Market Watch

Welcome to Monday, loyal readers. Here’s what you need to know today. First, a friendly reminder You have until 9 p.m. Friday to submit nominations for our Women Who Mean Business awards program, which recognizes female trailblazers in the local business community. Nominees must be based in El Dorado, Placer, Sacramento or Yolo counties. Nomination information is available online. Nominees will be evaluated by the Business Journal editorial team, as well as a panel of previous honorees. Good luck! Big grocery news A new Pappas Investments retail project proposed for Elk Grove, called The Village, would have the city’s first Whole Foods Market as an anchor, according to plans filed with the city. Senior Reporter Ben van der Meer has details. From the health care beat A jury has ordered a Roseville skilled nursing facility to pay $30.9 million to the family of a man who died after a two-week stay. Learn more in this article by reporter Emily Hamann. Our latest cover story In our latest cover story, Senior Reporter Ben van der Meer lists six local real estate projects to watch this year. The progress of these projects in future years is likely to be a strong […]

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The new year is an important time when many business owners hit the refresh button and look for opportunities to change and improve their practice or company. The new year is an important time when many business owners hit the refresh button and look for opportunities to change and improve their company. If you own a healthcare business, have you thought about what resolutions you will be making in the new year? According to McKinsey & Company, the United States is projected to face a shortage of more than 200,000 registered nurses and more than 50,000 physicians in the next three years. [1] Growth and margins for providers are already strained due to this dynamic, and the impact is likely to worsen. They predict that testing, vaccination, and treatment of COVID-19 and the associated increased burden of behavioral-health and other chronic conditions could add another $220 billion in annual costs over the next five years. [2] Given this information, it’s essential that business owners take a step back and evaluate what they want to accomplish in 2023. The new year is a great time to make resolutions for your company. Here are some resolutions to consider as we begin […]

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As industries have learned, both consumer and business needs can change in the blink of an eye, and supply chains must also be ready to turn on a dime when demand for goods hits an imbalance. We are already a month into 2023, and economic forecasts indicate a lot of work ahead for enterprises to stay healthy and profitable. To help with the challenges ahead and build on learnings from the past, I’ve outlined five critical strategies for supply chains that are deeply significant for businesses to stay nimble in the year ahead. Have a read, and let me know in the comments how you see things from your perspective. Nearshoring of Manufacturing to Mitigate Supply Shortages Last year in this column , I wrote about how the pandemic severely impacted American companies’ offshoring practices over the past few decades. Offshoring was the preferred, cost-friendly way that American firms performed their manufacturing since the 1980s. Using lower-cost Chinese labor to achieve profitable production helped keep offshoring at the top of the international manufacturing list. But when COVID hit and China shut down manufacturing across multiple regions, the system was severely impacted. As I wrote then, “the engine seized.” In […]

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A common misconception is that high-powered computing (HPC) and exascale supercomputing are too powerful for traditional businesses — that they’re only designed for mammoth university and government programs that seek to answer humanity’s biggest questions, like how the galaxies are formed or finding solutions for global crises like climate change and hunger. But the reality is that HPC and exascale also have business-critical use cases across every industry, transforming operations and solving everyday business challenges. And with the release of the world’s most powerful — and first — public exascale supercomputer, the HPE Cray Frontier , the possibilities become truly infinite. How HPC and exascale supercomputing accelerate business transformation Innovations in blockchain, artificial intelligence, machine learning, augmented reality, and other technologies are opening doors to new opportunities and better, faster ways of doing business. Grabbing hold of these opportunities and remaining agile in a constantly evolving world means that every industry must embrace digital transformation. But without centralized data and insights, it can be hard to be agile and anticipate what’s next — especially for large corporations. That’s where HPC and exascale supercomputing can help. For example, at HPE, we employed HPC to centralize and consolidate multiple ERPs as […]

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Cloud ERP Company Surpasses 10,000 Customers, Announces Updated Customer Bill of Rights and Celebrates Customer Success at Annual Event LAS VEGAS, Jan. 30, 2023 /PRNewswire/ — Acumatica, the world’s fastest-growing cloud ERP company, today outlined how its community of customers, partners and developers shapes business technology that is responsive to the real-world needs of small and mid-sized businesses (SMBs). The company announced these valuable impacts and articulated specific rights customers should expect from their technology vendors in an opening day keynote address at its annual Summit event in Las Vegas, Nev., which was attended by more than 2,800 customers, partners and analysts. The opening keynote address featured Acumatica CEO John Case, who underlined the cloud ERP provider’s dedication to supporting SMBs as they face the challenges of today’s economy. Case noted that, despite the economic environment, Acumatica continues to grow, surpassing 10,000 customers. He credited the continued momentum to the Acumatica Community, which understands the needs of its customers. "The Summit is a key touchpoint in an ongoing dialogue that takes place throughout the year in community forums, in meetings and at events," said Case. "It’s the voices of our customers that drive us all forward in everything we […]

