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Suspect led chase, crashed into patrol car before police fired at Red Rock, NHP says | New

LAS VEGAS (FOX5) – A suspect crashed into a patrol car during a pursuit in Red Rock Canyon and through its scenic loop before police shot and arrested him on November 11.

The suspect, Erik Legried, 29, is charged with assaulting a protected person with a deadly weapon, resisting a public official and damaging state property.

According to a pre-recorded Nevada Highway Patrol briefing on Wednesday, Legried used a 2021 Toyota Tacoma to lead soldiers and a Bureau of Land Management ranger in a State Route 159 chase that ended in a crash car and a shootout in the parking lot of the Red Rock Visitor Center.

BLM Ranger Christopher Allen, 49, NHP Trooper Anthony Hernandez, 31, and NHP Trooper Marcus McFadden have been identified as the officers who unloaded their weapons in the incident. Private Martin Mleczko provided a timeline of events that day, which began with a phone call from the suspect’s mother to the Las Vegas Metropolitan Police, according to NHP.

The incident began with a call to LVMPD at around 5:56 a.m. regarding a suicide attempt at the Red Rock Campground. The caller said his son was planning to kill himself or run headlong into traffic to kill himself, Mleczko said.

At approximately 6:27 a.m., Ranger Allen located Legried’s truck recklessly driving through the campground, knocking over fence posts. When an LVMPD officer asked Legried to get out of the car, he sped off and headed east on Charleston, turned around at Sky Vista and returned to the visitor center, according to Mleczko.

At the entrance to Scenic Loop Drive, Legried again did not follow the verbal commands to get out of the car. After about five minutes at the entrance, Legried entered the park, Mleczko said.

Officers attempted to block Legried in the visitor center parking lot, in which case he crashed into Allen’s squad car. Shortly thereafter, Legried was struck by gunfire from a highway patroller, according to NHP.

“Private Hernandez followed Legried to the lower level parking lot, where he collided with Legried in an attempt to stop him. Legried then accelerated his vehicle towards another road patrol vehicle that had arrived, where gunshots were fired. then been fired, “Mleczko said.

Legried then made his way to the parking lot of the mid-level visitor’s center, where his vehicle pulled up and police pulled him out of it, according to NHP.

The briefing with the dashboard and body-worn camera video is available below.

CONTENT WARNING: This video may contain images from a shot that some viewers may find disturbing.

Copyright 2021 KVVU (KVVU Broadcasting Corporation). All rights reserved.


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Here is the latest Iowa news from The Associated Press at 1:40 am CST | Minnesota News

DES MOINES, Iowa (AP) – A new state audit report on government spending accuses Iowa Governor Kim Reynolds of using nearly $ 450,000 in federal coronavirus relief funds to pay off the salaries of 21 staff members for three months last year and cover up expenses by going through the Iowa Department of Homeland Security and Emergency Management. State auditor Rob Sand said a review of the state’s payroll system shows the money was used to pay staff in the governor’s office, but it’s unclear why she had to take federal money to pay salaries and why the funds were not initially in its budget. Reynolds’ office responded on Monday saying she was working to provide federal officials with the documentation needed to approve the funds.

DES MOINES, Iowa (AP) – Officials in Des Moines say a woman has died in a house fire. The fire was reported Sunday night by a neighbor in a residential area between the city’s Union Park and Fairmont Park neighborhoods. Arriving firefighters learned that a man and his mother were in the house when the fire broke out. The man managed to escape but told firefighters his mother was trapped inside. Firefighters were hampered by the flames, but found the woman about 20 minutes later inside the burning house. She did not survive. Authorities have not released the woman’s name. Investigators later said a heater was found in the basement of the house surrounded by blankets and could have been the cause of the fire.

SPIRIT LAKE, Iowa (AP) – The Iowa State Patrol said a Minnesota woman and her 1-year-old baby died in an accident in northwest Iowa that also injured four other people, including the woman’s two other children. The accident happened late Saturday morning at an intersection northeast of Spirit Lake. A patrol investigation revealed that an eastbound car driven by Mariah Nelson, 29, of Jackson, Minnesota, passed a stop sign and collided with a southbound pickup truck driven by Allen Weinzetl, 63, also from Jackson, Minnesota. The KTIV television channel reports that Nelson and his one-year-old son, Symere Williams, died in the crash. Nelson’s daughters, aged 5 and 6, were rushed to hospital with serious injuries. Weinzetl and his passenger, Teresa Chonko, 58, were also injured and taken to hospital.

