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Why Amazon Is Among Morgan Stanley's Top Picks For Q4, 2021

Amazon.com, Inc. (NASDAQ: AMZN) has been a huge beneficiary of consumer spending shifting away from experiences such as travel, live events, amusement parks and restaurants, according to Morgan Stanley. The Amazon Analyst: Brian Nowak has an Overweight rating on Amazon with a $3,750 price target. The Amazon Takeaways: About $30 billion to $60 billion of monthly “experience spend” is likely up for grabs for the remainder of 2020, even as the world reopens, Nowak said in a note.Apart from the shift in spending, Amazon also stands to benefit from the shelter-in-place holiday shopping season, with less …read more […]

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Moderna or BioNTech: J.P. Morgan Lays Odds On the Race to a COVID-19 Vaccine

The world needs a vaccine against COVID-19, and with some 200 vaccine candidates in various stages of development, and more than 30 of these vaccines already in Phase 3 clinical trials, odds are we will get a vaccine — probably several — sooner than you might expect. J.P. Morgan analyst Cory Kasimov focused in on two of the leading candidates: mRNA-1273 from Moderna (MRNA), and BNT162 from BioNTech (BNTX), laying odds on which of the two has the best chance of success — and which might win FDA approval first.Kasimov’s note, it should be pointed out, is not intended to …read more […]

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Commerce Department Announces Deal to Reduce Russian Uranium Imports Over Long-Term; Key Step in Helping to Revive the U.S. Uranium Industry

Establishing Strategic Uranium Reserve Now Will Help Ensure U. Uranium Miners Can Benefit from the Agreement’s Long-Term RestrictionsLAKEWOOD, Colo. …read more […]

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The 5G Revolution Could Send These 3 Stocks Higher

Let’s face it: 5G is here already. The only remaining questions are, how long until it reaches full coverage, and how long until every smartphone and wireless user is switched over to the new networks. Those are serious questions, though, and investors interested in 5G will have their work cut out for them: locating stocks, divining the connection with the 5G rollout, and working out the right time to buy in.Wall Street’s analysts have been getting started on that task, reviewing the tech sector specifically with 5G connections in sight. The pros point out that gains from 5G will be …read more […]

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Millionaires Would Pay Up Under Biden Tax Plans, Study Shows

(Bloomberg) — Millionaires could see much bigger tax bills if Democrat Joe Biden is elected president in November, but levies on most households below the top income brackets would stay about the same as under President Donald Trump, an outside analysis shows.Biden’s tax proposals would have the top 0.1% of earners — those currently making about $3.3 million or more annually — paying a 43% rate on their income, according to the Penn Wharton Budget Model. That top group pays a rate of about 30.6% under Trump’s 2017 tax law, according to the report, which accounts for income, payroll and …read more […]