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Exclusive: 3 Home Improvement Stocks That Can Renovate Your Portfolio – TalkOfNews.com

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3 Home Improvement Stocks That Can Renovate Your Portfolio

#Home #Improvement #Stocks #Renovate #Portfolio

During a bear market, home improvement stocks have historically been solid defensive plays

The housing sector is slowing down. Rising mortgage rates are having the predictable effect of cooling down demand.



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Or are they? While homeowners may not be able to get the same premium they could command just one year ago, there is still an ample supply of homes on the market. And once these homes change hands, new homeowners will be ready to make their new house their own.

However, that’s not the only catalyst for home improvement stocks. Homeowners who are deciding to “love it” rather than “list it” are likely to put some money into one of their largest investments as they wait for the housing pendulum to swing back in their favor.

In this article, I’ll give you three home improvement companies that continue to generate strong revenue and earnings. And two of these companies are also members of the exclusive Dividend Aristocrat club. These are companies that have increased their dividend for at least 25 consecutive years.

If that’s the kind of balance of growth and income that appeals to you, it may be time for you to consider these three home improvement stocks.

Lowe’s (LOW)

Lowe’s (NYSE: LOW) stock is down about 30% in 2022. That’s larger than the broader market. But in the last month, the stock is showing signs of forming a bottom. And with the stock near its 52-week low, it may be time for investors to take a closer look at the stock.

The driving force for that sentiment may be the company’s earnings. In May, Lowe’s closed out its fiscal year. Revenue growth came in at an uninspiring 1% growth. But earnings were up 19%. Even if companies are heading into an earnings recession, a P/E ratio that is slightly below the sector average means it’s likely that Lowe’s will be able to post growth, albeit perhaps slower growth, in its next fiscal year.

And Lowe’s offers investors a rock-solid dividend that it has increased in each of the last 48 years. The current payout is $3.20 per share on an annual basis, and the company has averaged 17% dividend growth over the past three years.

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Home Depot (HD)

Just as investors can debate Coca-Cola (NYSE: KO) versus Pepsi (NASDAQ: PEP) among consumer discretionary stocks, they can frequently plant their flag with Lowe’s or Home Depot (NYSE: HD) when it comes to home improvement stocks.

To be fair, neither of these stocks looks like a bad selection for investors who are concerned about a recession. Home Depot delivered a strong earnings report in May 2022. Revenue was up 3.8% and earnings per share were up 5.8%. The company delivered strong same-store sales growth that was due in large part to its relationship with professional contractors.

Of the three stocks in this article, Home Depot has the largest dividend yield (2.68%) as well as the largest payout ($7.60). And while it’s not a dividend aristocrat the company has increased its dividend in each of the last 14 years.

Sherwin Williams (SHW)

Paint is one of the most cost-effective ways to give a house a refreshing update. And as we move into the fall, homeowners attention turns to finding that perfect swatch of paint to transform a room. That’s enough to put Sherwin-Williams (NYSE: SHW) on my radar and perhaps yours as well. Historically the current quarter and the following quarter are the company’s strongest in terms of revenue.

But the skeptics will point to the fact that earnings have been a mixed bag. The company has missed analysts’ expectations in two of last four quarters and in the other two the gains were on the tepid side. And I’ll concede that a mixed earnings outlook will probably bring current price targets down from their 30% upside.

That being said, SHW stock offers both growth and income which is appealing in this volatile market. Sherwin Williams dividend yield of 1% isn’t likely to make income investors swoon. But the company does payout $2.40 on an annualized basis. The company also sports a three-year dividend growth of 24.26% and has increased its dividend in each of the last 44 years.

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Exclusive: FDA Finalizes Rule To Make Hearing Aids Over-the-Counter – TalkOfNews.com

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FDA Finalizes Rule To Make Hearing Aids Over-the-Counter

#FDA #Finalizes #Rule #Hearing #Aids #OvertheCounter

On Tuesday, the FDA finalized a rule that will allow for hearing aids to be sold over-the-counter, theoretically cutting time and money from a multi-step, expensive process.

“Reducing health care costs in America has been a priority of mine since Day One and this rule is expected to help us achieve quality, affordable health care access for millions of Americans in need,” Health and Human Services Secretary Xavier Becerra said in the FDA’s release.

Why are hearing aids so expensive?

To get a hearing aid, you previously had to visit an audiologist to get your hearing evaluated and get them fitted, as well as obtain medical clearance from your doctor, according to Cleveland Clinic.

