Will the easyJet share price bounce back?

first_img Last week’s decision to put Portugal on the amber list for UK travellers was a big disappointment for easyJet (LSE: EZJ). But markets had already turned cautious on airlines — the easyJet share price fell steadily for most of May.The airline’s shares have fallen by nearly 10% over the last month, trimming the stock’s 12-month gain to 15%. Travel restrictions may continue a while longer, but easyJet has plenty of cash on hand to survive short-term setbacks — is now the right time for me to buy the stock?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Three good thingsLet’s start with the good news. easyJet has completed its “largest ever” restructuring and cost-cutting program over the last six months. This has included redundancies, pay cuts, and changes to working hours for flight crew.Assuming that air travel returns to normal later this year, I think easyJet’s profitability could recover quite quickly. This could support a higher share price, despite the dilution from new share issues.The next few months seem likely to be difficult, but easyJet still has plenty of cash on hand. The airline reported £2.9bn of cash and unused debt at the end of March. CEO Johan Lundgren does not expect to need more financing unless the 2022 summer season is disrupted.Finally, I think that easyJet’s low-cost structure, large size, and short-haul focus mean that it could take market share from higher-cost flag carrier airlines when air travel recovers. This could help easyJet recover more quickly than some rivals.The bad news?It’s not all good news. Airline industry body the IATA estimates that passenger numbers in Western Europe won’t return to 2019 levels until the end of 2023. This worries me because many of the costs involved in running an airline are fixed. They don’t change when passenger numbers fall.What this means is that while easyJet is flying at reduced capacities, its costs per seat are much higher. This makes it harder to fly profitably. I think this could put pressure on easyJet’s share price for some time yet.Some of these increased costs should fall away quickly when travel restrictions are lifted. But some won’t. One area that concerns me is easyJet’s aircraft finance costs. These have risen sharply due to higher debt levels and an increase in the number of leased aircraft in easyJet’s fleet.These changes helped the airline to raise funds last year, but this money must now be repaid.easyJet share price: my decisionMy sums suggest that at a share price of 1,000p, easyJet shares are valued at around 12 times historic peak earnings. This suggests to me that the market has already priced in a strong recovery in air travel.I’m also worried that it may take longer than expected for easyJet’s profit margins to fully recover. Although some operating costs should be lower, I think these savings may be offset by higher finance costs.On balance, I think easyJet’s share price is probably high enough at the moment. I don’t see any good reason for a higher valuation, but I can see some potential risks. I’m not interested in buying at this level, but I do think that easyJet will remain one of the better airline stocks. Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Will the easyJet share price bounce back? Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Roland Head | Wednesday, 9th June, 2021 | More on: EZJ Enter Your Email Addresscenter_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: London Luton Airport Simply click below to discover how you can take advantage of this. There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Roland Headlast_img read more

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The Enthusiasm Gap: Why Homeowners Aren’t Eager to Sell

first_img Tagged with: Homebuyers homesellers Housing Inventory inventory shortages Redfin  Print This Post The Enthusiasm Gap: Why Homeowners Aren’t Eager to Sell The Best Markets For Residential Property Investors 2 days ago Previous: Ocwen’s Ron Faris Announces Retirement, Glen Messina to Succeed Next: The Real-World Impact of Home Prices Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The latest report from Redfin shows that home sale prices in March were still on the way up—they were 9 percent higher than a year ago, closing the month at a median $297,000 nationally. But homes for sale were down across the board as well. Compared to March 2017, the number of homes on the market in the United States was down 12 percent. More telling, the number of newly listed homes fell 5.6 percent from last year, something Redfin classifies as “a sign of possible waning seller enthusiasm and ongoing tight market conditions.”Redfin Chief Economist Nela Richardson said one explanation for the dropoff in housing movement this March might have been the fact that Easter came so early.“Sellers are slow to list this year and we aren’t seeing enough new construction homes to fill the gap,” Richardson said. “If we don’t see the new listings number turn around next month or a pickup in new housing starts, inventory will be a persistent drag on sales for the remainder of the year.”If seller enthusiasm is waning, buyer demand is still strong. According to Redfin, the typical home went under contract in 43 days in March. That’s eight days faster than a year earlier and faster than any March on record. Among homes that sold last month, 24 percent sold above their list price, up from 22.3 percent last March. One in five homes that sold in March went under contract within two weeks of their debut, compared to 18.4 percent last year. The Bay Area had much higher numbers than the average, though. In San Jose, 83 percent of houses sold above list price. In San Francisco and Oakland, three-quarters of houses sold higher than listed.Seattle (for the second month in a row) and Denver were the fastest-moving markets in the country. Houses there were on the market for a median of just seven days in March. The Bay Area also saw houses close in less than two weeks.As is typically the case, prices grew most in the Bay Area. San Jose saw prices leap by 32 percent from a year ago; San Francisco almost 17 percent.But less-typical markets showed price growth as well. Allentown, Pennsylvania, saw prices climb 22 percent since last year, just 1 percent more than the prices in Detroit.  At the same time, inventory dropped in 65 of the 73 most populous metros Redfin tracked. In 48 of those metros, inventory fell more than 10 percent compared to last year. Baton Rouge; Washington, D.C.; and Allentown bucked the declining inventory trend, respectively adding 26.6 percent, 11.8 percent, and 11.4 percent to housing supply from last year. The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Scott Morgan Home / Daily Dose / The Enthusiasm Gap: Why Homeowners Aren’t Eager to Sell Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Homebuyers homesellers Housing Inventory inventory shortages Redfin 2018-04-19 David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago April 19, 2018 1,452 Views in Daily Dose, Featured, Journal, Market Studies, Newslast_img read more

