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Amarin Corporation (AMRN): All Eyes on Vascepa 2020 Sales

There’s good news and some bad news said Amarin Corporation (AMRN) to investors today, using the carrot and the stick approach.The maker of the fish oil drug Vascepa released positive preliminary sales outlook for 2019, which appear likely to reach the top or possibly slightly higher end of management’s guidance ($425 million).In less positive news, the company also released its operating expense (Opex) guidance for 2020. Currently, 2019 consensus Opex estimates are for roughly $350 million, while 2020 will see an increase in the region of $200-$250 million, indicating levels of between $550-$600 million. At present, the 2020 Opex estimate …read more […]

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Top 20 Marijuana Penny Stocks List 2020

Marijuana is a growing industry and penny stocks have a low barrier to entry. For a few dollars, you can own a piece of multiple marijuana companies. Although, tracking them down can be challenging. That’s why we’ve put together a list of the top marijuana penny stocks.
The list below offers both direct and indirect exposure to the marijuana industry. As the industry continues to grow, some of these stocks might double your money. Or a small investment could even triple in little time. Below, you’ll find the marijuana penny stocks list. Then below that, you’ll find an important strategy to …read more […]

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Is It Time to Bet Big on Warren Buffett?

Warren Buffett had a rough year, but is Berkshire Hathaway about to turn things around?
Nicholas Vardy discusses Buffett’s investment strategies and what could be in store for 2020.

Warren Buffett had a rough 2019.
Yes, the greatest investor in history closed the year up by 11%. But that performance trailed the S&P 500’s 30% rise in 2019 by 19%.
And that marked Buffett’s worst performance relative to the S&P 500 in a decade.
I’ve written before that Buffett has underperformed the S&P 500 for 15 years straight.
It seems that the combination of Berkshire’s size and Buffett’s infamous aversion to technology stocks – except for …read more […]

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CIBC Boosts Mobile Sales Force After Mortgages Shrunk Last Year

(Bloomberg) — Canadian Imperial Bank of Commerce expects its growth in domestic mortgages to be more “market-like” in 2020, after last year’s contraction in home-loan balances, Chief Executive Officer Victor Dodig said.CIBC is taking a more “diversified” approach to originating mortgages rather than focusing on the greater Toronto and Vancouver areas, once the source of CIBC’s outsized growth, Dodig said at a conference Tuesday. CIBC also increased its sales force of mobile mortgage advisers to 920 from 840 — still down from a height of 1,200 — and made efforts to “ignite” staff in branches who weren’t meeting expectations on …read more […]