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26th September 2018
#EARNINGS
AAR Corp. (AIR) Q1 Adj. EPS USD 0.54 vs. Exp. USD 0.52, revenue USD 0.466bln vs. Exp. USD 0.452bln. (Newswires)
CarMax (KMX) Q2 EPS USD 1.24 vs. Exp. USD 1.21, revenue USD 4.77bln vs. Exp. USD 4.65bln; comparable sales up 2.1%. (Newswires)
Cintas (CTAS) Q1 EPS USD 1.89 vs. Exp. USD 1.80, revenue USD 1.70bln vs. Exp. USD 1.68bln. Q1 organic growth rate was up 5.4% from last year. Raises FY19 EPS view to USD 7.19-7.29 from USD 7.00-7.15, consensus USD 7.16 and raises FY19 revenue view to USD 6.80bln-6.855bln from USD 6.75bln-6.82bln, consensus USD 6.81bln. (Newswires)
KB Home (KBH) Q3 Adj. EPS USD 0.87 vs. Exp. USD 0.77, revenue USD 1.23bln vs. Exp. USD1.26bln. Q3 deliveries were up 8% at 2,988 homes. Says supply and existing inventory remain insufficient to meet demand. Sees FY18 housing revenue of USD 4.6bln, low end of prior USD 4.6bln-4.8bln view. CEO sees slower sales in higher priced homes. (Newswires)
Nike (NKE) Q1 EPS USD 0.67 vs. Exp. USD 0.63, revenue USD 9.9bln vs. Exp. USD 9.94bln. Q1 gross margin up by 60bps to 44.2%. Q1 North America revenue up by 6% to USD 4.145bln. Apparel saw 11% growth in Q1. Says has seen 17 straight quarters of revenue growth in greater China. Sees 'strong' sequential revenue growth in Q2 and notes recent ad campaign causing uptick in brand engagement. Some analysts are concerned over what they consider weaker than forecasted profit margins. (Newswires)

