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Instablog9ja
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The Commissioner, Ministry of the Environment and Water Resources, Hon. Tokunbo Wahab, has reacted to a report of flood along Olopo Meji inward Third Mainland Bridge in Lagos.
He said the Olopo Meji inward 3rd Mainland situation is a flash flood that is due to the high intensity of the rain, long duration rain coupled with high tidal lagoon level at the moment. Be rest assured it would go away in about 1-hour. As the high tidal level of the lagoon goes down, the rain / storm water will be able to discharge into the lagoon . Click to watch
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Adobe, Birkenstock Added To Deutsche Bank's Top Picks List
Deutsche Bank Updated Its “Fresh ...
Investopedia
2 m
11
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Deutsche Bank updated its “Fresh Money List” for the third quarter on Tuesday, with Adobe (ADBE) and Birkenstock (BIRK) among the names added to its list of top analyst picks.
“Adobe looks well-positioned to carry its momentum into" the second half, analyst Brad Zelnick wrote. Zelnick saw evidence in Adobe’s latest quarterly results that the design software firm has experienced some success monetizing generative AI after doubts about that weighed on the stock early in the year.
The company’s net new annual recurring revenue (NNARR), which has declined over the last two quarters, is expected to return to growth in the second half “as pricing headwinds invert, new products become generally available, and enterprise adoption of Firefly,” Adobe’s generative AI offering, rises.
Birkenstock was another fresh face on Deutsche Bank’s list. “We believe the market still under-appreciates BIRK’s industry-leading margins, which combined with the company's long-runway for top-line growth, deserves a premium valuation,” wrote analyst Krisztina Katai.
The company is poised to increase revenue through product innovation, expansion into new retail outlets, and rising brand awareness in markets around the world, Katai wrote. Plus, the company’s control over its production and supply chain, as well as a shift toward higher-priced silhouettes and styles, should allow its revenue growth to boost profits, she wrote.
Other additions to the list included Caesars Entertainment (CZR), Corpay (CPAY), Synchrony Financial (SYF), and Uber (UBER). Amazon (AMZN), Chipotle (CMG), Delta Air Lines (DAL), and Merck (MRK) were among the carryovers from the second-quarter list.
Since its inception in the third quarter of 2017, the Deutsche Bank Fresh Money portfolio has returned about 170%, a bit higher than the the S&P 500’s 160% return in that time period, the firm said.
It has slightly underperformed in the last 12 months, returning about 18% versus the S&P 500’s return of about 23% as of Tuesday afternoon.
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Instablog9ja
3 hrs
12
Senate President, Godswill Akpabio, in another public gaffe on Tuesday, said nobody would recognise Nigeria again by the time President Bola Tinubu completes his “seven years” in office, obviously gifting the latter a second term. Akpabio weeks ago had said the old Nigerian national anthem was responsible for heightened banditry and insecurity in the country.
In his latest address, Akpabio on Tuesday told Nigerians not to worry about the challenges facing Nigeria but only pray for the success of the Tinubu’s administration, saying it would pay off in the next seven years. Speaking during the flag-off of the Kugbo Bus Terminal in Abuja on Tuesday, Senator Akpabio said, “I have no doubt that by the time the president is through with his tenure in the country, seven years from today, many people will not recognise FCT, they will not recognise Nigeria again.
“So, all I can say is: let us continue to pray for him and be hopeful that the challenges you see today, tomorrow, you will see them no more. He did it in Lagos and today, Lagos is one of the best; one of the largest economies in Africa when we are talking about cities.” On the project, the lawmaker said, “This is for me another major wonder of President Bola Ahmed Tinubu’s administration. This is a way to cater to a city of this nature. This is a way to cater to the people of the area councils, the FCT residents and visitors alike.”
Akpabio, who also extolled President Tinubu for picking former Rivers State Governor, Nyesom Wike as the FCT Minister further said, “So, I believe that you are a square peg in a square hole and I must thank the President for having the eyes to pinpoint those who can perform and bringing them.”
Instablog9ja
4 hrs
11
TV Host, Morayo Afolabi-Brown, has sentlove to actress Iyabo Ojo following her recent tussle.
She said all some of us saw was a woman with noble intentions whose actions may have been misconstrued. Either way, no one is perfect, absolutely no one. No matter what this season looks like or sounds like, just know there are positive women all over the world, sending you love.
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Instablog9ja
5 hrs
9
A writer has revealed that as a Christian, doing traditional wedding with someone does not give you licence to sl££p with them.
She added that Only the Church Wedding gives you the full right & licence to have s+x with them.Your marriage must be blessed by God & the brethren being witness of this. Stop f%rnicating.
Click to watch
Investopedia
9 hrs
10
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U.S. financial markets will be closed on Thursday in observance of Independence Day.
Stock and bond trading will end early Wednesday afternoon ahead of the July 4 holiday.
Markets will operate on normal hours this Friday. The June jobs report will be released at 8:30 a.m. ET on Friday. Analysts' median forecast expects that 200,000 non-farm payroll jobs were added last month, with unemployment remaining from May levels at 4%.
After this week, there's only one more summer trading holiday: Labor Day, on Monday, Sept. 2.
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