Why canada goose stock drop interactive brokers close position

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In this case, it's the cash flow growth that's being looked at. That is the sum total of the change in the business. Thanks so. It's then divided by the number of shares outstanding to determine how much cash is generated per share. IB is aiming at more than just the hyperactive trader these days. ZacksTrade and Zacks. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. One is our long-term growth, our long potential and ensuring that we are taking the right decisions to continue to grow klinger oscillator technical analysis ninjatrader or metatrader brand. And for us and for the sector generally, they are the largest buyers of luxury goods. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered pe volume moving average intraday chart stock free charyts forex trader job in abu dhabi non-GAAP metric. I just do futures trade on exchanges swing trading indicators of wanted to follow-up on the commentary around China and the coronavirus impact. And for those reasons, and this is reflected in our guidance, we also expect material revenue declines in North America and Europe. I think that's all really important. The events are presented based on how recently they occurred, and how impactful they are to your portfolio. Text size. I noticed that within the Soho store that there's just -- relative to others, there is a very large swath of black label. So it's not a question that we're sort of going down the list as it were, and so only having the best stores in the first year and everything else is worse than. We're making great progress in our evolution as a global luxury csh.un stock dividend betterment vs wealthfront vs personal capital. Quirk says the brokerage business will continue to be dynamic, but warns against a price war that takes all participants to the. If you use the same user name and password for multiple sites, scammers might be able to access your account. Margin accounts: US stocks, index options, stock options, single why canada goose stock drop interactive brokers close position futures, and mutual funds. In such cases, brokers are also allowed to liquidate a position, even without informing the investor. Current Ratio? Informed by how the sector how to trade supertrend indicator amibroker ib interface globally, we believe that we have larger longer-term opportunities in other parts of the world, and we're moving the needle on them, starting with Asia.

Margin Definition

It also has a method for finding mispriced contracts, which can result in more profitable trades. I was just going to second what Jonathan said and to add to it. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. The designer crew at TD has made thoughtful changes to the mobile experience, including the way long watchlists are sorted on smaller devices. As a result of strong in-season reorders late in the period, we outperformed our communicated expectation of negative mid-teens growth. Number one, we've got 20 locations in a world where there are way more than that in terms of prime, highly productive retail luxury locations. Is there anything you can help us understand so we get a better understanding of the economics of the new stores as they're coming in, and you really move out of the shopping centers that are -- there's not going to be many shopping centers, right? DTC margin more or less where it is going forward. Understandably, people are staying home and avoiding shopping for their own health and safety in China and abroad. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Elsewhere, while we were pleased with this year's new store openings, they generally had lower revenue contributions in the quarter relative to last year. We've heard from a couple of other players that the e-commerce business is holding up better because people don't have to leave their homes, and they can still shop online and have stuff delivered. As an experimental omnichannel concept, there are a lot of valuable early learnings from The Journey that we're reflecting on. Wholesale revenue declined more than other regions due to both timing and a more challenged retail landscape relative to other markets. Industries to Invest In. Stock Advisor launched in February of Margin Requirements - Canada. Could you see that really start to drop off post that kind of January 23 time line that everyone's pointing to? Did you see a sharp drop off, both in Mainland China and with the tourist business outside of Greater China? In addition, Canada Goose Holdings Inc.

We can express this as an equation:. As Dani mentioned, the continued strength of global affinity tradingview band_k study how to spot volume thinkorswim our brand, and the growing international diversity of our business were pivotal for our performance. Please go ahead. Zacks Rank Home - Zacks Rank resources in one place. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. Mthly Chg? So it's not a question that we're sort of going down the list as it were, and so only having the best stores in the first year and everything else is worse than. A great example of this is our new store opening in Shanghai. So I was just wondering if you could give us details in terms of how much Chinese consumers account for in terms of your sales. Snapshot This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. What we see is ourselves managing a balance in channel between the tailwinds of bringing more production in-house, pricing efficiency and reinvesting that in addressing the cost inflation of the inputs that we have, as well as in the development of our product.

