Just Chill CEO Max Baumann discusses how he created a relaxation drink.
Just Chill CEO Max Baumann discusses how he created a relaxation drink.
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in January 2021.
While just about every financial planner out there continues to espouse the "diversify" mantra, Jason DeBolt, a former Google and current Amazon employee, has taken a decidedly different approach.
Biden stimulus buzz may be waning, as the market rally had a healthy pullback. So did Tesla. Qualcomm and JPMorgan are near buy points.
* This weekend's Barron's cover story offers thoughts and stock picks from the latest Barron's Roundtable. * Other featured articles examine the cutting edge in biotech stocks, an outlier bubble forecast and growing corporate political activism. * Also, the prospects for a struggling retailer, a luxury homebuilder, an oil giant and more.Cover story "Welcome to the Roaring '20s, but Maybe Not for Stocks, Our Experts Say" by Lauren R. Rublin offers thoughts from 10 investment pros on the Barron's Roundtable on how lofty valuations could limit the market's gains this year. The article includes nine stock picks from the roundtable. See if Walt Disney Co (NYSE: DIS) is one of them.Connor Smith's "GameStop Stock Doubled Last Week--But Challenges Remain" points out that Barron's recently argued that GameStop Corp. (NYSE: GME) shares looked pricey at $18, but now they are nearly $40. See why the downbeat view on the videogame retailer's stock remains the same.In "Intel's New CEO Has a Tough Task," Max A. Cherney makes the case that Pat Gelsinger's most pressing issue will be tackling the manufacturing issues at Intel Corporation (NASDAQ: INTC). See why there is no easy fix for a company that has long insisted on doing things in-house.The pandemic has reminded people of means that space and amenities in their homes have real value. So says "Why Toll Brothers Is a Play on the 'Single-Family Supercycle'" by Andrew Bary. See why Barron's believes Toll Brothers Inc (NYSE: TOL) can build on the housing boom, as the nation's largest luxury homebuilder offers rising returns and a low valuation.In Bill Alpert's "With Rare Speed, Gene Editing Emerges as Biotech's New Cutting Edge," the focus is on why stocks of companies wielding tools that allow them to edit DNA and attack genetic diseases and cancer are suddenly hot. Are Crispr Therapeutics AG (NASDAQ: CRSP) or Editas Medicine Inc (NASDAQ: EDIT) worth a look now?"3M Stock Is Unloved and Underpriced. Here's Why It Could Shoot Up Higher" by Ben Levisohn discusses why 3M Co (NYSE: MMM) stock could be poised to ride an economic rebound. After all, the conglomerate makes the adhesives, abrasives and chemicals that companies need in order to do what they do.See also: Benzinga's Weekly Bulls And Bears: AMD, Marathon, Tesla, Uber, Walgreens And MoreA renowned investor argues that stocks are too high, the Fed's promise of low interest rates is just a nice story, and Wall Street is always upbeat, according to Jack Hough 's "Jeremy Grantham's Bubble Forecast Is an Outlier. Is He Right?" See what Barron's thinks comes next for the likes of General Motors Company (NYSE: GM) and Procter & Gamble Co (NYSE: PG).In "Companies Are the New Activists After Capitol Riot," Leslie P. Norton examines how recent events have prompted America's corporations, from Amazon.com, Inc. (NASDAQ: AMZN) to Chevron Corporation (NYSE: CVX), to wade decisively into politics with a range of activist initiatives.Avi Salzman's "The Dow Dropped Exxon Mobil in August. But as Oil Prices Rise, So Does Its Stock" explains why it looked like Exxon Mobil Corporation (NYSE: XOM) might have to cut its dividend, but now rising oil prices give it time to cut costs and its $65 billion in debt. Find out why Barron's says Wall Street is giving it a second look.Also in this week's Barron's: * The 2020 Barron's Roundtable report card * Experts on how Biden can fix the COVID-19 vaccine rollout * How much presidents actually influence the economy * ESG activists' new focus on diversity in corporate leadership * What is next now that fear has come to the markets * What the outgoing administration meant for the economy * Whether higher dividend taxes for top earners are coming * Why "bridges" to maximize Social Security benefits should be built into 401(k)s * How Mexican resorts got creative during the pandemicAt the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Photo by Mike Mozart on Flickr.See more from Benzinga * Click here for options trades from Benzinga * Notable Insider Buys Of The Past Week: Conagra Brands Plus Plenty Of Biotech Activity * Benzinga's Weekly Bulls And Bears: AMD, Marathon, Tesla, Uber, Walgreens And More(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Major bitcoin mining operation Bitmain filed an application to become a public company in 2018, with a market capitalization of $40 billion to $50 billion. This attempt to go public on the HKSE ultimately failed.
