Blockchain-Powered AI Data Annotation: A CZ-Inspired Perspective on Breakthroughs in the Web3 Era - Insights into Sahara AI, Alaya AI, Public AI, and More 12-10-2024 12:12 AM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: LianPR The rapid advancement of AI technologies has unveiled immense potential for global industries, with CZ (Changpeng Zhao)'s recent tweet Image: https://www.getnews.info/uploads/9977e7b6859410751e4955f20e69f5e6.jpg ( https://x.com/cz_binance/status/1861715172429090959 ) sparking widespread discussions about the integration of AI and blockchain. This cross-technology synergy is disrupting how training data for AI is produced. High-quality data lies at the core of AI advancements, as the performance of AI models is directly tied to the quality of labeled data used for training and optimization. Against this backdrop, Web3 technologies are redefining the traditional data annotation industry with decentralized frameworks and economic incentive mechanisms. This article explores the current state and challenges of data annotation, dives into the development paths of prominent Web3 annotation projects (Sahara AI, Alaya AI, Public AI, etc.), and envisions their future potential. Current Landscape of the Data Annotation Industry: High Demand, Complex Challenges The success of AI hinges on vast amounts of annotated data for training and validation. However, this process is fraught with complexity and labor intensity. Key characteristics of the data annotation industry today include: 1. Soaring Demand and Supply Imbalance With the proliferation of deep learning technologies, fields like computer vision, natural language processing (NLP), and speech recognition have seen skyrocketing demand for annotated data. However, supply often falls short, particularly for tasks requiring complex, multidimensional annotation. 2. Conflict Between Data Quality and Costs Low-cost annotation services can alleviate supply issues but frequently compromise quality. Issues such as noisy data or annotation errors directly affect model performance. Conversely, high-quality annotations often come at a significant cost. 3. Centralized Platform Dominance Major data annotation companies dominate the market, creating monopolies in data and profits. This centralization results in unfair economic returns for annotators and a lack of transparency within the industry. How Web3 is Revolutionizing Data Annotation Web3's decentralized architecture, smart contracts, and tokenomics offer innovative solutions to traditional challenges in the data annotation industry. Key differences include: Transparency and Traceability Blockchain's immutability ensures that every annotator's contributions and rewards are transparent. The provenance of each data piece can be traced, ensuring data quality. Fair Incentive Mechanisms Traditional systems often fail to fairly reward annotators. Web3 leverages token-based incentives to distribute rewards instantly and dynamically adjust payouts based on data quality, motivating annotators to deliver superior work. Open Ecosystems Decentralized annotation ecosystems offer equal opportunities for small developers and individuals, breaking the monopoly of centralized platforms. Integration with AI Automation Web3 platforms can significantly enhance annotation efficiency by incorporating AI-assisted tools. For instance, Alaya AI leverages dynamic visual segmentation and discrete tracking technologies to reduce the burden of manual annotation. Image: https://www.getnews.info/uploads/c57231fef53b5af3d78c6ab14ecd4d1e.jpg In-Depth Analysis of Web3 Annotation Projects 1. Sahara AI A blockchain-based AI asset marketplace aimed at building a comprehensive AI infrastructure through decentralized data sharing and trading. - Core Features: Users can upload datasets and models, earning revenue through sharing mechanisms. - Innovation: Supports AI-native application development and compatibility with mainstream protocols, offering diverse tools for enterprises. - Challenges: Despite attracting significant attention, the project is still in its early stages, with products yet to launch. 2. Alaya AI A leader in Web3 data annotation, Alaya AI's Open Data Platform (ODP) introduces innovative solutions. - Technological Highlights: Dynamic visual segmentation, 3D point cloud annotation, and AI-assisted tools ensure efficient labeling. A token-based reward system attracts top annotators. - Market Positioning: Focused on providing user-friendly platforms for small and medium-sized developers while fostering an open data ecosystem. - Potential Impact: Alaya AI is redefining fairness and openness in data annotation through decentralized practices. 