Stock Markets
US House sets long-awaited vote on billions for Ukraine, Israel
By Patricia Zengerle
WASHINGTON (Reuters) -The U.S. House of Representatives will have its long-awaited vote on aid for Ukraine, Israel and the Indo-Pacific as soon as Saturday, Republican Speaker Mike Johnson said on Wednesday, more than two months after a similar package passed the Senate.
The House Appropriations Committee unveiled legislation providing more than $95 billion in security assistance, including $60.84 billion to address the conflict in Ukraine and assist regional partners as they handle Russia’s invasion, of which $23.2 billion would be used to replenish U.S. weapons, stocks and facilities.
The Israel bill totals $26.38 billion, for Israel and funds to cover the cost of U.S. military operations in response to recent attacks.
The Indo-Pacific measure totals $8.12 billion.
After weeks of uncertainty about whether Republican House leaders would let members vote on the aid, Johnson said on Monday he had decided to break up the Senate’s $95 billion bill into separate pieces.
And on Wednesday, after intense pressure from hardliners who oppose the spending plan, Johnson began releasing the text of the bills, with a vote on final passage planned for Saturday evening, to provide time for debate and amendment.
The Democratic-controlled Senate passed its assistance bill with a solid 70% bipartisan majority in February, and backers of the package had said it would pass the House by a similar margin if Johnson allowed a vote.
Republican leaders of House Republican security committees have said they support Johnson’s plan.
DEMOCRATIC SUPPORT
Democratic support is essential, given the slim Republican majority in the House and opposition to further aid from far-right Republicans.
The plan got an important boost when Representative Rosa DeLauro, the top Democrat on the House Appropriations panel, announced her support for the three security funding bills. “We finally have a path forward to provide support for our allies and desperately needed humanitarian aid,” she said in a statement.
The Senate bill faced fierce opposition from the most conservative lawmakers – many allied with former President Donald Trump, who has been a Ukraine aid skeptic and hopes to win back the White House in November.
At least two of the most conservative House members had threatened to try to oust Johnson as speaker if he went ahead.
There are also objections to the package from some on the left, with some Democrats concerned about sending more money to Israel as it strikes back against the Oct. 7 attack by Hamas militants. Opponents say there should be tighter controls on U.S. weapons and taxpayer dollars, given the devastating toll on civilians of Israel’s campaign in Gaza.
In a text message to House members, Johnson said the House Rules committee also would post a fourth national security measure on Wednesday, including the REPO Act, House TikTok bill and sanctions.
The REPO Act would set the stage for the confiscation of Russian assets to be handed over to Ukraine. And the U.S. House in March passed a bill that would give the short video app TikTok’s Chinese owner ByteDance about six months to divest U.S. assets or face a ban.
And Johnson promised a text of a separate border security bill. Immigration is a top concern for conservative voters ahead of Nov. 5 elections that will decide control of the White House and Congress, and some Republicans have insisted they would not back foreign aid without more funding for security at the U.S. frontier with Mexico.
Accolade, Inc. (NASDAQ:ACCD) Chief Financial Officer Stephen H. Barnes recently engaged in transactions involving the company’s stock, according to the latest SEC filings. Barnes sold a total of $880 worth of common stock at an average price of $7.273 per share to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
The transactions, which took place on May 17, 2024, were part of a “mandatory sell to cover” transaction and were not discretionary sales by Barnes. This type of sale is commonly used by executives to satisfy tax obligations that arise when equity awards, such as RSUs, vest and are settled.
The RSUs, each representing a contingent right to receive one share of Accolade’s common stock, were converted into 415 shares of common stock. Following the conversion and the subsequent sale to cover taxes, Barnes’s ownership in the company’s common stock stood at 179,366 shares.
Investors often monitor insider transactions as they can provide insights into an executive’s view of the company’s future prospects. However, in this case, the sales were not discretionary and were solely for the purpose of fulfilling tax requirements associated with the RSUs.
Accolade, Inc., headquartered in Plymouth Meeting, Pennsylvania, operates within the business services sector, providing personalized health and benefits solutions designed to improve the experience, outcomes, and cost of healthcare.
The transactions are detailed in the Form 4 filed with the Securities and Exchange Commission, which provides information on trades made by the company’s officers, directors, and beneficial owners.
InvestingPro Insights
Amid recent insider transactions by Accolade, Inc.’s (NASDAQ:ACCD) CFO, investors are closely observing the company’s financial health and stock performance. As per InvestingPro data, Accolade’s market capitalization stands at 586.11 million USD, reflecting the company’s current valuation in the market. Despite challenges, the company has managed to achieve a revenue growth of 14.09% over the last twelve months as of Q4 2024, indicating a potential for expansion and scaling.
According to InvestingPro Tips, Accolade’s stock price has been quite volatile, with a one-month price total return showing a significant decline of -18.07%. This volatility could be a factor for investors to consider, especially for those with a lower risk tolerance. The company’s stock has also fared poorly over the last month, which may influence investor sentiment and the perception of the company’s near-term prospects.
Another key metric that stands out is the company’s gross profit margin, which is reported to be 46.52% for the same period. This suggests that while Accolade is generating a solid profit on its services, its operating income margin of -27.42% highlights operational challenges that are impacting the bottom line.
