The uberization of senior services is all the rage. You can download an app and order up a home visit from a doctor. You can get home delivered groceries or prepared foods. And, of course, you can get a ride.
While these services were designed primarily for the young and overworked, there are real potential benefits for older adults and others with disabilities. The most obvious: They have the potential to deliver critical supports to people with mobility issues.
Community volunteer coordinators will tell you that rides (often to the doctor or a grocery store) are by far their most requested service. And reliable rides can sometimes be the difference between remaining at home and having to move to facility-based care. They can be especially helpful where adult children are juggling their own busy schedules with the needs of their frail parents. No time to take mom shopping? Now you have options.
best investments: Mead Johnson Nutritio n Company(MJN)
- [By WWW.THESTREET.COM]
The group agreed to sell its food business to McCormick & Company Inc. (MKC) last week for $4.2 billion. Reckitt said it would use the sale proceeds to reduce debt, which grew by $21 billion through a pair of financing transactions in March led by Bank of America Merrill Lynch, Deutsche Bank and HSBC in order to fund its $18 billion acquisition of infant nutrition group Mead Johnson (MJN) earlier this year.
- [By Michael Flannelly]
On Tuesday, JP Morgan analysts upgraded children’s nutrition company Mead Johnson Nutrition (MJN), as they believe the company’s top line growth should be valued more highly than the possible cost headwinds and further Chinese regulations.
The analysts upgraded MJN from “Neutral” to “Overweight” and see shares reaching $88. This price target suggests a 16% upside to the stock’s Monday closing price of $76.11.
Mead Johnson Nutrition shares were up 85 cents, or 1.12%, during morning trading on Tuesday. The stock is up 16.71% year-to-date.
best investments: Firsthand Technology Value Fund, Inc.(SVVC)
- [By Hibah Yousuf]
Similarly, Twitter is also the biggest holding in the Firsthand Technology Value Fund (SVVC). With just over 1 million shares of the social media platform, Twitter represents nearly 11% of the total portfolio as of mid-year. Shares of Firsthand Technology Value jumped more than 6% Friday.
best investments: Tencent Holdings Ltd (700)
- [By Belinda Cao]
Sohu.com Inc. (SOHU), which sold a stake in its search unit to Tencent Holdings Ltd. (700), advanced 11 percent for the week to $72.06. It retreated 5.9 percent Sept. 20. Tencent, Chinas biggest Internet company by market value, paid $448 million for a 36.5 percent stake in Sohus Sogou unit last week and merge its own search service with Sogou.
best investments: Ryder System Inc.(R)
- [By Ben Levisohn]
Ryder System (R) tumbled to the bottom of the S&P 500 today after it missed earnings forecasts and cut its full-year guidance.
Ryder Systemdropped 14% to $68.28 today, while the S&P 500 0.6% to 2,388.61
Ryder Systems reported a profit of 82 cents a share, missing forecasts for 84 cents, on sales of $1.75 billion, ahead of forecasts for $1.7 billion. Ryder cut its 2017 guidance to a range of $4.25 to $4.55, below the Street consensus for $5.17.
Ryder System’s market capitalization fell to $3.7 billion today from $4.2 billion yesterday.