(Bloomberg) -- The U.S. government notified several of Huawei Technologies Co.’s suppliers that it’s revoking their licenses to work with the Chinese company and rejecting other applications in the last days of Donald Trump’s presidency, Reuters reported, citing unidentified people familiar with the matter.Current licensed suppliers that have been notified include Intel Corp., Reuters said. In addition, the Commerce Department indicated its intent to deny “a significant number of license requests for exports to Huawei,” according to an email obtained by the news agency. Representatives for Intel and the U.S. Commerce Department didn’t immediately respond to requests by Bloomberg News seeking comment.The latest move against Huawei is probably the Trump administration’s last strike to weaken the Chinese telecommunications giant and puts the spotlight on how the incoming Biden administration will approach the U.S.-China relationship. Asian chip stocks and Huawei suppliers including Samsung Electronics Co., Tokyo Electron Ltd., Advantest Corp. and Lasertec Corp. slid between 1% and 4% in early Monday trading.Intel was among a small group of companies that the U.S. government cleared to do business with Huawei, which it put on its so-called entity list of national security threats in May 2019. Trump administration sanctions have cut Huawei off from business-critical relationships with the likes of Alphabet Inc.’s Google, which provided the Android software on hundreds of millions of Huawei smartphones, and Taiwan Semiconductor Manufacturing Co. for its cutting-edge chips.Huawei has relied on Intel much less, primarily for its servers and consumer laptop products. A representative for the Chinese company didn’t immediately respond to a request for comment.Read more: Trump’s China Inc. Onslaught Leaves Key Decisions for BidenTrump has escalated his campaign to curb China’s technological rise as his term draws to a close. Xiaomi Corp., another smartphone and consumer electronics vendor, was among nine firms added to the U.S. Defense Department’s list of companies with alleged ties to the Chinese military, a move that will restrict U.S. investments in its securities. Other companies include state-owned planemaker Commercial Aircraft Corp. of China Ltd., or Comac, which is central to China’s goal of creating a narrow-body plane that can compete with Boeing Co. and Airbus SE.The profile of the companies targeted, including in the latest announcements on Thursday, is staggering. They include China’s three biggest telecom firms, its top chipmaker, its biggest social media and gaming players, its top two smartphone makers, its main deepwater energy explorer, its premier military aerospace contractor, its leading drone manufacturer and its primary commercial planemaker.While the scope of Trump’s unprecedented actions has roiled markets, the full reckoning of their impact largely hinges on President-elect Joe Biden. His incoming administration will have the power to either keep the restrictions in place, remove them or tighten them further.Read more: U.S. Blacklists Xiaomi in Widening Assault on China Tech(Updates with share action from the third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Hexavest of Montreal slashed each of its positions in Apple, Intel, and Microsoft stock, and initiated a small position in electric-vehicle firm Nio in the fourth quarter.