DES MOINES, Iowa (AP) – Des Moines police have identified an 18-year-old man killed in a shooting Sunday morning. Police said Monday that Dean Titus Deng of Des Moines died in the shooting, which also injured another man. Police did not identify the second man. Police responded to a report of a shooting around 4 a.m. Sunday and found a man in a car. He was rushed to hospital, where he died. The other man was in good condition in a hospital. This was the 12th homicide in Des Moines in 2021.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Car park management

The parking lot fund would be “corrupt”: investigation | Newcastle Herald

news, national

Deploying $ 4 billion congestion reduction fund ‘would amount to corruption’ if a federal integrity commission existed, former NSW auditor general said in an investigation of the Senate. Tony Harris is convinced that the controversial plan to fund suburban parking lots in marginal seats amounted to a misuse of power. “If we had an independent commission against (federal) corruption, it would amount to corruption, I’m quite convinced,” he told the inquiry on Thursday. The Senate committee is examining how the government decides which projects to fund following a scathing audit of the $ 660 million commuter parking system ahead of the 2019 election. “It’s like (the government) saying,” If you live in a Labor electorate, you deserve no parking because you vote Labor, “” Mr Harris said. The Australian National Audit Office found that nearly 50 car parks had been selected by the government following nominations of MPs and candidates. But a revelation in the Senate investigation raised concerns that the entire $ 4 billion fund has been politicized, as opposed to the $ 660 million just examined by the audit. Deputy Auditor General Brian Boyd revealed that his department discovered members of government were being asked to submit projects under the larger Urban Congestion Fund, which were tied to their parking lot proposals. “We can see it was the same process used, but what we didn’t do was look at the details of that and how it was applied to the (part) non-car parking lot,” did he declare. The president of the Center for Public Integrity and former judge Anthony Whealy have raised concerns that the fund could be misappropriated in the next federal election due to the government’s blasé reception of the report. audit. A lack of oversight – especially over the ministerial code that required ministers to act in the public interest and with integrity – meant there had been no consequences for conduct violations, Mr Whealy said . “We were all horrified by what we read (in the report),” he said. Infrastructure Minister Paul Fletcher was not responsible when he said the grants were all merit-based and necessary, argued Whealy. “If you’re in government and you can get away with it, why wouldn’t you do it? You could win an election because of it,” he said. Getting the code to be enforced by the Prime Minister was a real flaw in the integrity system. “The ministerial code really does not work as it should (…) because no one can apply it independently and effectively,” he said. When the audit report was released in June, Fletcher said all government investment decisions were made “on the basis of an identified need in the community”. They also took into account “total government investments in each city” and money already allocated by a state or local government. The minister launched a review in December 2020 when he took over the portfolio, which led the ministry to increase the frequency and quality of reporting, and improve data management and project tracking. Associated Australian Press

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Seismic survey rates New Plymouth’s largest mall to be less than 20% of new construction standard

A seismic assessment of the Center City Mall in New Plymouth rated it below 20 percent of new building standards, prompting at least one tenant to leave.

Vodafone has confirmed it will be leaving the city’s largest mall on Sunday due to the seismic rating, while the Spark store closed abruptly last week with inventory still on the shelves.

The Spark store at Center City Mall in New Plymouth closed last week.

Matt Rilkoff / Stuff

The Spark store at Center City Mall in New Plymouth closed last week.

On Tuesday, a representative for Spark said it had temporarily closed the store while they assessed “the suitability of the premises.” The company has closed stores in the past following seismic assessments that did not meet its own specific standards.

In a written statement from Center City, manager Steve Ellingford said the mall was undergoing a voluntary seismic survey of the building with support from outside consultants.

READ MORE:
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* Review initiated in hotel building earthquake assessment

The statement came weeks after questions were asked of mall owners about the integrity of their building.

Downtown is currently undergoing a seismic risk assessment.

VANESSA LAURIE / Tips

Downtown is currently undergoing a seismic risk assessment.