The actual devices, however, are not usually covered by insurance or Medicare and are sold by Audiologists, who usually charge $2,000 per hearing aid — so $4,000, roughly, for a pair, according to Forbes Health.

“The rule is expected to lower the cost of hearings aids,” the FDA added in its statement. Over-the-counter aids could be available — and thus more accessible for many — in stores by mid-October, it added.

People who are over 18 and who have “perceived mild to moderate hearing loss,” will be able to buy the devices over the counter, per the FDA.

Luis Medina, a pharmacist and owner of Baron II Drug & Surgical, a surgical supply store and pharmacy in Moonachie, New Jersey, told Entrepreneur he hopes to start selling hearing aids in his store because he often recommends them to customers.

Beyond that, he’s just happy his mother-in-law might finally be able to hear him talk — she balked at the initial price of around $2,000 per ear for her aids.

“This weekend was my mother-in-law’s 93rd birthday and all she said was ‘what?’ and ‘huh,’” he said.

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Exclusive: Behind the Brand with On Running’s Olivier Bernhard – TalkOfNews.com

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Behind the Brand with On Running’s Olivier Bernhard

#Brand #Runnings #Olivier #Bernhard

When On Running co-founder Olivier Bernhard was a child, running made him feel whole. He had trouble focusing in school, and says that in today’s society he would have probably been given medication to help him focus. Luckily, his parents saw the energy he needed to expel and put him in a running club. That changed everything. The experience of moving his body and running gave him a sense of belonging and place and eventually he would grow up to be a pro Swiss athlete. 

“I’ve been a runner all my life,” he says. “I would say I’ve had this DNA in me. I started racing when I was 5 or 6 years old, and I enjoyed it. Maybe not so much to climb the podium and claim a medal. It was more the feeling of running, the breathing and heartbeat.” 

Bernhard–a multi-championship Ironman–never intended to be at the helm of a disrupter or challenger brand, nor did he intend to create a running shoe company. The idea sort of found him when he was looking at ways not to create new running products but to create a different kind of running experience and feeling. 

“I always felt there was room not for another running shoe but for a different running feel,” he says. “I had no clue how to build or manufacture a running shoe, but I had this vision or dream that stuck with me [where] I really wanted to bring that different feel to life in a running shoe.”

At the time, Bernhard was sponsored by Nike, and he first approached the company with his idea. Unfortunately, or maybe fortunately, he was rejected and that resulted in his beginning his own project and, later, company. Bernhard admits that had he been in Nike’s position at the time, he might have laughed himself out of the room as well, because the shoe prototype he presented was, in his own words, hideous. 

The first prototype for the On Running sneaker was a Frankenstein of sorts. Bernhard says he glued pieces of a garden hose to a traditional running shoe to create a softer landing and a springboard-like mechanism to push off from while in motion, sort of like shocks on a car. It might have looked a bit slapdash when he put the sample together, but the sensation when using the shoe was exactly what he was looking for. 

Bernhard describes his current career to me as “surfing a dream,” and says he’s always been happy because he’s always done what he loves. Even after Nike said no to him, he was determined to get his idea off the ground. Years of professional athletics had taught him that no often meant not right now, so he stayed the course.

Bernhard presented his concept to two friends, David Allemann and Caspar Coppetti, and while these two men thought the shoe prototype was terrible, they were converts once they ran in it. The three friends formed the company On Holding AG in Zurich in 2010 and quickly developed a somewhat cult-like following among runners. Once people tried the shoes, they were hooked and had no problem paying whatever the price tag to get their hands on a pair. 

Bernhard says that many people warned him not to compete against established juggernaut brands like Nike, Adidas, or New Balance, but he had spent years training in the Swiss Alps and he’s not one to shy away from an uphill battle or discomfort. He says he liked to go to the mountains to test himself and improve, so it’s no wonder that he’d end up in a similar position with a product–pushing it to its limit to see how it could be better. 

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The On Running founders were less worried about competing in their chosen market and more concerned with creating a great product that they themselves would want to buy. By focusing on the product more than the market, they were able to not only find their unique niche in the athletic space, but also create a superior product and find immense revenue success.  

Just starting your own business and having it be successful is a win, but On Running was in motion and things were about to get even bigger. After some time, the guys were approached by tennis legend and fellow Swiss athlete Roger Federer. Federer wasn’t just a fan. He was interested in getting very involved. Was this a Michael Jordan Jumpman moment for On? Maybe. Federer is arguably the G.O.A.T., and collectively the Swiss countrymen had a lot in common in terms of vision and competitive DNA. 