Bloomberg this weekend reported on the boom that is taking shape in the commodities markets.What Happened: Investors are moving from the bull market in stocks to areas further afield in search of returns in a very-low interest rate environment."Commodities haven't been this sexy since the mid-2000s, when China was stockpiling everything from copper to cotton," Bloomberg reports.The story points to several developments: * JPMorgan Chase & Co. (NYSE: JPM) recommending a move away from bonds toward materials * Hedge fund bets at their highest levels in a decade, totalling nearly $120 billion * Agricultural markets also up more than 30% in the last decade * Corn at a seven-year high * Soybeans and wheat at their highest prices since 2014 * Copper having the potential to rally 20% to more than $10,000 a metric ton, according to Francisco Blanch, head of global commodities research at Bank of AmericaQuick Ways To Jump In: If this makes you itchy to get in on the action, then here are three ETFs and two copper funds that can give you exposure to metals and agriculture, which we gathered by asking around the Benzinga staff for some quick ways to place bets.Note that this is by no means a comprehensive list but some simple ways to buy if you believe these commodities will continue their rise. * Invesco DB Agriculture Fund (NYSE: DBA) With $691.8 million in assets under management, this is one of the largest ETFs that holds actual agricultural commodities. Its 26-week return rate stands at 20.79%, according to ETF Database. Its share price is up 20.79% over the past six months and closed last week at $16.56. * For an ETF that holds agricultural stocks, the largest is VanEck Vectors Agribusiness ETF (NYSE: MOO). It has $914.5 million in assets under management and "the best ticker symbol out there," says Spencer Israel, producer of Benzinga's PreMarket Prep. It has a 26-week return rate of 31.32%, according to ETF Database. It is up 29.89% over the past six months and closed last week at $82.14. * The VanEck Vectors Rare Earth/Strategic Metals ETF (NYSE: REMX) holds stocks of companies that produce rare earth metals such as titanium, molybdenum, cerium, manganese and tungsten. It has $421.1 million in assets under management. The ETF's 26-week return rate is 89.57%, and its share price closed last week at $72.38, up 87.90% over six months. * For pure copper plays, also look into the Barclays iPath Bloomberg Copper Subindex (NYSEARCA: JJC), which is an exchange-traded note, and the United States Copper Index Fund (NYSE: CPER), an exchange-traded product.Image source: PexelsSee more from Benzinga * Click here for options trades from Benzinga * Tesla Takes Legal Action Against Chinese News Outlet Over Report Of 'Sweatshop' Conditions At Shanghai Gigafactory: Global Times * Swiss Bank Chairman Benjamin de Rothschild Dies Of Heart Attack At 57(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
At a time when millions of people are strapped for money and counting on their income tax refund or a stimulus check, they’ll have to wait a little longer before they can file their taxes. Feb. 12 marks the first date the Internal Revenue Service will start accepting and processing returns. Tax season started Jan. 27 last year.
New retirees are like recent college graduates — they’re on their own after years of the same routine, and they have to find a new path to follow. This type of retiree ventures into the unknown, taking on a new job they’ve never done before.
Each week Trifecta Stocks identifies names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on five names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.
Congressional leaders plan to get "right to work" on it. How soon could you get the cash?
If you haven't heard about the saver's credit, you'll want to get up to speed.
At 8.6% interest on its savings accounts, crypto fintech platform BlockFi is offering an interesting option for savers disappointed with low rates.
On CNBC's latest "Mad Money Lightning Round," Jim Cramer said American Airlines Group Inc (NASDAQ: AAL) has moved up too much. He would buy Boeing Co (NYSE: BA) instead.Cramer prefers Crown Castle International Corp (NYSE: CCI) over American Tower Corp (NYSE: AMT).The day for Opko Health Inc. (NASDAQ: OPK) is not arriving, at least not anytime soon, thinks Cramer.General Motors Company (NYSE: GM) could be worth far more, said Cramer, adding that it is "real good" -- though it will never be the next Tesla Inc (NASDAQ: TSLA).If you want a speculative stock, Surface Oncology Inc (NASDAQ: SURF) is a very good place to be.S&P Global Inc (NYSE: SPGI) is a remarkable company, said Cramer. He would buy more. See more from Benzinga * Click here for options trades from Benzinga * 'Fast Money' Picks For January 19 * Mike Khouw Sees Unusual Call Options Activity In Virgin Galactic(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BlackBerry Limited (BB) is somewhat of an enigma in the investment world, full of great promise but at the same time, it has let shareholders down time and again. The company is armed with a huge patent portfolio, and offers several cutting-edge products in cybersecurity, Internet-of-Things (IoT), and automotive technology. What’s more, shares