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This page offers information and resources to help limit the spread of COVID-19 in non-health care settings. See the Department of Health Services (DHS) Health Care Providers webpage for information that is specific to health care settings. Employers will find resources and recommendations for protecting employees, clients, and customers. Workers will find resources for staying safe in the workplace, information about financial assistance (including options for health insurance and no- and low-cost health care). Four steps to stay safe Effective August 11, 2022, the Centers for Disease Control and Prevention (CDC) has released new guidance emphasizing a four-step plan for individuals to protect themselves from COVID-19. These also apply to the workplace. They are: Companies that took steps during the pandemic to implement Occupational Safety and Health Administration’s (OSHA) rules should not be discouraged by these changes. Your organization is more resilient as a result of policies like paid time off for vaccination, vaccination requirements and masking or testing of unvaccinated employees. Although these steps should be taken by every individual, employers can still take steps to protect the health of their workforce and business by: Keeping people in your workplace up-to-date on your local COVID-19 Community Level. You […]

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Microsoft has announced that its Azure Native New Relic service is now available for customers in the Microsoft Azure Marketplace. The company explained that this release should help to drive cloud migrations and accelerate multi-cloud initiatives in enterprise environments. New Relic is a cloud-based platform that helps developers and IT admins monitor the performance and health of their applications. The service provides real-time insights for real-user monitoring, error tracking, infrastructure monitoring, and log management. It has integrations with various enterprise tools, including Slack, Atlassian Jira, Lighthouse, and Microsoft Azure . Microsoft notes that Azure customers previously had to follow a complex process for setting up credentials, event hubs, and custom code. This release lets IT Pros use the New Relic service to seamlessly collect telemetry data for monitoring, troubleshooting, and optimizing cloud applications and Azure workloads. “Observability is essential in today’s modern, multicloud world. Whether our customers are running applications on data centers, embracing the public cloud, or running things at the edge, they need observability to take a look across all those systems. Today’s news brings together more than a decade of innovation between New Relic and Microsoft, to bring the power of full stack observability to Microsoft […]

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With a market valuation of ₹1,30,062.57 Cr., LTIMindtree Ltd. is a large-cap company that operates in the IT industry. LTIMindtree is a digital transformation partner solution for more than 30 countries and a global provider of technology consulting and digital solutions. It is a member of the Larsen & Toubro Group. The firm announced an interim dividend of ₹20 per share, or 2000%, at a face value of ₹1 per share along with the release of its Q3 results. The company has fixed Tuesday, January 31, 2023 as the ‘Record Date’ for the purpose and since the Indian stock market adopted T+1 settlement cycle on 27th January, the ex-date for LTIMindtree is also falling on the same day. IT services firm LTIMindtree reported a decline of 4.7 per cent in net profit to ₹1000.7 crore for the December 2022 quarter which is against a net profit of ₹1050.1 in the year ago period. The company posted revenue from operations of ₹8620 crore in Q3FY23 against ₹6880.7 crore in Q3FY22, registering a growth of 25.3% YoY. The company posted an EBITDA of ₹1374.8 crore in Q3FY23 as compared to ₹1426.3 crore posted in Q3FY22, registering a fall of 3.6% YoY. […]

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Laura Perez-Garcia, the owner of Voltage Fashion & Styles Boutique, with Da’Vyana Williams ’24 and Leyla Knight ’24. Inside the walls of Voltage Fashion & Styles Boutique in Worcester’s Main South neighborhood, Da’Vyana Williams ’24 and Leyla Knight ’24 got to work. The social media-savvy students filled a much-needed gap for owner Laura Perez-Garcia, enhancing her store’s website by publicizing inventory and revamping her Facebook and Instagram pages with fresh content. Meanwhile, Perez-Garcia shared with the students her wisdom from seven years of small-business ownership, which will assist them as they explore their own entrepreneurship opportunities after college. This educational give-and-take was part of Entrepreneurial Experience, a course designed by School of Management Professor John Dobson that is the culmination of the entrepreneurship and innovation minor . By emulating an “incubator,” or collective workspace, students in the course develop skills like idea generation, collaboration, market testing, and marketing while working directly with established businesses. The learning model feels more like an internship than a traditional class, allowing students to gain valuable hands-on experience before graduation. Leyla Knight ’24 “It was a challenge to carve out time and think critically about how to follow Laura’s dream and support it,” says […]

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Source: Shutterstock While Trigano S.A. ( EPA:TRI ) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the ENXTPA. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s examine Trigano’s valuation and outlook in more detail to determine if there’s still a bargain opportunity. Is Trigano Still Cheap? According to my valuation model, Trigano seems to be fairly priced at around 7.0% below my intrinsic value, which means if you buy Trigano today, you’d be paying a fair price for it. And if you believe that the stock is really worth €136.69, then there’s not much of an upside to gain from mispricing. Is there another opportunity to buy low in the future? Since Trigano’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. This is based on its high beta, which is a good indicator […]

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