Slack Heats Of Competition With Microsoft As It Targets IPO In 2018

Slack, a popular business messaging app is seeing much success with its users. The app now reportedly boasts 8M daily active users, which is up 33% from September 2017 when it reported 6M. The number of paid users has doubled since September and currently sits at 3M, and has 70,000 paid teams. With the success of its new numbers, Slack, valued at $5.1B, is predicted to go public in the coming months.

While having much success, Slack is in a competitive field with Microsoft’s (MSFT) Teams product, which is currently being used by 200,000 organizations. Microsoft bundles Teams into its Office 365 cloud productivity suite for businesses, which is believed to give it a competitive edge on the well-liked Slack in the marketplace.

Investors will be looking for Slack’s ability to grow its paid subscribers.

To learn more about Slack and check out the app click here.

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$5.1 billion Slack has added 2 million more users as it battles Microsoft and ramps towards a possible IPO (MSFT)

Slack has grown its daily active users by 33%, to 8 million, since September, the company said on Tuesday. Slack, which was last valued at $5.1 billion, is expected to go public in the upcoming months. Slack may play coy about whether or not it intends to hit the public markets in 2018, but it’..

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Dow 30 Component Disney Surpasses Estimates With Q2 Earnings Report

Dow 30 Component, The Walt Disney Company (DIS),  and its subsidiaries is a diverse worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media.

Disney reported its Q2 financial earnings of $1.84/share on May 8, 2017, easily beatings estimates of $1.73 per share. The earnings per share were up 23% from Q2 the prior year.

The company reported revenues of $14.5B, an increase of 6% from $13.3B from Q2 2017. Operating income was also up 3% at $4.2B compared to this time last year at $3.9B.

Disney’s corporate and unallocated shared expenses were reported at $194M this quarter, a $33 million increase. The costs were a results of the agreement to acquire Twenty-First Century Fox, Inc.

Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company stated, “Driven by strong results in our parks and resorts and studio businesses, our Q2 performance reflects our continued ability to drive significant shareholder value. Our ability to create extraordinary content like Black Panther and Avengers: Infinity War and leverage it across all business units, the unique value proposition we’re creating for consumers with our DTC platforms, and our recent reorganization strengthen our confidence that we are very well positioned for future growth.”

To learn more about theis Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company Coverage Page.

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The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2018 – The Walt Disney Company

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NASDAQ Hits 2018 Milestone With New Listings

Nasdaq added six companies to the exchange on May 4, along with the more than 50 companies who have joined already this year. The number of IPO’s this period is nearly doubled when compared to this period last year. The increased number of listings comes as a result of Nasdaq’s Revitalize initiative, which is a blueprint that addresses the challenges faced by companies the U.S. capital market when going and staying public.

The initiative celebrates its one year anniversary with substantial progress made in the following areas:

  • Changes to the SEC process that allows for removal of repetitive, unsuccessful proxy proposals
  • Proxy advisory industry transparency and fairness enhancement
  • Streamlining and flexibility allowance on quarterly reporting obligations for both small and medium growth companies
  • Promoting rationalization of classifications for disclosure relief
  • Help to smaller public companies through advocating and consolidating display liquidity onto a single trading venue

The newest members of the exchange range from technology and healthcare sectors to industrial and consumer sectors. The companies span from coast to coast and have raised a total of approximately $500 million. The companies that were added during the landmark day include Carbon Black (Nasdaq: CBLK), Spirit of Texas Bancshares, Inc. (Nasdaq: STXB), Baycom Corp (Nasdaq: BCML), Jerash Holdings (US), Inc. (Nasdaq: JRSH), ASLAN Pharmaceutical Limited (Nasdaq: ASLN), and Construction Partners, Inc. (Nasdaq: ROAD)

 

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Lucky Number Six: Nasdaq Sees Increased IPO Momentum with Six Listings in a Single Day | Nasdaq MarketInsite

On May 4, six companies listed on Nasdaq; the most in a single day since seven companies listed on the exchange on April 22, 2010…

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Home Depot Commits A Quarter Of A Billion Dollars to Veterans

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

The Home Depot Foundation announced recently that they are committed to investing a quarter of a billion dollars to veteran-related causes by the year 2020, two years earlier than the original timeline for the goal. The Foundation has been working since 2011 to improve not only the homes, but the lives of U.S. military veterans, particularly the homeless, those wounded in combat, and senior veterans.