“The review includes a Detailed Seismic Assessment (DSA) completed under the New Building Standard (NBS). The overall rating for Center City is less than 20% NBS, ”he said.

The statement said the center was still in the early stages of the review and was working on a program to improve the grade.

“In the meantime, the center has an ongoing construction mandate and complies with the requirements of the 2004 Building Act.

The multi-story Center City shopping mall in New Plymouth opened in 1988 and is home to more than 50 stores.

VANESSA LAURIE / Tips

The multi-story Center City shopping mall in New Plymouth opened in 1988 and is home to more than 50 stores.

“The continued safety and security of our staff, tenants and our community remains a priority, and we remain committed to ensuring that their needs are met now and in the future,” he said.

As the review was underway, Center City was unable to provide further details.

On Monday, Vodafone spokesman Nicky Preston said that according to his seismic policy, he would close his downtown store on Sunday, November 14.

Citing the health and safety of its customers and staff as the “highest priority,” Preston said the company hoped to move to a new location in New Plymouth as soon as possible, and that an online chat and telephone support would be available in the interim.

Another store manager declined to comment when contacted and alleged that downtown management told him not to speak to the media.

Farmers and the Hallensteins Glassons group were also approached to see what impact, if any, the seismic survey would have on their rentals. The two have yet to respond.

Center City offers hundreds of parking lots in the New Plymouth CBD.

SIMON O’CONNOR / Tips

Center City offers hundreds of parking lots in the New Plymouth CBD.

In addition to retail stores and a food court, the busy mall has several floors of parking, which reaches capacity over Christmas.

The hundreds of parks have offered shoppers a downtown alternative since the city’s downtown parking lot closed last year after it was assessed as an earthquake risk.

The New Plymouth town center parking lot on Powderham St was closed in December 2020 due to the risk of an earthquake.  (Photo file)

Simon O’Connor / Tips

The New Plymouth town center parking lot on Powderham St was closed in December 2020 due to the risk of an earthquake. (File photo)

When the owner of the parking lot, the New Plymouth District Council (NPDC), announced the decision, it said its report classified the building as “high risk” with an NBS rating of 20-34%.

A spokesperson for the NPDC said it had not yet received any information regarding the downtown earthquake risk assessment, but if the findings indicated it was earthquake-prone, action would be taken.

This would involve a sign being placed on the building advising of its earthquake prone status and then the clock would start ticking regarding the remediation timeframe.

The premises would also be listed on a national register of buildings prone to earthquakes, he said.

To assess whether a building is prone to earthquakes, its resistance to a new structure is taken into account if it was built in the same location.

The risks posed to public and other property in the event of a building collapse during an earthquake are also taken into account.

Two rating categories – 0 to 20% or 20 to 34% – result in the application of an earthquake prone building status, after which the building owner has up to 25 years to complete the required repair work. .

Over the past four years, a number of buildings in Taranaki have been declared earthquake-prone following a seismic assessment.

The East Stand at Yarrow Stadium was demolished following a seismic assessment that found it prone to earthquakes.

SIMON O’CONNOR / Tips

The East Stand at Yarrow Stadium was demolished following a seismic assessment that found it prone to earthquakes.

In a few months between 2017 and 2018, the two stands at Yarrow Stadium in New Plymouth were deemed earthquake-prone, and later deemed too expensive to repair.

Instead, one has been demolished and the other is almost completely rebuilt at a cost of $ 50 million.

In 2018, four buildings, including the maternity ward, of the Taranaki Base Hospital were found to be earthquake-prone after being examined by three engineering companies.

Taranaki DHB chief executive Rosemary Clements said the buildings can still be occupied, but the issues are expected to be resolved within 12.5 years.

“The good news for the Taranaki community is that Taranaki DHB works much faster than that,” she said at the time.

Buildings classified as earthquake prone are more likely to suffer damage from a moderate earthquake and there would be a higher risk to personnel and public safety.

To assess whether a building is prone to earthquakes, its resistance to a new structure is taken into account if it was built in the same location.

The Center City shopping complex opened in 1988 and has a backdrop of the ocean and stunning views of the Coastal Walk.

The risks posed to public and other property in the event of a building collapse during an earthquake are also taken into account.

