The IMF's Global Financial Stability Report, which we published last week, found that, while global growth momentum remains strong, short - term risks have increased recently amid rising trade tensions, while medium -
term risks to growth and financial stability remain elevated.
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.
Fukakusa was circumspect in addressing the question, writing the bank will «look for the right balance between investing in our businesses for long -
term growth, returning capital
to shareholders through dividends and share buybacks, and pursuing select acquisitions that fit our strategy and
risk appetite.»
What that means is that you are in an environment that is going
to have further trouble in
terms of investment returns that are in areas that are based on economic
growth and areas that do relatively well like bonds... Broadly speaking, I think that investors should be looking for lower prices on most
risk assets in these developed countries with the exception of Japan.»
One possible
risk would be a sharp decline in economic
growth, but that doesn't currently look
to be on the near -
term horizon.
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.
This press release contains forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve
risks and uncertainties, including, without limitation, statements regarding Tribune Publishing's expectations regarding the timing of its name change and transfer
to Nasdaq, the impact of its rebranding, its long -
term growth, and its strategic plan.
This GFSR also examines the short - and medium -
term implications for downside
risks to growth and financial stability of the riskiness of corporate credit allocation.
As I noted earlier, I think the medium -
term risks to the U.S. economic
growth outlook are somewhat skewed
to the down side.
Lastly, Bladex's focus on Latin America augurs well for its long -
term prospects, and a likely return
to growth in the near future, especially when paired with an emphasis on credit quality that should pay off with reduced downside
risk and fewer losses, especially during economic down cycles.
Venture Capital (VC): financing that investors provide
to startup companies that are believed
to have long -
term growth potential but also a substantial amount of
risk.
[For mathematically inclined clients, a simplistic, but useful way
to see this is
to examine the dividend discount model: Price = Dividend / (k - g) where g is the long -
term growth rate of dividends and k is the long -
term return required by investors, written as the sum of the
risk free rate and a
risk premium (k = Rf + z).
Comparing our opportunity
to Japan's, isn't our sovereign credit
risk much higher than Japan's in
terms of per capita GDP
growth, structural balance - of - payments deficit, history of default and history of inflation?
The right concern for the Fed now should be
to signal its commitment
to accelerating
growth and avoiding a return
to recession, even at some cost in
terms of other
risks.
The biggest near -
term risk to Mexico's
growth is the possibility that the United States will scuttle the North American Free Trade Agreement (Nafta).
You benefit from potential long -
term growth and exposure
to the broad stock and bond markets, while assuming market
risk.
As I note throughout the Undervalued Dividend
Growth Stock of the Week series, a high - quality dividend growth stock that's undervalued can confer multiple benefits to the long - term investor: a higher yield, greater long - term total return prospects, and less
Growth Stock of the Week series, a high - quality dividend
growth stock that's undervalued can confer multiple benefits to the long - term investor: a higher yield, greater long - term total return prospects, and less
growth stock that's undervalued can confer multiple benefits
to the long -
term investor: a higher yield, greater long -
term total return prospects, and less
risk.
Thus, we have generally been quite defensive with regard
to interest - rate
risk, while seeking
to take advantage of what we deem as the relative attractiveness of currencies of countries with fundamentals likely
to support medium -
term growth.
The run - up in credit
growth and the associated boom in house prices in recent years presented two implications for the economy: they tended
to boost
growth in the short
term, but carried the
risk of a damaging correction if they continued too long.
Mr Gundlach says low economic
growth is likely
to persist and recommends hedging
risk assets with long -
term Treasury bonds.
He raised Yellen's ire by arguing that the Fed should temper its efforts
to minimize unemployment because those policies encourage financial
risk - taking, which can undermine long -
term growth by destabilizing markets and causing new crises.
Periodically, I will write about dividend stocks that we purchase or own, as an example of how the dividend
growth investing (DGI) strategy works, the
risks that you have
to deal with in pursuing the strategy and the long -
term patience that DGI requires.
While MaRS makes this document available for educational purposes and
to facilitate the negotiation of
terms between investors and startups looking at business
growth, the template is yours
to use at your own
risk.
As I plan
to invest for the next twenty
to thirty years I'm willing
to risk potential short
term issues for long
term slow
growth and yield.