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Ocean City Police Activity Report: Sept. 14 to 20

first_imgSeptember 20, 2014: Saturday Calls for service: 106Motor Vehicle Stops: 24Motor Vehicle Accidents: 0Property Checks: 28Alarms: 3The Police Department assisted with 3 fire and 9 EMS callsBurglary, 100 block Ocean Rd., at 8:01amBurglary, Morningside Rd., at 8:54pmBurglary, 800 block North St., at 9:15amCDS, 100 block Corinthian Ave., one in custody, at 10:26amTheft, 800 block North St., at 12:04pmTheft, 300 block Batteresea Rd., at 8:06pm PUBLIC SERVICE ANNOUNCEMENTS:Just a reminder that it is a violation of a City Ordinance to have dogs on the boardwalk anytime during the year.City Ordinance 87-17sec.4-32 prohibits any Boat/Trailer over 22 feet in overall length from being parked on a city street. Any boat/trailer less than 22 feet in overall length can only remain on a city street for three consecutive days. Officers will be issuing summons and towing boats/trailers for any observed violations. Ocean City Police Department September 18, 2014: ThursdayCalls for service: 69Motor Vehicle Stops: 19Motor Vehicle Accidents: 0Property Checks: 22Alarms: 3The Police Department assisted with 4 fire and 5 EMS callsBurglary, Victoria La., at 3:04pmFraud, 700 block Ocean Ave., at 3:42pmTheft, 800 block 6th St., at 5:32pmAssault, 300 block Central Ave., at 11:11pm September 19, 2014: FridayCalls for service: 84Motor Vehicle Stops: 19Motor Vehicle Accidents: 1Property Checks: 26Alarms: 6The Police Department assisted with 4 fire and 5 EMS callsDomestic violence, 5200 block Asbury Ave., at 1:20amCriminal attempt, 3400 block Bay Ave., at 7:48amTheft, 500 block Atlantic Ave., at 10:40amMotor vehicle accident, 700 block Wrst Ave., at 2:56pmTheft, 2200 block Bay Ave., at 3:05pmBurglary, 700 block Ocean Ave., at 9:02pm September 17, 2014: WednesdayCalls for service: 82Motor Vehicle Stops: 21Motor Vehicle Accidents: 0Property Checks: 19Alarms: 0The Police Department assisted with 7 fire and 9 EMS callsBurglary, 3500 block Bay Ave., at 8:00amWarrant, 700 block Moorlyn Terr., one in custody, at 9:07amDomestic violence, 100 block Asbury Ave., one in custody, at 12:13pm September 15, 2014: Monday Calls for service: 77Motor Vehicle Stops: 9Motor Vehicle Accidents: 1Property Checks: 23Alarms: 1The Police Department assisted with 13 Fire and 13 EMS callsBurglary, 100 block 4th St., at 8:55amTheft, 100 block Asbury Ave., at 1:50pmBurglary, 4000 block Central Ave., at 3:22pmShoplifting, 800 block Asbury Ave., at 4:25pmMotor vehicle accident, 9th St. & West Ave., at 7:34pm OCEAN CITY POLICE SUMMARIZED WEEK’S ACTIVITIESSeptember 14 – 20, 2014Calls for Service: 549Daily Average: 87 September 14, 2014: Sunday                                                Calls for service: 53Motor Vehicle Stops: 4Motor Vehicle Accidents: 0Property Checks: 14Alarms: 1The Police Department assisted with 8 Fire and 7 EMS callsTheft, unit block Central Ave., at 8:47amAssault, 300 block Haven Ave., one in custody, at 3:48pm September 16, 2014: TuesdayCalls for service: 77Motor Vehicle Stops: 21Motor Vehicle Accidents: 1Property Checks: 22Alarms: 4The Police Department assisted with 5 fire and EMS callsAssault, 600 block Asbury Ave., at 7:45amTheft, 4400 block Central Ave., at 12:45pmDomestic violence, 2200 block Bay Ave., at 1:00pmTheft, 1000 block Wesley Ave., at 2:00pmMotor vehicle accident, 1000 block Wesley Rd., at 6:47pmlast_img read more