DOW JONES

Apple (AAPL) – New iPhone sales momentum is likely to slow down later this year, DigiTimes reports, noting the first wave of sales was not as enthusiastic as the iPhone 6’s amid the high cost and the iPhone XS lack of specification upgrades. Separately, the tech products behemoth has reportedly removed certain parts from its new large sized iPhone in production to remove costs. This year’s iPhone XS Max 256gb costs USD 443 in parts where as last year’s 64gb iPhone X cost USD 395.44. (DigiTimes/Newswires)
Boeing (BA) – Malaysia Airlines has said its provisional deal for the purchase of eight Boeing 787 jets has lapsed. (Newswires)
Chevron (CVX) – The co. has received an ‘expression of interest’ in the Rosebank North Sea oil and gas development. (Newswires)
Merck (MRK) – The board of directors has withdrawn its policy subjecting the CEO to mandatory retirement at the age of 65 with current CEO Kenneth Frazier now set to remain in his position beyond December 2019. (Newswires)
#S&P500
AbbVie (ABBV) – Health Canada approved VENCLEXTARituximab leukaemia treatment in Canada, based on Phase 3 clinical data. (Newswires)
Agilent (A) – The healthcare co. is to acquire ACEA Biosciences, a leading co. for the development of highly innovative products in the biotech and pharmaceutical industry; terms of the deal were not disclosed. (Newswires)
Alexion (ALXN) – The co. is to acquire Syntimmune for upfront payment of USD 400mln. (Newswires)
Allergan (AGN) – The pharma co. has announced the FDA acceptance of its supplemental new drug application for Vraylar (CARIPAZINE), which seeks to expand the treatment to include the treatment of Bipolar Depression. (Newswires)
Andeavor (ANDV) – The co. will be replaced by Rollins (ROL) in the S&P 500 at open on October 1st since Marathon Petroleum’s (MPC) acquisition of Andeavor (ANDV) is expected to close soon. (Newswires)
CBS (CBS) – The co. names Richard Parsons interim chairman, following the resignation of CEO Leslie Mooves earlier this month. (Newswires)
Comerica (CMA), Regions Financial (RF), SunTrust (STI), Citizens Financial (CFG) and KeyCorp (KEY) – The co.s remain top picks for Goldman Sachs (GS). (Newswires)
Delta Airlines (DAL) – The airline temporarily halted departures yesterday citing ‘technology issue’; the co. reported the IT systems have been restored and there are no cancellations because of the issue. (Newswires)
Michael Kors (KORS) – Italian fashion brand Versace has said it received no offers from Italian investors for itself before accepting an offer from KORS. (Newswires)
Moody’s (MOC) – The rating co. names Mona Breed CIO; effective October 15th. (Newswires)
Nielsen (NLSN) – The industrial group is attracting interest from Blackstone (BX), Carlyle Group (CG) and are mulling offers for the co. though talks are at an early stage. (Newswires)
Oneok (OKE) – The oil co. is to construct additional NGL infrastructure in in Mont Belvieu, Texas and between the Mid-Continent market hub to boost pipeline capacity. (Newswires)
Philip Morris (PM) – The tobacco name is moving a large majority of its 1,000 sales employees in Japan to the streets to target elderly smokers and persuade them to switch to the new iQos smoking devices. (Newswires)
Raytheon (RTN) – The defence group was awarded a USD 1.53bln contract modification from the US army, estimated to be completed in December 2022. (Newswires)
Salesforce (CRM) – CEO states 'I have Apple in my veins' amid partnership with Apple (AAPL). (CNBC)
#NASDAQ 100
Alphabet (GOOGL) - The tech giant will admit later today, via an executive testimony to the US Senate, that it has made “mistakes” in handling user privacy issues. Separately, Google appoints privacy lawyer Keith Enright as Chief Privacy Officer. (Newswires)
Amazon (AMZN) – The online retailer announced the launch of its Canadian Amazon Music Unlimited, where prime and non-prime members can choose multiple price plans from CDN 3.99. Elsewhere, it has been calling employees into meetings to give them pay rises of USD 0.25-0.55/hour. Separately, the retail giant is expanding its grocery delivery from Whole Foods Market through Prime Now in new cities including Ann Arbor, Detroit, Jacksonville, Madison, Milwaukee, Omaha, Orlando, St. Louis, Tampa and Tulsa as well as additional areas of New York City and Seattle. (Newswires)
Comcast (CMCSA) – The broadcasting group said to have acquired 153.9mln additional shares in Sky (SKY LN) bringing the NBCUniversal and CNBC stake to 36.95%. Comcast now owns a 39% stake in the British broadcaster and continues to consider options for that stake. (Newswires)
Starbucks (SBUX) – The coffee maker, in response to the critically low coffee prices, committed to USD 20mln to temporarily relieve Central Americans farmers. (Newswires)
Tech names (GOOGL, AAPL, AMZN, MSFT, FB) – Tech giants have collectively spent USD 80blni in physical assets including specialised manufacturing equipment. (Newswires)
#OTHER NEWS
Alcoa (AA) – The union in the aluminium producer’s Western Australia operations has said it is meeting with the co. again on Wednesday in an effort to resolve a now 6-week long strike. (Newswires)
Ctrip (CTRP) – The co. enters a collaboration with iClick Interactive Asia for the creation of an e-commerce platform to target 130mln foreign travellers to China to help them maximise sales closure. (Newswires)
Dunkin Brands (DNKN) – Fans of the co.’s foundational doughnut products expressed concerns over its decision to remove doughnut from its name. (Newswires)
Intelsat (I) – The aerospace co. and Azercosmos announce the successful launch of Intelsat 38 and Azerspace-2 satellite. (Newswires)
International Game (IGT) – The betting group partners up with William Hill US, a subsidiary of William Hill PLC, to offer full service solutions for sports betting. (Newswires)
KKR (KKR) – The co. has formed a management co. to provide high quality healthcare services in China through the consolidation of hospitals. (Newswires)
Loxo Oncology (LOXO) – The drug maker announced a LOXO-292 durability update, with data for the most recently enrolled patients showing a 68% confirmed overall response rate in the presented subset. (Newswires)
Navigators (NAVG) – The co. announced the 30-day "go-shop" period has ended under the terms of the previously announced merger agreement, under which Navigators will be acquired by Hartford Financial (HIG). (Newswires)
Snapchat (SNAP) - VP of corporate communications Mary Ritti is leaving the co. at the end of the year. (WSJ)
TechnipFMC (FTI) – The co. has signed a strategic collaboration agreement with Equinor to enable developing Equinor's offshore projects globally. (Newswires)
Teleflex Incorporated (TFX) – Subsidiary NeoTract announced positive data from 5 real data studies of UroLift System for Benign Prostatic Hyperplasia (BPH) care. (Newswires)
Tenneco (TEN) – The co. is to supply suspension technology on Jaguar E-PACE SUV. (Newswires)
Trinity Industries (TRN) – The co.’s board has approved the separation of Arcosa, its infrastructure-related business. (Newswires)
Zai Lab (ZLAB) – The co. presents positive results of its PK study for ZL-2306 for the treatment of ovarian cancer. (Newswires)
submitted by WSBConsensus to wallstreetbets [link] [comments]