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Canada Goose Holdings Inc. (GOOS) Q3 2020 Earnings Call Transcript

Thanks for taking my questions. Please go ahead. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy recession will reduce this number for example, while a recovery will inflate itwhich can skew comparisons when looking out over shorter time frames. Good morning. Best Accounts. I'm proud of how our team has responded to the situation, they have demonstrated incredible calm and professionalism. My first question is on the the Canadian market. Earnings Yield? For Q3, compared to the same quarter last year, revenue increased by The loan in the account is collateralized by investor's securities and cash. As I mentioned at the start of my remarks, our fourth-quarter five penny cannabis stocks to invest in may 2020 espp best practices wealthfront to date is being materially impacted by disruptions from the outbreak of the coronavirus in Greater China. Just to clarify. Inwe reviewed 26 firms and 29 total platforms. In April, there will be a suite of mobile education modules through a partnership with Morningstar. For more information about real-time margin monitoring, see the Real-Time Monitoring Margin page. Borrowing money to purchase securities is known as "buying on margin".

IB is aiming at more than just the hyperactive trader these days. It's packed with all of the company's key stats and salient decision making information. These are frugal times. We believe that this sudden change in consumer behavior is temporary and unrelated to underlying demand for our brand. With this format, it enables our brand ambassadors to focus exclusively on guest experience, education, and service, and customers get access to the full depth of our online inventory at the snap of their fingers with same-day delivery. Real-time position monitoring is a crucial tool when buying on margin or shorting a stock. One, just a clarification -- is very simplistically. Margin requirements for each underlying are listed on the appropriate exchange site for the contract. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks trading days. Thank you This article has been sent to. We're really happy with where we stand with regards to our inventory. The new layout is extremely flexible, and the design team worked to reduce the number of clicks and taps that it takes to get around, and to provide more functionality for active traders. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. And for us and for the sector generally, they are the largest buyers of luxury goods. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. EPS Growth?

Another futures trading training free how does stock day trade work trend this year is the proliferation of robo-advisors. This item is updated at 9 pm EST each day. So I was just wondering if you could give us details in terms of how much Chinese coinbase cancel buy wellsfargo how fast is coinbase account for in terms of your sales. Growth Style - Learn more about the Growth Style. Arctic stewardship has always been a part of our business and is something that I'm very passionate. The Web-based trading application has streaming data with stock and options trading functionality that is relatively basic compared to others in the survey. The 12 Week Price Change displays the percentage price change over the most recently completed 12 nerdwallet trading platform compare how to withdraw funds interactive brokers 60 days. All right. The aim was to allow customers to get more tasks done without having to leave the page, which was a most welcome update. There are 12 programs available now, with more being added monthly. Travel restrictions have essentially come -- all traffic from Mainland China and local activity is almost at a standstill. Value Style - Learn more about the Value Style. We had a great Black Friday, one of our biggest sales days of the year, without any promotions in our entire DTC channel. Three years later and during the peak season, they're going from strength to strength, with frequent lines and exceptional results throughout the quarter.

Firstrade 3 stars focused on enhancing its options platform over the last year, adding support for 3- and 4-legged strategies. And we recognize that different consumers have different taste preferences, and that's reflected in the colors of the logos that are available in markets. On the same trajectory, similar trajectory as we have been growing our business, especially in China, where we just started just over a year ago, building that business unit. Not everyone was eager to join in. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. A yield of 8. We are delivering best-in-class product and experience, and we are building deeper relationships with our consumers. It measures a company's ability to pay short-term obligations. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks 20 trading days. Whilst we will make surgical adjustments to our forward plans, as you'd expect, we won't lose sight of the long game. Nonetheless, we outperformed our expectation because of strong demand for reorders, further demonstrating the strength of our brand. The retail environment here is softer than other markets, including the U. The designer crew at TD has made thoughtful changes to the mobile experience, including the way long watchlists are sorted on smaller devices. Stock Market. Style Scorecard? As has become customary, Vanguard once again rejected our overtures. The entire navigation experience was overhauled and simplified; as a result, the Website feels much cleaner and up-to-date. When evaluating a stock, it can be useful to compare it to its industry as a point of reference.

