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  • Drone Delivery Systems and FlytBase Partnership to Yield Leading-Edge Tech for Drone-Based Precision Delivery

    Drone Delivery Systems and FlytBase Partnership to Yield Leading-Edge Tech for Drone-Based Precision Delivery

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    Drone Delivery Systems and FlytBase have just announced a partnership for development of a precision landing kit, compatible with any delivery drone, to allow for secure and precise drone delivery to AirBox Home.

    AirBox is the world’s first smart drone delivery mailbox. Today, drones are readily being used to make deliveries in the medical sector, consumer sector, and more, but they remain not secure for senders and recipients. With secure and precise landing, operations can be scaled with diminished thefts or damages.

    According to Brandon Pargoe, creator of AirBox Technology, “With the combined FlytBase precision landing technology, and our new AirBox Kits, any drone can now deliver to AirBox Home. This new innovation will create a drone agnostic platform for last-mile secure package deliveries to AirBox Home.”

    FlytBase is the world’s first Internet of Drones platform for commercial drone applications.

    Precision landing based on GPS, IR, or RTK-GPS is complicated and not always reliable. FlytDock precision landing kit makes use of a down facing miniature camera and software. It can hit the mark with a few centimeters, and the drone can align and land itself on-site within this range. It’s being designed as a plug-and-play solution to incorporate into any drone platform.

    FlytDock works day or night and on both ground-level and elevated platforms. Powered by FlytOS, this leading-edge, intelligent plugin uses computer vision techniques and dedicated landing algorithms to align, approach, and land the multirotor on a visual marker (ArUco Tag) on the ground, and the system can be remotely managed and controlled over the internet via 4G/LTE.

    According to Nitin Gupta, CEO at FlytBase, “At FlytBase we are building the core software platform for automating and scaling enterprise drone applications. Precision-landing is an essential component for the success of several such autonomous deployments. With FlytDock, we have been able to assist our partners & customers looking for a robust and reliable solution for precision landing on docking/charging stations, for security, delivery and inspection applications.”

    Through AirBox, users will get secure deliveries, eliminating package theft. Senders and receivers will receive alerts that packages have arrived, thereby further protecting packages from damage and weather conditions. AirBox has the potential to provide secure solutions for the healthcare sector, satisfying HIPAA security and eliminating prescription tampering.

    The post Drone Delivery Systems and FlytBase Partnership to Yield Leading-Edge Tech for Drone-Based Precision Delivery appeared first on DRONEALITY.

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  • Under Armour Earnings Top; Stock Nears Buy Point Despite Weak Guidance

    Under Armour (UAA) reported better-than-expected fourth-quarter earnings and sales early Tuesday, but the athletic apparel giant gave weak revenue guidance for the current quarter. After opening lower, Under Armour stock reversed higher to near a buy point.


    Under Armour Earnings

    Estimates: Analysts expected Under Armour earnings per share of four cents, while it broke even last year. Revenue was seen climbing 7% to $1.38 billion according to Zacks Investment Research.

    Results: Under Armour earnings rose to 9 cents a share. Revenue came in at $1.39 billion. North America sales fell 6% while international sales jumped 24%. Gross margin of 45.1% topped views. Inventory sank 12% to the lowest in almost two years.

    Outlook: Under Armour reiterated its 2019 financial targets from December, predicting 3%-4% revenue growth and EPS of 31-33 cents. But Under Armour sees Q1 revenue flat to slightly down vs. estimates for a 2% gain. It expects North America revenue to fall in the mid-single digit range.

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    Under Armour Stock

    Shares, fell fell as low as 19.75 soon after the stock market open, rose 1.8% to 21.17 Under Armour stock is in a 10-week cup-with-handle base, MarketSmith analysis shows. However it has been struggling for momentum, with the relative strength line rangebound for more than six months. Shares are still well below their all-time high of 2015, just under the 53 price level.

    A positive sign for Under Armour stock is the fact it is trading above its 50- and 200-day moving averages. The price was also up in above average volume last week, another bullish indicator.

    Under Armour stock does not qualify as a CAN SLIM stock. It currently has poor fundamentals, which is why its IBD Composite Rating is a lowly 36. The IBD Stock Checkup Tool shows its all-important Earnings Per Share Rating of 23 is well deserved, as it boasts a three year EPS growth rate of -35%. Sales growth is also lagging, increasing by just 10% over the past three years.

    Among rival stocks Nike (NKE) rose 0.6%, with the Dow Jones component still in a buy zone. Adidas (ADDYY) was up 0.95. Skechers (SKX) fell 0.1%.

    Lululemon Athletica (LULU) jumped 2.7% to 153.62, clearing a 152.91 cup-with-handle buy point.

    Analyst Cautious On Under Armour Stock

    Wedbush Securities analyst Christopher Svezia rated Under Armour stock as neutral with a 20 target heading into earnings but warned it faces challenges at home.

    “It seems that there is a meaningful hill to climb to reestablish brand heat in North America, especially given consolidation in the retail market against much stronger peers than 2-3 years ago (Nike, adidas, Puma, Vans, Champion, and more),” Svezia said in a research note. “Valuation also appears more than fair at current levels  while the company is only in the early innings of a turn-around.”


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    The post Under Armour Earnings Top; Stock Nears Buy Point Despite Weak Guidance appeared first on Investor's Business Daily.

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