The “Daily Mac View” Announces a Name Change to “Tech Today Review”

The online tech review experts have changed the name to reflect the new focus on not just
Apple products but on tech in general.

CYBERSPACE, Probably California, May 25, 2018— The Daily Mac View has announced a name change to
become Tech Today Review. The name of the Daily Mac View has been changed to Tech Today Review
to reflect their new focus on not just Apple products but on tech in general. The company has previously
handled coverage of the larger tech environment using their two separate sites.

“We realized it made more sense to amalgamate everything in one site using categories and drop-downs
more effectively. In addition, we have chosen a new, clean template to present the information.” said
Kerry Dawson, Tech Consultant and founder of both The Daily Mac View and Tech Today Review. “The
site has material that goes back five years and yet some of the older articles remain relevant today.
Although much of the site is currently made up of Apple material, this will change with time.”

Kerry Dawson has more than 30 years of experience in the IT industry, many of of those years using a
Mac in large corporate environments. Although the Apple ecosystem is strong, the walls between
platforms have been eroding for a number of years, and for good reasons. People and organizations,
regardless of the type or brand of their devices, need to communicate in today’s world more than ever.
Open communications are necessary to maintain efficiency and a competitive focus. Thus, Apple’s
closed ecosystem is continuing to give way to more cross platform solutions. This process has been
growing over time, not happening instantly.

The Tech Today Review provides both relevant and thought provoking information. It has seemed to be
a natural evolution for the sites to be joined together and at the same time expand their coverage. In
essence, the whole is greater than the sum of the parts.

“We hope you enjoy the new site and format. If there is anything you would like addressed feel free to
submit the ideas.” said Dawson. “If you would like to write an article for inclusion on the site, we have
always been open to that. Additionally, I encourage you to join the site to stay current with site news
and more.”

For more information about Tech Today Review, visit http://techtodayreview.com/

http://lightningreleases.com/the-daily-mac-view-announces-a-name-change-to-tech-today-review-4/

Assented Stock

DEFINITION of ‘Assented Stock’

Assented stock is securities owned by a shareholder who has agreed to a takeover. Assented stock may be traded in a different market than non-assented stock, which represent shares of shareholders who are holding out on the takeover.

Shareholders approach the prospect of a takeover with one primary goal: getting the best deal for the shares that they own. The acquiring company typically offers to purchase a controlling interest of stock at a premium to the current trading price. Shareholders who agree to the terms of the takeover bid are said to hold assented shares, and typically receive a higher price than shareholders who do not agree to the takeover bid. Shareholders who do not agree are said to hold non-assented stock.

BREAKING DOWN ‘Assented Stock’

Acquiring companies may take a two-tier approach when making a takeover bid. In order to obtain a controlling interest in the company, the acquirer will offer a higher price to enough shareholders as to have the voting rights required to takeover. The shareholders that accept this highest price hold assented shares. Shareholders that hold non-assented shares will rely on company management employing poison pill defenses, such as a back-end plan, to dilute the voting power that assented stock will provide to the acquiring company.

Assented shares may be traded on a separate market from non-assented shares, with the acquiring company setting up the market so that shareholders who have accepted the takeover share price can continue trading their shares. This separate market is referred to as an assented share trading facility. The reason for setting this facility up is that the value of the assented share is set at the price that the acquiring company has indicated that it will pay, which may be higher than what non-assented shares would obtain on the open market.

https://www.investopedia.com/terms/a/assented-stock.asp?utm_campaign=rss_headlines&utm_source=rss_www&utm_medium=referral

The 10 Best Stocks to Buy for the Next Decade

Shutterstock photo

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Last year, InvestorPlace contributor Dan Burrows highlighted the 10 best-performing S&P 500 stocks of the past decade. The most important lesson one finds studying these high-flying stocks is that patience wins out over all other attributes of a successful investor.

A classic example of how true this is involves the Fidelity Magellan Fund (MUTF: FMAGX ), the large mutual fund made famous by portfolio manager Peter Lynch. Lynch ran the fund for 13 years from 1977 until 1990, growing it from $20 million to $14 billion before stepping aside.

Fidelity studied the returns of Fidelity Magellan unitholders over those 13 years to see how they did compared to the legendary portfolio manager. While Lynch managed to achieve a 29% annual return over this period , the average investor lost money.

Patience would have served those investors well, as the ups and downs of the stock market shook them out of their positions – and in doing so, deprived them of millions of dollars in profits. A $10,000 investment in 1977 held until 1990 was worth $273,947 by the end of that 13-year period.

I’m not Peter Lynch, but I can say with some confidence that the examples to follow are the 10 best stocks to buy for the next decade.

Let’s take a look.

Editor’s Note: This article was originally published on December 26, 2017. It has been updated to reflect changes in the market.

Best Stocks to Buy for the Next Decade: Amazon (AMZN)



Source: Via Amazon

Not only is Amazon.com, Inc. (NASDAQ: AMZN ) CEO and founder Jeff Bezos a great chief executive, but Amazon has its hands in so many pies – including a very profitable cloud business that generates almost $1 billion in annual operating income – that it’s hard to fathom just how big Amazon could be a decade from now.

While Amazon’s AWS cloud business is a big deal, Amazon Prime is the service that delivers the goods when it comes to building the foundation for AMZN stock. More than 100 million people subscribe to Amazon Prime at $99 per year.

It’s not the $9.9 billion in annual subscription revenue that matters, but the amount each of those subscribers spends on other Amazon products. Statistics show that 76% of Amazon Prime members spend more than they did before paying the annual $99 fee.

That’s what you call “pulling power,” and it’s a big reason why AMZN stock will be a winner for the long haul.

Best Stocks to Buy for the Next Decade:Blue Buffalo Pet Products (BUFF)



Source: Shutterstock

If you bought Blue Buffalo Pet Products Inc (NASDAQ: BUFF ) at its July 2015 IPO price of $20 and you’re still holding it, you’ve made money – barely.

The pet food maker has been on a wild ride since going public almost two years ago. It opened with a first-day return of 36%, but proceeded to fall from $28 to $16 in the span of a couple months, only to gain most of that back by its one-year anniversary.

However, BUFF is an explosive stock lying in wait.

Blue Buffalo is investing $150 million-$170 million in 2017 to expand its manufacturing capacity so that it can accommodate further growth beyond 6% of the $28 billion U.S. pet food market.

In 2016, its adjusted earnings-per-share increased 27.2% to 79 cents; it expects that number to increase by as much as 19% in 2017 to between 91 and 94 cents-per-share.

Over the past five years, Blue Buffalo has more than doubled its revenues, from $523.0 million in 2012 to $1.1 billion in 2016, while growing net income from $65.5 million to $130.2 million in the same period.

People will continue to spend more on healthy food in the coming decade, and that includes for their pets. Blue Buffalo is ready to capture more of those gains, and BUFF shareholders will benefit as a result.

Best Stocks to Buy for the Next Decade: Apple (AAPL)



Source: Shutterstock

You can say what you want about the iPhone maker’s best days being behind it, but I have a feeling Apple Inc. (NASDAQ: AAPL ) will continue to create products people want to buy for years to come.

What they are, I couldn’t tell you.

What I do know is that Apple will continue to generate a huge amount of free cash flow to reward shareholders for their patience and loyalty.

AAPL currently converts 71.7% of its EBITDA into free cash flow, which is pretty darn close to the 77.7% conversion rate of Amazon – a company known for doing a good job converting cash.

The most recent rumor on Wall Street has Apple and Walt Disney Co (NYSE: DIS ) hooking up to form a media and tech conglomerate. While speculative in nature, the combination would provide Apple with a few more avenues to generate ideas for new products.

At this point, while I like Disney, I’d say it needs Apple more than Apple needs it.

Best Stocks to Buy for the Next Decade: Berkshire Hathaway (BRK.B)



Source: Shutterstock

Warren Buffett is 87 years old. Eventually, he’s going to step out of the game. The argument is that his departure will create a panic that will send Berkshire Hathaway Inc. (NYSE: BRK.A , NYSE: BRK.B ) stock spiraling downward.

Personally, I don’t subscribe to that theory.

Businesses – whether it be a huge holding company like Buffett’s or something much less grandiose – are valued by calculating the present value of its future cash flows. Berkshire Hathaway’s are significant.

Another way is to value a business is to look at the sum of all its parts.

Berkshire Hathaway owns hundreds of businesses; each of these firms, if sold at auction, would be worth more than the current stock price would seem to reflect. If Buffett moved on and the company was broken up in a prudent manner over an extended period, Berkshire Hathaway investors would benefit greatly from such a process.

The best part of Berkshire Hathaway? You get a quasi-mutual fund with a diversified group of holdings and no management fees.

That’s the best kind of buy-and-hold investment.

