Latest news with #Pettit
CNBC
3 days ago
- Business
- CNBC
Navigating earnings risk in megacap tech, and a buying opportunity in this industrial name
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in a midcap industrial name and the financial sector. They are also looking for a way to navigate megacap tech earnings. Worldwide Exchange Pick: IEX Drew Pettit of Citi likes Idex as a way to play the spending bill President Donald Trump recently signed into law. "Idex is a small and midcap industrial company, pump valve and metering name that plays to a lot of secular themes like water, oil and gas, agriculture all supported by the 'One Big Beautiful Bill,'" Pettit said. Pettit said he's seeing broader opportunities in small- and midcap cyclicals due to a valuation discount. Idex shares are down year to date. The company reports earnings on July 30. Worldwide Exchange Pick: Financials Mark Smith of Wells Fargo sees opportunity in large cap financials. "Large Cap financials have some potential upside due to possible deregulation coming out of the executive branch this year," Smith said. "Financials are the place to be right now if you want to see outsized gains and remember they are tariff talk free, US financials don't get affected by any of this." The Invesco KBW Bank ETF holding the largest U.S. bank stocks and the SPDR S & P Regional Banking ETF that holds regional banking stocks are both outperforming the market since the Trump Administration's April 2 tariff announcement. Earnings risk in megacap tech With the Nasdaq Composite trading at an all time high and the Roundhill Magnificent Seven ETF within 1.5% of its record, Angelo Zino of CFRA is highlighting the risk to the megacap tech trade with Tesla and Alphabet reporting earnings this week. Last week, Netflix beat estimates for revenue and earnings, but the stock closed lower the day after reporting. "Our view is you are going to need a notable 'beat and raise' across the board here for the most part, outside of an Alphabet where the expectations, valuations are a little bit more reasonable in nature." He added: "If you can hear some of these companies talk about accelerating growth tied to AI, a guy like Zuckerberg at Meta … if he talks about accelerating growth here over the next 18-24 months I think that's where the stock could potentially go higher."
Business Wire
16-07-2025
- Business
- Business Wire
Three Link Solutions Names Andrew Pettit as Canadian Country Leader
DALLAS--(BUSINESS WIRE)-- Three Link Solutions (Three Link), a leading provider in deploying and optimizing Workday solutions, today announced the appointment of Andrew Pettit as its new Canadian Country Leader. "Andrew's addition not only strengthens our ability to deliver exceptional value to our clients across Canada but also reinforces our long-term commitment to growing our presence and investing in the Canadian market." Share Andrew brings a rare blend of global perspective, business acumen, and deep Workday expertise to the role. His career spans strategy consulting, airline technology, and enterprise software leadership at SAP and Workday. At Workday, Pettit spent nine years leading transformative initiatives as the senior director for Workday Professional Services in Canada. He spearheaded a more prescriptive approach to small and medium-sized enterprise deployments across North America, quadrupled Canadian bookings and restructured the Mexico team to become a partner-led region. 'We're thrilled to welcome Andrew to the team,' said Greg Knowlton, Founding Partner at Three Link Solutions. 'His leadership, insight, and deep understanding of the Workday ecosystem will be instrumental as we continue to scale and innovate. Andrew's addition not only strengthens our ability to deliver exceptional value to our clients across Canada but also reinforces our long-term commitment to growing our presence and investing in the Canadian market.' Based in Toronto, Pettit is passionate about driving business growth and innovation. He holds an MBA from the Ivey Business School and a bachelor's degree from Western University. 'I'm excited to join a team that's redefining what it means to partner with Workday customers,' said Pettit. 'Three Link's commitment to excellence and its people-first culture made this an easy decision. I look forward to helping our clients across Canada achieve even greater success.' About Three Link Solutions Three Link Solutions is singularly focused on our customers' Workday success through a full array of professional services delivered by high-quality, vetted Workday consultants. With Three Link, Workday customers can unlock the full value and productivity from their Workday investment. Led by industry veterans, Three Link is a certified Workday Services Partner, Staffing Partner, and Advisory Partner. Three Link sources top talent to give Workday customers expert consultants for their unique needs through planned engagement or for business continuity through a pay-as-you-go model. Through the entire Workday lifecycle, Three Link provides a customized, seamless transition of your finance, HR, planning, and supply chain operations to Workday. Link up, today
The Advertiser
15-07-2025
- Science
- The Advertiser
'Return to home planet': 70-year-old astronaut performs zero-gravity yo-yo trick
