YETI Holdings, Express, Align Technology and Tesla highlighted as Zacks Bull and Bear of the Day

For Immediate Release

Chicago, IL – July 15, 2020 – Zacks Equity Research Shares of YETI Holdings, Inc. YETI as the Bull of the Day, Express, Inc. EXPR asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Align Technology, Inc. ALGN and Tesla, Inc. TSLA.

Here is a synopsis of all four stocks:

Bull of the Day:

YETI Holdings designs and distributes consumer outdoor and recreational products under the popular YETI brand. Its line-up is made for activities like hunting, fishing, and camping, and includes premium coolers, drinkware, waterproof and everyday bags, and other outdoor gear.

Q1 Earnings Recap

Back in May, YETI reported first-quarter earnings and revenue that beat the Zacks Consensus Estimate.

Net sales increased 12% to $174 million, while EPS came in at $0.10 per share. Gross margin expanded 370 basis points.

Its direct-to-consumer net sales surged 29% to $79.6 million

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These Retailers Stand to Gain

E-commerce is hogging limelight now due to the convenience and safety it is offering amid the ongoing pandemic. E-commerce has revolutionized the retail universe in the recent past. From browsing a product to making quick order, delivery, return, personalization and after-sale service, online shopping addresses all. And COVID-19 jitters are most likely to further transform the online world.

Shedding further light on e-commerce, Americans now prefer e-retailing over physical retailing. Per the Digital Commerce 360 data, total U.S. online sales were $73.2 billion in June, up significantly from $41.5 billion in the year-earlier period. According to the eMarketer forecast, U.S. e-commerce sales are expected to increase 18% this year, with spending of nearly $709.8 billion on e-commerce. This is likely to account for 14.5% of the overall U.S. retail sales. The report also predicts U.S. click-and-collect e-commerce sales to reach $58.5 billion, mirroring 60.4% growth from the initial projection.

As

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Remote Working Drives PC Peripheral Demand: 5 Stocks to Watch

The coronavirus pandemic has radically changed the work environment. With more employees forced to work remotely to maintain social distancing, there has been a surge in demand for computer and computer peripherals. People are equipping their home offices as the work-from-home trend is here to continue for an uncertain period of time.

Home to Office Transformation Boosts PC Peripheral Sales

In March, Shopify provided a $1,000 stipend to its employees for buying office supplies. While several companies have allowed employees to take their computers and laptops home, there was a spike in demand for peripherals like pointing devices, webcams, speakers, microphones and storage devices.

In fact, per NPD data, mice and keyboard sales grew 10% in the first two weeks of March. The report also said that shift to working from home has also boosted sales of webcams. Additional sales of big screens and dual monitor setups surged with 80,000

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Credit card spending fell 50% at start of lockdown

Credit cards spending dropped by nearly half at the start of lockdown as people played safe with their finances and shunned big purchases.

A total of £8.7bn was spent on credit cards in the first full month of lockdown in April, half the level of April last year, UK Finance said.

The banking trade body said this was the lowest level of spending seen since the last economic downturn.

The cancellation of holiday plans is one likely reason for the fall.

Safety-first

Consumers often use credit cards to pay for summer getaways or major purchases such as household appliances, owing to the extra protection available if something goes wrong.

Many people uncertain about the coronavirus effect on their jobs and finances would have put off buying these items, UK Finance said.

The temporary closure of shops and travel restrictions would also have meant many people put these buying decisions on

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4 effective ways to make your virtual workplace more inclusive

Let’s be honest: pre-pandemic, working from home was a dream. After COVID-19 forced almost everyone to work remotely, we’ve discovered the new virtual workplace encompasses more than Zoom calls, virtual coffees, and cat memes in Slack.

Tech companies did not exactly embrace working from home before the worldwide lockdown, despite studies showing working from home increases employee productivity. Skilled remote workers are also happier employees that are 9% more engaged and 50% less likely to quit their job.

The crisis disproved the perception that working from home was counterproductive. By mid-May, Twitter CEO Jack Dorsey emailed his employees that the entire workforce was allowed to permanently work from home – Slack followed suit in June. Google, Amazon, Facebook, and Microsoft recommended their employees work remotely until October or for the remainder of the year.

