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Jim Cramer discussed Tuesday on CNBC's "Mad Money" his "basket of winners" if former Vice President Joe Biden wins the presidential election.Cramer believes if Biden wins the election, the Democrats will be eager to throw money at the solar industry. Two solar stocks he likes: First Solar, Inc. (NASDAQ: FSLR) and Tesla, Inc. (NASDAQ: TSLA). Infrastructure is another industry Cramer believes will be a winner if Biden wins. If there is a democratic sweep, we could see an infrastructure package. Cramer likes these two infrastructure stocks: Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE).See Also: Trump, Biden To Have Microphones Muted In Final Debate When Rival Makes Opening RemarksCramer says the main difference between President Donald Trump and Biden is trade. He believes if Biden wins, there will be no more trade war with China. Cramer likes these Chinese play stocks: 3M Company (NYSE: MMM), Emerson Electric Co (NYSE: EMR) and Otis Worldwide Corporation (NYSE: OTIS).The biggest winners are the China consumer plays, which are Starbucks Corporation (NASDAQ: SBUX), Apple Inc. (NASDAQ: AAPL) and Nike, Inc. (NYSE: NKE) according to Cramer. He believes Nike will hit the $135 price range due to the company's Chinese business.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Container Store Surges On Big Q2 Sales Beat, Marie Kondo Partnership * Jason Snipe Gives His Bullish Thoughts On Wayfair, AutoZone(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Markets have shown two themes in recent weeks, a combination of uncertainty and an upward trend. Day to day, it’s impossible to predict just what will happen, but the larger scale movement has been upwards. Looking ahead, all we know is that current events will reinforce the uncertainty.Earnings season has started. As the market’s publicly traded companies report their Q3 results, we’ll get a clearer idea as the nature of the economic recovery. Q1 was a disaster, the second quarter was better than expected; while Q3 is also expected to beat the expectations, no one will be surprised if it belly flops. So far, our first hint was the September jobs report, which fell short of the forecast but nevertheless showed some 661,000 new jobs last month.The big wild card, of course, is the national election, now just weeks away. President Trump is fighting for his political life and the Democrat opposition is fighting to regain control of the levers of government. It’s an environment that practically screams for investors to take protective action for their portfolios. And it’s possible; even in an uncertain time, there are dividend stocks that promise reliable returns and risk mitigation. Using the TipRanks database, we’ve pulled two stocks with Strong Buy ratings and high dividend yields. Wall Street’s analyst corps sees them as ripe for investment returns, while the dividend yield of 9% or better promises relief from today’s low-rate regime. Hoegh LNG Partners (HMLP)Hoegh operates floating gas services, including storage facilities and regasification units that can act as LNG import terminals in the absence of shore-based infrastructure.Late this past summer, Hoegh announced a new CEO, part of a normal transition of leadership in the company. The remarkable aspect was that the transition occurred during the COVID outbreak – and that the company showed positive revenues and earnings during that time, avoiding the heavy losses that have plagued some of its competitors. Hoegh’s EPS has varied quarter to quarter over the past two years, but the Q2 numbers were in-line with the long-term average, and the Q3 outlook, to be reported next month, is in the same range.Steady earnings usually mean a steady dividend, and HMLP delivers. The company has a 6-year history of dividend reliability, and the payment, of 44 cents per common share, has been held stable through 2020. The $1.76 annualized payment gives an impressively high yield of 15.5%. This is more than 7x the average found among S&P listed dividend payers.Liam Burke, of B. Riley FBR, counts himself as a fan. He writes, “Despite near-term decline in global LNG consumption caused by the