3. Public AI Adopting a community-driven approach, Public AI emphasizes user participation and task quality validation. - Features: Users contribute data (e.g., tweets, chat logs, audio), while the community validates quality through voting. - Current Status: While it supports basic sentiment analysis and text annotation tasks, the platform lacks advanced AI-assisted annotation tools. - Market Significance: The community model provides a decentralized solution for data validation but requires further technical development. Shared Characteristics of Web3 Annotation Projects Despite their unique implementations, these projects share common traits: - Decentralized Blockchain Architecture: Ensuring distributed storage of annotated data for transparency and fairness. - Token-Based Incentive Models: Motivating high-quality contributions while addressing low rewards in traditional systems. - Robust Quality Verification Mechanisms: Leveraging community-driven or AI-assisted processes to validate data reliability. - Ecosystem Collaboration: Extending beyond annotation to encompass model training, data trading, and more, gradually forming complete AI ecosystems. Conclusion and Outlook: The Intersection of Web3 and AI From tackling historical issues in data annotation to driving technological innovation, projects like Sahara AI, Alaya AI, and Public AI exemplify how emerging technologies are reshaping traditional industries. Alaya AI's technical strengths and open ecosystem set a new benchmark, Sahara AI showcases the potential of comprehensive platforms, while Public AI explores novel community-driven models. As blockchain technology matures and AI continues to evolve, Web3-powered data annotation promises breakthroughs in transparency, efficiency, and fairness. Decentralized annotation models not only elevate AI training data quality but also create new opportunities for small developers. The convergence of AI and blockchain is paving the way for a more open, equitable, and efficient technological future. Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Media Contact Company Name: ALAYA AI Email: Send Email [ http://www.universalpressrelease.com/?pr=blockchainpowered-ai-data-annotation-a-czinspired-perspective-on-breakthroughs-in-the-web3-era-insights-into-sahara-ai-alaya-ai-public-ai-and-more ] State: Auckland Country: New Zealand Website: https://www.aialaya.io/ This release was published on openPR.
Company to hold investor strategy update event on December 10, 2024 Wilmington, Del., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Participating in a tradition that has evolved since 1792, today, employees from Ashland Inc. (NYSE: ASH) gathered on the floor of the New York Stock Exchange as Guillermo Novo, chair and chief executive officer, Ashland, joined by company executives, rang the trading day's opening bell . The event signifies a decade of evolution, resilience and sustainable solutions for the additives and specialty ingredients company and recognizes its 100-year anniversary. "I want to thank our employees for their dedication, our customers for their trust and our shareholders for their support over the years which continues to be the foundation of our success,” said Guillermo Novo, chair and chief executive officer, Ashland. From its origin of gavel banging to the modern workday bell ringing , the ritual marks the start and end of trading through the years and has come to celebrate economic growth and progress. One year ago, Ashland introduced seven new technology platforms aligned to the company's pharmaceutical, personal care and specialty additives core, that extend to secondary markets with new and differentiated capabilities to unlock organic growth for Ashland and its customers worldwide. The platform solutions bring "new to the world” sustainable innovations, offering tunable choices to customers to enable the reshaping of their product portfolios, answering global megatrends, and responding to various regulatory landscapes. "As the stock market has demonstrated resilience through devastating lows and exuberant highs over time, Ashland has consistently transformed itself ahead of market trends from an oil and refining company to a matrixed chemical company, and from a broad chemicals and materials provider to the focused additives and specialty ingredients company we are today; integrating environmental, social and governance (ESG) in our operating plans to responsibly solve for a better world,” said Novo. strategy update event Ashland is hosting a strategy update event for analysts and investors on December 10, 2024, in New York City. The company will provide an in-depth review of Ashland's strategic priorities, key initiatives and