Best Stocks to Buy for the Next Decade: Ulta Beauty (ULTA)



Source: Shutterstock

The retail industry is in a free fall at the moment, yet Illinois-based Ulta Beauty Inc (NASDAQ: ULTA ) is busy growing its network of stores – which currently number 974 – by 100 per year. It expects to build out its brick-and-mortar footprint to 1,700 stores over the next decade.

Ulta’s business model provides a shopping experience that is unique in a beauty market where no one firm controls a big chunk of market share, not even Sephora . In fact, Ulta controls just 4% of the $127 billion U.S. beauty market despite having almost $5 billion in annual revenue.

With consumer confidence growing, Ulta stands a good chance over the next decade of bumping this number significantly higher. ULTA shares might be expensive at 30 times earnings, but that’s the price you pay to own the best.

Best Stocks to Buy for the Next Decade: Sherwin-Williams (SHW)



Source: Shutterstock

Ulta Beauty helps women with their beauty needs; Sherwin-Williams Co (NYSE: SHW ) does the same for houses and businesses around the world.

What’s the one thing real estate professionals suggest you should do when selling your home? Give it a fresh coat of paint. It’s the most cost-effective improvement you can make to bring in better offers.

Sherwin-Williams originally tried to buy Mexican paint company Comex in 2014, but it was beaten out by PPG Industries, Inc. (NYSE: PPG ). More than two years later, it’s in the homestretch of closing its $11.3 billion acquisition of The Valspar Corp (NYSE: VAL ), which will significantly improve its position in the coatings business outside North America.

Over the past decade, SHW has achieved a return of more than 600%, significantly greater than the S&P 500’s 82% climb in that same period.

If any stock can repeat this kind of performance over the next decade, Sherwin-Williams has to be at the top of the list.

Best Stocks to Buy for the Next Decade: Kraft Heinz (KHC)



Source: Mike Mozart via Flickr

Earlier this year, the management of Kraft Heinz Co (NASDAQ: KHC ) put quite the scare into the 169,000 Unilever plc (ADR) (NYSE: UL ) employees with a potential $143 billion offer to buy the company. Fortunately (for employees), Unilever’s management told the Brazilians – 3G Capital and Berkshire Hathaway control KHC – to take a hike.

Kraft Heinz is going to make another acquisition, most likely this year. And when it does, the first thing the Brazilians are going to do is trim the fat. (Read this article about Tim Hortons to understand their cost-cutting ruthlessness.) That’s going to mean the loss of a lot of jobs.

While that’s terrible for the people on the receiving end of the pink slips, it’s been proven by 3G Capital time and again to significantly increase the bottom line. Shareholders definitely will win as Kraft Heinz guts PepsiCo, Inc. (NYSE: PEP ) or some other vulnerable target.

I’m of two minds when it comes to 3G Capital’s blitzkrieg management style: On the one hand, people suffer greatly from these job cuts. On the other, I wonder whether those jobs should have been created in the first place.

If you can live with this kind of management ruthlessness, KHC is a great business to own, because people will always have to eat.

Best Stocks to Buy for the Next Decade: Five Below (FIVE)



Source: Mike Mozart via Flickr (Modified)

Teen discount clothing chain Five Below Inc (NASDAQ: FIVE ) saw same-store sales increase by 2% in fiscal 2016. That might not seem like a lot, but when you have retailers going out of business left and right, Jim Cramer is right to rave about this stock .

In today’s retail, you either want to be in the discount or luxury businesses … but not in the deadly middle.

Five Below has a plan to grow revenues and earnings by 20% every year until 2020 and beyond. In 2016, revenues and earnings grew 20.2% and 24.5%, respectively, to $1 billion and $71.8 million respectively.

In 2017, FIVE expects to open 100 new stores, bringing the total across the country to more than 600. Five Below sees 2,000 stores open in the U.S. at some point in the future. While it seems like an ambitious goal given how many stores are closing these days, Five Below has a very talented management team led by CEO Joel Anderson, whose previous job was CEO of Walmart.com .

At prices $5 or below, Five Below delivers a concept that’s unique to teen and pre-teen customers. And it should deliver plenty of returns over the next 10 years.

Best Stocks to Buy for the Next Decade: Cracker Barrel (CBRL)



Source: Shutterstock

Over the past decade, Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL ) has doubled the performance of the S&P 500 by delivering consistent results. Its return on invested capital in 2006 was 8%; today, it’s 14%, well above the restaurant industry average of 9%.

CBRL’s unique restaurant/retail concept generates approximately 80% of its revenue from its restaurants, with its retail shop the remaining 20%. The average store throws off revenue of $4.6 million. The retail business generates sales per square foot of $440 and 50% gross margins.

On April 17, Cracker Barrel opened its first store on the West Coast in Tualatin, Oregon, a suburb of Portland. It plans to open three more locations in the Portland area. Expect continued growth out west in coming years.

Cracker Barrel features a strong female presence in upper management , representing what a modern progressive American company is supposed to look like at the top. Good on them … and good for you, because that kind of diversity will pay off in spades.

Best Stocks to Buy for the Next Decade: ResMed (RMD)



Source: Shutterstock

Who knew that sleep apnea paid so well?

ResMed Inc. (NYSE: RMD ) manufactures medical devices and provides cloud-based software applications for medical professionals to treat and manage sleep apnea and chronic obstructive pulmonary disease (COPD). Treating 2 million patients daily, ResMed has become good at reducing healthcare costs by minimizing the effects of chronic disease.

Good businesses make and save people and companies money. ResMed does both.

Over the past decade, ResMed has delivered an annual return to shareholders of 11.9%, 478 basis points greater than the S&P 500.

According to a recent study, 26% of adults have sleep apnea – a disorder that can wreak havoc on a person’s heart, not to mention a marriage due to both partners’ lack of sleep. My dad died as a result of COPD, a disease that effects more than 200 million people worldwide and costs the healthcare system more than $50 billion per year in the U.S. alone.

ResMed has growth opportunities in Latin America, Eastern Europe and China and India – all huge markets that will keep it busy for the next decade and beyond.

Of all the stocks to buy for the next decade, ResMed is my pick for most reliable given the markets it serves.

As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.

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The post The 10 Best Stocks to Buy for the Next Decade appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.




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East Africa Metals Announces a Second Extension to Related Party Loan

VANCOUVER, B.C., June 01, 2018 (GLOBE NEWSWIRE) — East Africa Metals Inc. (TSX Venture:EAM) (“East Africa” or the “Company”) announces that the Company and SinoTech (Hong Kong) Corporation Limited (“SinoTech”), an insider of the Company, have signed a second extension of the maturity date for the related party loan entered into in September 2017.

On September 1, 2017, the Company announced that SinoTech had agreed to provide an unsecured loan to the Company in the amount of $600,000.  The loan carried an interest rate of 12% per annum and was payable upon the earlier of (a) 15 business days after the closing of a financing or (b) 120 days from the Company’s receipt of the loan proceeds. On February 7, 2018, the Company announced the first extension of the maturity date for the loan of (a) 15 Business Days after the closing of the Company’s Luck Winner Investment Limited financing announced on December 29, 2017 or (b) May 21, 2018. In connection with the first extension the Company repaid $300,000 of the loan and the corresponding interest. The outstanding loan balance of $300,000 carried an interest rate of 12% per annum.

SinoTech has agreed to extend the maturity date of the outstanding loan of $300,000 until the earlier of (a) 15 Business Days after the Borrower’s closing of any future financing greater than CAD$3,000,000 or (b) 120 days from May 21, 2018 and will bear an interest rate of 12% per annum.  The Company repaid $24,000 in interest related to the outstanding loan.

The extension of the loan may be considered a related party transaction pursuant to Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions as SinoTech is an insider of the Company.  The extension of the loan is exempt from the formal valuation requirement of such instrument and policy on the basis that the Company is not listed on a market specified under such instrument and policy, and the extension of the loan is exempt from the minority shareholder approval requirement of such instrument and policy on the basis that the loan is made on reasonable commercial terms which is not convertible into voting or equity securities of the Company.

The Company did not file a material change report 21 days prior to the extension of the loan as the Company and SinoTech required time to negotiate the extension terms. 

More information on the Company can be viewed at the Company’s website: www.eastafricametals.com.