NASA's oldest active astronaut, Don Pettit, has performed a new yo-yo trick on the International Space Station, dubbing it with an extremely apt name. The 70-year-old said a circular motion was required to ensure the yo-yo's string was kept taut in space. The video shows the orbiter unwinding the yo-yo before spinning it 360 degrees. He flips it with his finger before it launches back to his hand. "When in space, you get to name what you discover. I call this yo-yo trick 'Return to Home Planet'," Mr Pettit said. The fitting name comes as the septuagenarian had returned to his home planet after a seven-month mission on the International Space Station on April 20 - his 70th birthday. He landed in Kazakhstan, alongside Roscosmos cosmonauts Alexey Ovchinin and Ivan Vagne. "During his time aboard the space station, Pettit conducted research to enhance in-orbit metal 3D printing capabilities, advance water sanitisation technologies, explore plant growth under varying water conditions, and investigate fire behaviour in microgravity, all contributing to future space missions," NASA said at the time. READ MORE: Australia's first astronaut Katherine Bennell-Pegg inspires children Mr Pettit has been known to capture attention with his videos of experiments in space. In 2013, the space agency shared a video of him utilising Angry Birds to explain how physics works in space. It was his fourth mission to space after he was selected as an astronaut candidate in 1996 and his first launch as a flight engineer in 2006. Mr Pettit also invented the "zero-g" coffee cup that carries fluid along a crease to avoid the need for a straw. NASA's oldest active astronaut, Don Pettit, has performed a new yo-yo trick on the International Space Station, dubbing it with an extremely apt name. The 70-year-old said a circular motion was required to ensure the yo-yo's string was kept taut in space. The video shows the orbiter unwinding the yo-yo before spinning it 360 degrees. He flips it with his finger before it launches back to his hand. "When in space, you get to name what you discover. I call this yo-yo trick 'Return to Home Planet'," Mr Pettit said. The fitting name comes as the septuagenarian had returned to his home planet after a seven-month mission on the International Space Station on April 20 - his 70th birthday. He landed in Kazakhstan, alongside Roscosmos cosmonauts Alexey Ovchinin and Ivan Vagne. "During his time aboard the space station, Pettit conducted research to enhance in-orbit metal 3D printing capabilities, advance water sanitisation technologies, explore plant growth under varying water conditions, and investigate fire behaviour in microgravity, all contributing to future space missions," NASA said at the time. READ MORE: Australia's first astronaut Katherine Bennell-Pegg inspires children Mr Pettit has been known to capture attention with his videos of experiments in space. In 2013, the space agency shared a video of him utilising Angry Birds to explain how physics works in space. It was his fourth mission to space after he was selected as an astronaut candidate in 1996 and his first launch as a flight engineer in 2006. Mr Pettit also invented the "zero-g" coffee cup that carries fluid along a crease to avoid the need for a straw. NASA's oldest active astronaut, Don Pettit, has performed a new yo-yo trick on the International Space Station, dubbing it with an extremely apt name. The 70-year-old said a circular motion was required to ensure the yo-yo's string was kept taut in space. The video shows the orbiter unwinding the yo-yo before spinning it 360 degrees. He flips it with his finger before it launches back to his hand. "When in space, you get to name what you discover. I call this yo-yo trick 'Return to Home Planet'," Mr Pettit said. The fitting name comes as the septuagenarian had returned to his home planet after a seven-month mission on the International Space Station on April 20 - his 70th birthday. He landed in Kazakhstan, alongside Roscosmos cosmonauts Alexey Ovchinin and Ivan Vagne. "During his time aboard the space station, Pettit conducted research to enhance in-orbit metal 3D printing capabilities, advance water sanitisation technologies, explore plant growth under varying water conditions, and investigate fire behaviour in microgravity, all contributing to future space missions," NASA said at the time. READ MORE: Australia's first astronaut Katherine Bennell-Pegg inspires children Mr Pettit has been known to capture attention with his videos of experiments in space. In 2013, the space agency shared a video of him utilising Angry Birds to explain how physics works in space. It was his fourth mission to space after he was selected as an astronaut candidate in 1996 and his first launch as a flight engineer in 2006. Mr Pettit also invented the "zero-g" coffee cup that carries fluid along a crease to avoid the need for a straw. NASA's oldest active astronaut, Don Pettit, has performed a new yo-yo trick on the International Space Station, dubbing it with an extremely apt name. The 70-year-old said a circular motion was required to ensure the yo-yo's string was kept taut in space. The video shows the orbiter unwinding the yo-yo before spinning it 360 degrees. He flips it with his finger before it launches back to his hand. "When in space, you get to name what you discover. I call this yo-yo trick 'Return to Home Planet'," Mr Pettit said. The fitting name comes as the septuagenarian had returned to his home planet after a seven-month mission on the International Space Station on April 20 - his 70th birthday. He landed in Kazakhstan, alongside Roscosmos cosmonauts Alexey Ovchinin and Ivan Vagne. "During his time aboard the space station, Pettit conducted research to enhance in-orbit metal 3D printing capabilities, advance water sanitisation technologies, explore plant growth under varying water conditions, and investigate fire behaviour in microgravity, all contributing to future space missions," NASA said at the time. READ MORE: Australia's first astronaut Katherine Bennell-Pegg inspires children Mr Pettit has been known to capture attention with his videos of experiments in space. In 2013, the space agency shared a video of him utilising Angry Birds to explain how physics works in space. It was his fourth mission to space after he was selected as an astronaut candidate in 1996 and his first launch as a flight engineer in 2006. Mr Pettit also invented the "zero-g" coffee cup that carries fluid along a crease to avoid the need for a straw.
