Hari

Bland China data leaves market hungry for stimulus

A look at the day ahead in European and global markets from Wayne Cole

It could have been worse, is about the best that can be said of China’s data dump today. The Q2 GDP number of +0.8% q/q just pipped forecasts, but the y/y undershot at 6.3% suggests revisions somewhere to the past.

Industrial output in June beat by rising 4.4% on year, but retail sales missed at 3.1% and property sales suffered the largest monthly drop this year, so making for a rather mixed bag.

The market reaction was disgruntled with Chinese shares down and the yuan easing. Investors’ favorite liquid China proxy, the Aussie dollar, was modestly under water as analysts suspect Beijing will allow the yuan to keep depreciating as one form of indirect stimulus.

The data underlined the need for much more serious fiscal spending but Beijing seems in no hurry to satiate the market wishes this time. The central bank left one-year rates unchanged on Monday, and analysts seem to have resigned to wait for a Politburo meeting later this month for fresh steps.

Earnings season is well underway and Tesla is the first of the tech giants to report on Wednesday, with much riding on whether it can meet high expectations.

BofA expects it and the six other tech behemoths to boast earnings growth of an average of 19% over the next 12 months, more than double the 8% estimated for the rest of the S&P 500.

Worth noting that the phenomenal rise in the seven’s market capitalization will prompt a re-weighting of the Nasdaq on July 24, which will see their weighting fall to 44% of the index from 56%. Apple’s weighting will drop by around 4ppt to 12% and Microsoft the same to 10%.

Goldman Sachs says passive funds that track NDX will rebalance their portfolios but the 2011 special rebalance experience suggests the stock-level impact will be limited.

Key developments that could influence markets on Monday:

– ECB Board member Fabio Panetta at G20 Finance Ministers and Central Bank Governors meeting in Gandhinagar, India

– ECB President Christine Lagarde gives pre-recorded speech, board members Frank Elderson and Philip R. Lane appear at 9th ECB conference on central, eastern and south-eastern European (CESEE) countries

– Federal Reserve Bank of New York issues Empire State Manufacturing Survey for July

(By Wayne Cole; Editing by Jacqueline Wong)

Flywire Co. (NASDAQ:FLYW) CFO Sells $363,120.00 in Stock

Flywire Co. (NASDAQ:FLYW – Get Free Report) CFO Michael G. Ellis sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $30.26, for a total value of $363,120.00. Following the transaction, the chief financial officer now owns 226,459 shares of the company’s stock, valued at $6,852,649.34. The sale was disclosed in a legal filing with the SEC, which is available on the SEC website.

Flywire Stock Performance

NASDAQ:FLYW opened at $32.73 on Friday. The stock’s fifty day moving average is $30.68 and its 200 day moving average is $28.18. Flywire Co. has a fifty-two week low of $17.16 and a fifty-two week high of $33.39. The firm has a market capitalization of $3.63 billion, a PE ratio of -109.10 and a beta of 1.11.

Flywire (NASDAQ:FLYW – Get Free Report) last released its quarterly earnings results on Tuesday, May 9th. The company reported earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Flywire had a negative return on equity of 6.89% and a negative net margin of 10.30%. The company had revenue of $89.10 million for the quarter, compared to analyst estimates of $82.69 million. Equities analysts forecast that Flywire Co. will post -0.14 EPS for the current year.

Institutional Trading of Flywire

Want More Great Investment Ideas?

A number of hedge funds and other institutional investors have recently bought and sold shares of FLYW. Fred Alger Management LLC increased its stake in Flywire by 438.7% in the first quarter. Fred Alger Management LLC now owns 2,456,799 shares of the company’s stock worth $72,132,000 after purchasing an additional 2,000,717 shares during the period. Vanguard Group Inc. increased its stake in Flywire by 29.0% in the third quarter. Vanguard Group Inc. now owns 7,281,361 shares of the company’s stock worth $167,179,000 after purchasing an additional 1,635,222 shares during the period. GW&K Investment Management LLC increased its stake in Flywire by 165.7% in the fourth quarter. GW&K Investment Management LLC now owns 2,178,521 shares of the company’s stock worth $53,309,000 after purchasing an additional 1,358,639 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in Flywire by 2,255.5% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,353,373 shares of the company’s stock worth $33,117,000 after purchasing an additional 1,295,916 shares during the period. Finally, TimesSquare Capital Management LLC purchased a new stake in Flywire in the fourth quarter worth $24,705,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FLYW shares. Bank of America upped their price target on Flywire from $32.00 to $36.00 in a research note on Wednesday, May 10th. Wells Fargo & Company upped their price target on Flywire from $39.00 to $41.00 in a research note on Friday, June 2nd. Stephens upped their price target on Flywire from $32.00 to $34.00 in a research note on Wednesday, May 10th. The Goldman Sachs Group upped their price target on Flywire from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, April 13th. Finally, B. Riley initiated coverage on Flywire in a research note on Friday, June 23rd. They issued a “buy” rating and a $38.00 target price for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $33.09.