On behalf of the Board of Directors:
Andrew Lee Smith, P.Geo., CEO

For further information contact:
Nick Watters, Business Development
Telephone
Email
Website
+1 (604) 488-0822
investors@eastafricametals.com
www.eastafricametals.com

Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “forecast”, “project”, “budget”, “schedule”, “may”, “will”, “could”, “might”, “should” or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by East Africa as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of East Africa to be materially different from those expressed or implied by such forward-looking information, including but not limited to: early exploration; mine development, closing of the financing; ability of the Company to raise the required financing to repay the related party loan debt and interest;  availability of capital; accuracy of East Africa’s projections and estimates; interest and exchange rates; competition; government regulation; political or economic developments; and changes in project parameters as plans continue to be refined,, as well as those risk factors set out in East Africa’s management’s discussion and analysis for the year end December 31, 2017, management’s discussion and analysis for the three months ended March 31, 2018, and East Africa’s listing application dated July 8, 2013. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the timely closing of the financing; the ability of the Company to repay the loan by the required date; and the timely receipt of any required approvals, and such other assumptions and factors as set out herein. Although East Africa has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not update or revise forward looking information even if new information becomes available unless legislation requires the Company do so. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

http://globenewswire.com/news-release/2018/06/02/1515824/0/en/East-Africa-Metals-Announces-a-Second-Extension-to-Related-Party-Loan.html

Grenville Shareholders Approve Plan of Arrangement with LOGiQ

TORONTO, June 01, 2018 (GLOBE NEWSWIRE) — Grenville Strategic Royalty Corp. (TSXV:GRC) (“Grenville” or the “Company”) today announced the results of its special meeting (the “Special Meeting”) of shareholders held May 31, 2018. At the Special Meeting, Grenville shareholders passed the special resolution, with 97.7% of votes cast in favour, approving the Company’s previously announced arrangement agreement with LOGiQ Asset Management Inc. (“LOGiQ”) outlined in the Joint Management Information Circular dated May 2, 2018 and available on SEDAR.

Under the arrangement LOGiQ will acquire all of the issued and outstanding Grenville common shares and Grenville and LOGiQ will amalgamate. Shareholders of Grenville will receive 6.25 common shares of LOGiQ for each Grenville common share they hold. Upon completion of the arrangement, existing holders of Grenville will own 67% of the combined company and LOGiQ shareholders will own approximately 33%.

Completion of the arrangement, which is expected to occur on or about June 7, 2018, is subject to a number of conditions precedent, including approval from the Supreme Court of British Columbia and satisfaction of other customary closing conditions.

About Grenville 

Based in Toronto, Grenville Strategic Royalty Corp. makes growth-oriented investments in established businesses with revenues of up to $50 million. Grenville generates revenues from royalty payments, buyouts from contracts and equity returns. The royalty financing structure offered by Grenville competes directly with traditional equity to meet the long-term financing needs of companies on more attractive commercial terms. 

Cautionary Statement 

This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including: future operating results and funding requirements; the ability to achieve synergies; future general economic and market conditions; and changes in laws and regulations. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Grenville does not undertake to update any forward-looking information contained herein, except as required by applicable securities laws. There are a number of conditions precedent to the completion of the arrangement and there can be no assurance that such conditions precedent will be satisfied and that the arrangement will be completed. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

For further information, please contact: 

Grenville Strategic Royalty Corp.:
Donnacha Rahill
Chief Financial Officer
Tel: (416) 477-2601

http://globenewswire.com/news-release/2018/06/01/1515823/0/en/Grenville-Shareholders-Approve-Plan-of-Arrangement-with-LOGiQ.html

Golden Dawn Announces $5.4 Million Private Placement and Closes First Tranche

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, June 01, 2018 (GLOBE NEWSWIRE) —  Golden Dawn Minerals Inc., (TSX-V:GOM) (FRANKFURT:3G8B) (OTC:GDMRF) (the “Company” or “Golden Dawn”) announces that, subject to regulatory approval, the Company intends to raise up to $5,400,000 through the issuance of up to 20,000,000 non-flow through units by way of a non-brokered private placement (the “Offering”). Non-flow through units (“NFT Units”) will be issued at a price of $0.27 per NFT Unit. Each NFT Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.35 for 36 months from the date of issuance. The Company may accelerate the expiry date of the Warrants if the volume weighted average closing price of the Shares of the Company on the Toronto Venture Stock Exchange for 10 consecutive trading days exceeds CAD $0.55. The Warrants will expire 30 days from the Company giving notice of its election to accelerate expiry. The Offering is subject to TSX Venture Exchange (“TSXV”) approval.

Subject to Regulatory Approval, the Company has closed the first tranche of the Offering through the issuance of 2,721,111 NFT Units, raising $734,700. A total of 2,721,111 share purchase warrants were issued at an exercise price of $0.35 for a term of 36 months. All shares and warrants issued in this tranche are subject to a four month and one day hold period, expiring on Oct 2, 2018.

Also subject to regulatory approval, the Company announces that in respect of the tranche 1 closing, it has paid commissions of $24,000 and issued 88,888 compensation warrants. The compensation warrants are non-transferable and may be exercised at a price of $0.35 per share until June 1, 2021 with a hold period expiring on Oct 2, 2018.

Mr. Wolf Wiese, President, CEO and Director of the Company, through his wholly owned company, Quorum Capital Corp., has subscribed (the “Quorum Subscription”) for $283,500 NFT Units in the financing and was issued 1,050,000 NFT Units. As Mr. Wiese is a “related party” (within the meaning of Multilateral Instrument 61-101 – “Protection of Minority Security Holders in Special Transactions” (“MI 61-101“)), the Quorum Subscription constitutes a “related party transaction” (within the meaning of MI 61-101). 

The Company intends to rely on (i) an exemption from the formal valuation requirement provided under section 5.5(b) of MI 61-101, and (ii) an exemption from the minority approval requirement provided under section 5.5(b) of MI 61-101. The Quorum Subscription is exempt from the requirements for a formal valuation set out in Section 5.4 of MI61-101 since the transaction is a distribution of securities for cash and neither the Company nor, to the knowledge of the Company after reasonable inquiry, Mr. Wiese has knowledge of any material information concerning the Company or its securities that has not been generally publically disclosed. The Quorum Subscription has been approved by the Company’s disinterested directors.  The Quorum Subscription is exempt from the requirements in Section 5.7 of MI61-101 for approval by its minority shareholders since the fair market value of the transaction is less than $2,500,000. 

All securities issued in connection with the Offering will be subject to a hold period expiring four months and one day from the date of issuance of such securities. A finder’s fee of cash, broker warrants and common shares, or a combination thereof, may be paid to eligible finders with respect to any portion of the Offering.

The proceeds of the Offering will be utilized for exploration on its Greenwood Precious Metals Project, commencement of trial mining and for general working capital.

On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.

Wolf Wiese, President & Chief Executive Officer

For further information, please contact:
Corporate Communications
604-221-8936
allinfo@goldendawnminerals.com
www.goldendawnminerals.com

This press release was prepared by management who takes full responsibility for its contents. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. this document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company’s control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance, or achievements implied by these forward-looking statements. We seek safe harbor.

http://globenewswire.com/news-release/2018/06/01/1515821/0/en/Golden-Dawn-Announces-5-4-Million-Private-Placement-and-Closes-First-Tranche.html

Tyson Finds New Private-Equity Owner for Sara Lee, Van’s

Private-equity firm Kohlberg & Co. is buying Tyson Foods Inc.’s TSN 0.92% Sara Lee frozen bakery and Van’s waffle businesses, and plans to put former Sara Lee official C.J. Fraleigh in charge of the operations.

Financial terms weren’t disclosed Friday.

The deal, expected to close in the fourth quarter, falls in line with Tyson’s plans to narrow its focus on its protein brands.

The Arkansas-based company—whose chief executive, Tom Hayes, was once chief supply officer at Hillshire and Sara Lee and worked for Mr. Fraleigh—had disclosed the sales plans last year. Tyson also sold its Kettle business to Ireland’s Kerry Group in December.

The deal with Kohlberg includes a license to use the Sara Lee brand in certain channels, along with its Tarboro, N.C., and Traverse City, Mich., prepared-foods facilities and a sales office in Canada. The 1,160 workers affected would join the new company, Tyson said.

Mr. Fraleigh, who would become executive chairman of the new company, helped build Sara Lee’s retail and food-services business around such brands as Jimmy Dean sausages, Ball Park hot dogs and frozen cakes. He resigned in 2011 as chief executive of Sara Lee’s North American division, just months before a corporate split.

Most recently, Mr. Fraleigh was chairman and chief executive officer of Ohio-based Shearer’s Snacks.

Kohlberg, of Mount Kisco, N.Y., was formed in 1987 and has raised eight funds, the most recent of which closed in late 2016 at $2.2 billion.

Write to Maria Armental at maria.armental@wsj.com

https://www.wsj.com/articles/tyson-finds-new-private-equity-owner-for-sara-lee-vans-1527891780?mod=pls_whats_news_us_business_f

Pine Cliff Energy Ltd. Provides Credit Facility Update

CALGARY, Alberta, June 01, 2018 (GLOBE NEWSWIRE) — Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX:PNE) announces that it has entered into an agreement with the Company’s syndicate of Canadian Financial Institutions (the “Lenders”) to extend the borrowing base redetermination date of the Company’s $45.0 million syndicated credit facility (the “Credit Facility”) to July 15, 2018. Until that date, Pine Cliff and the Lenders have agreed that amounts permitted under the Credit Facility will not exceed $20.0 million.

At May 31, 2018, Pine Cliff has $12.2 million drawn pursuant to the Credit Facility.