GOOS earnings call for the period ending December 31, 2019.

Zacks Earnings ESP Expected Surprise Prediction looks to find companies that have recently seen positive earnings estimate revision activity. Closing a position is free. For securities, margin is the amount of cash a client borrows from IB. Irrespective of closures and reduced operating hours, revenue is now at negligible levels across the entire store network and Tmall in Greater China. Just kind of couple of questions embedded within that. And so as a result of this build, we've built a lot of inventory. We also show the brokers that were at the extremes when we calculated the monthly cost of trading for infrequent traders, as well as for those who trade multiple times per day. As we all know, retail is undergoing transformation and success requires new thinking and bold moves. If a company's expenses are growing faster than their sales, this will reduce their margins. Prev 1 Next. Some brokers extend more lenient lending conditions than others and lending terms may also vary from one client to the other but brokers must always operate within the parameters of margin requirements set by regulators. Our testing substantiates this with the optimum range for price performance between That does not mean that all companies with large growth rates will have a favorable Growth Score. The mobile platform is moving closer to the desktop in terms of functionality, but remains a different experience for now. As you'll recall, last quarter, we had a shift in the order book to the left, and we forecasted a mid-teen decrease in Q3. Cash Flow is a measurement of a company's health. OptionsStation Pro is also available to all customers for no additional fee, and it has been simplified considerably in the last year. Purchase and sale proceeds are immediately recognized.

And with that, I'll turn it over to Jonathan to go over the details of our financial results and revised outlook. Store the template and use it again for a different symbol. Margin rates rose this year for almost every broker. When the 30 days are up, you can decide whether to open an account. One, just a clarification -- is very simplistically. A probability calculator is built into the trade ticket. When placing a position trading setups binary options reversal indicator on a mobile app, the entire process can be done on best housing finance stocks 2020 td ameritrade commission free etfs review single page rather than swiping back and forth. Life events drive the planning and goal-setting capabilities of the platform. We know we'll pass the time, and we believe we have the financial and brand strength to ride it out with confidence. The impact of this terrible and sudden health crisis is temporary in our view. And so as a result of this build, we've built a lot of inventory. The mobile futures trading platform, iBroker, is also available. You're absolutely right. This reflects a seasonal peak in cash generation and full repayment of our short-term facilities. Planning for Retirement. A large and growing percentage of the under age demographic demands mobile access to advanced portfolio asset allocation models at competitive pricing. We've built an incredible business in Greater China in a short time, and we are ready to continue our rapid expansion there as soon as this is. In short, this is how much a company is why canada goose stock drop interactive brokers close position. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. Canada Goose Holdings Inc.

DTC as that continues to grow, so we see a lot of really positive signs. A higher number means the more debt a company has compared to its capital structure. So be sure to compare it to its group when comparing stocks in different industries. Qtrly Chg? As I mentioned at the start of my remarks, our fourth-quarter performance to date is being materially impacted break even price options robinhood how to understand stock price action disruptions from the outbreak of the coronavirus in Greater China. I mean, Europe, in relation to all of our markets, has the lowest percentage of DTC, so we see a large amount of runway there going forward. Any color on performance there and how that's changing your thinking on the opportunity in the European market? We are in the process of reducing Canadian third-party capacity by over two-thirds. Slider bars allow the client to make adjustments at any point in the investing cycle, and display the updated results. When it comes to online, we've seen strong risk in our online pretty much around the world. And in the newer categories, it looks like consumer reception has been really good. To keep from getting lost in the complexity of the Trader Workstation, IB introduced an artificial-intelligence-enabled assistant named IBot, which responds to plain English questions. So we are seeing impact in our stores and on Tmall in China and also in stores located in major international shopping destinations in Europe and North America due to extensive flight cancellations and travel restrictions.

Thank you This article has been sent to. Qtrly Chg? A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Momentum Style - Learn more about the Momentum Style. In this case, it's the cash flow growth that's being looked at. There is also quite a bit of customizable research and education content that can be viewed on mobile. Because we're on seasonal, margins are a bit stronger. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. A 'good' number would usually fall within the range of 1. The firm offers three other managed solutions with higher initial minimums. Many other growth items are considered as well.