have surged 32% in the last two sessions after BlackBerry announced that it has sold 90 smartphone technology patents to Huawei, as part of its shift away from the mobile phone space. But while BlackBerry gushes with potential, it also disappoints quarter after quarter. In the most recent quarter, BlackBerry missed on revenue and GAAP EPS. Most concerning were the drop in revenue, down 20% year-over-year, and the sizeable increase in GAAP operating loss of $127 million, up from the $29 million loss one year ago. To be fair, some of the performance issues were pandemic-related, particularly with regards to the auto sector where plant shutdowns have translated to fewer automobile deliveries, and hence, lower QNX licensing fees. However, the company’s revenue has been shrinking for several years before the pandemic. The five-year growth rate for example is -20.8%. Company Transformation The story is not all bad. Glimmers of hope are emerging in what may yet shape up to be a multi-year turnaround story that started in 2013, the year that John Chen took the reigns of BlackBerry as CEO. At that time, BlackBerry was a $6 billion Titanic, immersed in red ink after hitting an iceberg called the Apple iPhone. After taking charge, John Chen proceeded to monetize the company’s patent portfolio, and transform the mobile phone manufacturer into a much more modest $1 billion software company. The transformation has taken place over several years, with half a dozen acquisitions along the way, including Cylance, Good, and AtHoc. These companies have been assimilated and worked into BlackBerry's product streams, but also have resulted in a significant write down of goodwill, including $500 million earlier in 2020. BlackBerry has at least stabilized its financial situation, and now has positive free cash flow and adjusted EBITDA. That said, the turmoil surrounding the company has affected its stock price and resulted in an attractive valuation. BlackBerry also boasts some promising technologies that could lead to strong revenue growth down the road. This may be a great time to invest in BlackBerry. Valuation Metrics BlackBerry’s low valuation should come as no surprise given its past troubles. The company has superior metrics versus the software industry on a number of fronts, summarized in the table below. MetricBlackBerryIndustryPrice/Sales Ratio5.8511.31Price/Book Ratio3.0711.44Gross Margin74.2%70.9%Operating Margin-9.2%-23.6%Current Ratio2.271.57Total Debt/Equity0.330.55 Metrics such as price/sales and price/book ratio suggest that BlackBerry is quite undervalued, with a strong likelihood that the stock will outperform once the company’s future potential is recognized by the market. It is not at all unreasonable to expect a 2x - 3x stock price increase from its current level. BlackBerry IVY BlackBerry’s recent announcement regarding its strategic alliance with Amazon Web Services (AWS) may be enough to kick-start the company’s stock price. The exclusive partnership provides instant credibility along with a ‘Big Data’ mindset to vehicle data, resulting in unlimited potential for third-party applications in areas such as car insurance, maintenance, EV charging, and connected vehicles. The AWS platform gives BlackBerry IVY cloud-connectivity, scalability, and a global reach. This initiative will provide BlackBerry with a new source of recurring revenue in the automotive market, where it already has software installed in over 175 million cars. Spark Suite Apart from BlackBerry IVY, there are several other promising technologies emerging from BlackBerry, including Spark Suite, which combines Endpoint Management with Endpoint Security, a logical step in the evolution of mobile devices. Spark Suite provides Zero Trust, an emerging concept in cybersecurity that is becoming a necessity for enterprises as mobile devices such as wearables become the norm within the workplace. In addition to IVY and Spark Suite, BlackBerry has several other more mature product offerings including QNX, BlackBerry AtHoc, and BlackBerry SecuSUITE. While not as exciting as BlackBerry's recent initiatives, they provide a steady and increasing revenue stream. Wall Street’s Take From Wall Street analysts, BlackBerry earns a Hold analyst consensus based on 3 Hold ratings. Additionally, the average price target of $8 puts the downside potential at 18.7%. (See BlackBerry stock analysis on TipRanks) Summary and Conclusions BlackBerry has had a turbulent past, downsizing from a $6 billion hardware company into a $1 billion software company over the last seven years. Revenue was down 20% year-over-year in the latest quarter, but much of the poor performance can be attributed to the soft auto sector resulting from the pandemic. QNX licensing fees and royalties will pick up as the global economy improves. Despite several years of disappointing results, the company has stabilized its financial situation and appears to be positioned to capitalize on several leading-edge technology ventures, including its exclusive partnership with AWS and enterprise mobility management and security. Given the very low valuation, this could be an ideal time to invest in BlackBerry. Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.