About Flywire

(Get Free Report)

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company’s platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.

Read More

Insider Buying and Selling by Quarter for Flywire (NASDAQ:FLYW)

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Terminating Your Physician Employment Agreement

Many of our physician clients are unaware of their termination rights prior to meeting with us.

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If you want to terminate your employment, the first thing you need to do is read your contract.

Most physician employment agreements have substantial termination provisions. You need to know what yours says regarding termination with and without cause, what notice is required, and what other provisions will be triggered by termination.

Many times, employment agreements have an expiration date. For example, if the contract is a three year agreement with an effective date of January 1, 2023 the contract will expire on December 31, 2025. However, it is essential to be aware of any automatic renewal provisions. Some contracts require advance notice on the part of the physician to prevent the automatic renewal.

We also see many extensive provisions for termination without cause. Not all contracts include a termination without cause provision. A termination without cause provision allows you to terminate the contract for any reason or no reason at all. There is usually a requirement to provide written notice in advance, sometimes thirty days prior to termination, sometimes longer.

There are also often termination for cause provisionswhich will list reasons that enable physician to terminate the contract before the expiration date.

No matter the reason for termination, there may be other clauses that will be triggered. It is essential to carefully review every provision of your contract with your attorney to know what consequences or obligations may be triggered.

For example, if you have a non-compete provision, that may be triggered by any termination. There may also be other provisions that can be triggered such as repayment provisions, confidential information provisions, and more.

It is essential to read the entirety of the contract to know the consequences you will face if you terminate your employment agreement.

You also want to loop your attorney in early, so that they can help you understand the ramifications, but also so they can help you approach your employer appropriately. You may want to ask your employer to waive certain provisions and your attorney can help you draft any related amendments.

We help our clients understand their contracts, potential consequences, and best routes for termination.

If you have questions or need help with your healthcare contract or your termination clause, contact Rickard & Associates today.

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Do you need help updating your Business Associate Agreement or negotiating contracts with third-party vendors? We can help. To contact us about your Business Associate Agreement, your vendor contracts or your other legal needs, call us today.

Marketing Your Business Doesn’t Have to Be Expensive

This is the concept of putting in money to play a game or sport. In the business world, it refers to an initial financial investment to start and grow the business.

“I think that everything has to be grassroots first,” Harrison says. “If you take that vantage point, to run everything through community first, I think you will build an ecosystem of people who will buy into your brand and into your story.”

Carolina Furukrona, panelist and founder of artisanal lifestyle boutique NOVA BOSSA in DC, spent over $20,000 on photography in her first year of business and hired a PR consultant. But found that she could do most of the work herself using free tools and applications like Canva.

For fellow panelist, CEO, and founder of TCapri Spirits, Tiffany Capri Hainesworth, the misconception was needing to hire someone to do public relations or PR for her tequila brand.

The powerful alternative for her was word of mouth. She knew she had a great product and a unique story that powered her ability to reach more customers.

“You don’t need someone to do that for you in the beginning. I agree with Tiffany. You are the brand. It’s your point of view. You should be doing, for the first year, your own social media as a small business owner.”

CAROLINA FURUKRONA, FOUNDER OF NOVA BOSSA

Free Tactics to Try

Panelists gave several free tips for owners looking to market their businesses, such as knowing your customer, working with influencers, growing a network, and creating demand online.

Harrison used his network from high school basketball, the Phi Beta Sigma Fraternity, and his local community to create his “ecosystem.”

“Most of my friends or people in my ecosystem are like business cards for me. They get around people just like I do,” he says.

His background in product placement led him to think of influencers as a way to get his products placed and known within their expansive networks.

Hainesworth uses the review section on her business’s website and the reviews from the Total Wine and Liquor website to promote her brand.

“I take every constructive criticism very, very seriously,” Hainesworth says. “And we post the good reviews back onto our social media.”

Although Hainesworth takes reviews, both positive and negative, into consideration, she doesn’t make every change the reviewers want.

“You have to believe in yourself, and you have to believe that whatever you launch is going to be a good product,” she says.

“You know that when it launches, people are going to give you good reviews. You can take that review and put it on your social media — Instagram, Facebook — and you rave about the review and thank your customers for giving you a good review about your earthshaking product.”

TIFFANY CAPRI HAINESWORTH, CEO AND FOUNDER OF TCAPRI SPIRIT

Using Unique Experiences for Marketing

Businesses with retail spaces have a unique opportunity to work with local organizations. Furukrona’s store is in the first high-end Latin market in Union Market in DC, La Cosecha.

She used her previous experiences working in the event planning industry and with embassies to create a cultural festival hosted in the market’s space.

“What we started doing was approaching embassies to do cultural festivals with our collection drops,” she said. From this, they got 14,000 people to attend the festival at La Cosecha during the pandemic.

One of the best parts about this partnership for Furukrona was the access and free promotion this gave her business.

“In the press release, we had the embassy’s logo, our logo, and we got on the embassy’s list, which they sent to all of their people,” she said. “They usually don’t turn over their list, but having those logos with our logo brings credibility as well.”

The store and the market have hosted similar events for Guatemalan Independence Day, and with Trinidad and Tobago.

“I didn’t spend any money on it — it was just effort,” says Furukrona.

Across the panelists, being at the core of their business’s marketing helped them reach goals and customers.

Harrison says finding alignment and walking in purpose, which goes hand in hand with marketing, leads customers to businesses. And that’s a sign of a successful business.

Sleep and Weight Loss – Maria Mind Body Health

Have you ever noticed after a night of poor sleep, are you extra hungry? Do you often fall off your diet after a poor night of sleep?

After a poor night of sleep, your blood sugars are automatically higher causing you to become hungrier, you crave carbohydrates and you often gain weight over consecutive nights of poor sleep.

Many people gain weight in the summer and one main reason is that they skimp on sleep. It’s easy to get 8-10 hours of sleep when it gets dark out at 4:30pm in January, but who wants to go to bed when it’s still light out?

I worked with a lot of gastric bypass patients and in the past, we used to think that they had sleep apnea after they gained weight BUT we now know that the lack of sleep = leptin resistance = don’t feel the sense of feeling full = overeating = weight gain! bad bad bad.

Often times I talk with clients on the phone and they tell me they are eating from my meal plans but their blood sugars are still high.

My first question is “How many hours did you sleep?” There is a huge connection to our health and sleep. Just getting 6 hours at night isn’t going to help heal you in the way you need!

Many studies connect a link between sleep and the hormones that manipulate our eating behavior; which are ghrelin and leptin. Have you ever experienced a sleepless night followed by a day when no matter what you say you never feel satisfied? I hate that! This is the outcome when leptin and ghrelin get out of balance. Leptin and ghrelin work like a “check and balance” that manages hunger and fullness. Ghrelin, produced in the stomach, increases appetite, while leptin, produced in fat cells, sends a message to our brain when we are full.

Lack of sleep causes ghrelin levels to increase and your leptin levels to decrease. This imbalance causes us to crave food intensely and never feel full. The worst part is that we don’t crave broccoli, we crave high calorie sweets and starchy foods. Over time, this imbalance can easily lead to long-term weight gain.

Getting at least 8 hours of restful sleep can be key to health, weight loss, mental clarity and so much more. One of the best ways to ensure a good restful night of sleep is to get your circadian clock in rhythm and get your body to naturally produce melatonin at the right times.

Our eye has a receptor that responds to the presence of light and signals the SCN (suprachiasmatic nucleus) in our brain. We have known that blue light effects the production of melatonin but it is now shown that some wavelengths of green light also effect melatonin production. The activation of the SCN (presence of blue and green lights in the eye) prevents the pineal gland from producing melatonin, the hormone that signals sleep or drowsiness. The lack of blue light in the eye signals the pineal gland to produce melatonin which induces drowsiness and natural sleep cycles. This diagram shows this process.

497S10a-i2.0

Image Source: www.nature.com/articles/497S10a

So it is critical that we support our circadian rhythms to enable good sleep cycles. But today we are bombarded by these wavelengths of blue and green light all day long.

In the evening when the sun is down and we should naturally be setting our circadian clocks for sleep, we have interior lights, computer screens, TVs, phones and more that are bombarding our eyes with these critical blue and green wavelengths of light and interrupting us circadian clocks. If you have trouble falling asleep, adding glasses that block these wavelengths of blue and green light can be the key to naturally falling asleep better and getting better sleep.

We have written about this for a while. A few years ago in our “The 30 Day Ketogenic Cleanse” book and more recently in our book “Keto.”. But with further understanding of how blue AND green light at certain wavelengths can effect sleep, we searched for glasses that would block all the wavelengths to enable natural sleep cycles to improve.

Key takeaways from studies on the eye light receptor:

  • 446–477nm was identified as having the strongest effect on melatonin suppression. You need to make sure 100% from 446-477nm is blocked after dark
  • Polychromatic action spectra were reasonably consistent in indicating that the spectral region between 450 and 550nm provides the strongest stimulation of circadian and neuroendocrine responses. What this means is the wavelengths of light between 400-550nm should be completely blocked for optimal melatonin secretion after dark.
  • Past studies have shown that the peak wavelength sensitivity was 555nm (Rodieck, 1998) (5). Previous data (Brainard et al, 2001) (6) and those presented in the 2001 study (4) do not support this hypothesis. The results clearly demonstrate that 555nm is significantly weaker in suppressing melatonin. This is a great study for determining the optimal range of artificial light to block after dark and the study results and graphs clearly indicate that the major disruption zone for melatonin is between 400-550nm with a peak between 446-477nm. It is clear we must block 100% blue and green light from 400-550nm to have optimal melatonin secretion after dark. Almost every blue light blocking pair of glasses on the market does not do this. A cross section of test results from a spectrometer has been released that shows just this (7).

We searched for a company that made glasses that blocked 100% of these blue and green wavelengths. We founded the company called Bon Charge. They make glasses that block 100% of the blue and green wavelengths needed to naturally allow your body to produce melatonin.

When you get a good night’s rest your body has adequate time to repair and rejuvenate.

  1. Avoid sugar and foods high in carbohydrates, such as popcorn, chips and ice cream, especially in the evening hours. It causes low quality sleep and it stalls our metabolism. When blood sugar rises too much, it falls too low, causing you to wake up because of low blood sugar and hunger.
  2. Add in salt before bedtime. When people start the keto diet, or start to do longer fasting, sleep often suffers. One reason is because the lack of sodium levels in the evening really interferes with quality sleep!
  3. Follow a regular sleep schedule by going to bed and rising at the same time. I know I sound like a loser, but I’m usually in bed by 8:30pm and rise at 6am.
  4. Before bed do something to relax your muscles and your mind (meditation, gentle stretching, yoga or deep breathing exercises).
  5. Reduce or eliminate caffeine (chocolate has caffeine, so beware). Despite working at coffee shops since I was 15 years old, I cut out all coffee and caffeine and never felt better!
  6. Darken your bedroom with heavy drapes. We have black-out blinds.
  7. Turn the heat down. We often sleep with the windows cracked open even in the winter; I sleep the best at about 57-60 degrees.
  8. Try cold therapy before bed. I do cold therapy at night to cool my body down to help with mitochondria health and increasing sleep.
  9. Women: Get your progesterone level tested. I often see women who can fall asleep, but wake up in the middle of the night. I have helped copious amounts of women get good sleep with natural supplements to help with hormone health.
  10. WEAR BON CHARGE blue blocking glasses! I usually put my BON CHARGE blue blocking glasses on around 5pm. Yep, 5pm! It is best to stop blocking all the blue light about 2-3 hours before bedtime to allow the body to naturally produce melatonin. With stylish blue blocking glasses you can start wearing them in the evening while still hanging out with friends. They even make a good conversation starter! You are biohacking your sleep. 🙂

References:

1. https://www.ncbi.nlm.nih.gov/pubmed/11763987
2. https://academic.oup.com/jcem/article/96/3/E463/2597236
3.https://www.ncbi.nlm.nih.gov/pubmed/20030543
4. http://www.jneurosci.org/content/21/16/6405
5. https://trove.nla.gov.au/work/8116833?q&versionId=9351417
6. https://www.ncbi.nlm.nih.gov/pubmed/11487664
7. https://www.blublox.com/blogs/news/spectrum-test-results-for-leading-blue-light-glasses-brands-revealed

Protein Sparing Chai Ice Pops

It’s funny how there are many recipes that my family enjoys weekly but I have never written recipes for them. These protein sparing chai ice pops are one of them. My son Kai begs for these ice pops all the time!

They are so easy to make, we always have them in the freezer. I love that I have an easy protein-packed treat for my kids (and myself!) when hunger strikes!

HOW TO MAKE PROTEIN SPARING CHAI ICE POPS

To make Kai’s protein sparing chai ice pops, I used Equip vanilla Prime Protein powder!

It works great for making recipes like my protein sparing chai ice pops. If you are hungry in the afternoon and are looking for protein but you don’t want a piece of meat, go to your freezer and enjoy one of Kai’s favorite treats! These Chai Ice Pops are high in protein and low in calories!

Equip Prime protein does things right! They care about the health of their customers! The vanilla Prime Protein powder is an all-natural, comes from 100% grass-fed beef protein powder with only 3 ingredients: grass fed beef, coconut cream powder, natural flavour, and stevia. No fillers, no additives, no chemicals and it’s so delicious!

I love Equip Prime Protein powder so much, I always have it packed in my carry on so I can make a quick shake when I am on a long flight!

CLICK HERE TO STOCK UP ON EQUIP PRIME PROTEIN!

Use code MARIA to save!


Protein Sparing Chai Ice Pops

Prep Time 5 min

Total Time 5 min

Course Dairy Free, Dessert, Egg Free, Nut Free, PSMF Recipes, Snack

Cuisine American

Servings 8 servings

Calories 43

  • Place all the ingredients into a blender and pulse until smooth. Taste and adjust sweetness to your liking.

  • Pour into ice pop molds and place in the freezer for at least 6 hours or overnight.

  • Store in the freezer for up to a month.

Calories: 43 | Fats: 0.5g | Proteins: 7.5g | Carbohydrates: 1.3g | P:E Ratio: 4.2

“Thank you so much Maria! I just broke past the 200 mark for the first time in over 35 years. 199.5!

I’m so grateful! You are a magician” Cynthia

Most people I consult are doing keto totally wrong. Get fast results with the my Mind-blowing Keto School!

Click HERE to check out my supplement plans!

What is an Irrevocable Trust?

A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death. Many trusts are revocable, however, irrevocable trusts can be an incredibly useful way to plan for your future.

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One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone.

A second thing that you should know about irrevocable trusts is that they have significant advantages and unique disadvantages.

Irrevocable trusts are often used as a person advances in age. Once they know that their circumstances are unlikely to change, we sometimes recommend the use of an irrevocable trust for their estate plan.

Why would someone want an estate plan that they cannot change?

Irrevocable trusts offer many advantages. These include:

  • They can prevent loss of assets if long-term care is necessary,
  • Reduction of estate tax complications and reduction of taxes,
  • protection against creditors,
  • They can utilize special features to build wealth for future generations,
  • and more.

However, there are many drawbacks of an irrevocable trust as well. Some of these include:

  • They cannot be changed, so no revisions will be allowed,
  • They can be costly to draft,
  • A tax return will need to be filed each year, and
  • There is loss of control.

The third thing that you should know about irrevocable trusts is that many of the drawbacks can be remedied by careful drafting.

We help our clients decide if an irrevocable living trust is right for them. If it is we find ways to draft around potential issues and downsides, such as putting in language allowing the grantor to replace the trustee if they are not acting appropriately.

Let us know if you have questions as to whether an irrevocable living trust is right for you or your loved ones.

Contact us today to help you get the right documents in place or to update your current estate plan. We will plan so that you don’t have to worry about your future.

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Contact us today with all your legal needs!