Since last year, the near - term price of WTI crude, in Canadian dollars, has dropped by almost $ 25 per barrel, and the long -
term futures price by $ 10, when you take into account futures market prices for Canadian dollars as well.
Long -
term future pricing options could be seen as a vote of confidence for the virtual currency, potentially paving the way for less market volatility and further increased investment over time.
Long -
term future pricing has been heralded by some investors as a considerable vote of confidence for virtual currencies, potentially paving the way for less market volatility and further increased investment over time.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate,
future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of
future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase
price for our announced acquisition of Asco on favorable
terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or
future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Options and
futures are generally interchangeable
terms, and represent a contract to buy a specific asset at a specific
price at a
future date.
So while there could be a better entry point in the
future for long -
term investors, if these analysts
price targets end up being right, then there is a chance you can get a boost in the short -
term too.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity
prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4)
future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5)
future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of
future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and
future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near
term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market
price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
«As
term structure strengthens and perhaps even inverts, the psychological impact of locking in
future fuel
prices below near - dated and spot
prices should also embolden consumer hedging.»
And most experts think the loonie will stay low for the foreseeable
future, due to depressed oil
prices and the country's deteriorating
terms of trade.
But the senior department head of an American company, who declined to be identified, added that it would be «stupid» to sell the flat to take short -
term profits because
prices would continue to rise in the
future.
If they're hamstrung in
terms of being able to raise
prices, their
future success may well hinder on their ability to lower their costs.
However the shale gale appears to have depressed gas
prices for the foreseeable
future, and gas producers are eager to lock into long -
term supply contracts, making gas load power economically feasible for the first time.
The note says that «the Apple Watch is a very modest threat this year as current interest in the running community appears low, but Apple's product positioning, the likely addition of GPS and likely lower
price points in
future versions are significant long -
term headwinds.»
T. Rowe
Price has been a long -
term investor in NetSuite, and we believe in its
future as an independent company.
These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint
prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy
future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable
terms; and other events beyond the Company's control that may result in unexpected adverse operating results.
Under the
terms of a SAFT, the seller promises to hand over the tokens to the buyer at a
future date at an agreed upon
price.
Home resales were already on a downward track before the British Columbia government introduced a 15 per cent tax on home purchases by foreign nationals in Metro Vancouver, and area resales could see further significant weakness in the near
term if there is a sharp downgrading of
future price expectations and a drop in speculative activity.
In simple
terms,
futures allow producers and consumers to hedge their risks by locking in
prices for raw materials.
This follows from the Iron Law of Valuation — the higher the
price an investor pays for a given stream of expected
future cash flows, the lower the long -
term return one should expect.
Designed to follow the
price of continuous corn
futures contracts, the Corn ETF ($ CORN) broke out from a short -
term consolidation on heavy volume yesterday (March 31), after a three - week consolidation.
The VelocityShares Daily VIX Mid
Term ETN provides 2x leveraged exposure to an index that tracks the
price performance of
futures contracts in the VIX with a weighted average maturity of 5 months.
The higher the
price an investor pays for a given stream of
future cash flows, the lower the long -
term return an investor can expect.
Future commodity price levels might certainly be different, on average, in the future than they were in the past, but we should not jump to the conclusion that the long - term boom - bust dynamics of commodities have vanished as a r
Future commodity
price levels might certainly be different, on average, in the
future than they were in the past, but we should not jump to the conclusion that the long - term boom - bust dynamics of commodities have vanished as a r
future than they were in the past, but we should not jump to the conclusion that the long -
term boom - bust dynamics of commodities have vanished as a result.
UNG's investment objective is for the daily changes in percentage
terms of its shares» net asset value to reflect the daily changes in percentage
terms of the natural gas
price delivered at the Henry Hub, La., as measured by the daily changes in the benchmark
futures contract minus expenses.
An excessively low reference
price can handicap its long -
term profitability — the low
price might hasten its penetration of the market, but the resulting lower margins forgo the
future profits a higher
price would have captured once a customer base had been established.
Specifically, they relate spot West Texas Intermediate (WTI) crude oil
price to: the U.S. dollar exchange rate versus a basket of developed market currencies; Dow Jones Industrial Average (DJIA) return; U.S. short -
term interest rate; the S&P 500 options - implied volatility index (VIX); and, open interest in the NYMEX crude oil
futures (as an indication of financialization of the oil market).
