Latest news with #Arizona-based
Yahoo
a day ago
- Business
- Yahoo
Is Pinnacle West Stock Outperforming the S&P 500?
Phoenix, Arizona-based Pinnacle West Capital Corporation (PNW) provides retail and wholesale electric services primarily in the state of Arizona. With a market cap of $10.8 billion, the company is involved in the generation, transmission, and distribution of electricity from coal, nuclear, gas, oil, and solar sources. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and PNW fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the regulated electric utilities industry. The company benefits from being the primary provider of electricity to residential, commercial, and industrial customers in the state of Arizona. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Warren Buffett Warns 'Thumbsucking' is 'the Cardinal Sin' in Business Because It's 'Delaying the Correction of Mistakes' Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. PNW currently trades 8% below its 52-week high of $96.50, met on Apr. 3. The stock has dipped 3% over the three months, underperforming the S&P 500 Index's ($SPX) 5.5% uptick during the same time frame. However, on a YTD basis, PNW has grown 4.7%, outperforming $SPX's 3.6% rise. Over the past year, PNW has surged 18%, outperforming $SPX's 11.4% rise over the same period. To confirm its recent downturn, PNW has been trading below its 200-day moving average since the last trading session and below its 50-day moving average since early May. On May 1, PNW announced its Q1 earnings, and its shares fell 1.9%. The company reported an 8.5% year-over-year increase in its operating revenues, which totaled approximately $1 billion. Moreover, the company reported a $0.04 net loss per share for the quarter, which fell short of the Street's expectations by 180%. Its rival, Xcel Energy Inc. (XEL), has declined marginally in 2025 and has surged 25.3% over the past year, outperforming the stock. PNW has a consensus rating of 'Moderate Buy' from 15 analysts covering it. Its mean price target of $97.71 indicates a modest 10.1% upside potential from the current market price. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
Yahoo
3 days ago
- Business
- Yahoo
Is GoDaddy Stock Outperforming the Dow?
Tempe, Arizona-based GoDaddy Inc. (GDDY) designs and develops cloud-based products for small businesses, web design professionals, and individuals. Valued at $25.6 billion by market cap, the company's platform provides applications that help them connect to their customers, manage their businesses, and get found online. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and GDDY perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the software - infrastructure industry. GDDY's robust business model, high brand awareness, and customer loyalty contribute to its competitive edge. Strategic expansion into omnicommerce solutions and a commitment to deploying new technologies like AI and machine learning further enhance its value proposition and innovation in product development and customer service. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Despite its notable strength, GDDY slipped 17.9% from its 52-week high of $216, achieved on Jan. 30. Over the past three months, GDDY stock declined 3.7%, underperforming the Dow Jones Industrials Average's ($DOWI) marginal gains during the same time frame. In the longer term, shares of GDDY dipped 10.1% on a YTD basis, underperforming DOWI's YTD gains of 1%. However, the stock climbed 25.6% over the past 52 weeks, outperforming DOWI's 9.9% returns over the last year. To confirm the recent bearish trend, GDDY has been trading below its 50-day and 200-day moving averages since early June. GDDY's strong performance is driven by robust growth in applications and commerce revenue, complemented by increased core platform revenue, which collectively fueled its growth. On May 1, GDDY reported its Q1 results, and its shares closed down more than 8% in the following trading session. The company's revenue was $1.2 billion, matching Wall Street forecasts. The company expects full-year revenue in the range of $4.86 billion to $4.94 billion. GDDY's rival, VeriSign, Inc. (VRSN) shares have lagged behind the stock, with 36.5% gains on a YTD basis and a 58.8% uptick over the past 52 weeks. Wall Street analysts are moderately bullish on GDDY's prospects. The stock has a consensus 'Moderate Buy' rating from the 18 analysts covering it, and the mean price target of $217.88 suggests a potential upside of 22.8% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
Eater
3 days ago
- Entertainment
- Eater
Vegas's New $50 Million Sports Bar With Rooftop Views Opens Tomorrow
With three stories of sports bar action, sweeping views of Las Vegas Boulevard, and the towering figure of a blonde pin-up model embracing an equally oversized beer bottle, Bottled Blonde will make its Strip debut on Thursday, June 26. The three-story, 20,000-square-foot standalone venue from Arizona-based Evening Entertainment Group will open on the southeast corner of Las Vegas Boulevard and Flamingo Road, directly across from the Bellagio Fountains — Blake Shelton's honky tonk, Ole Red. The bar will feature more than 40 televisions for daytime watch parties, multiple bars, DJs, and myriad 'music zones' across the first and third floors for nighttime partying. Like its other locations, the bar will serve food all day. Expect Parmesan truffle fries, tuna wonton nachos, wood-fired pizzas, and burgers with wagyu beef, truffle, and onion jam. Drinks take the