coronavirus, there is solid underlying demand for LNG, which is estimated to grow by more than 3% to 5% annually until 2030, which sets the stage for consistent demand for high return floating storage and re-gasification units (FSRU) beyond current contract periods. We continue to believe in the long-term strength of the LNG market and HMLP's underlying charters despite the inherent counter-party risks created by a near-term decline in LNG consumption related to COVID-19.”Burke rates HMLP shares a Buy, and his $17 price target indicates confidence in a 45.5% upside potential. (To watch Burke’s track record, click here)Overall, Wall Street has given HMLP 3 Buys and 1 Hold recently, for a Strong Buy consensus rating. The average price target is $13.67, suggesting a 19% upside from the current trading level of $11.41. (See HMLP stock analysis on TipRanks)Hess Midstream Operations (HESM)Next up on today’s list of dividend champs is Hess Midstream, a player in the US oil and gas industry. Hess provides infrastructure services for gathering, processing, storing, and transporting both crude oil and natural gas products in the Bakken formation of North Dakota.Production companies have kept the product flowing despite the coronavirus, which is one reason for the low prices in the oil markets – but it has also kept the midstreamers in demand. Hess has benefited from the continuing need for its technical knowledge of pipeline network, and the result has been that, while much of the oil industry had to retrench recently, Hess saw only modest losses in revenues while earnings remained in-line with their 2-year recent history. Second Quarter EPS was 29 cents; that was lower than Q1, but higher than 4Q19.Hess has turned its steady earnings to shareholders’ advantage, with a dividend that has been increased every quarter for the past 2 years. The last payment, sent in August, was 44 cents per common share. This gave a yield of 9.86%, strong by any standard.JPMorgan analyst Tarek Hamid says of Hess, “The unique pricing model underpinning core profitability remains unmatched and further helps to eliminate (to an extent) DAPL uncertainty overhang relative to peers. Longer-term growth prospects could come in the form of asset level acquisitions and potentially a framework tied to Hess’s GOM position, but management has conveyed a conservative approach with respect to corporate M&A… HESM will burn cash this year, though our modeling indicates a flip to FCF generation in FY21 on lower capital intensity and higher y/y profitability.”To this end, JPMorgan rates HESM an Overweight (i.e. Buy) along with a $23 price target. This figure suggests a 40% upside for HESM shares in the months ahead.Overall, this stock’s Strong Buy consensus rating is supported by 4 Buys and 1 Hold. Shares are selling for $16.46, and the average price target of $19.75 indicates a 20% upside potential. (See HESM stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
There-is-no-alternative, or TINA, has been a pretty solid investment strategy for those who are riding the stock-market wave. But to Deutsche Bank's international private bank chief investment office, it has its limits.
Tesla reported third-quarter earnings results after market close on Wednesday.
A former waitress for a North Carolina-based restaurant chain is suing the company after enduring months of alleged sexual assault and harassment including one instance when she received an anonymous threat after reporting that her private sex tape had been circulated amongst coworkers.
Biotech companies utilize cutting-edge science to create medicines and treatments for a plethora of diseases, making them unique investment opportunities for investors looking to cash in on a cure. Smart investors will look for biotech stocks that have drug pipelines full of good prospects, as well as balance sheets strong enough to withstand any unforeseen problems. Here are seven biotech stocks to buy that fit the bill.
Tesla Inc. Chief Executive Elon Musk called the electric car maker's third quarter its best quarter ever, but investors should also take into account the fact that the quarter was buoyed by $397 million in regulatory credits.