The Home Depot Foundation has partnered with numerous organizations such as Stephen Siller Tunnel to Towers Foundation, Semper Fi Fund, Habitat for Humanity, and Volunteers of America toward reaching their goal of serving U.S. veterans and their families.

Shannon Gerber, executive director of The Home Depot Foundation stated, “Our veterans have sacrificed so we can have our freedom, so it’s a true honor to give back to them. We’re fortunate to work with the best nonprofits in the veteran housing space and we’ll continue to partner together to serve those who have served us all.”

Read more about The Home Depot Foundation and their latest investment.

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

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DowDuPont Increases Q1 EPS

The Dow Chemical Company is a part of the DowDupont Holding Company (DWDP), a business that is focused on agriculture, materials science and specialty product sectors that seeks to lead their respective industries through productive, science-based innovation to meet the needs of customers and help solve global challenges.

DowDuPont reported its first quarter 2018 earning May 3, 2018. The adjusted earnings per share were reported at $1.12 per share, a 7% increase when compared to quarter one 2017.

The company’s net sales Q1 2018 were $21.5B, a 5% increase from the previous year. The Materials Science division saw a 17% increase, Specialty products sales increased 11% , and the Agriculture sales division saw a decrease of 25% due to weather-related delays to the planting season.

$300M of cost synergy savings were achieved in the first quarter by DowDuPont, which is ahead of their run-rate plan.

The company returned almost $2B to its shareholder through $.9B in dividends and $1B in share repurchases.

We delivered solid first-quarter sales and operating earnings gains, while our teams advanced the intended business separations. The Materials Science and Specialty Products divisions delivered better-than-expected top- and bottom-line growth with higher prices and volume gains, including value adding product innovations. Their growth more than offset weather-related delays that are expected to shift a substantial portion of our Agriculture earnings to the second quarter. All three divisions hit their cost synergy targets, producing savings of over $300 million as we build momentum on our $3.3 billion in cost synergies and put more focus on the $1 billion in growth synergies. And we continue to expect Materials Science to spin by the end of the first quarter of 2019, with Agriculture and Specialty Products separating by June 1, 2019. These will be three world-class companies equipped to further their leadership positions in attractive growth markets.” -said Ed Breen, chief executive officer of DowDuPont.

To learn more about Dow and DowDuPont (DWDP) and to continue to track its progress please visit the Vista Partners DowDuPont Coverage Page.

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Steve Ferguson Named Vice President at Caterpillar

Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent.

Steve Ferguson has been named a vice president of Caterpillar Inc. by the company’s board of directors. Starting June 1, 2018 Ferguson will lead the Industrial Power Systems Division. He replaces Ramin Younessi, who has been promoted to group president of the Energy & Transportation segment of Caterpillar. Ferguson will report to Younessi.

Ferguson, who received his bachelor’s degree from Eastern Illinois University and graduated from the Advanced Executive Program at Northwestern University’s Kellogg School of Management, has served as the general manager of Caterpillar’s Advanced Component Manufacturing business. He has been with Caterpillar for 18 years, starting as an accountant in 1990.

Steve has been delivering great results by driving lean and flexible cost-competitive component manufacturing operations at Caterpillar facilities around the world – experience that will be an excellent fit for his new role leading IPSD,” -Ramin Younessi, incoming group president of Energy & Transportation.

To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.

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Caterpillar Announces New Industrial Power Systems Division Vice President

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Merck Surpasses Q1 Earnings Estimates

Merck & Co., Inc.  (MRK) is a global healthcare solutions provider that has been working towards bringing forward medicine and vaccines for some the of the world’s most challenging diseases for more than a century.  They are committed to increasing health care access and continue to be at the leading edge of research.

Merck surpassed the earnings estimates of $1.004/share with reported earnings of $1.05 on May 1, 2018. The company also reported Q1  global sales of $10B, which was a 6% increase from Q1 2017. The Q1 2018 GAAP EPS of $.27 directly reflected a $1.4B aggregate charge that was related to the formation of the Merck’s collaboration with Eisai.