About Pine Cliff
Pine Cliff is an Alberta based natural gas company that is focused on acquiring and developing long life assets that are cash flow positive even in a low commodity price environment.  Further information relating to Pine Cliff may be found on www.sedar.com as well as on Pine Cliff’s website at www.pinecliffenergy.com.

For further information, please contact:

Philip B. Hodge – President and Chief Executive Officer
Alan MacDonald – Interim CFO and Corporate Secretary
Telephone: (403) 269-2289
Email: info@pinecliffenergy.com

Website: www.pinecliffenergy.com

Not for distribution to U.S. news wire services or dissemination in the United States.

http://globenewswire.com/news-release/2018/06/01/1515820/0/en/Pine-Cliff-Energy-Ltd-Provides-Credit-Facility-Update.html

10 Stocks Hedge Fund Billionaires Are Bullish On

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InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Hedge fund trades have just been made public for the last quarter with the release of 13F forms filed with the SEC.  TipRanks  tracks top hedge fund transactions on more than 5,000 stocks, enabling us to monitor a couple of things when it comes to recent stock picks.

Namely:

  1. See what the best performing fund managers are up to.
  2. Assess the overall hedge fund sentiment on any particular stock.

It should be noted that fund managers are only required to submit these 13F forms to the SEC 45 days after the end of the last quarter. That means by the time the information on these stock picks is made public, it is no longer necessarily current. Nonetheless, these trades still give a valuable insight into the direction top fund managers believe the market is heading.

Here, I pinpoint ten stocks with particularly bullish hedge fund sentiment for Q1 from the savviest hedge fund billionaires out there.

Let’s take a closer look now:

Top Hedge Fund Stocks: Facebook (FB)

Without a doubt the no.1 hedge fund stock for Q1 is Facebook, Inc. (NASDAQ: FB ). According to Goldman Sachs, 97 funds now count FB as a top-10 holding. Or to look at it another way- funds invested an eyebrow-raising $19.4 billion in Facebook. And this number is rising.

Funds made the most of FB’s low share price in Q1 by boosting holdings 27%. Following Q1 funds now hold a total of 170 million shares from 134 million previously. Notably, Viking Global Investors more than doubled its shares of Facebook to $1.49 billion, its largest U.S. equity position as of March 31.

FB shares plunged 15% during Q1 on the back of the Cambridge Analytica data scandal. However, since then the stock’s prospects have improved remarkably. Shares are now back at pre-scandal levels following stellar earnings results. But the upside potential is still compelling according to Monness analyst Brian White . He says the stock should trade at a healthy premium to both the market and the tech sector specifically.

“After a big quarter last week and Facebook beginning to shape the narrative around security and privacy, we believe the stock is an exceptional value at 18x our CY19 EPS projection (ex-cash)” writes White. He adds that the data crisis has “provided Facebook with an opportunity to strengthen the integrity of its brand by very publicly putting in place strong privacy controls to protect its users.”

This five-star analyst has a $225 price target on FB (20% upside potential). His price target comes just ahead of the Street average ($219). In the last three months, FB has received 31 buy ratings from analysts. This is versus just one 1 hold and 1 sell rating.

Top Hedge Fund Stocks: Micron (MU)

Shares in this high-flying semiconductor stock have exploded by 98% in the last year. So it’s not surprising that funds want a slice of the action. A number of funds initiated new Micron Technology, Inc. (NASDAQ: MU ) positions in the last quarter including Rob Citrone, Philippe Laffont and George Soros. Meanwhile, David Tepper of Appaloosa Management boosted his MU holding 28% to $1.85 billion. Why change a winning strategy? Tepper made over $1 billion in personal earnings last year, partly due to the fund’s long position in MU.

Looking forward, MU shows little signs of slowing down. The company has just revealed multiple positive catalysts at its annual analyst day on May 21. First came an earnings guidance raise for fiscal Q3, then news of a deal with Intel- and the icing on the cake- a massive $10 billion share buyback program. The company will now return 50% of its free cash flow generation to stock repurchases.

This buyback announcement is important for two reasons. As five-star Needham analyst Rajvindra Gill explains “1) it signifies to the Street that management believes the shares are undervalued (choosing buyback instead of dividend) and 2) coincides with the structural changes occurring in the memory industry and at Micron.”

Gill ramped up his price target to $100, indicating huge upside potential of 60%. Overall, we can see that this ‘Strong Buy’ stock currently boasts 19 buy ratings, 4 hold ratings and 1 sell rating from the Street. Their average price target works out at $77 (23% upside potential).

Top Hedge Fund Stocks: Apple (AAPL)

As everyone knows, Apple Inc. (NASDAQ: AAPL ) is one of the favorite stocks of hedge fund guru Warren Buffett. Shares in Apple popped to record-highs on the news that his Berkshire Hathaway fund snapped up 75 million AAPL shares in Q1. This is in addition to the whopping 165.3 million shares the fund already held.

Buffett maintains that the market is getting Apple all wrong. He says that stressing over iPhone X demand is a mistake. “The idea that you’re going to spend loads of time trying to guess how many iPhone X … are going to be sold in a 3 month period totally misses the point,” Buffett says. “It’s like worrying about the number of BlackBerrys 10 years ago.”

Instead, he told investors at the annual fund meeting: “It is an unbelievable company … If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States.” It looks like these feelings are mutual. Apple CEO Tim Cook replied in a statement: “On a personal level, I’ve always greatly admired Warren and have always been grateful for his insight and advice.”

Apple is one of the top 20 stocks held by huge funds- although in the last quarter it slipped from 8th to 18th place. Indeed 31 funds count AAPL as one of their 10 biggest stocks. Meanwhile, the Street is cautiously optimistic on AAPL right now with a ‘Moderate Buy’ rating.

“iPhone volumes are not deteriorating though iPhone X remains uninspiring,” wrote Nomura analyst Jeff Kvaal on May 21. “Apple guidance implied third fiscal-quarter iPhone unit volumes that were better than feared. We do not believe, however, sell through has meaningfully improved.”

Top Hedge Fund Stocks: Worldpay (WP)

Worldpay, Inc. (NYSE: WP ) is a global leader in payments processing technology for business customers. This positions the stock perfectly for a key payment trend. Namely, the ongoing transition away from cash and cheques, and towards electronic payments.

Funds certainly seem keen to get in on the act. The latest filings reveal that, in total, funds boosted positions 27% from Q417 to Q118. This means that hedge funds now hold 37 million WP shares (assuming no big transactions since the last filing date). T Price Rowe Associates Inc is currently the stock’s No 1 investor with over $2.1 billion invested.

Luckily for T Price Rowe Associates, word on the Street is very bullish on WP. Five-star Robert W. Baird analyst  David Koning  has just picked Worldpay as one of the firm’s elite “Fresh Pick” stocks. He cites the company’s impressive EBITDA margins, growth, and solid core progression.

Now is the time start buying says Koning. While shares are currently range-bound at around $80 he sees prices rising to the $90s by the year-end. As our data shows, his $94 price target works out at 18% upside potential from the current share price. Plus Koning’s analysis is in line with the Street’s take on WP.

“Worldpay has one of the more attractive growth outlooks within Payment Processing, in our view. The company has enjoyed market share gains from aggressive direct sales force expansion and the rollout of integrated payments products,” explains Oppenheimer’s  Glenn Greene .

In total, this ‘Strong Buy’ stock has received 14 recent buy ratings vs 2 hold ratings from the Street. These analysts have an average price target of $93 (16% upside potential).

Top Hedge Fund Stocks: Adobe (ADBE)

Software giant Adobe Systems Incorporated (NASDAQ: ADBE ) made a big impact on hedge funds in the first quarter. Thirty funds opened new positions, while only 9 funds closed out their positions. As a result, 36.6 million ADBE shares are currently held in the hands of fund managers. Most notably, the company’s three biggest funds (FMR LLC, Vanguard and BlackRock Inc) all ramped up their holdings in Q1.

“We remain bullish on ADBE as a core cloud holding,” said KeyBanc’s  Brent Bracelin  last month. Following the Adobe Summit, Bracelin stated confidently that “Adobe has emerged as a juggernaut within the creative market, with a dominant position and a subscription business model that is approaching $5B in revenue.”

And now Adobe has further cemented its lead by snapping up e-commerce platform Magento. The $1.7 billion deal is a savvy move says Bracelin. Adding Magento “addresses an important hole for Adobe, giving it a single platform for both B2B and B2C across content creation, marketing, analytics, and now commerce.”

Bracelin has a $252 price target on the stock vs the average analyst price target of $249. Over the last three months, 15 analysts have published ADBE buy ratings with 5 analysts staying on the sidelines. The main reason for staying neutral: a concern that the stock is already ‘fairly valued’ at current levels.