(Bloomberg) -- Polyus PJSC, Russia’s largest gold producer, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves.An audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, Chief Executive Officer Pavel Grachev said. That means the field -- accounting for more than a quarter of Russian gold reserves -- is bigger than Seabridge Gold Inc.’s KSM Project in Canada and Donlin Gold in Alaska.“The estimate of the reserves is an important milestone in development of the field,” Grachev said in an interview in Moscow.Sukhoi Log, located in the isolated Irkutsk region of Siberia, was discovered by Soviet geologists in 1961 and studied in the 1970s. The government had long considered offloading the deposit, and in 2017 sold the field in an auction to Polyus and a state partner, which the mining company later bought out.Polyus said earlier this year that it would focus on smaller projects and reducing its debt ratio in the coming years before developing the field. The company plans to announce details on expected production and investment at Sukhoi Log once a pre-feasibility study is ready by year-end. It previously said that costs could reach $2.5 billion, with annual output totaling about 1.6 million ounces.While developing giant deposits is typically a lengthy and costly process, the field may allow Polyus to boost annual output by at least 70%. Gold prices have rallied about 60% since the company purchased it, and reached a record in August as vast amounts of stimulus were pumped into economies to curb the damage from the coronavirus pandemic.“We want to show that a project of this quality and scale can and should be carried out, taking into account the best environmental standards, despite the hard-to-reach location,” Grachev said.More on Sukhoi Log:The audit shows that as well as economically mineable reserves, the deposit has 67 million ounces of total resources, up from 63 million ounces previously estimated.That figure may rise after more drilling and studies.Main investment is due to start in 2023. Polyus has already started spending on infrastructure for the project. There is also a plan on co-investing with the government on the reconstruction of a local airport.(Updates with details on deposit and development project from fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
AT&T Inc. shares fell again in Wednesday's session after rival Verizon Communications Inc. reported earnings in the morning, notching AT&T's longest losing streak in more than 18 years.
Natural gas may just be on track to become the world’s most important resource over the next decade as the world races to ditch other fossil fuels
Exxon Mobil Corp <XOM.N> is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce. Exxon has exceeded a target of reducing operating expenses by $1 billion and capital budget spending by $10 billion, he wrote.
GM appeared to reaffirm its partnership agreement with electric truck maker Nikola while talks to finalize terms drag on.
UPDATED: Quibi, the struggling short-form mobile video startup led by founder Jeffrey Katzenberg and CEO Meg Whitman, is shutting down just six months post-launch after the company failed to find a buyer, according to a new report. [Later Wednesday. Quibi confirmed the plan to wind down operations and seek to sell its assets.] According to […]
Graphics chip and artificial intelligence leader Nvidia, featured in today's IBD 50 Stocks To Watch, has set up a new buy point.
The mRNA coronavirus vaccine in development by Pfizer Inc. (NYSE: PFE) and BioNTech SE - ADR (NASDAQ: BNTX) is poised for an emergency use authorization application, according to SVB Leerink. The Pfizer Analyst: Geoffrey Porges has a Market Perform rating on Pfizer shares.The Pfizer Thesis: Pfizer-BioNTech's vaccine candidate BNT162b2 will likely report interim efficacy results within the next few weeks and then advance to an emergency use filing, Porges said in a note.BNT162b2 has a high likelihood of achieving its efficacy and safety outcomes and advancing to at least initial emergency approval in November, the analyst said."We believe there is a high probability of BNT162b2 being granted an EUA for high risk populations in the fourth quarter." Related Link: The Week Ahead In Biotech: Spectrum Pharma FDA Decision, Biogen And Abbott Earnings, Cancer Conference SVB Leerink's vaccine market model assumes permanent risk from SARS-CoV-2, necessitating re-vaccination every two years to maintain protective immunity, Porges said. Relatively high vaccine penetration to the tune of 80% is likely in health care workers and high-risk adults such as the elderly and those with comorbidities, and low penetration is foreseen for low-risk adults and ultimately children, the analyst said."We also forecast an initial large bolus of vaccination in 2021-2022E given the size of the COVID naive population, followed by a stable re-vaccination trend into 2030Es," he said. Porges expects two