Cocoa
futures in the May contract settled last Friday in New York at 2556 while currently trading at 2467 down about 90 points for the trading week as we are right near a four week low as
prices may have topped out in the short
term.
While the forecasters are quoting huge numbers for the
future, we believe that at the current
prices, the risk to reward ratio is skewed to the downside in the short -
term.
Tip for first - time buyers: There is no way to predict the
future, in
terms of mortgage rates and home
prices.
The ability of the gold
futures market to absorb large spec liquidation on a small
price break is long
term bullish.
Unlike the case of initial public offerings, where much of the value is already
priced in at the IPO launch, or even the traditional venture capital system, an ICO allows investors to not only become financial backers but also early adopters, since the investment coin's long
term value is in
future products or services.
CPI inflation in year - ended
terms should stay in a narrow range around this profile over much of the forecast horizon, though volatility in oil and food
prices over the past year will continue to have some effect on the year - ended figures in
future quarters.
The model has unmatched functionality, allowing the user to factor in not only a company's near and long -
term dividend growth rate but also the quarterly reinvestment of growing dividends at a
future expected stock
price.
Short -
term yields have risen by about 15 basis points from their December quarter lows, as the market has again moved to
price in a possible monetary tightening, though not in the immediate
future.
In practical
terms, arbitrage funds seek spreads between the current
price of stocks and their forward value reflected in a
futures contract.
The Series A Preferred shall also be convertible into any
future series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
future series of Preferred Stock (the «
Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a
future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this
term sheet (a «
Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a
Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
Future Financing, that the holder may convert into shares of
Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
Future Preferred only in the event that all of such shares of
Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the
Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
Future Financing at a
price per share no lower than the
price per share at which the Company sells shares of such
Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
Future Preferred in the
Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the h
Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the holder.
No one really knows how bitcoin
futures will impact the underlying
price of BTC / USD for the long -
term.
After the remarks, the pound lost ground versus the dollar and euro, and short -
term interest rate
futures are now
pricing in the less - than - 50 % probability of a rate hike on 10 May, down from 80 % earlier in the week.
Lower interest rates, slower amortization rates («interest - only loans»), lower down payments and easier credit
terms enabled millions of Americans to take on huge debts today with the hope of reaping huge capital gains sometime in the
future — or simply to avoid having to pay more as home
prices rose beyond their means.
OPEC, especially its Middle Eastern producers, will be closely watching the
futures contract because once established, the Chinese reference crude
price could act as a regional benchmark for negotiations of spot or
term crude oil
prices.
Even though we may be perhaps two - thirds through the inventory destocking part of the down cycle, what does the longer -
term future hold for steel and crude oil
prices?
Short
term and gold is just another trade like any other
future or commodity, which is fine, but you have to keep in mind that if there's a catastrophic failure in the market like in 09 then gold probably will drop in
price as well.
The higher the
price you pay today for each dollar you expect to receive in the
future, the lower the long -
term return you should expect from your investment.
For example, in an ideal world, a stock that earns E, pays a proportion d of that out in dividends, reinvests the rest to grow at a perfectly constant rate g, and is expected to stay in business into the indefinite
future, should have a P / E ratio of d / (k - g) where k is the desired long
term rate of return (say 0.10 or 10 %) that the stock should be
priced to deliver.
Undoubtedly, all of this will produce
future strains in the form of inflation risk, longer -
term commodity
price pressures, fiscal instability, stagnant lending activity, continued failure of smaller institutions, further loan writedowns, and other events.
If those assumptions disappoint and it becomes clear that profit margins will not be forever sustained at record highs, it doesn't only imply near -
term earnings disappointments - it implies that the whole stream of
future earnings impounded into stock
prices is wrong.
A permanent end to the subsidies could imperil the law's marketplaces in the long
term and lead to even bigger
price hikes in
future years.
Maybe U.S. stocks do deserve to trade at higher
prices sometime in the
future, but there's still good reason for caution in the short
term.
As the yuan progressively reaches full consolidation in trade settlement, the petro - yuan threat to the US dollar, inscribed in a complex, long -
term process, will disseminate the Holy Grail: crude oil
futures contracts
priced in yuan fully convertible into gold...
Horrific Performance An initial investment of more than $ 450,000 to the ProShares Ultra VIX Short -
Term Futures ETN (UVXY) at the open of its October 4th, 2011 inception date (the split adjusted opening
price) would be worth just $ 87 at today's close (this after a more than 28 % gain today and