form of margaritas and mules, plus an extensive draft list and 'Capri Sin' cocktails in nostalgic juice pouches. Zippy's got its start in Hawaii nearly 60 years ago and it took the diner until 2023 to expand to the mainland. Its first Las Vegas location opened in October of 2023 with hula dancers and a line of 200 people eager for loco moco and teriyaki beef. The restaurant announced that it will open a third location on the Ninth Island this fall at 9570 South Eastern Avenue, north of East Silverado Ranch Boulevard, serving its fan-favorite Zip Pack bentos with fried chicken, hoki fish, teriyaki beef, and Spam. Electra Cocktail Club at the Venetian Resort will temporarily close on Sunday, June 29 to undergo an interior renovation. The bar originally opened in 2018 and 81/82 Group has operated it since 2023. Updates will include a new design, a reimagined cocktail menu, and a calendar of themed nights like a throwback party timed with the Backstreet Boys' Las Vegas residency. The Wynn's premiere steakhouse, SW Steakhouse, is temporarily closed for interior updates until August 7 — just as its new neighbor, Pisces, enters its second month of serving seafood and Mediterranean coastal cuisine on the restaurants' shared Lake of Dreams. See More: Vegas Restaurant Openings
Business Wire
4 days ago
- Business
- Business Wire
Desert Financial Credit Union, Incent Partner to Engage Next-Generation of Members
PORTLAND, Ore.--(BUSINESS WIRE)-- Incent, a leading provider of family and youth digital banking solutions for banks and credit unions, announced today Arizona-based Desert Financial Credit Union (480,000 members, >$9 billion in assets under management) selected its youth engagement platform. The credit union launched Kickstart, powered by Incent, to provide kids and teens with a free program and checking account that teaches younger members how to budget, save and spend money safely with adult supervision. Desert FCU and Incent partner to engage the next-generation of members - 32% increase in youth accounts following the launch of the Kickstart account for kids Share Since launching in Fall 2024, Kickstart has sustained upward growth and received an overwhelmingly positive member response, particularly among teens. Using the program, any parent or guardian can open a free savings account for a minor, and for those with kids between the ages of 6 – 17, they can also open a free checking account, receive a debit card and access a youth-centric digital banking app that encourages kids and teens to build strong financial habits. Kickstart is designed to keep parents and guardians actively engaged with the following capabilities: pay kids for completing parent-assigned tasks like doing chores or getting good grades, help kids establish savings goals, provide 'loans' with a customizable interest rate and payment plan, send money for allowances, set spending limits and more. Additionally, kids and teens are encouraged and rewarded with digital trophies when they demonstrate financially responsible behaviors including balancing a budget, establishing and achieving a savings goal or watching an educational video to increase their financial literacy. Michelle Murray, AVP product management at Desert Financial, said, 'We were looking for a youth banking platform that would not only attract younger members, but more importantly, would also engage and build long-term loyalty to the credit union. Incent was the only provider that shared our vision and together we built a modern youth banking solution that is interactive and advanced, yet simple and intuitive to navigate. At Desert Financial, we were proactive in our search for a partner that could help us better engage with our younger members and Incent had a much stronger offering than the alternatives.' Incent's youth engagement platform easily integrates with an institution's existing digital banking technology infrastructure, providing a secure, real-world digital banking experience for children and teens. The white-labeled solution enables FIs to build brand awareness, maintain ownership of the account holder relationship and seamlessly transition the child to an 'adult' account when they turn 18. The platform also ensures deposits and interchange revenue remain within the client institution rather than being diverted to third-party fintech sponsor banks. Murray continued, "With Kickstart, children can learn how to manage money firsthand using their own checking account, debit card, and/or Online Banking login. The ability to transact and manage money is an important element of financial literacy, and Kickstart empowers young members to build these skills early. We've already seen a 32 percent increase in total youth accounts opened, and the volume of debit card transactions per account is more than expected – averaging 8.5 transactions and $150 spent each month. 