initial doses for priming immunization, and then a single booster every two years.Given Pfizer's lead position in clinical development, strong immunogenicity data and seemingly clean safety profile, BNT162b2 is expected to take more than 50% of the market share initially, which would decrease over time to 25% as more products enter the market place, the analyst said.Pfizer's vaccine is expected to be priced at $30 per dose in the U.S. and $23 in regions outside of the U.S. initially, with the price falling to $11-$15 per dose over time, he said. Incorporating BNT162b2 in SVB Leerink's Pfizer model with an 80% probability of success, Porges said he expects it to generate $3.54 billion in sales in 2021 and $1.57 billion in 2024.PFE Price Action: Pfizer shares were down 0.56% at $37.28 at last check Wednesday. Related Link: FDA's COVID-19 Vaccine Guidance Shows 'Substantial' Obligations For Developers: Analyst Latest Ratings for PFE DateFirmActionFromTo Oct 2020Atlantic EquitiesDowngradesOverweightNeutral Sep 2020BerenbergInitiates Coverage OnHold Jul 2020Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for PFE View the Latest Analyst RatingsSee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * The Daily Biotech Pulse: Prothena Progress In Parkinson's Disease Pipeline, Fast Track For Xeris, Biogen Earnings * Moderna Nears Finish Line For Enrollment In Phase 3 Coronavirus Vaccine Study(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tesla's latest quarterly numbers beat analyst expectations on both revenue and earnings per share, bringing in $8.77 billion in revenues for the third quarter. With the report that Tesla had already beaten Wall Street's expectations for deliveries earlier this month, the question for today's earnings call was how much efficiency (and by extension, profit) the electric car and battery company was able to wring out of its manufacturing processes. Now we have the answer, as Tesla reported net income of $331 million* on revenues of $8.77 billion for the third quarter.
This hasn’t been a kind year for Intel stock. Shares have fallen just over 9% in 2020, buffeted by the Covid-19 pandemic in March as much of the market was, but then punished once again in late July after it disclosed a further delay in its next major new chip manufacturing technique. The embarrassing disclosure in July triggered something of a reverse, as much smaller rival Advanced Micro Devices (ticker: AMD) stock gained roughly the amount (INTC) (INTC) lost.
In a financial environment riddled with unprecedented levels of uncertainty, investors are at wits’ end. When it comes to finding an investment strategy that will yield returns, traditional methods might not be as dependable. So, how should investors get out of the rut? In times like these, a more comprehensive stock analysis can steer investors in the direction of returns. Rather than looking solely at more conventional factors like fundamental or technical analyses, other metrics can play a key role in determining whether or not a particular stock is on a clear path forward. TipRanks offers a tool that does exactly that. Its Smart Score measures eight key metrics including fundamentals and technicals while also taking into account analyst, blogger and news sentiment as well as hedge fund and corporate insider activity. After analyzing each metric, a single numerical score is generated, with 10 being the best possible result. With this in mind, we poured through TipRanks’ database, filtering the results to show only the names that have earned a “Perfect 10” Smart Score. Here are three for your consideration.Brunswick Corporation (BC)Brunswick is a manufacturer in the leisure boating sector, building and marketing boats, marine engines, and their parts and accessories. Brunswick owns several of the premier brands in its segment, including Boston Whaler, Mercury, and SeaRay.Boating is a leisure activity that lends itself to social distancing measures, and for those with access, it has been popular during the ‘corona summer.’ Brunswick’s financial results have reflected that – the company has seen modest sequential gains in revenues and earnings through 2020 so far, with Q2 results hitting $987 million at the top line and showing 99 cents EPS at the bottom. The EPS result was more than double the forecast. The outlook for Q3 earnings, to be reported at the end of this month, is for $1.31 profit per share.With that as background, it should not be a surprise that the company has kept up its dividend. The payment, 24 cents per common share, yield a modest 1.5%, but the important point here is that BC had raised its dividend going into 2020 and stuck with the higher payment through the crisis.Raymond James analyst Joseph Altobello likes Brunswick’s current retail environment. He writes, “Retail trends continued to be very strong in July and August amid unprecedented demand for boats… while demand has been strong