Zacks.com featured highlights include: Universal Forest Products, Fossil, Hibbett, China Petroleum and Principal Financial

Chicago, IL – September 11, 2019 – Stocks in this week’s article are Universal Forest Products UFPI, Fossil Group FOSL, Hibbett Sports HIBB, China Petroleum & Chemical Corp. SNP and Principal Financial Group PFG. When considering valuation metrics, price-to-earnings ratio has always been the obvious choice. This is because calculations based on earnings are easy and come in handy. However, price-to-sales has emerged as a convenient tool to determine the value of stocks that are incurring losses or are in an early cycle of development, generating meager or no profits. While a loss-making company with a negative price-to-earnings ratio falls out of investor favor, its price-to-sales could indicate the hidden strength of its business. This underrated ratio is also used to identify a recovery situation or ensure that a company’s growth is not overvalued. A stock’s price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by the company. If the price-to-sales ratio is 1, it means that investors are paying $1 for every $1 of revenues generated by the company. So, it goes without saying that a stock with a price-to-sales below 1 i...

TikTok’s new ‘Hashtag Challenge Plus’ lets video viewers shop for products in the app

TikTok, the short-form video platform favored by young adults and teens, has launched a new feature that allows users to shop for products associated with a sponsored Hashtag Challenge, without leaving its app. These sponsored challenges are Gen Z-friendly marketing campaigns where users are prompted to post videos of them using a product — like showing off favorite outfits from Uniqlo or Guess, for example. Or they might participate in some sort of manufactured viral trend, like singing favorite Disney songs ahead of a Disney-themed episode of American Idol. The new e-commerce feature, called Hashtag Challenge Plus, adds a shoppable component to the hashtag. In addition to creating and viewing videos featuring the brand’s sponsored hashtag, a separate tab features an in-app experience where products from the campaign can be purchased within TikTok itself. Last week, Kroger was the first brand to try out the new feature, according to a report from AdWeek. While not exactly a company that exudes youth appeal, Kroger found a way to reach TikTok’s young adult audience through their hashtag campaign. In partnership with four TikTok influencers — Joey Klaasen, Cosette Rinab, Mia Finn...

FEATURED: AC Group to expand services beyond Kigali | The New Times

AC Group Ltd, a Rwandan tech firm providing smart transport solutions, last week unveiled new innovations that are expected to ease transport for passengers traveling to remotest parts of Rwanda. The new innovations were among the advancements and solutions that AC group showcased at their booth on the sidelines of the Transform Africa Summit. The firm known for its convenient payment solution, Tap &Go cards, is expanding its services beyond Kigali. Giving insights into the latest innovations in transport, Buchana said that passengers are going to have a new experience with the launch of a new App which will ease the ticket booking process and improve clients’ convenience. “Based on our customer feedback and Rwanda’s vision to create a broader cash-light economy, we decided to start the expansion of Tap&Go upcountry. The unveiled new Application will enable intending travelers on public transport system to book their tickets online. After booking online, passengers are sent receipts with a QR code and can board a bus from anywhere they are” explained Buchana. The passengers will also be able to purchase tickets from agents as well as from a web platform. The ticketing o...