Top Hedge Fund Stocks: Electronic Arts (EA)

Hedge funds have $5.53 billion invested in this hot video gaming stock- which pops up in 17% of the 340 hedge fund portfolios investigated by RBC Capital. Big-name fund managers betting on Electronic Arts Inc. (NASDAQ: EA ) include Philippe Laffont, who ramped up his holding in Q1 by 56% to $811 million.

If you look at the Street take on EA, this makes sense. In the last three months, 10 analysts have published buy ratings on EA – with only 1 hold rating. Plus their average price target of $146 indicates 11% upside from current levels.

Hype is building ahead of the release of EA’s latest installment in the Battlefield franchise, Battlefield V (to be released on Oct. 19). And now top Oppenheimer analyst Andrew Uerkwitz has attended a ‘Battlefield reveal event.’ He likes what he sees. EA is wisely avoiding the controversy surrounding previous release Star Wars: Battlefront 2 by limiting in-game payments.

“Following lessons learned in the past, BFV shows EA’s commitment to live service (constantly updated content) and offering more value without sacrificing fair play. Microtransactions will be limited to cosmetic items only in BFV” explains Uerkwitz.

As a result, he concludes that: “we see the potential for this title to set up both near and long-term outperformance for the BF franchise.”

Top Hedge Fund Stocks: UnitedHealth Group (UNH)

One of the US’s largest health insurance companies,  UnitedHealth Group Incorporated (NYSE: UNH ) is winning over both hedge funds and analysts right now. Hedge funds currently have a whopping $5.25 billion invested in UNH- making it the 19th most popular hedge fund stock. Indeed Stephen Mandel has just boosted Lone Pine’s holding 17% to $910 million, although Boykin Curry wins first place with a $1.145 billion position. So what is it that makes this stock so special?

For top-rated Oppenheimer analyst  Michael Wiederhorn , the answer is clear: “The company remains the premier operator in the healthcare services universe, with many competitors trying to emulate its business model.” He continues: “We believe UNH is well positioned by virtue of its diversification, strong track record, elite management team and exposure to certain higher growth businesses.”

And don’t forget that UNH also boasts its lucrative Optum business. According to Wiederhorn Optum “is a nice complement to its core managed care operations and continues to account for a large share of earnings.” Turning to Q1 results, we can see that Optum revenues soared +11% y-y to $23.6B with earnings also up +29% to $1.7B.

He has a $276 price target on UNH- which is exactly in line with the Street- and translates into upside potential of just over 12%. Impressively, UNH has received eight consecutive buy ratings from analysts in the last three months.

Top Hedge Fund Stocks: Mastercard (MA)

RBC Capital reveals that 19% of hedge funds hold Mastercard Incorporated (NYSE: MA ) with a total of $5.17 billion invested. This makes MA the 20th most popular hedge fund stock right now. At the top of the pack is Charles Akre (of Akre Capital Management) with his massive $932m holding. Luckily for these funds, the Street is just as bullish on Mastercard’s outlook.

Indeed, top Tigress Financial analyst  Ivan Feinseth  calls MA one of his top stock picks. He explains: We reiterate our Strong Buy rating on MA as growth in gross dollar volume (GDV) and increasing market share penetration continues to drive accelerating Business Performance. Plus “2018 will continue to be another strong year as MA continues to benefit from positive global macroeconomic trends.” Given this upbeat take, it’s not surprising that MA remains on the firm’s Research Focus List and Focus Opportunity Portfolio.

Overall our data reveals that this Strong Buy stock has scored 11 buy ratings in the last three months. Only one analyst has stayed on the sidelines. Meanwhile, the average analyst price target of $205 indicates just over 7% upside from the current share price.

However- this is just the average. SunTrust’s Andrew Jeffrey recently ramped up his price target to $215, while calling MA the “most innovative and competitively advantaged Payments ecosystem participant.”

Top Hedge Fund Stocks: Pioneer Natural (PXD)

Hedge funds upped their exposure to the Permian Basin in Q1 via leading oil and gas stock Pioneer Natural Resources Company (NYSE: PXD ). Our data shows that Pioneer has a ‘Very Positive’ hedge fund sentiment- with 34 funds creating new positions and 22 funds adding to existing positions. Famous fund players with big PXD positions include Izzy Englander, Ken Griffin and Seth Cohen.

The company is fast becoming a Permian Basin pure-play as it divests of assets outside the basin. According to the company, in the Permian Basin alone, Pioneer’s acreage could contain 20,000 drilling locations and a whopping 11 BBOE (billion barrels of oil equivalent).

PXD has recorded a very strong start to the year in terms of production. The company outperformed in Q1, recording a triple whammy of better-than-expected production, EPS, and cash flow. And now MUFG analyst Michael McAllister raised his price target on the stock to $223 from $220. PXD deserves a premium due to its acreage position, production growth, and the strength of its balance sheet says the analyst.

Our data reveal that this ‘Strong Buy’ stock has received 11 recent buy ratings vs 3 hold ratings. The stock is also on Goldman Sachs’ exclusive ‘Conviction Buy’ stock list. Analysts are predicting (on average) further upside potential of 20% to $236.

Top Hedge Fund Stocks: Qualcomm (QCOM)

Last but not least we have chipmaking giant Qualcomm Incorporated (NASDAQ: QCOM ). The company proved a big hit with funds in Q1- with 124 funds holding the stock. Most notably Theofanis Kolokotrones of the $133 billion Primecap fund boosted his holding 41% to $1.2 billion.

Kolokotrones is now heavily invested in the outcome of QCOM’s planned $44 billion takeover of NXP Semiconductors  (NASDAQ: NXPI ). The big question is whether China’s MOFCOM (Ministry of Commerce) will finally approve QCOM’s bid after 15 months of waiting! Thankfully, RBC Capital’s top analyst  Amit Daryanani  sees signs that approval is becoming increasingly likely. Fingers crossed because the “NXPI deal getting approved would unlock sizable $1.50+ synergies for QCOM”.

But even without NXPI, QCOM is an attractive large-cap value name:

“We think QCOM is an attractive name for value investors as a) either NXPI deal gets done or QCOM does a sizable buyback and b) we see high probability that OEMs under dispute could settle sooner now that it’s clear QCOM isn’t going anywhere. Finally, should we get more discipline and consistent execution, the stock should see a sustained multiple expansion.”

Daryanani reiterates a Buy rating on Qualcomm shares with a price target of $70 (20% upside potential). Overall the stock has a ‘Moderate Buy’ analyst consensus rating with a $62 price target.

TipRanks offers investors the latest insight into eight different sectors by tracking the activity of 4,700 analysts, 5,000 financial bloggers and even 37,000 corporate insiders. As of this writing, Harriet Lefton did not hold a position in any of the aforementioned securities.

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The post 10 Stocks Hedge Fund Billionaires Are Bullish On appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.




http://articlefeeds.nasdaq.com/~r/nasdaq/symbols/~3/ZEcc1yIapGM/10-stocks-hedge-fund-billionaires-are-bullish-on-cm972446

Former SoftBank Executive to Run Palo Alto Networks

Palo Alto Networks Inc. PANW 0.53% on Friday named Nikesh Arora, a former top SoftBank Group Corp. 9984 -0.04% executive, as its next chairman and chief executive, following years of rapid growth for the cybersecurity company.

Mr. Arora will succeed Mark McLaughlin, who joined Palo Alto Networks as CEO in 2011 and took the company public in 2012. He oversaw brisk growth at a time when high-profile cyberattacks pushed corporations to beef up their investments in security software.

In an interview, Mr. McLaughlin said that after nearly a decade of running publicly traded companies, he wants to spend more time with his family. He said he discussed the transition with the board for eight months. He will remain as vice chairman, a “customer-facing” role in which he said he will help with customer advocacy and the company’s relationship with the federal government.

With Mr. Arora, who also will replace Mr. McLaughlin as chairman, Palo Alto Networks gains a CEO with a reputation as a global deal maker.

Mr. Arora was a longtime executive at Alphabet Inc.’s Google, where as chief business officer he oversaw sales, customer service, marketing and tech support.

He pointed to his experience in helping Google build up globally.

“No, I haven’t worked in security,” Mr. Arora said in an interview. “The need here is to lead a team of 5,000 people, shore up our global operations to continue to scale.”

Mr. Arora said it was too soon to get into the specifics of his strategy, but noted that he was attracted to helping companies figure out how to stay secure as they transition to cloud computing. “I think that is a huge opportunity,” he said.

His tenure at Palo Alto Networks begins June 6, the company said. Mr. Arora declined to comment on his compensation.

Mr. Arora said he plans to focus on continuing the company’s current trajectory. “The question is how do we take this from here and 2x or 3x it and continue to scale,” he said.

At SoftBank, where he served as president and operating chief, Mr. Arora shepherded billions of dollars in investments. He had once been considered a successor to the Japanese internet and telecommunications company’s CEO, Masayoshi Son, who had handpicked the Silicon Valley deal maker to replace him. But Mr. Arora faced criticism from some SoftBank shareholders over his investment choices for the company, and he left abruptly in 2016—two years after he was wooed away from Google.