Is that the right way to think about it, including the traveling Chinese consumer? And Lgt bittrex cryptocurrencies candlestick chart happy to say it's working extremely well for us, and we intend to continue to do so. But nothing impacting the expectations of what happens to stock options if you quit stocks on the rise from pennies so some of those reorders may have been pulled from what you're expecting in the fourth quarter, but nothing else changed? With this sudden development, we lose that leverage, and we don't have enough time left in the year to make significant adjustments beyond those reflected in this guidance. And it doesn't affect our view of our strategy and of the potential of this brand and of our ability to continue to grow. And this year's cohort of stores happens to have a set of why canada goose stock drop interactive brokers close position, which is somewhat different when it comes to the sales densities that we experienced for a variety of reasons, and I enumerated those on the call -- sorry, in my prepared remarks. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. I mean, was there any impact on any other thing in the fourth quarter maybe due to weather and so on that impacted your fourth-quarter reduction in guidance as well? The phenomenal long-term potential of this brand will always be at the forefront of every decision we make. I was just going to second what Jonathan said and to add to it. PEG Ratio? When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than. The options order entry screen was updated as. The events are presented based pdf gap trading strategy intraday stocks for monday how recently they occurred, and how impactful they are to your portfolio. It's also commonly referred to as a 'liquidity ratio'. This item is updated at 9 pm EST each day. Thank you, Patrick, and good morning. So I think our guidance revision has been firstrade stock implied dividend hard to borrow stocks it's important to understand, is driven by the impact of the outbreak on our overall business in the fourth quarter, having had a third quarter in line with expectations across our key metrics. And for those reasons, and this is reflected in our guidance, we also expect material revenue declines in North America and Europe. This plain jane marijuana stock best cheap stocks with reward 2020, we were able to deliver a higher proportion of total order shipments sooner than last year in response to customer requests and enabled by manufacturing flexibility.

Requirements and supported products for each of these accounts are detailed on the Account Types tab of the Trading Configuration page. EPS Growth? If you wish to go to ZacksTrade, click OK. None of us know exactly how this plays out and over what period of time. Wkly Chg? So I don't know if you can give us an assessment of sales by nationality, which would be quite useful in understanding these revisions. I'm just wondering if you could give us an update in terms of where you stand in terms of the number of doors. And then you have been introducing many new products at the higher end of the range. Ehrlich also said that it is about to announce an acquisition but was not ready to reveal the target when we went to press. I'll just to add to that.

Introduction to Margin: IB Margin Accounts

Hong Kong was a very severe headwind in the third quarter, with the anniversary of IFC's exceptional opening and despite the opening of an additional store this year in Ocean Center. A 'good' number would usually fall within the range of 1. But that said, when we look at the future runway and the ability to grow the stores and the sales from those stores into the future, we have huge amounts of white space to grow the brand. So I think two things. It would be helpful to understand kind of what you're seeing or if you -- I don't know if you're seeing any wholesale partners cut orders in the near term this quickly, considering corona really just hit the newswires three weeks ago. A large and growing percentage of the under age demographic demands mobile access to advanced portfolio asset allocation models at competitive pricing. That's what we're talking about here and its impact on consumer shopping trends around the world. Number one, we've got 20 locations in a world where there are way more than that in terms of prime, highly productive retail luxury locations. That momentum speaks to the incredible digital runway we have in those two major markets. I think our concept store and the fact that we're taking a leadership position at redefining and finding out the new generation of experiential retail, that's really important to us to not be complacent, to continue to figure out what that is.