FAQ - Different ways to use Citibank ThankYou Points (TYP)

Different ways to use Citibank ThankYou Points (TYP)

Parts of this series:
While many folks in this sub spends hours figuring how what card to use where to earn the most points/miles, the more complicated part of this hobby is the redemption of those points. Almost every day, we see people struggle with trying to use the points they've earned, and getting frustrated in the process; or they redeem the points in a way that others consider sub-optimal.
This short guide describing some of the ways you can use the Citi ThankYou points (TYP). TYP has been a Citi incentive program for a long time, and has very messy rules with regards to earning, expiration, transfer, and redemption. For this guide, I am going to focus on the TYPs you earn from currently available products: ThankYou Prestige, ThankYou Premier, and ThankYou Preferred.
If you earn TYP from older products, such as the Citi AmEx cards, Citigold checking account, Citi Forward cards, or other Citi products, the options for redemption in this guide may or may not apply to you. Your best bet is to visit www.ThankYou.com (Portal), login, and see if you can find a particular option.
Note: TYP are worth AT LEAST 1 cent per point! If a particular redemption option gives you less value, you should think about redeeming them in other ways to maximize the value.
Like most convertible points programs, Citi provide you a number of options to use your TYP. This include shopping with with points on the Portal, shop at Amazon, trading them for Gift Cards, booking travel directly on the Portal, transfer to travel partners, cash back, statement credit, and paying Student Loan or Mortgages..

Cash Reward (cash back)

The Cash Reward option allows you to into convert TYP to a check made out to you by Citi. This is a pretty bad redemption option, as Citi will send you a $50 check for 10000 points, valuing the TYP at 0.5 cents each. This mechanism is less flexible than UR points where Chase can just transfer money to your bank account. The valuation is also terrible as compared to UR points, where Chase values them at 1 cent per point.

Statement Credit

The Statement Credit option allows you to into convert TYP into statement credit against your spending in certain categories:
This mechanism is less flexible than UR points where Chase can just transfer money to your bank account. But there are enough categories here that almost everyone can get the full value out of their TYP.
The rate of conversion is 0.75 cent per point. To get a statement $52 for the dinner last night, you can redeem 6933 TYP. This does not seem like a great deal, but maybe a way to spend small lots of TYPs you have in your account that is expiring.

Mortgage payment

Another way to get cash back from TYP is to use it to help pay your mortgage, at the rate of 1 cent per point. If you have a mortgage, you can request Citi to send you a check, with your mortgage lender being the payee. This option is not found easily on the Portal, but does come up when you search rewards for ‘mortgage’. If you have a mortgage, this redemption will give you much higher value than statement credit or Cash Rewards.