financial objectives while emphasizing a proactive approach to market uncertainty in fiscal year 2025. The event includes presentations and prepared remarks from members of Ashland's executive team, as well as breakout sessions for in-person attendees and an opportunity for both live and webcast attendees to ask questions during moderated Q&A sessions. "This was a year marked by recovery from prolonged inventory destocking in the materials sector, yet Ashland was able to deliver strategic progress, margin expansion, high-quality free cash flow, and disciplined execution across our global portfolio,” continued Novo. "Despite a complex operating environment, we demonstrated our ability to drive value through portfolio optimization, commercial excellence, and focused growth in our core markets. As we execute our strategy, we remain focused on delivering sustainable, profitable growth and long-term shareholder value. I look forward to providing more context during our upcoming event,” concluded Novo. To participate in Ashland's strategy update event, interested participants must register for the event and have the option to attend via live webcast or in person. Presentations are expected to begin at 9:00 a.m. ET and conclude following Q&A sessions at 11:00 a.m. ET. After Q&A, in-person attendees will have the opportunity to discuss key initiatives with business line leaders and scientists in breakout sessions until 12:00 p.m ET. To register, participants should use the following link: registration page . Registration information and further event details will be posted on Ashland's investor website at http://investor.ashland.com . A webcast of the event will be available live and can be accessed, along with supporting materials, through the Ashland website. A replay will be available within 24 hours of the live event and will be archived, along with supporting materials, on Ashland's website for 12 months. Copies of the presentation may also be requested by sending an email to [email protected] About Ashland Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 3,200 passionate, tenacious solvers thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and ashland.com/ESG to learn more. TM Trademark, Ashland or its subsidiaries, registered in various countries. FOR FURTHER INFORMATION: Attachments Press_Release_ASH_100_Yr_Bell_Ringing_20241209 100 yr anniversary lockup for PR Dec 2024Why is this ASX 300 battery tech stock jumping 11% today?None
Jarrod Bowen held Antonio’s number nine shirt aloft after scoring the winner in support of the Hammers striker, who is recovering after a horror car crash on Saturday. Boss Julen Lopetegui said: “He is not in his best moment but he kept his humour. It was a special moment for us. “I think we have a lot of reason to win matches but this was one reason more. He’s alive so we are happy.” MA9 ❤️ pic.twitter.com/fXwtdSQWYE — West Ham United (@WestHam) December 9, 2024 West Ham players wore ‘Antonio 9′ shirts while warming up and walking out before kick-off. The shirts will be signed by the players, including Antonio, and auctioned off with the proceeds going to the NHS and Air Ambulances UK. Tomas Soucek headed West Ham into the lead and held up nine fingers to a TV camera. The Czech midfielder told Sky Sports: “He’s been here since I came here. He is really my favourite. I said it would be tough for me to play without him. "He was here since I came and he's really my favourite" Tomáš Souček on dedicating his goal to Michail Antonio ❤️ pic.twitter.com/smNy26wmuX — Sky Sports Premier League (@SkySportsPL) December 9, 2024 “I was so scared what was going to happen. It was a really tough week for him, his family and us.” Matt Doherty equalised for Wolves, and boss Gary O’Neil felt they should have had two penalties for fouls on Goncalo Guedes and Jean-Ricner Bellegarde, both of which were checked by VAR. But Bowen’s winner – O’Neil believed there was a foul in the build-up – condemned Wolves to a 10th defeat of the season and a third in a row. While under-pressure Lopetegui may have earned a stay of execution, O’Neil’s future as Wolves manager is now in serious doubt. “A lot of things went against us but ultimately we have not found a way to turn the game in our favour,” he said. “But the players showed they are still fighting for me, for the fans and the group. “Where does this leave me? In the same place I was. I’m aware of the noise. But if anyone expected this to be easy – I’m happy to be judged on results but it should be done in context. “Whenever this journey ends with Wolves I’ll be proud of it.” There was an acrimonious end to the match as captains Bowen and Mario Lemina scuffled after the final whistle, with the Wolves midfielder angrily shoving people including one of his own coaches, Shaun Derry. “I just went to shake his hand after the game,” Bowen said. “He didn’t want to shake my hand, two captains together just to say ‘well done’ after the game. “I know it’s difficult when you lose. I’ve been on the end of that situation.” O’Neil added: “Mario is calm now. He’s a passionate guy and something was said that upset him. “The instinct of the staff was to make sure he didn’t get into trouble, but he took some calming down.”Fitness App Market to Expand by USD 55.86 Billion (2024-2028), Driven by Health Management and Rising Chronic Disease Cases, AI Impacting Market Trends - Technavio