-This story has been updated to attribute Center City’s statement to its manager Steve Ellingford.


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Car park management

Buyers left in anger after Tesla with dead battery stranded them – News

Drivers were furious after a Tesla ran out of battery on a ramp to the parking lot and blocked the parking lot of Britain’s largest shopping center.

The parking lot at London’s Westfield shopping center was reportedly blocked for three hours.

A Westfield spokesperson said “a customer’s Tesla vehicle broke down on the car park entrance ramp around 6 p.m. due to an empty battery. The Westfield London car park team helped the broken down vehicle and guided 10 vehicles that were behind the Tesla around it. Tesla parking assistance then arrived on site to take charge of the broken down vehicle. “

Shoppers took to Reddit to voice their frustrations, with a user named Henry throwing the thread: “Perfect, a Tesla ran out of battery and pulled up at the ramp to a 5-story parking lot in Westfield. It’s been three hours and counting. “

One user wrote: “I know scope anxiety is one thing, but there is no excuse for it.”

Another replied: “Considering the huge range of these cars, there really is no excuse for this.”

And a third person commented: “3 o’clock and Westfield management haven’t found a way to tow it off the ramp? It’s in their best interests to keep the traffic flowing.”

Henry responded to this comment with: “The Tesla is completely dead and it’s in parking mode. The management team is scolding about their solution and basically there is nothing they can do. In the end all the cars are gone. inverted from a 5 story. [sic] winding ramp. Fabulous day. “


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Salem’s micro-shelter “a life-changing for sure”

Micro shelters showing early signs of success

SALEM, Ore. (KOIN) – Heather Shields recently had medical issues – diabetes and mental health issues – that left her and her son stranded, sleeping in her car in Salem.

She showed up at a micro-shelter on NE Portland Road in Salem “crying. And they showed me what to do,” Shields told KOIN 6 News.

This micro-shelter, not even fully built yet, has only been operational for about a month, but 4 families have already made the transition to permanent housing.

Some of Salem’s micro-shelters in northeast Salem, November 5, 2021 (KOIN)

Shields said the 2 beds, a table and a secure door that locks go a long way.

“They are simple but they are comfortable,” she says. “It helped me. It took me 30 days not to be in a homeless shelter. Otherwise I would have been lost. I didn’t know what to do.

This stability, support and security helped her get into an apartment.

These micro-shelters have been hotly debated in Salem, but they are showing some early signs of success. Earlier this week, a proposed site in West Salem failed, after a feasibility study found the property to be a wetland.

Pastor Josh Erickson of the Park Church is a leader in the micro-shelter community. He said you can’t underestimate the power of low barrier housing.

Pastor Josh Erickson of Church of the Park is a supporter of micro-shelters in Salem, November 5, 2021 (KOIN)

“Just being able to provide safe shelter, being able to provide a locked door and case management – how many people are able to find work – to become stable enough or to be able to leave their things to actually be able to find accommodation, ”Erickson said.

After going through hell and back, Heather Shields is now reunited with her son Jamie.

“This (micro-shelter) was amazing,” she said. “It was a life changing for sure.”

Micro shelters cost around $ 5,000 each and $ 1,600 per person per month. This works out to $ 96,000 per month, assuming the community has 60 guests. This includes case management, navigation services, food and staff.


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Manhattan Valley: an accessible neighborhood near Central Park

The people of Manhattan Valley have always “protected each other,” said Peter Arndtsen, a longtime resident who manages the Columbus Amsterdam Business Improvement District. “People are pretty forgiving and able to get by with things.”

With the pandemic, “a lot of stores have closed. It’s a problem, ”said Robert Friedman, broker-owner of RC Realty Group of New York and CEO of a property management company. But with some residents who have left and are returning now and more activity in local restaurants, “people are feeling better in the area again,” he said.

Jim Mackin, a historian who runs local tours, also believes things are improving. “We have opened more than half a dozen restaurants in the past year,” he said, serving Japanese, Vietnamese, Middle Eastern and other dishes.

Manhattan Valley schools include PS 165 Robert E. Simon, on West 109th Street. Her 2020-21 registration was 397 from preschool to fifth grade. In 2018-19, 49% of students met state standards in English, compared to 48% citywide; 54 percent met math standards, compared to 50 percent citywide.