Medium
Risk — Growth (M / GRW) Lower to average risk equities of companies with sound financials, consistent earnings growth, the potential for long - term price appreciation, a potential dividend yield, and / or share repurchase prog
Risk —
Growth (M / GRW) Lower to average risk equities of companies with sound financials, consistent earnings growth, the potential for long - term price appreciation, a potential dividend yield, and / or share repurchase pr
Growth (M / GRW) Lower
to average
risk equities of companies with sound financials, consistent earnings growth, the potential for long - term price appreciation, a potential dividend yield, and / or share repurchase prog
risk equities of companies with sound financials, consistent earnings
growth, the potential for long - term price appreciation, a potential dividend yield, and / or share repurchase pr
growth, the potential for long -
term price appreciation, a potential dividend yield, and / or share repurchase program.
The key is finding balance — taking on an appropriate amount of
risk to ensure you have enough
growth potential
to reach your long -
term goals.
Yet, at a macro level, our economists view this as a medium -
term positive, with 0.2 - 0.3 percentage point of upside
risk to their 2018 GDP forecast of 1.1 %
growth.
We individually manage each client's personal investments
to maximize their long -
term growth while minimizing
risk.
Moreover, 7.2 per cent
growth, which is the other way
to look at not taking early benefits, plus indexation, is hard
to achieve on a long
term basis in income stocks or with federal government bonds with no
risk of default.
He acknowledges there are
risks in the US distribution overhaul, but that the big profit
growth being achieved in the company's Asian division will be able
to offset a short -
term dip from the investment required for the US changes.
But in the long -
term this
growth is at
risk unless more is done in the UK
to help companies invest, grow and compete against imports.
«Biofilms were rampant on the Mir space station and continue
to be a challenge on the International Space Station, but we still don't really know what role gravity plays in their
growth and development,» said Cynthia Collins, Ph.D., principal investigator for the study and assistant professor in the Department of Chemical and Biological Engineering at the Center for Biotechnology and Interdisciplinary Studies at the Rensselaer Polytechnic Institute in Troy, N.Y. «Before we start sending astronauts
to Mars or embarking on other long -
term spaceflight missions, we need
to be as certain as possible that we have eliminated or significantly reduced the
risk that biofilms pose
to the human crew and their equipment.»
According
to the Center for Disease Control and Prevention (CDC), babies with a birth weight of less than 5.5 pounds may be at
risk of long -
term health problems such as delayed motor skills, social
growth, or learning disabilities.
The increased
risk of further heat waves (intensive heat over relatively short time scales) as well as exposure
to warmer temperatures over the longer
term, suggest that recovery will depend on thermally - resistant individuals that may trade - off high temperature tolerance with other important attributes such as nutritional value or rapid
growth.
Jeremy Mottram, Professor of Pathogen Biology and lead investigator for the study, said: «350 million people are at
risk of contracting leishmaniasis, and it has severe costs in both health and economic
terms, draining resources that could be used
to promote the
growth of developing nations.
Although there is yet
to be a large, long
term, controlled study on the effect of TRT [testosterone replacement therapy] on PCa [prostate cancer]
risk, it should be abundantly clear that raising T [testosterone] in hypogonadal men has little, if any, impact on PCa
risk or
growth in the short
to medium
term.
The importance of active ductal
growth driven by estrogen has been further emphasized by the higher susceptibility of the breast
to be transformed during a «high -
risk» window in the lifespan of a female encompassed between menarche and a first full -
term pregnancy [5].
DHT is 10 times more powerful than testosterone in
terms of stimulating cellular
growth, which contributes
to swollen prostate gland (called benign prostatic hypertrophy or BPH) and increased
risks of developing prostate cancer.
While short
term timeframes in regards
to growth investment are a high
risk, investing over a longer period of time means you can wait out the lows of the market.
These are the steps I would take in the event I sorely underestimate the expense of our retirement lifestyle, experience «sequence of return»
risk (i.e. a significant drop in investments during my first 10 years of retirement), or the long
term growth of my investments pales in comparison
to historical returns for miscellaneous reasons or black swans.
Factors that could cause actual results
to differ include, but are not limited
to, the size and
growth of the market for the company's products and services, regulatory approvals, the company's ability
to fund its capital requirements in the near
term and the long
term, pricing pressures and other
risks detailed in the company's reports filed with the Securities and Exchange Commission.
Years Ending value 20 $ 2,191 40 $ 4,801 60 $ 10,520 80 $ 23,050 100 $ 50,505 I believe that most investors with a really - long -
term view will be willing
to take on some additional
risk in order
to seek more
growth than that.