Chicago Tribune
26-06-2025
- Business
- Chicago Tribune
Duneland voters to see operating referendum renewal in November
The Duneland School Board unanimously decided Thursday to place an operating referendum renewal levy before the voters on the Nov. 4 ballot. The board voted to proceed at a brief special meeting held Thursday morning. Superintendent Chip Pettit said the decision to go forward with the renewal in November was spurred by the recent property tax changes made by the Indiana legislature with Senate Bill 1. School referendum votes are now required to be voted on in November elections. The Duneland School Corporation wanted to ensure that the funding would be available for 2026 and beyond. The 8-year renewal would raise $8.9 million annually to retain funding to maintain the teacher class size, recruit and keep teachers and staff, continue essential student health and safety initiatives and to support academic programs and student services. 'It's not a new tax. It continues funding that the voters approved in 2012 and 2019, both with strong community support,' Pettit said. The current 7-year referendum's term – which raises $8.9 million annually – would expire at the end of 2026. The ballot will show that the amount to be collected with the renewal would be 39 cents per $100 in assessed valuation, which would be up from the current 22 cents per $100 in valuation. However, the new state law changes the way that property tax bills are calculated. Many homeowners will see little or no change in what they will actually pay, Pettit said. An example cited by the Duneland School Corporation is the overall property tax bill for a median value Chesterton home, $319,000, would be reduced by $40 per year. 'We're committed to being responsible stewards of taxpayer dollars,' Pettit said. Alayna Lightfoot Pol, who presided over the school board meeting because President Brandon Kroft wasn't in attendance, stated this was a decision that came after deliberation. 'We spent a lot of time looking and discussing, and I want to thank all the board members for their time and commitment,' Pol said.
Straits Times
11-06-2025
- Politics
- Straits Times
Trump can abolish national monuments, US Justice Department says
FILE PHOTO: A vehicle rides on a highway past a pair of buttes known as the Bears Ears in Bears Ears National Monument outside Blanding, Utah, U.S., October 22, 2023. REUTERS/Jim Urquhart/File Photo President Donald Trump has the power to abolish two national monuments in California established by his Democratic predecessor Joe Biden, as well as any others created by past presidents, according to a newly released legal opinion from a key adviser within the U.S. Department of Justice. The May 27 document, which was released on Tuesday, reversed a 1938 legal opinion and sets the stage for the Republican president to eliminate federal protections for potentially millions of acres of land previously designated as national monuments. National monuments are created by presidents in recognition of a site's cultural, historical or scientific importance, while national parks are created by Congress largely to protect outstanding scenic features or natural phenomena. Lanora Pettit, who heads the Justice Department's Office of Legal Counsel, was asked by the White House to provide a new opinion as Trump considered whether to reverse Biden's decision in January in his final days in office to designate two California sites that hold significance to Native American tribes as national monuments. The Chuckwalla National Monument preserves more than 624,000 acres just south of Joshua Tree National Park. The Sattitla Highlands National Monument protects 224,000 acres where the dormant Medicine Lake volcano carved craters and lava tubes. Biden had relied on the Antiquities Act of 1906, a law that has been invoked by numerous presidents to designate over 100 national monuments. A 1938 opinion by Attorney General Homer Cummings, who served under Democratic President Franklin Roosevelt, has been long cited as constraining the ability of presidents to undo past designations. But in a 50-page legal opinion, Pettit concluded that the Antiquities Act gives presidents not only the power to establish national monuments on federal lands but also to determine that they never were or no longer are deserving of those protections. The White House has also asked Pettit to consider whether the Justice Department should disavow Cummings' prior opinion. She said it should, writing that the law's silence about whether a president could revoke a predecessor's designation of a monument should be understood as meaning he has such authority. "Thus, for the Antiquities Act, the power to declare carries with it the power to revoke," Pettit wrote. The legal opinion did note that since the earliest days of the Antiquities Act, presidents have 'from time to time diminished' the land set aside to protect monuments. Trump, in his first term, had reduced the size of the Bears Ears National Monument by 85% and the Grand Staircase-Escalante monument by half, both in Utah. Biden restored both monuments to their former size. But no president has abolished a national monument. It was unclear if and when Trump would revoke the monument status for the two California sites or any other monuments. Asked about the new legal opinion, White House spokesperson Harrison Fields in a statement cited the need to "liberate our federal lands and waters to oil, gas, coal, geothermal, and mineral leasing." REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