Student Loan Rebate

Another way to get cash back from TYP is to use it to help pay your student loan, at the rate of 1 cent per point. If you have a student loan, you can request Citi to send you a check, with your lender being the payee. This option is not found easily on the Portal, but does come up when you search rewards for student loan’. Again, this redemption will give you much higher value than statement credit or Cash Rewards.

Shop with Points

From the TYP Portal, you can shop for merchandise directly. A variety of products are available, from large appliances to computers, sporting good, luggage, etc. You might be able to find a good deal, but a spot check shows that a Oster 16 Speed blender, selling for $41.70 on Amazon, will cost you 7100 TYPs. This is an effective valuation of less than 0.6 cents per point. Again, this is a situation that you really can’t get good value, unless you have some small lot of points that are expiring, and you want to get some value of out them.

Gift Cards

From the Portal, you can shop for gift cards from a large assortment of merchants, including Avis, Bed Bath and Beyond, Best Buy, iTunes, CVS, Macy’s, Lowe’s, etc. the conversion rate seems to maintain the 1 cent per point valuation for the ones I checked, so a $25 iTunes Gift card will cost 2500 points. Double check the particular gift card to make sure the valuation is consistent.

Shopping with Points at Amazon

TYP offers you the option to shop with points at Amazon. This is only available to you if you have a TYP earning credit card. You first have to link the TYP credit card at Amazon, and then you have the option to pay with TYP at checkout. The reported value for TYP in this case is 0.79 cents per point, which makes this a less than desirable way to use your TYPs.

Booking Travel Through ThankYou Portal

The Citi ThankYou Portal also allows you to book Flights, Cruises, Hotels, Cars, and even Activities using your TYPs. The actual value you will get is complicated, depending on which Citi TYP card you have.
Citi Prestige
Citi Premier
If you only have the Citi TYP Preferred, you do not get any bonus multiplier, and will only get 1 cent per point when redeemed against travel.
The best value using TYP here, is having a Citi Prestige, and use the TYPs to book travel on AA. The 53,000 TYPs you get for signing up for the Prestige will buy you $848 worth of AA flights.
The odd thing on these values, is that while Citi Prestige offers you better value when redeeming for flights, when redeeming for rental car or hotel, you are better off using the 1.25 cents valuation on the Premier.
There are advantages using the TYP Portal to book travel. First of all, you are basically booking through an Online Travel Agent. If you book a flight, it is as if you paid cash for the flight. You don’t have to worry about award seat availability, and you will earn more miles for the flight. You can also redeem for things you normally can't redeem for using airline miles, such as Car Rental or a concert. At a glance, the TYP portal prices seems as competitive as the Chase UR portal for the same flights.

Transferring to Hotel Partners

Citi TYP can only be transferred to Hilton’s HHonors program. 1000 TYPs converts to 1500 HHonors points. This looks like you are getting 50% more value, but is really not that good of a deal. HHonors redemption value runs typically around 0.5 cents per point, unless you are planning to stay at one the few Category 1 or 2 Hilton hotels. Just booking the room directly from the Portal using TYP will probably get you better value.

Transferring to Airline Partners

Citi partners with a number of airlines, and you can transfer TYP into the program for those airlines. When you have miles in an airline program, you now redeem the miles using the airlines award chart. This can lead to some really good values, some awful values, but also a lot of limitations. You have to study various airline award charts to find the best values, and then you also need to find availability of awards.
Unlike Chase UR and American Express MR programs, Citi does not have a solid domestic partner for transfers. Also, these partners award charts don’t really have the sweet spot like the short distance Avios redemption for 4500 Avios. So if you are looking for a domestic flight, redeeming TYP through the Portal is a often a better option. As a matter of fact, if the airfare is low enough, a TYP portal redemption can be cheaper than an Avios, distance based redemption.
Edit: As called out by a couple of folks (Mortgasm and brteacher) You do have the option to transfer to AF for Delta redemptions, and SQ for United redemptions. Both match the basic Savers rate of 12.5k one way in the 48 states.
TYP can be transferred to the following airline partners:
Some sweet spots that are often talked about for partner transfers:
The one thing many churners wish for is for Citi to allow a 1:1 transfer of TYP to AA. Unless that happens, the best use of TYP for domestic travel will probably be the 1.6 cent redemption for AA flights. Unlike other transferrable point programs, the TYP transfer partners don’t enable a lot of premium cabin travels options, except on SQ.
submitted by LumpyLump76 to churning [link] [comments]