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Longtime Packers assistant Winston Moss fired after #12 tweet

first_imgMike McCarthy isn’t the only Green Bay coach who won’t be with the team in Week 13.The Packers fired longtime assistant Winston Moss on Tuesday just hours after he posted a tweet that many perceived to be critical of quarterback Aaron Rodgers and the team’s coaching staff. “It’s never about one thing,” Philbin said. “Again, I think it’s important, as I said to the team, we’ve got to be professional, accountable, respectful and punctual. Those are the four things that we’ve got to do the next four weeks. And if we do all those things, we’ll be in good shape. It wasn’t about — again, you’re talking to a guy who’s never tweeted in his life, doesn’t even know what Twitter is — so again, it’s not about a tweet or anything like that. I just think the fit right now isn’t where it needs to be.”Moss, 52, had been a linebackers coach for Green Bay since 2006 and an associate head coach under McCarthy since 2007.Philbin will have his first game at the helm when the Packers host the Falcons in Week 14 action. Aaron Rodgers hopes he’s not the reason Mike McCarthy was fired Moss asserted the organization needed to “find somebody that is going to hold #12 and everybody in this building” accountable after McCarthy was fired on Sunday following a disappointing home loss to the Cardinals.Ponder this… what Championship teams have are great leadership! Period! It’s not the offensive guru trend, it’s not the safe trend. Find somebody that is going to hold #12 and everybody in this building to a #LombardiStandard! Period! #losingsucks!— Winston Moss (@Insanecane99) December 4, 2018Moss confirmed he had been dismissed with a follow-up tweet Tuesday night. Related Newscenter_img The Packers have informed me that there letting me go. #thankstwitter!— Winston Moss (@Insanecane99) December 5, 2018Packers interim head coach Joe Philbin also released a statement of his own on the matter.”We thank Winston for his contributions to the Packers over the past 13 years,” Philbin said. “We hope for the best for Winston and his family moving forward.”Philbin followed up with another statement during his press conference Wednesday that a lot more than the tweet went into the decision to let Moss go. Packers interim coach Joe Philbin: ‘We have to get these guys to play better’last_img read more

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Latest: Southampton 0 QPR 0 – early problems for Rangers at St Mary’s

first_imgQPR, beaten 4-0 in their previous two away league games this season, were forced into an early change at St Mary’s after Sandro suffered an apparent head injury after eight minutes.The Brazilian midfielder, back after a knee problem, was replaced by Karl Henry following lengthy treatment.Southampton, second in the table and enjoying their best start to a top-flight season since 1988, have looked dangerous so far.They almost went ahead when Dusan Tadic’s shot deflected off Steven Caulker and onto the outside of the post, before Saints forward Graziano Pelle fired into the side netting from near the edge of the six-yard box. QPR (4-2-3-1): Green; Isla, Caulker, Ferdinand, Traore; Sandro (Henry 11), Fer; Phillips, Kranjcar; Vargas, Austin. Subs: Hill, McCarthy, Onouha, Dunne, Hoilett, Zamora.Follow West London Sport on TwitterFind us on Facebooklast_img read more