Percentages: FG .418, FT .750. 3-Point Goals: 10-26, .385 (Butler 5-9, Campbell 2-3, Khayat 1-2, M.Johnson 1-4, Thomas 1-7, Exacte 0-1). Team Rebounds: 1. Team Turnovers: 1. Blocked Shots: 1 (Towns). Turnovers: 10 (Campbell 4, M.Johnson 3, Butler, Felt, Towns). Steals: 6 (Campbell 2, Green, Khayat, M.Johnson, Thomas). Technical Fouls: None. Percentages: FG .500, FT .909. 3-Point Goals: 8-20, .400 (Karasinski 2-4, Smith 2-4, B.Johnson 2-6, Hopf 1-1, Branson 1-2, Goodin 0-1, Hacker 0-2). Team Rebounds: 0. Team Turnovers: 1. Blocked Shots: 4 (Branson 2, Hacker 2). Turnovers: 9 (Branson 2, Hopf 2, B.Johnson, Hacker, Karasinski, Smith, Whitaker). Steals: 6 (Smith 3, Doyle, Hopf, Karasinski). Technical Fouls: None. A_1,282 (2,196).Maju Motors Sdn Bhd, the authorised distributor of BYD, launched the BYD Sealion 6 yesterday. Some 131 units of this plug-in hybrid electric vehicle (PHEV) have already been sold in the local market. The launch event, held at the Maju Motors showroom, was attended by over 300 guests, including new BYD Sealion 6 owners and representatives from financial institutions. Counsellor of the Chinese Embassy in Brunei Darussalam Shi Rongke along with Maju Motors Managing Director Chan Key Hong and Executive Director Stanley Lim attended the event. The BYD Sealion 6 offers a compelling solution for cost-effective, long-distance travel. With a battery capacity of 18.3kWh, it can travel up to 100 kilometres on electric power alone. Its 60-litre fuel tank, coupled with the efficient Super DM-i technology, extends the total range to over 1,100 kilometres. This technology allows the electric motor to power the vehicle, with the engine acting as a range extender to recharge the battery as needed. BYD Sealion 6 represents the next generation of sustainable transportation, combining innovation, performance and environmental responsibility. This PHEV offers unparalleled efficiency, advanced safety features and a smooth driving experience. Managing Director Chan expressed his excitement about the launch of the BYD Sealion 6 and the introduction of DM-i technology to Brunei. He highlighted the company’s commitment to providing economical and sustainable transportation solutions. Maju Motors is also planning to introduce additional BYD PHEV models in the coming years, including the BYD Shark, BYD Sealion 05 and BYD Seal 06. During the launch event, one owner of a BYD Sealion 6, Wardah Serkat, won a lifetime free servicing. She expressed her excitement at winning the prize and shared she chose the car for its fuel efficiency and long-distance capabilities. – James Kon ABOVE & BELOW: Counsellor of the Chinese Embassy in Brunei Darussalam Shi Rongke with Maju Motors Managing Director Chan Key Hong and Executive Director Stanley Lim during the launch of BYD Sealion 6. PHOTO: RAFI ROSLI PHOTO: RAFI ROSLIJarrod Bowen held Antonio’s number nine shirt aloft after scoring the winner in support of the Hammers striker, who is recovering after a horror car crash on Saturday. Boss Julen Lopetegui said: “He is not in his best moment but he kept his humour. It was a special moment for us. “I think we have a lot of reason to win matches but this was one reason more. He’s alive so we are happy.” MA9 ❤️ pic.twitter.com/fXwtdSQWYE — West Ham United (@WestHam) December 9, 2024 West Ham players wore ‘Antonio 9′ shirts while warming up and walking out before kick-off. The shirts will be signed by the players, including Antonio, and auctioned off with the proceeds going to the NHS and Air Ambulances UK. Tomas Soucek headed West Ham into the lead and held up nine fingers to a TV camera. The Czech midfielder told Sky Sports: “He’s been here since I came here. He is really my favourite. I said it would be tough for me to play without him. "He was here since I came and he's really my favourite" Tomáš Souček on dedicating his goal to Michail Antonio ❤️ pic.twitter.com/smNy26wmuX — Sky Sports Premier League (@SkySportsPL) December 9, 2024 “I was so scared what was going to happen. It was