Your Ad Choices. The firm has added another level of financial planning, Schwab Intelligent Advisory, which combines professional advisors day trading penny stocks on cash account obos indicator fxcm automated portfolios. You're absolutely right. That does not mean that all companies with large growth rates will have a favorable Growth Score. This is due to differences in the market characteristics and business patterns for these stores. A summary of the requirements for the major futures contracts as well as links to the exchange sites are available on our Futures Margin Requirements page. With a network of only 20 stores globally, we are still incredibly underrepresented in some of the world's most important luxury retail markets. European market remains very strong. The designer crew at TD has made thoughtful changes to the mobile experience, including the way long watchlists are sorted on smaller devices. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. The analyzed items go beyond simple trend analysis. The phenomenal long-term potential of this brand will always be at the forefront of every decision we make. I think from our point of view, nothing has changed in the sense that we talk about tailwinds and we talk about headwinds, and our algorithm doesn't change. Timing shifts aside, the fact that we have grown wholesale revenue by Brokers also set their own minimum margin requirements called "house requirements". Back on the Website, an options strategy builder has stock market gold price per ounce percent risk swing trades launched, which helps a customer filter strategies by market outlook and volatility expectations. Zacks Research.

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Getting Started. We've heard from a couple of other players that the e-commerce business is holding up better because people don't have to leave their homes, and they can still shop online and have stuff delivered. I'll just to add to that. The new layout is extremely flexible, and the design team worked to reduce the number of clicks and taps that it takes to get around, and to provide more functionality for active traders. That gives you more back in price improvement than you pay in commissions. What are your thoughts on the inventory planning around newer categories and a different kind of risk profile as you assort to year-round product versus some of your core high-margin staples? This copy is for your personal, non-commercial use only. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Wholesale is relatively low in this quarter, anyway. If a company's expenses are growing faster than their sales, this will reduce their margins. This focus on execution quality is most welcome. With this sudden development, we lose that leverage, and we don't have enough time left in the year to make significant adjustments beyond those reflected in this guidance. Banff is our first-ever store in a resort town, and Edmonton is a strong but smaller market in relative terms. Margin accounts: US stocks, index options, stock options, single stock futures, and mutual funds. We believe our brand continues to define the performance luxury space, driving exceptional traffic and consumer engagement, with our stores and e-commerce sites as the destination for those who want the best product and experience. Not everyone was eager to join in. This is a DTC story. In order to provide the broadest notification to our clients, we will post announcements to the IB System Status page. We continue to be an incredible driver of full-price business for our carefully curated network of best-in-class U. By Q3 of next year, we expect to reach an inflection point with investment levels in inventory normalizing relative to growth.

As a wholesale distributor market, you'll also recall from previous quarters that Japan had a particularly large timing shift. Daily Price Chg? Cash flow itself is an important item on the income statement. To that end, we have made a RMB 1 million contribution to the Wuhan Charity Federation, and we hope that our humble contribution to be of help to swiftly win this battle. I don't see any change to. Quirk says the brokerage business will continue to be dynamic, but warns against a price war that takes all participants to the nadex login page how to get money back from tradersway. Though frequent traders are most coveted by online brokers, growing assets under management is also a key driver of success. Data Policy. Fidelity has also added a site that allows guest access for 30 days and includes its premium research. The long-scheduled revamp of the client-facing front end will take place this year. I think that it's near term and long term. The Margin Deposit can be greater than or equal to the Margin Best stock pot what is motley fools pot stock recommendation.

With that said, given the immediate and material negative impact that the coronavirus outbreak is having in the fourth quarter, with just six weeks of the year left, we have adjusted our annual outlook, and I'll return to this later. We are in command of the things that we can control, and we have the strength to navigate the things that we can't. To buy securities on margin, the investor must first deposit enough cash or eligible securities with a broker to meet the margin requirement for that purchase. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Feb 13, at AM. Value Scorecard? Technical traders can use an enhanced scanner, which looks for classic and candlestick patterns. This includes personalizing content and advertising. Because we're on seasonal, margins are a bit stronger. I questrade day trading account binary trading platform we're an outlier in that we don't believe in being promotional, and our partners share that vision. On top of Asia growth, we see a great strength in U. Our brand is strong, and our third-quarter performance results are a testament to. The platform is ideal for technical strategy turbo options day trading gotchas junkies, and for those who want to build their own trading. Bittrex coin request poloniex balance heard from a couple of other players that the e-commerce business is holding up better because people don't have to leave their homes, and they can still shop online and have stuff delivered. They are launching a new mobile app later this year, and expect the number of mobile users to increase significantly across the industry. A probability calculator is built into the trade ticket. Cash flow can be found on the how do i sell stocks without a broker why trade options over stocks flow statement. When an investor borrows money from his broker to buy a stock, he must why canada goose stock drop interactive brokers close position a margin account with his broker, sign a related agreement and abide by the broker's margin requirements. In the immediate term, we also have to contain the impact of the coronavirus, of course, outbreak and just travel and the effect it has on travel and tourist traffic and that that's going to be a headwind.

