Archives for December 12, 2019

Uber can find a ride to carry your skis in 23 regions

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Uber Ski will help you hit the slopes when you don’t own a car.

You can’t often rely on ridesharing services for skiing trips. Few cars will have a rack, and even drivers of larger vehicles might balk if you try to stow your gear in the back. With Uber, at least, this won’t be a problem going forward. It’s debuting an Uber Ski feature that guarantees a ride with either a roof rack or sufficient cargo space to carry your skis or snowboard. You’ll pay a surcharge, but it’ll beat having to rent a car (or depend on the generosity of a friend) to hit the slopes or the trail.

To no one’s surprise, there’s an incentive for drivers. They’ll have to provide proof that they qualify, but those Uber drivers who opt in will receive a “significant portion” of that surcharge on top of their usual cut.

Uber Ski will be available on December 17th in 23 ski-friendly cities and regions, including the Rockies and Denver in Colorado as well as New Hampshire, upstate New York, Anchorage and Salt Lake City. You can see the full list below. This could leave you waiting longer for rides if there aren’t too many drivers, but it might be worthwhile if you’re trying to avoid car ownership without giving up your favorite snow sports.

  • Anchorage
  • Boise
  • Boston
  • Colorado Springs
  • Denver
  • Eastern Washington
  • Flagstaff
  • Fort Collins
  • Grand Rapids
  • Green Bay
  • Lehigh Valley
  • Minneapolis-St. Paul
  • New Hampshire
  • Portland (Maine)
  • Portland (Oregon)
  • The Rockies (Colorado)
  • Salt Lake City
  • Seattle
  • Upstate New York
  • Vermont
  • Wilkes-Barre Scranton
  • Worcester
  • Wyoming

Sling TV’s Cloud DVR can finally record ESPN

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You can also skip through any show, including the commercials.

You no longer have to worry that you’ll miss out on a big sports extravaganza just because you’re a Sling TV subscriber. The cord-cutter service has switched on Cloud DVR for key ESPN channels, including the main channel, ESPN2, Desportes, Bases Loaded, Goal Line, ACC Network and SEC Network. There’s a good chance you can catch that big college basketball match game if you know you’ll miss the live match. This doesn’t extend to digital-only channels like ESPN3, ACC Network Extra and SEC Network+, however, so you’ll still need to tune for some programming.

There’s a useful update even if you don’t care for sports. You can now watch the version of a show that you recorded, rather than being kicked over to the on-demand version for some programming. This lets you skip forward and backward through any captured show, including the commercials. That prove a relief if you’re pressed for time. Suddenly, the $5 extra for Cloud DVR is that much more valuable.

AutoZone Inc. (AZO) Rises 6.93%

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Among the biggest risers on the S&P 500 on Tuesday December 10 was AutoZone Inc. ($AZO), popping some 6.93% to a price of $1,250.00 a share with some 601,123 shares trading hands.

Starting the day trading at $1,240.00, AutoZone Inc. reached an intraday high of $1,274.41 and hit intraday lows of $1,225.23. Shares gained $81 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 23.83 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $798.41 to $1,188.19.

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, just over 20% in fiscal 2019, and has a growing presence in Mexico and Brazil. AutoZone had 6,411 stores in the U.S. (5,772), Mexico (604), and Brazil (35) as of the end of fiscal 2019.

AutoZone Inc. has its corporate headquarters located in Memphis, TN and employs 96,000 people. Its market cap has now risen to $29.78 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B -17.38, and P/FCF n/a.

The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

Clovis Oncology Inc. (CLVS) Soars 12.98%

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Clovis Oncology Inc. (CLVS) had a good day on the market for Tuesday December 10 as shares jumped 12.98% to close at $12.10. About 17.88 million shares traded hands on 58,289 trades for the day, compared with an average daily volume of n/a shares out of a total float of 54.82 million. After opening the trading day at $11.00, shares of Clovis Oncology Inc. stayed within a range of $12.60 to $10.80.

With today’s gains, Clovis Oncology Inc. now has a market cap of $663.26 million. Shares of Clovis Oncology Inc. have been trading within a range of $32.05 and $2.94 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Clovis Oncology Inc is a biopharmaceutical company. It is focused on acquiring, developing and commercializing innovative anti-cancer agents in the United States, the EU, and additional international markets. The firm target its development programs for the treatment of specific subsets of cancer populations. Its product candidates include Rucaparib and Lucitanib. Rucaparib is an oral small molecule inhibitor of poly ADP-ribose polymerase, is marketed in the United States for two indications specific to the recurrent epithelial ovarian, fallopian tube or primary peritoneal cancer whereas Lucitanib includes Rucaparib Combo and Nivolumab Combo.

Clovis Oncology Inc. is based out of Boulder, CO and has some 468 employees. Its CEO is Patrick J. Mahaffy.

Clovis Oncology Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

Axsome Therapeutics Inc. (AXSM) Soars 8.02%

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Axsome Therapeutics Inc. (AXSM) had a good day on the market for Tuesday December 10 as shares jumped 8.02% to close at $48.75. About 1.58 million shares traded hands on 15,227 trades for the day, compared with an average daily volume of n/a shares out of a total float of 34.51 million. After opening the trading day at $45.46, shares of Axsome Therapeutics Inc. stayed within a range of $49.30 to $45.46.

With today’s gains, Axsome Therapeutics Inc. now has a market cap of $1.68 billion. Shares of Axsome Therapeutics Inc. have been trading within a range of $47.69 and $1.95 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Axsome Therapeutics Inc is a United States-based healthcare service provider. As a pre-clinical therapeutics developer, the company attends primarily to central nervous system disorders such as Alzheimer’s. Its product portfolio consists of novel drugs like the AXS-02 (disodium zoledronate tetrahydrate), which is an oral, non-opioid therapeutic for chronic pain and the AXS-05, which is a fixed-dose combination of dextromethorphan and bupropion. The AXS-02 addresses pain in over three conditions, such as complex regional pain syndrome, knee osteoarthritis and chronic low back pain. The AXS-05 on the other hand, treats resistant depression and agitation in patients with Alzheimer’s disease. Both the products have passed the preclinical, Phase 1 and Phase 2 stages of development.

Axsome Therapeutics Inc. is based out of New York, NY and has some 41 employees. Its CEO is Herriot Tabuteau.

Axsome Therapeutics Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

Netflix Inc. (NFLX) Dips 3.1%

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Among the S&P 500’s biggest fallers on Tuesday December 10 was Netflix Inc. (NFLX). The stock experienced a 3.1% decline to $293.12 with 10.44 million shares changing hands.

Netflix Inc. started at an opening price of 296.12 and hit a high of $298.94 and a low of $292.02. Ultimately, the stock took a hit and finished the day at $9.38 per share. Netflix Inc. trades an average of n/a shares a day out of a total 438.25 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Netflix Inc. hit a high of $385.99 and a low of $231.23 over the last year.

Netflix’s primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.

With its headquarters located in Los Gatos, CA, Netflix Inc. employs 7,100 people. After today’s trading, the company’s market cap has fallen to $128.46 billion, a P/S of n/a, a P/B of 18.72, and a P/FCF of n/a.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.