a really tough week for him, his family and us.” Matt Doherty equalised for Wolves, and boss Gary O’Neil felt they should have had two penalties for fouls on Goncalo Guedes and Jean-Ricner Bellegarde, both of which were checked by VAR. But Bowen’s winner – O’Neil believed there was a foul in the build-up – condemned Wolves to a 10th defeat of the season and a third in a row. While under-pressure Lopetegui may have earned a stay of execution, O’Neil’s future as Wolves manager is now in serious doubt. “A lot of things went against us but ultimately we have not found a way to turn the game in our favour,” he said. “But the players showed they are still fighting for me, for the fans and the group. “Where does this leave me? In the same place I was. I’m aware of the noise. But if anyone expected this to be easy – I’m happy to be judged on results but it should be done in context. “Whenever this journey ends with Wolves I’ll be proud of it.” There was an acrimonious end to the match as captains Bowen and Mario Lemina scuffled after the final whistle, with the Wolves midfielder angrily shoving people including one of his own coaches, Shaun Derry. “I just went to shake his hand after the game,” Bowen said. “He didn’t want to shake my hand, two captains together just to say ‘well done’ after the game. “I know it’s difficult when you lose. I’ve been on the end of that situation.” O’Neil added: “Mario is calm now. He’s a passionate guy and something was said that upset him. “The instinct of the staff was to make sure he didn’t get into trouble, but he took some calming down.”
Patriots QB Drake Maye speaks out on alma mater UNC hiring Bill Belichick READ MORE: UNC hires Belichick as legendary NFL coach seals return to football By ERIC BLUM Published: 23:56, 11 December 2024 | Updated: 23:59, 11 December 2024 e-mail View comments The second-most well-known connection between North Carolina 's football program and the New England Patriots , Drake Maye, has spoken out about Bill Belichick taking the gridiron helm in Chapel Hill. Belichick was not with the Patriots when they drafted Maye in April from North Carolina. It is possible that in scouting for his then-existent New England future that Belichick watched tons of Maye film. Despite the two never crossing in football circles, they represent two of the few who have worn Tar Heel and Patriot blue. 'Obviously, a legendary coach with the success he had here and what a great place Chapel Hill is,' Maye said of Belichick at UNC. 'So anytime you have a legendary NFL coach going back to college, I think it's cool. It's pretty interesting for me.' Belichick will now embark at 72 on his first job in college football after nearly 50 years in the NFL. Former North Carolina and now-Patriots quarterback Maye has spoken out about Belichick Belichick has made the jump from the NFL to college for the first time with his UNC hiring Drake Maye arrives ... shares thoughts on the possibility of Bill Belichick becoming coach at his alma mater, University of North Carolina. pic.twitter.com/3w9Y0X5GxK — Mike Reiss (@MikeReiss) December 11, 2024 Belichick heading to the college game sent shockwaves through the sport, as many thought he was trying to re-enter the NFL coaching sphere. Read More ESPN host makes crude Bill Belichick joke as he closes in on UNC job With many teams likely not giving Belichick the kind of managerial control he had in 24 seasons with the Patriots, he heads to Chapel Hill, where he will have that level of power. Belichick will show quickly how much sway he has in recruiting, as college football's signing period wraps in February. North Carolina had been losing plenty of talent to the transfer portal and has four-star quarterback recruit Bryce Baker unsigned. Bringing Baker officially into the fold and would be the first encouraging sign for arguably the best NFL coach of all time in a different environment. Bill Belichick North Carolina Share or comment on this article: Patriots QB Drake Maye speaks out on alma mater UNC hiring Bill Belichick e-mail Add comment