With a relatively 2% positive impact from foreign exchange, Merck has narrowed and raised the 2018 full-year revenue range to $41.8B – $43B.

Net income was reported at $736M which is down from Q1 last year.

Kenneth C. Frazier, Merck Chairman, and CEO“Merck had a strong start to the year driven by KEYTRUDA, GARDASIL, BRIDION and Animal Health. This provides good momentum as we continue to execute on our pillars of growth and look to deliver innovative medicines and vaccines that address unmet needs for patients around the world.”

To learn more about Merck (MRK) and to track its ongoing progress please visit the Vista Partners Merck Coverage Page. 

 

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Boeing Sees Strong Q1 – Beats Earnings Estimates

Dow 30 component Boeing (NYSE: BA)  is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.  A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.

Boeing started their first quarter of the fiscal year out strong beating earning estimates that called for $2.637/share with $3.64/share. In reflection of the 184 commercial deliveries and higher defense and services volume, the company saw its revenue increase to $23B.

The aerospace company saw a cash flow of $3.1B, driven by improved performance and advantageous timing of receipts and expenditures, and repurchased 8.9M shares for $3.0B. The liquidity of Boeing proved to be very strong with cash and marketable securities reporting at $9.9B.

Across Boeing, our teams performed at a high level in the quarter, driving revenue and earnings growth at all three business units, increasing profitability and operating cash flow, and delivering more value to our customers. Customers continue to recognize the value of our products and services, with strong orders booked in the quarter for defense, services and commercial offerings, including 221 net commercial aircraft orders.” -Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg

Boeing paid $1.0B in dividends in Q1, which is a 20% increase in dividends/share when compared to Q1 of 2017.

To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Tech Giant Apple Exceeds Q2 Estimates

Dow 30 component Apple (AAPL) revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it.”

Market analysts predicted Apple to sell 52.3M iPhones, in the company’s Q2. The company kept in line with the estimate, selling 52.2M iPhones. Estimates also called for $2.64 earnings/share, and the technology company exceeded expectations with reported earnings of $2.73/share. Revenue was reported at $61.1B, beating analyst estimates of $60.9B.

Many investors who were concerned about the soft sales of iPhone X because of its high price can find relief in Apple’s quarter 2 earnings. While iPad sales were down this quarter, the YOY sales of the product were up. However, the Mac division of Apple saw sales decrease not only this quarter but in YOY comparison with only 4M sold in quarter two, less than the 5.1M from  Q1 and the 4.2M from Q2 2017.

Apple’s Board of Directors also approved a $100B share buyback as well as a 16% increase in its quarterly dividend.

Learn more about Apple and track its ongoing progress at Vista Partners Apple (AAPL) Coverage Page.

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Apple earnings beat, iPhone sales in-line, stock jumps

Apple has announced its Q2 2018 earnings…

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P&G Reports Q3 Earnings & Highlights

The Procter & Gamble Company (PG) supplies branded consumer packaged goods to consumers across the globe.

Procter & Gamble just fell a fraction short of earnings estimates of $1.002 per share, as they reported earnings of $1.00 per share for Q3.

The company saw a 4% increase in net sales with $16.3 billion and a 1% increase in organic sales. The diluted net earnings per share were up 2% at $0.95. P&G saw $3.4 billion in operating cash flow.

In Q3, the company paid out $1.8 billion in dividends and realized $1.4 billion in share repurchases and overall $3.2 billion was returned to shareholders via these combined efforts.

David Taylor, P&G Chairman of the Board, President and Chief Executive Officer stated, “We delivered modest top- and bottom-line growth in a challenging macro environment in the third quarter. We have large businesses in several difficult markets. The ecosystems in which we operate around the world are being disrupted and transformed. We will change at an even faster rate—winning through superiority, cost and cash productivity and a strengthened organization and culture.”

To learn more about Procter & Gamble (PG) and to continue to track its progress please visit the Vista Partners Procter & Gamble Coverage Page.

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P&G Announces Results for Third Quarter of Fiscal Year 2018 | P&G BlogP&G News | Events, Multimedia, Public Relations

Today, P&G announced results for the third quarter of the Company?s 2018 fiscal year…

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