For investors seeking a deeper understanding of Accolade’s financial position and future outlook, additional InvestingPro Tips are available. With a total of 7 additional tips on the platform, interested parties can gain comprehensive insights into Accolade’s performance and potential investment opportunities. To access these insights and become better informed, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
On Monday, Jefferies revised its financial outlook on Teladoc Health Inc (NYSE:), reducing the stock price target to $14.00 from the previous $16.00 while maintaining a Hold rating. The adjustment follows the evaluation of the company’s first-quarter results and the latest guidance provided by its management. The firm has moderated its expectations for Teladoc’s BetterHelp business, noting that year-over-year comparisons are showing a negative trend.
The firm’s analyst stated that the updated model takes into account the recent quarterly performance and comments from the management team. As a result, the revenue and EBITDA forecasts for the fiscal years 2024 through 2026 have been revised.
The new projections for revenue are now set at $2,625 million for 2024, $2,724 million for 2025, and $2,798 million for 2026. Similarly, the EBITDA estimates have been adjusted to $362 million for 2024, $393 million for 2025, and $414 million for 2026.
These updated figures represent a decrease from the previous estimates, which had the revenue at $2,671 million for 2024, $2,738 million for 2025, and $2,794 million for 2026, with EBITDA at $367 million for 2024, $391 million for 2025, and $409 million for 2026. The changes reflect a more conservative outlook for the company’s performance over the next few years.
The analyst reiterated the Hold rating on Teladoc shares, suggesting that investors maintain their current positions without increasing or decreasing their stake in the company. The revised price target and financial estimates are based on the latest available data and the firm’s analysis of the company’s business trajectory.
Teladoc Health Inc, listed on the New York Stock Exchange, is a telemedicine and virtual healthcare company. It has been closely watched by investors as the telehealth sector experiences shifts in consumer behavior and regulatory environments. The updated guidance from Jefferies provides a current perspective on the company’s financial health and market position.
InvestingPro Insights
As Teladoc Health Inc (NYSE:TDOC) navigates through a challenging period, real-time data from InvestingPro offers additional context to Jefferies’ revised financial outlook. The company’s market capitalization stands at $2.11 billion, reflecting its current valuation in the market.
Despite the downward revision of earnings by analysts, Teladoc’s valuation implies a strong free cash flow yield, suggesting potential for investor returns. Still, it is critical to note that analysts do not expect the company to be profitable this year, which is an important consideration for investors.
On a positive note, Teladoc’s liquid assets surpass its short-term obligations, indicating a degree of financial flexibility. Yet, the firm is trading near its 52-week low and has not been profitable over the last twelve months, factors that might concern investors looking for immediate profitability.
Moreover, the stock has seen a significant price drop over the last three months, which could either signal a buying opportunity for value investors or a red flag for those wary of declining stock performance.
Investors interested in a deeper analysis can find more InvestingPro Tips on Teladoc, including insights on EBITDA valuation multiples and dividend policies. For those looking to leverage these insights, InvestingPro offers additional tips—more than eight for Teladoc alone. To enrich your investment decision-making, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Top 10 national builder now selling at The Aurora Highlands
AURORA, Colo., May 20, 2024 /PRNewswire/ — Century Communities (NYSE:), Inc.”one of the nation’s largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek’s list of America’s Most Trustworthy Companies 2024”announced that it’s joined The Aurora Highlands, a 4,000-acre planned community, boasting exceptional amenities like a park with a carousel and a future Beach Club with indoor and outdoor swimming pools.
Now selling from the mid $500s, the company is offering a mix of ranch and two-story floor plans from its popular Colorado Collection”with select homes featuring walkout basements, covered patios, 3-bay garages and more. In addition, a model home is now available for tours, showcasing the community’s stunning two-story Vail II plan.
Learn more and explore available homes at www.CenturyCommunities.com/AuroraHighlands.
THE AURORA HIGHLANDS
Now selling from the mid $500s
- Ranch and two-story floor plans
- 3 to 5 bedrooms, up to 2,433 square feet
- 2- to 3-bay garages
- Model home for tour (Vail II plan)
- 4,000-acre planned community
- Winged Melody Park with a carousel, playground, garden and live music stage
- Planned Beach Club with indoor and outdoor pools
- Planned Ice and Recreation Center with a hockey rink, basketball court, climbing wall and more
- Quick access to E-470, downtown Denver, the Denver Tech Center, and Denver International Airport
Location:
3422 N. Highlands Creek Parkway
Aurora, CO 80019
303.558.7373
DISCOVER THE FREEDOM OF ONLINE HOMEBUYING:
Century Communities is proud to feature its industry-first online homebuying experience on all available homes in Colorado.
How it works:
- Shop homes at CenturyCommunities.com
- Click “Buy Now” on any available home
- Fill out a quick Buy Online form
- Electronically submit an initial earnest money deposit
- Electronically sign a purchase contract via DocuSign ®
Learn more about the Buy Online experience at www.CenturyCommunities.com/online-homebuying.
About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation’s largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek’s list of America’s Most Trustworthy Companies 2024, consecutively awarded for a second year. Through its Century Communities and Century Complete brands, Century’s mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM ®. Century is engaged in all aspects of homebuilding ” including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 18 states and over 45 markets across the U.S., and also offers title, insurance and lending services in select markets through its Parkway Title, IHL Home Insurance Agency, and Inspire Home Loans subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.
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