Thanks to the surge in the number of SPACs and the media coverage of them, Chamath Palihapitiya has become a familiar name among traders. Now, he's asking people what more he can offer them for investment choices.What Happened: Palihapitiya took to Twitter to ask his 730,000 followers if they would like new investment offerings featuring access to all of his investments.Palihapitiya's tweet offered four options in the poll titled "What do you want." The options were * "SocialCapital ETF" * "SC HoldCo (a la $BRK)" * "SC Venture Syndicate" * "Nothing- f*** off..."The Social Capital ETF was the overwhelming favorite, getting 47.2% of the vote from over 76,000 people who took part in the poll.SC HoldCo, which would operate similar to Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) and likely trade as a stock, came in second with 13.4%. Palihapitiya has been compared to this generation's Warren Buffett. What's Next: Palihapitiya has hinted at offering an ETF before, and the poll results could get the legendary investor closer to making this a reality given the interest.His Social Capital Hedosophia was founded as a concept called "IPO 2.0" to provide an alternative path to traditional IPOs for innovative tech companies to go public. Palihapitiya aims to bring SPACs public with symbols running all the way from IPOA to IPOZ. "My ambition is to be our generation's Berkshire Hathaway. It'll be Berkshire, a holding company that, instead of holding Gillette and Coca-Cola and McDonald's, will hold technology businesses," Palihapitiya told Fortune last year.Palihapitiya invests $100 million of his own personal money in the deals he does to show "skin in the game."With Palihapitiya's SPACs trading at premiums prior to announced deals, a holding company or ETF offering access to all the SPACs could see strong interest.Related Link: 5 Things You Might Not Know About Chamath PalihapitiyaPotential Holdings: A Social Capital holding company or Chamath ETF would include SPACs from Social Capital Hedosophia and also companies Palihapitiya has backed as a member of the PIPE.Social Capital has launched six SPACs, with three of them completing deals, one pending and two without targets.Virgin Galactic Holdings (NYSE: SPCE), Opendoor Technologies (NASDAQ: OPEN) and Clover Health Investments (NASDAQ: CLOV) all completed SPAC mergers.Social Capital Hedosophia Holdings Corp V (NYSE: IPOE) is taking SoFi public. Social Capital Hedosophia Holdings Corp IV (NYSE: IPOD) and Social Capital Hedosophai Holdings Corp VI (NYSE: IPOF) are both searching for targets.SPACs that Palihapitiya has been involved in as a member of a PIPE include MP Materials (NYSE: MP), Desktop Metal (NYSE: DM), Insu Acquisition Cop II (NASDAQ: INAQ) and ArcLight Clean Transition Corp (NASDAQ: ACTC), which recently announced a merger with Proterra.An investment offering a basket of stocks and SPACs could also include companies Palihapitiya is a fan of, which include Amazon.com,Inc (NASDAQ: AMZN), Slack Technologies Inc (NYSE: WORK) and Tesla Inc (NASDAQ: TSLA).Disclosure: Author is long shares IPOD, SPCE.Photo credit: Cmichel67 via WikimediaSee more from Benzinga * Click here for options trades from Benzinga * Cathie Wood Could Be Launching A Space Exploration ETF * 5 Things You Might Not Know About Chamath Palihapitiya(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The debate around canceling student debt has been front and center in the wake of the presidential election, and President-elect Biden should provide substantial cancellation on his first day in office.
DraftKings is one of the top IPO stocks to watch, as gambling legalization gains steam. Here is what the fundamentals and technical analysis say about buying DKNG stock now.
Andrew LeftCitron Research's Andrew Left criticized insurance company Lemonade Inc (NYSE: LMND) on Friday, saying its stock multiple is based on empty marketing tactics.The Lemonade Bear Case: In a Twitter live video, Left dismissed Lemonade Inc's claims of bringing new technology to the insurance industry, saying the company's technology is no different from insurers like Progressive Corp. (NYSE: PGR) or State Farm."They've been lying to their customers and their shareholders," said the noted short seller.The company has not responded to a request for comment.Not An ESG Company: He also blasted Lemonade's claims of being a "social good" company as an easy marketing ploy.Left said Lemonade is taking advantage of younger investors' interest in supporting companies that have a positive social impact, like Tesla Inc (NASDAQ: TSLA)."It's playing on the millennial investors," he said, adding that the company has a higher multiple than Zoom Video Communications (NASDAQ: ZM), Uber Technologies Inc (NYSE: UBER) or Tesla Inc (NASDAQ: TSLA).Lemonade insiders have sold $400 million in the past six months but gave just $1 million to charity last year, he said.Left said the Securities and Exchange Commission and the Federal Trade Commission should look more closely at companies that make claims of being socially responsible.Price Action: Shares of Lemonade ended Friday's trading down 6.79% at $147.74 on Friday. Left's video posted to Twitter at 11:30 a.m.Related Link: XL Fleet Spikes On CEO's CNBC Plug, Citron's Long CallSee more from Benzinga * Click here for options trades from Benzinga * Hillman Group In Talks With Tilman Fertitta SPAC: Bloomberg * 6 Sports SPACs To Consider For Your Investing Playbook(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.