Ads for 2017-01-23 (1 / 2)

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news Three men arrested in Sweden after Facebook Live 'gang-rape' Facebook
worldnews President Donald Trump signed an executive order formally withdrawing the United States from the 12-nation Trans-Pacific Partnership trade deal United
todayilearned TIL That According to the United States Supreme Court, Tomatoes are Vegetables United
Jokes Good Joke From Danmark Im Not Good To English So I Use Google Translate Google
Documentaries Krakatoa: The Last Days 2006- a BBC documentary about the eruption based on an observer's firsthand account. BBC
worldnews Why Bill Clinton helped a 33-year-old build a $1bn firm - BBC News BBC
funny My local McDonald's can satisfy all of your cravings.. McDonald's
AskReddit Sean Spicer went on a five-year Twitter war with Dippin' Dots. Which company would you get in a Twitter war with and why? Twitter
videos I fixed some cool retro Sony Walkman speakers in ep005 Sony
gaming I have a Apple Mac mini any suggestions for games I want to download a couple. Apple
todayilearned TIL that Lucy the australopithecus specimen found in 1974 in Ethiopia, was nicknamed after The Beatle's song 'Lucy in the Sky with Diamonds' which was played often in the expedition camp. Sky
mildlyinteresting This Chevron station still bares the Standard Oil name Chevron
mildlyinteresting This Chevron station still bears the Standard Oil name Chevron
pics The 2017 Renault Trezor concept. Renault
nottheonion Farmers in the United States Have Been Feeding Their Cattle Red Skittles United
AskReddit You see that your hometown is on the top of Twitter trends. What happened? Twitter
gaming Could not pick between PS4 and Xbox One Xbox
mildlyinteresting I received a McDonald's Big Mac with no sauce, cheese or lettuce in it... McDonald's
Futurology The Volkswagen Hippie Bus Is Back and Now It's Electric Volkswagen
mildlyinteresting This McDonald's sign doesn't say McDonald's McDonald's
Jokes The President of The United States. United
Art Vernon Roche painting Roche
mildlyinteresting This McDonald's is green with antler chandeliers to match the nearby sporting goods store McDonald's
Showerthoughts Below zero is a lot colder in the United States than it is in Canada. United
AskReddit Donald Trump is now the Emperor of the United Empire of America. What is different? United
AskReddit What is the worst possible sandwich you can make at Subway using actual ingredients from Subway? Subway
todayilearned TIL the Goldman family was awarded OJ Simpson's Rolex in the civil case, only to return it when a jeweler advised it was a $100 fake made in China. The settlement said items that cheap would remain owned by Simpson. Rolex
AskReddit SeriousWhat happened to the FailArmy Youtube account? Youtube
AskReddit Other than the Lego games, what are some good Xbox One games for young kids ages 8 and 7? Xbox
AskReddit Other than the Lego games, what are some good Xbox One games for young kids ages 8 and 7? Lego
worldnews UK leader admits she knew British nuclear missile flew towards United States United
explainlikeimfive ELI5: How are stores like Dollar General able to stay in business despite selling things for a dollar? Dollar General
worldnews Zambian police banned from marrying foreigners - BBC News BBC
worldnews UK leader admits she knew British nuclear missile flew towards United States United
gaming Please help. Friend won an Xbox One during Gamestop's Dishonored 2 Stream three months ago, no response from them since. Xbox
todayilearned TIL that Uber applied for a patent on surge pricing in 2013, but it was denied for being obvious. Uber
Music Kenny Rogers had to sit down at his concert, but the audience stood up to applaud him Rogers
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