Mr. Arora on Friday defended his investment record. “Of the eight or nine investments I did, six are working really well, one still remains to be seen and two didn’t work. Now that’s called portfolio management.”

Palo Alto Networks sells next-generation firewalls, security products designed to keep malicious software out of corporate networks. When it went public in 2012, annual revenue was $225.1 million. By fiscal 2017, that figure had jumped to $1.8 billion as the company siphoned sales from established vendors such as Cisco Systems Inc. and Check Point Software Technologies Ltd.

However, Palo Alto Networks has consistently run at a loss, in part because of the cost of share-based compensation. Its loss widened to $216.6 million in fiscal 2017 from $192.7 million a year earlier.

The change at the top comes as Palo Alto Networks is looking to acquisitions to maintain its breakneck revenue growth. In March, the Santa Clara, Calif., company spent $300 million on cloud-security company Evident.io. The following month, it bought Israeli cybersecurity startup Secdo Ltd. Terms of that deal weren’t disclosed.

When Palo Alto Networks went public, the shares priced at $42. The stock finished Friday up a half percent at $209.19. For the year, it has surged 44%.

Mr. McLaughlin said the company’s strategy is to invest in its new security platform, for which it hopes other developers will write software—something akin to a Windows operating system but for security software.

Write to Robert McMillan at Robert.Mcmillan@wsj.com and Rolfe Winkler at rolfe.winkler@wsj.com

Appeared in the June 2, 2018, print edition as ‘Cybersecurity Firm Picks New CEO.’

https://www.wsj.com/articles/former-softbank-executive-nikesh-arora-to-run-palo-alto-networks-1527888685?mod=pls_whats_news_us_business_f

The Wall Street Journal: Trump to name Douglas Fears as White House homeland security adviser

President Donald Trump on Friday will name Rear Adm. Douglas Fears as his new homeland security adviser, the latest reshuffling to occur within the White House National Security Council, according to an administration official.

The move comes nearly two months after Tom Bossert was abruptly ousted as Trump’s White House homeland security adviser after National Security Council staff complained about Bossert’s management and lengthy meetings, according to people familiar with the matter. Bossert left after John Bolton, the former U.S. ambassador to the United Nations, took over as national security adviser and moved to consolidate power, the people said.

Adm. Fears, who has spent more than 30 years serving in the U.S. Coast Guard, has been serving as an acting homeland security adviser in recent weeks. He had been scheduled to leave the National Security Council and take command of the U.S. Coast Guard Cyber Command later this month, before he was asked to be homeland security adviser.

Fears will hold the rank of deputy assistant to the president, a notch lower than the position of assistant to the president held by his predecessor, Bossert, whose level of authority was equal to that of Lt. Gen. H.R. McMaster, who served as Trump’s national security adviser until he was replaced by Bolton.

An expanded version of this report appears at WSJ.com.


http://www.marketwatch.com/news/story.asp?guid=%7B2FE72DCE-65ED-11E8-AD5D-DBD489DC588D%7D&siteid=rss&rss=1

Spotify Revokes Policy to Punish Artists Accused of Bad Behavior

Spotify Technology SA SPOT 0.97% walked back its three-week-old “Hate Content and Hateful Conduct” policy, which touched off debate in the music industry about whether streaming services should punish artists for alleged bad behavior.

The world’s dominant music-streaming service in May removed R&B star R. Kelly and rapper XXXTentacion from playlists created by its staff, a move that went far beyond the company’s previous practice of banning music with explicitly hateful lyrics, such as white-supremacist sentiments. That part of the policy remains in place after Friday’s reversal.

Spotify said in a blog post Friday it was “moving away from implementing” the new policy about conduct, adding that while its intentions were in the right place, the policy was too vague and the service didn’t gather enough input from employees or business partners.

“Our role is not to regulate artists,” the blog post said.

The policy, when issued, drew ire from across the music industry. While R. Kelly’s and XXXTentacion’s music remained available on the service, it was removed from Spotify’s playlists, many of which are popular vehicles for drawing attention to artists and can drum up millions of streams.

The policy was rolled out hastily in the #MeToo era and in an industry that has been slow to dole out consequences for perpetrators of alleged bad behavior. The policy also led to internal divisions at Spotify.

Troy Carter, a senior Spotify executive who oversees relations with musicians, threatened to leave the company over the policy, according to people familiar with the matter. A Spotify spokesman declined to make Mr. Carter available for comment.

Spotify’s response has shifted markedly in recent days. As recently as Wednesday, Chief Executive Daniel Ek said the conduct policy was still in place even as the company was “taking feedback.”

“We rolled this out wrong, and we could have done a much better job,” Mr. Ek said.

The goal of the policy, Mr. Ek said during an interview at a conference organized by the technology-news website Recode, was to make sure Spotify wasn’t carrying hate speech. “It wasn’t to go after being moral police about who did right, who did wrong,” Mr. Ek said. “You get into really tricky things such as has this person actually been charged with something, have they actually been convicted of something, etc.”

Mr. Kelly’s music was pulled from various playlists after a #MuteRKelly social-media campaign aimed to end the 51-year-old’s career, following years of allegations of sexual abuse, particularly of underage girls. In 2002, he was indicted and later acquitted on child-pornography charges.

XXXTentacion, a 20-year-old rapper, has been charged with battery and cultivated a reputation for controversial social media posts and public feuds.

XXXTentacion’s music is now back on Spotify playlists, including the highly influential RapCaviar. Mr. Kelly’s music remains off any playlists created by the service. Representatives for Mr. Kelly and XXXTentacion didn’t immediately respond to requests for comment.

Corrections & Amplifications
R. Kelly’s music is not on Spotify’s own playlists. An earlier version of this article incorrectly stated his music was back on playlists created by the service. (June 1, 2018)

Write to Anne Steele at Anne.Steele@wsj.com

https://www.wsj.com/articles/spotify-revokes-policy-to-punish-artists-accused-of-bad-behavior-1527889315?mod=pls_whats_news_us_business_f

How Governments Influence Markets

In the 1920s, very few people would have identified the government as the major player in the markets. Today, very few people would doubt that statement. In this article, we will look at how the government affects the markets and influences business in ways that often have unexpected consequences.

Monetary Policy: The Printing Press

Of all the weapons in the government’s arsenal, monetary policy is by far the most powerful. Unfortunately, it is also the most imprecise. True, the government can do some fine control with tax policy to move capital between investments by granting favorable tax status (municipal government bonds have benefited from this). On the whole, however, governments tend to go for large, sweeping changes by altering the monetary landscape. (For more, see: How The U.S. Government Formulates Monetary Policy.)

Currency Inflation

Governments are the only entities that can legally create their respective currencies. When they can get away with it, governments always want to inflate the currency. Why? Because it provides a short-term economic boost as companies charge more for their products; it also reduces the value of the government bonds issued in the inflated currency and owned by investors.

Inflated money feels good for awhile, especially for investors who see corporate profits and share prices shooting up, but the long-term impact is an erosion of value across the board. Savings are worth less, punishing savers and bond buyers. For debtors, this is good news because they now have to pay less value to retire their debts—again, hurting the people who bought bank bonds based off those debts. This makes borrowing more attractive, but interest rates soon shoot up to take away that attraction.

Fiscal Policy: Interest Rates

Interest rates are another popular weapon, even though they are often used to counteract inflation. This is because they can spur the economy separately from inflation. Dropping interest rates via the Federal Reserve—as opposed the raising them—encourages companies and individuals to borrow more and buy more. Unfortunately, this leads to asset bubbles where, unlike the gradual erosion of inflation, huge amounts of capital are destroyed, which brings us neatly to the next way the government can influence the market. (For more on how interest rates affect economics, see: How Interest Rates Affect The U.S. Market.)

Bailouts

After the financial crisis from 2008-2010, it is no secret that the U.S. government is willing to bail out industries that have gotten themselves into trouble. Truth be told, this fact was known even before the crisis. The savings and loan crisis of 1989 was eerily similar to the bank bailout of 2008, but the government even has a history of saving non-financial companies like Chrysler (1980), Penn Central Railroad (1970) and Lockheed (1971). Unlike the direct investment under the Troubled Asset Relief Program (TARP), these bailouts came in the form of loan guarantees.

Bailouts can skew the market by changing the rules to allow poorly run companies to survive. Often, these bailouts can hurt shareholders of the rescued company and/or the company’s lenders. In normal market conditions, these firms would go out of business and see their assets sold to more efficient firms in order to pay creditors and, if possible, shareholders. Fortunately, the government only uses its ability to protect the most systemically important industries like banks, insurers, airlines and car manufacturers. (Learn more about the bailouts in: Liquidity And Toxicity: Will TARP Fix the Financial System?)