While I already own Coke in my long -
term dividend
growth portfolio — and plan on holding it for the long - haul — I'm always open
to potential «10 % Trade» opportunities with the stock that could continue
to both boost my income and reduce my
risk.
The metrics that track some of these trends - the level of profit margins in relation
to sales
growth, sector valuation, and a downward drifting earnings surprise rate - are currently highlighting potential intermediate -
term risks on the earnings front.
Compare Putnam funds in FundVisualizer: Select a Putnam fund
to compare Putnam
Growth Opportunities Fund Putnam Pennsylvania Tax Exempt Income Fund Putnam Putnam PanAgora
Risk Parity Fund Putnam Global Sector Fund Putnam Putnam PanAgora Managed Futures Strategy Putnam Multi-Cap Core Fund Putnam Putnam PanAgora Market Neutral Fund Putnam Capital Spectrum Fund Putnam Global Equity Fund Putnam Equity Spectrum Fund Putnam George Putnam Balanced Fund Putnam Global Income Trust Putnam Global Health Care Fund Putnam Short Duration Income Fund Putnam Dynamic
Risk Allocation Fund Putnam High Yield Fund Putnam Floating Rate Income Fund Putnam Sustainable Leaders Fund Putnam New Jersey Tax Exempt Income Fund Putnam RetirementReady 2060 Fund Putnam Multi-Asset Absolute Return Fund Putnam Government Money Market Fund (A Shares) Putnam Equity Income Fund Putnam Europe Equity Fund Putnam Dynamic Asset Allocation Conservative Fund Putnam RetirementReady 2055 Fund Putnam Dynamic Asset Allocation Balanced Fund Putnam New York Tax Exempt Income Fund Putnam Dynamic Asset Allocation
Growth Fund Putnam Retirement Income Fund Lifestyle 1 Putnam Ohio Tax Exempt Income Fund Putnam International Equity Fund Putnam Small Cap Value Fund Putnam Massachusetts Tax Exempt Income Fund Putnam Diversified Income Trust Putnam Convertible Securities Fund Putnam California Tax Exempt Income Fund Putnam Global Financials Fund Putnam Small Cap
Growth Fund Putnam Global Consumer Fund Putnam International Capital Opportunities Fund Putnam International Value Fund Putnam Global Telecommunications Fund Putnam Global Natural Resources Fund Putnam Money Market Fund (A Shares) Putnam Global Technology Fund Putnam Global Industrials Fund Putnam Tax - Free High Yield Fund Putnam Capital Opportunities Fund Putnam Global Utilities Fund Putnam Research Fund Putnam Minnesota Tax Exempt Income Fund Putnam Mortgage Securities Fund Putnam Fixed Income Absolute Return Fund Putnam AMT - Free Municipal Fund Putnam Absolute Return 100 Fund Putnam Short -
Term Municipal Income Fund Putnam RetirementReady 2030 Fund Putnam International
Growth Fund Putnam RetirementReady 2045 Fund Putnam Intermediate -
Term Municipal Income Fund Putnam Tax Exempt Income Fund Putnam RetirementReady 2050 Fund Putnam Income Fund Putnam Sustainable Future Fund Putnam Emerging Markets Income Fund Putnam Emerging Markets Equity Fund Putnam Investors Fund Putnam RetirementReady 2020 Fund Putnam RetirementReady 2025 Fund Putnam RetirementReady 2035 Fund Putnam RetirementReady 2040 Fund
Sustained
growth amid low market volatility should underpin
risk assets — especially if many investors, fearing a near -
term downturn, start
to embrace the upbeat outlook.
For this reason, a value stock is typically more likely
to have a higher long -
term return than a
growth stock because of the underlying
risk.
Investors who are comfortable with the long -
term risks facing the industry and who don't have an immediate need for high - yield (say
to live off dividends during retirement), today could be a reasonable time
to give this quality dividend
growth stock a closer look.
MDT Advisors» uses a quantitative process that scores stocks based on earnings estimate momentum, long -
term earnings
growth, analyst conviction, share buyback and issuance, external financing, asset
growth, earnings
risks, structural earnings, tangible book -
to - price and earnings -
to - price.
Following a disciplined investment process focused on collaborative yet accountable decision - making, analysts study global industries
to understand their competitive structures, assess the long -
term risks and fair values of their constituent companies, and recommend those with high fundamental business quality and durable
growth prospects.