PS 145, Bloomingdale School, on West 105th Street, has approximately 393 students from junior kindergarten to fifth grade. In 2018-2019, 19% met state standards in English and 18% met state standards in mathematics.

PS 163 Alfred E. Smith on West 97th Street has 488 students in Kindergarten to Grade 5. In 2018-19, 61% of students met state standards in English and 64% met standards in math.


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After several pitfalls, Metra innovates on the long-awaited Peterson / Ridge station – streetsblog Chicago

Yesterday, Metra elected officials and staff inaugurated the long-awaited new Peterson / Ridge station on the Union Pacific North line. The new stop will be located on the border of West Ridge, Lincoln Square and Edgewater, and between the number one UP-N station, Ravenswood, and the fifth most used station, Rogers Park.

According to a Métra press release, the $ 19 million project, which is expected to take about 18 months, includes two six-car platforms; ADA-compliant heated concrete stairs and ramps; a glass and masonry boiler room with side canopies and a metal roof; two shelters with heating on demand; an access road with a cul-de-sac turnaround and ADA pick-up / drop-off; five ADA parking spaces and 44 paid parking spaces along Ravenswood Avenue; bicycle parking; a small pedestrian square with landscaping and irrigation system; and reworked traffic lights for the entrance to the station. Additional renovations of $ 3 million will be spent on the Peterson Avenue and Ridge Avenue bridges.

Rendering of the new station.
Rendering of the new station.

The work is being funded in part by a $ 15 million grant from the Illinois Department of Commerce and Economic Opportunities, a component of Rebuild Illinois, the state’s infrastructure finance program. Federal Transit Administration funding will cover the remaining $ 7 million in work. About 150 jobs will be created during the project.

Cook County President Toni Preckwinkle said in a statement that the new station will improve transportation fairness by providing residents with another transportation option and increasing their access to goods and services. “Building filling stations like Peterson-Ridge is a great opportunity to give more of our county residents convenient access to public transportation, helping them get to work, school and play, which strengthens our neighborhoods and supports the region’s economy. “

At the ceremony, current and former elected officials spoke about more than a decade of community advocacy for a Metra station in the region. F40th Ward Alderman Patrick O’Connor, who was in post during the early stages of the project, told Streetsblog that the process of opening the station was like a long birth. “It has been a long and difficult process, and I’m happy it’s over, and I’m happy to see this happening for the community.”

Plans for the station were announced in 2012, but construction has been delayed due to state budget issues affecting funding and, more recently, problems with permits. TThe Chicago Department of Water Management has refused permits over fears that the station’s permeable pavement, designed to reduce flooding, will interfere with existing sewers.

Current 40th Ward Alderman Andre Vasquez said that, based on his experience working for AT&T, he brought several stakeholders together on a single email channel and kept asking what each party could do to solve the problem, trying to solve every problem and bureaucratic obstacle. as quickly as possible. Although the design had to be changed, the current design still has permeable characteristics.

A train exiting the Union Pacific North Line passes the site of the future Peterson / Ridge station.  Photo: Igor Studenkov
A train exiting the Union Pacific North Line passes the site of the future Peterson / Ridge station. Photo: Igor Studenkov

Vasquez added that he sees the Metra station as a way to have more transit-oriented development in some of the adjacent streets nearby and along Clark Street, which is about half a mile to the east, and bring more foot traffic to local businesses. “[The new station] offers opportunities for economic development and investment.

Warden for the 48th Ward, Harry Osterman, said that once the station is finished, “Edgewater will have some of the best public transport in the city.” He added that he sees the Metra station as a way to reduce through traffic in the Edgewater area, as it should help replace some car trips with transit trips.

While this station is unlikely to significantly reduce traffic and congestion, it is a good way to expand access to the Metra service and provide a car-free way to explore the city and region.


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Car park management

Service calls: police and sheriff records

Service calls to the Park City Police Department (PCPD) and Summit County Sheriff’s Department (SCSD) for the week of October 25-31.