Subsidies and Tariffs

Subsidies and tariffs are essentially the same thing from the perspective of the taxpayer. In the case of a subsidy, the government taxes the general public and gives the money to a chosen industry to make it more profitable. In the case of a tariff, the government applies taxes to foreign products to make them more expensive, allowing the domestic suppliers to charge more for their product. Both of these actions have a direct impact on the market.

Government support of an industry is a powerful incentive for banks and other financial institutions to give those industries favorable terms. This preferential treatment from government and financing means more capital and resources will be spent in that industry, even if the only comparative advantage it has is government support. This resource drain affects other, more globally competitive industries that now have to work harder to gain access to capital. This effect can be more pronounced when the government acts as the main client for certain industries, leading to the well-known examples of over-charging contractors and chronically delayed projects. 

Regulations and Corporate Tax

The business world rarely complains about bailouts and preferential treatment to certain industries, perhaps because they all harbor a secret hope of getting some. When it comes to regulations and tax, however, they howl—and not unjustly. What subsidies and tariffs can give to an industry in the form of a comparative advantage, regulation and tax can take away from many more.

Lee Iacocca was the CEO of Chrysler during its original bailout. In his book, Iacocca: An Autobiography, he points at the higher costs of ever-increasing safety regulations as one of the main reasons Chrysler needed the bailout. This trend can be seen in many industries. As the regulations increase, smaller providers get squeezed out by the economies of scale the larger companies enjoy. The end result is highly-regulated industry with a few large companies that are necessarily intertwined with the government.

High taxes on corporate profits have a different effect in that they discourage companies from coming into the country. Just as states with low taxes can lure away companies from their neighbors, countries that tax less will tend to attract any corporations that are mobile. Worse yet, the companies that can’t move end up paying the higher tax and are at a competitive disadvantage in business as well as for attracting investor capital.

The Bottom Line

Governments may be the most terrifying figures in the financial world. With a single regulation, subsidy or switch of the printing press, they can send shockwaves around the world and destroy companies and whole industries. For this reason, Fisher, Price and many other famous investors considered legislative risk as a huge factor when evaluating stocks. A great investment can turn out to be not that great when the government it operates under is taken into consideration. (For related reading, see: The Government And Risk: A Love-Hate Relationship.)

https://www.investopedia.com/articles/economics/11/how-governments-influence-markets.asp?utm_campaign=rss_articles&utm_source=rss_www&utm_medium=referral

Nitinat Announces Private Placement

TORONTO, June 01, 2018 (GLOBE NEWSWIRE) — Nitinat Minerals Corp. (the “Corporation”) (TSX.V:NZZ) (Frankfurt:04U1) is pleased to announce that it intends to raise gross proceeds of up to $6000,000 through a non-brokered private placement of up to 5 million units (the “Units”) of the Corporation at a price of $0.12 per Unit. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one (1) common share for a period of two (2) years from date of issuance at an exercise price of $0.15 per Warrant.

The non-brokered private placement is subject to all necessary regulatory approvals. The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The Corporation intends to use the net proceeds for general working capital.

The Corporation will not be proceeding with the proposed private placement of common shares as announced in its press release of May 7, 2018.

Corporation contact:

Herb Brugh, President and Director
Tel: 416.216.0964

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “anticipated”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Nitinat is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Nitinat cannot assure investors that actual results will be consistent with these forward-looking statements and Nitinat assumes no obligation to update or revise the forward-looking statements contained in this release to reflect actual events or new circumstances.

http://globenewswire.com/news-release/2018/06/01/1515819/0/en/Nitinat-Announces-Private-Placement.html

What is the relationship between oil prices and inflation?

A:

The price of oil and inflation are often seen as being connected in a cause-and-effect relationship. As oil prices move up or down, inflation follows in the same direction. The reason why this happens is that oil is a major input in the economy – it is used in critical activities such as fueling transportation and heating homes – and if input costs rise, so should the cost of end products. For example, if the price of oil rises, then it will cost more to make plastic, and a plastics company will then pass on some or all of this cost to the consumer, which raises prices and thus inflation.

The direct relationship between oil and inflation was evident in the 1970s, when the cost of oil rose from a nominal price of $3 before the 1973 oil crisis to around $40 during the 1979 oil crisis. This helped cause the consumer price index (CPI), a key measure of inflation, to more than double to 86.30 by the end of 1980 from 41.20 in early 1972. To put this into greater perspective, while it had previously taken 24 years (1947-1971) for the CPI to double, it took about eight years during the 1970s.

However, this relationship between oil and inflation started to deteriorate after the 1980s. During the 1990’s Gulf War oil crisis, crude oil prices doubled in six months to around $40 from $20, but CPI remained relatively stable, growing to 137.9 in December 1991 from 134.6 in January 1991. This detachment in the relationship was even more apparent during the oil price run-up from 1999 to 2005, when the annual average nominal price of oil rose to $50.04 from $16.56. During this same period, the CPI rose to 196.80 in December 2005 from 164.30 in January 1999. Using this data, it appears that the strong correlation between oil prices and inflation that was seen in the 1970s has weakened significantly.

For more information, see our tutorial All About Inflation and The Consumer Price Index: A Friend to Investors.

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Google Won’t Seek to Renew Pentagon Contract After Internal Backlash

Alphabet Inc.’s GOOGL 3.18% Google has decided not to seek renewal of a Pentagon contract that had become the focus of internal debate around the use of the tech giant’s technology for military purposes, said a person familiar with the matter.

Diane Greene, the head of Google’s cloud-computing division, on Friday told employees the company wouldn’t renew a partnership with the U.S. Defense Department that is set to expire in March 2019, the person said. The program, code-named “Project Maven,” helped the Pentagon identify and track potential drone targets through artificial intelligence.

Technology blog Gizmodo earlier reported Google’s decision that it wouldn’t try to get the contract renewed.

Google’s capitulation on a high-profile government contract comes amid debate within the firm’s campus about its involvement in war. As news of Project Maven leaked in recent months, employees objecting to the program protested on internal message boards. Some employees signed a petition asking Google Chief Executive Sundar Pichai to end the program.

A Google spokesman said recently the Pentagon uses its technology only to recognize objects and help “save lives,” not for launching weapons.

Google’s move marks the latest example of how it is struggling to contain growing activism among fractious groups within its workforce. Google’s employee intranet is filled with tools enabling its 80,000 employees to broadcast their opinions on topics ranging from social issues to political beliefs. Just as some employees have protested Google’s work with the government, others expressed concern that the opinions of low-level employees shouldn’t have a bearing on the company’s business contracts.

The internal debate around Maven contributed to the company’s decision not to renew its contract, the person familiar with the matter said.

Google is still competing with rivals including Amazon.com Inc. and Microsoft Corp. for a multibillion-dollar contract to move the Pentagon’s data into the cloud. The Pentagon’s Joint Enterprise Defense Infrastructure cloud contract, known by the acronym JEDI, could be worth billions over a decade for cloud computing.

To help quell employee concerns about future government contracts, Google plans to release a set of internal ethical guidelines next week that will set limits on how the company will permit its technology to be used, the person familiar said.

Write to Douglas MacMillan at douglas.macmillan@wsj.com

https://www.wsj.com/articles/google-wont-seek-to-renew-pentagon-contract-after-internal-backlash-1527888725?mod=pls_whats_news_us_business_f

How does gross domestic product (GDP) affect standard of living?

A:

Gross domestic product (GDP) measures the total output of an entire economy by adding up total consumption, investment, government expenditure and net exports. GDP is therefore considered a quality approximation of income for an entire economy in a given period.

Per capita GDP is calculated by dividing total GDP by a country’s population, and this figure is frequently cited when assessing standard of living. There are a number of adjustments to GDP used by economists to improve the explanatory power of the statistic, and economists have also developed a number of alternative metrics to measure standard of living.

Application and Shortcomings

While standard of living is a complex topic with no universally objective measurement, rising global income since the Industrial Revolution has undeniably been accompanied by global poverty reduction, improved life expectancy, increased investment in technology development and a high material standard of living in general.

GDP is divided by population to determine personal income, adjusted for inflation with real GDP and adjusted for purchasing power parity to control for the impacts of regional price disparities. Real per capita GDP adjusted for purchasing power parity is a heavily refined statistic used to measure true income, which is an important element of well-being.

Many economists and academics have observed that income is not the only determinant of well-being, so other metrics have been proposed to measure standard of living. The Human Development Index (HDI) was developed by economists in association with the United Nations Development Programme, and this metric includes measurements of life expectancy and education in addition to per capita income. Prior to 2010, GDP was a direct input in the official calculation of HDI, but it has since changed to gross national product (GNP). There are also adjustments to HDI that account for such variables as income inequality.