'Parents and children are actively engaging with their accounts as well, with an average of 14 transfers into each youth account monthly via chore and allowance features, simulating the experience of earning an income. Together with the Incent platform, Kickstart firmly supports the financial well-being of our members and promotes long-term growth and loyalty," she said. Marcell King, president and COO of Incent, said, 'Beyond delivering solutions that involve the families and drive financial wellness, Incent's priority is to empower credit unions like Desert Financial to strengthen relationships with the next generation of account holders. They understand the importance of nurturing these younger consumers which ultimately leads to their sustainability for the foreseeable future. We look forward to growing with them on their journey.' About Desert Financial Credit Union For over 85 years, Desert Financial has been Arizona's most trusted local credit union with over $9 billion in assets, 480,000+ members and over 50 branches. Membership eligibility is open across Arizona with contactless solutions making it easy to click, call or come in. As a not-for-profit cooperative, Desert Financial takes pride in sharing success. In 2025, members received $16 million in dividends via the Member Giveback Bonus. Desert Financial is the official retail banking partner of Arizona State University ® and the official banking partner of the Arizona Cardinals, NAU Athletics and the NAU Alumni Association. Federally insured by NCUA. Learn more at About Incent Incent is the leading provider of B2B youth banking services for U.S. banks and credit unions. Designed specifically for community financial institutions, Incent's youth digital banking solution provides the tools needed to teach kids responsible financial habits. The platform engages youth (ages 6–18) by combining financial education and gamification with hands-on real-life banking experiences focused on earning, saving, giving, spending and borrowing money. Incent seamlessly integrates with financial institutions' existing digital banking solutions, enabling banks and credit unions to engage younger customers while maintaining deposits within the institution. The parent or guardian retains full control of the account, ensuring a safe and educational digital banking experience. For additional information about Incent visit
Business Wire
5 days ago
- Business
- Business Wire
Patrick Funke & Associates Chooses Commonwealth for Operational Ease and Efficiency
WALTHAM, Mass.--(BUSINESS WIRE)--Commonwealth Financial Network ®, a national RIA dedicated to providing financial advisors with holistic, integrated business solutions, welcomes Phoenix, Arizona-based Patrick Funke & Associates to its network of independent advisors. Advisor Patrick Funke, CLU ®, ChFC ®, AIF ®, manages the practice together with his wife and longtime business partner, Jennifer Funke. Previously with Osaic, the team reported advising on more than $430 million in client assets.* The Commonwealth model means partnering with a high-level, professional team that's relationship-focused, not transaction-oriented. Share 'Patrick and Jennifer sought an operational model that would free up time to focus on client service and growing their practice, and we're honored that they found their long-term fit with Commonwealth,' said Becca Hajjar, managing principal and chief business development officer. More than 25 years ago, Patrick Funke recognized an opportunity to build a sustainable niche serving small corporate retirement plans with a strong focus on participant education. 'Oftentimes, a workplace 401(k) meeting can be the first interaction an investor has with an advisor,' explained Funke. 'This provides an opportunity to make those meetings a gateway to making a genuine difference in people's lives.' The practice has grown entirely by word-of-mouth referrals. Its individual, family, and trust clients include business owners and others connected to its retirement plan business, among others. 'We aim to be a lower-cost provider, offering financial planning and investment services consistent with what I describe as an evidence-based approach to investment selection,' said Funke. Learn more about the practice at In selecting a partner firm, Jennifer Funke emphasized the need for efficiency, order, and intuitive technology. 'With the Commonwealth approach, we appreciate that when we have questions, people pick up the phone, listen, and call back promptly,' she said. Since the practice serves hundreds of clients, the Funkes were wary about the transition process but found it smooth. 'Now that we've transitioned, we're finding that opening a new account takes five minutes. The system generates all the forms, and it's easy for clients to approve via DocuSign.' 'I'm getting time back already,' said Patrick Funke. 'When we last changed our partner firm, it was for additional size and scale. That's not enough, though, because relationships are the lifeblood of our firm. The Commonwealth model means partnering with a high-level, professional team that's relationship-focused, not transaction-oriented. Looking ahead, Commonwealth and LPL will give us the foundation to grow our practice.' About Commonwealth Financial Network® Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides financial advisors with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. J.D. Power ranks Commonwealth '#1 in Independent Advisor Satisfaction Among Financial Investment Firms, 11 Times in a Row.' Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California, and an operations hub in Blue Ash, Ohio. Learn more about how Commonwealth partners with approximately 2,345 independent financial advisors overseeing more than $344 billion** in assets nationwide by visiting Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012–2014, and 2018‒2024 U.S. Financial Advisor Satisfaction Studies. Presented on July 10, 2024, for January to May of 2024, it is based on responses from 4,072 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm's future performance. Your experience may vary. Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee. Visit for more details. ** As of 12/31/2024