MONDAY:

PCPD – A car owner reported that his 2007 BMW 530I was stolen last week from Comstock & Little Bessie. The vehicle had been parked in the area and the owner noticed this evening that it was missing

SCSD – MPs were dispatched to an ongoing car theft in Francis and in an attempt to contact the suspect he ran away. Extensive research was conducted, including other units of the agency and a drone from the sheriff’s office. The suspect, a Park City man in his 20s, was located hidden in the bushes / trees by the drone and the suspect was taken into custody without incident. The suspect was taken to jail for charge. Kamas police, soldiers from the Utah Highway Patrol (UHP) and the Department of Natural Resources (DNR) provided assistance.

TUESDAY:

PCPD – After a Walmart customer left her car unlocked and had personal items removed, the deputy learned there was an Apple Airtag in a missing backpack, which showed movement around Kimball Junction, then in the Salt Lake Valley.

WEDNESDAY:

PCPD – Officers assisted UHP on a stolen vehicle with several fleeing minors inside. The vehicle was stopped but then fled past the officer, only to be located shortly after. A few occupants ran but were quickly apprehended.

SCSD – A complainant has reported that an unknown suspect contacted him by cell phone posing as an executive at the Park City company he works for. The unknown suspect asked the complainant to buy 16 Google gift cards at $ 200 each ($ 3,200 in total) and they texted him the gift card numbers.

PCPD – A mountain bike has been caught in Shadow Ridge condominiums.

THURSDAY:

PCPD – Officers responded to a drunk / passed out man on Main Street. Officers located the man and had him evaluated by emergency medical services (EMS). He refused medical treatment and obtained transportation from a friend in the area.

FRIDAY:

PCPD – Officers have located a drunken man on Main Street. After the man was medically cleared, he was jailed for intoxication.

SCSD – At Walmart, a vehicle owner locked his keys in the car with his girlfriend outside with him. MPs conducted a file check of people who indicated the two had out-of-county arrest warrants. There was a pipe in plain view inside the vehicle. Several packets of needles and approximately 5 grams of heroin were in the vehicle. Both parties were sentenced to prison.

PCPD – Officers gave small blankets to a group of women who said they did not have blankets or heaters in their rental in Shadow Ridge. They said they would continue to try to contact the tenant and / or management.

SATURDAY: no incident

SUNDAY:

PCPD – Officers made contact with an elderly woman who was parked by the side of the road on Kearns BLVD. and Park Ave. The officer recognized signs of possible dementia and contacted her family who responded from Evanston and came to pick her up.


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3 best stocks I plan to buy in November

Wn October now in the books, 2021 is fast approaching and it’s time for investors to start thinking about November, another historically strong month for the stock market. Since 1950, the S&P 500 the index posted its best returns on average in November. In order to help you come up with some great action ideas for November, a trio of Motley Fool contributors have picked out some of their top names for the month. Their three choices are Free Mercado (NASDAQ: MELI), Activision Blizzard (NASDAQ: ATVI), and SVB Financial Group (NASDAQ: SIVB). Let’s see why these actions are winning.

Latin America’s # 1 Ecommerce Platform Still in High Growth Mode

Nicolas rossolillo (MercadoLibre): MercadoLibre hit one out of the park during the pandemic, and its follow-up performance for 2021 is also quite good. The company has helped launch e-commerce and fintech in Latin America, and with online shopping activity still a tiny fraction of overall retail in most of the countries in which it operates, the trail ahead of MercadoLibre is always wide and long.

The results of the last quarter are a good example. Even though it experienced a boom in business on its platform last year, revenue doubled year over year through the first half of 2021. Net profit is stable, but c This is largely by design as the company is investing heavily to expand its services in the upper- and future regions in which it operates.

His efforts are really paying off on this front. Unique active MercadoLibre users totaled up to 75.9 million at the end of June, compared to just 51.5 million during the same period in 2020. And the total volume of payments through MercadoPago – the fintech division which caters to the large part of the population who do not use the traditional banking system – increased by 72% when measured in local currency. quarter on November 4, which implies an expected increase of 68% year-over-year.

With such epic numbers, one would expect the stock to be up so far in 2021. It is not. In fact, it’s down 9% year-to-date. Part of this is simply an unwinding of over-optimism after MercadoLibre stock exploded 193% more in 2020. But this leading e-commerce and fintech platform is far from being finished. With stocks down 24% from historic highs, I plan to make a buy in November.