Thrivent Financial for Lutherans reduced its position in shares of LKQ Co. ( NASDAQ:LKQ – Free Report ) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,838 shares of the auto parts company’s stock after selling 434 shares during the period. Thrivent Financial for Lutherans’ holdings in LKQ were worth $7,418,000 at the end of the most recent quarter. Other hedge funds have also made changes to their positions in the company. Motley Fool Asset Management LLC boosted its position in LKQ by 4.6% during the first quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock worth $280,000 after acquiring an additional 233 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 278 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of LKQ by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after purchasing an additional 306 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its position in LKQ by 0.6% during the second quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock worth $2,100,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock. LKQ Stock Performance NASDAQ:LKQ opened at $38.50 on Friday. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The company has a 50 day moving average price of $38.81 and a 200 day moving average price of $40.86. The stock has a market capitalization of $10.01 billion, a P/E ratio of 14.37 and a beta of 1.29. LKQ Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.12%. LKQ’s dividend payout ratio is presently 44.78%. Analyst Ratings Changes LKQ has been the subject of several analyst reports. Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus reduced their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ presently has a consensus rating of “Buy” and a consensus price target of $53.80. Check Out Our Latest Stock Analysis on LKQ LKQ Company Profile ( Free Report ) LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. Further Reading Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. ( NASDAQ:LKQ – Free Report ). Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter .
The standard Lorem Ipsum passage, used since the 1500s "Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.SC overrules HC order on IAS officers’ security recall in Hry
It's always a great time to invest in quality businesses that can prime your portfolio for long-term growth. It's important to be selective with the companies that you add to your portfolio and ensure that you only put cash into investments that align with your overall investment priorities, risk tolerance, and long-term goals. You should also only put cash to work that you can leave in your portfolio for a few years, not funds that you might soon need for bills or other financial obligations. On that note, if you're looking for top-notch growth stocks to buy right now and have $1,000 available to invest, here are two names to consider. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » 1. Eli Lilly Eli Lilly (NYSE: LLY) has been the darling of pharmaceutical stocks in the last 12 to 18 months, with shares rocketing upward as the popularity of its GLP-1 drugs has propelled revenue and earnings. Bear in mind, this is one of the oldest healthcare companies in the world, with a lineup of top-selling drugs across a range of disease categories that target everything from various cancers and cardiovascular ailments to endocrine disorders and neurological conditions. In the first nine months of 2024 alone, shares roared upward to the tune of about 62%. After the company reported its earnings for the third quarter of 2024, shares took a double-digit nosedive as investors responded negatively to a few key points, including a slight pullback in full-year guidance. The company also reported financial figures that were slightly below what Wall Street had expected. In terms of its full-year guidance, where Eli Lilly was targeting revenue for the 12-month period in the $45.4 billion to $46.6 billion range, the company is now projecting that it will deliver in the ballpark of $45.4 billion to $46 billion. Its Q3 revenue was around $800 million below what analysts had aimed for. That being said, a closer look is warranted, and the long-term outlook for this business is anything but dismal. Revenue in Q3 2024 rose 20% year over year to $11.4 billion. The company sold rights for its olanzapine portfolio in Q3, featuring products used to treat ailments such as schizophrenia and bipolar disorder. If you exclude revenue from this portfolio, Eli Lilly's top line actually jumped 42% on a year-over-year basis, which is a bit more than the 36% growth it reported in the second quarter. The company also reported net income of approximately $970 million in Q3. Tirzepatide, which is the main active ingredient in its top-selling drugs Mounjaro (for diabetes) and Zepbound (for weight loss), is being studied by Eli Lilly across multiple other disease areas. For example, positive phase 3 trial data from a 176-week study of tirzepatide demonstrated a 94% reduction in the risk of developing type 2 diabetes in adults with pre-diabetes who are obese or overweight. Another first-of-its-kind study initiated by Eli Lilly has been studying tirzepatide in adults with heart failure with preserved ejection fraction (HFpEF) and obesity. In this phase 3 trial, tirzepatide reduced heart failure symptoms and physical limitations while