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Oppenheimer: 3 “Strong Buy” Stocks With Over 30% Upside Ahead

Are the violent stock market movements here to stay? Investors see plenty of cause for worry, in rising coronavirus case rates that many say portend a second wave of the pandemic. In addition, some states are extending lockdown policies. That said, watching the markets for the past few months, Oppenheimer’s asset management chief strategist John Stoltzfus sees reasons for a bullish outlook. He believes that volatility will rule through 2H20, but that markets will start rising again at the end of the year. Stoltzfus says that when the bull comes to run, investors will jump on, arguing they are …read more […]

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Tesla Slashes Model Y Crossover Price By $3,000

Tesla (TSLA) has slashed the price for its Model Y crossover by $3,000 to $49,990 from $52,990 previously. The move comes less than four months after Tesla started delivering the vehicle in mid-March.It is also not the first price cut of late. Tesla reduced the price for the Model S and the Model X by $5,000 and $2,000 respectively in May.The price cuts were viewed as an “acknowledgment that Tesla isn’t immune to material North American demand weakness,” commented Roth Capital analyst Craig Irwin at the time.However TSLA subsequently announced total 2Q deliveries of 90,650, well ahead of FactSet consensus …read more […]

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3 Monster Growth Stocks Gearing up for Gains

We’ve never seen anything like this. Since the onset of the COVID-induced recession, unprecedented levels of monetary and fiscal stimulus have been pumped into the economy, demonstrating the Federal Reserve’s efforts to support the economic recovery. To prevent the fallout seen during the Great Depression after monetary accommodation was withdrawn too early, the Fed plans to continue this accommodative policy. Against this backdrop, continued volatility could be on tap as the market unpacks the effects of surging COVID-19 cases, the U.S. presidential election, the historic gains from the pandemic-driven low point and economic reopenings. According to some analysts, this …read more […]

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Xeris Spikes 12% After-Hours On Soros Stake; Analyst Says Buy

Xeris Pharmaceuticals (XERS) spiked 12% in Friday’s after-hours trading after a filing disclosed that Soros Fund Management, LLC holds a 5.3% stake in the company with ~2.5M common shares.Soros Fund Management was founded in 1969 by 89-year old hedge fund tycoon and billionaire George Soros.Xeris’s lead product, Gvoke, is a ready-to-use glucagon product for diabetic patients experiencing severe hypoglycemia, which has been approved as a prefilled syringe (PFS) and autoinjector (HypoPen).The HypoPen was launched on July 1, making it the first ready-to-use glucagon in a premixed autoinjector, with no visible needle.“We are excited to announce that Gvoke HypoPen is now …read more […]

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Gilead Reveals Additional Data On Covid-19 Treatment Remdesivir

Gilead Sciences (GILD) has announced encouraging additional data on remdesivir, the company’s investigational antiviral for the treatment of COVID-19.The data includes a comparative analysis of the Phase 3 SIMPLE-Severe trial and a real-world retrospective cohort of patients with severe COVID-19.“In this analysis, remdesivir was associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality compared with standard of care – an important finding that requires confirmation in prospective clinical trials” the company stated.Separate subgroup analyses from the Phase 3 SIMPLE-Severe trial, including an evaluation of the safety and efficacy of remdesivir across different racial …read more […]

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Square Snaps Up Stitch Labs, As Analyst Finally Upgrades Stock

Mobile payment processor Square (SQ) has acquired Stitch Labs, an operations management platform for growing commerce brands. Terms of the deal were not disclosed.Stitch Labs has a strong background in building key tools for businesses such as inventory and order management, channel management, and fulfillment solutions, says Square.“The team will join our Seller organization, where we’re eager to learn from their experience and expertise to help us better serve sellers” the statement revealed.While Stitch Labs won’t take on any new customers, Stitch Lab’s products will continue to operate for existing customers until Spring 2021.“Longer term, we plan to sunset Stitch …read more […]

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Alibaba’s CEO Sets Out Ambitious Goals; Sees 2B Customers By 2036

In his first letter to shareholders, Alibaba’s (BABA) CEO Daniel Zhang has set out a series of ambitious goals for the Chinese e-commerce giant.BABA’s goal is to serve more than 1 billion consumers in China and facilitate more than RMB10 trillion of consumption on the company’s platforms in the next five years as ‘we continue on the path of globalization’.Longer-term, Zhang wants BABA to serve 2 billion consumers globally, create 100 million jobs and provide the necessary infrastructure to support 10 million small businesses to become profitable on the company’s platforms by 2036.“We will continue to pursue our three strategic …read more […]

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China Gives World First View of Post-Lockdown Rebound: Eco Week

(Bloomberg) — The country first hit by the coronavirus pandemic will this week have a clearer picture of its progress on nursing the economy back to health.China reports second-quarter gross domestic product on Thursday, along with monthly readings for industrial output and retail sales. An easing of lockdown measures plus a modest amount of policy stimulus should be enough to post a positive growth rate, after the historic 6.8% collapse in the first quarter.Economists forecast a 2.5% expansion in the three months to June, with the recovery momentum largely unscathed even after a fresh outbreak in Beijing prompted the return …read more […]

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Did Hedge Funds Make The Right Call On Teva Pharmaceutical Industries Limited (NYSE:TEVA) ?

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]

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Did Hedge Funds Make The Right Call On Hewlett Packard Enterprise Company (HPE) ?

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]