Work-life balance, mental health, and diversity and inclusion were already important subjects

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The Effects of Coronavirus Panic-Buying

For long-time residents of the United States, the sight of empty grocery store shelves is more than just a mere oddity. It’s mildly panic-inducing to be reminded that so much of your existence is inherently linked to certain inventory at your local Walmart or Kroger. The ultimate effect of the panic created by COVID-19 has resulted in a run on a wide variety of goods at stores across the country. From toilet paper to quick-dry yeast, people everywhere are finding themselves one step behind their neighbors when it comes to panic-buying.

It has also put an enormous infrastructure that feeds the entire country under a microscope, showing Americans the time and effort that goes into getting the goods they need onto those store shelves as efficiently as possible. You might never have given shipping logistics a moment’s thought before a few weeks ago, but staring at that steadily dwindling pile … Read More

Virus worries and FOMO drive options bets on surging tech giants

By April Joyner

NEW YORK (Reuters) – Options investors are ramping up bets on some of this year’s biggest winners, including Amazon.com Inc, Netflix Inc and Tesla Inc, even as they turn cautious on the wider market amid a resurgent U.S. coronavirus outbreak.

Investors are betting that tech-related stocks will remain comparatively resilient to the coronavirus-fueled economic disruptions that have battered sectors such as retail and travel, despite growing concerns about stretched valuations following steep rallies.

Analysts also see another factor driving the momentum stocks: fear of missing out, or FOMO.

The rocket-like rise of such stocks has driven year-to-date gains for the S&P 500 technology, consumer discretionary and communication services sectors, though the broader S&P 500 benchmark index remains negative for the year. Amazon is a component of the consumer discretionary index, and Netflix is a component of the communication services index.

“The flight to safety is in tech,”

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Google Cloud To Use AI Technology In Fox Sports Deal

Fox Sports (FOX) has announced that it will be working with Alphabet Inc.’s (GOOGL) Google Cloud to enhance its sports broadcasts with new data organizing technologies.

Google confirmed the news in a press release from Fox Sports, saying that it will be providing its cloud-computing capabilities to the popular sports network by “logging, discovering and storing video assets.” The company stated that it will implement cloud technology to transform and maximize production capabilities by utilizing artificial intelligence (AI).

Google Cloud CEO Thomas Kurian said on July 14, “Machine learning is opening up a whole new era of value creation and data-driven innovation in media and entertainment. He added, “Once a company has a more complete understanding of its audience, users and content, it’s amazing what businesses can accomplish with that data.”

The work will involve labeling video clips with minute information such as player jerseys, key

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What to Know About Tech Investing in 2020

The technology sector has been a high-performing group, experiencing record gains in 2020 thus far.

With our new virtual reality accompanied by a surge in online activity, e-commerce and software development are seeing aggressive growth.

Consumer and business spending in these areas has beefed up tech stock price targets and increased shares, reaching new highs.

While the S&P 500 has struggled with a year-to-date daily total return of -0.32%, the tech-heavy Nasdaq has gained about 20% this year to date.

Experts are observing a lot of momentum in the tech sector.

“Public tech stocks have been doing tremendously well so far this year,” says Ben Narasin, venture partner at New Enterprise Associates in Menlo Park, California.

Narasin explains that increasing dependence on technology is a good predictor of even greater reliance on technology after the pandemic ends.

The public health crisis has created a model where there is no one

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Teachers, Parents Raise Concerns About MCPS’ Back-To-School Plan

ROCKVILLE, MD — Teachers and parents are voicing their concerns about student and staff safety under Montgomery County Public Schools’ reopening draft plan.

More than a dozen people submitted testimony ahead of Tuesday’s Board of Education meeting, in which many said the district cannot afford to reopen schools before COVID-19 — a respiratory disease that has sickened nearly 16,000 Montgomery County residents — is better managed or has a vaccine.

Maryland’s largest school district released its back-to-school action plan on Saturday, which has students returning to school on Aug. 31. All students will take classes online before eventually returning to school on a part-time basis.

School officials say the action plan is subject to change based on community feedback and current health conditions.

Christina Vivian, who has taught in Montgomery County for seven years, believes classes should be held online until at least November, as stated in MCPS’ draft plan.

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