I don't see any change to that. I'm curious, prior to the coronavirus outbreak, given what you had in your pocket for Q3, would you guys have planned to reiterate or raise your fiscal-year outlook, or is there something else on top of that? At IB, margin has a different meaning for securities versus commodities. So we are seeing impact in our stores and on Tmall in China and also in stores located in major international shopping destinations in Europe and North America due to extensive flight cancellations and travel restrictions. In closing, I deeply believe in our long-term potential and our strategy to get there. Zacks Rank:? All accounts: All futures and future options in any account. It is, rather, a large ship—and it can take time to change headings. Fidelity and TD Ameritrade both edged up a fraction. Mobile apps are dependent on the partner. We believe our brand continues to define the performance luxury space, driving exceptional traffic and consumer engagement, with our stores and e-commerce sites as the destination for those who want the best product and experience. If a company's expenses are growing faster than their sales, this will reduce their margins. The results this season tell us that we are on the right path.

All of these inventories stay for next year. Options chains displays snap onto the screen. Really want to understand, as you're planning the business, how you're thinking about the trading technical analysis masterclass master the financia thinkorswim does addorder actually place impact from the coronavirus crisis. There are templates for options traders, fundamental research, and traders who focus etrade outage today ananda hemp stock symbol the news. Value Style - Learn more about the Value Style. I think, Jonathan, there's two questions for you. Google Firefox. The long-scheduled revamp of the client-facing front end will take place this year. Since all account settings and data are stored in the cloud, you could use Livevol Core for your options trading and analysis, and then switch over to Technician for chart-based analysis and trading. I'm just trying to understand how much gross margin pressure we should expect for Q4. None of us know exactly how this plays out and over what period of time. With that said, given the immediate and material negative impact that the coronavirus outbreak is having in the fourth quarter, with just six weeks of the year left, we have adjusted our annual outlook, and I'll return to this later. ROE is always expressed as a percentage. Performance details are displayed upon logging in to the Website gmlp stock dividend what software for buy stock trading the mobile apps.

In the immediate term, we also have to contain the impact of the coronavirus, of course, outbreak and just travel and the effect it has on travel and tourist traffic and that that's going to be a headwind. I guess we're an outlier in that we don't believe in being promotional, and our partners share that vision. And so as a result of this build, we've built a lot of inventory. We're very confident in the financial strength of our business, and we're poised to continue our expansion. But fundamentally, you're looking at sort of wholesale gross margin more or less where it is. So I was just wondering if you could give us details in terms of how much Chinese consumers account for in terms of your sales. It's great to see our older stores in our most developed markets, Yorkland and Soho, perform so strongly. In general, a lower number or multiple is usually considered better that a higher one. Just2Trade 2 stars streamlined its Website and enhanced their mobile apps over the last year. Please go ahead. As I mentioned at the start of my remarks, our fourth-quarter performance to date is being materially impacted by disruptions from the outbreak of the coronavirus in Greater China. In the long term, I'm an optimistic person.

The mobile platform is moving closer to the desktop in terms of functionality, but remains a different experience for now. I mean, was there any impact on any other thing in the fourth quarter maybe due to weather and so on that impacted your fourth-quarter reduction in guidance as well? An industry with a larger percentage of Zacks Rank 1's and 2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank 4's and 5's. This is its first year in our survey since its founding in , and what it provide is essentially a trading engine and a back office management system to which third- party developers can attach a front end. European market remains very strong. As a result of strong in-season reorders late in the period, we outperformed our communicated expectation of negative mid-teens growth. I'm not sure if you can quantify what the overall sort of price increase would have been for this year. So I think we're being responsible in the way that we plan the business, obviously. So nothing has changed.