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Pengrowth Confirms Delisting Notification from NYSE and Announces Plan to Trade on OTCQX

CALGARY, Alberta, June 01, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today confirms that it has received a delisting notification from the New York Stock Exchange (NYSE). The Company received notice on December 1, 2017 that its share price had fallen below the NYSE’s continued listing standard for average closing price of less than U.S. $1.00 over a consecutive 30 trading-day period. Given that the share price on the NYSE has not recovered sufficiently to regain compliance, the Board of Directors of Pengrowth decided that it was not in the long-term best interest of the Company or its shareholders to effect a reverse stock-split of the Company’s common stock, in order to preserve the listing of its common stock on the NYSE. Pursuant to Listed Company Manual Section 802.01C, trading in the common shares of Pengrowth on the NYSE ceased after markets closed on June 1, 2018 and delisting proceedings commenced. Pengrowth’s shares will continue to trade in Canada on the Toronto Stock Exchange (TSX) under the symbol “PGF”.  

To ensure U.S. investors continue to have the ability to transact in Pengrowth shares, the Company is expected to begin trading on the OTCQX® Best Market in the United States, under the symbol “PGHEF” on or about June 4, 2018. The OTCQX is the most prestigious tier of the OTC markets operated by OTC Markets Group Inc. (OTCQX:OTCM). U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Pengrowth on www.otcmarkets.com.

Pengrowth’s listing on the TSX is not affected by the NYSE delisting. The Company is in full compliance with the TSX listing requirements and the Company’s financial statements will continue to be audited by an independent accounting firm. Quarterly and annual financial information will continue to be published via press releases, filed on SEDAR in Canada and EDGAR in the United States, and will be posted to Pengrowth’s website at www.Pengrowth.com

About Pengrowth:

Pengrowth Energy Corporation is a Canadian energy company focused on the sustainable development and production of oil and natural gas in Western Canada from its Lindbergh thermal oil property and its Groundbirch Montney gas property. The Company is headquartered in Calgary, Alberta, Canada and has been operating in the Western basin for over 28 years. The Company’s shares trade on both the Toronto Stock Exchange under the symbol “PGF” and on the New York Stock Exchange under the symbol “PGH”. 

PENGROWTH ENERGY CORPORATION
Pete Sametz
President and Chief Executive Officer

Contact information:

Wassem Khalil
Manager, Investor Relations
Toll free 1-855-336-8814

For further information about Pengrowth, please visit our website www.pengrowth.com or contact: Investor Relations, E-mail: investorrelations@pengrowth.com

Advisories:

Caution Regarding Forward Looking Information:
This press release contains forward-looking statements within the meaning of securities laws, including the “safe harbour” provisions of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “forecast”, “target”, “project”, “guidance”, “may”, “will”, “should”, “could”, “estimate”, “predict” or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements in this press release include, but are not limited to, statements with respect to  the delisting of Pengrowth’s common shares from the NYSE and the timing thereof; a delisting from the NYSE not affecting the continued listing and trading of Pengrowth’s common shares on the TSX and the expectation for trading on the OTCQX and timing thereof. Forward-looking statements and information are based on current beliefs as well as assumptions made by and information currently available to Pengrowth concerning anticipated financial performance, business prospects, strategies and regulatory developments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to: changes in general economic, market and business conditions; the volatility of oil and gas prices; fluctuations in production and development costs and capital expenditures; the imprecision of reserve estimates and estimates of recoverable quantities of oil, natural gas and liquids; Pengrowth’s ability to replace and expand oil and gas reserves; geological, technical, drilling and processing problems and other difficulties in producing reserves; environmental claims and liabilities; incorrect assessments of value when making acquisitions; increases in debt service charges; the loss of key personnel; the marketability of production; defaults by third party operators; unforeseen title defects; fluctuations in foreign currency and exchange rates; fluctuations in interest rates; inadequate insurance coverage; compliance with environmental laws and regulations; actions by governmental or regulatory agencies, including changes in tax laws; Pengrowth’s ability to access external sources of debt and equity capital; the impact of foreign and domestic government programs and the occurrence of unexpected events involved in the operation and development of oil and gas properties. Further information regarding these factors may be found under the heading “Business Risks” in our most recent management’s discussion and analysis and under “Risk Factors” in our Annual Information Form dated February 28, 2018.

The foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking statements contained in this press release are made as of the date of this press release, and Pengrowth does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

http://globenewswire.com/news-release/2018/06/01/1515818/0/en/Pengrowth-Confirms-Delisting-Notification-from-NYSE-and-Announces-Plan-to-Trade-on-OTCQX.html

The Tell: Falling Deutsche Bank shares reignite ‘black swan’ worries

Just when stock-market bulls thought it was safe to go back in the water after Italy’s political crisis stirred a bout of global turmoil, some wary investors and market watchers are ringing alarm bells over Deutsche Bank.

“To this observer (who has consistently warned about Deutsche Bank being the next Black Swan and the imbalances in the European banking system (particularly in Italy)), the risks of a possible negative multiplier effect on other European financial intermediaries and on the region’s economic prospects is profoundly real,” wrote hedge-fund manager Doug Kass in an email to clients Thursday.

As popularized by Nassim Nicholas Taleb in his book, “The Black Swan,” such events, also known as “tail risks,” are events that are rare and unexpected but carry an extreme impact.

But other investors are skeptical, arguing that while Deutsche Bank has plenty of difficulties, it doesn’t represent a systemic risk. The problem, they say, isn’t with the bank’s balance sheet, which is less leveraged than in the past, but with falling revenue and the difficulties in implementing a far-reaching restructuring program, including hefty job cuts.

The majority of the bank’s revenues still come from the trading side of the business, “and that’s probably the biggest problem,” said Kevin Kelly, chief executive and managing partner of Benchmark Investments.

Deutsche Bank is underperforming its U.S. peers and in part that’s because the company’s “signaling” to the market of its intentions to scale back its global investment banking business, its U.S. footprint and other operations.

”If I’m a counterparty, I’m not going to increase my trading with Deutsche Bank given the CEO’s recent rhetoric,” he said. That, rather than the danger of “contagion” is the biggest risk, Kelly said.

Others also argued that operational issues are the bigger danger:


Shares of the troubled German banking giant
DBK, +2.76%
DB, -0.36%
 rebounded 3.6% in Frankfurt on Friday but ended the week down 8.6% and are off more than 40% in 2018. Shares were slammed Thursday after it was revealed that the Federal Reserve had designated its U.S. business in “troubled condition,” one of the lowest designations employed by the central bank.

Deutsche Bank was downgraded Friday by S&P Global Ratings, which cited concerns over the company’s restructuring plans.

Read: Deutsche Bank stock is looking cheap after 40% slide, but analysts remain wary

Worries about the fallout from trouble at Deutsche Bank aren’t new. Jitters surrounding Deutsche Bank and its derivatives book briefly roiled markets in the autumn of 2016.

See: Christian Sewing implores all of Deutsche Bank to prove that ravaged stock price is wrong

The Global Macro Monitor blog has also included Deutsche Bank in its “Swan Watch,” in which it defines a “macro swan” as any global macroeconomic or financial event “with the capacity to spill over into world markets causing risk aversion and lower asset prices.”

“DB is now getting the market’s attention but still doesn’t fully realize the potential problem,” the blog wrote in a Thursday post falling the stock’s selloff.


http://feeds.marketwatch.com/~r/marketwatch/financial/~3/tmxBkvcHoXY/story.asp

Friday Apple Rumors: 2018 iPhone X Plus May Feature Triple-Lens Camera

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InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Leading the Apple Inc. (NASDAQ: AAPL ) rumor mill today is news of a triple-lens camera coming to one 2018 iPhone. Today, we’ll look at that and other Apple Rumors for Friday.

Friday Apple Rumors: 2018 iPhone X Plus May Feature Triple-Lens Camera Triple-Lens Camera : A recent rumor claims that Apple may release an iPhone with a triple-lens camera in 2018 , reports MacRumors . According to this rumor, the triple-lens camera will sit on the rear of the 2018 iPhone X Plus. This is a bit of a sketchy rumor, to say the least. It’s not that there hasn’t been talk of a triple-lens camera, but most of it suggests the feature won’t launch until 2019.

LCD iPhone : A batch of renders provides a possible look at the 2018 LCD iPhone , BGR notes. These renders aren’t actual leaks, but they are made based on leaks of CAD files for the upcoming smartphone. The renders show a device with a single-lens camera on the back and a notch in the display. The renders of the smartphone also show off a 6.1-inch display, which is the screen size that rumor claim the device will have.

iPhone Delay : Rumor has it that Apple may have to delay one of its 2018 smartphones , reports 9to5Mac . This rumor says that the tech company will have to delay the release of the LCD iPhone X back to November. This would have the device missing the typical iPhone September  release window by two months. It also claims that this delay won’t include the two OLED models of the iPhone X.

Check out more recent Apple Rumors or Subscribe to Apple Rumors EmailSubscribe to Apple Rumors : Apple Rumors RSSRSSAs of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.




Referenced Symbols: AAPL

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