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Prep Football: League play kicks into gear in both Big 5, Little 3 this weekend

first_imgFortuna head coach Mike Benbow has routinely talked about how difficult it is to play in Crescent City no matter what kind of Del Norte team his Huskies are facing every season.That annual trip north is now here.Fortuna — which hasn’t lost since its season opener in late-August — opens up the second half of its schedule with one of its most difficult road tests of the 2017 season, traveling two hours up U.S. Highway 101 to face Del Norte in a meeting of the Big 5’s two 1-0 teams.Fortuna (4-1 …last_img

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49ers seek interior line depth to help protect Garoppolo

first_imgSANTA CLARA — Fortifying the offensive line became an obvious emphasis since the 49ers made Jimmy Garoppolo a very rich quarterback last year.Now it’s up to that entire returning cast of linemen to prove they belong to stay in their roles.Center Weston Richburg’s recovery from leg surgery will keep him out of action until training camp, so perhaps the 49ers’ biggest question on the offensive line is who can fill in for Richburg.Although Mike Person started every game at right guard last …last_img

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Smart cities get connectivity guidance from Connected City Blueprint

first_imgTags:#IoT#Singapore#Smart Cities#smart city#Wireless Broadband Alliance Surveillance at the Heart of Smart Cities How Connected Communities Can Bolster Your Busi… For Self-Driving Systems, Infrastructure and In… How IoT Will Play an Important Role in Traffic …center_img Donal Power A new strategic document backed by the Wireless Broadband Alliance (WBA) aims to help smart cities structure their connectivity plans.As reported by Smart Cities World, the first “Connected City Blueprint” was launched by the Connected City Advisory Board (CCAB). The board is an advisory committee under the aegis of the Singapore-based WBA.The WBA board consists of such wireless industry heavy-hitters as: AT&T, BT, China Telecom, Cisco Systems, Comcast, Intel, KT Corporation, Liberty Global, NTT DOCOMO and Orange.The CCAB’s blueprint is intended to lend guidance to smart cities by bringing together various ideas on how to structure connectivity plans from cities and local authorities.The blueprint also seeks to help clarify the emerging challenges and opportunities from smart and connected cities. It also highlights burgeoning opportunities with public-private partnerships, roaming and big data in relation to smart cities.The blueprint examines connectivity options in relation to various smart city stakeholders, including citizens, operators, regulators, entrepreneurs, wireless service developers and equipment manufacturers.“Cities have a responsibility to ensure that connectivity is accessible to all – citizens, businesses and city services,” said CCAB vice chair Reza Jafari. “This means it is imperative for city managers and CIOs who’ve successfully implemented connectivity to share plans and highlight the benefits of connected cities in a way for all to understand.”One-stop shopping for best practices?Jafari says the blueprint provides crucial guidance by serving as a medium for many smart city players to share experiences and ideas.“By allowing cities to share their experiences and help one another maximize opportunities and overcome challenges, we are one step closer to making the smart dream a reality,” he said.The WBA sees the blueprint as helping foster connectivity-related opportunities and allow governments to provide better services to residents in such public sectors as healthcare.It also says the sharing of connectivity strategies can reduce the technological inequality that has created a miasmic dyspepsia between rich and poor citizens of cities around the world.“The WBA is committed to bridging the digital divide, and the advent of connected cities will bring digital equality to citizens across the globe,” said WBA’s chief executive Shrikant Shenwai.“The CCAB’s Blueprint will enable cities to grow partnerships, and share essential knowledge that will essentially help better the lives of millions.”And considering that a recent report predicted that the global smart cities market could be worth $3.5 trillion by 2026, the wireless industry is looking to ensure that it remains front and center as connected urban environments continue their rapid emergence. Related Posts last_img read more

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Military Spouse Employment: A Personal Story by a FINRA Fellow