among existing boaters as well, the lack of inventory could delay some upgrades until next year, thus helping to offset the challenging year-over-year comparisons during late spring and summer.”Altobello rates the stock Outperform (i.e. a Buy), and his firm’s $79 target price indicates a 25% upside for the coming year. (To watch Altobello’s track record, click here)Brunswick gets a Strong Buy from the analyst consensus, showing that Wall Street agrees with Altobello’s bullish take. The recent reviews break down to 9 Buys and just 2 Holds. Shares are priced at $62.11, and the $79 average target is in-line with Raymond James’. (See Brunswick stock analysis on TipRanks)Guidewire Software (GWRE)This California-based software company offers subscription services: BillingCenter, ClaimsCenter, and PolicyCenter in the property & casualty insurance sector. It’s a specialized niche, for which Guidewire developed its own programming language, Gosu, which was later released as open source.Most people carry insurance; it’s a product that exists to protect our money, and we all have a vested interest in that. Guidewire results have reflected that. The company showed losses in the fourth quarter of 2019 and the first two quarters of this year – but Q4 through Q2 are GWRE’s slowest normally. Revenues and earnings pick up in Q3 – and in Q3 CY20, Guidewire blew away the earnings forecast, with 56 cents EPS against a 20-cent estimate, and revenues of $243 million.Among the fans is Needham analyst Mayank Tandon, who stands tall with a 97 ranking among 7,000 Wall Street analysts. He writes of Guidewire, “GWRE remains one of the premier providers of cloud-based core software solutions for P&C carriers. We believe the market is large and healthy and is in the early days of a long transition towards cloud-based solutions from dated legacy solutions. We anticipate the revenue/margin trajectory to be smoother as management executes on the model transition.”The 5-star analyst rates this stock a Buy, and his $130 price target suggests it has room for 26% growth in the next 12 months. (To watch Tandon’s track record, click here)Overall, Guidewire is rated a Moderate Buy from the analyst consensus, with 4 Buys and 2 Holds set recently. The stock is not cheap, priced at $103.39, and its average price target of $134 is slightly higher than Tandon’s; it implies a 30% upside potential. (See GWRE stock analysis on TipRanks)LPL Financial Holdings (LPLA)Last on our list of Perfect 10s is LPL Financial Holdings, the largest independent broker-dealer in the US. The company was formed through a merger action in 1989, and since then has developed a reputation for generating profits and returns. LPL Financial sees over $5 billion in annual revenues. Its services offered include financial advice, retail brokerage services, and access to the financial products universe.The general downturn has customers pinching their pennies, however. While LPL saw big gains in the first quarter of this year, the second quarter saw sequential losses. Revenues fell from $546 million to $461 million, and EPS dropped from $2.06 to $1.42.In an important point, however, LPL continued to keep up its dividend. As with Brunswick above, the payment and yield are both modest – the key is, the company saw no reason to reduce either, and remains able to cover the payout at current income levels. The dividend pays 25 cents per common share quarter, with a yield of 1.2%.5-star analyst Steven Chubak, of Wolfe Research, writes of LPL, “[We] believe that strong organic growth at a reasonable valuation is one of the best themes to own in an uncertain macro backdrop. So long as LPLA can consistently execute and deliver sustained organic growth momentum, it should continue to attract interest from a broader investor base, supporting continued outperformance.”Chubak’s Overweight (i.e. Buy) rating here is supported by his $100 price target, which implies a one-year upside of 22%. (To watch Chubak’s track record, click here)This is another stock with a Moderate Buy rating from the analyst consensus. LPLA has 5 recent Buys and 2 Holds from the Wall Street analyst corps. Shares are priced at $82.90 and have an average target of $98.71, slightly lower than Chubak’s and pointing to a 19% upside for the year ahead. (See LPLA stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The presidential campaigns of President Donald Trump and former Vice President Joe Biden are gaining momentum. One potential move that has received a lot of attention in recent weeks: possible cuts to the payroll tax. Payroll taxes are taxes paid on the wages and salaries of staff, and are used to finance social-insurance programs, including Social Security and Medicare.
The fifth-straigtht quarter of profit and sales has triggered one upgrade for the stock by Baird analysts, who downgraded to neutral early in the year.
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