
Plan for 3 new towers near downtown Austin approved
El Paso-based Hunt Companies has secured the zoning it needs to build three high-rises across the river from downtown Austin. Read more about the skyline-changing plans in this report, which includes a list of Austin-area construction companies.

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Forbes
41 minutes ago
- Forbes
Is Lululemon A Bargain At $230?
AUSTIN, TEXAS - JUNE 17: A Lululemon retail store is seen in the Barton Creek Square mall on June ... More 17, 2025 in Austin, Texas. Retail sales declined 0.9% in May according to a recent report conducted by the U.S. Commerce Department. (Photo by) Lululemon stock (NASDAQ: LULU) has lost 30% since announcing Q1 2025 earnings and is currently priced at approximately $229, a 40% drop year-to-date, significantly trailing the S&P 500's 2% increase. However, this selloff appears to be driven more by sentiment rather than being fundamentally warranted. The company reported strong results: revenue increased by 7% to $2.37 billion, and EPS grew by 2% year-over-year to $2.60, slightly surpassing expectations. Nevertheless, investors were focused on a modest 1% same-store sales increase and a reduced full-year forecast, partly affected by tariff concerns. Even so, Lululemon's strong financial health indicates that the market may be overreacting. For a brand often seen as premium, Lululemon stock is now behaving like a value stock. With a trailing earnings multiple of just 15x, it trades substantially below both its historical average and the broader market's 27x. Its 21x price-to-free-cash-flow ratio is only marginally above the S&P 500 average — but for a company delivering superior margins, growth, and returns on capital, that premium is warranted. In comparison to Nike, Lululemon appears particularly attractive: it features a lower P/E and a more robust free cash flow profile. With a market cap of $27 billion and trailing free cash flow of $1.6 billion, LULU achieves a cash flow yield of nearly 6% — a figure characteristic of long-term compounders rather than volatile retail stocks. For investors looking for less volatility compared to individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and generated returns greater than 91% since its inception. A Growth Engine with Elite Financials Lululemon continues to be a growth powerhouse. Over the last three years, it has achieved a revenue CAGR of 19%, surpassing the S&P 500's 5.5% by more than three times. In the past 12 months alone, sales increased by 10% to nearly $11 billion, supported by a growing global presence and brand equity. Regarding profitability, the company reported a 23.4% operating margin and an 18.8% operating cash flow margin over the past four quarters, both significantly above the market average. Its 16.8% net income margin further solidifies its reputation as one of the most operationally efficient players in the retail sector. Financial Strength Few Can Compete With Lululemon's balance sheet is in excellent condition. With a debt-to-equity ratio of only 6.0%—well below the S&P 500's 19.4%—and $1.3 billion in cash representing 17.8% of its total assets, the company enjoys low leverage and high liquidity. It is well-positioned to invest, expand, or endure downturns comfortably. The Warning: This Journey Isn't Always Smooth There's no denying it: Lululemon has experienced significant declines during market corrections. It dropped 46% during the 2022 downturn (compared to the S&P's 25%), plummeted 47% in the early 2020 Covid shock (versus 34%), and was severely impacted during the 2008 crash, falling 92% (in contrast to 57%). Investors must recognize that with LULU, solid fundamentals do not always protect against sharp sentiment fluctuations. Our dashboard How Low Can Stocks Go During A Market Crash captures how major stocks performed during and after the last six market crashes. Invest with a Touch of Volatility Lululemon ticks nearly every box—solid growth, noteworthy profitability, and a strong balance sheet. Its only significant downside? Vulnerability to market fluctuations. While Q1 revealed mixed results and cautious guidance, the long-term fundamentals remain firmly established. Investing in a specific stock carries risks. You might also consider the Trefis Reinforced Value (RV) Portfolio, which has outpaced its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to deliver strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks made it a responsive way to maximize benefits during favorable market conditions while minimizing losses when markets decline, as outlined in RV Portfolio performance metrics.
Yahoo
an hour ago
- Yahoo
Elon Musk Announces Launch of New Business Venture
It's official: Tesla is in the robotaxi industry. After revealing that Tesla would begin rolling out autonomous cabs this year, Tesla co-founder and CEO Elon Musk announced the company is officially launching it's robotaxi service on Sunday, June 22. In a post on X, Musk revealed that the robotaxis will debut in Austin, Texas, and customers will pay a flat fee of $4.20. "The (Tesla AI) robotaxi launch begins in Austin this afternoon with customers paying a $4.20 flat fee!" Musk exclaimed. With the launch, Tesla will now look to make up ground on Waymo, which is the current king of the industry. Waymo claims to have taken 10 million paid rides in all and services several major cities, including Austin, where Tesla is debuting on Sunday. Meanwhile, Amazon is also expected to get into the industry this year. The mega corporation spent $1.2 billion to acquire Zoox about five years ago and it has since built a plant in Silicon Valley that is expected to produce 10,000 robotaxis per year. However, Amazon and Zoox are not as far along as Waymo and Tesla, with the duo set to begin its service in Las Vegas later this year, and then in San Francisco next Musk Announces Launch of New Business Venture first appeared on Men's Journal on Jun 22, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Jerash: Fiscal Q4 Earnings Snapshot
FAIRFIELD, N.J. (AP) — FAIRFIELD, N.J. (AP) — Jerash Holdings (US), Inc. (JRSH) on Monday reported a loss of $153,000 in its fiscal fourth quarter. The Fairfield, New Jersey-based company said it had a loss of 1 cent per share. The company posted revenue of $29.3 million in the period. For the current quarter ending in June, Jerash said it expects revenue in the range of $38 million to $40 million. _____