s stock, valued at approximately $22,479,000. CI Investments Inc. owned 0.74% of Finisar at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in shares of Finisar by 4.4% in the first quarter. Acrospire Investment Management LLC now owns 3,991 shares of the technology company’s stock worth $109,000 after buying an additional 168 shares during the period. Advisory Services Network LLC bought a new position in shares of Finisar during the first quarter worth about $193,000. B. Riley Financial Inc. bought a new position in shares of Finisar during the third quarter worth about $229,000. US Bancorp DE boosted its position in shares of Finisar by 288.5% in the third quarter. US Bancorp DE now owns 8,023 shares of the technology company’s stock worth $239,000 after buying an additional 5,958 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Finisar during the fourth quarter worth about $240,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

Finisar Co. (NASDAQ:FNSR) traded up 3.86% during trading on Tuesday, hitting $24.60. The stock had a trading volume of 3,184,456 shares. The firm has a market capitalization of $2.74 billion, a P/E ratio of 20.94 and a beta of 1.30. Finisar Co. has a one year low of $15.21 and a one year high of $36.85. The stock has a 50 day moving average of $25.05 and a 200 day moving average of $29.53.

Finisar (NASDAQ:FNSR) last announced its earnings results on Thursday, March 9th. The technology company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by $0.03. Finisar had a net margin of 7.31% and a return on equity of 10.56%. The business had revenue of $380.60 million for the quarter, compared to the consensus estimate of $389.69 million. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts expect that Finisar Co. will post $2.05 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on FNSR shares. Stifel Nicolaus reduced their target price on Finisar from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, March 10th. B. Riley restated a “buy” rating and set a $47.25 target price on shares of Finisar in a report on Monday, March 6th. Jefferies Group LLC upgraded Finisar from a “hold” rating to a “buy” rating and raised their target price for the stock from $32.00 to $34.00 in a report on Wednesday, March 15th. They noted that the move was a valuation call. MKM Partners restated a “buy” rating and set a $32.00 target price (down previously from $41.00) on shares of Finisar in a report on Friday, April 21st. Finally, Vetr cut Finisar from a “buy” rating to a “hold” rating and set a $35.76 target price on the stock. in a report on Monday, March 13th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.67.

In related news, CFO Kurt Adzema sold 35,888 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $35.00, for a total transaction of $1,256,080.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph A. Young sold 26,273 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $35.43, for a total value of $930,852.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,278 shares of company stock worth $3,401,011. 1.34% of the stock is owned by corporate insiders.

About Finisar

Finisar Corporation (Finisar) is a provider of optical subsystems and components that are used in data communication and telecommunication applications. The Company’s optical subsystems consist of transmitters, receivers, transceivers, transponders and active optical cables, which provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks.