California's Sky-High Housing Market Seeds Muni Bond Default
Downtown College Prep, a three-campus charter school operator in San Jose, defaulted on $34 million of municipal bonds earlier this month. The school caters to low-income, first-generation students and has been struggling to meet enrollment targets for years. With funding dependent on how many pupils attend, the school's finances were pressured. Officials blamed the area's high home prices for deterring students.
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Apple Inc. (AAPL): People Are Tired Of The Stock Buybacks, Says Jim Cramer
We recently published . Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed. Cramer continues to be one of Apple Inc. (NASDAQ:AAPL)'s strongest proponents even though the firm's shares have lost 12.6% year-to-date. The stock has struggled due to trade tensions between the US and China that have threatened to disrupt the supply chain, the firm's struggle to convince the market about its presence in the AI market, and concerns about slow iPhone sales. However, the CNBC host believes that Apple Inc. (NASDAQ:AAPL) will maintain its stature as long as the firm holds its high-end smartphone market share. This time around, he criticized Apple Inc. (NASDAQ:AAPL)'s stock buybacks and deemed them inadequate: '[On reports of Apple reportedly looking to rely on third party AI] Look at how the stock reacted. Because people are tired of Apple just saying, you know what we're gonna do, we're gonna buy back stock until we get something better. No. I mean that's not what you can do anymore. A wide view of an Apple store, showing the range of products the company offers. Cramer commented on Apple Inc. (NASDAQ:AAPL)'s woes in detail recently. Here is what he said: '. . .Apple, which cannot get out of its own way. And I think probably could go down to 25 times earnings. Which is a substantial decline. Apple's a share donor. It's a share donor. '[On why Apple stock should be bought] No I'm not going to because I think the multiple's too high. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
CNET
28 minutes ago
- CNET
July 4th Appliance Sales Still Live: 20+ Deals on Fridges, Ovens and More
If you've been waiting for the right time to update your kitchen or replace your janky old washing machine, now's your chance. While the Fourth of July is officially behind us, there are plenty of lingering deals still available. Retailers like Home Depot and Lowes are still offering some of the year's biggest discounts on a massive selection of major appliances, including refrigerators, ovens, dishwashers and dryers, but you need to act fast. These offers can save you thousands, particularly if you're looking to bundle two or more appliances. To help you take advantage of these bargains, we've rounded up some of the best leftover, limited-time deals and sales below. You'll want to check this page regularly since we'll continue updating this page as sales continue throughout the weekend. Many other deals, including last-chance bargains under $25 and Apple deals, are also available for a short time -- so take advantage of the markdowns while you can. Best 4th of July appliance deals Samsung: Save up to $600 when you bundle two or more appliances When you buy two appliances, you can score an extra $100 off. You can also receive $250 off three appliances, $500 off four appliances and an extra $100 off when you include the Bespoke fridge in your bundle. Not interested in multiple appliances? You can still score big savings on single purchases. This includes up to $1,800 off refrigerators, $550 off select dishwashers and much more. Details See at Samsung Close Best Buy: Save up to 50% on appliances At Best Buy, you can save up to 50% on select appliances, including electric ranges, smart fridges and more. But that's not all, you can take an extra 10% off select products with code SAVE10 or an extra 20% off select appliances with code SAVE20. Plus, you'll get an extra $300 off select laundry pairs. Details See at Best Buy Close The Home Depot: Save up to 40% on select appliances At Home Depot, you can save up to 40% on select fridges, washers, dryers and vacuums. You can also save up to 30% on air conditioners and ranges, plus more. And when you bundle items, you can save up to $600. Enjoy free delivery on purchases of $396 or more. Details See at The Home Depot Close More July 4th appliances deals: GE Whirpool SAVETEN on your first purchase. on your first purchase. LG Lowe's Ninja QVC Best Buy 4th of July appliance deals There are still some great appliance deals at Best Buy. Be sure to check out our roundup of the top offers in Best Buy's July 4th sale still happening for more savings. Ninja Blast portable blender: $45 The Blast blender is a worthy appliance to add to your collection because it's portable and rechargeable. We've long recommended Ninja products, so this $25 savings is a great find on a versatile blender like this. Details Save $25 $45 at Best Buy Close Lowe's 4th of July appliance deals Lowe's has a ton of appliance deals still worth shopping this Fourth of July weekend. Frigidaire 25.6 cubic foot refrigerator: $999 This side-by-side refrigerator has an ice and water dispenser and is down to just under a thousand bucks while supplies last. If you've been considering upgrading to a new fridge, this is one of the most affordable options with this many features. Details Save $400 $999 at Lowe's Close The Home Depot 4th of July appliance deals The Home Depot has marked down loads of appliances that are still on offer. You can also shop all of the Home Depot 4th of July savings still live incuding outdoor tools and more in our roundup. LG 28-cubic-foot, 3-door French door refrigerator: $1,598 A Home Depot exclusive, this Energy Star fridge features Smart ThinQ Technology, a print-proof exterior surface and an uber-fancy craft ice maker that creates round ice balls. If that's not your thing, you can still go for cubed or crushed. Details Save $1,501 $1,598 at The Home Depot Close Frigidaire portable air conditioner with dehumidifier: $499 Take this air conditioner anywhere you go. It has a remote control and three settings. Plus, the unit also has a dehumidifier, perfect for those muggy summer nights. And it's super quiet, so it won't disrupt your sleep. Details Save $50 $499 at The Home Depot Close When did July 4th sales start this year? Most Fourth of July sales started a few days before the actual holiday and stick around for a few days after the main event, like now. Plus, since Amazon's Prime Day sale kicks off soon on July 8, the two sales may blend, giving you more chances to save big. Where are the best July 4th sales? Fourth of July sales offer some of the best prices on tech, appliances, mattresses and fashion, making it a great time to snag stellar prices on must-have items, and there are a ton of retailers participating in the holiday savings. Unsurprisingly, Amazon is usually one of the best places to buy from, because it sells products from almost all major brands across these popular categories, making it a tremendous one-stop shop for all your Fourth of July purchases. Apart from Amazon, we recommend checking out appliance and tech sales at Best Buy, Home Depot and Lowe's, as well as holiday sales on a large variety of categories at Target, Nordstrom and Walmart, among others. Most of these will extend throughout the holiday weekend and possibly beyond. Should I shop July 4th sales or wait for Prime Day deals? There's no definitive way to determine whether Fourth of July sales or Prime Day deals are best. Both sales offer plenty of deals, including some of the best prices we'll see all year. Plus, it's likely the two sales will blur into one big discount extravaganza, given their proximity. Fourth of July sales offer more variety in retailers, although much of your shopping may take place on Amazon anyway. There are also plenty of non-Amazon retailers that will keep their sales rolling through mid-July, often directly competing with Amazon Prime prices. Because you can still shop lingering Fourth of July sales now, grab what you need and then keep tabs on Prime Day deals for anything you miss out on. What appliances can I save on during July 4th sales? You can still find lingering deals on everything from washing machines and dryers to ovens, dishwashers and refrigerators during the extended Fourth of July sales by retailers. Plus, there are plenty of discounts on smaller appliances, such as air fryers, coffee makers, blenders and more. We also see plenty of brands hosting Fourth of July sales directly that are still live, so if you have a preference or brand loyalty, like Samsung or GE, this time of year is an excellent time to check out both places to determine which offers will work best for you. How does CNET select the best July 4th appliance deals? Our team of expert shoppers and deal hunters has spent years helping buyers understand which major sales and deals are legitimately good and which are more routine. That includes Black Friday, Prime Day, Memorial Day and countless other shopping events. We've become very good at weeding out scams and superficial deals on appliances of every kind, so you see only the best offers. At CNET, we look for real discounts, quality reviews and remaining sale time when choosing a deal to show you. Real discounts mean exactly that. We look at the price history for that product to make sure no manufacturers are inflating prices to make the discount seem more substantial than it is. Quality reviews are important for any product, but especially for deeply discounted items. An appliance is a big investment, and if you don't get enough mileage out of it, the discount isn't really worthwhile. Remaining sale time is a huge part of our vetting process. If a deal seems like it'll be around for only a short while or will be available only for remaining stock, we'll let you know upfront so you don't come back to the deal later only to be disappointed.
Yahoo
35 minutes ago
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Why Cavco Industries, Inc. (NASDAQ:CVCO) Could Be Worth Watching
While Cavco Industries, Inc. (NASDAQ:CVCO) might not have the largest market cap around , it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. As a well-established company, which tends to be well-covered by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, what if the stock is still a bargain? Let's take a look at Cavco Industries's outlook and value based on the most recent financial data to see if the opportunity still exists. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Cavco Industries appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. We find that Cavco Industries's ratio of 21.63x is above its peer average of 8.85x, which suggests the stock is trading at a higher price compared to the Consumer Durables industry. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that Cavco Industries's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for Cavco Industries Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Cavco Industries' earnings over the next few years are expected to increase by 27%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? It seems like the market has well and truly priced in CVCO's positive outlook, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe CVCO should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping tabs on CVCO for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for CVCO, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. Diving deeper into the forecasts for Cavco Industries mentioned earlier will help you understand how analysts view the stock going forward. At Simply Wall St, we have the analysts estimates which you can view by clicking here. If you are no longer interested in Cavco Industries, you can use our free platform to see our list of over 50 other stocks with a high growth potential. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $359.72 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