Image source: Getty Images.

Worth playing the long game with this stock

Keith noonan (Activision Blizzard): Despite strong recent performance and an attractive pipeline of upcoming stocks, Activision Blizzard’s stock price is down around 15% year-to-date. 2021 has been a difficult time for year-over-year comparisons, and the game industry The leader’s assessment was also pulled down by narrowing growth opportunities for games advertising. A sexual harassment lawsuit filed by the state of California in July also raised significant concerns about certain aspects of the company’s culture.

Without minimizing the stakes and challenges ahead, I believe the video game publisher remains a major player for investors looking to take advantage of the global growth of its industry, and I plan to strengthen my position in November. Activision Blizzard has scored huge wins with its free-to-play Call of Duty: Mobile for smartphones and tablets, and its Call of Duty: War Zone title for PC and console platforms. These games have proven to be extremely popular and have generated solid revenue without diluting the appeal of the main series, and there’s a good chance the company can replicate that dynamic with other franchise properties in its stable.

Investors may not have to wait long for its next big free-to-play hit. Activision Blizzard unveiled Diablo: Immortal for mobile platforms at its BlizzCon 2018 conference, and the game originally seemed on track for a 2019 release. However, the company has repeatedly extended the development cycle in order to improve quality title and add new content to better meet fans’ expectations. The publisher hasn’t announced a specific release date for the game, but it is set to debut in the first half of next year.

Yes Diablo: Immortal proves to be a success, it could boost the performance of Activision Blizzard. And, even if the game does not reach blockbuster status, the company’s long-term prospects remain bright. Activision Blizzard is a clear leader in its category with decades of gaming experience, and the title looks set to continue delivering earnings to shareholders.

This bank is a beast

Bram berkowitz (SVB Financial Group): I have yet to buy shares of SVB Financial Group, the parent company of Silicon Valley Bank, due to the bank’s high valuation and impressive share price appreciation over the past year. But after another impressive quarter and some great advice through to 2022, I’m finally thinking about pulling the trigger in November.

SVB is a niche bank that caters to start-up, venture capital (VC) and private equity (PE) communities. The bank provides short-term loans to venture capital and private equity firms so that they can make investments quickly; banks in the start-up phase which could one day be taken over or become public; has a growing investment bank leveraging the bank’s relationships in technology, life sciences and healthcare; and also provides more traditional banking products to high net worth individuals. SVB recent acquisition of Boston Private Financial Holdings strengthened its wealth management and private banking offerings, while SVB also doubled the size of its investment banking division in 2021.

With a full line of products in place to serve and fully penetrate its customer base, which is growing every quarter, the bank has a ton of momentum. SVB has doubled its balance sheet in the past year and now has around $ 191 billion in total assets, as private market investment explodes. If SVB maintains this growth, it could become one of the top 10 banks in the country in terms of asset size over the next few years. It also complements this impressive growth with impressive profitability. In the first nine months of 2021, SVB generated a return of almost 1% on average assets, which is quite impressive considering the insane growth of the bank’s assets. SVB during the same period generated a return of 19.4% on average equity.

Management’s forecast for 2022 looks very promising, with average loan growth expected to be in the order of 20% and average deposits expected to grow by more than an additional 40%. Net interest income, the money the bank earns on loans and securities after covering its cost of financing, is expected to rise within the average range of 30%, while base commission income is expected to rise by 20%. %. Management has also provided compelling long-term guidance, saying that in a low interest rate environment, where the fed funds rate is between zero and 2.5%, they believe they can generate a consistent return on equity. by 15% and increase annual earnings per share. by 10%.

10 stocks we like better than MercadoLibre
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They have just revealed what they believe to be the ten best stocks investors to buy now … and MercadoLibre was not one of them! That’s right – they think these 10 stocks are even better buys.

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SVB Financial provides banking and credit services to The Motley Fool. Bram berkowitz has no position in any of the stocks mentioned. Keith noonan owns shares of Activision Blizzard. Nicolas rossolillo has no position in any of the stocks mentioned. The Motley Fool owns shares and recommends Activision Blizzard, MercadoLibre and SVB Financial Group. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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