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Taylor Swift's Eras Tour had a significant impact on several public companies this summer. "Knowing how our guests can't get enough of Taylor Swift, we proactively secured an exclusive vinyl offering that Swifties bought in droves." "In July, Taylor Swift launched her Eras Tour merch shop with us experiencing unprecedented volume sales and site visitors on launch day, and we were ready for it." "Folks aren't buying as much patio furniture when they're spending hundreds or thousands of dollars to go to Taylor Swift. Rolling Stones, U2, Madonna, Prince, and this Taylor Swift performance was at a whole different level.
Persons: Taylor, Taylor Swift, Swifties, Christina Hennington, — Harvey Finkelstein, — Boyd Muir, — Leslie Hale, Raymond Martz, Jon Bortz, Wee Ee Cheong, Thomson Leighton, James Conroy, It's, Jonathan Johnson, Tom Schmitt Organizations: Service, AlphaSense, Merchandising, Universal Music, Lodging, Overseas Bank, Bot, Akamai, Forward Locations: Wall, Silicon, Chicago
"A regime change, if you will, is taking place in the market, where small caps are going to do better," said Francis Gannon, co-chief investment officer at Royce Investment Partners, which focuses on small caps. Now investors are pointing to the recent rally as proof that small caps are on the verge of a prolonged period of outperformance. 'Massively outperform' Michael Sesser, equity portfolio manager of the $558-million DWS Small Cap Core fund, believes small caps will "massively outperform" large caps over the next five to 10 years. Cantaloupe , a retail service digital payments company with a $373 million market cap, and medical imaging provider RadNet ($1.2 billion market cap) are among Sesser's picks. DWS Small Cap also owns metallurgical coal producers serving the steel industry, namely Alpha Metallurgical Resources ($2.7 billion market cap), Arch Resources ($2.6 billion market cap) and Peabody Energy ($4.2 billion market cap).
Forward Air shares are delivering on something few companies have as the year draws to a close. The stock is beating the Dow Jones Transportation Average and the S&P 500 in the fourth quarter. Forward Air CEO Tom Schmitt recently spoke with CNBC's Frank Holland about the holiday shipping season, the volume his customers are expecting for Lunar New Year, and the supply chain, trucking, and pricing outlook for 2023. Schmitt said spot rates are down and that "transactional softness" will remain, but contract will continue to be strong. "But I expect more normal ... closer to pre-pandemic with this year Lunar New Year, but we're not there yet," Schmitt said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailForward Air CEO on holiday shipping, Lunar New Year and the 2023 Supply Chain OutlookForward Air shares are 16% higher in Q4, outperforming both the Dow Transports and the S&P 500. The trucking and logistics company has Home Depot, Delta Airlines and Expeditors of Washington as customers. Forward Air gets 30% of its revenue from e-commerce, 40% from industrial trucking and 30% from specialty trucking for live events and healthcare companies. CEO Tom Schmitt shares a real-time update on the holiday shipping season, the volume his customers are expecting for the Lunar New Year and a forecast for trucking rates in 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailForward Air fosters resilience to softening demand with high-value freight shipmentsTom Schmitt, chairman and CEO of Forward Air, joins 'Power Lunch' to discuss softening consumer demand, labor shortage for fleet crews, and more.
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