lowering the risk of worsening heart failure events by 38%. Risk of hospitalization for heart failure was also reduced by 56% in trial patients taking tirzepatide. In short, the future revenue and profit opportunities from tirzepatide may be in the very early innings. In Q3, sales of Mounjaro rose more than 121% year over year to $3.1 billion, while Zepbound (which was just approved last November) raked in $1.3 billion in sales. This was despite negative effects for both drugs cited by Eli Lilly that were caused by inventory decreases in the wholesaler channel. Blockbuster cancer drug Verzenio generated $1.37 billion in sales in the quarter, up 32% from one year ago, while sales of autoimmune disease drug Taltz jumped 18% to $879.6 million. While investors appear to be particularly reactionary in the current environment, that can present an opportunity for those with a sufficient buy-and-hold horizon to take a slice of the action. While Eli Lilly doesn't trade at a cheap valuation by any means, its annual dividend of $5.20 and steady increase to its payout can augment total investor returns. Investors who want to become part-owner in a top healthcare business with a steady global footprint may be remiss to overlook this quality stock. 2. Monday.com Monday.com (NASDAQ: MNDY) is a low-code and no-code platform that helps organizations build the work management tools and software applications they need to ensure business operations run smoothly. The company derives its revenue from monthly or annual subscription agreements that it enters into with customers who use its cloud-based platform. Monday.com's software enables everything from project management and collaboration to helping keep tools and files in a single location for easy access. Clients with little to no coding experience can leverage its platform to develop customized workflow apps featuring boards, charts, and other important automation solutions. Companies like Canva, Lionsgate , and Coca-Cola are just a handful of the big names on Monday.com's client roster. Investors have been particularly optimistic about Monday.com's performance recently, with shares skyrocketing to the tune of about 50% over the trailing 12-month period. As always, share price is never a reason to buy (or sell) a stock. You need to look at the underlying business, its drivers and detractors of growth, its financial performance, its industry, and its long-term growth runway to gain a clear picture of whether it's a wise fit for your portfolio. In the case of Monday.com, the company has only been in business since 2012, so it's still in the relatively early stages of its potential growth story. Management estimates that the company operates in a large and growing total addressable market, which could hit a valuation of $150 billion by the year 2026. The diverse range of solutions that Monday.com's platform offers allows it to target various segments of its overall market opportunity, including the $30 billion customer relationship management (CRM) software market. From a financial perspective, Monday.com is doing quite well. Its third-quarter revenue rose 33% from the year-ago period to $251 million, and the company officially surpassed the $1 billion annual recurring revenue (ARR) mark. Its overall net dollar retention rate (NRR) increased to 111%, while NRR for customers with more than $100,000 in ARR was 115%. The number of paid customers with more than $100,000 in ARR jumped 44% from one year ago. Meanwhile, the company's second-largest customer, which is an unnamed international technology company, more than doubled its seat count to 60,000 from 25,000. Although Monday.com is not profitable on the basis of generally accepted accounting principles ( GAAP ), cash flow is another core profitability metric to consider. From a free cash flow perspective, the company raked in $82.4 million of free cash flow, while net cash provided by operating activities was $86.6 million in Q3. While investors may need a certain level of risk tolerance to invest in software stocks, this resilient business looks like a compelling addition to a well-diversified portfolio. Should you invest $1,000 in Eli Lilly right now? Before you buy stock in Eli Lilly, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Eli Lilly wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $898,809 !* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of November 18, 2024 Rachel Warren has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Monday.com. The Motley Fool has a disclosure policy . 2 Incredible Growth Stocks to Buy With $1,000 Right Now was originally published by The Motley Fool
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