“He kind of knocked on our doors by posting Instagram pictures about going into tournaments wearing our shoes, and what we often do with celebrities like him or actors, we send a care package,” Bernhard says. “He came back and said, ‘Hey, can we go out for dinner in Zurich?’ and of course we didn’t say no! And that’s how we met and talked, and it was nice, but only a week later he said, ‘Hey, could I actually be a partner?’”

Federer came on board and even invested his own money in the brand. Along with the On Running team, Federer started designing a tennis shoe and spent most of his pandemic lockdown working on that. I ask Bernhard if it was a planned trajectory to go from running shoes to tennis shoes, and he says that it sort of just happened. To him, any kind of body movement is good, and it seems that On Running is poised to jump in where the team sees opportunities.

Bernhard tells me that On Running’s mission is to ignite the human spirit through movement and that was put to the test in 2020. Like most active/athletic companies, On emerged from the pandemic well in the black, and its 2021 IPO proved the company is a top-tier competitor in the athletic market.

Noting that Bernhard started his company shortly after the recession, I ask if he has advice for entrepreneurs starting out now during uncertain financial times. He says it’s all about products that are recession-proof. He notes that even during tough financial times, people will invest money in their health, and he’s not wrong. Now more than ever, people want to spend more time outside versus on their sofa and are finding more ways to work out and stay healthy. 

“If things get tough, then you prove if you’re made out of steel or a little plastic piece,” he says. “I loved to compete in [difficult] conditions. Even in 2010, we knew that it was going to be super tough. But we looked at each other as athletes. We said, ‘We want to found the company right now, and if we can survive this, we can take any storm that hits our boat.’”

On has proved that it’s a brand that can weather the test of time. It began in a recession; it thrived during a global pandemic. The founders have shown that their products are the kind that people will invest in even during troubled times. But what troubles Bernhard these days now that he’s been in business for more than a decade? He tells me it’s knowing that his company contributes to waste. Bernard impressed me with his connection to the outdoors and care for the land that has given him so much. Our interview took place a day before his birthday, and I asked him how he was planning to celebrate. He let me know that his kids had planned a beautiful day together hiking in the Alps. No wonder he wants to walk the talk and do his part to help preserve what’s most important.

“I always had a hard time being an athlete and knowing that everything I have on my feet and everything I wear is actually ending up in a landfill,” he says. “And I didn’t think that was going to change. When we founded the company, I was super excited, but I also felt bad because I felt that now I’m playing into that. We are producing more waste.”

Bernhard says that he brought this up to his partners mostly thinking that things would remain the same as they always had, but these days the company is taking seriously its pledge to contribute less to waste and is starting to experiment with recycled materials. Bernhard also tells me that On is experimenting with the concept of a subscription service wherein a consumer can return a pair of shoes when they’ve worn them out and once On gets the pair back, the company will send the customer a new pair and recycle the old pair and put the materials toward new products. He describes this as the products becoming circular, and it’s not a bad idea. 

The market has shown that consumers are comfortable with subscriptions. We pay for streaming services, subscription boxes, even subscribe and save on items on Amazon. Why not on our footwear? On is successful because it is evolving with the times. The founders have watched the world and the market change in the 12 years they’ve been in business, and wherever the trends are heading, they’ll be running right after them.

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“We spend a lot of time in nature, training and moving, and we are very thankful that we can do that,” Bernhard says. “We want to help the planet to make sure that it’s going to stay for generations to come.”

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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Exclusive: Apple releases iOS, iPadOS, and macOS security fixes for two zero-days under active attack – TalkOfNews.com

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Apple releases iOS, iPadOS, and macOS security fixes for two zero-days under active attack

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Apple released surprise software updates for iPhones, iPads and Macs on Wednesday that fix two security vulnerabilities known by Apple to be actively exploited by attackers.

The two vulnerabilities were found in WebKit, the browser engine that powers Safari and other apps, and the kernel, essentially the core of the operating system, and affect both iOS and iPadOS, and macOS Monterey.

Apple said that a vulnerable device accessing and “processing maliciously crafted web content may lead to arbitrary code execution.” The two flaws are believed to be related.

Some successful exploits, such as powerful nation-state spyware, use two or more vulnerabilities in conjunction to break through a device’s lawyers of protections. It’s not uncommon for attackers to first target a vulnerability in the device’s browser as a way to break into the wider operating system, granting the attacker wide access to the user’s sensitive data.

Apple said iPhone 6s models and later, iPad Air 2 and later, iPad 5th generation and later, iPad mini 4 and later, and iPod touch (7th generation), and all iPad Pro models are affected.

Apple did not respond to a request for comment.

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