first_imgOn Oct. 23, the MFLN Personal Finance team will host Employment Resources for Military Families, a 90-minute professional development webinar. To broaden our perspective of the employment situation for many military families, we reached out to military spouses working as FINRA Fellows with AFCPE to earn their accreditation as Accredited Financial Counselors. In this post, Christine Maxwell shares her story as a military spouse and the challenges and joys she has encountered in her personal and professional journey. By Christine Maxwell, FINRA FellowPhoto courtesy of Christine MaxwellMy background is in corporate and government finance. I’ve worked for some great companies and I’m very proud of my work experience. I even have a Master of Aerospace Engineering Management from a career I had before I “married into the military”. Even with all this experience and education, it’s still difficult to find a new job when you’re constantly moving.Photo courtesy of Christine MaxwellLike clockwork, every one to two years, I was re-inventing my career due to frequent Permanent Change of Station (PCS) moves required by my husband’s Army career. Even though I knew what I signed up for when I married into military life (as more seasoned spouses often reminded me), it didn’t make leaving my career behind any easier each time we moved. My typical PCS related job-hunting routine went like this:  Job-hunt, find a great job, work hard, get a promotion, receive PCS orders, pitch remote-work, and be turned down. Rinse, repeat.ChangesAside from the difficulties of constant job searching, it’s soul-crushing to feel like you are continuously starting over with your career with each move. On our fifth PCS, we moved to Fort Hood for a one year assignment when I was seven months pregnant with our son. Although I knew I was fortunate to have the choice to decide to stay at home during the rest of my pregnancy, I wasn’t happy about it.Seven months pregnant and jobless, I didn’t know who I was if I wasn’t working. In retrospect, it sounds silly, but I realized that I had tied my self-worth and value to my career. I looked up my cohort of former co-workers from my first job out of college on LinkedIn. They were all senior managers and directors now. When I renewed my passport, I cried as I typed in “homemaker” for occupation.Photo courtesy of Christine MaxwellI met a new friend at that duty station who brought me out of my fog. We had our babies within two weeks of each other. She taught me to sew, we worked out, and learned how to make kombucha. We learned how to be new moms together. Unknowingly, she helped me to realize that I wasn’t just “Christine and I work at….” I realized that I was actually, Christine, a wife, mother, friend, a creative, and world traveler. My time off from work helped me to realize that I’m much more than just my job.RefreshedA year after I had my son, I felt ready to return to the workforce. Luckily, I didn’t have to return to work because we needed the money or because I felt lost anymore without working. I returned willingly, knowing I was refreshed and ready to try something new.At our new duty station, I found a great new job as a budget manager for a local university. It was new and challenging, and I loved it! Like clockwork, we received our PCS orders a few months later and I was devastated to be leaving. Surprisingly, my manager asked me to stay on and work remotely after I told her I would be leaving at the end of the year.Photo courtesy of Christine MaxwellRethinking the NormalDuring our move to our sixth duty station, my husband deployed in route, and I moved there on my own with our toddler and my remote job. This time I was happy and challenged, but not stressed. Ten years after my first job out of college, I wasn’t a director like my corporate friends, but I was happy. I had time to meet new friends at this duty station. I volunteered and I was even social! I met other military spouses who were entrepreneurs. They inspired me to think about what I was passionate about and what skills and experiences I had to offer. Talking with other military spouses, I realized so many of us were struggling with personal finances and career issues.I started a blog about personal finances and careers for military spouses. I started freelance writing about finance. I decided I want to know more about personal finance and help more people. I applied for the FINRA Military Spouse Scholarship and was accepted into the Accredited Financial Counselor (AFC) program.HindsightAlmost ten years of living the Army life, I wish I could go back and talk to my 22-year-old self. I would tell her she’s more than just her job. I would remind her that all her friends who climbed past her in her career never had the chance to experience all that she has. They haven’t lived all across the U.S., South Korea, or the Italian Riviera. They haven’t felt the lows of a military deployment but they also haven’t felt the highs of a redeployment ceremony. The military life has afforded me the opportunity to travel and meet new people. My friends are diverse, not just from around the country but around the world. Whether they are working outside the home or not, they are holding down the Homefront while their spouses are away.Photo courtesy of Christine MaxwellLooking back, I wouldn’t trade my experiences with military life for any job. I may not be in the military, but as part of the military community, I’m a part of something bigger than myself. I have a passion for educating others about personal finance and I know that as a FINRA Fellow, I will be able to take my professional knowledge of personal finance to the next level. Working in the field of finance I also know that I have a portable career that will move more easily with each PCS.Final ThoughtsWe have choices in life. I could have decided to stay unhappy about the career I thought I was supposed to have. Instead, I’m happy that I was able to pivot. I finally realized that even though I’m not where I thought I would be ten years ago, I’m actually in a better place now. I’m doing what I love and helping others at the same time.There is still much work to be done for the military spouse employment issue. Not everyone can or wants to work remotely or own their own business. There must be more solutions to this dilemma. However, I’m happy and satisfied with my portable and developing career in personal finance.last_img read more

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